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Overview

Plan Information

  • Plan Year01/01/2013 — 12/31/2013
  • Date of Plan01/01/2002
  • Net Assets as of 12/31/2013 $12,888,976
  • 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 12/31/2013

  • Active (Eligible) Participants683
  • Retired or separated participants receiving benefits2
  • Other retired or separated participants entitled to future benefits63
  • Subtotal748
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total748
  • Total number of participants as of 01/01/2013710
  • Number of participants with account balances267
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested17

Expenses

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

Sponsor Information

  • Address1505 W. Walnut Hill Lane
  • CityIrving
  • StateTX
  • Zip75038
  • Telephone(817) 540-7777
  • EIN04-3594063
  • Industry Code238210
  • Named AdministratorMike Mcadams
  • Named Plan SponsorMike Mcadams

Audit Information

  • Audit StatusAudited
  • AuditorCrowe Horwath LLP
  • Auditor EIN35-0921680
  • 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 $3,331,717
Contributions $1,447,053
Cash Contributions $1,447,053
Cash from Employers $378,940
Cash from Participants $920,330
Others (including rollovers) $147,783
Noncash Contributions $0
Total Earnings on Investments $1,884,664
Total Interest $131,471
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $10,590
Interest from Other Investments $120,881
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 $1,753,193
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 $1,157,732
Total Benefit Payments $1,071,782
Directly to participants or beneficiaries, including direct rollovers $1,071,782
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $70,320
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $15,630
Professional Fees $0
Contract Administrator Fees $8,207
Investment Advisory and management fees $5,698
Other Administrative Fees $1,725
Net Income $2,173,985
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2013 12/31/2012 Change YOY
Total Assets $12,888,976 $10,714,991 20.29%
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 $360,915 $341,063 5.82%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $8,318,744 $6,472,494 28.52%
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 $4,209,317 $3,901,434 7.89%
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 $12,888,976 $10,714,991 20.29%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Massachusetts Mutual Life Ins. Co.

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
Massachusetts Mutual Life Ins. Co. Investment management fees paid indirectly by plan, Sub-transfer agency fees, Distribution (12b-1) fees, Recordkeeping fees, Soft dollars commissions, Other investment fees and expenses Contract Administrator $15,629 $0 $15,629
Total $15,629 $0 $15,629

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Massachusetts Mutual Life Ins. Co. Total Return Mfs Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Prem Short-Duration Bond Babson Other investment fees and expenses Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Premier Money Market Babson Other investment fees and expenses Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Mm S & P 500 Index Northern Trust Other investment fees and expenses Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Sel Gr Opportnts Sands/Delaware Other investment fees and expenses Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Select Focused Value Harris Other investment fees and expenses Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Select Fundamental Val Wellington Other investment fees and expenses Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Mid Cap Gr Prudential Jennison Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Total Return Royce Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Select Pimco Total Return Other investment fees and expenses Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Small Cap Discovery Invesco Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Premier Global Ofi Other investment fees and expenses Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Growth America American Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. International Value Thornburg Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Lifepoints 2015 Strategy Russell Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Lifepoints 2020 Strategy Russell Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Lifepoints 2025 Strategy Russell Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Lifepoints 2030 Strategy Russell Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Lifepoints 2035 Strategy Russell Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Lifepoints 2040 Strategy Russell Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Lifepoints 2045 Strategy Russell Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Lifepoints 2050 Strategy Russell Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Lifepoints In Retirement Russell Sub-transfer agency fees Basis Points * Plan Assets $0
*As outlined by the Form 5500 Instructions for service providers with indirect compensation.

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
Sia-Ad Sel Gr Opportunities Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $1,507,242
Sia-T Mid Cap Gr Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $1,415,887
Sia-Ak Select Fundamental Val Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $1,315,094
Sia-Od Premier Global Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $862,994
Sia-Av Select Focused Value Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $858,256
Sia-Af Prem Short-Duration Bond Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $492,612
Sia-Wq Total Return Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $361,683
Sia-Vw Lifepoints 2035 Strategy Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $272,398
Sia-Wz Select Pimco Total Return Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $238,375
Sia-Ro Total Return Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $181,877
Sia-Ax Mm S & P 500 Index Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $174,356
Sia-V2 Lifepoints 2020 Strategy Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $136,913
Sia-Cj International Value Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $112,563
Sia-V4 Lifepoints 2040 Strategy Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $100,698
Sia-Vl Lifepoints 2015 Strategy Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $81,001
Sia-Vm Lifepoints 2025 Strategy Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $78,012
Sia-Rd Small Cap Discovery Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $72,767
Sia-V3 Lifepoints 2030 Strategy Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $39,141
Sia-V5 Lifepoints 2050 Strategy Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $13,172
Sia-Vz Lifepoints 2045 Strategy Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $3,692
Sia-Ag Premier Money Market Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $9
Sia-Hw Growth America Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $0
Total $8,318,742

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Massachusetts Mutual Life Insurance Company 748
EIN 04-1590850
Industry Code 65935
Contract Number FL 51619
Contract Year 01/01/2013 — 12/31/2013
Value in General Account at Year End $0
Value in Separate Accounts at Year End $8,318,744
Insurance Fees and Commissions $29,045
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Raymond James Planning Corp 880 Carillon Pkwy St Petersburg, FL 33716 Agent or Broker other than Insurance $29,045 $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 GROUP ANNUITY CONTRACT
Balance at the end of the previous year $3,901,434
Additions $2,040,960
Contributions Deposited during the year $1,299,270
Dividends and credits $0
Interest credited during the year $120,882
Transferred from separate account $239,123
Other $381,685
Total of Balance and Additions $5,942,394
Deductions $1,733,077
Disbursed from fund to pay benefits or purchase annuities during the year $360,215
Administration charge made by carrier $7,608
Transferred to Separate Account $1,295,477
Other $69,777
Balance at the end of the current year $4,209,317