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TOYOTA OF GOLDSBORO 401(K) PLAN 401k Plan overview

Plan NameTOYOTA OF GOLDSBORO 401(K) PLAN
Plan identification number 001

TOYOTA OF GOLDSBORO 401(K) PLAN 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.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

WAYNE COUNTY MOTOR SALES D/B/A TOYOTA OF GOLDSBORO has sponsored the creation of one or more 401k plans.

Company Name:WAYNE COUNTY MOTOR SALES D/B/A TOYOTA OF GOLDSBORO
Employer identification number (EIN):841662509
NAIC Classification:441110
NAIC Description:New Car Dealers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan TOYOTA OF GOLDSBORO 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01
0012016-01-01
0012015-01-01
0012014-01-01DAVID COLUMBE2015-09-18
0012013-01-01DAVID COLUMBE2014-10-14
0012012-01-01JEFF MCKNIGHT2013-10-15
0012011-01-01JEFF MCKNIGHT2012-10-16

Financial Data on TOYOTA OF GOLDSBORO 401(K) PLAN

Measure Date Value
2007 : TOYOTA OF GOLDSBORO 401(K) PLAN 2007 401k financial data
Total income from all sources2007-12-31$108,423
Expenses. Total of all expenses incurred2007-12-31$23,951
Benefits paid (including direct rollovers)2007-12-31$21,161
Total plan assets at end of year2007-12-31$173,096
Total plan assets at beginning of year2007-12-31$88,624
Value of fidelity bond covering the plan2007-12-31$20,000
Total contributions received or receivable from participants2007-12-31$37,002
Expenses. Other expenses not covered elsewhere2007-12-31$2,790
Contributions received from other sources (not participants or employers)2007-12-31$46,671
Other income received2007-12-31$8,040
Net income (gross income less expenses)2007-12-31$84,472
Net plan assets at end of year (total assets less liabilities)2007-12-31$173,096
Net plan assets at beginning of year (total assets less liabilities)2007-12-31$88,624
Assets. Value of participant loans2007-12-31$7,689
Total contributions received or receivable from employer(s)2007-12-31$16,710

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number48077
Policy instance 1
Insurance contract or identification number48077
Number of Individuals Covered30
Insurance policy start date2007-01-01
Insurance policy end date2007-12-31
Total amount of commissions paid to insurance brokerUSD $1,059
Total amount of fees paid to insurance companyUSD $654
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 planNo
Contracts With Unallocated Funds Deposit Administration0
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 BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Commission paid to Insurance BrokerUSD $1,059
Insurance broker organization code?3
Amount paid for insurance broker fees400
Additional information about fees paid to insurance brokerADMINISTRATIVE FEES
Insurance broker namePENSION INVESTORS CORP

Potentially related plans

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