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FORM 5500 DATA

Troy Group, Inc. Savings and Investment Plan

Overview

Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan01/01/1988
  • Net Assets as of 12/31/2019 $12,364,895
  • Plan Number2
  • 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 12/31/2019

  • Active (Eligible) Participants120
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits45
  • Subtotal165
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total165
  • Total number of participants as of 01/01/2019195
  • Number of participants with account balances165
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested4

Expenses

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

Sponsor Information

  • Address940 South Coast Drive Suite 260
  • CityCosta Mesa
  • StateCA
  • Zip92626
  • Telephone(714) 241-4770
  • EIN33-0807798
  • Industry Code339900
  • Named AdministratorAimee Orum
  • Named Plan SponsorSuzanne Anderson

Audit Information

  • Audit StatusAudited
  • AuditorGrossman Yanak & Ford LLP
  • Auditor EIN25-1638525
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
2A Age/Service Weighted or New Comparability or Similar Plan Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New Comparability or Similar Plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the threshold or additional rate allowed under the permitted disparity rules of section 401(l)
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.
3H Controlled Group Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

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? No
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? Yes
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 $2,653,602
Contributions $802,047
Cash Contributions $802,047
Cash from Employers $201,510
Cash from Participants $516,242
Others (including rollovers) $84,295
Noncash Contributions $0
Total Earnings on Investments $1,851,555
Total Interest $126,532
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $8,886
Interest from Other Investments $117,646
Total Dividends $319,605
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 $1,405,418
Other Income $0
Expenses $590,435
Total Benefit Payments $526,643
Directly to participants or beneficiaries, including direct rollovers $526,643
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $7,788
Interest expense $0
Total Administrative Expenses $56,004
Professional Fees $0
Contract Administrator Fees $3,737
Investment Advisory and management fees $52,267
Other Administrative Fees $0
Net Income $2,063,167
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2019 12/31/2018 Change YOY
Total Assets $12,364,895 $10,301,728 20.03%
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 $123,387 $147,812 -16.52%
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 $8,974,616 $7,264,725 23.54%
Value of funds held in insurance co. general account $3,266,892 $2,889,191 13.07%
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 $12,364,895 $10,301,728 20.03%

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

Name Nature of Service Relationship to Plan Sponsor Direct Compensation Paid by Plan Indirect Compensation Paid by Plan Total Compensation
Massachusetts Mutual Life Ins. Co. Investment management fees paid indirectly by plan, Sub-transfer agency fees, Float revenue, Recordkeeping fees, Soft dollars commissions, Other investment fees and expenses Contract Administrator $36,371 $0 $36,371
Sfg Retirement Plan Consulting Investment advisory (plan) Investment Advisor $19,633 $0 $19,633
Alger Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
American Century Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
American Funds Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
American Funds Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
American Funds Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Dimensional Fund Advisors Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Dimensional Fund Advisors Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Fidelity Investments Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Fidelity Investments Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Franklintempleton Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Invesco Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Legg Mason Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Legg Mason Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Lord Abbett Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Mfs Investment Management Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Pimco Funds Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
T. Rowe Price Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
T. Rowe Price Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Vanguard Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Vanguard Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Vanguard Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Victory Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Total $56,004 $0 $56,004

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Massachusetts Mutual Life Ins. Co. Sagic 63024 Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Prem U.S. Govt Mny Mkt Fd Barings Other investment fees and expenses, Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Select Trpls Blue Chip Growth Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. T. Rowe Price New Horizons Fund Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. T. Rowe Price Spctrum Modgwalctn Fd Sub-transfer agency fees Basis Points * Plan Assets $0
Alger Alger Small Cap Focus Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
American Century American Century Mid Cap Value Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
American Funds American Funds New Perspective Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
American Funds Amer Funds Europacific Growth Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
American Funds American Funds Balanced Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Dimensional Fund Advisors Dfa Emerging Markets Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Dimensional Fund Advisors Dfa Global Real Estate Secs Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Dimensional Fund Advisors Dfa Inflation-Protected Secs Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Dimensional Fund Advisors Dfa Real Estate Sec Prtfl Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Dimensional Fund Advisors Dfa Us Core Equity II Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Dimensional Fund Advisors Dfa Us Large Cap Value Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Dimensional Fund Advisors Dfa Us Small Cap Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Dimensional Fund Advisors Dfa Us Targeted Value Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Fidelity Investments Fidelity 500 Index Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Fidelity Investments Fidelity Mid Cap Index Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Franklintempleton Templeton Foreign Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Invesco Invesco Oppenheimer Main St Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Legg Mason Brandywineglobal Glbl Opps Bond Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Legg Mason Western Asset Core Plus Bond Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Lord Abbett Lord Abbett Floating Rate Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Lord Abbett Lord Abbett High Yield Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Mfs Investment Management Mfs International Intrinsic Val Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Mfs Investment Management Mfs New Discovery Value Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Pimco Funds Pimco Income Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
T. Rowe Price T. Rowe Price Spctrum Modgwalctn Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
T. Rowe Price T. Rowe Price New Horizons Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Vanguard Vanguard Developed Markets Index Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Vanguard Vanguard International Explorer Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Vanguard Vanguard Lifestrategy Income Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Vanguard Vanguard Total Bond Mrkt Index Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Vanguard Vanguard 500 Index Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Vanguard Vanguard Information Tech Indx Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Vanguard Vanguard Mid Cap Index Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Vanguard Vanguard Mid-Cap Growth Index Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Vanguard Vanguard Small Cap Index Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Vanguard Vanguard Utilities Index Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Vanguard Vanguard Target Retirement 2015 Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Vanguard Vanguard Target Retirement 2020 Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Vanguard Vanguard Target Retirement 2025 Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Vanguard Vanguard Target Retirement 2030 Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Vanguard Vanguard Target Retirement 2035 Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Vanguard Vanguard Target Retirement 2040 Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Vanguard Vanguard Target Retirement 2045 Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Vanguard Vanguard Target Retirement 2050 Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Vanguard Vanguard Target Retirement 2055 Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Vanguard Vanguard Target Retirement 2060 Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Vanguard Vanguard Target Retirement 2065 Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Vanguard Vanguard Target Retirement Incm Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Victory Victory Trivalent Intl Small-Cap Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
*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

No investments information available for this plan.

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Massachusetts Mutual Life Insurance Company 165
EIN 04-1590850
Industry Code 65935
Contract Number MR 63024
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $0
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $0
Persons Receiving Commissions and Fees There are no brokers listed for this plan.
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 GROUP ANNUITY CONTRACT
Balance at the end of the previous year $2,889,191
Additions $429,166
Contributions Deposited during the year $173,609
Dividends and credits $0
Interest credited during the year $117,646
Transferred from separate account $88,358
Other $49,553
Total of Balance and Additions $3,318,357
Deductions $51,465
Disbursed from fund to pay benefits or purchase annuities during the year $41,205
Administration charge made by carrier $10,212
Transferred to Separate Account $0
Other $48
Balance at the end of the current year $3,266,892