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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 Year01/01/2007 — 12/31/2007
  • Date of Plan07/01/1995
  • Net Assets as of 12/31/2007 $5,131,131
  • 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 12/31/2007

  • Active (Eligible) Participants114
  • Retired or separated participants receiving benefits1
  • Other retired or separated participants entitled to future benefits5
  • Subtotal120
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits2
  • Total122
  • Total number of participants as of 01/01/2007107
  • Number of participants with account balances113
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested11
  • Number of participants required to be reported on Schedule SSA1

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 $1,163,894
Contributions $0
Cash Contributions $811,371
Cash from Employers $123,180
Cash from Participants $600,059
Others (including rollovers) $88,132
Noncash Contributions $0
Other Income $352,523
Expenses $320,792
Total Benefit Payments $320,792
Corrective Distributions $0
Certain deemed distributions of participant loans $0
Other Expenses $0
Net Income $843,102
Transfers of Assets to (from) this Plan $300

Asset and Liability Statement

12/31/2007 12/31/2006 Change YOY
Total Assets $5,131,131 $4,287,729 19.67%
Total Liabilities $0 $0 0.0%
Net Assets $5,131,131 $4,287,729 19.67%

Specific Assets Statement

Held? Amount
Total Specific Assets No $209,808
Partnership/joint venture interests Yes $0
Employer Real Property Yes $0
Real Estate Yes $0
Employer Securities Yes $0
Participant Loans No $209,808
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 $2,631,387
Ssga Target Retirement 2010 Securit State Street Global Advisors DFE: Common/Collective Trust $375,137
S and P 500 Large Cap Fund State Street Global Advisors DFE: Common/Collective Trust $255,101
S and P 400 Mid Cap Fund State Street Global Advisors DFE: Common/Collective Trust $150,379
International Fund State Street Global Advisors DFE: Common/Collective Trust $119,526
Ssga Target Retirement 2025 Sl Seri State Street Global Advisors DFE: Common/Collective Trust $116,219
Ssga Target Retirement Income Sl SE State Street Global Advisors DFE: Common/Collective Trust $66,522
Russell 2000 Small Cap Fund State Street Global Advisors DFE: Common/Collective Trust $50,163
Ssga Target Retirement 2015 Sl Seri State Street Global Advisors DFE: Common/Collective Trust $223
Ssga Target Retirement 2050 Sl Seri State Street Global Advisors DFE: Common/Collective Trust $0
Ssga Target Retirement 2045 Sl Seri State Street Global Advisors DFE: Common/Collective Trust $0
Ssga Target Retirement 2040 Securit State Street Global Advisors DFE: Common/Collective Trust $0
Ssga Target Retirement 2035 Sl Seri State Street Global Advisors DFE: Common/Collective Trust $0
Ssga Target Retirement 2020 Securit State Street Global Advisors DFE: Common/Collective Trust $0
Ssga Target Retirement 2030 Securit State Street Global Advisors DFE: Common/Collective Trust $0
Total $3,764,657

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.