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GULF COAST CLASSIC CARS, INC. 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameGULF COAST CLASSIC CARS, INC. 401(K) PROFIT SHARING PLAN
Plan identification number 001

GULF COAST CLASSIC CARS, INC. 401(K) PROFIT SHARING 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.
  • 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

GULF COAST CLASSIC CARS, INC. has sponsored the creation of one or more 401k plans.

Company Name:GULF COAST CLASSIC CARS, INC.
Employer identification number (EIN):460570230
NAIC Classification:441120
NAIC Description:Used Car Dealers

Additional information about GULF COAST CLASSIC CARS, INC.

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 2012-07-13
Company Identification Number: 0801625136
Legal Registered Office Address: 9615 REESE CV

DRIPPING SPGS
United States of America (USA)
78620

More information about GULF COAST CLASSIC CARS, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan GULF COAST CLASSIC CARS, INC. 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012013-01-01LARRY SMITH
0012012-09-17LARRY SMITH

Plan Statistics for GULF COAST CLASSIC CARS, INC. 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for GULF COAST CLASSIC CARS, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2013: GULF COAST CLASSIC CARS, INC. 401(K) PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-011
Total number of active participants reported on line 7a of the Form 55002013-01-011
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-010
Total of all active and inactive participants2013-01-011
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-011
Number of participants with account balances2013-01-011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: GULF COAST CLASSIC CARS, INC. 401(K) PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year2012-09-171
Total number of active participants reported on line 7a of the Form 55002012-09-171
Number of retired or separated participants receiving benefits2012-09-170
Number of other retired or separated participants entitled to future benefits2012-09-170
Total of all active and inactive participants2012-09-171
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-09-170
Total participants2012-09-171
Number of participants with account balances2012-09-171
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-09-170

Financial Data on GULF COAST CLASSIC CARS, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2013 : GULF COAST CLASSIC CARS, INC. 401(K) PROFIT SHARING PLAN 2013 401k financial data
Total income from all sources2013-12-31$6
Total plan assets at end of year2013-12-31$441,622
Total plan assets at beginning of year2013-12-31$441,616
Other income received2013-12-31$6
Net income (gross income less expenses)2013-12-31$6
Net plan assets at end of year (total assets less liabilities)2013-12-31$441,622
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$441,616
Assets. Value of employer securities2013-12-31$434,280
2012 : GULF COAST CLASSIC CARS, INC. 401(K) PROFIT SHARING PLAN 2012 401k financial data
Total income from all sources2012-12-31$441,619
Expenses. Total of all expenses incurred2012-12-31$3
Total plan assets at end of year2012-12-31$441,616
Total plan assets at beginning of year2012-12-31$0
Expenses. Other expenses not covered elsewhere2012-12-31$3
Contributions received from other sources (not participants or employers)2012-12-31$437,000
Other income received2012-12-31$4,619
Net income (gross income less expenses)2012-12-31$441,616
Net plan assets at end of year (total assets less liabilities)2012-12-31$441,616
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$0
Assets. Value of employer securities2012-12-31$434,280

Form 5500 Responses for GULF COAST CLASSIC CARS, INC. 401(K) PROFIT SHARING PLAN

2013: GULF COAST CLASSIC CARS, INC. 401(K) PROFIT SHARING PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: GULF COAST CLASSIC CARS, INC. 401(K) PROFIT SHARING PLAN 2012 form 5500 responses
2012-09-17Type of plan entitySingle employer plan
2012-09-17First time form 5500 has been submittedYes
2012-09-17This return/report is a short plan year return/report (less than 12 months)Yes
2012-09-17Plan funding arrangement – TrustYes
2012-09-17Plan benefit arrangement - TrustYes

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