401k Plan data: GENERAL SALES, INC. 401K PLAN plan

GENERAL SALES, INC. 401K PLAN 401k Plan overview

Plan Name	GENERAL SALES, INC. 401K PLAN
Plan identification number	002

GENERAL SALES, INC. 401K 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.
Prototype plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion or notification letter; and under which a seperate funding medium (for example, a seperate trust or custodial account) is established for the use of each adopting employer.

401k Sponsoring company profile

GENERAL SALES, INC. has sponsored the creation of one or more 401k plans.

Company Name: GENERAL SALES, INC.

Employer identification number (EIN): 591158542

NAIC Classification: 423990
NAIC Description: Other Miscellaneous Durable Goods Merchant Wholesalers

Additional information about GENERAL SALES, INC.

Jurisdiction of Incorporation: Florida Department of State Division of Corporations

Incorporation Date: 1967-02-13

Company Identification Number: 313761

Legal Registered Office Address: 7695 S.W. 104 STREET

MIAMI

33156

More information about GENERAL SALES, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan GENERAL SALES, INC. 401K PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2023-01-01
002 2022-01-01
002 2021-01-01
002 2020-01-01
002 2019-01-01
002 2018-01-01
002 2017-01-01
002 2016-01-01
002 2015-01-01
002 2014-01-01 MR. TIMOTHY T. DORR 2015-07-04
002 2013-01-01 MR. TIMOTHY T. DORR 2014-07-10
002 2012-01-01 MR. TIMOTHY T. DORR 2013-07-26
002 2011-01-01 MR. TIMOTHY T. DORR
002 2010-01-01 MR. TIMOTHY T. DORR
002 2009-01-01 MR. TIMOTHY T. DORR
002 2007-01-01 TIM DORR
002 2007-01-01 TIM DORR TIM DORR 2010-04-12
002 2006-01-01

Financial Data on GENERAL SALES, INC. 401K PLAN

Measure	Date	Value
2025 : GENERAL SALES, INC. 401K PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year	2025-07-15	2250112
Net assets as of the end of the plan year	2025-07-15	2730824
Total assets as of the beginning of the plan year	2025-07-15	4574966
Value of plan covered by a fidelity bond	2025-07-15	460000
Participant contributions to plan in this plan year	2025-07-15	44834
Value of participant loans at end of plan year	2025-07-15	8091
Other contributions to plan in this plan year	2025-07-15	0
Other income to plan in this plan year	2025-07-15	327465
Plan net income in this plan year	2025-07-15	-1844142
Net assets as of the end of the plan year	2025-07-15	2730824
Net assets as of the beginning of the plan year	2025-07-15	4574966
Employer contributions to plan in this plan year	2025-07-15	33671
2024 : GENERAL SALES, INC. 401K PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year	2024-07-22	0
Net assets as of the end of the plan year	2024-07-22	4574966
Total assets as of the beginning of the plan year	2024-07-22	4168611
Value of plan covered by a fidelity bond	2024-07-22	460000
Participant contributions to plan in this plan year	2024-07-22	47215
Value of participant loans at end of plan year	2024-07-22	7662
Other contributions to plan in this plan year	2024-07-22	0
Other income to plan in this plan year	2024-07-22	326784
Plan net income in this plan year	2024-07-22	406355
Net assets as of the end of the plan year	2024-07-22	4574966
Net assets as of the beginning of the plan year	2024-07-22	4168611
Employer contributions to plan in this plan year	2024-07-22	32356
2011 : GENERAL SALES, INC. 401K PLAN 2011 401k financial data
Total income from all sources	2011-12-31	$-23,227
Expenses. Total of all expenses incurred	2011-12-31	$21,487
Benefits paid (including direct rollovers)	2011-12-31	$21,487
Total plan assets at end of year	2011-12-31	$2,403,456
Total plan assets at beginning of year	2011-12-31	$2,448,170
Value of fidelity bond covering the plan	2011-12-31	$220,000
Total contributions received or receivable from participants	2011-12-31	$80,266
Other income received	2011-12-31	$-126,134
Net income (gross income less expenses)	2011-12-31	$-44,714
Net plan assets at end of year (total assets less liabilities)	2011-12-31	$2,403,456
Net plan assets at beginning of year (total assets less liabilities)	2011-12-31	$2,448,170
Total contributions received or receivable from employer(s)	2011-12-31	$22,641
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2011-12-31	$0
2010 : GENERAL SALES, INC. 401K PLAN 2010 401k financial data
Total income from all sources	2010-12-31	$364,577
Expenses. Total of all expenses incurred	2010-12-31	$40,000
Benefits paid (including direct rollovers)	2010-12-31	$40,000
Total plan assets at end of year	2010-12-31	$2,435,678
Total plan assets at beginning of year	2010-12-31	$2,111,101
Value of fidelity bond covering the plan	2010-12-31	$220,000
Total contributions received or receivable from participants	2010-12-31	$71,523
Other income received	2010-12-31	$218,042
Net income (gross income less expenses)	2010-12-31	$324,577
Net plan assets at end of year (total assets less liabilities)	2010-12-31	$2,435,678
Net plan assets at beginning of year (total assets less liabilities)	2010-12-31	$2,111,101
Total contributions received or receivable from employer(s)	2010-12-31	$75,012
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2010-12-31	$0

Form 5500 Responses for GENERAL SALES, INC. 401K PLAN

2011: GENERAL SALES, INC. 401K PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Submission has been amended	No
2011-01-01	This submission is the final filing	No
2011-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2011-01-01	Plan is a collectively bargained plan	No
2011-01-01	Plan funding arrangement – Insurance	Yes
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement – Insurance	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2010: GENERAL SALES, INC. 401K PLAN 2010 form 5500 responses
2010-01-01	Type of plan entity	Single employer plan
2010-01-01	Submission has been amended	Yes
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 – Insurance	Yes
2010-01-01	Plan funding arrangement – Trust	Yes
2010-01-01	Plan benefit arrangement – Insurance	Yes
2010-01-01	Plan benefit arrangement - Trust	Yes
2009: GENERAL SALES, INC. 401K 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 – Insurance	Yes
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement – Insurance	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes
2007: GENERAL SALES, INC. 401K PLAN 2007 form 5500 responses
2007-01-01	Type of plan entity	Single employer plan
2007-01-01	Submission has been amended	Yes
2007-01-01	This submission is the final filing	No
2007-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2007-01-01	Plan is a collectively bargained plan	No
2007-01-01	Plan funding arrangement – Insurance	Yes
2007-01-01	Plan funding arrangement – Trust	Yes
2007-01-01	Plan benefit arrangement – Insurance	Yes
2007-01-01	Plan benefit arrangement - Trust	Yes
2006: GENERAL SALES, INC. 401K PLAN 2006 form 5500 responses
2006-01-01	Type of plan entity	Single employer plan
2006-01-01	Submission has been amended	No
2006-01-01	This submission is the final filing	No
2006-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2006-01-01	Plan is a collectively bargained plan	No

Insurance Providers Used on plan

MUTUAL OF OMAHA (National Association of Insurance Commissioners NAIC id number: 69868 )
Policy contract number	BU1081130
Policy instance	1
ALLSTATE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 60186 )
Policy contract number	G067
Policy instance	2
MUTUAL OF OMAHA (National Association of Insurance Commissioners NAIC id number: 69868 )
Policy contract number	BU1081130
Policy instance	1
ALLSTATE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 60186 )
Policy contract number	G067
Policy instance	2

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See full terms and conditions

Company Name:	GENERAL SALES, INC.
Employer identification number (EIN):	591158542
NAIC Classification:	423990
NAIC Description:	Other Miscellaneous Durable Goods Merchant Wholesalers

Jurisdiction of Incorporation:	Florida Department of State Division of Corporations
Incorporation Date:	1967-02-13
Company Identification Number:	313761
Legal Registered Office Address:	7695 S.W. 104 STREET MIAMI 33156

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
002	2023-01-01
002	2022-01-01
002	2021-01-01
002	2020-01-01
002	2019-01-01
002	2018-01-01
002	2017-01-01
002	2016-01-01
002	2015-01-01
002	2014-01-01	MR. TIMOTHY T. DORR	2015-07-04
002	2013-01-01	MR. TIMOTHY T. DORR	2014-07-10
002	2012-01-01	MR. TIMOTHY T. DORR	2013-07-26
002	2011-01-01	MR. TIMOTHY T. DORR
002	2010-01-01	MR. TIMOTHY T. DORR
002	2009-01-01	MR. TIMOTHY T. DORR
002	2007-01-01	TIM DORR
002	2007-01-01	TIM DORR		TIM DORR	2010-04-12
002	2006-01-01