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FORM 5500 DATA

H.D. Hudson Manufacturing Company Retirement Savings Plan

Overview

Plan Information

  • Plan Year01/01/2014 — 12/31/2014
  • Date of Plan01/01/2001
  • Net Assets as of 12/31/2014 $6,529,530
  • Plan Number10
  • 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 Arrangement Trust

Participant Information as of 12/31/2014

  • Active (Eligible) Participants154
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits62
  • Subtotal216
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits1
  • Total217
  • Total number of participants as of 01/01/2014215
  • Number of participants with account balances217
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested4

Expenses

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

Sponsor Information

  • Address500 N. Michigan Avenue, Fl 23
  • CityChicago
  • StateIL
  • Zip60611-3766
  • Telephone(312) 644-2830
  • EIN36-1243360
  • Industry Code333100
  • Named AdministratorMarilyn Mitchell
  • Named Plan SponsorMarilyn Mitchell

Audit Information

  • Audit StatusAudited
  • AuditorMcgladrey LLP
  • Auditor EIN42-0714325
  • 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.
3H Controlled Group Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

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 $25
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 $1,119,887
Contributions $759,240
Cash Contributions $759,240
Cash from Employers $309,373
Cash from Participants $448,494
Others (including rollovers) $1,373
Noncash Contributions $0
Total Earnings on Investments $360,647
Total Interest $20,512
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $3,003
Interest from Other Investments $17,509
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 $340,135
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 $809,084
Total Benefit Payments $788,409
Directly to participants or beneficiaries, including direct rollovers $788,409
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 $20,675
Professional Fees $2,908
Contract Administrator Fees $17,767
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $310,803
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2014 12/31/2013 Change YOY
Total Assets $6,531,694 $6,218,727 5.03%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $3,842 $259 1383.40%
Employer Contributions $3,685 $259 1322.78%
Participant Contributions $0 $0 0.0%
Other Contributions $157 $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 $89,438 $69,154 29.33%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $5,304,060 $5,037,550 5.29%
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 $1,134,354 $1,111,764 2.03%
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 $2,164 $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) $2,164 $0 0.0%
Net Assets $6,529,530 $6,218,727 5.00%

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
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 NONE $17,800 $0 $17,800
Qualified Pension Professionals Inc Consulting (pension), Consulting fees NONE $2,909 $0 $2,909
Chase Insurance Agency Insurance agents and brokers, Insurance services, Insurance brokerage commissions and fees NONE $0 $8 $8
Total $20,709 $8 $20,717

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

Name of Investment Investment Manager Type of Investment Dollar Value
Vanguard Target Ret 2020 Ret Opt Transamerica Life Incurance Company DFE: Pooled Separate Account $599,846
Vanguard Target Ret 2025 Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $564,898
Vanguard Target Ret 2035 Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $551,658
Vanguard Target Ret 2045 Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $431,468
Jpmorgan Equity Income Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $342,218
Vanguard Small-Cap Value Index Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $291,000
Goldman Sachs Mid Cap Value Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $252,264
Wells Fargo Adv Gov Sec Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $180,304
Vanguard Target Ret 2040 Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $179,772
Goldman Sachs Mid-Cap Opportun Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $170,229
American Funds Europacific Growth Transamerica Life Insurance Company DFE: Pooled Separate Account $168,118
Vanguard Target Ret 2030 Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $166,992
Oppenheimer International Grwth Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $156,841
Vanguard Target Ret 2015 Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $141,919
Nuveen Real Estate Securities Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $141,746
Alger Capital Appreciation Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $131,845
Vanguard Target Ret 2050 Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $127,497
Transamerica Partners Hi Yield Bond Transamerica Life Insurance Company DFE: Pooled Separate Account $120,877
Prudential Jennison Smco Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $108,691
Invesco Diversified Div Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $102,475
Transamerica Partners Stck Indx Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $77,132
Vanguard Small-Cap Index Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $64,969
Templeton Global Bond Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $48,225
Wells Fargo Advtg Precious Metals Transamerica Life Insurance Company DFE: Pooled Separate Account $35,944
Ssga S&P Mid Cap Index Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $31,628
Vanguard Target Ret 2010 Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $31,068
Vanguard Target Retirement 2055 Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $26,855
Vanguard Target Ret Income Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $23,674
American Century Inflation-Adj Bond Transamerica Life Insurance Company DFE: Pooled Separate Account $15,430
Janus Balanced Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $11,106
Prudential Total Returen Bond Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $7,373
Pimco Total Return Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Oppenheimer Int'L Bond Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Nuveen Small Cap Select Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Thornburg Intl Value Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Total $5,304,062

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Transamerica Life Insurance Company 217
EIN 39-0989781
Industry Code 86231
Contract Number 998793-000
Contract Year 01/01/2014 — 12/31/2014
Value in General Account at Year End $0
Value in Separate Accounts at Year End $5,304,060
Insurance Fees and Commissions $24,660
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Chase Insurance Agency, Inc. Producer Karen J Merrell Milwaukee, WI 53202 Insurance Agent or Broker $21,578 $0
Qualified Pension Professionals Inc Po Box 522 Lisle, IL 60532 Third Party Administrator $0 $3,082 TPA SERVICE FEES
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 $1,111,764
Additions $185,612
Contributions Deposited during the year $124,375
Dividends and credits $0
Interest credited during the year $17,509
Transferred from separate account $39,223
Other $4,505
Total of Balance and Additions $1,297,376
Deductions $163,022
Disbursed from fund to pay benefits or purchase annuities during the year $14,165
Administration charge made by carrier $2,871
Transferred to Separate Account $137,641
Other $8,345
Balance at the end of the current year $1,134,354