RUGE'S AUTO GROUP, INC. has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan RUGE'S AUTO GROUP 401(K) PROFIT SHARING PLAN
Measure | Date | Value |
---|
2022 : RUGE'S AUTO GROUP 401(K) PROFIT SHARING PLAN 2022 401k financial data |
---|
Total unrealized appreciation/depreciation of assets | 2022-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $0 |
Total income from all sources (including contributions) | 2022-12-31 | $-447,886 |
Total loss/gain on sale of assets | 2022-12-31 | $0 |
Total of all expenses incurred | 2022-12-31 | $1,866,034 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $1,810,817 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $546,368 |
Value of total assets at end of year | 2022-12-31 | $4,946,797 |
Value of total assets at beginning of year | 2022-12-31 | $7,260,717 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $55,217 |
Total interest from all sources | 2022-12-31 | $4,727 |
Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $137,431 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2022-12-31 | $137,431 |
Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
Value of fidelity bond cover | 2022-12-31 | $1,000,000 |
If this is an individual account plan, was there a blackout period | 2022-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
Contributions received from participants | 2022-12-31 | $396,368 |
Participant contributions at end of year | 2022-12-31 | $77,225 |
Participant contributions at beginning of year | 2022-12-31 | $83,501 |
Other income not declared elsewhere | 2022-12-31 | $20,000 |
Administrative expenses (other) incurred | 2022-12-31 | $55,217 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
Value of net income/loss | 2022-12-31 | $-2,313,920 |
Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $4,946,797 |
Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $7,260,717 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2022-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2022-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-12-31 | $4,362,034 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $7,001,895 |
Interest on participant loans | 2022-12-31 | $4,727 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2022-12-31 | $357,538 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2022-12-31 | $25,321 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-1,156,412 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2022-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2022-12-31 | No |
Contributions received in cash from employer | 2022-12-31 | $150,000 |
Employer contributions (assets) at end of year | 2022-12-31 | $150,000 |
Employer contributions (assets) at beginning of year | 2022-12-31 | $150,000 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $1,810,817 |
Did the plan have assets held for investment | 2022-12-31 | 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 | 2022-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2022-12-31 | Unqualified |
Accountancy firm name | 2022-12-31 | WASCHITZ PAVLOFF CPA, LLP |
Accountancy firm EIN | 2022-12-31 | 822240084 |
2021 : RUGE'S AUTO GROUP 401(K) PROFIT SHARING PLAN 2021 401k financial data |
---|
Total unrealized appreciation/depreciation of assets | 2021-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $0 |
Total income from all sources (including contributions) | 2021-12-31 | $1,234,123 |
Total loss/gain on sale of assets | 2021-12-31 | $0 |
Total of all expenses incurred | 2021-12-31 | $344,557 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $323,467 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $450,051 |
Value of total assets at end of year | 2021-12-31 | $7,260,717 |
Value of total assets at beginning of year | 2021-12-31 | $6,371,151 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $21,090 |
Total interest from all sources | 2021-12-31 | $4,190 |
Total dividends received (eg from common stock, registered investment company shares) | 2021-12-31 | $492,802 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2021-12-31 | $492,802 |
Was this plan covered by a fidelity bond | 2021-12-31 | Yes |
Value of fidelity bond cover | 2021-12-31 | $1,000,000 |
If this is an individual account plan, was there a blackout period | 2021-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2021-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2021-12-31 | No |
Contributions received from participants | 2021-12-31 | $300,051 |
Participant contributions at end of year | 2021-12-31 | $83,501 |
Participant contributions at beginning of year | 2021-12-31 | $82,603 |
Participant contributions at end of year | 2021-12-31 | $0 |
Participant contributions at beginning of year | 2021-12-31 | $3,495 |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2021-12-31 | $0 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2021-12-31 | $517 |
Other income not declared elsewhere | 2021-12-31 | $2,971 |
Administrative expenses (other) incurred | 2021-12-31 | $21,090 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
Value of net income/loss | 2021-12-31 | $889,566 |
Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $7,260,717 |
Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $6,371,151 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2021-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2021-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2021-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2021-12-31 | $7,001,895 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2021-12-31 | $5,973,170 |
Interest on participant loans | 2021-12-31 | $4,500 |
Value of interest in common/collective trusts at end of year | 2021-12-31 | $0 |
Value of interest in common/collective trusts at beginning of year | 2021-12-31 | $123,308 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2021-12-31 | $0 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2021-12-31 | $88,058 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2021-12-31 | $88,058 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2021-12-31 | $-310 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2021-12-31 | $25,321 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2021-12-31 | $0 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2021-12-31 | $282,944 |
Net investment gain or loss from common/collective trusts | 2021-12-31 | $1,165 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2021-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2021-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2021-12-31 | No |
Contributions received in cash from employer | 2021-12-31 | $150,000 |
Employer contributions (assets) at end of year | 2021-12-31 | $150,000 |
Employer contributions (assets) at beginning of year | 2021-12-31 | $100,000 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $323,467 |
Did the plan have assets held for investment | 2021-12-31 | 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 | 2021-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2021-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2021-12-31 | Unqualified |
Accountancy firm name | 2021-12-31 | WASCHITZ PAVLOFF CPA, LLP |
Accountancy firm EIN | 2021-12-31 | 822240084 |