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Overview

Plan Information

  • Plan Year01/01/2007 — 12/31/2007
  • Date of Plan04/01/1997
  • Net Assets as of 12/31/2007 $74,190,518
  • 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) Participants11,883
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits103
  • Subtotal11,986
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total11,986
  • Total number of participants as of 01/01/200711,565
  • Number of participants with account balances3,117
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested268
  • Number of participants required to be reported on Schedule SSA36

Expenses

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

Sponsor Information

  • Address680 Pilot Rd Ste D
  • CityLas Vegas
  • StateNV
  • Zip89119-9020
  • Telephone(702) 733-4756
  • EIN46-0484987
  • Industry Code713200
  • Named AdministratorJames Pettis
  • Named Plan SponsorJames Pettis

Plan Administrator Information

  • Administrator NameSAME
  • Administrator EIN

Audit Information

  • Audit StatusAudited
  • AuditorErnst Young LLP
  • Auditor EIN34-6565596
  • 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.
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 $5,000,000
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

Financials

Income and Expense Statement

Income $25,858,011
Contributions $21,975,051
Cash Contributions $21,975,051
Cash from Employers $4,771,925
Cash from Participants $14,617,754
Others (including rollovers) $2,585,372
Noncash Contributions $0
Total Earnings on Investments $3,882,960
Total Interest $202,989
Interest-Bearing Cash $2,636
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $200,353
Interest from Other Investments $0
Total Dividends $2,777
Preferred Stock $0
Common Stock $2,777
Rents $0
Net gain (loss) on sale of assets $48,206
Aggregate Proceeds $792,916
Aggregate Carrying Amount $744,710
Total Unrealized Appreciation (depreciation) of assets $39,847
Real Estate $0
Other $39,847
Net investment gain (loss) from common/collective trusts $318,267
Net investment gain (loss) from pooled separate accounts $2,432,851
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 $838,023
Other Income $0
Expenses $4,826,457
Total Benefit Payments $4,585,870
Directly to participants or beneficiaries, including direct rollovers $4,550,661
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $35,209
Corrective Distributions $12,835
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $227,752
Professional Fees $0
Contract Administrator Fees $221,491
Investment Advisory and management fees $6,250
Other Administrative Fees $11
Net Income $21,031,554
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 $74,190,518 $53,158,964 39.56%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $855,065 $77,597 1001.93%
Employer Contributions $227,743 $18,645 1121.47%
Participant Contributions $627,322 $58,952 964.12%
Other Contributions $0 $0 0.0%
General Investments $118,551 $36,725 222.81%
Interest-bearing cash $118,551 $36,725 222.81%
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 $637,354 $296,059 115.28%
Preferred $0 $0 0.0%
Common $637,354 $296,059 115.28%
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 $3,164,090 $2,134,402 48.24%
Value of interest in common/collective trusts $7,190,003 $6,335,828 13.48%
Value of interest in pooled separate accounts $51,854,879 $37,489,755 38.32%
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 $10,370,576 $6,788,598 52.76%
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 $74,190,518 $53,158,964 39.56%

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
Principal Life Insurance Company Contract Administrator $0 $221,491 $221,491
Citibank Custodial Services $0 $6,250 $6,250
Total $0 $227,741 $227,741

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Principal Stable Value Fund Union Bond & Trust Company DFE: Common/Collective Trust $7,190,003
Principal Intl Sm Co Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $6,968,389
Principal Divers Intl Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $6,948,297
Principal U.S. Property Sepact Principal Life Insurance Company DFE: Pooled Separate Account $5,649,308
Principal Lifetm 2030 Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $4,257,596
Principal Lifetm 2020 Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $3,750,076
Prin Lg Cp Stk Idx Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $3,638,866
Prin Ptr Md-Cp Val I Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $2,980,046
Prin Sm Cap Stk Idx Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $2,752,689
Principal Lifetm 2040 Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $2,725,677
Prin Ptr Lg-Cap Gr II Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $2,404,464
Prin Ptr Lg-Cap Blend Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $2,216,319
Prin Ptr Lg-Cap Value Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $1,689,960
Principal Real Est Sec Sepacct Principal Life Insurance Company DFE: Pooled Separate Account $1,457,023
Principal Lifetm 2010 Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $1,249,811
Prin Mid Cap Stk Idx Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $990,036
Prin Ptr Sm-Cap Val I Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $827,485
Principal Lifetm 2050 Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $719,314
Prin Ptr Sm-Cp Gr II Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $487,459
Prin Lifetm Str Inc Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $142,064
Russ Life Con Str Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $0
Total $59,044,882

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Principal Life Insurance Company 11,986
EIN 42-0127290
Industry Code 61271
Contract Number 4-43136
Contract Year 01/01/2007 — 12/31/2007
Value in General Account at Year End $0
Value in Separate Accounts at Year End $51,854,879
Insurance Fees and Commissions $109,547
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Doroshow Insurance Inc 8975 S Pecos Road Henderson, NV 89074 -0000 Insurance Agent or Broker $107,281 $2,266 REFERRAL/SERVICE FEE
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 Unspecified
Balance at the end of the previous year $0
Additions $0
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $0
Transferred from separate account $0
Other $0
Total of Balance and Additions $0
Deductions $0
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $0