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FORM 5500 DATA

AAA Life Insurance Company Pension and 401k Plan

Overview

Plan Information

  • Plan Year01/01/2006 — 12/31/2006
  • Date of Plan01/01/1999
  • Net Assets as of 12/31/2006 $13,737,391
  • 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? No
  • Plan Funding ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2006

  • Active (Eligible) Participants365
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits36
  • Subtotal401
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total401
  • Total number of participants as of 01/01/2006405
  • Number of participants with account balances354
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested42
  • Number of participants required to be reported on Schedule SSA7

Expenses

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

Sponsor Information

  • Address17250 Newburgh Rd Ste 100
  • CityLivonia
  • StateMI
  • Zip48152-2618
  • Telephone(734) 591-9422
  • EIN52-0891929
  • Industry Code524140
  • Named AdministratorMaria M Manning
  • Named Plan SponsorMaria M Manning

Plan Administrator Information

  • Administrator NameSAME
  • Administrator EIN

Audit Information

  • Audit StatusAudited
  • AuditorGeorge Johnson and Company
  • Auditor EIN38-2029668
  • 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.

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 $5,000,000
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

Financials

Income and Expense Statement

Income $3,928,450
Contributions $2,413,133
Cash Contributions $2,413,133
Cash from Employers $958,821
Cash from Participants $1,229,616
Others (including rollovers) $224,696
Noncash Contributions $0
Total Earnings on Investments $1,506,754
Total Interest $26,293
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $15,361
Interest from Other Investments $10,932
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 $1,086,271
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 $394,190
Other Income $8,563
Expenses $1,660,985
Total Benefit Payments $1,627,045
Directly to participants or beneficiaries, including direct rollovers $1,627,045
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $27,108
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $6,832
Professional Fees $0
Contract Administrator Fees $6,827
Investment Advisory and management fees $0
Other Administrative Fees $5
Net Income $2,267,465
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2006 12/31/2005 Change YOY
Total Assets $13,737,391 $11,469,926 19.77%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $681,125 $690,331 -1.33%
Employer Contributions $681,125 $658,593 3.42%
Participant Contributions $0 $31,738 -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 $261,712 $264,724 -1.14%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $9,598,642 $8,086,708 18.70%
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 $2,894,601 $1,932,544 49.78%
Value of funds held in insurance co. general account $301,311 $495,619 -39.21%
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 $13,737,391 $11,469,926 19.77%

Service Providers

Service Providers

Name Nature of Service Relationship to Plan Sponsor Gross Salary or Allowances Paid by Plan Fees and Commissions Paid by Plan Total Salary/Fees
Principal Life Insurance Company Contract Administrator $0 $6,827 $6,827
Total $0 $6,827 $6,827

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Principal Med Co Val Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $1,127,725
Prin Lg Cp Stk Idx Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $1,126,430
Principal Lg Co Grwth Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $883,431
Principal Divers Intl Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $859,630
Principal Intl Em Mkt Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $842,604
Principal Bond and Mtg Sep Acc Principal Life Insurance Company DFE: Pooled Separate Account $832,895
Principal Money Mkt Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $765,884
Principal Sm Co Value Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $664,238
Russ Life Bal Str Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $626,592
Principal Govt&Hqbnd Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $570,771
Principal Med Co Gr Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $547,712
Russ Life Grw Str Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $422,560
Russ Life Eqgrth St Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $158,383
Prin Fin Grp Inc. Stk Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $82,212
Russ Life Con Str Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $48,236
Russ Life Mod Str Sep Account Principal Life Insurance Company DFE: Pooled Separate Account $39,339
Total $9,598,642

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Principal Life Insurance Company 401
EIN 42-0127290
Industry Code 61271
Contract Number 8-00850
Contract Year 01/01/2006 — 12/31/2006
Value in General Account at Year End $301,311
Value in Separate Accounts at Year End $9,598,642
Insurance Fees and Commissions $48,802
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Wachovia Insurance Agency Inc 14601-27Th Ave No Plymouth, MN 55447 -4819 Insurance Agent or Broker $43,937 $4,865 REFERRAL/SERVICE FEE
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
Balance at the end of the previous year $495,619
Additions $97,037
Contributions Deposited during the year $58,215
Dividends and credits $0
Interest credited during the year $10,932
Transferred from separate account $11,850
Other $16,040
Total of Balance and Additions $592,656
Deductions $291,345
Disbursed from fund to pay benefits or purchase annuities during the year $269,003
Administration charge made by carrier $972
Transferred to Separate Account $13,028
Other $8,342
Balance at the end of the current year $301,311