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Overview

Plan Information

  • Plan Year01/01/2018 — 12/31/2018
  • Date of Plan01/01/2008
  • Net Assets as of 12/31/2018 $2,168,781
  • 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 12/31/2018

  • Active (Eligible) Participants297
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits101
  • Subtotal398
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total398
  • Total number of participants as of 01/01/2018438
  • Number of participants with account balances251
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested1

Expenses

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

Sponsor Information

  • Address2591 Dallas Parkway, Suite 200
  • CityFrisco
  • StateTX
  • Zip75023
  • Telephone(214) 436-4161
  • EIN45-3344541
  • Industry Code532400
  • Named AdministratorAlex Didea

Audit Information

  • Audit StatusAudited
  • AuditorBaker Tilly Virchow Krause, LLP
  • Auditor EIN39-0859910
  • 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? Yes $21,396
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 $100,000
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 $538,035
Contributions $705,725
Cash Contributions $705,725
Cash from Employers $278,800
Cash from Participants $384,785
Others (including rollovers) $42,140
Noncash Contributions $0
Total Earnings on Investments $-167,690
Total Interest $719
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $719
Participant Loans $0
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 $-168,409
Other Income $0
Expenses $236,437
Total Benefit Payments $220,821
Directly to participants or beneficiaries, including direct rollovers $220,821
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 $15,616
Professional Fees $0
Contract Administrator Fees $15,616
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $301,598
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 $2,168,781 $1,867,183 16.15%
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 $14,527 $15,292 -5.00%
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 $1,823,156 $1,424,685 27.97%
Value of funds held in insurance co. general account $331,098 $427,206 -22.50%
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 $2,168,781 $1,867,183 16.15%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Transamerica Financial Life

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 Financial Life Insuran 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 $10,931 $0 $10,931
Mesirow Financial, Inc. Investment advisory (plan) Investment Advisory -Plan $395 $0 $395
Kestra Investment Services LLC Insurance agents and brokers, Insurance services, Insurance brokerage commissions and fees Broker $0 $0 $0
Total $11,326 $0 $11,326

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

Name Position Explanation
Montgomery Coscia Greilich LLP Auditor Montgomery Coscia Greilich LLP Merged With Baker Tilly Virchow Krause, LLP On June 1, 2019.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Transamerica Partners Stock Index Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $169,134
Transamerica Global Equity Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $129,675
American Funds Europacific Growth Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $120,082
Ta Vanguard Reit Index Ret Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $101,314
Jpmorgan U.S. Equity Ret Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $96,475
Janus Henderson Enterprise Ret Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $93,672
Transamerica Large Value Opp Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $90,906
Loomis Sayles Investment Grade Bond Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $75,293
Prudential Jennison Natural Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $71,617
Blackrock Basic Value Ret Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $66,929
Ta Vanguard Lifestrategy Income Ret Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $63,911
Columbia Contrarian Core Ret Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $62,691
American Funds Amcap Ret Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $62,279
State Street S&P Mid Cap Index Ret Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $61,528
Alger Capital Appreciation Ret Acct Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $55,287
American Funds New World Ret Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $52,116
Dfa U.S. Targeted Value Portfolio Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $46,515
Transamerica Emerging Markets Debt Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $43,076
Ab Global Bond Ret Acct Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $41,806
Hartford Intl Opportunities Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $40,136
Clearbridge Aggressive Growth Ret Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $38,030
Transamerica International Equity Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $31,036
American Beacon International Eqty Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $24,648
Janus Henderson Triton Ret Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $20,098
Pimco Real Return Ret Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $19,926
Oppenheimer Main Street Mid Cap Ret Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $17,520
Invesco American Value Ret Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $17,353
Jpmorgan U.S. Small Company Ret Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $16,973
Goldman Sachs Income Builder Ret Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $15,919
Transamerica High Yield Bond Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $15,601
Transamerica Flexible Income Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $15,472
Lord Abbett Total Return Ret Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $11,297
Invesco Equity and Income Ret Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $11,116
American Century Real Estate Ret Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $9,728
Blackrock Global Allocation II Ret Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $7,502
Wells Fargo Government Securities Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $6,493
Total $1,823,154

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Transamerica Financial Life Insurance Company 297
EIN 36-6071399
Industry Code 70688
Contract Number 602057
Contract Year 01/01/2018 — 12/31/2018
Value in General Account at Year End $0
Value in Separate Accounts at Year End $1,823,156
Insurance Fees and Commissions $11,356
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Merrill Lynch Life Agency Inc 4804 Deer Lake Dr, E 5th Floor Jacksonville, FL 32246 Insurance Agent or Broker $7,176 $0 BROKER COMMISSIONS
Nfp Insurance Services Inc 1250 Capital of Tx, Hwy S. #6 Austin, TX 78746 Insurance Agent or Broker $2,682 $0 BROKER COMMISSIONS
Nova 401K Associates 10777 Northwest Frwy, Suite 440 Houston, TX 77092 Third Party Administrator $0 $1,498 TPA FEES
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 $427,207
Additions $114,788
Contributions Deposited during the year $92,910
Dividends and credits $0
Interest credited during the year $2,385
Transferred from separate account $14,664
Other $4,829
Total of Balance and Additions $541,995
Deductions $210,897
Disbursed from fund to pay benefits or purchase annuities during the year $144,062
Administration charge made by carrier $1,227
Transferred to Separate Account $58,954
Other $6,654
Balance at the end of the current year $331,098