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GLOBAL PARTS AND ACCESSORIES I 401(K) PROFIT SHARING PLAN & TRUST 401k Plan overview

Plan NameGLOBAL PARTS AND ACCESSORIES I 401(K) PROFIT SHARING PLAN & TRUST
Plan identification number 002

GLOBAL PARTS AND ACCESSORIES I 401(K) PROFIT SHARING PLAN & TRUST 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

GLOBAL PARTS AND ACCESSORIES, INC. has sponsored the creation of one or more 401k plans.

Company Name:GLOBAL PARTS AND ACCESSORIES, INC.
Employer identification number (EIN):832311882
NAIC Classification:541990
NAIC Description:All Other Professional, Scientific, and Technical Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan GLOBAL PARTS AND ACCESSORIES I 401(K) PROFIT SHARING PLAN & TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01ELARD PALMA2024-04-17
0022022-01-01EDWARD ROJAS2023-07-13
0022021-01-01EDWARD ROJAS2022-07-27
0022020-01-01EDWARD ROJAS2021-05-18

Financial Data on GLOBAL PARTS AND ACCESSORIES I 401(K) PROFIT SHARING PLAN & TRUST

Measure Date Value
2025 : GLOBAL PARTS AND ACCESSORIES I 401(K) PROFIT SHARING PLAN & TRUST 2025 401k financial data
Total transfers to/from plan in this plan year2025-04-070
Total liabilities as of the end of the plan year2025-04-070
Total liabilities as of the beginning of the plan year2025-04-070
Total expenses incurred by plan in this plan year2025-04-078662
Net assets as of the end of the plan year2025-04-07100802
Total assets as of the beginning of the plan year2025-04-0774422
Value of plan covered by a fidelity bond2025-04-07500000
Participant contributions to plan in this plan year2025-04-0719068
Value of participant loans at end of plan year2025-04-075146
Other expenses paid from plan in this plan year2025-04-070
Other contributions to plan in this plan year2025-04-070
Other income to plan in this plan year2025-04-078222
Plan net income in this plan year2025-04-0726380
Net assets as of the end of the plan year2025-04-07100802
Net assets as of the beginning of the plan year2025-04-0774422
Employer contributions to plan in this plan year2025-04-077752
Expensese paid to adminstrative service provicers from plan in this plan year2025-04-074308
2024 : GLOBAL PARTS AND ACCESSORIES I 401(K) PROFIT SHARING PLAN & TRUST 2024 401k financial data
Total transfers to/from plan in this plan year2024-04-170
Total liabilities as of the end of the plan year2024-04-170
Total liabilities as of the beginning of the plan year2024-04-170
Total expenses incurred by plan in this plan year2024-04-172146
Net assets as of the end of the plan year2024-04-1774422
Total assets as of the beginning of the plan year2024-04-1740409
Participant contributions to plan in this plan year2024-04-1718877
Value of participant loans at end of plan year2024-04-172806
Other expenses paid from plan in this plan year2024-04-170
Other contributions to plan in this plan year2024-04-170
Other income to plan in this plan year2024-04-178421
Plan net income in this plan year2024-04-1734013
Net assets as of the end of the plan year2024-04-1774422
Net assets as of the beginning of the plan year2024-04-1740409
Employer contributions to plan in this plan year2024-04-178861
Expensese paid to adminstrative service provicers from plan in this plan year2024-04-171092
2022 : GLOBAL PARTS AND ACCESSORIES I 401(K) PROFIT SHARING PLAN & TRUST 2022 401k financial data
Total transfers to/from plan in this plan year2022-07-270
Total liabilities as of the end of the plan year2022-07-270
Total liabilities as of the beginning of the plan year2022-07-270
Total expenses incurred by plan in this plan year2022-07-27489
Net assets as of the end of the plan year2022-07-2725436
Total assets as of the beginning of the plan year2022-07-279091
Participant contributions to plan in this plan year2022-07-279110
Other expenses paid from plan in this plan year2022-07-270
Other contributions to plan in this plan year2022-07-270
Other income to plan in this plan year2022-07-271779
Plan net income in this plan year2022-07-2716345
Net assets as of the end of the plan year2022-07-2725436
Net assets as of the beginning of the plan year2022-07-279091
Employer contributions to plan in this plan year2022-07-275945
Expensese paid to adminstrative service provicers from plan in this plan year2022-07-27412

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