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GROUND EFFECTS, LLC 401(K) RETIREMENT PLAN 401k Plan overview

Plan NameGROUND EFFECTS, LLC 401(K) RETIREMENT PLAN
Plan identification number 001

GROUND EFFECTS, LLC 401(K) RETIREMENT PLAN Benefits

401k Plan TypeDefined 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.
  • 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.

401k Sponsoring company profile

GROUND EFFECTS, LLC has sponsored the creation of one or more 401k plans.

Company Name:GROUND EFFECTS, LLC
Employer identification number (EIN):364756635
NAIC Classification:811120
NAIC Description: Automotive Body, Paint, Interior, and Glass Repair

Form 5500 Filing Information

Submission information for form 5500 for 401k plan GROUND EFFECTS, LLC 401(K) RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012019-01-01
0012018-01-01
0012017-01-01CINDY PARRENT
0012016-01-01CINDY PARRENT

Plan Statistics for GROUND EFFECTS, LLC 401(K) RETIREMENT PLAN

401k plan membership statisitcs for GROUND EFFECTS, LLC 401(K) RETIREMENT PLAN

Measure Date Value
2022: GROUND EFFECTS, LLC 401(K) RETIREMENT PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-011,783
Total number of active participants reported on line 7a of the Form 55002022-01-011,417
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-01278
Total of all active and inactive participants2022-01-011,695
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-012
Total participants2022-01-011,697
Number of participants with account balances2022-01-011,594
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-0186
2021: GROUND EFFECTS, LLC 401(K) RETIREMENT PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-011,488
Total number of active participants reported on line 7a of the Form 55002021-01-011,233
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-01545
Total of all active and inactive participants2021-01-011,778
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-012
Total participants2021-01-011,780
Number of participants with account balances2021-01-011,715
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-01154
2020: GROUND EFFECTS, LLC 401(K) RETIREMENT PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-011,545
Total number of active participants reported on line 7a of the Form 55002020-01-011,251
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-01211
Total of all active and inactive participants2020-01-011,462
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-011,462
Number of participants with account balances2020-01-011,404
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-01265
2019: GROUND EFFECTS, LLC 401(K) RETIREMENT PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-011,068
Total number of active participants reported on line 7a of the Form 55002019-01-011,281
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-01170
Total of all active and inactive participants2019-01-011,451
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-011,451
Number of participants with account balances2019-01-011,406
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-01131
2018: GROUND EFFECTS, LLC 401(K) RETIREMENT PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01808
Total number of active participants reported on line 7a of the Form 55002018-01-01622
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-01255
Total of all active and inactive participants2018-01-01877
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-011
Total participants2018-01-01878
Number of participants with account balances2018-01-01828
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-01132
2017: GROUND EFFECTS, LLC 401(K) RETIREMENT PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01531
Total number of active participants reported on line 7a of the Form 55002017-01-01417
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-01179
Total of all active and inactive participants2017-01-01596
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-011
Total participants2017-01-01597
Number of participants with account balances2017-01-01551
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-01103
2016: GROUND EFFECTS, LLC 401(K) RETIREMENT PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01566
Total number of active participants reported on line 7a of the Form 55002016-01-01405
Number of other retired or separated participants entitled to future benefits2016-01-01126
Total of all active and inactive participants2016-01-01531
Total participants2016-01-01531
Number of participants with account balances2016-01-01516
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-01123

Financial Data on GROUND EFFECTS, LLC 401(K) RETIREMENT PLAN

Measure Date Value
2022 : GROUND EFFECTS, LLC 401(K) RETIREMENT PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total transfer of assets to this plan2022-12-31$0
Total transfer of assets from this plan2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
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$3,186,970
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$2,476,004
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$2,383,532
Value of total corrective distributions2022-12-31$516
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$4,743,379
Value of total assets at end of year2022-12-31$9,541,412
Value of total assets at beginning of year2022-12-31$8,830,446
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$91,956
Total interest from all sources2022-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$235,997
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$235,997
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$500,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$2,759,633
Participant contributions at end of year2022-12-31$47,115
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$14,409
Other income not declared elsewhere2022-12-31$4,058
Administrative expenses (other) incurred2022-12-31$91,956
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$710,966
Value of net assets at end of year (total assets less liabilities)2022-12-31$9,541,412
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$8,830,446
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$9,343,676
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$8,778,052
Value of interest in common/collective trusts at end of year2022-12-31$115,596
Value of interest in common/collective trusts at beginning of year2022-12-31$52,394
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-1,798,586
Net investment gain or loss from common/collective trusts2022-12-31$2,122
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$1,969,337
Employer contributions (assets) at end of year2022-12-31$35,025
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$2,383,532
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31FREED MAXICK CPAS P.C.
Accountancy firm EIN2022-12-31454051133
2021 : GROUND EFFECTS, LLC 401(K) RETIREMENT PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total transfer of assets to this plan2021-12-31$0
Total transfer of assets from this plan2021-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total income from all sources (including contributions)2021-12-31$5,013,532
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$1,553,965
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$1,449,432
Value of total corrective distributions2021-12-31$5,253
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$4,100,634
Value of total assets at end of year2021-12-31$8,830,446
Value of total assets at beginning of year2021-12-31$5,370,879
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$99,280
Total interest from all sources2021-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$1,024,089
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$1,024,089
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$500,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$2,331,029
Participant contributions at beginning of year2021-12-31$41,958
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$15,831
Other income not declared elsewhere2021-12-31$1,151
Administrative expenses (other) incurred2021-12-31$99,280
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$3,459,567
Value of net assets at end of year (total assets less liabilities)2021-12-31$8,830,446
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$5,370,879
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$8,778,052
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$5,302,127
Value of interest in common/collective trusts at end of year2021-12-31$52,394
Value of interest in common/collective trusts at beginning of year2021-12-31$15,149
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$-112,908
Net investment gain or loss from common/collective trusts2021-12-31$566
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$1,753,774
Employer contributions (assets) at beginning of year2021-12-31$11,645
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$1,449,432
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31FREED MAXICK CPAS P.C.
Accountancy firm EIN2021-12-31454051133
2020 : GROUND EFFECTS, LLC 401(K) RETIREMENT PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total transfer of assets to this plan2020-12-31$0
Total transfer of assets from this plan2020-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total income from all sources (including contributions)2020-12-31$2,678,852
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$1,191,028
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$1,102,436
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$1,955,620
Value of total assets at end of year2020-12-31$5,370,879
Value of total assets at beginning of year2020-12-31$3,883,055
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$88,592
Total interest from all sources2020-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$127,145
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$127,145
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$500,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$1,568,465
Participant contributions at end of year2020-12-31$41,958
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$21,721
Administrative expenses (other) incurred2020-12-31$88,592
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$1,487,824
Value of net assets at end of year (total assets less liabilities)2020-12-31$5,370,879
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$3,883,055
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$5,302,127
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$3,883,055
Value of interest in common/collective trusts at end of year2020-12-31$15,149
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$595,888
Net investment gain or loss from common/collective trusts2020-12-31$199
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$365,434
Employer contributions (assets) at end of year2020-12-31$11,645
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$1,102,436
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31FREED MAXICK, CPAS P.C.
Accountancy firm EIN2020-12-31454051133
2019 : GROUND EFFECTS, LLC 401(K) RETIREMENT PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total transfer of assets from this plan2019-12-31$0
Total transfer of assets from this plan2019-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total income from all sources (including contributions)2019-12-31$2,403,301
Total income from all sources (including contributions)2019-12-31$2,403,301
Total loss/gain on sale of assets2019-12-31$0
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$762,061
Total of all expenses incurred2019-12-31$762,061
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$700,309
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$700,309
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$1,793,885
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$1,793,885
Value of total assets at end of year2019-12-31$3,883,055
Value of total assets at end of year2019-12-31$3,883,055
Value of total assets at beginning of year2019-12-31$2,241,815
Value of total assets at beginning of year2019-12-31$2,241,815
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$61,752
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$61,752
Total interest from all sources2019-12-31$0
Total interest from all sources2019-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$89,911
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$89,911
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$89,911
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$89,911
Was this plan covered by a fidelity bond2019-12-31Yes
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$250,000
Value of fidelity bond cover2019-12-31$250,000
If this is an individual account plan, was there a blackout period2019-12-31Yes
If this is an individual account plan, was there a blackout period2019-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$1,437,202
Contributions received from participants2019-12-31$1,437,202
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$62,628
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$62,628
Administrative expenses (other) incurred2019-12-31$61,752
Administrative expenses (other) incurred2019-12-31$61,752
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$1,641,240
Value of net income/loss2019-12-31$1,641,240
Value of net assets at end of year (total assets less liabilities)2019-12-31$3,883,055
Value of net assets at end of year (total assets less liabilities)2019-12-31$3,883,055
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$2,241,815
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$2,241,815
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$3,883,055
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$3,883,055
Value of interest in pooled separate accounts at beginning of year2019-12-31$2,241,455
Value of interest in pooled separate accounts at beginning of year2019-12-31$2,241,455
Value of interest in common/collective trusts at end of year2019-12-31$0
Value of interest in common/collective trusts at end of year2019-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2019-12-31$188
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2019-12-31$188
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$519,505
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$519,505
Net investment gain or loss from common/collective trusts2019-12-31$0
Net investment gain or loss from common/collective trusts2019-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$294,055
Contributions received in cash from employer2019-12-31$294,055
Employer contributions (assets) at beginning of year2019-12-31$172
Employer contributions (assets) at beginning of year2019-12-31$172
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$700,309
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$700,309
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32019-12-31Yes
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32019-12-31Yes
Did the plan have assets held for investment2019-12-31Yes
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31FREED MAXICK, CPAS P.C.
Accountancy firm name2019-12-31FREED MAXICK, CPAS P.C.
Accountancy firm EIN2019-12-31454051133
Accountancy firm EIN2019-12-31454051133
2018 : GROUND EFFECTS, LLC 401(K) RETIREMENT PLAN 2018 401k financial data
Total income from all sources (including contributions)2018-12-31$823,229
Total of all expenses incurred2018-12-31$183,055
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$173,568
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$1,008,985
Value of total assets at end of year2018-12-31$2,241,815
Value of total assets at beginning of year2018-12-31$1,601,641
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$9,487
Total interest from all sources2018-12-31$8
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$250,000
If this is an individual account plan, was there a blackout period2018-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$723,481
Administrative expenses (other) incurred2018-12-31$9,487
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$640,174
Value of net assets at end of year (total assets less liabilities)2018-12-31$2,241,815
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$1,601,641
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Value of interest in pooled separate accounts at end of year2018-12-31$2,241,455
Value of interest in pooled separate accounts at beginning of year2018-12-31$1,601,231
Interest earned on other investments2018-12-31$8
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2018-12-31$188
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2018-12-31$410
Net investment gain/loss from pooled separate accounts2018-12-31$-185,764
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31Yes
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$285,504
Employer contributions (assets) at end of year2018-12-31$172
Employer contributions (assets) at beginning of year2018-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$173,568
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32018-12-31No
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31FREED MAXICK, CPAS P.C.
Accountancy firm EIN2018-12-31454051133
2017 : GROUND EFFECTS, LLC 401(K) RETIREMENT PLAN 2017 401k financial data
Total income from all sources (including contributions)2017-12-31$894,741
Total of all expenses incurred2017-12-31$134,923
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$127,716
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$690,427
Value of total assets at end of year2017-12-31$1,601,641
Value of total assets at beginning of year2017-12-31$841,823
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$7,207
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Was this plan covered by a fidelity bond2017-12-31No
If this is an individual account plan, was there a blackout period2017-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$496,424
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$2,723
Other income not declared elsewhere2017-12-31$1,836
Administrative expenses (other) incurred2017-12-31$7,207
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$759,818
Value of net assets at end of year (total assets less liabilities)2017-12-31$1,601,641
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$841,823
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Value of interest in pooled separate accounts at end of year2017-12-31$1,601,231
Value of interest in pooled separate accounts at beginning of year2017-12-31$838,882
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2017-12-31$410
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2017-12-31$2,941
Net investment gain/loss from pooled separate accounts2017-12-31$202,478
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$191,280
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$127,716
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32017-12-31No
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31FREED MAXICK, CPAS P.C.
Accountancy firm EIN2017-12-31454051133
2016 : GROUND EFFECTS, LLC 401(K) RETIREMENT PLAN 2016 401k financial data
Total income from all sources (including contributions)2016-12-31$875,261
Total of all expenses incurred2016-12-31$33,438
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$25,554
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$831,561
Value of total assets at end of year2016-12-31$841,823
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$7,884
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Was this plan covered by a fidelity bond2016-12-31No
If this is an individual account plan, was there a blackout period2016-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$535,872
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$54,517
Other income not declared elsewhere2016-12-31$11
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$841,823
Value of net assets at end of year (total assets less liabilities)2016-12-31$841,823
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Value of interest in pooled separate accounts at end of year2016-12-31$838,882
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2016-12-31$2,941
Net investment gain/loss from pooled separate accounts2016-12-31$43,689
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Contributions received in cash from employer2016-12-31$241,172
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$25,554
Contract administrator fees2016-12-31$7,884
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31FREED MAXICK, CPAS P.C.
Accountancy firm EIN2016-12-31454051133

Form 5500 Responses for GROUND EFFECTS, LLC 401(K) RETIREMENT PLAN

2022: GROUND EFFECTS, LLC 401(K) RETIREMENT PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: GROUND EFFECTS, LLC 401(K) RETIREMENT PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: GROUND EFFECTS, LLC 401(K) RETIREMENT PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: GROUND EFFECTS, LLC 401(K) RETIREMENT PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement – InsuranceYes
2019-01-01Plan benefit arrangement - TrustYes
2018: GROUND EFFECTS, LLC 401(K) RETIREMENT PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Plan funding arrangement – InsuranceYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement – InsuranceYes
2018-01-01Plan benefit arrangement - TrustYes
2017: GROUND EFFECTS, LLC 401(K) RETIREMENT PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Plan funding arrangement – InsuranceYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement – InsuranceYes
2017-01-01Plan benefit arrangement - TrustYes
2016: GROUND EFFECTS, LLC 401(K) RETIREMENT PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01First time form 5500 has been submittedYes
2016-01-01Plan funding arrangement – InsuranceYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement – InsuranceYes
2016-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number806587-000
Policy instance 1
Insurance contract or identification number806587-000
Number of Individuals Covered0
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
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 contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number806587
Policy instance 1
Insurance contract or identification number806587
Number of Individuals Covered828
Insurance policy start date2018-01-01
Insurance policy end date2018-12-31
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
TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number806587
Policy instance 1
Insurance contract or identification number806587
Number of Individuals Covered551
Insurance policy start date2017-01-01
Insurance policy end date2017-12-31
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

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