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FORM 5500 DATA

Lynch Livestock, Inc. 401k Profit Sharing Plan

Overview

Plan Information

  • Plan Year01/01/2011 — 12/31/2011
  • Date of Plan07/01/1989
  • Net Assets as of 12/31/2011 $4,261,382
  • 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 12/31/2011

  • Active (Eligible) Participants160
  • Retired or separated participants receiving benefits6
  • Other retired or separated participants entitled to future benefits20
  • Subtotal186
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total186
  • Total number of participants as of 01/01/2011213
  • Number of participants with account balances137
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested14

Expenses

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

Sponsor Information

  • AddressAtsb, Po Box 938
  • CityDubuque
  • StateIA
  • Zip52004-0938
  • Telephone(800) 548-2995
  • EIN42-1081789
  • Industry Code112900
  • Named AdministratorGerald J Lynch
  • Named Plan SponsorGerald J Lynch

Plan Administrator Information

  • Administrator NameLynch Livestock Inc
  • AddressAtsb, Po Box 938
  • CityDubuque
  • StateIA
  • Zip52004-0938
  • Telephone(800) 548-2995
  • Administrator EIN42-1081789

Audit Information

  • Audit StatusAudited
  • AuditorHacker Nelson & Co., Pc
  • Auditor EIN42-1040336
  • 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 $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 $253,485
Contributions $368,717
Cash Contributions $368,717
Cash from Employers $44,063
Cash from Participants $324,511
Others (including rollovers) $143
Noncash Contributions $0
Total Earnings on Investments $-115,232
Total Interest $6,935
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $6,935
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 $8,898
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 $-131,065
Other Income $0
Expenses $564,919
Total Benefit Payments $518,264
Directly to participants or beneficiaries, including direct rollovers $518,264
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 $46,655
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $46,655
Net Income $-311,434
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $32,596

Asset and Liability Statement

12/31/2011 12/31/2010 Change YOY
Total Assets $4,261,634 $4,605,682 -7.47%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $0 $290 -100.00%
Employer Contributions $0 $44 -100.00%
Participant Contributions $0 $246 -100.00%
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 $192,792 $155,488 23.99%
Value of interest in common/collective trusts $1,209,579 $1,614,440 -25.08%
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 $2,859,263 $2,835,464 0.84%
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 $252 $270 -6.67%
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) $252 $270 -6.67%
Net Assets $4,261,382 $4,605,412 -7.47%

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
American Trust & Savings Bank Recordkeeping and information management (computing, tabulating, data processing, etc.), Trustee (bank, trust company, or similar financial institution), Investment advisory (participants), Investment advisory (plan), Investment management, Participant loan processing, Participant communication, Investment management fees paid directly by plan, Recordkeeping fees Trust $46,656 $0 $46,656
Total $46,656 $0 $46,656

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
American Trust & Savings Bank T Rowe Price Investment management fees paid indirectly by plan, Distribution (12b-1) fees, Other investment fees and expenses 55 Bps On Assets Invested In The Fund From 1/1/-12/31 T Rowe Price Large Growth I $0
American Trust & Savings Bank Fidelity Investments Investment management fees paid indirectly by plan, Distribution (12b-1) fees, Other investment fees and expenses 2.5 Bps On Assets Invested In The Fund From 1/1/-12/31 Fidelity Spartan 500 Index $0
American Trust & Savings Bank American Beacon Funds Investment management fees paid indirectly by plan, Distribution (12b-1) fees, Other investment fees and expenses 22 Bps On Assests Invested In The Fund From 1/1/-12/31 American Beacon Lg Cap Vlu $0
American Trust & Savings Bank T Rowe Price Investment management fees paid indirectly by plan, Distribution (12b-1) fees, Other investment fees and expenses 64 Bps On Assets Invested In The Fund From 1/1/-12/31 T Rowe Price Mid Cap Gwth $0
American Trust & Savings Bank Columbia Management Investment management fees paid indirectly by plan, Distribution (12b-1) fees, Other investment fees and expenses 20 Bps On Assets Invested In The Fund From 1/1/-12/31 Columbia Mid Cap Index Z $0
American Trust & Savings Bank Goldman Sachs Investment management fees paid indirectly by plan, Distribution (12b-1) fees, Other investment fees and expenses 70 Bps On Assests Invested In The Fund From 1/1/-12/31 Goldman Sachs Mid Cap Vlu In $0
American Trust & Savings Bank Columbia Management Investment management fees paid indirectly by plan, Distribution (12b-1) fees, Other investment fees and expenses 64 Bps On Assets Invested In The Fund From 1/1/-12/31 Columbia Acorn Z $0
American Trust & Savings Bank Heartland Funds Investment management fees paid indirectly by plan, Distribution (12b-1) fees, Other investment fees and expenses 75 Bps On Assets Invested In The Fund From 1/1/-12/31 Heartland Vlu Plus Instl $0
American Trust & Savings Bank Franklin Templeton Investment management fees paid indirectly by plan, Distribution (12b-1) fees, Other investment fees and expenses 110 Bps On Assets Invested In The Fund From 1/1/-12/31 Templeton Inst Forgn Eq $0
American Trust & Savings Bank Oppenheimer Funds Investment management fees paid indirectly by plan, Distribution (12b-1) fees, Other investment fees and expenses 79 Bps On Assets Invested In The Fund From 1/1/-12/31 Oppenheimer Dev Mkt Y $0
American Trust & Savings Bank The Vanguard Group Investment management fees paid indirectly by plan, Distribution (12b-1) fees, Other investment fees and expenses 24 Bps On Assets Invested In The Fund From 1/1/-12/31 Vanguard Wellington $0
American Trust & Savings Bank Pimco Funds Investment management fees paid indirectly by plan, Distribution (12b-1) fees, Other investment fees and expenses 45 Bps On Assets Invested In The Fund From 1/1/-12/31 Pimco Total Ret Instl $0
American Trust & Savings Bank Metropolitan West Investment management fees paid indirectly by plan, Distribution (12b-1) fees, Other investment fees and expenses 25 Bps On Assets Invested In The Fund From 1/1/-12/31 Metropolitan West High Yield $0
American Trust & Savings Bank Goldman Sachs Investment management fees paid indirectly by plan, Distribution (12b-1) fees, Other investment fees and expenses 110 Bps On Assets Invested In The Fund From 1/1/-12/31 Goldman Sachs Absolute Return $0
American Trust & Savings Bank Pimco Funds Investment management fees paid indirectly by plan, Distribution (12b-1) fees, Other investment fees and expenses 74 Bps On Assets Invested In The Fund From 1/1/-12/31 Pimco Commodity Real Return $0
American Trust & Savings Bank Franklin Templeton Investment management fees paid indirectly by plan, Distribution (12b-1) fees, Other investment fees and expenses 75 Bps On Assets Invested In The Fund From 1/1/-12/31 Templeton Forgn Small $0
American Trust & Savings Bank Cohen& Steers, Inc Investment management fees paid indirectly by plan, Distribution (12b-1) fees, Other investment fees and expenses 100 Bps On Assets Invested In The Fund From 1/1/-12/31 Cohen & Steers Global Realty $0
American Trust & Savings Bank Tcw Fund, Inc. Investment management fees paid indirectly by plan, Distribution (12b-1) fees, Other investment fees and expenses 65 Bps On Assets Invested In The Fund From 1/1/-12/31 Tcw Emerg Mkts Income $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
Large Cap Core Fund American Trust & Savings Bank DFE: Common/Collective Trust $409,721
Stable Value Fund American Trust & Savings Bank DFE: Common/Collective Trust $362,328
Intermediate Bond Fund American Trust & Savings Bank DFE: Common/Collective Trust $284,707
Mid Cap Core Fund American Trust & Savings Bank DFE: Common/Collective Trust $152,823
Total $1,209,579

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.