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FORM 5500 DATA

Kanawha Scales & Systems, Inc. 401k Profit Sharing Plan

Overview

Plan Information

  • Plan Year01/01/2008 — 12/31/2008
  • Date of Plan12/31/1976
  • Net Assets as of 12/31/2008 $5,215,644
  • Plan Number2
  • 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 12/31/2008

  • Active (Eligible) Participants155
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits61
  • Subtotal216
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total216
  • Total number of participants as of 01/01/2008214
  • Number of participants with account balances193
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested12
  • Number of participants required to be reported on Schedule SSA5

Expenses

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

Sponsor Information

  • AddressP.O.Box 569
  • CityPOCA
  • StateWV
  • Zip25159-0569
  • Telephone(304) 755-8321
  • EIN55-0516017
  • Industry Code423800

Plan Administrator Information

  • Administrator NameSAME
  • Administrator EIN

Plan Preparer Information

  • Preparer NameArnett & Foster, P.L.L.C.
  • AddressP. 0. Box 2629
  • City Charleston
  • State
  • Zip25329
  • Telephone(304) 346-0441
  • Preparer EIN55-0486667

Audit Information

  • Audit StatusAudited
  • AuditorArnett & Foster PLLC
  • Auditor EIN55-0486667
  • 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.
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.

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 $8,199
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 $300,000
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

Financials

Income and Expense Statement

Income $-1,025,016
Contributions $720,891
Cash Contributions $720,891
Cash from Employers $139,125
Cash from Participants $580,016
Others (including rollovers) $1,750
Noncash Contributions $0
Total Earnings on Investments $-1,746,374
Total Interest $2,795
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $2,795
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 $-1,749,169
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 $467
Expenses $539,545
Total Benefit Payments $539,401
Directly to participants or beneficiaries, including direct rollovers $539,401
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 $144
Professional Fees $144
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $-1,564,561
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2008 12/31/2007 Change YOY
Total Assets $5,215,644 $6,780,205 -23.08%
Total noninterest-bearing cash $4,860 $4,610 5.42%
Receivables $35,619 $26,907 32.38%
Employer Contributions $7,001 $5,288 32.39%
Participant Contributions $28,019 $21,151 32.47%
Other Contributions $599 $468 27.99%
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 $65,655 $33,113 98.28%
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 $3,568,767 $5,269,330 -32.27%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $1,540,743 $1,446,245 6.53%
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 $5,215,644 $6,780,205 -23.08%

Service Providers

Service Providers

There are no service providers listed for this plan.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
John Hancock Stable Val John Hancock USA DFE: Pooled Separate Account $1,540,743
Lifestyle Balanced John Hancock USA DFE: Pooled Separate Account $534,104
Lifestyle Growth John Hancock USA DFE: Pooled Separate Account $356,848
Lifestyle Moderate John Hancock USA DFE: Pooled Separate Account $322,600
Mutual Discovery John Hancock USA DFE: Pooled Separate Account $276,875
Lifestyle Conservative John Hancock USA DFE: Pooled Separate Account $270,020
Mutual Beacon John Hancock USA DFE: Pooled Separate Account $225,863
Riversource Mid Cap Value John Hancock USA DFE: Pooled Separate Account $217,786
Energy John Hancock USA DFE: Pooled Separate Account $157,969
Small Cap Index Fund John Hancock USA DFE: Pooled Separate Account $116,431
Small Cap Opportunities Fund John Hancock USA DFE: Pooled Separate Account $111,520
Pimco Global Bond John Hancock USA DFE: Pooled Separate Account $107,607
Utilities Fund John Hancock USA DFE: Pooled Separate Account $102,245
Core Bond Fund John Hancock USA DFE: Pooled Separate Account $96,526
Dfa International Value John Hancock USA DFE: Pooled Separate Account $86,027
Europacific Growth Fund John Hancock USA DFE: Pooled Separate Account $82,990
The Growth Fund of America John Hancock USA DFE: Pooled Separate Account $81,636
Small Cap Growth Index John Hancock USA DFE: Pooled Separate Account $79,683
Lifestyle Aggressive John Hancock USA DFE: Pooled Separate Account $72,819
Large Cap Fund John Hancock USA DFE: Pooled Separate Account $71,663
T. Rowe Price Real Estate John Hancock USA DFE: Pooled Separate Account $47,763
Dfa Emerging Markets Value John Hancock USA DFE: Pooled Separate Account $29,627
Natural Resources Fund John Hancock USA DFE: Pooled Separate Account $28,325
Small Cap Value Index John Hancock USA DFE: Pooled Separate Account $21,175
Legg Mason Growth John Hancock USA DFE: Pooled Separate Account $17,966
Bond Index Fund John Hancock USA DFE: Pooled Separate Account $7,901
Oppenheimer Global John Hancock USA DFE: Pooled Separate Account $6,959
Small Cap Value Fund John Hancock USA DFE: Pooled Separate Account $6,251
Value Index Fund John Hancock USA DFE: Pooled Separate Account $5,372
Small Cap Growth Fund John Hancock USA DFE: Pooled Separate Account $4,091
International Opps Fund John Hancock USA DFE: Pooled Separate Account $3,980
U.S. High Yield Bond Fund John Hancock USA DFE: Pooled Separate Account $3,628
Blackrock Large Value John Hancock USA DFE: Pooled Separate Account $3,533
500 Index Fund John Hancock USA DFE: Pooled Separate Account $2,749
Mid Cap Index Fund John Hancock USA DFE: Pooled Separate Account $2,514
Allianz Rcm Tech Fund John Hancock USA DFE: Pooled Separate Account $2,451
Small Company Value Fund John Hancock USA DFE: Pooled Separate Account $938
Intl Equity Index Fund John Hancock USA DFE: Pooled Separate Account $718
Total Stock Market Index Fund John Hancock USA DFE: Pooled Separate Account $542
Growth Index Fund John Hancock USA DFE: Pooled Separate Account $415
Value Fund John Hancock USA DFE: Pooled Separate Account $389
Mid-Cap Value Index Fund John Hancock USA DFE: Pooled Separate Account $268
Total $5,109,510

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock Life Insurance Company U.S.A 197
EIN 01-0233346
Industry Code 65838
Contract Number 68839
Contract Year 01/01/2008 — 12/31/2008
Value in General Account at Year End $0
Value in Separate Accounts at Year End $5,109,510
Insurance Fees and Commissions $38,723
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Benefit Solutions, Inc. 5960 Us Route 60 Suite 1 Barboursville, WV 25504 Third Party Administrator $0 $19,412 ADMINISTRATIVE FEES
Money Concepts Capital Corp. 11440 North Jog Road Palm Beach Gardens, FL 33418 Insurance Agent or Broker $0 $19,299
Fund Companies Investment Company/Mutual Fund $0 $12 REDEMPTION FEES
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