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FORM 5500 DATA

Firan Technology Group (USA) Corporation 401k Plan

Overview

Plan Information

  • Plan Year01/01/2017 — 12/31/2017
  • Date of Plan10/01/2006
  • Net Assets as of 12/31/2017 $1,149,751
  • 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 12/31/2017

  • Active (Eligible) Participants161
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits22
  • Subtotal183
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits1
  • Total184
  • Total number of participants as of 01/01/201785
  • Number of participants with account balances80
  • 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

  • Address20750 Marilla Street
  • CityChatsworth
  • StateCA
  • Zip91311
  • Telephone(818) 407-4024
  • EIN95-3876405
  • Industry Code334410
  • Named AdministratorJames Kim

Audit Information

  • Audit StatusAudited
  • AuditorPension Assurance LLP
  • Auditor EIN30-0840934
  • 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.

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 $31,252
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 $1,000,000
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 $322,975
Contributions $176,438
Cash Contributions $176,438
Cash from Employers $0
Cash from Participants $176,438
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $146,537
Total Interest $386
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 $386
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 $146,151
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 $45,678
Total Benefit Payments $38,095
Directly to participants or beneficiaries, including direct rollovers $38,095
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 $7,583
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $7,583
Net Income $277,297
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 $1,149,751 $872,454 31.78%
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 $0 $0 0.0%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $1,121,804 $841,952 33.24%
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 $27,947 $30,502 -8.38%
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 $1,149,751 $872,454 31.78%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Transamerica Life Insurance Company

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
Transamerica Life Insurance Company Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Investment management fees paid indirectly by plan, Float revenue, Recordkeeping fees, Other insurance wrap fees Recordkeeper $7,583 $0 $7,583
Total $7,583 $0 $7,583

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
American Century One Choice 2025 Re Transamerica Life Insurance Co. DFE: Pooled Separate Account $259,173
American Century One Choice 2035 Re Transamerica Life Insurance Co. DFE: Pooled Separate Account $129,868
American Funds Washington Mutual In Transamerica Life Insurance Co. DFE: Pooled Separate Account $109,112
American Century One Choice 2020 Re Transamerica Life Insurance Co. DFE: Pooled Separate Account $101,528
American Century One Choice 2030 Re Transamerica Life Insurance Co. DFE: Pooled Separate Account $85,652
American Funds New Perspective Ret Transamerica Life Insurance Co. DFE: Pooled Separate Account $85,575
Transamerica Partners Stock Index R Transamerica Life Insurance Co. DFE: Pooled Separate Account $55,432
Franklin Growth Series Ret Opt Transamerica Life Insurance Co. DFE: Pooled Separate Account $49,454
American Century One Choice 2050 Re Transamerica Life Insurance Co. DFE: Pooled Separate Account $34,535
American Funds Balanced Ret Opt Transamerica Life Insurance Co. DFE: Pooled Separate Account $32,474
Mfs Mid Cap Value Ret Opt Transamerica Life Insurance Co. DFE: Pooled Separate Account $20,537
Prudential Jennison Small Company R Transamerica Life Insurance Co. DFE: Pooled Separate Account $19,232
Amer Funds Europacific Growth Ret O Transamerica Life Insurance Co. DFE: Pooled Separate Account $17,721
Pioneer Strategic Income Ret Opt Transamerica Life Insurance Co. DFE: Pooled Separate Account $16,155
American Century One Choice Inretrm Transamerica Life Insurance Co. DFE: Pooled Separate Account $16,035
American Century One Choice 2045 Re Transamerica Life Insurance Co. DFE: Pooled Separate Account $14,222
Eaton Vance Atlanta Cap Smid Transamerica Life Insurance Co. DFE: Pooled Separate Account $12,646
Oppenheimer Developing Markets Ret Transamerica Life Insurance Co. DFE: Pooled Separate Account $11,751
American Century One Choice 2040 Re Transamerica Life Insurance Co. DFE: Pooled Separate Account $9,655
American Century Small Cap Value In Transamerica Life Insurance Co. DFE: Pooled Separate Account $8,040
Federated Institutional High Yield Transamerica Life Insurance Co. DFE: Pooled Separate Account $5,951
Templeton Global Bond Ret Opt Transamerica Life Insurance Co. DFE: Pooled Separate Account $5,685
Invesco Global Real Estate Ret Opt Transamerica Life Insurance Co. DFE: Pooled Separate Account $4,089
Prudential Jennison Natural Resourc Transamerica Life Insurance Co. DFE: Pooled Separate Account $4,003
Pioneer Bond Ret Opt Transamerica Life Insurance Co. DFE: Pooled Separate Account $3,991
Ssga Russell Small Cap Index Ret Op Transamerica Life Insurance Co. DFE: Pooled Separate Account $3,718
Amer Cent Inflation-Adj Bond Ret Op Transamerica Life Insurance Co. DFE: Pooled Separate Account $2,885
American Century Oc 2055 Transamerica Life Insurance Co. DFE: Pooled Separate Account $2,685
Goldman Sachs Mid-Cap Value Ret Opt Transamerica Life Insurance Co. DFE: Pooled Separate Account $0
Oppenheimer Global Ret Opt Transamerica Life Insurance Co. DFE: Pooled Separate Account $0
Jpmorgan High Yield Ret Opt Transamerica Life Insurance Co. DFE: Pooled Separate Account $0
Goldman Sachs Mid Cap Opportunities Transamerica Life Insurance Co. DFE: Pooled Separate Account $0
Total $1,121,804

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Transamerica Life Insurance Company 80
EIN 30-0989781
Industry Code 86231
Contract Number 996642
Contract Year 01/01/2017 — 12/31/2017
Value in General Account at Year End $27,947
Value in Separate Accounts at Year End $1,121,804
Insurance Fees and Commissions $3,162
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
David Penniall Upfsa Insurance Agency of Az Inc Scottsdale, AZ 85258 Insurance Agent or Broker $3,162 $0
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 STABLE VALUE OPTION
Balance at the end of the previous year $30,503
Additions $9,211
Contributions Deposited during the year $8,825
Dividends and credits $0
Interest credited during the year $386
Transferred from separate account $0
Other $0
Total of Balance and Additions $39,714
Deductions $11,767
Disbursed from fund to pay benefits or purchase annuities during the year $1,054
Administration charge made by carrier $247
Transferred to Separate Account $10,466
Other $0
Balance at the end of the current year $27,947