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S & K BUICK-GMC, INC. EMPLOYEES SAVINGS TRUST 401k Plan overview

Plan NameS & K BUICK-GMC, INC. EMPLOYEES SAVINGS TRUST
Plan identification number 001

S & K BUICK-GMC, INC. EMPLOYEES SAVINGS TRUST 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.

401k Sponsoring company profile

S & K BUICK-GMC, INC. has sponsored the creation of one or more 401k plans.

Company Name:S & K BUICK-GMC, INC.
Employer identification number (EIN):371282668
NAIC Classification:441110
NAIC Description:New Car Dealers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan S & K BUICK-GMC, INC. EMPLOYEES SAVINGS TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01SCHELLEI KLUMP2024-10-11
0012022-01-01SCHELLEI KLUMP2023-06-16
0012022-01-01SCHELLEI KLUMP2023-10-13
0012021-01-01SCHELLEI KLUMP2022-10-03
0012020-01-01MARY ANN PATTON2021-09-14
0012019-01-01MARY ANN PATTON2020-03-03
0012018-01-01MARY ANN PATTON2019-08-05
0012017-01-01MARYANN2018-09-17
0012016-01-01MARYANN2017-03-03
0012015-01-01MARYANN2016-10-04
0012014-01-01MARYANN PATTON2015-07-31
0012013-01-01MARY ANN PATTON2014-06-20
0012012-01-01MARYANN PATTON2013-06-13 MARYANN PATTON2013-06-13
0012011-01-01MARYANN PATTON2012-07-10
0012010-01-01MARYANN PATTON2011-06-17

Financial Data on S & K BUICK-GMC, INC. EMPLOYEES SAVINGS TRUST

Measure Date Value
2024 : S & K BUICK-GMC, INC. EMPLOYEES SAVINGS TRUST 2024 401k financial data
Total liabilities as of the end of the plan year2024-10-110
Total liabilities as of the beginning of the plan year2024-10-110
Total expenses incurred by plan in this plan year2024-10-111380281
Net assets as of the end of the plan year2024-10-112862797
Total assets as of the beginning of the plan year2024-10-113889735
Value of plan covered by a fidelity bond2024-10-11100000
Participant contributions to plan in this plan year2024-10-1199790
Other expenses paid from plan in this plan year2024-10-110
Other contributions to plan in this plan year2024-10-110
Other income to plan in this plan year2024-10-11233064
Plan net income in this plan year2024-10-11-1026938
Net assets as of the end of the plan year2024-10-112862797
Net assets as of the beginning of the plan year2024-10-113889735
Employer contributions to plan in this plan year2024-10-1120489
Expensese paid to adminstrative service provicers from plan in this plan year2024-10-11400
2022 : S & K BUICK-GMC, INC. EMPLOYEES SAVINGS TRUST 2022 401k financial data
Total expenses incurred by plan in this plan year2022-10-03771016
Net assets as of the end of the plan year2022-10-034631904
Total assets as of the beginning of the plan year2022-10-034703699
Value of plan covered by a fidelity bond2022-10-03500000
Participant contributions to plan in this plan year2022-10-03142912
Value of participant loans at end of plan year2022-10-0311749
Other income to plan in this plan year2022-10-03507140
Plan net income in this plan year2022-10-03-71795
Net assets as of the end of the plan year2022-10-034631904
Net assets as of the beginning of the plan year2022-10-034703699
Employer contributions to plan in this plan year2022-10-0349169
Fees paid to broker by Benefit Provider2022-10-032365
Expensese paid to adminstrative service provicers from plan in this plan year2022-10-0347149

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