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Overview

Plan Information

  • Plan Year01/01/2017 — 12/31/2017
  • Date of Plan01/01/1994
  • Net Assets as of 12/31/2017 $8,958,979
  • 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 Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2017

  • Active (Eligible) Participants643
  • Retired or separated participants receiving benefits1
  • Other retired or separated participants entitled to future benefits65
  • Subtotal709
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits4
  • Total713
  • Total number of participants as of 01/01/2017719
  • Number of participants with account balances699
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested35

Expenses

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

Sponsor Information

  • Address655 West 13 Mile Road
  • CityMadison Heights
  • StateMI
  • Zip48071
  • Telephone(248) 723-0292
  • EIN38-3322462
  • Industry Code446130
  • Named AdministratorGail Elias

Audit Information

  • Audit StatusAudited
  • AuditorGeorge Johnson & Company
  • Auditor EIN38-2029668
  • Audit OpinionUnqualified
  • Audit Type Full 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.
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? 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 $15,000,000
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 $1,677,625
Contributions $486,329
Cash Contributions $486,329
Cash from Employers $486,329
Cash from Participants $0
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $1,182,513
Total Interest $9,231
Interest-Bearing Cash $4,381
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $4,850
Interest from Other Investments $0
Total Dividends $29,197
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 $1,015,346
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 $128,739
Other Income $8,783
Expenses $724,195
Total Benefit Payments $684,553
Directly to participants or beneficiaries, including direct rollovers $684,553
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 $39,642
Professional Fees $23,899
Contract Administrator Fees $15,743
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $953,430
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 $8,958,979 $8,005,549 11.91%
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 $109,598 $110,272 -0.61%
Value of interest in common/collective trusts $6,894,492 $6,079,141 13.41%
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 $1,874,833 $1,748,458 7.23%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $80,056 $67,678 18.29%
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 $8,958,979 $8,005,549 11.91%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Gwfs Equities Inc.
  • Jp Morgan Securities LLC

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
George Johnson & Company Accounting (including auditing), Direct payment from the plan NONE $17,399 $0 $17,399
Great-West Life & Annuity Insurance Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Direct payment from the plan, Shareholder servicing fees NONE $15,780 $0 $15,780
Towers Watson Delaware Inc. Consulting (general), Direct payment from the plan NONE $6,500 $0 $6,500
Total $39,679 $0 $39,679

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
Jpmorgan Smartretirement 2020 Fund Jpmorgan Chase Bank Na DFE: Common/Collective Trust $1,364,129
Jpmorgan Smartretirement 2030 Fund Jpmorgan Chase Bank Na DFE: Common/Collective Trust $1,170,571
Jpmorgan Smartretirement 2025 Fund Jpmorgan Chase Bank Na DFE: Common/Collective Trust $962,658
Jpmorgan Smartretirement 2035 Fund Jpmorgan Chase Bank Na DFE: Common/Collective Trust $859,768
Jpmorgan Smartretirement Income Jpmorgan Chase Bank Na DFE: Common/Collective Trust $831,499
Jpmorgan Smartretirement 2040 Fund Jpmorgan Chase Bank Na DFE: Common/Collective Trust $681,816
Jpmorgan Smartretirement 2050 Fund Jpmorgan Chase Bank Na DFE: Common/Collective Trust $408,888
Jpmorgan Smartretirement 2045 Fund Jpmorgan Chase Bank Na DFE: Common/Collective Trust $398,882
Jpmorgan Smartretirement 2055 Fund Jpmorgan Chase Bank Na DFE: Common/Collective Trust $176,703
Jpmorgan Smartretirement 2060 Fund Jp Morgan Chase Bank Na DFE: Common/Collective Trust $39,578
Total $6,894,492

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.