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EMPLOYEE BENEFIT PLAN OF MAYHEW CHEVROLET, INC. 401k Plan overview

Plan NameEMPLOYEE BENEFIT PLAN OF MAYHEW CHEVROLET, INC.
Plan identification number 001

EMPLOYEE BENEFIT PLAN OF MAYHEW CHEVROLET, INC. 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

MAYHEW CHEVROLET, INC. has sponsored the creation of one or more 401k plans.

Company Name:MAYHEW CHEVROLET, INC.
Employer identification number (EIN):550249120
NAIC Classification:441110
NAIC Description:New Car Dealers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan EMPLOYEE BENEFIT PLAN OF MAYHEW CHEVROLET, INC.

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01AUSTIN WEIMER2024-09-18
0012022-01-01AUSTIN WEIMER2023-10-09
0012021-01-01AUSTIN WEIMER2022-04-14
0012020-01-01DAVID WEIMER2021-10-07
0012019-01-01DAVID WEIMER2020-10-14
0012018-01-01DAVID WEIMER2019-10-15
0012017-01-01DAVID WEIMER2018-10-12
0012016-01-01DAVID WEIMER2017-10-13
0012015-01-01DAVID WEIMER2016-10-14
0012014-01-01TAMMY REXRODE2015-04-30
0012013-01-01TAMMY REXRODE2014-08-07 TAMMY REXRODE2014-08-07
0012012-01-01TAMMY REXRODE2013-06-28 TAMMY REXRODE2013-06-28
0012011-01-01TAMMY REXRODE2012-06-12 TAMMY REXRODE2012-06-12
0012010-01-01LINDA DAVIS2011-10-31

Plan Statistics for EMPLOYEE BENEFIT PLAN OF MAYHEW CHEVROLET, INC.

401k plan membership statisitcs for EMPLOYEE BENEFIT PLAN OF MAYHEW CHEVROLET, INC.

Measure Date Value
2024: EMPLOYEE BENEFIT PLAN OF MAYHEW CHEVROLET, INC. 2024 401k membership
Total number of particpants at beginning of year2024-09-1879
Total number of particpants at end of year2024-09-1881
Number of Participants With Account Balances2024-09-1819
2022: EMPLOYEE BENEFIT PLAN OF MAYHEW CHEVROLET, INC. 2022 401k membership
Total number of particpants at beginning of year2022-04-1491
Total number of particpants at end of year2022-04-1469
Number of Participants With Account Balances2022-04-1424

Financial Data on EMPLOYEE BENEFIT PLAN OF MAYHEW CHEVROLET, INC.

Measure Date Value
2024 : EMPLOYEE BENEFIT PLAN OF MAYHEW CHEVROLET, INC. 2024 401k financial data
Total expenses incurred by plan in this plan year2024-09-1899032
Net assets as of the end of the plan year2024-09-18635678
Total assets as of the beginning of the plan year2024-09-18582835
Value of plan covered by a fidelity bond2024-09-1860000
Participant contributions to plan in this plan year2024-09-1845050
Other income to plan in this plan year2024-09-1887316
Plan net income in this plan year2024-09-1852843
Net assets as of the end of the plan year2024-09-18635678
Net assets as of the beginning of the plan year2024-09-18582835
Employer contributions to plan in this plan year2024-09-1819509
Expensese paid to adminstrative service provicers from plan in this plan year2024-09-184119
2022 : EMPLOYEE BENEFIT PLAN OF MAYHEW CHEVROLET, INC. 2022 401k financial data
Total expenses incurred by plan in this plan year2022-04-14270523
Net assets as of the end of the plan year2022-04-14722790
Total assets as of the beginning of the plan year2022-04-14793400
Participant contributions to plan in this plan year2022-04-1460252
Value of participant loans at end of plan year2022-04-14975
Other income to plan in this plan year2022-04-14119907
Plan net income in this plan year2022-04-14-70610
Net assets as of the end of the plan year2022-04-14722790
Net assets as of the beginning of the plan year2022-04-14793400
Employer contributions to plan in this plan year2022-04-1419754
Expensese paid to adminstrative service provicers from plan in this plan year2022-04-145900

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