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FORM 5500 DATA

American Angus Association Discretionary Defined Contribution Plan

Overview

Plan Information

  • Plan Year01/01/2007 — 12/31/2007
  • Date of Plan01/01/1991
  • Net Assets as of 12/31/2007 $15,325,815
  • Plan Number2
  • Plan Type Single Employer
  • Is the plan collectively bargained? No
  • Did the plan file for an extension of time or the DFVC Program? No
  • Plan Funding Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2007

  • Active (Eligible) Participants216
  • Retired or separated participants receiving benefits2
  • Other retired or separated participants entitled to future benefits18
  • Subtotal236
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits1
  • Total237
  • Total number of participants as of 01/01/2007228
  • Number of participants with account balances218
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested1
  • Number of participants required to be reported on Schedule SSA3

Expenses

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

Sponsor Information

  • Address3201 Frederick Ave
  • CitySaint Joseph
  • StateMO
  • Zip64506-2912
  • Telephone(816) 383-5100
  • EIN44-0605539
  • Industry Code813000
  • Named AdministratorRichard E. Wilson
  • Named Plan SponsorRichard E. Wilson

Plan Administrator Information

  • Administrator NameSAME
  • Administrator EIN

Audit Information

  • Audit StatusAudited
  • AuditorClifton Gunderson, LLP
  • Auditor EIN37-0802863
  • 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.
2H Partial participant-directed account plan Participants have the opportunity to direct the investment of a portion of 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.
2R Brokerage Window Participant-directed brokerage accounts provided as an investment option under the plan.
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 $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? Yes
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 $2,908,633
Contributions $1,491,520
Cash Contributions $1,491,520
Cash from Employers $756,826
Cash from Participants $733,410
Others (including rollovers) $1,284
Noncash Contributions $0
Total Earnings on Investments $1,416,724
Total Interest $57,743
Interest-Bearing Cash $56,286
U.S. Government Securities $162
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $1,295
Interest from Other Investments $0
Total Dividends $52,980
Preferred Stock $0
Common Stock $52,980
Rents $0
Net gain (loss) on sale of assets $-31,404
Aggregate Proceeds $22,310,750
Aggregate Carrying Amount $22,342,154
Total Unrealized Appreciation (depreciation) of assets $797,936
Real Estate $0
Other $797,936
Net investment gain (loss) from common/collective trusts $0
Net investment gain (loss) from pooled separate accounts $0
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 $539,469
Other Income $389
Expenses $503,031
Total Benefit Payments $427,469
Directly to participants or beneficiaries, including direct rollovers $427,469
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 $75,562
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $74,437
Other Administrative Fees $1,125
Net Income $2,405,602
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 $15,325,815 $12,920,213 18.62%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $231,867 $201,350 15.16%
Employer Contributions $189,519 $177,046 7.05%
Participant Contributions $42,348 $24,304 74.24%
Other Contributions $0 $0 0.0%
General Investments $1,359,167 $1,143,517 18.86%
Interest-bearing cash $1,359,167 $1,143,517 18.86%
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 $4,062,668 $5,326,831 -23.73%
Preferred $0 $0 0.0%
Common $4,062,668 $5,326,831 -23.73%
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 $30,180 $2,989 909.70%
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 $9,641,933 $6,245,526 54.38%
Value of funds held in insurance co. general account $0 $0 0.0%
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 $15,325,815 $12,920,213 18.62%

Service Providers

Service Providers

Name Nature of Service Relationship to Plan Sponsor Gross Salary or Allowances Paid by Plan Fees and Commissions Paid by Plan Total Salary/Fees
Marshall & Ilsley Trust Company Investment Management $0 $43,032 $43,032
Chase Investment Counsel Investment Management $0 $31,405 $31,405
Total $0 $74,437 $74,437

Investments

Investments

No investments information available for this plan.

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.