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WESTMAN FREIGHTLINER - RIVER VALLEY TRUCK CENTERS 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameWESTMAN FREIGHTLINER - RIVER VALLEY TRUCK CENTERS 401(K) PROFIT SHARING PLAN
Plan identification number 001

WESTMAN FREIGHTLINER - RIVER VALLEY TRUCK CENTERS 401(K) PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

RIVER VALLEY TRUCK CENTERS, INC. has sponsored the creation of one or more 401k plans.

Company Name:RIVER VALLEY TRUCK CENTERS, INC.
Employer identification number (EIN):411709800
NAIC Classification:441228
NAIC Description:Motorcycle, ATV, and All Other Motor Vehicle Dealers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan WESTMAN FREIGHTLINER - RIVER VALLEY TRUCK CENTERS 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012016-01-01DUSTIN PETERSEN DUSTIN PETERSEN2017-09-14
0012015-01-01STEPHEN TOLLEFSON STEPHEN TOLLEFSON2016-10-17
0012014-01-01STEPHEN TOLLEFSON STEPHEN TOLLEFSON2015-10-14
0012013-01-01STEPHEN TOLLEFSON2014-08-05 STEPHEN TOLLEFSON2014-08-05
0012012-01-01STEPHEN TOLLEFSON2013-07-12 STEPHEN TOLLEFSON2013-07-12
0012011-01-01STEPHEN TOLLEFSON2012-06-21 STEPHEN TOLLEFSON2012-06-21
0012010-01-01STEPHEN TOLLEFSON2011-06-03 STEPHEN TOLLEFSON2011-06-03

Plan Statistics for WESTMAN FREIGHTLINER - RIVER VALLEY TRUCK CENTERS 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for WESTMAN FREIGHTLINER - RIVER VALLEY TRUCK CENTERS 401(K) PROFIT SHARING PLAN

Measure Date Value
2016: WESTMAN FREIGHTLINER - RIVER VALLEY TRUCK CENTERS 401(K) PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01166
Total number of active participants reported on line 7a of the Form 55002016-01-010
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-010
Total of all active and inactive participants2016-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-010
Number of participants with account balances2016-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: WESTMAN FREIGHTLINER - RIVER VALLEY TRUCK CENTERS 401(K) PROFIT SHARING PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01167
Total number of active participants reported on line 7a of the Form 55002015-01-01132
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-0115
Total of all active and inactive participants2015-01-01147
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-01147
Number of participants with account balances2015-01-01107
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-014
2014: WESTMAN FREIGHTLINER - RIVER VALLEY TRUCK CENTERS 401(K) PROFIT SHARING PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01158
Total number of active participants reported on line 7a of the Form 55002014-01-01130
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-0121
Total of all active and inactive participants2014-01-01151
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-01151
Number of participants with account balances2014-01-01116
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-012

Financial Data on WESTMAN FREIGHTLINER - RIVER VALLEY TRUCK CENTERS 401(K) PROFIT SHARING PLAN

Measure Date Value
2016 : WESTMAN FREIGHTLINER - RIVER VALLEY TRUCK CENTERS 401(K) PROFIT SHARING PLAN 2016 401k financial data
Total unrealized appreciation/depreciation of assets2016-12-01$0
Total transfer of assets from this plan2016-12-01$5,563,389
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-01$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-01$0
Total income from all sources (including contributions)2016-12-01$750,660
Total loss/gain on sale of assets2016-12-01$0
Total of all expenses incurred2016-12-01$550,472
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-01$485,779
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-01$391,286
Value of total assets at end of year2016-12-01$0
Value of total assets at beginning of year2016-12-01$5,363,201
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-01$64,693
Total interest from all sources2016-12-01$5,258
Total dividends received (eg from common stock, registered investment company shares)2016-12-01$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-01Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2016-12-01$0
Was this plan covered by a fidelity bond2016-12-01Yes
Value of fidelity bond cover2016-12-01$500,000
If this is an individual account plan, was there a blackout period2016-12-01Yes
Were there any nonexempt tranactions with any party-in-interest2016-12-01No
Contributions received from participants2016-12-01$313,266
Participant contributions at end of year2016-12-01$0
Participant contributions at beginning of year2016-12-01$76,371
Income. Received or receivable in cash from other sources (including rollovers)2016-12-01$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2016-12-01$0
Administrative expenses (other) incurred2016-12-01$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-01No
Value of net income/loss2016-12-01$200,188
Value of net assets at end of year (total assets less liabilities)2016-12-01$0
Value of net assets at beginning of year (total assets less liabilities)2016-12-01$5,363,201
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-01No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-01No
Were any leases to which the plan was party in default or uncollectible2016-12-01No
Investment advisory and management fees2016-12-01$64,693
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-01$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-01$5,201,605
Interest on participant loans2016-12-01$5,258
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-01$354,116
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-01No
Was there a failure to transmit to the plan any participant contributions2016-12-01No
Has the plan failed to provide any benefit when due under the plan2016-12-01No
Contributions received in cash from employer2016-12-01$78,020
Employer contributions (assets) at end of year2016-12-01$0
Employer contributions (assets) at beginning of year2016-12-01$85,225
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-01$485,779
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32016-12-01Yes
Did the plan have assets held for investment2016-12-01No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-01Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-01Yes
Opinion of an independent qualified public accountant for this plan2016-12-01Disclaimer
Accountancy firm name2016-12-01RSM US LLP
Accountancy firm EIN2016-12-01420174325
2015 : WESTMAN FREIGHTLINER - RIVER VALLEY TRUCK CENTERS 401(K) PROFIT SHARING PLAN 2015 401k financial data
Total unrealized appreciation/depreciation of assets2015-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total income from all sources (including contributions)2015-12-31$405,489
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$247,267
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$184,881
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$429,863
Value of total assets at end of year2015-12-31$5,363,201
Value of total assets at beginning of year2015-12-31$5,204,979
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$62,386
Total interest from all sources2015-12-31$4,979
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$500,000
If this is an individual account plan, was there a blackout period2015-12-31No
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$344,638
Participant contributions at end of year2015-12-31$76,371
Participant contributions at beginning of year2015-12-31$81,329
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$0
Administrative expenses (other) incurred2015-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$158,222
Value of net assets at end of year (total assets less liabilities)2015-12-31$5,363,201
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$5,204,979
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Investment advisory and management fees2015-12-31$62,386
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$5,201,605
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$5,056,851
Interest on participant loans2015-12-31$4,979
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-29,353
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Contributions received in cash from employer2015-12-31$85,225
Employer contributions (assets) at end of year2015-12-31$85,225
Employer contributions (assets) at beginning of year2015-12-31$66,799
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$184,881
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31BARTON, WALTER & KRIER, P.C.
Accountancy firm EIN2015-12-31371658243
2014 : WESTMAN FREIGHTLINER - RIVER VALLEY TRUCK CENTERS 401(K) PROFIT SHARING PLAN 2014 401k financial data
Total unrealized appreciation/depreciation of assets2014-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total income from all sources (including contributions)2014-12-31$738,500
Total loss/gain on sale of assets2014-12-31$0
Total of all expenses incurred2014-12-31$170,255
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$109,433
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$476,531
Value of total assets at end of year2014-12-31$5,204,979
Value of total assets at beginning of year2014-12-31$4,636,734
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$60,822
Total interest from all sources2014-12-31$4,945
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$500,000
If this is an individual account plan, was there a blackout period2014-12-31No
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Contributions received from participants2014-12-31$334,797
Participant contributions at end of year2014-12-31$81,329
Participant contributions at beginning of year2014-12-31$63,029
Income. Received or receivable in cash from other sources (including rollovers)2014-12-31$74,935
Administrative expenses (other) incurred2014-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$568,245
Value of net assets at end of year (total assets less liabilities)2014-12-31$5,204,979
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$4,636,734
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Investment advisory and management fees2014-12-31$60,822
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$5,056,851
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$4,573,018
Interest on participant loans2014-12-31$4,945
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$257,024
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Contributions received in cash from employer2014-12-31$66,799
Employer contributions (assets) at end of year2014-12-31$66,799
Employer contributions (assets) at beginning of year2014-12-31$687
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$109,433
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31Yes
Opinion of an independent qualified public accountant for this plan2014-12-31Disclaimer
Accountancy firm name2014-12-31BARTON, WALTER & KRIER, P.C.
Accountancy firm EIN2014-12-31371658243

Form 5500 Responses for WESTMAN FREIGHTLINER - RIVER VALLEY TRUCK CENTERS 401(K) PROFIT SHARING PLAN

2016: WESTMAN FREIGHTLINER - RIVER VALLEY TRUCK CENTERS 401(K) PROFIT SHARING PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingYes
2016-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: WESTMAN FREIGHTLINER - RIVER VALLEY TRUCK CENTERS 401(K) PROFIT SHARING PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: WESTMAN FREIGHTLINER - RIVER VALLEY TRUCK CENTERS 401(K) PROFIT SHARING PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes

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