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FORM 5500 DATA

A&B Process Systems Corp 401k Profit Sharing Plan

Overview

Plan Information

  • Plan Year05/01/2013 — 04/30/2014
  • Date of Plan05/01/1990
  • Net Assets as of 04/30/2014 $12,951,194
  • 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 04/30/2014

  • Active (Eligible) Participants401
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits24
  • Subtotal425
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total425
  • Total number of participants as of 05/01/2013421
  • Number of participants with account balances273
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested14

Expenses

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

Sponsor Information

  • Address201 S Wisconsin Ave P.O. Box 86
  • CityStratford
  • StateWI
  • Zip54484
  • Telephone(715) 687-4332
  • EIN39-1216094
  • Industry Code339900
  • Named AdministratorLaura Strek

Audit Information

  • Audit StatusAudited
  • AuditorWipfli LLP
  • Auditor EIN39-0758449
  • 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.
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 $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 $2,626,184
Contributions $1,243,921
Cash Contributions $1,243,921
Cash from Employers $256,870
Cash from Participants $873,103
Others (including rollovers) $113,948
Noncash Contributions $0
Total Earnings on Investments $1,382,263
Total Interest $6,810
Interest-Bearing Cash $39
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $6,771
Interest from Other Investments $0
Total Dividends $300,069
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 $1,075,384
Other Income $0
Expenses $960,744
Total Benefit Payments $887,851
Directly to participants or beneficiaries, including direct rollovers $887,851
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $10,687
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $62,206
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $58,006
Other Administrative Fees $4,200
Net Income $1,665,440
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

04/30/2014 04/30/2013 Change YOY
Total Assets $12,951,194 $11,285,754 14.76%
Total noninterest-bearing cash $0 $1,355 0.0%
Receivables $0 $13,402 0.0%
Employer Contributions $0 $0 0.0%
Participant Contributions $0 $13,402 0.0%
Other Contributions $0 $0 0.0%
General Investments $367,589 $0 0.0%
Interest-bearing cash $367,589 $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 $197,073 $159,168 23.81%
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 $12,386,532 $11,094,770 11.64%
Value of funds held in insurance co. general account $0 $17,059 -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 $12,951,194 $11,285,754 14.76%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Baird
  • Blackrock
  • Fidelity Investments
  • Harbor
  • John Hancock
  • Jp Morgan
  • Lazard
  • LSV
  • Oppenheimer
  • Prudential
  • T. Rowe Price
  • Franklin Templeton
  • Vanguard

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
Woodtrust Bank, N.A. Recordkeeping and information management (computing, tabulating, data processing, etc.), Custodial (securities), Trustee (bank, trust company, or similar financial institution), Investment advisory (plan) NONE $62,206 $0 $62,206
SEI Other services NONE $0 $0 $0
Total $62,206 $0 $62,206

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
SEI Blackrock Other services Range of 0.00 - 0.15% of Average Daily Balance of Assets Platform Expenses - Estimated But Not Quantifiable $0
SEI Harbor Other services Range of 0.00 - 0.10% of Average Daily Balance of Assets Platform Expenses - Estimated But Not Quantifiable $0
SEI Lazard Other services Range of 0.00 - 0.10% of Average Daily Balance of Assets Platform Expenses - Estimated But Not Quantifiable $0
SEI Franklin Templeton Other services Range of 0.00 - 0.15% of Average Daily Balance of Assets Platform Expenses - Estimated But Not Quantifiable $0
*As outlined by the Form 5500 Instructions for service providers with indirect compensation.

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
Hermans & Associates, CPA's, S.C. Auditor Conflict of Interest - Wipfli LLP, Curent Auditor Was Recordkeeper for for The 2012 Plan Year. When Recordkeeping Services Transferred Wipfli, LLP Was Retained as Auditor.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Total Stock Market Index Fund John Hancock USA DFE: Pooled Separate Account $0
Small Cap Growth Index John Hancock USA DFE: Pooled Separate Account $0
Short-Term Federal John Hancock USA DFE: Pooled Separate Account $0
Science & Technology Fund John Hancock USA DFE: Pooled Separate Account $0
Royce Opportunity John Hancock USA DFE: Pooled Separate Account $0
Retirement Living At 2050 John Hancock USA DFE: Pooled Separate Account $0
Retirement Living At 2045 John Hancock USA DFE: Pooled Separate Account $0
Retirement Living At 2040 John Hancock USA DFE: Pooled Separate Account $0
Retirement Living At 2035 John Hancock USA DFE: Pooled Separate Account $0
Retirement Living At 2030 John Hancock USA DFE: Pooled Separate Account $0
Retirement Living At 2015 John Hancock USA DFE: Pooled Separate Account $0
Retirement Living At 2010 John Hancock USA DFE: Pooled Separate Account $0
Real Est Securities Fund John Hancock USA DFE: Pooled Separate Account $0
Pimco Total Return John Hancock USA DFE: Pooled Separate Account $0
Pimco Real Return John Hancock USA DFE: Pooled Separate Account $0
Pimco Global Bond John Hancock USA DFE: Pooled Separate Account $0
Pimco All Asset John Hancock DFE: Pooled Separate Account $0
Oppenheimer Global John Hancock USA DFE: Pooled Separate Account $0
Small Cap Index Fund John Hancock USA DFE: Pooled Separate Account $0
Small Cap Value Fund John Hancock USA DFE: Pooled Separate Account $0
Legg Mason Clearbridge Aggre Gr John Hancock USA DFE: Pooled Separate Account $0
Small Cap Opportunities Fund John Hancock USA DFE: Pooled Separate Account $0
Franklin Small Mid Cap Growth Fund John Hancock USA DFE: Pooled Separate Account $0
Small Cap Growth Fund John Hancock USA DFE: Pooled Separate Account $0
Mutual Beacon Fund John Hancock USA DFE: Pooled Separate Account $0
Retirement Living 2025 John Hancock USA DFE: Pooled Separate Account $0
Retirement Living 2020 John Hancock USA DFE: Pooled Separate Account $0
Washington Mutual Investors John Hancock USA DFE: Pooled Separate Account $0
Total Bond Market Fund John Hancock USA DFE: Pooled Separate Account $0
The Growth Fund of America John Hancock USA DFE: Pooled Separate Account $0
Templeton World John Hancock USA DFE: Pooled Separate Account $0
T. Rowe Price Spectrum Inc. John Hancock USA DFE: Pooled Separate Account $0
T. Rowe Price Sci & Tech John Hancock USA DFE: Pooled Separate Account $0
T. Rowe Price Health Sci John Hancock USA DFE: Pooled Separate Account $0
T. Rowe Price Equity Inc. John Hancock USA DFE: Pooled Separate Account $0
Strategic Income Opp Fund John Hancock USA DFE: Pooled Separate Account $0
Small Cap Value Index John Hancock USA DFE: Pooled Separate Account $0
Oppenheimer Developing Mkt John Hancock USA DFE: Pooled Separate Account $0
Mutual Global Discovery John Hancock USA DFE: Pooled Separate Account $0
Fundamental All Cap Core Fund John Hancock USA DFE: Pooled Separate Account $0
Financial Services Fund John Hancock USA DFE: Pooled Separate Account $0
Explorer John Hancock USA DFE: Pooled Separate Account $0
Europacific Growth Fund John Hancock USA DFE: Pooled Separate Account $0
Energy John Hancock USA DFE: Pooled Separate Account $0
Domini Social Equity John Hancock USA DFE: Pooled Separate Account $0
Dfa Us Small Cap Fund John Hancock USA DFE: Pooled Separate Account $0
Dfa International Value John Hancock USA DFE: Pooled Separate Account $0
Dfa Emerging Markets Value John Hancock USA DFE: Pooled Separate Account $0
Davis Ny Venture John Hancock USA DFE: Pooled Separate Account $0
Columbia Mid Cap Value John Hancock USA DFE: Pooled Separate Account $0
Capital Appreciation Fund John Hancock USA DFE: Pooled Separate Account $0
Blue Chip Growth Fund John Hancock USA DFE: Pooled Separate Account $0
Blackrock Global Allocation John Hancock USA DFE: Pooled Separate Account $0
American Century Heritage John Hancock USA DFE: Pooled Separate Account $0
American Balanced Fund John Hancock USA DFE: Pooled Separate Account $0
All Cap Value Fund John Hancock USA DFE: Pooled Separate Account $0
High Yield Fund John Hancock USA DFE: Pooled Separate Account $0
Invesco International Growth Fund John Hancock USA DFE: Pooled Separate Account $0
Money Market Fund John Hancock USA DFE: Pooled Separate Account $0
Mid Value Fund John Hancock USA DFE: Pooled Separate Account $0
Mid Cap Stock Fund John Hancock USA DFE: Pooled Separate Account $0
Mid Cap Index Fund John Hancock USA DFE: Pooled Separate Account $0
Mfs Utilities John Hancock USA DFE: Pooled Separate Account $0
Lifestyle Moderated John Hancock USA DFE: Pooled Separate Account $0
Lifestyle Growth John Hancock USA DFE: Pooled Separate Account $0
Lifestyle Conservative John Hancock USA DFE: Pooled Separate Account $0
Lifestyle Balanced John Hancock USA DFE: Pooled Separate Account $0
Lifestyle Aggressive John Hancock USA DFE: Pooled Separate Account $0
Jpm Midcap Value Fund John Hancock USA DFE: Pooled Separate Account $0
John Hancock Disciplined Value John Hancock USA DFE: Pooled Separate Account $0
Investment Company of America John Hancock USA DFE: Pooled Separate Account $0
Inv Small Cap Growth John Hancock USA DFE: Pooled Separate Account $0
Intl Small Cap Fund John Hancock USA DFE: Pooled Separate Account $0
Intl Equity Index Fund John Hancock USA DFE: Pooled Separate Account $0
International Value Fund John Hancock USA DFE: Pooled Separate Account $0
500 Index Fund John Hancock USA DFE: Pooled Separate Account $0
Total $0

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock Life Insurance Company 0
EIN 01-0233346
Industry Code 65838
Contract Number 35295
Contract Year 05/01/2013 — 04/30/2014
Value in General Account at Year End $0
Value in Separate Accounts at Year End $0
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 Guaranteed Investment
Balance at the end of the previous year $17,059
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 $17,059
Deductions $17,059
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 $17,059
Balance at the end of the current year $0