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PRICE FORD INC. 401(K) PLAN 401k Plan overview

Plan NamePRICE FORD INC. 401(K) PLAN
Plan identification number 001

PRICE FORD INC. 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • Profit-sharing
  • 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.
  • Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of 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.
  • 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

PRICE FORD, INC. has sponsored the creation of one or more 401k plans.

Company Name:PRICE FORD, INC.
Employer identification number (EIN):911699072
NAIC Classification:441110
NAIC Description:New Car Dealers

Additional information about PRICE FORD, INC.

Jurisdiction of Incorporation: State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number: 2550862

More information about PRICE FORD, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PRICE FORD INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01CRAIG SMITH2024-10-09
0012022-01-01CRAIG SMITH2023-08-03
0012021-01-01CRAIG SMITH2022-06-03
0012020-01-01CRAIG SMITH2021-08-03
0012019-01-01CRAIG SMITH2020-09-02
0012018-01-01
0012017-01-01CRAIG SMITH2018-08-16
0012016-01-01CRAIG SMITH2017-09-20
0012015-01-01
0012014-01-01
0012013-01-01
0012012-01-01CRAIG SMITH2013-04-29 CRAIG SMITH2013-04-29
0012011-01-01CRAIG SMITH2012-04-30 CRAIG SMITH2012-04-30
0012010-01-01CRAIG SMITH2011-03-30 CRAIG SMITH2011-03-30

Financial Data on PRICE FORD INC. 401(K) PLAN

Measure Date Value
2025 : PRICE FORD INC. 401(K) PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-10-0111308
Net assets as of the end of the plan year2025-10-011020216
Total assets as of the beginning of the plan year2025-10-01839280
Value of plan covered by a fidelity bond2025-10-01200000
Participant contributions to plan in this plan year2025-10-0183148
Value of participant loans at end of plan year2025-10-0128765
Other income to plan in this plan year2025-10-01109096
Plan net income in this plan year2025-10-01180936
Net assets as of the end of the plan year2025-10-011020216
Net assets as of the beginning of the plan year2025-10-01839280
Expensese paid to adminstrative service provicers from plan in this plan year2025-10-011408
2024 : PRICE FORD INC. 401(K) PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-10-092251
Net assets as of the end of the plan year2024-10-09839280
Total assets as of the beginning of the plan year2024-10-09651503
Value of plan covered by a fidelity bond2024-10-09200000
Participant contributions to plan in this plan year2024-10-0980387
Value of participant loans at end of plan year2024-10-0937018
Other income to plan in this plan year2024-10-09109641
Plan net income in this plan year2024-10-09187777
Net assets as of the end of the plan year2024-10-09839280
Net assets as of the beginning of the plan year2024-10-09651503
Fees paid to broker by Benefit Provider2024-10-094212
Expensese paid to adminstrative service provicers from plan in this plan year2024-10-092251
2018 : PRICE FORD INC. 401(K) PLAN 2018 401k financial data
Total unrealized appreciation/depreciation of assets2018-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total income from all sources (including contributions)2018-12-31$-68,838
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$7,393
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$5,838
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$115,381
Value of total assets at end of year2018-12-31$2,277,259
Value of total assets at beginning of year2018-12-31$2,353,490
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$1,555
Total interest from all sources2018-12-31$2,020
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
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
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$115,381
Participant contributions at end of year2018-12-31$66,775
Participant contributions at beginning of year2018-12-31$30,220
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-76,231
Value of net assets at end of year (total assets less liabilities)2018-12-31$2,277,259
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$2,353,490
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
Value of interest in pooled separate accounts at end of year2018-12-31$2,200,797
Value of interest in pooled separate accounts at beginning of year2018-12-31$2,313,610
Interest on participant loans2018-12-31$2,020
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2018-12-31$9,687
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2018-12-31$9,660
Net investment gain/loss from pooled separate accounts2018-12-31$-186,239
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
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$5,838
Contract administrator fees2018-12-31$1,555
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 name2018-12-31RICHEY MAY & CO
Accountancy firm EIN2018-12-31710911208

Form 5500 Responses for PRICE FORD INC. 401(K) PLAN

2018: PRICE FORD INC. 401(K) PLAN 2018 form 5500 responses
2018-01-01Type of plan entityMulitple employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – InsuranceYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement – InsuranceYes
2018-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract number814782
Policy instance 1
VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract number81B903
Policy instance 2

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