Profile
Permian Ford-Lincoln 401(K) Profit Sharing Plan in Hobbs, NM is in New Mexico, its EIN is 850203221, its industry group is Automobile Dealers, its plan administrator is Deric Gray, is a profit-sharing plan, covered by a fidelity bond, an ERISA section 404(c) plan, self-administered by the plan sponsor, provides for automatic enrollment, is a single-employer plan, its business code is 441110, has 100 to 499 total participants, is worse than the overall plan medians in each of total income, net income, participant loans as a percentage of plan assets, corrective distributions, and yield on beginning-of-plan-year total assets (5 total), and is better than the overall participant averages in each of net income per total participant, average account balance, and total administrative expense per participant.
Numeric values:
- total assets at beginning of plan year ($7,761,242)
- net assets (assets minus liabilities) ($6.50M)
- total assets ($6,488,848)
- value of interest in registered investment companies (e.g., mutual funds) ($5.70M)
- value of interest in common/collective trusts ($707,001)
- cash contributions from participants ($648,865)
- total contributions ($648,865)
- total expenses ($264,949)
- participant loans ($131,797)
- average account balance ($28,212)
- average employer+participant cash contribution per active participant ($2,963)
- average participant cash contribution per active participant ($2,963)
- contract administrator fees ($1,810)
- total administrative expenses ($1,810)
- corrective distributions ($394)
- total administrative expense per participant ($7.87)
- total noninterest-bearing cash ($0)
- receivables - employer contributions ($0)
- receivables - participant contributions ($0)
- other receivables (not employer nor participant contributions) ($0)
- interest-bearing cash (e.g., money market accounts, certificates of deposit) ($0)
- U.S. government securities ($0.0K)
- corporate debt instruments (preferred & other than employer securities) ($0)
- corporate debt instruments (below preferred & other than employer securities) ($0)
- corporate preferred stocks (other than employer securities) ($0)
- corporate common stocks (other than employer securities) ($0)
- partnership/joint venture interests ($0)
- real estate (other than employer real property) ($0)
- loans (other than to participants) ($0)
- value of interest in pooled separate accounts ($0)
- value of interest in master trust investment accounts ($0.0K)
- value of interest in 103-12 investment entities ($0)
- value of funds held in insurance company general account (unallocated contracts) ($0)
- other general investments ($0)
- employer-related securities investments ($0)
- employer-related real-property investments ($0)
- buildings and other property used in plan operation ($0)
- total liabilities ($0)
- cash contributions from employers ($0)
- professional fees ($0)
- investment advisory and management fees ($0)
- other administrative expenses ($0)
- asset transfers to the plan ($0)
- asset transfers from the plan ($0)
- average employer cash contribution per active participant ($0.00)
- net income per total participant (-$5,532)
- total income (-$1,007,445)
- net income (-$1,272,394)
- earnings on investments (-$1,656,989)
- net earnings on investments (-$1,656,989)
- percentage of active participants (95.2%)
- diversity of asset types (13.9%)
- participant loans as a percentage of plan assets (2.03%)
- total administrative expense ratio (0.028%)
- total cash as a percentage of plan assets (0.00%)
- employer securities as a percentage of plan assets (0.00%)
- growth in total assets during the plan year (-16.4%)
- yield on beginning-of-plan-year total assets (-21.35%)
- active participants (219)
- deceased participants whose beneficiaries receive or are entitled to benefits (0)
- living participants (230)
- other retired or separated participants entitled to future benefits (10)
- retired or separated participants receiving benefits (1)
- total participants (230)