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Overview

Plan Information

  • Plan Year01/01/2006 — 12/31/2006
  • Date of Plan06/01/1992
  • Net Assets as of 12/31/2006 $4,328,799
  • 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 12/31/2006

  • Active (Eligible) Participants174
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits59
  • Subtotal233
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total233
  • Total number of participants as of 01/01/2006204
  • Number of participants with account balances142
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested5
  • Number of participants required to be reported on Schedule SSA3

Expenses

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

Sponsor Information

  • Address300 El Cajon Blvd
  • CityEl Cajon
  • StateCA
  • Zip92020-4306
  • Telephone(619) 440-0225
  • EIN33-0417241
  • Industry Code441110
  • Named AdministratorGary Kaminsky
  • Named Plan SponsorGary Kaminsky

Plan Administrator Information

  • Administrator NameSAME
  • Administrator EIN

Audit Information

  • Audit StatusAudited
  • AuditorLance Soll & Lunghard, LLP
  • Auditor EIN95-2700123
  • 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.

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 $456
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

Financials

Income and Expense Statement

Income $943,145
Contributions $421,331
Cash Contributions $421,331
Cash from Employers $3,296
Cash from Participants $394,716
Others (including rollovers) $23,319
Noncash Contributions $0
Total Earnings on Investments $521,814
Total Interest $3,147
Interest-Bearing Cash $306
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $2,772
Interest from Other Investments $69
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 $518,667
Other Income $0
Expenses $186,627
Total Benefit Payments $168,894
Directly to participants or beneficiaries, including direct rollovers $168,894
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 $17,733
Professional Fees $0
Contract Administrator Fees $3,895
Investment Advisory and management fees $13,838
Other Administrative Fees $0
Net Income $756,518
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2006 12/31/2005 Change YOY
Total Assets $4,328,799 $3,572,281 21.18%
Total noninterest-bearing cash $0 $43 -100.00%
Receivables $525 $334 57.19%
Employer Contributions $0 $0 0.0%
Participant Contributions $456 $334 36.53%
Other Contributions $69 $0 0.0%
General Investments $22,487 $41,699 -46.07%
Interest-bearing cash $22,487 $41,699 -46.07%
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 $32,831 $41,155 -20.23%
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 $4,264,572 $3,476,569 22.67%
Value of funds held in insurance co. general account $8,384 $12,481 -32.83%
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 $4,328,799 $3,572,281 21.18%

Service Providers

Service Providers

Name Nature of Service Relationship to Plan Sponsor Gross Salary or Allowances Paid by Plan Fees and Commissions Paid by Plan Total Salary/Fees
John Hancock USA Investment Management $0 $13,838 $13,838
Total $0 $13,838 $13,838

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Jh Lifestyle Growth John Hancock USA DFE: Pooled Separate Account $1,325,965
Jh Lifestyle Aggressive John Hancock USA DFE: Pooled Separate Account $1,068,346
Jh Lifestyle Balanced John Hancock USA DFE: Pooled Separate Account $748,338
Jh Lifestyle Moderate John Hancock USA DFE: Pooled Separate Account $204,859
Jh Oppenheimer Developing John Hancock USA DFE: Pooled Separate Account $174,412
Jh Dws Rreef Real Estate John Hancock USA DFE: Pooled Separate Account $131,364
Money Market Fund John Hancock USA DFE: Pooled Separate Account $121,003
Jh Franklin Balance Sheet John Hancock USA DFE: Pooled Separate Account $61,036
Jh Excelsior Value & Rest John Hancock USA DFE: Pooled Separate Account $54,750
Jh T. Rowe Price Blue Chi John Hancock USA DFE: Pooled Separate Account $51,438
Jh Lifestyle Conservative John Hancock USA DFE: Pooled Separate Account $37,512
Jh Templeton Foreign John Hancock USA DFE: Pooled Separate Account $28,956
Jh Weitz Partners Value John Hancock USA DFE: Pooled Separate Account $27,841
Jh Mutual Discovery John Hancock USA DFE: Pooled Separate Account $26,501
Quantitative Mid Cap Fund John Hancock USA DFE: Pooled Separate Account $20,110
Jh Short-Term Federal John Hancock USA DFE: Pooled Separate Account $17,702
Jh American Funds Am Bala John Hancock USA DFE: Pooled Separate Account $17,231
Jh Pimco Total Return John Hancock USA DFE: Pooled Separate Account $16,735
500 Index Fund John Hancock USA DFE: Pooled Separate Account $16,716
Jh Legg Mason Growth John Hancock USA DFE: Pooled Separate Account $15,342
Jh Fidelity Advisor Div G John Hancock USA DFE: Pooled Separate Account $15,212
Jh American Century Vista John Hancock USA DFE: Pooled Separate Account $14,370
Jh Aim Small Cap Growth John Hancock USA DFE: Pooled Separate Account $14,208
Jh T. Rowe Price Spectrum John Hancock USA DFE: Pooled Separate Account $10,957
Emerging Growth Fund John Hancock USA DFE: Pooled Separate Account $8,742
Jh Lm Partners Glb High Y John Hancock USA DFE: Pooled Separate Account $8,507
Jh T. Rowe Price Sci & Te John Hancock USA DFE: Pooled Separate Account $5,909
Quantitative All Cap Fund John Hancock USA DFE: Pooled Separate Account $5,435
Jh Davis New York Venture John Hancock USA DFE: Pooled Separate Account $2,996
Jh Aim Constellation John Hancock USA DFE: Pooled Separate Account $2,887
Quantitative Value Fund John Hancock USA DFE: Pooled Separate Account $2,878
Jh Jennison Growth John Hancock USA DFE: Pooled Separate Account $1,646
Jh Templeton World John Hancock USA DFE: Pooled Separate Account $1,633
Jh Mutual Beacon John Hancock USA DFE: Pooled Separate Account $1,305
Jh Domini Social Equity John Hancock USA DFE: Pooled Separate Account $990
Jh American Funds Europac John Hancock USA DFE: Pooled Separate Account $740
Jh Money Fund John Hancock USA DFE: Pooled Separate Account $0
Jh Fidelity Advisor Advis John Hancock USA DFE: Pooled Separate Account $0
Jh Scudder Intl Select Eq John Hancock USA DFE: Pooled Separate Account $0
Total $4,264,572

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock Life Insurance Company (USA) 142
EIN 01-0233346
Industry Code 65838
Contract Number 63980
Contract Year 01/01/2006 — 12/31/2006
Value in General Account at Year End $8,384
Value in Separate Accounts at Year End $4,264,572
Insurance Fees and Commissions $12,039
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Christopher Weil & Co., Inc. 12555 High Bluff, Suite 180 San Diego, CA 92130 Insurance Agent or Broker $9,735 $0
Strategic Pension Services 4100 Newport Place Ste 660 Newport Beach, CA 92660 -0000 Third Party Administrator $0 $2,304 LOAN DOCUMENT FEE & MARKETING ALLOWANCE
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
Balance at the end of the previous year $12,481
Additions $1,693
Contributions Deposited during the year $1,076
Dividends and credits $0
Interest credited during the year $307
Transferred from separate account $310
Other $0
Total of Balance and Additions $14,174
Deductions $5,790
Disbursed from fund to pay benefits or purchase annuities during the year $5,677
Administration charge made by carrier $34
Transferred to Separate Account $0
Other $79
Balance at the end of the current year $8,384