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FT. MYERS TOYOTA 401(K) SAVINGS PLAN 401k Plan overview

Plan NameFT. MYERS TOYOTA 401(K) SAVINGS PLAN
Plan identification number 001

FT. MYERS TOYOTA 401(K) SAVINGS 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.
  • 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

FT. MYERS TOYOTA, INC. has sponsored the creation of one or more 401k plans.

Company Name:FT. MYERS TOYOTA, INC.
Employer identification number (EIN):650061441
NAIC Classification:441110
NAIC Description:New Car Dealers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FT. MYERS TOYOTA 401(K) SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012011-01-01NANCY KORISTA
0012009-01-01NANCY KORISTA

Plan Statistics for FT. MYERS TOYOTA 401(K) SAVINGS PLAN

401k plan membership statisitcs for FT. MYERS TOYOTA 401(K) SAVINGS PLAN

Measure Date Value
2011: FT. MYERS TOYOTA 401(K) SAVINGS PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01255
Total number of active participants reported on line 7a of the Form 55002011-01-010
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 participants2011-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-010
Number of participants with account balances2011-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2009: FT. MYERS TOYOTA 401(K) SAVINGS PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01303
Total number of active participants reported on line 7a of the Form 55002009-01-01232
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0136
Total of all active and inactive participants2009-01-01268
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01268
Number of participants with account balances2009-01-0172
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-0110

Financial Data on FT. MYERS TOYOTA 401(K) SAVINGS PLAN

Measure Date Value
2011 : FT. MYERS TOYOTA 401(K) SAVINGS PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-11-30$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-11-30$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-11-30$0
Total income from all sources (including contributions)2011-11-30$12,826
Total loss/gain on sale of assets2011-11-30$0
Total of all expenses incurred2011-11-30$742,609
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-11-30$742,586
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-11-30$2,659
Value of total assets at end of year2011-11-30$0
Value of total assets at beginning of year2011-11-30$729,783
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-11-30$23
Total interest from all sources2011-11-30$950
Total dividends received (eg from common stock, registered investment company shares)2011-11-30$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-11-30Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2011-11-30$0
Assets. Real estate other than employer real property at beginning of year2011-11-30$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2011-11-30$0
Was this plan covered by a fidelity bond2011-11-30Yes
Value of fidelity bond cover2011-11-30$100,000
If this is an individual account plan, was there a blackout period2011-11-30No
Were there any nonexempt tranactions with any party-in-interest2011-11-30No
Contributions received from participants2011-11-30$2,659
Participant contributions at beginning of year2011-11-30$8,547
Participant contributions at beginning of year2011-11-30$0
Assets. Other investments not covered elsewhere at beginning of year2011-11-30$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2011-11-30$0
Assets. Loans (other than to participants) at beginning of year2011-11-30$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2011-11-30$0
Liabilities. Value of operating payables at beginning of year2011-11-30$0
Total non interest bearing cash at beginning of year2011-11-30$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-11-30No
Value of net income/loss2011-11-30$-729,783
Value of net assets at end of year (total assets less liabilities)2011-11-30$0
Value of net assets at beginning of year (total assets less liabilities)2011-11-30$729,783
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-11-30No
Were any loans by the plan or fixed income obligations due to the plan in default2011-11-30No
Were any leases to which the plan was party in default or uncollectible2011-11-30No
Assets. partnership/joint venture interests at beginning of year2011-11-30$0
Investment advisory and management fees2011-11-30$23
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-11-30$0
Value of interest in pooled separate accounts at beginning of year2011-11-30$604,117
Interest on participant loans2011-11-30$49
Interest earned on other investments2011-11-30$901
Value of interest in master investment trust accounts at beginning of year2011-11-30$0
Value of interest in common/collective trusts at beginning of year2011-11-30$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-11-30$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-11-30$0
Assets. Value of investments in 103.12 investment entities at beginning of year2011-11-30$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2011-11-30$117,119
Asset value of US Government securities at beginning of year2011-11-30$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-11-30$9,217
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-11-30No
Was there a failure to transmit to the plan any participant contributions2011-11-30No
Has the plan failed to provide any benefit when due under the plan2011-11-30No
Assets. Invements in employer securities at beginning of year2011-11-30$0
Assets. Value of employer real property at beginning of year2011-11-30$0
Employer contributions (assets) at beginning of year2011-11-30$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-11-30$742,586
Asset. Corporate debt instrument preferred debt at beginning of year2011-11-30$0
Asset. Corporate debt instrument debt (other) at beginning of year2011-11-30$0
Contract administrator fees2011-11-30$0
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32011-11-30No
Assets. Corporate common stocks other than exployer securities at beginning of year2011-11-30$0
Liabilities. Value of benefit claims payable at beginning of year2011-11-30$0
Assets. Value of buildings and other operty used in plan operation at beginning of year2011-11-30$0
Did the plan have assets held for investment2011-11-30No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-11-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-11-30Yes
Liabilities. Value of acquisition indebtedness at beginning of year2011-11-30$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-11-30Yes
Opinion of an independent qualified public accountant for this plan2011-11-30Disclaimer
Accountancy firm name2011-11-30SPIRES AND ASSOCIATES
Accountancy firm EIN2011-11-30650865523
2010 : FT. MYERS TOYOTA 401(K) SAVINGS PLAN 2010 401k financial data
Unrealized appreciation/depreciation of real estate assets2010-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2010-12-31$0
Total unrealized appreciation/depreciation of assets2010-12-31$0
Total transfer of assets to this plan2010-12-31$0
Total transfer of assets from this plan2010-12-31$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
Expenses. Interest paid2010-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022010-12-31$0
Total income from all sources (including contributions)2010-12-31$152,243
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$377,337
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$372,111
Expenses. Certain deemed distributions of participant loans2010-12-31$5,176
Value of total corrective distributions2010-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$51,756
Value of total assets at end of year2010-12-31$729,783
Value of total assets at beginning of year2010-12-31$954,877
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$50
Total income from rents2010-12-31$0
Total interest from all sources2010-12-31$3,138
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 year2010-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$0
Assets. Real estate other than employer real property at end of year2010-12-31$0
Assets. Real estate other than employer real property at beginning of year2010-12-31$0
Administrative expenses professional fees incurred2010-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at end of year2010-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2010-12-31$0
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$100,000
If this is an individual account plan, was there a blackout period2010-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$51,756
Participant contributions at end of year2010-12-31$8,547
Participant contributions at beginning of year2010-12-31$15,808
Participant contributions at end of year2010-12-31$0
Participant contributions at beginning of year2010-12-31$0
Assets. Other investments not covered elsewhere at end of year2010-12-31$0
Assets. Other investments not covered elsewhere at beginning of year2010-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$0
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2010-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2010-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2010-12-31$0
Assets. Loans (other than to participants) at end of year2010-12-31$0
Assets. Loans (other than to participants) at beginning of year2010-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2010-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2010-12-31$0
Other income not declared elsewhere2010-12-31$0
Administrative expenses (other) incurred2010-12-31$0
Total non interest bearing cash at end of year2010-12-31$0
Total non interest bearing cash at beginning of year2010-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Income. Non cash contributions2010-12-31$0
Value of net income/loss2010-12-31$-225,094
Value of net assets at end of year (total assets less liabilities)2010-12-31$729,783
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$954,877
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Assets. partnership/joint venture interests at end of year2010-12-31$0
Assets. partnership/joint venture interests at beginning of year2010-12-31$0
Investment advisory and management fees2010-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$0
Value of interest in pooled separate accounts at end of year2010-12-31$604,117
Value of interest in pooled separate accounts at beginning of year2010-12-31$831,399
Interest on participant loans2010-12-31$257
Income. Interest from loans (other than to participants)2010-12-31$0
Interest earned on other investments2010-12-31$2,881
Income. Interest from US Government securities2010-12-31$0
Income. Interest from corporate debt instruments2010-12-31$0
Value of interest in master investment trust accounts at end of year2010-12-31$0
Value of interest in master investment trust accounts at beginning of year2010-12-31$0
Value of interest in common/collective trusts at end of year2010-12-31$0
Value of interest in common/collective trusts at beginning of year2010-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$0
Assets. Value of investments in 103.12 investment entities at end of year2010-12-31$0
Assets. Value of investments in 103.12 investment entities at beginning of year2010-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2010-12-31$117,119
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2010-12-31$107,670
Expenses. Payments to insurance carriers foe the provision of benefits2010-12-31$0
Asset value of US Government securities at end of year2010-12-31$0
Asset value of US Government securities at beginning of year2010-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$0
Net investment gain/loss from pooled separate accounts2010-12-31$97,349
Net investment gain or loss from common/collective trusts2010-12-31$0
Net gain/loss from 103.12 investment entities2010-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Assets. Invements in employer securities at end of year2010-12-31$0
Assets. Invements in employer securities at beginning of year2010-12-31$0
Assets. Value of employer real property at end of year2010-12-31$0
Assets. Value of employer real property at beginning of year2010-12-31$0
Contributions received in cash from employer2010-12-31$0
Employer contributions (assets) at end of year2010-12-31$0
Employer contributions (assets) at beginning of year2010-12-31$0
Income. Dividends from preferred stock2010-12-31$0
Income. Dividends from common stock2010-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$372,111
Asset. Corporate debt instrument preferred debt at end of year2010-12-31$0
Asset. Corporate debt instrument preferred debt at beginning of year2010-12-31$0
Asset. Corporate debt instrument debt (other) at end of year2010-12-31$0
Asset. Corporate debt instrument debt (other) at beginning of year2010-12-31$0
Contract administrator fees2010-12-31$50
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32010-12-31No
Assets. Corporate common stocks other than exployer securities at end of year2010-12-31$0
Assets. Corporate common stocks other than exployer securities at beginning of year2010-12-31$0
Liabilities. Value of benefit claims payable at end of year2010-12-31$0
Liabilities. Value of benefit claims payable at beginning of year2010-12-31$0
Assets. Value of buildings and other operty used in plan operation at end of year2010-12-31$0
Assets. Value of buildings and other operty used in plan operation at beginning of year2010-12-31$0
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Aggregate proceeds on sale of assets2010-12-31$0
Aggregate carrying amount (costs) on sale of assets2010-12-31$0
Liabilities. Value of acquisition indebtedness at end of year2010-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2010-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31SPIRES AND ASSOCIATES
Accountancy firm EIN2010-12-31650865523
2009 : FT. MYERS TOYOTA 401(K) SAVINGS PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for FT. MYERS TOYOTA 401(K) SAVINGS PLAN

2011: FT. MYERS TOYOTA 401(K) SAVINGS PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingYes
2011-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – InsuranceYes
2011-01-01Plan benefit arrangement – InsuranceYes
2009: FT. MYERS TOYOTA 401(K) SAVINGS PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan benefit arrangement – InsuranceYes

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