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FORM 5500 DATA

Guthrie 401K Retirement Savings Plan

Overview

Plan Information

  • Plan Year01/01/2014 — 12/31/2014
  • Date of Plan07/01/1993
  • Net Assets as of 12/31/2014 $261,883,029
  • 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 12/31/2014

  • Active (Eligible) Participants1,586
  • Retired or separated participants receiving benefits5
  • Other retired or separated participants entitled to future benefits1,109
  • Subtotal2,700
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits4
  • Total2,704
  • Total number of participants as of 01/01/20142,010
  • Number of participants with account balances2,643
  • 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

  • Address1 Guthrie Square
  • CitySayre
  • StatePA
  • Zip18840
  • Telephone(570) 887-5004
  • EIN25-0815795
  • Industry Code622000
  • Named AdministratorMichele Y Sisto
  • Named Plan SponsorMichele Y Sisto

Audit Information

  • Audit StatusAudited
  • AuditorBonadio and Company, LLP
  • Auditor EIN16-1131146
  • 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.
2K Code section 401(m) arrangement Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contributions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
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

Financials

Income and Expense Statement

Income $27,220,393
Contributions $14,390,478
Cash Contributions $14,390,478
Cash from Employers $6,415,923
Cash from Participants $6,921,809
Others (including rollovers) $1,052,746
Noncash Contributions $0
Total Earnings on Investments $12,831,969
Total Interest $195,878
Interest-Bearing Cash $123,765
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $72,113
Interest from Other Investments $0
Total Dividends $24,000,110
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 $182,707
Net investment gain (loss) from pooled separate accounts $0
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 $-11,546,726
Other Income $-2,054
Expenses $27,580,962
Total Benefit Payments $27,543,875
Directly to participants or beneficiaries, including direct rollovers $27,543,875
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $15,580
Certain deemed distributions of participant loans $5,988
Interest expense $0
Total Administrative Expenses $15,519
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $15,519
Net Income $-360,569
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2014 12/31/2013 Change YOY
Total Assets $261,943,431 $239,459,492 9.39%
Total noninterest-bearing cash $0 $311,864 -100.00%
Receivables $961,604 $4,046,981 -76.24%
Employer Contributions $396,158 $4,004,719 -90.11%
Participant Contributions $565,446 $42,262 1237.95%
Other Contributions $0 $0 0.0%
General Investments $1,281,234 $0 0.0%
Interest-bearing cash $1,281,234 $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 $1,920,601 $1,827,721 5.08%
Value of interest in common/collective trusts $21,240,765 $19,728,898 7.66%
Value of interest in pooled separate accounts $385,225 $0 0.0%
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 $235,341,868 $213,544,028 10.21%
Value of funds held in insurance co. general account $812,134 $0 0.0%
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 $60,402 $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) $60,402 $0 0.0%
Net Assets $261,883,029 $239,459,492 9.36%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Fid Inv Inst Ops Co
  • TIAA

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
Fid Inv Inst Ops Co Participant loan processing, Sub-transfer agency fees, Recordkeeping fees, Account maintenance fees, Direct payment from the plan Recordkeeper $-68,905 $0 $-68,905
Total $-68,905 $0 $-68,905

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Fid Inv Inst Ops Co Am Cent Growth Inst Sub-transfer agency fees 0.15% $0
Fid Inv Inst Ops Co Dodge & Cox Income - Boston Finan Sub-transfer agency fees 0.08% $0
Fid Inv Inst Ops Co Dodge & Cox Intl Stk- Boston Finan Sub-transfer agency fees 0.10% $0
Fid Inv Inst Ops Co Dode & Cox Stock - Boston Financial Sub-transfer agency fees 0.10% $0
Fid Inv Inst Ops Co Fed Cap Pressrvn Isp Sub-transfer agency fees 0.30% $0
Fid Inv Inst Ops Co M&N Pro-Blend Max I-Manning & Nap Sub-transfer agency fees 0.15% $0
Fid Inv Inst Ops Co M&N Pro-Blend Cnsrv I- Manning & Na Sub-transfer agency fees 0.15% $0
Fid Inv Inst Ops Co M&N Pro-Blend Extend I-Manning & Na Sub-transfer agency fees 0.15% $0
Fid Inv Inst Ops Co M&N Pro-Blnd Modtrm I- Manning & Na Sub-transfer agency fees 0.15% $0
Fid Inv Inst Ops Co M&N Target Income I-Manning & Nap Sub-transfer agency fees 0.15% $0
Fid Inv Inst Ops Co M&N Target 2010 I -Manning & Nap Sub-transfer agency fees 0.15% $0
Fid Inv Inst Ops Co M&N Target 2020 I -Manning & Nap Sub-transfer agency fees 0.15% $0
Fid Inv Inst Ops Co M&N Target 2030 I - Manning & Nap Sub-transfer agency fees 0.15% $0
Fid Inv Inst Ops Co M&N Target 2040 I - Manning & Nap Sub-transfer agency fees 0.15% $0
Fid Inv Inst Ops Co M&N Target 2050 I - Manning & Nap Sub-transfer agency fees 0.15% $0
Fid Inv Inst Ops Co Pim All Asset Inst-Boston Fin Sub-transfer agency fees 0.03% $0
Fid Inv Inst Ops Co Royce Premier Inst- Boston Fin Sub-transfer agency fees 0.05% $0
Fid Inv Inst Ops Co Vaughn Nel Val Op Y-Boston Fin Sub-transfer agency fees 0.25% $0
Fid Inv Inst Ops Co Wm Blair Intl Grth I-Boston Fin Sub-transfer agency fees 0.15% $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.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Federated Capital Preservation Fund Federated Investors Trust Co DFE: Common/Collective Trust $17,044,009
Fidelity Managed Inc Portfolio II Fidelity Management Trust Co DFE: Common/Collective Trust $4,196,757
Tiaa Real Estate Tiaa-Cref DFE: Pooled Separate Account $373,402
Tiaa Real Estate Tiaa-Cref DFE: Pooled Separate Account $8,775
Tiaa Real Estate Tiaa-Cref DFE: Pooled Separate Account $3,048
Total $21,625,991

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Tiaa-Cref 534
EIN 13-1624203
Industry Code 69345
Contract Number 346994
Contract Year 01/01/2014 — 12/31/2014
Value in General Account at Year End $767,548
Value in Separate Accounts at Year End $4,738,359
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 Guaranteed Investment
Balance at the end of the previous year $725,134
Additions $60,921
Contributions Deposited during the year $13,735
Dividends and credits $0
Interest credited during the year $30,513
Transferred from separate account $16,673
Other $0
Total of Balance and Additions $786,055
Deductions $18,507
Disbursed from fund to pay benefits or purchase annuities during the year $13,525
Administration charge made by carrier $0
Transferred to Separate Account $4,982
Other $0
Balance at the end of the current year $767,548
Tiaa-Cref 8
EIN 13-1624203
Industry Code 69345
Contract Number 346996
Contract Year 01/01/2014 — 12/31/2014
Value in General Account at Year End $19,169
Value in Separate Accounts at Year End $109,360
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 Guaranteed Investment
Balance at the end of the previous year $18,999
Additions $614
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $614
Transferred from separate account $0
Other $0
Total of Balance and Additions $19,613
Deductions $444
Disbursed from fund to pay benefits or purchase annuities during the year $444
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $19,169
TIAA 6
EIN 13-1624203
Industry Code 69345
Contract Number 346998
Contract Year 01/01/2014 — 12/31/2014
Value in General Account at Year End $25,416
Value in Separate Accounts at Year End $96,882
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 Guaranteed Investment
Balance at the end of the previous year $24,438
Additions $978
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $978
Transferred from separate account $0
Other $0
Total of Balance and Additions $25,416
Deductions $0
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $25,416