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FORM 5500 DATA

AAM, LLC 401k Profit Sharing Plan and Trust

Overview

Plan Information

  • Plan Year01/01/2018 — 12/31/2018
  • Date of Plan01/01/1998
  • Net Assets as of 12/31/2018 $9,985,805
  • 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? No
  • Plan Funding Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2018

  • Active (Eligible) Participants577
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits87
  • Subtotal664
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total664
  • Total number of participants as of 01/01/2018665
  • Number of participants with account balances650
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested104

Expenses

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

Sponsor Information

  • Address1600 W Broadway Rd Ste 200
  • CityTempe
  • StateAZ
  • Zip85282-1136
  • Telephone(602) 957-9191
  • EIN42-1683910
  • Industry Code541600
  • Named AdministratorLydia Elie
  • Named Plan SponsorLydia Elie

Audit Information

  • Audit StatusAudited
  • AuditorSchmidt Westgard & Co., PLLC
  • Auditor EIN86-0271207
  • 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.
2S Automatic Enrollment Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
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 $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 $1,619,861
Contributions $2,365,639
Cash Contributions $2,365,639
Cash from Employers $193,495
Cash from Participants $1,663,007
Others (including rollovers) $509,137
Noncash Contributions $0
Total Earnings on Investments $-745,778
Total Interest $17,688
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $17,688
Interest from Other Investments $0
Total Dividends $30,064
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 $-596,020
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 $-197,510
Other Income $0
Expenses $868,897
Total Benefit Payments $822,615
Directly to participants or beneficiaries, including direct rollovers $817,385
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $5,230
Corrective Distributions $0
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $46,282
Professional Fees $0
Contract Administrator Fees $46,282
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $750,964
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 $9,985,805 $9,234,841 8.13%
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 $299,269 $275,368 8.68%
Value of interest in common/collective trusts $7,362,451 $6,501,227 13.25%
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 $2,324,085 $2,458,246 -5.46%
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 $9,985,805 $9,234,841 8.13%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Principal Life Insurance Company

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
Principal Life Insurance Company Contract Administrator, Participant loan processing, Direct payment from the plan, Recordkeeping fees Contract Administrator $46,282 $0 $46,282
Wells Fargo Advisors Ins Agency LLC Other services, Other commissions Other Services $0 $17,594 $17,594
Wells Fargo Clearing Services LLC Other services, Other commissions, Other fees Other Services $0 $6,337 $6,337
Total $46,282 $23,931 $70,213

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Wells Fargo Clearing Services LLC Principal Life Insurance Company Other services, Other commissions, Other fees Commissions and Referral/Service Fee $6,337
Wells Fargo Advisors Ins Agency LLC Principal Life Insurance Company Other services, Other commissions Commissions $17,594
*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
Prin Lifetime Hybr 2030 Cit R5 Principal Global Investors Trust Co DFE: Common/Collective Trust $1,848,935
Prin Lifetime Hybr 2020 Cit R5 Principal Global Investors Trust Co DFE: Common/Collective Trust $1,319,434
Prin Lifetime Hybr 2040 Cit R5 Principal Global Investors Trust Co DFE: Common/Collective Trust $906,503
Prin Lifetime Hybr 2050 Cit R5 Principal Global Investors Trust Co DFE: Common/Collective Trust $796,435
Prin Lifetime Hybr 2025 Cit R5 Principal Global Investors Trust Co DFE: Common/Collective Trust $588,191
Prin Lifetime Hybr 2045 Cit R5 Principal Global Investors Trust Co DFE: Common/Collective Trust $573,691
Prin Lifetime Hybr 2035 Cit R5 Principal Global Investors Trust Co DFE: Common/Collective Trust $549,753
Principal Stable Value Fund Principal Global Investors Trust Co DFE: Common/Collective Trust $361,671
Prin Lifetime Hybr 2015 Cit R5 Principal Global Investors Trust Co DFE: Common/Collective Trust $162,087
Prin Lifetime Hybr 2055 Cit R5 Principal Global Investors Trust Co DFE: Common/Collective Trust $144,769
Prin Lifetime Hybr 2010 Cit R5 Principal Global Investors Trust Co DFE: Common/Collective Trust $67,583
Prin Lifetime Hybr 2060 Cit R5 Principal Global Investors Trust Co DFE: Common/Collective Trust $31,056
Prin Lifetime Hybr Inc Cit R5 Principal Global Investors Trust Co DFE: Common/Collective Trust $11,451
Prin Lifetime Hybr 2065 Cit R5 Principal Global Investors Trust Co DFE: Common/Collective Trust $892
Total $7,362,451

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.