PREMIER AUTOMOTIVE MANAGEMENT, LLC has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan PREMIER AUTOMOTIVE RETIREMENT PLAN
| Measure | Date | Value |
|---|
| 2023 : PREMIER AUTOMOTIVE RETIREMENT PLAN 2023 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2023-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-12-31 | $0 |
| Total income from all sources (including contributions) | 2023-12-31 | $11,394,125 |
| Total loss/gain on sale of assets | 2023-12-31 | $0 |
| Total of all expenses incurred | 2023-12-31 | $3,831,832 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2023-12-31 | $3,579,001 |
| Expenses. Certain deemed distributions of participant loans | 2023-12-31 | $8,335 |
| Value of total corrective distributions | 2023-12-31 | $180,186 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-12-31 | $7,363,095 |
| Value of total assets at end of year | 2023-12-31 | $30,792,812 |
| Value of total assets at beginning of year | 2023-12-31 | $23,230,519 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-12-31 | $64,310 |
| Total interest from all sources | 2023-12-31 | $61,382 |
| Total dividends received (eg from common stock, registered investment company shares) | 2023-12-31 | $24,351 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2023-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2023-12-31 | $24,351 |
| Was this plan covered by a fidelity bond | 2023-12-31 | Yes |
| Value of fidelity bond cover | 2023-12-31 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2023-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2023-12-31 | No |
| Contributions received from participants | 2023-12-31 | $5,188,045 |
| Participant contributions at end of year | 2023-12-31 | $1,144,820 |
| Participant contributions at beginning of year | 2023-12-31 | $762,847 |
| Participant contributions at end of year | 2023-12-31 | $49,160 |
| Participant contributions at beginning of year | 2023-12-31 | $30,134 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2023-12-31 | $998,616 |
| Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries) | 2023-12-31 | $6,979 |
| Other income not declared elsewhere | 2023-12-31 | $3,229 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-12-31 | No |
| Value of net income/loss | 2023-12-31 | $7,562,293 |
| Value of net assets at end of year (total assets less liabilities) | 2023-12-31 | $30,792,812 |
| Value of net assets at beginning of year (total assets less liabilities) | 2023-12-31 | $23,230,519 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2023-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2023-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2023-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2023-12-31 | $2,606,901 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2023-12-31 | $1,729,772 |
| Value of interest in pooled separate accounts at end of year | 2023-12-31 | $26,100,429 |
| Value of interest in pooled separate accounts at beginning of year | 2023-12-31 | $19,774,352 |
| Interest on participant loans | 2023-12-31 | $51,900 |
| Interest earned on other investments | 2023-12-31 | $9,482 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2023-12-31 | $887,035 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2023-12-31 | $928,041 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2023-12-31 | $467,453 |
| Net investment gain/loss from pooled separate accounts | 2023-12-31 | $3,474,615 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2023-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2023-12-31 | Yes |
| Has the plan failed to provide any benefit when due under the plan | 2023-12-31 | No |
| Contributions received in cash from employer | 2023-12-31 | $1,176,434 |
| Employer contributions (assets) at end of year | 2023-12-31 | $4,467 |
| Employer contributions (assets) at beginning of year | 2023-12-31 | $5,373 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2023-12-31 | $3,572,022 |
| Contract administrator fees | 2023-12-31 | $64,310 |
| Did the plan have assets held for investment | 2023-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2023-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2023-12-31 | Unqualified |
| Accountancy firm name | 2023-12-31 | FORVIS MAZARS, LLP |
| Accountancy firm EIN | 2023-12-31 | 440160260 |
| Total unrealized appreciation/depreciation of assets | 2023-01-01 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-01-01 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-01-01 | $0 |
| Total income from all sources (including contributions) | 2023-01-01 | $11,394,125 |
| Total loss/gain on sale of assets | 2023-01-01 | $0 |
| Total of all expenses incurred | 2023-01-01 | $3,831,832 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2023-01-01 | $3,579,001 |
| Expenses. Certain deemed distributions of participant loans | 2023-01-01 | $8,335 |
| Value of total corrective distributions | 2023-01-01 | $180,186 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-01-01 | $7,363,095 |
| Value of total assets at end of year | 2023-01-01 | $30,792,812 |
| Value of total assets at beginning of year | 2023-01-01 | $23,230,519 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-01-01 | $64,310 |
| Total interest from all sources | 2023-01-01 | $61,382 |
| Total dividends received (eg from common stock, registered investment company shares) | 2023-01-01 | $24,351 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2023-01-01 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2023-01-01 | $24,351 |
| Was this plan covered by a fidelity bond | 2023-01-01 | Yes |
| Value of fidelity bond cover | 2023-01-01 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2023-01-01 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2023-01-01 | No |
| Contributions received from participants | 2023-01-01 | $5,188,045 |
| Participant contributions at end of year | 2023-01-01 | $1,144,820 |
| Participant contributions at beginning of year | 2023-01-01 | $762,847 |
| Participant contributions at end of year | 2023-01-01 | $49,160 |
| Participant contributions at beginning of year | 2023-01-01 | $30,134 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2023-01-01 | $998,616 |
| Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries) | 2023-01-01 | $6,979 |
| Other income not declared elsewhere | 2023-01-01 | $3,229 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-01-01 | No |
| Value of net income/loss | 2023-01-01 | $7,562,293 |
| Value of net assets at end of year (total assets less liabilities) | 2023-01-01 | $30,792,812 |
| Value of net assets at beginning of year (total assets less liabilities) | 2023-01-01 | $23,230,519 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2023-01-01 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2023-01-01 | No |
| Were any leases to which the plan was party in default or uncollectible | 2023-01-01 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2023-01-01 | $2,606,901 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2023-01-01 | $1,729,772 |
| Value of interest in pooled separate accounts at end of year | 2023-01-01 | $26,100,429 |
| Value of interest in pooled separate accounts at beginning of year | 2023-01-01 | $19,774,352 |
| Interest on participant loans | 2023-01-01 | $51,900 |
| Interest earned on other investments | 2023-01-01 | $9,482 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2023-01-01 | $887,035 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2023-01-01 | $928,041 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2023-01-01 | $467,453 |
| Net investment gain/loss from pooled separate accounts | 2023-01-01 | $3,474,615 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2023-01-01 | No |
| Was there a failure to transmit to the plan any participant contributions | 2023-01-01 | Yes |
| Has the plan failed to provide any benefit when due under the plan | 2023-01-01 | No |
| Contributions received in cash from employer | 2023-01-01 | $1,176,434 |
| Employer contributions (assets) at end of year | 2023-01-01 | $4,467 |
| Employer contributions (assets) at beginning of year | 2023-01-01 | $5,373 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2023-01-01 | $3,572,022 |
| Contract administrator fees | 2023-01-01 | $64,310 |
| Did the plan have assets held for investment | 2023-01-01 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-01-01 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2023-01-01 | No |
| Opinion of an independent qualified public accountant for this plan | 2023-01-01 | 1 |
| Accountancy firm name | 2023-01-01 | FORVIS MAZARS, LLP |
| Accountancy firm EIN | 2023-01-01 | 440160260 |
