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ROLLIE WILLIAMS PAINT SPOT, INC. 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameROLLIE WILLIAMS PAINT SPOT, INC. 401(K) PROFIT SHARING PLAN
Plan identification number 002

ROLLIE WILLIAMS PAINT SPOT, INC. 401(K) PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Plan covering Self-Employed individuals.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

ROLLIE WILLIAMS PAINT SPOT, INC. has sponsored the creation of one or more 401k plans.

Company Name:ROLLIE WILLIAMS PAINT SPOT, INC.
Employer identification number (EIN):351162473
NAIC Classification:444120
NAIC Description:Paint and Wallpaper Stores

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ROLLIE WILLIAMS PAINT SPOT, INC. 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01
0022021-01-01
0022020-01-01
0022019-01-01
0022018-01-01LILA LEONARD2019-03-18
0022017-01-01LILA LEONARD2018-04-17
0022016-01-01JEFFREY SCHWARTZ2017-01-30
0022015-01-01JEFFREY SCHWARTZ2016-04-22
0022014-01-01JEFFREY SCHWARTZ2015-04-07
0022013-01-01JEFFREY SCHWARTZ2014-05-14

Plan Statistics for ROLLIE WILLIAMS PAINT SPOT, INC. 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for ROLLIE WILLIAMS PAINT SPOT, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2022: ROLLIE WILLIAMS PAINT SPOT, INC. 401(K) PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01152
Total number of active participants reported on line 7a of the Form 55002022-01-01141
Number of retired or separated participants receiving benefits2022-01-012
Number of other retired or separated participants entitled to future benefits2022-01-019
Total of all active and inactive participants2022-01-01152
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01152
Number of participants with account balances2022-01-01120
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-019
2021: ROLLIE WILLIAMS PAINT SPOT, INC. 401(K) PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01141
Total number of active participants reported on line 7a of the Form 55002021-01-01134
Number of retired or separated participants receiving benefits2021-01-011
Number of other retired or separated participants entitled to future benefits2021-01-0113
Total of all active and inactive participants2021-01-01148
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01148
Number of participants with account balances2021-01-01120
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-0111
2020: ROLLIE WILLIAMS PAINT SPOT, INC. 401(K) PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01153
Total number of active participants reported on line 7a of the Form 55002020-01-01135
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-013
Total of all active and inactive participants2020-01-01138
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01138
Number of participants with account balances2020-01-01108
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-016
2019: ROLLIE WILLIAMS PAINT SPOT, INC. 401(K) PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01137
Total number of active participants reported on line 7a of the Form 55002019-01-01131
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-014
Total of all active and inactive participants2019-01-01135
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01135
Number of participants with account balances2019-01-0197
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-012

Financial Data on ROLLIE WILLIAMS PAINT SPOT, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2022 : ROLLIE WILLIAMS PAINT SPOT, INC. 401(K) PROFIT SHARING PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$542,723
Total income from all sources (including contributions)2022-12-31$-660,515
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$504,909
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$466,727
Value of total corrective distributions2022-12-31$2,150
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$779,916
Value of total assets at end of year2022-12-31$8,133,888
Value of total assets at beginning of year2022-12-31$9,842,035
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$36,032
Total interest from all sources2022-12-31$6,199
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$369,471
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$369,471
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$350,000
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$628,184
Participant contributions at end of year2022-12-31$100,697
Participant contributions at beginning of year2022-12-31$131,787
Participant contributions at end of year2022-12-31$15,707
Participant contributions at beginning of year2022-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$29,629
Administrative expenses (other) incurred2022-12-31$36,032
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-1,165,424
Value of net assets at end of year (total assets less liabilities)2022-12-31$8,133,888
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$9,299,312
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 registered invesment companies (eg mutual funds) at end of year2022-12-31$7,260,589
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$9,092,839
Interest on participant loans2022-12-31$6,199
Value of interest in common/collective trusts at end of year2022-12-31$754,734
Value of interest in common/collective trusts at beginning of year2022-12-31$617,409
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-1,816,101
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$122,103
Employer contributions (assets) at end of year2022-12-31$2,161
Employer contributions (assets) at beginning of year2022-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$466,727
Liabilities. Value of benefit claims payable at end of year2022-12-31$0
Liabilities. Value of benefit claims payable at beginning of year2022-12-31$542,723
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 name2022-12-31RSM US LLP
Accountancy firm EIN2022-12-31420714325
2021 : ROLLIE WILLIAMS PAINT SPOT, INC. 401(K) PROFIT SHARING PLAN 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$542,723
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$1,965,630
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$1,288,498
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$1,234,092
Value of total corrective distributions2021-12-31$9,410
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$737,718
Value of total assets at end of year2021-12-31$9,842,035
Value of total assets at beginning of year2021-12-31$8,622,180
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$44,996
Total interest from all sources2021-12-31$9,257
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$1,000,000
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$623,329
Participant contributions at end of year2021-12-31$131,787
Participant contributions at beginning of year2021-12-31$110,665
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$80
Administrative expenses (other) incurred2021-12-31$44,996
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$677,132
Value of net assets at end of year (total assets less liabilities)2021-12-31$9,299,312
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$8,622,180
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 registered invesment companies (eg mutual funds) at end of year2021-12-31$9,092,839
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$8,511,515
Interest on participant loans2021-12-31$9,257
Value of interest in common/collective trusts at end of year2021-12-31$617,409
Value of interest in common/collective trusts at beginning of year2021-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$1,218,655
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$114,309
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$1,234,092
Liabilities. Value of benefit claims payable at end of year2021-12-31$542,723
Liabilities. Value of benefit claims payable at beginning of year2021-12-31$0
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 name2021-12-31RSM US LLP
Accountancy firm EIN2021-12-31420714325
2020 : ROLLIE WILLIAMS PAINT SPOT, INC. 401(K) PROFIT SHARING PLAN 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$2,192,005
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$1,250,847
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$1,210,437
Value of total corrective distributions2020-12-31$7,182
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$696,852
Value of total assets at end of year2020-12-31$8,622,180
Value of total assets at beginning of year2020-12-31$7,681,022
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$33,228
Total interest from all sources2020-12-31$6,541
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$350,000
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$585,443
Participant contributions at end of year2020-12-31$110,665
Participant contributions at beginning of year2020-12-31$85,953
Administrative expenses (other) incurred2020-12-31$33,228
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$941,158
Value of net assets at end of year (total assets less liabilities)2020-12-31$8,622,180
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$7,681,022
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 registered invesment companies (eg mutual funds) at end of year2020-12-31$8,511,515
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$7,595,069
Interest on participant loans2020-12-31$6,541
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$1,488,612
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$111,409
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$1,210,437
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 plan2020-12-31Unqualified
Accountancy firm name2020-12-31RSM US LLP
Accountancy firm EIN2020-12-31420714325
2019 : ROLLIE WILLIAMS PAINT SPOT, INC. 401(K) PROFIT SHARING PLAN 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$2,252,907
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$87,010
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$58,240
Value of total corrective distributions2019-12-31$9,809
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$810,741
Value of total assets at end of year2019-12-31$7,681,022
Value of total assets at beginning of year2019-12-31$5,515,125
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$18,961
Total interest from all sources2019-12-31$5,738
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$0
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$1,000,000
If this is an individual account plan, was there a blackout period2019-12-31Yes
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$504,826
Participant contributions at end of year2019-12-31$85,953
Participant contributions at beginning of year2019-12-31$94,361
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$206,169
Administrative expenses (other) incurred2019-12-31$18,961
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$2,165,897
Value of net assets at end of year (total assets less liabilities)2019-12-31$7,681,022
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$5,515,125
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 registered invesment companies (eg mutual funds) at end of year2019-12-31$7,595,069
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$5,420,764
Interest on participant loans2019-12-31$5,738
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$1,436,428
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$99,746
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$58,240
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32019-12-31Yes
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)2019-12-31No
Opinion of an independent qualified public accountant for this plan2019-12-31Unqualified
Accountancy firm name2019-12-31RSM US LLP
Accountancy firm EIN2019-12-31420714325

Form 5500 Responses for ROLLIE WILLIAMS PAINT SPOT, INC. 401(K) PROFIT SHARING PLAN

2022: ROLLIE WILLIAMS PAINT SPOT, INC. 401(K) PROFIT SHARING PLAN 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 – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: ROLLIE WILLIAMS PAINT SPOT, INC. 401(K) PROFIT SHARING PLAN 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 – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: ROLLIE WILLIAMS PAINT SPOT, INC. 401(K) PROFIT SHARING PLAN 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 – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: ROLLIE WILLIAMS PAINT SPOT, INC. 401(K) PROFIT SHARING PLAN 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 – TrustYes
2019-01-01Plan benefit arrangement - TrustYes

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