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LEAN MOTORSPORTS INC. RETIREMENT PLAN 401k Plan overview

Plan NameLEAN MOTORSPORTS INC. RETIREMENT PLAN
Plan identification number 001

LEAN MOTORSPORTS INC. RETIREMENT PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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

LEAN MOTORSPORTS INC. has sponsored the creation of one or more 401k plans.

Company Name:LEAN MOTORSPORTS INC.
Employer identification number (EIN):475304520
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 LEAN MOTORSPORTS INC. RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012020-01-01
0012019-01-01
0012018-01-01ROSA V. INESTROZA ATTRA
0012017-01-01ROSA V. INESTROZA ATTRA
0012016-01-01ROSA V. INESTROZA ATTRA
0012015-10-13ROSA V. INESTROZA ATTRA

Financial Data on LEAN MOTORSPORTS INC. RETIREMENT PLAN

Measure Date Value
2020 : LEAN MOTORSPORTS INC. RETIREMENT PLAN 2020 401k financial data
Total income from all sources2020-09-30$-50,193
Expenses. Total of all expenses incurred2020-09-30$51,686
Benefits paid (including direct rollovers)2020-09-30$51,686
Total plan assets at end of year2020-09-30$0
Total plan assets at beginning of year2020-09-30$101,879
Value of fidelity bond covering the plan2020-09-30$10,997
Other income received2020-09-30$-50,193
Net income (gross income less expenses)2020-09-30$-101,879
Net plan assets at end of year (total assets less liabilities)2020-09-30$0
Net plan assets at beginning of year (total assets less liabilities)2020-09-30$101,879
Assets. Value of employer securities2020-09-30$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-09-30$0
2019 : LEAN MOTORSPORTS INC. RETIREMENT PLAN 2019 401k financial data
Total income from all sources2019-12-31$-861,881
Expenses. Total of all expenses incurred2019-12-31$0
Total plan assets at end of year2019-12-31$101,879
Total plan assets at beginning of year2019-12-31$963,760
Value of fidelity bond covering the plan2019-12-31$10,997
Other income received2019-12-31$-861,881
Net income (gross income less expenses)2019-12-31$-861,881
Net plan assets at end of year (total assets less liabilities)2019-12-31$101,879
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$963,760
Assets. Value of employer securities2019-12-31$101,879
2018 : LEAN MOTORSPORTS INC. RETIREMENT PLAN 2018 401k financial data
Total income from all sources2018-12-31$725,335
Expenses. Total of all expenses incurred2018-12-31$0
Benefits paid (including direct rollovers)2018-12-31$0
Total plan assets at end of year2018-12-31$963,760
Total plan assets at beginning of year2018-12-31$238,425
Value of fidelity bond covering the plan2018-12-31$10,997
Total contributions received or receivable from participants2018-12-31$0
Contributions received from other sources (not participants or employers)2018-12-31$0
Other income received2018-12-31$725,335
Net income (gross income less expenses)2018-12-31$725,335
Net plan assets at end of year (total assets less liabilities)2018-12-31$963,760
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$238,425
Assets. Value of employer securities2018-12-31$963,760
Total contributions received or receivable from employer(s)2018-12-31$0
Value of certain deemed distributions of participant loans2018-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$0
2017 : LEAN MOTORSPORTS INC. RETIREMENT PLAN 2017 401k financial data
Total income from all sources2017-12-31$138,425
Expenses. Total of all expenses incurred2017-12-31$0
Benefits paid (including direct rollovers)2017-12-31$0
Total plan assets at end of year2017-12-31$238,425
Total plan assets at beginning of year2017-12-31$100,000
Value of fidelity bond covering the plan2017-12-31$10,997
Total contributions received or receivable from participants2017-12-31$0
Contributions received from other sources (not participants or employers)2017-12-31$0
Other income received2017-12-31$138,425
Net income (gross income less expenses)2017-12-31$138,425
Net plan assets at end of year (total assets less liabilities)2017-12-31$238,425
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$100,000
Assets. Value of employer securities2017-12-31$238,425
Total contributions received or receivable from employer(s)2017-12-31$0
Value of certain deemed distributions of participant loans2017-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$0
2016 : LEAN MOTORSPORTS INC. RETIREMENT PLAN 2016 401k financial data
Total income from all sources2016-12-31$-9,970
Expenses. Total of all expenses incurred2016-12-31$30
Benefits paid (including direct rollovers)2016-12-31$0
Total plan assets at end of year2016-12-31$100,000
Total plan assets at beginning of year2016-12-31$110,000
Total contributions received or receivable from participants2016-12-31$0
Contributions received from other sources (not participants or employers)2016-12-31$0
Other income received2016-12-31$-9,970
Net income (gross income less expenses)2016-12-31$-10,000
Net plan assets at end of year (total assets less liabilities)2016-12-31$100,000
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$110,000
Assets. Value of employer securities2016-12-31$100,000
Total contributions received or receivable from employer(s)2016-12-31$0
Value of certain deemed distributions of participant loans2016-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$30
2015 : LEAN MOTORSPORTS INC. RETIREMENT PLAN 2015 401k financial data
Total income from all sources2015-12-31$110,000
Expenses. Total of all expenses incurred2015-12-31$0
Benefits paid (including direct rollovers)2015-12-31$0
Total plan assets at end of year2015-12-31$110,000
Total plan assets at beginning of year2015-12-31$0
Total contributions received or receivable from participants2015-12-31$0
Contributions received from other sources (not participants or employers)2015-12-31$110,000
Other income received2015-12-31$0
Net income (gross income less expenses)2015-12-31$110,000
Net plan assets at end of year (total assets less liabilities)2015-12-31$110,000
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$0
Total contributions received or receivable from employer(s)2015-12-31$0
Value of certain deemed distributions of participant loans2015-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$0

Form 5500 Responses for LEAN MOTORSPORTS INC. RETIREMENT PLAN

2020: LEAN MOTORSPORTS INC. RETIREMENT 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 filingYes
2020-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: LEAN MOTORSPORTS INC. RETIREMENT 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
2018: LEAN MOTORSPORTS INC. RETIREMENT PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: LEAN MOTORSPORTS INC. RETIREMENT PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: LEAN MOTORSPORTS INC. RETIREMENT PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: LEAN MOTORSPORTS INC. RETIREMENT PLAN 2015 form 5500 responses
2015-10-13Type of plan entitySingle employer plan
2015-10-13First time form 5500 has been submittedYes
2015-10-13This return/report is a short plan year return/report (less than 12 months)Yes
2015-10-13Plan funding arrangement – TrustYes
2015-10-13Plan benefit arrangement - TrustYes

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