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Martz Retirement & Savings Plan


Plan Information

  • Plan Year01/01/2017 — 12/31/2017
  • Date of Plan01/01/1979
  • Net Assets as of 12/31/2017 $9,234,626
  • 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) Participants178
  • Retired or separated participants receiving benefits1
  • Other retired or separated participants entitled to future benefits30
  • Subtotal209
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total209
  • Total number of participants as of 01/01/2017215
  • Number of participants with account balances198
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested6


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

Sponsor Information

  • Address239 Old River Road
  • CityWilkes-Barre
  • StatePA
  • Zip18702
  • Telephone(570) 821-3838
  • EIN24-0654440
  • Industry Code485990
  • Named AdministratorDouglas Forbes
  • Named Plan SponsorDouglas Forbes

Audit Information

  • Audit StatusAudited
  • AuditorKronick Kalada Berdy & Co., P.C
  • Auditor EIN23-2667890
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
2E Profit-sharing A defined contribution plan that allows employer discretionary contributions. These plans often contain a 401(k) feature.
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.
2S Automatic Enrollment Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
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.
3H Controlled Group Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

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


Income and Expense Statement

Income $1,679,333
Contributions $568,094
Cash Contributions $568,094
Cash from Employers $204,654
Cash from Participants $363,440
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $1,111,226
Total Interest $19,988
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $5,923
Interest from Other Investments $14,065
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 $1,091,238
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 $13
Expenses $444,705
Total Benefit Payments $434,010
Directly to participants or beneficiaries, including direct rollovers $434,010
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 $10,695
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $10,695
Net Income $1,234,628
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 $9,234,626 $7,999,998 15.43%
Total noninterest-bearing cash $13 $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 $99,185 $121,608 -18.44%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $6,531,212 $5,385,611 21.27%
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 $2,604,216 $2,492,779 4.47%
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 $9,234,626 $7,999,998 15.43%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Prudential Retirement Insurance and

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
Kronick, Kalada, Berdy & Co. P.C. Other services NONE $6,750 $0 $6,750
Prudential Retirement Insurance and Contract Administrator, Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Direct payment from the plan, Recordkeeping fees NONE $3,720 $0 $3,720
Total $10,470 $0 $10,470

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Prudential Retirement Insurance and Prudential Retirement Insurance and Recordkeeping and information management (computing, tabulating, data processing, etc.), Recordkeeping fees 35.000 Bps and $0.00 Per Participant Invested In The Fund From 1/1/2017 To 12/31/2017 Guaranteed Income Fund $0
*As outlined by the Form 5500 Instructions for service providers with indirect compensation.

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.



Name of Investment Investment Manager Type of Investment Dollar Value
Lcv/Lsv Asset Mgmt Prudential Retirement Ins. DFE: Pooled Separate Account $2,468,088
Sa/Trowe Pr Gr Stk Str II Prudential Retirement Ins. DFE: Pooled Separate Account $1,310,755
Intl Bld/Aqr Fund Prudential Retirement Ins. DFE: Pooled Separate Account $722,566
Core Plus Bond / Pgim Fun Prudential Retirement Ins. DFE: Pooled Separate Account $467,501
Dryden S&P 500 Index Fund Prudential Retirement Ins. DFE: Pooled Separate Account $419,924
Balanced I/Wellington Prudential Retirement Ins. DFE: Pooled Separate Account $410,688
Scv/Kennedy Capital Prudential Retirement Ins. DFE: Pooled Separate Account $189,541
Sa/Inv Sm Cap Grow Strat Prudential Retirement Ins. DFE: Pooled Separate Account $187,389
Mcv/Robeco Fund Prudential Retirement Ins. DFE: Pooled Separate Account $176,098
Mcg/Frontier Capital Prudential Retirement Ins. DFE: Pooled Separate Account $164,450
Pru Day One Ifx Trgt Bal Prudential Retirement Ins. DFE: Pooled Separate Account $14,212
Scg I Managed By Brown Prudential Retirement Ins. DFE: Pooled Separate Account $0
Total $6,531,212

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Prudential Retirement Insurance and Annuity Company 209
EIN 06-1050034
Industry Code 93629
Contract Number 040033
Contract Year 01/01/2017 — 12/31/2017
Value in General Account at Year End $2,604,216
Value in Separate Accounts at Year End $6,531,212
Insurance Fees and Commissions $21,225
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
M & T Securities, Inc. Attn Vickie Karz Buffalo, NY 14202 -1885 Agent or Broker other than Insurance $0 $21,225 SERVICES TO INSURER OR 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
Balance at the end of the previous year $2,492,779
Additions $348,254
Contributions Deposited during the year $204,440
Dividends and credits $0
Interest credited during the year $14,065
Transferred from separate account $97,225
Other $32,524
Total of Balance and Additions $2,841,033
Deductions $236,817
Disbursed from fund to pay benefits or purchase annuities during the year $200,801
Administration charge made by carrier $243
Transferred to Separate Account $2,673
Other $33,100
Balance at the end of the current year $2,604,216