401k Plan data: MOTORCARS ACURA-VOLVO 401(K) PLAN plan

MOTORCARS ACURA-VOLVO 401(K) PLAN 401k Plan overview

Plan Name	MOTORCARS ACURA-VOLVO 401(K) PLAN
Plan identification number	001

MOTORCARS ACURA-VOLVO 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

FAR MORE PROPERTIES, INC. has sponsored the creation of one or more 401k plans.

Company Name: FAR MORE PROPERTIES, INC.

Employer identification number (EIN): 341136523

NAIC Classification: 441110
NAIC Description: New Car Dealers

Additional information about FAR MORE PROPERTIES, INC.

Jurisdiction of Incorporation: Ohio Secretary of State Business Services Division

Incorporation Date: 1973-02-21

Company Identification Number: 435810

Legal Registered Office Address: ONE CLEVELAND CTR
-
CLEVELAND
United States of America (USA)
44114

More information about FAR MORE PROPERTIES, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MOTORCARS ACURA-VOLVO 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01 DAWN SMITH 2023-09-22
001 2021-01-01 DAWN SMITH 2022-06-27
001 2020-01-01 DAWN SMITH 2021-04-07
001 2019-01-01 DAWN SMITH 2020-07-23
001 2018-01-01 DAWN SMITH 2019-05-20
001 2017-01-01 DAWN SMITH 2018-04-04
001 2016-01-01 DAWN SMITH 2017-03-24
001 2015-01-01 DAWN SMITH 2016-03-10
001 2014-01-01 DAWN SMITH 2015-03-19
001 2013-01-01 JONATHAN L. HOYT 2014-04-17
001 2012-01-01 JONATHAN L. HOYT 2013-04-12
001 2011-01-01 JONATHAN L. HOYT
001 2010-01-01 JONATHAN L. HOYT
001 2009-01-01 JONATHAN L HOYT

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
001	2022-01-01	DAWN SMITH	2023-09-22
001	2021-01-01	DAWN SMITH	2022-06-27
001	2020-01-01	DAWN SMITH	2021-04-07
001	2019-01-01	DAWN SMITH	2020-07-23
001	2018-01-01	DAWN SMITH	2019-05-20
001	2017-01-01	DAWN SMITH	2018-04-04
001	2016-01-01	DAWN SMITH	2017-03-24
001	2015-01-01	DAWN SMITH	2016-03-10
001	2014-01-01	DAWN SMITH	2015-03-19
001	2013-01-01	JONATHAN L. HOYT	2014-04-17
001	2012-01-01	JONATHAN L. HOYT	2013-04-12
001	2011-01-01	JONATHAN L. HOYT
001	2010-01-01	JONATHAN L. HOYT
001	2009-01-01	JONATHAN L HOYT

Plan Statistics for MOTORCARS ACURA-VOLVO 401(K) PLAN

401k plan membership statisitcs for MOTORCARS ACURA-VOLVO 401(K) PLAN

Measure Date Value
2011: MOTORCARS ACURA-VOLVO 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 132
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 62
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 4
Total of all active and inactive participants 2011-01-01 66
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 66
Number of participants with account balances 2011-01-01 47
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 8
2010: MOTORCARS ACURA-VOLVO 401(K) PLAN 2010 401k membership
Total participants, beginning-of-year 2010-01-01 139
Total number of active participants reported on line 7a of the Form 5500 2010-01-01 112
Number of retired or separated participants receiving benefits 2010-01-01 0
Number of other retired or separated participants entitled to future benefits 2010-01-01 11
Total of all active and inactive participants 2010-01-01 123
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2010-01-01 0
Total participants 2010-01-01 123
Number of participants with account balances 2010-01-01 90
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2010-01-01 11
2009: MOTORCARS ACURA-VOLVO 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 148
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 132
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 6
Total of all active and inactive participants 2009-01-01 138
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 138
Number of participants with account balances 2009-01-01 100
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 6

Measure	Date	Value
2011: MOTORCARS ACURA-VOLVO 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	132
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	62
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	4
Total of all active and inactive participants	2011-01-01	66
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	66
Number of participants with account balances	2011-01-01	47
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	8
2010: MOTORCARS ACURA-VOLVO 401(K) PLAN 2010 401k membership
Total participants, beginning-of-year	2010-01-01	139
Total number of active participants reported on line 7a of the Form 5500	2010-01-01	112
Number of retired or separated participants receiving benefits	2010-01-01	0
Number of other retired or separated participants entitled to future benefits	2010-01-01	11
Total of all active and inactive participants	2010-01-01	123
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2010-01-01	0
Total participants	2010-01-01	123
Number of participants with account balances	2010-01-01	90
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2010-01-01	11
2009: MOTORCARS ACURA-VOLVO 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	148
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	132
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	6
Total of all active and inactive participants	2009-01-01	138
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	138
Number of participants with account balances	2009-01-01	100
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	6

Financial Data on MOTORCARS ACURA-VOLVO 401(K) PLAN

Measure	Date	Value
2011 : MOTORCARS ACURA-VOLVO 401(K) PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets	2011-12-31	$0
Total transfer of assets from this plan	2011-12-31	$1,025,773
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2011-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2011-12-31	$0
Total income from all sources (including contributions)	2011-12-31	$104,319
Total loss/gain on sale of assets	2011-12-31	$0
Total of all expenses incurred	2011-12-31	$123,358
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2011-12-31	$107,383
Value of total corrective distributions	2011-12-31	$13,107
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2011-12-31	$308,219
Value of total assets at end of year	2011-12-31	$2,920,152
Value of total assets at beginning of year	2011-12-31	$3,964,964
Total of administrative expenses incurred including professional, contract, advisory and management fees	2011-12-31	$2,868
Total interest from all sources	2011-12-31	$3,510
Total dividends received (eg from common stock, registered investment company shares)	2011-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2011-12-31	No
Was this plan covered by a fidelity bond	2011-12-31	Yes
Value of fidelity bond cover	2011-12-31	$500,000
If this is an individual account plan, was there a blackout period	2011-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2011-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2011-12-31	No
Contributions received from participants	2011-12-31	$271,045
Participant contributions at end of year	2011-12-31	$30,145
Participant contributions at beginning of year	2011-12-31	$35,933
Income. Received or receivable in cash from other sources (including rollovers)	2011-12-31	$10,069
Total non interest bearing cash at end of year	2011-12-31	$1,091
Total non interest bearing cash at beginning of year	2011-12-31	$1,198
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2011-12-31	No
Value of net income/loss	2011-12-31	$-19,039
Value of net assets at end of year (total assets less liabilities)	2011-12-31	$2,920,152
Value of net assets at beginning of year (total assets less liabilities)	2011-12-31	$3,964,964
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2011-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2011-12-31	No
Were any leases to which the plan was party in default or uncollectible	2011-12-31	No
Value of interest in pooled separate accounts at end of year	2011-12-31	$2,483,902
Value of interest in pooled separate accounts at beginning of year	2011-12-31	$3,927,833
Interest on participant loans	2011-12-31	$3,510
Value of interest in common/collective trusts at end of year	2011-12-31	$405,014
Net investment gain/loss from pooled separate accounts	2011-12-31	$-207,410
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2011-12-31	No
Was there a failure to transmit to the plan any participant contributions	2011-12-31	No
Has the plan failed to provide any benefit when due under the plan	2011-12-31	No
Contributions received in cash from employer	2011-12-31	$27,105
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2011-12-31	$107,383
Contract administrator fees	2011-12-31	$2,868
Did the plan have assets held for investment	2011-12-31	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	2011-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2011-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2011-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2011-12-31	Disclaimer
Accountancy firm name	2011-12-31	FOERSTER AND BOHNERT
Accountancy firm EIN	2011-12-31	341820551
2010 : MOTORCARS ACURA-VOLVO 401(K) PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets	2010-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2010-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2010-12-31	$0
Total income from all sources (including contributions)	2010-12-31	$792,613
Total loss/gain on sale of assets	2010-12-31	$0
Total of all expenses incurred	2010-12-31	$334,113
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2010-12-31	$330,519
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2010-12-31	$343,798
Value of total assets at end of year	2010-12-31	$3,964,964
Value of total assets at beginning of year	2010-12-31	$3,506,464
Total of administrative expenses incurred including professional, contract, advisory and management fees	2010-12-31	$3,594
Total interest from all sources	2010-12-31	$3,574
Total dividends received (eg from common stock, registered investment company shares)	2010-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2010-12-31	No
Was this plan covered by a fidelity bond	2010-12-31	Yes
Value of fidelity bond cover	2010-12-31	$500,000
If this is an individual account plan, was there a blackout period	2010-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2010-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2010-12-31	No
Contributions received from participants	2010-12-31	$304,423
Participant contributions at end of year	2010-12-31	$35,933
Participant contributions at beginning of year	2010-12-31	$42,475
Income. Received or receivable in cash from other sources (including rollovers)	2010-12-31	$8,932
Total non interest bearing cash at end of year	2010-12-31	$1,198
Total non interest bearing cash at beginning of year	2010-12-31	$1,625
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2010-12-31	No
Income. Non cash contributions	2010-12-31	$0
Value of net income/loss	2010-12-31	$458,500
Value of net assets at end of year (total assets less liabilities)	2010-12-31	$3,964,964
Value of net assets at beginning of year (total assets less liabilities)	2010-12-31	$3,506,464
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2010-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2010-12-31	No
Were any leases to which the plan was party in default or uncollectible	2010-12-31	No
Value of interest in pooled separate accounts at end of year	2010-12-31	$3,927,833
Value of interest in pooled separate accounts at beginning of year	2010-12-31	$3,462,364
Interest on participant loans	2010-12-31	$3,574
Net investment gain/loss from pooled separate accounts	2010-12-31	$445,241
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2010-12-31	No
Was there a failure to transmit to the plan any participant contributions	2010-12-31	No
Has the plan failed to provide any benefit when due under the plan	2010-12-31	No
Contributions received in cash from employer	2010-12-31	$30,443
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2010-12-31	$330,519
Contract administrator fees	2010-12-31	$3,594
Did the plan have assets held for investment	2010-12-31	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	2010-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2010-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2010-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2010-12-31	Disclaimer
Accountancy firm name	2010-12-31	FOERSTER AND BOHNERT
Accountancy firm EIN	2010-12-31	341820551
2009 : MOTORCARS ACURA-VOLVO 401(K) PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2009-12-31	$0

Form 5500 Responses for MOTORCARS ACURA-VOLVO 401(K) PLAN

2011: MOTORCARS ACURA-VOLVO 401(K) PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Mulitple 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 – Insurance	Yes
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement – Insurance	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2010: MOTORCARS ACURA-VOLVO 401(K) PLAN 2010 form 5500 responses
2010-01-01	Type of plan entity	Mulitple employer plan
2010-01-01	Submission has been amended	No
2010-01-01	This submission is the final filing	No
2010-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2010-01-01	Plan is a collectively bargained plan	No
2010-01-01	Plan funding arrangement – Insurance	Yes
2010-01-01	Plan funding arrangement – Trust	Yes
2010-01-01	Plan benefit arrangement – Insurance	Yes
2010-01-01	Plan benefit arrangement - Trust	Yes
2009: MOTORCARS ACURA-VOLVO 401(K) PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Mulitple employer plan
2009-01-01	Submission has been amended	No
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 – Insurance	Yes
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement – Insurance	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )

Policy contract number

86288

Policy instance

Insurance contract or identification number	86288
Number of Individuals Covered	48
Insurance policy start date	2011-01-01
Insurance policy end date	2011-12-31
Total amount of commissions paid to insurance broker	USD $9,725
Total amount of fees paid to insurance company	USD $4,069
Are there contracts with allocated funds for individual policies?	No
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 plan	No
Contracts With Unallocated Funds Deposit Administration	0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	No
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
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

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )

Policy contract number

86288

Policy instance

Insurance contract or identification number	86288
Number of Individuals Covered	92
Insurance policy start date	2010-01-01
Insurance policy end date	2010-12-31
Total amount of commissions paid to insurance broker	USD $9,096
Total amount of fees paid to insurance company	USD $4,337
Are there contracts with allocated funds for individual policies?	No
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 plan	No
Contracts With Unallocated Funds Deposit Administration	0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	No
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
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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Company Name:	FAR MORE PROPERTIES, INC.
Employer identification number (EIN):	341136523
NAIC Classification:	441110
NAIC Description:	New Car Dealers

Jurisdiction of Incorporation:	Ohio Secretary of State Business Services Division
Incorporation Date:	1973-02-21
Company Identification Number:	435810
Legal Registered Office Address:	ONE CLEVELAND CTR - CLEVELAND United States of America (USA) 44114