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ALM AUTOMOTIVE 401(K) PLAN 401k Plan overview

Plan NameALM AUTOMOTIVE 401(K) PLAN
Plan identification number 001

ALM AUTOMOTIVE 401(K) 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.
  • 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.

401k Sponsoring company profile

ALM AUTOMOTIVE GROUP LLC has sponsored the creation of one or more 401k plans.

Company Name:ALM AUTOMOTIVE GROUP LLC
Employer identification number (EIN):473822444
NAIC Classification:441110
NAIC Description:New Car Dealers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ALM AUTOMOTIVE 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-06-03KHUSHWANT BHATIA2023-10-06

Financial Data on ALM AUTOMOTIVE 401(K) PLAN

Measure Date Value
2025 : ALM AUTOMOTIVE 401(K) PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-09-18101024
Net assets as of the end of the plan year2025-09-18559996
Total assets as of the beginning of the plan year2025-09-18340200
Value of plan covered by a fidelity bond2025-09-1840000
Participant contributions to plan in this plan year2025-09-18181531
Value of participant loans at end of plan year2025-09-1817913
Other contributions to plan in this plan year2025-09-1812281
Other income to plan in this plan year2025-09-1865215
Plan net income in this plan year2025-09-18219796
Net assets as of the end of the plan year2025-09-18559996
Net assets as of the beginning of the plan year2025-09-18340200
Employer contributions to plan in this plan year2025-09-1861793
Fees paid to broker by Benefit Provider2025-09-181
Expensese paid to adminstrative service provicers from plan in this plan year2025-09-187458
Total expenses incurred by plan in this plan year2025-04-2252681
Net assets as of the end of the plan year2025-04-22340200
Total assets as of the beginning of the plan year2025-04-22139659
Value of plan covered by a fidelity bond2025-04-2230000
Participant contributions to plan in this plan year2025-04-22147840
Value of participant loans at end of plan year2025-04-2219247
Other income to plan in this plan year2025-04-2243124
Plan net income in this plan year2025-04-22200541
Net assets as of the end of the plan year2025-04-22340200
Net assets as of the beginning of the plan year2025-04-22139659
Employer contributions to plan in this plan year2025-04-2262258
Fees paid to broker by Benefit Provider2025-04-22380
Expensese paid to adminstrative service provicers from plan in this plan year2025-04-223530
2022 : ALM AUTOMOTIVE 401(K) PLAN 2022 401k financial data
Total income from all sources (including contributions)2022-12-31$141,065
Total of all expenses incurred2022-12-31$1,406
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$1,286
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$141,697
Value of total assets at end of year2022-12-31$139,659
Value of total assets at beginning of year2022-12-31$0
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$120
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$30,000
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$92,134
Participant contributions at end of year2022-12-31$2,761
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$7,167
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$139,659
Value of net assets at end of year (total assets less liabilities)2022-12-31$139,659
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$0
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
Investment advisory and management fees2022-12-31$120
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$0
Value of interest in pooled separate accounts at end of year2022-12-31$133,711
Value of interest in pooled separate accounts at beginning of year2022-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$0
Net investment gain/loss from pooled separate accounts2022-12-31$0
Net investment gain or loss from common/collective trusts2022-12-31$-632
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$42,396
Employer contributions (assets) at end of year2022-12-31$3,187
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$1,286
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
Total income from all sources (including contributions)2022-06-03$141,065
Total of all expenses incurred2022-06-03$1,406
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-06-03$1,286
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-06-03$141,697
Value of total assets at end of year2022-06-03$139,659
Value of total assets at beginning of year2022-06-03$0
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-06-03$120
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-06-03No
Was this plan covered by a fidelity bond2022-06-03Yes
Value of fidelity bond cover2022-06-03$30,000
If this is an individual account plan, was there a blackout period2022-06-03No
Were there any nonexempt tranactions with any party-in-interest2022-06-03No
Contributions received from participants2022-06-03$92,134
Participant contributions at end of year2022-06-03$2,761
Income. Received or receivable in cash from other sources (including rollovers)2022-06-03$7,167
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-06-03No
Value of net income/loss2022-06-03$139,659
Value of net assets at end of year (total assets less liabilities)2022-06-03$139,659
Value of net assets at beginning of year (total assets less liabilities)2022-06-03$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-06-03No
Were any loans by the plan or fixed income obligations due to the plan in default2022-06-03No
Were any leases to which the plan was party in default or uncollectible2022-06-03No
Investment advisory and management fees2022-06-03$120
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-06-03$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-06-03$0
Value of interest in pooled separate accounts at end of year2022-06-03$133,711
Value of interest in pooled separate accounts at beginning of year2022-06-03$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-06-03$0
Net investment gain/loss from pooled separate accounts2022-06-03$0
Net investment gain or loss from common/collective trusts2022-06-03$-632
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-06-03No
Was there a failure to transmit to the plan any participant contributions2022-06-03No
Has the plan failed to provide any benefit when due under the plan2022-06-03No
Contributions received in cash from employer2022-06-03$42,396
Employer contributions (assets) at end of year2022-06-03$3,187
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-06-03$1,286
Did the plan have assets held for investment2022-06-03Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-06-03No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-06-03No

Form 5500 Responses for ALM AUTOMOTIVE 401(K) PLAN

2022: ALM AUTOMOTIVE 401(K) PLAN 2022 form 5500 responses
2022-06-03Type of plan entitySingle employer plan
2022-06-03First time form 5500 has been submittedYes
2022-06-03Submission has been amendedNo
2022-06-03This submission is the final filingNo
2022-06-03This return/report is a short plan year return/report (less than 12 months)Yes
2022-06-03Plan is a collectively bargained planNo
2022-06-03Plan funding arrangement – InsuranceYes
2022-06-03Plan funding arrangement – TrustYes
2022-06-03Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )
Policy contract number516532-01
Policy instance 1
Insurance contract or identification number516532-01
Number of Individuals Covered0
Insurance policy start date2022-06-03
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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