Back to top
FORM 5500 DATA

Olsson Associates, Inc. 401k Profit Sharing Plan

Overview

Plan Information

  • Plan Year01/01/2017 — 12/31/2017
  • Date of Plan05/01/1971
  • Net Assets as of 12/31/2017 $108,628,098
  • 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 Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2017

  • Active (Eligible) Participants1,109
  • Retired or separated participants receiving benefits2
  • Other retired or separated participants entitled to future benefits174
  • Subtotal1,285
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total1,285
  • Total number of participants as of 01/01/20171,197
  • Number of participants with account balances1,248
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested0

Expenses

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

Sponsor Information

  • Address601 P Street
  • CityLincoln
  • StateNE
  • Zip68508
  • Telephone(402) 474-6311
  • EIN47-0781766
  • Industry Code541330
  • Named AdministratorAndrea Adams
  • Named Plan SponsorMelissa Newton

Audit Information

  • Audit StatusAudited
  • AuditorBkd, LLP
  • Auditor EIN44-0160260
  • 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.
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.

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 $28,654,506
Contributions $10,907,976
Cash Contributions $10,907,976
Cash from Employers $2,372,460
Cash from Participants $6,480,985
Others (including rollovers) $2,054,531
Noncash Contributions $0
Total Earnings on Investments $17,746,530
Total Interest $34,145
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $34,145
Interest from Other Investments $0
Total Dividends $5,950,984
Preferred Stock $0
Common Stock $0
Rents $0
Net gain (loss) on sale of assets $-32,548
Aggregate Proceeds $1,169,657
Aggregate Carrying Amount $1,202,205
Total Unrealized Appreciation (depreciation) of assets $4
Real Estate $0
Other $4
Net investment gain (loss) from common/collective trusts $111,758
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 $11,682,187
Other Income $0
Expenses $9,190,180
Total Benefit Payments $8,937,261
Directly to participants or beneficiaries, including direct rollovers $8,937,261
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 $252,919
Professional Fees $0
Contract Administrator Fees $14,894
Investment Advisory and management fees $238,025
Other Administrative Fees $0
Net Income $19,464,326
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2017 12/31/2016 Change YOY
Total Assets $108,628,098 $89,163,772 21.83%
Total noninterest-bearing cash $-1,442 $0 0.0%
Receivables $8,291 $0 0.0%
Employer Contributions $0 $0 0.0%
Participant Contributions $0 $0 0.0%
Other Contributions $8,291 $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 $734,985 $670,607 9.60%
Value of interest in common/collective trusts $4,061,927 $3,784,796 7.32%
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 $103,824,337 $84,708,369 22.57%
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 $108,628,098 $89,163,772 21.83%

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
Massachusetts Mutual Life Ins. Co. Investment management fees paid indirectly by plan, Recordkeeping fees, Other investment fees and expenses Contract Administrator $252,918 $0 $252,918
D.A. Davidson & Co. Investment advisory (plan) Investment Advisor $0 $112,804 $112,804
State Street Bank & Trust Company Trustee (bank, trust company, or similar financial institution) Service Provider $32,543 $0 $32,543
Alger Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Allianz Global Investors Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
American Funds Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
American Funds Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
American Funds Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
American Funds Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
American Funds Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
American Funds Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
American Funds Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
American Funds Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
American Funds Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
American Funds Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
American Funds Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
American Funds Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Blackrock Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
First Eagle Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Franklintempleton Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Franklintempleton Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Invesco Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Manning & Napier Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Natixis Funds Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Oppenheimer Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Pimco Funds Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Vanguard Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Vanguard Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Vanguard Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Total $285,461 $112,804 $398,265

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Massachusetts Mutual Life Ins. Co. Prem U.S. Govt Mny Mkt Fd Barings Other investment fees and expenses, Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
D.A. Davidson & Co. Massachusetts Mutual Life Ins. Co. Investment advisory (plan) Plan Related Expenses $112,804
Alger Alger Spectra Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Allianz Global Investors Allianzgi Nfj Small Cap Value Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
American Funds American Funds New Perspective Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
American Funds American Fds Incm Fd of America Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
American Funds American Fnds 2050 Target Dt Ret Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
American Funds Amer Funds Europacific Growth Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
American Funds American Fnds 2055 Target Dt Ret Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
American Funds American Fnds 2060 Target Dt Ret Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
American Funds American Fnds 2010 Target Dt Ret Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
American Funds American Fnds 2015 Target Dt Ret Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
American Funds American Fnds 2020 Target Dt Ret Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
American Funds American Fnds 2025 Target Dt Ret Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
American Funds American Fnds 2030 Target Dt Ret Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
American Funds American Fnds 2035 Target Dt Ret Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
American Funds American Fnds 2040 Target Dt Ret Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
American Funds American Fnds 2045 Target Dt Ret Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Blackrock Blackrock Equity Dividend Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
First Eagle First Eagle Global Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Franklintempleton Templeton Instl Frgn Smlr Co Srs Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Franklintempleton Templeton Global Bond Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Invesco Invesco Small Cap Growth Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Manning & Napier Invesco Stable Value Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Natixis Funds Loomis Sayles Bond Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Oppenheimer Oppenheimer Developing Markets Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Pimco Funds Pimco Investment Grade Corp Bd Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Pimco Funds Pimco Real Return Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Vanguard Vanguard Total Bond Mrkt Index Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Vanguard Vanguard Total Intl Stock Index Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Vanguard Vanguard 500 Index Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Vanguard Vanguard Mid Cap Index Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Vanguard Vanguard Small Cap Index Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
*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
Invesco Stable Value Funds Invesco Funds DFE: Common/Collective Trust $4,061,927
Total $4,061,927

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.