Back to top
FORM 5500 DATA

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

Overview

Plan Information

  • Plan Year01/01/2008 — 12/31/2008
  • Date of Plan01/01/2003
  • Net Assets as of 12/31/2008 $841,974
  • 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 12/31/2008

  • Active (Eligible) Participants153
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits23
  • Subtotal176
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total176
  • Total number of participants as of 01/01/2008225
  • Number of participants with account balances102
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested8
  • 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

  • Address9770 Patriot Blvd., Ste. 100
  • CityLadson
  • StateSC
  • Zip29456-6703
  • Telephone(843) 486-5400
  • EIN04-3590499
  • Industry Code336300
  • Named Plan SponsorEl Ack

Plan Administrator Information

  • Administrator NameSAME
  • Administrator EIN

Audit Information

  • Audit StatusAudited
  • AuditorRoedl Langford De Kock LLP
  • 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.
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 $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 $-19,875
Contributions $371,271
Cash Contributions $371,271
Cash from Employers $51,439
Cash from Participants $284,859
Others (including rollovers) $34,973
Noncash Contributions $0
Total Earnings on Investments $-391,146
Total Interest $1,937
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $1,899
Interest from Other Investments $38
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 $-393,083
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 $244,758
Total Benefit Payments $227,859
Directly to participants or beneficiaries, including direct rollovers $227,859
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 $16,899
Professional Fees $8,342
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $8,557
Net Income $-264,633
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2008 12/31/2007 Change YOY
Total Assets $841,974 $1,106,607 -23.91%
Total noninterest-bearing cash $0 $7,108 -100.00%
Receivables $1,760 $15,910 -88.94%
Employer Contributions $1,760 $3,744 -52.99%
Participant Contributions $0 $12,166 -100.00%
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 $26,194 $23,309 12.38%
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 $813,144 $1,059,686 -23.27%
Value of funds held in insurance co. general account $876 $594 47.47%
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 $841,974 $1,106,607 -23.91%

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
Lifestyle Growth John Hancock USA DFE: Pooled Separate Account $278,445
Lifestyle Balanced John Hancock USA DFE: Pooled Separate Account $111,648
Lifestyle Aggressive John Hancock USA DFE: Pooled Separate Account $108,413
500 Index Fund John Hancock USA DFE: Pooled Separate Account $38,915
Equity Income Fund John Hancock USA DFE: Pooled Separate Account $18,977
Lifestyle Moderate John Hancock USA DFE: Pooled Separate Account $16,068
Money Market Fund John Hancock USA DFE: Pooled Separate Account $15,539
Mid Cap Index Fund John Hancock USA DFE: Pooled Separate Account $15,066
Wamco U.S. Government Sec Fund John Hancock USA DFE: Pooled Separate Account $14,549
Total Return Fund John Hancock USA DFE: Pooled Separate Account $12,677
Active Bond Fund John Hancock USA DFE: Pooled Separate Account $12,485
American Balanced Fund John Hancock USA DFE: Pooled Separate Account $12,004
Investment Qual Bond Fund John Hancock USA DFE: Pooled Separate Account $11,891
Capital Appreciation Fund John Hancock USA DFE: Pooled Separate Account $11,360
Mid Cap Value Fund John Hancock USA DFE: Pooled Separate Account $11,200
Income & Value Fund John Hancock USA DFE: Pooled Separate Account $10,747
Blue Chip Growth Fund John Hancock USA DFE: Pooled Separate Account $10,316
Small Company Value Fund John Hancock USA DFE: Pooled Separate Account $9,549
Real Est. Securities Fund John Hancock USA DFE: Pooled Separate Account $9,212
Lifestyle Conservative John Hancock USA DFE: Pooled Separate Account $9,114
Intl Equity Index Fund John Hancock USA DFE: Pooled Separate Account $7,760
U.S. Large Cap Fund John Hancock USA DFE: Pooled Separate Account $7,377
Small Cap Index Fund John Hancock USA DFE: Pooled Separate Account $7,082
Large Cap Value Fund John Hancock USA DFE: Pooled Separate Account $5,588
Optimized Value Fund John Hancock USA DFE: Pooled Separate Account $4,933
International Value Fund John Hancock USA DFE: Pooled Separate Account $4,810
Strategic Bond Fund John Hancock USA DFE: Pooled Separate Account $3,990
Mid Cap Stock Fund John Hancock USA DFE: Pooled Separate Account $3,908
Intl Small Cap Fund John Hancock USA DFE: Pooled Separate Account $3,896
Core Equity Fund John Hancock USA DFE: Pooled Separate Account $3,614
American Century Vista John Hancock USA DFE: Pooled Separate Account $3,213
All Cap Growth Fund John Hancock USA DFE: Pooled Separate Account $2,537
Health Sciences Fund John Hancock USA DFE: Pooled Separate Account $2,018
High Yield Fund John Hancock USA DFE: Pooled Separate Account $1,948
Large Cap Fund John Hancock USA DFE: Pooled Separate Account $1,827
Emerging Small Co Fund John Hancock USA DFE: Pooled Separate Account $1,792
Europacific Growth Fund John Hancock USA DFE: Pooled Separate Account $1,625
Pacific Rim Fund John Hancock USA DFE: Pooled Separate Account $1,578
Science & Technology Fund John Hancock USA DFE: Pooled Separate Account $1,496
Utilities Fund John Hancock USA DFE: Pooled Separate Account $1,231
The Growth Fund of America John Hancock USA DFE: Pooled Separate Account $997
Total Stock Market Index Fund John Hancock USA DFE: Pooled Separate Account $815
Strategic Income Fund John Hancock USA DFE: Pooled Separate Account $677
International Core Fund John Hancock USA DFE: Pooled Separate Account $135
Financial Services Fund John Hancock USA DFE: Pooled Separate Account $122
Investment Company of America John Hancock USA DFE: Pooled Separate Account $0
Global Fund John Hancock USA DFE: Pooled Separate Account $0
Real Return Bond Fund John Hancock USA DFE: Pooled Separate Account $0
Quantitative Mid Cap Fund John Hancock USA DFE: Pooled Separate Account $0
Us Core Fund John Hancock USA DFE: Pooled Separate Account $0
All Cap Value Fund John Hancock USA DFE: Pooled Separate Account $0
Value Fund John Hancock USA DFE: Pooled Separate Account $0
Small Cap Opportunities Fund John Hancock USA DFE: Pooled Separate Account $0
Dynamic Growth Fund John Hancock USA DFE: Pooled Separate Account $0
Classic Value Fund John Hancock USA DFE: Pooled Separate Account $0
Optimized All Cap Fund John Hancock USA DFE: Pooled Separate Account $0
Washington Mutual Investors John Hancock USA DFE: Pooled Separate Account $0
Total $813,144

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock Life Insurance Company (U.S.A) 102
EIN 01-0233346
Industry Code 65838
Contract Number 21090
Contract Year 01/01/2008 — 12/31/2008
Value in General Account at Year End $876
Value in Separate Accounts at Year End $813,144
Insurance Fees and Commissions $13,983
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Great Lakes Pension Associates, Inc 37923 W. Twelve Mile Road Farmington Hills, MI 48331 Third Party Administrator $0 $8,342 TPA FEES
Ashton Young, Inc. 2150 Butterfield, Suite 110 TROY, MI 48084 Insurance Agent or Broker $5,125 $0
Great Lakes Pension Associates, Inc 37923 W. Twelve Mile Road Farmington Hills, MI 48331 Third Party Administrator $0 $516 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
Balance at the end of the previous year $594
Additions $520
Contributions Deposited during the year $496
Dividends and credits $0
Interest credited during the year $24
Transferred from separate account $0
Other $0
Total of Balance and Additions $1,114
Deductions $251
Disbursed from fund to pay benefits or purchase annuities during the year $247
Administration charge made by carrier $4
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $863