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FORM 5500 DATA

Buffalo Marine Service, Inc. 401k Plan

Overview

Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan01/01/2009
  • Net Assets as of 12/31/2019 $7,250,680
  • 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 12/31/2019

  • Active (Eligible) Participants146
  • Retired or separated participants receiving benefits1
  • Other retired or separated participants entitled to future benefits13
  • Subtotal160
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total160
  • Total number of participants as of 01/01/2019148
  • Number of participants with account balances83
  • 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

  • AddressP.O. Box 5006
  • CityHouston
  • StateTX
  • Zip77262-5006
  • Telephone(713) 923-5571
  • EIN74-1700310
  • Industry Code488300
  • Named AdministratorPatrick Studdert

Audit Information

  • Audit StatusAudited
  • AuditorBriggs & Veselka Co.
  • Auditor EIN74-1769118
  • 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.
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 $2,111,285
Contributions $933,086
Cash Contributions $933,086
Cash from Employers $324,245
Cash from Participants $608,841
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $1,178,199
Total Interest $0
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 $0
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 $1,178,199
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 $316,049
Total Benefit Payments $279,657
Directly to participants or beneficiaries, including direct rollovers $279,657
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 $36,392
Professional Fees $0
Contract Administrator Fees $36,392
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $1,795,236
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2019 12/31/2018 Change YOY
Total Assets $7,252,933 $5,455,600 32.94%
Total noninterest-bearing cash $156 $156 0.00%
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 $7,252,777 $5,455,444 32.95%
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 $0 $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 $2,253 $156 1344.23%
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) $2,253 $156 1344.23%
Net Assets $7,250,680 $5,455,444 32.91%

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

Name Nature of Service Relationship to Plan Sponsor Direct Compensation Paid by Plan Indirect Compensation Paid by Plan Total Compensation
John Hancock Life Insurance Comp Recordkeeping and information management (computing, tabulating, data processing, etc.) Recordkeeper $300 $0 $300
Total $300 $0 $300

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
Jh Multimanager Growth Ls John Hancock USA DFE: Pooled Separate Account $1,647,606
Jh Multimanager Balanced Ls John Hancock USA DFE: Pooled Separate Account $1,181,229
Vanguard Target Ret 2025 John Hancock USA DFE: Pooled Separate Account $652,241
Vanguard Target Ret 2030 John Hancock USA DFE: Pooled Separate Account $517,497
Jh Multimanager Aggressive Ls John Hancock USA DFE: Pooled Separate Account $496,342
Jh Multimanager Conserv Ls John Hancock USA DFE: Pooled Separate Account $446,278
Jh Multimanager Moderate Ls John Hancock USA DFE: Pooled Separate Account $334,008
Vanguard Target Ret 2045 John Hancock USA DFE: Pooled Separate Account $288,471
Vanguard Target Ret 2055 John Hancock USA DFE: Pooled Separate Account $228,101
Money Market Fund John Hancock USA DFE: Pooled Separate Account $201,075
Vanguard Target Ret 2040 John Hancock USA DFE: Pooled Separate Account $157,953
Real Est. Securities Fund John Hancock USA DFE: Pooled Separate Account $132,425
Vanguard Target Ret 2035 John Hancock USA DFE: Pooled Separate Account $121,063
Vanguard Target Ret 2050 John Hancock USA DFE: Pooled Separate Account $102,248
Intl Equity Index Fund John Hancock USA DFE: Pooled Separate Account $90,202
Total Stock Market Index Fund John Hancock USA DFE: Pooled Separate Account $70,962
Vanguard Energy Fund John Hancock USA DFE: Pooled Separate Account $64,152
John Hancock Intl Growth John Hancock USA DFE: Pooled Separate Account $59,582
Mfs Utilities Fund John Hancock USA DFE: Pooled Separate Account $57,986
Blue Chip Growth Fund John Hancock USA DFE: Pooled Separate Account $55,869
Vanguard Target Ret 2060 John Hancock USA DFE: Pooled Separate Account $45,943
Total Bond Market Fund John Hancock USA DFE: Pooled Separate Account $42,618
Equity Income Fund John Hancock USA DFE: Pooled Separate Account $40,374
T. Rowe Price New Era Fund John Hancock USA DFE: Pooled Separate Account $35,760
500 Index Fund John Hancock USA DFE: Pooled Separate Account $31,114
T. Rowe Price Health Sci John Hancock USA DFE: Pooled Separate Account $27,289
Science & Technology Fund John Hancock USA DFE: Pooled Separate Account $21,008
American Century Heritage John Hancock USA DFE: Pooled Separate Account $16,872
Mid Cap Index Fund John Hancock USA DFE: Pooled Separate Account $16,442
U.S. High Yield Bond Fund John Hancock USA DFE: Pooled Separate Account $11,963
Invesco Small Cap Growth John Hancock USA DFE: Pooled Separate Account $11,661
Small Cap Index Fund John Hancock USA DFE: Pooled Separate Account $10,668
American Balanced Fund John Hancock USA DFE: Pooled Separate Account $3,191
Pimco Income Fund John Hancock USA DFE: Pooled Separate Account $1,641
Vanguard Growth Index Fund John Hancock USA DFE: Pooled Separate Account $1,129
Total $7,222,963

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock Life Insurance Company (U.S.A.) (John Hancock USA) 90
EIN 01-0233346
Industry Code 65838
Contract Number 87236
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $0
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $19,165
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Lpl Financial Corp 3730 Kirby Dr., Suite 200 Houston, TX 77098 Insurance Agent or Broker $15,797 $0 BROKER COMMISSION
Pension Benefit Administrators 5300 Hollister, Suite 360 Houston, TX 77040 Third Party Administrator $0 $2,411 TPA FEES
Nova 401K Associates 10777 Northwest Freeway, Suite 440 Houston, TX 77092 Third Party Administrator $0 $957 TPA FEES
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 Unspecified
Balance at the end of the previous year $0
Additions $0
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $0
Transferred from separate account $0
Other $0
Total of Balance and Additions $0
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 $0