401k Plan data: GARCIA WEALTH MANAGEMENT GROUP, INC. 401(K) PROFIT SHARING PLAN plan

GARCIA WEALTH MANAGEMENT GROUP, INC. 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan Name	GARCIA WEALTH MANAGEMENT GROUP, INC. 401(K) PROFIT SHARING PLAN
Plan identification number	001

GARCIA WEALTH MANAGEMENT GROUP, INC. 401(K) PROFIT SHARING PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
Profit-sharing
ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
Participant-directed brokerage accounts provided as an investment option under the plan.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

GARCIA WEALTH MANAGEMENT GROUP, INC. has sponsored the creation of one or more 401k plans.

Company Name: GARCIA WEALTH MANAGEMENT GROUP, INC.

Employer identification number (EIN): 300842305

NAIC Classification: 523900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan GARCIA WEALTH MANAGEMENT GROUP, INC. 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2020-01-01
001 2019-01-01 BRIAN BARONI 2020-06-29 BRIAN BARONI 2020-06-29
001 2018-01-01
001 2017-01-01 ROBERT A. GARCIA
001 2016-01-01 ROBERT A. GARCIA
001 2015-01-01 ROBERT A. GARCIA 2016-10-06

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2020-01-01
001	2019-01-01	BRIAN BARONI	2020-06-29	BRIAN BARONI	2020-06-29
001	2018-01-01
001	2017-01-01	ROBERT A. GARCIA
001	2016-01-01	ROBERT A. GARCIA
001	2015-01-01	ROBERT A. GARCIA	2016-10-06

Plan Statistics for GARCIA WEALTH MANAGEMENT GROUP, INC. 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for GARCIA WEALTH MANAGEMENT GROUP, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2018: GARCIA WEALTH MANAGEMENT GROUP, INC. 401(K) PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year 2018-01-01 5
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 8
Number of retired or separated participants receiving benefits 2018-01-01 0
Number of other retired or separated participants entitled to future benefits 2018-01-01 0
Total of all active and inactive participants 2018-01-01 8
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-01-01 0
Total participants 2018-01-01 8
Number of participants with account balances 2018-01-01 8
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-01-01 0
2017: GARCIA WEALTH MANAGEMENT GROUP, INC. 401(K) PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year 2017-01-01 5
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 5
Number of retired or separated participants receiving benefits 2017-01-01 0
Number of other retired or separated participants entitled to future benefits 2017-01-01 0
Total of all active and inactive participants 2017-01-01 5
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-01-01 0
Total participants 2017-01-01 5
Number of participants with account balances 2017-01-01 4
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 0
2016: GARCIA WEALTH MANAGEMENT GROUP, INC. 401(K) PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year 2016-01-01 6
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 5
Number of retired or separated participants receiving benefits 2016-01-01 0
Number of other retired or separated participants entitled to future benefits 2016-01-01 0
Total of all active and inactive participants 2016-01-01 5
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2016-01-01 0
Total participants 2016-01-01 5
Number of participants with account balances 2016-01-01 4
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-01-01 0

Measure	Date	Value
2018: GARCIA WEALTH MANAGEMENT GROUP, INC. 401(K) PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year	2018-01-01	5
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	8
Number of retired or separated participants receiving benefits	2018-01-01	0
Number of other retired or separated participants entitled to future benefits	2018-01-01	0
Total of all active and inactive participants	2018-01-01	8
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-01-01	0
Total participants	2018-01-01	8
Number of participants with account balances	2018-01-01	8
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	0
2017: GARCIA WEALTH MANAGEMENT GROUP, INC. 401(K) PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year	2017-01-01	5
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	5
Number of retired or separated participants receiving benefits	2017-01-01	0
Number of other retired or separated participants entitled to future benefits	2017-01-01	0
Total of all active and inactive participants	2017-01-01	5
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	0
Total participants	2017-01-01	5
Number of participants with account balances	2017-01-01	4
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	0
2016: GARCIA WEALTH MANAGEMENT GROUP, INC. 401(K) PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year	2016-01-01	6
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	5
Number of retired or separated participants receiving benefits	2016-01-01	0
Number of other retired or separated participants entitled to future benefits	2016-01-01	0
Total of all active and inactive participants	2016-01-01	5
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-01-01	0
Total participants	2016-01-01	5
Number of participants with account balances	2016-01-01	4
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-01-01	0

Financial Data on GARCIA WEALTH MANAGEMENT GROUP, INC. 401(K) PROFIT SHARING PLAN

Measure	Date	Value
2018 : GARCIA WEALTH MANAGEMENT GROUP, INC. 401(K) PROFIT SHARING PLAN 2018 401k financial data
Transfers to/from the plan	2018-12-31	$0
Total plan liabilities at end of year	2018-12-31	$0
Total plan liabilities at beginning of year	2018-12-31	$0
Total income from all sources	2018-12-31	$187,215
Expenses. Total of all expenses incurred	2018-12-31	$780
Benefits paid (including direct rollovers)	2018-12-31	$0
Total plan assets at end of year	2018-12-31	$859,999
Total plan assets at beginning of year	2018-12-31	$673,564
Value of fidelity bond covering the plan	2018-12-31	$250,000
Total contributions received or receivable from participants	2018-12-31	$67,843
Assets. Value of loans (other than to participants)	2018-12-31	$0
Expenses. Other expenses not covered elsewhere	2018-12-31	$780
Contributions received from other sources (not participants or employers)	2018-12-31	$77,373
Other income received	2018-12-31	$-30,313
Noncash contributions received	2018-12-31	$0
Net income (gross income less expenses)	2018-12-31	$186,435
Net plan assets at end of year (total assets less liabilities)	2018-12-31	$859,999
Net plan assets at beginning of year (total assets less liabilities)	2018-12-31	$673,564
Assets. Value of participant loans	2018-12-31	$49,522
Total contributions received or receivable from employer(s)	2018-12-31	$72,312
Value of certain deemed distributions of participant loans	2018-12-31	$0
Value of corrective distributions	2018-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2018-12-31	$0
2017 : GARCIA WEALTH MANAGEMENT GROUP, INC. 401(K) PROFIT SHARING PLAN 2017 401k financial data
Transfers to/from the plan	2017-12-31	$0
Total plan liabilities at end of year	2017-12-31	$0
Total plan liabilities at beginning of year	2017-12-31	$23
Total income from all sources	2017-12-31	$181,753
Expenses. Total of all expenses incurred	2017-12-31	$312
Benefits paid (including direct rollovers)	2017-12-31	$0
Total plan assets at end of year	2017-12-31	$673,564
Total plan assets at beginning of year	2017-12-31	$492,146
Value of fidelity bond covering the plan	2017-12-31	$250,000
Total contributions received or receivable from participants	2017-12-31	$53,974
Assets. Value of loans (other than to participants)	2017-12-31	$250,000
Expenses. Other expenses not covered elsewhere	2017-12-31	$312
Contributions received from other sources (not participants or employers)	2017-12-31	$0
Other income received	2017-12-31	$61,903
Noncash contributions received	2017-12-31	$0
Net income (gross income less expenses)	2017-12-31	$181,441
Net plan assets at end of year (total assets less liabilities)	2017-12-31	$673,564
Net plan assets at beginning of year (total assets less liabilities)	2017-12-31	$492,123
Total contributions received or receivable from employer(s)	2017-12-31	$65,876
Value of certain deemed distributions of participant loans	2017-12-31	$0
Value of corrective distributions	2017-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2017-12-31	$0
2016 : GARCIA WEALTH MANAGEMENT GROUP, INC. 401(K) PROFIT SHARING PLAN 2016 401k financial data
Transfers to/from the plan	2016-12-31	$0
Total plan liabilities at end of year	2016-12-31	$23
Total plan liabilities at beginning of year	2016-12-31	$0
Total income from all sources	2016-12-31	$158,391
Expenses. Total of all expenses incurred	2016-12-31	$140,618
Benefits paid (including direct rollovers)	2016-12-31	$139,936
Total plan assets at end of year	2016-12-31	$492,146
Total plan assets at beginning of year	2016-12-31	$474,350
Value of fidelity bond covering the plan	2016-12-31	$250,000
Total contributions received or receivable from participants	2016-12-31	$47,225
Assets. Value of loans (other than to participants)	2016-12-31	$250,000
Expenses. Other expenses not covered elsewhere	2016-12-31	$682
Contributions received from other sources (not participants or employers)	2016-12-31	$0
Other income received	2016-12-31	$42,860
Noncash contributions received	2016-12-31	$0
Net income (gross income less expenses)	2016-12-31	$17,773
Net plan assets at end of year (total assets less liabilities)	2016-12-31	$492,123
Net plan assets at beginning of year (total assets less liabilities)	2016-12-31	$474,350
Assets. Value of participant loans	2016-12-31	$5,211
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-102	2016-12-31	$23,003
Total contributions received or receivable from employer(s)	2016-12-31	$68,306
Value of certain deemed distributions of participant loans	2016-12-31	$0
Value of corrective distributions	2016-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2016-12-31	$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2016-12-31	$0

Form 5500 Responses for GARCIA WEALTH MANAGEMENT GROUP, INC. 401(K) PROFIT SHARING PLAN

2018: GARCIA WEALTH MANAGEMENT GROUP, INC. 401(K) PROFIT SHARING PLAN 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes
2017: GARCIA WEALTH MANAGEMENT GROUP, INC. 401(K) PROFIT SHARING PLAN 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes
2016: GARCIA WEALTH MANAGEMENT GROUP, INC. 401(K) PROFIT SHARING PLAN 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	GARCIA WEALTH MANAGEMENT GROUP, INC.
Employer identification number (EIN):	300842305
NAIC Classification:	523900