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FORM 5500 DATA

Schnipke Engraving 401k Profit Sharing Plan and Trust

Overview

Plan Information

  • Plan Year01/01/2012 — 12/31/2012
  • Date of Plan12/31/1980
  • Net Assets as of 12/31/2012 $20,236,532
  • 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? No
  • Plan Funding ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2012

  • Active (Eligible) Participants202
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits13
  • Subtotal215
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total215
  • Total number of participants as of 01/01/2012247
  • Number of participants with account balances209
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested3

Expenses

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

Sponsor Information

  • Address14223 Rd 24
  • CityOttoville
  • StateOH
  • Zip45876-0278
  • Telephone(419) 453-3376
  • EIN34-1005519
  • Industry Code326100
  • Named AdministratorJoseph Erhart
  • Named Plan SponsorJoseph Erhart

Audit Information

  • Audit StatusAudited
  • AuditorShultz Huber & Associates, Inc.
  • Auditor EIN34-1769212
  • 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 $5,000,000
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 $3,085,234
Contributions $863,073
Cash Contributions $863,073
Cash from Employers $251,620
Cash from Participants $611,453
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $2,227,507
Total Interest $119,491
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $47,995
Interest from Other Investments $71,496
Total Dividends $277,466
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 $1,830,550
Other Income $-5,346
Expenses $1,466,552
Total Benefit Payments $1,461,436
Directly to participants or beneficiaries, including direct rollovers $1,461,436
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 $5,116
Professional Fees $0
Contract Administrator Fees $5,116
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $1,618,682
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2012 12/31/2011 Change YOY
Total Assets $20,236,532 $18,617,850 8.69%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $0 $258,900 -100.00%
Employer Contributions $0 $258,900 -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 $781,939 $737,560 6.02%
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 $16,372,586 $13,984,120 17.08%
Value of funds held in insurance co. general account $3,082,007 $3,637,270 -15.27%
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 $20,236,532 $18,617,850 8.69%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Principal Life Insurance Company

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
Principal Life Insurance Company Contract Administrator, Participant loan processing, Direct payment from the plan, Recordkeeping fees Contract Administrator $5,115 $0 $5,115
Total $5,115 $0 $5,115

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

No investments information available for this plan.

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Principal Life Insurance Company 215
EIN 42-0127290
Industry Code 61271
Contract Number 441462
Contract Year 01/01/2012 — 12/31/2012
Value in General Account at Year End $0
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $34,611
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
The Huntington Investment Co 41 S High St Fl 7 Columbus, OH 43215 -6116 Insurance Agent or Broker $28,022 $4,887 REFERRAL/SERVICE FEE
Huntington Ins Inc 221 South Church St Bowling Grn, OH 43402 Insurance Agent or Broker $1,702 $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 CUSTODIAL GUARANTEED FUND CONTRACT
Balance at the end of the previous year $3,637,270
Additions $1,159,796
Contributions Deposited during the year $163,006
Dividends and credits $0
Interest credited during the year $71,496
Transferred from separate account $0
Other $925,294
Total of Balance and Additions $4,797,066
Deductions $1,715,059
Disbursed from fund to pay benefits or purchase annuities during the year $505,065
Administration charge made by carrier $435
Transferred to Separate Account $0
Other $1,209,559
Balance at the end of the current year $3,082,007