RECOVERY RACING III, LLC D/B/A FERRARI AND MASERATI OF LONG ISLAND has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan RECOVERY RACING III, LLC D/B/A FERRARI & MASERATI OF LONG ISLAND 401K PLAN
401k plan membership statisitcs for RECOVERY RACING III, LLC D/B/A FERRARI & MASERATI OF LONG ISLAND 401K PLAN
Measure | Date | Value |
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2017 : RECOVERY RACING III, LLC D/B/A FERRARI & MASERATI OF LONG ISLAND 401K PLAN 2017 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2017-07-13 | $0 |
Total transfer of assets from this plan | 2017-07-13 | $685,982 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2017-07-13 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2017-07-13 | $5,316 |
Total income from all sources (including contributions) | 2017-07-13 | $53,777 |
Total loss/gain on sale of assets | 2017-07-13 | $0 |
Total of all expenses incurred | 2017-07-13 | $5,813 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2017-07-13 | $1,364 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2017-07-13 | $9,034 |
Value of total assets at end of year | 2017-07-13 | $0 |
Value of total assets at beginning of year | 2017-07-13 | $643,334 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2017-07-13 | $4,449 |
Total interest from all sources | 2017-07-13 | $1,289 |
Total dividends received (eg from common stock, registered investment company shares) | 2017-07-13 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2017-07-13 | No |
Administrative expenses professional fees incurred | 2017-07-13 | $4,449 |
Was this plan covered by a fidelity bond | 2017-07-13 | Yes |
Value of fidelity bond cover | 2017-07-13 | $500,000 |
If this is an individual account plan, was there a blackout period | 2017-07-13 | No |
Were there any nonexempt tranactions with any party-in-interest | 2017-07-13 | No |
Contributions received from participants | 2017-07-13 | $9,034 |
Participant contributions at end of year | 2017-07-13 | $0 |
Participant contributions at beginning of year | 2017-07-13 | $64,079 |
Participant contributions at end of year | 2017-07-13 | $0 |
Participant contributions at beginning of year | 2017-07-13 | $0 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2017-07-13 | No |
Value of net income/loss | 2017-07-13 | $47,964 |
Value of net assets at end of year (total assets less liabilities) | 2017-07-13 | $0 |
Value of net assets at beginning of year (total assets less liabilities) | 2017-07-13 | $638,018 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2017-07-13 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2017-07-13 | No |
Were any leases to which the plan was party in default or uncollectible | 2017-07-13 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2017-07-13 | $0 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2017-07-13 | $566,925 |
Interest on participant loans | 2017-07-13 | $1,289 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2017-07-13 | $0 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2017-07-13 | $12,330 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2017-07-13 | $43,454 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2017-07-13 | No |
Was there a failure to transmit to the plan any participant contributions | 2017-07-13 | No |
Has the plan failed to provide any benefit when due under the plan | 2017-07-13 | No |
Employer contributions (assets) at end of year | 2017-07-13 | $0 |
Employer contributions (assets) at beginning of year | 2017-07-13 | $0 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2017-07-13 | $1,364 |
Liabilities. Value of benefit claims payable at end of year | 2017-07-13 | $0 |
Liabilities. Value of benefit claims payable at beginning of year | 2017-07-13 | $5,316 |
Did the plan have assets held for investment | 2017-07-13 | 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 | 2017-07-13 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2017-07-13 | Yes |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2017-07-13 | Yes |
Opinion of an independent qualified public accountant for this plan | 2017-07-13 | Disclaimer |
Accountancy firm name | 2017-07-13 | RICHARD, WITT AND CHARLES, LLP |
Accountancy firm EIN | 2017-07-13 | 112498859 |
2016 : RECOVERY RACING III, LLC D/B/A FERRARI & MASERATI OF LONG ISLAND 401K PLAN 2016 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2016-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2016-12-31 | $5,316 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2016-12-31 | $0 |
Total income from all sources (including contributions) | 2016-12-31 | $172,183 |
Total loss/gain on sale of assets | 2016-12-31 | $0 |
Total of all expenses incurred | 2016-12-31 | $74,324 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2016-12-31 | $20,661 |
Value of total corrective distributions | 2016-12-31 | $48,295 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2016-12-31 | $124,086 |
Value of total assets at end of year | 2016-12-31 | $643,334 |
Value of total assets at beginning of year | 2016-12-31 | $540,159 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2016-12-31 | $5,368 |
Total interest from all sources | 2016-12-31 | $948 |
Total dividends received (eg from common stock, registered investment company shares) | 2016-12-31 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2016-12-31 | No |
Was this plan covered by a fidelity bond | 2016-12-31 | Yes |
Value of fidelity bond cover | 2016-12-31 | $500,000 |
If this is an individual account plan, was there a blackout period | 2016-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2016-12-31 | No |
Contributions received from participants | 2016-12-31 | $76,939 |
Participant contributions at end of year | 2016-12-31 | $64,079 |
Participant contributions at beginning of year | 2016-12-31 | $0 |
Participant contributions at end of year | 2016-12-31 | $0 |
Participant contributions at beginning of year | 2016-12-31 | $8,088 |
Income. Received or receivable in cash from other sources (including rollovers) | 2016-12-31 | $47,147 |
Other income not declared elsewhere | 2016-12-31 | $0 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2016-12-31 | No |
Value of net income/loss | 2016-12-31 | $97,859 |
Value of net assets at end of year (total assets less liabilities) | 2016-12-31 | $638,018 |
Value of net assets at beginning of year (total assets less liabilities) | 2016-12-31 | $540,159 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2016-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2016-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2016-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2016-12-31 | $566,925 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2016-12-31 | $532,071 |
Interest on participant loans | 2016-12-31 | $948 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2016-12-31 | $12,330 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2016-12-31 | $0 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2016-12-31 | $47,149 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2016-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2016-12-31 | Yes |
Has the plan failed to provide any benefit when due under the plan | 2016-12-31 | No |
Employer contributions (assets) at end of year | 2016-12-31 | $0 |
Employer contributions (assets) at beginning of year | 2016-12-31 | $0 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2016-12-31 | $20,661 |
Contract administrator fees | 2016-12-31 | $5,368 |
Liabilities. Value of benefit claims payable at end of year | 2016-12-31 | $5,316 |
Liabilities. Value of benefit claims payable at beginning of year | 2016-12-31 | $0 |
Did the plan have assets held for investment | 2016-12-31 | 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 | 2016-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2016-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2016-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2016-12-31 | Disclaimer |
Accountancy firm name | 2016-12-31 | RICHARD, WITT AND CHARLES, LLP |
Accountancy firm EIN | 2016-12-31 | 112498859 |
2015 : RECOVERY RACING III, LLC D/B/A FERRARI & MASERATI OF LONG ISLAND 401K PLAN 2015 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2015-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2015-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2015-12-31 | $0 |
Total income from all sources (including contributions) | 2015-12-31 | $110,990 |
Total loss/gain on sale of assets | 2015-12-31 | $0 |
Total of all expenses incurred | 2015-12-31 | $58,615 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2015-12-31 | $36,003 |
Expenses. Certain deemed distributions of participant loans | 2015-12-31 | $17,651 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2015-12-31 | $121,059 |
Value of total assets at end of year | 2015-12-31 | $540,159 |
Value of total assets at beginning of year | 2015-12-31 | $487,784 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2015-12-31 | $4,961 |
Total interest from all sources | 2015-12-31 | $65 |
Total dividends received (eg from common stock, registered investment company shares) | 2015-12-31 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2015-12-31 | No |
Administrative expenses professional fees incurred | 2015-12-31 | $4,961 |
Was this plan covered by a fidelity bond | 2015-12-31 | Yes |
Value of fidelity bond cover | 2015-12-31 | $500,000 |
If this is an individual account plan, was there a blackout period | 2015-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2015-12-31 | No |
Contributions received from participants | 2015-12-31 | $121,059 |
Participant contributions at end of year | 2015-12-31 | $8,088 |
Participant contributions at beginning of year | 2015-12-31 | $1,543 |
Other income not declared elsewhere | 2015-12-31 | $0 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2015-12-31 | No |
Value of net income/loss | 2015-12-31 | $52,375 |
Value of net assets at end of year (total assets less liabilities) | 2015-12-31 | $540,159 |
Value of net assets at beginning of year (total assets less liabilities) | 2015-12-31 | $487,784 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2015-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2015-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2015-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2015-12-31 | $532,071 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2015-12-31 | $486,241 |
Interest on participant loans | 2015-12-31 | $65 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2015-12-31 | $0 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2015-12-31 | $0 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2015-12-31 | $-10,134 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2015-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2015-12-31 | Yes |
Has the plan failed to provide any benefit when due under the plan | 2015-12-31 | No |
Employer contributions (assets) at end of year | 2015-12-31 | $0 |
Employer contributions (assets) at beginning of year | 2015-12-31 | $0 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2015-12-31 | $36,003 |
Did the plan have assets held for investment | 2015-12-31 | 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 | 2015-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2015-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2015-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2015-12-31 | Disclaimer |
Accountancy firm name | 2015-12-31 | RICHARD, WITT AND CHARLES, LLP |
Accountancy firm EIN | 2015-12-31 | 112498859 |