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EAST SYRACUSE CHEVROLET EMPLOYEES' RETIREMENT & PROFIT SHARING PLAN & TRUST 401k Plan overview

Plan NameEAST SYRACUSE CHEVROLET EMPLOYEES' RETIREMENT & PROFIT SHARING PLAN & TRUST
Plan identification number 001

EAST SYRACUSE CHEVROLET EMPLOYEES' RETIREMENT & PROFIT SHARING PLAN & TRUST 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

EAST SYRACUSE SALES CO., INC. has sponsored the creation of one or more 401k plans.

Company Name:EAST SYRACUSE SALES CO., INC.
Employer identification number (EIN):150296060
NAIC Classification:441110
NAIC Description:New Car Dealers

Additional information about EAST SYRACUSE SALES CO., INC.

Jurisdiction of Incorporation: New York Department of State
Incorporation Date: 1931-09-10
Company Identification Number: 41305
Legal Registered Office Address: c/o Bousquet Holstein PLLC
110 W Fayette St, Ste 1000
Syracuse
United States of America (USA)
13202

More information about EAST SYRACUSE SALES CO., INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan EAST SYRACUSE CHEVROLET EMPLOYEES' RETIREMENT & PROFIT SHARING PLAN & TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01AMBROSE BARBUTO2022-10-14
0012021-01-01
0012021-01-01AMBROSE BARBUTO
0012020-01-01
0012019-01-01
0012018-01-01AMBROSE BARBUTO2019-07-23
0012017-01-01AMBROSE BARBUTO2018-07-03
0012016-01-01AMBROSE BARBUTO2017-09-26
0012015-01-01AMBROSE BARBUTO2016-07-19
0012014-01-01AMBROSE BARBUTO2015-09-22 AMBROSE BARBUTO2015-09-22
0012013-01-01AMBROSE BARBUTO2014-06-25 AMBROSE BARBUTO2014-06-25
0012012-01-01AMBROSE BARBUTO2013-02-21 AMBROSE BARBUTO2013-02-21
0012011-01-01AMBROSE BARBUTO2012-02-29 AMBROSE BARBUTO2012-02-29
0012010-01-01SIDNEY GREENBURG2011-06-07

Financial Data on EAST SYRACUSE CHEVROLET EMPLOYEES' RETIREMENT & PROFIT SHARING PLAN & TRUST

Measure Date Value
2021 : EAST SYRACUSE CHEVROLET EMPLOYEES' RETIREMENT & PROFIT SHARING PLAN & TRUST 2021 401k financial data
Total income from all sources (including contributions)2021-12-31$964,949
Total of all expenses incurred2021-12-31$143,748
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$113,691
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$387,597
Value of total assets at end of year2021-12-31$5,365,656
Value of total assets at beginning of year2021-12-31$4,544,455
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$30,057
Total interest from all sources2021-12-31$3,566
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$355,795
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2021-12-31$0
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$355,795
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
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$241,077
Participant contributions at end of year2021-12-31$56,841
Participant contributions at beginning of year2021-12-31$98,670
Participant contributions at end of year2021-12-31$0
Participant contributions at beginning of year2021-12-31$4,612
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$66,041
Value of other receiveables (less allowance for doubtful accounts) at end of year2021-12-31$171
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2021-12-31$77
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$821,201
Value of net assets at end of year (total assets less liabilities)2021-12-31$5,365,656
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$4,544,455
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
Investment advisory and management fees2021-12-31$17,088
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$5,305,953
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$4,438,935
Interest on participant loans2021-12-31$3,566
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2021-12-31$51
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2021-12-31$34
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2021-12-31$34
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$217,991
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 contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$80,479
Employer contributions (assets) at end of year2021-12-31$2,640
Employer contributions (assets) at beginning of year2021-12-31$2,127
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$113,691
Contract administrator fees2021-12-31$12,969
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
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31BDG CPAS
Accountancy firm EIN2021-12-31222625944
2020 : EAST SYRACUSE CHEVROLET EMPLOYEES' RETIREMENT & PROFIT SHARING PLAN & TRUST 2020 401k financial data
Total income from all sources (including contributions)2020-12-31$920,834
Total of all expenses incurred2020-12-31$1,222,578
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$1,185,947
Expenses. Certain deemed distributions of participant loans2020-12-31$11,220
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$298,578
Value of total assets at end of year2020-12-31$4,544,455
Value of total assets at beginning of year2020-12-31$4,846,199
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$25,411
Total interest from all sources2020-12-31$4,448
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$131,400
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$131,400
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$400,000
If this is an individual account plan, was there a blackout period2020-12-31No
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$211,577
Participant contributions at end of year2020-12-31$98,670
Participant contributions at beginning of year2020-12-31$96,551
Participant contributions at end of year2020-12-31$4,612
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$12,380
Value of other receiveables (less allowance for doubtful accounts) at end of year2020-12-31$77
Total non interest bearing cash at beginning of year2020-12-31$6,401
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$-301,744
Value of net assets at end of year (total assets less liabilities)2020-12-31$4,544,455
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$4,846,199
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
Investment advisory and management fees2020-12-31$15,748
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$4,438,935
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$4,632,552
Interest on participant loans2020-12-31$4,094
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2020-12-31$34
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2020-12-31$105,535
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2020-12-31$105,535
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2020-12-31$354
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$486,408
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 contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$74,621
Employer contributions (assets) at end of year2020-12-31$2,127
Employer contributions (assets) at beginning of year2020-12-31$5,160
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$1,185,947
Contract administrator fees2020-12-31$9,663
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
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31BDG CPAS
Accountancy firm EIN2020-12-31222625944
2019 : EAST SYRACUSE CHEVROLET EMPLOYEES' RETIREMENT & PROFIT SHARING PLAN & TRUST 2019 401k financial data
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$5
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$5
Total income from all sources (including contributions)2019-12-31$1,147,220
Total income from all sources (including contributions)2019-12-31$1,147,220
Total of all expenses incurred2019-12-31$244,901
Total of all expenses incurred2019-12-31$244,901
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$187,987
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$187,987
Expenses. Certain deemed distributions of participant loans2019-12-31$21,327
Expenses. Certain deemed distributions of participant loans2019-12-31$21,327
Value of total corrective distributions2019-12-31$8,493
Value of total corrective distributions2019-12-31$8,493
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$355,951
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$355,951
Value of total assets at end of year2019-12-31$4,846,199
Value of total assets at beginning of year2019-12-31$3,943,885
Value of total assets at beginning of year2019-12-31$3,943,885
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$27,094
Total interest from all sources2019-12-31$6,226
Total interest from all sources2019-12-31$6,226
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$148,624
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$148,624
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$148,624
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$148,624
Was this plan covered by a fidelity bond2019-12-31Yes
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$500,000
Value of fidelity bond cover2019-12-31$500,000
If this is an individual account plan, was there a blackout period2019-12-31No
If this is an individual account plan, was there a blackout period2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$268,625
Contributions received from participants2019-12-31$268,625
Participant contributions at end of year2019-12-31$96,551
Participant contributions at end of year2019-12-31$96,551
Participant contributions at beginning of year2019-12-31$127,606
Participant contributions at beginning of year2019-12-31$127,606
Participant contributions at end of year2019-12-31$0
Participant contributions at end of year2019-12-31$0
Participant contributions at beginning of year2019-12-31$5,662
Participant contributions at beginning of year2019-12-31$5,662
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$32
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-12-31$199
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-12-31$199
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2019-12-31$5
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2019-12-31$5
Total non interest bearing cash at end of year2019-12-31$6,401
Total non interest bearing cash at end of year2019-12-31$6,401
Total non interest bearing cash at beginning of year2019-12-31$8,902
Total non interest bearing cash at beginning of year2019-12-31$8,902
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$902,319
Value of net income/loss2019-12-31$902,319
Value of net assets at end of year (total assets less liabilities)2019-12-31$4,846,199
Value of net assets at end of year (total assets less liabilities)2019-12-31$4,846,199
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$3,943,880
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$3,943,880
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Investment advisory and management fees2019-12-31$15,121
Investment advisory and management fees2019-12-31$15,121
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$4,632,552
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$4,632,552
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$3,795,870
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$3,795,870
Interest on participant loans2019-12-31$4,996
Interest on participant loans2019-12-31$4,996
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-12-31$105,535
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-12-31$105,535
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-12-31$80
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-12-31$80
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-12-31$80
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-12-31$80
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-12-31$1,230
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-12-31$1,230
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$636,419
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$636,419
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$87,294
Contributions received in cash from employer2019-12-31$87,294
Employer contributions (assets) at end of year2019-12-31$5,160
Employer contributions (assets) at end of year2019-12-31$5,160
Employer contributions (assets) at beginning of year2019-12-31$5,566
Employer contributions (assets) at beginning of year2019-12-31$5,566
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$187,987
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$187,987
Contract administrator fees2019-12-31$11,973
Contract administrator fees2019-12-31$11,973
Did the plan have assets held for investment2019-12-31Yes
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31BDG CPAS
Accountancy firm name2019-12-31BDG CPAS
Accountancy firm EIN2019-12-31222625944
Accountancy firm EIN2019-12-31222625944

Form 5500 Responses for EAST SYRACUSE CHEVROLET EMPLOYEES' RETIREMENT & PROFIT SHARING PLAN & TRUST

2021: EAST SYRACUSE CHEVROLET EMPLOYEES' RETIREMENT & PROFIT SHARING PLAN & TRUST 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: EAST SYRACUSE CHEVROLET EMPLOYEES' RETIREMENT & PROFIT SHARING PLAN & TRUST 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: EAST SYRACUSE CHEVROLET EMPLOYEES' RETIREMENT & PROFIT SHARING PLAN & TRUST 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes

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