Back to top
FORM 5500 DATA

Casey's General Stores 401k Plan

Overview

Plan Information

  • Plan Year01/01/2007 — 12/31/2007
  • Date of Plan05/01/1989
  • Net Assets as of 12/31/2007 $106,971,652
  • 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
  • Plan Funding ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2007

  • Active (Eligible) Participants15,402
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits302
  • Subtotal15,704
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits3
  • Total15,707
  • Total number of participants as of 01/01/200716,059
  • Number of participants with account balances3,553
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2,139
  • Number of participants required to be reported on Schedule SSA31

Expenses

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

Sponsor Information

  • Address1 SE Convenience Blvd
  • CityAnkeny
  • StateIA
  • Zip50021-9672
  • Telephone(515) 965-6100
  • EIN42-0935283
  • Industry Code447100

Plan Administrator Information

  • Administrator NameSAME
  • Administrator EIN

Audit Information

  • Audit StatusAudited
  • AuditorKpmg, LLP
  • Auditor EIN13-5565207
  • 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.
2H Partial participant-directed account plan Participants have the opportunity to direct the investment of a portion of 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.
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.
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 $5,000,000
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

Financials

Income and Expense Statement

Income $22,929,164
Contributions $7,762,483
Cash Contributions $7,762,483
Cash from Employers $2,635,657
Cash from Participants $4,386,243
Others (including rollovers) $740,583
Noncash Contributions $0
Total Earnings on Investments $14,995,605
Total Interest $363,111
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $172,943
Interest from Other Investments $190,168
Total Dividends $459,730
Preferred Stock $0
Common Stock $459,730
Rents $0
Net gain (loss) on sale of assets $1,498,425
Aggregate Proceeds $10,841,124
Aggregate Carrying Amount $9,342,699
Total Unrealized Appreciation (depreciation) of assets $10,757,617
Real Estate $0
Other $10,757,617
Net investment gain (loss) from common/collective trusts $0
Net investment gain (loss) from pooled separate accounts $1,370,874
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 $545,848
Other Income $171,076
Expenses $8,266,305
Total Benefit Payments $8,014,539
Directly to participants or beneficiaries, including direct rollovers $7,989,632
To insurance carriers for the provision of benefits $24,400
Other Benefit Payment Fees $507
Corrective Distributions $26,969
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $224,797
Professional Fees $0
Contract Administrator Fees $224,797
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $14,662,859
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2007 12/31/2006 Change YOY
Total Assets $106,971,652 $92,308,793 15.88%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $228,231 $80,852 182.28%
Employer Contributions $56,314 $31,417 79.25%
Participant Contributions $171,917 $49,435 247.76%
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 $2,589,212 $2,219,706 16.65%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $31,636,126 $24,656,382 28.31%
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 $12,196,089 $10,561,902 15.47%
Value of funds held in insurance co. general account $5,361,600 $5,085,999 5.42%
Other Investments $0 $0 0.0%
Employer-related Investments $54,960,394 $49,703,952 10.58%
Employer Securities $54,960,394 $49,703,952 10.58%
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 $106,971,652 $92,308,793 15.88%

Service Providers

Service Providers

Name Nature of Service Relationship to Plan Sponsor Gross Salary or Allowances Paid by Plan Fees and Commissions Paid by Plan Total Salary/Fees
Principal Life Insurance Company Contract Administrator $0 $224,797 $224,797
Total $0 $224,797 $224,797

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Principal Money Mkt Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $5,805,683
Prin Lgcp S&P 500 Idx Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $3,887,949
Principal Lifetm 2020 Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $3,789,587
Principal Lifetm 2030 Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $3,161,702
Principal Divers Intl Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $2,982,655
Prin Smallcap Blend Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $2,732,297
Principal Lifetm 2010 Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $2,660,878
Principal Bond and Mtg Sep Acc Principal Life Insurance Company DFE: Pooled Separate Account $2,171,650
Principal U.S. Property Sepact Principal Life Insurance Company DFE: Pooled Separate Account $1,275,205
Principal Lifetm 2040 Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $931,155
Prin Midcap Value II Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $716,368
Prin Lifetm Str Inc Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $555,571
Prin Largecap Blend I Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $523,233
Principal Lifetm 2050 Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $442,194
Total $31,636,127

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Principal Life Insurance Company 15,707
EIN 42-0127290
Industry Code 61271
Contract Number 6-13452
Contract Year 01/01/2007 — 12/31/2007
Value in General Account at Year End $5,361,600
Value in Separate Accounts at Year End $31,636,126
Insurance Fees and Commissions $5,077
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Rws Inc 4949 Westown Parkway W Des Moines, IA 50266 -0000 Insurance Agent or Broker $0 $5,077 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
Balance at the end of the previous year $5,085,999
Additions $1,445,742
Contributions Deposited during the year $422,707
Dividends and credits $0
Interest credited during the year $190,168
Transferred from separate account $394,205
Other $438,662
Total of Balance and Additions $6,531,741
Deductions $1,163,947
Disbursed from fund to pay benefits or purchase annuities during the year $718,058
Administration charge made by carrier $21,823
Transferred to Separate Account $167,048
Other $257,018
Balance at the end of the current year $5,367,794