2012-10-22T08:40:04-05:00 2011-12-31 560747981 DIXON HUGHES GOODMAN LLP 2501 BLUE RIDGE ROAD SUITE 500 RALEIGH NC 27607 990 2011-01-01 561804113 HENDRICK AUTOMOTIVE GROUP EMPLOYEE BENEFIT TRUST HEND 7045685550 6000 MONROE ROAD NO 100 CHARLOTTE NC 28212 I THOMAS YOPP 7045685550 2012-10-16 HEATHER HORTON P00449619 9198764546 2012-10-16 2011 2016-02-24 21:20:13Z VERONICA ZAYATZ 6000 MONROE ROAD SUITE 100 CHARLOTTE NC 28212 42226683 0 X N/A X 1994 NC PROVIDE HEALTH CARE AND LIFE INSURANCE BENEFITS 4 0 0 0 0 0 0 0 34744159 42226683 0 0 0 0 34744159 42226683 0 0 33368041 36127784 0 0 0 0 0 5380791 5848446 38748832 41976230 -4004673 250453 7616878 7867331 0 0 7616878 7867331 PROVIDE HEALTH CARE AND LIFE INSURANCE BENEFITS 0 0 41976230 THE HENDRICK EMPLOYEE BENEFIT TRUST WAS ESTABLISHED AS A VOLUNTARY EMPLOYEES BENEFICIARY ASSOCIATION USED FOR FUNDING AND PAYMENT OF PLAN BENEFITS FOR THE EMPLOYEES OF HENDRICK AUTOMOTIVE GROUP. PLAN BENEFITS INCLUDE MAJOR MEDICAL, DENTAL EXPENSE, AND GROUP LIFE INSURANCE. 41976230 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 X VERONICA ZAYATZ 7045685550 6000 MONROE ROAD SUITE 100 CHARLOTTE NC 28212 X KIRK HEPPLER 1.00 X 0 0 0 I THOMAS YOPP III 1.00 X 0 0 0 THOMAS BLOCKER 1.00 X 0 0 0 GARY DAVIS 1.00 X 0 0 0 0 0 0 0 0 0 0 CORESOURCE 5200 77 CENTER DRIVE STE 400 CHARLOTTE NC 28217 FACILITATES PLAN CLAIMS 1239578 1 EMPLOYER CONTRIBUTIONS 525100 35078526 35078526 EMPLOYEE CONTRIBUTIONS 525100 7148157 7148157 42226683 42226683 42226683 0 0 36127784 36127784 4311617 4311617 ADMINISTRATIVE EXPENSES 1536829 1536829 41976230 41976230 0 0 7049963 7257665 566915 609666 7616878 7867331 0 0 X 0 0 0 0 7616878 7867331 7616878 7867331 7616878 7867331 250453 0 X X 0 1 1 X 0 0 42226683 41976230 250453 250453 42226683 0 42226683 0 42226683 41976230 0 41976230 0 41976230 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE FOLLOWING IS AN EXCERPT FROM THE FINANCIAL STATEMENT OF HENDRICK AUTOMOTIVE GROUP EMPLOYEE BENEFIT PLAN REGARDING THE ADOPTION OF FIN 48: THE TRUST ESTABLISHED UNDER THE PLAN TO HOLD THE PLAN'S ASSETS IS INTENDED TO QUALIFY PURSUANT TO SECTION 501(C)(9) OF THE INTERNAL REVENUE CODE ("IRC") AND, ACCORDINGLY, THE TRUST'S NET INVESTMENT INCOME IS EXEMPT FROM INCOME TAXES. THE TRUST OBTAINED A FAVORABLE TAX DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE ("IRS"), AND THE PLAN SPONSOR BELIEVES THAT THE TRUST, AS AMENDED, CONTINUES TO QUALIFY AND OPERATE IN ACCORDANCE WITH APPLICABLE PROVISIONS OF THE IRC. GAAP REQUIRES PLAN MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE PLAN HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. THE PLAN ADMINISTRATOR HAS ANALYZED THE TAX POSITIONS TAKEN BY THE PLAN, AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2011, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE PLAN ADMINISTRATOR BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2008. FORM 990, PART VI, SECTION A, LINE 1 NONE OF THE TRUSTEES ARE INDEPENDENT AS THEY ARE ALL PAID EMPLOYEES OF HENDRICK AUTOMOTIVE GROUP, A RELATED PARTY. FORM 990, PART VI, SECTION B, LINE 11 THE CHIEF ACCOUNTING OFFICER AND THE CHIEF ADMINISTRATIVE OFFICER REVIEW THE FORM 990 ONCE IT IS PREPARED BY THE ORGANIZATION'S OUTSIDE ACCOUNTING FIRM. THE FORM 990 IS PROVIDED TO THE GOVERNING BODY, THE BOARD OF TRUSTEES, PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION PROVIDES COPIES UPON REQUEST. FORM 990, PART XII, LINE 2C THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR. HENDRICK AUTOMOTIVE GROUP 6000 MONROE ROAD CHARLOTTE NC 28212 561794980 AUTOMOTIVE SALES NC N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0