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American Production and Inventory Control Society, Inc.

Plan Rating
FORM 5500 DATA

American Production and Inventory Control Society, Inc. Cash or Deferred Profit Sharing Trust

Overview

Plan Information

  • Plan Year01/01/2017 — 12/31/2017
  • Date of Plan01/01/1985
  • Net Assets as of 12/31/2017 $9,921,627
  • 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?Yes
  • Plan Funding ArrangementInsurance Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2017

  • Active (Eligible) Participants103
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits35
  • Subtotal138
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total138
  • Total number of participants as of 01/01/2017138
  • Number of participants with account balances123
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested3

Expenses

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

Sponsor Information

  • Address8430 W Bryn Mawr Ave Ste 1000 Suite 1000
  • CityChicago
  • StateIL
  • Zip60631
  • Telephone(773) 867-1773
  • EIN36-6066976
  • Industry Code611000
  • Named AdministratorWayne Fritz

Audit Information

  • Audit StatusAudited
  • AuditorPlante & Moran, LLC
  • Auditor EIN38-1357951
  • 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.

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? Yes
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? Yes
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? Yes

Financials

Income and Expense Statement

Income $2,713,631
Contributions $1,336,618
Cash Contributions $1,336,618
Cash from Employers $323,006
Cash from Participants $767,860
Others (including rollovers) $245,752
Noncash Contributions $0
Total Earnings on Investments $1,377,013
Total Interest $10,687
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $4,641
Interest from Other Investments $6,046
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 $1,366,326
Other Income $0
Expenses $1,130,140
Total Benefit Payments $1,114,976
Directly to participants or beneficiaries, including direct rollovers $1,114,976
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 $15,164
Professional Fees $0
Contract Administrator Fees $15,164
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $1,583,491
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 $9,921,627 $8,338,136 18.99%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $42,860 $0 0.0%
Employer Contributions $15,985 $0 0.0%
Participant Contributions $26,875 $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 $125,354 $103,779 20.79%
Value of interest in common/collective trusts $0 $758,947 -100.00%
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 $9,060,249 $7,475,410 21.20%
Value of funds held in insurance co. general account $693,164 $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 $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 $9,921,627 $8,338,136 18.99%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • American United Life Insurance Co
  • Fidelity Investments Institutional

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
Cambridge Inv Rsrch Advsrs Investment advisory (participants), Investment advisory (plan), Investment management, Direct payment from the plan, Investment management fees paid directly by plan NONE $13,795 $0 $13,795
American United Life Insurance Co Recordkeeping and information management (computing, tabulating, data processing, etc.), Direct payment from the plan, Recordkeeping fees, Participant loan processing, Participant communication, Investment management fees paid indirectly by plan, Shareholder servicing fees, Sub-transfer agency fees, Distribution (12b-1) fees, Insurance mortality and expense charge, Other insurance wrap fees NONE $1,713 $5,089 $6,802
Fidelity Investments Participant loan processing, Recordkeeping fees, Account maintenance fees Recordkeeper $344 $0 $344
Total $15,852 $5,089 $20,941

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
American United Life Insurance Co American United Life Insurance Co Insurance mortality and expense charge, Other insurance wrap fees Asset Charge $5,089
American United Life Insurance Co AB Investment management fees paid indirectly by plan, Shareholder servicing fees, Sub-transfer agency fees, Distribution (12b-1) fees Revenue Sharing Formula - See Attached $0
American United Life Insurance Co American Century Investment management fees paid indirectly by plan, Shareholder servicing fees, Sub-transfer agency fees, Distribution (12b-1) fees Revenue Sharing Formula - See Attached $0
American United Life Insurance Co American Funds Investment management fees paid indirectly by plan, Shareholder servicing fees, Sub-transfer agency fees, Distribution (12b-1) fees Revenue Sharing Formula - See Attached $0
American United Life Insurance Co Blackrock Investment management fees paid indirectly by plan, Shareholder servicing fees, Sub-transfer agency fees, Distribution (12b-1) fees Revenue Sharing Formula - See Attached $0
American United Life Insurance Co Dreyfus Investment management fees paid indirectly by plan, Shareholder servicing fees, Sub-transfer agency fees, Distribution (12b-1) fees Revenue Sharing Formula - See Attached $0
American United Life Insurance Co Fidelity Investment management fees paid indirectly by plan, Shareholder servicing fees, Sub-transfer agency fees, Distribution (12b-1) fees Revenue Sharing Formula - See Attached $0
American United Life Insurance Co Goldman Sachs Investment management fees paid indirectly by plan, Shareholder servicing fees, Sub-transfer agency fees, Distribution (12b-1) fees Revenue Sharing Formula - See Attached $0
American United Life Insurance Co Invesco Investment management fees paid indirectly by plan, Shareholder servicing fees, Sub-transfer agency fees, Distribution (12b-1) fees Revenue Sharing Formula - See Attached $0
American United Life Insurance Co Janus Henderson Investment management fees paid indirectly by plan, Shareholder servicing fees, Sub-transfer agency fees, Distribution (12b-1) fees Revenue Sharing Formula - See Attached $0
American United Life Insurance Co Legg Mason Investment management fees paid indirectly by plan, Shareholder servicing fees, Sub-transfer agency fees, Distribution (12b-1) fees Revenue Sharing Formula - See Attached $0
American United Life Insurance Co Lord Abbett Investment management fees paid indirectly by plan, Shareholder servicing fees, Sub-transfer agency fees, Distribution (12b-1) fees Revenue Sharing Formula - See Attached $0
American United Life Insurance Co Pioneer Investment management fees paid indirectly by plan, Shareholder servicing fees, Sub-transfer agency fees, Distribution (12b-1) fees Revenue Sharing Formula - See Attached $0
American United Life Insurance Co PNC Investment management fees paid indirectly by plan, Shareholder servicing fees, Sub-transfer agency fees, Distribution (12b-1) fees Revenue Sharing Formula - See Attached $0
American United Life Insurance Co State Street Global Investment management fees paid indirectly by plan, Shareholder servicing fees, Sub-transfer agency fees, Distribution (12b-1) fees Revenue Sharing Formula - See Attached $0
American United Life Insurance Co Tiaa-Cref Investment management fees paid indirectly by plan, Shareholder servicing fees, Sub-transfer agency fees, Distribution (12b-1) fees Revenue Sharing Formula - See Attached $0
*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
Separate Account II American United Life Insurance Co DFE: Pooled Separate Account $9,060,249
Fa Stable Value Fidelity Management Trust Company DFE: Common/Collective Trust $0
Total $9,060,249

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
American United Life Insurance Company 123
EIN 35-0145825
Industry Code 60895
Contract Number G38540
Contract Year 01/01/2017 — 12/31/2017
Value in General Account at Year End $693,164
Value in Separate Accounts at Year End $9,060,249
Insurance Fees and Commissions $0
Persons Receiving Commissions and Fees There are no brokers listed for this plan.
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 ANNUITY CONTRACT
Balance at the end of the previous year $0
Additions $1,421,614
Contributions Deposited during the year $42,443
Dividends and credits $0
Interest credited during the year $3,231
Transferred from separate account $682,685
Other $693,255
Total of Balance and Additions $1,421,614
Deductions $728,450
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $1,456
Transferred to Separate Account $726,994
Other $0
Balance at the end of the current year $693,164