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CHARIOT TRANSIT INC.401 (K) PLAN 401k Plan overview

Plan NameCHARIOT TRANSIT INC.401 (K) PLAN
Plan identification number 001

CHARIOT TRANSIT INC.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.
  • 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.
  • Plan sponsor(s) received services of leased employees, as defined in Code section 414(n), during the plan year.

401k Sponsoring company profile

CHARIOT TRANSIT INC. has sponsored the creation of one or more 401k plans.

Company Name:CHARIOT TRANSIT INC.
Employer identification number (EIN):471663309
NAIC Classification:485990

Additional information about CHARIOT TRANSIT INC.

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 2016-08-11
Company Identification Number: 0802519527
Legal Registered Office Address: 1 AMERICAN RD RM 612

DEARBORN
United States of America (USA)
48126

More information about CHARIOT TRANSIT INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CHARIOT TRANSIT INC.401 (K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012018-11-01MICHELLE STREICHER2019-10-10
0012018-11-01
0012018-11-01

Plan Statistics for CHARIOT TRANSIT INC.401 (K) PLAN

401k plan membership statisitcs for CHARIOT TRANSIT INC.401 (K) PLAN

Measure Date Value
2018: CHARIOT TRANSIT INC.401 (K) PLAN 2018 401k membership
Total participants, beginning-of-year2018-11-01591
Total number of active participants reported on line 7a of the Form 55002018-11-01593
Number of retired or separated participants receiving benefits2018-11-010
Number of other retired or separated participants entitled to future benefits2018-11-012
Total of all active and inactive participants2018-11-01595
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-11-010
Total participants2018-11-01595
Number of participants with account balances2018-11-01124
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-11-010

Financial Data on CHARIOT TRANSIT INC.401 (K) PLAN

Measure Date Value
2018 : CHARIOT TRANSIT INC.401 (K) PLAN 2018 401k financial data
Total unrealized appreciation/depreciation of assets2018-12-31$0
Total transfer of assets to this plan2018-12-31$0
Total transfer of assets from this plan2018-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total income from all sources (including contributions)2018-12-31$441,662
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$6,330
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$6,167
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$458,721
Value of total assets at end of year2018-12-31$435,332
Value of total assets at beginning of year2018-12-31$0
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$163
Total interest from all sources2018-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$13,565
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2018-12-31$13,565
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$1,000
If this is an individual account plan, was there a blackout period2018-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$437,735
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$20,986
Administrative expenses (other) incurred2018-12-31$163
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$435,332
Value of net assets at end of year (total assets less liabilities)2018-12-31$435,332
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$419,083
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$0
Value of interest in common/collective trusts at end of year2018-12-31$16,249
Value of interest in common/collective trusts at beginning of year2018-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-30,648
Net investment gain or loss from common/collective trusts2018-12-31$24
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$6,167
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31BDO USA
Accountancy firm EIN2018-12-31135381590

Form 5500 Responses for CHARIOT TRANSIT INC.401 (K) PLAN

2018: CHARIOT TRANSIT INC.401 (K) PLAN 2018 form 5500 responses
2018-11-01Type of plan entitySingle employer plan
2018-11-01First time form 5500 has been submittedYes
2018-11-01Submission has been amendedNo
2018-11-01This submission is the final filingNo
2018-11-01This return/report is a short plan year return/report (less than 12 months)Yes
2018-11-01Plan is a collectively bargained planNo
2018-11-01Plan funding arrangement – TrustYes
2018-11-01Plan benefit arrangement - TrustYes

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