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FORM 5500 DATA

M S International, Inc. 401k Profit Sharing Plan

Overview

Plan Information

  • Plan Year01/01/2018 — 12/31/2018
  • Date of Plan01/01/2006
  • Net Assets as of 12/31/2018 $26,058,117
  • 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 ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2018

  • Active (Eligible) Participants1,100
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits71
  • Subtotal1,171
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total1,171
  • Total number of participants as of 01/01/20181,101
  • Number of participants with account balances589
  • 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

  • Address2095 N. Batavia Street
  • CityOrange
  • StateCA
  • Zip92865
  • Telephone(714) 685-7504
  • EIN35-1562013
  • Industry Code423990
  • Named AdministratorNeha Mehta

Audit Information

  • Audit StatusAudited
  • AuditorLtsp, Inc.
  • Auditor EIN95-3864890
  • 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.
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? 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 $4,052,738
Contributions $5,722,430
Cash Contributions $5,722,430
Cash from Employers $1,674,697
Cash from Participants $3,210,589
Others (including rollovers) $837,144
Noncash Contributions $0
Total Earnings on Investments $-1,669,692
Total Interest $16,017
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $16,017
Interest from Other Investments $0
Total Dividends $0
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 $-1,685,709
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 $0
Other Income $0
Expenses $1,136,461
Total Benefit Payments $1,106,849
Directly to participants or beneficiaries, including direct rollovers $1,106,849
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $15,318
Interest expense $0
Total Administrative Expenses $14,294
Professional Fees $14,294
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $2,916,277
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 $26,058,117 $23,141,840 12.60%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $1,674,697 $1,230,455 36.10%
Employer Contributions $1,674,697 $1,230,455 36.10%
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 $444,367 $257,217 72.76%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $22,187,650 $20,310,226 9.24%
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 $0 $0 0.0%
Value of funds held in insurance co. general account $1,751,403 $1,343,942 30.32%
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 $26,058,117 $23,141,840 12.60%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Transamerica 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
Pension Kinetics Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Recordkeeping fees Recordkeeper $11,000 $1,006 $12,006
Transamerica Life Insurance Company Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Investment management fees paid indirectly by plan, Float revenue, Recordkeeping fees, Other insurance wrap fees Recordkeeper $3,144 $0 $3,144
Total $14,144 $1,006 $15,150

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Pension Kinetics Transamerica Life Insurance Company Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Recordkeeping fees Third Party Administrator $1,006
*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
Ta Blackrock Lifepath Index 2035 Re Transamerica Life Insurance Company DFE: Pooled Separate Account $1,937,105
Ta Blackrock Lifepath Index 2030 Re Transamerica Life Insurance Company DFE: Pooled Separate Account $1,704,075
Ta Blackrock Lifepath Index 2040 Re Transamerica Life Insurance Company DFE: Pooled Separate Account $1,525,259
Ta Vanguard Lifestrategy Growth Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $1,490,490
Ta Vanguard Lifestrategy Moderate G Transamerica Life Insurance Company DFE: Pooled Separate Account $1,144,114
Ta Blackrock Lifepath Index 2025 Re Transamerica Life Insurance Company DFE: Pooled Separate Account $852,325
Ta Blackrock Lifepath Index 2045 Re Transamerica Life Insurance Company DFE: Pooled Separate Account $824,809
Franklin Growth Series Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $587,877
Mfs Massachusetts Investors Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $570,715
Ta Blackrock Lifepath Index 2050 Re Transamerica Life Insurance Company DFE: Pooled Separate Account $567,274
American Funds New Perspective Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $549,400
Ta Blackrock Lifepath Index 2020 Re Transamerica Life Insurance Company DFE: Pooled Separate Account $522,129
Janus Henderson Triton Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $521,562
Ta Blackrock Lifepath Index 2055 Re Transamerica Life Insurance Company DFE: Pooled Separate Account $487,313
Transamerica Partners Stock Index R Transamerica Life Insurance Company DFE: Pooled Separate Account $485,590
American Funds Washington Mutual In Transamerica Life Insurance Company DFE: Pooled Separate Account $480,055
American Funds Fundamental Investor Transamerica Life Insurance Company DFE: Pooled Separate Account $431,257
Jpmorgan U.S. Equity Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $428,488
State Street Russell Large Cap Grow Transamerica Life Insurance Company DFE: Pooled Separate Account $427,769
Victory Sycamore Established Value Transamerica Life Insurance Company DFE: Pooled Separate Account $415,857
Goldman Sachs Mid-Cap Opportunities Transamerica Life Insurance Company DFE: Pooled Separate Account $404,869
Ta Vanguard Lifestrategy Conservati Transamerica Life Insurance Company DFE: Pooled Separate Account $387,005
American Funds Growth Fund of Ameri Transamerica Life Insurance Company DFE: Pooled Separate Account $360,313
Blackrock Equity Dividend Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $358,436
Ivy Science & Technology Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $351,221
Ta Blackrock Lifepath Index Retirem Transamerica Life Insurance Company DFE: Pooled Separate Account $347,675
Jpmorgan High Yield Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $339,917
Transamerica Small/Mid Cap Value Re Transamerica Life Insurance Company DFE: Pooled Separate Account $339,045
State Street S&P Mid Cap Index Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $304,929
Invesco Small Cap Equity Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $289,177
State Street Russell Large Cap Valu Transamerica Life Insurance Company DFE: Pooled Separate Account $212,843
American Funds Europacific Growth R Transamerica Life Insurance Company DFE: Pooled Separate Account $176,548
Loomis Sayles Investment Grade Bond Transamerica Life Insurance Company DFE: Pooled Separate Account $171,549
Templeton Global Bond Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $170,711
Oppenheimer Developing Markets Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $165,038
American Funds Balanced Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $163,343
State Street International Index Re Transamerica Life Insurance Company DFE: Pooled Separate Account $161,042
American Century Government Bond Re Transamerica Life Insurance Company DFE: Pooled Separate Account $159,990
Neuberger Berman Real Estate Ret Op Transamerica Life Insurance Company DFE: Pooled Separate Account $153,905
Pimco Total Return Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $152,422
Ab High Income Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $152,365
Blackrock Global Allocation Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $149,745
Invesco Mid Cap Core Equity Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $111,900
State Street U.S. Bond Index Ret Op Transamerica Life Insurance Company DFE: Pooled Separate Account $104,392
State Street Russell Small Cap Inde Transamerica Life Insurance Company DFE: Pooled Separate Account $102,548
Pimco Real Return Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $100,470
Pgim Jennison Natural Resources Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $88,550
Ta Vanguard Lifestrategy Income Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $80,233
Franklin Mutual Financial Services Transamerica Life Insurance Company DFE: Pooled Separate Account $60,212
Ta Blackrock Lifepath Index 2060 Re Transamerica Life Insurance Company DFE: Pooled Separate Account $57,537
Lord Abbett International Value Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $40,468
Ivy Asset Strategy Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $15,787
Total $22,187,648

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Transamerica Life Insurance Company 648
EIN 39-0989781
Industry Code 86231
Contract Number 803973-000
Contract Year 01/01/2018 — 12/31/2018
Value in General Account at Year End $0
Value in Separate Accounts at Year End $22,187,650
Insurance Fees and Commissions $61,128
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Pension Kinetics 92 Corporate Park, Suite C-212 Irvine, CA 92606 Third Party Administrator $0 $46,789 0
Pension Kinetics 92 Corporate Park, Suite C-212 Irvine, CA 92606 Insurance Agent or Broker $0 $14,339 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 STABLE VALUE OPTION
Balance at the end of the previous year $1,343,940
Additions $767,516
Contributions Deposited during the year $284,296
Dividends and credits $0
Interest credited during the year $10,429
Transferred from separate account $293,584
Other $179,207
Total of Balance and Additions $2,111,456
Deductions $360,056
Disbursed from fund to pay benefits or purchase annuities during the year $35,791
Administration charge made by carrier $0
Transferred to Separate Account $309,076
Other $15,189
Balance at the end of the current year $1,751,400