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FORM 5500 DATA

Kamminga & Roodvoets, Inc. 401k Savings and Retirement Plan

Overview

Plan Information

  • Plan Year01/01/2006 — 12/31/2006
  • Date of Plan03/01/1985
  • Net Assets as of 12/31/2006 $15,370,190
  • 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 ArrangementInsurance Trust

Participant Information as of 12/31/2006

  • Active (Eligible) Participants276
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits30
  • Subtotal306
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total306
  • Total number of participants as of 01/01/2006266
  • Number of participants with account balances305
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested27
  • Number of participants required to be reported on Schedule SSA3

Expenses

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

Sponsor Information

  • Address3435 Broadmoor Ave SE
  • CityGrand Rapids
  • StateMI
  • Zip49512-2870
  • Telephone(616) 949-0800
  • EIN38-1808100
  • Industry Code237310
  • Named AdministratorKraig L. Klynstra
  • Named Plan SponsorKraig L. Klynstra

Plan Administrator Information

  • Administrator NameSAME
  • Administrator EIN

Audit Information

  • Audit StatusAudited
  • AuditorMonroe, Sweeris & Tromp
  • Auditor EIN38-2621598
  • 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.
2H Partial participant-directed account plan Participants have the opportunity to direct the investment of a portion of 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.

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 $525,000
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 $3,182,092
Contributions $1,479,627
Cash Contributions $1,479,627
Cash from Employers $711,206
Cash from Participants $768,421
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $1,702,465
Total Interest $5,854
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $5,854
Interest from Other Investments $0
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 $1,696,611
Real Estate $0
Other $1,696,611
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 $0
Other Income $0
Expenses $618,988
Total Benefit Payments $552,168
Directly to participants or beneficiaries, including direct rollovers $552,168
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 $66,820
Professional Fees $66,820
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $2,563,104
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 $15,370,271 $12,807,086 20.01%
Total noninterest-bearing cash $0 $59 -100.00%
Receivables $201,529 $131,470 53.29%
Employer Contributions $201,529 $131,470 53.29%
Participant Contributions $0 $0 0.0%
Other Contributions $0 $0 0.0%
General Investments $663,626 $411,587 61.24%
Interest-bearing cash $497,694 $306,839 62.20%
U.S. Government Securities $165,932 $104,748 58.41%
Corporate Debt Instruments $0 $0 0.0%
Preferred $0 $0 0.0%
All Other $0 $0 0.0%
Corporate Stocks $4,590,038 $3,835,802 19.66%
Preferred $0 $0 0.0%
Common $4,590,038 $3,835,802 19.66%
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 $71,307 $83,645 -14.75%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $8,051,314 $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 $0 $6,583,438 -100.00%
Value of funds held in insurance co. general account $1,349,238 $1,292,406 4.40%
Other Investments $443,219 $468,679 -5.43%
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 $81 $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) $81 $0 0.0%
Net Assets $15,370,190 $12,807,086 20.01%

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
Cap Trust Investment Management $0 $58,383 $58,383
Total $0 $58,383 $58,383

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Jh Lifestyle Growth John Hancock USA DFE: Pooled Separate Account $1,881,195
Jh Lifestyle Balanced John Hancock USA DFE: Pooled Separate Account $1,750,112
Jh Lifestyle Aggressive John Hancock USA DFE: Pooled Separate Account $1,151,129
Jh Lifestyle Moderate John Hancock USA DFE: Pooled Separate Account $640,228
Franklin Balance Sheet John Hancock USA DFE: Pooled Separate Account $242,439
Jh Templeton Foreign John Hancock USA DFE: Pooled Separate Account $232,239
Davis Ny Adventure John Hancock USA DFE: Pooled Separate Account $227,508
Jh Lifestyle Conservative John Hancock USA DFE: Pooled Separate Account $225,488
Lord Abbett Mid Cap Value John Hancock USA DFE: Pooled Separate Account $217,055
Jh Pimco Total Return John Hancock USA DFE: Pooled Separate Account $182,762
Money Market John Hancock USA DFE: Pooled Separate Account $153,013
Aim Constellation John Hancock USA DFE: Pooled Separate Account $150,992
500 Index Fund John Hancock USA DFE: Pooled Separate Account $141,741
Mutual Discovery John Hancock USA DFE: Pooled Separate Account $121,142
Jh Excelsior Value & Restruct John Hancock USA DFE: Pooled Separate Account $107,731
Franklin Small Mid Growth John Hancock USA DFE: Pooled Separate Account $106,250
Mid Cap Indes Fund John Hancock USA DFE: Pooled Separate Account $85,617
Jh Fidelity Advisor Div Grwth John Hancock USA DFE: Pooled Separate Account $64,310
Jh Small Cap Index Fund John Hancock USA DFE: Pooled Separate Account $55,947
Jh Equity Index Fund John Hancock USA DFE: Pooled Separate Account $53,373
Jh American Funds Balanced John Hancock USA DFE: Pooled Separate Account $42,869
Jh Short Term Federal John Hancock USA DFE: Pooled Separate Account $40,102
Jh Emerging Growth Fund John Hancock USA DFE: Pooled Separate Account $39,273
Calamos Growth John Hancock USA DFE: Pooled Separate Account $27,445
Royce Opportunity John Hancock USA DFE: Pooled Separate Account $23,758
Jh Piomco All Asset John Hancock USA DFE: Pooled Separate Account $15,630
Jh John Hancock Classic Value John Hancock USA DFE: Pooled Separate Account $12,155
Jh Explorer John Hancock USA DFE: Pooled Separate Account $10,575
Strategic Inc. John Hancock USA DFE: Pooled Separate Account $5,732
Jh Munder Small-Cap Value John Hancock USA DFE: Pooled Separate Account $3,602
Total $8,011,412

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock Financial (USA) 201
EIN 01-0233346
Industry Code 65838
Contract Number 19544
Contract Year 01/01/2006 — 12/31/2006
Value in General Account at Year End $0
Value in Separate Accounts at Year End $8,275,553
Insurance Fees and Commissions $35,247
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Wachovia Insurance Services 170 College Suite 100 Holland, MI 49423 Agent or Broker other than Insurance $15,669 $0
Wachovia Insurance Services 170 College Suite 100 Holland, MI 49423 Agent or Broker other than Insurance $15,669 $0
Kdp Retirement Plan Services 3060 Lake Eastbrook Blvd SE Grand Rapids, MI 49512 Third Party Administrator $0 $3,909 TPA COMP NOT PAID FROM CONTRACT PAID BY MANULIFE
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 $0
Additions $0
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $0
Transferred from separate account $0
Other $0
Total of Balance and Additions $0
Deductions $0
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $0
Nationwide Life Insurance Company 0
EIN 31-4156830
Industry Code 66869
Contract Number GAP-EJ-BS86
Contract Year 01/01/2006 — 12/31/2006
Value in General Account at Year End $1,349,238
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $3,293
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Companies Agency, Inc. Po Box 8017 Wasau, WI 54402 -8017 Insurance Agent or Broker $3,293 $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 Guaranteed Investment
Balance at the end of the previous year $1,292,406
Additions $64,898
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $64,898
Transferred from separate account $0
Other $0
Total of Balance and Additions $1,357,304
Deductions $8,066
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $8,066
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $1,349,238