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FORM 5500 DATA

A.L. Schutzman Company, Inc. 401k Profit Sharing Plan

Overview

Plan Information

  • Plan Year01/01/2017 — 12/31/2017
  • Date of Plan01/01/1987
  • Net Assets as of 12/31/2017 $7,062,750
  • Plan Number2
  • 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 12/31/2017

  • Active (Eligible) Participants145
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits24
  • Subtotal169
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total169
  • Total number of participants as of 01/01/2017155
  • Number of participants with account balances125
  • 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

  • AddressN21 W23560 Ridgeview Parkway West
  • CityWaukesha
  • StateWI
  • Zip53188
  • Telephone(262) 832-8232
  • EIN39-0602420
  • Industry Code424400
  • Named AdministratorJoel Knudson

Audit Information

  • Audit StatusAudited
  • AuditorSikich LLP
  • Auditor EIN36-3168081
  • 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.

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 $400,000
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? Yes
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? Yes

Financials

Income and Expense Statement

Income $1,314,808
Contributions $479,169
Cash Contributions $479,169
Cash from Employers $48,643
Cash from Participants $358,476
Others (including rollovers) $72,050
Noncash Contributions $0
Total Earnings on Investments $832,982
Total Interest $8,017
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $1,963
Interest from Other Investments $6,054
Total Dividends $120,909
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 $26
Net investment gain (loss) from pooled separate accounts $504,606
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 $199,424
Other Income $2,657
Expenses $663,859
Total Benefit Payments $652,089
Directly to participants or beneficiaries, including direct rollovers $652,089
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 $11,770
Professional Fees $0
Contract Administrator Fees $11,770
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $650,949
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 $7,062,750 $6,411,801 10.15%
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 $47,141 $34,139 38.09%
Value of interest in common/collective trusts $2,994 $0 0.0%
Value of interest in pooled separate accounts $0 $5,541,022 -100.00%
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 $7,012,615 $0 0.0%
Value of funds held in insurance co. general account $0 $836,640 -100.00%
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 $7,062,750 $6,411,801 10.15%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Transamerica Retirement Solutions

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
Transamerica Life Insurance Company Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Investment management fees paid indirectly by plan, Float revenue, Recordkeeping fees, Other insurance wrap fees Recordkeeper $8,054 $0 $8,054
Sbhu Life Agency Inc Insurance agents and brokers, Insurance services, Insurance brokerage commissions and fees Broker $0 $8,043 $8,043
John Hancock Retirement Plan Servic Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Float revenue, Recordkeeping fees Retained By Employer $3,716 $0 $3,716
Total $11,770 $8,043 $19,813

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

Name Position Explanation
Schenck S.C. Auditor Routine Change In Audit Firm.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Putnam Stable Value Fund Putnam Fiduciary Trust Company DFE: Common/Collective Trust $2,994
Ivy Science & Technology Inv Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Loomis Sayles Investment Grade Bon Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Goldman Sachs Mid-Cap Opportunitie Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Ta Vanguard Small-Cap Index Ret Op Transamerica Life Insurance Company DFE: Pooled Separate Account $0
American Funds New Perspective Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Ta Vanguard Target Retirement 2020 Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Ta Vanguard Target Retirement 2030 Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Ta Vanguard Target Retirement 2040 Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Ta Vanguard Target Retirement 2050 Transamerica Life Insurance Company DFE: Pooled Separate Account $0
State Street Emerging Markets Inde Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Transamerica Smallmid Cap Value R Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Ta Vanguard Target Retirement 2055 Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Ab High Income Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Fidelity Advisor Leveraged Company Transamerica Life Insurance Company DFE: Pooled Separate Account $0
American Funds Europacific Growth Transamerica Life Insurance Company DFE: Pooled Separate Account $0
American Funds Fundamental Investo Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Ridgeworth Ceredex Mid-Cap Value E Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Templeton Global Bond Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Ridgeworth Ceredex Large Cap Value Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Janus Triton Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Ta Vanguard Target Retirement 2060 Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Aegon Balanced Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Transamerica Partners Stock Index Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Ta Vanguard Target Retirement Inco Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Ta Vanguard Target Retirement 2015 Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Ta Vanguard Target Retirement 2025 Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Ta Vanguard Target Retirement 2045 Transamerica Life Insurance Company DFE: Pooled Separate Account $0
State Street S&P Mid Cap Index Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $0
American Funds Growth Fund of Amer Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Ta Vanguard Target Retirement 2035 Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Total $2,994

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Transamerica Life Insurance Company 0
EIN 36-6071399
Industry Code 70688
Contract Number 999860-000
Contract Year 01/01/2017 — 08/14/2017
Value in General Account at Year End $0
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $10,695
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Sbhu Life Agency Inc Thomas Parks Owing Mills, MD 21117 Insurance Agent or Broker $8,043 $0 N/A
Morgan Stanley Insurance Services Tina Wisialowski Jersey City, NJ 07311 Insurance Agent or Broker $894 $1,758 N/A
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 STABLE VALUE
Balance at the end of the previous year $836,640
Additions $31,612
Contributions Deposited during the year $7,333
Dividends and credits $0
Interest credited during the year $6,054
Transferred from separate account $17,915
Other $310
Total of Balance and Additions $868,252
Deductions $868,252
Disbursed from fund to pay benefits or purchase annuities during the year $865,837
Administration charge made by carrier $911
Transferred to Separate Account $0
Other $1,504
Balance at the end of the current year $0