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OWENSBORO FORD CENTER, INC. 401(K) RETIREMENT PLAN 401k Plan overview

Plan NameOWENSBORO FORD CENTER, INC. 401(K) RETIREMENT PLAN
Plan identification number 001

OWENSBORO FORD CENTER, INC. 401(K) RETIREMENT 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.
  • 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.

401k Sponsoring company profile

OWENSBORO FORD CENTER, INC. has sponsored the creation of one or more 401k plans.

Company Name:OWENSBORO FORD CENTER, INC.
Employer identification number (EIN):611188770
NAIC Classification:441110
NAIC Description:New Car Dealers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan OWENSBORO FORD CENTER, INC. 401(K) RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012017-01-01KRIS WILKERSON

Plan Statistics for OWENSBORO FORD CENTER, INC. 401(K) RETIREMENT PLAN

401k plan membership statisitcs for OWENSBORO FORD CENTER, INC. 401(K) RETIREMENT PLAN

Measure Date Value
2017: OWENSBORO FORD CENTER, INC. 401(K) RETIREMENT PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-0169
Total number of active participants reported on line 7a of the Form 55002017-01-0153
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-017
Total of all active and inactive participants2017-01-0160
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-0160
Number of participants with account balances2017-01-0141
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-012

Financial Data on OWENSBORO FORD CENTER, INC. 401(K) RETIREMENT PLAN

Measure Date Value
2017 : OWENSBORO FORD CENTER, INC. 401(K) RETIREMENT PLAN 2017 401k financial data
Transfers to/from the plan2017-12-31$0
Total plan liabilities at end of year2017-12-31$0
Total plan liabilities at beginning of year2017-12-31$0
Total income from all sources2017-12-31$484,591
Expenses. Total of all expenses incurred2017-12-31$20,518
Benefits paid (including direct rollovers)2017-12-31$20,443
Total plan assets at end of year2017-12-31$2,994,067
Total plan assets at beginning of year2017-12-31$2,529,994
Value of fidelity bond covering the plan2017-12-31$300,000
Total contributions received or receivable from participants2017-12-31$75,453
Expenses. Other expenses not covered elsewhere2017-12-31$0
Contributions received from other sources (not participants or employers)2017-12-31$0
Other income received2017-12-31$380,890
Noncash contributions received2017-12-31$0
Net income (gross income less expenses)2017-12-31$464,073
Net plan assets at end of year (total assets less liabilities)2017-12-31$2,994,067
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$2,529,994
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022017-12-31$0
Total contributions received or receivable from employer(s)2017-12-31$28,248
Value of certain deemed distributions of participant loans2017-12-31$0
Value of corrective distributions2017-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$75

Form 5500 Responses for OWENSBORO FORD CENTER, INC. 401(K) RETIREMENT PLAN

2017: OWENSBORO FORD CENTER, INC. 401(K) RETIREMENT PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes

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