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FORM 5500 DATA

Idemitsu Lubricants America Corporation 401k Savings Plan

Overview

Plan Information

  • Plan Year01/01/2017 — 12/31/2017
  • Date of Plan08/01/1997
  • Net Assets as of 12/31/2017 $13,582,340
  • 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 12/31/2017

  • Active (Eligible) Participants190
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits17
  • Subtotal207
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits1
  • Total208
  • Total number of participants as of 01/01/2017192
  • Number of participants with account balances186
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested12

Expenses

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

Sponsor Information

  • Address701 Port Rd
  • CityJeffersonville
  • StateIN
  • Zip47130-8425
  • Telephone(812) 284-3300
  • EIN31-1318952
  • Industry Code324190
  • Named AdministratorKaren Conaway
  • Named Plan SponsorKaren Conaway

Audit Information

  • Audit StatusAudited
  • AuditorStrothman and Company
  • Auditor EIN31-1318952
  • 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.
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 $3,204
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 $3,616,973
Contributions $1,697,237
Cash Contributions $1,697,237
Cash from Employers $547,884
Cash from Participants $1,119,237
Others (including rollovers) $30,116
Noncash Contributions $0
Total Earnings on Investments $1,919,552
Total Interest $18,564
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $18,564
Interest from Other Investments $0
Total Dividends $6
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 $491,892
Net investment gain (loss) from pooled separate accounts $1,384,860
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 $24,230
Other Income $184
Expenses $1,204,727
Total Benefit Payments $1,189,446
Directly to participants or beneficiaries, including direct rollovers $1,189,236
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $210
Corrective Distributions $0
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $15,281
Professional Fees $0
Contract Administrator Fees $15,281
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $2,412,246
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 $13,582,340 $11,170,094 21.60%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $7,783 $753 933.60%
Employer Contributions $4,573 $753 507.30%
Participant Contributions $3,210 $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 $346,345 $310,222 11.64%
Value of interest in common/collective trusts $4,415,997 $3,755,479 17.59%
Value of interest in pooled separate accounts $6,479,980 $7,103,640 -8.78%
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 $2,332,235 $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 $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 $13,582,340 $11,170,094 21.60%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Principal 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
Principal Life Insurance Company Contract Administrator, Participant loan processing, Direct payment from the plan, Recordkeeping fees Contract Administrator $15,281 $0 $15,281
Mma Securities LLC Other services, Other commissions Other Services $0 $9,727 $9,727
Total $15,281 $9,727 $25,008

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Mma Securities LLC Principal Life Insurance Company Other services, Other commissions Commissions $9,727
*As outlined by the Form 5500 Instructions for service providers with indirect compensation.

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
Prin Lifetime Hybr 2030 Cit R6 Principal Global Investors Trust Co DFE: Common/Collective Trust $1,313,130
Prin Core Plus Bd Sep Acct-R6 Principal Life Insurance Company DFE: Pooled Separate Account $1,036,401
Prin Lgcap S&P 500 Index Sa-R6 Principal Life Insurance Company DFE: Pooled Separate Account $954,695
Prin Lifetime Hybr 2040 Cit R6 Principal Global Investors Trust Co DFE: Common/Collective Trust $917,313
Principal Stable Value Fund Principal Global Investors Trust Co DFE: Common/Collective Trust $882,503
Prin Equity Income Sa-R6 Principal Life Insurance Company DFE: Pooled Separate Account $766,746
Prin Diversified Intl Sa-R6 Principal Life Insurance Company DFE: Pooled Separate Account $573,196
Prin Midcap S&P 400 Idx Sa-R6 Principal Life Insurance Company DFE: Pooled Separate Account $473,312
Prin Capital Appr Sa-R6 Principal Life Insurance Company DFE: Pooled Separate Account $409,895
Prin Lifetime Hybr 2020 Cit R6 Principal Global Investors Trust Co DFE: Common/Collective Trust $379,469
Prin Pref Secs Sep Acct-R6 Principal Life Insurance Company DFE: Pooled Separate Account $368,072
Prin Intl Smallcap Sep Acct-R6 Principal Life Insurance Company DFE: Pooled Separate Account $357,660
Prin Smallcap Growth I Sa-R6 Principal Life Insurance Company DFE: Pooled Separate Account $348,555
Prin Real Estate Secs Sa-R6 Principal Life Insurance Company DFE: Pooled Separate Account $264,850
Prin Lifetime Hybr 2035 Cit R6 Principal Global Investors Trust Co DFE: Common/Collective Trust $257,793
Prin Smcap S&P 600 Index Sa-R6 Principal Life Insurance Company DFE: Pooled Separate Account $248,821
Prin Income Sep Acct-R6 Principal Life Insurance Company DFE: Pooled Separate Account $244,963
Prin Smallcap Value II Sa-R6 Principal Life Insurance Company DFE: Pooled Separate Account $238,972
Prin Lifetime Hybr 2050 Cit R6 Principal Global Investors Trust Co DFE: Common/Collective Trust $228,671
Prin Lifetime Hybr 2045 Cit R6 Principal Global Investors Trust Co DFE: Common/Collective Trust $185,637
Prin Lgcap Growth Sep Acct-R6 Principal Life Insurance Company DFE: Pooled Separate Account $150,110
Prin Lifetime Hybr 2015 Cit R6 Principal Global Investors Trust Co DFE: Common/Collective Trust $71,481
Prin Lifetime Hybr 2025 Cit R6 Principal Global Investors Trust Co DFE: Common/Collective Trust $60,820
Prin Lifetime Hybr 2010 Cit R6 Principal Global Investors Trust Co DFE: Common/Collective Trust $51,197
Prin Lifetime Hybr 2060 Cit R6 Principal Global Investors Trust Co DFE: Common/Collective Trust $43,910
Principal Overseas Sep Acct-R6 Principal Life Insurance Company DFE: Pooled Separate Account $43,732
Prin Lifetime Hybr 2055 Cit R6 Principal Global Investors Trust Co DFE: Common/Collective Trust $24,073
Prin Midcap Value I Sa-R6 Principal Life Insurance Company DFE: Pooled Separate Account $0
Prin Lifetime Hybr Inc Cit R6 Principal Global Investors Trust Co DFE: Common/Collective Trust $0
Prin Largecap Growth I Sa-R6 Principal Life Insurance Company DFE: Pooled Separate Account $0
Prin Lgcap Value Sep Acct-R6 Principal Life Insurance Company DFE: Pooled Separate Account $0
Prin Intl Emerg Markets Sa-R6 Principal Life Insurance Company DFE: Pooled Separate Account $0
Prin Midcap Value III Sa-R6 Principal Life Insurance Company DFE: Pooled Separate Account $0
Prin Inflation Protect Sa-R6 Principal Life Insurance Company DFE: Pooled Separate Account $0
Total $10,895,977

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Principal Life Insurance Company 208
EIN 42-0127290
Industry Code 61271
Contract Number 706029
Contract Year 01/01/2017 — 12/31/2017
Value in General Account at Year End $0
Value in Separate Accounts at Year End $6,479,980
Insurance Fees and Commissions $19,580
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Mma Securities LLC 250 Pehle Ave Ste 400 Saddle Brook, NJ 07663 -5826 Insurance Agent or Broker $19,580 $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 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