401k Plan data: SWANSON-FAHRNEY FORD SALES, INC. EMPLOYEE 401(K) PROFIT SHARING PLAN plan

SWANSON-FAHRNEY FORD SALES, INC. EMPLOYEE 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan Name	SWANSON-FAHRNEY FORD SALES, INC. EMPLOYEE 401(K) PROFIT SHARING PLAN
Plan identification number	001

SWANSON-FAHRNEY FORD SALES, INC. EMPLOYEE 401(K) PROFIT SHARING 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.
Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of 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.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

SWANSON-FAHRNEY FORD SALES, INC. has sponsored the creation of one or more 401k plans.

Company Name: SWANSON-FAHRNEY FORD SALES, INC.

Employer identification number (EIN): 942188636

NAIC Classification: 441110
NAIC Description: New Car Dealers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SWANSON-FAHRNEY FORD SALES, INC. EMPLOYEE 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2023-01-01 SCOTT FAHRNEY 2024-10-09 SCOTT FAHRNEY 2024-10-09
001 2022-01-01 SCOTT FAHRNEY 2023-10-13 SCOTT FAHRNEY 2023-10-13
001 2022-01-01 SCOTT FAHRNEY 2024-04-26 SCOTT FAHRNEY 2024-04-26
001 2021-01-01 SCOTT FAHRNEY 2023-01-03 SCOTT FAHRNEY 2023-01-03
001 2020-01-01 SCOTT FAHRNEY 2021-10-14 SCOTT FAHRNEY 2021-10-14
001 2019-01-01 SCOTT FAHRNEY 2020-07-30 SCOTT FAHRNEY 2020-07-30
001 2018-01-01 SCOTT FAHRNEY 2019-09-26
001 2017-01-01 SCOTT FAHRNEY 2018-10-12
001 2016-01-01 SCOTT FAHRNEY 2017-10-10
001 2015-01-01 SCOTT FAHRNEY 2016-10-07
001 2014-01-01 CHRISTINE WEBB 2015-10-13
001 2013-01-01 CHRISTINE WEBB 2014-10-15
001 2012-01-01 CHRISTINE WEBB 2013-10-14
001 2011-01-01 CHRISTINE WEBB 2012-07-30
001 2010-01-01 CHRISTINE WEBB 2011-10-17
001 2008-01-01 CHRISTINE WEBB

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2023-01-01	SCOTT FAHRNEY	2024-10-09	SCOTT FAHRNEY	2024-10-09
001	2022-01-01	SCOTT FAHRNEY	2023-10-13	SCOTT FAHRNEY	2023-10-13
001	2022-01-01	SCOTT FAHRNEY	2024-04-26	SCOTT FAHRNEY	2024-04-26
001	2021-01-01	SCOTT FAHRNEY	2023-01-03	SCOTT FAHRNEY	2023-01-03
001	2020-01-01	SCOTT FAHRNEY	2021-10-14	SCOTT FAHRNEY	2021-10-14
001	2019-01-01	SCOTT FAHRNEY	2020-07-30	SCOTT FAHRNEY	2020-07-30
001	2018-01-01	SCOTT FAHRNEY	2019-09-26
001	2017-01-01	SCOTT FAHRNEY	2018-10-12
001	2016-01-01	SCOTT FAHRNEY	2017-10-10
001	2015-01-01	SCOTT FAHRNEY	2016-10-07
001	2014-01-01	CHRISTINE WEBB	2015-10-13
001	2013-01-01	CHRISTINE WEBB	2014-10-15
001	2012-01-01	CHRISTINE WEBB	2013-10-14
001	2011-01-01	CHRISTINE WEBB	2012-07-30
001	2010-01-01	CHRISTINE WEBB	2011-10-17
001	2008-01-01	CHRISTINE WEBB

Plan Statistics for SWANSON-FAHRNEY FORD SALES, INC. EMPLOYEE 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for SWANSON-FAHRNEY FORD SALES, INC. EMPLOYEE 401(K) PROFIT SHARING PLAN

Measure Date Value
2023: SWANSON-FAHRNEY FORD SALES, INC. EMPLOYEE 401(K) PROFIT SHARING PLAN 2023 401k membership
Total participants, beginning-of-year 2023-01-01 200
Total number of active participants reported on line 7a of the Form 5500 2023-01-01 174
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 40
Total of all active and inactive participants 2023-01-01 214
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2023-01-01 0
Total participants 2023-01-01 214
Number of participants with account balances 2023-01-01 113
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2023-01-01 2
2022: SWANSON-FAHRNEY FORD SALES, INC. EMPLOYEE 401(K) PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 163
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 154
Number of retired or separated participants receiving benefits 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 35
Total of all active and inactive participants 2022-01-01 189
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 189
Number of participants with account balances 2022-01-01 105
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 4
2021: SWANSON-FAHRNEY FORD SALES, INC. EMPLOYEE 401(K) PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 126
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 83
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 35
Total of all active and inactive participants 2021-01-01 118
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 118
Number of participants with account balances 2021-01-01 77
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 4
2020: SWANSON-FAHRNEY FORD SALES, INC. EMPLOYEE 401(K) PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 113
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 73
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 40
Total of all active and inactive participants 2020-01-01 113
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 113
Number of participants with account balances 2020-01-01 78
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 1
2019: SWANSON-FAHRNEY FORD SALES, INC. EMPLOYEE 401(K) PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 118
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 52
Number of retired or separated participants receiving benefits 2019-01-01 0
Number of other retired or separated participants entitled to future benefits 2019-01-01 46
Total of all active and inactive participants 2019-01-01 98
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 98
Number of participants with account balances 2019-01-01 80
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 4
2008: SWANSON-FAHRNEY FORD SALES, INC. EMPLOYEE 401(K) PROFIT SHARING PLAN 2008 401k membership
Total participants, beginning-of-year 2008-01-01 102
Total number of active participants reported on line 7a of the Form 5500 2008-01-01 44
Number of retired or separated participants receiving benefits 2008-01-01 0
Number of other retired or separated participants entitled to future benefits 2008-01-01 54
Total of all active and inactive participants 2008-01-01 98
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2008-01-01 0
Total participants 2008-01-01 98
Number of participants with account balances 2008-01-01 98
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2008-01-01 11

Measure	Date	Value
2023: SWANSON-FAHRNEY FORD SALES, INC. EMPLOYEE 401(K) PROFIT SHARING PLAN 2023 401k membership
Total participants, beginning-of-year	2023-01-01	200
Total number of active participants reported on line 7a of the Form 5500	2023-01-01	174
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	40
Total of all active and inactive participants	2023-01-01	214
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2023-01-01	0
Total participants	2023-01-01	214
Number of participants with account balances	2023-01-01	113
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2023-01-01	2
2022: SWANSON-FAHRNEY FORD SALES, INC. EMPLOYEE 401(K) PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	163
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	154
Number of retired or separated participants receiving benefits	2022-01-01	0
Number of other retired or separated participants entitled to future benefits	2022-01-01	35
Total of all active and inactive participants	2022-01-01	189
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	189
Number of participants with account balances	2022-01-01	105
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	4
2021: SWANSON-FAHRNEY FORD SALES, INC. EMPLOYEE 401(K) PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	126
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	83
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	35
Total of all active and inactive participants	2021-01-01	118
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	118
Number of participants with account balances	2021-01-01	77
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	4
2020: SWANSON-FAHRNEY FORD SALES, INC. EMPLOYEE 401(K) PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	113
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	73
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	40
Total of all active and inactive participants	2020-01-01	113
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	113
Number of participants with account balances	2020-01-01	78
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	1
2019: SWANSON-FAHRNEY FORD SALES, INC. EMPLOYEE 401(K) PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	118
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	52
Number of retired or separated participants receiving benefits	2019-01-01	0
Number of other retired or separated participants entitled to future benefits	2019-01-01	46
Total of all active and inactive participants	2019-01-01	98
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	98
Number of participants with account balances	2019-01-01	80
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	4
2008: SWANSON-FAHRNEY FORD SALES, INC. EMPLOYEE 401(K) PROFIT SHARING PLAN 2008 401k membership
Total participants, beginning-of-year	2008-01-01	102
Total number of active participants reported on line 7a of the Form 5500	2008-01-01	44
Number of retired or separated participants receiving benefits	2008-01-01	0
Number of other retired or separated participants entitled to future benefits	2008-01-01	54
Total of all active and inactive participants	2008-01-01	98
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2008-01-01	0
Total participants	2008-01-01	98
Number of participants with account balances	2008-01-01	98
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2008-01-01	11

Financial Data on SWANSON-FAHRNEY FORD SALES, INC. EMPLOYEE 401(K) PROFIT SHARING PLAN

Measure	Date	Value
2023 : SWANSON-FAHRNEY FORD SALES, INC. EMPLOYEE 401(K) PROFIT SHARING PLAN 2023 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2023-12-31	$17,127
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2023-12-31	$3,237
Total income from all sources (including contributions)	2023-12-31	$2,097,542
Total loss/gain on sale of assets	2023-12-31	$0
Total of all expenses incurred	2023-12-31	$497,656
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2023-12-31	$454,429
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2023-12-31	$639,193
Value of total assets at end of year	2023-12-31	$8,879,148
Value of total assets at beginning of year	2023-12-31	$7,265,372
Total of administrative expenses incurred including professional, contract, advisory and management fees	2023-12-31	$43,227
Total interest from all sources	2023-12-31	$9,407
Total dividends received (eg from common stock, registered investment company shares)	2023-12-31	$157,269
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2023-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2023-12-31	$157,269
Was this plan covered by a fidelity bond	2023-12-31	Yes
Value of fidelity bond cover	2023-12-31	$500,000
If this is an individual account plan, was there a blackout period	2023-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2023-12-31	No
Contributions received from participants	2023-12-31	$504,447
Participant contributions at end of year	2023-12-31	$121,507
Participant contributions at beginning of year	2023-12-31	$90,524
Participant contributions at end of year	2023-12-31	$468
Participant contributions at beginning of year	2023-12-31	$726
Income. Received or receivable in cash from other sources (including rollovers)	2023-12-31	$59,600
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)	2023-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at end of year	2023-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2023-12-31	$0
Assets. Loans (other than to participants) at beginning of year	2023-12-31	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2023-12-31	$17,127
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2023-12-31	$3,237
Liabilities. Value of operating payables at beginning of year	2023-12-31	$0
Total non interest bearing cash at end of year	2023-12-31	$27,176
Total non interest bearing cash at beginning of year	2023-12-31	$28,342
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2023-12-31	No
Income. Non cash contributions	2023-12-31	$0
Value of net income/loss	2023-12-31	$1,599,886
Value of net assets at end of year (total assets less liabilities)	2023-12-31	$8,862,021
Value of net assets at beginning of year (total assets less liabilities)	2023-12-31	$7,262,135
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2023-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2023-12-31	No
Were any leases to which the plan was party in default or uncollectible	2023-12-31	No
Investment advisory and management fees	2023-12-31	$30,788
Value of interest in registered invesment companies (eg mutual funds) at end of year	2023-12-31	$8,650,438
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2023-12-31	$7,075,484
Value of interest in pooled separate accounts at beginning of year	2023-12-31	$0
Interest on participant loans	2023-12-31	$9,407
Income. Interest from loans (other than to participants)	2023-12-31	$0
Value of interest in master investment trust accounts at beginning of year	2023-12-31	$0
Value of interest in common/collective trusts at end of year	2023-12-31	$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2023-12-31	$4,413
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2023-12-31	$2,671
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2023-12-31	$2,671
Assets. Value of investments in 103.12 investment entities at beginning of year	2023-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2023-12-31	$1,291,673
Net gain/loss from 103.12 investment entities	2023-12-31	$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2023-12-31	No
Was there a failure to transmit to the plan any participant contributions	2023-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2023-12-31	No
Contributions received in cash from employer	2023-12-31	$75,146
Employer contributions (assets) at end of year	2023-12-31	$75,146
Employer contributions (assets) at beginning of year	2023-12-31	$67,625
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2023-12-31	$454,429
Contract administrator fees	2023-12-31	$2,685
Liabilities. Value of benefit claims payable at beginning of year	2023-12-31	$0
Did the plan have assets held for investment	2023-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2023-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2023-12-31	No
Aggregate proceeds on sale of assets	2023-12-31	$0
Opinion of an independent qualified public accountant for this plan	2023-12-31	Unqualified
Accountancy firm name	2023-12-31	FINCH ROWLAND SHOOPMAN
Accountancy firm EIN	2023-12-31	770183229
2022 : SWANSON-FAHRNEY FORD SALES, INC. EMPLOYEE 401(K) PROFIT SHARING PLAN 2022 401k financial data
Total transfer of assets to this plan	2022-12-31	$975,463
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$3,237
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$0
Total income from all sources (including contributions)	2022-12-31	$-1,027,671
Total of all expenses incurred	2022-12-31	$1,478,497
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$1,432,927
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$576,014
Value of total assets at end of year	2022-12-31	$7,245,098
Value of total assets at beginning of year	2022-12-31	$8,775,803
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$45,570
Total interest from all sources	2022-12-31	$4,356
Total dividends received (eg from common stock, registered investment company shares)	2022-12-31	$138,464
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2022-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2022-12-31	$138,464
Was this plan covered by a fidelity bond	2022-12-31	Yes
Value of fidelity bond cover	2022-12-31	$500,000
If this is an individual account plan, was there a blackout period	2022-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2022-12-31	No
Contributions received from participants	2022-12-31	$508,389
Participant contributions at end of year	2022-12-31	$90,524
Participant contributions at beginning of year	2022-12-31	$61,799
Participant contributions at end of year	2022-12-31	$726
Participant contributions at beginning of year	2022-12-31	$468
Value of other receiveables (less allowance for doubtful accounts) at end of year	2022-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2022-12-31	$-3,031
Assets. Loans (other than to participants) at end of year	2022-12-31	$0
Assets. Loans (other than to participants) at beginning of year	2022-12-31	$183,756
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2022-12-31	$3,237
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2022-12-31	$0
Liabilities. Value of operating payables at end of year	2022-12-31	$0
Total non interest bearing cash at end of year	2022-12-31	$0
Total non interest bearing cash at beginning of year	2022-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Value of net income/loss	2022-12-31	$-2,506,168
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$7,245,098
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$8,775,803
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2022-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2022-12-31	No
Were any leases to which the plan was party in default or uncollectible	2022-12-31	No
Investment advisory and management fees	2022-12-31	$45,570
Value of interest in registered invesment companies (eg mutual funds) at end of year	2022-12-31	$6,998,488
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2022-12-31	$6,019,267
Value of interest in pooled separate accounts at end of year	2022-12-31	$0
Value of interest in pooled separate accounts at beginning of year	2022-12-31	$2,451,499
Interest on participant loans	2022-12-31	$4,356
Income. Interest from loans (other than to participants)	2022-12-31	$0
Value of interest in master investment trust accounts at end of year	2022-12-31	$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2022-12-31	$87,735
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2022-12-31	$7,921
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2022-12-31	$7,921
Assets. Value of investments in 103.12 investment entities at end of year	2022-12-31	$0
Assets. Value of investments in 103.12 investment entities at beginning of year	2022-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2022-12-31	$-1,746,505
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2022-12-31	No
Was there a failure to transmit to the plan any participant contributions	2022-12-31	No
Has the plan failed to provide any benefit when due under the plan	2022-12-31	No
Contributions received in cash from employer	2022-12-31	$67,625
Employer contributions (assets) at end of year	2022-12-31	$67,625
Employer contributions (assets) at beginning of year	2022-12-31	$54,124
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$1,432,927
Liabilities. Value of benefit claims payable at end of year	2022-12-31	$0
Did the plan have assets held for investment	2022-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2022-12-31	No
Opinion of an independent qualified public accountant for this plan	2022-12-31	Disclaimer
Accountancy firm name	2022-12-31	FINCH ROWLAND SHOOPMAN
Accountancy firm EIN	2022-12-31	770183229
2021 : SWANSON-FAHRNEY FORD SALES, INC. EMPLOYEE 401(K) PROFIT SHARING PLAN 2021 401k financial data
Total income from all sources (including contributions)	2021-12-31	$1,582,816
Total of all expenses incurred	2021-12-31	$123,574
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$104,006
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$332,860
Value of total assets at end of year	2021-12-31	$8,775,803
Value of total assets at beginning of year	2021-12-31	$7,316,561
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$19,568
Total interest from all sources	2021-12-31	$15,121
Total dividends received (eg from common stock, registered investment company shares)	2021-12-31	$256,315
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2021-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2021-12-31	$256,315
Was this plan covered by a fidelity bond	2021-12-31	Yes
Value of fidelity bond cover	2021-12-31	$500,000
If this is an individual account plan, was there a blackout period	2021-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2021-12-31	Yes
Amount of non-exempt transactions with any party-in-interest	2021-12-31	$183,756
Contributions received from participants	2021-12-31	$265,726
Participant contributions at end of year	2021-12-31	$61,799
Participant contributions at beginning of year	2021-12-31	$42,730
Participant contributions at end of year	2021-12-31	$468
Participant contributions at beginning of year	2021-12-31	$468
Income. Received or receivable in cash from other sources (including rollovers)	2021-12-31	$13,010
Value of other receiveables (less allowance for doubtful accounts) at end of year	2021-12-31	$-3,031
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2021-12-31	$-25,284
Assets. Loans (other than to participants) at end of year	2021-12-31	$183,756
Assets. Loans (other than to participants) at beginning of year	2021-12-31	$171,735
Total non interest bearing cash at end of year	2021-12-31	$0
Total non interest bearing cash at beginning of year	2021-12-31	$452
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Value of net income/loss	2021-12-31	$1,459,242
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$8,775,803
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$7,316,561
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2021-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2021-12-31	No
Were any leases to which the plan was party in default or uncollectible	2021-12-31	No
Investment advisory and management fees	2021-12-31	$19,239
Value of interest in registered invesment companies (eg mutual funds) at end of year	2021-12-31	$6,019,267
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2021-12-31	$5,066,168
Value of interest in pooled separate accounts at end of year	2021-12-31	$2,451,499
Value of interest in pooled separate accounts at beginning of year	2021-12-31	$2,020,965
Interest on participant loans	2021-12-31	$3,100
Income. Interest from loans (other than to participants)	2021-12-31	$12,021
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2021-12-31	$7,921
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2021-12-31	$15,005
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2021-12-31	$15,005
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2021-12-31	$771,373
Net investment gain/loss from pooled separate accounts	2021-12-31	$207,147
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2021-12-31	No
Was there a failure to transmit to the plan any participant contributions	2021-12-31	No
Has the plan failed to provide any benefit when due under the plan	2021-12-31	No
Contributions received in cash from employer	2021-12-31	$54,124
Employer contributions (assets) at end of year	2021-12-31	$54,124
Employer contributions (assets) at beginning of year	2021-12-31	$24,322
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$104,006
Contract administrator fees	2021-12-31	$329
Did the plan have assets held for investment	2021-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2021-12-31	No
Opinion of an independent qualified public accountant for this plan	2021-12-31	Unqualified
Accountancy firm name	2021-12-31	FINCH ROWLAND SHOOPMAN
Accountancy firm EIN	2021-12-31	770183229
2020 : SWANSON-FAHRNEY FORD SALES, INC. EMPLOYEE 401(K) PROFIT SHARING PLAN 2020 401k financial data
Total income from all sources	2020-12-31	$2,136,050
Expenses. Total of all expenses incurred	2020-12-31	$2,616,319
Benefits paid (including direct rollovers)	2020-12-31	$2,579,097
Total plan assets at end of year	2020-12-31	$7,316,561
Total plan assets at beginning of year	2020-12-31	$7,796,830
Value of fidelity bond covering the plan	2020-12-31	$500,000
Total contributions received or receivable from participants	2020-12-31	$144,441
Assets. Value of loans (other than to participants)	2020-12-31	$171,735
Contributions received from other sources (not participants or employers)	2020-12-31	$552,234
Other income received	2020-12-31	$1,415,053
Net income (gross income less expenses)	2020-12-31	$-480,269
Net plan assets at end of year (total assets less liabilities)	2020-12-31	$7,316,561
Net plan assets at beginning of year (total assets less liabilities)	2020-12-31	$7,796,830
Assets. Value of participant loans	2020-12-31	$42,730
Total contributions received or receivable from employer(s)	2020-12-31	$24,322
Value of certain deemed distributions of participant loans	2020-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2020-12-31	$37,222
2019 : SWANSON-FAHRNEY FORD SALES, INC. EMPLOYEE 401(K) PROFIT SHARING PLAN 2019 401k financial data
Total income from all sources	2019-12-31	$1,738,590
Expenses. Total of all expenses incurred	2019-12-31	$316,463
Benefits paid (including direct rollovers)	2019-12-31	$274,711
Total plan assets at end of year	2019-12-31	$7,796,830
Total plan assets at beginning of year	2019-12-31	$6,374,703
Value of fidelity bond covering the plan	2019-12-31	$500,000
Total contributions received or receivable from participants	2019-12-31	$141,857
Assets. Value of loans (other than to participants)	2019-12-31	$150,000
Other income received	2019-12-31	$1,570,910
Net income (gross income less expenses)	2019-12-31	$1,422,127
Net plan assets at end of year (total assets less liabilities)	2019-12-31	$7,796,830
Net plan assets at beginning of year (total assets less liabilities)	2019-12-31	$6,374,703
Assets. Value of participant loans	2019-12-31	$102,541
Total contributions received or receivable from employer(s)	2019-12-31	$25,823
Expenses. Administrative service providers (salaries,fees and commissions)	2019-12-31	$41,752

Form 5500 Responses for SWANSON-FAHRNEY FORD SALES, INC. EMPLOYEE 401(K) PROFIT SHARING PLAN

2023: SWANSON-FAHRNEY FORD SALES, INC. EMPLOYEE 401(K) PROFIT SHARING 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: SWANSON-FAHRNEY FORD SALES, INC. EMPLOYEE 401(K) PROFIT SHARING 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 – Insurance	Yes
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: SWANSON-FAHRNEY FORD SALES, INC. EMPLOYEE 401(K) PROFIT SHARING 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 – Insurance	Yes
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: SWANSON-FAHRNEY FORD SALES, INC. EMPLOYEE 401(K) PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Insurance	Yes
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: SWANSON-FAHRNEY FORD SALES, INC. EMPLOYEE 401(K) PROFIT SHARING PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	No
2019-01-01	This submission is the final filing	No
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	No
2019-01-01	Plan funding arrangement – Insurance	Yes
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2008: SWANSON-FAHRNEY FORD SALES, INC. EMPLOYEE 401(K) PROFIT SHARING PLAN 2008 form 5500 responses
2008-01-01	Type of plan entity	Single employer plan
2008-01-01	Submission has been amended	Yes
2008-01-01	This submission is the final filing	No
2008-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2008-01-01	Plan is a collectively bargained plan	No
2008-01-01	Plan funding arrangement – Insurance	Yes
2008-01-01	Plan funding arrangement – Trust	Yes
2008-01-01	Plan benefit arrangement – Insurance	Yes
2008-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )

Policy contract number

804632, 804695

Policy instance

Insurance contract or identification number	804632, 804695
Number of Individuals Covered	0
Insurance policy start date	2022-01-01
Insurance policy end date	2022-12-31
Total amount of commissions paid to insurance broker	USD $665
Total amount of fees paid to insurance company	USD $32
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $665
Insurance broker organization code?	3
Amount paid for insurance broker fees	32

TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )

Policy contract number

804632-000

Policy instance

Insurance contract or identification number	804632-000
Number of Individuals Covered	77
Insurance policy start date	2021-01-01
Insurance policy end date	2021-12-31
Total amount of commissions paid to insurance broker	USD $5,704
Total amount of fees paid to insurance company	USD $0
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $3,165
Insurance broker organization code?	3

TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )

Policy contract number

804632-000

Policy instance

Insurance contract or identification number	804632-000
Number of Individuals Covered	78
Insurance policy start date	2020-01-01
Insurance policy end date	2020-12-31
Total amount of commissions paid to insurance broker	USD $4,273
Total amount of fees paid to insurance company	USD $0
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $4,273
Insurance broker organization code?	3

TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )

Policy contract number

804632-000

Policy instance

Insurance contract or identification number	804632-000
Number of Individuals Covered	64
Insurance policy start date	2019-01-01
Insurance policy end date	2019-12-31
Total amount of commissions paid to insurance broker	USD $3,528
Total amount of fees paid to insurance company	USD $0
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $3,528
Insurance broker organization code?	3

Was this data useful?

If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us. Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer

The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Company Name:	SWANSON-FAHRNEY FORD SALES, INC.
Employer identification number (EIN):	942188636
NAIC Classification:	441110
NAIC Description:	New Car Dealers