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Oconomowoc Residential Programs, Inc Employee Stock Ownership Plan


Plan Information

  • Plan Year01/01/2014 — 12/31/2014
  • Date of Plan01/01/2002
  • Net Assets as of 12/31/2014 $17,792,594
  • 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
  • Report Description This is an amended report.
  • Plan Funding Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2014

  • Active (Eligible) Participants1,056
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits264
  • Subtotal1,320
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits2
  • Total1,322
  • Total number of participants as of 01/01/20141,637
  • Number of participants with account balances1,265
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested121


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

Sponsor Information

  • Address1746 Executive Dr
  • CityOconomowoc
  • StateWI
  • Zip53066-4830
  • Telephone(262) 569-5515
  • EIN39-1510207
  • Industry Code623000
  • Named AdministratorSherrie Siglinsky
  • Named Plan SponsorSherrie Siglinsky

Audit Information

  • Audit StatusAudited
  • AuditorBdo USA
  • Auditor EIN13-5381590
  • Audit OpinionUnqualified
  • Audit Type Full 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.
2I Stock bonus A stock bonus plan is a type of profit-sharing by which a corporation uses its own stock to make contributions and distributions.
2O ESOP other than a leveraged ESOP An Employee Stock Ownership Plan (ESOP) is a type of employee benefit plan designed to invest primarily in employer stock.
2Q S Corporation ESOP The employer maintaining this Employee Stock Ownership Plan (ESOP) is an S Corporation.
3I Employer Securities Limitations Plan requiring that all or part of employer contributions be invested and held, at least for a limited period, in employer securities.

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? Yes
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


Income and Expense Statement

Income $5,721,600
Contributions $375,000
Cash Contributions $375,000
Cash from Employers $375,000
Cash from Participants $0
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $5,346,600
Total Interest $55
Interest-Bearing Cash $55
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $0
Interest from Other Investments $0
Total Dividends $1,573,270
Preferred Stock $0
Common Stock $1,573,270
Rents $0
Net gain (loss) on sale of assets $0
Aggregate Proceeds $0
Aggregate Carrying Amount $0
Total Unrealized Appreciation (depreciation) of assets $3,149,534
Real Estate $0
Other $3,149,534
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 $623,741
Other Income $0
Expenses $5,604,573
Total Benefit Payments $5,449,941
Directly to participants or beneficiaries, including direct rollovers $5,449,941
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 $154,632
Professional Fees $40,341
Contract Administrator Fees $92,810
Investment Advisory and management fees $21,481
Other Administrative Fees $0
Net Income $117,027
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $27,776

Asset and Liability Statement

12/31/2014 12/31/2013 Change YOY
Total Assets $17,876,418 $17,746,622 0.73%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $375,000 $378,134 -0.83%
Employer Contributions $375,000 $375,000 0.00%
Participant Contributions $0 $0 0.0%
Other Contributions $0 $3,134 -100.00%
General Investments $342,602 $12,715 2594.47%
Interest-bearing cash $342,602 $12,715 2594.47%
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 $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 $2,293,816 $6,225,773 -63.16%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $0 $0 0.0%
Employer-related Investments $14,865,000 $11,130,000 33.56%
Employer Securities $14,865,000 $11,130,000 33.56%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $83,824 $43,279 93.68%
Benefit Claims Payable (1) $0 $983 -100.00%
Operating Payables (1) $83,824 $42,296 98.18%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $17,792,594 $17,703,343 0.50%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Associated Wealth Management

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 Financial Group Recordkeeping and information management (computing, tabulating, data processing, etc.), Direct payment from the plan Recordkeeper/Bookkeeper $36,708 $0 $36,708
Professional Fiduciary Services LLC Named fiduciary, Direct payment from the plan Fiduciary Services $18,000 $0 $18,000
Bdo USA Accounting (including auditing), Direct payment from the plan Accountant $15,620 $0 $15,620
Reinhart, Boerner, Van Duren Legal, Direct payment from the plan Legal $14,051 $0 $14,051
Esi Enterprise Services, Inc. Valuation (appraisals, etc.), Direct payment from the plan Valuation Services $8,900 $0 $8,900
Total $93,279 $0 $93,279

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.



No investments information available for this plan.

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.