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SOUTH BAY VOLKSWAGEN 401(K) PLAN 401k Plan overview

Plan NameSOUTH BAY VOLKSWAGEN 401(K) PLAN
Plan identification number 001

SOUTH BAY VOLKSWAGEN 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.
  • 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

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

Company Name:CIRCLE MOTORS, INC.
Employer identification number (EIN):953349783
NAIC Classification:441110
NAIC Description:New Car Dealers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SOUTH BAY VOLKSWAGEN 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01
0012016-01-01CAROL ALDRICH2017-07-12
0012015-01-01KATIE OBREMSKI2016-07-19
0012014-01-01KATHY MITCHELL2015-06-06
0012013-01-01DONNA JAMES2014-05-28
0012012-01-01DONNA JAMES2013-06-12
0012011-01-01DONNA JAMES2012-07-17
0012010-01-01RUDOLPH ERM JR2011-07-15
0012009-01-01RUDY F. ERM JR. DONNA JAMES2010-07-20
0012009-01-01 DONNA JAMES2010-07-20

Plan Statistics for SOUTH BAY VOLKSWAGEN 401(K) PLAN

401k plan membership statisitcs for SOUTH BAY VOLKSWAGEN 401(K) PLAN

Measure Date Value
2025: SOUTH BAY VOLKSWAGEN 401(K) PLAN 2025 401k membership
Total number of particpants at beginning of year2025-09-1145
Total number of particpants at end of year2025-09-110
Number of Participants With Account Balances2025-09-110
2024: SOUTH BAY VOLKSWAGEN 401(K) PLAN 2024 401k membership
Total number of particpants at beginning of year2024-08-2268
Total number of particpants at end of year2024-08-2245
Number of Participants With Account Balances2024-08-2220
2022: SOUTH BAY VOLKSWAGEN 401(K) PLAN 2022 401k membership
Total number of particpants at beginning of year2022-07-2970
Total number of particpants at end of year2022-07-2953
Number of Participants With Account Balances2022-07-2939
2009: SOUTH BAY VOLKSWAGEN 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0165
Total number of active participants reported on line 7a of the Form 55002009-01-0159
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-013
Total of all active and inactive participants2009-01-0162
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0162
Number of participants with account balances2009-01-0136
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-012

Financial Data on SOUTH BAY VOLKSWAGEN 401(K) PLAN

Measure Date Value
2025 : SOUTH BAY VOLKSWAGEN 401(K) PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-09-11853918
Net assets as of the end of the plan year2025-09-110
Total assets as of the beginning of the plan year2025-09-11782686
Value of plan covered by a fidelity bond2025-09-11250000
Value of participant loans at end of plan year2025-09-110
Other income to plan in this plan year2025-09-1171232
Plan net income in this plan year2025-09-11-782686
Net assets as of the end of the plan year2025-09-110
Net assets as of the beginning of the plan year2025-09-11782686
Expensese paid to adminstrative service provicers from plan in this plan year2025-09-114548
2024 : SOUTH BAY VOLKSWAGEN 401(K) PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-08-22182796
Net assets as of the end of the plan year2024-08-22782686
Total assets as of the beginning of the plan year2024-08-22875203
Value of plan covered by a fidelity bond2024-08-22250000
Participant contributions to plan in this plan year2024-08-228001
Value of participant loans at end of plan year2024-08-221096
Other income to plan in this plan year2024-08-2282278
Plan net income in this plan year2024-08-22-92517
Net assets as of the end of the plan year2024-08-22782686
Net assets as of the beginning of the plan year2024-08-22875203
Fees paid to broker by Benefit Provider2024-08-22142
Expensese paid to adminstrative service provicers from plan in this plan year2024-08-222464
2022 : SOUTH BAY VOLKSWAGEN 401(K) PLAN 2022 401k financial data
Total transfers to/from plan in this plan year2022-07-290
Total liabilities as of the end of the plan year2022-07-290
Total liabilities as of the beginning of the plan year2022-07-290
Total expenses incurred by plan in this plan year2022-07-29117388
Net assets as of the end of the plan year2022-07-29977462
Total assets as of the beginning of the plan year2022-07-29911124
Value of plan covered by a fidelity bond2022-07-29500000
Participant contributions to plan in this plan year2022-07-2974151
Value of participant loans at end of plan year2022-07-2917345
Other expenses paid from plan in this plan year2022-07-290
Other contributions to plan in this plan year2022-07-290
Other income to plan in this plan year2022-07-29109575
Plan net income in this plan year2022-07-2966338
Net assets as of the end of the plan year2022-07-29977462
Net assets as of the beginning of the plan year2022-07-29911124
Employer contributions to plan in this plan year2022-07-290
Fees paid to broker by Benefit Provider2022-07-291017
Expensese paid to adminstrative service provicers from plan in this plan year2022-07-293127
2009 : SOUTH BAY VOLKSWAGEN 401(K) PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for SOUTH BAY VOLKSWAGEN 401(K) PLAN

2009: SOUTH BAY VOLKSWAGEN 401(K) PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedYes
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

Potentially related plans

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