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Overview

Plan Information

  • Plan Year01/01/2017 — 12/31/2017
  • Date of Plan01/01/2000
  • Net Assets as of 12/31/2017 $12,727,705
  • Plan Number2
  • Plan Type Multiple 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 12/31/2017

  • Active (Eligible) Participants341
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits93
  • Subtotal434
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total434
  • Total number of participants as of 01/01/2017629
  • Number of participants with account balances276
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested0

Expenses

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

Sponsor Information

  • Address340 Rancheros Drive Ste 264
  • CitySan Marcos
  • StateCA
  • Zip92069
  • Telephone(800) 559-2350
  • EIN33-0688056
  • Industry Code541214
  • Named AdministratorJack Eaton

Audit Information

  • Audit StatusAudited
  • AuditorNienow Tierney LLP
  • Auditor EIN20-0533822
  • 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.
2S Automatic Enrollment Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
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 $2,828,294
Contributions $1,307,984
Cash Contributions $1,307,984
Cash from Employers $359,574
Cash from Participants $884,255
Others (including rollovers) $64,155
Noncash Contributions $0
Total Earnings on Investments $1,520,310
Total Interest $18,409
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $13,930
Interest from Other Investments $4,479
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 $1,501,901
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 $1,025,613
Total Benefit Payments $918,406
Directly to participants or beneficiaries, including direct rollovers $918,406
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $17,998
Interest expense $0
Total Administrative Expenses $89,209
Professional Fees $32,250
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $56,959
Net Income $1,802,681
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2017 12/31/2016 Change YOY
Total Assets $12,727,705 $9,643,290 31.99%
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 $0 0.0%
Interest-bearing cash $0 $0 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 $387,992 $318,087 21.98%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $11,633,923 $8,704,066 33.66%
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 $0 $0 0.0%
Value of funds held in insurance co. general account $705,790 $621,137 13.63%
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 $12,727,705 $9,643,290 31.99%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Transamerica Financial Life Ins. Co

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
Transamerica Financial Life Ins Co Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Investment management fees paid indirectly by plan, Float revenue, Recordkeeping fees, Other insurance wrap fees Recordkeeper $56,959 $0 $56,959
Nienow Tierney LLP Accounting (including auditing) Audit $32,250 $0 $32,250
Kestra Investment Services LLC Insurance agents and brokers, Insurance services, Insurance brokerage commissions and fees Broker $0 $2,221 $2,221
Total $89,209 $2,221 $91,430

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Kestra Investment Services LLC Transamerica Financial Life Insuran Insurance agents and brokers, Insurance services, Insurance brokerage commissions and fees Commissions $2,221
*As outlined by the Form 5500 Instructions for service providers with indirect compensation.

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
Manning & Napier Pro-Mix Conservati Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $2,047,657
Janus Enterprise Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $1,357,550
American Beacon Bridgeway Large Cap Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $1,111,821
American Funds New Perspective Ret Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $1,000,836
Manning & Napier Pro-Mix Extended T Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $860,517
Lord Abbett Total Return Ret Acct Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $531,923
Janus Balanced Ret Acct Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $507,897
Vanguard Small-Cap Value Index Ret Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $475,715
Manning & Napier Pro-Mix Moderate T Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $466,866
Transamerica Mid Cap Val Opportunit Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $419,752
Lord Abbett Developing Growth Ret A Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $365,469
Amer Funds Europacific Growth Ret A Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $360,891
Eaton Vance High Income Opportuniti Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $331,274
Vanguard Reit Index Ret Acct Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $261,841
Transamerica Partners Stock Index R Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $242,420
Manning & Napier Pro-Mix Maximum Te Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $241,022
First Eagle Overseas Ret Acct Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $172,448
American Funds Growth Fund of Ameri Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $167,655
Oppenheimer International Growth Re Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $124,436
Ssga S&P Mid Cap Index Ret Acct Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $116,006
Franklin Utilities Ret Acct Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $112,641
Jpmorgan Intrepid Mid Cap Ret Acct Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $103,101
Wells Fargo Advantage Precious Meta Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $71,666
Pimco Real Return Ret Acct Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $67,493
Oppenheimer International Bond Ret Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $61,961
Prudential Jenn Natural Resources R Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $52,798
Ssga U.S. Bond Index Ret Acct Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $267
Calvert Equity Portfolio Ret Acct Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $0
Jpmorgan Core Bond Ret Acct Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $0
Transamerica Partners Large Core Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $0
Total $11,633,923

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Transamerica Financial Life Insurance Company 276
EIN 36-6071399
Industry Code 70688
Contract Number 932300
Contract Year 01/01/2017 — 12/31/2017
Value in General Account at Year End $705,790
Value in Separate Accounts at Year End $11,633,923
Insurance Fees and Commissions $24,679
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Nfp Insurance Services Inc Nick D Della Vedova Austin, TX 78746 Insurance Agent or Broker $24,679 $0
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 STABLE VALUE OPTION
Balance at the end of the previous year $621,136
Additions $321,979
Contributions Deposited during the year $208,887
Dividends and credits $0
Interest credited during the year $4,479
Transferred from separate account $69,418
Other $39,195
Total of Balance and Additions $943,115
Deductions $237,326
Disbursed from fund to pay benefits or purchase annuities during the year $5,805
Administration charge made by carrier $6,001
Transferred to Separate Account $190,071
Other $35,449
Balance at the end of the current year $705,789