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BAYSHORE FORD OF PENNSVILLE, INC 401(K) PLAN 401k Plan overview

Plan NameBAYSHORE FORD OF PENNSVILLE, INC 401(K) PLAN
Plan identification number 001

BAYSHORE FORD OF PENNSVILLE, INC 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.
  • 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

BAYSHORE FORD OF PENNSVILLE, INC has sponsored the creation of one or more 401k plans.

Company Name:BAYSHORE FORD OF PENNSVILLE, INC
Employer identification number (EIN):223269700
NAIC Classification:441110
NAIC Description:New Car Dealers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BAYSHORE FORD OF PENNSVILLE, INC 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01ADAM STOMP2024-08-01
0012022-01-01JOSEPH TRACY2023-10-10
0012021-01-01JOSEPH TRACY2022-09-06
0012020-01-01JOSEPH TRACY2021-04-09
0012019-01-01JOSEPH TRACY2020-04-27
0012018-01-01JOSEPH TRACY2019-04-08
0012017-01-01JOSEPH TRACY2018-07-12
0012016-01-01JOSEPH TRACY2017-05-19
0012015-01-01JOSEPH TRACY2016-10-10
0012013-01-01ALAN B SVEDLOW2014-07-11
0012012-01-01ALAN B. SVEDLOW2013-10-10
0012011-01-01ALAN B. SVEDLOW2012-10-10
0012009-01-01ALAN B. SVEDLOW

Plan Statistics for BAYSHORE FORD OF PENNSVILLE, INC 401(K) PLAN

401k plan membership statisitcs for BAYSHORE FORD OF PENNSVILLE, INC 401(K) PLAN

Measure Date Value
2024: BAYSHORE FORD OF PENNSVILLE, INC 401(K) PLAN 2024 401k membership
Total number of particpants at beginning of year2024-08-0124
Total number of particpants at end of year2024-08-0125
Number of Participants With Account Balances2024-08-0119
2009: BAYSHORE FORD OF PENNSVILLE, INC 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0119
Total number of active participants reported on line 7a of the Form 55002009-01-0113
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-013
Total of all active and inactive participants2009-01-0116
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-011
Total participants2009-01-0117
Number of participants with account balances2009-01-0115
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-013

Financial Data on BAYSHORE FORD OF PENNSVILLE, INC 401(K) PLAN

Measure Date Value
2024 : BAYSHORE FORD OF PENNSVILLE, INC 401(K) PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-08-0148703
Net assets as of the end of the plan year2024-08-01908846
Total assets as of the beginning of the plan year2024-08-01815600
Value of plan covered by a fidelity bond2024-08-011000000
Participant contributions to plan in this plan year2024-08-015380
Value of participant loans at end of plan year2024-08-012816
Other income to plan in this plan year2024-08-01131569
Plan net income in this plan year2024-08-0193246
Net assets as of the end of the plan year2024-08-01908846
Net assets as of the beginning of the plan year2024-08-01815600
Employer contributions to plan in this plan year2024-08-015000
Expensese paid to adminstrative service provicers from plan in this plan year2024-08-012950
2010 : BAYSHORE FORD OF PENNSVILLE, INC 401(K) PLAN 2010 401k financial data
Transfers to/from the plan2010-12-31$0
Total plan liabilities at end of year2010-12-31$0
Total plan liabilities at beginning of year2010-12-31$0
Total income from all sources2010-12-31$57,544
Expenses. Total of all expenses incurred2010-12-31$20,076
Benefits paid (including direct rollovers)2010-12-31$19,901
Total plan assets at end of year2010-12-31$378,072
Total plan assets at beginning of year2010-12-31$340,604
Value of fidelity bond covering the plan2010-12-31$500,000
Total contributions received or receivable from participants2010-12-31$3,472
Expenses. Other expenses not covered elsewhere2010-12-31$175
Contributions received from other sources (not participants or employers)2010-12-31$0
Other income received2010-12-31$44,193
Noncash contributions received2010-12-31$0
Net income (gross income less expenses)2010-12-31$37,468
Net plan assets at end of year (total assets less liabilities)2010-12-31$378,072
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$340,604
Total contributions received or receivable from employer(s)2010-12-31$9,879
Value of certain deemed distributions of participant loans2010-12-31$0
Value of corrective distributions2010-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Funding deficiency by the employer to the plan for this plan year2010-12-31$0
Minimum employer required contribution for this plan year2010-12-31$0
Amount contributed by the employer to the plan for this plan year2010-12-31$0
2009 : BAYSHORE FORD OF PENNSVILLE, INC 401(K) PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0
Funding deficiency by the employer to the plan for this plan year2009-12-31$0
Minimum employer required contribution for this plan year2009-12-31$0
Amount contributed by the employer to the plan for this plan year2009-12-31$0

Form 5500 Responses for BAYSHORE FORD OF PENNSVILLE, INC 401(K) PLAN

2009: BAYSHORE FORD OF PENNSVILLE, INC 401(K) PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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