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BENEFIT PLAN
12 Months Ended
Dec. 31, 2012
BENEFIT PLAN  
BENEFIT PLAN

13.                BENEFIT PLAN

 

Good Sam Enterprises, LLC

Effective January 1 2012, the Good Sam Enterprises, LLC 401(k) Plan, qualified under Section 401(a) and 401(k) of the Internal Revenue Service Code of 1986, as amended (the “Code”) was merged with the FreedomRewards 401(k) Defined Contribution Plan.  All employees over age eighteen, including the Executive Officers, are eligible to participate in the 401(k) Plan.  Any favorable vesting was grandfathered for any impacted participants pursuant to FreedomRewards 401(k) Plan amendment No. 3 signed December 15, 2011 and effective January 1, 2012. Employees may defer up to 75% of their eligible compensation up to Internal Revenue Service limits electing pre-tax contributions or post-tax contributions (Roth contributions).  The Company did not contribute to the plan in 2012, 2011, or 2010.

 

Camping World, Inc.

Beginning January 1, 2007, Camping World elected to no longer participate in the Good Sam Enterprises, LLC 401(k) Plan and elected to begin participating in the FreedomRoads 401(k) Defined Contribution Plan, FreedomRewards 401(k) Plan, qualified under Section 401(a) and 401(k) of the Internal Revenue Service Code of 1986, as amended (the “Code”).  All employees over the age of eighteen, including the Executive Officers are eligible to participate in the 401(k) Plan.  Non-highly compensated employees may defer up to 75% of their eligible compensation up to the Internal Revenue Service limits.  Highly compensated employees may defer up to 15% of their eligible compensation up to the Internal Revenue Service limits.  The Company did not contribute to the plan in 2012, 2011 or 2010.