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NATIONAL EQUIPMENT DEALERS 401(K) PLAN 401k Plan overview

Plan NameNATIONAL EQUIPMENT DEALERS 401(K) PLAN
Plan identification number 001

NATIONAL EQUIPMENT DEALERS 401(K) 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.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

NATIONAL EQUIPMENT DEALERS, LLC. has sponsored the creation of one or more 401k plans.

Company Name:NATIONAL EQUIPMENT DEALERS, LLC.
Employer identification number (EIN):800934053
NAIC Classification:532400
NAIC Description: Commercial and Industrial Machinery and Equipment Rental and Leasing

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NATIONAL EQUIPMENT DEALERS 401(K) 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
0012020-01-01
0012019-01-01TAYLOR NEVINS2020-10-13

Plan Statistics for NATIONAL EQUIPMENT DEALERS 401(K) PLAN

401k plan membership statisitcs for NATIONAL EQUIPMENT DEALERS 401(K) PLAN

Measure Date Value
2022: NATIONAL EQUIPMENT DEALERS 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01384
Total number of active participants reported on line 7a of the Form 55002022-01-01387
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0151
Total of all active and inactive participants2022-01-01438
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01438
Number of participants with account balances2022-01-01274
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: NATIONAL EQUIPMENT DEALERS 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01311
Total number of active participants reported on line 7a of the Form 55002021-01-01349
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0135
Total of all active and inactive participants2021-01-01384
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01384
Number of participants with account balances2021-01-01243
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: NATIONAL EQUIPMENT DEALERS 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01262
Total number of active participants reported on line 7a of the Form 55002020-01-01286
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-0125
Total of all active and inactive participants2020-01-01311
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01311
Number of participants with account balances2020-01-01215
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010

Financial Data on NATIONAL EQUIPMENT DEALERS 401(K) PLAN

Measure Date Value
2022 : NATIONAL EQUIPMENT DEALERS 401(K) PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$-785,164
Total loss/gain on sale of assets2022-12-31$210,850
Total of all expenses incurred2022-12-31$1,210,071
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$1,200,898
Expenses. Certain deemed distributions of participant loans2022-12-31$0
Value of total corrective distributions2022-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$2,015,547
Value of total assets at end of year2022-12-31$13,621,545
Value of total assets at beginning of year2022-12-31$15,616,780
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$9,173
Total interest from all sources2022-12-31$19,249
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$66,985
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$66,985
Administrative expenses professional fees incurred2022-12-31$9,173
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$1,240,601
Participant contributions at end of year2022-12-31$344,170
Participant contributions at beginning of year2022-12-31$316,476
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$101,987
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-12-31$1,278
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-12-31$174
Total non interest bearing cash at end of year2022-12-31$24,636
Total non interest bearing cash at beginning of year2022-12-31$19,621
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-1,995,235
Value of net assets at end of year (total assets less liabilities)2022-12-31$13,621,545
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$15,616,780
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$4,406,580
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$5,609,291
Interest on participant loans2022-12-31$16,303
Value of interest in common/collective trusts at end of year2022-12-31$8,576,262
Value of interest in common/collective trusts at beginning of year2022-12-31$9,352,027
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2022-12-31$268,619
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2022-12-31$319,191
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2022-12-31$319,191
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2022-12-31$2,946
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-1,296,202
Net investment gain or loss from common/collective trusts2022-12-31$-1,801,593
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 contributions2022-12-31Yes
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$672,959
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$1,200,898
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
Aggregate proceeds on sale of assets2022-12-31$1,731,123
Aggregate carrying amount (costs) on sale of assets2022-12-31$1,520,273
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31BENTON, DUROY & IVEY, P.C.
Accountancy firm EIN2022-12-31742170758
2021 : NATIONAL EQUIPMENT DEALERS 401(K) PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total income from all sources (including contributions)2021-12-31$3,881,879
Total loss/gain on sale of assets2021-12-31$774,297
Total of all expenses incurred2021-12-31$1,261,788
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$1,257,803
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$1,819,798
Value of total assets at end of year2021-12-31$15,616,780
Value of total assets at beginning of year2021-12-31$12,996,689
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$3,985
Total interest from all sources2021-12-31$10,711
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$59,378
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$59,378
Administrative expenses professional fees incurred2021-12-31$3,985
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
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$1,090,211
Participant contributions at end of year2021-12-31$316,476
Participant contributions at beginning of year2021-12-31$229,536
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$106,536
Value of other receiveables (less allowance for doubtful accounts) at end of year2021-12-31$174
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2021-12-31$171
Total non interest bearing cash at end of year2021-12-31$19,621
Total non interest bearing cash at beginning of year2021-12-31$19,852
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$2,620,091
Value of net assets at end of year (total assets less liabilities)2021-12-31$15,616,780
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$12,996,689
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$5,609,291
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$4,433,685
Interest on participant loans2021-12-31$10,680
Value of interest in common/collective trusts at end of year2021-12-31$9,352,027
Value of interest in common/collective trusts at beginning of year2021-12-31$8,061,241
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2021-12-31$319,191
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2021-12-31$252,204
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2021-12-31$252,204
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2021-12-31$31
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$617,786
Net investment gain or loss from common/collective trusts2021-12-31$599,909
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 contributions2021-12-31Yes
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$623,051
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$1,257,803
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
Aggregate proceeds on sale of assets2021-12-31$2,092,661
Aggregate carrying amount (costs) on sale of assets2021-12-31$1,318,364
Opinion of an independent qualified public accountant for this plan2021-12-31Disclaimer
Accountancy firm name2021-12-31BENTON, DUROY & IVEY, P.C.
Accountancy firm EIN2021-12-31742170758
2020 : NATIONAL EQUIPMENT DEALERS 401(K) PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total income from all sources (including contributions)2020-12-31$3,310,400
Total loss/gain on sale of assets2020-12-31$516,321
Total of all expenses incurred2020-12-31$322,319
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$318,919
Expenses. Certain deemed distributions of participant loans2020-12-31$0
Value of total corrective distributions2020-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$1,537,350
Value of total assets at end of year2020-12-31$12,996,689
Value of total assets at beginning of year2020-12-31$10,008,608
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$3,400
Total interest from all sources2020-12-31$11,561
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$51,483
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$51,483
Administrative expenses professional fees incurred2020-12-31$3,400
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
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$990,720
Participant contributions at end of year2020-12-31$229,536
Participant contributions at beginning of year2020-12-31$173,392
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$1,442
Value of other receiveables (less allowance for doubtful accounts) at end of year2020-12-31$171
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2020-12-31$466
Total non interest bearing cash at end of year2020-12-31$19,852
Total non interest bearing cash at beginning of year2020-12-31$20,881
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$2,988,081
Value of net assets at end of year (total assets less liabilities)2020-12-31$12,996,689
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$10,008,608
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$4,433,685
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$3,445,179
Interest on participant loans2020-12-31$10,470
Value of interest in common/collective trusts at end of year2020-12-31$8,061,241
Value of interest in common/collective trusts at beginning of year2020-12-31$6,136,800
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2020-12-31$252,204
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2020-12-31$231,890
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2020-12-31$231,890
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2020-12-31$1,091
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$309,039
Net investment gain or loss from common/collective trusts2020-12-31$884,646
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 contributions2020-12-31Yes
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$545,188
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$318,919
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
Aggregate proceeds on sale of assets2020-12-31$2,465,947
Aggregate carrying amount (costs) on sale of assets2020-12-31$1,949,626
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31BENTON, DUROY & IVEY, P.C.
Accountancy firm EIN2020-12-31742170758

Form 5500 Responses for NATIONAL EQUIPMENT DEALERS 401(K) PLAN

2022: NATIONAL EQUIPMENT DEALERS 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: NATIONAL EQUIPMENT DEALERS 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: NATIONAL EQUIPMENT DEALERS 401(K) PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes

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