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FORM 5500 DATA

A.J. Kirkwood & Associates, Inc. 401k Profit Sharing Plan

Overview

Plan Information

  • Plan Year01/01/2008 — 12/31/2008
  • Date of Plan01/01/1997
  • Net Assets as of 12/31/2008 $1,751,332
  • 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) Participants262
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits143
  • Subtotal405
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total405
  • Total number of participants as of 01/01/2008476
  • 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
  • Number of participants required to be reported on Schedule SSA35

Expenses

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

Sponsor Information

  • Address2752 Walnut Avenue
  • CityTustin
  • StateCA
  • Zip92780-7025
  • Telephone(714) 505-1977
  • EIN33-0707710
  • Industry Code238210
  • Named AdministratorSamuel S. Sandoval
  • Named Plan SponsorSamuel S. Sandoval

Plan Administrator Information

  • Administrator NameSAME
  • Administrator EIN

Plan Preparer Information

  • Preparer NameActuaries Unlimited, Inc. 16030 Ventura Blvd., 320
  • Telephone(818) 325-8800
  • Preparer EIN95-3654973

Audit Information

  • Audit StatusAudited
  • AuditorFrank C. Huang, CPA
  • Auditor EIN20-2991834
  • 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.
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.

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 $175,000
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 $-176,204
Contributions $395,858
Cash Contributions $395,858
Cash from Employers $170,941
Cash from Participants $150,180
Others (including rollovers) $74,737
Noncash Contributions $0
Total Earnings on Investments $-572,062
Total Interest $9,229
Interest-Bearing Cash $421
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $8,808
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 $-581,291
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 $368,935
Total Benefit Payments $346,933
Directly to participants or beneficiaries, including direct rollovers $346,933
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 $22,002
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $22,002
Other Administrative Fees $0
Net Income $-545,139
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 $1,751,332 $2,296,471 -23.74%
Total noninterest-bearing cash $8,216 $4,647 76.80%
Receivables $0 $16,063 -100.00%
Employer Contributions $0 $16,063 -100.00%
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 $135,885 $123,560 9.97%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $1,607,231 $2,152,201 -25.32%
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 $0 $0 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 $1,751,332 $2,296,471 -23.74%

Service Providers

Service Providers

There are no service providers listed for this plan.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Jh Lifestyle Balanced John Hancock DFE: Pooled Separate Account $643,146
Money Market Fund John Hancock DFE: Pooled Separate Account $295,674
Investment Qual Bond Fund John Hancock DFE: Pooled Separate Account $118,886
Jh Lifestyle Growth John Hancock DFE: Pooled Separate Account $78,463
Jh Lifestyle Aggressive John Hancock DFE: Pooled Separate Account $75,774
Columbia Value & Restructuring John Hancock DFE: Pooled Separate Account $63,125
Mid Cap Stock Fund John Hancock DFE: Pooled Separate Account $49,313
Jh Lifestyle Conservative John Hancock DFE: Pooled Separate Account $38,587
Jh Lifestyle Moderate John Hancock DFE: Pooled Separate Account $36,558
Jh T. Rowe Price Sci & Tech John Hancock DFE: Pooled Separate Account $31,306
Jh Oppenheimer Developing Mkt John Hancock DFE: Pooled Separate Account $28,696
Jh Short-Term Federal John Hancock DFE: Pooled Separate Account $27,185
Jh T. Rowe Price Equity Inc. John Hancock DFE: Pooled Separate Account $21,277
500 Index Fund John Hancock DFE: Pooled Separate Account $15,662
Jh T. Rowe Price Blue Chip John Hancock DFE: Pooled Separate Account $15,021
Jh Lm Partners Glb High Yield John Hancock DFE: Pooled Separate Account $14,409
Jh Mutual Discovery John Hancock DFE: Pooled Separate Account $6,841
Jh American Funds Europacific John Hancock DFE: Pooled Separate Account $2,715
Int' Small Cap Fund John Hancock DFE: Pooled Separate Account $1,638
Mid Cap Stock Fund John Hancock DFE: Pooled Separate Account $1,130
Mid Cap Index Fund John Hancock DFE: Pooled Separate Account $687
Jh Explorer John Hancock DFE: Pooled Separate Account $391
Small Cap Value Index John Hancock DFE: Pooled Separate Account $104
Total $1,566,588

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock 277
EIN 01-0233346
Industry Code 65838
Contract Number 63820
Contract Year 01/01/2008 — 12/31/2008
Value in General Account at Year End $0
Value in Separate Accounts at Year End $1,743,117
Insurance Fees and Commissions $10,686
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Morgan Stanley Ins Serv, Inc. Insurance Agent or Broker $10,498 $0
Morgan Stanley & Co., Incorp 2000 Westchester Drive Insurance Agent or Broker $188 $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 Unspecified
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