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FORM 5500 DATA

Schnipke Engraving 401k Profit Sharing Plan and Trust

Overview

Plan Information

  • Plan Year01/01/2018 — 12/31/2018
  • Date of Plan12/31/1980
  • Net Assets as of 12/31/2018 $27,707,993
  • 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 12/31/2018

  • Active (Eligible) Participants179
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits20
  • Subtotal199
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total199
  • Total number of participants as of 01/01/2018207
  • Number of participants with account balances188
  • 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

  • Address14223 Road 24
  • CityOttoville
  • StateOH
  • Zip45827
  • Telephone(419) 453-3376
  • EIN34-1005519
  • Industry Code326100
  • Named AdministratorPlan Sponsor

Audit Information

  • Audit StatusAudited
  • AuditorGilmore Jasion Mahler, Ltd
  • Auditor EIN34-1827159
  • 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 $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? Yes
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? Yes

Financials

Income and Expense Statement

Income $74,827
Contributions $1,104,366
Cash Contributions $1,104,366
Cash from Employers $306,804
Cash from Participants $773,322
Others (including rollovers) $24,240
Noncash Contributions $0
Total Earnings on Investments $-1,039,137
Total Interest $107,502
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $45,042
Interest from Other Investments $62,460
Total Dividends $458,040
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 $-292,817
Net investment gain (loss) from pooled separate accounts $-51,224
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 $-1,260,638
Other Income $9,598
Expenses $1,373,027
Total Benefit Payments $1,311,613
Directly to participants or beneficiaries, including direct rollovers $1,310,490
To insurance carriers for the provision of benefits $1,123
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $61,414
Professional Fees $0
Contract Administrator Fees $61,414
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $-1,298,200
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2018 12/31/2017 Change YOY
Total Assets $27,707,993 $29,006,193 -4.48%
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 $631,490 $617,838 2.21%
Value of interest in common/collective trusts $6,571,412 $0 0.0%
Value of interest in pooled separate accounts $1,572,760 $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 $17,198,166 $24,254,950 -29.09%
Value of funds held in insurance co. general account $1,734,165 $4,133,405 -58.05%
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 $27,707,993 $29,006,193 -4.48%

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
Principal Life Insurance Company Contract Administrator, Recordkeeping fees, Participant loan processing, Direct payment from the plan Contract Administrator $267,050 $0 $267,050
Tlg Advisors, Inc. Investment advisory (plan), Other fees Investment Advisory $0 $53,599 $53,599
The Leaders Group Inc Other services, Other commissions, Other fees Other Services $0 $14,665 $14,665
Great-West Life & Annuity Insurance Recordkeeping fees Recordkeeper $1,387 $0 $1,387
Leafhouse Financial Advisors, LLC Investment advisory (plan) Investment Advisor $1,324 $0 $1,324
Willshire Associates Incorporated Investment advisory (plan), Other investment fees and expenses Investment Advisory $0 $0 $0
Total $269,761 $68,264 $338,025

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
The Leaders Group Inc Principal Life Insurance Company Other services, Other commissions, Other fees Commissions and Referral/Service Fee $14,665
Tlg Advisors, Inc. Principal Life Insurance Company Investment advisory (plan), Other fees Investment Advisory (Plan) $53,599
Willshire Associates Incorporated Schnipke Engraving Company, Inc. Investment advisory (plan), Other investment fees and expenses 1 Basis Point Annually On Total Plan Assets In Wilshire's 3(21) Investment Fiduciary Service Per Client's Signed Agreement With Wilshire $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
Putnam Retirement Adv 3035 X Putnam Investments Cit DFE: Common/Collective Trust $2,832,801
Putnam Retirement Adv 2040 X Putnam Investments Cit DFE: Common/Collective Trust $2,029,919
Futurefunds Series Acct II of Gwl Great-West Life & Annuity Ins Co DFE: Pooled Separate Account $1,572,760
Putnam Retirement Adv 2050 X Putnam Investments Cit DFE: Common/Collective Trust $911,760
Putnam Retirement Adv 2045 X Putnam Investments Cit DFE: Common/Collective Trust $729,389
Putnam Retirement Adv 2030 X Putnam Investments Cit DFE: Common/Collective Trust $28,076
Putnam Retirement Adv 2020 X Putnam Investments Cit DFE: Common/Collective Trust $24,978
Putnam Retirement Adv 2060 X Putnam Investments Cit DFE: Common/Collective Trust $14,489
Total $8,144,172

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Great West Life and Annuity 118
EIN 84-0467907
Industry Code 68322
Contract Number 504895-01
Contract Year 01/01/2018 — 12/31/2018
Value in General Account at Year End $1,734,165
Value in Separate Accounts at Year End $1,572,760
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 $0
Additions $50,093,360
Contributions Deposited during the year $20,297,930
Dividends and credits $0
Interest credited during the year $31,908
Transferred from separate account $29,753,479
Other $10,043
Total of Balance and Additions $50,093,360
Deductions $48,359,195
Disbursed from fund to pay benefits or purchase annuities during the year $12,673
Administration charge made by carrier $-8,611
Transferred to Separate Account $48,355,133
Other $0
Balance at the end of the current year $1,734,165
Great-West Life & Annuity Insurance Company 79
EIN 84-0467907
Industry Code 68322
Contract Number 504895-01
Contract Year 01/01/2018 — 12/31/2018
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 Group Deferred Annuity
Basis of premium rates
Premiums paid to carrier $1,123
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
Principal Life Insurance Company 0
EIN 42-0127290
Industry Code 61271
Contract Number 441462
Contract Year 01/01/2018 — 10/18/2018
Value in General Account at Year End $0
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $2,680
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
The Leaders Group Inc 26 W Dry Creek Cr Ste 800 Littleton, CO 80120 -8038 Insurance Agent or Broker $2,680 $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 GUARANTTED FUND CONTRACT
Balance at the end of the previous year $4,133,405
Additions $1,262,595
Contributions Deposited during the year $74,088
Dividends and credits $0
Interest credited during the year $23,614
Transferred from separate account $0
Other $1,164,893
Total of Balance and Additions $5,396,000
Deductions $5,396,000
Disbursed from fund to pay benefits or purchase annuities during the year $307,130
Administration charge made by carrier $170,130
Transferred to Separate Account $0
Other $4,918,740
Balance at the end of the current year $0