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Overview

Plan Information

  • Plan Year01/01/2008 — 12/31/2008
  • Date of Plan06/01/1992
  • Net Assets as of 12/31/2008 $2,894,969
  • 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 12/31/2008

  • Active (Eligible) Participants118
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits71
  • Subtotal189
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total189
  • Total number of participants as of 01/01/2008220
  • Number of participants with account balances138
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested22
  • Number of participants required to be reported on Schedule SSA4

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 $6,536
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 $-1,178,436
Contributions $437,787
Cash Contributions $437,787
Cash from Employers $0
Cash from Participants $336,228
Others (including rollovers) $101,559
Noncash Contributions $0
Total Earnings on Investments $-1,616,223
Total Interest $10,264
Interest-Bearing Cash $435
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $9,829
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 $-1,626,487
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 $598,115
Total Benefit Payments $575,998
Directly to participants or beneficiaries, including direct rollovers $575,998
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 $22,117
Professional Fees $0
Contract Administrator Fees $8,157
Investment Advisory and management fees $13,960
Other Administrative Fees $0
Net Income $-1,776,551
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2008 12/31/2007 Change YOY
Total Assets $2,896,999 $4,673,550 -38.01%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $5,623 $2,564 119.31%
Employer Contributions $0 $0 0.0%
Participant Contributions $5,623 $2,441 130.36%
Other Contributions $0 $123 -100.00%
General Investments $21,636 $40,222 -46.21%
Interest-bearing cash $21,636 $40,222 -46.21%
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 $151,615 $123,990 22.28%
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 $2,698,542 $4,483,632 -39.81%
Value of funds held in insurance co. general account $19,583 $23,142 -15.38%
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 $2,030 $2,030 0.00%
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) $2,030 $2,030 0.00%
Net Assets $2,894,969 $4,671,520 -38.03%

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 $13,959 $13,959
Strategic Pension Services, Inc. Contract Administrator $0 $8,157 $8,157
Total $0 $22,116 $22,116

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Lifestyle Growth John Hancock USA DFE: Pooled Separate Account $887,514
Lifestyle Aggressive John Hancock USA DFE: Pooled Separate Account $580,335
Lifestyle Balanced John Hancock USA DFE: Pooled Separate Account $398,929
Money Market Fund John Hancock USA DFE: Pooled Separate Account $188,516
Lifestyle Moderate John Hancock USA DFE: Pooled Separate Account $186,630
Oppenheimer Developing Mkt John Hancock USA DFE: Pooled Separate Account $112,489
T. Rowe Price Blue Chip John Hancock USA DFE: Pooled Separate Account $54,919
Lifestyle Conservative John Hancock USA DFE: Pooled Separate Account $38,758
Dws Rreef Real Estate John Hancock USA DFE: Pooled Separate Account $34,202
American Balanced Fund John Hancock USA DFE: Pooled Separate Account $33,542
Columbia Value & Restructuring John Hancock USA DFE: Pooled Separate Account $28,971
Franklin Balance Sheet John Hancock USA DFE: Pooled Separate Account $21,417
Short-Term Federal John Hancock USA DFE: Pooled Separate Account $20,108
Pimco Total Return John Hancock USA DFE: Pooled Separate Account $18,926
T. Rowe Price Spectrum Inc John Hancock USA DFE: Pooled Separate Account $17,538
Aim Small Cap Growth John Hancock USA DFE: Pooled Separate Account $17,054
T. Rowe Price Sci & Tech John Hancock USA DFE: Pooled Separate Account $8,022
Davis New York Venture John Hancock USA DFE: Pooled Separate Account $7,279
International Value Fund John Hancock USA DFE: Pooled Separate Account $6,073
Small Cap Growth Index John Hancock USA DFE: Pooled Separate Account $5,635
Lm Partners Glb High Yield John Hancock USA DFE: Pooled Separate Account $5,489
American Century Vista John Hancock USA DFE: Pooled Separate Account $5,230
Mutual Beacon John Hancock USA DFE: Pooled Separate Account $4,104
Optimized Value Fund John Hancock USA DFE: Pooled Separate Account $3,829
Mutual Discovery John Hancock USA DFE: Pooled Separate Account $2,733
Jennison Growth John Hancock USA DFE: Pooled Separate Account $2,190
Mid Cap Stock Fund John Hancock USA DFE: Pooled Separate Account $1,950
All Cap Growth Fund John Hancock USA DFE: Pooled Separate Account $1,853
Legg Mason Growth John Hancock USA DFE: Pooled Separate Account $1,702
500 Index Fund John Hancock USA DFE: Pooled Separate Account $1,103
Optimized All Cap Fund John Hancock USA DFE: Pooled Separate Account $985
Europacific Growth Fund John Hancock USA DFE: Pooled Separate Account $517
Quantitative Mid Cap Fund John Hancock USA DFE: Pooled Separate Account $0
Jh Weitz Partners Value John Hancock USA DFE: Pooled Separate Account $0
Jh Fidelity Advisor Div Grwth John Hancock USA DFE: Pooled Separate Account $0
Jh Aim Constellation John Hancock USA DFE: Pooled Separate Account $0
Emerging Growth Fund John Hancock USA DFE: Pooled Separate Account $0
Templeton World John Hancock USA DFE: Pooled Separate Account $0
Total $2,698,542

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock Life Insurance Company (USA) 138
EIN 01-0233346
Industry Code 65838
Contract Number 63980
Contract Year 01/01/2008 — 12/31/2008
Value in General Account at Year End $19,583
Value in Separate Accounts at Year End $2,698,542
Insurance Fees and Commissions $13,379
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 $10,497 $0
Strategic Pension Services 4100 Newport Place Ste 660 Newport Beach, CA 92660 -0000 Third Party Administrator $0 $2,882 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 $23,141
Additions $13,385
Contributions Deposited during the year $3,533
Dividends and credits $0
Interest credited during the year $1,084
Transferred from separate account $8,768
Other $0
Total of Balance and Additions $36,526
Deductions $16,943
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $104
Transferred to Separate Account $16,190
Other $649
Balance at the end of the current year $19,583