?>
Logo

PROACTIVE DEALER SOLUTIONS, LLC 401(K) PLAN 401k Plan overview

Plan NamePROACTIVE DEALER SOLUTIONS, LLC 401(K) PLAN
Plan identification number 001

PROACTIVE DEALER SOLUTIONS, LLC 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

PROACTIVE DEALER SOLUTIONS, LLC has sponsored the creation of one or more 401k plans.

Company Name:PROACTIVE DEALER SOLUTIONS, LLC
Employer identification number (EIN):205136220
NAIC Classification:541800

Additional information about PROACTIVE DEALER SOLUTIONS, LLC

Jurisdiction of Incorporation: North Carolina Secretary of State
Incorporation Date:
Company Identification Number: 0853695

More information about PROACTIVE DEALER SOLUTIONS, LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PROACTIVE DEALER SOLUTIONS, LLC 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01JUSTINA SCALISE2023-10-05 JUSTINA SCALISE2023-10-05
0012021-01-01LAWSON OWEN2022-10-11 LAWSON OWEN2022-10-11
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01

Plan Statistics for PROACTIVE DEALER SOLUTIONS, LLC 401(K) PLAN

401k plan membership statisitcs for PROACTIVE DEALER SOLUTIONS, LLC 401(K) PLAN

Measure Date Value
2022: PROACTIVE DEALER SOLUTIONS, LLC 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01155
Total number of active participants reported on line 7a of the Form 55002022-01-01141
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0129
Total of all active and inactive participants2022-01-01170
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01170
Number of participants with account balances2022-01-0180
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-0120
2021: PROACTIVE DEALER SOLUTIONS, LLC 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01142
Total number of active participants reported on line 7a of the Form 55002021-01-01141
Number of retired or separated participants receiving benefits2021-01-013
Number of other retired or separated participants entitled to future benefits2021-01-0111
Total of all active and inactive participants2021-01-01155
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01155
Number of participants with account balances2021-01-0165
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-0111

Financial Data on PROACTIVE DEALER SOLUTIONS, LLC 401(K) PLAN

Measure Date Value
2022 : PROACTIVE DEALER SOLUTIONS, LLC 401(K) PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$186
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$1,549
Total income from all sources (including contributions)2022-12-31$270,582
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$127,156
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$108,816
Expenses. Certain deemed distributions of participant loans2022-12-31$1,041
Value of total corrective distributions2022-12-31$186
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$412,295
Value of total assets at end of year2022-12-31$939,531
Value of total assets at beginning of year2022-12-31$797,468
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$17,113
Total interest from all sources2022-12-31$910
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$0
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$42,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$392,488
Participant contributions at end of year2022-12-31$29,385
Participant contributions at beginning of year2022-12-31$7,413
Total non interest bearing cash at end of year2022-12-31$3,315
Total non interest bearing cash at beginning of year2022-12-31$1,801
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$143,426
Value of net assets at end of year (total assets less liabilities)2022-12-31$939,345
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$795,919
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Investment advisory and management fees2022-12-31$15,388
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$906,831
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$788,254
Interest on participant loans2022-12-31$910
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-142,623
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$19,807
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$108,816
Contract administrator fees2022-12-31$1,725
Liabilities. Value of benefit claims payable at end of year2022-12-31$186
Liabilities. Value of benefit claims payable at beginning of year2022-12-31$1,549
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31FORVIS, LLP
Accountancy firm EIN2022-12-31440160260
2021 : PROACTIVE DEALER SOLUTIONS, LLC 401(K) PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$1,549
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total income from all sources (including contributions)2021-12-31$406,499
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$26,367
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$11,974
Value of total corrective distributions2021-12-31$1,549
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$321,847
Value of total assets at end of year2021-12-31$797,468
Value of total assets at beginning of year2021-12-31$415,787
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$12,844
Total interest from all sources2021-12-31$191
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$0
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$42,000
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$278,392
Participant contributions at end of year2021-12-31$7,413
Participant contributions at beginning of year2021-12-31$1,741
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$28,166
Total non interest bearing cash at end of year2021-12-31$1,801
Total non interest bearing cash at beginning of year2021-12-31$1,437
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$380,132
Value of net assets at end of year (total assets less liabilities)2021-12-31$795,919
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$415,787
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$11,819
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$788,254
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$412,609
Interest on participant loans2021-12-31$191
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$84,461
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$15,289
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$11,974
Contract administrator fees2021-12-31$1,025
Liabilities. Value of benefit claims payable at end of year2021-12-31$1,549
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 name2021-12-31FORVIS, LLP
Accountancy firm EIN2021-12-31440160260

Form 5500 Responses for PROACTIVE DEALER SOLUTIONS, LLC 401(K) PLAN

2022: PROACTIVE DEALER SOLUTIONS, LLC 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: PROACTIVE DEALER SOLUTIONS, LLC 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number131055
Policy instance 1
Insurance contract or identification number131055
Number of Individuals Covered85
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $5,910
Total amount of fees paid to insurance companyUSD $2,128
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Commission paid to Insurance BrokerUSD $5,910
Insurance broker organization code?3
Amount paid for insurance broker fees2128
Additional information about fees paid to insurance brokerTPA FEES AND COMPENSATION
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number131055
Policy instance 1
Insurance contract or identification number131055
Number of Individuals Covered71
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Total amount of commissions paid to insurance brokerUSD $4,414
Total amount of fees paid to insurance companyUSD $1,322
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Commission paid to Insurance BrokerUSD $4,414
Insurance broker organization code?3
Amount paid for insurance broker fees1322
Additional information about fees paid to insurance brokerTPA FEES AND COMPENSATION

Was this data useful?
If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us.

Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer
The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Copyright © Market Footprint Ltd
Contact us   Datalog Company Directory
401k Lookup     VAT Lookup S3