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FORM 5500 DATA

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

Overview

Plan Information

  • Plan Year01/01/2017 — 12/31/2017
  • Date of Plan02/01/1995
  • Net Assets as of 12/31/2017 $52,869,193
  • 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 12/31/2017

  • Active (Eligible) Participants696
  • Retired or separated participants receiving benefits6
  • Other retired or separated participants entitled to future benefits182
  • Subtotal884
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total884
  • Total number of participants as of 01/01/2017862
  • Number of participants with account balances876
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested68

Expenses

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

Sponsor Information

  • AddressP.O. Box 50
  • CityMossville
  • StateIL
  • Zip61552
  • Telephone(309) 579-8020
  • EIN37-1401792
  • Industry Code484200
  • Named AdministratorBradley W Barrow
  • Named Plan SponsorBradley W Barrow

Audit Information

  • Audit StatusAudited
  • AuditorCliftonlarsonallen LLP
  • Auditor EIN41-0764674
  • 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.
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.
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? Yes $78
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 $12,894,627
Contributions $6,065,327
Cash Contributions $6,065,327
Cash from Employers $2,011,749
Cash from Participants $3,199,295
Others (including rollovers) $854,283
Noncash Contributions $0
Total Earnings on Investments $6,829,300
Total Interest $112,380
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $65,767
Interest from Other Investments $46,613
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 $6,716,920
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 $2,353,877
Total Benefit Payments $2,299,780
Directly to participants or beneficiaries, including direct rollovers $2,299,780
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $21,350
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $32,747
Professional Fees $0
Contract Administrator Fees $32,747
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $10,540,750
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 $52,869,193 $42,328,443 24.90%
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 $1,167,627 $1,111,625 5.04%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $49,024,201 $38,134,862 28.55%
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 $2,677,365 $3,081,956 -13.13%
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 $52,869,193 $42,328,443 24.90%

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
Minnesota Life Insurance Company Contract Administrator, Recordkeeping and information management (computing, tabulating, data processing, etc.), Investment management, Valuation (appraisals, etc.), Participant loan processing, Participant communication, Direct payment from the plan, Investment management fees paid indirectly by plan, Recordkeeping fees, Account maintenance fees NONE $32,747 $0 $32,747
Total $32,747 $0 $32,747

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
Schwb Fndmntl Us Lg Co Idx Minnesota Life Insurance Company DFE: Pooled Separate Account $7,109,978
Metro West Ttl Rtn Bd Admin Minnesota Life Insurance Company DFE: Pooled Separate Account $5,618,634
Janus Opportunistic Growth Minnesota Life Insurance Company DFE: Pooled Separate Account $4,928,617
Dodge & Cox Intl Stock Fund Minnesota Life Insurance Company DFE: Pooled Separate Account $4,840,966
Disciplined Gro Mid Cap Gro Minnesota Life Insurance Company DFE: Pooled Separate Account $3,330,978
Master Separate Account Minnesota Life Insurance Company DFE: Pooled Separate Account $3,229,100
Advantus S&P 500 Index Minnesota Life Insurance Company DFE: Pooled Separate Account $2,837,433
Disciplined Gro Small Cap Gro Minnesota Life Insurance Company DFE: Pooled Separate Account $2,621,819
Vanguard Lifestrategy Mod Gro Minnesota Life Insurance Company DFE: Pooled Separate Account $2,031,035
Vanguard Lifestrategy Growth Minnesota Life Insurance Company DFE: Pooled Separate Account $1,827,549
Vanguard Lifestrategy Cons Gro Minnesota Life Insurance Company DFE: Pooled Separate Account $1,628,064
Invesco Comstock Fund, R5 Minnesota Life Insurance Company DFE: Pooled Separate Account $1,536,902
Vanguard Lgtrm Invgr Fd Adm Minnesota Life Insurance Company DFE: Pooled Separate Account $1,499,138
T. Rowe Price Small Cap Stock Minnesota Life Insurance Company DFE: Pooled Separate Account $1,384,072
American Century Equity Inc R6 Minnesota Life Insurance Company DFE: Pooled Separate Account $1,272,349
Invesco Equity and Income, R5 Minnesota Life Insurance Company DFE: Pooled Separate Account $899,162
Vgd Wellesley Inc Admiral Minnesota Life Insurance Company DFE: Pooled Separate Account $830,188
Ivy Large Cap Growth Minnesota Life Insurance Company DFE: Pooled Separate Account $607,094
T. Rowe Price Mid Cap Val Fund Minnesota Life Insurance Company DFE: Pooled Separate Account $423,051
Amg Mngr Fairpointe Mid Cap I Minnesota Life Insurance Company DFE: Pooled Separate Account $255,008
Vanguard Interm Bond Idx Adm Minnesota Life Insurance Company DFE: Pooled Separate Account $216,380
Lazard Intl Strategic Eq Open Minnesota Life Insurance Company DFE: Pooled Separate Account $53,583
Invesco Intl Growth, R5 Minnesota Life Insurance Company DFE: Pooled Separate Account $43,101
Wells Fargo Special Sml Cp Val Minnesota Life Insurance Company DFE: Pooled Separate Account $0
Nuveen Winslow Lc Growth I Minnesota Life Insurance Company DFE: Pooled Separate Account $0
Total $49,024,201

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Minnesota Life Insurance Company 884
EIN 41-0417830
Industry Code 66168
Contract Number 65169
Contract Year 01/01/2017 — 12/31/2017
Value in General Account at Year End $2,677,365
Value in Separate Accounts at Year End $49,024,201
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 $3,081,956
Additions $491,463
Contributions Deposited during the year $171,994
Dividends and credits $0
Interest credited during the year $46,613
Transferred from separate account $229,408
Other $43,448
Total of Balance and Additions $3,573,419
Deductions $896,054
Disbursed from fund to pay benefits or purchase annuities during the year $755,090
Administration charge made by carrier $24,241
Transferred to Separate Account $97,685
Other $19,038
Balance at the end of the current year $2,677,365