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WAYNE'S AUTO SALES, INC PROFIT SHARING 401K PLAN 401k Plan overview

Plan NameWAYNE'S AUTO SALES, INC PROFIT SHARING 401K PLAN
Plan identification number 002

WAYNE'S AUTO SALES, INC PROFIT SHARING 401K 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.
  • 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

WAYNE'S AUTO SALES, INC. has sponsored the creation of one or more 401k plans.

Company Name:WAYNE'S AUTO SALES, INC.
Employer identification number (EIN):631086908
NAIC Classification:441120
NAIC Description:Used Car Dealers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan WAYNE'S AUTO SALES, INC PROFIT SHARING 401K PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01
0022022-01-01JERRY WAYNE GRAVES
0022021-01-01
0022021-01-01JERRY WAYNE GRAVES
0022020-01-01
0022019-01-01
0022018-01-01
0022017-01-01JERRY WAYNE GRAVES
0022016-01-01JERRY WAYNE GRAVES
0022015-01-01JERRY WAYNE GRAVES
0022014-01-01JERRY WAYNE GRAVES
0022013-01-01JERRY WAYNE GRAVES
0022012-01-01JERRY WAYNE GRAVES
0022011-01-01JERRY WAYNE GRAVES2012-03-21
0022010-01-01JERRY WAYNE GRAVES2011-09-01

Financial Data on WAYNE'S AUTO SALES, INC PROFIT SHARING 401K PLAN

Measure Date Value
2022 : WAYNE'S AUTO SALES, INC PROFIT SHARING 401K PLAN 2022 401k financial data
Total income from all sources2022-12-31$-36,352
Expenses. Total of all expenses incurred2022-12-31$560,765
Benefits paid (including direct rollovers)2022-12-31$560,765
Total plan assets at end of year2022-12-31$0
Total plan assets at beginning of year2022-12-31$597,117
Other income received2022-12-31$-36,352
Net income (gross income less expenses)2022-12-31$-597,117
Net plan assets at end of year (total assets less liabilities)2022-12-31$0
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$597,117
Total contributions received or receivable from employer(s)2022-12-31$0
2021 : WAYNE'S AUTO SALES, INC PROFIT SHARING 401K PLAN 2021 401k financial data
Total income from all sources2021-12-31$51,470
Expenses. Total of all expenses incurred2021-12-31$982
Benefits paid (including direct rollovers)2021-12-31$982
Total plan assets at end of year2021-12-31$597,117
Total plan assets at beginning of year2021-12-31$546,629
Value of fidelity bond covering the plan2021-12-31$57,000
Other income received2021-12-31$27,366
Net income (gross income less expenses)2021-12-31$50,488
Net plan assets at end of year (total assets less liabilities)2021-12-31$597,117
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$546,629
Total contributions received or receivable from employer(s)2021-12-31$24,104
2020 : WAYNE'S AUTO SALES, INC PROFIT SHARING 401K PLAN 2020 401k financial data
Total income from all sources2020-12-31$-14,658
Total plan assets at end of year2020-12-31$546,629
Total plan assets at beginning of year2020-12-31$561,287
Value of fidelity bond covering the plan2020-12-31$57,000
Other income received2020-12-31$-52,545
Net income (gross income less expenses)2020-12-31$-14,658
Net plan assets at end of year (total assets less liabilities)2020-12-31$546,629
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$561,287
Total contributions received or receivable from employer(s)2020-12-31$37,887
2019 : WAYNE'S AUTO SALES, INC PROFIT SHARING 401K PLAN 2019 401k financial data
Total income from all sources2019-12-31$118,093
Expenses. Total of all expenses incurred2019-12-31$867,720
Benefits paid (including direct rollovers)2019-12-31$865,698
Total plan assets at end of year2019-12-31$561,287
Total plan assets at beginning of year2019-12-31$1,310,914
Value of fidelity bond covering the plan2019-12-31$132,000
Total contributions received or receivable from participants2019-12-31$0
Other income received2019-12-31$107,080
Net income (gross income less expenses)2019-12-31$-749,627
Net plan assets at end of year (total assets less liabilities)2019-12-31$561,287
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$1,310,914
Total contributions received or receivable from employer(s)2019-12-31$11,013
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$2,022
2018 : WAYNE'S AUTO SALES, INC PROFIT SHARING 401K PLAN 2018 401k financial data
Total income from all sources2018-12-31$126,124
Expenses. Total of all expenses incurred2018-12-31$2,058
Total plan assets at end of year2018-12-31$1,310,914
Total plan assets at beginning of year2018-12-31$1,186,848
Value of fidelity bond covering the plan2018-12-31$119,000
Total contributions received or receivable from participants2018-12-31$24,500
Other income received2018-12-31$32,131
Net income (gross income less expenses)2018-12-31$124,066
Net plan assets at end of year (total assets less liabilities)2018-12-31$1,310,914
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$1,186,848
Total contributions received or receivable from employer(s)2018-12-31$69,493
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$2,058
2017 : WAYNE'S AUTO SALES, INC PROFIT SHARING 401K PLAN 2017 401k financial data
Total income from all sources2017-12-31$175,725
Expenses. Total of all expenses incurred2017-12-31$1,632
Total plan assets at end of year2017-12-31$1,186,848
Total plan assets at beginning of year2017-12-31$1,012,755
Value of fidelity bond covering the plan2017-12-31$102,000
Other income received2017-12-31$162,732
Net income (gross income less expenses)2017-12-31$174,093
Net plan assets at end of year (total assets less liabilities)2017-12-31$1,186,848
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$1,012,755
Total contributions received or receivable from employer(s)2017-12-31$12,993
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$1,632
2016 : WAYNE'S AUTO SALES, INC PROFIT SHARING 401K PLAN 2016 401k financial data
Total income from all sources2016-12-31$172,187
Expenses. Total of all expenses incurred2016-12-31$1,223
Total plan assets at end of year2016-12-31$1,012,755
Total plan assets at beginning of year2016-12-31$841,791
Value of fidelity bond covering the plan2016-12-31$85,000
Total contributions received or receivable from participants2016-12-31$42,000
Other income received2016-12-31$52,604
Net income (gross income less expenses)2016-12-31$170,964
Net plan assets at end of year (total assets less liabilities)2016-12-31$1,012,755
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$841,791
Total contributions received or receivable from employer(s)2016-12-31$77,583
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$1,223
2015 : WAYNE'S AUTO SALES, INC PROFIT SHARING 401K PLAN 2015 401k financial data
Total income from all sources2015-12-31$122,331
Total plan assets at end of year2015-12-31$841,791
Total plan assets at beginning of year2015-12-31$719,460
Value of fidelity bond covering the plan2015-12-31$72,000
Total contributions received or receivable from participants2015-12-31$42,000
Other income received2015-12-31$3,176
Net income (gross income less expenses)2015-12-31$122,331
Net plan assets at end of year (total assets less liabilities)2015-12-31$841,791
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$719,460
Total contributions received or receivable from employer(s)2015-12-31$77,155
2014 : WAYNE'S AUTO SALES, INC PROFIT SHARING 401K PLAN 2014 401k financial data
Total income from all sources2014-12-31$121,765
Total plan assets at end of year2014-12-31$719,460
Total plan assets at beginning of year2014-12-31$597,695
Value of fidelity bond covering the plan2014-12-31$46,000
Total contributions received or receivable from participants2014-12-31$31,460
Other income received2014-12-31$38,042
Net income (gross income less expenses)2014-12-31$121,765
Net plan assets at end of year (total assets less liabilities)2014-12-31$719,460
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$597,695
Total contributions received or receivable from employer(s)2014-12-31$52,263
2013 : WAYNE'S AUTO SALES, INC PROFIT SHARING 401K PLAN 2013 401k financial data
Total income from all sources2013-12-31$222,123
Total plan assets at end of year2013-12-31$597,695
Total plan assets at beginning of year2013-12-31$375,572
Value of fidelity bond covering the plan2013-12-31$46,000
Total contributions received or receivable from participants2013-12-31$63,185
Other income received2013-12-31$73,732
Net income (gross income less expenses)2013-12-31$222,123
Net plan assets at end of year (total assets less liabilities)2013-12-31$597,695
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$375,572
Total contributions received or receivable from employer(s)2013-12-31$85,206
2012 : WAYNE'S AUTO SALES, INC PROFIT SHARING 401K PLAN 2012 401k financial data
Total plan liabilities at beginning of year2012-12-31$58
Total income from all sources2012-12-31$109,535
Expenses. Total of all expenses incurred2012-12-31$10,990
Benefits paid (including direct rollovers)2012-12-31$10,990
Total plan assets at end of year2012-12-31$375,572
Total plan assets at beginning of year2012-12-31$277,085
Value of fidelity bond covering the plan2012-12-31$24,000
Total contributions received or receivable from participants2012-12-31$31,165
Other income received2012-12-31$40,787
Net income (gross income less expenses)2012-12-31$98,545
Net plan assets at end of year (total assets less liabilities)2012-12-31$375,572
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$277,027
Total contributions received or receivable from employer(s)2012-12-31$37,583

Form 5500 Responses for WAYNE'S AUTO SALES, INC PROFIT SHARING 401K PLAN

2022: WAYNE'S AUTO SALES, INC PROFIT SHARING 401K PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01This submission is the final filingYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: WAYNE'S AUTO SALES, INC PROFIT SHARING 401K PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: WAYNE'S AUTO SALES, INC PROFIT SHARING 401K PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: WAYNE'S AUTO SALES, INC PROFIT SHARING 401K PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: WAYNE'S AUTO SALES, INC PROFIT SHARING 401K PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: WAYNE'S AUTO SALES, INC PROFIT SHARING 401K PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: WAYNE'S AUTO SALES, INC PROFIT SHARING 401K PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: WAYNE'S AUTO SALES, INC PROFIT SHARING 401K PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: WAYNE'S AUTO SALES, INC PROFIT SHARING 401K PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: WAYNE'S AUTO SALES, INC PROFIT SHARING 401K PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: WAYNE'S AUTO SALES, INC PROFIT SHARING 401K PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract number891-80005
Policy instance 1
NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract number891-80005
Policy instance 1
NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract number891-80005
Policy instance 1
NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract number891-80005
Policy instance 1

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