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WILLARD KIRBY AUTO GROUP, LLC 401(K) PLAN 401k Plan overview

Plan NameWILLARD KIRBY AUTO GROUP, LLC 401(K) PLAN
Plan identification number 002

WILLARD KIRBY AUTO GROUP, LLC 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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.
  • 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

RENN KIRBY AUTO GROUP, LLC has sponsored the creation of one or more 401k plans.

Company Name:RENN KIRBY AUTO GROUP, LLC
Employer identification number (EIN):464695128
NAIC Classification:441110
NAIC Description:New Car Dealers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan WILLARD KIRBY AUTO GROUP, LLC 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022015-01-01KEVIN CHAMBERS STEPHEN CAPONE2016-10-10

Plan Statistics for WILLARD KIRBY AUTO GROUP, LLC 401(K) PLAN

401k plan membership statisitcs for WILLARD KIRBY AUTO GROUP, LLC 401(K) PLAN

Measure Date Value
2015: WILLARD KIRBY AUTO GROUP, LLC 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01171
Total number of active participants reported on line 7a of the Form 55002015-01-01242
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-0127
Total of all active and inactive participants2015-01-01269
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-01269
Number of participants with account balances2015-01-01117
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-018

Financial Data on WILLARD KIRBY AUTO GROUP, LLC 401(K) PLAN

Measure Date Value
2015 : WILLARD KIRBY AUTO GROUP, LLC 401(K) PLAN 2015 401k financial data
Total unrealized appreciation/depreciation of assets2015-12-31$0
Total transfer of assets to this plan2015-12-31$1,883,325
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total income from all sources (including contributions)2015-12-31$347,729
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$180,010
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$129,586
Value of total corrective distributions2015-12-31$8,409
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$324,003
Value of total assets at end of year2015-12-31$5,176,373
Value of total assets at beginning of year2015-12-31$3,125,329
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$42,015
Total interest from all sources2015-12-31$706
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$254,818
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2015-12-31$254,818
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$380,000
If this is an individual account plan, was there a blackout period2015-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$284,638
Participant contributions at end of year2015-12-31$15,337
Participant contributions at beginning of year2015-12-31$20,157
Participant contributions at beginning of year2015-12-31$2,427
Administrative expenses (other) incurred2015-12-31$30,044
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$167,719
Value of net assets at end of year (total assets less liabilities)2015-12-31$5,176,373
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$3,125,329
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Investment advisory and management fees2015-12-31$11,971
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$4,934,761
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$2,964,550
Interest on participant loans2015-12-31$706
Value of interest in common/collective trusts at end of year2015-12-31$226,275
Value of interest in common/collective trusts at beginning of year2015-12-31$136,474
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-234,566
Net investment gain or loss from common/collective trusts2015-12-31$2,768
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Contributions received in cash from employer2015-12-31$39,365
Employer contributions (assets) at beginning of year2015-12-31$1,721
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$129,586
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32015-12-31Yes
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31COUNCILOR, BUCHANAN, MITCHELL, CPAS
Accountancy firm EIN2015-12-31521711839

Form 5500 Responses for WILLARD KIRBY AUTO GROUP, LLC 401(K) PLAN

2015: WILLARD KIRBY AUTO GROUP, LLC 401(K) PLAN 2015 form 5500 responses
2015-01-01Type of plan entityMulitple employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes

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