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FORM 5500 DATA

M. H. Logistics Corporation 401k Retirement & Savings Plan

Overview

Plan Information

  • Plan Year01/01/2006 — 12/31/2006
  • Date of Plan02/01/1995
  • Net Assets as of 12/31/2006 $12,618,743
  • 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
  • Plan Benefit ArrangementInsurance

Participant Information as of 12/31/2006

  • Active (Eligible) Participants494
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits38
  • Subtotal532
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total532
  • Total number of participants as of 01/01/2006495
  • Number of participants with account balances364
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested5
  • Number of participants required to be reported on Schedule SSA8

Expenses

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

Sponsor Information

  • AddressPo Box 50
  • CityMossville
  • StateIL
  • Zip61552-0050
  • Telephone(309) 686-4048
  • EIN37-1401792
  • Industry Code441229
  • Named AdministratorBradley W. Barrow
  • Named Plan SponsorBradley W. Barrow

Plan Administrator Information

  • Administrator NameSAME
  • Administrator EIN

Plan Preparer Information

  • Preparer NameSecurian Retirement Services
  • AddressP O Box 64787
  • City St. Paul
  • StateMN
  • Zip55164-0787
  • Telephone(651) 665-3500
  • Preparer EIN41-0417830

Audit Information

  • Audit StatusAudited
  • AuditorClifton Gunderson
  • Auditor EIN37-0802863
  • 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.
3E Prototype plan A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion or notification letter; and under which a separate funding medium (for example, a separate trust or custodial account) is established for the use of each adopting employer.
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? 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 $700,000
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

Financials

Income and Expense Statement

Income $2,762,808
Contributions $1,540,441
Cash Contributions $1,540,441
Cash from Employers $413,264
Cash from Participants $1,091,945
Others (including rollovers) $35,232
Noncash Contributions $0
Total Earnings on Investments $1,222,367
Total Interest $54,996
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $17,566
Interest from Other Investments $37,430
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 $1,167,371
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 $805,800
Total Benefit Payments $792,492
Directly to participants or beneficiaries, including direct rollovers $792,492
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 $13,308
Professional Fees $0
Contract Administrator Fees $13,308
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $1,957,008
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2006 12/31/2005 Change YOY
Total Assets $12,618,743 $10,661,735 18.36%
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 $297,031 $204,404 45.32%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $11,483,685 $9,573,516 19.95%
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 $838,027 $883,815 -5.18%
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 $12,618,743 $10,661,735 18.36%

Service Providers

Service Providers

Name Nature of Service Relationship to Plan Sponsor Gross Salary or Allowances Paid by Plan Fees and Commissions Paid by Plan Total Salary/Fees
Minnesota Life Contract Administrator $0 $13,308 $13,308
Total $0 $13,308 $13,308

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Large Value Equity Iia Minnesota Life Insurance Company DFE: Pooled Separate Account $1,537,997
Large Equity Index I Minnesota Life Insurance Company DFE: Pooled Separate Account $1,143,854
Lifestrategy III Minnesota Life Insurance Company DFE: Pooled Separate Account $1,008,881
Large Value Equity VII Minnesota Life Insurance Company DFE: Pooled Separate Account $979,422
Lifestrategy II Minnesota Life Insurance Company DFE: Pooled Separate Account $822,455
International Value II Minnesota Life Insurance Company DFE: Pooled Separate Account $788,558
Multicap Growth Equity III Minnesota Life Insurance Company DFE: Pooled Separate Account $707,984
Lifestrategy I Minnesota Life Insurance Company DFE: Pooled Separate Account $646,560
Aggregate Bond Minnesota Life Insurance Company DFE: Pooled Separate Account $630,712
Long-Term Investment-Grade Bond Ia Minnesota Life Insurance Company DFE: Pooled Separate Account $564,864
Managed IV Minnesota Life Insurance Company DFE: Pooled Separate Account $554,314
Managed Iiia Minnesota Life Insurance Company DFE: Pooled Separate Account $363,995
Small Value Equity Ix Minnesota Life Insurance Company DFE: Pooled Separate Account $297,996
Multicap Value Equity I Minnesota Life Insurance Company DFE: Pooled Separate Account $282,708
Small Equity I Minnesota Life Insurance Company DFE: Pooled Separate Account $279,092
Large Value Equity VIII Minnesota Life Insurance Company DFE: Pooled Separate Account $265,617
Large Growth Equity V Minnesota Life Insurance Company DFE: Pooled Separate Account $217,825
Small Growth Equity V Minnesota Life Insurance Company DFE: Pooled Separate Account $203,728
Large Growth Equity Index II Minnesota Life Insurance Company DFE: Pooled Separate Account $187,123
Long-Term Investment-Grade Bond Minnesota Life Insurance Company DFE: Pooled Separate Account $0
Managed III Minnesota Life Insurance Company DFE: Pooled Separate Account $0
Large Value Equity II Minnesota Life Insurance Company DFE: Pooled Separate Account $0
International Value Minnesota Life Insurance Company DFE: Pooled Separate Account $0
Total $11,483,685

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Minnesota Life Insurance Company 532
EIN 41-0417830
Industry Code 66168
Contract Number 65169
Contract Year 01/01/2006 — 12/31/2006
Value in General Account at Year End $838,027
Value in Separate Accounts at Year End $11,483,685
Insurance Fees and Commissions $27,211
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Michael Witzig 805 W Jackson, Ste 200 Morton, IL 61550 Insurance Agent or Broker $17,988 $0
Harold Gatlin 805 W Jackson, Ste 203 Morton, IL 61550 Insurance Agent or Broker $9,223 $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
Balance at the end of the previous year $883,815
Additions $177,655
Contributions Deposited during the year $116,139
Dividends and credits $0
Interest credited during the year $37,430
Transferred from separate account $8,828
Other $15,258
Total of Balance and Additions $1,061,470
Deductions $223,443
Disbursed from fund to pay benefits or purchase annuities during the year $125,979
Administration charge made by carrier $139
Transferred to Separate Account $77,895
Other $19,430
Balance at the end of the current year $838,027