UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
Form 11-K
x
ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2018
OR
o
TRANSITION REPORT PURSUANT TO SECTION 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from _______________
to _____________
Commission file number: 0-14939
America's Car-Mart, Inc. 401(K) Plan
(Full title of the plan and the address
of the plan, if different from that of issuer named below)
America's Car Mart, Inc.
802 SE Plaza Avenue, Suite 200
Bentonville, AR 72712
(Name of issuer of the securities held pursuant
to the plan and the address of
its principal executive office)
The following financial statements and reports, which have been
prepared pursuant to the requirements of the Employee Retirement Income Security Act of 1974, are filed as part of this Annual
Report on Form 11-K:
Report of Independent Registered Public Accounting Firm
Financial Statements:
Statements of Net Assets Available for Benefits, December 31,
2018 and 2017
Statement of Changes in Net Assets Available for Benefits, Year
Ended December 31, 2018
Notes to Financial Statements
Supplemental Schedules:
Schedule of Assets (Held at End of Year), December 31, 2018
Exhibit 23.1
Consent of Independent Registered Public Accounting Firm
AMERICA'S CAR MART, INC. 401(k) PLAN
FINANCIAL STATEMENTS
AND SUPPLEMENTAL SCHEDULE
AS OF DECEMBER 31, 2018, and 2017,
and
YEAR ENDED DECEMBER 31, 2018
WITH
REPORT OF INDEPENDENT REGISTERED
PUBLIC ACCOUNTING FIRM
CONTENTS
REPORT OF INDEPENDENT REGISTERED PUBLIC
ACCOUNTING FIRM
To the Administrative Committee
America's Car Mart, Inc. 401(k) Plan
Opinion on the Financial Statements
We have audited the accompanying statements
of net assets available for benefits of America's Car Mart, Inc. 401(k) Plan (the Plan) as of December 31, 2018 and 2017, the related
statement of changes in net assets available for benefits for the year ended December 31, 2018 and the related notes to the financial
statements (collectively, financial statements). In our opinion, the financial statements present fairly, in all material respects,
the net assets available for benefits of the Plan as of December 31, 2018 and 2017, and the changes in net assets available for
benefits for the year ended December 31, 2018, in conformity with accounting principles generally accepted in the United States
of America.
Basis for Opinion
These financial statements are the responsibility
of the Plan's management. Our responsibility is to express an opinion on the Plan's financial statements based on our audits. We
are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required
to be independent with respect to the Plan in accordance with U.S. federal securities laws and the applicable rules and regulations
of the Securities and Exchange Commission and the PCAOB.
We conducted our audits in accordance with
the standards of the PCAOB. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether
the financial statements are free of material misstatement, whether due to error or fraud. The Plan has determined it is not required
to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audits included consideration
of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances,
but not for the purpose of expressing an opinion on the effectiveness of the Plan's internal control over financial reporting.
Accordingly, we express no such opinion.
Our audits included performing procedures
to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures
that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures
in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made
by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a
reasonable basis for our opinion.
Report on Supplemental Information
The supplemental information in the accompanying
schedule of assets (held at end of year) as of December 31, 2018, has been subjected to audit procedures performed in conjunction
with the audit of the Plan's financial statements. The supplemental information is presented for the purpose of additional analysis
and is not a required part of the financial statements but includes supplemental information required by the Department of Labor's
Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. The supplemental
information is the responsibility of the Plan's management. Our audit procedures included determining whether the supplemental
information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing
procedures to test the completeness and accuracy of the information presented in the supplemental information. In forming our opinion
on the supplemental information in the accompanying schedule, we evaluated whether the supplemental information, including its
form and content, is presented in conformity with the Department of Labor's Rules and Regulations for Reporting and Disclosure
under the Employee Retirement Income Security Act of 1974. In our opinion, the supplemental information in the accompanying schedule
is fairly stated in all material respects in relation to the financial statements as a whole.
We have served as the Plan's auditor since 2007.
/s/ HOGANTAYLOR LLP
Fayetteville, Arkansas
June 28, 2019
AMERICA'S CAR-MART, INC. 401(k) PLAN
|
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
|
December 31, 2018 and 2017
|
|
|
|
|
|
|
|
2018
|
|
2017
|
Assets
|
|
|
|
|
|
|
|
|
Cash, non-interest bearing
|
|
$
|
-
|
|
|
$
|
2,200
|
|
|
|
|
|
|
|
|
|
|
Investments, at fair value
|
|
|
8,843,102
|
|
|
|
8,117,418
|
|
|
|
|
|
|
|
|
|
|
Receivables:
|
|
|
|
|
|
|
|
|
Notes receivable from participants
|
|
|
548,078
|
|
|
|
486,295
|
|
Accrued interest and dividends
|
|
|
1,808
|
|
|
|
1,130
|
|
|
|
|
|
|
|
|
|
|
Total receivables
|
|
|
549,886
|
|
|
|
487,425
|
|
|
|
|
|
|
|
|
|
|
Total assets
|
|
|
9,392,988
|
|
|
|
8,607,043
|
|
|
|
|
|
|
|
|
|
|
Liabilities
|
|
|
|
|
|
|
|
|
Refunds of excess contributions
|
|
|
18,522
|
|
|
|
20,641
|
|
Due to brokers for securities purchased
|
|
|
-
|
|
|
|
1,010
|
|
|
|
|
|
|
|
|
|
|
Total liabilities
|
|
|
18,522
|
|
|
|
21,651
|
|
|
|
|
|
|
|
|
|
|
Net assets available for benefits
|
|
$
|
9,374,466
|
|
|
$
|
8,585,392
|
|
See notes to the financial statements,
AMERICA'S CAR-MART, INC. 401(k) PLAN
|
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
|
Year ended December 31, 2018
|
|
|
|
Additions to net assets attributable to:
|
|
|
Investment income (loss):
|
|
|
|
|
Net depreciation in fair value of investments
|
|
$
|
(177,750
|
)
|
Interest and dividends
|
|
|
60,288
|
|
|
|
|
|
|
Net investment loss
|
|
|
(117,462
|
)
|
|
|
|
|
|
Interest income on notes receivable from participants
|
|
|
27,787
|
|
|
|
|
|
|
Contributions:
|
|
|
|
|
Participants
|
|
|
1,336,449
|
|
Employer
|
|
|
395,732
|
|
Rollovers
|
|
|
12,640
|
|
|
|
|
|
|
Total contributions
|
|
|
1,744,821
|
|
|
|
|
|
|
Total additions
|
|
|
1,655,146
|
|
|
|
|
|
|
Deductions from net assets attributable to:
|
|
|
|
|
Benefits paid to participants
|
|
|
1,520,848
|
|
|
|
|
|
|
Net increase
|
|
|
134,298
|
|
|
|
|
|
|
Transfer from Colonial Auto Finance, Inc. 401(k) Plan
|
|
|
673,349
|
|
Transfer to Colonial Auto Finance, Inc. 401(k) Plan
|
|
|
(18,573
|
)
|
|
|
|
|
|
Net assets available for benefits, beginning of year
|
|
|
8,585,392
|
|
|
|
|
|
|
Net assets available for benefits, end of year
|
|
$
|
9,374,466
|
|
See notes to the financial statements
AMERICA'S CAR MART, INC. 401(k) PLAN
NOTES TO FINANCIAL STATEMENTS
December 31, 2018 and 2017
Note 1 – Description of Plan
America's Car Mart, Inc. (the
“Company” or “Employer”) sponsors the America's Car Mart, Inc. 401(k) Plan (the “Plan”). The
following description is provided for general information purposes only. Participants should refer to the Plan document for a more
complete description of the Plan's provisions.
General
The Plan is a defined contribution plan
established for the benefit of the employees of the Company. The Plan is subject to the provisions of the Employee Retirement Income
Security Act of 1974 (“ERISA”).
The Plan is administrated by a committee
appointed by the Company. BOKF, NA (the “Trustee”) serves as the trustee of the Plan, processes and maintains the records
of the participant data and holds the Plan's assets.
Eligibility
Employees of the Company are eligible to
participate in the Plan and make salary reduction contributions immediately following the latter of their employment commencement
date or the day they reach 21 years of age and are enrolled in the Plan immediately upon eligibility. The Plan provides for automatic
enrollment at a 2% deferral rate.
Effective July 1, 2019, the eligible employees
will be automatically enrolled at a 3% deferral rate.
Contributions
Participants may contribute up to the maximum
annual dollar amount permissible under the Internal Revenue Code (the Code). Participants who have attained age 50 before the end
of the Plan year are eligible to make catch-up contributions. Participants may also rollover amounts from other qualified plans.
Participants direct the investment of their contributions into various investment options offered by the Plan. The Plan currently
offers various mutual funds, common collective trust funds and Company common stock as investment options for participants.
Under the automatic enrollment feature,
participant contributions are initially invested in a MAP Target Date Fund based on the participant's birth date at the time of
the first deferral contribution if no investment direction is made by the participant. Eligible employees who do not want to make
a contribution may elect to opt out of automatic enrollment, or they may elect a different contribution percentage.
The Plan also provides for discretionary
Employer matching contributions, subject to limitations under the Code. Employees of the Company who have completed one year of
service are eligible to receive matching contributions. A year of service is defined as a 12-consecutive month period in which
an employee has 1,000 or more hours of service.
During 2018, the Company provided a matching contribution equal to 50% of each participant's contributions up to a maximum of 4%
of qualifying participant's compensation. Employer matching contributions are based on deferrals made each pay period.
Effective July 1, 2019, the Company will
provide a matching contribution equal to 50% of each participant's contributions up to a maximum of 6% of qualifying participant's
compensation.
Additional amounts may be contributed by
the Employer under the Plan's profit sharing provisions at the discretion of the Board of Directors of the Company. In order to
be eligible to receive an allocation of Employer profit sharing contributions, participants must complete a year of service, work
1,000 hours during the Plan year, and be employed on the last day of the plan year, unless termination due to death, disability
or retirement. Allocations of profit sharing contributions are based on the proportion of each participants’ compensation
to the total of all participants' eligible compensation, as defined. There were no discretionary profit sharing contributions made
during the year ended December 31, 2018.
Vesting
Participants are immediately vested in
their contributions plus or minus any actual earnings or losses thereon. Vesting in Employer contributions is based upon years
of service according to the following schedule:
Years of Service
|
|
Vesting Percentage
|
|
|
|
One, but less than two
|
|
20
|
%
|
Two, but less than three
|
|
40
|
%
|
Three, but less than four
|
|
60
|
%
|
Four, but less than five
|
|
80
|
%
|
Five or more
|
|
100
|
%
|
Participants automatically become 100%
vested upon normal retirement (attainment of age 65), disability or death. Participants who terminate for any other reason
are entitled to the vested amount of their accounts.
Notes receivable from participants
Participants may borrow from their fund
accounts a minimum of $1,000 up to a maximum equal to the lesser of $50,000, reduced by the difference between the highest outstanding
loan balance during the preceding 12-month period and the outstanding balance of the loans on the date of the loan, or 50% of their
vested account balance. Loan terms are not to exceed five years, unless the loan is for a primary residence, in which case the
term for repayment may not exceed 15 years. The loans are secured by the balance in the participant's account and bear interest
at rates that range from 4.25% to 7.50%, which is based on the prime rate plus one percent on the date of origination. Effective
April 10, 2017, the Plan Administrator elected to increase the interest rate from plus one percent to two percent. Only one loan
may be outstanding at any given time. Principal and interest are paid ratably through payroll deductions.
Forfeitures
Forfeitures of Employer contributions resulting
from participants withdrawing prior to becoming fully vested may be used to restore participant accounts, reduce Employer matching
contributions, pay administrative expenses or reallocated to participant accounts as an additional Employer contribution. During
2018, forfeitures in the amount of $47,315 were used to reduce the Employer matching contributions. The Plan had $454 and $645
in unallocated forfeitures at December 31, 2018 and 2017, respectively.
Participant accounts
Each participant's account is credited
with the participant's contributions, Employer matching contributions, and allocations of Employer profit sharing contributions
and Plan earnings. Participant accounts are charged with an allocation of administrative expenses that are paid by the Plan. Allocations
are based on participant earnings, account balances, or specific participant transactions, as defined. The benefit to which a participant
is entitled is the benefit that can be provided from the participant's vested account.
Payment of benefits
Upon retirement, termination, disability
or death, a participant, or his or her beneficiary in the event of death, may elect to receive a lump-sum amount equal to the vested
value of his or her account. The Plan allows hardship withdrawals, subject to account balance limits and applicable laws. Participants
who were automatically enrolled in the plan have the option to withdraw their deferrals without penalty within 90 days of their
automatic enrollment date.
Upon employee termination, mandatory distributions
are required for balances of less than $5,000. Mandatory distributions above $1,000 made without the participant's consent are
paid in a direct rollover to an individual retirement account designated by the Plan Administrator. Generally, certain minimum
distributions are required for participants who have separated from service and have reached age 70 ½.
Administrative expenses
The Plan allows administrative expenses
to be paid from the Plan's assets.
Note 2 – Summary of Significant
Accounting Policies
Basis of accounting
The accompanying financial statements have
been prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States
of America.
Use of estimates
The preparation of the financial statements
in conformity with accounting principles generally accepted in the United States of America requires the Plan's management to make
estimates and assumptions that affect the reported amounts of assets and liabilities and changes therein, and disclosure of contingent
assets and liabilities. Actual results could differ from those estimates.
Investment valuation and income recognition
Investments are stated at fair value. Fair
value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market
participants at the measurement date. The Plan’s committee determines the Plan’s valuation policies utilizing information
provided by the Trustee. See Note 3 for discussion of fair value measurements.
Purchases and sales of securities are recorded
on a trade-date basis. Dividends are recorded on the ex-dividend date. Interest income is recorded on an accrual basis. Net depreciation
includes the Plan's gains and losses on investments bought and sold, as well as held during the year.
Notes receivable from participants
Notes receivable from participants are
measured at their unpaid principal balance plus any accrued but unpaid interest. No allowance for credit losses has been recorded
as of December 31, 2018 or 2017. If a participant ceases to make loan repayments and the Plan Administrator deems the participant
loan to be in default, the participant loan balance is reduced and a benefit payment is recorded based on the terms of the Plan.
Refunds of excess contributions
Amounts payable to participants for contributions
in excess of amounts allowed by the Code are recorded as a liability with a corresponding reduction to contributions. The Plan
distributed the 2018 and 2017 excess contributions to the applicable participants prior to March 15, 2019 and March 15, 2018, respectively.
Payment of benefits
Benefits are recorded when paid. There
were no benefit payments requested before year end that were not paid.
Note 3 – Fair Value Measurements
Accounting guidance provides a framework
for measuring fair value and provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure
fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or
liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Fair value measurements
are classified and disclosed in one of the following categories:
Level 1: Inputs
to the valuation methodology are unadjusted quoted prices for identical, unrestricted assets or liabilities in active markets that
the Plan has the ability to access.
Level 2: Inputs to
the valuation methodology include:
- Quoted prices for similar assets or liabilities in active markets
- Quoted prices for identical or similar assets or liabilities in inactive markets
- Inputs other than quoted prices that are observable for the asset or liability
- Inputs that are derived principally from or corroborated by observable market data by
correlation or other means for substantially the full term of the assets or liabilities
If the asset or liability has a specified (contractual)
term, the Level 2 input must be observable for substantially the full term of the asset or liability.
Level 3: Inputs
to the valuation methodology are unobservable and significant to the fair value measurement.
The asset or liability's fair value measurement
level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement.
Valuation techniques maximize the use of relevant observable inputs and minimize the use of unobservable inputs. Following is a
description of the valuation methodologies used for assets measured at fair value. There have been no changes in the methodologies
used as of December 31, 2018 and 2017. During the year ended December 31, 2018, there were no transfers of financial instruments
between Level 1 and Level 2. The Plan held no Level 3 assets as of December 31, 2018 or 2017.
Mutual funds:
Valued at
quoted market prices, which represent the net asset value (NAV) of shares held by the Plan at year end.
Company common stock:
Valued
at the closing price reported on the active market on which the individual securities are traded.
Collective investment funds:
Stated at fair value as determined by the issuer of the collective investment funds based on the fair market of the underlying
investments, which is valued at NAV based on the fair market value of the underlying investments less its liabilities. The NAV
is used as a practical expedient to estimate fair value. This practical expedient would not be used if it is determined to be probable
that the fund will sell the investment for an amount different from the reported NAV. There are no restrictions on redemptions
from the collective investment funds, and there are no unfunded commitments to them as of December 31, 2018 or 2017.
These methods may produce a fair value
calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, although the Plan
believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies
or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement
at the reporting date.
The following tables set forth by level, within the fair value
hierarchy, the Plan's investments at fair value:
|
|
|
|
Fair Value Measurement at the End of
the Reporting Period Using
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2018
|
|
(Level 1)
|
|
(Level 2)
|
|
(Level 3)
|
|
|
|
|
|
|
|
|
|
Company common stock
|
|
$
|
1,228,005
|
|
|
$
|
1,228,005
|
|
|
$
|
-
|
|
|
$
|
-
|
|
Mutual funds
|
|
|
3,540,824
|
|
|
|
3,540,824
|
|
|
|
-
|
|
|
|
-
|
|
Collective investment funds measured at NAV*
|
|
|
4,074,273
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total investments at fair value
|
|
$
|
8,843,102
|
|
|
$
|
4,768,829
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
|
|
|
Fair Value Measurement at the End of
the Reporting Period Using
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2017
|
|
(Level 1)
|
|
(Level 2)
|
|
(Level 3)
|
|
|
|
|
|
|
|
|
|
Company common stock
|
|
$
|
686,481
|
|
|
$
|
686,481
|
|
|
$
|
-
|
|
|
$
|
-
|
|
Mutual funds
|
|
|
3,800,189
|
|
|
|
3,800,189
|
|
|
|
-
|
|
|
|
-
|
|
Collective investment funds measured at NAV*
|
|
|
3,630,748
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total investments at fair value
|
|
$
|
8,117,418
|
|
|
$
|
4,486,670
|
|
|
$
|
-
|
|
|
$
|
-
|
|
*In accordance with Subtopic 820-10, certain
investments that are measured at fair value using the NAV per share (or its equivalent) practical expedient have not been categorized
in the fair value hierarchy. The fair value amounts presented in the table above are intended to permit reconciliation of the fair
value hierarchy to the amounts presented in the statements of net assets available for benefits.
Note 4 – Risks and Uncertainties
The Plan provides for investments in various
investment securities, which are in general exposed to various risks, such as interest rate, credit and overall market volatility
risks. Due to the level of risk associated with certain investment securities, it is reasonably possible that changes in the values
of investment securities will occur in the near term and such changes could materially affect participant account balances and
the amounts reported in the statements of net assets available for benefits.
Note 5 – Party-in-Interest Transactions
All collective investment funds are managed
by BOKF, NA. Transactions with such funds qualify as exempt party-in-interest transactions. Fees paid by the Plan for the investment
management services are included in net depreciation in the fair value of investments.
Cavanal Hill Investment Management Inc.
manages the Cavanal Hill Government Securities Money Market Fund and is a wholly-owned subsidiary BOKF, NA.
Certain administrative expenses incurred
in connection with the Plan are paid by the Company. In 2018, the Company paid approximately $110,000, in administrative expenses
on behalf of the Plan. The Company will not seek reimbursement from the Plan for the payment of these expenses. Certain administrative
functions are performed by officers and employees of the Company. No officer or employee receives compensation from the Plan for
these services.
The Plan assets at December 31, 2018 and
2017, also include 16,950 and 15,374 shares, respectively, of America's Car-Mart, Inc. common stock having a fair value of $1,228,005
and $686,481, respectively. The Company is the Plan Sponsor; therefore, these investment transactions qualify as exempt party-in-interest
transactions. Investment in Company common stock is participant directed.
Note 6 – Plan Termination
Although it has not expressed any intent
to do so, the Company has the right under the Plan to discontinue its contributions at any time and terminate the Plan subject
to the provisions of ERISA. In the event of Plan termination, the participants would become fully vested in the Employer's contributions.
Note 7 – Tax Status
The Company adopted a Volume Submitter
Profit Sharing Plan with CODA (the “VSPS Plan”) sponsored by the Trustee. The Internal Revenue Service has determined
and informed the Trustee by a favorable opinion letter dated September 30, 2014, that the VSPS Plan is designed in accordance with
applicable sections of the Code. The VSPS Plan's opinion letter is being relied on by the Plan. The Plan Administrator believes
the Plan is designed and is being operated in compliance with the applicable provisions of the Code. Therefore, the Plan Administrator
believes the Plan is qualified and the related trust is tax-exempt.
Note 8 - Transfers
The Company has a related finance company
which maintains its own 401(k) plan. The two employer groups constitute an affiliated service group and, therefore, benefits in
the plans do not become distributable and the unvested balance in the participant’s account is not forfeitable upon a participants
transfer from one employer to the other. When a participant transfers from one employer to the other, any account balance is treated
as a transfer between the plans.
SUPPLEMENTAL SCHEDULE
AMERICA'S CAR MART, INC. 401(k) PLAN
FORM 5500, SCHEDULE H – Part IV, LINE
4i
SCHEDULE OF ASSETS (Held at End of Year)
EIN: 71-0791606
December 31, 2018
Plan Number: 001
(a)
|
|
(b) Identity of Issue,
|
|
(c) Description of Investment Including Maturity
|
|
(d)
|
|
(e) Current
|
|
|
Borrower, Lessor, or Similar Party
|
|
Date, Rate of Interest, Collateral, Par or Maturity Value
|
|
Cost
|
|
Value
|
|
|
|
|
|
|
|
|
|
|
|
American Beacon
|
|
American Beacon International Equity Fund
|
|
|
**
|
|
|
$
|
354,919
|
|
|
|
American Funds
|
|
American Funds EuroPacific Growth Fund
|
|
|
**
|
|
|
|
24,598
|
|
*
|
|
America's Car-Mart, Inc.
|
|
America's Car-Mart, Inc. Common Stock
|
|
|
**
|
|
|
|
1,228,005
|
|
*
|
|
BOKF, NA
|
|
MAP Target 2030 Fund
|
|
|
**
|
|
|
|
1,228,427
|
|
*
|
|
BOKF, NA
|
|
MAP Target 2050 Fund
|
|
|
**
|
|
|
|
1,054,912
|
|
*
|
|
BOKF, NA
|
|
MAP Target 2040 Fund
|
|
|
**
|
|
|
|
816,808
|
|
*
|
|
BOKF, NA
|
|
MAP Target 2020 Fund
|
|
|
**
|
|
|
|
477,587
|
|
*
|
|
BOKF, NA
|
|
MAP Target 2060 Fund
|
|
|
**
|
|
|
|
386,049
|
|
*
|
|
BOKF, NA
|
|
MAP Target 2010 Fund
|
|
|
**
|
|
|
|
107,380
|
|
*
|
|
BOKF, NA
|
|
MAP Conservative Income Fund
|
|
|
**
|
|
|
|
3,110
|
|
*
|
|
Cavanal Hill
|
|
Cavanal Hill Government Securities Money Market Fund
|
|
|
**
|
|
|
|
658,763
|
|
|
|
Metropolitan West
|
|
Metropolitan West Total Return Bond Fund
|
|
|
**
|
|
|
|
243,713
|
|
|
|
MFS
|
|
MFS Value Fund
|
|
|
**
|
|
|
|
209,852
|
|
|
|
T. Rowe Price
|
|
T. Rowe Price Growth Stock Fund
|
|
|
**
|
|
|
|
532,148
|
|
|
|
Vanguard
|
|
Vanguard Mid-Cap Index Fund
|
|
|
**
|
|
|
|
648,840
|
|
|
|
Vanguard
|
|
Vanguard Small-Cap Index Fund
|
|
|
**
|
|
|
|
439,320
|
|
|
|
Vanguard
|
|
Vanguard 500 Index Fund
|
|
|
**
|
|
|
|
397,981
|
|
|
|
Vanguard
|
|
Vanguard Inflation-Protected Securities Fund
|
|
|
**
|
|
|
|
30,611
|
|
|
|
Vanguard
|
|
Vanguard Short-Term Bond Index Fund
|
|
|
**
|
|
|
|
79
|
|
*
|
|
Notes receivable from participants
|
|
Loans to participants, interest rates at 4.25% to 7.50%, varying maturity dates
|
|
|
-
|
|
|
|
548,078
|
|
|
*
|
Issuer is a party-in-interest to the Plan
|
|
**
|
Column (d) cost
information not required as accounts are participant directed.
|
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the plan administrator of America's Car-Mart, Inc. 401(K) Plan has duly caused this annual report to be signed
on its behalf by the undersigned hereunto duly authorized.
|
AMERICA'S CAR-MART, INC. 401(K) PLAN
|
July 1, 2019
|
|
|
|
|
By:
/s/ Vickie D. Judy
|
|
|
Vickie D. Judy
|
|
|
Plan Administrator
|
EXHIBIT INDEX
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