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Home>401K Directory>Kennesaw Motor Sales Inc Dba Cobb County Toyota 401k Plan>Form 5500

Kennesaw Motor Sales, Inc. d/b/a Cobb County Toyota

Plan Rating
OverviewFinancialsService ProvidersInvestmentsInsurance Information
FORM 5500 DATA

Kennesaw Motor Sales, Inc. d/b/a Cobb County Toyota 401k Plan

Form 5500 Year:

Plan Rating
OverviewFinancialsService ProvidersInvestmentsInsurance Information

Overview

Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan04/01/2007
  • Net Assets as of 12/31/2019 $6,460,644
  • 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) Participants125
  • Retired or separated participants receiving benefits1
  • Other retired or separated participants entitled to future benefits20
  • Subtotal146
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total146
  • Total number of participants as of 01/01/2019136
  • Number of participants with account balances105
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2

Expenses

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

Sponsor Information

  • Address2111 Barrett Lakes Blvd NW
  • CityKennesaw
  • StateGA
  • Zip30144
  • Telephone(770) 422-8555
  • EIN65-0234141
  • Industry Code441110

Audit Information

  • Audit StatusAudited
  • AuditorLong and Associates Pc
  • Auditor EIN35-2009629
  • 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 $1,873,110
Contributions $709,291
Cash Contributions $709,291
Cash from Employers $141,400
Cash from Participants $567,891
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $1,163,819
Total Interest $3,434
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $0
Interest from Other Investments $3,434
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 $1,160,385
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 $178,695
Total Benefit Payments $155,997
Directly to participants or beneficiaries, including direct rollovers $155,997
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $19,336
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $3,362
Professional Fees $0
Contract Administrator Fees $2,900
Investment Advisory and management fees $462
Other Administrative Fees $0
Net Income $1,694,415
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $179,304

Asset and Liability Statement

12/31/2019 12/31/2018 Change YOY
Total Assets $6,460,644 $4,625,511 39.67%
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 $0 $0 0.0%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $6,318,904 $4,416,135 43.09%
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 $141,740 $209,376 -32.30%
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 $6,460,644 $4,625,511 39.67%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Sentry 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
Sentry Life Insurance Company Recordkeeping fees Recordkeeper $2,900 $0 $2,900
Total $2,900 $0 $2,900

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
2035 Target Retirement Account IV Sentry Life Insurance Company DFE: Pooled Separate Account $832,449
Large Cap Blend Account III Sentry Life Insurance Company DFE: Pooled Separate Account $655,631
Mid-Cap Index Account II Sentry Life Insurance Company DFE: Pooled Separate Account $589,217
Small-Mid Cap Growth Account Sentry Life Insurance Company DFE: Pooled Separate Account $573,701
Small Cap Value Index Account Sentry Life Insurance Company DFE: Pooled Separate Account $457,398
Foreign Large Index Account Sentry Life Insurance Company DFE: Pooled Separate Account $359,156
Large Cap Index Account Sentry Life Insurance Company DFE: Pooled Separate Account $357,642
Aggressive Growth Account Sentry Life Insurance Company DFE: Pooled Separate Account $329,063
2025 Target Retirement Account IV Sentry Life Insurance Company DFE: Pooled Separate Account $311,299
Small Cap Index Account Sentry Life Insurance Company DFE: Pooled Separate Account $294,670
Balanced Allocation Account Sentry Life Insurance Company DFE: Pooled Separate Account $260,323
Small Cap Blend Account III Sentry Life Insurance Company DFE: Pooled Separate Account $213,901
Large Cap Value Account Sentry Life Insurance Company DFE: Pooled Separate Account $192,319
2045 Target Retirement Account IV Sentry Life Insurance Company DFE: Pooled Separate Account $185,818
Global Real Estate Account Sentry Life Insurance Company DFE: Pooled Separate Account $138,541
Total Bond Index Account Sentry Life Insurance Company DFE: Pooled Separate Account $125,452
2055 Target Retirement Account IV Sentry Life Insurance Company DFE: Pooled Separate Account $98,738
High Yield Bond Account Sentry Life Insurance Company DFE: Pooled Separate Account $81,059
Foreign Large Blend Account Sentry Life Insurance Company DFE: Pooled Separate Account $56,488
Intermediate Term Bond Account III Sentry Life Insurance Company DFE: Pooled Separate Account $52,569
2015 Target Retirement Account IV Sentry Life Insurance Company DFE: Pooled Separate Account $51,986
Tips Account Sentry Life Insurance Company DFE: Pooled Separate Account $22,807
2010 Target Retirement Account IV Sentry Life Insurance Company DFE: Pooled Separate Account $20,759
Emerging Markets Index Account Sentry Life Insurance Company DFE: Pooled Separate Account $13,708
Mid-Cap Value Index Account Sentry Life Insurance Company DFE: Pooled Separate Account $13,217
2060 Target Retirement Account IV Sentry Life Insurance Company DFE: Pooled Separate Account $12,523
2040 Target Retirement Account IV Sentry Life Insurance Company DFE: Pooled Separate Account $8,670
2050 Target Retirement Account IV Sentry Life Insurance Company DFE: Pooled Separate Account $6,919
2020 Target Retirement Account IV Sentry Life Insurance Company DFE: Pooled Separate Account $2,681
2030 Target Retirement Account IV Sentry Life Insurance Company DFE: Pooled Separate Account $200
Total Stock Index Account Sentry Life Insurance Company DFE: Pooled Separate Account $0
Large Cap Blend Account IV Sentry Life Insurance Company DFE: Pooled Separate Account $0
Total $6,318,904

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Sentry Life Insurance Company 146
EIN 39-6040276
Industry Code 68810
Contract Number 01-09363-01
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $0
Value in Separate Accounts at Year End $6,318,904
Insurance Fees and Commissions $1,683
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Sentry Life Insurance Company 1800 North Point Drive Stevens Point, WI 54481 Insurance Agent or Broker $1,683 $0
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 Deposit Administration
Balance at the end of the previous year $209,376
Additions $81,384
Contributions Deposited during the year $33,322
Dividends and credits $0
Interest credited during the year $3,434
Transferred from separate account $44,628
Other $0
Total of Balance and Additions $290,760
Deductions $149,020
Disbursed from fund to pay benefits or purchase annuities during the year $131,570
Administration charge made by carrier $2,871
Transferred to Separate Account $792
Other $13,787
Balance at the end of the current year $141,740