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FORM 5500 DATA

Rotorion North America, L.L.C. 401k Plan

Overview

Plan Information

  • Plan Year01/01/2006 — 12/31/2006
  • Date of Plan01/01/2003
  • Net Assets as of 12/31/2006 $847,683
  • 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 12/31/2006

  • Active (Eligible) Participants194
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits20
  • Subtotal214
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total214
  • Total number of participants as of 01/01/2006238
  • Number of participants with account balances111
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested17
  • Number of participants required to be reported on Schedule SSA6

Expenses

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

Sponsor Information

  • Address5000 Future Dr Ste 100
  • CityLadson
  • StateSC
  • Zip29456-6703
  • Telephone(843) 486-5401
  • EIN04-3590499
  • Industry Code336300
  • Named AdministratorKarl-Thomas Klingebeil
  • Named Plan SponsorKarl-Thomas Klingbeil

Plan Administrator Information

  • Administrator NameSAME
  • Administrator EIN

Audit Information

  • Audit StatusAudited
  • AuditorRodl & Partner (USA)
  • Auditor EIN58-2594719
  • 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.
3E Prototype plan A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion or notification letter; and under which a separate funding medium (for example, a separate trust or custodial account) is established for the use of each adopting employer.
3F Leased Employees Plan sponsor(s) received services of leased employees, as defined in Code section 414(n), during the plan year.
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 $18,355
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 $150,000
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

Financials

Income and Expense Statement

Income $333,216
Contributions $249,605
Cash Contributions $249,605
Cash from Employers $39,023
Cash from Participants $206,399
Others (including rollovers) $4,183
Noncash Contributions $0
Total Earnings on Investments $83,611
Total Interest $1,235
Interest-Bearing Cash $19
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $1,216
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 $0
Net investment gain (loss) from pooled separate accounts $82,376
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 $69,585
Total Benefit Payments $58,267
Directly to participants or beneficiaries, including direct rollovers $58,267
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 $11,318
Professional Fees $2,031
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $9,287
Net Income $263,631
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2006 12/31/2005 Change YOY
Total Assets $847,683 $584,052 45.14%
Total noninterest-bearing cash $4,691 $0 0.0%
Receivables $5,998 $0 0.0%
Employer Contributions $1,912 $0 0.0%
Participant Contributions $4,086 $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 $18,724 $12,019 55.79%
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 $818,100 $571,311 43.20%
Value of funds held in insurance co. general account $170 $722 -76.45%
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 $847,683 $584,052 45.14%

Service Providers

Service Providers

There are no service providers listed for this plan.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Jh Lifestyle Growth John Hancock USA DFE: Pooled Separate Account $242,346
Jh Lifestyle Balanced John Hancock USA DFE: Pooled Separate Account $98,260
Jh Lifestyle Aggressive John Hancock USA DFE: Pooled Separate Account $82,997
Emerging Small Co Fund (Vs) John Hancock USA DFE: Pooled Separate Account $54,497
Small Cap Opportunities Fund John Hancock USA DFE: Pooled Separate Account $46,898
Mid Cap Index Fund John Hancock USA DFE: Pooled Separate Account $40,726
500 Index Fund John Hancock USA DFE: Pooled Separate Account $32,728
Jh Lifestyle Conservative John Hancock USA DFE: Pooled Separate Account $31,823
Dynamic Growth Fund (Vs) John Hancock USA DFE: Pooled Separate Account $16,666
Equity Income Fund (Vs) John Hancock USA DFE: Pooled Separate Account $15,011
Mid Cap Stock Fund (Vs) John Hancock USA DFE: Pooled Separate Account $12,351
Strategic Opps Fund (Vs) John Hancock USA DFE: Pooled Separate Account $11,728
Mid Cap Value Fund John Hancock USA DFE: Pooled Separate Account $10,177
Blue Chip Growth Fund (Vs) John Hancock USA DFE: Pooled Separate Account $9,644
Small Company Value Fund (Vs) John Hancock USA DFE: Pooled Separate Account $8,765
Income & Value Fund (Vs) John Hancock USA DFE: Pooled Separate Account $8,642
Jh American Funds Europacific John Hancock USA DFE: Pooled Separate Account $8,010
Small Cap Index Fund John Hancock USA DFE: Pooled Separate Account $7,546
Real Est. Securities Fund (Vs) John Hancock USA DFE: Pooled Separate Account $7,161
U.S. Large Cap Fund (Vs) John Hancock USA DFE: Pooled Separate Account $6,949
Jh Lifestyle Moderate John Hancock USA DFE: Pooled Separate Account $6,487
Total Return Fund (Vs) John Hancock USA DFE: Pooled Separate Account $6,404
U.S. Government Secs Fund (Vs) John Hancock USA DFE: Pooled Separate Account $5,759
Intl Equity Index Fund John Hancock USA DFE: Pooled Separate Account $5,541
Active Bond Fund (Vs) John Hancock USA DFE: Pooled Separate Account $5,251
Money Market Fund John Hancock USA DFE: Pooled Separate Account $5,054
International Value Fund (Vs) John Hancock USA DFE: Pooled Separate Account $3,667
Capital Appreciation Fund (Vs) John Hancock USA DFE: Pooled Separate Account $3,412
Intl Small Cap Fund (Vs) John Hancock USA DFE: Pooled Separate Account $3,234
Strategic Bond Fund (Vs) John Hancock USA DFE: Pooled Separate Account $2,552
Quantitative Mid Cap Fund John Hancock USA DFE: Pooled Separate Account $2,458
Investment Qual Bond Fund (Vs) John Hancock USA DFE: Pooled Separate Account $2,003
Jh American Funds Am Balanced John Hancock USA DFE: Pooled Separate Account $1,647
Utilities Fund (Vs) John Hancock USA DFE: Pooled Separate Account $1,556
Health Sciences Fund (Vs) John Hancock USA DFE: Pooled Separate Account $1,426
Science & Technology Fund (Vs) John Hancock USA DFE: Pooled Separate Account $1,363
Large Cap Value Fund (Vs) John Hancock USA DFE: Pooled Separate Account $1,173
Pacific Rim Fund (Vs) John Hancock USA DFE: Pooled Separate Account $1,162
Core Equity Fund (Vs) John Hancock USA DFE: Pooled Separate Account $1,055
All Cap Growth Fund (Vs) John Hancock USA DFE: Pooled Separate Account $800
High Yield Fund (Vs) John Hancock USA DFE: Pooled Separate Account $695
Classic Value Fund (Vs) John Hancock USA DFE: Pooled Separate Account $672
Real Return Bond Fund (Vs) John Hancock USA DFE: Pooled Separate Account $553
Financial Services Fund (Vs) John Hancock USA DFE: Pooled Separate Account $399
Us Core Fund (Vs) John Hancock USA DFE: Pooled Separate Account $352
Strategic Income Fund (Vs) John Hancock USA DFE: Pooled Separate Account $153
International Core Fund (Vs) John Hancock USA DFE: Pooled Separate Account $140
Global Fund (Vs) John Hancock USA DFE: Pooled Separate Account $42
Value Fund (Vs) John Hancock USA DFE: Pooled Separate Account $42
Jh American Funds Inv Co Am John Hancock USA DFE: Pooled Separate Account $41
All Cap Value Fund (Vs) John Hancock USA DFE: Pooled Separate Account $41
Jh American Funds Wash Mutual John Hancock USA DFE: Pooled Separate Account $41
Large Cap Growth Fund (Vs) John Hancock USA DFE: Pooled Separate Account $0
Total Stock Market Index Fund John Hancock USA DFE: Pooled Separate Account $0
All Cap Core Fund (Vs) John Hancock USA DFE: Pooled Separate Account $0
U.S. Global Leaders Fund (Vs) John Hancock USA DFE: Pooled Separate Account $0
Strategic Value Fund (Vs) John Hancock USA DFE: Pooled Separate Account $0
Global Bond Fund (Vs) John Hancock USA DFE: Pooled Separate Account $0
Fundamental Value Fund (Vs) John Hancock USA DFE: Pooled Separate Account $0
Natural Resources Fund (Vs) John Hancock USA DFE: Pooled Separate Account $0
Total $818,100

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock Life Insurance Company (U.S.A) 111
EIN 01-0233346
Industry Code 65838
Contract Number 21090
Contract Year 01/01/2006 — 12/31/2006
Value in General Account at Year End $170
Value in Separate Accounts at Year End $818,100
Insurance Fees and Commissions $5,939
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Ashton Young, Inc. 2150 Butterfield, Suite 110 TROY, MI 48084 Insurance Agent or Broker $3,500 $0
Great Lakes Pension Associates, Inc 37923 W. Twelve Mile Road Farmington Hills, MI 48331 Third Party Administrator $0 $2,031 PARTICIPANT LOAN AND DISTRIBUTION FEES
Great Lakes Pension Associates, Inc 37923 W. Twelve Mile Road Farmington Hills, MI 48331 Third Party Administrator $0 $408 TPA FORUM - NOT PART OF CONTRACT CHARGES OR PLAN COSTS
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 Investment
Balance at the end of the previous year $722
Additions $260
Contributions Deposited during the year $241
Dividends and credits $0
Interest credited during the year $19
Transferred from separate account $0
Other $0
Total of Balance and Additions $982
Deductions $812
Disbursed from fund to pay benefits or purchase annuities during the year $706
Administration charge made by carrier $6
Transferred to Separate Account $0
Other $100
Balance at the end of the current year $170