Back to top
FORM 5500 DATA

L.E. Jones Company Bargaining Unit 401k Plan

Overview

Plan Information

  • Plan Year01/01/2018 — 12/31/2018
  • Date of Plan07/01/1996
  • Net Assets as of 12/31/2018 $20,292,947
  • Plan Number4
  • 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
  • Plan Benefit ArrangementInsurance

Participant Information as of 12/31/2018

  • Active (Eligible) Participants249
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits41
  • Subtotal290
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits1
  • Total291
  • Total number of participants as of 01/01/2018267
  • Number of participants with account balances291
  • 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

  • Address1200 34th Avenue
  • CityMenominee
  • StateMI
  • Zip49858
  • Telephone(906) 863-4411
  • EIN38-1359401
  • Industry Code332900

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.
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 $503,719
Contributions $1,885,032
Cash Contributions $1,885,032
Cash from Employers $714,383
Cash from Participants $908,762
Others (including rollovers) $261,887
Noncash Contributions $0
Total Earnings on Investments $-1,381,313
Total Interest $30,389
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $28,822
Participant Loans $0
Interest from Other Investments $1,567
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 $-1,411,702
Other Income $0
Expenses $2,185,075
Total Benefit Payments $2,185,075
Directly to participants or beneficiaries, including direct rollovers $2,185,075
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 $0
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $-1,681,356
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $173,481

Asset and Liability Statement

12/31/2018 12/31/2017 Change YOY
Total Assets $20,292,947 $22,154,071 -8.40%
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 $555,163 $562,387 -1.28%
Value of interest in common/collective trusts $0 $0 0.0%
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 $19,587,083 $21,437,501 -8.63%
Value of funds held in insurance co. general account $150,701 $154,183 -2.26%
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 $6,287 -100.00%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $0 $6,287 -100.00%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $20,292,947 $22,147,784 -8.37%

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
John T. Toomey Associates, Inc Contract Administrator NONE $3,150 $0 $3,150
John Hancock Life Insurance Company Recordkeeping and information management (computing, tabulating, data processing, etc.) NONE $1,944 $0 $1,944
Kerber, Eck & Braeckel, LLP Accounting (including auditing) NONE $0 $0 $0
Total $5,094 $0 $5,094

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
Ls-Balance John Hancock Life Insurance Co. DFE: Pooled Separate Account $4,867,467
Ls-Growth John Hancock Life Insurance Co. DFE: Pooled Separate Account $3,785,525
Ls-Aggress John Hancock Life Insurance Co. DFE: Pooled Separate Account $2,050,442
Ls-Conserv John Hancock Life Insurance Co. DFE: Pooled Separate Account $1,180,590
Ls-Moderat John Hancock Life Insurance Co. DFE: Pooled Separate Account $787,915
Sci Tech John Hancock Life Insurance Co. DFE: Pooled Separate Account $765,170
Discipval John Hancock Life Insurance Co. DFE: Pooled Separate Account $623,259
Vs Cap App John Hancock Life Insurance Co. DFE: Pooled Separate Account $598,930
Contra John Hancock Life Insurance Co. DFE: Pooled Separate Account $530,127
Idx 500 John Hancock Life Insurance Co. DFE: Pooled Separate Account $500,521
Health Sci John Hancock Life Insurance Co. DFE: Pooled Separate Account $296,069
Vs Rests John Hancock Life Insurance Co. DFE: Pooled Separate Account $274,825
Develp Mkt John Hancock Life Insurance Co. DFE: Pooled Separate Account $267,709
Money John Hancock Life Insurance Co. DFE: Pooled Separate Account $238,368
Af Am Bal John Hancock Life Insurance Co. DFE: Pooled Separate Account $227,064
Small Val John Hancock Life Insurance Co. DFE: Pooled Separate Account $200,259
Energy John Hancock Life Insurance Co. DFE: Pooled Separate Account $179,645
Vs Str Inc John Hancock Life Insurance Co. DFE: Pooled Separate Account $148,828
Fid Total John Hancock Life Insurance Co. DFE: Pooled Separate Account $148,136
Vs Blucp John Hancock Life Insurance Co. DFE: Pooled Separate Account $142,601
Idx Mid John Hancock Life Insurance Co. DFE: Pooled Separate Account $124,991
Vs Utilit John Hancock Life Insurance Co. DFE: Pooled Separate Account $121,169
Heritage John Hancock Life Insurance Co. DFE: Pooled Separate Account $115,169
Inv Co Am John Hancock Life Insurance Co. DFE: Pooled Separate Account $114,413
Idx Small John Hancock Life Insurance Co. DFE: Pooled Separate Account $109,439
Af Washmut John Hancock Life Insurance Co. DFE: Pooled Separate Account $106,889
Sm-Md Grth John Hancock Life Insurance Co. DFE: Pooled Separate Account $103,877
Jpm Mcvalu John Hancock Life Insurance Co. DFE: Pooled Separate Account $96,635
Idx Intl John Hancock Life Insurance Co. DFE: Pooled Separate Account $92,835
Vs Sctec John Hancock Life Insurance Co. DFE: Pooled Separate Account $85,780
Europac John Hancock Life Insurance Co. DFE: Pooled Separate Account $84,442
Vs Hiyld John Hancock Life Insurance Co. DFE: Pooled Separate Account $82,207
Small Grth John Hancock Life Insurance Co. DFE: Pooled Separate Account $77,544
Global Bd John Hancock Life Insurance Co. DFE: Pooled Separate Account $71,049
Us Sml Cap John Hancock Life Insurance Co. DFE: Pooled Separate Account $47,631
Opportunty John Hancock Life Insurance Co. DFE: Pooled Separate Account $43,417
Trp Eq Inc John Hancock Life Insurance Co. DFE: Pooled Separate Account $41,035
Smcp Gr In John Hancock Life Insurance Co. DFE: Pooled Separate Account $37,412
Fund Lcv John Hancock Life Insurance Co. DFE: Pooled Separate Account $35,081
Vs Sml Val John Hancock Life Insurance Co. DFE: Pooled Separate Account $32,302
Discovery John Hancock Life Insurance Co. DFE: Pooled Separate Account $25,729
Vs Financl John Hancock Life Insurance Co. DFE: Pooled Separate Account $23,722
All Asset John Hancock Life Insurance Co. DFE: Pooled Separate Account $22,258
Vs It Vl John Hancock Life Insurance Co. DFE: Pooled Separate Account $21,125
Global John Hancock Life Insurance Co. DFE: Pooled Separate Account $19,129
Vs Midval John Hancock Life Insurance Co. DFE: Pooled Separate Account $15,302
Short Term John Hancock Life Insurance Co. DFE: Pooled Separate Account $14,038
Idx Total John Hancock Life Insurance Co. DFE: Pooled Separate Account $3,780
Real Rtrn John Hancock Life Insurance Co. DFE: Pooled Separate Account $3,302
Brglball John Hancock Life Insurance Co. DFE: Pooled Separate Account $1,932
Total $19,587,084

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock Life Insurance Co. 291
EIN 01-0233346
Industry Code 65838
Contract Number 51089
Contract Year 01/01/2018 — 12/31/2018
Value in General Account at Year End $0
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $46,341
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Nicolette Wealth Management 111 N. Washington Street Green Bay, WI 54301 Insurance Agent or Broker $43,191 $0
John T. Toomey Associates, Inc. 175 Derby Street Hingham, MA 02043 Third Party Administrator $0 $3,150
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 Unspecified
Balance at the end of the previous year $154,183
Additions $8,689
Contributions Deposited during the year $6,117
Dividends and credits $413
Interest credited during the year $1,533
Transferred from separate account $0
Other $626
Total of Balance and Additions $162,872
Deductions $12,171
Disbursed from fund to pay benefits or purchase annuities during the year $11,791
Administration charge made by carrier $380
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $150,701