401k Plan data: GENESIS AUTOMOTIVE GROUP, INC. 401(K) PLAN plan

GENESIS AUTOMOTIVE GROUP, INC. 401(K) PLAN 401k Plan overview

Plan Name	GENESIS AUTOMOTIVE GROUP, INC. 401(K) PLAN
Plan identification number	001

GENESIS AUTOMOTIVE GROUP, INC. 401(K) 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.
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) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

GENESIS AUTOMOTIVE GROUP, INC. has sponsored the creation of one or more 401k plans.

Company Name: GENESIS AUTOMOTIVE GROUP, INC.

Employer identification number (EIN): 472741111

NAIC Classification: 441110
NAIC Description: New Car Dealers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan GENESIS AUTOMOTIVE GROUP, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01
001 2021-01-01
001 2020-01-01
001 2019-01-01
001 2018-01-01 GRACE LOPEZ 2019-09-27 GRACE LOPEZ 2019-09-27
001 2017-01-01 GRACE LOPEZ 2018-09-27 GRACE LOPEZ 2018-09-27
001 2016-01-01 GRACE LOPEZ 2017-10-09 GRACE LOPEZ 2017-10-09

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2022-01-01
001	2021-01-01
001	2020-01-01
001	2019-01-01
001	2018-01-01	GRACE LOPEZ	2019-09-27	GRACE LOPEZ	2019-09-27
001	2017-01-01	GRACE LOPEZ	2018-09-27	GRACE LOPEZ	2018-09-27
001	2016-01-01	GRACE LOPEZ	2017-10-09	GRACE LOPEZ	2017-10-09

Plan Statistics for GENESIS AUTOMOTIVE GROUP, INC. 401(K) PLAN

401k plan membership statisitcs for GENESIS AUTOMOTIVE GROUP, INC. 401(K) PLAN

Measure Date Value
2022: GENESIS AUTOMOTIVE GROUP, INC. 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 167
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 140
Number of retired or separated participants receiving benefits 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 7
Total of all active and inactive participants 2022-01-01 147
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 147
Number of participants with account balances 2022-01-01 81
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 8
2021: GENESIS AUTOMOTIVE GROUP, INC. 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 148
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 140
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 12
Total of all active and inactive participants 2021-01-01 152
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 1
Total participants 2021-01-01 153
Number of participants with account balances 2021-01-01 85
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 3
2020: GENESIS AUTOMOTIVE GROUP, INC. 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 141
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 141
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 2
Total of all active and inactive participants 2020-01-01 143
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 1
Total participants 2020-01-01 144
Number of participants with account balances 2020-01-01 53
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 0
2019: GENESIS AUTOMOTIVE GROUP, INC. 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 125
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 127
Number of other retired or separated participants entitled to future benefits 2019-01-01 4
Total of all active and inactive participants 2019-01-01 131
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 131
Number of participants with account balances 2019-01-01 43
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 0

Measure	Date	Value
2022: GENESIS AUTOMOTIVE GROUP, INC. 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	167
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	140
Number of retired or separated participants receiving benefits	2022-01-01	0
Number of other retired or separated participants entitled to future benefits	2022-01-01	7
Total of all active and inactive participants	2022-01-01	147
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	147
Number of participants with account balances	2022-01-01	81
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	8
2021: GENESIS AUTOMOTIVE GROUP, INC. 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	148
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	140
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	12
Total of all active and inactive participants	2021-01-01	152
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	1
Total participants	2021-01-01	153
Number of participants with account balances	2021-01-01	85
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	3
2020: GENESIS AUTOMOTIVE GROUP, INC. 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	141
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	141
Number of retired or separated participants receiving benefits	2020-01-01	0
Number of other retired or separated participants entitled to future benefits	2020-01-01	2
Total of all active and inactive participants	2020-01-01	143
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	1
Total participants	2020-01-01	144
Number of participants with account balances	2020-01-01	53
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	0
2019: GENESIS AUTOMOTIVE GROUP, INC. 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	125
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	127
Number of other retired or separated participants entitled to future benefits	2019-01-01	4
Total of all active and inactive participants	2019-01-01	131
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	131
Number of participants with account balances	2019-01-01	43
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	0

Financial Data on GENESIS AUTOMOTIVE GROUP, INC. 401(K) PLAN

Measure	Date	Value
2022 : GENESIS AUTOMOTIVE GROUP, INC. 401(K) PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets	2022-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$0
Total income from all sources (including contributions)	2022-12-31	$217,694
Total loss/gain on sale of assets	2022-12-31	$0
Total of all expenses incurred	2022-12-31	$267,110
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$245,676
Value of total corrective distributions	2022-12-31	$1,437
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$575,811
Value of total assets at end of year	2022-12-31	$2,055,943
Value of total assets at beginning of year	2022-12-31	$2,105,359
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$19,997
Total interest from all sources	2022-12-31	$832
Total dividends received (eg from common stock, registered investment company shares)	2022-12-31	$3,426
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2022-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2022-12-31	$3,426
Was this plan covered by a fidelity bond	2022-12-31	Yes
Value of fidelity bond cover	2022-12-31	$500,000
If this is an individual account plan, was there a blackout period	2022-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2022-12-31	No
Contributions received from participants	2022-12-31	$542,230
Participant contributions at end of year	2022-12-31	$7,125
Participant contributions at beginning of year	2022-12-31	$8,016
Participant contributions at end of year	2022-12-31	$0
Participant contributions at beginning of year	2022-12-31	$85
Income. Received or receivable in cash from other sources (including rollovers)	2022-12-31	$6,464
Administrative expenses (other) incurred	2022-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Value of net income/loss	2022-12-31	$-49,416
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$2,055,943
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$2,105,359
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2022-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2022-12-31	No
Were any leases to which the plan was party in default or uncollectible	2022-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2022-12-31	$157,721
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2022-12-31	$191,346
Value of interest in pooled separate accounts at end of year	2022-12-31	$258,656
Value of interest in pooled separate accounts at beginning of year	2022-12-31	$271,328
Interest on participant loans	2022-12-31	$379
Interest earned on other investments	2022-12-31	$453
Value of interest in common/collective trusts at end of year	2022-12-31	$1,595,390
Value of interest in common/collective trusts at beginning of year	2022-12-31	$1,634,210
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2022-12-31	$37,051
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2022-12-31	$370
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2022-12-31	$-26,127
Net investment gain/loss from pooled separate accounts	2022-12-31	$-43,664
Net investment gain or loss from common/collective trusts	2022-12-31	$-292,584
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2022-12-31	No
Was there a failure to transmit to the plan any participant contributions	2022-12-31	No
Has the plan failed to provide any benefit when due under the plan	2022-12-31	No
Contributions received in cash from employer	2022-12-31	$27,117
Employer contributions (assets) at end of year	2022-12-31	$0
Employer contributions (assets) at beginning of year	2022-12-31	$4
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$245,676
Contract administrator fees	2022-12-31	$19,997
Did the plan have assets held for investment	2022-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2022-12-31	No
Opinion of an independent qualified public accountant for this plan	2022-12-31	Unqualified
Accountancy firm name	2022-12-31	CARNAGHI & SCHWARK PLLC
Accountancy firm EIN	2022-12-31	461506714
2021 : GENESIS AUTOMOTIVE GROUP, INC. 401(K) PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets	2021-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$0
Total income from all sources (including contributions)	2021-12-31	$720,391
Total loss/gain on sale of assets	2021-12-31	$0
Total of all expenses incurred	2021-12-31	$58,413
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$41,238
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$456,710
Value of total assets at end of year	2021-12-31	$2,105,359
Value of total assets at beginning of year	2021-12-31	$1,443,381
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$17,175
Total interest from all sources	2021-12-31	$829
Total dividends received (eg from common stock, registered investment company shares)	2021-12-31	$4,067
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2021-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2021-12-31	$4,067
Was this plan covered by a fidelity bond	2021-12-31	Yes
Value of fidelity bond cover	2021-12-31	$500,000
If this is an individual account plan, was there a blackout period	2021-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2021-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2021-12-31	No
Contributions received from participants	2021-12-31	$400,376
Participant contributions at end of year	2021-12-31	$8,016
Participant contributions at beginning of year	2021-12-31	$19,273
Participant contributions at end of year	2021-12-31	$85
Income. Received or receivable in cash from other sources (including rollovers)	2021-12-31	$47,377
Other income not declared elsewhere	2021-12-31	$2,577
Administrative expenses (other) incurred	2021-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Value of net income/loss	2021-12-31	$661,978
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$2,105,359
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$1,443,381
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2021-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2021-12-31	No
Were any leases to which the plan was party in default or uncollectible	2021-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2021-12-31	$191,346
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2021-12-31	$126,630
Value of interest in pooled separate accounts at end of year	2021-12-31	$271,328
Value of interest in pooled separate accounts at beginning of year	2021-12-31	$177,655
Interest on participant loans	2021-12-31	$825
Interest earned on other investments	2021-12-31	$4
Value of interest in common/collective trusts at end of year	2021-12-31	$1,634,210
Value of interest in common/collective trusts at beginning of year	2021-12-31	$1,119,586
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2021-12-31	$370
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2021-12-31	$237
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2021-12-31	$24,152
Net investment gain/loss from pooled separate accounts	2021-12-31	$50,093
Net investment gain or loss from common/collective trusts	2021-12-31	$181,963
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2021-12-31	No
Was there a failure to transmit to the plan any participant contributions	2021-12-31	No
Has the plan failed to provide any benefit when due under the plan	2021-12-31	No
Contributions received in cash from employer	2021-12-31	$8,957
Employer contributions (assets) at end of year	2021-12-31	$4
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$41,238
Contract administrator fees	2021-12-31	$17,175
Did the plan have assets held for investment	2021-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2021-12-31	No
Opinion of an independent qualified public accountant for this plan	2021-12-31	Unqualified
Accountancy firm name	2021-12-31	CARNAGHI & SCHWARK PLLC
Accountancy firm EIN	2021-12-31	461506714
2020 : GENESIS AUTOMOTIVE GROUP, INC. 401(K) PLAN 2020 401k financial data
Total income from all sources (including contributions)	2020-12-31	$422,719
Total of all expenses incurred	2020-12-31	$52,415
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2020-12-31	$20,471
Value of total corrective distributions	2020-12-31	$20,480
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2020-12-31	$239,749
Value of total assets at end of year	2020-12-31	$1,443,381
Value of total assets at beginning of year	2020-12-31	$1,073,077
Total of administrative expenses incurred including professional, contract, advisory and management fees	2020-12-31	$11,464
Total interest from all sources	2020-12-31	$1,266
Total dividends received (eg from common stock, registered investment company shares)	2020-12-31	$2,552
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2020-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2020-12-31	$2,552
Was this plan covered by a fidelity bond	2020-12-31	Yes
Value of fidelity bond cover	2020-12-31	$500,000
If this is an individual account plan, was there a blackout period	2020-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2020-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2020-12-31	No
Contributions received from participants	2020-12-31	$239,749
Participant contributions at end of year	2020-12-31	$19,273
Participant contributions at beginning of year	2020-12-31	$24,113
Participant contributions at beginning of year	2020-12-31	$0
Assets. Loans (other than to participants) at beginning of year	2020-12-31	$0
Other income not declared elsewhere	2020-12-31	$22
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-12-31	No
Value of net income/loss	2020-12-31	$370,304
Value of net assets at end of year (total assets less liabilities)	2020-12-31	$1,443,381
Value of net assets at beginning of year (total assets less liabilities)	2020-12-31	$1,073,077
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2020-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2020-12-31	No
Were any leases to which the plan was party in default or uncollectible	2020-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2020-12-31	$126,630
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2020-12-31	$86,932
Value of interest in pooled separate accounts at end of year	2020-12-31	$177,655
Value of interest in pooled separate accounts at beginning of year	2020-12-31	$117,386
Interest on participant loans	2020-12-31	$1,263
Interest earned on other investments	2020-12-31	$3
Value of interest in common/collective trusts at end of year	2020-12-31	$1,119,586
Value of interest in common/collective trusts at beginning of year	2020-12-31	$844,510
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2020-12-31	$237
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2020-12-31	$136
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2020-12-31	$8,146
Net investment gain/loss from pooled separate accounts	2020-12-31	$25,602
Net investment gain or loss from common/collective trusts	2020-12-31	$145,382
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2020-12-31	No
Was there a failure to transmit to the plan any participant contributions	2020-12-31	No
Has the plan failed to provide any benefit when due under the plan	2020-12-31	No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2020-12-31	$20,471
Contract administrator fees	2020-12-31	$11,464
Did the plan have assets held for investment	2020-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2020-12-31	No
Opinion of an independent qualified public accountant for this plan	2020-12-31	Disclaimer
Accountancy firm name	2020-12-31	CARNAGHI & SCHWARK PLLC
Accountancy firm EIN	2020-12-31	461506714
2019 : GENESIS AUTOMOTIVE GROUP, INC. 401(K) PLAN 2019 401k financial data
Total income from all sources (including contributions)	2019-12-31	$428,338
Total of all expenses incurred	2019-12-31	$96,057
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2019-12-31	$75,664
Value of total corrective distributions	2019-12-31	$10,183
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2019-12-31	$249,031
Value of total assets at end of year	2019-12-31	$1,073,077
Value of total assets at beginning of year	2019-12-31	$740,796
Total of administrative expenses incurred including professional, contract, advisory and management fees	2019-12-31	$10,210
Total interest from all sources	2019-12-31	$1,367
Total dividends received (eg from common stock, registered investment company shares)	2019-12-31	$1,678
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2019-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2019-12-31	$1,678
Was this plan covered by a fidelity bond	2019-12-31	Yes
Value of fidelity bond cover	2019-12-31	$500,000
If this is an individual account plan, was there a blackout period	2019-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2019-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2019-12-31	No
Contributions received from participants	2019-12-31	$185,894
Participant contributions at end of year	2019-12-31	$24,113
Participant contributions at beginning of year	2019-12-31	$13,425
Participant contributions at end of year	2019-12-31	$0
Participant contributions at beginning of year	2019-12-31	$0
Income. Received or receivable in cash from other sources (including rollovers)	2019-12-31	$63,137
Assets. Loans (other than to participants) at end of year	2019-12-31	$0
Assets. Loans (other than to participants) at beginning of year	2019-12-31	$0
Other income not declared elsewhere	2019-12-31	$275
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Value of net income/loss	2019-12-31	$332,281
Value of net assets at end of year (total assets less liabilities)	2019-12-31	$1,073,077
Value of net assets at beginning of year (total assets less liabilities)	2019-12-31	$740,796
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2019-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2019-12-31	No
Were any leases to which the plan was party in default or uncollectible	2019-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2019-12-31	$86,932
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2019-12-31	$34,534
Value of interest in pooled separate accounts at end of year	2019-12-31	$117,386
Value of interest in pooled separate accounts at beginning of year	2019-12-31	$49,200
Interest on participant loans	2019-12-31	$1,367
Value of interest in common/collective trusts at end of year	2019-12-31	$844,510
Value of interest in common/collective trusts at beginning of year	2019-12-31	$643,637
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2019-12-31	$136
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2019-12-31	$9,670
Net investment gain/loss from pooled separate accounts	2019-12-31	$15,825
Net investment gain or loss from common/collective trusts	2019-12-31	$150,492
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2019-12-31	No
Was there a failure to transmit to the plan any participant contributions	2019-12-31	No
Has the plan failed to provide any benefit when due under the plan	2019-12-31	No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2019-12-31	$75,664
Contract administrator fees	2019-12-31	$10,210
Did the plan have assets held for investment	2019-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2019-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2019-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2019-12-31	Disclaimer
Accountancy firm name	2019-12-31	CARNAGHI & SCHWARK PLLC
Accountancy firm EIN	2019-12-31	461506714

Form 5500 Responses for GENESIS AUTOMOTIVE GROUP, INC. 401(K) PLAN

2022: GENESIS AUTOMOTIVE GROUP, INC. 401(K) PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	No
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Insurance	Yes
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement – Insurance	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: GENESIS AUTOMOTIVE GROUP, INC. 401(K) PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Insurance	Yes
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement – Insurance	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: GENESIS AUTOMOTIVE GROUP, INC. 401(K) PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Insurance	Yes
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement – Insurance	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: GENESIS AUTOMOTIVE GROUP, INC. 401(K) PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	No
2019-01-01	This submission is the final filing	No
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	No
2019-01-01	Plan funding arrangement – Insurance	Yes
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement – Insurance	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )

Policy contract number

613953

Policy instance

Insurance contract or identification number	613953
Number of Individuals Covered	106
Insurance policy start date	2022-01-01
Insurance policy end date	2022-12-31
Total amount of commissions paid to insurance broker	USD $82
Total amount of fees paid to insurance company	USD $14
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $82
Amount paid for insurance broker fees	0
Insurance broker organization code?	3
Additional information about fees paid to insurance broker	REFERRAL/SERVICE FEE

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )

Policy contract number

463324

Policy instance

Insurance contract or identification number	463324
Number of Individuals Covered	106
Insurance policy start date	2022-01-01
Insurance policy end date	2022-12-31
Total amount of commissions paid to insurance broker	USD $666
Total amount of fees paid to insurance company	USD $111
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $666
Amount paid for insurance broker fees	0
Insurance broker organization code?	3
Additional information about fees paid to insurance broker	REFERRAL/SERVICE FEE

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )

Policy contract number

613953

Policy instance

Insurance contract or identification number	613953
Number of Individuals Covered	114
Insurance policy start date	2021-01-01
Insurance policy end date	2021-12-31
Total amount of commissions paid to insurance broker	USD $1
Total amount of fees paid to insurance company	USD $0
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $1
Amount paid for insurance broker fees	0
Insurance broker organization code?	3

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )

Policy contract number

463324

Policy instance

Insurance contract or identification number	463324
Number of Individuals Covered	114
Insurance policy start date	2021-01-01
Insurance policy end date	2021-12-31
Total amount of commissions paid to insurance broker	USD $648
Total amount of fees paid to insurance company	USD $108
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $648
Amount paid for insurance broker fees	0
Insurance broker organization code?	3
Additional information about fees paid to insurance broker	REFERRAL - SERVICE FEE

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )

Policy contract number

463324

Policy instance

Insurance contract or identification number	463324
Number of Individuals Covered	53
Insurance policy start date	2020-01-01
Insurance policy end date	2020-12-31
Total amount of commissions paid to insurance broker	USD $351
Total amount of fees paid to insurance company	USD $58
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $351
Amount paid for insurance broker fees	0
Insurance broker organization code?	3

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )

Policy contract number

613953

Policy instance

Insurance contract or identification number	613953
Number of Individuals Covered	43
Insurance policy start date	2019-01-01
Insurance policy end date	2019-12-31
Total amount of commissions paid to insurance broker	USD $209
Total amount of fees paid to insurance company	USD $35
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $209
Amount paid for insurance broker fees	0
Insurance broker organization code?	3

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Company Name:	GENESIS AUTOMOTIVE GROUP, INC.
Employer identification number (EIN):	472741111
NAIC Classification:	441110
NAIC Description:	New Car Dealers