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ADVANTAGE TRUCK CENTER 401(K) PLAN 401k Plan overview

Plan NameADVANTAGE TRUCK CENTER 401(K) PLAN
Plan identification number 001

ADVANTAGE TRUCK CENTER 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • 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

YOUNGS TRUCK CENTER,INC has sponsored the creation of one or more 401k plans.

Company Name:YOUNGS TRUCK CENTER,INC
Employer identification number (EIN):561928725
NAIC Classification:441110
NAIC Description:New Car Dealers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ADVANTAGE TRUCK CENTER 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01

Plan Statistics for ADVANTAGE TRUCK CENTER 401(K) PLAN

401k plan membership statisitcs for ADVANTAGE TRUCK CENTER 401(K) PLAN

Measure Date Value
2022: ADVANTAGE TRUCK CENTER 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01115
Total number of active participants reported on line 7a of the Form 55002022-01-010
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-010
Total of all active and inactive participants2022-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-010
Number of participants with account balances2022-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: ADVANTAGE TRUCK CENTER 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01180
Total number of active participants reported on line 7a of the Form 55002021-01-01150
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0119
Total of all active and inactive participants2021-01-01169
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01169
Number of participants with account balances2021-01-01115
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-0116
2020: ADVANTAGE TRUCK CENTER 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01188
Total number of active participants reported on line 7a of the Form 55002020-01-01152
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-0126
Total of all active and inactive participants2020-01-01178
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01178
Number of participants with account balances2020-01-01144
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-0127
2019: ADVANTAGE TRUCK CENTER 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01165
Total number of active participants reported on line 7a of the Form 55002019-01-01164
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-0121
Total of all active and inactive participants2019-01-01185
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01185
Number of participants with account balances2019-01-01142
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-0113

Financial Data on ADVANTAGE TRUCK CENTER 401(K) PLAN

Measure Date Value
2022 : ADVANTAGE TRUCK CENTER 401(K) PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-05-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-05-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-05-31$0
Total income from all sources (including contributions)2022-05-31$-302,807
Total loss/gain on sale of assets2022-05-31$0
Total of all expenses incurred2022-05-31$5,630,269
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-05-31$5,623,937
Expenses. Certain deemed distributions of participant loans2022-05-31$7
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-05-31$0
Value of total assets at end of year2022-05-31$0
Value of total assets at beginning of year2022-05-31$5,933,076
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-05-31$6,325
Total interest from all sources2022-05-31$564
Total dividends received (eg from common stock, registered investment company shares)2022-05-31$1,712
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-05-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2022-05-31$0
Total dividends received from registered investment company shares (eg mutual funds)2022-05-31$1,712
Was this plan covered by a fidelity bond2022-05-31Yes
Value of fidelity bond cover2022-05-31$500,000
If this is an individual account plan, was there a blackout period2022-05-31No
Were there any nonexempt tranactions with any party-in-interest2022-05-31No
Participant contributions at end of year2022-05-31$0
Participant contributions at beginning of year2022-05-31$79,199
Other income not declared elsewhere2022-05-31$517
Administrative expenses (other) incurred2022-05-31$6,325
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-05-31No
Value of net income/loss2022-05-31$-5,933,076
Value of net assets at end of year (total assets less liabilities)2022-05-31$0
Value of net assets at beginning of year (total assets less liabilities)2022-05-31$5,933,076
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-05-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-05-31No
Were any leases to which the plan was party in default or uncollectible2022-05-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-05-31$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-05-31$5,390,488
Interest on participant loans2022-05-31$564
Value of interest in common/collective trusts at end of year2022-05-31$0
Value of interest in common/collective trusts at beginning of year2022-05-31$463,389
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-05-31$-306,612
Net investment gain or loss from common/collective trusts2022-05-31$1,012
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-05-31No
Was there a failure to transmit to the plan any participant contributions2022-05-31No
Has the plan failed to provide any benefit when due under the plan2022-05-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-05-31$5,623,937
Did the plan have assets held for investment2022-05-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-05-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-05-31Yes
Opinion of an independent qualified public accountant for this plan2022-05-31Unqualified
Accountancy firm name2022-05-31CLIFTONLARSONALLEN LLP
Accountancy firm EIN2022-05-31410746749
2021 : ADVANTAGE TRUCK CENTER 401(K) PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total transfer of assets to this plan2021-12-31$0
Total transfer of assets from this plan2021-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total income from all sources (including contributions)2021-12-31$1,991,190
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$3,701,451
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$3,613,467
Expenses. Certain deemed distributions of participant loans2021-12-31$756
Value of total corrective distributions2021-12-31$9,709
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$759,356
Value of total assets at end of year2021-12-31$5,933,076
Value of total assets at beginning of year2021-12-31$7,643,337
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$77,519
Total interest from all sources2021-12-31$4,907
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$243,000
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2021-12-31$0
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$243,000
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$500,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$594,022
Participant contributions at end of year2021-12-31$79,199
Participant contributions at beginning of year2021-12-31$108,421
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$19,146
Other income not declared elsewhere2021-12-31$19,394
Administrative expenses (other) incurred2021-12-31$77,519
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$-1,710,261
Value of net assets at end of year (total assets less liabilities)2021-12-31$5,933,076
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$7,643,337
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$5,390,488
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$6,505,345
Interest on participant loans2021-12-31$4,907
Value of interest in common/collective trusts at end of year2021-12-31$463,389
Value of interest in common/collective trusts at beginning of year2021-12-31$1,029,571
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$944,912
Net investment gain or loss from common/collective trusts2021-12-31$19,621
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$146,188
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$3,613,467
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31CLIFTONLARSONALLEN LLP
Accountancy firm EIN2021-12-31410746749
2020 : ADVANTAGE TRUCK CENTER 401(K) PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total transfer of assets to this plan2020-12-31$0
Total transfer of assets from this plan2020-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total income from all sources (including contributions)2020-12-31$1,724,964
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$383,733
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$304,193
Value of total corrective distributions2020-12-31$26,176
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$762,111
Value of total assets at end of year2020-12-31$7,643,337
Value of total assets at beginning of year2020-12-31$6,302,106
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$53,364
Total interest from all sources2020-12-31$3,658
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$129,350
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$129,350
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$500,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$597,371
Participant contributions at end of year2020-12-31$108,421
Participant contributions at beginning of year2020-12-31$59,788
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$1,852
Administrative expenses (other) incurred2020-12-31$53,364
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$1,341,231
Value of net assets at end of year (total assets less liabilities)2020-12-31$7,643,337
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$6,302,106
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$6,505,345
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$5,305,425
Interest on participant loans2020-12-31$3,658
Value of interest in common/collective trusts at end of year2020-12-31$1,029,571
Value of interest in common/collective trusts at beginning of year2020-12-31$936,893
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$806,633
Net investment gain or loss from common/collective trusts2020-12-31$23,212
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$162,888
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$304,193
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31CLIFTONLARSONALLEN LLP
Accountancy firm EIN2020-12-31410746749
2019 : ADVANTAGE TRUCK CENTER 401(K) PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total transfer of assets to this plan2019-12-31$5,421,850
Total transfer of assets from this plan2019-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total income from all sources (including contributions)2019-12-31$1,498,053
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$617,797
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$578,114
Value of total corrective distributions2019-12-31$9,543
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$668,899
Value of total assets at end of year2019-12-31$6,302,106
Value of total assets at beginning of year2019-12-31$0
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$30,140
Total interest from all sources2019-12-31$4,157
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$157,370
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$157,370
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$500,000
If this is an individual account plan, was there a blackout period2019-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$519,853
Participant contributions at end of year2019-12-31$59,788
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$11,182
Other income not declared elsewhere2019-12-31$34,212
Administrative expenses (other) incurred2019-12-31$30,140
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$880,256
Value of net assets at end of year (total assets less liabilities)2019-12-31$6,302,106
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$5,305,425
Interest on participant loans2019-12-31$4,157
Value of interest in common/collective trusts at end of year2019-12-31$936,893
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$609,294
Net investment gain or loss from common/collective trusts2019-12-31$24,121
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$137,864
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$578,114
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31CLIFTONLARSONALLEN, LLP
Accountancy firm EIN2019-12-31410746749

Form 5500 Responses for ADVANTAGE TRUCK CENTER 401(K) PLAN

2022: ADVANTAGE TRUCK CENTER 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingYes
2022-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: ADVANTAGE TRUCK CENTER 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: ADVANTAGE TRUCK CENTER 401(K) 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 filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: ADVANTAGE TRUCK CENTER 401(K) PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01First time form 5500 has been submittedYes
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

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