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Overview

Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan01/01/1999
  • Net Assets as of 12/31/2019 $8,381,084
  • 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) Participants121
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits50
  • Subtotal171
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total171
  • Total number of participants as of 01/01/2019174
  • Number of participants with account balances144
  • 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

  • Address4 Applegate Drive, Suite B
  • CityRobbinsville
  • StateNJ
  • Zip08691
  • Telephone(609) 581-5555
  • EIN51-0359309
  • Industry Code316990

Audit Information

  • Audit StatusAudited
  • AuditorMaillie, LLP
  • Auditor EIN23-1518888
  • 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.
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 $2,136,842
Contributions $726,192
Cash Contributions $726,192
Cash from Employers $239,783
Cash from Participants $459,417
Others (including rollovers) $26,992
Noncash Contributions $0
Total Earnings on Investments $1,410,650
Total Interest $7,632
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $7,632
Interest from Other Investments $0
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 $0
Net investment gain (loss) from pooled separate accounts $1,403,018
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 $0
Expenses $1,124,564
Total Benefit Payments $1,090,988
Directly to participants or beneficiaries, including direct rollovers $1,090,988
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 $33,576
Professional Fees $33,576
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $1,012,278
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 $8,381,084 $7,368,806 13.74%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $5,600 $1,994 180.84%
Employer Contributions $5,600 $1,994 180.84%
Participant Contributions $0 $0 0.0%
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 $138,956 $160,557 -13.45%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $8,236,528 $7,206,255 14.30%
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 $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 $8,381,084 $7,368,806 13.74%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • John Hancock Life Insurance Co.

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

There is no termination information for this plan.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Ls Bal Mp John Hancock Life Insurance Company DFE: Pooled Separate Account $819,893
Index Ls Conserv John Hancock Life Insurance Company DFE: Pooled Separate Account $717,657
Jh 2025 John Hancock Life Insurance Company DFE: Pooled Separate Account $668,791
Jh 2020 John Hancock Life Insurance Company DFE: Pooled Separate Account $569,152
Ls Gro Mp John Hancock Life Insurance Company DFE: Pooled Separate Account $501,355
Money John Hancock Life Insurance Company DFE: Pooled Separate Account $490,919
Ls Agg Mp John Hancock Life Insurance Company DFE: Pooled Separate Account $479,895
Vs Blucp John Hancock Life Insurance Company DFE: Pooled Separate Account $319,904
Short Term John Hancock Life Insurance Company DFE: Pooled Separate Account $297,311
Fid Total John Hancock Life Insurance Company DFE: Pooled Separate Account $255,919
Idx Mid John Hancock Life Insurance Company DFE: Pooled Separate Account $251,722
Jh 2050 John Hancock Life Insurance Company DFE: Pooled Separate Account $219,463
Jh 2045 John Hancock Life Insurance Company DFE: Pooled Separate Account $181,880
Jmp Use John Hancock Life Insurance Company DFE: Pooled Separate Account $180,383
Ls Mod Mp John Hancock Life Insurance Company DFE: Pooled Separate Account $155,639
Vs Sctec John Hancock Life Insurance Company DFE: Pooled Separate Account $150,652
Sci Tech John Hancock Life Insurance Company DFE: Pooled Separate Account $134,667
Tocq Gold John Hancock Life Insurance Company DFE: Pooled Separate Account $125,822
Jh 2035 John Hancock Life Insurance Company DFE: Pooled Separate Account $114,370
Idx 500 John Hancock Life Insurance Company DFE: Pooled Separate Account $107,327
Health Sci John Hancock Life Insurance Company DFE: Pooled Separate Account $104,048
Dfa Tava John Hancock Life Insurance Company DFE: Pooled Separate Account $102,789
Jh 2040 John Hancock Life Insurance Company DFE: Pooled Separate Account $87,708
3 Yr Comp John Hancock Life Insurance Company DFE: Pooled Separate Account $82,001
Vs Rests John Hancock Life Insurance Company DFE: Pooled Separate Account $81,555
Vs Hiyld John Hancock Life Insurance Company DFE: Pooled Separate Account $79,785
Idx Intl John Hancock Life Insurance Company DFE: Pooled Separate Account $77,499
Jh 2030 John Hancock Life Insurance Company DFE: Pooled Separate Account $71,744
Jh 2055 John Hancock Life Insurance Company DFE: Pooled Separate Account $65,775
Vs Sml Val John Hancock Life Insurance Company DFE: Pooled Separate Account $61,462
Vs Utilit John Hancock Life Insurance Company DFE: Pooled Separate Account $58,326
Spectrum John Hancock Life Insurance Company DFE: Pooled Separate Account $57,611
Sm-Md Grth John Hancock Life Insurance Company DFE: Pooled Separate Account $53,148
Idx Small John Hancock Life Insurance Company DFE: Pooled Separate Account $50,660
Develp Mkt John Hancock Life Insurance Company DFE: Pooled Separate Account $50,204
Global Bd John Hancock Life Insurance Company DFE: Pooled Separate Account $48,757
Smcp Gr In John Hancock Life Insurance Company DFE: Pooled Separate Account $45,386
World John Hancock Life Insurance Company DFE: Pooled Separate Account $43,710
Jh 2060 John Hancock Life Insurance Company DFE: Pooled Separate Account $29,348
Trp Eq Inc John Hancock Life Insurance Company DFE: Pooled Separate Account $27,319
Idx Total John Hancock Life Insurance Company DFE: Pooled Separate Account $26,736
Fund Lcv John Hancock Life Insurance Company DFE: Pooled Separate Account $26,583
Brglball John Hancock Life Insurance Company DFE: Pooled Separate Account $23,931
Af Washmut John Hancock Life Insurance Company DFE: Pooled Separate Account $23,806
Vs Financl John Hancock Life Insurance Company DFE: Pooled Separate Account $19,194
Discovery John Hancock Life Insurance Company DFE: Pooled Separate Account $16,653
Heritage John Hancock Life Insurance Company DFE: Pooled Separate Account $14,852
10 Yr Comp John Hancock Life Insurance Company DFE: Pooled Separate Account $13,366
Real Rtrn John Hancock Life Insurance Company DFE: Pooled Separate Account $12,808
Europac John Hancock Life Insurance Company DFE: Pooled Separate Account $12,339
Energy John Hancock Life Insurance Company DFE: Pooled Separate Account $12,286
Af Am Bal John Hancock Life Insurance Company DFE: Pooled Separate Account $4,582
Beacon John Hancock Life Insurance Company DFE: Pooled Separate Account $3,756
Mc Gw Etf John Hancock Life Insurance Company DFE: Pooled Separate Account $2,212
Vs Intsm John Hancock Life Insurance Company DFE: Pooled Separate Account $835
Grth Indx John Hancock Life Insurance Company DFE: Pooled Separate Account $536
Global John Hancock Life Insurance Company DFE: Pooled Separate Account $499
Total $8,236,530

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock Life Insurance Company 144
EIN 01-0233346
Industry Code 65838
Contract Number 26378
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $0
Value in Separate Accounts at Year End $8,236,528
Insurance Fees and Commissions $32,419
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Next Financial Group Insurance Agent or Broker $26,216 $0 SALES
Continental Benefits Group, Inc. 95 Connecticut Drive Suite C Burlington, NJ 08016 Third Party Administrator $0 $6,203 ADMINISTRATION
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