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TRI-STATE MOTORS 401(K) PLAN 401k Plan overview

Plan NameTRI-STATE MOTORS 401(K) PLAN
Plan identification number 001

TRI-STATE MOTORS 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.
  • 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

TRI-STATE MOTORS has sponsored the creation of one or more 401k plans.

Company Name:TRI-STATE MOTORS
Employer identification number (EIN):870202794
NAIC Classification:441110
NAIC Description:New Car Dealers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan TRI-STATE MOTORS 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01DAVID MORRIS2023-08-16
0012021-01-01DAVID MORRIS2022-09-30
0012020-01-01DAVID MORRIS2021-09-20
0012019-01-01DAVID MORRIS2020-06-26
0012018-01-01DAVID MORRIS2019-09-20
0012017-01-01DAVID MORRIS2018-08-10
0012016-01-01DAVID MORRIS2017-08-15
0012015-01-01DAVID MORRIS
0012014-01-01DAVID MORRIS
0012013-01-01DAVID MORRIS
0012012-01-01DAVID MORRIS
0012011-01-01DAVID MORRIS
0012010-01-01DAVID MORRIS
0012009-01-01DAVID MORRIS

Plan Statistics for TRI-STATE MOTORS 401(K) PLAN

401k plan membership statisitcs for TRI-STATE MOTORS 401(K) PLAN

Measure Date Value
2015: TRI-STATE MOTORS 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-0114
Total number of active participants reported on line 7a of the Form 55002015-01-018
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-011
Total of all active and inactive participants2015-01-019
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-019
Number of participants with account balances2015-01-019
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: TRI-STATE MOTORS 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-0113
Total number of active participants reported on line 7a of the Form 55002014-01-0114
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-010
Total of all active and inactive participants2014-01-0114
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-0114
Number of participants with account balances2014-01-018
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: TRI-STATE MOTORS 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-019
Total number of active participants reported on line 7a of the Form 55002013-01-0113
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-010
Total of all active and inactive participants2013-01-0113
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-0113
Number of participants with account balances2013-01-017
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: TRI-STATE MOTORS 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-0111
Total number of active participants reported on line 7a of the Form 55002012-01-019
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-010
Total of all active and inactive participants2012-01-019
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-019
Number of participants with account balances2012-01-014
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: TRI-STATE MOTORS 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-0112
Total number of active participants reported on line 7a of the Form 55002011-01-0111
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-010
Total of all active and inactive participants2011-01-0111
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-0111
Number of participants with account balances2011-01-0110
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2010: TRI-STATE MOTORS 401(K) PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-0113
Total number of active participants reported on line 7a of the Form 55002010-01-0112
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-010
Total of all active and inactive participants2010-01-0112
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-0112
Number of participants with account balances2010-01-013
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-010
2009: TRI-STATE MOTORS 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0113
Total number of active participants reported on line 7a of the Form 55002009-01-0113
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-010
Total of all active and inactive participants2009-01-0113
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0113
Number of participants with account balances2009-01-0113
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on TRI-STATE MOTORS 401(K) PLAN

Measure Date Value
2015 : TRI-STATE MOTORS 401(K) PLAN 2015 401k financial data
Transfers to/from the plan2015-12-31$0
Total plan liabilities at end of year2015-12-31$0
Total plan liabilities at beginning of year2015-12-31$0
Total income from all sources2015-12-31$2,527
Expenses. Total of all expenses incurred2015-12-31$4,900
Benefits paid (including direct rollovers)2015-12-31$4,845
Total plan assets at end of year2015-12-31$446,800
Total plan assets at beginning of year2015-12-31$449,173
Value of fidelity bond covering the plan2015-12-31$40,000
Total contributions received or receivable from participants2015-12-31$10,143
Expenses. Other expenses not covered elsewhere2015-12-31$55
Contributions received from other sources (not participants or employers)2015-12-31$0
Other income received2015-12-31$-13,564
Noncash contributions received2015-12-31$0
Net income (gross income less expenses)2015-12-31$-2,373
Net plan assets at end of year (total assets less liabilities)2015-12-31$446,800
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$449,173
Assets. Value of participant loans2015-12-31$21,908
Total contributions received or receivable from employer(s)2015-12-31$5,948
Value of certain deemed distributions of participant loans2015-12-31$0
Value of corrective distributions2015-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$0
2014 : TRI-STATE MOTORS 401(K) PLAN 2014 401k financial data
Transfers to/from the plan2014-12-31$0
Total plan liabilities at end of year2014-12-31$0
Total plan liabilities at beginning of year2014-12-31$0
Total income from all sources2014-12-31$33,375
Expenses. Total of all expenses incurred2014-12-31$4,444
Benefits paid (including direct rollovers)2014-12-31$4,444
Total plan assets at end of year2014-12-31$449,173
Total plan assets at beginning of year2014-12-31$420,242
Value of fidelity bond covering the plan2014-12-31$40,000
Total contributions received or receivable from participants2014-12-31$10,928
Expenses. Other expenses not covered elsewhere2014-12-31$0
Contributions received from other sources (not participants or employers)2014-12-31$0
Other income received2014-12-31$16,464
Noncash contributions received2014-12-31$0
Net income (gross income less expenses)2014-12-31$28,931
Net plan assets at end of year (total assets less liabilities)2014-12-31$449,173
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$420,242
Total contributions received or receivable from employer(s)2014-12-31$5,983
Value of certain deemed distributions of participant loans2014-12-31$0
Value of corrective distributions2014-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$0
2013 : TRI-STATE MOTORS 401(K) PLAN 2013 401k financial data
Transfers to/from the plan2013-12-31$0
Total plan liabilities at end of year2013-12-31$0
Total plan liabilities at beginning of year2013-12-31$0
Total income from all sources2013-12-31$57,659
Expenses. Total of all expenses incurred2013-12-31$1,134
Benefits paid (including direct rollovers)2013-12-31$1,134
Total plan assets at end of year2013-12-31$420,242
Total plan assets at beginning of year2013-12-31$363,717
Value of fidelity bond covering the plan2013-12-31$40,000
Total contributions received or receivable from participants2013-12-31$7,194
Expenses. Other expenses not covered elsewhere2013-12-31$0
Contributions received from other sources (not participants or employers)2013-12-31$0
Other income received2013-12-31$47,058
Noncash contributions received2013-12-31$0
Net income (gross income less expenses)2013-12-31$56,525
Net plan assets at end of year (total assets less liabilities)2013-12-31$420,242
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$363,717
Assets. Value of participant loans2013-12-31$343
Total contributions received or receivable from employer(s)2013-12-31$3,407
Value of certain deemed distributions of participant loans2013-12-31$0
Value of corrective distributions2013-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$0
2012 : TRI-STATE MOTORS 401(K) PLAN 2012 401k financial data
Transfers to/from the plan2012-12-31$0
Total plan liabilities at end of year2012-12-31$0
Total plan liabilities at beginning of year2012-12-31$0
Total income from all sources2012-12-31$48,917
Expenses. Total of all expenses incurred2012-12-31$19,497
Benefits paid (including direct rollovers)2012-12-31$19,497
Total plan assets at end of year2012-12-31$363,717
Total plan assets at beginning of year2012-12-31$334,297
Value of fidelity bond covering the plan2012-12-31$40,000
Total contributions received or receivable from participants2012-12-31$4,843
Expenses. Other expenses not covered elsewhere2012-12-31$0
Contributions received from other sources (not participants or employers)2012-12-31$0
Other income received2012-12-31$39,889
Noncash contributions received2012-12-31$0
Net income (gross income less expenses)2012-12-31$29,420
Net plan assets at end of year (total assets less liabilities)2012-12-31$363,717
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$334,297
Assets. Value of participant loans2012-12-31$4,770
Total contributions received or receivable from employer(s)2012-12-31$4,185
Value of certain deemed distributions of participant loans2012-12-31$0
Value of corrective distributions2012-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$0
2011 : TRI-STATE MOTORS 401(K) PLAN 2011 401k financial data
Transfers to/from the plan2011-12-31$0
Total plan liabilities at end of year2011-12-31$0
Total plan liabilities at beginning of year2011-12-31$0
Total income from all sources2011-12-31$15,561
Expenses. Total of all expenses incurred2011-12-31$38,598
Benefits paid (including direct rollovers)2011-12-31$38,598
Total plan assets at end of year2011-12-31$334,297
Total plan assets at beginning of year2011-12-31$357,334
Value of fidelity bond covering the plan2011-12-31$40,000
Total contributions received or receivable from participants2011-12-31$8,678
Expenses. Other expenses not covered elsewhere2011-12-31$0
Contributions received from other sources (not participants or employers)2011-12-31$10,092
Other income received2011-12-31$-7,400
Noncash contributions received2011-12-31$0
Net income (gross income less expenses)2011-12-31$-23,037
Net plan assets at end of year (total assets less liabilities)2011-12-31$334,297
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$357,334
Assets. Value of participant loans2011-12-31$13,978
Total contributions received or receivable from employer(s)2011-12-31$4,191
Value of certain deemed distributions of participant loans2011-12-31$0
Value of corrective distributions2011-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$0
2010 : TRI-STATE MOTORS 401(K) PLAN 2010 401k financial data
Transfers to/from the plan2010-12-31$0
Total plan liabilities at end of year2010-12-31$0
Total plan liabilities at beginning of year2010-12-31$0
Total income from all sources2010-12-31$71,803
Expenses. Total of all expenses incurred2010-12-31$0
Benefits paid (including direct rollovers)2010-12-31$0
Total plan assets at end of year2010-12-31$357,334
Total plan assets at beginning of year2010-12-31$285,531
Total contributions received or receivable from participants2010-12-31$7,069
Expenses. Other expenses not covered elsewhere2010-12-31$0
Contributions received from other sources (not participants or employers)2010-12-31$0
Other income received2010-12-31$60,925
Noncash contributions received2010-12-31$0
Net income (gross income less expenses)2010-12-31$71,803
Net plan assets at end of year (total assets less liabilities)2010-12-31$357,334
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$285,531
Assets. Value of participant loans2010-12-31$20,248
Total contributions received or receivable from employer(s)2010-12-31$3,809
Value of certain deemed distributions of participant loans2010-12-31$0
Value of corrective distributions2010-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$0

Form 5500 Responses for TRI-STATE MOTORS 401(K) PLAN

2015: TRI-STATE MOTORS 401(K) PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
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: TRI-STATE MOTORS 401(K) PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
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: TRI-STATE MOTORS 401(K) PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
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: TRI-STATE MOTORS 401(K) PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Plan funding arrangement – InsuranceYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement – InsuranceYes
2012-01-01Plan benefit arrangement - TrustYes
2011: TRI-STATE MOTORS 401(K) PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Plan funding arrangement – InsuranceYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement – InsuranceYes
2011-01-01Plan benefit arrangement - TrustYes
2010: TRI-STATE MOTORS 401(K) PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: TRI-STATE MOTORS 401(K) PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number99249
Policy instance 1
Insurance contract or identification number99249
Number of Individuals Covered9
Insurance policy start date2015-01-01
Insurance policy end date2015-12-31
Total amount of commissions paid to insurance brokerUSD $2,232
Commission paid to Insurance BrokerUSD $2,232
Insurance broker organization code?3
Insurance broker nameHORNOR, TOWNSEND & KENT
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number99249
Policy instance 1
Insurance contract or identification number99249
Number of Individuals Covered9
Insurance policy start date2014-01-01
Insurance policy end date2014-12-31
Total amount of commissions paid to insurance brokerUSD $2,192
Commission paid to Insurance BrokerUSD $2,192
Insurance broker organization code?3
Insurance broker nameHORNOR, TOWNSEND & KENT
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number99249
Policy instance 1
Insurance contract or identification number99249
Number of Individuals Covered9
Insurance policy start date2013-01-01
Insurance policy end date2013-12-31
Total amount of commissions paid to insurance brokerUSD $1,919
Commission paid to Insurance BrokerUSD $1,919
Insurance broker organization code?3
Insurance broker nameHORNOR, TOWNSEND & KENT
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number99249
Policy instance 1
Insurance contract or identification number99249
Number of Individuals Covered9
Insurance policy start date2012-01-01
Insurance policy end date2012-12-31
Total amount of commissions paid to insurance brokerUSD $1,667
Commission paid to Insurance BrokerUSD $1,667
Insurance broker organization code?3
Insurance broker nameHORNOR, TOWNSEND & KENT
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number99249
Policy instance 1
Insurance contract or identification number99249
Number of Individuals Covered10
Insurance policy start date2011-01-01
Insurance policy end date2011-12-31
Total amount of commissions paid to insurance brokerUSD $1,550

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