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FORM 5500 DATA

L. H. Lacy Company Employee Savings and Profit Sharing Plan

Overview

Plan Information

  • Plan Year01/01/2016 — 12/31/2016
  • Date of Plan01/01/1994
  • Net Assets as of 12/31/2016 $2,476,219
  • 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 12/31/2016

  • Active (Eligible) Participants125
  • Retired or separated participants receiving benefits1
  • Other retired or separated participants entitled to future benefits12
  • Subtotal138
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total138
  • Total number of participants as of 01/01/2016206
  • Number of participants with account balances54
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested1

Expenses

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

Sponsor Information

  • Address1880 Crown Road
  • CityDallas
  • StateTX
  • Zip75234
  • Telephone(214) 357-0146
  • EIN01-0646802
  • Industry Code237310
  • Named AdministratorDarlene Coney

Audit Information

  • Audit StatusAudited
  • AuditorCliftonlarsonallen, LLP
  • Auditor EIN41-0746749
  • 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.
3B Self-Employed Plan Plan covering Self-Employed individuals.
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? No
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 $465,136
Contributions $308,475
Cash Contributions $308,475
Cash from Employers $88,148
Cash from Participants $220,327
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $156,661
Total Interest $25,181
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $5,456
Interest from Other Investments $19,725
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 $131,480
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 $456,487
Total Benefit Payments $429,903
Directly to participants or beneficiaries, including direct rollovers $429,903
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $8,759
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $17,825
Professional Fees $0
Contract Administrator Fees $3,362
Investment Advisory and management fees $14,463
Other Administrative Fees $0
Net Income $8,649
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2016 12/31/2015 Change YOY
Total Assets $2,476,219 $2,467,570 0.35%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $0 $0 0.0%
Employer Contributions $0 $0 0.0%
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 $127,355 $133,239 -4.42%
Value of interest in common/collective trusts $0 $0 0.0%
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 $1,798,792 $1,427,276 26.03%
Value of funds held in insurance co. general account $550,072 $907,055 -39.36%
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 $2,476,219 $2,467,570 0.35%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Massachusetts Mutual Life Ins. Co.

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, Sub-transfer agency fees, Distribution (12b-1) fees, Recordkeeping fees, Other insurance wrap fees, Soft dollars commissions, Other investment fees and expenses Contract Administrator $17,825 $0 $17,825
Total $17,825 $0 $17,825

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Massachusetts Mutual Life Ins. Co. Atlanta Cap Smid-Cap Eaton Vance Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Mm Retiresmart Conservative Other investment fees and expenses Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Mm Retiresmart Growth Other investment fees and expenses Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Mm Retiresmart Moderate Other investment fees and expenses Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Mm Retiresmart Moderate Growth Other investment fees and expenses Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Strategic Income Loomis Sayles Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Prem U.S. Govt Money Mrkt Barings Other investment fees and expenses Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Mm S&P 500 Index II Nrtn Tr Other investment fees and expenses Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Select Wellington Ofi Small Cap Gr Other investment fees and expenses Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Corporate Bond Oppenheimer Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Premier Global Ofi Other investment fees and expenses Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Growth America American Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Equity Growth American Century Sub-transfer agency fees, Other insurance wrap fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Balanced American Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Cap World Grwth and Incm American Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. New World American Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Comstock Invesco Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Longterm Us Govt Pimco Sub-transfer agency fees 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
Sia-Lx Mm S&P 500 Index II Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $393,396
Sia-Lc Select Wellington/Ofi Small Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $240,255
Sia-Hw Growth America Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $211,618
Sia-Nd Premier Global Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $182,607
Sia-Ql Strategic Income Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $153,843
Sia-Ve Balanced Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $145,885
Sia-W8 Equity Growth Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $144,692
Sia-Cba Atlanta Cap Smid-Cap Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $93,502
Sia-Hd Comstock Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $72,502
Sia-Vy Cap World Grwth and Incm Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $66,343
Sia-Cge Corporate Bond Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $45,124
Sia-D4 Mm Retiresmart Growth Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $28,410
Sia-Kh Longterm Us Govt Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $11,569
Sia-D2 Mm Retiresmart Moderate Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $4,743
Sia-D3 Mm Retiresmart Moderate Grow Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $3,266
Sia-Px New World Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $1,037
Sia-Lg Prem U.S. Govt Money Mrkt Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $0
Total $1,798,792

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Massachusetts Mutual Life Insurance Company 138
EIN 04-1590850
Industry Code 65935
Contract Number FL 51434
Contract Year 01/01/2016 — 12/31/2016
Value in General Account at Year End $0
Value in Separate Accounts at Year End $1,798,792
Insurance Fees and Commissions $5,608
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Ubs Financial Services Ins Agency I 610 S Bryant Sant Angelo, TX 76904 Agent or Broker other than Insurance $2,529 $0
Nfp Insurance Services Inc 1250 S Capital of Texas H West Lake Hills, TX 78746 Agent or Broker other than Insurance $1,634 $0
Kestra Investment Services LLC 1250 S Capital of Texas H West Lake Hills, TX 78746 Banking, Savings and Loan Association, Credit Union, or other similar financial institution $1,445 $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 GROUP ANNUITY CONTRACT
Balance at the end of the previous year $907,055
Additions $392,440
Contributions Deposited during the year $308,475
Dividends and credits $0
Interest credited during the year $19,725
Transferred from separate account $0
Other $64,240
Total of Balance and Additions $1,299,495
Deductions $749,423
Disbursed from fund to pay benefits or purchase annuities during the year $402,975
Administration charge made by carrier $6,716
Transferred to Separate Account $314,230
Other $25,502
Balance at the end of the current year $550,072