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JOHN P. LOCHEN CO., INC. SAVINGS AND RETIREMENT PLAN 401k Plan overview

Plan NameJOHN P. LOCHEN CO., INC. SAVINGS AND RETIREMENT PLAN
Plan identification number 001

JOHN P. LOCHEN CO., INC. SAVINGS AND RETIREMENT 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.

401k Sponsoring company profile

JOHN P. LOCHEN CO., INC. has sponsored the creation of one or more 401k plans.

Company Name:JOHN P. LOCHEN CO., INC.
Employer identification number (EIN):390918471
NAIC Classification:441110
NAIC Description:New Car Dealers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan JOHN P. LOCHEN CO., INC. SAVINGS AND RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01MICHAEL G. LOCHEN2020-03-24
0012018-01-01MICHAEL G. LOCHEN2019-03-13
0012017-01-01MICHAEL G. LOCHEN2018-03-21
0012016-01-01MICHAEL G. LOCHEN2017-01-28
0012015-01-01MICHAEL G. LOCHEN2016-05-13
0012014-01-01MICHAEL G. LOCHEN2015-02-26
0012013-01-01MICHAEL G. LOCHEN2014-01-30
0012012-01-01MICHAEL G. LOCHEN2013-06-28
0012011-01-01MICHAEL G. LOCHEN2012-07-18
0012010-01-01MICHAEL LOCHEN2011-05-26

Plan Statistics for JOHN P. LOCHEN CO., INC. SAVINGS AND RETIREMENT PLAN

401k plan membership statisitcs for JOHN P. LOCHEN CO., INC. SAVINGS AND RETIREMENT PLAN

Measure Date Value
2024: JOHN P. LOCHEN CO., INC. SAVINGS AND RETIREMENT PLAN 2024 401k membership
Total number of particpants at beginning of year2024-10-0833
Total number of particpants at end of year2024-10-0826
Number of Participants With Account Balances2024-10-0826
2022: JOHN P. LOCHEN CO., INC. SAVINGS AND RETIREMENT PLAN 2022 401k membership
Total number of particpants at beginning of year2022-10-1224
Total number of particpants at end of year2022-10-1226
Number of Participants With Account Balances2022-10-1226

Financial Data on JOHN P. LOCHEN CO., INC. SAVINGS AND RETIREMENT PLAN

Measure Date Value
2024 : JOHN P. LOCHEN CO., INC. SAVINGS AND RETIREMENT PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-10-08185996
Net assets as of the end of the plan year2024-10-084087586
Total assets as of the beginning of the plan year2024-10-083758338
Value of plan covered by a fidelity bond2024-10-08500000
Participant contributions to plan in this plan year2024-10-0889672
Other contributions to plan in this plan year2024-10-0833338
Other income to plan in this plan year2024-10-08353758
Plan net income in this plan year2024-10-08329248
Net assets as of the end of the plan year2024-10-084087586
Net assets as of the beginning of the plan year2024-10-083758338
Employer contributions to plan in this plan year2024-10-0838476
Fees paid to broker by Benefit Provider2024-10-081212
Expensese paid to adminstrative service provicers from plan in this plan year2024-10-088329
2022 : JOHN P. LOCHEN CO., INC. SAVINGS AND RETIREMENT PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-10-128021
Net assets as of the end of the plan year2022-10-124516859
Total assets as of the beginning of the plan year2022-10-123788382
Value of plan covered by a fidelity bond2022-10-12400000
Participant contributions to plan in this plan year2022-10-1269474
Other contributions to plan in this plan year2022-10-1232583
Other income to plan in this plan year2022-10-12604814
Plan net income in this plan year2022-10-12728477
Net assets as of the end of the plan year2022-10-124516859
Net assets as of the beginning of the plan year2022-10-123788382
Employer contributions to plan in this plan year2022-10-1229627
Expensese paid to adminstrative service provicers from plan in this plan year2022-10-12107

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