401k Plan data: LAM AUTO SALES DEFINED BENEFIT PLAN plan

LAM AUTO SALES DEFINED BENEFIT PLAN 401k Plan overview

Plan Name	LAM AUTO SALES DEFINED BENEFIT PLAN
Plan identification number	001

LAM AUTO SALES DEFINED BENEFIT PLAN Benefits

401k Plan Type	Defined Benefit Pension
Plan Features/Benefits	Benefits are primarily pay related 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

LAM AUTO SALES, INC. has sponsored the creation of one or more 401k plans.

Company Name: LAM AUTO SALES, INC.

Employer identification number (EIN): 593176288

NAIC Classification: 441120
NAIC Description: Used Car Dealers

Additional information about LAM AUTO SALES, INC.

Jurisdiction of Incorporation: Florida Department of State Division of Corporations

Incorporation Date: 1992-11-20

Company Identification Number: P92000007256

Legal Registered Office Address: 8190 66TH ST. N.

PINELLAS PARK

33781

More information about LAM AUTO SALES, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan LAM AUTO SALES DEFINED BENEFIT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2019-01-01 TIEN T. LAM 2020-10-15 TIEN T. LAM 2020-10-15
001 2018-01-01 TIEN T. LAM 2019-10-15 TIEN T. LAM 2019-10-15
001 2017-01-01 TIEN T. LAM 2018-10-15 TIEN T. LAM 2018-10-15

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2019-01-01	TIEN T. LAM	2020-10-15	TIEN T. LAM	2020-10-15
001	2018-01-01	TIEN T. LAM	2019-10-15	TIEN T. LAM	2019-10-15
001	2017-01-01	TIEN T. LAM	2018-10-15	TIEN T. LAM	2018-10-15

Plan Statistics for LAM AUTO SALES DEFINED BENEFIT PLAN

401k plan membership statisitcs for LAM AUTO SALES DEFINED BENEFIT PLAN

Measure Date Value
2019: LAM AUTO SALES DEFINED BENEFIT PLAN 2019 401k membership
Market value of plan assets 2019-12-31 541,111
Acturial value of plan assets 2019-12-31 541,111
Funding target for retired participants and beneficiaries receiving payment 2019-12-31 0
Number of terminated vested participants 2019-12-31 0
Fundng target for terminated vested participants 2019-12-31 0
Active participant vested funding target 2019-12-31 335,033
Number of active participants 2019-12-31 2
Total funding liabilities for active participants 2019-12-31 335,033
Total participant count 2019-12-31 2
Total funding target for all participants 2019-12-31 335,033
Balance at beginning of prior year after applicable adjustments 2019-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2019-12-31 45,712
Carryover balanced portion elected for use to offset prior years funding requirement 2019-12-31 0
Prefunding balanced used to offset prior years funding requirement 2019-12-31 0
Amount remaining of carryover balance 2019-12-31 0
Amount remaining of prefunding balance 2019-12-31 45,712
Present value of excess contributions 2019-12-31 109,637
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2019-12-31 113,935
Balance of carryovers at beginning of current year 2019-12-31 0
Balance of prefunding at beginning of current year 2019-12-31 46,480
Total employer contributions 2019-12-31 0
Total employee contributions 2019-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2019-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2019-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2019-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2019-12-31 0
Remaining amount of unpaid minimum required contributions 2019-12-31 0
Minimum required contributions for current year target normal cost 2019-12-31 47,862
Total funding amount beforereflecting carryover/prefunding balances 2019-12-31 0
Additional cash requirement 2019-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2019-12-31 0
Unpaid minimum required contributions for current year 2019-12-31 0
Unpaid minimum required contributions for all years 2019-12-31 0
2018: LAM AUTO SALES DEFINED BENEFIT PLAN 2018 401k membership
Market value of plan assets 2018-12-31 418,583
Acturial value of plan assets 2018-12-31 418,583
Funding target for retired participants and beneficiaries receiving payment 2018-12-31 0
Number of terminated vested participants 2018-12-31 0
Fundng target for terminated vested participants 2018-12-31 0
Active participant vested funding target 2018-12-31 276,287
Number of active participants 2018-12-31 2
Total funding liabilities for active participants 2018-12-31 276,287
Total participant count 2018-12-31 2
Total funding target for all participants 2018-12-31 276,287
Balance at beginning of prior year after applicable adjustments 2018-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2018-12-31 45,050
Carryover balanced portion elected for use to offset prior years funding requirement 2018-12-31 0
Prefunding balanced used to offset prior years funding requirement 2018-12-31 0
Amount remaining of carryover balance 2018-12-31 0
Amount remaining of prefunding balance 2018-12-31 45,050
Present value of excess contributions 2018-12-31 86,769
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2018-12-31 90,379
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2018-12-31 0
Reductions in caryover balances due to elections or deemed elections 2018-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2018-12-31 0
Balance of carryovers at beginning of current year 2018-12-31 0
Balance of prefunding at beginning of current year 2018-12-31 45,712
Total employer contributions 2018-12-31 117,000
Total employee contributions 2018-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2018-12-31 109,637
Remaining amount of unpaid minimum required contributions 2018-12-31 0
Minimum required contributions for current year target normal cost 2018-12-31 46,048
Net shortfall amortization installment of oustanding balance 2018-12-31 0
Waiver amortization installment 2018-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2018-12-31 0
Carryover balance elected to use to offset funding requirement 2018-12-31 0
Prefunding balance elected to use to offset funding requirement 2018-12-31 0
Additional cash requirement 2018-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2018-12-31 109,637
Unpaid minimum required contributions for current year 2018-12-31 0
Unpaid minimum required contributions for all years 2018-12-31 0
2017: LAM AUTO SALES DEFINED BENEFIT PLAN 2017 401k membership
Market value of plan assets 2017-12-31 321,117
Acturial value of plan assets 2017-12-31 321,117
Funding target for retired participants and beneficiaries receiving payment 2017-12-31 0
Number of terminated vested participants 2017-12-31 0
Fundng target for terminated vested participants 2017-12-31 0
Active participant vested funding target 2017-12-31 213,219
Number of active participants 2017-12-31 2
Total funding liabilities for active participants 2017-12-31 213,219
Total participant count 2017-12-31 2
Total funding target for all participants 2017-12-31 213,219
Balance at beginning of prior year after applicable adjustments 2017-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2017-12-31 44,371
Carryover balanced portion elected for use to offset prior years funding requirement 2017-12-31 0
Prefunding balanced used to offset prior years funding requirement 2017-12-31 0
Amount remaining of carryover balance 2017-12-31 0
Amount remaining of prefunding balance 2017-12-31 44,371
Present value of excess contributions 2017-12-31 71,644
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2017-12-31 75,878
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2017-12-31 0
Balance of carryovers at beginning of current year 2017-12-31 0
Balance of prefunding at beginning of current year 2017-12-31 45,050
Total employer contributions 2017-12-31 93,000
Total employee contributions 2017-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2017-12-31 86,769
Remaining amount of unpaid minimum required contributions 2017-12-31 0
Minimum required contributions for current year target normal cost 2017-12-31 42,644
Total funding amount beforereflecting carryover/prefunding balances 2017-12-31 0
Additional cash requirement 2017-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2017-12-31 86,769
Unpaid minimum required contributions for current year 2017-12-31 0
Unpaid minimum required contributions for all years 2017-12-31 0

Measure	Date	Value
2019: LAM AUTO SALES DEFINED BENEFIT PLAN 2019 401k membership
Market value of plan assets	2019-12-31	541,111
Acturial value of plan assets	2019-12-31	541,111
Funding target for retired participants and beneficiaries receiving payment	2019-12-31	0
Number of terminated vested participants	2019-12-31	0
Fundng target for terminated vested participants	2019-12-31	0
Active participant vested funding target	2019-12-31	335,033
Number of active participants	2019-12-31	2
Total funding liabilities for active participants	2019-12-31	335,033
Total participant count	2019-12-31	2
Total funding target for all participants	2019-12-31	335,033
Balance at beginning of prior year after applicable adjustments	2019-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2019-12-31	45,712
Carryover balanced portion elected for use to offset prior years funding requirement	2019-12-31	0
Prefunding balanced used to offset prior years funding requirement	2019-12-31	0
Amount remaining of carryover balance	2019-12-31	0
Amount remaining of prefunding balance	2019-12-31	45,712
Present value of excess contributions	2019-12-31	109,637
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2019-12-31	113,935
Balance of carryovers at beginning of current year	2019-12-31	0
Balance of prefunding at beginning of current year	2019-12-31	46,480
Total employer contributions	2019-12-31	0
Total employee contributions	2019-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2019-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2019-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2019-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2019-12-31	0
Remaining amount of unpaid minimum required contributions	2019-12-31	0
Minimum required contributions for current year target normal cost	2019-12-31	47,862
Total funding amount beforereflecting carryover/prefunding balances	2019-12-31	0
Additional cash requirement	2019-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2019-12-31	0
Unpaid minimum required contributions for current year	2019-12-31	0
Unpaid minimum required contributions for all years	2019-12-31	0
2018: LAM AUTO SALES DEFINED BENEFIT PLAN 2018 401k membership
Market value of plan assets	2018-12-31	418,583
Acturial value of plan assets	2018-12-31	418,583
Funding target for retired participants and beneficiaries receiving payment	2018-12-31	0
Number of terminated vested participants	2018-12-31	0
Fundng target for terminated vested participants	2018-12-31	0
Active participant vested funding target	2018-12-31	276,287
Number of active participants	2018-12-31	2
Total funding liabilities for active participants	2018-12-31	276,287
Total participant count	2018-12-31	2
Total funding target for all participants	2018-12-31	276,287
Balance at beginning of prior year after applicable adjustments	2018-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2018-12-31	45,050
Carryover balanced portion elected for use to offset prior years funding requirement	2018-12-31	0
Prefunding balanced used to offset prior years funding requirement	2018-12-31	0
Amount remaining of carryover balance	2018-12-31	0
Amount remaining of prefunding balance	2018-12-31	45,050
Present value of excess contributions	2018-12-31	86,769
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-12-31	90,379
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2018-12-31	0
Reductions in caryover balances due to elections or deemed elections	2018-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2018-12-31	0
Balance of carryovers at beginning of current year	2018-12-31	0
Balance of prefunding at beginning of current year	2018-12-31	45,712
Total employer contributions	2018-12-31	117,000
Total employee contributions	2018-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2018-12-31	109,637
Remaining amount of unpaid minimum required contributions	2018-12-31	0
Minimum required contributions for current year target normal cost	2018-12-31	46,048
Net shortfall amortization installment of oustanding balance	2018-12-31	0
Waiver amortization installment	2018-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2018-12-31	0
Carryover balance elected to use to offset funding requirement	2018-12-31	0
Prefunding balance elected to use to offset funding requirement	2018-12-31	0
Additional cash requirement	2018-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2018-12-31	109,637
Unpaid minimum required contributions for current year	2018-12-31	0
Unpaid minimum required contributions for all years	2018-12-31	0
2017: LAM AUTO SALES DEFINED BENEFIT PLAN 2017 401k membership
Market value of plan assets	2017-12-31	321,117
Acturial value of plan assets	2017-12-31	321,117
Funding target for retired participants and beneficiaries receiving payment	2017-12-31	0
Number of terminated vested participants	2017-12-31	0
Fundng target for terminated vested participants	2017-12-31	0
Active participant vested funding target	2017-12-31	213,219
Number of active participants	2017-12-31	2
Total funding liabilities for active participants	2017-12-31	213,219
Total participant count	2017-12-31	2
Total funding target for all participants	2017-12-31	213,219
Balance at beginning of prior year after applicable adjustments	2017-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2017-12-31	44,371
Carryover balanced portion elected for use to offset prior years funding requirement	2017-12-31	0
Prefunding balanced used to offset prior years funding requirement	2017-12-31	0
Amount remaining of carryover balance	2017-12-31	0
Amount remaining of prefunding balance	2017-12-31	44,371
Present value of excess contributions	2017-12-31	71,644
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-12-31	75,878
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2017-12-31	0
Balance of carryovers at beginning of current year	2017-12-31	0
Balance of prefunding at beginning of current year	2017-12-31	45,050
Total employer contributions	2017-12-31	93,000
Total employee contributions	2017-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2017-12-31	86,769
Remaining amount of unpaid minimum required contributions	2017-12-31	0
Minimum required contributions for current year target normal cost	2017-12-31	42,644
Total funding amount beforereflecting carryover/prefunding balances	2017-12-31	0
Additional cash requirement	2017-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2017-12-31	86,769
Unpaid minimum required contributions for current year	2017-12-31	0
Unpaid minimum required contributions for all years	2017-12-31	0

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Company Name:	LAM AUTO SALES, INC.
Employer identification number (EIN):	593176288
NAIC Classification:	441120
NAIC Description:	Used Car Dealers

Jurisdiction of Incorporation:	Florida Department of State Division of Corporations
Incorporation Date:	1992-11-20
Company Identification Number:	P92000007256
Legal Registered Office Address:	8190 66TH ST. N. PINELLAS PARK 33781