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FORM 5500 DATA

Union Bank & Trust Company Profit Sharing Plan

Overview

Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan01/01/1959
  • Net Assets as of 12/31/2019 $169,379,373
  • 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 12/31/2019

  • Active (Eligible) Participants943
  • Retired or separated participants receiving benefits46
  • Other retired or separated participants entitled to future benefits224
  • Subtotal1,213
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total1,213
  • Total number of participants as of 01/01/20191,202
  • Number of participants with account balances1,213
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested117

Expenses

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

Sponsor Information

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

Audit Information

  • Audit StatusAudited
  • AuditorLutz & Company
  • Auditor EIN47-0625816
  • 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.
2S Automatic Enrollment Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
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? 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 $15,000,000
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 $39,487,741
Contributions $10,480,862
Cash Contributions $10,480,862
Cash from Employers $4,089,759
Cash from Participants $4,999,292
Others (including rollovers) $1,391,811
Noncash Contributions $0
Total Earnings on Investments $29,006,879
Total Interest $382,274
Interest-Bearing Cash $45,106
U.S. Government Securities $129,618
Corporate Debt Instruments $207,550
Loans (other than to participants) $0
Participant Loans $0
Interest from Other Investments $0
Total Dividends $5,212,946
Preferred Stock $0
Common Stock $172,787
Rents $0
Net gain (loss) on sale of assets $1,130,639
Aggregate Proceeds $14,282,498
Aggregate Carrying Amount $13,151,859
Total Unrealized Appreciation (depreciation) of assets $3,250,280
Real Estate $0
Other $3,250,280
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 $19,030,740
Other Income $0
Expenses $5,340,047
Total Benefit Payments $5,315,194
Directly to participants or beneficiaries, including direct rollovers $5,315,194
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 $24,853
Professional Fees $24,853
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $34,147,694
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2019 12/31/2018 Change YOY
Total Assets $169,379,373 $135,231,679 25.25%
Total noninterest-bearing cash $102,698 $109,424 -6.15%
Receivables $3,378,865 $3,230,523 4.59%
Employer Contributions $3,277,056 $3,127,944 4.77%
Participant Contributions $0 $0 0.0%
Other Contributions $101,809 $102,579 -0.75%
General Investments $8,048,367 $8,112,983 -0.80%
Interest-bearing cash $2,748,733 $1,774,939 54.86%
U.S. Government Securities $5,299,634 $6,338,044 -16.38%
Corporate Debt Instruments $6,557,162 $5,398,827 21.46%
Preferred $0 $0 0.0%
All Other $6,557,162 $5,398,827 21.46%
Corporate Stocks $10,785,337 $8,588,391 25.58%
Preferred $8,170 $8,170 0.00%
Common $10,777,167 $8,580,221 25.60%
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 $134,222,625 $104,145,884 28.88%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $22,432 $21,312 5.26%
Employer-related Investments $6,261,887 $5,624,335 11.34%
Employer Securities $6,261,887 $5,624,335 11.34%
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 $169,379,373 $135,231,679 25.25%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

There is no information on eligible indirect compensation for this plan.

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
Lutz & Company, Pc Accounting (including auditing), Direct payment from the plan NONE $15,000 $0 $15,000
Matrix Clearence and Settlement Securities brokerage, Sub-transfer agency fees NONE $0 $0 $0
Total $15,000 $0 $15,000

Indirect Compensation

There are no service providers with indirect compensation listed for this plan.

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

No investments information available for this plan.

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
National Western Life Insurance Co. 1
EIN 84-0467208
Industry Code 66850
Contract Number N6904
Contract Year 01/01/2019 — 12/31/2019
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
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