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FORM 5500 DATA

SA Automotive 401k & Profit Sharing Plan

Overview

Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan01/01/2012
  • Net Assets as of 12/31/2019 $3,410,586
  • 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
  • Plan Funding ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2019

  • Active (Eligible) Participants221
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits40
  • Subtotal261
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total261
  • Total number of participants as of 01/01/2019181
  • Number of participants with account balances200
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested37

Expenses

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

Sponsor Information

  • Address1307 Highview Drive
  • CityWebberville
  • StateMI
  • Zip48892
  • Telephone(517) 521-4205
  • EIN20-5669569
  • Industry Code336300
  • Named AdministratorSara Suckow

Audit Information

  • Audit StatusAudited
  • AuditorVrakas Sc
  • Auditor EIN39-1453055
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
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.
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 $1,000,000
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 $1,283,196
Contributions $740,827
Cash Contributions $740,827
Cash from Employers $200,793
Cash from Participants $524,858
Others (including rollovers) $15,176
Noncash Contributions $0
Total Earnings on Investments $542,369
Total Interest $9,160
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $9,092
Interest from Other Investments $68
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 $533,209
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 $447,020
Total Benefit Payments $414,434
Directly to participants or beneficiaries, including direct rollovers $414,434
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 $32,586
Professional Fees $5,145
Contract Administrator Fees $16,652
Investment Advisory and management fees $10,789
Other Administrative Fees $0
Net Income $836,176
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2019 12/31/2018 Change YOY
Total Assets $3,410,586 $2,574,410 32.48%
Total noninterest-bearing cash $19,895 $12,115 64.22%
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 $160,448 $135,658 18.27%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $3,224,824 $2,421,241 33.19%
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 $5,419 $5,396 0.43%
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 $3,410,586 $2,574,410 32.48%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

There is no information on eligible indirect compensation for this plan.

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
John Hancock Life Insurance Recordkeeping and information management (computing, tabulating, data processing, etc.) NONE $16,652 $0 $16,652
Securities America Advisors Investment advisory (participants) RIA $10,789 $0 $10,789
Total $27,441 $0 $27,441

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
Jh Multimanager Balanced Ls John Hancock USA DFE: Pooled Separate Account $830,038
Jh Multimanager Growth Ls John Hancock USA DFE: Pooled Separate Account $754,742
Jh Multimanager Moderate Ls John Hancock USA DFE: Pooled Separate Account $273,364
Jh Multimanager Aggressive Ls John Hancock USA DFE: Pooled Separate Account $126,007
500 Index Fund John Hancock USA DFE: Pooled Separate Account $100,717
T. Rowe Price Retirement 2025 John Hancock USA DFE: Pooled Separate Account $89,074
Jh Multimanager 2035 Lifetime John Hancock USA DFE: Pooled Separate Account $68,121
Jh Managed Volatility Growth John Hancock USA DFE: Pooled Separate Account $54,404
Jh Multi-Index 2040 Preserv John Hancock USA DFE: Pooled Separate Account $54,213
Jh Multi-Index 2030 Lifetime John Hancock USA DFE: Pooled Separate Account $42,033
Jh Multi-Index 2050 Preserv John Hancock USA DFE: Pooled Separate Account $37,801
Jh Multi-Index 2030 Preserv John Hancock USA DFE: Pooled Separate Account $37,632
T. Rowe Price Cap Appreciation John Hancock USA DFE: Pooled Separate Account $37,198
Jh Multi-Index 2045 Preserv John Hancock USA DFE: Pooled Separate Account $36,619
Jh Multi-Index 2035 Preserv John Hancock USA DFE: Pooled Separate Account $36,380
Jh Multi-Index 2025 Preserv John Hancock USA DFE: Pooled Separate Account $34,706
Jh Multi-Index 2055 Preserv John Hancock USA DFE: Pooled Separate Account $34,322
T. Rowe Price Retirement 2035 John Hancock USA DFE: Pooled Separate Account $34,293
Jh Multi-Index 2040 Lifetime John Hancock USA DFE: Pooled Separate Account $32,366
Fidelity Contrafund John Hancock USA DFE: Pooled Separate Account $32,138
Jh Multimanager Conserv Ls John Hancock USA DFE: Pooled Separate Account $29,097
Jh Multi-Index 2060 Preserv John Hancock USA DFE: Pooled Separate Account $22,473
Vanguard Small Cap Grow Index John Hancock USA DFE: Pooled Separate Account $21,912
Jh Multi-Index Ls Growth John Hancock USA DFE: Pooled Separate Account $21,782
Russell Growth John Hancock USA DFE: Pooled Separate Account $20,274
Core Bond Fund John Hancock USA DFE: Pooled Separate Account $19,251
Capital Income Builder John Hancock USA DFE: Pooled Separate Account $18,631
Fidelity Advisor Total Bond John Hancock USA DFE: Pooled Separate Account $17,483
John Hancock Disciplined Value John Hancock USA DFE: Pooled Separate Account $16,635
T. Rowe Price Retirement 2040 John Hancock USA DFE: Pooled Separate Account $15,488
The Growth Fund of America John Hancock USA DFE: Pooled Separate Account $15,171
Washington Mutual Investors John Hancock USA DFE: Pooled Separate Account $15,022
Capital World Growth & Income John Hancock USA DFE: Pooled Separate Account $14,310
New Perspective Fund John Hancock USA DFE: Pooled Separate Account $14,258
American Century Heritage John Hancock USA DFE: Pooled Separate Account $13,946
Diamond Hill Small-Mid Cap John Hancock USA DFE: Pooled Separate Account $13,663
Investment Company of America John Hancock USA DFE: Pooled Separate Account $13,649
Blackrock Basic Value John Hancock USA DFE: Pooled Separate Account $13,576
Invesco Opp Developing Mkt John Hancock USA DFE: Pooled Separate Account $11,454
Franklin Small-Mid Growth John Hancock USA DFE: Pooled Separate Account $9,696
Real Est. Securities Fund John Hancock USA DFE: Pooled Separate Account $9,659
Small Cap Value Fund John Hancock USA DFE: Pooled Separate Account $9,362
Federated High Yield Bond John Hancock USA DFE: Pooled Separate Account $8,759
Pimco Global Bond Opps Fund John Hancock USA DFE: Pooled Separate Account $8,645
Total Bond Market Fund John Hancock USA DFE: Pooled Separate Account $6,566
Jh Multi-Index 2025 Lifetime John Hancock USA DFE: Pooled Separate Account $6,508
American Balanced Fund John Hancock USA DFE: Pooled Separate Account $6,122
Clearbridge Aggressive Growth John Hancock USA DFE: Pooled Separate Account $5,734
Mid Value Fund John Hancock USA DFE: Pooled Separate Account $4,953
Pgim Jennison Mid Cap Growth John Hancock USA DFE: Pooled Separate Account $4,619
Vanguard Energy Fund John Hancock USA DFE: Pooled Separate Account $4,562
Russell Conservative John Hancock USA DFE: Pooled Separate Account $4,497
T. Rowe Price Sml Cap Val John Hancock USA DFE: Pooled Separate Account $4,488
Keeley Small Cap Dividend Val John Hancock USA DFE: Pooled Separate Account $4,292
Jpmorgan Intrepid Mid Cap John Hancock USA DFE: Pooled Separate Account $4,142
Dfa Emerging Markets Value John Hancock USA DFE: Pooled Separate Account $3,533
Intl Equity Index Fund John Hancock USA DFE: Pooled Separate Account $3,431
High Yield Fund John Hancock USA DFE: Pooled Separate Account $3,401
Vanguard Small Cap Value Index John Hancock USA DFE: Pooled Separate Account $3,384
John Hancock Bond Fund John Hancock USA DFE: Pooled Separate Account $3,331
Small Cap Stock Fund John Hancock USA DFE: Pooled Separate Account $3,221
Amg Managers Fairpointe Midcap John Hancock USA DFE: Pooled Separate Account $2,413
Jh Multi-Index Income Preserv John Hancock USA DFE: Pooled Separate Account $2,395
Vanguard Growth Index Fund John Hancock USA DFE: Pooled Separate Account $2,091
American Funds 2055 Td John Hancock USA DFE: Pooled Separate Account $1,938
Vanguard Target Ret 2060 John Hancock USA DFE: Pooled Separate Account $1,850
Small Cap Index Fund John Hancock USA DFE: Pooled Separate Account $1,734
T. Rowe Price Sci & Tech John Hancock USA DFE: Pooled Separate Account $1,408
American Funds 2040 Td John Hancock USA DFE: Pooled Separate Account $1,180
Jpmorgan Smartretirement 2040 John Hancock USA DFE: Pooled Separate Account $1,077
Capital Appreciation Fund John Hancock USA DFE: Pooled Separate Account $843
Vanguard Explorer Fund John Hancock USA DFE: Pooled Separate Account $792
Royce Pennsylvania Mutual Fund John Hancock USA DFE: Pooled Separate Account $705
Mid Cap Stock Fund John Hancock USA DFE: Pooled Separate Account $705
Equity Income Fund John Hancock USA DFE: Pooled Separate Account $704
Dodge & Cox Stock Fund John Hancock USA DFE: Pooled Separate Account $678
Blue Chip Growth Fund John Hancock USA DFE: Pooled Separate Account $667
Jpmorgan Midcap Value Fund John Hancock USA DFE: Pooled Separate Account $667
Ft Founding Funds Allocation John Hancock USA DFE: Pooled Separate Account $659
Blackrock Global Allocation John Hancock USA DFE: Pooled Separate Account $639
U.S. High Yield Bond Fund John Hancock USA DFE: Pooled Separate Account $638
Mfs Emerging Markets Debt John Hancock USA DFE: Pooled Separate Account $623
Money Market Fund John Hancock USA DFE: Pooled Separate Account $580
Fundamental Investors John Hancock USA DFE: Pooled Separate Account $566
New World Fund John Hancock USA DFE: Pooled Separate Account $539
Royce Opportunity John Hancock USA DFE: Pooled Separate Account $455
Vanguard Mid-Cap Value Etf John Hancock USA DFE: Pooled Separate Account $445
Jh Multi-Index Ls Balanced John Hancock USA DFE: Pooled Separate Account $332
Ishares Gold Trust Etf John Hancock USA DFE: Pooled Separate Account $133
Invesco Small Cap Growth John Hancock USA DFE: Pooled Separate Account $111
Fidelity Adv New Insights John Hancock USA DFE: Pooled Separate Account $111
Total $3,224,826

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock Life Insurance Company 200
EIN 01-0233346
Industry Code 65838
Contract Number 106153
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $5,419
Value in Separate Accounts at Year End $3,224,824
Insurance Fees and Commissions $6,619
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Ppg Retirement Plan Services 5525 Green Bay Road, Ste 200 Kenosha, WI 53144 Third Party Administrator $0 $6,619 TPA SERVICES
Northwestern Mutual Investment 7 S. Main Street Fond Du Lac, WI 54935 Investment Manager/Adviser $0 $0 COMMISSIONS
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 GUARANTEED INTEREST
Balance at the end of the previous year $5,396
Additions $68
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $68
Transferred from separate account $0
Other $0
Total of Balance and Additions $5,464
Deductions $45
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $45
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $5,419