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FORM 5500 DATA

E.K. Machine Company, Inc. Retirement Savings Plan

Overview

Plan Information

  • Plan Year10/01/2017 — 09/30/2018
  • Date of Plan10/01/1989
  • Net Assets as of 09/30/2018 $7,880,908
  • 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 09/30/2018

  • Active (Eligible) Participants134
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits34
  • Subtotal168
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total168
  • Total number of participants as of 10/01/2017145
  • Number of participants with account balances154
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested12

Expenses

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

Sponsor Information

  • AddressP.O. Box 57
  • CityFall River
  • StateWI
  • Zip53932
  • Telephone(920) 484-3700
  • EIN39-1221953
  • Industry Code332700

Audit Information

  • Audit StatusAudited
  • AuditorWegner CPAS
  • Auditor EIN39-0974031
  • 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 $1,000,000
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 $1,462,514
Contributions $569,444
Cash Contributions $569,444
Cash from Employers $171,391
Cash from Participants $387,641
Others (including rollovers) $10,412
Noncash Contributions $0
Total Earnings on Investments $893,070
Total Interest $7,680
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $7,680
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 $0
Real Estate $0
Other $0
Net investment gain (loss) from common/collective trusts $885,390
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 $444,089
Total Benefit Payments $437,954
Directly to participants or beneficiaries, including direct rollovers $437,954
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 $6,135
Professional Fees $0
Contract Administrator Fees $4,960
Investment Advisory and management fees $1,175
Other Administrative Fees $0
Net Income $1,018,425
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

09/30/2018 09/30/2017 Change YOY
Total Assets $7,880,908 $6,862,483 14.84%
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 $87,933 $102,934 -14.57%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $6,513,256 $5,610,944 16.08%
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 $0 0.0%
Value of funds held in insurance co. general account $1,279,719 $1,148,605 11.42%
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 $7,880,908 $6,862,483 14.84%

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

There are no service providers listed for this plan.

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
Sia-Od (Premier Global) Mass Mutual Life Ins. Co. DFE: Pooled Separate Account $934,450
Sia-W1 (Select Trp/Ls Blue Chip Gro Mass Mutual Life Insurance Co. DFE: Pooled Separate Account $922,832
Sia-Hw (Growth America) Mass Mutual Life Ins. Co. DFE: Pooled Separate Account $627,486
Sia-W8 (Equity Growth) Mass Mutual Life Insurance Company DFE: Pooled Separate Account $482,838
Sia-O6 (Rising Dividends) Mass Mutual Life Ins. Co. DFE: Pooled Separate Account $473,328
Sia-As (Prm Opp Fds Sm Cp Opp II Mass Mutual Life Insurance Co. DFE: Pooled Separate Account $405,987
Sia-Rd (Small Cap Discovery) Mass Mutual Life Ins. Co. DFE: Pooled Separate Account $398,640
Sia-Gd (Large-Cap Value) Mass Mutual Life Ins. Co. DFE: Pooled Separate Account $396,959
Sia-Ml (Capital Appreciation) Mass Mutual Life Ins. Co. DFE: Pooled Separate Account $307,396
Sia-Va (Equity & Income) Mass Mutual Life Insurance Company DFE: Pooled Separate Account $288,276
Sia-Lo (Retirement 2035) Mass Mutual Life Insurance Co. DFE: Pooled Separate Account $208,371
Sia-Cba (Atlanta Cap Smid-Cap) Mass Mutual Life Insurance Co. DFE: Pooled Separate Account $174,476
Sia-Mo (Retirement 2045) Mass Mutual Life Insurance Co. DFE: Pooled Separate Account $115,244
Sia-Vi (Leveraged Co Stck) Mass Mutual Life Insurance Company DFE: Pooled Separate Account $100,949
Sia-O8 (Global Strategic Income) Mass Mutual Life Ins. Co. DFE: Pooled Separate Account $97,450
Sia-Pe (Select Strategic Bond) Mass Mutual Life Insurance Co. DFE: Pooled Separate Account $86,623
Sia-Vy (Cap World Grwth and Incm) Mass Mutual Life Insurance Co. DFE: Pooled Separate Account $86,588
Sia-Vx (New World) Mass Mutual Life Insurance Co. DFE: Pooled Separate Account $75,284
Sia-Oh (Global Opportunities) Mass Mutual Life Insurance Co. DFE: Pooled Separate Account $71,986
Sia-Jo (Retirement 2015) Mass Mutual Life Insurance Co. DFE: Pooled Separate Account $52,449
Sia-Cdk (Mid Cap Value) Mass Mutual Life Insurance Co. DFE: Pooled Separate Account $52,146
Sia-Ko (Retirement 2025) Mass Mutual Life Insurance Co. DFE: Pooled Separate Account $47,658
Sia-Za (Sycamore Sm Co Oppty) Mass Mutual Life Insurance Co. DFE: Pooled Separate Account $36,572
Sia-St (Retirement 2010) Mass Mutual Life Insurance Co. DFE: Pooled Separate Account $16,958
Sia-C2 (Real Estate) Mass Mutual Life Insurance Co. DFE: Pooled Separate Account $10,326
Sia-Crm (Retirement 2060) Mass Mutual Life Ins. Co. DFE: Pooled Separate Account $10,215
Sia-Ru (Utilities) Mass Mutual Life Insurance Co. DFE: Pooled Separate Account $8,133
Sia-Dh (Premier High Yield) Mass Mutual Life Insurance Co. DFE: Pooled Separate Account $7,716
Sia-Ut (Retirement 2050) Mass Mutual Life Ins. Co. DFE: Pooled Separate Account $7,619
Sia-No (Retirement 2055) Mass Mutual Life Ins. Co. DFE: Pooled Separate Account $6,757
Sia-Zt (Mm Sl T.Row Price Ret 2040) Mass Mutual Life Insurance Co. DFE: Pooled Separate Account $1,544
Sia-Xt (Retirement 2030) Mass Mutual Life Ins. Co. DFE: Pooled Separate Account $0
Sia-Dy (Adv Smmid Cap Val) Mass Mutual Life Ins. Co. DFE: Pooled Separate Account $0
Sia-Fj (Adv Dow Jones Trg Tday Ii) Mass Mutual Life Ins. Co. DFE: Pooled Separate Account $0
Sia-Hj (Adv Dow Jones Trgt 2015Ii) Mass Mutual Life Ins.Co. DFE: Pooled Separate Account $0
Sia-Jj (Adv Dow Jones Trgt 2025Ii) Mass Mutual Life Ins. Co. DFE: Pooled Separate Account $0
Sia-Mj (Adv Dow Jones Trgt 2035Ii) Mass Mutual Life Ins. Co. DFE: Pooled Separate Account $0
Sia-Ol (Nfj International Value) Mass Mutual Life Ins. Co. DFE: Pooled Separate Account $0
Sia-Sj (Adv Dow Jones Trgt 2045Ii) Mass Mutual Life Insurance Company DFE: Pooled Separate Account $0
Sia-Ti (Mid Cap Value) Mass Mutual Life Insurance Company DFE: Pooled Separate Account $0
Sia-Ua (Emerging Markets Equity) Mass Mutual Life Insurance Company DFE: Pooled Separate Account $0
Sia-Wr (Int'L New Discovery) Mass Mutual Life Insurance Co. DFE: Pooled Separate Account $0
Sia-Ww (Nfj Small Cap Value) Mass Mutual Life Insurance Co. DFE: Pooled Separate Account $0
Total $6,513,256

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Mass Mutual Life Insurance Company 0
EIN 04-1590850
Industry Code 65935
Contract Number RM 82022-1-1-1
Contract Year 10/01/2017 — 09/30/2018
Value in General Account at Year End $0
Value in Separate Accounts at Year End $6,513,256
Insurance Fees and Commissions $37,012
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
David W Smith 1909 11th Ave Monroe, WI 53566 Insurance Agent or Broker $22,207 $0
Jason C Smith 1909 11th Ave Monroe, WI 53566 Insurance Agent or Broker $14,805 $0
Allocated Funds
Type of Contract Unspecified
Basis of premium rates Not Applicable To Mmrs Dc Plans
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 GROUP ANNUITY CONTRACT
Balance at the end of the previous year $1,148,607
Additions $705,425
Contributions Deposited during the year $559,049
Dividends and credits $0
Interest credited during the year $35,691
Transferred from separate account $38,610
Other $72,075
Total of Balance and Additions $1,854,032
Deductions $574,312
Disbursed from fund to pay benefits or purchase annuities during the year $65,141
Administration charge made by carrier $5,148
Transferred to Separate Account $496,636
Other $7,387
Balance at the end of the current year $1,279,720