Back to top

Overview

Plan Information

  • Plan Year01/01/2017 — 12/31/2017
  • Date of Plan07/01/2002
  • Net Assets as of 12/31/2017 $11,124,356
  • Plan Number2
  • 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 12/31/2017

  • Active (Eligible) Participants330
  • Retired or separated participants receiving benefits2
  • Other retired or separated participants entitled to future benefits38
  • Subtotal370
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total370
  • Total number of participants as of 01/01/2017367
  • Number of participants with account balances315
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested0

Expenses

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

Sponsor Information

  • Address433 South Kinzer Avenue
  • CityNew Holland
  • StatePA
  • Zip17557
  • Telephone(717) 355-6000
  • EIN23-2640814
  • Industry Code623000
  • Named AdministratorBryan Groff

Audit Information

  • Audit StatusAudited
  • AuditorBaker Tilly Virchow Krause, LLP
  • Auditor EIN23-2932984
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
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.
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.

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 $2,591,946
Contributions $1,129,087
Cash Contributions $1,129,087
Cash from Employers $435,279
Cash from Participants $691,610
Others (including rollovers) $2,198
Noncash Contributions $0
Total Earnings on Investments $1,462,859
Total Interest $23,392
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 $23,392
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 $1,439,467
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 $682,952
Total Benefit Payments $655,872
Directly to participants or beneficiaries, including direct rollovers $655,872
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $27,080
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $24,490
Other Administrative Fees $2,590
Net Income $1,908,994
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2017 12/31/2016 Change YOY
Total Assets $11,124,356 $9,215,362 20.72%
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 $10,487,129 $8,534,907 22.87%
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 $637,227 $680,455 -6.35%
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 $11,124,356 $9,215,362 20.72%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Transamerica 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
Pensionmark Financial Group Investment advisory (plan), Direct payment from the plan Investment Advisory -Plan $24,490 $0 $24,490
Transamerica Life Insurance Company Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Investment management fees paid indirectly by plan, Float revenue, Recordkeeping fees, Other insurance wrap fees Recordkeeper $2,590 $0 $2,590
Total $27,080 $0 $27,080

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
Jpmorgan Smartretirement 2025 Transamerica Life Insurance Co. DFE: Pooled Separate Account $1,506,422
Jpmorgan Smartretirement 2020 Transamerica Life Insurance Co. DFE: Pooled Separate Account $1,309,042
Ta Vanguard Total Stock Market Ind Transamerica Life Insurance Co. DFE: Pooled Separate Account $1,185,019
Jpmorgan Smartretirement 2030 Transamerica Life Insurance Co. DFE: Pooled Separate Account $1,118,510
Jpmorgan Smartretirement Inc Transamerica Life Insurance Co. DFE: Pooled Separate Account $1,063,319
Jpmorgan Smartretirement 2040 Transamerica Life Insurance Co. DFE: Pooled Separate Account $709,940
Mfs Intl Diversification Transamerica Life Insurance Co. DFE: Pooled Separate Account $613,838
Pimco Income Transamerica Life Insurance Co. DFE: Pooled Separate Account $589,916
Ta Vanguard Small-Cap Index Ret Opt Transamerica Life Insurance Co. DFE: Pooled Separate Account $419,708
Jpmorgan Smartretirement 2035 Transamerica Life Insurance Co. DFE: Pooled Separate Account $408,789
Jpmorgan Smartretirement 2050 Transamerica Life Insurance Co. DFE: Pooled Separate Account $408,080
Jpmorgan Smartretirement 2045 Transamerica Life Insurance Co. DFE: Pooled Separate Account $400,335
Ta Vanguard Reit Index Ret Opt Transamerica Life Insurance Co. DFE: Pooled Separate Account $339,579
Jpmorgan Smartretirement 2055 Transamerica Life Insurance Co. DFE: Pooled Separate Account $228,934
Federated Institutional High Yield Transamerica Life Insurance Co. DFE: Pooled Separate Account $185,698
Jpmorgan Smartretirement 2015 Transamerica Life Insurance Co. DFE: Pooled Separate Account $0
Total $10,487,129

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Transamerica Life Insurance Company 315
EIN 39-0989781
Industry Code 86231
Contract Number 806214
Contract Year 01/01/2017 — 12/31/2017
Value in General Account at Year End $637,227
Value in Separate Accounts at Year End $10,487,129
Insurance Fees and Commissions $0
Persons Receiving Commissions and Fees There are no brokers listed for this plan.
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 STABLE VALUE OPTION
Balance at the end of the previous year $680,455
Additions $76,285
Contributions Deposited during the year $35,261
Dividends and credits $0
Interest credited during the year $16,940
Transferred from separate account $9,777
Other $14,307
Total of Balance and Additions $756,740
Deductions $119,513
Disbursed from fund to pay benefits or purchase annuities during the year $94,382
Administration charge made by carrier $641
Transferred to Separate Account $0
Other $24,490
Balance at the end of the current year $637,227