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Overview

Plan Information

  • Plan Year01/01/2012 — 12/31/2012
  • Date of Plan06/01/1992
  • Net Assets as of 12/31/2012 $4,031,470
  • 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 12/31/2012

  • Active (Eligible) Participants129
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits57
  • Subtotal186
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total186
  • Total number of participants as of 01/01/2012203
  • Number of participants with account balances108
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested7

Expenses

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

Sponsor Information

  • Address965 Arnele Avenue
  • CityEl Cajon
  • StateCA
  • Zip92020
  • Telephone(619) 270-3000
  • EIN33-0417241
  • Industry Code441110
  • Named AdministratorGary Kaminsky
  • Named Plan SponsorGary Kaminsky

Audit Information

  • Audit StatusAudited
  • AuditorParke, Guptill & Co, LLP
  • Auditor EIN95-3378831
  • 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 $53,905
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 $742,058
Contributions $233,716
Cash Contributions $233,716
Cash from Employers $19,836
Cash from Participants $213,880
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $508,259
Total Interest $4,233
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $4,131
Interest from Other Investments $102
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 $504,026
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 $83
Expenses $337,997
Total Benefit Payments $310,094
Directly to participants or beneficiaries, including direct rollovers $310,094
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 $27,903
Professional Fees $0
Contract Administrator Fees $27,903
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $404,061
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2012 12/31/2011 Change YOY
Total Assets $4,037,306 $3,627,409 11.30%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $0 $50 -100.00%
Employer Contributions $0 $0 0.0%
Participant Contributions $0 $50 -100.00%
Other Contributions $0 $0 0.0%
General Investments $6,261 $813 670.11%
Interest-bearing cash $6,261 $813 670.11%
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 $108,366 $102,539 5.68%
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 $3,901,994 $3,503,407 11.38%
Value of funds held in insurance co. general account $20,685 $20,600 0.41%
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 $5,836 $0 0.0%
Benefit Claims Payable (1) $5,836 $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 $4,031,470 $3,627,409 11.14%

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
Strategic Pension Services Contract Administrator, Consulting (pension), Participant loan processing, Direct payment from the plan, Consulting fees Third Pary Admin $6,371 $0 $6,371
John Hancock USA Recordkeeping and information management (computing, tabulating, data processing, etc.), Investment management, Shareholder servicing fees, Sub-transfer agency fees, Float revenue, Distribution (12b-1) fees, Other insurance wrap fees, Soft dollars commissions Recordkeeper $384 $0 $384
Total $6,755 $0 $6,755

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
Lifestyle Balanced John Hancock USA DFE: Pooled Separate Account $1,072,057
Lifestyle Growth John Hancock USA DFE: Pooled Separate Account $778,672
Lifestyle Aggressive John Hancock USA DFE: Pooled Separate Account $450,347
Lifestyle Moderate John Hancock USA DFE: Pooled Separate Account $383,083
Oppenheimer Developing Mkt John Hancock USA DFE: Pooled Separate Account $238,644
Lifestyle Conservative John Hancock USA DFE: Pooled Separate Account $110,877
Money Market Fund John Hancock USA DFE: Pooled Separate Account $98,100
Pimco Total Return John Hancock USA DFE: Pooled Separate Account $76,720
Retirement Living Through 2035 John Hancock USA DFE: Pooled Separate Account $70,660
Blue Chip Growth Fund John Hancock USA DFE: Pooled Separate Account $64,252
Capital Appreciation Fund John Hancock USA DFE: Pooled Separate Account $62,867
American Balanced Fund John Hancock USA DFE: Pooled Separate Account $56,576
John Hancock Disciplined Value John Hancock USA DFE: Pooled Separate Account $53,242
Oppenheimer Global John Hancock USA DFE: Pooled Separate Account $44,532
International Value Fund John Hancock USA DFE: Pooled Separate Account $38,985
Retirement Living Through 2025 John Hancock USA DFE: Pooled Separate Account $37,536
Real Est. Securities Fund John Hancock USA DFE: Pooled Separate Account $36,946
High Yield Fund John Hancock USA DFE: Pooled Separate Account $33,579
Mid Cap Stock Fund John Hancock USA DFE: Pooled Separate Account $33,008
T. Rowe Price Sml Cap Val John Hancock USA DFE: Pooled Separate Account $27,821
T. Rowe Price Sci & Tech John Hancock USA DFE: Pooled Separate Account $22,606
Inv Small Cap Growth John Hancock USA DFE: Pooled Separate Account $21,148
Value Fund John Hancock USA DFE: Pooled Separate Account $19,804
Short-Term Federal John Hancock USA DFE: Pooled Separate Account $13,913
Mutual Beacon John Hancock USA DFE: Pooled Separate Account $13,111
Davis New York Venture John Hancock USA DFE: Pooled Separate Account $11,161
Small Cap Growth Index John Hancock USA DFE: Pooled Separate Account $7,341
Retirement Living Through 2010 John Hancock USA DFE: Pooled Separate Account $6,465
T. Rowe Price Spectrum Inc John Hancock USA DFE: Pooled Separate Account $6,050
Retirement Living Through 2045 John Hancock USA DFE: Pooled Separate Account $5,375
Mutual Global Discovery John Hancock USA DFE: Pooled Separate Account $1,500
Fundamental All Cap Core Fund John Hancock USA DFE: Pooled Separate Account $1,366
American Century Heritage John Hancock USA DFE: Pooled Separate Account $1,350
Europacific Growth Fund John Hancock USA DFE: Pooled Separate Account $1,180
Domini Social Equity John Hancock USA DFE: Pooled Separate Account $1,120
Retirement Living Through 2050 John Hancock USA DFE: Pooled Separate Account $0
Franklin Balance Sheet John Hancock USA DFE: Pooled Separate Account $0
Retirement Living Through 2020 John Hancock USA DFE: Pooled Separate Account $0
Columbia Value & Restructuring John Hancock USA DFE: Pooled Separate Account $0
Total $3,901,994

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock USA 108
EIN 01-0233346
Industry Code 65838
Contract Number 63980
Contract Year 01/01/2012 — 12/31/2012
Value in General Account at Year End $20,685
Value in Separate Accounts at Year End $3,901,994
Insurance Fees and Commissions $11,405
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 Agent or Broker other than Insurance $9,465 $0
Strategic Pension Services, Inc. Irvine, CA 92612 Third Party Administrator $0 $1,940 MARKETING ALLOWANCE LOAN DOCUMENT FEE, SUBSCRIPTIONS, WEBINARS, ROLLOVER REFERRAL
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 GUARANTEED INTEREST
Balance at the end of the previous year $20,600
Additions $156
Contributions Deposited during the year $6
Dividends and credits $0
Interest credited during the year $102
Transferred from separate account $0
Other $48
Total of Balance and Additions $20,756
Deductions $71
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $71
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $20,685