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FORM 5500 DATA

Slay Industries 401k Retirement Savings Plan

Overview

Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan10/01/1989
  • Net Assets as of 12/31/2019 $13,943,740
  • 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 12/31/2019

  • Active (Eligible) Participants286
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits55
  • Subtotal341
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total341
  • Total number of participants as of 01/01/2019344
  • Number of participants with account balances190
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested0

Expenses

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

Sponsor Information

  • Address1441 Hampton Ave.
  • CitySt. Louis
  • StateMO
  • Zip63139
  • Telephone(314) 647-7529
  • EIN43-0903793
  • Industry Code484120

Audit Information

  • Audit StatusAudited
  • AuditorAnders Minkler Huber & Helm LLP
  • Auditor EIN43-0831507
  • 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? Yes $704,464
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 $3,530,784
Contributions $1,010,577
Cash Contributions $1,010,577
Cash from Employers $362,723
Cash from Participants $644,892
Others (including rollovers) $2,962
Noncash Contributions $0
Total Earnings on Investments $2,520,207
Total Interest $56,633
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $24,245
Interest from Other Investments $32,388
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 $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 $2,463,574
Other Income $0
Expenses $560,523
Total Benefit Payments $505,881
Directly to participants or beneficiaries, including direct rollovers $505,881
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $4,962
Interest expense $0
Total Administrative Expenses $49,680
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $49,680
Other Administrative Fees $0
Net Income $2,970,261
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 $13,944,077 $10,973,479 27.07%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $86,258 $38,794 122.35%
Employer Contributions $30,652 $15,307 100.25%
Participant Contributions $53,099 $22,338 137.71%
Other Contributions $2,507 $1,149 118.19%
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 $481,718 $434,372 10.90%
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 $0 0.0%
Value of interest in registered investment companies $13,376,101 $10,500,313 27.39%
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 $337 $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) $337 $0 0.0%
Net Assets $13,943,740 $10,973,479 27.07%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Kw Chambers & 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
Massachusetts Mutual Life Insurance Investment management fees paid indirectly by plan, Sub-transfer agency fees, Distribution (12b-1) fees, Recordkeeping fees, Soft dollars commissions, Other investment fees and expenses Contract Admi Nistrator $49,680 $0 $49,680
Invesco Investment management fees paid indirectly by plan Investment Pr Ovider $0 $0 $0
Vanguard Investment management fees paid indirectly by plan Investment Pr $0 $0 $0
Wells Fargo Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
The Hartford Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
American Funds Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
American Funds Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
American Funds Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
American Century Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Ridgeworth Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Invesco Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Pimco Funds Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Franklin Templeton Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Franklin Templeton Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Dimensional Fund Advisors Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Mfs Investment Management Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Vanguard Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Vanguard Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Jp Morgan Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Total $49,680 $0 $49,680

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Vanguard 500 Idx,Mid & Sm Cap Idx,Inftech Ix Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Pimco Funds Pimco Income Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Vanguard Re Ix, Hc Fd, Lifestrat Fds,Int Bd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Massachusetts Mutual Life Insurance Sel Gr Opportunities Sandsjsp Investment management fees paid indirectly by plan, Distribution (12b-1) fees, Other investment fees and expenses Basis Points * Plan Assets $0
Massachusetts Mutual Life Insurance Select Mid Cap Gr Trp Frontier Investment management fees paid indirectly by plan, Distribution (12b-1) fees, Other investment fees and expenses Basis Points * Plan Assets $0
Massachusetts Mutual Life Insurance Sel Smcoval Investment management fees paid indirectly by plan, Distribution (12b-1) fees, Other investment fees and expenses Basis Points * Plan Assets $0
Massachusetts Mutual Life Insurance Select 40/60 Allocation Investment management fees paid indirectly by plan, Distribution (12b-1) fees, Other investment fees and expenses Basis Points * Plan Assets $0
Massachusetts Mutual Life Insurance Mutual Shares Franklin Sub-transfer agency fees, Distribution (12b-1) fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Insurance Ultra American Century Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Insurance Wells Fargo Special Mid Cap Val Fd Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Insurance Int'L New Discovery Mfs Sub-transfer agency fees, Distribution (12b-1) fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Insurance Premier Core Bond Barings Investment management fees paid indirectly by plan, Distribution (12b-1) fees, Other investment fees and expenses Basis Points * Plan Assets $0
Massachusetts Mutual Life Insurance Sagic 83629 & Govmt Mm Barnings Investment management fees paid indirectly by plan, Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Insurance Premier Global Ofi Investment management fees paid indirectly by plan, Other investment fees and expenses Basis Points * Plan Assets $0
Massachusetts Mutual Life Insurance Select 80/20 Allocation Investment management fees paid indirectly by plan, Distribution (12b-1) fees, Other investment fees and expenses Basis Points * Plan Assets $0
Franklin Templeton Global Bond Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Franklin Templeton Mutual Shares Investment management fees paid indirectly by plan, Sub-transfer agency fees, Distribution (12b-1) fees Basis Points * Plan Assets $0
Jp Morgan Jpmorgan Us Govt Money Market Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Dimensional Fund Advisors Us Targeted Value & Us Sm Cap Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
American Funds American Funds Grth Fund of America Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Mfs Investment Management Int'L New Discovery Investment management fees paid indirectly by plan, Sub-transfer agency fees, Distribution (12b-1) fees Basis Points * Plan Assets $0
Invesco Small Cap Discovery Investment management fees paid indirectly by plan, Sub-transfer agency fees, Distribution (12b-1) fees Basis Points * Plan Assets $0
American Century Ultra American Century Investment management fees paid indirectly by plan, Sub-transfer agency fees Basis Points * Plan Assets $0
Ridgeworth Ceredex Mid Cp Val Eq Virtus Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Massachusetts Mutual Life Insurance Prm Oppenheimer Fds Sm Cp Opp Investment management fees paid indirectly by plan, Distribution (12b-1) fees, Other investment fees and expenses Basis Points * Plan Assets $0
Massachusetts Mutual Life Insurance Ceredex Mid Cp Val Eq Virtus Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Insurance Select 60/40 Allocation Investment management fees paid indirectly by plan, Distribution (12b-1) fees, Other investment fees and expenses Basis Points * Plan Assets $0
The Hartford Hartford International Opp Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
American Funds Europacific Growth & New World Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Invesco Global Strategic Income II Investment management fees paid indirectly by plan, Sub-transfer agency fees, Distribution (12b-1) fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Insurance Mm S&P 500 Index Northern Trust Investment management fees paid indirectly by plan, Distribution (12b-1) fees, Other investment fees and expenses Basis Points * Plan Assets $0
Massachusetts Mutual Life Insurance Sel Fundamental Val Brwhnlybspt Investment management fees paid indirectly by plan, Distribution (12b-1) fees, Other investment fees and expenses Basis Points * Plan Assets $0
Massachusetts Mutual Life Insurance Select Equity Opps Wellingtontrp Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Massachusetts Mutual Life Insurance Prem Inflat-Prot and Incm Barings Investment management fees paid indirectly by plan, Distribution (12b-1) fees, Other investment fees and expenses Basis Points * Plan Assets $0
Massachusetts Mutual Life Insurance Prem U.S. Govt Money Mrkt Barings Investment management fees paid indirectly by plan, Other investment fees and expenses Basis Points * Plan Assets $0
Massachusetts Mutual Life Insurance Premier Disciplined Gr II Baring Investment management fees paid indirectly by plan, Distribution (12b-1) fees, Other investment fees and expenses Basis Points * Plan Assets $0
Vanguard Target Ret Funds Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Wells Fargo Wells Fargo Special Mid Cap Val Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
American Funds Amer Funds Wash Mutual Invs Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Massachusetts Mutual Life Insurance Select 20/80 Allocation Investment management fees paid indirectly by plan, Distribution (12b-1) fees, Other investment fees and expenses Basis Points * Plan Assets $0
Massachusetts Mutual Life Insurance Premier High Yield Barings Investment management fees paid indirectly by plan, Other investment fees and expenses Basis Points * Plan Assets $0
Massachusetts Mutual Life Insurance Small Cap Discovery Invesco Sub-transfer agency fees, Distribution (12b-1) fees Basis Points * Plan Assets $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
Vanguard Lifestrat Mod Gr Fd Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $3,756,370
Vanguard Info Tech Indx Fd Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $1,526,790
500 Index (Vanguard) Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $1,334,344
American Fds Grth Fnd America Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $982,237
Amer Funds Wash Mutl Invs Fund Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $545,459
Vanguard Lifestrategy Incm Fd Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $532,838
Vanguard Health Care Fund Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $448,983
Vanguard Lifestrat Con Gr Fd Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $434,261
Reit Index (Vanguard) Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $340,994
Vanguard Intrm-Trm Bnd Indx Fd Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $317,394
Vanguard Lifestrat Gr Fd Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $273,200
Vanguard Target Rtrmnt 2035 Fd Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $271,834
Hartford International Opp Fd Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $221,326
Vanguard Target Rtrmnt 2025 Fd Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $199,138
Mid Cap Index (Vanguard) Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $187,680
Us Targeted Value (Dfa) Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $186,686
Small Cap Index (Vanguard) Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $167,130
Vanguard Target Rtrmnt 2030 Fd Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $127,486
Global Bond (Templeton) Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $97,996
Vanguard Target Rtrmnt 2040 Fd Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $91,604
Vanguard Mid-Cap Gr Indx Fd Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $75,693
Pimco Income Fund Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $53,989
American Funds New World Fund Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $48,786
Vanguard Target Rtrmnt 2050 Fd Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $44,437
Vanguard Target Rtrmnt 2055 Fd Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $42,200
Wells Fargo Spec Mid Cp Val Fd Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $37,469
Dfa Us Small Cap Growth Fund Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $19,769
Europacific Growth (American) Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $11,592
Vanguard Target Rtrmnt 2045 Fd Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $6,704
Vanguard Target Rtrmnt Incm Fd Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $2,310
Vanguard Target Rtrmnt 2060 Fd Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $1,027
Total $12,387,726

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Massachusetts Mutual Life Insurance Company 190
EIN 04-1590850
Industry Code 65935
Contract Number 83629-2
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $0
Value in Separate Accounts at Year End $2,326,421
Insurance Fees and Commissions $529
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
K W Chambers & Co 7800 Forsyth Blvd Fl 5 Clayton, MO 63105 Banking, Savings and Loan Association, Credit Union, or other similar financial institution $529 $0
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 GROUP ANNUITY CONTRACT
Balance at the end of the previous year $790,293
Additions $1,288,912
Contributions Deposited during the year $960,760
Dividends and credits $0
Interest credited during the year $32,388
Transferred from separate account $161,318
Other $134,446
Total of Balance and Additions $2,079,205
Deductions $1,090,831
Disbursed from fund to pay benefits or purchase annuities during the year $61,646
Administration charge made by carrier $3,469
Transferred to Separate Account $1,011,833
Other $13,883
Balance at the end of the current year $988,374