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FORM 5500 DATA

The Synergetics, Inc. Incentive Savings Plan

Overview

Plan Information

  • Plan Year01/01/2017 — 12/31/2017
  • Date of Plan01/01/2001
  • Net Assets as of 12/31/2017 $1,355,603
  • 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 12/31/2017

  • Active (Eligible) Participants0
  • Retired or separated participants receiving benefits1
  • Other retired or separated participants entitled to future benefits177
  • Subtotal178
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total178
  • Total number of participants as of 01/01/2017196
  • Number of participants with account balances178
  • 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

  • Address400 Somerset Corporate Blvd.
  • CityBridgewater
  • StateNJ
  • Zip08807
  • Telephone(908) 541-5459
  • EIN43-1585312
  • Industry Code339110
  • Named AdministratorMary Egan

Audit Information

  • Audit StatusAudited
  • AuditorUhy LLP
  • Auditor EIN20-0694403
  • 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.

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 $1,000,000
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 $223,160
Contributions $0
Cash Contributions $0
Cash from Employers $0
Cash from Participants $0
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $223,160
Total Interest $592
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $0
Interest from Other Investments $592
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 $222,568
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 $0
Other Income $0
Expenses $440,370
Total Benefit Payments $426,980
Directly to participants or beneficiaries, including direct rollovers $426,980
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 $13,390
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $13,390
Net Income $-217,210
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2017 12/31/2016 Change YOY
Total Assets $1,355,603 $1,572,813 -13.81%
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 $0 $0 0.0%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $1,272,628 $1,515,085 -16.00%
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 $0 $0 0.0%
Value of funds held in insurance co. general account $82,975 $57,728 43.73%
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 $1,355,603 $1,572,813 -13.81%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Transamerica 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
Transamerica Life Insurance Company Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Investment management fees paid indirectly by plan, Float revenue, Recordkeeping fees, Other insurance wrap fees Recordkeeper $13,390 $0 $13,390
Total $13,390 $0 $13,390

Indirect Compensation

There are no service providers with indirect compensation listed for this plan.

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
Ta Blackrock Lifepath Index 2035 Re Transamerica Life Insurance Co. DFE: Pooled Separate Account $214,908
Ta Blackrock Lifepath Index 2045 Re Transamerica Life Insurance Co. DFE: Pooled Separate Account $146,028
Blackrock Mid Cap Value Opportuniti Transamerica Life Insurance Co. DFE: Pooled Separate Account $115,839
Goldman Sachs Mid-Cap Opportunities Transamerica Life Insurance Co. DFE: Pooled Separate Account $92,394
Ta Blackrock Lifepath Index 2030 Re Transamerica Life Insurance Co. DFE: Pooled Separate Account $86,568
Transamerica Asset Alloc - Moderate Transamerica Life Insurance Co. DFE: Pooled Separate Account $76,617
Ta Blackrock Lifepath Index 2020 Re Transamerica Life Insurance Co. DFE: Pooled Separate Account $62,047
Ta Blackrock Lifepath Index 2050 Re Transamerica Life Insurance Co. DFE: Pooled Separate Account $61,359
American Funds Balanced Ret Opt Transamerica Life Insurance Co. DFE: Pooled Separate Account $51,535
Ta Blackrock Lifepath Index 2040 Re Transamerica Life Insurance Co. DFE: Pooled Separate Account $45,268
American Funds Growth Fund of Ameri Transamerica Life Insurance Co. DFE: Pooled Separate Account $37,762
Ta Blackrock Lifepath Index Retirem Transamerica Life Insurance Co. DFE: Pooled Separate Account $34,963
Ta Blackrock Lifepath Index 2055 Re Transamerica Life Insurance Co. DFE: Pooled Separate Account $31,761
Nuveen Small Cap Select Ret Opt Transamerica Life Insurance Co. DFE: Pooled Separate Account $28,258
Perkins Small Cap Value Ret Opt Transamerica Life Insurance Co. DFE: Pooled Separate Account $27,245
Transamerica Asset Alloc - Growth P Transamerica Life Insurance Co. DFE: Pooled Separate Account $26,640
Franklin Biotechnology Discovery Re Transamerica Life Insurance Co. DFE: Pooled Separate Account $18,813
Vanguard Reit Index Ret Opt Transamerica Life Insurance Co. DFE: Pooled Separate Account $18,689
Pimco Total Return Ret Opt Transamerica Life Insurance Co. DFE: Pooled Separate Account $17,201
Ta Blackrock Lifepath Index 2025 Re Transamerica Life Insurance Co. DFE: Pooled Separate Account $15,446
Franklin Total Return Ret Opt Transamerica Life Insurance Co. DFE: Pooled Separate Account $13,006
Templeton Foreign Ret Opt Transamerica Life Insurance Co. DFE: Pooled Separate Account $9,421
Mainstay High Yield Corporate Bond Transamerica Life Insurance Co. DFE: Pooled Separate Account $7,939
Vanguard Small-Cap Growth Index Ret Transamerica Life Insurance Co. DFE: Pooled Separate Account $6,001
Vanguard Total Stock Market Index R Transamerica Life Insurance Co. DFE: Pooled Separate Account $5,446
Jpmorgan Short Duration Bond Ret Op Transamerica Life Insurance Co. DFE: Pooled Separate Account $4,300
Ssga Russell Small Cap Value Index Transamerica Life Insurance Co. DFE: Pooled Separate Account $4,094
Ivy Science & Technology Ret Opt Transamerica Life Insurance Co. DFE: Pooled Separate Account $3,737
Janus Overseas Ret Opt Transamerica Life Insurance Co. DFE: Pooled Separate Account $3,301
Templeton Global Bond Ret Opt Transamerica Life Insurance Co. DFE: Pooled Separate Account $1,943
Blackrock Equity Dividend Ret Opt Transamerica Life Insurance Co. DFE: Pooled Separate Account $1,621
Ta Blackrock Lifepath Index 2060 Re Transamerica Life Insurance Co. DFE: Pooled Separate Account $803
Vanguard Pacific Stock Index Ret Op Transamerica Life Insurance Co. DFE: Pooled Separate Account $635
Vanguard European Stock Index Ret O Transamerica Life Insurance Co. DFE: Pooled Separate Account $605
Janus Forty Ret Opt Transamerica Life Insurance Co. DFE: Pooled Separate Account $366
Ssga Russell Large Cap Growth Index Transamerica Life Insurance Co. DFE: Pooled Separate Account $39
Transamerica Asset Alloc - Conserva Transamerica Life Insurance Co. DFE: Pooled Separate Account $30
State Street Russell Large Cap Val Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Ta Vanguard Target Retirement 2010 Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Ta Vanguard Target Retirement 2015 Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Total $1,272,628

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Transamerica Life Insurance Company 178
EIN 39-0989781
Industry Code 86231
Contract Number 801391
Contract Year 01/01/2017 — 12/31/2017
Value in General Account at Year End $82,975
Value in Separate Accounts at Year End $1,272,628
Insurance Fees and Commissions $3,930
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Raymond James Insurance Group Inc Mark Mazman St Petersburg, FL 33716 Insurance Agent or Broker $3,930 $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 STABLE VALUE OPTION
Balance at the end of the previous year $57,728
Additions $49,595
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $592
Transferred from separate account $0
Other $49,003
Total of Balance and Additions $107,323
Deductions $24,348
Disbursed from fund to pay benefits or purchase annuities during the year $10,596
Administration charge made by carrier $316
Transferred to Separate Account $0
Other $13,436
Balance at the end of the current year $82,975