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FORM 5500 DATA

Axiom Management, Inc. 401k Profit sharing Plan

Overview

Plan Information

  • Plan Year01/01/2017 — 12/31/2017
  • Date of Plan01/01/1999
  • Net Assets as of 12/31/2017 $20,290,557
  • 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 12/31/2017

  • Active (Eligible) Participants221
  • Retired or separated participants receiving benefits9
  • Other retired or separated participants entitled to future benefits129
  • Subtotal359
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total359
  • Total number of participants as of 01/01/2017376
  • Number of participants with account balances346
  • 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

  • Address2941 Fairview Park Drive Suite 900
  • CityFalls Church
  • StateVA
  • Zip22041
  • Telephone(703) 208-3000
  • EIN52-1828936
  • Industry Code561490
  • Named AdministratorJennifer Haines

Audit Information

  • Audit StatusAudited
  • AuditorKelly & Company, LLC
  • Auditor EIN20-0640559
  • 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 $5,077,751
Contributions $1,787,943
Cash Contributions $1,787,943
Cash from Employers $184,642
Cash from Participants $1,545,390
Others (including rollovers) $57,911
Noncash Contributions $0
Total Earnings on Investments $3,289,808
Total Interest $11,670
Interest-Bearing Cash $6,687
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $4,983
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 $3,278,138
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 $5,448,870
Total Benefit Payments $5,431,231
Directly to participants or beneficiaries, including direct rollovers $5,431,231
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $7,260
Interest expense $0
Total Administrative Expenses $10,379
Professional Fees $10,379
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $-371,119
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2017 12/31/2016 Change YOY
Total Assets $20,290,557 $20,661,676 -1.80%
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 $58,831 $184,447 -68.10%
Value of interest in common/collective trusts $182,232 $157,454 15.74%
Value of interest in pooled separate accounts $20,049,494 $20,319,775 -1.33%
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 $20,290,557 $20,661,676 -1.80%

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
Coastal Pension Services Recordkeeping and information management (computing, tabulating, data processing, etc.), Investment management, Shareholder servicing fees, Sub-transfer agency fees, Float revenue, Distribution (12b-1) fees, Soft dollars commissions TPA $13,340 $0 $13,340
John Hancock Life Insurance Company Recordkeeping and information management (computing, tabulating, data processing, etc.), Investment management, Shareholder servicing fees, Sub-transfer agency fees, Float revenue, Distribution (12b-1) fees, Soft dollars commissions Recordkeeper $2,061 $0 $2,061
Total $15,401 $0 $15,401

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
Jh Multimanager Growth Ls John Hancock USA DFE: Pooled Separate Account $2,167,575
Jh Multimanager 2040 Lifetime John Hancock USA DFE: Pooled Separate Account $1,882,838
Jh Multimanager 2035 Lifetime John Hancock USA DFE: Pooled Separate Account $1,810,969
Jh Multimanager 2030 Lifetime John Hancock USA DFE: Pooled Separate Account $1,540,600
Jh Multimanager 2045 Lifetime John Hancock USA DFE: Pooled Separate Account $1,479,006
500 Index Fund John Hancock USA DFE: Pooled Separate Account $1,160,977
Jh Multimanager 2020 Lifetime John Hancock USA DFE: Pooled Separate Account $1,101,915
Jh Multimanager Aggressive Ls John Hancock USA DFE: Pooled Separate Account $722,135
Vanguard Small Cap Growth Index John Hancock USA DFE: Pooled Separate Account $550,863
Jh Multimanager Balanced Ls John Hancock USA DFE: Pooled Separate Account $544,092
Jh Multimanager 2025 Lifetime John Hancock USA DFE: Pooled Separate Account $539,748
Blue Chip Growth Fund John Hancock USA DFE: Pooled Separate Account $484,455
Jh Multimanager Moderate Ls John Hancock USA DFE: Pooled Separate Account $447,817
Vanguard Small Cap Value Index John Hancock USA DFE: Pooled Separate Account $428,256
Jh Multimanager 2015 Lifetime John Hancock USA DFE: Pooled Separate Account $423,170
Jh Multimanager Conserv Ls John Hancock USA DFE: Pooled Separate Account $402,020
Vanguard Growth Index Fund John Hancock USA DFE: Pooled Separate Account $343,339
Equity Income Fund John Hancock USA DFE: Pooled Separate Account $294,750
Small Cap Index Fund John Hancock USA DFE: Pooled Separate Account $289,643
Jh Multimanager 2050 Lifetime 198598 DFE: Pooled Separate Account $248,304
Fidelity Advisor Total Bond John Hancock USA DFE: Pooled Separate Account $223,221
Vanguard Energy Fund John Hancock USA DFE: Pooled Separate Account $216,342
High Yield Fund John Hancock USA DFE: Pooled Separate Account $199,692
Mid Cap Index Fund John Hancock USA DFE: Pooled Separate Account $198,430
John Hancock Stable Val John Hancock USA DFE: Pooled Separate Account $182,232
Vanguard Mid-Cap Value Etf John Hancock USA DFE: Pooled Separate Account $173,261
Dfa Emerging Markets Value John Hancock USA DFE: Pooled Separate Account $169,354
American Balanced Fund John Hancock USA DFE: Pooled Separate Account $162,792
Europacific Growth Fund John Hancock USA DFE: Pooled Separate Account $160,632
Total Bond Market Fund John Hancock USA DFE: Pooled Separate Account $148,751
Oppenheimer Intl Growth Fund John Hancock USA DFE: Pooled Separate Account $139,877
The Growth Fund of America John Hancock USA DFE: Pooled Separate Account $135,679
Vanguard Mid-Cap Growth Etf John Hancock USA DFE: Pooled Separate Account $135,182
Vanguard Value Index Fund John Hancock USA DFE: Pooled Separate Account $129,686
Jh Multimanager 2055 Lifetime John Hancock USA DFE: Pooled Separate Account $128,244
Intl Equity Index Fund John Hancock USA DFE: Pooled Separate Account $118,301
Total Stock Market Index Fund John Hancock USA DFE: Pooled Separate Account $99,855
Parnassus Core Equity Fund John Hancock USA DFE: Pooled Separate Account $93,994
John Hancock Disciplined Value John Hancock USA DFE: Pooled Separate Account $90,515
Strategic Income Opp Fund John Hancock USA DFE: Pooled Separate Account $71,542
Fundamental Investors John Hancock USA DFE: Pooled Separate Account $67,917
Capital Appreciation Fund John Hancock USA DFE: Pooled Separate Account $67,463
Blackrock Global Allocation John Hancock USA DFE: Pooled Separate Account $66,820
Ivy Asset Strategy Fund John Hancock USA DFE: Pooled Separate Account $60,896
Oppenheimer Intl Bond John Hancock USA DFE: Pooled Separate Account $56,689
Jh Multimanager 2060 Active Strat John Hancock USA DFE: Pooled Separate Account $32,622
Massachusetts Investors Fund John Hancock USA DFE: Pooled Separate Account $23,238
Select Aa Growth John Hancock USA DFE: Pooled Separate Account $16,030
Total $20,231,729

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock Life Insurance Company 354
EIN 01-0233346
Industry Code 65838
Contract Number 97431
Contract Year 01/01/2017 — 12/31/2017
Value in General Account at Year End $0
Value in Separate Accounts at Year End $20,049,494
Insurance Fees and Commissions $81,070
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Fortune Financial Services, Inc. 1010 3Rd Avenue New Brighton, PA 15066 Insurance Agent or Broker $70,851 $0
Coastal Pension Services 7230 Lee Deforest Drive, Suite 102 Columbia, MD 21042 Third Party Administrator $0 $10,219 TPA COMPENSATION
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