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National Customer Engineering, Inc. 401k Profit Sharing Plan


Plan Information

  • Plan Year10/01/2011 — 09/30/2012
  • Date of Plan10/01/1985
  • Net Assets as of 09/30/2012 $1,453,286
  • Plan Number1
  • 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 09/30/2012

  • Active (Eligible) Participants119
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits62
  • Subtotal181
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total181
  • Total number of participants as of 10/01/2011137
  • Number of participants with account balances122
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested18


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

Sponsor Information

  • Address1866 Friendship Drive
  • CityEl Cajon
  • StateCA
  • Zip92020-1130
  • Telephone(619) 212-3000
  • EIN95-3634361
  • Industry Code335900
  • Named AdministratorKeith Ranson
  • Named Plan SponsorKeith Ranson

Plan Administrator Information

  • Administrator NameNational Customer Engineering, Inc.
  • Address1866 Friendship Drive
  • CityEl Cajon
  • StateCA
  • Zip92020-1130
  • Telephone(619) 212-3000
  • Administrator EIN95-3634361

Audit Information

  • Audit StatusAudited
  • AuditorGeorge Teats, Jr., CPA
  • Auditor EIN33-0536180
  • 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.

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? Yes $180,696
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 $265,000
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? Yes
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 $494,628
Contributions $251,080
Cash Contributions $251,080
Cash from Employers $39,045
Cash from Participants $210,330
Others (including rollovers) $1,705
Noncash Contributions $0
Total Earnings on Investments $243,548
Total Interest $4,287
Interest-Bearing Cash $937
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $2,222
Interest from Other Investments $1,128
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 $239,261
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 $221,434
Total Benefit Payments $186,336
Directly to participants or beneficiaries, including direct rollovers $186,336
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $34,037
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $1,061
Professional Fees $0
Contract Administrator Fees $1,061
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $273,194
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

09/30/2012 09/30/2011 Change YOY
Total Assets $1,488,382 $1,183,942 25.71%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $9,446 $38,354 -75.37%
Employer Contributions $2,512 $7,306 -65.62%
Participant Contributions $6,934 $31,048 -77.67%
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 $56,689 $59,848 -5.28%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $1,231,817 $1,051,076 17.20%
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 $190,430 $34,664 449.36%
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 $35,096 $3,850 811.58%
Benefit Claims Payable (1) $35,096 $3,850 811.58%
Operating Payables (1) $0 $0 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $1,453,286 $1,180,092 23.15%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

There is no information on eligible indirect compensation for this plan.

Other Service Providers Receiving Direct or Indirect Compensation

There are no service providers listed for this plan.

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.



Name of Investment Investment Manager Type of Investment Dollar Value
Future Funds Series Account II Grea Great-West Life & Annuity Insurance DFE: Pooled Separate Account $1,231,817
Total $1,231,817

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Great-West Retirement Services 122
EIN 84-0467907
Industry Code 68322
Contract Number 91298-01
Contract Year 10/01/2011 — 09/30/2012
Value in General Account at Year End $190,430
Value in Separate Accounts at Year End $1,231,817
Insurance Fees and Commissions $0
Persons Receiving Commissions and Fees There are no brokers listed for this plan.
Allocated Funds
Type of Contract Group Deferred Annuity
Basis of premium rates 0
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 $34,664
Additions $188,944
Contributions Deposited during the year $12,416
Dividends and credits $0
Interest credited during the year $937
Transferred from separate account $169,122
Other $6,469
Total of Balance and Additions $223,608
Deductions $33,178
Disbursed from fund to pay benefits or purchase annuities during the year $4,065
Administration charge made by carrier $47
Transferred to Separate Account $29,066
Other $0
Balance at the end of the current year $190,430