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Overview

Plan Information

  • Plan Year01/01/2006 — 12/31/2006
  • Date of Plan12/29/1959
  • Net Assets as of 12/31/2006 $51,811,242
  • 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 12/31/2006

  • Active (Eligible) Participants676
  • Retired or separated participants receiving benefits98
  • Other retired or separated participants entitled to future benefits18
  • Subtotal792
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits1
  • Total793
  • Total number of participants as of 01/01/2006747
  • Number of participants with account balances793
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested37
  • Number of participants required to be reported on Schedule SSA31

Expenses

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

Sponsor Information

  • Address6811 S 27th St
  • CityLincoln
  • StateNE
  • Zip68512-4823
  • Telephone(402) 323-1828
  • EIN47-0321480
  • Industry Code522110
  • Named AdministratorBrad Crain
  • Named Plan SponsorBrad Crain

Plan Administrator Information

  • Administrator NameSAME
  • Administrator EIN

Audit Information

  • Audit StatusAudited
  • AuditorKpmg, LLP
  • Auditor EIN13-5565207
  • 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.
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.
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.

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 $10,000,000
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 $8,727,755
Contributions $4,402,088
Cash Contributions $4,402,088
Cash from Employers $1,959,245
Cash from Participants $2,025,539
Others (including rollovers) $417,304
Noncash Contributions $0
Total Earnings on Investments $4,325,667
Total Interest $231,112
Interest-Bearing Cash $56,537
U.S. Government Securities $25,625
Corporate Debt Instruments $148,950
Loans (other than to participants) $0
Participant Loans $0
Interest from Other Investments $0
Total Dividends $281,893
Preferred Stock $4,140
Common Stock $277,753
Rents $0
Net gain (loss) on sale of assets $-133,100
Aggregate Proceeds $1,300,088
Aggregate Carrying Amount $1,433,188
Total Unrealized Appreciation (depreciation) of assets $-499,299
Real Estate $0
Other $-499,299
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 $4,445,061
Other Income $0
Expenses $2,077,010
Total Benefit Payments $2,042,879
Directly to participants or beneficiaries, including direct rollovers $2,042,274
To insurance carriers for the provision of benefits $605
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $34,131
Professional Fees $8,500
Contract Administrator Fees $0
Investment Advisory and management fees $25,631
Other Administrative Fees $0
Net Income $6,650,745
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2006 12/31/2005 Change YOY
Total Assets $51,811,242 $45,160,497 14.73%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $2,002,403 $1,874,666 6.81%
Employer Contributions $1,959,245 $1,830,086 7.06%
Participant Contributions $0 $0 0.0%
Other Contributions $43,158 $44,580 -3.19%
General Investments $495,237 $791,172 -37.40%
Interest-bearing cash $0 $0 0.0%
U.S. Government Securities $495,237 $791,172 -37.40%
Corporate Debt Instruments $3,205,918 $2,967,778 8.02%
Preferred $0 $0 0.0%
All Other $3,205,918 $2,967,778 8.02%
Corporate Stocks $3,490,737 $4,529,018 -22.93%
Preferred $0 $0 0.0%
Common $3,490,737 $4,529,018 -22.93%
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 $0 $0 0.0%
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 $40,424,127 $32,999,115 22.50%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $0 $0 0.0%
Employer-related Investments $2,192,820 $1,998,748 9.71%
Employer Securities $2,192,820 $1,998,748 9.71%
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 $51,811,242 $45,160,497 14.73%

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
Bridges Investment Council Investment Management $0 $25,631 $25,631
Kpmg, LLP Accounting $8,500 $0 $8,500
Total $8,500 $25,631 $34,131

Investments

Investments

No investments information available for this plan.

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
National Western Life Insurance Co 2
EIN 84-0467208
Industry Code 66850
Contract Number N6904
Contract Year 01/01/2006 — 12/31/2006
Value in General Account at Year End $0
Value in Separate Accounts at Year End $0
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 ** Not In Table ** 1063-R0686
Premiums paid to carrier $131
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
Midland National Life Insurance 1
EIN 46-0164570
Industry Code 66044
Contract Number 453396
Contract Year 01/01/2006 — 12/31/2006
Value in General Account at Year End $0
Value in Separate Accounts at Year End $0
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 1980 Cso,Crvm Std Unisex Adjiii 4%
Premiums paid to carrier $474
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