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FORM 5500 DATA

Karl's Transport, Inc. 401k Savings Plan

Overview

Plan Information

  • Plan Year01/01/2017 — 12/31/2017
  • Date of Plan01/01/1994
  • Net Assets as of 12/31/2017 $3,175,759
  • 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 12/31/2017

  • Active (Eligible) Participants143
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits8
  • Subtotal151
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total151
  • Total number of participants as of 01/01/2017146
  • Number of participants with account balances70
  • 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

  • Address975 Amron Avenue Po Box 333
  • CityAntigo
  • StateWI
  • Zip54409
  • Telephone(715) 623-2434
  • EIN39-1568443
  • Industry Code484120
  • Named AdministratorJil Schulz
  • Named Plan SponsorJil Schulz

Audit Information

  • Audit StatusAudited
  • AuditorKerberrose Sc
  • Auditor EIN39-1658423
  • 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.
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 $300,000
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 $827,212
Contributions $341,531
Cash Contributions $341,531
Cash from Employers $102,244
Cash from Participants $239,287
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $485,681
Total Interest $0
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 $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 $64,520
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 $421,161
Other Income $0
Expenses $679,785
Total Benefit Payments $651,689
Directly to participants or beneficiaries, including direct rollovers $651,689
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 $28,096
Professional Fees $0
Contract Administrator Fees $20,803
Investment Advisory and management fees $0
Other Administrative Fees $7,293
Net Income $147,427
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2017 12/31/2016 Change YOY
Total Assets $3,175,759 $3,028,332 4.87%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $16,032 $19,671 -18.50%
Employer Contributions $3,873 $6,583 -41.17%
Participant Contributions $12,159 $13,000 -6.47%
Other Contributions $0 $88 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 $1,851,368 0.0%
Value of interest in pooled separate accounts $3,159,727 $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 $0 $1,157,293 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 $3,175,759 $3,028,332 4.87%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • John Hancock USA

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.) Recordkeeper $400 $0 $400
Total $400 $0 $400

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

Name Position Explanation
Krause, Howard & Company Auditor Acquired By Kerberrose Sc

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Blackrock Lifepath Index 2030 John Hancock Life Insurance Company DFE: Pooled Separate Account $667,830
Blackrock Lifepath Index 2025 John Hancock Life Insurance Company DFE: Pooled Separate Account $583,565
Blackrock Lifepath Index 2040 John Hancock Life Insurance Company DFE: Pooled Separate Account $378,118
Blackrock Lifepath Index 2035 John Hancock Life Insurance Company DFE: Pooled Separate Account $348,144
Blackrock Lifepath Index 2045 John Hancock Life Insurance Company DFE: Pooled Separate Account $154,355
Vanguard Value Index Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $115,388
Blackrock Lifepath Index Ret John Hancock Life Insurance Company DFE: Pooled Separate Account $111,938
Blue Chip Growth Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $77,369
Federated High Yield Bond John Hancock Life Insurance Company DFE: Pooled Separate Account $70,463
Select Aa Balanced John Hancock Life Insurance Company DFE: Pooled Separate Account $70,459
John Hancock Bond Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $56,532
Vanguard Growth Index Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $49,344
Wisdomtree Midcap Dividend Etf John Hancock Life Insurance Company DFE: Pooled Separate Account $47,613
Blackrock Lifepath Index 2055 John Hancock Life Insurance Company DFE: Pooled Separate Account $43,636
Vanguard Small Cap Value Index John Hancock Life Insurance Company DFE: Pooled Separate Account $34,066
American Balanced Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $33,181
Mid Cap Index Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $31,249
Vanguard Tot Wld Stk Index Etf John Hancock Life Insurance Company DFE: Pooled Separate Account $24,185
New Perspective Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $23,744
Small Cap Value Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $22,232
Parnassus Core Equity Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $21,775
Mfs Emerging Markets Debt John Hancock Life Insurance Company DFE: Pooled Separate Account $15,746
Blackrock Lifepath Index 2020 John Hancock Life Insurance Company DFE: Pooled Separate Account $15,592
Strategic Income Opp Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $14,690
Small Cap Index Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $13,437
Wisdomtree Mc Earnings Etf John Hancock Life Insurance Company DFE: Pooled Separate Account $12,757
Washington Mutual Investors John Hancock Life Insurance Company DFE: Pooled Separate Account $12,629
Vanguard Small Cap Grow Index John Hancock Life Insurance Company DFE: Pooled Separate Account $12,393
Fundamental All Cap Core Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $11,464
Vanguard Mid-Cap Growth Etf John Hancock Life Insurance Company DFE: Pooled Separate Account $11,279
Jpmorgan Intrepid Mid Cap John Hancock Life Insurance Company DFE: Pooled Separate Account $10,153
Undiscovered Mgr Behavioral John Hancock Life Insurance Company DFE: Pooled Separate Account $8,369
Ishares Msci Eafe Value Etf John Hancock Life Insurance Company DFE: Pooled Separate Account $8,245
Dfa Intl Small Cap Value John Hancock Life Insurance Company DFE: Pooled Separate Account $8,131
Total Stock Market Index Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $6,018
T. Rowe Price Sci & Tech John Hancock Life Insurance Company DFE: Pooled Separate Account $4,903
500 Index Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $4,829
Blackrock Lifepath Index 2050 John Hancock Life Insurance Company DFE: Pooled Separate Account $4,708
Dfa Inflation-Protected Sec John Hancock Life Insurance Company DFE: Pooled Separate Account $4,629
Invesco Small Cap Growth John Hancock Life Insurance Company DFE: Pooled Separate Account $3,385
John Hancock Stable Val John Hancock Life Insurance Company DFE: Pooled Separate Account $1,701
Intl Equity Index Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $1,282
Real Est. Securities Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $698
John Hancock Intl Growth John Hancock Life Insurance Company DFE: Pooled Separate Account $621
Total Bond Market Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $256
New World Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $223
Money Market Common Trust Fund Associated Trust Company, N.A. DFE: Common/Collective Trust $0
Associated Aggressive Growth Life Associated Trust Company, N.A. DFE: Common/Collective Trust $0
Associated Growth Lifestage Fund Associated Trust Company, N.A. DFE: Common/Collective Trust $0
Associated Conservative Growth Life Associated Trust Company, N.A. DFE: Common/Collective Trust $0
Associated Growth Balanced Life Associated Trust Company, N.A. DFE: Common/Collective Trust $0
Associated Balanced Lifestage Fund Associated Trust Company, N.A. DFE: Common/Collective Trust $0
Associated Conservative Bal Life Associated Trust Company, N.A. DFE: Common/Collective Trust $0
Total $3,153,324

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock Life Insurance Company 0
EIN 01-0233346
Industry Code 65838
Contract Number 126917
Contract Year 01/31/2017 — 12/31/2017
Value in General Account at Year End $6,404
Value in Separate Accounts at Year End $3,153,323
Insurance Fees and Commissions $43,252
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Thrivent Insurance Agency 815 Superior Street Antigo, WI 54409 Insurance Agent or Broker $31,730 $0
Northwestern Wisconsin Associates 402 3Rd Street Wausau, WI 54403 Third Party Administrator $10,397 $1,125 TPA 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