401k Plan data: WADE FORD, INC. PROFIT SHARING PLAN plan

WADE FORD, INC. PROFIT SHARING PLAN 401k Plan overview

Plan Name	WADE FORD, INC. PROFIT SHARING PLAN
Plan identification number	002

WADE FORD, INC. 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.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

WADE FORD INC has sponsored the creation of one or more 401k plans.

Company Name: WADE FORD INC

Employer identification number (EIN): 581544317

NAIC Classification: 441110
NAIC Description: New Car Dealers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan WADE FORD, INC. PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2023-01-01 STEVEN EWING 2024-07-17 STEVEN EWING 2024-07-17
002 2022-01-01 DAVID TACKETT 2023-10-10 DAVID TACKETT 2023-10-10
002 2021-01-01 DAVID TACKETT 2022-07-27 DAVID TACKETT 2022-07-27
002 2020-01-01 DAVID TACKETT 2021-09-30 DAVID TACKETT 2021-09-30
002 2019-01-01 DAVID TACKETT 2020-08-27 DAVID TACKETT 2020-08-27
002 2018-01-01 DAVID W TACKETT 2019-09-27 DAVID W TACKETT 2019-09-27
002 2018-01-01 DAVID W TACKETT 2019-09-27 DAVID W TACKETT 2019-09-27
002 2017-01-01 DAVID TACKETT 2018-08-29 DAVID TACKETT 2018-08-29
002 2016-01-01 DAVID W ATACKETT 2018-01-25 DAVID W ATACKETT 2018-01-25
002 2015-01-01 DAVID TACKETT 2016-09-28 DAVID TACKETT 2016-09-28
002 2014-01-01 DAVID TACKETT 2015-10-13 DAVID TACKETT 2015-10-13
002 2013-01-01 DAVID TACKETT 2014-06-06 DAVID TACKETT 2014-06-06
002 2012-01-01 DAVID TACKETT 2013-10-03 DAVID TACKETT 2013-10-03
002 2011-01-01 DAVID W TACKETT 2012-09-29 DAVID W TACKETT 2012-09-29
002 2010-01-01 DAVID W TACKETT DAVID W TACKETT 2011-10-14
002 2009-01-01 DAVID TACKETT DAVID TACKETT 2010-10-07

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
002	2023-01-01	STEVEN EWING	2024-07-17	STEVEN EWING	2024-07-17
002	2022-01-01	DAVID TACKETT	2023-10-10	DAVID TACKETT	2023-10-10
002	2021-01-01	DAVID TACKETT	2022-07-27	DAVID TACKETT	2022-07-27
002	2020-01-01	DAVID TACKETT	2021-09-30	DAVID TACKETT	2021-09-30
002	2019-01-01	DAVID TACKETT	2020-08-27	DAVID TACKETT	2020-08-27
002	2018-01-01	DAVID W TACKETT	2019-09-27	DAVID W TACKETT	2019-09-27
002	2018-01-01	DAVID W TACKETT	2019-09-27	DAVID W TACKETT	2019-09-27
002	2017-01-01	DAVID TACKETT	2018-08-29	DAVID TACKETT	2018-08-29
002	2016-01-01	DAVID W ATACKETT	2018-01-25	DAVID W ATACKETT	2018-01-25
002	2015-01-01	DAVID TACKETT	2016-09-28	DAVID TACKETT	2016-09-28
002	2014-01-01	DAVID TACKETT	2015-10-13	DAVID TACKETT	2015-10-13
002	2013-01-01	DAVID TACKETT	2014-06-06	DAVID TACKETT	2014-06-06
002	2012-01-01	DAVID TACKETT	2013-10-03	DAVID TACKETT	2013-10-03
002	2011-01-01	DAVID W TACKETT	2012-09-29	DAVID W TACKETT	2012-09-29
002	2010-01-01	DAVID W TACKETT		DAVID W TACKETT	2011-10-14
002	2009-01-01	DAVID TACKETT		DAVID TACKETT	2010-10-07

Plan Statistics for WADE FORD, INC. PROFIT SHARING PLAN

401k plan membership statisitcs for WADE FORD, INC. PROFIT SHARING PLAN

Measure Date Value
2010: WADE FORD, INC. PROFIT SHARING PLAN 2010 401k membership
Total participants, beginning-of-year 2010-01-01 108
Total number of active participants reported on line 7a of the Form 5500 2010-01-01 72
Number of retired or separated participants receiving benefits 2010-01-01 3
Number of other retired or separated participants entitled to future benefits 2010-01-01 6
Total of all active and inactive participants 2010-01-01 81
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2010-01-01 0
Total participants 2010-01-01 81
Number of participants with account balances 2010-01-01 59
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2010-01-01 3
2009: WADE FORD, INC. PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 152
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 79
Number of retired or separated participants receiving benefits 2009-01-01 0
Number of other retired or separated participants entitled to future benefits 2009-01-01 17
Total of all active and inactive participants 2009-01-01 96
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 96
Number of participants with account balances 2009-01-01 67
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 1

Measure	Date	Value
2010: WADE FORD, INC. PROFIT SHARING PLAN 2010 401k membership
Total participants, beginning-of-year	2010-01-01	108
Total number of active participants reported on line 7a of the Form 5500	2010-01-01	72
Number of retired or separated participants receiving benefits	2010-01-01	3
Number of other retired or separated participants entitled to future benefits	2010-01-01	6
Total of all active and inactive participants	2010-01-01	81
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2010-01-01	0
Total participants	2010-01-01	81
Number of participants with account balances	2010-01-01	59
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2010-01-01	3
2009: WADE FORD, INC. PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	152
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	79
Number of retired or separated participants receiving benefits	2009-01-01	0
Number of other retired or separated participants entitled to future benefits	2009-01-01	17
Total of all active and inactive participants	2009-01-01	96
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	96
Number of participants with account balances	2009-01-01	67
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	1

Financial Data on WADE FORD, INC. PROFIT SHARING PLAN

Measure	Date	Value
2010 : WADE FORD, INC. PROFIT SHARING PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets	2010-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2010-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2010-12-31	$0
Total income from all sources (including contributions)	2010-12-31	$431,588
Total loss/gain on sale of assets	2010-12-31	$0
Total of all expenses incurred	2010-12-31	$158,753
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2010-12-31	$92,410
Expenses. Certain deemed distributions of participant loans	2010-12-31	$39,244
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2010-12-31	$194,949
Value of total assets at end of year	2010-12-31	$1,942,420
Value of total assets at beginning of year	2010-12-31	$1,669,585
Total of administrative expenses incurred including professional, contract, advisory and management fees	2010-12-31	$27,099
Total interest from all sources	2010-12-31	$8,427
Total dividends received (eg from common stock, registered investment company shares)	2010-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2010-12-31	No
Administrative expenses professional fees incurred	2010-12-31	$3,250
Was this plan covered by a fidelity bond	2010-12-31	Yes
Value of fidelity bond cover	2010-12-31	$500,000
If this is an individual account plan, was there a blackout period	2010-12-31	Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2010-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2010-12-31	No
Contributions received from participants	2010-12-31	$160,977
Participant contributions at end of year	2010-12-31	$134,045
Participant contributions at beginning of year	2010-12-31	$185,679
Participant contributions at end of year	2010-12-31	$4,364
Participant contributions at beginning of year	2010-12-31	$952
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2010-12-31	No
Value of net income/loss	2010-12-31	$272,835
Value of net assets at end of year (total assets less liabilities)	2010-12-31	$1,942,420
Value of net assets at beginning of year (total assets less liabilities)	2010-12-31	$1,669,585
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2010-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2010-12-31	No
Were any leases to which the plan was party in default or uncollectible	2010-12-31	No
Investment advisory and management fees	2010-12-31	$8,144
Value of interest in registered invesment companies (eg mutual funds) at end of year	2010-12-31	$1,800,918
Interest on participant loans	2010-12-31	$8,407
Value of interest in common/collective trusts at beginning of year	2010-12-31	$1,482,782
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2010-12-31	$2,225
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2010-12-31	$20
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2010-12-31	$256,455
Net investment gain or loss from common/collective trusts	2010-12-31	$-28,243
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2010-12-31	No
Was there a failure to transmit to the plan any participant contributions	2010-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2010-12-31	No
Contributions received in cash from employer	2010-12-31	$33,972
Employer contributions (assets) at end of year	2010-12-31	$868
Employer contributions (assets) at beginning of year	2010-12-31	$172
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2010-12-31	$92,410
Contract administrator fees	2010-12-31	$15,705
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2010-12-31	Yes
Did the plan have assets held for investment	2010-12-31	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	2010-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2010-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2010-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2010-12-31	Disclaimer
Accountancy firm name	2010-12-31	LAWRENCE F. TORNETTA, LTD.
Accountancy firm EIN	2010-12-31	232385729
2009 : WADE FORD, INC. PROFIT SHARING PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2009-12-31	$0

Form 5500 Responses for WADE FORD, INC. PROFIT SHARING PLAN

2010: WADE FORD, INC. PROFIT SHARING PLAN 2010 form 5500 responses
2010-01-01	Type of plan entity	Single employer plan
2010-01-01	Submission has been amended	No
2010-01-01	This submission is the final filing	No
2010-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2010-01-01	Plan is a collectively bargained plan	No
2010-01-01	Plan funding arrangement – Trust	Yes
2010-01-01	Plan benefit arrangement - Trust	Yes
2009: WADE FORD, INC. PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	No
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan is a collectively bargained plan	No
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	WADE FORD INC
Employer identification number (EIN):	581544317
NAIC Classification:	441110
NAIC Description:	New Car Dealers