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FORM 5500 DATA

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

Overview

Plan Information

  • Plan Year01/01/2013 — 12/31/2013
  • Date of Plan12/31/1976
  • Net Assets as of 12/31/2013 $12,319,876
  • 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 12/31/2013

  • Active (Eligible) Participants155
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits65
  • Subtotal220
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total220
  • Total number of participants as of 01/01/2013223
  • Number of participants with account balances191
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested3

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
  • Telephone(304) 755-8321
  • EIN55-0516017
  • Industry Code423800
  • Named AdministratorRobert W. Foy
  • Named Plan SponsorRobert W. Foy

Audit Information

  • Audit StatusAudited
  • AuditorArnett Foster Toothman 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.
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 $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
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 $2,288,154
Contributions $778,460
Cash Contributions $778,460
Cash from Employers $146,068
Cash from Participants $615,288
Others (including rollovers) $17,104
Noncash Contributions $0
Total Earnings on Investments $1,509,694
Total Interest $6,682
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $6,682
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 $1,503,012
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 $126,923
Total Benefit Payments $126,567
Directly to participants or beneficiaries, including direct rollovers $126,567
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 $356
Professional Fees $356
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $2,161,231
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2013 12/31/2012 Change YOY
Total Assets $12,319,876 $10,158,645 21.27%
Total noninterest-bearing cash $3,216 $1,028 212.84%
Receivables $0 $581 0.0%
Employer Contributions $0 $581 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 $141,194 $167,919 -15.92%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $0 $9,989,117 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 $9,182,931 $0 0.0%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $2,992,535 $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 $12,319,876 $10,158,645 21.27%

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
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, Soft dollars commissions Recordkeeper $356 $0 $356
Total $356 $0 $356

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 John Hancock Stable Value John Hancock USA DFE: Pooled Separate Account $2,992,535
Jh Lifestyle Balanced John Hancock USA DFE: Pooled Separate Account $1,365,905
Jh Lifestyle Growth John Hancock USA DFE: Pooled Separate Account $1,125,782
Jh Lifestyle Moderate John Hancock USA DFE: Pooled Separate Account $614,965
Jh Mutal Discovery John Hancock USA DFE: Pooled Separate Account $583,530
Jh Colmidval John Hancock USA DFE: Pooled Separate Account $577,238
Jh Beacon John Hancock USA DFE: Pooled Separate Account $542,712
Jh Lifestyle Conservative John Hancock USA DFE: Pooled Separate Account $392,618
Jh Index Small Fund John Hancock USA DFE: Pooled Separate Account $368,525
Jh Energy Fund John Hancock USA DFE: Pooled Separate Account $341,493
Sm Opps Fund John Hancock USA DFE: Pooled Separate Account $335,555
Jh Index Total John Hancock USA DFE: Pooled Separate Account $298,193
Jh Growth Mutal Fund John Hancock USA DFE: Pooled Separate Account $260,485
Jh Lifestyle Aggressive John Hancock USA DFE: Pooled Separate Account $249,333
Jh Index Mid John Hancock USA DFE: Pooled Separate Account $244,304
Jh Emerg Mk John Hancock USA DFE: Pooled Separate Account $235,720
Vs Utility Fund John Hancock USA DFE: Pooled Separate Account $192,760
Vs Rests John Hancock USA DFE: Pooled Separate Account $189,153
Jh Us Equity John Hancock USA DFE: Pooled Separate Account $184,085
Jh Intl Value John Hancock USA DFE: Pooled Separate Account $180,288
Jh Europe Pacific John Hancock USA DFE: Pooled Separate Account $167,247
Vs Core Bond Fund John Hancock USA DFE: Pooled Separate Account $107,912
Jh Pimco Global Bond John Hancock USA DFE: Pooled Separate Account $90,073
Jh Small Cap Growth Index John Hancock USA DFE: Pooled Separate Account $88,304
Tpr Eq Inc John Hancock USA DFE: Pooled Separate Account $66,543
Jh Small Cap Value Index John Hancock USA DFE: Pooled Separate Account $61,457
Jh Global Fund John Hancock USA DFE: Pooled Separate Account $55,312
Vs Small Value Fund John Hancock USA DFE: Pooled Separate Account $51,752
Vs Cap App Fund John Hancock USA DFE: Pooled Separate Account $46,981
Tot Bmkt Fund John Hancock USA DFE: Pooled Separate Account $20,116
Jh Value Index John Hancock USA DFE: Pooled Separate Account $15,361
Vs Natural Resources Fund John Hancock USA DFE: Pooled Separate Account $10,040
Vs Stec Fund John Hancock USA DFE: Pooled Separate Account $9,508
Jh Intl Growth Fund John Hancock USA DFE: Pooled Separate Account $5,555
Jh Idx Intl John Hancock USA DFE: Pooled Separate Account $5,217
Vs Ushiyld John Hancock USA DFE: Pooled Separate Account $4,716
Jh Fidavgold John Hancock USA DFE: Pooled Separate Account $4,566
Vs Value Fund John Hancock USA DFE: Pooled Separate Account $4,024
Vs Sm Growth Fund John Hancock USA DFE: Pooled Separate Account $3,527
Jh Growth Index John Hancock USA DFE: Pooled Separate Account $3,356
Vs Smc Fund John Hancock USA DFE: Pooled Separate Account $3,247
Jh Index 500 John Hancock USA DFE: Pooled Separate Account $2,890
Jh Ssga Mcg John Hancock USA DFE: Pooled Separate Account $2,594
Ssga Mcv John Hancock USA DFE: Pooled Separate Account $663
Total $12,106,140

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock Life Insurance Company (U.S.A) 193
EIN 01-0233346
Industry Code 65838
Contract Number 68839
Contract Year 01/01/2013 — 12/31/2013
Value in General Account at Year End $0
Value in Separate Accounts at Year End $12,175,466
Insurance Fees and Commissions $62,097
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Ja Investment Management 600B Prestige Park Dr, Suite 3 Hurricane, WV 25526 Investment Manager/Adviser $56,521 $0
Benefit Solutions, Inc. 5960 Us Route 60 Suite 1 Barboursville, WV 25504 Third Party Administrator $0 $5,576 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