401k Plan data: REED MOTORS, INC 401(K) RETIREMENT PLAN plan

REED MOTORS, INC 401(K) RETIREMENT PLAN 401k Plan overview

Plan Name	REED MOTORS, INC 401(K) RETIREMENT PLAN
Plan identification number	001

REED MOTORS, INC 401(K) RETIREMENT PLAN Benefits

401k Plan Type

Defined 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.
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

REED MOTORS, INC has sponsored the creation of one or more 401k plans.

Company Name: REED MOTORS, INC

Employer identification number (EIN): 590607019

NAIC Classification: 441110
NAIC Description: New Car Dealers

Additional information about REED MOTORS, INC

Jurisdiction of Incorporation: Florida Department of State Division of Corporations

Incorporation Date: 1950-01-31

Company Identification Number: 160391

Legal Registered Office Address: 3776 W COLONIAL DR

ORLANDO

32808

More information about REED MOTORS, INC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan REED MOTORS, INC 401(K) RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2019-01-01
001 2018-01-01
001 2017-01-01
001 2016-01-01 CHRISTINE WACHS
001 2016-01-01
001 2015-01-01 CHRISTINE WACHS
001 2014-01-01 RAYMOND D REED
001 2014-01-01 RAYMOND D REED
001 2014-01-01 RAYMOND D REED
001 2013-01-01 RAYMOND D REED 2014-07-17 RAYMOND D REED 2014-07-17
001 2012-01-01 RAYMOND D REED 2013-08-19 CHRISTINE WACHS 2013-08-19
001 2011-01-01 RAYMOND REED 2012-05-10
001 2010-01-01 RAYMOND REED 2011-06-21

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2019-01-01
001	2018-01-01
001	2017-01-01
001	2016-01-01	CHRISTINE WACHS
001	2016-01-01
001	2015-01-01	CHRISTINE WACHS
001	2014-01-01	RAYMOND D REED
001	2014-01-01	RAYMOND D REED
001	2014-01-01	RAYMOND D REED
001	2013-01-01	RAYMOND D REED	2014-07-17	RAYMOND D REED	2014-07-17
001	2012-01-01	RAYMOND D REED	2013-08-19	CHRISTINE WACHS	2013-08-19
001	2011-01-01	RAYMOND REED	2012-05-10
001	2010-01-01	RAYMOND REED	2011-06-21

Plan Statistics for REED MOTORS, INC 401(K) RETIREMENT PLAN

401k plan membership statisitcs for REED MOTORS, INC 401(K) RETIREMENT PLAN

Measure Date Value
2019: REED MOTORS, INC 401(K) RETIREMENT PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 304
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 0
Total of all active and inactive participants 2019-01-01 0
Total participants 2019-01-01 0
2018: REED MOTORS, INC 401(K) RETIREMENT PLAN 2018 401k membership
Total participants, beginning-of-year 2018-01-01 204
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 304
Number of other retired or separated participants entitled to future benefits 2018-01-01 37
Total of all active and inactive participants 2018-01-01 341
Total participants 2018-01-01 341
Number of participants with account balances 2018-01-01 195
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-01-01 20
2017: REED MOTORS, INC 401(K) RETIREMENT PLAN 2017 401k membership
Total participants, beginning-of-year 2017-01-01 283
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 219
Number of other retired or separated participants entitled to future benefits 2017-01-01 59
Total of all active and inactive participants 2017-01-01 278
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-01-01 0
Total participants 2017-01-01 278
Number of participants with account balances 2017-01-01 142
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 27
2016: REED MOTORS, INC 401(K) RETIREMENT PLAN 2016 401k membership
Total participants, beginning-of-year 2016-01-01 189
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 213
Number of retired or separated participants receiving benefits 2016-01-01 0
Number of other retired or separated participants entitled to future benefits 2016-01-01 58
Total of all active and inactive participants 2016-01-01 271
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2016-01-01 0
Total participants 2016-01-01 271
Number of participants with account balances 2016-01-01 145
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-01-01 25
2015: REED MOTORS, INC 401(K) RETIREMENT PLAN 2015 401k membership
Total participants, beginning-of-year 2015-01-01 217
Total number of active participants reported on line 7a of the Form 5500 2015-01-01 156
Number of retired or separated participants receiving benefits 2015-01-01 30
Number of other retired or separated participants entitled to future benefits 2015-01-01 0
Total of all active and inactive participants 2015-01-01 186
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2015-01-01 0
Total participants 2015-01-01 186
Number of participants with account balances 2015-01-01 90
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2015-01-01 10
2014: REED MOTORS, INC 401(K) RETIREMENT PLAN 2014 401k membership
Total participants, beginning-of-year 2014-01-01 154
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 174
Number of retired or separated participants receiving benefits 2014-01-01 0
Number of other retired or separated participants entitled to future benefits 2014-01-01 43
Total of all active and inactive participants 2014-01-01 217
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-01-01 0
Total participants 2014-01-01 217
Number of participants with account balances 2014-01-01 88
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 4

Measure	Date	Value
2019: REED MOTORS, INC 401(K) RETIREMENT PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	304
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	0
Total of all active and inactive participants	2019-01-01	0
Total participants	2019-01-01	0
2018: REED MOTORS, INC 401(K) RETIREMENT PLAN 2018 401k membership
Total participants, beginning-of-year	2018-01-01	204
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	304
Number of other retired or separated participants entitled to future benefits	2018-01-01	37
Total of all active and inactive participants	2018-01-01	341
Total participants	2018-01-01	341
Number of participants with account balances	2018-01-01	195
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	20
2017: REED MOTORS, INC 401(K) RETIREMENT PLAN 2017 401k membership
Total participants, beginning-of-year	2017-01-01	283
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	219
Number of other retired or separated participants entitled to future benefits	2017-01-01	59
Total of all active and inactive participants	2017-01-01	278
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	0
Total participants	2017-01-01	278
Number of participants with account balances	2017-01-01	142
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	27
2016: REED MOTORS, INC 401(K) RETIREMENT PLAN 2016 401k membership
Total participants, beginning-of-year	2016-01-01	189
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	213
Number of retired or separated participants receiving benefits	2016-01-01	0
Number of other retired or separated participants entitled to future benefits	2016-01-01	58
Total of all active and inactive participants	2016-01-01	271
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-01-01	0
Total participants	2016-01-01	271
Number of participants with account balances	2016-01-01	145
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-01-01	25
2015: REED MOTORS, INC 401(K) RETIREMENT PLAN 2015 401k membership
Total participants, beginning-of-year	2015-01-01	217
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	156
Number of retired or separated participants receiving benefits	2015-01-01	30
Number of other retired or separated participants entitled to future benefits	2015-01-01	0
Total of all active and inactive participants	2015-01-01	186
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-01-01	0
Total participants	2015-01-01	186
Number of participants with account balances	2015-01-01	90
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-01-01	10
2014: REED MOTORS, INC 401(K) RETIREMENT PLAN 2014 401k membership
Total participants, beginning-of-year	2014-01-01	154
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	174
Number of retired or separated participants receiving benefits	2014-01-01	0
Number of other retired or separated participants entitled to future benefits	2014-01-01	43
Total of all active and inactive participants	2014-01-01	217
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-01-01	0
Total participants	2014-01-01	217
Number of participants with account balances	2014-01-01	88
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	4

Financial Data on REED MOTORS, INC 401(K) RETIREMENT PLAN

Measure	Date	Value
2019 : REED MOTORS, INC 401(K) RETIREMENT PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets	2019-01-04	$0
Total transfer of assets from this plan	2019-01-04	$3,368,995
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-01-04	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-01-04	$0
Total income from all sources (including contributions)	2019-01-04	$35,748
Total loss/gain on sale of assets	2019-01-04	$0
Total of all expenses incurred	2019-01-04	$8,990
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2019-01-04	$0
Value of total corrective distributions	2019-01-04	$498
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2019-01-04	$0
Value of total assets at end of year	2019-01-04	$0
Value of total assets at beginning of year	2019-01-04	$3,342,237
Total of administrative expenses incurred including professional, contract, advisory and management fees	2019-01-04	$8,492
Total interest from all sources	2019-01-04	$111
Total dividends received (eg from common stock, registered investment company shares)	2019-01-04	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2019-01-04	No
Was this plan covered by a fidelity bond	2019-01-04	Yes
Value of fidelity bond cover	2019-01-04	$250,000
If this is an individual account plan, was there a blackout period	2019-01-04	No
Were there any nonexempt tranactions with any party-in-interest	2019-01-04	No
Contributions received from participants	2019-01-04	$0
Participant contributions at end of year	2019-01-04	$0
Participant contributions at beginning of year	2019-01-04	$185,902
Participant contributions at end of year	2019-01-04	$0
Participant contributions at beginning of year	2019-01-04	$11,217
Income. Received or receivable in cash from other sources (including rollovers)	2019-01-04	$0
Administrative expenses (other) incurred	2019-01-04	$8,492
Total non interest bearing cash at end of year	2019-01-04	$0
Total non interest bearing cash at beginning of year	2019-01-04	$19,063
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-01-04	No
Value of net income/loss	2019-01-04	$26,758
Value of net assets at end of year (total assets less liabilities)	2019-01-04	$0
Value of net assets at beginning of year (total assets less liabilities)	2019-01-04	$3,342,237
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2019-01-04	No
Were any loans by the plan or fixed income obligations due to the plan in default	2019-01-04	No
Were any leases to which the plan was party in default or uncollectible	2019-01-04	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2019-01-04	$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2019-01-04	$3,122,063
Interest on participant loans	2019-01-04	$111
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2019-01-04	$35,637
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2019-01-04	No
Was there a failure to transmit to the plan any participant contributions	2019-01-04	No
Has the plan failed to provide any benefit when due under the plan	2019-01-04	No
Contributions received in cash from employer	2019-01-04	$0
Employer contributions (assets) at end of year	2019-01-04	$0
Employer contributions (assets) at beginning of year	2019-01-04	$3,992
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2019-01-04	$0
Did the plan have assets held for investment	2019-01-04	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	2019-01-04	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2019-01-04	Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2019-01-04	Yes
Opinion of an independent qualified public accountant for this plan	2019-01-04	Disclaimer
Accountancy firm name	2019-01-04	WOODWARD & ASSOCIATES, INC
Accountancy firm EIN	2019-01-04	371378349
2018 : REED MOTORS, INC 401(K) RETIREMENT PLAN 2018 401k financial data
Total unrealized appreciation/depreciation of assets	2018-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2018-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2018-12-31	$187
Total income from all sources (including contributions)	2018-12-31	$335,524
Total loss/gain on sale of assets	2018-12-31	$0
Total of all expenses incurred	2018-12-31	$476,635
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2018-12-31	$311,377
Expenses. Certain deemed distributions of participant loans	2018-12-31	$2,952
Value of total corrective distributions	2018-12-31	$120,538
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2018-12-31	$561,386
Value of total assets at end of year	2018-12-31	$3,342,237
Value of total assets at beginning of year	2018-12-31	$3,483,535
Total of administrative expenses incurred including professional, contract, advisory and management fees	2018-12-31	$41,768
Total interest from all sources	2018-12-31	$9,310
Total dividends received (eg from common stock, registered investment company shares)	2018-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2018-12-31	No
Was this plan covered by a fidelity bond	2018-12-31	Yes
Value of fidelity bond cover	2018-12-31	$250,000
If this is an individual account plan, was there a blackout period	2018-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2018-12-31	No
Contributions received from participants	2018-12-31	$351,420
Participant contributions at end of year	2018-12-31	$185,902
Participant contributions at beginning of year	2018-12-31	$157,913
Participant contributions at end of year	2018-12-31	$11,217
Income. Received or receivable in cash from other sources (including rollovers)	2018-12-31	$59,290
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2018-12-31	$187
Administrative expenses (other) incurred	2018-12-31	$41,768
Total non interest bearing cash at end of year	2018-12-31	$19,063
Total non interest bearing cash at beginning of year	2018-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2018-12-31	No
Value of net income/loss	2018-12-31	$-141,111
Value of net assets at end of year (total assets less liabilities)	2018-12-31	$3,342,237
Value of net assets at beginning of year (total assets less liabilities)	2018-12-31	$3,483,348
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2018-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2018-12-31	No
Were any leases to which the plan was party in default or uncollectible	2018-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2018-12-31	$3,122,063
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2018-12-31	$3,325,622
Interest on participant loans	2018-12-31	$9,310
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2018-12-31	$-235,172
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2018-12-31	No
Was there a failure to transmit to the plan any participant contributions	2018-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2018-12-31	No
Contributions received in cash from employer	2018-12-31	$150,676
Employer contributions (assets) at end of year	2018-12-31	$3,992
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2018-12-31	$311,377
Did the plan have assets held for investment	2018-12-31	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	2018-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2018-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2018-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2018-12-31	Disclaimer
Accountancy firm name	2018-12-31	WOODWARD & ASSOCIATES, INC
Accountancy firm EIN	2018-12-31	371378349
2017 : REED MOTORS, INC 401(K) RETIREMENT PLAN 2017 401k financial data
Total unrealized appreciation/depreciation of assets	2017-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2017-12-31	$187
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2017-12-31	$0
Total income from all sources (including contributions)	2017-12-31	$1,163,122
Total loss/gain on sale of assets	2017-12-31	$0
Total of all expenses incurred	2017-12-31	$744,226
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2017-12-31	$598,702
Expenses. Certain deemed distributions of participant loans	2017-12-31	$5,391
Value of total corrective distributions	2017-12-31	$111,490
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2017-12-31	$616,482
Value of total assets at end of year	2017-12-31	$3,483,535
Value of total assets at beginning of year	2017-12-31	$3,064,452
Total of administrative expenses incurred including professional, contract, advisory and management fees	2017-12-31	$28,643
Total interest from all sources	2017-12-31	$5,392
Total dividends received (eg from common stock, registered investment company shares)	2017-12-31	$15,241
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2017-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2017-12-31	$15,241
Was this plan covered by a fidelity bond	2017-12-31	Yes
Value of fidelity bond cover	2017-12-31	$250,000
If this is an individual account plan, was there a blackout period	2017-12-31	Yes
Were there any nonexempt tranactions with any party-in-interest	2017-12-31	No
Contributions received from participants	2017-12-31	$460,891
Participant contributions at end of year	2017-12-31	$157,913
Participant contributions at beginning of year	2017-12-31	$123,676
Income. Received or receivable in cash from other sources (including rollovers)	2017-12-31	$8,071
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2017-12-31	$187
Administrative expenses (other) incurred	2017-12-31	$28,643
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2017-12-31	No
Value of net income/loss	2017-12-31	$418,896
Value of net assets at end of year (total assets less liabilities)	2017-12-31	$3,483,348
Value of net assets at beginning of year (total assets less liabilities)	2017-12-31	$3,064,452
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2017-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2017-12-31	No
Were any leases to which the plan was party in default or uncollectible	2017-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2017-12-31	$3,325,622
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2017-12-31	$2,891,618
Value of interest in pooled separate accounts at beginning of year	2017-12-31	$49,158
Interest on participant loans	2017-12-31	$5,392
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2017-12-31	$526,007
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2017-12-31	No
Was there a failure to transmit to the plan any participant contributions	2017-12-31	No
Has the plan failed to provide any benefit when due under the plan	2017-12-31	No
Contributions received in cash from employer	2017-12-31	$147,520
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2017-12-31	$598,702
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2017-12-31	Yes
Did the plan have assets held for investment	2017-12-31	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	2017-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2017-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2017-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2017-12-31	Disclaimer
Accountancy firm name	2017-12-31	WOODWARD & ASSOCIATES, INC.
Accountancy firm EIN	2017-12-31	371378349
2016 : REED MOTORS, INC 401(K) RETIREMENT PLAN 2016 401k financial data
Total unrealized appreciation/depreciation of assets	2016-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2016-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2016-12-31	$0
Total income from all sources (including contributions)	2016-12-31	$870,353
Total loss/gain on sale of assets	2016-12-31	$0
Total of all expenses incurred	2016-12-31	$190,696
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2016-12-31	$154,682
Expenses. Certain deemed distributions of participant loans	2016-12-31	$7,637
Value of total corrective distributions	2016-12-31	$4,440
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2016-12-31	$581,148
Value of total assets at end of year	2016-12-31	$3,064,452
Value of total assets at beginning of year	2016-12-31	$2,384,795
Total of administrative expenses incurred including professional, contract, advisory and management fees	2016-12-31	$23,937
Total interest from all sources	2016-12-31	$4,194
Total dividends received (eg from common stock, registered investment company shares)	2016-12-31	$98,850
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2016-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2016-12-31	$98,850
Was this plan covered by a fidelity bond	2016-12-31	Yes
Value of fidelity bond cover	2016-12-31	$250,000
If this is an individual account plan, was there a blackout period	2016-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2016-12-31	No
Contributions received from participants	2016-12-31	$439,868
Participant contributions at end of year	2016-12-31	$123,676
Participant contributions at beginning of year	2016-12-31	$66,265
Income. Received or receivable in cash from other sources (including rollovers)	2016-12-31	$19,178
Administrative expenses (other) incurred	2016-12-31	$23,937
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2016-12-31	No
Value of net income/loss	2016-12-31	$679,657
Value of net assets at end of year (total assets less liabilities)	2016-12-31	$3,064,452
Value of net assets at beginning of year (total assets less liabilities)	2016-12-31	$2,384,795
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2016-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2016-12-31	No
Were any leases to which the plan was party in default or uncollectible	2016-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2016-12-31	$2,891,618
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2016-12-31	$2,267,607
Value of interest in pooled separate accounts at end of year	2016-12-31	$49,158
Value of interest in pooled separate accounts at beginning of year	2016-12-31	$50,923
Interest on participant loans	2016-12-31	$4,194
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2016-12-31	$185,558
Net investment gain/loss from pooled separate accounts	2016-12-31	$603
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2016-12-31	No
Was there a failure to transmit to the plan any participant contributions	2016-12-31	No
Has the plan failed to provide any benefit when due under the plan	2016-12-31	No
Contributions received in cash from employer	2016-12-31	$122,102
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2016-12-31	$154,682
Did the plan have assets held for investment	2016-12-31	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	2016-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2016-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2016-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2016-12-31	Disclaimer
Accountancy firm name	2016-12-31	VESTAL AND WILER
Accountancy firm EIN	2016-12-31	593198021
2015 : REED MOTORS, INC 401(K) RETIREMENT PLAN 2015 401k financial data
Total unrealized appreciation/depreciation of assets	2015-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2015-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2015-12-31	$0
Total income from all sources (including contributions)	2015-12-31	$323,613
Total loss/gain on sale of assets	2015-12-31	$0
Total of all expenses incurred	2015-12-31	$535,921
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2015-12-31	$520,014
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2015-12-31	$372,561
Value of total assets at end of year	2015-12-31	$2,384,795
Value of total assets at beginning of year	2015-12-31	$2,597,103
Total of administrative expenses incurred including professional, contract, advisory and management fees	2015-12-31	$15,907
Total interest from all sources	2015-12-31	$2,181
Total dividends received (eg from common stock, registered investment company shares)	2015-12-31	$123,838
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2015-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2015-12-31	$123,838
Was this plan covered by a fidelity bond	2015-12-31	Yes
Value of fidelity bond cover	2015-12-31	$250,000
If this is an individual account plan, was there a blackout period	2015-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2015-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2015-12-31	No
Contributions received from participants	2015-12-31	$283,156
Participant contributions at end of year	2015-12-31	$66,265
Participant contributions at beginning of year	2015-12-31	$63,539
Administrative expenses (other) incurred	2015-12-31	$15,907
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2015-12-31	No
Value of net income/loss	2015-12-31	$-212,308
Value of net assets at end of year (total assets less liabilities)	2015-12-31	$2,384,795
Value of net assets at beginning of year (total assets less liabilities)	2015-12-31	$2,597,103
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2015-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2015-12-31	No
Were any leases to which the plan was party in default or uncollectible	2015-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2015-12-31	$2,267,607
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2015-12-31	$2,135,610
Value of interest in pooled separate accounts at end of year	2015-12-31	$50,923
Value of interest in pooled separate accounts at beginning of year	2015-12-31	$0
Interest on participant loans	2015-12-31	$2,181
Value of interest in common/collective trusts at end of year	2015-12-31	$0
Value of interest in common/collective trusts at beginning of year	2015-12-31	$397,954
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2015-12-31	$-181,852
Net investment gain/loss from pooled separate accounts	2015-12-31	$6,885
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2015-12-31	No
Was there a failure to transmit to the plan any participant contributions	2015-12-31	No
Has the plan failed to provide any benefit when due under the plan	2015-12-31	No
Contributions received in cash from employer	2015-12-31	$89,405
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2015-12-31	$520,014
Did the plan have assets held for investment	2015-12-31	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	2015-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2015-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2015-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2015-12-31	Disclaimer
Accountancy firm name	2015-12-31	VESTAL AND WILER
Accountancy firm EIN	2015-12-31	593198021
2014 : REED MOTORS, INC 401(K) RETIREMENT PLAN 2014 401k financial data
Total unrealized appreciation/depreciation of assets	2014-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2014-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2014-12-31	$0
Total income from all sources (including contributions)	2014-12-31	$576,052
Total loss/gain on sale of assets	2014-12-31	$0
Total of all expenses incurred	2014-12-31	$239,741
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2014-12-31	$220,536
Value of total corrective distributions	2014-12-31	$13,127
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2014-12-31	$395,137
Value of total assets at end of year	2014-12-31	$2,597,103
Value of total assets at beginning of year	2014-12-31	$2,260,792
Total of administrative expenses incurred including professional, contract, advisory and management fees	2014-12-31	$6,078
Total interest from all sources	2014-12-31	$2,357
Total dividends received (eg from common stock, registered investment company shares)	2014-12-31	$33,548
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2014-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2014-12-31	$33,548
Was this plan covered by a fidelity bond	2014-12-31	Yes
Value of fidelity bond cover	2014-12-31	$250,000
If this is an individual account plan, was there a blackout period	2014-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2014-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2014-12-31	No
Contributions received from participants	2014-12-31	$249,632
Participant contributions at end of year	2014-12-31	$63,539
Participant contributions at beginning of year	2014-12-31	$48,819
Income. Received or receivable in cash from other sources (including rollovers)	2014-12-31	$55,953
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2014-12-31	No
Value of net income/loss	2014-12-31	$336,311
Value of net assets at end of year (total assets less liabilities)	2014-12-31	$2,597,103
Value of net assets at beginning of year (total assets less liabilities)	2014-12-31	$2,260,792
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2014-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2014-12-31	No
Were any leases to which the plan was party in default or uncollectible	2014-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2014-12-31	$2,135,610
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2014-12-31	$1,784,553
Interest on participant loans	2014-12-31	$2,357
Value of interest in common/collective trusts at end of year	2014-12-31	$397,954
Value of interest in common/collective trusts at beginning of year	2014-12-31	$427,420
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2014-12-31	$141,419
Net investment gain or loss from common/collective trusts	2014-12-31	$3,591
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2014-12-31	No
Was there a failure to transmit to the plan any participant contributions	2014-12-31	No
Has the plan failed to provide any benefit when due under the plan	2014-12-31	No
Contributions received in cash from employer	2014-12-31	$89,552
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2014-12-31	$220,536
Contract administrator fees	2014-12-31	$6,078
Did the plan have assets held for investment	2014-12-31	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	2014-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2014-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2014-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2014-12-31	Disclaimer
Accountancy firm name	2014-12-31	VESTAL AND WILER
Accountancy firm EIN	2014-12-31	593198021

Form 5500 Responses for REED MOTORS, INC 401(K) RETIREMENT PLAN

2019: REED MOTORS, INC 401(K) RETIREMENT PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	No
2019-01-01	This submission is the final filing	Yes
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	Yes
2019-01-01	Plan is a collectively bargained plan	No
2019-01-01	Plan funding arrangement – Insurance	Yes
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: REED MOTORS, INC 401(K) RETIREMENT PLAN 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	Submission has been amended	No
2018-01-01	This submission is the final filing	No
2018-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2018-01-01	Plan is a collectively bargained plan	No
2018-01-01	Plan funding arrangement – Insurance	Yes
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement – Insurance	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes
2017: REED MOTORS, INC 401(K) RETIREMENT PLAN 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Submission has been amended	No
2017-01-01	This submission is the final filing	No
2017-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2017-01-01	Plan is a collectively bargained plan	No
2017-01-01	Plan funding arrangement – Insurance	Yes
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement – Insurance	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes
2016: REED MOTORS, INC 401(K) RETIREMENT PLAN 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	Submission has been amended	Yes
2016-01-01	This submission is the final filing	No
2016-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2016-01-01	Plan is a collectively bargained plan	No
2016-01-01	Plan funding arrangement – Insurance	Yes
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement – Insurance	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes
2015: REED MOTORS, INC 401(K) RETIREMENT PLAN 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	Submission has been amended	No
2015-01-01	This submission is the final filing	No
2015-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2015-01-01	Plan is a collectively bargained plan	No
2015-01-01	Plan funding arrangement – Insurance	Yes
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes
2014: REED MOTORS, INC 401(K) RETIREMENT PLAN 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Submission has been amended	Yes
2014-01-01	This submission is the final filing	No
2014-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2014-01-01	Plan is a collectively bargained plan	No
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )

Policy contract number

Policy instance

Number of Individuals Covered	304
Insurance policy start date	2018-01-01
Insurance policy end date	2018-12-31
Total amount of fees paid to insurance company	USD $21,614
Are there contracts with allocated funds for individual policies?	0
Are there contracts with allocated funds for group deferred annuity?	No
Are there contracts with allocated funds for types other than group deferred annuity or individual?	No
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	No
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Amount paid for insurance broker fees	14234
Additional information about fees paid to insurance broker	BROKER COMMISSION
Insurance broker organization code?	3

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )

Policy contract number

Policy instance

Number of Individuals Covered	204
Insurance policy start date	2017-05-02
Insurance policy end date	2017-12-31
Total amount of commissions paid to insurance broker	USD $0
Total amount of fees paid to insurance company	USD $53,934
Are there contracts with allocated funds for individual policies?	0
Are there contracts with allocated funds for group deferred annuity?	No
Are there contracts with allocated funds for types other than group deferred annuity or individual?	No
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
Amount paid for insurance broker fees	40716
Additional information about fees paid to insurance broker	BROKER COMISSION
Insurance broker organization code?	3
Insurance broker name	CARPENTER MORSE GROUP

NEW YORK LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66915 )

Policy contract number

GA32001

Policy instance

Insurance contract or identification number	GA32001
Number of Individuals Covered	15
Insurance policy start date	2015-01-01
Insurance policy end date	2015-12-31
Total amount of commissions paid to insurance broker	USD $0
Total amount of fees paid to insurance company	USD $0
Are there contracts with allocated funds for individual policies?	No
Are there contracts with allocated funds for group deferred annuity?	No
Are there contracts with allocated funds for types other than group deferred annuity or individual?	No
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	No
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

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Company Name:	REED MOTORS, INC
Employer identification number (EIN):	590607019
NAIC Classification:	441110
NAIC Description:	New Car Dealers

Jurisdiction of Incorporation:	Florida Department of State Division of Corporations
Incorporation Date:	1950-01-31
Company Identification Number:	160391
Legal Registered Office Address:	3776 W COLONIAL DR ORLANDO 32808