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FORM 5500 DATA

The Electricians Salary Deferral Plan of Local No. 146

Overview

Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan01/01/1995
  • Net Assets as of 12/31/2019 $7,149,962
  • Plan Number1
  • Plan Type Multi-Employer
  • Is the plan collectively bargained?Yes
  • 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 12/31/2019

  • Active (Eligible) Participants448
  • Retired or separated participants receiving benefits5
  • Other retired or separated participants entitled to future benefits46
  • Subtotal499
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total499
  • Total number of participants as of 01/01/2019515
  • Number of participants with account balances104
  • 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

  • Address3390 N Woodford St
  • CityDecatur
  • StateIL
  • Zip62526
  • Telephone(217) 877-4604
  • EIN37-0447876
  • Industry Code238210
  • Named AdministratorJosh Sapp

Audit Information

  • Audit StatusAudited
  • AuditorKerber,Eck & Braeckel LLP
  • Auditor EIN43-0352985
  • 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.
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.

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 $1,485,296
Contributions $273,435
Cash Contributions $273,435
Cash from Employers $0
Cash from Participants $253,681
Others (including rollovers) $19,754
Noncash Contributions $0
Total Earnings on Investments $1,211,861
Total Interest $40,520
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $1,353
Interest from Other Investments $39,167
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 $1,171,341
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 $803,931
Total Benefit Payments $774,740
Directly to participants or beneficiaries, including direct rollovers $774,740
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 $29,191
Professional Fees $0
Contract Administrator Fees $14,712
Investment Advisory and management fees $14,479
Other Administrative Fees $0
Net Income $681,365
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 $7,149,962 $6,468,597 10.53%
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 $14,419 $49,286 -70.74%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $6,142,425 $5,440,338 12.91%
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 $993,118 $978,973 1.44%
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 $7,149,962 $6,468,597 10.53%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

There is no information on eligible indirect compensation for this plan.

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
Lincoln National Corporation Contract Administrator Service Provider $16,659 $0 $16,659
Total $16,659 $0 $16,659

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
Lincoln Life Separate Account 4K Lincoln National Life Insurance Co. DFE: Pooled Separate Account $6,142,425
Lnl Sa94 Oppenheimer Developing Mar Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Lnl Sa93 Delaware Vip Diversified I Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Lnl Sa87 Delaware Vip Limitedterm D Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Lnl Sa86 Templeton Global Bond Vip Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Lnl Sa84 Fidelity Vip Mid Cap Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Lnl Sa83 Blackrock Advantage Large Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Lnl Sa81 Blackrock Capital Apprecia Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Lnl Sa77 Blackrock Energy and Resou Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Lnl Sa76 Invesco Small Cap Discover Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Lnl Sa67 Mfs Vit Utilities Series Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Lnl Sa65 Mfs Vit Growth Series Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Lnl Sa64 Janus Henderson Enterprise Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Lnl Sa95 Lvip Jpmorgan Retirement I Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Lnl Sa96 Lvip Blackrock Scientific Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Lnl Sa97 Lvip Delaware Wealth Build Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Lnl Sale Blackrock Global Allocatio Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Lnl Salm Pimco Total Return Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Lnl Sall Lvip T. Rowe Price 2050 Fu Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Lnl Sa1E American Funds Bond Fund O Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Lnl Salb Ss Russell Small Cap Value Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Lnl Sala Ss S&P Midcap Index Non-Le Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Lnl Sal9 Ss Russell Large Cap Growt Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Lnl Sal8 Ss Russell Large Cap Value Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Lnl Sal6 Lvip Ssga Bond Index Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Lnl Sal4 Lvip T. Rowe Price 2040 Fu Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Lnl Sal3 Lvip T. Rowe Price 2030 Fu Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Lnl Sal 2 Lvip T. Rowe Price 2020 F Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Lnl Sa63 Wells Fargo Discovery Fund Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Lnl Sa62 Lvip Franklin Templeton Gl Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Lnl Sa32 Vanguard Lifestrategy Grow Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Lnl Sa30 Vanguard Lifestrategy Cons Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Lnl Sa28 Invesco Growth and Income Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Lnl Sa27 Lvip Ssga S&P 500 Index Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Lnl Sa24 Ss Russell Small/Mid Cap I Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Lnl Sa23 Ss Russell All Cap Index Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Lnl Sa22 Lvip Mondrian Int'L Value Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Lnl Sa21 Vanguard Lifestrategy Mode Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Lnl Sa20 Franklin High Income Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Lnl Sa19 Lvip Vanguard Domestic Equ Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Lnl Sa17 Columbia Acorn Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Lnl Sa14 Federated Government Ultra Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Lnl Sa33 Lvip Delaware Social Aware Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Lnl Sa34 American Funds New Perspec Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Lnl Sa61 Delaware Vip Value Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Lnl Sa58 Franklin Growth Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Lnl Sa57 Lvip Dimensional Us Equity Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Lnl Sa56 Delaware Vip Small Cap Val Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Lnl Sa55 Lvip Clarion Global Real E Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Lnl Sa54 American Funds Europacific Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Lnl Sa49 American Funds Investment Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Lnl Sa48 American Funds Growth Fund Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Lnl Sa46 American Funds Smallcap Wo Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Lnl Sa39 Alliance Bernstein Vps Sma Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Lnl Sa36 Lvip Ssga Smallcap Index Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Lnl Sa35 Fidelity Vip Contrafund Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Lnl Sa12 Lvip Delaware Bond Lincoln National Life Insurance Co. DFE: Pooled Separate Account $0
Total $6,142,425

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Lincoln National Life Insurance Co 104
EIN 35-0472300
Industry Code 65676
Contract Number GP53843
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $0
Value in Separate Accounts at Year End $6,142,425
Insurance Fees and Commissions $10,232
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Centennial Securities Company 3075 Charlesvoix Dr SE Ste 200 Grand Rapids, MI 49546 Agent or Broker other than Insurance $10,232 $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 GROUP VARAIBLE ANNUITY W/ GUAR ACCT
Balance at the end of the previous year $978,973
Additions $144,992
Contributions Deposited during the year $17,320
Dividends and credits $0
Interest credited during the year $39,167
Transferred from separate account $88,370
Other $135
Total of Balance and Additions $1,123,965
Deductions $130,847
Disbursed from fund to pay benefits or purchase annuities during the year $118,594
Administration charge made by carrier $2,099
Transferred to Separate Account $7,557
Other $2,597
Balance at the end of the current year $993,118