401k Plan data: MOTORSPORTS OF SCOTTSDALE DEFINED BENEFIT PENSION PLAN plan

MOTORSPORTS OF SCOTTSDALE DEFINED BENEFIT PENSION PLAN 401k Plan overview

Plan Name	MOTORSPORTS OF SCOTTSDALE DEFINED BENEFIT PENSION PLAN
Plan identification number	001

MOTORSPORTS OF SCOTTSDALE DEFINED BENEFIT PENSION PLAN Benefits

401k Plan Type

Defined Benefit Pension

Plan Features/Benefits

Benefits are primarily pay related
Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
Prototype plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion or notification letter; and under which a seperate funding medium (for example, a seperate trust or custodial account) is established for the use of each adopting employer.

401k Sponsoring company profile

MOTORSPORTS OF SCOTTSDALE has sponsored the creation of one or more 401k plans.

Company Name: MOTORSPORTS OF SCOTTSDALE

Employer identification number (EIN): 860860556

NAIC Classification: 441110
NAIC Description: New Car Dealers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MOTORSPORTS OF SCOTTSDALE DEFINED BENEFIT PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2007-01-01 JAVAD MAGHAMI

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2007-01-01	JAVAD MAGHAMI

Plan Statistics for MOTORSPORTS OF SCOTTSDALE DEFINED BENEFIT PENSION PLAN

401k plan membership statisitcs for MOTORSPORTS OF SCOTTSDALE DEFINED BENEFIT PENSION PLAN

Measure Date Value
2007: MOTORSPORTS OF SCOTTSDALE DEFINED BENEFIT PENSION PLAN 2007 401k membership
Total participants, beginning-of-year 2007-01-01 8
Total number of active participants reported on line 7a of the Form 5500 2007-01-01 4
Number of retired or separated participants receiving benefits 2007-01-01 0
Number of other retired or separated participants entitled to future benefits 2007-01-01 4
Total of all active and inactive participants 2007-01-01 8
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2007-01-01 0
Total participants 2007-01-01 8
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2007-01-01 1

Measure	Date	Value
2007: MOTORSPORTS OF SCOTTSDALE DEFINED BENEFIT PENSION PLAN 2007 401k membership
Total participants, beginning-of-year	2007-01-01	8
Total number of active participants reported on line 7a of the Form 5500	2007-01-01	4
Number of retired or separated participants receiving benefits	2007-01-01	0
Number of other retired or separated participants entitled to future benefits	2007-01-01	4
Total of all active and inactive participants	2007-01-01	8
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2007-01-01	0
Total participants	2007-01-01	8
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2007-01-01	1

Financial Data on MOTORSPORTS OF SCOTTSDALE DEFINED BENEFIT PENSION PLAN

Measure	Date	Value
2007 : MOTORSPORTS OF SCOTTSDALE DEFINED BENEFIT PENSION PLAN 2007 401k financial data
Transfers to/from the plan	2007-12-31	$0
Total plan liabilities at end of year	2007-12-31	$0
Total plan liabilities at beginning of year	2007-12-31	$0
Total income from all sources	2007-12-31	$7,393
Expenses. Total of all expenses incurred	2007-12-31	$27,638
Benefits paid (including direct rollovers)	2007-12-31	$27,000
Total plan assets at end of year	2007-12-31	$136,140
Total plan assets at beginning of year	2007-12-31	$156,385
Value of fidelity bond covering the plan	2007-12-31	$25,000
Total contributions received or receivable from participants	2007-12-31	$0
Expenses. Other expenses not covered elsewhere	2007-12-31	$0
Contributions received from other sources (not participants or employers)	2007-12-31	$0
Other income received	2007-12-31	$7,393
Noncash contributions received	2007-12-31	$0
Net income (gross income less expenses)	2007-12-31	$-20,245
Net plan assets at end of year (total assets less liabilities)	2007-12-31	$136,140
Net plan assets at beginning of year (total assets less liabilities)	2007-12-31	$156,385
Assets. Value of participant loans	2007-12-31	$54,692
Total contributions received or receivable from employer(s)	2007-12-31	$0
Value of certain deemed distributions of participant loans	2007-12-31	$0
Value of corrective distributions	2007-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2007-12-31	$638

Form 5500 Responses for MOTORSPORTS OF SCOTTSDALE DEFINED BENEFIT PENSION PLAN

2007: MOTORSPORTS OF SCOTTSDALE DEFINED BENEFIT PENSION PLAN 2007 form 5500 responses
2007-01-01	Type of plan entity	Single employer plan
2007-01-01	Submission has been amended	No
2007-01-01	This submission is the final filing	No
2007-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2007-01-01	Plan is a collectively bargained plan	No
2007-01-01	Plan funding arrangement – Trust	Yes
2007-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	MOTORSPORTS OF SCOTTSDALE
Employer identification number (EIN):	860860556
NAIC Classification:	441110
NAIC Description:	New Car Dealers