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Kahlig Motor Company, Inc. North Park Lexus of San Antonio

Plan Rating
FORM 5500 DATA

Kahlig Motor Company, Inc. North Park Lexus of San Antonio 401k Plan

Overview

Plan Information

  • Plan Year01/01/2012 — 12/31/2012
  • Date of Plan07/01/1995
  • Net Assets as of 12/31/2012 $7,311,711
  • 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 Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2012

  • Active (Eligible) Participants140
  • Retired or separated participants receiving benefits1
  • Other retired or separated participants entitled to future benefits2
  • Subtotal143
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total143
  • Total number of participants as of 01/01/2012152
  • Number of participants with account balances127
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested8

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
  • CitySan Antonio
  • StateTX
  • Zip78216
  • Telephone(210) 308-8900
  • EIN74-2705436
  • Industry Code441110
  • Named AdministratorAlan B. Svedlow

Plan Administrator Information

  • Administrator NameNada Retirement Administrators Inc
  • Address8400 Westpark Drive
  • CityMclean
  • StateVA
  • Zip22102
  • Telephone(800) 462-3278
  • Administrator EIN31-1255362

Audit Information

  • Audit StatusAudited
  • AuditorAronson LLC
  • Auditor EIN37-1611326
  • 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.
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 $1,490,177
Contributions $805,411
Cash Contributions $805,411
Cash from Employers $145,000
Cash from Participants $660,411
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $684,766
Total Interest $12,350
Interest-Bearing Cash $467
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $11,883
Interest from Other Investments $0
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 $672,416
Net investment gain (loss) from pooled separate accounts $0
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 $651,875
Total Benefit Payments $645,185
Directly to participants or beneficiaries, including direct rollovers $645,185
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $1,110
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $5,580
Professional Fees $0
Contract Administrator Fees $5,580
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $838,302
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $21,940

Asset and Liability Statement

12/31/2012 12/31/2011 Change YOY
Total Assets $7,312,821 $6,495,349 12.59%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $145,000 $136,000 6.62%
Employer Contributions $145,000 $136,000 6.62%
Participant Contributions $0 $0 0.0%
Other Contributions $0 $0 0.0%
General Investments $0 $6,474 -100.00%
Interest-bearing cash $0 $6,474 -100.00%
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 $247,260 $302,696 -18.31%
Value of interest in common/collective trusts $6,920,561 $6,050,179 14.39%
Value of interest in pooled separate accounts $0 $0 0.0%
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 $0 $0 0.0%
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 $1,110 $0 0.0%
Benefit Claims Payable (1) $1,110 $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 $7,311,711 $6,495,349 12.57%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Nadart
  • Cardinal Bank
  • State Street Global Advisors

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
Nadart Accounting (including auditing), Claims processing, Contract Administrator, Plan Administrator, Recordkeeping and information management (computing, tabulating, data processing, etc.), Named fiduciary, Participant loan processing, Participant communication, Recordkeeping fees, Account maintenance fees Plan Administrator $5,580 $0 $5,580
Total $5,580 $0 $5,580

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
Income Fund National Automobile Dealers Associa DFE: Common/Collective Trust $1,796,920
Nadart Fund National Automobile Dealers Associa DFE: Common/Collective Trust $1,352,473
Ssga Target Retirement 2010 Securit National Automobile Dealers Associa DFE: Common/Collective Trust $390,088
Pimco Total Return Fund National Automobile Dealers Associa DFE: Common/Collective Trust $301,360
Ssga Target Retirement 2025 Sl Seri National Automobile Dealers Associa DFE: Common/Collective Trust $288,911
S and P 500 Large Cap Fund National Automobile Dealers Associa DFE: Common/Collective Trust $288,867
Goldman Sachs Sc Value Cit National Automobile Dealers Associa DFE: Common/Collective Trust $264,222
Ssga Target Retirement 2020 Securit National Automobile Dealers Associa DFE: Common/Collective Trust $238,473
Neuberger Berman Lc Growth National Automobile Dealers Associa DFE: Common/Collective Trust $219,299
S and P 400 Mid Cap Fund National Automobile Dealers Associa DFE: Common/Collective Trust $218,482
Janus Mid Cap Growth Fund National Automobile Dealers Associa DFE: Common/Collective Trust $214,213
International Investors Fund National Automobile Dealers Associa DFE: Common/Collective Trust $204,983
T. Rowe Equity Income Fund National Automobile Dealers Associa DFE: Common/Collective Trust $198,841
Ssga Target Retirement Income Sl SE National Automobile Dealers Associa DFE: Common/Collective Trust $164,545
Russell 2000 Small Cap Fund National Automobile Dealers Associa DFE: Common/Collective Trust $137,146
Pimco All Asset Fund National Automobile Dealers Associa DFE: Common/Collective Trust $132,490
Ssga Target Retirement 2015 Sl Seri National Automobile Dealers Associa DFE: Common/Collective Trust $131,040
Waddell & Reed Core Equity Fund National Automobile Dealers Associa DFE: Common/Collective Trust $117,455
Turner Midcap Growth Fund National Automobile Dealers Associa DFE: Common/Collective Trust $85,451
Acwi Ex-Us International Index National Automobile Dealers Associa DFE: Common/Collective Trust $80,322
Franklin High Yield Fund National Automobile Dealers Associa DFE: Common/Collective Trust $62,076
Ssga Target Retirement 2050 Sl Seri National Automobile Dealers Associa DFE: Common/Collective Trust $22,174
Ssga Target Retirement 2035 Sl Seri National Automobile Dealers Associa DFE: Common/Collective Trust $5,043
Ssga Target Retirement 2040 Securit National Automobile Dealers Associa DFE: Common/Collective Trust $4,132
Tips Index Fund National Automobile Dealers Associa DFE: Common/Collective Trust $900
Ssga Target Retirement 2045 Sl Seri National Automobile Dealers Associa DFE: Common/Collective Trust $297
Vanguard Selected Value Fund National Automobile Dealers Associa DFE: Common/Collective Trust $218
Tcw Small Cap Growth Fund National Automobile Dealers Associa DFE: Common/Collective Trust $140
Total $6,920,561

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.