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OHIO TRUCK SALES, LLC CASH BALANCE PENSION PLAN AND TRUST 401k Plan overview

Plan NameOHIO TRUCK SALES, LLC CASH BALANCE PENSION PLAN AND TRUST
Plan identification number 002

OHIO TRUCK SALES, LLC CASH BALANCE PENSION PLAN AND TRUST Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Cash balance or similar plan - Plan has a "cash balance" formula. For this purpose, a "cash balance" formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount (for example, 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance).
  • Floor-offset plan - Plan benefits are subject to offset for retirement benefits provided by an employer-sponsored defined contribution plan.
  • Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).

401k Sponsoring company profile

CAI HOLDINGS 401(K) PROFIT SHARING PLAN & TRUST has sponsored the creation of one or more 401k plans.

Company Name:CAI HOLDINGS 401(K) PROFIT SHARING PLAN & TRUST
Employer identification number (EIN):453995505
NAIC Classification:441110
NAIC Description:New Car Dealers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan OHIO TRUCK SALES, LLC CASH BALANCE PENSION PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01CHRIS ANDREWS2024-10-14
0022022-01-01CHRIS ANDREWS2023-06-13
0022021-01-01CHRIS ANDREWS2022-10-12
0022020-01-01CHRIS ANDREWS2021-10-01
0022019-01-01CHRIS ANDREWS2020-09-03

Plan Statistics for OHIO TRUCK SALES, LLC CASH BALANCE PENSION PLAN AND TRUST

401k plan membership statisitcs for OHIO TRUCK SALES, LLC CASH BALANCE PENSION PLAN AND TRUST

Measure Date Value
2025: OHIO TRUCK SALES, LLC CASH BALANCE PENSION PLAN AND TRUST 2025 401k membership
Total number of particpants at beginning of year2025-10-1512
Total number of particpants at end of year2025-10-152
2024: OHIO TRUCK SALES, LLC CASH BALANCE PENSION PLAN AND TRUST 2024 401k membership
Total number of particpants at beginning of year2024-10-1428
Total number of particpants at end of year2024-10-1412
2022: OHIO TRUCK SALES, LLC CASH BALANCE PENSION PLAN AND TRUST 2022 401k membership
Market value of plan assets2022-12-31202,601
Acturial value of plan assets2022-12-31202,601
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-310
Fundng target for terminated vested participants2022-12-310
Active participant vested funding target2022-12-3147,747
Number of active participants2022-12-3128
Total funding liabilities for active participants2022-12-3147,749
Total participant count2022-12-3128
Total funding target for all participants2022-12-3147,749
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2022-12-310
Prefunding balanced used to offset prior years funding requirement2022-12-310
Amount remaining of carryover balance2022-12-310
Amount remaining of prefunding balance2022-12-310
Present value of excess contributions2022-12-3163,033
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-3163,033
Reductions in caryover balances due to elections or deemed elections2022-12-310
Reductions in prefunding balances due to elections or deemed elections2022-12-310
Balance of carryovers at beginning of current year2022-12-310
Balance of prefunding at beginning of current year2022-12-310
Total employer contributions2022-12-310
Total employee contributions2022-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-12-310
Contributions made to avoid restrictions adjusted to valuation date2022-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-310
Unpaid minimum required contributions for all prior years2022-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-12-310
Remaining amount of unpaid minimum required contributions2022-12-310
Minimum required contributions for current year target normal cost2022-12-310
Net shortfall amortization installment of oustanding balance2022-12-310
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-310
Additional cash requirement2022-12-310
Contributions allocatedtoward minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: OHIO TRUCK SALES, LLC CASH BALANCE PENSION PLAN AND TRUST 2021 401k membership
Market value of plan assets2021-12-31149,827
Acturial value of plan assets2021-12-31149,827
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-310
Fundng target for terminated vested participants2021-12-310
Active participant vested funding target2021-12-310
Number of active participants2021-12-3145
Total funding liabilities for active participants2021-12-310
Total participant count2021-12-3145
Total funding target for all participants2021-12-310
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-310
Prefunding balanced used to offset prior years funding requirement2021-12-310
Amount remaining of carryover balance2021-12-310
Amount remaining of prefunding balance2021-12-310
Present value of excess contributions2021-12-3159,540
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-3159,540
Reductions in caryover balances due to elections or deemed elections2021-12-310
Reductions in prefunding balances due to elections or deemed elections2021-12-310
Balance of carryovers at beginning of current year2021-12-310
Balance of prefunding at beginning of current year2021-12-310
Total employer contributions2021-12-3165,732
Total employee contributions2021-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-12-310
Contributions made to avoid restrictions adjusted to valuation date2021-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-3163,033
Unpaid minimum required contributions for all prior years2021-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-12-310
Remaining amount of unpaid minimum required contributions2021-12-310
Minimum required contributions for current year target normal cost2021-12-3110,067
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-310
Additional cash requirement2021-12-310
Contributions allocatedtoward minimum required contributions for current year2021-12-3163,033
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: OHIO TRUCK SALES, LLC CASH BALANCE PENSION PLAN AND TRUST 2020 401k membership
Market value of plan assets2020-12-3175,267
Acturial value of plan assets2020-12-3175,267
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-310
Fundng target for terminated vested participants2020-12-310
Active participant vested funding target2020-12-3162
Number of active participants2020-12-3142
Total funding liabilities for active participants2020-12-3162
Total participant count2020-12-3142
Total funding target for all participants2020-12-3162
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-310
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-310
Present value of excess contributions2020-12-3159,923
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-3159,923
Reductions in caryover balances due to elections or deemed elections2020-12-310
Reductions in prefunding balances due to elections or deemed elections2020-12-310
Balance of carryovers at beginning of current year2020-12-310
Balance of prefunding at beginning of current year2020-12-310
Total employer contributions2020-12-3162,135
Total employee contributions2020-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-12-310
Contributions made to avoid restrictions adjusted to valuation date2020-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-12-3159,540
Unpaid minimum required contributions for all prior years2020-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-12-310
Remaining amount of unpaid minimum required contributions2020-12-310
Minimum required contributions for current year target normal cost2020-12-31764
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-310
Additional cash requirement2020-12-310
Contributions allocatedtoward minimum required contributions for current year2020-12-3159,540
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: OHIO TRUCK SALES, LLC CASH BALANCE PENSION PLAN AND TRUST 2019 401k membership
Market value of plan assets2019-12-310
Acturial value of plan assets2019-12-310
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-310
Fundng target for terminated vested participants2019-12-310
Active participant vested funding target2019-12-310
Number of active participants2019-12-3117
Total funding liabilities for active participants2019-12-310
Total participant count2019-12-3117
Total funding target for all participants2019-12-310
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-310
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-310
Present value of excess contributions2019-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-310
Reductions in caryover balances due to elections or deemed elections2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-310
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-310
Total employer contributions2019-12-3164,000
Total employee contributions2019-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-12-310
Contributions made to avoid restrictions adjusted to valuation date2019-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-3162,338
Unpaid minimum required contributions for all prior years2019-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-12-310
Remaining amount of unpaid minimum required contributions2019-12-310
Minimum required contributions for current year target normal cost2019-12-312,415
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-312,415
Additional cash requirement2019-12-312,415
Contributions allocatedtoward minimum required contributions for current year2019-12-3162,338
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310

Financial Data on OHIO TRUCK SALES, LLC CASH BALANCE PENSION PLAN AND TRUST

Measure Date Value
2025 : OHIO TRUCK SALES, LLC CASH BALANCE PENSION PLAN AND TRUST 2025 401k financial data
Total expenses incurred by plan in this plan year2025-10-154533
Net assets as of the end of the plan year2025-10-15230425
Total assets as of the beginning of the plan year2025-10-15222407
Value of plan covered by a fidelity bond2025-10-15100000
Other income to plan in this plan year2025-10-1512551
Plan net income in this plan year2025-10-158018
Net assets as of the end of the plan year2025-10-15230425
Net assets as of the beginning of the plan year2025-10-15222407
Expensese paid to adminstrative service provicers from plan in this plan year2025-10-152373
2024 : OHIO TRUCK SALES, LLC CASH BALANCE PENSION PLAN AND TRUST 2024 401k financial data
Total expenses incurred by plan in this plan year2024-10-142738
Net assets as of the end of the plan year2024-10-14222407
Total assets as of the beginning of the plan year2024-10-14202601
Value of plan covered by a fidelity bond2024-10-14100000
Other income to plan in this plan year2024-10-1422544
Plan net income in this plan year2024-10-1419806
Net assets as of the end of the plan year2024-10-14222407
Net assets as of the beginning of the plan year2024-10-14202601
Expensese paid to adminstrative service provicers from plan in this plan year2024-10-142738

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