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FORM 5500 DATA

Wabash Valley Alliance, Inc. Retirement Plan

Overview

Plan Information

  • Plan Year01/01/2017 — 12/31/2017
  • Date of Plan07/01/1987
  • Net Assets as of 12/31/2017 $18,129,033
  • Plan Number3
  • 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 12/31/2017

  • Active (Eligible) Participants328
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits206
  • Subtotal534
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits4
  • Total538
  • Total number of participants as of 01/01/2017497
  • Number of participants with account balances524
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested59

Expenses

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

Sponsor Information

  • Address415 N. 26th Street Suite 201
  • CityLafayette
  • StateIN
  • Zip47904
  • Telephone(765) 446-6546
  • EIN35-0988724
  • Industry Code621420
  • Named AdministratorJan Shaw

Audit Information

  • Audit StatusAudited
  • AuditorKatz Sapper & Miller LLP
  • Auditor EIN35-1090346
  • 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 $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 $3,956,230
Contributions $1,411,451
Cash Contributions $1,411,451
Cash from Employers $989,583
Cash from Participants $421,868
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $2,544,779
Total Interest $1,691
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $1,691
Interest from Other Investments $0
Total Dividends $41,247
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 $2,015,276
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 $486,565
Other Income $0
Expenses $1,672,912
Total Benefit Payments $1,578,258
Directly to participants or beneficiaries, including direct rollovers $1,578,258
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 $94,654
Professional Fees $54,806
Contract Administrator Fees $4,061
Investment Advisory and management fees $35,597
Other Administrative Fees $190
Net Income $2,283,318
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 $18,141,533 $15,845,757 14.49%
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 $426 $6,204 -93.13%
Interest-bearing cash $426 $6,204 -93.13%
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 $28,155 $54,255 -48.11%
Value of interest in common/collective trusts $15,208,244 $629,615 2315.48%
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 $2,904,708 $15,155,683 -80.83%
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 $12,500 $42 29661.90%
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) $12,500 $42 29661.90%
Net Assets $18,129,033 $15,845,715 14.41%

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
Axia Advisory Inc Investment advisory (participants), Investment advisory (plan), Investment management, Participant communication, Investment management fees paid directly by plan NONE $35,597 $0 $35,597
Findley Davies, Inc Recordkeeping and information management (computing, tabulating, data processing, etc.), Consulting (general), Direct payment from the plan NONE $33,956 $0 $33,956
Katz Sapper & Miller LLP Accounting (including auditing), Direct payment from the plan NONE $12,500 $0 $12,500
Reed & Company Accounting (including auditing), Direct payment from the plan NONE $8,350 $0 $8,350
Td Ameritrade Contract Administrator, Custodial (securities), Trustee (directed), Direct payment from the plan, Shareholder servicing fees, Distribution (12b-1) fees Trustee $4,061 $0 $4,061
Total $94,464 $0 $94,464

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

Name Position Explanation
Reed & Company, P.C. Auditor Business Decision. There Were No Material Disputes Or Matters of Disagreement.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Managed Retirement Fund Balanced Td Ameritrade Trust Company DFE: Common/Collective Trust $6,106,875
Managed Retirement Fund Growth Td Ameritrade Trust Company DFE: Common/Collective Trust $4,445,051
Managed Retirement Fund Conservativ Td Ameritrade Trust Company DFE: Common/Collective Trust $1,702,757
Managed Retirement Fund Aggressive Td Ameritrade Trust Company DFE: Common/Collective Trust $1,519,904
Managed Retirement Fund Moderate Td Ameritrade Trust Company DFE: Common/Collective Trust $897,750
Galliard/Wells Fargo Stable Value Wells Fargo Bank, N.A. DFE: Common/Collective Trust $535,908
Total $15,208,245

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.