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FORM 5500 DATA

The World Group Savings and Investment Plan

Overview

Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan01/01/1981
  • Net Assets as of 12/31/2019 $42,779,801
  • 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 Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2019

  • Active (Eligible) Participants618
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits107
  • Subtotal725
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits3
  • Total728
  • Total number of participants as of 01/01/2019739
  • Number of participants with account balances715
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested130

Expenses

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

Sponsor Information

  • Address1340 Depot Street, Suite 200
  • CityCleveland
  • StateOH
  • Zip44116-1716
  • Telephone(440) 356-7676
  • EIN34-0895033
  • Industry Code488490
  • Named AdministratorJohn Hunger

Audit Information

  • Audit StatusAudited
  • AuditorBarnes Wendling CPAS, Inc.
  • Auditor EIN34-1463411
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
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.
2R Brokerage Window Participant-directed brokerage accounts provided as an investment option under the plan.
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 $2,000,000
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 $12,802,438
Contributions $4,892,772
Cash Contributions $4,892,772
Cash from Employers $1,742,470
Cash from Participants $2,981,151
Others (including rollovers) $169,151
Noncash Contributions $0
Total Earnings on Investments $7,522,853
Total Interest $70,801
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $70,801
Interest from Other Investments $0
Total Dividends $840,183
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 $2,432,723
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 $4,179,146
Other Income $386,813
Expenses $5,509,711
Total Benefit Payments $5,477,231
Directly to participants or beneficiaries, including direct rollovers $5,477,231
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 $32,480
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $21,954
Other Administrative Fees $10,526
Net Income $7,292,727
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 $42,779,801 $35,487,074 20.55%
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 $1,238,358 $1,070,049 15.73%
Value of interest in common/collective trusts $16,569,944 $13,064,749 26.83%
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 $22,592,751 $19,347,893 16.77%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $2,378,748 $2,004,383 18.68%
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 $42,779,801 $35,487,074 20.55%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Charles Schwab & Co. Inc. and Affil

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
Cookson Peirce & Co Inc Investment advisory (participants), Direct payment from the plan NONE $13,465 $0 $13,465
Schwab Retirement Plan Services,Inc Recordkeeping and information management (computing, tabulating, data processing, etc.), Direct payment from the plan, Recordkeeping fees NONE $10,576 $0 $10,576
Highland Consulting Associates Investment management, Direct payment from the plan NONE $8,489 $0 $8,489
Charles Schwab & Co., Inc. Securities brokerage, Direct payment from the plan, Shareholder servicing fees, Float revenue, Securities brokerage commissions and fees, Other investment fees and expenses NONE $1,273 $0 $1,273
Charles Schwab Trust Bank Trustee (directed), Investment management fees paid indirectly by plan, Shareholder servicing fees, Float revenue NONE $0 $0 $0
Total $33,803 $0 $33,803

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Charles Schwab & Co Inc and Affilia See Attachment Shareholder servicing fees See Attachment $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

Name of Investment Investment Manager Type of Investment Dollar Value
Schwab Managed Ret Tr Fund 2040 Charles Schwab Trust Bank DFE: Common/Collective Trust $3,353,798
Schwab Managed Ret Tr Fund 2030 Charles Schwab Trust Bank DFE: Common/Collective Trust $2,882,210
Schwab Managed Ret Tr Fund2050 Charles Schwab Trust Bank DFE: Common/Collective Trust $1,950,772
Schwab Managed Ret Tr Fund 2020 Charles Schwab Bank DFE: Common/Collective Trust $1,818,927
Wilmgttr Cit II Galliard Ret Inc Fd Wilmington Trust, N.A. DFE: Common/Collective Trust $1,777,444
Schwab Managed Ret Tr Fund 2045 Charles Schwab Trust Bank DFE: Common/Collective Trust $1,294,165
Schwab Managed Ret Tr Fund 2055 Charles Schwab Trust Bank DFE: Common/Collective Trust $1,209,103
Schwab Managed Ret Tr Fund 2035 Charles Schwab Trust Bank DFE: Common/Collective Trust $916,796
Schwab Managed Ret Tr Fund 2060 Charles Schwab Trust Bank DFE: Common/Collective Trust $676,024
Schwab Managed Ret Tr Fund 2010 Charles Schwab Trust Bank DFE: Common/Collective Trust $410,412
Schwab Managed Ret Tr Fund 2025 Charles Schwab Trust Bank DFE: Common/Collective Trust $262,757
Schwab Managed Ret Tr Fund - Income Charles Schwab Trust Bank DFE: Common/Collective Trust $17,536
Total $16,569,944

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.