GANAM GROUP LLC DBA RIDE NOW MOTORS has sponsored the creation of one or more 401k plans.
| Measure | Date | Value |
|---|
| 2022: RIDE NOW MOTORS 401(K) PLAN 2022 401k membership |
|---|
| Total participants, beginning-of-year | 2022-01-01 | 27 |
| Total number of active participants reported on line 7a of the Form 5500 | 2022-01-01 | 16 |
| Number of retired or separated participants receiving benefits | 2022-01-01 | 1 |
| Number of other retired or separated participants entitled to future benefits | 2022-01-01 | 7 |
| Total of all active and inactive participants | 2022-01-01 | 24 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2022-01-01 | 0 |
| Total participants | 2022-01-01 | 24 |
| Number of participants with account balances | 2022-01-01 | 24 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2022-01-01 | 3 |
| 2021: RIDE NOW MOTORS 401(K) PLAN 2021 401k membership |
|---|
| Total participants, beginning-of-year | 2021-01-01 | 28 |
| Total number of active participants reported on line 7a of the Form 5500 | 2021-01-01 | 16 |
| Number of retired or separated participants receiving benefits | 2021-01-01 | 4 |
| Number of other retired or separated participants entitled to future benefits | 2021-01-01 | 4 |
| Total of all active and inactive participants | 2021-01-01 | 24 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2021-01-01 | 0 |
| Total participants | 2021-01-01 | 24 |
| Number of participants with account balances | 2021-01-01 | 24 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2021-01-01 | 2 |
| 2020: RIDE NOW MOTORS 401(K) PLAN 2020 401k membership |
|---|
| Total participants, beginning-of-year | 2020-01-01 | 29 |
| Total number of active participants reported on line 7a of the Form 5500 | 2020-01-01 | 18 |
| Number of retired or separated participants receiving benefits | 2020-01-01 | 4 |
| Number of other retired or separated participants entitled to future benefits | 2020-01-01 | 6 |
| Total of all active and inactive participants | 2020-01-01 | 28 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2020-01-01 | 0 |
| Total participants | 2020-01-01 | 28 |
| Number of participants with account balances | 2020-01-01 | 28 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2020-01-01 | 1 |
| 2019: RIDE NOW MOTORS 401(K) PLAN 2019 401k membership |
|---|
| Total participants, beginning-of-year | 2019-01-01 | 30 |
| Total number of active participants reported on line 7a of the Form 5500 | 2019-01-01 | 22 |
| Number of retired or separated participants receiving benefits | 2019-01-01 | 0 |
| Number of other retired or separated participants entitled to future benefits | 2019-01-01 | 9 |
| Total of all active and inactive participants | 2019-01-01 | 31 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2019-01-01 | 0 |
| Total participants | 2019-01-01 | 31 |
| Number of participants with account balances | 2019-01-01 | 31 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2019-01-01 | 0 |
| Measure | Date | Value |
|---|
| 2022 : RIDE NOW MOTORS 401(K) PLAN 2022 401k financial data |
|---|
| Total income from all sources | 2022-12-31 | $-53,510 |
| Expenses. Total of all expenses incurred | 2022-12-31 | $18,757 |
| Benefits paid (including direct rollovers) | 2022-12-31 | $253 |
| Total plan assets at end of year | 2022-12-31 | $2,066,770 |
| Total plan assets at beginning of year | 2022-12-31 | $2,139,037 |
| Value of fidelity bond covering the plan | 2022-12-31 | $250,000 |
| Total contributions received or receivable from participants | 2022-12-31 | $97,641 |
| Other income received | 2022-12-31 | $-314,833 |
| Net income (gross income less expenses) | 2022-12-31 | $-72,267 |
| Net plan assets at end of year (total assets less liabilities) | 2022-12-31 | $2,066,770 |
| Net plan assets at beginning of year (total assets less liabilities) | 2022-12-31 | $2,139,037 |
| Assets. Value of participant loans | 2022-12-31 | $9,029 |
| Assets. Value of real-estate (other than employer real property) | 2022-12-31 | $565,000 |
| Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-102 | 2022-12-31 | $500 |
| Total contributions received or receivable from employer(s) | 2022-12-31 | $163,682 |
| Expenses. Administrative service providers (salaries,fees and commissions) | 2022-12-31 | $18,504 |
| 2021 : RIDE NOW MOTORS 401(K) PLAN 2021 401k financial data |
|---|
| Total income from all sources | 2021-12-31 | $443,794 |
| Expenses. Total of all expenses incurred | 2021-12-31 | $87,099 |
| Benefits paid (including direct rollovers) | 2021-12-31 | $68,618 |
| Total plan assets at end of year | 2021-12-31 | $2,139,037 |
| Total plan assets at beginning of year | 2021-12-31 | $1,782,342 |
| Value of fidelity bond covering the plan | 2021-12-31 | $250,000 |
| Total contributions received or receivable from participants | 2021-12-31 | $94,245 |
| Contributions received from other sources (not participants or employers) | 2021-12-31 | $1,103 |
| Other income received | 2021-12-31 | $225,882 |
| Net income (gross income less expenses) | 2021-12-31 | $356,695 |
| Net plan assets at end of year (total assets less liabilities) | 2021-12-31 | $2,139,037 |
| Net plan assets at beginning of year (total assets less liabilities) | 2021-12-31 | $1,782,342 |
| Assets. Value of participant loans | 2021-12-31 | $8,491 |
| Assets. Value of real-estate (other than employer real property) | 2021-12-31 | $565,000 |
| Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-102 | 2021-12-31 | $1,600 |
| Total contributions received or receivable from employer(s) | 2021-12-31 | $122,564 |
| Expenses. Administrative service providers (salaries,fees and commissions) | 2021-12-31 | $18,481 |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2021-12-31 | $0 |
| 2020 : RIDE NOW MOTORS 401(K) PLAN 2020 401k financial data |
|---|
| Total income from all sources | 2020-12-31 | $411,948 |
| Expenses. Total of all expenses incurred | 2020-12-31 | $371,280 |
| Benefits paid (including direct rollovers) | 2020-12-31 | $361,688 |
| Total plan assets at end of year | 2020-12-31 | $1,782,342 |
| Total plan assets at beginning of year | 2020-12-31 | $1,741,674 |
| Value of fidelity bond covering the plan | 2020-12-31 | $250,000 |
| Total contributions received or receivable from participants | 2020-12-31 | $101,465 |
| Contributions received from other sources (not participants or employers) | 2020-12-31 | $4,854 |
| Other income received | 2020-12-31 | $160,345 |
| Net income (gross income less expenses) | 2020-12-31 | $40,668 |
| Net plan assets at end of year (total assets less liabilities) | 2020-12-31 | $1,782,342 |
| Net plan assets at beginning of year (total assets less liabilities) | 2020-12-31 | $1,741,674 |
| Assets. Value of participant loans | 2020-12-31 | $55,545 |
| Assets. Value of real-estate (other than employer real property) | 2020-12-31 | $300,000 |
| Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-102 | 2020-12-31 | $11,564 |
| Total contributions received or receivable from employer(s) | 2020-12-31 | $145,284 |
| Expenses. Administrative service providers (salaries,fees and commissions) | 2020-12-31 | $9,592 |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2020-12-31 | $0 |
| 2019 : RIDE NOW MOTORS 401(K) PLAN 2019 401k financial data |
|---|
| Total plan liabilities at beginning of year | 2019-12-31 | $1,254 |
| Total income from all sources | 2019-12-31 | $379,847 |
| Expenses. Total of all expenses incurred | 2019-12-31 | $148,445 |
| Benefits paid (including direct rollovers) | 2019-12-31 | $111,631 |
| Total plan assets at end of year | 2019-12-31 | $1,741,674 |
| Total plan assets at beginning of year | 2019-12-31 | $1,511,526 |
| Total contributions received or receivable from participants | 2019-12-31 | $130,861 |
| Other income received | 2019-12-31 | $49,805 |
| Net income (gross income less expenses) | 2019-12-31 | $231,402 |
| Net plan assets at end of year (total assets less liabilities) | 2019-12-31 | $1,741,674 |
| Net plan assets at beginning of year (total assets less liabilities) | 2019-12-31 | $1,510,272 |
| Assets. Value of participant loans | 2019-12-31 | $58,350 |
| Assets. Value of real-estate (other than employer real property) | 2019-12-31 | $300,000 |
| Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-102 | 2019-12-31 | $11,364 |
| Total contributions received or receivable from employer(s) | 2019-12-31 | $199,181 |
| Value of certain deemed distributions of participant loans | 2019-12-31 | $24,546 |
| Expenses. Administrative service providers (salaries,fees and commissions) | 2019-12-31 | $12,268 |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2019-12-31 | $0 |
| 2022: RIDE NOW MOTORS 401(K) PLAN 2022 form 5500 responses |
|---|
| 2022-01-01 | Type of plan entity | Single employer plan |
| 2022-01-01 | Submission has been amended | No |
| 2022-01-01 | This submission is the final filing | No |
| 2022-01-01 | This return/report is a short plan year return/report (less than 12 months) | No |
| 2022-01-01 | Plan is a collectively bargained plan | No |
| 2022-01-01 | Plan funding arrangement – Insurance | Yes |
| 2022-01-01 | Plan funding arrangement – Trust | Yes |
| 2022-01-01 | Plan benefit arrangement – Insurance | Yes |
| 2022-01-01 | Plan benefit arrangement - Trust | Yes |
| 2021: RIDE NOW MOTORS 401(K) PLAN 2021 form 5500 responses |
|---|
| 2021-01-01 | Type of plan entity | Single employer plan |
| 2021-01-01 | Submission has been amended | No |
| 2021-01-01 | This submission is the final filing | No |
| 2021-01-01 | This return/report is a short plan year return/report (less than 12 months) | No |
| 2021-01-01 | Plan is a collectively bargained plan | No |
| 2021-01-01 | Plan funding arrangement – Insurance | Yes |
| 2021-01-01 | Plan funding arrangement – Trust | Yes |
| 2021-01-01 | Plan benefit arrangement – Insurance | Yes |
| 2021-01-01 | Plan benefit arrangement - Trust | Yes |
| 2020: RIDE NOW MOTORS 401(K) PLAN 2020 form 5500 responses |
|---|
| 2020-01-01 | Type of plan entity | Single employer plan |
| 2020-01-01 | Submission has been amended | No |
| 2020-01-01 | This submission is the final filing | No |
| 2020-01-01 | This return/report is a short plan year return/report (less than 12 months) | No |
| 2020-01-01 | Plan is a collectively bargained plan | No |
| 2020-01-01 | Plan funding arrangement – Insurance | Yes |
| 2020-01-01 | Plan funding arrangement – Trust | Yes |
| 2020-01-01 | Plan benefit arrangement – Insurance | Yes |
| 2020-01-01 | Plan benefit arrangement - Trust | Yes |
| 2019: RIDE NOW MOTORS 401(K) PLAN 2019 form 5500 responses |
|---|
| 2019-01-01 | Type of plan entity | Single employer plan |
| 2019-01-01 | Submission has been amended | No |
| 2019-01-01 | This submission is the final filing | No |
| 2019-01-01 | This return/report is a short plan year return/report (less than 12 months) | No |
| 2019-01-01 | Plan is a collectively bargained plan | No |
| 2019-01-01 | Plan funding arrangement – Insurance | Yes |
| 2019-01-01 | Plan benefit arrangement – Insurance | Yes |
| 2019-01-01 | Plan benefit arrangement - Trust | Yes |
| JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 ) |
| Policy contract number | 112087 |
| Policy instance | 1 |
| Insurance contract or identification number | 112087 | | Number of Individuals Covered | 24 | | Insurance policy start date | 2022-01-01 | | Insurance policy end date | 2022-12-31 | | Total amount of commissions paid to insurance broker | USD $4,856 | | Total amount of fees paid to insurance company | USD $612 | | 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 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 | | Commission paid to Insurance Broker | USD $4,856 | | Insurance broker organization code? | 3 | | Amount paid for insurance broker fees | 612 | | Additional information about fees paid to insurance broker | TPA COMPENSATION |
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| JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 ) |
| Policy contract number | 112087 |
| Policy instance | 1 |
| Insurance contract or identification number | 112087 | | Number of Individuals Covered | 24 | | Insurance policy start date | 2021-01-01 | | Insurance policy end date | 2021-12-31 | | Total amount of commissions paid to insurance broker | USD $4,418 | | Total amount of fees paid to insurance company | USD $599 | | 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 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 | | Commission paid to Insurance Broker | USD $4,418 | | Insurance broker organization code? | 3 | | Amount paid for insurance broker fees | 599 | | Additional information about fees paid to insurance broker | TPA COMPENSATION |
|
| JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 ) |
| Policy contract number | 112087 |
| Policy instance | 1 |
| Insurance contract or identification number | 112087 | | Number of Individuals Covered | 28 | | Insurance policy start date | 2020-01-01 | | Insurance policy end date | 2020-12-31 | | Total amount of commissions paid to insurance broker | USD $3,335 | | Total amount of fees paid to insurance company | USD $445 | | 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 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 | | Commission paid to Insurance Broker | USD $3,335 | | Insurance broker organization code? | 3 | | Amount paid for insurance broker fees | 445 | | Additional information about fees paid to insurance broker | TPA COMPENSATION |
|
| JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 ) |
| Policy contract number | 112087 |
| Policy instance | 1 |
| Insurance contract or identification number | 112087 | | Number of Individuals Covered | 28 | | Insurance policy start date | 2019-01-01 | | Insurance policy end date | 2019-12-31 | | Total amount of commissions paid to insurance broker | USD $2,758 | | Total amount of fees paid to insurance company | USD $3,254 | | 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 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 | | Commission paid to Insurance Broker | USD $1,471 | | Insurance broker organization code? | 3 | | Amount paid for insurance broker fees | 3254 | | Additional information about fees paid to insurance broker | TPA FEES PAID TPA COMPENSATION OTHER ALLOWANCES |
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