401k Plan data: BMW OF RIDGEFIELD 401(K) PLAN plan

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

Plan Name	BMW OF RIDGEFIELD 401(K) PLAN
Plan identification number	001

BMW OF RIDGEFIELD 401(K) PLAN Benefits

401k Plan Type

Defined 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.
Plan covering Self-Employed individuals.
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

BMW OF RIDGEFIELD has sponsored the creation of one or more 401k plans.

Company Name: BMW OF RIDGEFIELD

Employer identification number (EIN): 261750000

NAIC Classification: 441110
NAIC Description: New Car Dealers

Form 5500 Filing Information

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

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2021-01-01 FAWAD MALICK 2022-05-17 FAWAD MALICK 2022-04-14
001 2019-01-01 EDMUND MCGILL 2020-02-24 EDMUND MCGILL 2020-02-24
001 2018-01-01 EDMUND MCGILL 2019-03-22 EDMUND MCGILL 2019-03-22
001 2017-01-01 EDMUND MCGILL 2018-02-19 EDMUND MCGILL 2018-02-19
001 2016-01-01 EDMUND MCGILL 2017-10-16 EDMUND MCGILL 2017-10-16
001 2015-01-01 FAWAD MALICK 2016-06-30
001 2015-01-01 EDMUND MCGILL 2016-06-30
001 2014-01-01 EDMUND MCGILL
001 2013-01-01 EDMUND MCGILL
001 2012-01-01 EDMUND MCGILL

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2021-01-01	FAWAD MALICK	2022-05-17	FAWAD MALICK	2022-04-14
001	2019-01-01	EDMUND MCGILL	2020-02-24	EDMUND MCGILL	2020-02-24
001	2018-01-01	EDMUND MCGILL	2019-03-22	EDMUND MCGILL	2019-03-22
001	2017-01-01	EDMUND MCGILL	2018-02-19	EDMUND MCGILL	2018-02-19
001	2016-01-01	EDMUND MCGILL	2017-10-16	EDMUND MCGILL	2017-10-16
001	2015-01-01	FAWAD MALICK	2016-06-30
001	2015-01-01	EDMUND MCGILL	2016-06-30
001	2014-01-01	EDMUND MCGILL
001	2013-01-01	EDMUND MCGILL
001	2012-01-01	EDMUND MCGILL

Plan Statistics for BMW OF RIDGEFIELD 401(K) PLAN

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

Measure Date Value
2014: BMW OF RIDGEFIELD 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year 2014-01-01 52
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 67
Number of other retired or separated participants entitled to future benefits 2014-01-01 9
Total of all active and inactive participants 2014-01-01 76
Total participants 2014-01-01 76
Number of participants with account balances 2014-01-01 51
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 0
2013: BMW OF RIDGEFIELD 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year 2013-01-01 64
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 45
Number of other retired or separated participants entitled to future benefits 2013-01-01 7
Total of all active and inactive participants 2013-01-01 52
Total participants 2013-01-01 52
Number of participants with account balances 2013-01-01 46
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 0
2012: BMW OF RIDGEFIELD 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year 2012-01-01 53
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 56
Number of other retired or separated participants entitled to future benefits 2012-01-01 8
Total of all active and inactive participants 2012-01-01 64
Total participants 2012-01-01 64
Number of participants with account balances 2012-01-01 34
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 0

Measure	Date	Value
2014: BMW OF RIDGEFIELD 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year	2014-01-01	52
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	67
Number of other retired or separated participants entitled to future benefits	2014-01-01	9
Total of all active and inactive participants	2014-01-01	76
Total participants	2014-01-01	76
Number of participants with account balances	2014-01-01	51
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	0
2013: BMW OF RIDGEFIELD 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year	2013-01-01	64
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	45
Number of other retired or separated participants entitled to future benefits	2013-01-01	7
Total of all active and inactive participants	2013-01-01	52
Total participants	2013-01-01	52
Number of participants with account balances	2013-01-01	46
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	0
2012: BMW OF RIDGEFIELD 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year	2012-01-01	53
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	56
Number of other retired or separated participants entitled to future benefits	2012-01-01	8
Total of all active and inactive participants	2012-01-01	64
Total participants	2012-01-01	64
Number of participants with account balances	2012-01-01	34
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	0

Financial Data on BMW OF RIDGEFIELD 401(K) PLAN

Measure	Date	Value
2014 : BMW OF RIDGEFIELD 401(K) PLAN 2014 401k financial data
Transfers to/from the plan	2014-12-31	$9,388
Total income from all sources	2014-12-31	$335,762
Expenses. Total of all expenses incurred	2014-12-31	$7,916
Benefits paid (including direct rollovers)	2014-12-31	$6,563
Total plan assets at end of year	2014-12-31	$1,046,017
Total plan assets at beginning of year	2014-12-31	$708,783
Total contributions received or receivable from participants	2014-12-31	$230,629
Other income received	2014-12-31	$55,529
Net income (gross income less expenses)	2014-12-31	$327,846
Net plan assets at end of year (total assets less liabilities)	2014-12-31	$1,046,017
Net plan assets at beginning of year (total assets less liabilities)	2014-12-31	$708,783
Assets. Value of participant loans	2014-12-31	$70,655
Total contributions received or receivable from employer(s)	2014-12-31	$49,604
Value of corrective distributions	2014-12-31	$1,228
Expenses. Administrative service providers (salaries,fees and commissions)	2014-12-31	$125
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2014-12-31	$0
2013 : BMW OF RIDGEFIELD 401(K) PLAN 2013 401k financial data
Total income from all sources	2013-12-31	$319,250
Expenses. Total of all expenses incurred	2013-12-31	$43,144
Benefits paid (including direct rollovers)	2013-12-31	$35,777
Total plan assets at end of year	2013-12-31	$708,782
Total plan assets at beginning of year	2013-12-31	$432,676
Total contributions received or receivable from participants	2013-12-31	$168,299
Other income received	2013-12-31	$113,850
Net income (gross income less expenses)	2013-12-31	$276,106
Net plan assets at end of year (total assets less liabilities)	2013-12-31	$708,782
Net plan assets at beginning of year (total assets less liabilities)	2013-12-31	$432,676
Assets. Value of participant loans	2013-12-31	$24,250
Total contributions received or receivable from employer(s)	2013-12-31	$37,101
Value of corrective distributions	2013-12-31	$6,867
Expenses. Administrative service providers (salaries,fees and commissions)	2013-12-31	$500
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2013-12-31	$0
2012 : BMW OF RIDGEFIELD 401(K) PLAN 2012 401k financial data
Total income from all sources	2012-12-31	$195,108
Expenses. Total of all expenses incurred	2012-12-31	$8,392
Benefits paid (including direct rollovers)	2012-12-31	$8,154
Total plan assets at end of year	2012-12-31	$432,676
Total plan assets at beginning of year	2012-12-31	$245,960
Total contributions received or receivable from participants	2012-12-31	$111,931
Contributions received from other sources (not participants or employers)	2012-12-31	$19,036
Other income received	2012-12-31	$39,386
Net income (gross income less expenses)	2012-12-31	$186,716
Net plan assets at end of year (total assets less liabilities)	2012-12-31	$432,676
Net plan assets at beginning of year (total assets less liabilities)	2012-12-31	$245,960
Assets. Value of participant loans	2012-12-31	$21,647
Total contributions received or receivable from employer(s)	2012-12-31	$24,755
Expenses. Administrative service providers (salaries,fees and commissions)	2012-12-31	$238
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 BMW OF RIDGEFIELD 401(K) PLAN

2014: BMW OF RIDGEFIELD 401(K) PLAN 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Plan funding arrangement – Insurance	Yes
2014-01-01	Plan benefit arrangement – Insurance	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes
2013: BMW OF RIDGEFIELD 401(K) PLAN 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Plan funding arrangement – Insurance	Yes
2013-01-01	Plan benefit arrangement – Insurance	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: BMW OF RIDGEFIELD 401(K) PLAN 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	First time form 5500 has been submitted	Yes
2012-01-01	Plan funding arrangement – Insurance	Yes
2012-01-01	Plan benefit arrangement – Insurance	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )

Policy contract number

943421-01

Policy instance

Insurance contract or identification number	943421-01
Number of Individuals Covered	51
Insurance policy start date	2014-01-01
Insurance policy end date	2014-12-31
Total amount of commissions paid to insurance broker	USD $1,421
Total amount of fees paid to insurance company	USD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	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 $1,421
Amount paid for insurance broker fees	0
Insurance broker organization code?	3
Insurance broker name	METLIFE SECURITIES INC

GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )

Policy contract number

943421-01

Policy instance

Insurance contract or identification number	943421-01
Number of Individuals Covered	46
Insurance policy start date	2013-01-01
Insurance policy end date	2013-12-31
Total amount of commissions paid to insurance broker	USD $2,070
Total amount of fees paid to insurance company	USD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	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 $2,070
Amount paid for insurance broker fees	0
Insurance broker organization code?	3
Insurance broker name	METLIFE SECURITIES INC

GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )

Policy contract number

943421-01

Policy instance

Insurance contract or identification number	943421-01
Number of Individuals Covered	34
Insurance policy start date	2012-01-01
Insurance policy end date	2012-12-31
Total amount of commissions paid to insurance broker	USD $1,563
Total amount of fees paid to insurance company	USD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	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 $1,563
Insurance broker organization code?	3
Insurance broker name	METLIFE SECURITIES INC

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Company Name:	BMW OF RIDGEFIELD
Employer identification number (EIN):	261750000
NAIC Classification:	441110
NAIC Description:	New Car Dealers