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FORM 5500 DATA

A. L. Prime Energy Consultant, Inc. Retirement Plan

Overview

Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan01/01/2006
  • Net Assets as of 12/31/2019 $6,542,997
  • 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 12/31/2019

  • Active (Eligible) Participants138
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits5
  • Subtotal143
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total143
  • Total number of participants as of 01/01/2019147
  • Number of participants with account balances29
  • 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

  • Address18 Lark Avenue
  • CitySaugus
  • StateMA
  • Zip01906
  • Telephone(781) 246-0201
  • EIN04-3113749
  • Industry Code541600

Audit Information

  • Audit StatusAudited
  • AuditorCaron & Bletzer, PLLC
  • Auditor EIN04-3499945
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
2A Age/Service Weighted or New Comparability or Similar Plan Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New Comparability or Similar Plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the threshold or additional rate allowed under the permitted disparity rules of section 401(l)
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.
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 $1,648,471
Contributions $510,202
Cash Contributions $510,202
Cash from Employers $232,551
Cash from Participants $277,651
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $1,138,269
Total Interest $2,435
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $2,435
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 $1,135,834
Other Income $0
Expenses $8,211
Total Benefit Payments $7,811
Directly to participants or beneficiaries, including direct rollovers $7,811
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 $400
Professional Fees $400
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $1,640,260
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2019 12/31/2018 Change YOY
Total Assets $6,542,997 $4,902,737 33.46%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $103,599 $102,180 1.39%
Employer Contributions $103,599 $102,180 1.39%
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 $68,648 $66,946 2.54%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $6,137,011 $4,507,594 36.15%
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 $233,739 $226,017 3.42%
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 $6,542,997 $4,902,737 33.46%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Voya Retirement Insuranc Annuity Co

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
Dixon Associates Inc. Other fees Service Provider $0 $13,585 $13,585
Total $0 $13,585 $13,585

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Dixon Associates Inc. Dixon Assocites Inc. Other fees Other Fees $13,585
*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
Voya Large Cap Growth Port Srv Voya Life & Annuity Company DFE: Pooled Separate Account $873,030
Oppenheimer Developing Markets Fnd Voya Life & Annuity Company DFE: Pooled Separate Account $410,022
Voya Global Equity Port S Voya Life & Annuity Company DFE: Pooled Separate Account $365,899
Pioneer High Yield Fund R Voya Life & Annuity Company DFE: Pooled Separate Account $358,366
Voya Solution 2025 Portfolio Adv Voya Life & Annuity Company DFE: Pooled Separate Account $325,776
Vy T.Rowe Price Div Md Cp Grw Port Voya Life & Annuity Company DFE: Pooled Separate Account $292,037
Vy Invesco Grw & Inc Port Srv Voya Life & Annuity Company DFE: Pooled Separate Account $275,418
Voya Money Market Portfolio I Voya Life & Annuity Company DFE: Pooled Separate Account $267,083
Blackrock Hlth Sci Opport Port Inv Voya Life & Annuity Company DFE: Pooled Separate Account $258,499
Voya Multi Manager Intl Sm Cap Fd A Voya Life & Annuity Company DFE: Pooled Separate Account $239,442
Voya Solution 2035 Portfolio Adv Voya Life & Annuity Company DFE: Pooled Separate Account $205,646
Vy Clarion Real Estate Port Srv Voya Life & Annuity Company DFE: Pooled Separate Account $202,512
Amer Cent Equity Growth Fund A Voya Life & Annuity Company DFE: Pooled Separate Account $196,113
Vy Jpmorgan Emrg Mkts Eq Port Srv Voya Life & Annuity Company DFE: Pooled Separate Account $160,572
Vy Invesco Eqty & Inc Port I Voya Life & Annuity Company DFE: Pooled Separate Account $155,981
American Funds Am Balancd R3 Voya Life & Annuity Company DFE: Pooled Separate Account $153,803
American Funds Smallcap R3 Voya Life & Annuity Company DFE: Pooled Separate Account $134,320
Wanger USA Voya Life & Annuity Company DFE: Pooled Separate Account $123,993
Baron Asset Fund Ret Voya Life & Annuity Company DFE: Pooled Separate Account $120,269
Voya Strategic Alloc Moderate Port Voya Life & Annuity Company DFE: Pooled Separate Account $116,084
Voya Small Company Portfolio I Voya Life & Annuity Company DFE: Pooled Separate Account $103,367
Fidelity Adv New Insights Fund T Voya Life & Annuity Company DFE: Pooled Separate Account $101,931
Voya Solution 2045 Portfolio Adv Voya Life & Annuity Company DFE: Pooled Separate Account $91,216
Voya Solution 2055 Portfolio Adv Voya Life & Annuity Company DFE: Pooled Separate Account $89,998
Blackrock Capital Apprec Fnd R Voya Life & Annuity Company DFE: Pooled Separate Account $73,839
Franklin Small Cap Value Vip Fd 2 Voya Life & Annuity Company DFE: Pooled Separate Account $71,091
Invesco Endeavor Fund R Voya Life & Annuity Company DFE: Pooled Separate Account $68,794
Voya Solution Income Prt Adv Voya Life & Annuity Company DFE: Pooled Separate Account $57,670
Ab Equity Income Fund R Voya Life & Annuity Company DFE: Pooled Separate Account $54,201
Voya Solution 2030 Port Adv Voya Life & Annuity Company DFE: Pooled Separate Account $40,122
Franklin Utilities Fund R Voya Life & Annuity Company DFE: Pooled Separate Account $35,662
Vy Oppenheimer Global Port 1 Voya Life & Annuity Company DFE: Pooled Separate Account $19,803
Ab Disc Growth Fund R Voya Life & Annuity Company DFE: Pooled Separate Account $18,948
Invesco American Val Fd A Voya Life & Annuity Company DFE: Pooled Separate Account $17,888
Oppenheimer Gold & Spec Min Fd R Voya Life & Annuity Company DFE: Pooled Separate Account $17,119
Voya High Yield Portfolio Srv Voya Life & Annuity Company DFE: Pooled Separate Account $16,049
Dodge & Cox Intl Stock Fund Voya Life & Annuity Company DFE: Pooled Separate Account $14,760
Voya Solution 2060 Port Adv Voya Life & Annuity Company DFE: Pooled Separate Account $7,142
Janus Hndr Overseas Fund S Voya Life & Annuity Company DFE: Pooled Separate Account $2,547
Total $6,137,012

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Ing Life & Annuity Company 29
EIN 71-0294708
Industry Code 86509
Contract Number GH1305
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $233,739
Value in Separate Accounts at Year End $6,137,011
Insurance Fees and Commissions $2,716
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
The Hilb Group of New England, LLC 931 Jefferson Boulevard Warwick, RI 02886 Third Party Administrator $0 $2,716 TPA
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 PENSION FUNDING
Balance at the end of the previous year $226,239
Additions $20,748
Contributions Deposited during the year $14,212
Dividends and credits $0
Interest credited during the year $6,536
Transferred from separate account $0
Other $0
Total of Balance and Additions $246,987
Deductions $13,248
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $92
Transferred to Separate Account $0
Other $13,156
Balance at the end of the current year $233,739