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FORM 5500 DATA

Firan Technology Group (USA) Corporation 401k Plan

Overview

Plan Information

  • Plan Year01/01/2018 — 12/31/2018
  • Date of Plan10/01/2006
  • Net Assets as of 12/31/2018 $1,087,158
  • 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 12/31/2018

  • Active (Eligible) Participants153
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits29
  • Subtotal182
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total182
  • Total number of participants as of 01/01/2018184
  • Number of participants with account balances89
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested25

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) 671-6512
  • 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
2A Age/Service Weighted or New Comparability or Similar Plan Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New Comparability or Similar Plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the threshold or additional rate allowed under the permitted disparity rules of section 401(l)
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.
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 $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? Yes
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? Yes

Financials

Income and Expense Statement

Income $172,756
Contributions $232,533
Cash Contributions $232,533
Cash from Employers $0
Cash from Participants $199,336
Others (including rollovers) $33,197
Noncash Contributions $0
Total Earnings on Investments $-59,777
Total Interest $432
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 $432
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 $75,118
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 $-135,327
Other Income $0
Expenses $235,349
Total Benefit Payments $228,481
Directly to participants or beneficiaries, including direct rollovers $228,481
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 $6,868
Professional Fees $0
Contract Administrator Fees $42
Investment Advisory and management fees $1,816
Other Administrative Fees $5,010
Net Income $-62,593
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2018 12/31/2017 Change YOY
Total Assets $1,087,158 $1,149,751 -5.44%
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 $0 $1,121,804 -100.00%
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 $1,037,741 $0 0.0%
Value of funds held in insurance co. general account $49,417 $27,947 76.82%
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 $1,087,158 $1,149,751 -5.44%

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
Transamerica Life Insurance Company Other fees Recordkeeper $5,010 $0 $5,010
Pensionmark Financial Group LLC Investment advisory (plan) Investment Advisor $1,816 $0 $1,816
Great-West Life & Annuity Insurance Recordkeeping fees Recordkeeper $42 $0 $42
Empower Retirement Advisory Service Investment management Investment Mgmt $0 $0 $0
Total $6,868 $0 $6,868

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
Amer Cent Inflation-Adj Bond Ret Op Transamerica Life Insurance Co DFE: Pooled Separate Account $0
Eaton Vance Atlanta Cap Smid Transamerica Life Insurance Co DFE: Pooled Separate Account $0
Federated Institutional High Yield Transamerica Life Insurance Co DFE: Pooled Separate Account $0
Franklin Growth Series Ret Opt Transamerica Life Insurance Co DFE: Pooled Separate Account $0
Invesco Global Real Estate Ret Opt Transamerica Life Insurance Co DFE: Pooled Separate Account $0
Mfs Mid Cap Value Ret Opt Transamerica Life Insurance Co DFE: Pooled Separate Account $0
Oppenheimer Developing Markets Ret Transamerica Life Insurance Co DFE: Pooled Separate Account $0
Pioneer Bond Ret Opt Transamerica Life Insurance Co DFE: Pooled Separate Account $0
Pioneer Strategic Income Ret Opt Transamerica Life Insurance Co DFE: Pooled Separate Account $0
Prudential Jennison Natural Resourc Transamerica Life Insurance Co DFE: Pooled Separate Account $0
Prudential Jennison Small Company R Transamerica Life Insurance Co DFE: Pooled Separate Account $0
Ssga Russell Small Cap Index Ret Op Transamerica Life Insurance Co DFE: Pooled Separate Account $0
Transamerica Partners Stock Index R Ttransamerica Life Insurance Co DFE: Pooled Separate Account $0
American Funds Washington Mutual In Transamerica Life Insurance Co DFE: Pooled Separate Account $0
American Funds New Perspective Ret Transamerica Life Insurance Co DFE: Pooled Separate Account $0
Amer Funds Europacific Growth Ret O Transamerica Life Insurance Co DFE: Pooled Separate Account $0
American Century Oc 2055 Transamerica Life Insurance Co DFE: Pooled Separate Account $0
American Century One Choice 2020 Re Transamerica Life Insurance Co DFE: Pooled Separate Account $0
American Century One Choice 2025 Re Transamerica Life Insurance Co DFE: Pooled Separate Account $0
American Century One Choice 2030 Re Transamerica Life Insurance Co DFE: Pooled Separate Account $0
American Century One Choice 2035 Re Transamerica Life Insurance Co DFE: Pooled Separate Account $0
American Century One Choice 2040Re Transamerica Life Insurance Co DFE: Pooled Separate Account $0
American Century One Choice 2045 Re Transamerica Life Insurance Co DFE: Pooled Separate Account $0
American Century One Choice 2050 Re Transamerica Life Insurance Co DFE: Pooled Separate Account $0
American Century One Choice Inretrm Transamerica Life Insurance Co DFE: Pooled Separate Account $0
American Century Small Cap Value In Transamerica Life Insurance Co DFE: Pooled Separate Account $0
American Funds Balanced Ret Opt Transamerica Life Insurance Co DFE: Pooled Separate Account $0
Tempelton Global Bond Ret Opt Transamerica Life Insurance Co DFE: Pooled Separate Account $0
Total $0

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Great West Life and Annuity 20
EIN 84-0467907
Industry Code 68322
Contract Number 504623-01
Contract Year 01/01/2018 — 12/31/2018
Value in General Account at Year End $49,417
Value in Separate Accounts at Year End $0
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 GROUP ANNUITY CONTRACT
Balance at the end of the previous year $0
Additions $87,593
Contributions Deposited during the year $46,672
Dividends and credits $0
Interest credited during the year $162
Transferred from separate account $40,759
Other $0
Total of Balance and Additions $87,593
Deductions $38,176
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $688
Transferred to Separate Account $37,488
Other $0
Balance at the end of the current year $49,417
Transamerica Life Insurance Company 0
EIN 30-0989781
Industry Code 86231
Contract Number 996642
Contract Year 01/01/2018 — 12/31/2018
Value in General Account at Year End $0
Value in Separate Accounts at Year End $0
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 STABLE VALUE OPTION
Balance at the end of the previous year $27,947
Additions $8,915
Contributions Deposited during the year $8,645
Dividends and credits $0
Interest credited during the year $270
Transferred from separate account $0
Other $0
Total of Balance and Additions $36,862
Deductions $36,862
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $129
Transferred to Separate Account $36,733
Other $0
Balance at the end of the current year $0