SALE AUTO MALL, INC. has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan SALE AUTOMOTIVE GROUP EMPLOYEES SAVINGS PLAN
| Measure | Date | Value |
|---|
| 2008 : SALE AUTOMOTIVE GROUP EMPLOYEES SAVINGS PLAN 2008 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2008-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2008-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2008-12-31 | $0 |
| Total income from all sources (including contributions) | 2008-12-31 | $-187,467 |
| Total loss/gain on sale of assets | 2008-12-31 | $0 |
| Total of all expenses incurred | 2008-12-31 | $561,042 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2008-12-31 | $478,349 |
| Expenses. Certain deemed distributions of participant loans | 2008-12-31 | $31,055 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2008-12-31 | $67,254 |
| Value of total assets at end of year | 2008-12-31 | $98,908 |
| Value of total assets at beginning of year | 2008-12-31 | $847,417 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2008-12-31 | $51,638 |
| Total interest from all sources | 2008-12-31 | $-254,721 |
| Total dividends received (eg from common stock, registered investment company shares) | 2008-12-31 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2008-12-31 | No |
| Was this plan covered by a fidelity bond | 2008-12-31 | Yes |
| Value of fidelity bond cover | 2008-12-31 | $200,000 |
| Were there any nonexempt tranactions with any party-in-interest | 2008-12-31 | No |
| Contributions received from participants | 2008-12-31 | $62,435 |
| Assets. Loans (other than to participants) at end of year | 2008-12-31 | $0 |
| Assets. Loans (other than to participants) at beginning of year | 2008-12-31 | $24,812 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2008-12-31 | No |
| Value of net income/loss | 2008-12-31 | $-748,509 |
| Value of net assets at end of year (total assets less liabilities) | 2008-12-31 | $98,908 |
| Value of net assets at beginning of year (total assets less liabilities) | 2008-12-31 | $847,417 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2008-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2008-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2008-12-31 | No |
| Value of interest in pooled separate accounts at end of year | 2008-12-31 | $89,919 |
| Value of interest in pooled separate accounts at beginning of year | 2008-12-31 | $757,507 |
| Interest on participant loans | 2008-12-31 | $1,162 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2008-12-31 | $-255,883 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2008-12-31 | $8,989 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2008-12-31 | $65,038 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2008-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2008-12-31 | No |
| Contributions received in cash from employer | 2008-12-31 | $4,819 |
| Employer contributions (assets) at end of year | 2008-12-31 | $0 |
| Employer contributions (assets) at beginning of year | 2008-12-31 | $60 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2008-12-31 | $478,349 |
| Contract administrator fees | 2008-12-31 | $51,638 |
| Did the plan have assets held for investment | 2008-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2008-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2008-12-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2008-12-31 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2008-12-31 | Disclaimer |
| Accountancy firm name | 2008-12-31 | BRENT MILLIKAN & CO. P.A. |
| Accountancy firm EIN | 2008-12-31 | 592607238 |
