401k Plan data: LONGMONT FORD 401(K) P/S PLAN plan

LONGMONT FORD 401(K) P/S PLAN 401k Plan overview

Plan Name	LONGMONT FORD 401(K) P/S PLAN
Plan identification number	001

LONGMONT FORD 401(K) P/S PLAN Benefits

401k Plan Type

Defined 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.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

LONGMONT FORD has sponsored the creation of one or more 401k plans.

Company Name: LONGMONT FORD

Employer identification number (EIN): 202332809

NAIC Classification: 441110
NAIC Description: New Car Dealers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan LONGMONT FORD 401(K) P/S PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2020-01-01 MICHAEL PEEBLES 2021-08-11
001 2019-01-01 MICHAEL PEBBLES 2020-10-14
001 2018-01-01
001 2017-01-01 TERESA PETTY 2018-06-14
001 2016-01-01 TERESA PETTY 2017-07-31
001 2015-01-01 TERESA PETTY 2016-06-08

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
001	2020-01-01	MICHAEL PEEBLES	2021-08-11
001	2019-01-01	MICHAEL PEBBLES	2020-10-14
001	2018-01-01
001	2017-01-01	TERESA PETTY	2018-06-14
001	2016-01-01	TERESA PETTY	2017-07-31
001	2015-01-01	TERESA PETTY	2016-06-08

Plan Statistics for LONGMONT FORD 401(K) P/S PLAN

401k plan membership statisitcs for LONGMONT FORD 401(K) P/S PLAN

Measure Date Value
2020: LONGMONT FORD 401(K) P/S PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 116
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 0
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 0
Total of all active and inactive participants 2020-01-01 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 0
Number of participants with account balances 2020-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 0
2019: LONGMONT FORD 401(K) P/S PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 126
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 106
Number of retired or separated participants receiving benefits 2019-01-01 0
Number of other retired or separated participants entitled to future benefits 2019-01-01 10
Total of all active and inactive participants 2019-01-01 116
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 116
Number of participants with account balances 2019-01-01 81
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 0

Measure	Date	Value
2020: LONGMONT FORD 401(K) P/S PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	116
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	0
Number of retired or separated participants receiving benefits	2020-01-01	0
Number of other retired or separated participants entitled to future benefits	2020-01-01	0
Total of all active and inactive participants	2020-01-01	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	0
Number of participants with account balances	2020-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	0
2019: LONGMONT FORD 401(K) P/S PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	126
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	106
Number of retired or separated participants receiving benefits	2019-01-01	0
Number of other retired or separated participants entitled to future benefits	2019-01-01	10
Total of all active and inactive participants	2019-01-01	116
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	116
Number of participants with account balances	2019-01-01	81
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	0

Financial Data on LONGMONT FORD 401(K) P/S PLAN

Measure	Date	Value
2020 : LONGMONT FORD 401(K) P/S PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets	2020-10-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-10-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-10-31	$0
Total income from all sources (including contributions)	2020-10-31	$10,017
Total loss/gain on sale of assets	2020-10-31	$0
Total of all expenses incurred	2020-10-31	$2,167,407
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2020-10-31	$2,167,304
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2020-10-31	$9,732
Value of total assets at end of year	2020-10-31	$0
Value of total assets at beginning of year	2020-10-31	$2,157,390
Total of administrative expenses incurred including professional, contract, advisory and management fees	2020-10-31	$103
Total interest from all sources	2020-10-31	$528
Total dividends received (eg from common stock, registered investment company shares)	2020-10-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2020-10-31	Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan	2020-10-31	$0
Was this plan covered by a fidelity bond	2020-10-31	Yes
Value of fidelity bond cover	2020-10-31	$500,000
If this is an individual account plan, was there a blackout period	2020-10-31	No
Were there any nonexempt tranactions with any party-in-interest	2020-10-31	No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-10-31	No
Value of net income/loss	2020-10-31	$-2,157,390
Value of net assets at end of year (total assets less liabilities)	2020-10-31	$0
Value of net assets at beginning of year (total assets less liabilities)	2020-10-31	$2,157,390
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2020-10-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2020-10-31	No
Were any leases to which the plan was party in default or uncollectible	2020-10-31	No
Investment advisory and management fees	2020-10-31	$98
Value of interest in pooled separate accounts at end of year	2020-10-31	$0
Value of interest in pooled separate accounts at beginning of year	2020-10-31	$1,721,600
Interest earned on other investments	2020-10-31	$528
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2020-10-31	$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2020-10-31	$435,790
Net investment gain/loss from pooled separate accounts	2020-10-31	$-243
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2020-10-31	No
Was there a failure to transmit to the plan any participant contributions	2020-10-31	No
Has the plan failed to provide any benefit when due under the plan	2020-10-31	No
Contributions received in cash from employer	2020-10-31	$9,732
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2020-10-31	$2,167,304
Contract administrator fees	2020-10-31	$5
Did the plan have assets held for investment	2020-10-31	No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-10-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2020-10-31	Yes
Opinion of an independent qualified public accountant for this plan	2020-10-31	Disclaimer
Accountancy firm name	2020-10-31	CROWE LLP
Accountancy firm EIN	2020-10-31	350921680
2019 : LONGMONT FORD 401(K) P/S PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets	2019-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$0
Total income from all sources (including contributions)	2019-12-31	$849,221
Total income from all sources (including contributions)	2019-12-31	$849,221
Total loss/gain on sale of assets	2019-12-31	$0
Total loss/gain on sale of assets	2019-12-31	$0
Total of all expenses incurred	2019-12-31	$138,274
Total of all expenses incurred	2019-12-31	$138,274
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2019-12-31	$129,136
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2019-12-31	$129,136
Value of total corrective distributions	2019-12-31	$2,323
Value of total corrective distributions	2019-12-31	$2,323
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2019-12-31	$515,414
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2019-12-31	$515,414
Value of total assets at end of year	2019-12-31	$2,157,390
Value of total assets at end of year	2019-12-31	$2,157,390
Value of total assets at beginning of year	2019-12-31	$1,446,443
Value of total assets at beginning of year	2019-12-31	$1,446,443
Total of administrative expenses incurred including professional, contract, advisory and management fees	2019-12-31	$6,815
Total of administrative expenses incurred including professional, contract, advisory and management fees	2019-12-31	$6,815
Total interest from all sources	2019-12-31	$3,260
Total interest from all sources	2019-12-31	$3,260
Total dividends received (eg from common stock, registered investment company shares)	2019-12-31	$0
Total dividends received (eg from common stock, registered investment company shares)	2019-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2019-12-31	Yes
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2019-12-31	Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan	2019-12-31	$0
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan	2019-12-31	$0
Was this plan covered by a fidelity bond	2019-12-31	Yes
Was this plan covered by a fidelity bond	2019-12-31	Yes
Value of fidelity bond cover	2019-12-31	$500,000
Value of fidelity bond cover	2019-12-31	$500,000
If this is an individual account plan, was there a blackout period	2019-12-31	No
If this is an individual account plan, was there a blackout period	2019-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2019-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2019-12-31	No
Contributions received from participants	2019-12-31	$343,550
Contributions received from participants	2019-12-31	$343,550
Other income not declared elsewhere	2019-12-31	$3,096
Other income not declared elsewhere	2019-12-31	$3,096
Administrative expenses (other) incurred	2019-12-31	$300
Administrative expenses (other) incurred	2019-12-31	$300
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Value of net income/loss	2019-12-31	$710,947
Value of net income/loss	2019-12-31	$710,947
Value of net assets at end of year (total assets less liabilities)	2019-12-31	$2,157,390
Value of net assets at end of year (total assets less liabilities)	2019-12-31	$2,157,390
Value of net assets at beginning of year (total assets less liabilities)	2019-12-31	$1,446,443
Value of net assets at beginning of year (total assets less liabilities)	2019-12-31	$1,446,443
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2019-12-31	No
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2019-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2019-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2019-12-31	No
Were any leases to which the plan was party in default or uncollectible	2019-12-31	No
Were any leases to which the plan was party in default or uncollectible	2019-12-31	No
Investment advisory and management fees	2019-12-31	$1,025
Investment advisory and management fees	2019-12-31	$1,025
Value of interest in pooled separate accounts at end of year	2019-12-31	$1,721,600
Value of interest in pooled separate accounts at end of year	2019-12-31	$1,721,600
Value of interest in pooled separate accounts at beginning of year	2019-12-31	$1,347,186
Interest earned on other investments	2019-12-31	$3,260
Interest earned on other investments	2019-12-31	$3,260
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2019-12-31	$435,790
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2019-12-31	$435,790
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2019-12-31	$99,257
Net investment gain/loss from pooled separate accounts	2019-12-31	$327,451
Net investment gain/loss from pooled separate accounts	2019-12-31	$327,451
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2019-12-31	No
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2019-12-31	No
Was there a failure to transmit to the plan any participant contributions	2019-12-31	No
Was there a failure to transmit to the plan any participant contributions	2019-12-31	No
Has the plan failed to provide any benefit when due under the plan	2019-12-31	No
Has the plan failed to provide any benefit when due under the plan	2019-12-31	No
Contributions received in cash from employer	2019-12-31	$171,864
Contributions received in cash from employer	2019-12-31	$171,864
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2019-12-31	$129,136
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2019-12-31	$129,136
Contract administrator fees	2019-12-31	$5,490
Contract administrator fees	2019-12-31	$5,490
Did the plan have assets held for investment	2019-12-31	Yes
Did the plan have assets held for investment	2019-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2019-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2019-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2019-12-31	Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2019-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2019-12-31	Disclaimer
Opinion of an independent qualified public accountant for this plan	2019-12-31	Disclaimer
Accountancy firm name	2019-12-31	CROWE LLP
Accountancy firm name	2019-12-31	CROWE LLP
Accountancy firm EIN	2019-12-31	350921680
Accountancy firm EIN	2019-12-31	350921680

Form 5500 Responses for LONGMONT FORD 401(K) P/S PLAN

2020: LONGMONT FORD 401(K) P/S PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	Yes
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	Yes
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Insurance	Yes
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement – Insurance	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: LONGMONT FORD 401(K) P/S PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	No
2019-01-01	This submission is the final filing	No
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	No
2019-01-01	Plan funding arrangement – Insurance	Yes
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement – Insurance	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

SENTRY LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68810 )
Policy contract number	01-10655-01
Policy instance	1
SENTRY LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68810 )
Policy contract number	01-10655-01
Policy instance	1

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Company Name:	LONGMONT FORD
Employer identification number (EIN):	202332809
NAIC Classification:	441110
NAIC Description:	New Car Dealers