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FORM 5500 DATA

Maryland Athletic Club 401k Savings Plan

Overview

Plan Information

  • Plan Year01/01/2016 — 12/31/2016
  • Date of Plan05/01/2002
  • Net Assets as of 12/31/2016 $1,609,635
  • 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
  • Plan Benefit ArrangementInsurance

Participant Information as of 12/31/2016

  • Active (Eligible) Participants175
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits20
  • Subtotal195
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total195
  • Total number of participants as of 01/01/2016200
  • Number of participants with account balances49
  • 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

  • Address110 W. Timonium Road
  • CityTimonium
  • StateMD
  • Zip21093
  • Telephone(410) 453-9111
  • EIN20-8027593
  • Industry Code713900
  • Named AdministratorCaitlin Murray

Audit Information

  • Audit StatusAudited
  • AuditorTaurus CPA Solutions, LLC
  • Auditor EIN47-3861250
  • 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.
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.
3B Self-Employed Plan Plan covering Self-Employed individuals.
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 $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 $157,140
Contributions $96,489
Cash Contributions $96,489
Cash from Employers $0
Cash from Participants $96,489
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $60,651
Total Interest $383
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $236
Interest from Other Investments $147
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 $60,268
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 $149,086
Total Benefit Payments $135,118
Directly to participants or beneficiaries, including direct rollovers $135,118
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 $13,968
Professional Fees $360
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $13,608
Net Income $8,054
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2016 12/31/2015 Change YOY
Total Assets $1,609,635 $1,601,581 0.50%
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 $5,949 $2,385 149.43%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $0 $0 0.0%
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 $1,587,530 $1,585,758 0.11%
Value of funds held in insurance co. general account $16,156 $13,438 20.23%
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 $1,609,635 $1,601,581 0.50%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • John Hancock USA

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 USA Recordkeeping and information management (computing, tabulating, data processing, etc.), Sub-transfer agency fees, Other insurance wrap fees, Investment management, Float revenue, Soft dollars commissions, Shareholder servicing fees, Distribution (12b-1) fees NONE $26 $0 $26
Total $26 $0 $26

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 Active Strategy John Hancock Life Insurance Company USA DFE: Pooled Separate Account $237,430
Jh Ls Agg Active Strategy John Hancock Life Insurance Company USA DFE: Pooled Separate Account $236,938
T. Rowe Price Health Sci John Hancock Life Insurance Company USA DFE: Pooled Separate Account $206,282
Jh Ls Bal Active Strategy John Hancock Life Insurance Company USA DFE: Pooled Separate Account $137,193
Real Est. Securities Fund John Hancock Life Insurance Company USA DFE: Pooled Separate Account $89,708
Capital Appreciation Fund John Hancock Life Insurance Company USA DFE: Pooled Separate Account $73,302
Oppenheimer Global John Hancock Life Insurance Company USA DFE: Pooled Separate Account $65,519
T. Rowe Price Spectrum Inc John Hancock Life Insurance Company USA DFE: Pooled Separate Account $58,947
American Balanced Fund John Hancock Life Insurance Company USA DFE: Pooled Separate Account $52,764
Investment Company of America John Hancock Life Insurance Company USA DFE: Pooled Separate Account $35,720
Vanguard Energy Fund John Hancock Life Insurance Company USA DFE: Pooled Separate Account $32,861
T. Rowe Price Equity Inc John Hancock Life Insurance Company USA DFE: Pooled Separate Account $32,813
500 Index Fund John Hancock Life Insurance Company USA DFE: Pooled Separate Account $31,498
Jh Ls Mod Active Strategy John Hancock Life Insurance Company USA DFE: Pooled Separate Account $31,337
T. Rowe Price Sci & Tech John Hancock Life Insurance Company USA DFE: Pooled Separate Account $26,846
Washington Mutual Investors John Hancock Life Insurance Company USA DFE: Pooled Separate Account $26,213
Blue Chip Growth Fund John Hancock Life Insurance Company USA DFE: Pooled Separate Account $19,571
Jpmorgan Midcap Value Fund John Hancock Life Insurance Company USA DFE: Pooled Separate Account $17,541
The Growth Fund of America John Hancock Life Insurance Company USA DFE: Pooled Separate Account $17,227
Domini Social Equity John Hancock Life Insurance Company USA DFE: Pooled Separate Account $15,752
Jpmorgan Us Equity Fund John Hancock Life Insurance Company USA DFE: Pooled Separate Account $15,143
Royce Opportunity John Hancock Life Insurance Company USA DFE: Pooled Separate Account $12,763
Fundamental Large Cap Value John Hancock Life Insurance Company USA DFE: Pooled Separate Account $10,420
High Yield Fund John Hancock Life Insurance Company USA DFE: Pooled Separate Account $9,181
Fidelity Contrafund John Hancock Life Insurance Company USA DFE: Pooled Separate Account $8,257
Value Fund John Hancock Life Insurance Company USA DFE: Pooled Separate Account $8,138
Mid Cap Index Fund John Hancock Life Insurance Company USA DFE: Pooled Separate Account $8,126
Clearbridge Agreessive Growth John Hancock Life Insurance Company USA DFE: Pooled Separate Account $7,953
Oppenheimer Developing Mkt John Hancock Life Insurance Company USA DFE: Pooled Separate Account $7,132
International Value Fund John Hancock Life Insurance Company USA DFE: Pooled Separate Account $6,438
Money Market Fund John Hancock Life Insurance Company USA DFE: Pooled Separate Account $6,166
Europacific Growth Fund John Hancock Life Insurance Company USA DFE: Pooled Separate Account $4,965
Pimco Real Return John Hancock Life Insurance Company USA DFE: Pooled Separate Account $4,440
Mid Value Fund John Hancock Life Insurance Company USA DFE: Pooled Separate Account $4,290
Intl Small Cap Fund John Hancock Life Insurance Company USA DFE: Pooled Separate Account $4,115
Intl Equity Index Fund John Hancock Life Insurance Company USA DFE: Pooled Separate Account $4,114
Fidelity Advisor Total Bond John Hancock Life Insurance Company USA DFE: Pooled Separate Account $4,102
Strategic Income Opp Fund John Hancock Life Insurance Company USA DFE: Pooled Separate Account $3,143
Pimco Global Bond John Hancock Life Insurance Company USA DFE: Pooled Separate Account $2,841
Pimco All Asset John Hancock Life Insurance Company USA DFE: Pooled Separate Account $2,099
Franklin Small-Mid Growth John Hancock Life Insurance Company USA DFE: Pooled Separate Account $1,637
John Hancock Disciplined Value John Hancock Life Insurance Company USA DFE: Pooled Separate Account $1,552
Franklin Mutual Beacon Fund John Hancock Life Insurance Company USA DFE: Pooled Separate Account $1,345
Blackrock Global Allocation John Hancock Life Insurance Company USA DFE: Pooled Separate Account $0
Mutual Global Discovery John Hancock Life Insurance Company USA DFE: Pooled Separate Account $0
Small Cap Value Fund John Hancock Life Insurance Company USA DFE: Pooled Separate Account $0
Mid Cap Stock Fund John Hancock Life Insurance Company USA DFE: Pooled Separate Account $0
Total $1,583,822

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock USA 49
EIN 01-0233346
Industry Code 65838
Contract Number 17255
Contract Year 01/01/2016 — 12/31/2016
Value in General Account at Year End $15,563
Value in Separate Accounts at Year End $1,583,822
Insurance Fees and Commissions $8,894
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Morgan Stanley Insurance Services Investment Manager/Adviser $7,964 $0 BROKER COMMISSION
Cdm Retirement Consultants, Inc. 300 East Joppa Road Towson, MD 21286 Third Party Administrator $796 $0 TPA COMPENSATION
Morgan Stanley Smith Barney 2000 Westchester Avenue Purchase, NY 10577 Investment Company/Mutual Fund $134 $0 OTHER ALLOWANCES
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 $13,322
Additions $2,833
Contributions Deposited during the year $2,686
Dividends and credits $0
Interest credited during the year $147
Transferred from separate account $0
Other $0
Total of Balance and Additions $16,155
Deductions $115
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $115
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $16,040