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BMW OF BRIDGEPORT 401(K) PLAN 401k Plan overview

Plan NameBMW OF BRIDGEPORT 401(K) PLAN
Plan identification number 001

BMW OF BRIDGEPORT 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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

BROOKSIDE MOTORS has sponsored the creation of one or more 401k plans.

Company Name:BROOKSIDE MOTORS
Employer identification number (EIN):061633118
NAIC Classification:441110
NAIC Description:New Car Dealers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BMW OF BRIDGEPORT 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01FAWAD MALICK2023-03-23
0012021-01-01FAWAD MALICK2022-05-05 FAWAD MALICK2022-04-14
0012020-01-01FAWAD MALICK2021-05-14 FAWAD MALICK2021-05-14
0012019-01-01FAWAD MALICK2020-02-11 FAWAD MALICK2020-02-11
0012018-01-01FAWAD MALICK2019-03-22 FAWAD MALICK2019-03-22
0012017-01-01FAWAD MALICK2018-03-27 FAWAD MALICK2018-03-27
0012016-01-01MIICH MCMANUS2017-10-13 MIICH MCMANUS2017-10-13
0012015-01-01MITCH MCMANUS2016-09-12
0012014-01-01MITCHELL MCMANUS
0012013-01-01MITCHELL MCMANUS
0012012-01-01MITCHELL MCMANUS
0012011-01-01MITCH MCMANUS2012-06-04
0012010-01-01MITCH MCMANUS2011-07-14

Plan Statistics for BMW OF BRIDGEPORT 401(K) PLAN

401k plan membership statisitcs for BMW OF BRIDGEPORT 401(K) PLAN

Measure Date Value
2014: BMW OF BRIDGEPORT 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-0191
Total number of active participants reported on line 7a of the Form 55002014-01-0178
Number of retired or separated participants receiving benefits2014-01-011
Number of other retired or separated participants entitled to future benefits2014-01-0116
Total of all active and inactive participants2014-01-0195
Total participants2014-01-0195
Number of participants with account balances2014-01-0165
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: BMW OF BRIDGEPORT 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-0175
Total number of active participants reported on line 7a of the Form 55002013-01-0179
Number of other retired or separated participants entitled to future benefits2013-01-0112
Total of all active and inactive participants2013-01-0191
Total participants2013-01-0191
Number of participants with account balances2013-01-0162
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: BMW OF BRIDGEPORT 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-0172
Total number of active participants reported on line 7a of the Form 55002012-01-0162
Number of other retired or separated participants entitled to future benefits2012-01-0113
Total of all active and inactive participants2012-01-0175
Total participants2012-01-0175
Number of participants with account balances2012-01-0155
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010

Financial Data on BMW OF BRIDGEPORT 401(K) PLAN

Measure Date Value
2014 : BMW OF BRIDGEPORT 401(K) PLAN 2014 401k financial data
Transfers to/from the plan2014-12-31$-9,388
Total income from all sources2014-12-31$411,757
Expenses. Total of all expenses incurred2014-12-31$20,813
Benefits paid (including direct rollovers)2014-12-31$19,511
Total plan assets at end of year2014-12-31$1,834,510
Total plan assets at beginning of year2014-12-31$1,452,954
Total contributions received or receivable from participants2014-12-31$257,068
Contributions received from other sources (not participants or employers)2014-12-31$0
Other income received2014-12-31$107,042
Net income (gross income less expenses)2014-12-31$390,944
Net plan assets at end of year (total assets less liabilities)2014-12-31$1,834,510
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$1,452,954
Assets. Value of participant loans2014-12-31$103,269
Total contributions received or receivable from employer(s)2014-12-31$47,647
Value of corrective distributions2014-12-31$627
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$675
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
2013 : BMW OF BRIDGEPORT 401(K) PLAN 2013 401k financial data
Total income from all sources2013-12-31$509,396
Expenses. Total of all expenses incurred2013-12-31$35,962
Benefits paid (including direct rollovers)2013-12-31$32,432
Total plan assets at end of year2013-12-31$1,452,954
Total plan assets at beginning of year2013-12-31$979,520
Total contributions received or receivable from participants2013-12-31$211,952
Contributions received from other sources (not participants or employers)2013-12-31$7,102
Other income received2013-12-31$247,744
Net income (gross income less expenses)2013-12-31$473,434
Net plan assets at end of year (total assets less liabilities)2013-12-31$1,452,954
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$979,520
Assets. Value of participant loans2013-12-31$69,387
Total contributions received or receivable from employer(s)2013-12-31$42,598
Value of certain deemed distributions of participant loans2013-12-31$1,642
Value of corrective distributions2013-12-31$1,200
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$688
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
2012 : BMW OF BRIDGEPORT 401(K) PLAN 2012 401k financial data
Unrealized appreciation/depreciation of real estate assets2012-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2012-12-31$0
Total unrealized appreciation/depreciation of assets2012-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Expenses. Interest paid2012-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022012-12-31$0
Total income from all sources (including contributions)2012-12-31$513,258
Total loss/gain on sale of assets2012-12-31$0
Total of all expenses incurred2012-12-31$182,431
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$168,592
Expenses. Certain deemed distributions of participant loans2012-12-31$13,151
Value of total corrective distributions2012-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$362,561
Value of total assets at end of year2012-12-31$1,412,196
Value of total assets at beginning of year2012-12-31$1,081,369
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$688
Total income from rents2012-12-31$0
Total interest from all sources2012-12-31$4,111
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$0
Total income from all sources2012-12-31$318,150
Expenses. Total of all expenses incurred2012-12-31$174,039
Benefits paid (including direct rollovers)2012-12-31$160,438
Total plan assets at end of year2012-12-31$979,520
Total plan assets at beginning of year2012-12-31$835,409
Total contributions received or receivable from participants2012-12-31$169,831
Other income received2012-12-31$111,311
Net income (gross income less expenses)2012-12-31$144,111
Net plan assets at end of year (total assets less liabilities)2012-12-31$979,520
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$835,409
Assets. Value of participant loans2012-12-31$55,880
Total contributions received or receivable from employer(s)2012-12-31$37,008
Value of certain deemed distributions of participant loans2012-12-31$13,151
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$450
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Assets. Real estate other than employer real property at end of year2012-12-31$0
Assets. Real estate other than employer real property at beginning of year2012-12-31$0
Administrative expenses professional fees incurred2012-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at end of year2012-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2012-12-31$0
Was this plan covered by a fidelity bond2012-12-31No
If this is an individual account plan, was there a blackout period2012-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$281,762
Participant contributions at end of year2012-12-31$77,527
Participant contributions at beginning of year2012-12-31$72,567
Participant contributions at end of year2012-12-31$0
Participant contributions at beginning of year2012-12-31$0
Assets. Other investments not covered elsewhere at end of year2012-12-31$0
Assets. Other investments not covered elsewhere at beginning of year2012-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$19,036
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2012-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2012-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2012-12-31$0
Assets. Loans (other than to participants) at end of year2012-12-31$0
Assets. Loans (other than to participants) at beginning of year2012-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2012-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2012-12-31$0
Other income not declared elsewhere2012-12-31$0
Administrative expenses (other) incurred2012-12-31$0
Total non interest bearing cash at end of year2012-12-31$0
Total non interest bearing cash at beginning of year2012-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Income. Non cash contributions2012-12-31$0
Value of net income/loss2012-12-31$330,827
Value of net assets at end of year (total assets less liabilities)2012-12-31$1,412,196
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$1,081,369
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Assets. partnership/joint venture interests at end of year2012-12-31$0
Assets. partnership/joint venture interests at beginning of year2012-12-31$0
Investment advisory and management fees2012-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$0
Value of interest in pooled separate accounts at end of year2012-12-31$1,243,028
Value of interest in pooled separate accounts at beginning of year2012-12-31$952,388
Interest on participant loans2012-12-31$3,000
Income. Interest from loans (other than to participants)2012-12-31$0
Interest earned on other investments2012-12-31$1,111
Income. Interest from US Government securities2012-12-31$0
Income. Interest from corporate debt instruments2012-12-31$0
Value of interest in master investment trust accounts at end of year2012-12-31$0
Value of interest in master investment trust accounts at beginning of year2012-12-31$0
Value of interest in common/collective trusts at end of year2012-12-31$0
Value of interest in common/collective trusts at beginning of year2012-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-12-31$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-12-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2012-12-31$0
Assets. Value of investments in 103.12 investment entities at end of year2012-12-31$0
Assets. Value of investments in 103.12 investment entities at beginning of year2012-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2012-12-31$91,641
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2012-12-31$56,414
Expenses. Payments to insurance carriers foe the provision of benefits2012-12-31$0
Asset value of US Government securities at end of year2012-12-31$0
Asset value of US Government securities at beginning of year2012-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$0
Net investment gain/loss from pooled separate accounts2012-12-31$146,586
Net investment gain or loss from common/collective trusts2012-12-31$0
Net gain/loss from 103.12 investment entities2012-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Assets. Invements in employer securities at end of year2012-12-31$0
Assets. Invements in employer securities at beginning of year2012-12-31$0
Assets. Value of employer real property at end of year2012-12-31$0
Assets. Value of employer real property at beginning of year2012-12-31$0
Contributions received in cash from employer2012-12-31$61,763
Employer contributions (assets) at end of year2012-12-31$0
Employer contributions (assets) at beginning of year2012-12-31$0
Income. Dividends from preferred stock2012-12-31$0
Income. Dividends from common stock2012-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$168,592
Asset. Corporate debt instrument preferred debt at end of year2012-12-31$0
Asset. Corporate debt instrument preferred debt at beginning of year2012-12-31$0
Asset. Corporate debt instrument debt (other) at end of year2012-12-31$0
Asset. Corporate debt instrument debt (other) at beginning of year2012-12-31$0
Contract administrator fees2012-12-31$688
Assets. Corporate common stocks other than exployer securities at end of year2012-12-31$0
Assets. Corporate common stocks other than exployer securities at beginning of year2012-12-31$0
Liabilities. Value of benefit claims payable at end of year2012-12-31$0
Liabilities. Value of benefit claims payable at beginning of year2012-12-31$0
Assets. Value of buildings and other operty used in plan operation at end of year2012-12-31$0
Assets. Value of buildings and other operty used in plan operation at beginning of year2012-12-31$0
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Aggregate proceeds on sale of assets2012-12-31$0
Aggregate carrying amount (costs) on sale of assets2012-12-31$0
Liabilities. Value of acquisition indebtedness at end of year2012-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2012-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer

Form 5500 Responses for BMW OF BRIDGEPORT 401(K) PLAN

2014: BMW OF BRIDGEPORT 401(K) PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Plan funding arrangement – InsuranceYes
2014-01-01Plan benefit arrangement – InsuranceYes
2014-01-01Plan benefit arrangement - TrustYes
2013: BMW OF BRIDGEPORT 401(K) PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Plan funding arrangement – InsuranceYes
2013-01-01Plan benefit arrangement – InsuranceYes
2013-01-01Plan benefit arrangement - TrustYes
2012: BMW OF BRIDGEPORT 401(K) PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedYes
2012-01-01Plan funding arrangement – InsuranceYes
2012-01-01Plan benefit arrangement – InsuranceYes
2012-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )
Policy contract number943421-01
Policy instance 1
Insurance contract or identification number943421-01
Number of Individuals Covered65
Insurance policy start date2014-01-01
Insurance policy end date2014-12-31
Total amount of commissions paid to insurance brokerUSD $4,294
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
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 BrokerUSD $4,294
Amount paid for insurance broker fees0
Insurance broker organization code?3
Insurance broker nameMETLIFE SECURITIES INC.
GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )
Policy contract number943421-01
Policy instance 1
Insurance contract or identification number943421-01
Number of Individuals Covered62
Insurance policy start date2013-01-01
Insurance policy end date2013-12-31
Total amount of commissions paid to insurance brokerUSD $2,070
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
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 BrokerUSD $2,070
Amount paid for insurance broker fees0
Insurance broker organization code?3
Insurance broker nameMETLIFE SECURITIES INC.

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