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Overview

Plan Information

  • Plan Year01/01/2009 — 12/31/2009
  • Date of Plan01/01/2004
  • Net Assets as of 12/31/2009 $15,783,658
  • 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 ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2009

  • Active (Eligible) Participants310
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits31
  • Subtotal341
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total341
  • Total number of participants as of 01/01/2009303
  • Number of participants with account balances267
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested20

Expenses

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

Sponsor Information

  • Address427 West 12th Street Suite 100
  • CityKansas City
  • StateMO
  • Zip64105
  • Telephone(816) 627-0552
  • EIN43-1521907
  • Industry Code524140
  • Named AdministratorBryan Andres
  • Named Plan SponsorKevin Brown

Plan Administrator Information

  • Administrator NamePFS Holding Company
  • Address427 West 12th Street Suite 100
  • CityKansas City
  • StateMO
  • Zip64105
  • Telephone(816) 627-0552
  • Administrator EIN43-1521907

Audit Information

  • Audit StatusAudited
  • AuditorMayer Hoffman Mccann P.C.
  • Auditor EIN43-1947695
  • 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.
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.
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 $3,000,000
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? 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 $4,231,390
Contributions $1,972,021
Cash Contributions $1,972,021
Cash from Employers $603,284
Cash from Participants $1,324,766
Others (including rollovers) $43,971
Noncash Contributions $0
Total Earnings on Investments $2,156,684
Total Interest $188,337
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $35,078
Interest from Other Investments $153,259
Total Dividends $45,227
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 $986,340
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 $936,780
Other Income $102,685
Expenses $1,124,635
Total Benefit Payments $1,117,127
Directly to participants or beneficiaries, including direct rollovers $1,117,127
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $1,314
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $6,194
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $6,194
Net Income $3,106,755
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2009 12/31/2008 Change YOY
Total Assets $15,783,658 $12,676,903 24.51%
Total noninterest-bearing cash $0 $98 -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 $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 $642,468 $638,831 0.57%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $5,895,197 $6,861,560 -14.08%
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 $3,932,458 $0 0.0%
Value of funds held in insurance co. general account $4,840,271 $4,860,400 -0.41%
Other Investments $473,264 $316,014 49.76%
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 $15,783,658 $12,676,903 24.51%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Prudential Retirement Insurance and

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
Prudential Retirement Insurance and Contract Administrator, Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Direct payment from the plan, Sub-transfer agency fees, Recordkeeping fees NONE $4,900 $0 $4,900
Lockton Financial Advisors, LLC Securities brokerage, Securities brokerage commissions and fees NONE $0 $3,846 $3,846
Prudential Investment Management SE Distribution (12b-1) fees, Securities brokerage commissions and fees NONE $473 $551 $1,024
The Prudential Insurance Company of Sub-transfer agency fees NONE $0 $0 $0
Total $5,373 $4,397 $9,770

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Prudential Investment Management SE Allianz Global Investors Dist., LLC Distribution (12b-1) fees 25.000 Bps and $0.00 Per Participant Invested In The Fund From 1/1/2009 To 12/31/2009 Allianz Nfj Sm Cap Val A $0
Prudential Investment Management SE American Funds Distributors Inc Distribution (12b-1) fees 50.000 Bps and $0.00 Per Participant Invested In The Fund From 1/1/2009 To 12/31/2009 Amer:Europacific Grow R3 $0
Prudential Investment Management SE American Funds Distributors Inc Distribution (12b-1) fees 50.000 Bps and $0.00 Per Participant Invested In The Fund From 1/1/2009 To 12/31/2009 Growth Fund of America R3 $0
Prudential Investment Management SE Eaton Vance Distributors, Inc. Distribution (12b-1) fees 25.000 Bps and $0.00 Per Participant Invested In The Fund From 1/1/2009 To 12/31/2009 Eaton Vance Lg Cap Val A $0
Prudential Investment Management SE Invesco Aim Distributors, Inc. Distribution (12b-1) fees 25.000 Bps and $0.00 Per Participant Invested In The Fund From 1/1/2009 To 12/31/2009 Aim Small Cap Growth Fd A $0
Prudential Retirement Insurance and American Century Services Corp. Recordkeeping and information management (computing, tabulating, data processing, etc.), Sub-transfer agency fees, Recordkeeping fees 35.000 Bps and $0.00 Per Participant Invested In The Fund From 1/1/2009 To 12/31/2009 Am Cent 20th Cntry Ultra $0
Prudential Retirement Insurance and Janus Service Corp Recordkeeping and information management (computing, tabulating, data processing, etc.), Sub-transfer agency fees, Recordkeeping fees 25.000 Bps and $0.00 Per Participant Invested In The Fund From 1/1/2009 To 4/30/2009 Janus Account $0
The Prudential Insurance Company of American Funds Service Co Recordkeeping and information management (computing, tabulating, data processing, etc.), Sub-transfer agency fees, Recordkeeping fees 15.000 Bps and $0.00 Per Participant Invested In The Fund From 1/1/2009 To 12/31/2009 Amer:Europacific Grow R3 $0
The Prudential Insurance Company of American Funds Service Co Recordkeeping and information management (computing, tabulating, data processing, etc.), Sub-transfer agency fees, Recordkeeping fees 15.000 Bps and $0.00 Per Participant Invested In The Fund From 1/1/2009 To 12/31/2009 Growth Fund of America R3 $0
The Prudential Insurance Company of Boston Financial Data Svcs Recordkeeping and information management (computing, tabulating, data processing, etc.), Sub-transfer agency fees, Recordkeeping fees 25.000 Bps and $0.00 Per Participant Invested In The Fund From 1/1/2009 To 12/31/2009 Allianz Nfj Sm Cap Val A $0
The Prudential Insurance Company of Invesco Aim Investment Services, In Recordkeeping and information management (computing, tabulating, data processing, etc.), Sub-transfer agency fees, Recordkeeping fees 25.000 Bps and $0.00 Per Participant Invested In The Fund From 1/1/2009 To 12/31/2009 Aim Small Cap Growth Fd A $0
The Prudential Insurance Company of Pnc Global Invesmnt Srvcng U.S. Inc Recordkeeping and information management (computing, tabulating, data processing, etc.), Sub-transfer agency fees, Recordkeeping fees 25.000 Bps and $0.00 Per Participant Invested In The Fund From 1/1/2009 To 12/31/2009 Eaton Vance Lg Cap Val A $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
Dryden S & P 500 Index Fund Prudential Retirement Ins. DFE: Pooled Separate Account $1,608,941
Sa/Janus Fund's Strat Prudential Retirement Ins. DFE: Pooled Separate Account $1,453,350
Corp Bond/Pim Fund Prudential Retirement Ins. DFE: Pooled Separate Account $1,065,922
Retirement Goal 2020 Fund Prudential Retirement Ins. DFE: Pooled Separate Account $629,046
Retirement Goal 2030 Fund Prudential Retirement Ins. DFE: Pooled Separate Account $604,016
Retirement Goal 2040 Fund Prudential Retirement Ins. DFE: Pooled Separate Account $304,512
Retirement Goal Income Fd Prudential Retirement Ins. DFE: Pooled Separate Account $134,274
Retirement Goal 2010 Fund Prudential Retirement Ins. DFE: Pooled Separate Account $95,136
Am Cent 20th Cntry Ultra Prudential Retirement Ins. DFE: Pooled Separate Account $0
Sm Cap Growth/Bostonco Prudential Retirement Ins. DFE: Pooled Separate Account $0
Lge Cp Val/Lsv Asset Mgmt Prudential Retirement Ins. DFE: Pooled Separate Account $0
Internl Blend/Mund Cp Fd Prudential Retirement Ins. DFE: Pooled Separate Account $0
Sm Cap Val/Amer Cent Fund Prudential Retirement Ins. DFE: Pooled Separate Account $0
Large Cap Growth/Goldman Prudential Retirement Ins. DFE: Pooled Separate Account $0
Large Cap Blend/Ajo Fund Prudential Retirement Ins. DFE: Pooled Separate Account $0
Total $5,895,197

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Prudential Retirement Insurance and Annuity Company 341
EIN 06-1050034
Industry Code 93629
Contract Number 39196-001
Contract Year 01/01/2009 — 12/31/2009
Value in General Account at Year End $4,840,271
Value in Separate Accounts at Year End $5,895,197
Insurance Fees and Commissions $32,964
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Lockton Financial Advisors, LLC 444 West 47th St. Kansas City, MO 64112 Agent or Broker other than Insurance $0 $32,964 SERVICES TO INSURER OR 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 GUARANTEED GENERAL ACCOUNT CONTRACT
Balance at the end of the previous year $4,860,400
Additions $1,265,275
Contributions Deposited during the year $485,617
Dividends and credits $0
Interest credited during the year $153,259
Transferred from separate account $250,908
Other $375,491
Total of Balance and Additions $6,125,675
Deductions $1,285,404
Disbursed from fund to pay benefits or purchase annuities during the year $384,169
Administration charge made by carrier $1,505
Transferred to Separate Account $240,474
Other $659,256
Balance at the end of the current year $4,840,271