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FORM 5500 DATA

The Automotive Group, Inc. 401k Plan & Trust

Overview

Plan Information

  • Plan Year01/01/2018 — 12/31/2018
  • Date of Plan04/01/1994
  • Net Assets as of 12/31/2018 $8,151,448
  • Plan Number1
  • Plan Type Single Employer
  • Is the plan collectively bargained? No
  • Did the plan file for an extension of time or the DFVC Program?Yes
  • Report Description This is an amended report.
  • Plan Funding ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2018

  • Active (Eligible) Participants325
  • Retired or separated participants receiving benefits1
  • Other retired or separated participants entitled to future benefits224
  • Subtotal550
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total550
  • Total number of participants as of 01/01/2018614
  • Number of participants with account balances550
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested0

Expenses

  • Total Benefit Payments$0
  • Corrective Distributions$0
  • Administrative Service Providers$0
  • Other Expenses$0
  • Total Expenses$0
  • Total Transfers$0

Sponsor Information

  • Address2061 Wineridge Pl, Suite 200
  • CityEscondido
  • StateCA
  • Zip92029
  • Telephone(760) 291-2580
  • EIN33-0633379
  • Industry Code525990
  • Named AdministratorLiz Micklos

Audit Information

  • Audit StatusAudited
  • AuditorDixon Hughes Goodman LLP
  • Auditor EIN56-0747981
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
2A Age/Service Weighted or New Comparability or Similar Plan Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New Comparability or Similar Plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the threshold or additional rate allowed under the permitted disparity rules of section 401(l)
2E Profit-sharing A defined contribution plan that allows employer discretionary contributions. These plans often contain a 401(k) feature.
2F ERISA section 404(c) Plan This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
2G 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.
2J 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.
2K 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 contributions 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.
2S Automatic Enrollment Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
2T Participant-directed Account Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
3D 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.
3H Controlled Group Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

Questions and Answers

Question Answer Amount
During the plan year did the employer fail to transmit to the plan any participant contributions within the time period described in 29 CFT 2510.3-102? No
Were any loans by the plan or fixed income obligations due the plan in default as of the close of plan year or classified during the year as uncollectible? Disregard participant loans secured by participant's account balance. No
Were any leases to which the plan was a party in default or classified during the year as uncollectible? No
Were there any nonexempt transactions with any party-in-interest? No
Was this plan covered by a fidelity bond? Yes $500,000
Did the plan have a loss, whether or not reimbursed by the plan's fidelity bond, that was caused by fraud or dishonesty? No
Did the plan hold any assets whose current value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan receive any noncash contributions whose value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan have assets held for investment? Yes
Were any plan transactions or series of transactions in excess of 5% of the current value of plan assets? No
Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC? No
Has the plan failed to provide any benefit when due under the plan? No
If this is an individual account plan, was there a blackout period? No
If there was a blackout period, have you either provided the required notice or one of the exceptions to providing the notice applied under 29 CFR 2520.101-3? No

Financials

Income and Expense Statement

Income $918,587
Contributions $1,265,254
Cash Contributions $1,265,254
Cash from Employers $0
Cash from Participants $1,251,306
Others (including rollovers) $13,948
Noncash Contributions $0
Total Earnings on Investments $-346,667
Total Interest $32,977
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $15,494
Interest from Other Investments $17,483
Total Dividends $0
Preferred Stock $0
Common Stock $0
Rents $0
Net gain (loss) on sale of assets $0
Aggregate Proceeds $0
Aggregate Carrying Amount $0
Total Unrealized Appreciation (depreciation) of assets $0
Real Estate $0
Other $0
Net investment gain (loss) from common/collective trusts $0
Net investment gain (loss) from pooled separate accounts $-379,644
Net investment gain (loss) from master trust investment accounts $0
Net investment gain (loss) from 103-12 investment entities $0
Net investment gain (loss) from registered investment companies $0
Other Income $0
Expenses $1,044,545
Total Benefit Payments $1,005,256
Directly to participants or beneficiaries, including direct rollovers $1,005,256
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $39,289
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $20,211
Other Administrative Fees $19,078
Net Income $-125,958
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2018 12/31/2017 Change YOY
Total Assets $8,151,448 $8,277,406 -1.52%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $0 $0 0.0%
Employer Contributions $0 $0 0.0%
Participant Contributions $0 $0 0.0%
Other Contributions $0 $0 0.0%
General Investments $0 $0 0.0%
Interest-bearing cash $0 $0 0.0%
U.S. Government Securities $0 $0 0.0%
Corporate Debt Instruments $0 $0 0.0%
Preferred $0 $0 0.0%
All Other $0 $0 0.0%
Corporate Stocks $0 $0 0.0%
Preferred $0 $0 0.0%
Common $0 $0 0.0%
Partnership/joint venture interests $0 $0 0.0%
Real estate (other than employer real property) $0 $0 0.0%
Loans (other than to participants) $0 $0 0.0%
Participants Loans $314,760 $404,967 -22.28%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $6,183,836 $6,685,657 -7.51%
Value of interest in master trust investment accounts $0 $0 0.0%
Value of interest in 103-12 investment entities $0 $0 0.0%
Value of interest in registered investment companies $0 $0 0.0%
Value of funds held in insurance co. general account $1,652,852 $1,186,782 39.27%
Other Investments $0 $0 0.0%
Employer-related Investments $0 $0 0.0%
Employer Securities $0 $0 0.0%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $0 $0 0.0%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $0 $0 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $8,151,448 $8,277,406 -1.52%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Transamerica Life Insurance Company

Other Service Providers Receiving Direct or Indirect Compensation

Name Nature of Service Relationship to Plan Sponsor Direct Compensation Paid by Plan Indirect Compensation Paid by Plan Total Compensation
Resources Investment Advisors, Inc. Investment advisory (plan) Investment Advisory-Plan $20,211 $0 $20,211
Transamerica Life Insurance Company Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Investment management fees paid indirectly by plan, Float revenue, Recordkeeping fees, Other insurance wrap fees Recordkeeper $19,078 $0 $19,078
Total $39,289 $0 $39,289

Indirect Compensation

There are no service providers with indirect compensation listed for this plan.

Service Providers Who Fail or Refuse to Provide Information

There are no service providers who failed or refused to provide information.

Termination Information on Accountants and Enrolled Actuaries

There is no termination information for this plan.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Loomis Sayles Bond Ret Opt Transamerica Life Insurance Co. DFE: Pooled Separate Account $904,098
Ta Blackrock Lifepath Index 2035 Re Transamerica Life Insurance Co. DFE: Pooled Separate Account $678,651
Ta Blackrock Lifepath Index 2030 Re Transamerica Life Insurance Co. DFE: Pooled Separate Account $615,804
Ta Blackrock Lifepath Index 2040 Re Transamerica Life Insurance Co. DFE: Pooled Separate Account $549,347
Ta Blackrock Lifepath Index 2045 Re Transamerica Life Insurance Co. DFE: Pooled Separate Account $396,182
Ta Blackrock Lifepath Index 2025 Re Transamerica Life Insurance Co. DFE: Pooled Separate Account $350,392
Ta Blackrock Lifepath Index 2055 Re Transamerica Life Insurance Co. DFE: Pooled Separate Account $316,676
Ta Blackrock Lifepath Index 2020 Re Transamerica Life Insurance Co. DFE: Pooled Separate Account $304,156
Morgan Stanley Growth Ret Opt Transamerica Life Insurance Co. DFE: Pooled Separate Account $262,321
Transamerica Growth Transamerica Life Insurance Co. DFE: Pooled Separate Account $192,334
Mutual Financial Services Ret Opt Transamerica Life Insurance Co. DFE: Pooled Separate Account $179,375
Ta Blackrock Lifepath Index 2050 Re Transamerica Life Insurance Co. DFE: Pooled Separate Account $165,033
American Funds Washington Mutual In Transamerica Life Insurance Co. DFE: Pooled Separate Account $142,636
Ta Blackrock Lifepath Index Retirem Transamerica Life Insurance Co. DFE: Pooled Separate Account $136,871
Morgan Stanley Growth Opportunities Transamerica Life Insurance Co. DFE: Pooled Separate Account $127,172
Wmc Disciplined Us Growth Ret Opt Transamerica Life Insurance Co. DFE: Pooled Separate Account $103,953
Templeton Foreign Ret Opt Transamerica Life Insurance Co. DFE: Pooled Separate Account $97,214
Fidelity Advisor Small Cap Inv Opt Transamerica Life Insurance Co. DFE: Pooled Separate Account $91,405
Transamerica Partners Stock Index R Transamerica Life Insurance Co. DFE: Pooled Separate Account $74,158
American Funds Balanced Inv Opt Transamerica Life Insurance Co. DFE: Pooled Separate Account $67,840
Jpmorgan Core Bond Ret Opt Transamerica Life Insurance Co. DFE: Pooled Separate Account $62,011
Nuveen Real Estate Securities Ret O Transamerica Life Insurance Co. DFE: Pooled Separate Account $53,645
Wells Fargo Advantage Precious Meta Transamerica Life Insurance Co. DFE: Pooled Separate Account $46,775
Ta Blackrock Lifepath Index 2060 Re Transamerica Life Insurance Co. DFE: Pooled Separate Account $41,444
Victory Established Value Ret Opt Transamerica Life Insurance Co. DFE: Pooled Separate Account $38,302
Wells Fargo Advantage Utility and T Transamerica Life Insurance Co. DFE: Pooled Separate Account $35,345
Prudential Jennison Natural Resourc Transamerica Life Insurance Co. DFE: Pooled Separate Account $34,081
Ssga S&P Mid Cap Index Ret Opt Transamerica Life Insurance Co. DFE: Pooled Separate Account $33,742
Ssga Russell Small Cap Index Ret Op Transamerica Life Insurance Co. DFE: Pooled Separate Account $31,462
Amer Funds Europacific Growth Ret O Transamerica Life Insurance Co. DFE: Pooled Separate Account $28,131
T. Rowe Price Growth Stock Ret Opt Transamerica Life Insurance Co. DFE: Pooled Separate Account $18,553
American Century Mid Cap Value Ret Transamerica Life Insurance Co. DFE: Pooled Separate Account $4,727
Total $6,183,836

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Transamerica Life Insurance Co. 550
EIN 39-0989781
Industry Code 86231
Contract Number 995760
Contract Year 01/01/2018 — 12/31/2018
Value in General Account at Year End $1,652,852
Value in Separate Accounts at Year End $6,183,836
Insurance Fees and Commissions $0
Persons Receiving Commissions and Fees There are no brokers listed for this plan.
Allocated Funds
Type of Contract Unspecified
Basis of premium rates
Premiums paid to carrier $0
Premiums due but unpaid at the end of the year $0
If the carrier, service, or other organization incurred any specific costs in connection with the acquisition or retention of the contract or policy, enter amount $0
Specify the nature of the costs
Unallocated Funds
Type of Contract STABLE VALUE OPTION
Balance at the end of the previous year $1,186,782
Additions $566,147
Contributions Deposited during the year $88,244
Dividends and credits $0
Interest credited during the year $17,483
Transferred from separate account $402,806
Other $57,614
Total of Balance and Additions $1,752,929
Deductions $100,077
Disbursed from fund to pay benefits or purchase annuities during the year $44,016
Administration charge made by carrier $36,103
Transferred to Separate Account $0
Other $19,958
Balance at the end of the current year $1,652,852