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CROSSOVER DRIVES, INC. 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameCROSSOVER DRIVES, INC. 401(K) PROFIT SHARING PLAN
Plan identification number 001

CROSSOVER DRIVES, INC. 401(K) PROFIT SHARING 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.
  • 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

CROSSOVER DRIVES, INC. has sponsored the creation of one or more 401k plans.

Company Name:CROSSOVER DRIVES, INC.
Employer identification number (EIN):621400780
NAIC Classification:335900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CROSSOVER DRIVES, INC. 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01DAVID G. PETERSEN2024-09-20
0012022-01-01DAVID G. PETERSEN2023-07-10
0012021-01-01DAVID G. PETERSEN2022-09-20
0012020-01-01DAVID G. PETERSEN2021-08-02
0012019-01-01DAVID G. PETERSEN2020-09-14
0012018-01-01DAVID G. PETERSEN2019-09-24
0012017-01-01DAVID G. PETERSEN2018-10-03
0012016-01-01DAVID G. PETERSEN2017-09-18
0012015-01-01DAVID G. PETERSEN2016-10-04
0012014-01-01DAVID G. PETERSEN2015-10-13
0012013-01-01DAVID G. PETERSEN2014-09-12
0012012-01-01DAVID G. PETERSEN2013-10-08
0012011-01-01DAVID G. PETERSEN
0012009-01-01DAVID G. PETERSEN

Plan Statistics for CROSSOVER DRIVES, INC. 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for CROSSOVER DRIVES, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2011: CROSSOVER DRIVES, INC. 401(K) PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-0135
Total number of active participants reported on line 7a of the Form 55002011-01-0137
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-010
Total of all active and inactive participants2011-01-0137
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-0137
Number of participants with account balances2011-01-0137
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2009: CROSSOVER DRIVES, INC. 401(K) PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0149
Total number of active participants reported on line 7a of the Form 55002009-01-0136
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-017
Total of all active and inactive participants2009-01-0143
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0143
Number of participants with account balances2009-01-0143

Financial Data on CROSSOVER DRIVES, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2011 : CROSSOVER DRIVES, INC. 401(K) PROFIT SHARING PLAN 2011 401k financial data
Total income from all sources2011-12-31$157,186
Expenses. Total of all expenses incurred2011-12-31$12,618
Benefits paid (including direct rollovers)2011-12-31$11,598
Total plan assets at end of year2011-12-31$1,138,867
Total plan assets at beginning of year2011-12-31$994,299
Value of fidelity bond covering the plan2011-12-31$120,000
Total contributions received or receivable from participants2011-12-31$84,750
Other income received2011-12-31$-65,572
Net income (gross income less expenses)2011-12-31$144,568
Net plan assets at end of year (total assets less liabilities)2011-12-31$1,138,867
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$994,299
Assets. Value of participant loans2011-12-31$76,133
Total contributions received or receivable from employer(s)2011-12-31$138,008
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$1,020
2010 : CROSSOVER DRIVES, INC. 401(K) PROFIT SHARING PLAN 2010 401k financial data
Total income from all sources2010-12-31$283,929
Expenses. Total of all expenses incurred2010-12-31$14,424
Benefits paid (including direct rollovers)2010-12-31$12,054
Total plan assets at end of year2010-12-31$994,299
Total plan assets at beginning of year2010-12-31$724,794
Value of fidelity bond covering the plan2010-12-31$100,000
Total contributions received or receivable from participants2010-12-31$77,555
Other income received2010-12-31$78,011
Net income (gross income less expenses)2010-12-31$269,505
Net plan assets at end of year (total assets less liabilities)2010-12-31$994,299
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$724,794
Assets. Value of participant loans2010-12-31$101,096
Total contributions received or receivable from employer(s)2010-12-31$128,363
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$2,370

Form 5500 Responses for CROSSOVER DRIVES, INC. 401(K) PROFIT SHARING PLAN

2011: CROSSOVER DRIVES, INC. 401(K) PROFIT SHARING PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: CROSSOVER DRIVES, INC. 401(K) PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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