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FORM 5500 DATA

Associations International, LLC 401k Plan

Overview

Plan Information

  • Plan Year01/01/2018 — 12/31/2018
  • Date of Plan03/01/2011
  • Net Assets as of 12/31/2018 $4,981,268
  • 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? No
  • Plan Funding ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2018

  • Active (Eligible) Participants121
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits21
  • Subtotal142
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total142
  • Total number of participants as of 01/01/2018135
  • Number of participants with account balances110
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested10

Expenses

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

Sponsor Information

  • Address2365 Harrodsburg Road Suite A325
  • CityLexington
  • StateKY
  • Zip40504
  • Telephone(859) 226-4335
  • EIN27-4849171
  • Industry Code541600

Audit Information

  • Audit StatusAudited
  • AuditorDean Dorton Allen Ford, PLLC
  • Auditor EIN27-3585825
  • 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.
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? 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 $416,539
Contributions $787,343
Cash Contributions $787,343
Cash from Employers $156,012
Cash from Participants $473,498
Others (including rollovers) $157,833
Noncash Contributions $0
Total Earnings on Investments $-373,641
Total Interest $3,365
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $3,365
Interest from Other Investments $0
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 $0
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 $-377,006
Other Income $2,837
Expenses $446,456
Total Benefit Payments $442,938
Directly to participants or beneficiaries, including direct rollovers $442,938
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 $3,518
Professional Fees $0
Contract Administrator Fees $3,518
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $-29,917
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 $4,981,268 $5,011,185 -0.60%
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 $161,617 $32,406 398.73%
Value of interest in common/collective trusts $0 $777,762 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 $4,368,305 $4,201,017 3.98%
Value of funds held in insurance co. general account $451,346 $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 $4,981,268 $5,011,185 -0.60%

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
Mcgregor & Associates, Inc Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Recordkeeping fees Recordkeeper $1,620 $81 $1,701
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 $1,141 $0 $1,141
Mesirow Financial, Inc Investment advisory (plan) Investment Advisory-Plan $756 $0 $756
Total $3,517 $81 $3,598

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
Western Asset Core Plus Bond Ret Op Transamerica Life Insurance Company DFE: Pooled Separate Account $769,238
Mfs Massachusetts Investors Growth Transamerica Life Insurance Company DFE: Pooled Separate Account $657,301
Transamerica Partners Stock Index R Transamerica Life Insurance Company DFE: Pooled Separate Account $656,485
Invesco Diversified Dividend Ret Op Transamerica Life Insurance Company DFE: Pooled Separate Account $646,398
American Century Inflation-Adjusted Transamerica Life Insurance Company DFE: Pooled Separate Account $339,375
Dfa Global Equity Portfolio Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $244,940
State Street International Index Re Transamerica Life Insurance Company DFE: Pooled Separate Account $193,136
Lord Abbett High Yield Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $115,662
Pioneer Select Mid Cap Growth Ret O Transamerica Life Insurance Company DFE: Pooled Separate Account $113,616
Templeton Global Bond Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $102,539
Ta Vanguard Small-Cap Index Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $93,168
Ta Vanguard Real Estate Index Ret O Transamerica Life Insurance Company DFE: Pooled Separate Account $84,770
Dfa U.S. Targeted Value Portfolio R Transamerica Life Insurance Company DFE: Pooled Separate Account $80,960
State Street S&P Mid Cap Index Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $79,636
Janus Henderson Triton Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $79,402
Goldman Sachs Mid Cap Value Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $71,821
Ta Blackrock Lifepath Index 2055 Re Transamerica Life Insurance Company DFE: Pooled Separate Account $32,886
Ta Blackrock Lifepath Index 2045 Re Transamerica Life Insurance Company DFE: Pooled Separate Account $3,160
Ta Blackrock Lifepath Index 2035 Re Transamerica Life Insurance Company DFE: Pooled Separate Account $1,680
Ta Blackrock Lifepath Index 2040 Re Transamerica Life Insurance Company DFE: Pooled Separate Account $1,220
Ta Blackrock Lifepath Index 2030 Re Transamerica Life Insurance Company DFE: Pooled Separate Account $527
Ta Blackrock Lifepath Index 2025 Re Transamerica Life Insurance Company DFE: Pooled Separate Account $383
Ta Blackrock Lifepath Index 2050 Re Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Ta Blackrock Lifepath Index 2020 Re Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Ta Blackrock Lifepath Index Retirem Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Ta Blackrock Lifepath Index 2060 Re Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Total $4,368,303

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Transamerica Life Insurance Company 0
EIN 39-0989781
Industry Code 86231
Contract Number 808897-000
Contract Year
Value in General Account at Year End $0
Value in Separate Accounts at Year End $4,368,305
Insurance Fees and Commissions $19,198
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Raymond James Insurance Group Inc Investment Manager/Adviser $16,146 $0
Mcgregor & Associates, Inc Third Party Administrator $0 $3,052
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 $0
Additions $607,623
Contributions Deposited during the year $71,637
Dividends and credits $0
Interest credited during the year $3,256
Transferred from separate account $16,306
Other $516,424
Total of Balance and Additions $607,623
Deductions $156,278
Disbursed from fund to pay benefits or purchase annuities during the year $55,451
Administration charge made by carrier $0
Transferred to Separate Account $72,214
Other $28,613
Balance at the end of the current year $451,345