401k Plan data: 401K SAFE, LLC MULTIPLE EMPLOYER 401(K) PLAN plan

401K SAFE, LLC MULTIPLE EMPLOYER 401(K) PLAN 401k Plan overview

Plan Name	401K SAFE, LLC MULTIPLE EMPLOYER 401(K) PLAN
Plan identification number	003

401K SAFE, LLC MULTIPLE EMPLOYER 401(K) PLAN Benefits

401k Plan Type

Defined 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.

401k Sponsoring company profile

INTERNATIONAL AUTO PROCESSING INC has sponsored the creation of one or more 401k plans.

Company Name: INTERNATIONAL AUTO PROCESSING INC

Employer identification number (EIN): 581656828

NAIC Classification: 493100

Form 5500 Filing Information

Submission information for form 5500 for 401k plan 401K SAFE, LLC MULTIPLE EMPLOYER 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
003 2014-01-01 LEE LICHTENSTEIN
003 2013-01-01 LEE LICHTENSTEIN

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
003	2014-01-01	LEE LICHTENSTEIN
003	2013-01-01	LEE LICHTENSTEIN

Plan Statistics for 401K SAFE, LLC MULTIPLE EMPLOYER 401(K) PLAN

401k plan membership statisitcs for 401K SAFE, LLC MULTIPLE EMPLOYER 401(K) PLAN

Measure Date Value
2014: 401K SAFE, LLC MULTIPLE EMPLOYER 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year 2014-01-01 192
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 0
Number of retired or separated participants receiving benefits 2014-01-01 0
Number of other retired or separated participants entitled to future benefits 2014-01-01 0
Total of all active and inactive participants 2014-01-01 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-01-01 0
Total participants 2014-01-01 0
Number of participants with account balances 2014-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 0
2013: 401K SAFE, LLC MULTIPLE EMPLOYER 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year 2013-01-01 178
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 187
Number of retired or separated participants receiving benefits 2013-01-01 0
Number of other retired or separated participants entitled to future benefits 2013-01-01 4
Total of all active and inactive participants 2013-01-01 191
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-01-01 0
Total participants 2013-01-01 191
Number of participants with account balances 2013-01-01 113
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 0

Measure	Date	Value
2014: 401K SAFE, LLC MULTIPLE EMPLOYER 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year	2014-01-01	192
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	0
Number of retired or separated participants receiving benefits	2014-01-01	0
Number of other retired or separated participants entitled to future benefits	2014-01-01	0
Total of all active and inactive participants	2014-01-01	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-01-01	0
Total participants	2014-01-01	0
Number of participants with account balances	2014-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	0
2013: 401K SAFE, LLC MULTIPLE EMPLOYER 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year	2013-01-01	178
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	187
Number of retired or separated participants receiving benefits	2013-01-01	0
Number of other retired or separated participants entitled to future benefits	2013-01-01	4
Total of all active and inactive participants	2013-01-01	191
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-01-01	0
Total participants	2013-01-01	191
Number of participants with account balances	2013-01-01	113
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	0

Financial Data on 401K SAFE, LLC MULTIPLE EMPLOYER 401(K) PLAN

Measure	Date	Value
2014 : 401K SAFE, LLC MULTIPLE EMPLOYER 401(K) PLAN 2014 401k financial data
Total unrealized appreciation/depreciation of assets	2014-10-14	$0
Total transfer of assets from this plan	2014-10-14	$3,252,026
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2014-10-14	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2014-10-14	$0
Total income from all sources (including contributions)	2014-10-14	$326,118
Total loss/gain on sale of assets	2014-10-14	$0
Total of all expenses incurred	2014-10-14	$222,414
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2014-10-14	$183,020
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2014-10-14	$370,936
Value of total assets at end of year	2014-10-14	$0
Value of total assets at beginning of year	2014-10-14	$3,148,322
Total of administrative expenses incurred including professional, contract, advisory and management fees	2014-10-14	$39,394
Total interest from all sources	2014-10-14	$6,265
Total dividends received (eg from common stock, registered investment company shares)	2014-10-14	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2014-10-14	Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan	2014-10-14	$0
Administrative expenses professional fees incurred	2014-10-14	$300
Was this plan covered by a fidelity bond	2014-10-14	Yes
Value of fidelity bond cover	2014-10-14	$500,000
If this is an individual account plan, was there a blackout period	2014-10-14	No
Were there any nonexempt tranactions with any party-in-interest	2014-10-14	No
Contributions received from participants	2014-10-14	$247,667
Participant contributions at beginning of year	2014-10-14	$224,277
Participant contributions at beginning of year	2014-10-14	$6,384
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2014-10-14	$4,261
Other income not declared elsewhere	2014-10-14	$132
Administrative expenses (other) incurred	2014-10-14	$15,515
Total non interest bearing cash at end of year	2014-10-14	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2014-10-14	No
Value of net income/loss	2014-10-14	$103,704
Value of net assets at end of year (total assets less liabilities)	2014-10-14	$0
Value of net assets at beginning of year (total assets less liabilities)	2014-10-14	$3,148,322
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2014-10-14	No
Were any loans by the plan or fixed income obligations due to the plan in default	2014-10-14	No
Were any leases to which the plan was party in default or uncollectible	2014-10-14	No
Value of interest in pooled separate accounts at beginning of year	2014-10-14	$2,627,135
Interest on participant loans	2014-10-14	$6,265
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2014-10-14	$282,632
Net investment gain/loss from pooled separate accounts	2014-10-14	$-51,215
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2014-10-14	No
Was there a failure to transmit to the plan any participant contributions	2014-10-14	Yes
Has the plan failed to provide any benefit when due under the plan	2014-10-14	No
Contributions received in cash from employer	2014-10-14	$123,269
Employer contributions (assets) at beginning of year	2014-10-14	$3,633
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2014-10-14	$183,020
Contract administrator fees	2014-10-14	$23,579
Did the plan have assets held for investment	2014-10-14	No
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	2014-10-14	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2014-10-14	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2014-10-14	Yes
Opinion of an independent qualified public accountant for this plan	2014-10-14	Disclaimer
Accountancy firm name	2014-10-14	WARREN AVERETT, LLC
Accountancy firm EIN	2014-10-14	454084437
2013 : 401K SAFE, LLC MULTIPLE EMPLOYER 401(K) PLAN 2013 401k financial data
Total unrealized appreciation/depreciation of assets	2013-12-31	$0
Total transfer of assets to this plan	2013-12-31	$3,005,730
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2013-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2013-12-31	$0
Total income from all sources (including contributions)	2013-12-31	$792,342
Total loss/gain on sale of assets	2013-12-31	$0
Total of all expenses incurred	2013-12-31	$649,750
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2013-12-31	$606,843
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2013-12-31	$378,676
Value of total assets at end of year	2013-12-31	$3,148,322
Value of total assets at beginning of year	2013-12-31	$0
Total of administrative expenses incurred including professional, contract, advisory and management fees	2013-12-31	$42,907
Total interest from all sources	2013-12-31	$9,037
Total dividends received (eg from common stock, registered investment company shares)	2013-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2013-12-31	No
Was this plan covered by a fidelity bond	2013-12-31	Yes
Value of fidelity bond cover	2013-12-31	$314,832
If this is an individual account plan, was there a blackout period	2013-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2013-12-31	No
Contributions received from participants	2013-12-31	$259,062
Participant contributions at end of year	2013-12-31	$224,277
Participant contributions at end of year	2013-12-31	$6,384
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)	2013-12-31	$839
Value of other receiveables (less allowance for doubtful accounts) at end of year	2013-12-31	$4,261
Other income not declared elsewhere	2013-12-31	$30
Administrative expenses (other) incurred	2013-12-31	$14,235
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2013-12-31	No
Value of net income/loss	2013-12-31	$142,592
Value of net assets at end of year (total assets less liabilities)	2013-12-31	$3,148,322
Value of net assets at beginning of year (total assets less liabilities)	2013-12-31	$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2013-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2013-12-31	No
Were any leases to which the plan was party in default or uncollectible	2013-12-31	No
Value of interest in pooled separate accounts at end of year	2013-12-31	$2,627,135
Interest on participant loans	2013-12-31	$9,037
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2013-12-31	$282,632
Net investment gain/loss from pooled separate accounts	2013-12-31	$404,599
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2013-12-31	No
Was there a failure to transmit to the plan any participant contributions	2013-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2013-12-31	No
Contributions received in cash from employer	2013-12-31	$119,614
Employer contributions (assets) at end of year	2013-12-31	$3,633
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2013-12-31	$606,004
Contract administrator fees	2013-12-31	$28,672
Did the plan have assets held for investment	2013-12-31	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	2013-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2013-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2013-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2013-12-31	Disclaimer
Accountancy firm name	2013-12-31	WARREN AVERETT, LLC
Accountancy firm EIN	2013-12-31	454084437

Form 5500 Responses for 401K SAFE, LLC MULTIPLE EMPLOYER 401(K) PLAN

2014: 401K SAFE, LLC MULTIPLE EMPLOYER 401(K) PLAN 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Submission has been amended	No
2014-01-01	This submission is the final filing	Yes
2014-01-01	This return/report is a short plan year return/report (less than 12 months)	Yes
2014-01-01	Plan is a collectively bargained plan	No
2014-01-01	Plan funding arrangement – Insurance	Yes
2014-01-01	Plan funding arrangement – Section 412(e)(3) insurance Contracts	Yes
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement – Insurance	Yes
2014-01-01	Plan benefit arrangement – Section 412(e)(3) insurance Contracts	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes
2013: 401K SAFE, LLC MULTIPLE EMPLOYER 401(K) PLAN 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	First time form 5500 has been submitted	Yes
2013-01-01	Submission has been amended	No
2013-01-01	This submission is the final filing	No
2013-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2013-01-01	Plan is a collectively bargained plan	No
2013-01-01	Plan funding arrangement – Insurance	Yes
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement – Insurance	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

THE LINCOLN NATIONAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65676 )
Policy contract number	77121
Policy instance	1
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65676 )
Policy contract number	77121
Policy instance	1

Potentially related plans

Was this data useful?

If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us. Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer

The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Company Name:	INTERNATIONAL AUTO PROCESSING INC
Employer identification number (EIN):	581656828
NAIC Classification:	493100