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FORM 5500 DATA

MacAllister Profit Sharing & Savings Plan

Overview

Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan12/30/1967
  • Net Assets as of 12/31/2019 $260,628,070
  • 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 12/31/2019

  • Active (Eligible) Participants1,841
  • Retired or separated participants receiving benefits20
  • Other retired or separated participants entitled to future benefits209
  • Subtotal2,070
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits4
  • Total2,074
  • Total number of participants as of 01/01/20192,002
  • Number of participants with account balances2,004
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested72

Expenses

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

Sponsor Information

  • Address6300 Southeastern Ave
  • CityIndianapolis
  • StateIN
  • Zip46203
  • Telephone(248) 349-4800
  • EIN35-0791060
  • Industry Code423800
  • Named AdministratorKari Caldwell
  • Named Plan SponsorKari Caldwell

Audit Information

  • Audit StatusAudited
  • AuditorBKD
  • Auditor EIN44-0160260
  • 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.
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? Yes $32,500
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 $1,000,000
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 $64,662,595
Contributions $20,355,969
Cash Contributions $20,355,969
Cash from Employers $6,690,362
Cash from Participants $12,266,029
Others (including rollovers) $1,399,578
Noncash Contributions $0
Total Earnings on Investments $43,081,985
Total Interest $1,456,229
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $138,791
Interest from Other Investments $1,317,438
Total Dividends $7,183,387
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 $34,442,369
Other Income $1,224,641
Expenses $12,892,624
Total Benefit Payments $12,741,550
Directly to participants or beneficiaries, including direct rollovers $12,741,550
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $276
Certain deemed distributions of participant loans $1,869
Interest expense $0
Total Administrative Expenses $148,929
Professional Fees $0
Contract Administrator Fees $148,714
Investment Advisory and management fees $0
Other Administrative Fees $215
Net Income $51,769,971
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $52,698

Asset and Liability Statement

12/31/2019 12/31/2018 Change YOY
Total Assets $260,628,070 $208,816,523 24.81%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $2,563,954 $2,028,059 26.42%
Employer Contributions $2,563,954 $2,028,059 26.42%
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 $2,680,600 $2,441,781 9.78%
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 $207,996,702 $160,580,332 29.53%
Value of funds held in insurance co. general account $42,706,509 $40,512,517 5.42%
Other Investments $4,680,305 $3,253,834 43.84%
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 $260,628,070 $208,816,523 24.81%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Charles Schwab Investment Managemen

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. Other services, Investment management fees paid indirectly by plan, Sub-transfer agency fees, Float revenue, Recordkeeping fees, Securities brokerage commissions and fees, Other investment fees and expenses Contract Administrator $148,929 $19 $148,948
Causeway Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Charles Schwab & Co., Inc. Shareholder servicing fees, Float revenue Investment Service Provid $0 $0 $0
Dodge & Cox 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
Invesco Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Jp Morgan Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Northern Funds 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
Wells Fargo Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Total $148,929 $19 $148,948

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Massachusetts Mutual Life Ins. Co. Fidelity Growth Company Fund Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Fidelity Otc Portfolio Fund Sub-transfer agency fees 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. Northern Small Cap Value Fund Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Millennium Trust Company, LLC Other services Referral Fee $0
Massachusetts Mutual Life Ins. Co. Charles Schwab & Co, Inc. Securities brokerage commissions and fees Plan Related Expenses $19
Massachusetts Mutual Life Ins. Co. Dodge & Cox Stock Fund Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Causeway International Value Fund Sub-transfer agency fees Basis Points * Plan Assets $0
Causeway Causeway International Value Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Charles Schwab & Co., Inc. Schwab Funds Shareholder servicing fees Basis Points * Plan Assets $0
Dodge & Cox Dodge & Cox Stock Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Fidelity Investments Fidelity Growth Company Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Fidelity Investments Fidelity Government Money Market Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Fidelity Investments Fidelity Otc Portfolio Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Invesco Invesco Oppenheimer Intl Growth Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Jp Morgan Jp Morgan Core Plus Bond Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Northern Funds Northern Small Cap Value Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Vanguard Vanguard Institutional Index 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 Total Intl Stock Index Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Vanguard Vanguard Extended Market 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 Incm Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Wells Fargo Wells Fargo Small Company Growth 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 2,074
EIN 04-1590850
Industry Code 65935
Contract Number MR 62060
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 $40,512,517
Additions $4,471,465
Contributions Deposited during the year $1,068,009
Dividends and credits $0
Interest credited during the year $1,317,438
Transferred from separate account $1,819,508
Other $266,510
Total of Balance and Additions $44,983,982
Deductions $2,277,473
Disbursed from fund to pay benefits or purchase annuities during the year $2,209,989
Administration charge made by carrier $10,713
Transferred to Separate Account $0
Other $56,771
Balance at the end of the current year $42,706,509