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FORM 5500 DATA

ARC Excess and Surplus, LLC 401k Plan

Overview

Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan01/01/1996
  • Net Assets as of 12/31/2019 $18,803,502
  • 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 12/31/2019

  • Active (Eligible) Participants160
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits13
  • Subtotal173
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total173
  • Total number of participants as of 01/01/2019176
  • Number of participants with account balances112
  • 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

  • Address113 S Service Road
  • CityJericho
  • StateNY
  • Zip11753
  • Telephone(516) 747-4100
  • EIN11-3367953
  • Industry Code524210
  • Named AdministratorJoan Brunjes

Audit Information

  • Audit StatusAudited
  • AuditorFasten Halberstam LLP
  • Auditor EIN47-2319109
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
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? 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 $4,000,000
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 $4,604,398
Contributions $997,916
Cash Contributions $997,916
Cash from Employers $0
Cash from Participants $945,482
Others (including rollovers) $52,434
Noncash Contributions $0
Total Earnings on Investments $3,606,482
Total Interest $8,084
Interest-Bearing Cash $843
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $7,241
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 $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 $3,598,398
Other Income $0
Expenses $937,945
Total Benefit Payments $883,618
Directly to participants or beneficiaries, including direct rollovers $883,618
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $60,214
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $-5,887
Professional Fees $0
Contract Administrator Fees $-5,887
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $3,666,453
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 $18,803,502 $15,137,049 24.22%
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 $138,888 $158,978 -12.64%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $18,610,333 $14,926,239 24.68%
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 $54,281 $51,832 4.72%
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 $18,803,502 $15,137,049 24.22%

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 New York Recordkeeper $0 $0 $0
Total $0 $0 $0

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 Ls Grow Managed Portfolio John Hancock New York DFE: Pooled Separate Account $2,930,812
T. Rowe Price Equity Inc. John Hancock New York DFE: Pooled Separate Account $1,403,006
Capital Appreciation Fund John Hancock New York DFE: Pooled Separate Account $1,283,625
Vanguard Small Cap Grow Index John Hancock New York DFE: Pooled Separate Account $1,079,659
Jh Ls Bal Managed Portfolio John Hancock New York DFE: Pooled Separate Account $733,746
Vanguard Small Cap Value Index John Hancock New York DFE: Pooled Separate Account $710,271
Jh Ls Agg Managed Portfolio John Hancock New York DFE: Pooled Separate Account $698,839
International Value Fund John Hancock New York DFE: Pooled Separate Account $649,367
Intl Small Cap Fund John Hancock New York DFE: Pooled Separate Account $649,367
500 Index Fund John Hancock New York DFE: Pooled Separate Account $637,037
Vanguard Mid-Cap Value Etf John Hancock New York DFE: Pooled Separate Account $607,040
Jh Ls Mod Managed Portfolio John Hancock New York DFE: Pooled Separate Account $568,199
Vanguard Growth Index Fund John Hancock New York DFE: Pooled Separate Account $509,537
Vanguard Value Index Fund John Hancock New York DFE: Pooled Separate Account $479,388
Ishares Msci Eafe Growth Etf John Hancock New York DFE: Pooled Separate Account $353,632
Vanguard Midcap Growth Etf John Hancock New York DFE: Pooled Separate Account $353,137
T Rowe Price Health Sci John Hancock New York DFE: Pooled Separate Account $314,225
Real Est. Securities Fund John Hancock New York DFE: Pooled Separate Account $310,139
Utilities Fund John Hancock New York DFE: Pooled Separate Account $278,250
Fidelity Advisor Total Bond John Hancock New York DFE: Pooled Separate Account $254,554
Mid Cap Index Fund John Hancock New York DFE: Pooled Separate Account $248,248
John Hancock Bond Fund John Hancock New York DFE: Pooled Separate Account $239,871
Jp Morgan Us Equity Fund John Hancock New York DFE: Pooled Separate Account $236,865
Jp Morgan Midcap Value Fund John Hancock New York DFE: Pooled Separate Account $231,951
Financial Industries Fund John Hancock New York DFE: Pooled Separate Account $212,310
Europacific Growth Fund John Hancock New York DFE: Pooled Separate Account $209,490
Dfa U.S. Small Cap Fund John Hancock New York DFE: Pooled Separate Account $208,229
American Century Heritage John Hancock New York DFE: Pooled Separate Account $202,440
Franklin Mutual Beacon Fund John Hancock New York DFE: Pooled Separate Account $193,822
John Hancock Disciplined Value John Hancock New York DFE: Pooled Separate Account $189,578
Intl Equity Index Fund John Hancock New York DFE: Pooled Separate Account $187,858
Money Market Fund John Hancock New York DFE: Pooled Separate Account $185,510
Mutual Global Discovery John Hancock New York DFE: Pooled Separate Account $184,882
T Rowe Price Sci & Tech John Hancock New York DFE: Pooled Separate Account $177,194
High Yield Fund John Hancock New York DFE: Pooled Separate Account $170,699
Small Cap Index Fund John Hancock New York DFE: Pooled Separate Account $167,983
American Balanced Fund John Hancock New York DFE: Pooled Separate Account $160,702
Oppenheimer Global John Hancock New York DFE: Pooled Separate Account $136,683
Total Stock Market Index Fund John Hancock New York DFE: Pooled Separate Account $124,135
Jh Ls Con Managed Portfolio John Hancock New York DFE: Pooled Separate Account $111,119
Jh Managed Volatility Bal John Hancock New York DFE: Pooled Separate Account $110,160
Templeton World John Hancock New York DFE: Pooled Separate Account $90,194
Vanguard Short Term Federal John Hancock New York DFE: Pooled Separate Account $67,413
Fundamental Large Cap Value John Hancock New York DFE: Pooled Separate Account $43,915
T. Rowe Price Spectrum Inc John Hancock New York DFE: Pooled Separate Account $42,206
Franklin Small-Mid Growth John Hancock New York DFE: Pooled Separate Account $37,614
Wells Capital Core Bond Fund John Hancock New York DFE: Pooled Separate Account $13,707
Value Index Wisdomtree Sc John Hancock New York DFE: Pooled Separate Account $4,337
Domini Social Equity 133646501 DFE: Pooled Separate Account $2,085
Total $18,995,030

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock New York 120
EIN 13-3646501
Industry Code 86375
Contract Number 80737
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 $52,675
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Royal Alliance Associates, Inc. 1 Huntington Quadrangle, Suite 2C13 Melville, NY 11747 Agent or Broker other than Insurance $0 $42,806
Penserv, Inc. 118 N. Bedford Rd. Suite 303 Mount Kisco, NY 11780 Third Party Administrator $0 $9,869
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 $51,832
Additions $2,450
Contributions Deposited during the year $1,586
Dividends and credits $0
Interest credited during the year $843
Transferred from separate account $0
Other $21
Total of Balance and Additions $54,282
Deductions $1
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $1
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $54,281