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Overview

Plan Information

  • Plan Year01/01/2018 — 12/31/2018
  • Date of Plan01/01/1995
  • Net Assets as of 12/31/2018 $9,634,609
  • 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? No
  • Plan Funding ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2018

  • Active (Eligible) Participants316
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits107
  • Subtotal423
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total423
  • Total number of participants as of 01/01/2018426
  • Number of participants with account balances358
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested25

Expenses

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

Sponsor Information

  • Address2521 Busse Road
  • CityElk Grove Village
  • StateIL
  • Zip60007-6118
  • Telephone(847) 350-5800
  • EIN36-2735234
  • Industry Code452300
  • Named AdministratorSue Connor
  • Named Plan SponsorSue Connor

Audit Information

  • Audit StatusAudited
  • AuditorSikich
  • Auditor EIN36-3168081
  • 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.
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.
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? 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 $602,437
Contributions $1,211,210
Cash Contributions $1,211,210
Cash from Employers $283,402
Cash from Participants $860,147
Others (including rollovers) $67,661
Noncash Contributions $0
Total Earnings on Investments $5,330
Total Interest $5,330
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $5,330
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 $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 $0
Other Income $-614,103
Expenses $884,993
Total Benefit Payments $833,152
Directly to participants or beneficiaries, including direct rollovers $833,152
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 $9,033
Total Administrative Expenses $42,808
Professional Fees $0
Contract Administrator Fees $42,808
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $-282,556
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 $9,637,473 $9,923,187 -2.88%
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 $74,074 $104,586 -29.17%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $9,554,266 $9,812,820 -2.63%
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 $9,133 $5,781 57.98%
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 $2,864 $6,022 -52.44%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $2,864 $6,022 -52.44%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $9,634,609 $9,917,165 -2.85%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • John Hancock 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
John Hancock Recordkeeping and information management (computing, tabulating, data processing, etc.), Investment management, Shareholder servicing fees, Sub-transfer agency fees, Float revenue, Distribution (12b-1) fees, Other insurance wrap fees, Soft dollars commissions Recordkeeper $1,518 $0 $1,518
Total $1,518 $0 $1,518

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
Jh Multimanager Balanced Ls John Hancock USA DFE: Pooled Separate Account $1,735,996
Jh Multimanager Growth Ls John Hancock USA DFE: Pooled Separate Account $1,184,800
Fidelity Advisor Total Bond John Hancock USA DFE: Pooled Separate Account $829,712
Jh Multimanager 2025 Lifetime John Hancock USA DFE: Pooled Separate Account $685,322
Jh Multimanager Moderate Ls John Hancock USA DFE: Pooled Separate Account $479,477
The Growht Fund of America John Hancock USA DFE: Pooled Separate Account $350,615
Money Market Fund John Hancock USA DFE: Pooled Separate Account $325,951
Money Market Fund John Hancock USA DFE: Pooled Separate Account $325,951
Jh Multimanager 2040 Lifetime John Hancock USA DFE: Pooled Separate Account $312,244
Jh Multimanager 2030 Lifetime John Hancock USA DFE: Pooled Separate Account $308,630
T. Rowe Price Health Sci John Hancock USA DFE: Pooled Separate Account $306,297
Jh Multimanager 2045 Lifetime John Hancock USA DFE: Pooled Separate Account $294,703
500 Index Fund John Hancock USA DFE: Pooled Separate Account $277,888
Jh Multimanager Conserv Ls John Hancock USA DFE: Pooled Separate Account $248,779
500 Small Cap Grow Index John Hancock USA DFE: Pooled Separate Account $177,935
Jh Multimanager Aggressive Ls John Hancock USA DFE: Pooled Separate Account $175,584
Jh Multimanager 2035 Lifetime John Hancock USA DFE: Pooled Separate Account $152,440
John Hancock Disciplined Value John Hancock USA DFE: Pooled Separate Account $148,059
Vanguard Target Ret 2025 John Hacncock USA DFE: Pooled Separate Account $144,115
Jh Multimanager 2015 Lifetime John Hancock USA DFE: Pooled Separate Account $104,835
Small Cap Index Fund John Hancock USA DFE: Pooled Separate Account $97,900
Vanguard Mid-Cap Value Etf John Hancock USA DFE: Pooled Separate Account $97,140
Jh Multimanager 2050 Lifetime John Hancock USA DFE: Pooled Separate Account $89,542
Europacific Growth Fund John Hancock USA DFE: Pooled Separate Account $88,630
Vanguard Target Ret 2040 John Hancock USA DFE: Pooled Separate Account $84,725
Real Return Bond Fund John Hancock USA DFE: Pooled Separate Account $79,477
Vanguard Value Fund John Hancock USA DFE: Pooled Separate Account $79,391
John Hancock Small Cap Value Index John Hancock USA DFE: Pooled Separate Account $63,762
Vanguard Target Ret 2030 John Hancock USA DFE: Pooled Separate Account $62,139
Mid Cap Stock Fund John Hancock USA DFE: Pooled Separate Account $59,712
Global Bond Fund John Hancock USA DFE: Pooled Separate Account $56,196
Investment Company of America John Hancock USA DFE: Pooled Separate Account $54,965
T. Rowe Price Spectrum Inc John Hancock USA DFE: Pooled Separate Account $46,442
Vanguard Target Ret 2045 John Hancock USA DFE: Pooled Separate Account $41,909
Dfa Intl Small Cap Value John Hancock USA DFE: Pooled Separate Account $37,643
Invesco International Growth John Hancock USA DFE: Pooled Separate Account $37,431
Vanguard Target Ret 2050 John Hancock USA DFE: Pooled Separate Account $34,647
U.S. High Yield Bond Fund John Hancock USA DFE: Pooled Separate Account $31,870
Vanguard Target Ret 2060 John Hancock USA DFE: Pooled Separate Account $31,503
Mid Cap Index Fund John Hancock USA DFE: Pooled Separate Account $24,214
Vanguard Target Ret 2035 John Hancock USA DFE: Pooled Separate Account $18,847
Utilities Fund John Hancock USA DFE: Pooled Separate Account $17,126
Jh Multimanager 2020 Lifetime John Hancock USA DFE: Pooled Separate Account $16,101
Vanguard Target Ret 2055 John Hancock USA DFE: Pooled Separate Account $15,607
Jh Multimanager 2055 Lifetime John Hancock USA DFE: Pooled Separate Account $10,152
Vanguard Target Ret 2020 John Hancock USA DFE: Pooled Separate Account $9,912
Vanguard Energy Fund John Hancock USA DFE: Pooled Separate Account $8,237
Vanguard Target Ret 2015 John Hancock USA DFE: Pooled Separate Account $5,384
Vanguard Tot Wld Stk Index Etf John Hancock USA DFE: Pooled Separate Account $5,070
Total Stock Market Index Fund John Hancock USA DFE: Pooled Separate Account $2,956
Total Bond Market Fund John Hancock USA DFE: Pooled Separate Account $1,973
Total Bond Market Fund John Hancock USA DFE: Pooled Separate Account $1,973
Jh Multimanager 2060 Lifetime John Hancock USA DFE: Pooled Separate Account $151
Jh Multimanager 2010 Lifetime John Hancock USA DFE: Pooled Separate Account $64
Real Est. Securities Fund John Hancock USA DFE: Pooled Separate Account $63
Total $9,882,187

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock Life Insurance Company 358
EIN 01-0233346
Industry Code 65838
Contract Number 86623
Contract Year 01/01/2018 — 12/31/2018
Value in General Account at Year End $9,133
Value in Separate Accounts at Year End $9,554,266
Insurance Fees and Commissions $37,967
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Northwestern Mutual Investment Svcs 24 W. 500 Maple Avenue, Suite 215 Naperville, IL 60540 Insurance Agent or Broker $0 $25,006
Pension Performance, Inc. 2551 Division Street, Suite 104 Joliet, IL 60435 Third Party Administrator $0 $12,961
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 Guaranteed Investment
Balance at the end of the previous year $5,781
Additions $5,446
Contributions Deposited during the year $5,274
Dividends and credits $0
Interest credited during the year $80
Transferred from separate account $90
Other $2
Total of Balance and Additions $11,227
Deductions $2,094
Disbursed from fund to pay benefits or purchase annuities during the year $35
Administration charge made by carrier $248
Transferred to Separate Account $1,771
Other $40
Balance at the end of the current year $9,133