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FORM 5500 DATA

AAC, Inc. 401k Profit Sharing Plan

Overview

Plan Information

  • Plan Year01/01/2017 — 12/31/2017
  • Date of Plan04/01/1999
  • Net Assets as of 12/31/2017 $19,069,840
  • Plan Number5
  • 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 12/31/2017

  • Active (Eligible) Participants140
  • Retired or separated participants receiving benefits19
  • Other retired or separated participants entitled to future benefits89
  • Subtotal248
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total248
  • Total number of participants as of 01/01/2017251
  • Number of participants with account balances246
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested36

Expenses

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

Sponsor Information

  • Address8470 Tyco Road
  • CityVienna
  • StateVA
  • Zip22182
  • Telephone(703) 918-6336
  • EIN54-1233442
  • Industry Code541513
  • Named AdministratorYvonne Adair

Audit Information

  • Audit StatusAudited
  • AuditorRogers & Associates, LLC
  • Auditor EIN52-2112611
  • 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? 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? Yes
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? Yes

Financials

Income and Expense Statement

Income $4,359,272
Contributions $1,561,241
Cash Contributions $1,561,241
Cash from Employers $476,927
Cash from Participants $806,405
Others (including rollovers) $277,909
Noncash Contributions $0
Total Earnings on Investments $2,798,031
Total Interest $18,296
Interest-Bearing Cash $10,422
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $7,206
Participant Loans $0
Interest from Other Investments $668
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 $2,779,735
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 $893,875
Total Benefit Payments $865,496
Directly to participants or beneficiaries, including direct rollovers $865,496
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $22,095
Interest expense $0
Total Administrative Expenses $6,284
Professional Fees $0
Contract Administrator Fees $1,534
Investment Advisory and management fees $4,750
Other Administrative Fees $0
Net Income $3,465,397
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 $19,069,840 $15,604,443 22.21%
Total noninterest-bearing cash $154,616 $386,481 -59.99%
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 $123,924 $213,714 -42.01%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $18,791,300 $15,004,248 25.24%
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 $19,069,840 $15,604,443 22.21%

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 $4,750 $0 $4,750
John Hancock Life Insurance Company Recordkeeping and information management (computing, tabulating, data processing, etc.) Recordkeeper $1,534 $0 $1,534
Total $6,284 $0 $6,284

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 Thru 2025 Active Strategy John Hancock USA DFE: Pooled Separate Account $4,369,010
Jh Thru 2030 Active Strategy John Hancock USA DFE: Pooled Separate Account $2,044,575
Jh Thru 2035 Active Strategy John Hancock USA DFE: Pooled Separate Account $1,487,740
Jh Thru 2040 Active Strategy John Hancock USA DFE: Pooled Separate Account $1,438,101
Jh Thru 2020 Active Strategy John Hancock USA DFE: Pooled Separate Account $1,025,900
281327 John Hancock USA DFE: Pooled Separate Account $792,609
Jh Thru 2045 Active Strategy John Hancock USA DFE: Pooled Separate Account $720,741
Jh Multimanager Aggressive Ls John Hancock USA DFE: Pooled Separate Account $623,009
Jh Thru 2050 Active Strategy John Hancock USA DFE: Pooled Separate Account $604,361
Jh Thru 2015 Active Strategy John Hancock USA DFE: Pooled Separate Account $546,409
John Hancock Disciplined Value John Hancock USA DFE: Pooled Separate Account $384,194
T. Rowe Price Health Sci John Hancock USA DFE: Pooled Separate Account $360,725
Smallcap World Fund John Hancock USA DFE: Pooled Separate Account $333,725
Dfa Emerging Markets Value John Hancock USA DFE: Pooled Separate Account $294,129
John Hancock Stable Val John Hancock USA DFE: Pooled Separate Account $293,818
Jh Multimanager Growth Ls John Hancock USA DFE: Pooled Separate Account $282,646
The Growth Fund of America John Hancock USA DFE: Pooled Separate Account $281,327
Strategic Income Opp Fund John Hancock USA DFE: Pooled Separate Account $272,307
Dfa Us Targeted Value Fund John Hancock USA DFE: Pooled Separate Account $239,474
Intl Equity Index Fund John Hancock USA DFE: Pooled Separate Account $212,939
Small Cap Index Fund John Hancock USA DFE: Pooled Separate Account $180,304
Mid Cap Index Fund John Hancock USA DFE: Pooled Separate Account $176,399
Jh Multimanager Balanced Ls John Hancock USA DFE: Pooled Separate Account $175,002
Vanguard Mid Cap Growth Etf John Hancock USA DFE: Pooled Separate Account $170,845
Real Est. Securities Fund John Hancock USA DFE: Pooled Separate Account $147,907
New World Fund John Hancock USA DFE: Pooled Separate Account $133,962
Europacific Growth Fund John Hancock USA DFE: Pooled Separate Account $122,342
Vanguard Explorer Fund John Hancock USA DFE: Pooled Separate Account $114,342
John Hancock Bond Fund John Hancock USA DFE: Pooled Separate Account $113,948
Utilities Fund John Hancock USA DFE: Pooled Separate Account $75,118
Oppenheimer Global John Hancock USA DFE: Pooled Separate Account $73,708
Jh Disciplined Value Mid Cap John Hancock USA DFE: Pooled Separate Account $65,582
Small Cap Value Fund John Hancock USA DFE: Pooled Separate Account $54,577
High Yield Fund John Hancock USA DFE: Pooled Separate Account $51,322
Templeton Global Bond Fund John Hancock USA DFE: Pooled Separate Account $49,357
Jh Multimanager 2055 Lifetime John Hancock USA DFE: Pooled Separate Account $48,445
Jh Multimanager Conservative Ls John Hancock USA DFE: Pooled Separate Account $47,732
Total Bond Market Fund John Hancock USA DFE: Pooled Separate Account $47,664
Total Stock Market Index Fund John Hancock USA DFE: Pooled Separate Account $47,462
Income Fund of America John Hancock USA DFE: Pooled Separate Account $46,337
Washington Mutual Investors John Hancock USA DFE: Pooled Separate Account $45,747
Jh Multimanager Moderate Ls John Hancock USA DFE: Pooled Separate Account $35,533
Fidelity Advisor Total Bond John Hancock USA DFE: Pooled Separate Account $32,647
Capital Appreciation Fund John Hancock USA DFE: Pooled Separate Account $28,612
Jp Morgan Us Equity John Hancock USA DFE: Pooled Separate Account $23,993
John Hancock USA Jh Multimanager 2060 Lifetime DFE: Pooled Separate Account $19,211
Blackrock Basic Value John Hancock USA DFE: Pooled Separate Account $18,820
Vanguard Mid-Cap Value Fund John Hancock USA DFE: Pooled Separate Account $11,262
Blackrock Global Allocation John Hancock USA DFE: Pooled Separate Account $3,321
Jh Thru 2010 Active Strategy John Hancock USA DFE: Pooled Separate Account $235
Total $18,769,475

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock USA 254
EIN 01-0233346
Industry Code 65838
Contract Number 113024
Contract Year 01/01/2017 — 12/31/2017
Value in General Account at Year End $0
Value in Separate Accounts at Year End $18,791,300
Insurance Fees and Commissions $51,637
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Axa Network LLC 3141 Fairview Park Drive Falls Church, VI 22042 Insurance Agent or Broker $42,993 $0 BROKER COMMISSION
Coastal Pension Services 7230 Lee Deforest Drive Columbia, MD 21042 Third Party Administrator $0 $8,644 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