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FORM 5500 DATA

Dearing Compressor & Pump Company 401k Savings & Retirement Plan

Overview

Plan Information

  • Plan Year01/01/2017 — 12/31/2017
  • Date of Plan10/01/1991
  • Net Assets as of 12/31/2017 $15,925,598
  • 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? No
  • Plan Funding ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2017

  • Active (Eligible) Participants159
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits37
  • Subtotal196
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total196
  • Total number of participants as of 01/01/2017217
  • Number of participants with account balances196
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested1

Expenses

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

Sponsor Information

  • AddressP.O. Box 6044, 3974 Simon Road
  • CityYoungstown
  • StateOH
  • Zip44512
  • Telephone(330) 599-5751
  • EIN34-0665113
  • Industry Code423800

Audit Information

  • Audit StatusAudited
  • AuditorArnett Carbis Toothman LLP
  • Auditor EIN55-0486667
  • 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 $700,000
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 $4,022,712
Contributions $1,796,656
Cash Contributions $1,796,656
Cash from Employers $915,925
Cash from Participants $854,604
Others (including rollovers) $26,127
Noncash Contributions $0
Total Earnings on Investments $2,214,633
Total Interest $15,604
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $15,598
Interest from Other Investments $6
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 $2,199,029
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 $11,423
Expenses $1,085,062
Total Benefit Payments $1,064,912
Directly to participants or beneficiaries, including direct rollovers $1,064,912
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 $20,150
Professional Fees $0
Contract Administrator Fees $1,864
Investment Advisory and management fees $0
Other Administrative Fees $18,286
Net Income $2,937,650
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 $15,925,598 $12,987,948 22.62%
Total noninterest-bearing cash $9,533 $17,048 -44.08%
Receivables $511,149 $411,605 24.18%
Employer Contributions $504,192 $404,362 24.69%
Participant Contributions $6,957 $7,243 -3.95%
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 $389,761 $338,350 15.19%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $15,015,155 $12,220,945 22.86%
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 $15,925,598 $12,987,948 22.62%

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
Wells Fargo Advisors, LLC Investment advisory (participants) N/A $12,068 $0 $12,068
Arnett Carbis Toothman LLP Accounting (including auditing) N/A $0 $11,300 $11,300
Raymond James Financial Investment advisory (participants) N/A $5,012 $0 $5,012
Walker Benefits, LLC Consulting fees N/A $4,738 $0 $4,738
John Hancock Life Insurance Company Recordkeeping and information management (computing, tabulating, data processing, etc.), Sub-transfer agency fees, Soft dollars commissions, Investment management, Float revenue, Shareholder servicing fees, Distribution (12b-1) fees N/A $1,864 $0 $1,864
Total $23,682 $11,300 $34,982

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
American Funds 2025 Td John Hancock USA DFE: Pooled Separate Account $3,214,794
American Balanced Fund John Hancock USA DFE: Pooled Separate Account $1,819,863
American Funds 2035 Td John Hancock USA DFE: Pooled Separate Account $1,475,390
American Funds 2030 Td John Hancock USA DFE: Pooled Separate Account $1,360,843
Jh Multimanager Growth Ls John Hancock USA DFE: Pooled Separate Account $967,483
American Funds 2045 Td John Hancock USA DFE: Pooled Separate Account $893,918
Jh Multimanager Aggressive Ls John Hancock USA DFE: Pooled Separate Account $844,871
American Funds 2040 Td John Hancock USA DFE: Pooled Separate Account $840,240
American Funds 2050 Td John Hancock USA DFE: Pooled Separate Account $712,105
Blue Chip Growth Fund John Hancock USA DFE: Pooled Separate Account $407,078
American Funds 2020 Td John Hancock USA DFE: Pooled Separate Account $392,138
American Funds 2055 Td John Hancock USA DFE: Pooled Separate Account $338,001
Oppenheimer Global John Hancock USA DFE: Pooled Separate Account $305,351
Europacific Growth Fund John Hancock USA DFE: Pooled Separate Account $283,532
Jpmorgan Midcap Value Fund John Hancock USA DFE: Pooled Separate Account $256,403
Hartford Midcap Fund John Hancock USA DFE: Pooled Separate Account $213,977
Jh Multimanager Conserv Ls John Hancock USA DFE: Pooled Separate Account $182,653
American Funds 2015 Td John Hancock USA DFE: Pooled Separate Account $97,099
Undiscovered Mgr Behavioral John Hancock USA DFE: Pooled Separate Account $88,687
Jh Multimanager Moderate Ls John Hancock USA DFE: Pooled Separate Account $76,842
John Hancock Stable Val John Hancock USA DFE: Pooled Separate Account $75,617
500 Index Fund John Hancock USA DFE: Pooled Separate Account $67,860
Mid Cap Index Fund John Hancock USA DFE: Pooled Separate Account $36,770
John Hancock Disciplined Value John Hancock USA DFE: Pooled Separate Account $25,367
Fidelity Advisor Total Bond John Hancock USA DFE: Pooled Separate Account $19,610
Tiaa-Cref Small-Cap Blend Idx John Hancock USA DFE: Pooled Separate Account $9,931
Invesco Small Cap Growth John Hancock USA DFE: Pooled Separate Account $8,732
Capital Appreciation Fund John Hancock USA DFE: Pooled Separate Account $0
T. Rowe Price Sci & Tech John Hancock USA DFE: Pooled Separate Account $0
Vanguard Small Cap Value Index John Hancock USA DFE: Pooled Separate Account $0
Dfa Inflation-Protected Sec John Hancock USA DFE: Pooled Separate Account $0
Strategic Income Opp Fund John Hancock USA DFE: Pooled Separate Account $0
Federated High Yield Bond John Hancock USA DFE: Pooled Separate Account $0
The Growth Fund of America John Hancock USA DFE: Pooled Separate Account $0
T. Rowe Price Health Sci John Hancock USA DFE: Pooled Separate Account $0
Vanguard Energy Fund John Hancock USA DFE: Pooled Separate Account $0
Jpmorgan U.S. Equity Fund John Hancock USA DFE: Pooled Separate Account $0
Vanguard Explorer Fund John Hancock USA DFE: Pooled Separate Account $0
Royce Opportunity John Hancock USA DFE: Pooled Separate Account $0
Real Est. Securities Fund John Hancock USA DFE: Pooled Separate Account $0
New Opportunities Fund John Hancock USA DFE: Pooled Separate Account $0
Jh Multimanager 2015 Lifetime John Hancock USA DFE: Pooled Separate Account $0
Jh Multimanager 2020 Lifetime John Hancock USA DFE: Pooled Separate Account $0
Jh Multimanager 2025 Lifetime John Hancock USA DFE: Pooled Separate Account $0
Jh Multimanager 2030 Lifetime John Hancock USA DFE: Pooled Separate Account $0
Jh Multimanager 2035 Lifetime John Hancock USA DFE: Pooled Separate Account $0
Jh Multimanager 2040 Lifetime John Hancock USA DFE: Pooled Separate Account $0
Jh Multimanager 2045 Lifetime John Hancock USA DFE: Pooled Separate Account $0
Jh Multimanager 2050 Lifetime John Hancock USA DFE: Pooled Separate Account $0
Jh Multi-Index 2055 Preserv John Hancock USA DFE: Pooled Separate Account $0
Jh Multi-Index 2050 Preserv John Hancock USA DFE: Pooled Separate Account $0
Jh Multi-Index 2045 Preserv John Hancock USA DFE: Pooled Separate Account $0
Mid Cap Stock Fund John Hancock USA DFE: Pooled Separate Account $0
Financial Industries Fund John Hancock USA DFE: Pooled Separate Account $0
Dfa International Value John Hancock USA DFE: Pooled Separate Account $0
Jh Multimanager Balanced Ls John Hancock USA DFE: Pooled Separate Account $0
Jh Multi-Index 2025 Preserv John Hancock USA DFE: Pooled Separate Account $0
Jh Multi-Index 2030 Preserv John Hancock USA DFE: Pooled Separate Account $0
Jh Multi-Index 2035 Preserv John Hancock USA DFE: Pooled Separate Account $0
Jh Multi-Index 2040 Preserv John Hancock USA DFE: Pooled Separate Account $0
Jh Multimanager 2055 Lifetime John Hancock USA DFE: Pooled Separate Account $0
Total $15,015,155

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock Life Insurance Company (USA) 208
EIN 01-0233346
Industry Code 65838
Contract Number 13523
Contract Year 01/01/2017 — 12/31/2017
Value in General Account at Year End $0
Value in Separate Accounts at Year End $15,015,155
Insurance Fees and Commissions $39,187
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Valmark Securities, Inc. Insurance Agent or Broker $32,224 $0
Walker Benefits, LLC Third Party Administrator $0 $6,963 TPA 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