Back to top
FORM 5500 DATA

Dana F. Cole & Company LLP 401k Retirement Plan

Overview

Plan Information

  • Plan Year01/01/2018 — 12/31/2018
  • Date of Plan07/01/1991
  • Net Assets as of 12/31/2018 $10,403,520
  • 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
  • Report Description This is an amended report.
  • Plan Funding ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2018

  • Active (Eligible) Participants192
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits14
  • Subtotal206
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total206
  • Total number of participants as of 01/01/2018204
  • Number of participants with account balances137
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested8

Expenses

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

Sponsor Information

  • Address1248 O St Ste 500
  • CityLincoln
  • StateNE
  • Zip68508-1424
  • Telephone(402) 479-9300
  • EIN47-0526649
  • Industry Code541211

Audit Information

  • Audit StatusAudited
  • AuditorHenjes, Conner & Williams, P.C.
  • Auditor EIN48-1292483
  • 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.
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.
3B Self-Employed Plan Plan covering Self-Employed individuals.
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.
3F Leased Employees Plan sponsor(s) received services of leased employees, as defined in Code section 414(n), during the plan year.

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 $500,000
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 $-229,963
Contributions $698,092
Cash Contributions $698,092
Cash from Employers $62,432
Cash from Participants $633,655
Others (including rollovers) $2,005
Noncash Contributions $0
Total Earnings on Investments $-928,168
Total Interest $5,955
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $5,818
Interest from Other Investments $137
Total Dividends $0
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 $4,804
Net investment gain (loss) from pooled separate accounts $-938,927
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 $0
Other Income $113
Expenses $643,661
Total Benefit Payments $641,555
Directly to participants or beneficiaries, including direct rollovers $641,555
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 $2,106
Professional Fees $0
Contract Administrator Fees $2,106
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $-873,624
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2018 12/31/2017 Change YOY
Total Assets $10,403,520 $11,277,144 -7.75%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $159,785 $209,002 -23.55%
Employer Contributions $18,198 $21,537 -15.50%
Participant Contributions $141,587 $187,465 -24.47%
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 $91,188 $131,113 -30.45%
Value of interest in common/collective trusts $917,432 $526,081 74.39%
Value of interest in pooled separate accounts $9,220,784 $10,394,349 -11.29%
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 $0 $0 0.0%
Value of funds held in insurance co. general account $14,331 $16,599 -13.66%
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 $10,403,520 $11,277,144 -7.75%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Principal Life Insurance Company

Other Service Providers Receiving Direct or Indirect Compensation

There are no service providers listed for this plan.

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

Name Position Explanation
Fuhrman, Smolsky & Furey Pc Accountant Accountant Sold Practice

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Prin Lgcap S&P 500 Index Sa-R6 Principal Life Insurance Company DFE: Pooled Separate Account $1,103,299
Prin Midcap Sep Acct-R6 Principal Life Insurance Company DFE: Pooled Separate Account $1,006,486
Principal Stable Value Fund Principal Global Investors Trust Co DFE: Common/Collective Trust $917,432
Prin Lifetime 2020 Sep Acct-R6 Principal Life Insurance Company DFE: Pooled Separate Account $773,166
Prin Lgcap Growth Sep Acct-R6 Principal Life Insurance Company DFE: Pooled Separate Account $703,018
Principal Smallcap Sep Acct-R6 Principal Life Insurance Company DFE: Pooled Separate Account $691,382
Prin Midcap Growth Sep Acct-R6 Principal Life Insurance Company DFE: Pooled Separate Account $617,659
Prin Lifetime 2030 Sep Acct-R6 Principal Life Insurance Company DFE: Pooled Separate Account $544,912
Prin Core Plus Bd Sep Acct-R6 Principal Life Insurance Company DFE: Pooled Separate Account $490,537
Prin Midcap Value III Sa-R6 Principal Life Insurance Company DFE: Pooled Separate Account $457,715
Prin U.S. Property Sep Acct-R6 Principal Life Insurance Company DFE: Pooled Separate Account $429,711
Prin Diversified Intl Sa-R6 Principal Life Insurance Company DFE: Pooled Separate Account $392,775
Prin Intl Emerg Markets Sa-R6 Principal Life Insurance Company DFE: Pooled Separate Account $380,755
Prin Intl Smallcap Sep Acct-R6 Principal Life Insurance Company DFE: Pooled Separate Account $324,901
Prin Equity Income Sa-R6 Principal Life Insurance Company DFE: Pooled Separate Account $267,871
Prin Lifetime 2040 Sep Acct-R6 Principal Life Insurance Company DFE: Pooled Separate Account $255,860
Prin Govt & Hq Bond Sa-R6 Principal Life Insurance Company DFE: Pooled Separate Account $220,126
Prin Smcap S&P 600 Index Sa-R6 Principal Life Insurance Company DFE: Pooled Separate Account $155,115
Prin Lifetime 2050 Sep Acct-R6 Principal Life Insurance Company DFE: Pooled Separate Account $101,116
Prin Lifetime Strat Inc Sa-R6 Principal Life Insurance Company DFE: Pooled Separate Account $95,056
Prin Midcap S&P 400 Inx Sa-R6 Principal Life Insurance Company DFE: Pooled Separate Account $88,631
Prin Lifetime 2060 Sep Acct-R6 Principal Life Insurance Company DFE: Pooled Separate Account $54,795
Prin Lifetime 2010 Sep Acct-R6 Principal Life Insurance Company DFE: Pooled Separate Account $43,398
Prin Fin Grp, Inc. Stock Sa-R6 Principal Life Insurance Company DFE: Pooled Separate Account $22,500
Prin Lgcap Value Sep Acct-R6 Principal Life Insurance Company DFE: Pooled Separate Account $0
Total $10,138,216

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Principal Life Insurance Company 206
EIN 42-0127290
Industry Code 61271
Contract Number 316774
Contract Year 01/01/2018 — 12/31/2018
Value in General Account at Year End $14,331
Value in Separate Accounts at Year End $9,220,784
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 $16,990
Additions $137
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $137
Transferred from separate account $0
Other $0
Total of Balance and Additions $17,127
Deductions $2,518
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $0
Transferred to Separate Account $2,518
Other $0
Balance at the end of the current year $14,609