401k Plan data: MOTOR INN INC PROFIT SHARING TRUST plan

MOTOR INN INC PROFIT SHARING TRUST 401k Plan overview

Plan Name	MOTOR INN INC PROFIT SHARING TRUST
Plan identification number	001

MOTOR INN INC PROFIT SHARING TRUST Benefits

401k Plan Type

Defined 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.
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.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

MOTOR INN INC has sponsored the creation of one or more 401k plans.

Company Name: MOTOR INN INC

Employer identification number (EIN): 420883639

NAIC Classification: 441110
NAIC Description: New Car Dealers

Additional information about MOTOR INN INC

Jurisdiction of Incorporation: Georgia Department of States Corporations Division

Incorporation Date:

Company Identification Number: 781004

More information about MOTOR INN INC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MOTOR INN INC PROFIT SHARING TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01
001 2021-01-01
001 2020-01-01
001 2019-01-01
001 2018-01-01 MARK HEYWOOD
001 2017-01-01 MARK HEYWOOD
001 2016-01-01 MARK HEYWOOD
001 2015-01-01 MARK HEYWOOD
001 2014-01-01 MARK HEYWOOD
001 2013-01-01 MARK HEYWOOD
001 2012-01-01 MARK HEYWOOD
001 2011-01-01 MARK HEYWOOD
001 2010-01-01 MARK HEYWOOD
001 2009-01-01 MARK HEYWOOD
001 2009-01-01 MARK R HEYWOOD MARK R HEYWOOD 2010-06-08

Plan Statistics for MOTOR INN INC PROFIT SHARING TRUST

401k plan membership statisitcs for MOTOR INN INC PROFIT SHARING TRUST

Measure Date Value
2018: MOTOR INN INC PROFIT SHARING TRUST 2018 401k membership
Total participants, beginning-of-year 2018-01-01 75
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 56
Number of other retired or separated participants entitled to future benefits 2018-01-01 9
Total of all active and inactive participants 2018-01-01 65
Total participants 2018-01-01 65
Number of participants with account balances 2018-01-01 65
2017: MOTOR INN INC PROFIT SHARING TRUST 2017 401k membership
Total participants, beginning-of-year 2017-01-01 18
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 73
Number of other retired or separated participants entitled to future benefits 2017-01-01 5
Total of all active and inactive participants 2017-01-01 78
Total participants 2017-01-01 78
Number of participants with account balances 2017-01-01 80
2016: MOTOR INN INC PROFIT SHARING TRUST 2016 401k membership
Total participants, beginning-of-year 2016-01-01 19
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 15
Number of other retired or separated participants entitled to future benefits 2016-01-01 2
Total of all active and inactive participants 2016-01-01 17
Total participants 2016-01-01 17
Number of participants with account balances 2016-01-01 16
2015: MOTOR INN INC PROFIT SHARING TRUST 2015 401k membership
Total participants, beginning-of-year 2015-01-01 23
Total number of active participants reported on line 7a of the Form 5500 2015-01-01 14
Number of other retired or separated participants entitled to future benefits 2015-01-01 5
Total of all active and inactive participants 2015-01-01 19
Total participants 2015-01-01 19
Number of participants with account balances 2015-01-01 19
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2015-01-01 0
2014: MOTOR INN INC PROFIT SHARING TRUST 2014 401k membership
Total participants, beginning-of-year 2014-01-01 21
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 16
Number of other retired or separated participants entitled to future benefits 2014-01-01 7
Total of all active and inactive participants 2014-01-01 23
Total participants 2014-01-01 23
Number of participants with account balances 2014-01-01 20
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 0
2013: MOTOR INN INC PROFIT SHARING TRUST 2013 401k membership
Total participants, beginning-of-year 2013-01-01 19
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 15
Number of other retired or separated participants entitled to future benefits 2013-01-01 6
Total of all active and inactive participants 2013-01-01 21
Total participants 2013-01-01 21
Number of participants with account balances 2013-01-01 21
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 0
2012: MOTOR INN INC PROFIT SHARING TRUST 2012 401k membership
Total participants, beginning-of-year 2012-01-01 20
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 12
Number of other retired or separated participants entitled to future benefits 2012-01-01 7
Total of all active and inactive participants 2012-01-01 19
Total participants 2012-01-01 19
Number of participants with account balances 2012-01-01 19
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 0
2011: MOTOR INN INC PROFIT SHARING TRUST 2011 401k membership
Total participants, beginning-of-year 2011-01-01 22
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 14
Number of other retired or separated participants entitled to future benefits 2011-01-01 6
Total of all active and inactive participants 2011-01-01 20
Total participants 2011-01-01 20
Number of participants with account balances 2011-01-01 20
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 0
2010: MOTOR INN INC PROFIT SHARING TRUST 2010 401k membership
Total participants, beginning-of-year 2010-01-01 20
Total number of active participants reported on line 7a of the Form 5500 2010-01-01 16
Number of other retired or separated participants entitled to future benefits 2010-01-01 6
Total of all active and inactive participants 2010-01-01 22
Total participants 2010-01-01 22
Number of participants with account balances 2010-01-01 22
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2010-01-01 0
2009: MOTOR INN INC PROFIT SHARING TRUST 2009 401k membership
Total participants, beginning-of-year 2009-01-01 20
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 16
Number of other retired or separated participants entitled to future benefits 2009-01-01 4
Total of all active and inactive participants 2009-01-01 20
Total participants 2009-01-01 20
Number of participants with account balances 2009-01-01 20
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 1

Measure	Date	Value
2018: MOTOR INN INC PROFIT SHARING TRUST 2018 401k membership
Total participants, beginning-of-year	2018-01-01	75
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	56
Number of other retired or separated participants entitled to future benefits	2018-01-01	9
Total of all active and inactive participants	2018-01-01	65
Total participants	2018-01-01	65
Number of participants with account balances	2018-01-01	65
2017: MOTOR INN INC PROFIT SHARING TRUST 2017 401k membership
Total participants, beginning-of-year	2017-01-01	18
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	73
Number of other retired or separated participants entitled to future benefits	2017-01-01	5
Total of all active and inactive participants	2017-01-01	78
Total participants	2017-01-01	78
Number of participants with account balances	2017-01-01	80
2016: MOTOR INN INC PROFIT SHARING TRUST 2016 401k membership
Total participants, beginning-of-year	2016-01-01	19
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	15
Number of other retired or separated participants entitled to future benefits	2016-01-01	2
Total of all active and inactive participants	2016-01-01	17
Total participants	2016-01-01	17
Number of participants with account balances	2016-01-01	16
2015: MOTOR INN INC PROFIT SHARING TRUST 2015 401k membership
Total participants, beginning-of-year	2015-01-01	23
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	14
Number of other retired or separated participants entitled to future benefits	2015-01-01	5
Total of all active and inactive participants	2015-01-01	19
Total participants	2015-01-01	19
Number of participants with account balances	2015-01-01	19
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-01-01	0
2014: MOTOR INN INC PROFIT SHARING TRUST 2014 401k membership
Total participants, beginning-of-year	2014-01-01	21
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	16
Number of other retired or separated participants entitled to future benefits	2014-01-01	7
Total of all active and inactive participants	2014-01-01	23
Total participants	2014-01-01	23
Number of participants with account balances	2014-01-01	20
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	0
2013: MOTOR INN INC PROFIT SHARING TRUST 2013 401k membership
Total participants, beginning-of-year	2013-01-01	19
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	15
Number of other retired or separated participants entitled to future benefits	2013-01-01	6
Total of all active and inactive participants	2013-01-01	21
Total participants	2013-01-01	21
Number of participants with account balances	2013-01-01	21
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	0
2012: MOTOR INN INC PROFIT SHARING TRUST 2012 401k membership
Total participants, beginning-of-year	2012-01-01	20
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	12
Number of other retired or separated participants entitled to future benefits	2012-01-01	7
Total of all active and inactive participants	2012-01-01	19
Total participants	2012-01-01	19
Number of participants with account balances	2012-01-01	19
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	0
2011: MOTOR INN INC PROFIT SHARING TRUST 2011 401k membership
Total participants, beginning-of-year	2011-01-01	22
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	14
Number of other retired or separated participants entitled to future benefits	2011-01-01	6
Total of all active and inactive participants	2011-01-01	20
Total participants	2011-01-01	20
Number of participants with account balances	2011-01-01	20
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	0
2010: MOTOR INN INC PROFIT SHARING TRUST 2010 401k membership
Total participants, beginning-of-year	2010-01-01	20
Total number of active participants reported on line 7a of the Form 5500	2010-01-01	16
Number of other retired or separated participants entitled to future benefits	2010-01-01	6
Total of all active and inactive participants	2010-01-01	22
Total participants	2010-01-01	22
Number of participants with account balances	2010-01-01	22
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2010-01-01	0
2009: MOTOR INN INC PROFIT SHARING TRUST 2009 401k membership
Total participants, beginning-of-year	2009-01-01	20
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	16
Number of other retired or separated participants entitled to future benefits	2009-01-01	4
Total of all active and inactive participants	2009-01-01	20
Total participants	2009-01-01	20
Number of participants with account balances	2009-01-01	20
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	1

Financial Data on MOTOR INN INC PROFIT SHARING TRUST

Measure	Date	Value
2018 : MOTOR INN INC PROFIT SHARING TRUST 2018 401k financial data
Total income from all sources	2018-12-31	$-192,065
Expenses. Total of all expenses incurred	2018-12-31	$378,613
Benefits paid (including direct rollovers)	2018-12-31	$378,613
Total plan assets at end of year	2018-12-31	$2,473,207
Total plan assets at beginning of year	2018-12-31	$3,043,885
Value of fidelity bond covering the plan	2018-12-31	$400,000
Other income received	2018-12-31	$-192,065
Net income (gross income less expenses)	2018-12-31	$-570,678
Net plan assets at end of year (total assets less liabilities)	2018-12-31	$2,473,207
Net plan assets at beginning of year (total assets less liabilities)	2018-12-31	$3,043,885
2017 : MOTOR INN INC PROFIT SHARING TRUST 2017 401k financial data
Transfers to/from the plan	2017-12-31	$1,763,690
Total income from all sources	2017-12-31	$325,213
Expenses. Total of all expenses incurred	2017-12-31	$15,336
Benefits paid (including direct rollovers)	2017-12-31	$15,336
Total plan assets at end of year	2017-12-31	$3,043,885
Total plan assets at beginning of year	2017-12-31	$970,318
Value of fidelity bond covering the plan	2017-12-31	$200,000
Other income received	2017-12-31	$225,986
Net income (gross income less expenses)	2017-12-31	$309,877
Net plan assets at end of year (total assets less liabilities)	2017-12-31	$3,043,885
Net plan assets at beginning of year (total assets less liabilities)	2017-12-31	$970,318
Total contributions received or receivable from employer(s)	2017-12-31	$99,227
2016 : MOTOR INN INC PROFIT SHARING TRUST 2016 401k financial data
Transfers to/from the plan	2016-12-31	$944
Total income from all sources	2016-12-31	$115,977
Expenses. Total of all expenses incurred	2016-12-31	$10,403
Benefits paid (including direct rollovers)	2016-12-31	$10,403
Total plan assets at end of year	2016-12-31	$970,318
Total plan assets at beginning of year	2016-12-31	$863,800
Value of fidelity bond covering the plan	2016-12-31	$200,000
Other income received	2016-12-31	$96,360
Net income (gross income less expenses)	2016-12-31	$105,574
Net plan assets at end of year (total assets less liabilities)	2016-12-31	$970,318
Net plan assets at beginning of year (total assets less liabilities)	2016-12-31	$863,800
Total contributions received or receivable from employer(s)	2016-12-31	$19,617
2015 : MOTOR INN INC PROFIT SHARING TRUST 2015 401k financial data
Total income from all sources	2015-12-31	$13,398
Expenses. Total of all expenses incurred	2015-12-31	$22,356
Benefits paid (including direct rollovers)	2015-12-31	$22,356
Total plan assets at end of year	2015-12-31	$863,800
Total plan assets at beginning of year	2015-12-31	$872,758
Value of fidelity bond covering the plan	2015-12-31	$200,000
Other income received	2015-12-31	$-4,018
Net income (gross income less expenses)	2015-12-31	$-8,958
Net plan assets at end of year (total assets less liabilities)	2015-12-31	$863,800
Net plan assets at beginning of year (total assets less liabilities)	2015-12-31	$872,758
Total contributions received or receivable from employer(s)	2015-12-31	$17,416
2014 : MOTOR INN INC PROFIT SHARING TRUST 2014 401k financial data
Total income from all sources	2014-12-31	$84,570
Expenses. Total of all expenses incurred	2014-12-31	$59,907
Benefits paid (including direct rollovers)	2014-12-31	$59,907
Total plan assets at end of year	2014-12-31	$872,758
Total plan assets at beginning of year	2014-12-31	$848,095
Value of fidelity bond covering the plan	2014-12-31	$200,000
Other income received	2014-12-31	$66,054
Net income (gross income less expenses)	2014-12-31	$24,663
Net plan assets at end of year (total assets less liabilities)	2014-12-31	$872,758
Net plan assets at beginning of year (total assets less liabilities)	2014-12-31	$848,095
Total contributions received or receivable from employer(s)	2014-12-31	$18,516
2013 : MOTOR INN INC PROFIT SHARING TRUST 2013 401k financial data
Total income from all sources	2013-12-31	$205,369
Expenses. Total of all expenses incurred	2013-12-31	$7,140
Benefits paid (including direct rollovers)	2013-12-31	$7,140
Total plan assets at end of year	2013-12-31	$848,095
Total plan assets at beginning of year	2013-12-31	$649,866
Value of fidelity bond covering the plan	2013-12-31	$200,000
Other income received	2013-12-31	$185,562
Net income (gross income less expenses)	2013-12-31	$198,229
Net plan assets at end of year (total assets less liabilities)	2013-12-31	$848,095
Net plan assets at beginning of year (total assets less liabilities)	2013-12-31	$649,866
Total contributions received or receivable from employer(s)	2013-12-31	$19,807
2012 : MOTOR INN INC PROFIT SHARING TRUST 2012 401k financial data
Total income from all sources	2012-12-31	$89,845
Expenses. Total of all expenses incurred	2012-12-31	$13,122
Benefits paid (including direct rollovers)	2012-12-31	$13,122
Total plan assets at end of year	2012-12-31	$649,866
Total plan assets at beginning of year	2012-12-31	$573,143
Value of fidelity bond covering the plan	2012-12-31	$200,000
Other income received	2012-12-31	$75,540
Net income (gross income less expenses)	2012-12-31	$76,723
Net plan assets at end of year (total assets less liabilities)	2012-12-31	$649,866
Net plan assets at beginning of year (total assets less liabilities)	2012-12-31	$573,143
Total contributions received or receivable from employer(s)	2012-12-31	$14,305
2011 : MOTOR INN INC PROFIT SHARING TRUST 2011 401k financial data
Total income from all sources	2011-12-31	$36,972
Expenses. Total of all expenses incurred	2011-12-31	$56,740
Benefits paid (including direct rollovers)	2011-12-31	$56,740
Total plan assets at end of year	2011-12-31	$573,143
Total plan assets at beginning of year	2011-12-31	$592,911
Value of fidelity bond covering the plan	2011-12-31	$200,000
Other income received	2011-12-31	$14,620
Net income (gross income less expenses)	2011-12-31	$-19,768
Net plan assets at end of year (total assets less liabilities)	2011-12-31	$573,143
Net plan assets at beginning of year (total assets less liabilities)	2011-12-31	$592,911
Total contributions received or receivable from employer(s)	2011-12-31	$22,352
2010 : MOTOR INN INC PROFIT SHARING TRUST 2010 401k financial data
Total income from all sources	2010-12-31	$86,790
Expenses. Total of all expenses incurred	2010-12-31	$7,000
Benefits paid (including direct rollovers)	2010-12-31	$7,000
Total plan assets at end of year	2010-12-31	$592,911
Total plan assets at beginning of year	2010-12-31	$513,121
Value of fidelity bond covering the plan	2010-12-31	$800,000
Other income received	2010-12-31	$61,922
Net income (gross income less expenses)	2010-12-31	$79,790
Net plan assets at end of year (total assets less liabilities)	2010-12-31	$592,911
Net plan assets at beginning of year (total assets less liabilities)	2010-12-31	$513,121
Total contributions received or receivable from employer(s)	2010-12-31	$24,868

Form 5500 Responses for MOTOR INN INC PROFIT SHARING TRUST

2018: MOTOR INN INC PROFIT SHARING TRUST 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes
2017: MOTOR INN INC PROFIT SHARING TRUST 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes
2016: MOTOR INN INC PROFIT SHARING TRUST 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes
2015: MOTOR INN INC PROFIT SHARING TRUST 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes
2014: MOTOR INN INC PROFIT SHARING TRUST 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes
2013: MOTOR INN INC PROFIT SHARING TRUST 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: MOTOR INN INC PROFIT SHARING TRUST 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: MOTOR INN INC PROFIT SHARING TRUST 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2010: MOTOR INN INC PROFIT SHARING TRUST 2010 form 5500 responses
2010-01-01	Type of plan entity	Single employer plan
2010-01-01	Plan funding arrangement – Trust	Yes
2010-01-01	Plan benefit arrangement - Trust	Yes
2009: MOTOR INN INC PROFIT SHARING TRUST 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	Yes
2009-01-01	This submission is the final filing	No
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	MOTOR INN INC
Employer identification number (EIN):	420883639
NAIC Classification:	441110
NAIC Description:	New Car Dealers

Jurisdiction of Incorporation:	Georgia Department of States Corporations Division
Incorporation Date:
Company Identification Number:	781004

Plan id#	Filing Submission Date	Name of Administrator	Name of Company Sponsor	Date Sponsor Signed
001	2022-01-01
001	2021-01-01
001	2020-01-01
001	2019-01-01
001	2018-01-01	MARK HEYWOOD
001	2017-01-01	MARK HEYWOOD
001	2016-01-01	MARK HEYWOOD
001	2015-01-01	MARK HEYWOOD
001	2014-01-01	MARK HEYWOOD
001	2013-01-01	MARK HEYWOOD
001	2012-01-01	MARK HEYWOOD
001	2011-01-01	MARK HEYWOOD
001	2010-01-01	MARK HEYWOOD
001	2009-01-01	MARK HEYWOOD
001	2009-01-01	MARK R HEYWOOD	MARK R HEYWOOD	2010-06-08