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Kahlig Motor Company, Inc. d/b/a North Park Lexus of San Antonio

Plan Rating
FORM 5500 DATA

Kahlig Motor Company, Inc. d/b/a North Park Lexus of San Antonio 401k Plan

Overview

Plan Information

  • Plan Year01/01/2006 — 12/31/2006
  • Date of Plan07/01/1995
  • Net Assets as of 12/31/2006 $4,287,729
  • 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? No
  • Plan Funding Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2006

  • Active (Eligible) Participants104
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits2
  • Subtotal106
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits1
  • Total107
  • Total number of participants as of 01/01/200697
  • Number of participants with account balances98
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested7
  • Number of participants required to be reported on Schedule SSA0

Expenses

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

Sponsor Information

  • Address611 Lockhill Selma Rd
  • CitySan Antonio
  • StateTX
  • Zip78216-5041
  • Telephone(210) 308-8900
  • EIN74-2705436
  • Industry Code441110
  • Named AdministratorPhilip E. Holland

Plan Administrator Information

  • Administrator NamePhilip E. Holland, Administrator Nadart
  • AddressPo Box 9200
  • CityMclean
  • StateVA
  • Zip22102-0200
  • Telephone(800) 462-3278
  • Administrator EIN31-1255362

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.
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.
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.

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 at any time hold 20% or more of its assets in any single security, debt, mortgage, parcel of real estate, or partnership/joint venture interest? No $0
Are you claiming a waiver of the annual examination and report of an independent qualified public accountant (IQPA) under 29 CFR 2520.104-46? Yes
Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC? No

Financials

Income and Expense Statement

Income $1,049,200
Contributions $0
Cash Contributions $616,803
Cash from Employers $121,674
Cash from Participants $473,350
Others (including rollovers) $21,779
Noncash Contributions $0
Other Income $432,397
Expenses $294,836
Total Benefit Payments $274,344
Corrective Distributions $0
Certain deemed distributions of participant loans $20,492
Other Expenses $0
Net Income $754,364
Transfers of Assets to (from) this Plan $4,414

Asset and Liability Statement

12/31/2006 12/31/2005 Change YOY
Total Assets $4,287,729 $3,528,951 21.50%
Total Liabilities $0 $0 0.0%
Net Assets $4,287,729 $3,528,951 21.50%

Specific Assets Statement

Held? Amount
Total Specific Assets No $166,930
Partnership/joint venture interests Yes $0
Employer Real Property Yes $0
Real Estate Yes $0
Employer Securities Yes $0
Participant Loans No $166,930
Loans (other than to participants) Yes $0
Tangible Personal Property Yes $0

Service Providers

Service Providers

There are no service providers listed for this plan.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
National Automobile Dealers Associa National Automobile Dealers Associa DFE: Common/Collective Trust $1,878,885
Life Solutions Balanced Fund State Street Global Advisors DFE: Common/Collective Trust $484,999
S and P Index Fund State Street Global Advisors DFE: Common/Collective Trust $296,291
Midcap Index Fund State Street Global Advisors DFE: Common/Collective Trust $141,016
Russell 2000 Index Fund State Street Global Advisors DFE: Common/Collective Trust $109,020
Life Solutions Growth Fund State Street Global Advisors DFE: Common/Collective Trust $95,034
Eafe Fund State Street Global Advisors DFE: Common/Collective Trust $69,574
Life Solutions Income and Growth Fu State Street Global Advisors DFE: Common/Collective Trust $60,752
Total $3,135,571

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.