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FORM 5500 DATA

R & R Insurance Services, Inc. 401k Profit Sharing Plan

Overview

Plan Information

  • Plan Year01/01/2016 — 12/31/2016
  • Date of Plan01/01/1980
  • Net Assets as of 12/31/2016 $41,712,090
  • 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 12/31/2016

  • Active (Eligible) Participants179
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits38
  • Subtotal217
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total217
  • Total number of participants as of 01/01/2016199
  • Number of participants with account balances214
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested4

Expenses

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

Sponsor Information

  • Address1581 East Racine Ave.
  • CityWaukesha
  • StateWI
  • Zip53186-6826
  • Telephone(262) 574-7000
  • EIN39-1230987
  • Industry Code524210
  • Named AdministratorMichael Franz

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.
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 $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 $5,170,580
Contributions $2,489,248
Cash Contributions $2,489,248
Cash from Employers $978,616
Cash from Participants $1,249,816
Others (including rollovers) $260,816
Noncash Contributions $0
Total Earnings on Investments $2,563,346
Total Interest $7,734
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $7,734
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 $0
Net investment gain (loss) from pooled separate accounts $2,555,612
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 $117,986
Expenses $2,758,189
Total Benefit Payments $2,681,306
Directly to participants or beneficiaries, including direct rollovers $2,681,306
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $2,658
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $74,225
Professional Fees $1,005
Contract Administrator Fees $73,220
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $2,412,391
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2016 12/31/2015 Change YOY
Total Assets $41,712,090 $35,077,361 18.91%
Total noninterest-bearing cash $31,934 $21,226 50.45%
Receivables $700,000 $600,000 16.67%
Employer Contributions $700,000 $600,000 16.67%
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 $151,142 $215,437 -29.84%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $40,829,014 $34,240,698 19.24%
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 $0 $0 0.0%
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 $41,712,090 $35,077,361 18.91%

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

Name Nature of Service Relationship to Plan Sponsor Direct Compensation Paid by Plan Indirect Compensation Paid by Plan Total Compensation
John Hancock Life Insurance Company Recordkeeping and information management (computing, tabulating, data processing, etc.), Investment management, Shareholder servicing fees, Sub-transfer agency fees, Float revenue, Distribution (12b-1) fees Recordkeeper $73,218 $0 $73,218
Total $73,218 $0 $73,218

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
Jh Multimanager Growth Ls John Hancock USA DFE: Pooled Separate Account $6,471,758
Jh Multimanager Moderate Ls John Hancock USA DFE: Pooled Separate Account $4,326,350
Jh Multimanager Balanced Ls John Hancock USA DFE: Pooled Separate Account $3,211,902
Jh Multi-Index 2025 Preserv John Hancock USA DFE: Pooled Separate Account $2,696,150
Jh Multimanager Aggressive Ls John Hancock USA DFE: Pooled Separate Account $2,171,266
Jh Multimanager 2025 Lifetime John Hancock USA DFE: Pooled Separate Account $2,147,209
Jh Multi-Index 2020 Preserv John Hancock USA DFE: Pooled Separate Account $1,708,526
Jh Multimanager Conserv Ls John Hancock USA DFE: Pooled Separate Account $1,396,550
Fidelity Advisor Total Bond John Hancock USA DFE: Pooled Separate Account $1,123,019
Money Market Fund John Hancock USA DFE: Pooled Separate Account $909,967
Jh Multimanager 2030 Lifetime John Hancock USA DFE: Pooled Separate Account $647,665
500 Index Fund John Hancock USA DFE: Pooled Separate Account $628,805
Jh Multimanager 2020 Lifetime John Hancock USA DFE: Pooled Separate Account $628,629
Jh Multimanager 2035 Lifetime John Hancock USA DFE: Pooled Separate Account $595,053
T. Rowe Price Health Sci John Hancock USA DFE: Pooled Separate Account $519,836
Templeton Global Bond Fund John Hancock USA DFE: Pooled Separate Account $468,762
Strategic Income Opp Fund John Hancock USA DFE: Pooled Separate Account $430,532
Jh Multi-Index 2045 Preserv John Hancock USA DFE: Pooled Separate Account $414,107
T. Rowe Price Cap Appreciation John Hancock USA DFE: Pooled Separate Account $386,913
John Hancock Disciplined Value John Hancock USA DFE: Pooled Separate Account $363,763
Dfa U.S. Small Cap Fund John Hancock USA DFE: Pooled Separate Account $342,187
Oppenheimer Developing Mkt John Hancock USA DFE: Pooled Separate Account $332,675
Franklin Small-Mid Growth John Hancock USA DFE: Pooled Separate Account $323,134
Jpmorgan Midcap Value Fund John Hancock USA DFE: Pooled Separate Account $312,220
Oppenheimer Intl Growth Fund John Hancock USA DFE: Pooled Separate Account $302,560
Mid Value Fund John Hancock USA DFE: Pooled Separate Account $291,907
Small Cap Value Fund John Hancock USA DFE: Pooled Separate Account $273,066
Jh Multimanager 2040 Lifetime John Hancock USA DFE: Pooled Separate Account $270,712
Federated High Yield Bond John Hancock USA DFE: Pooled Separate Account $240,872
Amg Managers Fairpointe Midcap John Hancock USA DFE: Pooled Separate Account $216,165
T. Rowe Price Equity Inc John Hancock USA DFE: Pooled Separate Account $215,561
Blackrock Global Allocation John Hancock USA DFE: Pooled Separate Account $204,895
Pimco Real Return John Hancock USA DFE: Pooled Separate Account $192,261
Jh Multi-Index Income Preserv John Hancock USA DFE: Pooled Separate Account $191,590
Washington Mutual Investors John Hancock USA DFE: Pooled Separate Account $182,571
Parnassus Core Equity Fund John Hancock USA DFE: Pooled Separate Account $178,833
Lord Abbett Value Opps Fund John Hancock USA DFE: Pooled Separate Account $175,987
Pimco All Asset John Hancock USA DFE: Pooled Separate Account $163,457
Europacific Growth Fund John Hancock USA DFE: Pooled Separate Account $162,571
The Growth Fund of America John Hancock USA DFE: Pooled Separate Account $160,415
Fidelity Adv New Insights John Hancock USA DFE: Pooled Separate Account $158,037
Total Bond Market Fund John Hancock USA DFE: Pooled Separate Account $146,642
Jh Multi-Index 2035 Preserv John Hancock USA DFE: Pooled Separate Account $139,838
Templeton World John Hancock USA DFE: Pooled Separate Account $138,540
Total Stock Market Index Fund John Hancock USA DFE: Pooled Separate Account $137,831
Utilities Fund John Hancock USA DFE: Pooled Separate Account $135,511
Blackrock Basic Value John Hancock USA DFE: Pooled Separate Account $133,184
T. Rowe Price Sml Cap Val John Hancock USA DFE: Pooled Separate Account $132,818
Invesco Small Cap Growth John Hancock USA DFE: Pooled Separate Account $132,315
John Hancock Intl Growth John Hancock USA DFE: Pooled Separate Account $124,326
American Balanced Fund John Hancock USA DFE: Pooled Separate Account $121,062
Real Est. Securities Fund John Hancock USA DFE: Pooled Separate Account $120,759
Royce Opportunity John Hancock USA DFE: Pooled Separate Account $119,716
T. Rowe Price Sci & Tech John Hancock USA DFE: Pooled Separate Account $117,511
Oppenheimer Global John Hancock USA DFE: Pooled Separate Account $116,144
Vanguard Energy Fund John Hancock USA DFE: Pooled Separate Account $113,905
Jh Multi-Index 2050 Preserv John Hancock USA DFE: Pooled Separate Account $112,055
Jh Multi-Index 2030 Preserv John Hancock USA DFE: Pooled Separate Account $111,798
Active Bond Fund John Hancock USA DFE: Pooled Separate Account $111,371
Dfa International Value John Hancock USA DFE: Pooled Separate Account $107,483
U.S. Growth Fund John Hancock USA DFE: Pooled Separate Account $103,553
Blue Chip Growth Fund John Hancock USA DFE: Pooled Separate Account $102,805
Fidelity Contrafund John Hancock USA DFE: Pooled Separate Account $102,010
Equity Income Fund John Hancock USA DFE: Pooled Separate Account $94,974
American Century Heritage John Hancock USA DFE: Pooled Separate Account $92,611
New World Fund John Hancock USA DFE: Pooled Separate Account $91,479
Jh Multimanager 2045 Lifetime John Hancock USA DFE: Pooled Separate Account $87,864
Dfa Emerging Markets Value John Hancock USA DFE: Pooled Separate Account $87,410
Jpmorgan Us Equity Fund John Hancock USA DFE: Pooled Separate Account $84,286
U.S. High Yield Bond Fund John Hancock USA DFE: Pooled Separate Account $82,143
Fundamental Investors John Hancock USA DFE: Pooled Separate Account $80,696
Jh Multimanager 2050 Lifetime John Hancock USA DFE: Pooled Separate Account $80,554
Ft Founding Funds Allocation John Hancock USA DFE: Pooled Separate Account $78,894
Clearbridge Aggressive Growth John Hancock USA DFE: Pooled Separate Account $77,595
High Yield Fund John Hancock USA DFE: Pooled Separate Account $72,795
Value Fund John Hancock USA DFE: Pooled Separate Account $72,509
Tocqueville Gold Fund John Hancock USA DFE: Pooled Separate Account $71,219
Jh Multi-Index 2040 Preserv John Hancock USA DFE: Pooled Separate Account $70,050
New Perspective Fund John Hancock USA DFE: Pooled Separate Account $69,465
Jh Disciplined Value Intl Fund John Hancock USA DFE: Pooled Separate Account $66,207
Natural Resources Fund John Hancock USA DFE: Pooled Separate Account $64,580
Mid Cap Index Fund John Hancock USA DFE: Pooled Separate Account $57,141
Mutual Global Discovery John Hancock USA DFE: Pooled Separate Account $47,676
Oppenheimer Intl Bond John Hancock USA DFE: Pooled Separate Account $37,627
Pru Jennison Mid Growth Fund John Hancock USA DFE: Pooled Separate Account $36,060
Vanguard Value Index Fund John Hancock USA DFE: Pooled Separate Account $34,263
Vanguard Small Cap Grow Index John Hancock USA DFE: Pooled Separate Account $33,675
Massachusetts Investors Fund John Hancock USA DFE: Pooled Separate Account $32,728
Intl Small Cap Fund John Hancock USA DFE: Pooled Separate Account $30,754
Invesco International Growth John Hancock USA DFE: Pooled Separate Account $30,634
Smallcap World Fund John Hancock USA DFE: Pooled Separate Account $30,614
Jh Multi-Index 2055 Preserv John Hancock USA DFE: Pooled Separate Account $28,226
Capital World Growth & Income John Hancock USA DFE: Pooled Separate Account $26,363
Fidelity Adv Leveraged Co Stk John Hancock USA DFE: Pooled Separate Account $24,094
Capital Income Builder John Hancock USA DFE: Pooled Separate Account $23,796
All Cap Core Fund John Hancock USA DFE: Pooled Separate Account $23,186
Vanguard Mid-Cap Growth Etf John Hancock USA DFE: Pooled Separate Account $20,392
International Value Fund John Hancock USA DFE: Pooled Separate Account $16,118
Vanguard Small Cap Value Index John Hancock USA DFE: Pooled Separate Account $8,812
Keeley Small Cap Value John Hancock USA DFE: Pooled Separate Account $8,083
Vanguard Explorer Fund John Hancock USA DFE: Pooled Separate Account $6,436
Science & Technology Fund John Hancock USA DFE: Pooled Separate Account $5,897
Pimco Global Bond John Hancock USA DFE: Pooled Separate Account $5,262
Capital Appreciation Fund John Hancock USA DFE: Pooled Separate Account $5,186
Ivy Asset Strategy Fund John Hancock USA DFE: Pooled Separate Account $5,015
Vanguard Mid-Cap Value Etf John Hancock USA DFE: Pooled Separate Account $2,422
Vanguard Growth Index Fund John Hancock USA DFE: Pooled Separate Account $2,149
Us Government Securities John Hancock USA DFE: Pooled Separate Account $917
Income Fund of America John Hancock USA DFE: Pooled Separate Account $539
Total $40,829,011

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock Life Insurance Company 228
EIN 01-0233346
Industry Code 65838
Contract Number 101897
Contract Year 01/01/2016 — 12/31/2016
Value in General Account at Year End $0
Value in Separate Accounts at Year End $40,829,014
Insurance Fees and Commissions $103,451
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
1st Global Capital Corp 8150 North Global Expressway Dallas, TX 75206 Investment Manager/Adviser $72,343 $0
Ppg Retirement Plan Services 5525 Green Bay Road Kenosha, WI 53144 Third Party Administrator $0 $22,012 TPA COMPENSATION
R&R Insurance Services 1581 E Racine Ave Waukesha, WI 53186 Other $0 $9,094 AUDIT FEES
T. Rowe Price 100 East Pratt Street Baltimore, MD 21202 Investment Company/Mutual Fund $0 $2 REDEMPTION FEES
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 Unspecified
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