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Overview

Plan Information

  • Plan Year01/01/2016 — 12/31/2016
  • Date of Plan06/01/1992
  • Net Assets as of 12/31/2016 $5,720,895
  • 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 Arrangement Trust

Participant Information as of 12/31/2016

  • Active (Eligible) Participants184
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits50
  • Subtotal234
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total234
  • Total number of participants as of 01/01/2016234
  • Number of participants with account balances131
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested6

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
  • Named AdministratorGary Kaminsky

Audit Information

  • Audit StatusAudited
  • AuditorDixon Hughes Goodman LLP
  • Auditor EIN56-0747981
  • 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 $400,000
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 $690,078
Contributions $359,482
Cash Contributions $359,482
Cash from Employers $31,290
Cash from Participants $327,847
Others (including rollovers) $345
Noncash Contributions $0
Total Earnings on Investments $330,596
Total Interest $4,097
Interest-Bearing Cash $20
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $4,077
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 $326,499
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 $220,055
Total Benefit Payments $215,830
Directly to participants or beneficiaries, including direct rollovers $215,830
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 $4,225
Professional Fees $4,225
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $470,023
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2016 12/31/2015 Change YOY
Total Assets $5,720,895 $5,250,872 8.95%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $2,169 $0 0.0%
Employer Contributions $2,169 $0 0.0%
Participant Contributions $0 $0 0.0%
Other Contributions $0 $0 0.0%
General Investments $27,603 $20,766 32.92%
Interest-bearing cash $27,603 $20,766 32.92%
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 $68,821 $80,440 -14.44%
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 $5,070,782 $5,090,561 -0.39%
Value of funds held in insurance co. general account $551,520 $59,105 833.12%
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 $5,720,895 $5,250,872 8.95%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Hicks Pension Services
  • Voya Retirement Insurance and Annui

Other Service Providers Receiving Direct or Indirect Compensation

There are no service providers listed for this plan.

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 2015 Fu Voya Retirement Insurance and Annuity Company Separate Account D DFE: Pooled Separate Account $874,301
Vanguard Target Retirement 2035 Fu Voya Retirement Insurance and Annuity Company Separate Account D DFE: Pooled Separate Account $605,497
Vanguard Target Retirement 2030 Fu Voya Retirement Insurance and Annuity Company Separate Account D DFE: Pooled Separate Account $571,179
Vanguard Target Retirement 2010 Fu Voya Retirement Insurance and Annuity Company Separate Account D DFE: Pooled Separate Account $509,859
Vanguard Target Retirement Income Voya Retirement Insurance and Annuity Company Separate Account D DFE: Pooled Separate Account $497,537
Vanguard Target Retirement 2025 Fu Voya Retirement Insurance and Annuity Company Separate Account D DFE: Pooled Separate Account $456,297
Vanguard Target Retirement 2040 Fu Voya Retirement Insurance and Annuity Company Separate Account D DFE: Pooled Separate Account $375,088
Vanguard Target Retirement 2020 Voya Retirement Insurance and Annuity Company Separate Account D DFE: Pooled Separate Account $365,963
Vanguard Target Retirement 2050 Fu Voya Retirement Insurance and Annuity Company Separate Account D DFE: Pooled Separate Account $268,022
Vanguard Target Retirement 2045 Fu Voya Retirement Insurance and Annuity Company Separate Account D DFE: Pooled Separate Account $139,475
American Funds The Growth Fund of A Voya Retirement Insurance and Annuity Company Separate Account D DFE: Pooled Separate Account $126,430
American Funds Europacific Growth F Voya Retirement Insurance and Annuity Company Separate Account D DFE: Pooled Separate Account $81,274
Oppenheimer Main Street Fund Voya Retirement Insurance and Annuity Company Separate Account D DFE: Pooled Separate Account $60,437
American Century Investments Mid C Voya Retirement Insurance and Annuity Company Separate Account D DFE: Pooled Separate Account $39,918
Vanguard Target Retirement 2055 Fu Voya Retirement Insurance and Annuity Company Separate Account D DFE: Pooled Separate Account $29,402
Voya Money Market Fund Voya Retirement Insurance and Annuity Company Separate Account D DFE: Pooled Separate Account $27,848
Oak Ridge Small Cap Growth Fund Voya Retirement Insurance and Annuity Company Separate Account D DFE: Pooled Separate Account $25,251
Vanguard Tot St Mkt Indx Fd Adm Voya Retirement Insurance and Annuity Company Separate Account D DFE: Pooled Separate Account $12,364
Vanguard Mid-Cap Index Fund - Admi Voya Retirement Insurance and Annuity Company Separate Account D DFE: Pooled Separate Account $11,704
American Funds The Income Fund of A Voya Retirement Insurance and Annuity Company Separate Account D DFE: Pooled Separate Account $7,461
Vanguard Lifestrategy Growth Fund Voya Retirement Insurance and Annuity Company Separate Account D DFE: Pooled Separate Account $5,515
Vangaurd Lifestrategy Conservative Voya Retirement Insurance and Annuity Company Separate Account D DFE: Pooled Separate Account $3,210
Vanguard Target Retirement 2060 Fu Voya Retirement Insurance and Annuity Company Separate Account D DFE: Pooled Separate Account $1,730
U.S. Targeted Value Portfolio - Voya Retirement Insurance and Annuity Company Separate Account D DFE: Pooled Separate Account $1,729
Vanguard Small-Cap Index Fund Voya Retirement Insurance and Annuity Company Separate Account D DFE: Pooled Separate Account $726
American Funds Washington Mutual Voya Retirement Insurance and Annuity Company Separate Account D DFE: Pooled Separate Account $323
Voya Intermediate Bond Fund Voya Retirement Insurance and Annuity Company Separate Account D DFE: Pooled Separate Account $90
Vanguard Total Stock Market Index Voya Retirement Insurance and Annuity Company Separate Account D DFE: Pooled Separate Account $0
Janus Flexible Bond Fund Voya Retirement Insurance and Annuity Company Separate Account D DFE: Pooled Separate Account $0
Vanguard Target Retirement 2010 Fu Voya Retirement Insurance and Annuity Company Separate Account D DFE: Pooled Separate Account $0
Total $5,098,630

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Voya Retirement Insurance and Annuity Company 0
EIN 71-0294708
Industry Code 86509
Contract Number 811957
Contract Year 01/01/2016 — 12/31/2016
Value in General Account at Year End $551,520
Value in Separate Accounts at Year End $5,098,631
Insurance Fees and Commissions $2,650
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 $0 $2,650 TPA ADMINISTRATION
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 $59,105
Additions $540,763
Contributions Deposited during the year $28,813
Dividends and credits $0
Interest credited during the year $3,885
Transferred from separate account $506,384
Other $1,681
Total of Balance and Additions $599,868
Deductions $48,348
Disbursed from fund to pay benefits or purchase annuities during the year $46,542
Administration charge made by carrier $125
Transferred to Separate Account $0
Other $1,681
Balance at the end of the current year $551,520