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FORM 5500 DATA

A & A Safety, Inc. 401k Retirement Plan

Overview

Plan Information

  • Plan Year01/01/2017 — 12/31/2017
  • Date of Plan02/01/1996
  • Net Assets as of 12/31/2017 $8,511,766
  • 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) Participants97
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits70
  • Subtotal167
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total167
  • Total number of participants as of 01/01/2017167
  • Number of participants with account balances163
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested3

Expenses

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

Sponsor Information

  • Address1126 Ferris Road
  • CityAmelia
  • StateOH
  • Zip45102-1020
  • Telephone(513) 943-6100
  • EIN31-1035771
  • Industry Code532400
  • Named AdministratorWilliam Luttmer
  • Named Plan SponsorWilliam Luttmer

Audit Information

  • Audit StatusAudited
  • AuditorMort-White-Bushman
  • Auditor EIN59-3799692
  • 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.
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 $1,919,183
Contributions $682,643
Cash Contributions $682,643
Cash from Employers $68,401
Cash from Participants $489,953
Others (including rollovers) $124,289
Noncash Contributions $0
Total Earnings on Investments $1,236,540
Total Interest $10,208
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $7,292
Interest from Other Investments $2,916
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 $1,226,332
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 $927,665
Total Benefit Payments $919,172
Directly to participants or beneficiaries, including direct rollovers $919,172
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 $8,493
Professional Fees $7,605
Contract Administrator Fees $888
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $991,518
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 $8,511,766 $7,520,248 13.18%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $3,804 $2,723 39.70%
Employer Contributions $254 $339 -25.07%
Participant Contributions $3,550 $2,384 48.91%
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 $111,488 $198,416 -43.81%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $8,084,088 $6,805,245 18.79%
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 $312,386 $513,864 -39.21%
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 $8,511,766 $7,520,248 13.18%

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
Tri-State Plan Administration, Inc. Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Recordkeeping fees 3Rd Party Administrator $6,000 $0 $6,000
Mesirow Financial, Inc. Investment advisory (plan) Investment Advisory-Plan $1,605 $0 $1,605
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 $888 $0 $888
Total $8,493 $0 $8,493

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
Manning & Napier Pro-Mix Extended T Transamerica Life Insurance Company DFE: Pooled Separate Account $1,127,118
Manning & Napier Pro-Mix Moderate T Transamerica Life Insurance Company DFE: Pooled Separate Account $931,153
Blackrock Equity Dividend Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $803,883
Ta Blackrock Lifepath Index 2035 Re Transamerica Life Insurance Company DFE: Pooled Separate Account $715,847
Morgan Stanley Growth Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $631,120
Loomis Sayles Investment Grade Bond Transamerica Life Insurance Company DFE: Pooled Separate Account $495,634
Oppenheimer Main Street Mid Cap Ret Transameric Life Insurance Company DFE: Pooled Separate Account $437,844
American Funds Fundamental Investor Transamerica Life Insurance Company DFE: Pooled Separate Account $387,902
Ta Blackrock Lifepath Index 2040 Re Transamerica Life Insurance Company DFE: Pooled Separate Account $322,875
American Funds Europacific Growth R Transamerica Life Insurance Company DFE: Pooled Separate Account $297,452
Ta Blackrock Lifepath Index 2045 Re Transamerica Life Insurance Company DFE: Pooled Separate Account $278,135
Transamerica Partners Stock Index R Transamerica Life Insurance Company DFE: Pooled Separate Account $177,647
Ivy Mid Cap Growth Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $174,129
Vitrus Ceredex Mid-Cap Value Equity Transamerica Life Insurance Company DFE: Pooled Separate Account $154,316
Ta Blackrock Lifepath Index 2015 Re Transamerica Life Insurance Company DFE: Pooled Separate Account $153,211
Vanguard Small Cap Growth Index Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $119,244
Manning & Napier Pro-Mix Maximum Te Transamerica Life Insurance Company DFE: Pooled Separate Account $113,346
Victory Sycamore Established Value Transamerica Life Insurance Company DFE: Pooled Separate Account $110,161
Manning & Napier Pro-Mix Conservati Transamerica Life Insurance Company DFE: Pooled Separate Account $101,068
Mfs Massachusetts Investors Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $97,766
Vanguard Small Cap Index Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $93,322
American Funds Balanced Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $77,724
Ta Blackrock Lifepath Index 2030 Re Transamerica Life Insurance Company DFE: Pooled Separate Account $70,003
Ta Blackrock Lifepath Index 2055 Re Transamerica Life Insurance Company DFE: Pooled Separate Account $53,122
Blackrock Global Allocation Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $48,046
Templeton Global Bond Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $41,194
Ta Blackrock Lifepath Index 2050 Re Transamerica Life Insurance Company DFE: Pooled Separate Account $38,043
Ta Blackrock Lifepath Index 2020 Re Transamerica Life Insurance Company DFE: Pooled Separate Account $14,370
Ta Blackrock Lifepath Index Retirem Transamerica Life Insurance Company DFE: Pooled Separate Account $14,024
Ta Blackrock Lifepath Index 2060 Re Transamerica Life Insurance Company DFE: Pooled Separate Account $4,389
Ivy Asset Strategy Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Vanguard Target Retirement 2015 Re Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Fidelity Advisor Leveraged Company Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Vanguard Target Retirement 2040 Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Mfs Massachusetts Investors Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Vanguard Target Retirement 2010 Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $0
American Funds Fundamental Investor Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Total $8,084,088

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Transamerica Life Insurance Company 162
EIN 39-0989781
Industry Code 86231
Contract Number 803308-000
Contract Year 01/01/2017 — 12/31/2017
Value in General Account at Year End $312,386
Value in Separate Accounts at Year End $8,084,088
Insurance Fees and Commissions $23,983
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Madison Avenue Securities 15050 Avenue of Science Ste 150 San Diego, CA 92128 -3441 Insurance Agent or Broker $19,977 $0
Tri-State Plan Administration, Inc. 30 Garfield Place, Suite 520 Cincinnati, OH 45202 Third Party Administrator $0 $4,006 TPA COMPENSATION
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 $513,864
Additions $22,207
Contributions Deposited during the year $7,007
Dividends and credits $0
Interest credited during the year $2,916
Transferred from separate account $0
Other $12,284
Total of Balance and Additions $536,071
Deductions $223,685
Disbursed from fund to pay benefits or purchase annuities during the year $88,291
Administration charge made by carrier $0
Transferred to Separate Account $134,188
Other $1,206
Balance at the end of the current year $312,386