| Plan Name | CASITA 401(K) PLAN |
| Plan identification number | 002 |
| 401k Plan Type | Defined Contribution Pension |
| Plan Features/Benefits |
|
| Company Name: | LA CASITA USED CARS, INC. |
| Employer identification number (EIN): | 830792243 |
| NAIC Classification: | 441110 |
| NAIC Description: | New Car Dealers |
Additional information about LA CASITA USED CARS, INC.
| Jurisdiction of Incorporation: | Texas Secretary of State |
| Incorporation Date: | 2018-06-11 |
| Company Identification Number: | 0803041299 |
| Legal Registered Office Address: |
5815 MONTANA AVE ATTN: JESSE MOLINA EL PASO United States of America (USA) 79925 |
More information about LA CASITA USED CARS, INC.
| Plan id# | Filing Submission Date | Name of Administrator | Date Administrator Signed | Name of Company Sponsor | Date Sponsor Signed |
|---|---|---|---|---|---|
| 002 | 2021-01-01 | SUSAN HARGROVE | 2022-01-25 | ||
| 002 | 2020-01-01 | SUSAN HARGROVE | 2021-06-17 | ||
| 002 | 2019-01-01 |
| Measure | Date | Value |
|---|---|---|
| 2022 : CASITA 401(K) PLAN 2022 401k financial data | ||
| Total transfers to/from plan in this plan year | 2022-01-25 | -177365 |
| Total expenses incurred by plan in this plan year | 2022-01-25 | 2795 |
| Net assets as of the end of the plan year | 2022-01-25 | 0 |
| Total assets as of the beginning of the plan year | 2022-01-25 | 154317 |
| Value of plan covered by a fidelity bond | 2022-01-25 | 1000000 |
| Participant contributions to plan in this plan year | 2022-01-25 | 12090 |
| Value of participant loans at end of plan year | 2022-01-25 | 0 |
| Other income to plan in this plan year | 2022-01-25 | 10729 |
| Plan net income in this plan year | 2022-01-25 | 23048 |
| Net assets as of the end of the plan year | 2022-01-25 | 0 |
| Net assets as of the beginning of the plan year | 2022-01-25 | 154317 |
| Employer contributions to plan in this plan year | 2022-01-25 | 3024 |
| Fees paid to broker by Benefit Provider | 2022-01-25 | 40 |
| Expensese paid to adminstrative service provicers from plan in this plan year | 2022-01-25 | 1545 |
| 2019 : CASITA 401(K) PLAN 2019 401k financial data | ||
| Total transfer of assets from this plan | 2019-12-31 | $10,161,050 |
| Total income from all sources (including contributions) | 2019-12-31 | $2,612,458 |
| Total of all expenses incurred | 2019-12-31 | $1,280,166 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2019-12-31 | $1,256,850 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2019-12-31 | $758,742 |
| Value of total assets at end of year | 2019-12-31 | $158,157 |
| Value of total assets at beginning of year | 2019-12-31 | $8,986,915 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2019-12-31 | $23,316 |
| Total interest from all sources | 2019-12-31 | $22,390 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2019-12-31 | No |
| Was this plan covered by a fidelity bond | 2019-12-31 | Yes |
| Value of fidelity bond cover | 2019-12-31 | $1,000,000 |
| If this is an individual account plan, was there a blackout period | 2019-12-31 | Yes |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2019-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2019-12-31 | No |
| Contributions received from participants | 2019-12-31 | $628,028 |
| Participant contributions at end of year | 2019-12-31 | $16,114 |
| Participant contributions at beginning of year | 2019-12-31 | $407,752 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2019-12-31 | $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 | 2019-12-31 | No |
| Value of net income/loss | 2019-12-31 | $1,332,292 |
| Value of net assets at end of year (total assets less liabilities) | 2019-12-31 | $158,157 |
| Value of net assets at beginning of year (total assets less liabilities) | 2019-12-31 | $8,986,915 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2019-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2019-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2019-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2019-12-31 | $142,043 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2019-12-31 | $8,249,032 |
| Interest on participant loans | 2019-12-31 | $22,390 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2019-12-31 | $330,131 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2019-12-31 | $330,131 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2019-12-31 | $1,831,326 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2019-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2019-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2019-12-31 | No |
| Contributions received in cash from employer | 2019-12-31 | $130,714 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2019-12-31 | $1,256,850 |
| Contract administrator fees | 2019-12-31 | $23,316 |
| 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 | 2019-12-31 | Yes |
| Did the plan have assets held for investment | 2019-12-31 | 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 | 2019-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2019-12-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2019-12-31 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2019-12-31 | Disclaimer |
| Accountancy firm name | 2019-12-31 | M. DEBORAH LUJAN, PC |
| Accountancy firm EIN | 2019-12-31 | 832666631 |
| 2019: CASITA 401(K) PLAN 2019 form 5500 responses | ||
|---|---|---|
| 2019-01-01 | Type of plan entity | Single employer plan |
| 2019-01-01 | Plan funding arrangement – Insurance | Yes |
| 2019-01-01 | Plan funding arrangement – Trust | Yes |
| 2019-01-01 | Plan benefit arrangement – Insurance | Yes |
| 2019-01-01 | Plan benefit arrangement - Trust | Yes |