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Overview

Plan Information

  • Plan Year01/01/2009 — 12/31/2009
  • Date of Plan06/01/1989
  • Net Assets as of 12/31/2009 $3,698,346
  • 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 12/31/2009

  • Active (Eligible) Participants163
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits42
  • Subtotal205
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits2
  • Total207
  • Total number of participants as of 01/01/2009198
  • Number of participants with account balances156
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested17

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 NameDuratech Industries
  • Address3216 Commerce St
  • CityLa Crosse
  • StateWI
  • Zip54603-1710
  • Telephone(608) 781-2570
  • Administrator EIN39-1286262

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.
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 $772,169
Contributions $246,884
Cash Contributions $246,884
Cash from Employers $12,904
Cash from Participants $233,980
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $526,288
Total Interest $5,969
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 $5,969
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 $520,319
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 $-1,003
Expenses $729,855
Total Benefit Payments $723,711
Directly to participants or beneficiaries, including direct rollovers $723,711
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 $6,144
Professional Fees $0
Contract Administrator Fees $6,144
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $42,314
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2009 12/31/2008 Change YOY
Total Assets $3,698,346 $3,656,032 1.16%
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 $0 $0 0.0%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $3,507,412 $3,433,339 2.16%
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 $190,934 $222,693 -14.26%
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 $3,698,346 $3,656,032 1.16%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Principal Life Insurance Company

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
Principal Life Insurance Company Contract Administrator, Recordkeeping fees Contract Administrator $6,142 $0 $6,142
Total $6,142 $0 $6,142

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
Prin Money Market Sep Acct-R6 Principal Life Insurance Company DFE: Pooled Separate Account $1,011,259
Prin Lifetime 2030 Sep Acct-R6 Principal Life Insurance Company DFE: Pooled Separate Account $401,427
Prin Intl Emerg Markets Sa-R6 Principal Life Insurance Company DFE: Pooled Separate Account $381,999
Prin Lifetime 2020 Sep Acct-R6 Principal Life Insurance Company DFE: Pooled Separate Account $301,341
Prin Lifetime 2040 Sep Acct-R6 Principal Life Insurance Company DFE: Pooled Separate Account $213,230
Prin Diversified Intl Sa-R6 Principal Life Insurance Company DFE: Pooled Separate Account $165,400
Prin Lgcap S&P 500 Index Sa-R6 Principal Life Insurance Company DFE: Pooled Separate Account $139,055
Prin Bond and Mortgage Sa-R6 Principal Life Insurance Company DFE: Pooled Separate Account $106,373
Prin Midcap Value I Sa-R6 Principal Life Insurance Company DFE: Pooled Separate Account $95,647
Prin Intl Smallcap Sep Acct-R6 Principal Life Insurance Company DFE: Pooled Separate Account $85,957
Prin Lgcap Growth Sep Acct-R6 Principal Life Insurance Company DFE: Pooled Separate Account $84,339
Prin Lifetime 2050 Sep Acct-R6 Principal Life Insurance Company DFE: Pooled Separate Account $78,955
Prin Midcap Growth III Sa-R6 Principal Life Insurance Company DFE: Pooled Separate Account $55,475
Prin Smcap S&P 600 Index Sa-R6 Principal Life Insurance Company DFE: Pooled Separate Account $46,883
Prin Lgcap Blend I Sep Acct-R6 Principal Life Insurance Company DFE: Pooled Separate Account $40,234
Prin Lifetime 2010 Sep Acct-R6 Principal Life Insurance Company DFE: Pooled Separate Account $38,772
Prin Total Mkt Stock Idx Sa-R6 Principal Life Insurance Company DFE: Pooled Separate Account $32,970
Prin Midcap Value III Sa-R6 Principal Life Insurance Company DFE: Pooled Separate Account $31,347
Prin Lifetime Strat Inc Sa-R6 Principal Life Insurance Company DFE: Pooled Separate Account $30,375
Prin Smallcap Growth II Sa-R6 Principal Life Insurance Company DFE: Pooled Separate Account $29,189
Prin Smcap Blend Sep Acct-R6 Principal Life Insurance Company DFE: Pooled Separate Account $29,012
Prin U.S. Property Sep Acct-R6 Principal Life Insurance Company DFE: Pooled Separate Account $28,003
Prin Smcap Growth Sep Acct-R6 Principal Life Insurance Company DFE: Pooled Separate Account $24,069
Prin Smallcap Value II Sa-R6 Principal Life Insurance Company DFE: Pooled Separate Account $15,193
Prin Lifetime 2025 Sep Acct-R6 Principal Life Insurance Company DFE: Pooled Separate Account $13,626
Prin Midcap Growth Sep Acct-R6 Principal Life Insurance Company DFE: Pooled Separate Account $8,452
Prin Lgcap Value Sep Acct-R6 Principal Life Insurance Company DFE: Pooled Separate Account $6,892
Prin Largecap Growth II Sa-R6 Principal Life Insurance Company DFE: Pooled Separate Account $6,310
Prin Lifetime 2035 Sep Acct-R6 Principal Life Insurance Company DFE: Pooled Separate Account $2,973
Prin Stock Emph Bal Sep Act-R6 Principal Life Insurance Company DFE: Pooled Separate Account $1,897
Prin Lifetime 2015 Sep Acct-R6 Principal Life Insurance Company DFE: Pooled Separate Account $632
Prin Lifetime 2045 Sep Acct-R6 Principal Life Insurance Company DFE: Pooled Separate Account $126
Prin Smallcap Value III Sa-R6 Principal Life Insurance Company DFE: Pooled Separate Account $0
Prin Midcap Value II Sa-R6 Principal Life Insurance Company DFE: Pooled Separate Account $0
Prin Midcap Growth II Sa-R6 Principal Life Insurance Company DFE: Pooled Separate Account $0
Total $3,507,412

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Principal Life Insurance Company 207
EIN 42-0127290
Industry Code 61271
Contract Number 386757
Contract Year 01/01/2009 — 12/31/2009
Value in General Account at Year End $190,934
Value in Separate Accounts at Year End $3,507,412
Insurance Fees and Commissions $4,478
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 $3,731 $379 REFERRAL/SERVICE FEE
Royal Alliance Associates Inc 1 World Financial Ctr New York, NY 10281 -2100 Insurance Agent or Broker $0 $368 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 FLEXIBLE INVESTMENT ANNUITY
Balance at the end of the previous year $222,693
Additions $12,398
Contributions Deposited during the year $6,142
Dividends and credits $0
Interest credited during the year $5,969
Transferred from separate account $287
Other $0
Total of Balance and Additions $235,091
Deductions $43,154
Disbursed from fund to pay benefits or purchase annuities during the year $41,025
Administration charge made by carrier $413
Transferred to Separate Account $1,716
Other $0
Balance at the end of the current year $191,937