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STEVE SHANNON TIRE COMPANY INC 401(K) PLAN AND TRUST 401k Plan overview

Plan NameSTEVE SHANNON TIRE COMPANY INC 401(K) PLAN AND TRUST
Plan identification number 001

STEVE SHANNON TIRE COMPANY INC 401(K) PLAN AND TRUST 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

STEVE SHANNON TIRE COMPANY, INC. has sponsored the creation of one or more 401k plans.

Company Name:STEVE SHANNON TIRE COMPANY, INC.
Employer identification number (EIN):232549609
NAIC Classification:423100

Form 5500 Filing Information

Submission information for form 5500 for 401k plan STEVE SHANNON TIRE COMPANY INC 401(K) PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012023-01-01KELLY SHANNON
0012022-01-01
0012022-01-01KELLY SHANNON
0012021-01-01
0012021-01-01KELLY SHANNON
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01KELLY SHANNON
0012016-01-01KELLY SHANNON2017-07-10 KELLY SHANNON2017-07-10
0012015-01-01KELLY SHANNON2016-08-11 KELLY SHANNON2016-08-11
0012014-01-01KELLY SHANNON2015-03-18
0012013-01-01KELLY SHANNON2014-06-18
0012012-01-01KELLY SHANNON2013-04-30
0012011-01-01KELLY SHANNON2012-06-12
0012010-01-01KELLY SHANNON2011-05-03

Financial Data on STEVE SHANNON TIRE COMPANY INC 401(K) PLAN AND TRUST

Measure Date Value
2023 : STEVE SHANNON TIRE COMPANY INC 401(K) PLAN AND TRUST 2023 401k financial data
Total unrealized appreciation/depreciation of assets2023-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Total income from all sources (including contributions)2023-12-31$1,103,886
Total loss/gain on sale of assets2023-12-31$0
Total of all expenses incurred2023-12-31$425,039
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$419,567
Value of total corrective distributions2023-12-31$1,709
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-31$417,561
Value of total assets at end of year2023-12-31$4,362,854
Value of total assets at beginning of year2023-12-31$3,684,007
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$3,763
Total interest from all sources2023-12-31$3,336
Total dividends received (eg from common stock, registered investment company shares)2023-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-12-31No
Was this plan covered by a fidelity bond2023-12-31Yes
Value of fidelity bond cover2023-12-31$400,000
If this is an individual account plan, was there a blackout period2023-12-31No
Were there any nonexempt tranactions with any party-in-interest2023-12-31No
Contributions received from participants2023-12-31$353,970
Income. Received or receivable in cash from other sources (including rollovers)2023-12-31$11,683
Administrative expenses (other) incurred2023-12-31$3,763
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Value of net income/loss2023-12-31$678,847
Value of net assets at end of year (total assets less liabilities)2023-12-31$4,362,854
Value of net assets at beginning of year (total assets less liabilities)2023-12-31$3,684,007
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2023-12-31No
Were any leases to which the plan was party in default or uncollectible2023-12-31No
Value of interest in pooled separate accounts at end of year2023-12-31$4,063,558
Value of interest in pooled separate accounts at beginning of year2023-12-31$3,407,639
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2023-12-31$3,336
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2023-12-31$247,388
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2023-12-31$230,526
Net investment gain or loss from common/collective trusts2023-12-31$682,989
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-12-31No
Was there a failure to transmit to the plan any participant contributions2023-12-31No
Has the plan failed to provide any benefit when due under the plan2023-12-31No
Contributions received in cash from employer2023-12-31$51,908
Employer contributions (assets) at end of year2023-12-31$51,908
Employer contributions (assets) at beginning of year2023-12-31$45,842
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-12-31$419,567
Did the plan have assets held for investment2023-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-12-31No
Opinion of an independent qualified public accountant for this plan2023-12-31Unqualified
Accountancy firm name2023-12-31MCKONLY & ASBURY, LLP
Accountancy firm EIN2023-12-31231909723
Total unrealized appreciation/depreciation of assets2023-01-01$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-01-01$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-01-01$0
Total income from all sources (including contributions)2023-01-01$1,103,886
Total loss/gain on sale of assets2023-01-01$0
Total of all expenses incurred2023-01-01$425,039
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-01-01$419,567
Value of total corrective distributions2023-01-01$1,709
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-01-01$417,561
Value of total assets at end of year2023-01-01$4,362,854
Value of total assets at beginning of year2023-01-01$3,684,007
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-01-01$3,763
Total interest from all sources2023-01-01$3,336
Total dividends received (eg from common stock, registered investment company shares)2023-01-01$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-01-01No
Was this plan covered by a fidelity bond2023-01-01Yes
Value of fidelity bond cover2023-01-01$400,000
If this is an individual account plan, was there a blackout period2023-01-01No
Were there any nonexempt tranactions with any party-in-interest2023-01-01No
Contributions received from participants2023-01-01$353,970
Income. Received or receivable in cash from other sources (including rollovers)2023-01-01$11,683
Administrative expenses (other) incurred2023-01-01$3,763
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-01-01No
Value of net income/loss2023-01-01$678,847
Value of net assets at end of year (total assets less liabilities)2023-01-01$4,362,854
Value of net assets at beginning of year (total assets less liabilities)2023-01-01$3,684,007
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2023-01-01No
Were any leases to which the plan was party in default or uncollectible2023-01-01No
Value of interest in pooled separate accounts at end of year2023-01-01$4,063,558
Value of interest in pooled separate accounts at beginning of year2023-01-01$3,407,639
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2023-01-01$3,336
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2023-01-01$247,388
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2023-01-01$230,526
Net investment gain or loss from common/collective trusts2023-01-01$682,989
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-01-01No
Was there a failure to transmit to the plan any participant contributions2023-01-01No
Has the plan failed to provide any benefit when due under the plan2023-01-01No
Contributions received in cash from employer2023-01-01$51,908
Employer contributions (assets) at end of year2023-01-01$51,908
Employer contributions (assets) at beginning of year2023-01-01$45,842
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-01-01$419,567
Did the plan have assets held for investment2023-01-01Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-01-01No
Opinion of an independent qualified public accountant for this plan2023-01-011
Accountancy firm name2023-01-01MCKONLY & ASBURY, LLP
Accountancy firm EIN2023-01-01231909723
2022 : STEVE SHANNON TIRE COMPANY INC 401(K) PLAN AND TRUST 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$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$-523,492
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$271,846
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$268,411
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$366,548
Value of total assets at end of year2022-12-31$3,684,007
Value of total assets at beginning of year2022-12-31$4,479,345
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$3,435
Total interest from all sources2022-12-31$2,376
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$400,000
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$320,706
Administrative expenses (other) incurred2022-12-31$3,435
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-795,338
Value of net assets at end of year (total assets less liabilities)2022-12-31$3,684,007
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$4,479,345
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$3,407,639
Value of interest in pooled separate accounts at beginning of year2022-12-31$4,206,304
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2022-12-31$2,376
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$230,526
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$236,517
Net investment gain or loss from common/collective trusts2022-12-31$-892,416
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$45,842
Employer contributions (assets) at end of year2022-12-31$45,842
Employer contributions (assets) at beginning of year2022-12-31$36,524
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$268,411
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 name2022-12-31MCKONLY & ASBURY, LLP
Accountancy firm EIN2022-12-31231909723
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$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-01-01$0
Total income from all sources (including contributions)2022-01-01$-523,492
Total loss/gain on sale of assets2022-01-01$0
Total of all expenses incurred2022-01-01$271,846
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-01-01$268,411
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-01-01$366,548
Value of total assets at end of year2022-01-01$3,684,007
Value of total assets at beginning of year2022-01-01$4,479,345
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-01-01$3,435
Total interest from all sources2022-01-01$2,376
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$400,000
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$320,706
Administrative expenses (other) incurred2022-01-01$3,435
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Value of net income/loss2022-01-01$-795,338
Value of net assets at end of year (total assets less liabilities)2022-01-01$3,684,007
Value of net assets at beginning of year (total assets less liabilities)2022-01-01$4,479,345
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$3,407,639
Value of interest in pooled separate accounts at beginning of year2022-01-01$4,206,304
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2022-01-01$2,376
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-01-01$230,526
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-01-01$236,517
Net investment gain or loss from common/collective trusts2022-01-01$-892,416
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$45,842
Employer contributions (assets) at end of year2022-01-01$45,842
Employer contributions (assets) at beginning of year2022-01-01$36,524
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-01-01$268,411
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 name2022-01-01MCKONLY & ASBURY, LLP
Accountancy firm EIN2022-01-01231909723
2021 : STEVE SHANNON TIRE COMPANY INC 401(K) PLAN AND TRUST 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$0
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$913,007
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$230,097
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$226,490
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$300,300
Value of total assets at end of year2021-12-31$4,479,345
Value of total assets at beginning of year2021-12-31$3,796,435
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$3,607
Total interest from all sources2021-12-31$2,184
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$400,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$260,244
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$3,532
Administrative expenses (other) incurred2021-12-31$3,607
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$682,910
Value of net assets at end of year (total assets less liabilities)2021-12-31$4,479,345
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$3,796,435
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
Value of interest in pooled separate accounts at end of year2021-12-31$4,206,304
Value of interest in pooled separate accounts at beginning of year2021-12-31$3,567,034
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2021-12-31$2,184
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2021-12-31$236,517
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2021-12-31$197,160
Net investment gain or loss from common/collective trusts2021-12-31$610,523
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$36,524
Employer contributions (assets) at end of year2021-12-31$36,524
Employer contributions (assets) at beginning of year2021-12-31$32,241
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$226,490
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 name2021-12-31MCKONLY & ASBURY, LLP
Accountancy firm EIN2021-12-31231909723
2020 : STEVE SHANNON TIRE COMPANY INC 401(K) PLAN AND TRUST 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total income from all sources (including contributions)2020-12-31$816,145
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$27,245
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$22,016
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$253,484
Value of total assets at end of year2020-12-31$3,796,435
Value of total assets at beginning of year2020-12-31$3,007,535
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$5,229
Total interest from all sources2020-12-31$1,474
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$260,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$221,243
Administrative expenses (other) incurred2020-12-31$5,229
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$788,900
Value of net assets at end of year (total assets less liabilities)2020-12-31$3,796,435
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$3,007,535
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Value of interest in pooled separate accounts at end of year2020-12-31$3,567,034
Value of interest in pooled separate accounts at beginning of year2020-12-31$2,879,549
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2020-12-31$1,474
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2020-12-31$197,160
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2020-12-31$96,568
Net investment gain or loss from common/collective trusts2020-12-31$561,187
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$32,241
Employer contributions (assets) at end of year2020-12-31$32,241
Employer contributions (assets) at beginning of year2020-12-31$31,418
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$22,016
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31MCKONLY & ASBURY, LLP
Accountancy firm EIN2020-12-31231909723
2019 : STEVE SHANNON TIRE COMPANY INC 401(K) PLAN AND TRUST 2019 401k financial data
Total unrealized appreciation/depreciation of assets2019-12-31$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 income from all sources (including contributions)2019-12-31$797,157
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$1,646
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$239,643
Value of total assets at end of year2019-12-31$3,007,535
Value of total assets at beginning of year2019-12-31$2,212,024
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$1,646
Total interest from all sources2019-12-31$1,064
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 year2019-12-31No
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$260,000
If this is an individual account plan, was there a blackout period2019-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$208,225
Administrative expenses (other) incurred2019-12-31$1,646
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$795,511
Value of net assets at end of year (total assets less liabilities)2019-12-31$3,007,535
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$2,212,024
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Value of interest in pooled separate accounts at end of year2019-12-31$2,879,549
Value of interest in pooled separate accounts at beginning of year2019-12-31$2,111,228
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-12-31$1,064
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2019-12-31$96,568
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2019-12-31$77,454
Net investment gain or loss from common/collective trusts2019-12-31$556,450
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$31,418
Employer contributions (assets) at end of year2019-12-31$31,418
Employer contributions (assets) at beginning of year2019-12-31$23,342
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31MCKONLY & ASBURY, LLP
Accountancy firm EIN2019-12-31231909723
2018 : STEVE SHANNON TIRE COMPANY INC 401(K) PLAN AND TRUST 2018 401k financial data
Total unrealized appreciation/depreciation of assets2018-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total income from all sources (including contributions)2018-12-31$50,154
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$49,256
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$47,419
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$217,654
Value of total assets at end of year2018-12-31$2,212,024
Value of total assets at beginning of year2018-12-31$2,211,126
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$1,837
Total interest from all sources2018-12-31$847
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$260,000
If this is an individual account plan, was there a blackout period2018-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$171,571
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$22,741
Administrative expenses (other) incurred2018-12-31$1,837
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$898
Value of net assets at end of year (total assets less liabilities)2018-12-31$2,212,024
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$2,211,126
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Value of interest in pooled separate accounts at end of year2018-12-31$2,111,228
Value of interest in pooled separate accounts at beginning of year2018-12-31$2,134,627
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2018-12-31$847
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2018-12-31$77,454
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2018-12-31$54,333
Net investment gain or loss from common/collective trusts2018-12-31$-168,347
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$23,342
Employer contributions (assets) at end of year2018-12-31$23,342
Employer contributions (assets) at beginning of year2018-12-31$22,166
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$47,419
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31MCKONLY & ASBURY, LLP
Accountancy firm EIN2018-12-31231909723
2017 : STEVE SHANNON TIRE COMPANY INC 401(K) PLAN AND TRUST 2017 401k financial data
Total unrealized appreciation/depreciation of assets2017-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total income from all sources (including contributions)2017-12-31$535,178
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$91,712
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$90,422
Value of total corrective distributions2017-12-31$129
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$169,536
Value of total assets at end of year2017-12-31$2,211,126
Value of total assets at beginning of year2017-12-31$1,767,660
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$1,161
Total interest from all sources2017-12-31$582
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$260,000
If this is an individual account plan, was there a blackout period2017-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$142,869
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$4,501
Administrative expenses (other) incurred2017-12-31$1,161
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$443,466
Value of net assets at end of year (total assets less liabilities)2017-12-31$2,211,126
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$1,767,660
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Value of interest in pooled separate accounts at end of year2017-12-31$2,134,627
Value of interest in pooled separate accounts at beginning of year2017-12-31$1,710,413
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2017-12-31$582
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2017-12-31$54,333
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2017-12-31$37,391
Net investment gain or loss from common/collective trusts2017-12-31$365,060
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$22,166
Employer contributions (assets) at end of year2017-12-31$22,166
Employer contributions (assets) at beginning of year2017-12-31$19,856
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$90,422
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31BREWER & COMPANY, LLC
Accountancy firm EIN2017-12-31263619043

Form 5500 Responses for STEVE SHANNON TIRE COMPANY INC 401(K) PLAN AND TRUST

2023: STEVE SHANNON TIRE COMPANY INC 401(K) PLAN AND TRUST 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – InsuranceYes
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement – InsuranceYes
2023-01-01Plan benefit arrangement - TrustYes
2022: STEVE SHANNON TIRE COMPANY INC 401(K) PLAN AND TRUST 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 – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes
2021: STEVE SHANNON TIRE COMPANY INC 401(K) PLAN AND TRUST 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 – InsuranceYes
2021-01-01Plan benefit arrangement - TrustYes
2020: STEVE SHANNON TIRE COMPANY INC 401(K) PLAN AND TRUST 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement – InsuranceYes
2020-01-01Plan benefit arrangement - TrustYes
2019: STEVE SHANNON TIRE COMPANY INC 401(K) PLAN AND TRUST 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement – InsuranceYes
2019-01-01Plan benefit arrangement - TrustYes
2018: STEVE SHANNON TIRE COMPANY INC 401(K) PLAN AND TRUST 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – InsuranceYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement – InsuranceYes
2018-01-01Plan benefit arrangement - TrustYes
2017: STEVE SHANNON TIRE COMPANY INC 401(K) PLAN AND TRUST 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – InsuranceYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement – InsuranceYes
2017-01-01Plan 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 number877808
Policy instance 1
Insurance contract or identification number877808
Number of Individuals Covered126
Insurance policy start date2023-01-01
Insurance policy end date2023-12-31
Total amount of commissions paid to insurance brokerUSD $15,744
Total amount of fees paid to insurance companyUSD $0
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
VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract number877808
Policy instance 1
Insurance contract or identification number877808
Number of Individuals Covered110
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $15,282
Total amount of fees paid to insurance companyUSD $0
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
VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract number877808
Policy instance 1
VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract number877808
Policy instance 1
VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract number877808
Policy instance 1
VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract number877808
Policy instance 1
VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract number877808
Policy instance 1

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