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PROFIT SHARING PLAN AND TRUST 401k Plan overview

Plan NamePROFIT SHARING PLAN AND TRUST
Plan identification number 001

PROFIT SHARING PLAN AND TRUST Benefits

401k Plan TypeDefined 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

401k Sponsoring company profile

DRIVEWAYS INCPROFIT SHARING PLAN has sponsored the creation of one or more 401k plans.

Company Name:DRIVEWAYS INCPROFIT SHARING PLAN
Employer identification number (EIN):590867663
NAIC Classification:237990
NAIC Description:Other Heavy and Civil Engineering Construction

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PROFIT SHARING PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012011-04-01EDWIN E UPTHEGROVE EDWIN E UPTHEGROVE2012-12-17
0012009-04-01EDWIN E UPTHEGROVE EDWIN E UPTHEGROVE2011-01-11

Plan Statistics for PROFIT SHARING PLAN AND TRUST

401k plan membership statisitcs for PROFIT SHARING PLAN AND TRUST

Measure Date Value
2011: PROFIT SHARING PLAN AND TRUST 2011 401k membership
Total participants, beginning-of-year2011-04-016
Total number of active participants reported on line 7a of the Form 55002011-04-015
Number of retired or separated participants receiving benefits2011-04-010
Number of other retired or separated participants entitled to future benefits2011-04-011
Total of all active and inactive participants2011-04-016
Total participants2011-04-016
Number of participants with account balances2011-04-016
2009: PROFIT SHARING PLAN AND TRUST 2009 401k membership
Total participants, beginning-of-year2009-04-016
Total number of active participants reported on line 7a of the Form 55002009-04-016
Number of retired or separated participants receiving benefits2009-04-010
Number of other retired or separated participants entitled to future benefits2009-04-010
Total of all active and inactive participants2009-04-016
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-04-010
Total participants2009-04-016
Number of participants with account balances2009-04-016
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-04-010

Financial Data on PROFIT SHARING PLAN AND TRUST

Measure Date Value
2012 : PROFIT SHARING PLAN AND TRUST 2012 401k financial data
Total plan liabilities at beginning of year2012-03-31$646
Total income from all sources2012-03-31$47,655
Expenses. Total of all expenses incurred2012-03-31$27,955
Benefits paid (including direct rollovers)2012-03-31$27,955
Total plan assets at end of year2012-03-31$677,885
Total plan assets at beginning of year2012-03-31$658,821
Value of fidelity bond covering the plan2012-03-31$50,000
Total contributions received or receivable from participants2012-03-31$0
Expenses. Other expenses not covered elsewhere2012-03-31$0
Other income received2012-03-31$47,655
Net income (gross income less expenses)2012-03-31$19,700
Net plan assets at end of year (total assets less liabilities)2012-03-31$677,885
Net plan assets at beginning of year (total assets less liabilities)2012-03-31$658,175
Assets. Value of participant loans2012-03-31$7,644
Total contributions received or receivable from employer(s)2012-03-31$0
2011 : PROFIT SHARING PLAN AND TRUST 2011 401k financial data
Total plan liabilities at end of year2011-03-31$646
Total income from all sources2011-03-31$51,488
Expenses. Total of all expenses incurred2011-03-31$24,770
Benefits paid (including direct rollovers)2011-03-31$24,770
Total plan assets at end of year2011-03-31$658,821
Total plan assets at beginning of year2011-03-31$632,103
Value of fidelity bond covering the plan2011-03-31$50,000
Total contributions received or receivable from participants2011-03-31$0
Other income received2011-03-31$51,488
Net income (gross income less expenses)2011-03-31$26,718
Net plan assets at end of year (total assets less liabilities)2011-03-31$658,175
Net plan assets at beginning of year (total assets less liabilities)2011-03-31$632,103
Assets. Value of participant loans2011-03-31$13,899
Total contributions received or receivable from employer(s)2011-03-31$0

Form 5500 Responses for PROFIT SHARING PLAN AND TRUST

2011: PROFIT SHARING PLAN AND TRUST 2011 form 5500 responses
2011-04-01Type of plan entitySingle employer plan
2011-04-01Plan funding arrangement – TrustYes
2011-04-01Plan benefit arrangement - TrustYes
2009: PROFIT SHARING PLAN AND TRUST 2009 form 5500 responses
2009-04-01Type of plan entitySingle employer plan
2009-04-01Plan funding arrangement – TrustYes
2009-04-01Plan benefit arrangement - TrustYes

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