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Overview

Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan01/01/1993
  • Net Assets as of 12/31/2019 $18,889,445
  • 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) Participants789
  • Retired or separated participants receiving benefits3
  • Other retired or separated participants entitled to future benefits57
  • Subtotal849
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total849
  • Total number of participants as of 01/01/2019826
  • Number of participants with account balances598
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested187

Expenses

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

Sponsor Information

  • Address10821 E 26th St North
  • CityWichita
  • StateKS
  • Zip67226
  • Telephone(316) 308-7932
  • EIN48-1159914
  • Industry Code454390
  • Named AdministratorSusan Shimanek

Audit Information

  • Audit StatusAudited
  • AuditorBkd, LLP
  • Auditor EIN44-0160260
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
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.
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 $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? Yes
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? Yes

Financials

Income and Expense Statement

Income $5,850,701
Contributions $2,453,437
Cash Contributions $2,453,437
Cash from Employers $613,347
Cash from Participants $1,769,626
Others (including rollovers) $70,464
Noncash Contributions $0
Total Earnings on Investments $3,397,264
Total Interest $27,304
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $27,304
Interest from Other Investments $0
Total Dividends $418,646
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 $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 $2,951,314
Other Income $0
Expenses $1,437,526
Total Benefit Payments $1,367,539
Directly to participants or beneficiaries, including direct rollovers $1,367,539
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $34,370
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $35,617
Professional Fees $0
Contract Administrator Fees $35,617
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $4,413,175
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 $18,889,445 $14,476,270 30.49%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $0 $17 -100.00%
Employer Contributions $0 $0 0.0%
Participant Contributions $0 $17 -100.00%
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 $478,672 $438,560 9.15%
Value of interest in common/collective trusts $119,093 $7,408,761 -98.39%
Value of interest in pooled separate accounts $0 $6,570,758 -100.00%
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 $17,953,321 $6,687 268380.95%
Value of funds held in insurance co. general account $338,359 $51,487 557.17%
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 $18,889,445 $14,476,270 30.49%

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
Principal Life Insurance Company Contract Administrator, Recordkeeping fees, Participant loan processing, Direct payment from the plan Contract Administrator $31,463 $0 $31,463
Merrill Lynch Life Agency Inc Other services, Other commissions, Other fees Other Services $0 $15,393 $15,393
Great-West Life & Annuity Insurance Recordkeeping fees Recordkeeper $9,368 $0 $9,368
Advised Assets Group Investment management Investment Mgmt $988 $0 $988
Total $41,819 $15,393 $57,212

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Merrill Lynch Life Agency Inc Principal Life Insurance Company Other services, Other commissions, Other fees Commissions and Referral/Service Fee $15,393
*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 Fund Principal Global Investors Trust Co DFE: Common/Collective Trust $119,093
Prin Sam Cons Balanced Sa-R6 Principal Life Insurance Company DFE: Pooled Separate Account $0
Prin Sam Cons Growth Sa-R6 Principal Life Insurance Company DFE: Pooled Separate Account $0
Prin Sam Flexible Income Sa-R6 Principal Life Inspurance Company DFE: Pooled Separate Account $0
Prin Sam Strat Growth Sa-R6 Principal Life Insurance Company DFE: Pooled Separate Account $0
Prin Lifetime Hy 2010 Cit Z45 Principal Global Investors Trust Co DFE: Common/Collective Trust $0
Prin Lifetime Hy 2015 Citz45 Principal Global Investors Trust Co DFE: Common/Collective Trust $0
Prin Lifetime Hy 2020 Citz45 Principal Global Investors Trust Co DFE: Common/Collective Trust $0
Prin Lifetime Hy 2025 Cit Z45 Principal Global Investors Trust Co DFE: Common/Collective Trust $0
Prin Lifetime Hy 2030 Cit Z45 Principal Global Investors Trust Co DFE: Common/Collective Trust $0
Prin Lifetime Hy 2035 Cit Z45 Principal Global Investors Trust Co DFE: Common/Collective Trust $0
Prin Lifetime Hy 2040 Cit Z45 Principal Global Investors Trust Co DFE: Common/Collective Trust $0
Prin Lifetime Hy 2040 Cit Z45 Principal Global Investors Trust Co DFE: Common/Collective Trust $0
Prin Lifetime Hy 2050 Cit Z45 Principal Global Investors Trust Co DFE: Common/Collective Trust $0
Prin Lifetime Hy 2055 Cit Z45 Principal Global Investors Trust Co DFE: Common/Collective Trust $0
Prin Lifetime Hy Inc Cit Z45 Principal Global Investors Trust Co DFE: Common/Collective Trust $0
Prin Blue Chip Sa-R6 Principal Life Insurance Company DFE: Pooled Separate Account $0
Prin Lifetime Hy 2060 Cit Z45 Principal Global Investors Trust Co DFE: Common/Collective Trust $0
Prin Sam Balance Sep Acct-R6 Principal Life Insurance Company DFE: Pooled Separate Account $0
Prin Fin Grp, Inc. Stock Sa-R6 Principal Life Insurance Company DFE: Pooled Separate Account $0
Prin Midcap Value III Sa-R6 Principal Life Insurance Company DFE: Pooled Separate Account $0
Principal Smallcap Sep Acct-R6 Principal Life Insurance Company DFE: Pooled Separate Account $0
Prin Midcap Sep Acct-R6 Principal Life Insurance Company DFE: Pooled Separate Account $0
Prin Govt & Hq Bond Sa-R6 Principal Life Insurance Company DFE: Pooled Separate Account $0
Prin Intl Smallcap Sep Acct-R6 Principal Life Insurance Company DFE: Pooled Separate Account $0
Prin U.S. Property Sep Acct-R6 Principal Life Insurance Company DFE: Pooled Separate Account $0
Prin Core Plus Bd Sep Acct-R6 Principal Life Insurance Company DFE: Pooled Separate Account $0
Prin Diversified Intl Sa-R6 Principal Life Insurance Company DFE: Pooled Separate Account $0
Prin Lgcap S&P 500 Index Sa-R6 Principal Life Insurance Company DFE: Pooled Separate Account $0
Prin Midcap Value I Sa-R6 Principal Life Insurance Company DFE: Pooled Separate Account $0
Prin Smcap S&P 600 Index Sa-R6 Principal Life Insurance Company DFE: Pooled Separate Account $0
Prin Midcap S&P 400 Idx Sa-R6 Principal Life Insurance Company DFE: Pooled Separate Account $0
Prin Total Mkt Stock Idx Sa-R6 Principal Life Insurance Company DFE: Pooled Separate Account $0
Prin Midcap Growth III Sa-R6 Principal Life Insurance Company DFE: Pooled Separate Account $0
Prin Smallcap Growth I Sa-R6 Principal Life Insurance Company DFE: Pooled Separate Account $0
Prin Largecap Growth I Sa-R6 Principal Life Insurance Company DFE: Pooled Separate Account $0
Prin Largecap Value III Sa-R6 Principal Life Insurance Company DFE: Pooled Separate Account $0
Prin Lifetime Hy 2065 Cit Z45 Principal Global Investors Trust Co DFE: Common/Collective Trust $0
Total $119,093

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Great West Life and Annuity 52
EIN 84-0467907
Industry Code 68322
Contract Number 1260539-01
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $338,359
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 GROUP ANNUITY CONTRACT
Balance at the end of the previous year $0
Additions $17,036,899
Contributions Deposited during the year $12,745
Dividends and credits $0
Interest credited during the year $10,498
Transferred from separate account $16,991,140
Other $22,516
Total of Balance and Additions $17,036,899
Deductions $16,698,540
Disbursed from fund to pay benefits or purchase annuities during the year $1,004
Administration charge made by carrier $66
Transferred to Separate Account $16,697,470
Other $0
Balance at the end of the current year $338,359
Principal Life Insurance Company 0
EIN 42-0127290
Industry Code 61271
Contract Number 436293
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 $13,685
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Merrill Lynch Life Agency Inc Attn Insurance Ops Jacksonville, FL 32246 Insurance Agent or Broker $13,685 $0
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 $52,503
Additions $199
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $199
Transferred from separate account $0
Other $0
Total of Balance and Additions $52,702
Deductions $52,702
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $444
Transferred to Separate Account $11,822
Other $40,436
Balance at the end of the current year $0