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Overview

Plan Information

  • Plan Year01/01/2014 — 12/31/2014
  • Date of Plan04/01/1997
  • Net Assets as of 12/31/2014 $160,395,421
  • 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 12/31/2014

  • Active (Eligible) Participants12,113
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits307
  • Subtotal12,420
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits2
  • Total12,422
  • Total number of participants as of 01/01/201412,178
  • Number of participants with account balances3,488
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested28

Expenses

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

Sponsor Information

  • Address3720 Howard Hughes Parkway
  • CityLas Vegas
  • StateNV
  • Zip89169-6016
  • Telephone(702) 770-4755
  • EIN46-0484987
  • Industry Code713200
  • Named AdministratorMatt Maddox
  • Named Plan SponsorMatt Maddox

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.
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? Yes $8,720
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 $29,632,501
Contributions $19,461,343
Cash Contributions $19,461,343
Cash from Employers $1,965,405
Cash from Participants $15,373,819
Others (including rollovers) $2,122,119
Noncash Contributions $0
Total Earnings on Investments $10,171,087
Total Interest $351,840
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $351,840
Interest from Other Investments $0
Total Dividends $1,230,247
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 $280,551
Net investment gain (loss) from pooled separate accounts $5,288,060
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 $3,020,389
Other Income $71
Expenses $10,619,750
Total Benefit Payments $10,351,352
Directly to participants or beneficiaries, including direct rollovers $10,347,619
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $3,733
Corrective Distributions $90,488
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $177,910
Professional Fees $0
Contract Administrator Fees $176,091
Investment Advisory and management fees $1,819
Other Administrative Fees $0
Net Income $19,012,751
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2014 12/31/2013 Change YOY
Total Assets $160,476,889 $141,483,550 13.42%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $1,965,405 $1,220,464 61.04%
Employer Contributions $1,965,405 $1,220,464 61.04%
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 $9,273,747 $7,819,090 18.60%
Value of interest in common/collective trusts $17,630,105 $17,838,276 -1.17%
Value of interest in pooled separate accounts $64,242,140 $56,242,746 14.22%
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 $67,365,492 $58,362,974 15.43%
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 $81,468 $100,880 -19.24%
Benefit Claims Payable (1) $81,468 $100,392 -18.85%
Operating Payables (1) $0 $0 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $488 0.0%
Net Assets $160,395,421 $141,382,670 13.45%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Principal Life Insurance Company

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
Principal Life Insurance Company Contract Administrator, Participant loan processing, Direct payment from the plan, Recordkeeping fees Contract Administrator $176,091 $0 $176,091
William E Hamm and Associates Inc Investment advisory (plan), Other fees Investment Advisory $0 $108,917 $108,917
Total $176,091 $108,917 $285,008

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
William E Hamm and Associates Inc Principal Life Insurance Company Investment advisory (plan), Other fees Investment Advisory (Plan) $108,917
*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
Principal Stable Value Inst Union Bond & Trust Company DFE: Common/Collective Trust $17,630,105
Prin Lgcp S&P 500 Index Sa-Z Principal Life Insurance Company DFE: Pooled Separate Account $10,969,605
Prin Real Estate Secs Sa-Z Principal Life Insurance Company DFE: Pooled Separate Account $9,846,114
Prin Smcap S&P 600 Index Sa-Z Principal Life Insurance Company DFE: Pooled Separate Account $7,970,571
Prin Largecap Growth I Sa-Z Principal Life Insurance Company DFE: Pooled Separate Account $7,625,313
Prin Diversified Intl Sa-Z Principal Life Insurance Company DFE: Pooled Separate Account $6,742,299
Prin Intl Smallcap Sep Acct-Z Principal Life Insurance Company DFE: Pooled Separate Account $6,627,127
Prin Midcap Value I Sa-Z Principal Life Insurance Company DFE: Pooled Separate Account $5,982,518
Prin Largecap Blend II Sa-Z Principal Life Insurance Company DFE: Pooled Separate Account $4,298,434
Prin Midcap S&P 400 Idx Sa-Z Principal Life Insurance Company DFE: Pooled Separate Account $4,180,159
Total $81,872,245

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Principal Life Insurance Company 12,422
EIN 42-0127290
Industry Code 61271
Contract Number 443136
Contract Year 01/01/2014 — 12/31/2014
Value in General Account at Year End $0
Value in Separate Accounts at Year End $64,242,140
Insurance Fees and Commissions $0
Persons Receiving Commissions and Fees There are no brokers listed for this plan.
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 FLEXIBLE INVESTMENT ANNUITY
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