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FORM 5500 DATA

U.M. FDSP Associates, P.A. 401k Profit Sharing Plan

Overview

Plan Information

  • Plan Year07/01/2017 — 06/30/2018
  • Date of Plan07/01/1985
  • Net Assets as of 06/30/2018 $6,965,282
  • 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 Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 06/30/2018

  • Active (Eligible) Participants150
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits53
  • Subtotal203
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total203
  • Total number of participants as of 07/01/2017197
  • Number of participants with account balances175
  • 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

  • Address650 W Baltimore St Ste 5201
  • CityBaltimore
  • StateMD
  • Zip21201-1510
  • Telephone(410) 706-0522
  • EIN52-1456103
  • Industry Code621210
  • Named AdministratorAndrew J Nolan

Plan Administrator Information

  • Administrator NameU.M. Fdsp Associates, P.A.
  • Address650 W Baltimore St Ste 5201
  • CityBaltimore
  • StateMD
  • Zip21201-1510
  • Telephone(410) 706-0522
  • Administrator EIN52-1456103

Audit Information

  • Audit StatusAudited
  • AuditorWeyrich Cronin & Sorra LLC
  • Auditor EIN81-4643077
  • Audit OpinionUnqualified
  • Audit Type Full 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? Yes $21,513
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 $1,011,925
Contributions $508,201
Cash Contributions $508,201
Cash from Employers $158,493
Cash from Participants $265,167
Others (including rollovers) $84,541
Noncash Contributions $0
Total Earnings on Investments $503,724
Total Interest $7,522
Interest-Bearing Cash $392
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $7,130
Interest from Other Investments $0
Total Dividends $309,769
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 $186,433
Other Income $0
Expenses $294,989
Total Benefit Payments $290,689
Directly to participants or beneficiaries, including direct rollovers $290,689
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 $4,300
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $4,300
Net Income $716,936
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

06/30/2018 06/30/2017 Change YOY
Total Assets $6,965,282 $6,248,346 11.47%
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 $42,381 $42,040 0.81%
Interest-bearing cash $42,381 $42,040 0.81%
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 $227,261 $166,266 36.69%
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 $6,695,640 $6,040,040 10.85%
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 $6,965,282 $6,248,346 11.47%

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
T Rowe Price Rps,Inc Recordkeeping and information management (computing, tabulating, data processing, etc.), Trustee (bank, trust company, or similar financial institution), Trustee (directed), Investment management, Participant loan processing, Participant communication, Other services, Direct payment from the plan, Investment management fees paid indirectly by plan, Shareholder servicing fees, Float revenue, Distribution (12b-1) fees, Recordkeeping fees, Account maintenance fees, Redemption fees NONE $4,300 $0 $4,300
American Century Investements Investment management, Shareholder servicing fees NONE $0 $0 $0
Columbia Management Investment Investment management, Shareholder servicing fees NONE $0 $0 $0
Davis Funds Investment management, Shareholder servicing fees NONE $0 $0 $0
Dodge and Cox Investment management, Shareholder servicing fees NONE $0 $0 $0
Oppenherimer Investment management, Shareholder servicing fees NONE $0 $0 $0
Pimco Investment management, Shareholder servicing fees NONE $0 $0 $0
Thornburg Investment management, Shareholder servicing fees NONE $0 $0 $0
Wells Fargo Investment management, Shareholder servicing fees NONE $0 $0 $0
Total $4,300 $0 $4,300

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
T Rowe Price Rps, Inc American Century Heritage Fund Recordkeeping and information management (computing, tabulating, data processing, etc.), Trustee (bank, trust company, or similar financial institution), Trustee (directed), Investment management, Participant loan processing, Participant communication, Other services, Direct payment from the plan, Investment management fees paid indirectly by plan, Redemption fees, Shareholder servicing fees, Float revenue, Distribution (12b-1) fees, Recordkeeping fees, Account maintenance fees Fee for Shareholder Servicing Based Upon 0.60% $0
T Rowe Price Rps, Inc Columbia Mid Cap Val Recordkeeping and information management (computing, tabulating, data processing, etc.), Trustee (bank, trust company, or similar financial institution), Trustee (directed), Investment management, Participant loan processing, Participant communication, Other services, Direct payment from the plan, Investment management fees paid indirectly by plan, Redemption fees, Shareholder servicing fees, Float revenue, Distribution (12b-1) fees, Recordkeeping fees, Account maintenance fees Fee for Shareholder Servicing Based Upon 0.25% $0
T Rowe Price Rps, Inc Columbia Sm Cp I Instl Recordkeeping and information management (computing, tabulating, data processing, etc.), Trustee (bank, trust company, or similar financial institution), Trustee (directed), Investment management, Participant loan processing, Participant communication, Other services, Direct payment from the plan, Investment management fees paid indirectly by plan, Redemption fees, Shareholder servicing fees, Float revenue, Distribution (12b-1) fees, Recordkeeping fees, Account maintenance fees Fee for Shareholder Servicing Based Upon 0.25% $0
T Rowe Price Rps, Inc Oppeheimer Global A Recordkeeping and information management (computing, tabulating, data processing, etc.), Trustee (bank, trust company, or similar financial institution), Trustee (directed), Investment management, Participant loan processing, Participant communication, Other services, Direct payment from the plan, Investment management fees paid indirectly by plan, Redemption fees, Shareholder servicing fees, Float revenue, Distribution (12b-1) fees, Recordkeeping fees, Account maintenance fees Fee for Shareholder Servicing Based Upon 0.50% $0
T Rowe Price Rps, Inc Thornburg Intl Val R5 Recordkeeping and information management (computing, tabulating, data processing, etc.), Trustee (bank, trust company, or similar financial institution), Trustee (directed), Investment management, Participant loan processing, Participant communication, Other services, Direct payment from the plan, Investment management fees paid indirectly by plan, Redemption fees, Shareholder servicing fees, Float revenue, Distribution (12b-1) fees, Recordkeeping fees, Account maintenance fees Fee for Shareholder Servicing Based Upon 0.20% $0
T Rowe Price Rps, Inc Davis Ny Venture Recordkeeping and information management (computing, tabulating, data processing, etc.), Trustee (bank, trust company, or similar financial institution), Trustee (directed), Investment management, Participant loan processing, Participant communication, Other services, Direct payment from the plan, Investment management fees paid indirectly by plan, Redemption fees, Shareholder servicing fees, Float revenue, Distribution (12b-1) fees, Recordkeeping fees, Account maintenance fees Fee for Shareholder Servicing Based Upon 0.40% $0
T Rowe Price Rps, Inc Dodge and Cox Intl Stock Recordkeeping and information management (computing, tabulating, data processing, etc.), Trustee (bank, trust company, or similar financial institution), Trustee (directed), Investment management, Participant loan processing, Participant communication, Other services, Direct payment from the plan, Investment management fees paid indirectly by plan, Shareholder servicing fees, Float revenue, Distribution (12b-1) fees, Recordkeeping fees, Account maintenance fees, Redemption fees Fee for Shareholder Servicing Based Upon 0.10% $0
T Rowe Price Rps, Inc Dodge and Cox Stock Recordkeeping and information management (computing, tabulating, data processing, etc.), Trustee (bank, trust company, or similar financial institution), Trustee (directed), Investment management, Participant loan processing, Participant communication, Other services, Direct payment from the plan, Investment management fees paid indirectly by plan, Shareholder servicing fees, Float revenue, Distribution (12b-1) fees, Recordkeeping fees, Account maintenance fees, Redemption fees Fee for Shareholder Servicing Based Upon 0.10% $0
T Rowe Price Rps, Inc Wellsfargo Strng Advsr Sm CAPP Val Recordkeeping and information management (computing, tabulating, data processing, etc.), Trustee (bank, trust company, or similar financial institution), Trustee (directed), Investment management, Participant loan processing, Participant communication, Other services, Direct payment from the plan, Investment management fees paid indirectly by plan, Shareholder servicing fees, Redemption fees, Float revenue, Distribution (12b-1) fees, Recordkeeping fees, Account maintenance fees Fee for Shareholder Servicing Based Upon 0.55% $0
T Rowe Price Rps, Inc Pimco Total Return Recordkeeping and information management (computing, tabulating, data processing, etc.), Trustee (bank, trust company, or similar financial institution), Trustee (directed), Investment management, Participant loan processing, Participant communication, Other services, Direct payment from the plan, Investment management fees paid indirectly by plan, Redemption fees, Shareholder servicing fees, Float revenue, Distribution (12b-1) fees, Recordkeeping fees, Account maintenance fees Fee for Shareholder Servicing Based Upon 0.25% $0
Pimco Pimco Total Return Investment management, Shareholder servicing fees Investment Management Fee Based On 0.76% $0
Thornburg Thornburg Intl Val Investment management, Shareholder servicing fees Investment Management Fee Based On 0.95% $0
American Century Investments American Century Heritage Investment management, Shareholder servicing fees Investment Management Fee Based On 1.25% $0
Columbia Management Investment Columbia Sm Cap I Instl Investment management, Shareholder servicing fees Investment Management Fee Based On 1.10% $0
Columbia Management Investment Columbia Mid Cap Val Investment management, Shareholder servicing fees Investment Management Fee Based On 0.92% $0
Dodge and Cox Dodge and Cox Intl Stock Investment management, Shareholder servicing fees Investment Management Fee Based On 0.64% $0
Dodge and Cox Dodge and Cox Stock Investment management, Shareholder servicing fees Investment Management Fee Based On 0.52% $0
Davis Funds Davis Ny Venture Investment management, Shareholder servicing fees Invstment Management Fee Based On 0.89% $0
Wells Fargo Wells Fargo Strng Advsr Sm CAPP Val Investment management, Shareholder servicing fees Investment Management Fee Based On 1.28% $0
Oppenheimer Oppenheimer Global Fund Investment management, Shareholder servicing fees Investment Management Fee Based On 1.15% $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

No investments information available for this plan.

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.