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TWIN CITY MOTORS INC ASSET ACCUMULATION 401(K) RETIREMENT PLAN 401k Plan overview

Plan NameTWIN CITY MOTORS INC ASSET ACCUMULATION 401(K) RETIREMENT PLAN
Plan identification number 001

TWIN CITY MOTORS INC ASSET ACCUMULATION 401(K) RETIREMENT 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.
  • 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.

401k Sponsoring company profile

TWIN CITY MOTORS, INC. has sponsored the creation of one or more 401k plans.

Company Name:TWIN CITY MOTORS, INC.
Employer identification number (EIN):620562541
NAIC Classification:441110
NAIC Description:New Car Dealers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan TWIN CITY MOTORS INC ASSET ACCUMULATION 401(K) RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01CHARLES STEPHENS
0012016-01-01CHRISTOPHER STEPHENS
0012015-01-01CHRISTOPHER STEPHENS
0012014-01-01CHARLES STEPHENS
0012013-01-01CHARLES STEPHENS
0012012-01-01CHARLES E. STEPHENS
0012011-01-01CHARLES E. STEPHENS
0012009-01-01CHARLES E. STEPHENS

Plan Statistics for TWIN CITY MOTORS INC ASSET ACCUMULATION 401(K) RETIREMENT PLAN

401k plan membership statisitcs for TWIN CITY MOTORS INC ASSET ACCUMULATION 401(K) RETIREMENT PLAN

Measure Date Value
2022: TWIN CITY MOTORS INC ASSET ACCUMULATION 401(K) RETIREMENT PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01335
Total number of active participants reported on line 7a of the Form 55002022-01-01236
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0140
Total of all active and inactive participants2022-01-01276
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01276
Number of participants with account balances2022-01-01276
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-0120
2021: TWIN CITY MOTORS INC ASSET ACCUMULATION 401(K) RETIREMENT PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01322
Total number of active participants reported on line 7a of the Form 55002021-01-01296
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0139
Total of all active and inactive participants2021-01-01335
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01335
Number of participants with account balances2021-01-01335
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-019
2020: TWIN CITY MOTORS INC ASSET ACCUMULATION 401(K) RETIREMENT PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01372
Total number of active participants reported on line 7a of the Form 55002020-01-01283
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-0139
Total of all active and inactive participants2020-01-01322
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01322
Number of participants with account balances2020-01-01322
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-0120
2019: TWIN CITY MOTORS INC ASSET ACCUMULATION 401(K) RETIREMENT PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01340
Total number of active participants reported on line 7a of the Form 55002019-01-01353
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-0119
Total of all active and inactive participants2019-01-01372
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01372
Number of participants with account balances2019-01-01372
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-018
2018: TWIN CITY MOTORS INC ASSET ACCUMULATION 401(K) RETIREMENT PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01309
Total number of active participants reported on line 7a of the Form 55002018-01-01331
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-019
Total of all active and inactive participants2018-01-01340
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-01340
Number of participants with account balances2018-01-01340
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-0114
2017: TWIN CITY MOTORS INC ASSET ACCUMULATION 401(K) RETIREMENT PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01340
Total number of active participants reported on line 7a of the Form 55002017-01-01298
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-0111
Total of all active and inactive participants2017-01-01309
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-01309
Number of participants with account balances2017-01-01309
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-0113
2016: TWIN CITY MOTORS INC ASSET ACCUMULATION 401(K) RETIREMENT PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01306
Total number of active participants reported on line 7a of the Form 55002016-01-01332
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-018
Total of all active and inactive participants2016-01-01340
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-01340
Number of participants with account balances2016-01-01340
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-0111
2015: TWIN CITY MOTORS INC ASSET ACCUMULATION 401(K) RETIREMENT PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01315
Total number of active participants reported on line 7a of the Form 55002015-01-01296
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-0110
Total of all active and inactive participants2015-01-01306
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-01306
Number of participants with account balances2015-01-01306
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-0115
2014: TWIN CITY MOTORS INC ASSET ACCUMULATION 401(K) RETIREMENT PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01303
Total number of active participants reported on line 7a of the Form 55002014-01-01298
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-0117
Total of all active and inactive participants2014-01-01315
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-01315
Number of participants with account balances2014-01-01315
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-0111
2013: TWIN CITY MOTORS INC ASSET ACCUMULATION 401(K) RETIREMENT PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-01292
Total number of active participants reported on line 7a of the Form 55002013-01-01284
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-0119
Total of all active and inactive participants2013-01-01303
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-01303
Number of participants with account balances2013-01-01303
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-0122
2012: TWIN CITY MOTORS INC ASSET ACCUMULATION 401(K) RETIREMENT PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01298
Total number of active participants reported on line 7a of the Form 55002012-01-01269
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-0123
Total of all active and inactive participants2012-01-01292
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-01292
Number of participants with account balances2012-01-01292
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-0111
2011: TWIN CITY MOTORS INC ASSET ACCUMULATION 401(K) RETIREMENT PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01275
Total number of active participants reported on line 7a of the Form 55002011-01-01279
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-0119
Total of all active and inactive participants2011-01-01298
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-01298
Number of participants with account balances2011-01-01298
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-019
2009: TWIN CITY MOTORS INC ASSET ACCUMULATION 401(K) RETIREMENT PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01286
Total number of active participants reported on line 7a of the Form 55002009-01-01207
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0155
Total of all active and inactive participants2009-01-01262
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01262
Number of participants with account balances2009-01-01249
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-0121

Financial Data on TWIN CITY MOTORS INC ASSET ACCUMULATION 401(K) RETIREMENT PLAN

Measure Date Value
2022 : TWIN CITY MOTORS INC ASSET ACCUMULATION 401(K) RETIREMENT PLAN 2022 401k financial data
Total income from all sources (including contributions)2022-12-31$-1,321,123
Total of all expenses incurred2022-12-31$1,531,982
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$1,398,120
Expenses. Certain deemed distributions of participant loans2022-12-31$61,319
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$1,558,125
Value of total assets at end of year2022-12-31$18,736,696
Value of total assets at beginning of year2022-12-31$21,589,801
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$72,543
Total interest from all sources2022-12-31$14,665
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$710,181
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$710,181
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$500,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$897,423
Participant contributions at end of year2022-12-31$333,675
Participant contributions at beginning of year2022-12-31$382,681
Participant contributions at beginning of year2022-12-31$1,861
Other income not declared elsewhere2022-12-31$193,507
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-2,853,105
Value of net assets at end of year (total assets less liabilities)2022-12-31$18,736,696
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$21,589,801
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Assets. partnership/joint venture interests at end of year2022-12-31$319,226
Assets. partnership/joint venture interests at beginning of year2022-12-31$125,719
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$17,423,093
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$20,437,992
Interest on participant loans2022-12-31$14,665
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-3,797,601
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$660,702
Employer contributions (assets) at end of year2022-12-31$660,702
Employer contributions (assets) at beginning of year2022-12-31$641,548
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$1,398,120
Contract administrator fees2022-12-31$72,543
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Disclaimer
Accountancy firm name2022-12-31VANCE CPA LLC
Accountancy firm EIN2022-12-31631284602
2021 : TWIN CITY MOTORS INC ASSET ACCUMULATION 401(K) RETIREMENT PLAN 2021 401k financial data
Total income from all sources (including contributions)2021-12-31$3,793,957
Total of all expenses incurred2021-12-31$2,012,129
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$1,879,758
Expenses. Certain deemed distributions of participant loans2021-12-31$57,269
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$1,433,554
Value of total assets at end of year2021-12-31$21,589,801
Value of total assets at beginning of year2021-12-31$19,807,973
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$75,102
Total interest from all sources2021-12-31$19,580
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$1,078,098
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$1,078,098
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$500,000
If this is an individual account plan, was there a blackout period2021-12-31No
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$792,006
Participant contributions at end of year2021-12-31$382,681
Participant contributions at beginning of year2021-12-31$386,346
Participant contributions at end of year2021-12-31$1,861
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$1,781,828
Value of net assets at end of year (total assets less liabilities)2021-12-31$21,589,801
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$19,807,973
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Assets. partnership/joint venture interests at end of year2021-12-31$125,719
Assets. partnership/joint venture interests at beginning of year2021-12-31$125,719
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$20,437,992
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$18,788,703
Interest on participant loans2021-12-31$19,580
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$1,262,725
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$641,548
Employer contributions (assets) at end of year2021-12-31$641,548
Employer contributions (assets) at beginning of year2021-12-31$507,205
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$1,879,758
Contract administrator fees2021-12-31$75,102
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Disclaimer
Accountancy firm name2021-12-31VANCE CPA LLC
Accountancy firm EIN2021-12-31631284602
2020 : TWIN CITY MOTORS INC ASSET ACCUMULATION 401(K) RETIREMENT PLAN 2020 401k financial data
Total income from all sources (including contributions)2020-12-31$3,531,465
Total of all expenses incurred2020-12-31$785,831
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$710,047
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$1,194,873
Value of total assets at end of year2020-12-31$19,807,973
Value of total assets at beginning of year2020-12-31$17,062,339
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$75,784
Total interest from all sources2020-12-31$9,788
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$634,104
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$634,104
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$500,000
If this is an individual account plan, was there a blackout period2020-12-31No
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$652,194
Participant contributions at end of year2020-12-31$386,346
Participant contributions at beginning of year2020-12-31$260,252
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$35,474
Other income not declared elsewhere2020-12-31$1,000
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$2,745,634
Value of net assets at end of year (total assets less liabilities)2020-12-31$19,807,973
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$17,062,339
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Assets. partnership/joint venture interests at end of year2020-12-31$125,719
Assets. partnership/joint venture interests at beginning of year2020-12-31$125,719
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$18,788,703
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$16,182,351
Interest on participant loans2020-12-31$9,788
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$1,691,700
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$507,205
Employer contributions (assets) at end of year2020-12-31$507,205
Employer contributions (assets) at beginning of year2020-12-31$494,017
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$710,047
Contract administrator fees2020-12-31$75,784
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31ROBERT A. BROWN, CPA
Accountancy firm EIN2020-12-31621613402
2019 : TWIN CITY MOTORS INC ASSET ACCUMULATION 401(K) RETIREMENT PLAN 2019 401k financial data
Total income from all sources (including contributions)2019-12-31$3,869,073
Total of all expenses incurred2019-12-31$1,227,580
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$1,132,538
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$1,176,764
Value of total assets at end of year2019-12-31$17,062,339
Value of total assets at beginning of year2019-12-31$14,420,846
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$95,042
Total interest from all sources2019-12-31$21,178
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$656,132
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$656,132
Administrative expenses professional fees incurred2019-12-31$10,734
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$500,000
If this is an individual account plan, was there a blackout period2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$663,940
Participant contributions at end of year2019-12-31$260,252
Participant contributions at beginning of year2019-12-31$338,381
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$18,807
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$2,641,493
Value of net assets at end of year (total assets less liabilities)2019-12-31$17,062,339
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$14,420,846
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Assets. partnership/joint venture interests at end of year2019-12-31$125,719
Assets. partnership/joint venture interests at beginning of year2019-12-31$125,719
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$16,182,351
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$13,452,040
Interest on participant loans2019-12-31$21,178
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$2,014,999
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$494,017
Employer contributions (assets) at end of year2019-12-31$494,017
Employer contributions (assets) at beginning of year2019-12-31$504,706
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$1,132,538
Contract administrator fees2019-12-31$84,308
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31ROBERT A. BROWN, CPA
Accountancy firm EIN2019-12-31621613402
2018 : TWIN CITY MOTORS INC ASSET ACCUMULATION 401(K) RETIREMENT PLAN 2018 401k financial data
Total income from all sources (including contributions)2018-12-31$626,872
Total of all expenses incurred2018-12-31$587,262
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$503,617
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$1,159,351
Value of total assets at end of year2018-12-31$14,420,846
Value of total assets at beginning of year2018-12-31$14,381,236
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$83,645
Total interest from all sources2018-12-31$18,723
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$651,135
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2018-12-31$651,135
Administrative expenses professional fees incurred2018-12-31$13,137
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$500,000
If this is an individual account plan, was there a blackout period2018-12-31No
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$614,185
Participant contributions at end of year2018-12-31$338,381
Participant contributions at beginning of year2018-12-31$279,980
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$40,460
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$39,610
Value of net assets at end of year (total assets less liabilities)2018-12-31$14,420,846
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$14,381,236
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Assets. partnership/joint venture interests at end of year2018-12-31$125,719
Assets. partnership/joint venture interests at beginning of year2018-12-31$125,719
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$13,452,040
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$13,518,403
Interest on participant loans2018-12-31$18,723
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-1,202,337
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$504,706
Employer contributions (assets) at end of year2018-12-31$504,706
Employer contributions (assets) at beginning of year2018-12-31$457,134
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$503,617
Contract administrator fees2018-12-31$70,508
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31ROBERT A. BROWN, CPA
Accountancy firm EIN2018-12-31621613402
2017 : TWIN CITY MOTORS INC ASSET ACCUMULATION 401(K) RETIREMENT PLAN 2017 401k financial data
Total income from all sources (including contributions)2017-12-31$2,998,167
Total of all expenses incurred2017-12-31$493,768
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$440,307
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$1,087,061
Value of total assets at end of year2017-12-31$14,381,236
Value of total assets at beginning of year2017-12-31$11,876,837
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$53,461
Total interest from all sources2017-12-31$13,431
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$384,946
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2017-12-31$384,946
Administrative expenses professional fees incurred2017-12-31$8,503
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$500,000
If this is an individual account plan, was there a blackout period2017-12-31No
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$597,105
Participant contributions at end of year2017-12-31$279,980
Participant contributions at beginning of year2017-12-31$228,119
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$32,822
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$2,504,399
Value of net assets at end of year (total assets less liabilities)2017-12-31$14,381,236
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$11,876,837
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Assets. partnership/joint venture interests at end of year2017-12-31$125,719
Assets. partnership/joint venture interests at beginning of year2017-12-31$125,719
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$13,518,403
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$11,086,476
Interest on participant loans2017-12-31$13,431
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$1,512,729
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$457,134
Employer contributions (assets) at end of year2017-12-31$457,134
Employer contributions (assets) at beginning of year2017-12-31$436,523
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$440,307
Contract administrator fees2017-12-31$44,958
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31ROBERT A. BROWN, CPA
Accountancy firm EIN2017-12-31621613402
2016 : TWIN CITY MOTORS INC ASSET ACCUMULATION 401(K) RETIREMENT PLAN 2016 401k financial data
Total income from all sources (including contributions)2016-12-31$1,770,066
Total of all expenses incurred2016-12-31$674,646
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$633,938
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$972,102
Value of total assets at end of year2016-12-31$11,876,837
Value of total assets at beginning of year2016-12-31$10,781,417
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$40,708
Total interest from all sources2016-12-31$12,591
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$367,065
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2016-12-31$367,065
Administrative expenses professional fees incurred2016-12-31$9,576
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$500,000
If this is an individual account plan, was there a blackout period2016-12-31No
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$527,949
Participant contributions at end of year2016-12-31$228,119
Participant contributions at beginning of year2016-12-31$231,394
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$7,630
Other income not declared elsewhere2016-12-31$1,000
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$1,095,420
Value of net assets at end of year (total assets less liabilities)2016-12-31$11,876,837
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$10,781,417
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Assets. partnership/joint venture interests at end of year2016-12-31$125,719
Assets. partnership/joint venture interests at beginning of year2016-12-31$125,719
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$11,086,476
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$10,000,523
Interest on participant loans2016-12-31$12,591
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$417,308
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31Yes
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Contributions received in cash from employer2016-12-31$436,523
Employer contributions (assets) at end of year2016-12-31$436,523
Employer contributions (assets) at beginning of year2016-12-31$423,781
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$633,938
Contract administrator fees2016-12-31$31,132
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31ROBERT A. BROWN, CPA
Accountancy firm EIN2016-12-31621613402
2015 : TWIN CITY MOTORS INC ASSET ACCUMULATION 401(K) RETIREMENT PLAN 2015 401k financial data
Total income from all sources (including contributions)2015-12-31$976,538
Total of all expenses incurred2015-12-31$544,501
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$504,605
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$974,054
Value of total assets at end of year2015-12-31$10,781,417
Value of total assets at beginning of year2015-12-31$10,349,380
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$39,896
Total interest from all sources2015-12-31$12,178
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$509,178
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2015-12-31$509,178
Administrative expenses professional fees incurred2015-12-31$11,391
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$500,000
If this is an individual account plan, was there a blackout period2015-12-31No
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$540,425
Participant contributions at end of year2015-12-31$231,394
Participant contributions at beginning of year2015-12-31$329,694
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$9,848
Other income not declared elsewhere2015-12-31$1,000
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$432,037
Value of net assets at end of year (total assets less liabilities)2015-12-31$10,781,417
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$10,349,380
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Assets. partnership/joint venture interests at end of year2015-12-31$125,719
Assets. partnership/joint venture interests at beginning of year2015-12-31$125,719
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$10,000,523
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$9,484,936
Interest on participant loans2015-12-31$12,178
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-519,872
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31Yes
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Contributions received in cash from employer2015-12-31$423,781
Employer contributions (assets) at end of year2015-12-31$423,781
Employer contributions (assets) at beginning of year2015-12-31$409,031
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$504,605
Contract administrator fees2015-12-31$28,505
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31PSH AUDIT & ASSURANCE SERVICES, PL
Accountancy firm EIN2015-12-31453644670
2014 : TWIN CITY MOTORS INC ASSET ACCUMULATION 401(K) RETIREMENT PLAN 2014 401k financial data
Total income from all sources (including contributions)2014-12-31$1,443,912
Total of all expenses incurred2014-12-31$383,955
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$339,363
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$854,767
Value of total assets at end of year2014-12-31$10,349,380
Value of total assets at beginning of year2014-12-31$9,289,423
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$44,592
Total interest from all sources2014-12-31$11,044
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$389,614
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Administrative expenses professional fees incurred2014-12-31$15,000
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$500,000
If this is an individual account plan, was there a blackout period2014-12-31No
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Contributions received from participants2014-12-31$445,736
Participant contributions at end of year2014-12-31$329,694
Participant contributions at beginning of year2014-12-31$281,839
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$1,059,957
Value of net assets at end of year (total assets less liabilities)2014-12-31$10,349,380
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$9,289,423
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Assets. partnership/joint venture interests at end of year2014-12-31$125,719
Assets. partnership/joint venture interests at beginning of year2014-12-31$125,719
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$9,484,936
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$8,519,210
Interest on participant loans2014-12-31$11,044
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$188,487
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Contributions received in cash from employer2014-12-31$409,031
Employer contributions (assets) at end of year2014-12-31$409,031
Employer contributions (assets) at beginning of year2014-12-31$362,655
Income. Dividends from common stock2014-12-31$389,614
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$339,363
Contract administrator fees2014-12-31$29,592
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31Yes
Opinion of an independent qualified public accountant for this plan2014-12-31Disclaimer
Accountancy firm name2014-12-31PSHH AUDIT & ASSURANCE SERVICES, PL
Accountancy firm EIN2014-12-31453644670
2013 : TWIN CITY MOTORS INC ASSET ACCUMULATION 401(K) RETIREMENT PLAN 2013 401k financial data
Total income from all sources (including contributions)2013-12-31$2,358,934
Total of all expenses incurred2013-12-31$930,744
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$901,788
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$842,062
Value of total assets at end of year2013-12-31$9,289,423
Value of total assets at beginning of year2013-12-31$7,861,233
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$28,956
Total interest from all sources2013-12-31$30,994
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$243,244
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Administrative expenses professional fees incurred2013-12-31$12,629
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$500,000
If this is an individual account plan, was there a blackout period2013-12-31No
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Contributions received from participants2013-12-31$425,832
Participant contributions at end of year2013-12-31$281,839
Participant contributions at beginning of year2013-12-31$317,386
Income. Received or receivable in cash from other sources (including rollovers)2013-12-31$53,575
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$1,428,190
Value of net assets at end of year (total assets less liabilities)2013-12-31$9,289,423
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$7,861,233
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Assets. partnership/joint venture interests at end of year2013-12-31$125,719
Assets. partnership/joint venture interests at beginning of year2013-12-31$125,719
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-12-31$8,519,210
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$7,024,280
Interest on participant loans2013-12-31$30,994
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-12-31$1,242,634
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31No
Was there a failure to transmit to the plan any participant contributions2013-12-31No
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Contributions received in cash from employer2013-12-31$362,655
Employer contributions (assets) at end of year2013-12-31$362,655
Employer contributions (assets) at beginning of year2013-12-31$393,848
Income. Dividends from common stock2013-12-31$243,244
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$901,788
Contract administrator fees2013-12-31$16,327
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31Yes
Opinion of an independent qualified public accountant for this plan2013-12-31Disclaimer
Accountancy firm name2013-12-31PSHH AUDIT & ASSURANCE SERVICES, PL
Accountancy firm EIN2013-12-31453644670
2012 : TWIN CITY MOTORS INC ASSET ACCUMULATION 401(K) RETIREMENT PLAN 2012 401k financial data
Total income from all sources (including contributions)2012-12-31$1,730,322
Total of all expenses incurred2012-12-31$969,483
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$947,167
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$902,112
Value of total assets at end of year2012-12-31$7,861,233
Value of total assets at beginning of year2012-12-31$7,100,394
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$22,316
Total interest from all sources2012-12-31$34,412
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$240,226
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Administrative expenses professional fees incurred2012-12-31$21,665
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$500,000
If this is an individual account plan, was there a blackout period2012-12-31No
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$470,662
Participant contributions at end of year2012-12-31$317,386
Participant contributions at beginning of year2012-12-31$221,033
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$37,602
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$760,839
Value of net assets at end of year (total assets less liabilities)2012-12-31$7,861,233
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$7,100,394
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Assets. partnership/joint venture interests at end of year2012-12-31$125,719
Assets. partnership/joint venture interests at beginning of year2012-12-31$125,719
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$7,024,280
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$6,384,653
Interest on participant loans2012-12-31$34,412
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$553,572
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Contributions received in cash from employer2012-12-31$393,848
Employer contributions (assets) at end of year2012-12-31$393,848
Employer contributions (assets) at beginning of year2012-12-31$368,989
Income. Dividends from common stock2012-12-31$240,226
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$947,167
Contract administrator fees2012-12-31$651
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31Yes
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31PSHH AUDIT & ASSURANCE SERVICES, PL
Accountancy firm EIN2012-12-31453644670
2011 : TWIN CITY MOTORS INC ASSET ACCUMULATION 401(K) RETIREMENT PLAN 2011 401k financial data
Total income from all sources (including contributions)2011-12-31$686,385
Total of all expenses incurred2011-12-31$282,031
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$274,831
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$826,192
Value of total assets at end of year2011-12-31$7,100,394
Value of total assets at beginning of year2011-12-31$6,696,040
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$7,200
Total interest from all sources2011-12-31$7,544
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$79,732
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Administrative expenses professional fees incurred2011-12-31$5,350
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$500,000
If this is an individual account plan, was there a blackout period2011-12-31No
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$455,507
Participant contributions at end of year2011-12-31$221,033
Participant contributions at beginning of year2011-12-31$226,319
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$1,696
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$404,354
Value of net assets at end of year (total assets less liabilities)2011-12-31$7,100,394
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$6,696,040
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Assets. partnership/joint venture interests at end of year2011-12-31$125,719
Assets. partnership/joint venture interests at beginning of year2011-12-31$125,719
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$6,384,653
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$6,054,223
Interest on participant loans2011-12-31$7,544
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-227,083
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Contributions received in cash from employer2011-12-31$368,989
Employer contributions (assets) at end of year2011-12-31$368,989
Employer contributions (assets) at beginning of year2011-12-31$289,779
Income. Dividends from common stock2011-12-31$79,732
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$274,831
Contract administrator fees2011-12-31$1,850
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31Yes
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31PSHH AUDIT & ASSURANCE SERVICES, PL
Accountancy firm EIN2011-12-31453644670
2010 : TWIN CITY MOTORS INC ASSET ACCUMULATION 401(K) RETIREMENT PLAN 2010 401k financial data
Total income from all sources (including contributions)2010-12-31$1,481,404
Total of all expenses incurred2010-12-31$1,052,225
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$1,031,165
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$893,354
Value of total assets at end of year2010-12-31$6,696,040
Value of total assets at beginning of year2010-12-31$6,266,861
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$21,060
Total interest from all sources2010-12-31$9,985
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$81,603
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Administrative expenses professional fees incurred2010-12-31$15,660
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$500,000
If this is an individual account plan, was there a blackout period2010-12-31No
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$332,856
Participant contributions at end of year2010-12-31$226,319
Participant contributions at beginning of year2010-12-31$251,323
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$270,719
Other income not declared elsewhere2010-12-31$2,000
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$429,179
Value of net assets at end of year (total assets less liabilities)2010-12-31$6,696,040
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$6,266,861
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Assets. partnership/joint venture interests at end of year2010-12-31$125,719
Assets. partnership/joint venture interests at beginning of year2010-12-31$125,719
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$6,054,223
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$5,889,819
Interest on participant loans2010-12-31$9,985
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$494,462
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Contributions received in cash from employer2010-12-31$289,779
Employer contributions (assets) at end of year2010-12-31$289,779
Income. Dividends from common stock2010-12-31$81,603
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$1,031,165
Contract administrator fees2010-12-31$5,400
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31Yes
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31ROBERT A. BROWN, CPA
Accountancy firm EIN2010-12-31621613402

Form 5500 Responses for TWIN CITY MOTORS INC ASSET ACCUMULATION 401(K) RETIREMENT PLAN

2022: TWIN CITY MOTORS INC ASSET ACCUMULATION 401(K) RETIREMENT PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: TWIN CITY MOTORS INC ASSET ACCUMULATION 401(K) RETIREMENT PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: TWIN CITY MOTORS INC ASSET ACCUMULATION 401(K) RETIREMENT PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: TWIN CITY MOTORS INC ASSET ACCUMULATION 401(K) RETIREMENT PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: TWIN CITY MOTORS INC ASSET ACCUMULATION 401(K) RETIREMENT PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: TWIN CITY MOTORS INC ASSET ACCUMULATION 401(K) RETIREMENT PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: TWIN CITY MOTORS INC ASSET ACCUMULATION 401(K) RETIREMENT PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: TWIN CITY MOTORS INC ASSET ACCUMULATION 401(K) RETIREMENT PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: TWIN CITY MOTORS INC ASSET ACCUMULATION 401(K) RETIREMENT PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: TWIN CITY MOTORS INC ASSET ACCUMULATION 401(K) RETIREMENT 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: TWIN CITY MOTORS INC ASSET ACCUMULATION 401(K) RETIREMENT PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: TWIN CITY MOTORS INC ASSET ACCUMULATION 401(K) RETIREMENT PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: TWIN CITY MOTORS INC ASSET ACCUMULATION 401(K) RETIREMENT PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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