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HOGLUND COMPANIES 401(K) PLAN 401k Plan overview

Plan NameHOGLUND COMPANIES 401(K) PLAN
Plan identification number 002

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

401k Sponsoring company profile

HOGLUND COMPANIES has sponsored the creation of one or more 401k plans.

Company Name:HOGLUND COMPANIES
Employer identification number (EIN):205425281
NAIC Classification:441228
NAIC Description:Motorcycle, ATV, and All Other Motor Vehicle Dealers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan HOGLUND COMPANIES 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01LISA HOGLUND2024-09-23
0022022-01-01
0022022-01-01LISA HOGLUND

Financial Data on HOGLUND COMPANIES 401(K) PLAN

Measure Date Value
2025 : HOGLUND COMPANIES 401(K) PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-10-1575523
Net assets as of the end of the plan year2025-10-153901805
Total assets as of the beginning of the plan year2025-10-153207908
Value of plan covered by a fidelity bond2025-10-15385000
Participant contributions to plan in this plan year2025-10-15238599
Other expenses paid from plan in this plan year2025-10-15154
Other income to plan in this plan year2025-10-15438585
Plan net income in this plan year2025-10-15693897
Net assets as of the end of the plan year2025-10-153901805
Net assets as of the beginning of the plan year2025-10-153207908
Employer contributions to plan in this plan year2025-10-1592236
Expensese paid to adminstrative service provicers from plan in this plan year2025-10-1518919
2024 : HOGLUND COMPANIES 401(K) PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-09-2386717
Net assets as of the end of the plan year2024-09-233207908
Total assets as of the beginning of the plan year2024-09-232482375
Value of plan covered by a fidelity bond2024-09-23385000
Participant contributions to plan in this plan year2024-09-23192658
Other expenses paid from plan in this plan year2024-09-230
Other contributions to plan in this plan year2024-09-2366618
Other income to plan in this plan year2024-09-23473510
Plan net income in this plan year2024-09-23725533
Net assets as of the end of the plan year2024-09-233207908
Net assets as of the beginning of the plan year2024-09-232482375
Employer contributions to plan in this plan year2024-09-2379464
Expensese paid to adminstrative service provicers from plan in this plan year2024-09-2315895
2022 : HOGLUND COMPANIES 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$1,175
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$-242,566
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$233,534
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$217,475
Value of total corrective distributions2022-12-31$1,175
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$255,774
Value of total assets at end of year2022-12-31$2,483,550
Value of total assets at beginning of year2022-12-31$2,958,475
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$14,884
Total interest from all sources2022-12-31$206
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$295,848
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$180,295
Participant contributions at end of year2022-12-31$0
Participant contributions at beginning of year2022-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2022-12-31$1,175
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2022-12-31$0
Other income not declared elsewhere2022-12-31$14,224
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-476,100
Value of net assets at end of year (total assets less liabilities)2022-12-31$2,482,375
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$2,958,475
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
Value of interest in pooled separate accounts at end of year2022-12-31$2,460,151
Value of interest in pooled separate accounts at beginning of year2022-12-31$2,939,845
Interest earned on other investments2022-12-31$206
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$23,399
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$18,630
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$75,479
Employer contributions (assets) at end of year2022-12-31$0
Employer contributions (assets) at beginning of year2022-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$217,475
Contract administrator fees2022-12-31$14,884
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 name2022-12-31MILLER, WELLE, HEISER & CO., LTD.
Accountancy firm EIN2022-12-31411334380
Total unrealized appreciation/depreciation of assets2022-01-01$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-01-01$1,175
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-01-01$0
Total income from all sources (including contributions)2022-01-01$-242,566
Total loss/gain on sale of assets2022-01-01$0
Total of all expenses incurred2022-01-01$233,534
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-01-01$217,475
Value of total corrective distributions2022-01-01$1,175
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-01-01$255,774
Value of total assets at end of year2022-01-01$2,483,550
Value of total assets at beginning of year2022-01-01$2,958,475
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-01-01$14,884
Total interest from all sources2022-01-01$206
Total dividends received (eg from common stock, registered investment company shares)2022-01-01$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-01-01No
Was this plan covered by a fidelity bond2022-01-01Yes
Value of fidelity bond cover2022-01-01$295,848
If this is an individual account plan, was there a blackout period2022-01-01No
Were there any nonexempt tranactions with any party-in-interest2022-01-01No
Contributions received from participants2022-01-01$180,295
Participant contributions at end of year2022-01-01$0
Participant contributions at beginning of year2022-01-01$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2022-01-01$1,175
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2022-01-01$0
Other income not declared elsewhere2022-01-01$14,224
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Value of net income/loss2022-01-01$-476,100
Value of net assets at end of year (total assets less liabilities)2022-01-01$2,482,375
Value of net assets at beginning of year (total assets less liabilities)2022-01-01$2,958,475
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2022-01-01No
Were any leases to which the plan was party in default or uncollectible2022-01-01No
Value of interest in pooled separate accounts at end of year2022-01-01$2,460,151
Value of interest in pooled separate accounts at beginning of year2022-01-01$2,939,845
Interest earned on other investments2022-01-01$206
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-01-01$23,399
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-01-01$18,630
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-01-01No
Was there a failure to transmit to the plan any participant contributions2022-01-01No
Has the plan failed to provide any benefit when due under the plan2022-01-01No
Contributions received in cash from employer2022-01-01$75,479
Employer contributions (assets) at end of year2022-01-01$0
Employer contributions (assets) at beginning of year2022-01-01$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-01-01$217,475
Contract administrator fees2022-01-01$14,884
Did the plan have assets held for investment2022-01-01Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-01-01No
Opinion of an independent qualified public accountant for this plan2022-01-011
Accountancy firm name2022-01-01MILLER, WELLE, HEISER & CO., LTD.
Accountancy firm EIN2022-01-01411334380

Form 5500 Responses for HOGLUND COMPANIES 401(K) PLAN

2022: HOGLUND COMPANIES 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entityMulitple 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 – InsuranceYes
2022-01-01Plan 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 number817122
Policy instance 1
Insurance contract or identification number817122
Number of Individuals Covered83
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
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?Yes
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
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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