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EMPLOYEE BENEFIT PLAN OF GOOD WHEELS, INC. 401k Plan overview

Plan NameEMPLOYEE BENEFIT PLAN OF GOOD WHEELS, INC.
Plan identification number 004

EMPLOYEE BENEFIT PLAN OF GOOD WHEELS, INC. Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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

GOOD WHEELS, INC. has sponsored the creation of one or more 401k plans.

Company Name:GOOD WHEELS, INC.
Employer identification number (EIN):650192741
NAIC Classification:485990

Additional information about GOOD WHEELS, INC.

Jurisdiction of Incorporation: Florida Department of State Division of Corporations
Incorporation Date: 1990-06-04
Company Identification Number: N38427
Legal Registered Office Address: 10075 BAVARIA RD.

FT. MYERS

33913

More information about GOOD WHEELS, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan EMPLOYEE BENEFIT PLAN OF GOOD WHEELS, INC.

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0042017-07-01
0042016-07-01MICHEL HARRIS2018-01-26 MICHEL HARRIS2018-01-26
0042015-07-01MICHEL HARRIS2017-04-27 MICHEL HARRIS2017-04-27
0042014-07-01BONNI CLARK2016-01-08 BONNI CLARK2016-01-08
0042013-07-01CLAUDIA SCHOLLENBERGER2015-01-22 CLAUDIA SCHOLLENBERGER2015-01-22
0042012-07-01THOMAS NOLAN2014-01-08 THOMAS NOLAN2014-01-08
0042011-07-01THOMAS F. NOLAN2012-12-27
0042010-07-01THOMAS F. NOLAN2011-12-21 THOMAS F. NOLAN2011-12-21

Plan Statistics for EMPLOYEE BENEFIT PLAN OF GOOD WHEELS, INC.

401k plan membership statisitcs for EMPLOYEE BENEFIT PLAN OF GOOD WHEELS, INC.

Measure Date Value
2017: EMPLOYEE BENEFIT PLAN OF GOOD WHEELS, INC. 2017 401k membership
Total participants, beginning-of-year2017-07-01130
Total number of active participants reported on line 7a of the Form 55002017-07-01105
Number of retired or separated participants receiving benefits2017-07-010
Number of other retired or separated participants entitled to future benefits2017-07-0121
Total of all active and inactive participants2017-07-01126
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-07-011
Total participants2017-07-01127
Number of participants with account balances2017-07-01114
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-07-0117

Financial Data on EMPLOYEE BENEFIT PLAN OF GOOD WHEELS, INC.

Measure Date Value
2018 : EMPLOYEE BENEFIT PLAN OF GOOD WHEELS, INC. 2018 401k financial data
Total unrealized appreciation/depreciation of assets2018-06-30$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-06-30$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-06-30$0
Total income from all sources (including contributions)2018-06-30$148,670
Total loss/gain on sale of assets2018-06-30$0
Total of all expenses incurred2018-06-30$62,856
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-06-30$36,487
Expenses. Certain deemed distributions of participant loans2018-06-30$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-06-30$109,433
Value of total assets at end of year2018-06-30$824,596
Value of total assets at beginning of year2018-06-30$738,782
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-06-30$26,369
Total interest from all sources2018-06-30$6,635
Total dividends received (eg from common stock, registered investment company shares)2018-06-30$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-06-30No
Was this plan covered by a fidelity bond2018-06-30Yes
Value of fidelity bond cover2018-06-30$125,000
If this is an individual account plan, was there a blackout period2018-06-30No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-06-30$0
Were there any nonexempt tranactions with any party-in-interest2018-06-30No
Contributions received from participants2018-06-30$61,642
Participant contributions at end of year2018-06-30$87,503
Participant contributions at beginning of year2018-06-30$103,900
Income. Received or receivable in cash from other sources (including rollovers)2018-06-30$0
Other income not declared elsewhere2018-06-30$0
Administrative expenses (other) incurred2018-06-30$26,369
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-06-30No
Value of net income/loss2018-06-30$85,814
Value of net assets at end of year (total assets less liabilities)2018-06-30$824,596
Value of net assets at beginning of year (total assets less liabilities)2018-06-30$738,782
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-06-30No
Were any loans by the plan or fixed income obligations due to the plan in default2018-06-30No
Were any leases to which the plan was party in default or uncollectible2018-06-30No
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-06-30$435,848
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-06-30$342,464
Interest on participant loans2018-06-30$3,712
Interest earned on other investments2018-06-30$2,923
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2018-06-30$301,245
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2018-06-30$292,418
Expenses. Payments to insurance carriers foe the provision of benefits2018-06-30$0
Net investment gain/loss from pooled separate accounts2018-06-30$32,602
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-06-30No
Was there a failure to transmit to the plan any participant contributions2018-06-30No
Has the plan failed to provide any benefit when due under the plan2018-06-30No
Contributions received in cash from employer2018-06-30$47,791
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-06-30$36,487
Did the plan have assets held for investment2018-06-30Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-06-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-06-30No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-06-30Yes
Opinion of an independent qualified public accountant for this plan2018-06-30Disclaimer
Accountancy firm name2018-06-30TUSCAN & COMPANY, PA
Accountancy firm EIN2018-06-30260254161

Form 5500 Responses for EMPLOYEE BENEFIT PLAN OF GOOD WHEELS, INC.

2017: EMPLOYEE BENEFIT PLAN OF GOOD WHEELS, INC. 2017 form 5500 responses
2017-07-01Type of plan entitySingle employer plan
2017-07-01Submission has been amendedNo
2017-07-01This submission is the final filingNo
2017-07-01This return/report is a short plan year return/report (less than 12 months)No
2017-07-01Plan is a collectively bargained planNo
2017-07-01Plan funding arrangement – InsuranceYes
2017-07-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

MUTUAL OF AMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88668 )
Policy contract number054068G
Policy instance 1
Insurance contract or identification number054068G
Number of Individuals Covered127
Insurance policy start date2017-07-01
Insurance policy end date2018-06-30
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $449
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration1
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

Potentially related plans

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