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Overview

Plan Information

  • Plan Year01/01/2014 — 12/31/2014
  • Date of Plan06/01/1992
  • Net Assets as of 12/31/2014 $5,416,062
  • 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 12/31/2014

  • Active (Eligible) Participants160
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits61
  • Subtotal221
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total221
  • Total number of participants as of 01/01/2014204
  • Number of participants with account balances143
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested9

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 Code441120

Audit Information

  • Audit StatusAudited
  • AuditorParke, Guptill & Company, 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? 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? 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 $809,854
Contributions $433,362
Cash Contributions $433,362
Cash from Employers $30,488
Cash from Participants $311,801
Others (including rollovers) $91,073
Noncash Contributions $0
Total Earnings on Investments $376,492
Total Interest $3,561
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $3,561
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 $372,931
Other Income $0
Expenses $103,696
Total Benefit Payments $83,650
Directly to participants or beneficiaries, including direct rollovers $83,650
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $10,455
Interest expense $0
Total Administrative Expenses $9,591
Professional Fees $0
Contract Administrator Fees $4,297
Investment Advisory and management fees $5,294
Other Administrative Fees $0
Net Income $706,158
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2014 12/31/2013 Change YOY
Total Assets $5,416,062 $4,709,904 14.99%
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 $9,443 0.0%
Interest-bearing cash $0 $9,443 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 $83,944 $98,721 -14.97%
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 $5,332,118 $4,581,026 16.40%
Value of funds held in insurance co. general account $0 $20,714 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 $5,416,062 $4,709,904 14.99%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Voya Retirement Insurance and Annui
  • Christopher Weil & Company
  • 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
Hicks Pension Services Consulting (general), Participant loan processing, Participant communication, Direct payment from the plan, Other commissions, Consulting fees Third Party Administrato $725 $0 $725
Total $725 $0 $725

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
Vanguard Target Retirement 2035 Fu Voya Retirement Insurance and Annuity Company Separate Account D DFE: Pooled Separate Account $1,078,577
Vanguard Target Retirement 2040 Fu Voya Retirement Insurance and Annuity Company Separate Account D DFE: Pooled Separate Account $728,126
Vanguard Target Retirement 2015 Fu Voya Retirement Insurance and Annuity Company Separate Account D DFE: Pooled Separate Account $585,520
Vanguard Target Retirement 2030 Fu Voya Retirement Insurance and Annuity Company Separate Account D DFE: Pooled Separate Account $528,743
Vanguard Target Retirement 2020 Voya Retirement Insurance and Annuity Company Separate Account D DFE: Pooled Separate Account $493,069
Vanguard Target Retirement Income Voya Retirement Insurance and Annuity Company Separate Account D DFE: Pooled Separate Account $487,708
Vanguard Target Retirement 2010 Fu Voya Retirement Insurance and Annuity Company Separate Account D DFE: Pooled Separate Account $450,898
Vanguard Target Retirement 2025 Fu Voya Retirement Insurance and Annuity Company Separate Account D DFE: Pooled Separate Account $394,190
Vanguard Target Retirement 2050 Fu Voya Retirement Insurance and Annuity Company Separate Account D DFE: Pooled Separate Account $208,859
Vanguard Target Retirement 2045 Fu Voya Retirement Insurance and Annuity Company Separate Account D DFE: Pooled Separate Account $85,591
American Century Investments Mid C Voya Retirement Insurance and Annuity Company Separate Account D DFE: Pooled Separate Account $54,871
American Funds The Income Fund of A Voya Retirement Insurance and Annuity Company Separate Account D DFE: Pooled Separate Account $53,850
American Funds The Growth Fund of A Voya Retirement Insurance and Annuity Company Separate Account D DFE: Pooled Separate Account $53,692
American Funds Europacific Growth F Voya Retirement Insurance and Annuity Company Separate Account D DFE: Pooled Separate Account $37,901
Dfa U.S. Targeted Value Portfolio - Voya Retirement Insurance and Annuity Company Separate Account D DFE: Pooled Separate Account $27,041
Vanguard Target Retirement 2055 Fu Voya Retirement Insurance and Annuity Company Separate Account D DFE: Pooled Separate Account $17,494
Voya Money Market Fund Voya Retirement Insurance and Annuity Company Separate Account D DFE: Pooled Separate Account $16,843
Vanguard Mid-Cap Index Fund - Admi Voya Retirement Insurance and Annuity Company Separate Account D DFE: Pooled Separate Account $16,516
Vanguard Lifestrategy Growth Fund Voya Retirement Insurance and Annuity Company Separate Account D DFE: Pooled Separate Account $7,934
Vanguard Total Stock Market Index Voya Retirement Insurance and Annuity Company Separate Account D DFE: Pooled Separate Account $4,071
Oak Ridge Small Cap Growth Fund Voya Retirement Insurance and Annuity Company Separate Account D DFE: Pooled Separate Account $624
Total $5,332,118

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Voya Retirement Insurance and Annuity Company 143
EIN 71-0294708
Industry Code 86509
Contract Number 811957
Contract Year 01/01/2014 — 12/31/2014
Value in General Account at Year End $0
Value in Separate Accounts at Year End $5,332,118
Insurance Fees and Commissions $18,993
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Hicks Pension Services 555 Chorro St San Luis Obispo, CA 93405 Third Party Administrator $18,268 $725 WITHDRAWAL AND LOAN FEES. PLAN TAKEOVER BONUS COMMISION.
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 VARIABLE ANNUITY
Balance at the end of the previous year $0
Additions $0
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $0
Transferred from separate account $0
Other $0
Total of Balance and Additions $0
Deductions $0
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $0
John Hancock Life Insurance Company (U.S.A.) 0
EIN 01-0233346
Industry Code 65838
Contract Number 63980
Contract Year 01/01/2014 — 12/31/2014
Value in General Account at Year End $0
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $10,991
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Christopher Weil & Co., Inc 12555 High Bluff San Diego, CA 92130 Agent or Broker other than Insurance $3,965 $5,294 RIA SERVICES
Strategic Pension Services 18301 Von Karman Avenue Irvine, CA 92612 Third Party Administrator $1,432 $300 MARKETING ALLOWANCES, LOAN DOCUMENT FEES, WEBINARS, ROLLOVER REFERRALS
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 GUARENTEED INTEREST
Balance at the end of the previous year $20,714
Additions $16
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $16
Transferred from separate account $0
Other $0
Total of Balance and Additions $20,730
Deductions $20,730
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $0
Transferred to Separate Account $20,509
Other $221
Balance at the end of the current year $0