401k Plan data: GEM CARS, INC. 401(K) PLAN plan

GEM CARS, INC. 401(K) PLAN 401k Plan overview

Plan Name	GEM CARS, INC. 401(K) PLAN
Plan identification number	001

GEM CARS, INC. 401(K) 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.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

GEM CARS, INC. has sponsored the creation of one or more 401k plans.

Company Name: GEM CARS, INC.

Employer identification number (EIN): 752052818

NAIC Classification: 441120
NAIC Description: Used Car Dealers

Additional information about GEM CARS, INC.

Jurisdiction of Incorporation: Texas Secretary of State

Incorporation Date: 1985-06-18

Company Identification Number: 0075626900

Legal Registered Office Address: 12182 GARLAND RD

DALLAS
United States of America (USA)
75218

More information about GEM CARS, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan GEM CARS, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2023-01-01
001 2022-01-01
001 2021-01-01
001 2020-01-01
001 2019-01-01
001 2018-01-01
001 2017-01-01 MARK MCCURRY
001 2016-01-01 MARK MCCURRY
001 2015-01-01 MARK MCCURRY
001 2014-01-01 MARK MCCURRY
001 2013-01-01 MARK MCCURRY 2014-09-29
001 2012-01-01 MARK MCCURRY

Plan Statistics for GEM CARS, INC. 401(K) PLAN

401k plan membership statisitcs for GEM CARS, INC. 401(K) PLAN

Measure Date Value
2023: GEM CARS, INC. 401(K) PLAN 2023 401k membership
Total participants, beginning-of-year 2023-01-01 17
Total number of active participants reported on line 7a of the Form 5500 2023-01-01 14
Number of retired or separated participants receiving benefits 2023-01-01 0
Number of other retired or separated participants entitled to future benefits 2023-01-01 3
Total of all active and inactive participants 2023-01-01 17
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2023-01-01 0
Total participants 2023-01-01 17
Number of participants with account balances 2023-01-01 12
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2023-01-01 0
2022: GEM CARS, INC. 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 19
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 17
Number of retired or separated participants receiving benefits 2022-01-01 1
Number of other retired or separated participants entitled to future benefits 2022-01-01 0
Total of all active and inactive participants 2022-01-01 18
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 18
Number of participants with account balances 2022-01-01 12
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 0
2021: GEM CARS, INC. 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 18
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 14
Number of retired or separated participants receiving benefits 2021-01-01 1
Number of other retired or separated participants entitled to future benefits 2021-01-01 3
Total of all active and inactive participants 2021-01-01 18
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 18
Number of participants with account balances 2021-01-01 12
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 0
2020: GEM CARS, INC. 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 17
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 14
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 2
Total of all active and inactive participants 2020-01-01 16
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 16
Number of participants with account balances 2020-01-01 11
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 0
2019: GEM CARS, INC. 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 17
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 15
Number of retired or separated participants receiving benefits 2019-01-01 1
Number of other retired or separated participants entitled to future benefits 2019-01-01 1
Total of all active and inactive participants 2019-01-01 17
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 17
Number of participants with account balances 2019-01-01 12
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 1
2018: GEM CARS, INC. 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year 2018-01-01 19
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 15
Number of retired or separated participants receiving benefits 2018-01-01 1
Number of other retired or separated participants entitled to future benefits 2018-01-01 1
Total of all active and inactive participants 2018-01-01 17
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-01-01 0
Total participants 2018-01-01 17
Number of participants with account balances 2018-01-01 12
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-01-01 1
2017: GEM CARS, INC. 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year 2017-01-01 18
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 17
Number of retired or separated participants receiving benefits 2017-01-01 0
Number of other retired or separated participants entitled to future benefits 2017-01-01 1
Total of all active and inactive participants 2017-01-01 18
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-01-01 0
Total participants 2017-01-01 18
Number of participants with account balances 2017-01-01 12
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 0
2016: GEM CARS, INC. 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year 2016-01-01 17
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 15
Number of retired or separated participants receiving benefits 2016-01-01 0
Number of other retired or separated participants entitled to future benefits 2016-01-01 2
Total of all active and inactive participants 2016-01-01 17
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2016-01-01 0
Total participants 2016-01-01 17
Number of participants with account balances 2016-01-01 12
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-01-01 0
2015: GEM CARS, INC. 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year 2015-01-01 16
Total number of active participants reported on line 7a of the Form 5500 2015-01-01 15
Number of retired or separated participants receiving benefits 2015-01-01 1
Number of other retired or separated participants entitled to future benefits 2015-01-01 2
Total of all active and inactive participants 2015-01-01 18
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2015-01-01 0
Total participants 2015-01-01 18
Number of participants with account balances 2015-01-01 12
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2015-01-01 0
2014: GEM CARS, INC. 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year 2014-01-01 17
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 14
Number of retired or separated participants receiving benefits 2014-01-01 0
Number of other retired or separated participants entitled to future benefits 2014-01-01 0
Total of all active and inactive participants 2014-01-01 14
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-01-01 0
Total participants 2014-01-01 14
Number of participants with account balances 2014-01-01 9
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 0
2012: GEM CARS, INC. 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year 2012-01-01 19
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 17
Number of retired or separated participants receiving benefits 2012-01-01 0
Number of other retired or separated participants entitled to future benefits 2012-01-01 1
Total of all active and inactive participants 2012-01-01 18
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 18
Number of participants with account balances 2012-01-01 12
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 0

Measure	Date	Value
2023: GEM CARS, INC. 401(K) PLAN 2023 401k membership
Total participants, beginning-of-year	2023-01-01	17
Total number of active participants reported on line 7a of the Form 5500	2023-01-01	14
Number of retired or separated participants receiving benefits	2023-01-01	0
Number of other retired or separated participants entitled to future benefits	2023-01-01	3
Total of all active and inactive participants	2023-01-01	17
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2023-01-01	0
Total participants	2023-01-01	17
Number of participants with account balances	2023-01-01	12
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2023-01-01	0
2022: GEM CARS, INC. 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	19
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	17
Number of retired or separated participants receiving benefits	2022-01-01	1
Number of other retired or separated participants entitled to future benefits	2022-01-01	0
Total of all active and inactive participants	2022-01-01	18
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	18
Number of participants with account balances	2022-01-01	12
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	0
2021: GEM CARS, INC. 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	18
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	14
Number of retired or separated participants receiving benefits	2021-01-01	1
Number of other retired or separated participants entitled to future benefits	2021-01-01	3
Total of all active and inactive participants	2021-01-01	18
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	18
Number of participants with account balances	2021-01-01	12
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	0
2020: GEM CARS, INC. 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	17
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	14
Number of retired or separated participants receiving benefits	2020-01-01	0
Number of other retired or separated participants entitled to future benefits	2020-01-01	2
Total of all active and inactive participants	2020-01-01	16
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	16
Number of participants with account balances	2020-01-01	11
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	0
2019: GEM CARS, INC. 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	17
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	15
Number of retired or separated participants receiving benefits	2019-01-01	1
Number of other retired or separated participants entitled to future benefits	2019-01-01	1
Total of all active and inactive participants	2019-01-01	17
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	17
Number of participants with account balances	2019-01-01	12
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	1
2018: GEM CARS, INC. 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year	2018-01-01	19
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	15
Number of retired or separated participants receiving benefits	2018-01-01	1
Number of other retired or separated participants entitled to future benefits	2018-01-01	1
Total of all active and inactive participants	2018-01-01	17
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-01-01	0
Total participants	2018-01-01	17
Number of participants with account balances	2018-01-01	12
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	1
2017: GEM CARS, INC. 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year	2017-01-01	18
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	17
Number of retired or separated participants receiving benefits	2017-01-01	0
Number of other retired or separated participants entitled to future benefits	2017-01-01	1
Total of all active and inactive participants	2017-01-01	18
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	0
Total participants	2017-01-01	18
Number of participants with account balances	2017-01-01	12
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	0
2016: GEM CARS, INC. 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year	2016-01-01	17
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	15
Number of retired or separated participants receiving benefits	2016-01-01	0
Number of other retired or separated participants entitled to future benefits	2016-01-01	2
Total of all active and inactive participants	2016-01-01	17
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-01-01	0
Total participants	2016-01-01	17
Number of participants with account balances	2016-01-01	12
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-01-01	0
2015: GEM CARS, INC. 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year	2015-01-01	16
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	15
Number of retired or separated participants receiving benefits	2015-01-01	1
Number of other retired or separated participants entitled to future benefits	2015-01-01	2
Total of all active and inactive participants	2015-01-01	18
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-01-01	0
Total participants	2015-01-01	18
Number of participants with account balances	2015-01-01	12
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-01-01	0
2014: GEM CARS, INC. 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year	2014-01-01	17
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	14
Number of retired or separated participants receiving benefits	2014-01-01	0
Number of other retired or separated participants entitled to future benefits	2014-01-01	0
Total of all active and inactive participants	2014-01-01	14
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-01-01	0
Total participants	2014-01-01	14
Number of participants with account balances	2014-01-01	9
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	0
2012: GEM CARS, INC. 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year	2012-01-01	19
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	17
Number of retired or separated participants receiving benefits	2012-01-01	0
Number of other retired or separated participants entitled to future benefits	2012-01-01	1
Total of all active and inactive participants	2012-01-01	18
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	18
Number of participants with account balances	2012-01-01	12
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	0

Financial Data on GEM CARS, INC. 401(K) PLAN

Measure	Date	Value
2023 : GEM CARS, INC. 401(K) PLAN 2023 401k financial data
Transfers to/from the plan	2023-12-31	$0
Total plan liabilities at end of year	2023-12-31	$0
Total plan liabilities at beginning of year	2023-12-31	$0
Total income from all sources	2023-12-31	$256,373
Expenses. Total of all expenses incurred	2023-12-31	$11,156
Benefits paid (including direct rollovers)	2023-12-31	$10,736
Total plan assets at end of year	2023-12-31	$1,587,167
Total plan assets at beginning of year	2023-12-31	$1,341,950
Value of fidelity bond covering the plan	2023-12-31	$300,000
Total contributions received or receivable from participants	2023-12-31	$60,150
Expenses. Other expenses not covered elsewhere	2023-12-31	$0
Other income received	2023-12-31	$155,359
Noncash contributions received	2023-12-31	$0
Net income (gross income less expenses)	2023-12-31	$245,217
Net plan assets at end of year (total assets less liabilities)	2023-12-31	$1,587,167
Net plan assets at beginning of year (total assets less liabilities)	2023-12-31	$1,341,950
Assets. Value of participant loans	2023-12-31	$19,503
Assets. Value of employer securities	2023-12-31	$256,167
Total contributions received or receivable from employer(s)	2023-12-31	$40,864
Value of certain deemed distributions of participant loans	2023-12-31	$0
Value of corrective distributions	2023-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2023-12-31	$420
2022 : GEM CARS, INC. 401(K) PLAN 2022 401k financial data
Total plan liabilities at end of year	2022-12-31	$0
Total plan liabilities at beginning of year	2022-12-31	$0
Total income from all sources	2022-12-31	$-44,642
Expenses. Total of all expenses incurred	2022-12-31	$10,834
Benefits paid (including direct rollovers)	2022-12-31	$10,144
Total plan assets at end of year	2022-12-31	$1,341,950
Total plan assets at beginning of year	2022-12-31	$1,397,426
Value of fidelity bond covering the plan	2022-12-31	$300,000
Total contributions received or receivable from participants	2022-12-31	$43,995
Expenses. Other expenses not covered elsewhere	2022-12-31	$0
Contributions received from other sources (not participants or employers)	2022-12-31	$0
Other income received	2022-12-31	$-113,914
Noncash contributions received	2022-12-31	$0
Net income (gross income less expenses)	2022-12-31	$-55,476
Net plan assets at end of year (total assets less liabilities)	2022-12-31	$1,341,950
Net plan assets at beginning of year (total assets less liabilities)	2022-12-31	$1,397,426
Assets. Value of participant loans	2022-12-31	$33,148
Assets. Value of employer securities	2022-12-31	$256,167
Total contributions received or receivable from employer(s)	2022-12-31	$25,277
Value of certain deemed distributions of participant loans	2022-12-31	$0
Value of corrective distributions	2022-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2022-12-31	$690
2021 : GEM CARS, INC. 401(K) PLAN 2021 401k financial data
Total plan liabilities at end of year	2021-12-31	$0
Total plan liabilities at beginning of year	2021-12-31	$0
Total income from all sources	2021-12-31	$134,720
Expenses. Total of all expenses incurred	2021-12-31	$64,415
Benefits paid (including direct rollovers)	2021-12-31	$64,090
Total plan assets at end of year	2021-12-31	$1,397,426
Total plan assets at beginning of year	2021-12-31	$1,327,121
Value of fidelity bond covering the plan	2021-12-31	$300,000
Total contributions received or receivable from participants	2021-12-31	$36,433
Expenses. Other expenses not covered elsewhere	2021-12-31	$0
Contributions received from other sources (not participants or employers)	2021-12-31	$0
Other income received	2021-12-31	$79,602
Noncash contributions received	2021-12-31	$0
Net income (gross income less expenses)	2021-12-31	$70,305
Net plan assets at end of year (total assets less liabilities)	2021-12-31	$1,397,426
Net plan assets at beginning of year (total assets less liabilities)	2021-12-31	$1,327,121
Assets. Value of participant loans	2021-12-31	$35,602
Assets. Value of employer securities	2021-12-31	$256,167
Total contributions received or receivable from employer(s)	2021-12-31	$18,685
Value of certain deemed distributions of participant loans	2021-12-31	$0
Value of corrective distributions	2021-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2021-12-31	$325
2020 : GEM CARS, INC. 401(K) PLAN 2020 401k financial data
Total income from all sources	2020-12-31	$67,063
Expenses. Total of all expenses incurred	2020-12-31	$17,334
Benefits paid (including direct rollovers)	2020-12-31	$16,769
Total plan assets at end of year	2020-12-31	$1,327,121
Total plan assets at beginning of year	2020-12-31	$1,277,392
Value of fidelity bond covering the plan	2020-12-31	$300,000
Total contributions received or receivable from participants	2020-12-31	$16,569
Other income received	2020-12-31	$22,991
Net income (gross income less expenses)	2020-12-31	$49,729
Net plan assets at end of year (total assets less liabilities)	2020-12-31	$1,327,121
Net plan assets at beginning of year (total assets less liabilities)	2020-12-31	$1,277,392
Assets. Value of participant loans	2020-12-31	$34,200
Assets. Value of employer securities	2020-12-31	$256,167
Total contributions received or receivable from employer(s)	2020-12-31	$27,503
Expenses. Administrative service providers (salaries,fees and commissions)	2020-12-31	$565
2019 : GEM CARS, INC. 401(K) PLAN 2019 401k financial data
Total income from all sources	2019-12-31	$130,568
Expenses. Total of all expenses incurred	2019-12-31	$10,229
Benefits paid (including direct rollovers)	2019-12-31	$9,914
Total plan assets at end of year	2019-12-31	$1,277,392
Total plan assets at beginning of year	2019-12-31	$1,157,053
Value of fidelity bond covering the plan	2019-12-31	$300,000
Total contributions received or receivable from participants	2019-12-31	$24,607
Other income received	2019-12-31	$84,029
Net income (gross income less expenses)	2019-12-31	$120,339
Net plan assets at end of year (total assets less liabilities)	2019-12-31	$1,277,392
Net plan assets at beginning of year (total assets less liabilities)	2019-12-31	$1,157,053
Assets. Value of participant loans	2019-12-31	$39,587
Assets. Value of employer securities	2019-12-31	$299,314
Total contributions received or receivable from employer(s)	2019-12-31	$21,932
Expenses. Administrative service providers (salaries,fees and commissions)	2019-12-31	$315
2018 : GEM CARS, INC. 401(K) PLAN 2018 401k financial data
Total income from all sources	2018-12-31	$17,385
Expenses. Total of all expenses incurred	2018-12-31	$25,322
Benefits paid (including direct rollovers)	2018-12-31	$24,667
Total plan assets at end of year	2018-12-31	$1,157,053
Total plan assets at beginning of year	2018-12-31	$1,164,990
Value of fidelity bond covering the plan	2018-12-31	$300,000
Total contributions received or receivable from participants	2018-12-31	$60,697
Contributions received from other sources (not participants or employers)	2018-12-31	$0
Other income received	2018-12-31	$-77,244
Net income (gross income less expenses)	2018-12-31	$-7,937
Net plan assets at end of year (total assets less liabilities)	2018-12-31	$1,157,053
Net plan assets at beginning of year (total assets less liabilities)	2018-12-31	$1,164,990
Assets. Value of participant loans	2018-12-31	$48,502
Assets. Value of employer securities	2018-12-31	$299,314
Total contributions received or receivable from employer(s)	2018-12-31	$33,932
Value of certain deemed distributions of participant loans	2018-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2018-12-31	$655
2017 : GEM CARS, INC. 401(K) PLAN 2017 401k financial data
Total income from all sources	2017-12-31	$21,688
Expenses. Total of all expenses incurred	2017-12-31	$21,830
Benefits paid (including direct rollovers)	2017-12-31	$21,455
Total plan assets at end of year	2017-12-31	$1,164,990
Total plan assets at beginning of year	2017-12-31	$1,165,132
Value of fidelity bond covering the plan	2017-12-31	$300,000
Total contributions received or receivable from participants	2017-12-31	$46,531
Other income received	2017-12-31	$-53,387
Net income (gross income less expenses)	2017-12-31	$-142
Net plan assets at end of year (total assets less liabilities)	2017-12-31	$1,164,990
Net plan assets at beginning of year (total assets less liabilities)	2017-12-31	$1,165,132
Assets. Value of participant loans	2017-12-31	$7,572
Assets. Value of employer securities	2017-12-31	$299,314
Total contributions received or receivable from employer(s)	2017-12-31	$28,544
Expenses. Administrative service providers (salaries,fees and commissions)	2017-12-31	$375
2016 : GEM CARS, INC. 401(K) PLAN 2016 401k financial data
Total income from all sources	2016-12-31	$163,863
Expenses. Total of all expenses incurred	2016-12-31	$15,340
Benefits paid (including direct rollovers)	2016-12-31	$15,140
Total plan assets at end of year	2016-12-31	$1,165,132
Total plan assets at beginning of year	2016-12-31	$1,016,609
Value of fidelity bond covering the plan	2016-12-31	$300,000
Total contributions received or receivable from participants	2016-12-31	$44,755
Contributions received from other sources (not participants or employers)	2016-12-31	$307
Other income received	2016-12-31	$90,163
Net income (gross income less expenses)	2016-12-31	$148,523
Net plan assets at end of year (total assets less liabilities)	2016-12-31	$1,165,132
Net plan assets at beginning of year (total assets less liabilities)	2016-12-31	$1,016,609
Assets. Value of participant loans	2016-12-31	$9,199
Assets. Value of employer securities	2016-12-31	$299,314
Total contributions received or receivable from employer(s)	2016-12-31	$28,638
Expenses. Administrative service providers (salaries,fees and commissions)	2016-12-31	$200
2015 : GEM CARS, INC. 401(K) PLAN 2015 401k financial data
Total income from all sources	2015-12-31	$67,319
Expenses. Total of all expenses incurred	2015-12-31	$16,665
Benefits paid (including direct rollovers)	2015-12-31	$16,465
Total plan assets at end of year	2015-12-31	$1,016,609
Total plan assets at beginning of year	2015-12-31	$965,955
Value of fidelity bond covering the plan	2015-12-31	$300,000
Total contributions received or receivable from participants	2015-12-31	$41,768
Other income received	2015-12-31	$309
Net income (gross income less expenses)	2015-12-31	$50,654
Net plan assets at end of year (total assets less liabilities)	2015-12-31	$1,016,609
Net plan assets at beginning of year (total assets less liabilities)	2015-12-31	$965,955
Assets. Value of employer securities	2015-12-31	$299,314
Total contributions received or receivable from employer(s)	2015-12-31	$25,242
Expenses. Administrative service providers (salaries,fees and commissions)	2015-12-31	$200
2014 : GEM CARS, INC. 401(K) PLAN 2014 401k financial data
Total income from all sources	2014-12-31	$81,998
Expenses. Total of all expenses incurred	2014-12-31	$20,992
Benefits paid (including direct rollovers)	2014-12-31	$20,592
Total plan assets at end of year	2014-12-31	$965,955
Total plan assets at beginning of year	2014-12-31	$904,949
Value of fidelity bond covering the plan	2014-12-31	$300,000
Total contributions received or receivable from participants	2014-12-31	$26,307
Other income received	2014-12-31	$31,496
Net income (gross income less expenses)	2014-12-31	$61,006
Net plan assets at end of year (total assets less liabilities)	2014-12-31	$965,955
Net plan assets at beginning of year (total assets less liabilities)	2014-12-31	$904,949
Assets. Value of employer securities	2014-12-31	$299,314
Total contributions received or receivable from employer(s)	2014-12-31	$24,195
Expenses. Administrative service providers (salaries,fees and commissions)	2014-12-31	$400
2012 : GEM CARS, INC. 401(K) PLAN 2012 401k financial data
Total income from all sources	2012-12-31	$290,382
Expenses. Total of all expenses incurred	2012-12-31	$31,062
Benefits paid (including direct rollovers)	2012-12-31	$31,062
Total plan assets at end of year	2012-12-31	$977,063
Total plan assets at beginning of year	2012-12-31	$717,743
Value of fidelity bond covering the plan	2012-12-31	$300,000
Total contributions received or receivable from participants	2012-12-31	$88,266
Contributions received from other sources (not participants or employers)	2012-12-31	$27,642
Other income received	2012-12-31	$134,428
Net income (gross income less expenses)	2012-12-31	$259,320
Net plan assets at end of year (total assets less liabilities)	2012-12-31	$977,063
Net plan assets at beginning of year (total assets less liabilities)	2012-12-31	$717,743
Assets. Value of employer securities	2012-12-31	$299,314
Total contributions received or receivable from employer(s)	2012-12-31	$40,046
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2012-12-31	$0

Form 5500 Responses for GEM CARS, INC. 401(K) PLAN

2023: GEM CARS, INC. 401(K) PLAN 2023 form 5500 responses
2023-01-01	Type of plan entity	Single employer plan
2023-01-01	Submission has been amended	No
2023-01-01	This submission is the final filing	No
2023-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2023-01-01	Plan is a collectively bargained plan	No
2023-01-01	Plan funding arrangement – Trust	Yes
2023-01-01	Plan benefit arrangement - Trust	Yes
2022: GEM CARS, INC. 401(K) PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	No
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: GEM CARS, INC. 401(K) PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: GEM CARS, INC. 401(K) PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: GEM CARS, INC. 401(K) PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: GEM CARS, INC. 401(K) PLAN 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes
2017: GEM CARS, INC. 401(K) PLAN 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes
2016: GEM CARS, INC. 401(K) PLAN 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes
2015: GEM CARS, INC. 401(K) PLAN 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes
2014: GEM CARS, INC. 401(K) PLAN 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes
2012: GEM CARS, INC. 401(K) PLAN 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Submission has been amended	No
2012-01-01	This submission is the final filing	No
2012-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2012-01-01	Plan is a collectively bargained plan	No
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes

Potentially related plans

GEM CARS, INC. 401(K) PLAN [EIN = 742052818]

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Company Name:	GEM CARS, INC.
Employer identification number (EIN):	752052818
NAIC Classification:	441120
NAIC Description:	Used Car Dealers

Jurisdiction of Incorporation:	Texas Secretary of State
Incorporation Date:	1985-06-18
Company Identification Number:	0075626900
Legal Registered Office Address:	12182 GARLAND RD DALLAS United States of America (USA) 75218