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HORIZON TRANSPORT, INC. HORIZON TRANSPORT, INC. EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan NameHORIZON TRANSPORT, INC. HORIZON TRANSPORT, INC. EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number 001

HORIZON TRANSPORT, INC. HORIZON TRANSPORT, INC. EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Stock bonus
  • Leveraged ESOP - An ESOP that acquires employer securities with borrowed money or other debt-financing techniques. A completed Schedule E must be attached to a Form 5500 filed for an ESOP.
  • The employer maintaining this ESOP is an S Corporation
  • Plan requiring that all or part of employer contributions be invested and held, at least for a limited period, in employer securities.

401k Sponsoring company profile

HORIZON TRANSPORT, INC. has sponsored the creation of one or more 401k plans.

Company Name:HORIZON TRANSPORT, INC.
Employer identification number (EIN):884391051
NAIC Classification:484120
NAIC Description: General Freight Trucking, Long-Distance

Form 5500 Filing Information

Submission information for form 5500 for 401k plan HORIZON TRANSPORT, INC. HORIZON TRANSPORT, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012024-01-01MARION SCHROCK
0012023-01-01
0012023-01-01MARION SCHROCK
0012023-01-01MARION SCHROCK
0012022-01-01
0012022-01-01MARION SCHROCK

Plan Statistics for HORIZON TRANSPORT, INC. HORIZON TRANSPORT, INC. EMPLOYEE STOCK OWNERSHIP PLAN

401k plan membership statisitcs for HORIZON TRANSPORT, INC. HORIZON TRANSPORT, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2023: HORIZON TRANSPORT, INC. HORIZON TRANSPORT, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-01152
Total number of active participants reported on line 7a of the Form 55002023-01-0160
Number of retired or separated participants receiving benefits2023-01-010
Number of other retired or separated participants entitled to future benefits2023-01-0123
Total of all active and inactive participants2023-01-0183
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-010
Total participants2023-01-0183
Number of participants with account balances2023-01-0183
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-0121
2022: HORIZON TRANSPORT, INC. HORIZON TRANSPORT, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-0191
Total number of active participants reported on line 7a of the Form 55002022-01-01153
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-010
Total of all active and inactive participants2022-01-01153
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01153
Number of participants with account balances2022-01-01151
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-0168

Financial Data on HORIZON TRANSPORT, INC. HORIZON TRANSPORT, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2023 : HORIZON TRANSPORT, INC. HORIZON TRANSPORT, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2023 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2023-12-31$-3,720,000
Total unrealized appreciation/depreciation of assets2023-12-31$-3,720,000
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$3,486,706
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$3,500,000
Expenses. Interest paid2023-12-31$151,973
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022023-12-31$151,973
Total income from all sources (including contributions)2023-12-31$-3,554,806
Total loss/gain on sale of assets2023-12-31$0
Total of all expenses incurred2023-12-31$151,973
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-31$165,194
Value of total assets at end of year2023-12-31$250,000
Value of total assets at beginning of year2023-12-31$3,970,073
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$0
Total interest from all sources2023-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2023-12-31$0
Was this plan covered by a fidelity bond2023-12-31Yes
Value of fidelity bond cover2023-12-31$100,000
If this is an individual account plan, was there a blackout period2023-12-31No
Were there any nonexempt tranactions with any party-in-interest2023-12-31No
Total non interest bearing cash at end of year2023-12-31$0
Total non interest bearing cash at beginning of year2023-12-31$73
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Value of net income/loss2023-12-31$-3,706,779
Value of net assets at end of year (total assets less liabilities)2023-12-31$-3,236,706
Value of net assets at beginning of year (total assets less liabilities)2023-12-31$470,073
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2023-12-31No
Were any leases to which the plan was party in default or uncollectible2023-12-31No
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-12-31No
Was there a failure to transmit to the plan any participant contributions2023-12-31No
Has the plan failed to provide any benefit when due under the plan2023-12-31No
Assets. Invements in employer securities at end of year2023-12-31$250,000
Assets. Invements in employer securities at beginning of year2023-12-31$3,970,000
Contributions received in cash from employer2023-12-31$165,194
Did the plan have assets held for investment2023-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-12-31No
Liabilities. Value of acquisition indebtedness at end of year2023-12-31$3,486,706
Liabilities. Value of acquisition indebtedness at beginning of year2023-12-31$3,500,000
Opinion of an independent qualified public accountant for this plan2023-12-31Unqualified
Accountancy firm name2023-12-31FLAGEL HUBER FLAGEL
Accountancy firm EIN2023-12-31310796034
Unrealized appreciation/depreciation of other (non real estate) assets2023-01-01$-3,720,000
Total unrealized appreciation/depreciation of assets2023-01-01$-3,720,000
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-01-01$3,486,706
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-01-01$3,500,000
Total income from all sources (including contributions)2023-01-01$-3,554,806
Total loss/gain on sale of assets2023-01-01$0
Total of all expenses incurred2023-01-01$151,973
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-01-01$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-01-01$165,194
Value of total assets at end of year2023-01-01$250,000
Value of total assets at beginning of year2023-01-01$3,970,073
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-01-01$0
Total interest from all sources2023-01-01$0
Total dividends received (eg from common stock, registered investment company shares)2023-01-01$0
Was this plan covered by a fidelity bond2023-01-01Yes
Value of fidelity bond cover2023-01-01$100,000
If this is an individual account plan, was there a blackout period2023-01-01No
Were there any nonexempt tranactions with any party-in-interest2023-01-01No
Total non interest bearing cash at end of year2023-01-01$0
Total non interest bearing cash at beginning of year2023-01-01$73
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-01-01No
Value of net income/loss2023-01-01$-3,706,779
Value of net assets at end of year (total assets less liabilities)2023-01-01$-3,236,706
Value of net assets at beginning of year (total assets less liabilities)2023-01-01$470,073
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2023-01-01No
Were any leases to which the plan was party in default or uncollectible2023-01-01No
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-01-01No
Was there a failure to transmit to the plan any participant contributions2023-01-01No
Has the plan failed to provide any benefit when due under the plan2023-01-01No
Assets. Invements in employer securities at end of year2023-01-01$250,000
Assets. Invements in employer securities at beginning of year2023-01-01$3,970,000
Contributions received in cash from employer2023-01-01$165,194
Did the plan have assets held for investment2023-01-01Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-01-01No
Liabilities. Value of acquisition indebtedness at end of year2023-01-01$3,486,706
Liabilities. Value of acquisition indebtedness at beginning of year2023-01-01$3,500,000
Opinion of an independent qualified public accountant for this plan2023-01-011
Accountancy firm name2023-01-01FLAGEL HUBER FLAGEL
Accountancy firm EIN2023-01-01310796034
2022 : HORIZON TRANSPORT, INC. HORIZON TRANSPORT, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k financial data
Total plan liabilities at end of year2022-12-31$3,500,000
Total plan liabilities at beginning of year2022-12-31$0
Total income from all sources2022-12-31$470,073
Expenses. Total of all expenses incurred2022-12-31$0
Total plan assets at end of year2022-12-31$3,970,073
Total plan assets at beginning of year2022-12-31$0
Value of fidelity bond covering the plan2022-12-31$1,000,000
Other income received2022-12-31$-530,000
Net income (gross income less expenses)2022-12-31$470,073
Net plan assets at end of year (total assets less liabilities)2022-12-31$470,073
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$0
Assets. Value of employer securities2022-12-31$3,970,000
Total contributions received or receivable from employer(s)2022-12-31$1,000,073

Form 5500 Responses for HORIZON TRANSPORT, INC. HORIZON TRANSPORT, INC. EMPLOYEE STOCK OWNERSHIP PLAN

2023: HORIZON TRANSPORT, INC. HORIZON TRANSPORT, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: HORIZON TRANSPORT, INC. HORIZON TRANSPORT, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01First time form 5500 has been submittedYes
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes

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