401k Plan data: OTTO ' S IMPORTED CARS, LTD. 401(K) PLAN plan

OTTO ' S IMPORTED CARS, LTD. 401(K) PLAN 401k Plan overview

Plan Name	OTTO ' S IMPORTED CARS, LTD. 401(K) PLAN
Plan identification number	002

OTTO ' S IMPORTED CARS, LTD. 401(K) 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.
Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
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

OTTO'S IMPORTED CARS, LTD. has sponsored the creation of one or more 401k plans.

Company Name: OTTO'S IMPORTED CARS, LTD.

Employer identification number (EIN): 231875173

NAIC Classification: 441110
NAIC Description: New Car Dealers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan OTTO ' S IMPORTED CARS, LTD. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2023-01-01 GENE MARINELLI 2024-07-22
002 2022-01-01 GENE MARINELLI 2023-06-03
002 2021-01-01
002 2020-01-01
002 2020-01-01
002 2019-01-01
002 2018-01-01
002 2017-01-01
002 2016-01-01
002 2015-01-01
002 2014-01-01 GENE MARINELLI 2015-07-14
002 2013-01-01 GENE MARINELLI 2014-08-14
002 2012-01-01 GENE MARINELLI GENE MARINELLI 2013-07-29
002 2011-01-01 GENE MARINELLI GENE MARINELLI 2012-06-26
002 2009-01-01
002 2009-01-01
002 2009-01-01 GENE MARINELLI GENE MARINELLI 2010-07-29

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
002	2023-01-01	GENE MARINELLI	2024-07-22
002	2022-01-01	GENE MARINELLI	2023-06-03
002	2021-01-01
002	2020-01-01
002	2020-01-01
002	2019-01-01
002	2018-01-01
002	2017-01-01
002	2016-01-01
002	2015-01-01
002	2014-01-01	GENE MARINELLI	2015-07-14
002	2013-01-01	GENE MARINELLI	2014-08-14
002	2012-01-01	GENE MARINELLI		GENE MARINELLI	2013-07-29
002	2011-01-01	GENE MARINELLI		GENE MARINELLI	2012-06-26
002	2009-01-01
002	2009-01-01
002	2009-01-01	GENE MARINELLI		GENE MARINELLI	2010-07-29

Plan Statistics for OTTO ' S IMPORTED CARS, LTD. 401(K) PLAN

401k plan membership statisitcs for OTTO ' S IMPORTED CARS, LTD. 401(K) PLAN

Measure Date Value
2024: OTTO ' S IMPORTED CARS, LTD. 401(K) PLAN 2024 401k membership
Total number of particpants at beginning of year 2024-07-22 91
Total number of particpants at end of year 2024-07-22 0
Number of Participants With Account Balances 2024-07-22 0
2012: OTTO ' S IMPORTED CARS, LTD. 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year 2012-01-01 61
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 45
Number of retired or separated participants receiving benefits 2012-01-01 0
Number of other retired or separated participants entitled to future benefits 2012-01-01 16
Total of all active and inactive participants 2012-01-01 61
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 61
Number of participants with account balances 2012-01-01 59
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 0
2011: OTTO ' S IMPORTED CARS, LTD. 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 60
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 43
Number of retired or separated participants receiving benefits 2011-01-01 0
Number of other retired or separated participants entitled to future benefits 2011-01-01 18
Total of all active and inactive participants 2011-01-01 61
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 61
Number of participants with account balances 2011-01-01 59
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 0
2009: OTTO ' S IMPORTED CARS, LTD. 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 63
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 42
Number of retired or separated participants receiving benefits 2009-01-01 0
Number of other retired or separated participants entitled to future benefits 2009-01-01 19
Total of all active and inactive participants 2009-01-01 61
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 61
Number of participants with account balances 2009-01-01 54
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 0

Measure	Date	Value
2024: OTTO ' S IMPORTED CARS, LTD. 401(K) PLAN 2024 401k membership
Total number of particpants at beginning of year	2024-07-22	91
Total number of particpants at end of year	2024-07-22	0
Number of Participants With Account Balances	2024-07-22	0
2012: OTTO ' S IMPORTED CARS, LTD. 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year	2012-01-01	61
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	45
Number of retired or separated participants receiving benefits	2012-01-01	0
Number of other retired or separated participants entitled to future benefits	2012-01-01	16
Total of all active and inactive participants	2012-01-01	61
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	61
Number of participants with account balances	2012-01-01	59
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	0
2011: OTTO ' S IMPORTED CARS, LTD. 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	60
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	43
Number of retired or separated participants receiving benefits	2011-01-01	0
Number of other retired or separated participants entitled to future benefits	2011-01-01	18
Total of all active and inactive participants	2011-01-01	61
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	61
Number of participants with account balances	2011-01-01	59
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	0
2009: OTTO ' S IMPORTED CARS, LTD. 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	63
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	42
Number of retired or separated participants receiving benefits	2009-01-01	0
Number of other retired or separated participants entitled to future benefits	2009-01-01	19
Total of all active and inactive participants	2009-01-01	61
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	61
Number of participants with account balances	2009-01-01	54
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	0

Financial Data on OTTO ' S IMPORTED CARS, LTD. 401(K) PLAN

Measure	Date	Value
2024 : OTTO ' S IMPORTED CARS, LTD. 401(K) PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year	2024-07-22	9519696
Net assets as of the end of the plan year	2024-07-22	0
Total assets as of the beginning of the plan year	2024-07-22	8443996
Value of plan covered by a fidelity bond	2024-07-22	500000
Participant contributions to plan in this plan year	2024-07-22	182445
Value of participant loans at end of plan year	2024-07-22	0
Other income to plan in this plan year	2024-07-22	799616
Plan net income in this plan year	2024-07-22	-8443996
Net assets as of the end of the plan year	2024-07-22	0
Net assets as of the beginning of the plan year	2024-07-22	8443996
Employer contributions to plan in this plan year	2024-07-22	93639
Expensese paid to adminstrative service provicers from plan in this plan year	2024-07-22	33185
2012 : OTTO ' S IMPORTED CARS, LTD. 401(K) PLAN 2012 401k financial data
Total income from all sources	2012-12-31	$606,196
Expenses. Total of all expenses incurred	2012-12-31	$934,545
Benefits paid (including direct rollovers)	2012-12-31	$932,770
Total plan assets at end of year	2012-12-31	$2,082,029
Total plan assets at beginning of year	2012-12-31	$2,410,378
Value of fidelity bond covering the plan	2012-12-31	$100,000
Total contributions received or receivable from participants	2012-12-31	$186,202
Contributions received from other sources (not participants or employers)	2012-12-31	$0
Other income received	2012-12-31	$344,403
Net income (gross income less expenses)	2012-12-31	$-328,349
Net plan assets at end of year (total assets less liabilities)	2012-12-31	$2,082,029
Net plan assets at beginning of year (total assets less liabilities)	2012-12-31	$2,410,378
Assets. Value of participant loans	2012-12-31	$101,704
Total contributions received or receivable from employer(s)	2012-12-31	$75,591
Value of certain deemed distributions of participant loans	2012-12-31	$0
Value of corrective distributions	2012-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2012-12-31	$1,775
2011 : OTTO ' S IMPORTED CARS, LTD. 401(K) PLAN 2011 401k financial data
Total income from all sources	2011-12-31	$141,799
Expenses. Total of all expenses incurred	2011-12-31	$58,518
Benefits paid (including direct rollovers)	2011-12-31	$56,124
Total plan assets at end of year	2011-12-31	$2,410,378
Total plan assets at beginning of year	2011-12-31	$2,327,097
Value of fidelity bond covering the plan	2011-12-31	$100,000
Total contributions received or receivable from participants	2011-12-31	$172,460
Contributions received from other sources (not participants or employers)	2011-12-31	$17,158
Other income received	2011-12-31	$-119,188
Net income (gross income less expenses)	2011-12-31	$83,281
Net plan assets at end of year (total assets less liabilities)	2011-12-31	$2,410,378
Net plan assets at beginning of year (total assets less liabilities)	2011-12-31	$2,327,097
Assets. Value of participant loans	2011-12-31	$31,616
Total contributions received or receivable from employer(s)	2011-12-31	$71,369
Value of certain deemed distributions of participant loans	2011-12-31	$0
Value of corrective distributions	2011-12-31	$1,419
Expenses. Administrative service providers (salaries,fees and commissions)	2011-12-31	$975
2010 : OTTO ' S IMPORTED CARS, LTD. 401(K) PLAN 2010 401k financial data
Total income from all sources	2010-12-31	$537,691
Expenses. Total of all expenses incurred	2010-12-31	$73,665
Benefits paid (including direct rollovers)	2010-12-31	$68,222
Total plan assets at end of year	2010-12-31	$2,327,097
Total plan assets at beginning of year	2010-12-31	$1,863,071
Value of fidelity bond covering the plan	2010-12-31	$100,000
Total contributions received or receivable from participants	2010-12-31	$136,386
Contributions received from other sources (not participants or employers)	2010-12-31	$39,670
Other income received	2010-12-31	$304,310
Net income (gross income less expenses)	2010-12-31	$464,026
Net plan assets at end of year (total assets less liabilities)	2010-12-31	$2,327,097
Net plan assets at beginning of year (total assets less liabilities)	2010-12-31	$1,863,071
Assets. Value of participant loans	2010-12-31	$43,017
Total contributions received or receivable from employer(s)	2010-12-31	$57,325
Value of certain deemed distributions of participant loans	2010-12-31	$0
Value of corrective distributions	2010-12-31	$4,468
Expenses. Administrative service providers (salaries,fees and commissions)	2010-12-31	$975

Form 5500 Responses for OTTO ' S IMPORTED CARS, LTD. 401(K) PLAN

2012: OTTO ' S IMPORTED CARS, LTD. 401(K) PLAN 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Submission has been amended	No
2012-01-01	This submission is the final filing	No
2012-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2012-01-01	Plan is a collectively bargained plan	No
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: OTTO ' S IMPORTED CARS, LTD. 401(K) PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Submission has been amended	No
2011-01-01	This submission is the final filing	No
2011-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2011-01-01	Plan is a collectively bargained plan	No
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2009: OTTO ' S IMPORTED CARS, LTD. 401(K) PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	Yes
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan is a collectively bargained plan	No
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	OTTO'S IMPORTED CARS, LTD.
Employer identification number (EIN):	231875173
NAIC Classification:	441110
NAIC Description:	New Car Dealers