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Oklahoma Chapter, Builders Division of AGC of America, Inc.

Plan Rating
FORM 5500 DATA

AGC of Oklahoma 401k Retirement Plan

Overview

Plan Information

  • Plan Year01/01/2018 — 12/31/2018
  • Date of Plan01/01/2014
  • Net Assets as of 12/31/2018 $8,134,796
  • Plan Number333
  • Plan Type Multiple 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 12/31/2018

  • Active (Eligible) Participants580
  • Retired or separated participants receiving benefits3
  • Other retired or separated participants entitled to future benefits86
  • Subtotal669
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total669
  • Total number of participants as of 01/01/2018657
  • Number of participants with account balances352
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested6

Expenses

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

Sponsor Information

  • Address605 N.W. 13th Street, Suite A
  • CityOklahoma City
  • StateOK
  • Zip73103-2213
  • Telephone(405) 528-4605
  • EIN73-0132794
  • Industry Code813000
  • Named AdministratorDonal K Ford

Plan Administrator Information

  • Administrator Name3(16) Fiduciary Services Corporation
  • Address1732 South Congress Avenue, No. 310
  • CityPalm Springs
  • StateFL
  • Zip33461
  • Telephone(561) 440-2139
  • Administrator EIN45-4813650

Audit Information

  • Audit StatusAudited
  • AuditorTempleton & Company
  • Auditor EIN14-1918990
  • 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.
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? Yes $215,693
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 $1,047,538
Contributions $1,521,692
Cash Contributions $1,521,692
Cash from Employers $574,367
Cash from Participants $902,831
Others (including rollovers) $44,494
Noncash Contributions $0
Total Earnings on Investments $-475,194
Total Interest $12,387
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $12,387
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 $-487,581
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 $1,040
Expenses $327,077
Total Benefit Payments $272,624
Directly to participants or beneficiaries, including direct rollovers $268,464
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $4,160
Corrective Distributions $0
Certain deemed distributions of participant loans $22,418
Interest expense $0
Total Administrative Expenses $32,035
Professional Fees $5,836
Contract Administrator Fees $0
Investment Advisory and management fees $26,199
Other Administrative Fees $0
Net Income $720,461
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $2,304,610

Asset and Liability Statement

12/31/2018 12/31/2017 Change YOY
Total Assets $8,134,796 $9,736,168 -16.45%
Total noninterest-bearing cash $0 $5,836 -100.00%
Receivables $27,143 $84,595 -67.91%
Employer Contributions $12,773 $28,154 -54.63%
Participant Contributions $13,268 $56,074 -76.34%
Other Contributions $1,102 $367 200.27%
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 $231,314 $281,577 -17.85%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $7,876,209 $9,364,160 -15.89%
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 $130 $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 $17,223 -100.00%
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 $17,223 -100.00%
Net Assets $8,134,796 $9,718,945 -16.30%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Transamerica Fin Life Insurance Co
  • Securian Financial

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
Cetera Advisors, LLC Investment advisory (plan) Investment Advisory-Plan $49,868 $0 $49,868
Transamerica Fin Life Insurance Co Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Investment management fees paid indirectly by plan, Float revenue, Recordkeeping fees, Other insurance wrap fees Recordkeeper $18,920 $0 $18,920
Pinnacle Financial Services, Inc. Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Recordkeeping fees Record Keeper $12,183 $0 $12,183
3(16) Fiduciary Services Corporatio Plan Administrator Plan Administrator $9,357 $0 $9,357
Independent Financial Partners Investment advisory (participants) Investment Advisory $5,370 $0 $5,370
Total $95,698 $0 $95,698

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
Vanguard 500 Index Securian Financial Group DFE: Pooled Separate Account $3,492,684
Vanguard Tot Bond Mkt Idx Securian Financial Group DFE: Pooled Separate Account $2,021,770
Tiaa-Cref Intl Eq Idx Instl Securian Financial Group DFE: Pooled Separate Account $1,117,948
Vanguard Small-Cap Idx Securian Financial Group DFE: Pooled Separate Account $543,793
Vanguard Mid Cap Index Admiral Securian Financial Group DFE: Pooled Separate Account $535,863
Pgim High Yield Z Securian Financial Group DFE: Pooled Separate Account $86,550
American Funds Amcap R6 Securian Financial Group DFE: Pooled Separate Account $23,061
Fed Cap Preservation R6 Securian Financial Group DFE: Pooled Separate Account $22,870
Vanguard Explorer Adm Securian Financial Group DFE: Pooled Separate Account $14,301
Vanguard Equity-Income Securian Financial Group DFE: Pooled Separate Account $6,647
Dfa Real Estate Securities I Securian Financial Group DFE: Pooled Separate Account $6,097
Dfa Global Equity I Securian Financial Group DFE: Pooled Separate Account $2,939
Opphmr Intl Gr A Securian Financial Group DFE: Pooled Separate Account $1,816
Total $7,876,339

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Minnesota Life(Securian) 352
EIN 41-0417830
Industry Code 66168
Contract Number 069315
Contract Year 01/01/2018 — 12/31/2018
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