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FORM 5500 DATA

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

Overview

Plan Information

  • Plan Year01/01/2007 — 12/31/2007
  • Date of Plan01/01/2003
  • Net Assets as of 12/31/2007 $1,106,607
  • 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 12/31/2007

  • Active (Eligible) Participants206
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits17
  • Subtotal223
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total223
  • Total number of participants as of 01/01/2007215
  • Number of participants with account balances119
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested7
  • Number of participants required to be reported on Schedule SSA8

Expenses

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

Sponsor Information

  • Address9770 Patriot Blvd Ste 100
  • CityLadson
  • StateSC
  • Zip29456-6703
  • Telephone(843) 486-5400
  • EIN04-3590499
  • Industry Code336300
  • Named AdministratorBernd Klenk
  • Named Plan SponsorBernd Klenk

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 $28,999
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 $389,379
Contributions $333,076
Cash Contributions $333,076
Cash from Employers $52,879
Cash from Participants $274,145
Others (including rollovers) $6,052
Noncash Contributions $0
Total Earnings on Investments $56,303
Total Interest $1,763
Interest-Bearing Cash $14
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $1,749
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 $54,540
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 $130,455
Total Benefit Payments $117,802
Directly to participants or beneficiaries, including direct rollovers $117,802
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 $12,653
Professional Fees $2,540
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $10,113
Net Income $258,924
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2007 12/31/2006 Change YOY
Total Assets $1,106,607 $847,683 30.54%
Total noninterest-bearing cash $7,108 $4,691 51.52%
Receivables $15,910 $5,998 165.26%
Employer Contributions $3,744 $1,912 95.82%
Participant Contributions $12,166 $4,086 197.75%
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 $23,309 $18,724 24.49%
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 $1,059,686 $818,100 29.53%
Value of funds held in insurance co. general account $594 $170 249.41%
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 $1,106,607 $847,683 30.54%

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 $341,352
Jh Lifestyle Aggressive John Hancock USA DFE: Pooled Separate Account $129,604
Jh Lifestyle Balanced John Hancock USA DFE: Pooled Separate Account $111,650
Mid Cap Index Fund John Hancock USA DFE: Pooled Separate Account $48,580
500 Index Fund John Hancock USA DFE: Pooled Separate Account $44,972
Jh Lifestyle Conservative John Hancock USA DFE: Pooled Separate Account $34,076
Dynamic Growth Fund John Hancock USA DFE: Pooled Separate Account $24,806
Equity Income Fund John Hancock USA DFE: Pooled Separate Account $22,776
Mid Cap Stock Fund John Hancock USA DFE: Pooled Separate Account $18,928
Emerging Small Co Fund John Hancock USA DFE: Pooled Separate Account $16,822
Intl Small Cap Fund John Hancock USA DFE: Pooled Separate Account $16,730
Utilities Fund John Hancock USA DFE: Pooled Separate Account $16,184
Blue Chip Growth Fund John Hancock USA DFE: Pooled Separate Account $14,425
Mid Cap Value Fund John Hancock USA DFE: Pooled Separate Account $13,624
Jh Lifestyle Moderate John Hancock USA DFE: Pooled Separate Account $13,043
Small Cap Opportunities Fund John Hancock USA DFE: Pooled Separate Account $12,837
Jh American Funds Europacific John Hancock USA DFE: Pooled Separate Account $11,815
Income & Value Fund John Hancock USA DFE: Pooled Separate Account $11,549
Money Market Fund John Hancock USA DFE: Pooled Separate Account $11,211
Small Company Value Fund John Hancock USA DFE: Pooled Separate Account $10,539
U.S. Government Secs Fund John Hancock USA DFE: Pooled Separate Account $10,497
Total Return Fund John Hancock USA DFE: Pooled Separate Account $10,011
Capital Appreciation Fund John Hancock USA DFE: Pooled Separate Account $9,594
Active Bond Fund John Hancock USA DFE: Pooled Separate Account $9,201
U.S. Large Cap Fund John Hancock USA DFE: Pooled Separate Account $9,149
Real Est. Securities Fund John Hancock USA DFE: Pooled Separate Account $9,079
Small Cap Index Fund John Hancock USA DFE: Pooled Separate Account $8,843
Jh American Funds Am Balanced John Hancock USA DFE: Pooled Separate Account $8,196
Intl Equity Index Fund John Hancock USA DFE: Pooled Separate Account $8,059
Investment Qual Bond Fund John Hancock USA DFE: Pooled Separate Account $6,813
International Value Fund John Hancock USA DFE: Pooled Separate Account $6,230
Large Cap Value Fund John Hancock USA DFE: Pooled Separate Account $4,483
Core Equity Fund John Hancock USA DFE: Pooled Separate Account $3,660
Quantitative Value Fund John Hancock USA DFE: Pooled Separate Account $3,378
Strategic Bond Fund John Hancock USA DFE: Pooled Separate Account $3,230
Large Cap Fund John Hancock USA DFE: Pooled Separate Account $2,764
Quantitative Mid Cap Fund John Hancock USA DFE: Pooled Separate Account $2,389
Health Sciences Fund John Hancock USA DFE: Pooled Separate Account $2,246
Science & Technology Fund John Hancock USA DFE: Pooled Separate Account $2,168
Pacific Rim Fund John Hancock USA DFE: Pooled Separate Account $1,766
All Cap Growth Fund John Hancock USA DFE: Pooled Separate Account $1,737
High Yield Fund John Hancock USA DFE: Pooled Separate Account $1,600
All Cap Value Fund John Hancock USA DFE: Pooled Separate Account $1,225
Value Fund John Hancock USA DFE: Pooled Separate Account $1,210
Jh American Funds Inv Co Am John Hancock USA DFE: Pooled Separate Account $1,206
Jh American Funds Wash Mutual John Hancock USA DFE: Pooled Separate Account $1,188
Global Fund John Hancock USA DFE: Pooled Separate Account $1,185
Strategic Income Fund John Hancock USA DFE: Pooled Separate Account $745
Jh American Funds Growth Fund John Hancock USA DFE: Pooled Separate Account $650
Real Return Bond Fund John Hancock USA DFE: Pooled Separate Account $611
Classic Value Fund John Hancock USA DFE: Pooled Separate Account $378
International Core Fund John Hancock USA DFE: Pooled Separate Account $347
Financial Services Fund John Hancock USA DFE: Pooled Separate Account $172
Us Core Fund John Hancock USA DFE: Pooled Separate Account $153
Strategic Opps Fund (Vs) John Hancock USA DFE: Pooled Separate Account $0
Total Stock Market Index Fund John Hancock USA DFE: Pooled Separate Account $0
Global Bond Fund John Hancock USA DFE: Pooled Separate Account $0
U.S. Global Leaders Fund John Hancock USA DFE: Pooled Separate Account $0
All Cap Core Fund John Hancock USA DFE: Pooled Separate Account $0
Fundamental Value Fund John Hancock USA DFE: Pooled Separate Account $0
Total $1,059,686

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock Life Insurance Company (U.S.A) 119
EIN 01-0233346
Industry Code 65838
Contract Number 21090
Contract Year 01/01/2007 — 12/31/2007
Value in General Account at Year End $594
Value in Separate Accounts at Year End $1,059,686
Insurance Fees and Commissions $7,792
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 $4,737 $0
Great Lakes Pension Associates, Inc 37923 W. Twelve Mile Road Farmington Hills, MI 48331 Third Party Administrator $0 $2,540 TPA FEES
Great Lakes Pension Associates, Inc 37923 W. Twelve Mile Road Farmington Hills, MI 48331 Third Party Administrator $0 $515 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 $170
Additions $427
Contributions Deposited during the year $413
Dividends and credits $0
Interest credited during the year $14
Transferred from separate account $0
Other $0
Total of Balance and Additions $597
Deductions $3
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $3
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $594