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FORM 5500 DATA

14 W Administrative Services, LLC 401k Savings & Retirement Plan

Overview

Plan Information

  • Plan Year01/01/2017 — 12/31/2017
  • Date of Plan07/01/1988
  • Net Assets as of 12/31/2017 $55,501,004
  • 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 12/31/2017

  • Active (Eligible) Participants988
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits188
  • Subtotal1,176
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total1,176
  • Total number of participants as of 01/01/20171,050
  • Number of participants with account balances1,027
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested86

Expenses

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

Sponsor Information

  • Address14 W. Mt. Vernon Place
  • CityBaltimore
  • StateMD
  • Zip21201
  • Telephone(410) 783-8421
  • EIN52-2325681
  • Industry Code511120
  • Named AdministratorRobert Compton

Audit Information

  • Audit StatusAudited
  • AuditorSc&H Attest Services, P.C.
  • Auditor EIN52-1743645
  • 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.
2R Brokerage Window Participant-directed brokerage accounts provided as an investment option under the plan.
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.
3H Controlled Group Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

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 $15,920,385
Contributions $8,059,228
Cash Contributions $8,059,228
Cash from Employers $2,044,583
Cash from Participants $5,617,313
Others (including rollovers) $397,332
Noncash Contributions $0
Total Earnings on Investments $7,861,157
Total Interest $37,325
Interest-Bearing Cash $13,014
U.S. Government Securities $2,049
Corporate Debt Instruments $5,563
Loans (other than to participants) $0
Participant Loans $16,699
Interest from Other Investments $0
Total Dividends $2,126,584
Preferred Stock $1,875
Common Stock $44,945
Rents $0
Net gain (loss) on sale of assets $33,075
Aggregate Proceeds $1,926,253
Aggregate Carrying Amount $1,893,178
Total Unrealized Appreciation (depreciation) of assets $345,920
Real Estate $0
Other $345,920
Net investment gain (loss) from common/collective trusts $13,674
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 $5,304,579
Other Income $0
Expenses $1,966,144
Total Benefit Payments $1,960,845
Directly to participants or beneficiaries, including direct rollovers $1,960,845
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 $5,299
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $5,299
Net Income $13,954,241
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 $55,501,004 $40,985,884 35.41%
Total noninterest-bearing cash $21,135 $25,737 -17.88%
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 $2,744,295 $2,277,133 20.52%
Interest-bearing cash $2,667,814 $2,211,963 20.61%
U.S. Government Securities $76,481 $65,170 17.36%
Corporate Debt Instruments $87,876 $20,450 329.71%
Preferred $0 $0 0.0%
All Other $87,876 $20,450 329.71%
Corporate Stocks $2,860,416 $3,502,445 -18.33%
Preferred $23,435 $19,159 22.32%
Common $2,836,981 $3,483,286 -18.55%
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 $463,436 $401,955 15.30%
Value of interest in common/collective trusts $1,686,506 $1,692,743 -0.37%
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 $47,635,398 $33,063,572 44.07%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $1,942 $1,849 5.03%
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 $55,501,004 $40,985,884 35.41%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Fidelity Investments Institutional

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
Robert W Baird & Co Other commissions Advisor $0 $73,777 $73,777
Fidelity Investments Institutional Participant loan processing, Sub-transfer agency fees, Recordkeeping fees, Account maintenance fees, Securities brokerage commissions and fees Recordkeeper $17,025 $0 $17,025
Total $17,025 $73,777 $90,802

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Fidelity Investments Institutional Tocqueville Gold Fund Sub-transfer agency fees $16.00 $0
Fidelity Investments Institutional T Rowe Price Intl Japan Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional T Rowe Price New Asia Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Pimco Income Fund Cl D Sub-transfer agency fees 0.38% $0
Fidelity Investments Institutional Altegris Aaca Opportreal Estate Cl Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Morgan Stanley Instlinterntl Opp Cl Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Morgan Stanley Global Opportunity A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Matthews China Fund Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Harbor Small Cap Value Inv Class Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Doubleline Total Rt Bond Fd Cl N Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Brown Advisory Wmc Strat Europn Eq Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional William Blair Small Mid Cap Growth Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional American Century Emerging Markets I Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional American Century Chgal Gold Inv Cl Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Alger Health Sciences Fd Cl A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Alzgi Nfj Smcpvl A - Boston Financ Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Am Cent Eq Inc A - American Centur Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Columbia Acorn A - Columbia Mgt In Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Crln E Sm Cap Gr R5 - U.S. Bancorp Sub-transfer agency fees 0.20% $0
Fidelity Investments Institutional Fkln Rising Divs A - Franklin Temp Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Invs Develop Mkts A - Invesco Cana Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Jh Dscpl Val Mdcp A - John Hancock Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Ld Abbett Dev Grth A - Dst Systems Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Metwest Tot Rtn Bd M - Bny Mellon Sub-transfer agency fees 0.14% $0
Fidelity Investments Institutional Mfs Intl Value R3 - Mfs Service Ce Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Mfs Mid Cap Grth R3 - Mfs Service Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Nb Mid Cap Grth Inst - State Stree Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Opphmr Intl Grth Y - Ofi Global as Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Pim All Asset A - Boston Financial Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Pim Real Return A - Boston Financi Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Tmpl Global Bond A - Franklin Temp Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Touchstn Mid Cap Y - Bny Mellon In Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Trp Growth Stock - T. Rowe Price S Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Trp Small-Cap Value - T. Rowe Pric Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Trp Value - T. Rowe Price Services Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Wf Prec Metals A - Boston Financia Sub-transfer agency fees 0.30% $0
Robert W Baird & Co National Financial Services LLC Other commissions $73,777
*As outlined by the Form 5500 Instructions for service providers with indirect compensation.

Service Providers Who Fail or Refuse to Provide Information

Name Nature of Service Description of Information

Service Providers Who Fail or Refuse to Provide Information

Termination Information on Accountants and Enrolled Actuaries

Name Position Explanation
Stout, Causey & Horning, P.A. Name Change

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Fa Stable Value Fidelity Management Trust Company DFE: Common/Collective Trust $1,686,506
Total $1,686,506

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.