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CHACON AUTOS, LTD. 401(K) PLAN 401k Plan overview

Plan NameCHACON AUTOS, LTD. 401(K) PLAN
Plan identification number 001

CHACON AUTOS, LTD. 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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

CHACON AUTOS, LTD. has sponsored the creation of one or more 401k plans.

Company Name:CHACON AUTOS, LTD.
Employer identification number (EIN):752439544
NAIC Classification:441120
NAIC Description:Used Car Dealers

Additional information about CHACON AUTOS, LTD.

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 1992-08-25
Company Identification Number: 0006505510
Legal Registered Office Address: 11800 E NORTHWEST HWY

DALLAS
United States of America (USA)
75218

More information about CHACON AUTOS, LTD.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CHACON AUTOS, LTD. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012015-01-01CHAD LANCASTER CHAD LANCASTER2016-10-14
0012014-01-01CHAD LANCASTER CHAD LANCASTER2015-10-27
0012013-01-01ROCK MUSICK ROCK MUSICK2014-09-16
0012012-08-01ROCK MUSICK ROCK MUSICK2013-07-24

Financial Data on CHACON AUTOS, LTD. 401(K) PLAN

Measure Date Value
2015 : CHACON AUTOS, LTD. 401(K) PLAN 2015 401k financial data
Total income from all sources (including contributions)2015-12-31$61,676
Total of all expenses incurred2015-12-31$255,285
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$253,642
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$66,981
Value of total assets at end of year2015-12-31$0
Value of total assets at beginning of year2015-12-31$193,609
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$1,643
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2015-12-31$0
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$25,000
If this is an individual account plan, was there a blackout period2015-12-31No
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$66,981
Administrative expenses (other) incurred2015-12-31$8
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$-193,609
Value of net assets at end of year (total assets less liabilities)2015-12-31$0
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$193,609
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$193,609
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-5,305
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$253,642
Contract administrator fees2015-12-31$1,635
Did the plan have assets held for investment2015-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31WHITLEY PENN LLP
Accountancy firm EIN2015-12-31752393478
2014 : CHACON AUTOS, LTD. 401(K) PLAN 2014 401k financial data
Total income from all sources (including contributions)2014-12-31$81,644
Total of all expenses incurred2014-12-31$19,309
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$17,988
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$74,521
Value of total assets at end of year2014-12-31$193,609
Value of total assets at beginning of year2014-12-31$131,274
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$1,321
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$25,000
If this is an individual account plan, was there a blackout period2014-12-31No
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Contributions received from participants2014-12-31$74,521
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$62,335
Value of net assets at end of year (total assets less liabilities)2014-12-31$193,609
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$131,274
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$193,609
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$131,274
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$7,123
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$17,988
Contract administrator fees2014-12-31$1,321
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31Yes
Opinion of an independent qualified public accountant for this plan2014-12-31Disclaimer
Accountancy firm name2014-12-31WHITLEY PENN, LLP
Accountancy firm EIN2014-12-31752393478
2013 : CHACON AUTOS, LTD. 401(K) PLAN 2013 401k financial data
Total income from all sources (including contributions)2013-12-31$95,479
Total of all expenses incurred2013-12-31$1,514
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$840
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$81,627
Value of total assets at end of year2013-12-31$131,274
Value of total assets at beginning of year2013-12-31$37,309
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$674
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$10,000
If this is an individual account plan, was there a blackout period2013-12-31No
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Contributions received from participants2013-12-31$81,627
Administrative expenses (other) incurred2013-12-31$674
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$93,965
Value of net assets at end of year (total assets less liabilities)2013-12-31$131,274
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$37,309
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Value of interest in pooled separate accounts at end of year2013-12-31$131,274
Value of interest in pooled separate accounts at beginning of year2013-12-31$37,309
Net investment gain/loss from pooled separate accounts2013-12-31$13,852
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31No
Was there a failure to transmit to the plan any participant contributions2013-12-31No
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$840
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31Yes
Opinion of an independent qualified public accountant for this plan2013-12-31Disclaimer
Accountancy firm name2013-12-31MALNORY MCNEAL & CO.
Accountancy firm EIN2013-12-31752510320
2012 : CHACON AUTOS, LTD. 401(K) PLAN 2012 401k financial data
Total income from all sources (including contributions)2012-12-31$37,362
Total of all expenses incurred2012-12-31$53
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$36,540
Value of total assets at end of year2012-12-31$37,309
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$53
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$10,000
If this is an individual account plan, was there a blackout period2012-12-31No
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$36,540
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$37,309
Value of net assets at end of year (total assets less liabilities)2012-12-31$37,309
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$37,309
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$822
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Contract administrator fees2012-12-31$53
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No

Form 5500 Responses for CHACON AUTOS, LTD. 401(K) PLAN

2015: CHACON AUTOS, LTD. 401(K) PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingYes
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – InsuranceYes
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement – InsuranceYes
2015-01-01Plan benefit arrangement - TrustYes
2014: CHACON AUTOS, LTD. 401(K) PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – InsuranceYes
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement – InsuranceYes
2014-01-01Plan benefit arrangement - TrustYes
2013: CHACON AUTOS, LTD. 401(K) PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – InsuranceYes
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement – InsuranceYes
2013-01-01Plan benefit arrangement - TrustYes
2012: CHACON AUTOS, LTD. 401(K) PLAN 2012 form 5500 responses
2012-08-01Type of plan entitySingle employer plan
2012-08-01First time form 5500 has been submittedYes
2012-08-01Submission has been amendedNo
2012-08-01This submission is the final filingNo
2012-08-01This return/report is a short plan year return/report (less than 12 months)Yes
2012-08-01Plan is a collectively bargained planNo
2012-08-01Plan funding arrangement – InsuranceYes
2012-08-01Plan funding arrangement – TrustYes
2012-08-01Plan benefit arrangement – InsuranceYes
2012-08-01Plan benefit arrangement - TrustYes

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