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Overview

Plan Information

  • Plan Year01/01/2006 — 12/31/2006
  • Date of Plan06/01/1989
  • Net Assets as of 12/31/2006 $4,095,325
  • 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? No
  • Plan Funding ArrangementInsurance
  • Plan Benefit ArrangementInsurance

Participant Information as of 12/31/2006

  • Active (Eligible) Participants169
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits16
  • Subtotal185
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits1
  • Total186
  • Total number of participants as of 01/01/2006189
  • Number of participants with account balances154
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested11
  • Number of participants required to be reported on Schedule SSA5

Expenses

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

Sponsor Information

  • Address3216 Commerce St
  • CityLa Crosse
  • StateWI
  • Zip54603-1710
  • Telephone(608) 781-2570
  • EIN39-1286262
  • Industry Code323100
  • Named AdministratorDebra Cade
  • Named Plan SponsorDebra Cade

Plan Administrator Information

  • Administrator NameSAME
  • Administrator EIN

Audit Information

  • Audit StatusAudited
  • AuditorHawkins, Ash, Baptie & Company, LLP
  • Auditor EIN39-0912608
  • 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.
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.
3E Prototype plan A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion or notification letter; and under which a separate funding medium (for example, a separate trust or custodial account) is established for the use of each adopting employer.
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

Financials

Income and Expense Statement

Income $890,988
Contributions $316,288
Cash Contributions $316,288
Cash from Employers $60,142
Cash from Participants $256,146
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $574,749
Total Interest $6,203
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $0
Interest from Other Investments $6,203
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 $568,546
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 $-49
Expenses $128,783
Total Benefit Payments $125,309
Directly to participants or beneficiaries, including direct rollovers $125,309
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 $3,474
Professional Fees $0
Contract Administrator Fees $3,474
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $762,205
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2006 12/31/2005 Change YOY
Total Assets $4,095,325 $3,333,120 22.87%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $195 $3,045 -93.60%
Employer Contributions $195 $3,045 -93.60%
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 $0 $0 0.0%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $3,910,182 $3,150,701 24.11%
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 $184,948 $179,374 3.11%
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 $4,095,325 $3,333,120 22.87%

Service Providers

Service Providers

There are no service providers listed for this plan.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Principal Intl Em Mkt Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $844,280
Principal Intl Sm Co Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $479,092
Principal Divers Intl Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $301,413
Prin Lg Cp Stk Idx Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $251,264
Principal Lifetm 2040 Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $238,036
Principal Lifetm 2030 Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $173,527
Principal Bond and Mtg Sep Acc Principal Life Insurance Company DFE: Pooled Separate Account $147,146
Prin Ptr Sm-Cp Value Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $138,600
Principal Money Mkt Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $126,545
Principal Lifetm 2050 Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $111,980
Principal Lifetm 2010 Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $102,269
Principal Lifetm 2020 Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $99,094
Prin Ptr Md-Cp Value Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $90,064
Principal Med Co Val Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $84,513
Prin Ptnr Md-Cp Gr II Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $81,966
Prin Ptr Lg-Cap Value Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $78,030
Prin Ptr Lg-Cap Bld I Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $74,542
Prin Lifetm Str Inc Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $69,121
Principal Sm Co Blend Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $68,652
Prin Ptr Sm-Cp Gr II Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $62,126
Principal U.S. Property Sepact Principal Life Insurance Company DFE: Pooled Separate Account $46,782
Principal Sm Co Grwth Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $46,717
Principal Lg Co Grwth Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $30,475
Prin Ptr Lg-Cap Gr I Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $28,041
Principal Med Co Gr Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $25,911
Prin Sm Cap Stk Idx Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $25,847
Prin Ptr Md-Cp Gr I Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $25,352
Prin Ptr Lg-Cap Gr II Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $20,799
Prin Tot Mkt Stk Idx Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $13,355
Principal Sm Co Value Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $9,150
Principal Med Co Blnd Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $8,663
Prin Stock Emph Bal Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $5,299
Principal Bd Emph Bal Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $1,236
Principal Govt&Hqbnd Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $295
Total $3,910,182

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Principal Life Insurance Company 186
EIN 42-0127290
Industry Code 61271
Contract Number (3)86757
Contract Year 01/01/2006 — 12/31/2006
Value in General Account at Year End $184,948
Value in Separate Accounts at Year End $3,910,182
Insurance Fees and Commissions $6,293
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Michael J Flanagan 3033 E Main St Onalaska, WI 54650 -6718 Insurance Agent or Broker $4,692 $421 REFERRAL/SERVICE FEE
Flanagan Financial Inc 700 3Rd St N Ste 205 La Crosse, WI 54601 -3288 Insurance Agent or Broker $0 $1,180 PRORATED INCENTIVE, NOT DEDUCTED FROM 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
Balance at the end of the previous year $179,374
Additions $21,838
Contributions Deposited during the year $15,587
Dividends and credits $0
Interest credited during the year $6,203
Transferred from separate account $48
Other $0
Total of Balance and Additions $201,212
Deductions $16,264
Disbursed from fund to pay benefits or purchase annuities during the year $14,459
Administration charge made by carrier $393
Transferred to Separate Account $1,305
Other $107
Balance at the end of the current year $184,948