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FORM 5500 DATA

The Profit Sharing Plus Plan (the plan) of Advantage Management Corporation

Overview

Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan01/01/1968
  • Net Assets as of 12/31/2019 $63,038,541
  • 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 Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2019

  • Active (Eligible) Participants1,276
  • Retired or separated participants receiving benefits3
  • Other retired or separated participants entitled to future benefits254
  • Subtotal1,533
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits2
  • Total1,535
  • Total number of participants as of 01/01/20191,719
  • Number of participants with account balances787
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested84

Expenses

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

Sponsor Information

  • Address800 Lone Oak Rd.
  • CityEagan
  • StateMN
  • Zip55121
  • Telephone(651) 688-2000
  • EIN41-1679714
  • Industry Code484120
  • Named AdministratorNicholas Luebesmier

Audit Information

  • Audit StatusAudited
  • AuditorWilkerson, Guthmann & Johnson, Ltd.
  • Auditor EIN41-0996210
  • 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.
2R Brokerage Window Participant-directed brokerage accounts provided as an investment option under the plan.
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 $16,315,023
Contributions $3,389,322
Cash Contributions $3,389,322
Cash from Employers $671,210
Cash from Participants $2,625,075
Others (including rollovers) $93,037
Noncash Contributions $0
Total Earnings on Investments $12,925,701
Total Interest $84,551
Interest-Bearing Cash $42,363
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $42,188
Interest from Other Investments $0
Total Dividends $3,374,157
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 $9,356
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 $9,457,637
Other Income $0
Expenses $4,960,348
Total Benefit Payments $4,894,979
Directly to participants or beneficiaries, including direct rollovers $4,894,979
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $67,069
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $-1,700
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $-1,700
Net Income $11,354,675
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2019 12/31/2018 Change YOY
Total Assets $63,038,541 $51,683,866 21.97%
Total noninterest-bearing cash $0 $6,213 -100.00%
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 $2,392,788 $2,149,486 11.32%
Interest-bearing cash $2,392,788 $2,149,486 11.32%
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 $702,526 $605,316 16.06%
Value of interest in common/collective trusts $239,196 $197,831 20.91%
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 $59,704,031 $48,725,020 22.53%
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 $63,038,541 $51,683,866 21.97%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Fidelity Investments Institutional

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
Fidelity Investments Institutional Participant loan processing, Sub-transfer agency fees, Recordkeeping fees, Account maintenance fees, Securities brokerage commissions and fees Recordkeeper $90 $0 $90
Total $90 $0 $90

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Fidelity Investments Institutional Baron Small Cap - Dst Systems Inc Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Baron Small Cap Inst - Dst Systems Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Lau Intl Mktmasters - Dst Asset Ma Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Lzrd Emrg Mkts Eq Is - Dst Asset M Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Northern Sm Cap Val - Northern Tru Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Amg Southernsun Small Cap N Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Aqr Large Cap Defensive Style Cl N Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Aberdeen U.S. Small Cap Equity Fd Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Edgewood Growth Fund Retail Class Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Adv Preferred Gold Bullion Strat I Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Invesco Oppenheimer Intl Small Mid Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional American Century Equity Income Inv Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional American Century Midcap Value Inv Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Artisan High Income Fund Investor Sub-transfer agency fees 0.39% $0
Fidelity Investments Institutional Berkshire Focus Fund Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Blackrock Mid Cap Growth Equity Cl Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Blackrock Technologyopportunities Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Blackrock Health Sciences Opp Prt Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Brown International Small Company Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Conestoga Small Cap Investor Class Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Dws Latin America Equity Fund A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Driehaus Emerging Markets Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Polen Growth Fund Retail Shares Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Gabelli Gold Fund Claaa Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Gabelli Small Cap Growth Aaa Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Gabelli Equity Income Fund Aaa Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Glenmede Large Cap Growth Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Glenmede Large Cap Core Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Hennessy Japan Smallcap Investor C Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Ivy Small Cap Core Class A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional James Advantage Small Cap Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Janus Henderson Triton T Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Janus Henderson Overseas T Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional John Hancock Intl Growth Cl A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Matthews China Div Fund Investor C Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Matthews China Fund Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Matthews Japan Fund Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Matthews India Fund Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Morgan Stanley Growth Portfolio A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Morgan Stanley Global Opportunity Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Needham Aggressive Growth Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Nuveen High Income Bond Class A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Oberweis Micro Cap Fund Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Parnassus Mid Cap Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional T Rowe Price Ret 2040 Fd Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Akre Focus Fund Retail Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional T Rowe Price Global Gr Stock Inves Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Rydex Nasdaq 100 2X Strategy Cl H Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Rydex S&P 500 2X Strategy Cl H Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Rydex Russell 2000 2X Strategy Cl Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Smead Value Fund Investor Cl Share Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Thompson Bond Fund Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Touchstone Sands Cap Sel Grwth Z Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Wasatch Ultra Growth Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Wasatch Microcap Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Wasatch Micro Cap Value Fund Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Wasatch Emerging India Fund Sub-transfer agency fees 0.40% $0
*As outlined by the Form 5500 Instructions for service providers with indirect compensation.

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
Mip Cl 1 Fidelity Management Trust Company DFE: Common/Collective Trust $239,196
Total $239,196

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.