Back to top
FORM 5500 DATA

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

Overview

Plan Information

  • Plan Year01/01/2009 — 12/31/2009
  • Date of Plan01/01/2003
  • Net Assets as of 12/31/2009 $1,326,947
  • 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) Participants150
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits22
  • Subtotal172
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total172
  • Total number of participants as of 01/01/2009178
  • Number of participants with account balances99
  • 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

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

Plan Administrator Information

  • Administrator NameBarbara Corbin
  • Address9770 Patriot Blvd., Ste. 100
  • CityLadson
  • StateSC
  • Zip29456
  • Telephone(843) 486-5400
  • Administrator EIN04-3590499

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.
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 $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
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 $561,750
Contributions $276,615
Cash Contributions $276,615
Cash from Employers $45,021
Cash from Participants $231,594
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $285,093
Total Interest $1,784
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $1,749
Interest from Other Investments $35
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 $283,309
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 $42
Expenses $76,777
Total Benefit Payments $64,444
Directly to participants or beneficiaries, including direct rollovers $64,444
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 $12,333
Professional Fees $2,975
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $9,358
Net Income $484,973
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 $1,328,147 $841,974 57.74%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $5,680 $1,760 222.73%
Employer Contributions $5,680 $1,760 222.73%
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 $38,278 $26,194 46.13%
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 $1,281,578 $813,144 57.61%
Value of funds held in insurance co. general account $2,611 $876 198.06%
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 $1,200 $0 0.0%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $1,200 $0 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $1,326,947 $841,974 57.60%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

There is no information on eligible indirect compensation for this plan.

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
John Hancock Life Insurance Company Recordkeeping and information management (computing, tabulating, data processing, etc.), Investment management, Shareholder servicing fees, Sub-transfer agency fees, Float revenue, Distribution (12b-1) fees, Other insurance wrap fees Recordkeeper $412 $0 $412
Total $412 $0 $412

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
Lifestyle Growth John Hancock USA DFE: Pooled Separate Account $454,505
Lifestyle Balanced John Hancock USA DFE: Pooled Separate Account $164,514
Lifestyle Aggressive John Hancock USA DFE: Pooled Separate Account $152,543
500 Index Fund John Hancock USA DFE: Pooled Separate Account $51,898
American Balanced Fund John Hancock USA DFE: Pooled Separate Account $34,461
Equity Income Fund John Hancock USA DFE: Pooled Separate Account $29,935
Lifestyle Conservative John Hancock USA DFE: Pooled Separate Account $28,574
Lifestyle Moderate John Hancock USA DFE: Pooled Separate Account $26,289
Mid Cap Index Fund John Hancock USA DFE: Pooled Separate Account $23,229
Money Market Fund John Hancock USA DFE: Pooled Separate Account $21,674
Total Return Fund John Hancock USA DFE: Pooled Separate Account $21,668
Capital Appreciation Fund John Hancock USA DFE: Pooled Separate Account $20,991
Mid Value Fund John Hancock USA DFE: Pooled Separate Account $20,152
Active Bond Fund John Hancock USA DFE: Pooled Separate Account $18,288
Blue Chip Growth Fund John Hancock USA DFE: Pooled Separate Account $18,005
Wamco U.S. Government Sec Fund John Hancock USA DFE: Pooled Separate Account $17,797
Intl Equity Index Fund John Hancock USA DFE: Pooled Separate Account $16,444
Investment Qual Bond Fund John Hancock USA DFE: Pooled Separate Account $16,206
Small Company Value Fund John Hancock USA DFE: Pooled Separate Account $14,024
Fundamental Investors John Hancock USA DFE: Pooled Separate Account $11,022
Small Cap Index Fund John Hancock USA DFE: Pooled Separate Account $10,050
Intl Small Cap Fund John Hancock USA DFE: Pooled Separate Account $9,953
International Value Fund John Hancock USA DFE: Pooled Separate Account $9,280
Total Stock Market Index Fund John Hancock USA DFE: Pooled Separate Account $8,648
Large Cap Value Fund John Hancock USA DFE: Pooled Separate Account $6,636
Real Est. Securities Fund John Hancock USA DFE: Pooled Separate Account $6,513
Strategic Bond Fund John Hancock USA DFE: Pooled Separate Account $6,427
Mid Cap Stock Fund John Hancock USA DFE: Pooled Separate Account $6,292
Optimized Value Fund John Hancock USA DFE: Pooled Separate Account $6,144
American Century Vista John Hancock USA DFE: Pooled Separate Account $5,787
High Yield Fund John Hancock USA DFE: Pooled Separate Account $5,443
All Cap Growth Fund John Hancock USA DFE: Pooled Separate Account $5,149
Fundamental Value Fund John Hancock USA DFE: Pooled Separate Account $4,651
Large Cap Fund John Hancock USA DFE: Pooled Separate Account $3,778
Science & Technology Fund John Hancock USA DFE: Pooled Separate Account $3,624
Aim Small Cap Growth John Hancock USA DFE: Pooled Separate Account $3,398
Europacific Growth Fund John Hancock USA DFE: Pooled Separate Account $3,351
T. Rowe Price Health Sci John Hancock USA DFE: Pooled Separate Account $3,062
Utilities Fund John Hancock USA DFE: Pooled Separate Account $2,754
Pacific Rim Fund John Hancock USA DFE: Pooled Separate Account $2,470
The Growth Fund of America John Hancock USA DFE: Pooled Separate Account $2,392
Strategic Income Opp Fund John Hancock USA DFE: Pooled Separate Account $1,640
Value Fund John Hancock USA DFE: Pooled Separate Account $688
Natural Resources Fund John Hancock USA DFE: Pooled Separate Account $568
Blackrock Global Allocation John Hancock USA DFE: Pooled Separate Account $241
Financial Services Fund John Hancock USA DFE: Pooled Separate Account $222
International Core Fund John Hancock USA DFE: Pooled Separate Account $198
Mid Cap Value Fund John Hancock USA DFE: Pooled Separate Account $0
U.S. Large Cap Fund John Hancock USA DFE: Pooled Separate Account $0
Health Sciences Fund John Hancock USA DFE: Pooled Separate Account $0
Emerging Small Co Fund John Hancock USA DFE: Pooled Separate Account $0
Small Cap Growth Index John Hancock USA DFE: Pooled Separate Account $0
Income & Value Fund John Hancock USA DFE: Pooled Separate Account $0
Core Equity Fund John Hancock USA DFE: Pooled Separate Account $0
Total $1,281,578

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock Life Insurance Company USA 99
EIN 01-0233346
Industry Code 65838
Contract Number 21090
Contract Year 01/01/2009 — 12/31/2009
Value in General Account at Year End $2,611
Value in Separate Accounts at Year End $1,281,578
Insurance Fees and Commissions $5,529
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 $5,015 $0
Great Lakes Pension Associates, Inc 37923 W. Twelve Mile Road Farmington Hills, MI 48331 Third Party Administrator $0 $514 TPA FORUM COMPENSATION - 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 GROUP ANNUITY CONTRACT
Balance at the end of the previous year $863
Additions $1,700
Contributions Deposited during the year $465
Dividends and credits $0
Interest credited during the year $35
Transferred from separate account $1,200
Other $0
Total of Balance and Additions $2,563
Deductions $7
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $7
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $2,556