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FORM 5500 DATA

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

Overview

Plan Information

  • Plan Year01/01/2016 — 12/31/2016
  • Date of Plan01/01/1997
  • Net Assets as of 12/31/2016 $11,443,702
  • 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 12/31/2016

  • Active (Eligible) Participants424
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits139
  • Subtotal563
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total563
  • Total number of participants as of 01/01/2016466
  • Number of participants with account balances345
  • 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

  • Address2752 Walnut Avenue
  • CityTustin
  • StateCA
  • Zip92780-7025
  • Telephone(714) 505-1977
  • EIN33-0707710
  • Industry Code238210

Audit Information

  • Audit StatusAudited
  • AuditorHuang & Huang, CPAS
  • Auditor EIN95-4496990
  • 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.
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 $2,859,023
Contributions $2,103,924
Cash Contributions $2,103,924
Cash from Employers $1,633,715
Cash from Participants $433,721
Others (including rollovers) $36,488
Noncash Contributions $0
Total Earnings on Investments $755,099
Total Interest $32,402
Interest-Bearing Cash $1,103
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $31,299
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 $722,697
Other Income $0
Expenses $801,072
Total Benefit Payments $757,343
Directly to participants or beneficiaries, including direct rollovers $757,343
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 $43,729
Professional Fees $0
Contract Administrator Fees $39,679
Investment Advisory and management fees $4,050
Other Administrative Fees $0
Net Income $2,057,951
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 $11,443,702 $9,386,251 21.92%
Total noninterest-bearing cash $70 $65 7.69%
Receivables $82 $0 0.0%
Employer Contributions $76 $0 0.0%
Participant Contributions $6 $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 $784,897 $719,861 9.03%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $10,658,653 $8,666,325 22.99%
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 $500 -100.00%
Benefit Claims Payable (1) $0 $500 -100.00%
Operating Payables (1) $0 $0 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $11,443,702 $9,385,751 21.93%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

There is no information on eligible indirect compensation for this plan.

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
Jh Ls Bal Active Strategy John Hancock USA DFE: Pooled Separate Account $3,986,595
Jh Ls Con Active Strategy John Hancock USA DFE: Pooled Separate Account $1,084,963
Jh Ls Grow Active Strategy John Hancock USA DFE: Pooled Separate Account $920,892
Jh Ls Mod Active Strategy John Hancock USA DFE: Pooled Separate Account $877,404
Jh Ls Agg Active Strategy John Hancock USA DFE: Pooled Separate Account $690,710
Mid Cap Index Fund John Hancock USA DFE: Pooled Separate Account $358,042
T. Rowe Price Sci & Tech John Hancock USA DFE: Pooled Separate Account $355,095
John Hancock Disciplined Value John Hancock USA DFE: Pooled Separate Account $351,995
Money Market Fund John Hancock USA DFE: Pooled Separate Account $333,073
500 Index Fund John Hancock USA DFE: Pooled Separate Account $222,172
Blue Chip Growth Fund John Hancock USA DFE: Pooled Separate Account $205,880
Investment Qual Bond Fund John Hancock USA DFE: Pooled Separate Account $192,473
Oppenheimer Developing Mkt John Hancock USA DFE: Pooled Separate Account $183,019
T. Rowe Price Equity Inc John Hancock USA DFE: Pooled Separate Account $161,736
Intl Small Cap Fund John Hancock USA DFE: Pooled Separate Account $55,809
Vanguard Explorer Fund John Hancock USA DFE: Pooled Separate Account $53,672
Vanguard Small Cap Value Index John Hancock USA DFE: Pooled Separate Account $45,403
High Yield Fund John Hancock USA DFE: Pooled Separate Account $40,505
Vanguard Short-Term Federal John Hancock USA DFE: Pooled Separate Account $40,121
Mutual Global Discovery John Hancock USA DFE: Pooled Separate Account $30,109
Value Fund John Hancock USA DFE: Pooled Separate Account $19,523
Europacific Growth Fund John Hancock USA DFE: Pooled Separate Account $18,508
New World Fund John Hancock USA DFE: Pooled Separate Account $18,040
Oppenheimer Intl Growth Fund John Hancock USA DFE: Pooled Separate Account $16,166
Mid Cap Stock Fund John Hancock USA DFE: Pooled Separate Account $13,919
Capital World Growth & Income John Hancock USA DFE: Pooled Separate Account $11,083
Small Cap Value Fund John Hancock USA DFE: Pooled Separate Account $6,547
Dfa U.S. Small Cap Fund John Hancock USA DFE: Pooled Separate Account $5
Total $10,293,459

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock Life Insurance Company 359
EIN 01-0233346
Industry Code 65838
Contract Number 63820
Contract Year 01/01/2016 — 12/31/2016
Value in General Account at Year End $0
Value in Separate Accounts at Year End $10,658,653
Insurance Fees and Commissions $48,328
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Merrill Lynch Life Agency 145 S State College Blvd. #300 BREA, CA 92821 Insurance Agent or Broker $39,571 $0
Actuaries Unlimited, Inc. 16030 Ventura Blvd., Suite 320 Encino, CA 91436 Third Party Administrator $0 $8,757 TPA FEES PAID & COMPENSATION
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