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FORM 5500 DATA

Prince Corporation 401k Profit Sharing Plan and Trust

Overview

Plan Information

  • Plan Year01/01/2018 — 12/31/2018
  • Date of Plan07/01/1988
  • Net Assets as of 12/31/2018 $4,907,860
  • Plan Number3
  • 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 Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2018

  • Active (Eligible) Participants110
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits19
  • Subtotal129
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total129
  • Total number of participants as of 01/01/2018147
  • Number of participants with account balances92
  • 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

  • Address8351 County Hwy H East
  • CityMarshfield
  • StateWI
  • Zip54449
  • Telephone(715) 384-3105
  • EIN39-1882387
  • Industry Code481000
  • Named AdministratorJay Emling

Audit Information

  • Audit StatusAudited
  • AuditorCliftonlarsonallen LLP
  • Auditor EIN41-0746749
  • 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 $650,000
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 $357,075
Contributions $637,485
Cash Contributions $637,485
Cash from Employers $53,512
Cash from Participants $235,094
Others (including rollovers) $348,879
Noncash Contributions $0
Total Earnings on Investments $-280,410
Total Interest $4,648
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $3,081
Interest from Other Investments $1,567
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 $-285,058
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 $0
Expenses $854,117
Total Benefit Payments $845,441
Directly to participants or beneficiaries, including direct rollovers $845,441
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $27
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $8,649
Professional Fees $8,649
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $-497,042
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2018 12/31/2017 Change YOY
Total Assets $4,908,284 $5,404,902 -9.19%
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 $57,515 $71,292 -19.32%
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 $5,333,610 -100.00%
Value of interest in registered investment companies $4,850,769 $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 $424 $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) $424 $0 0.0%
Net Assets $4,907,860 $5,404,902 -9.20%

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
Cliftonlarsonallen LLP Accounting (including auditing) Auditor $0 $6,180 $6,180
John Hancock Life Insurance Company Recordkeeping and information management (computing, tabulating, data processing, etc.) Recordkeeper $889 $0 $889
Total $889 $6,180 $7,069

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 Multi-Index 2025 Preserv John Hancock USA DFE: Pooled Separate Account $951,868
Jh Multimanager Balanced Ls John Hancock USA DFE: Pooled Separate Account $475,584
American Balanced Fund John Hancock USA DFE: Pooled Separate Account $343,670
Jh Multi-Index 2020 Preserv John Hancock USA DFE: Pooled Separate Account $334,693
Jh Multimanager Conserv Ls John Hancock USA DFE: Pooled Separate Account $286,877
Jh Multi-Index 2045 Preserv John Hancock USA DFE: Pooled Separate Account $270,727
Jh Multimanager Moderate Ls John Hancock USA DFE: Pooled Separate Account $222,448
Jh Multimanager Growth Ls John Hancock USA DFE: Pooled Separate Account $218,391
Jh Multi-Index 2035 Preserv John Hancock USA DFE: Pooled Separate Account $208,089
Jh Multimanager 2030 Lifetime John Hancock USA DFE: Pooled Separate Account $196,154
Fidelity Advisor Total Bond John Hancock USA DFE: Pooled Separate Account $102,157
Jh Multi-Index 2030 Preserv John Hancock USA DFE: Pooled Separate Account $88,072
Vanguard Value Index Fund John Hancock USA DFE: Pooled Separate Account $75,208
Fidelity Contrafund John Hancock USA DFE: Pooled Separate Account $64,446
Jpmorgan U.S. Equity Fund John Hancock USA DFE: Pooled Separate Account $61,497
Fidelity Adv New Insights John Hancock USA DFE: Pooled Separate Account $61,353
Jh Multimanager 2025 Lifetime John Hancock USA DFE: Pooled Separate Account $60,562
New Perspective Fund John Hancock USA DFE: Pooled Separate Account $60,402
Jh Multimanager Aggressive Ls John Hancock USA DFE: Pooled Separate Account $58,336
Washington Mutual Investors John Hancock USA DFE: Pooled Separate Account $57,222
Blue Chip Growth Fund John Hancock USA DFE: Pooled Separate Account $54,778
T. Rowe Price Sml Cap Val John Hancock USA DFE: Pooled Separate Account $54,517
T. Rowe Price Health Sci John Hancock USA DFE: Pooled Separate Account $43,652
Jh Multi-Index 2040 Preserv John Hancock USA DFE: Pooled Separate Account $42,594
Vanguard Growth Index Fund John Hancock USA DFE: Pooled Separate Account $36,306
Income Fund of America John Hancock USA DFE: Pooled Separate Account $35,349
Mid Value Fund John Hancock USA DFE: Pooled Separate Account $34,610
T. Rowe Price Spectrum Inc John Hancock USA DFE: Pooled Separate Account $34,225
American Century Heritage John Hancock USA DFE: Pooled Separate Account $33,589
Oppenheimer Global John Hancock USA DFE: Pooled Separate Account $33,166
Vanguard Small Cap Value Index John Hancock USA DFE: Pooled Separate Account $27,387
Invesco Small Cap Growth John Hancock USA DFE: Pooled Separate Account $24,308
Fundamental Investors John Hancock USA DFE: Pooled Separate Account $22,665
Fundamental All Cap Core Fund John Hancock USA DFE: Pooled Separate Account $21,686
Capital World Growth & Income John Hancock USA DFE: Pooled Separate Account $20,863
Vanguard Explorer Fund John Hancock USA DFE: Pooled Separate Account $13,994
Mid Cap Stock Fund John Hancock USA DFE: Pooled Separate Account $13,911
John Hancock Disciplined Value John Hancock USA DFE: Pooled Separate Account $13,711
Investment Company of America John Hancock USA DFE: Pooled Separate Account $13,708
Dfa U.S. Small Cap Fund John Hancock USA DFE: Pooled Separate Account $12,318
Vanguard Small Cap Grow Index John Hancock USA DFE: Pooled Separate Account $10,808
Pimco Real Return John Hancock USA DFE: Pooled Separate Account $9,656
Vanguard Energy Fund John Hancock USA DFE: Pooled Separate Account $7,638
Jh Multi-Index 2050 Preserv John Hancock USA DFE: Pooled Separate Account $7,341
Real Return Bond Fund John Hancock USA DFE: Pooled Separate Account $6,328
Vanguard Mid-Cap Growth Etf John Hancock USA DFE: Pooled Separate Account $5,398
Vanguard Mid-Cap Value Etf John Hancock USA DFE: Pooled Separate Account $5,365
John Hancock Bond Fund John Hancock USA DFE: Pooled Separate Account $2,184
T. Rowe Price Equity Inc John Hancock USA DFE: Pooled Separate Account $1,833
John Hancock Intl Growth John Hancock USA DFE: Pooled Separate Account $1,820
Real Est. Securities Fund John Hancock USA DFE: Pooled Separate Account $1,743
Lord Abbett Value Opps Fund John Hancock USA DFE: Pooled Separate Account $1,706
Oppenheimer Developing Mkt John Hancock USA DFE: Pooled Separate Account $1,601
T. Rowe Price Sci & Tech John Hancock USA DFE: Pooled Separate Account $1,238
Jh Multimanager 2040 Lifetime John Hancock USA DFE: Pooled Separate Account $1,019
Total $4,850,771

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock Life Insurance Co 92
EIN 01-0233346
Industry Code 65838
Contract Number 99429
Contract Year 01/01/2018 — 12/31/2018
Value in General Account at Year End $0
Value in Separate Accounts at Year End $4,850,769
Insurance Fees and Commissions $23,660
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Northwestern Mutual Investment 5417 Vern Holmes Drive, Suite 2 Stevens Point, WI 54482 Investment Manager/Adviser $13,221 $0
Ppg Retirement Plan Services 5525 Green Bay Road, Ste 200 Kenosha, WI 53144 Third Party Administrator $0 $10,439 TPA SERVICES, AUDIT 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 GUARANTEED INTEREST
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