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Kanawha Scales & Systems, Inc.
Plan RatingFORM 5500 DATA
Overview
Plan Information
- Plan Year01/01/2017 — 12/31/2017
- Date of Plan12/31/1976
- Net Assets as of 12/31/2017 $14,684,387
- 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 12/31/2017
- Active (Eligible) Participants141
- Retired or separated participants receiving benefits0
- Other retired or separated participants entitled to future benefits68
- Subtotal209
- Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
- Total209
- Total number of participants as of 01/01/2017203
- Number of participants with account balances199
- 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
- Zip25159-0569
- Telephone(304) 755-8321
- EIN55-0516017
- Industry Code423800
- Named AdministratorRobert W Foy
- Named Plan SponsorRobert W Foy
Audit Information
- Audit StatusAudited
- AuditorArnett Carbis Toothman LLP
- 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 | $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 | $2,301,961 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Expenses | $1,077,452 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Net Income | $1,224,509 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Asset and Liability Statement
12/31/2017 | 12/31/2016 | Change YOY | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total Assets | $14,684,387 | $13,459,878 | 9.10% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total Liabilities | $0 | $0 | 0.0% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Net Assets | $14,684,387 | $13,459,878 | 9.10% |
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 |
---|---|---|---|---|---|
Ja Investment Management, LLC | Investment advisory (participants) | $0 | $68,945 | $68,945 | |
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 | $600 | $0 | $600 |
Total | $600 | $68,945 | $69,545 |
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 | DFE: Pooled Separate Account | $2,646,810 |
Jh Lifestyle Growth | John Hancock | DFE: Pooled Separate Account | $1,806,909 |
Jh Lifestyle Balanced | John Hancock | DFE: Pooled Separate Account | $1,579,541 |
Index Total Fund | John Hancock | DFE: Pooled Separate Account | $944,454 |
Jh Lifestyle Moderate | John Hancock | DFE: Pooled Separate Account | $691,369 |
Jh Mutual Beacon | John Hancock | DFE: Pooled Separate Account | $632,347 |
Jh Mutual Discovery | John Hancock | DFE: Pooled Separate Account | $580,006 |
Jh Index Total | John Hancock | DFE: Pooled Separate Account | $555,297 |
Jh Growth Mutal Fund | John Hancock | DFE: Pooled Separate Account | $478,536 |
Sm Opps Fund | John Hancock | DFE: Pooled Separate Account | $390,969 |
Jh Emerging Market Fund | John Hancock | DFE: Pooled Separate Account | $357,259 |
Jh Lifestyle Conservative | John Hancock | DFE: Pooled Separate Account | $342,031 |
Jh Energy Fund | John Hancock | DFE: Pooled Separate Account | $327,636 |
Vs Rests Fund | John Hancock | DFE: Pooled Separate Account | $307,912 |
Vs Utility Fund | John Hancock | DFE: Pooled Separate Account | $270,264 |
Index Small Fund | John Hancock | DFE: Pooled Separate Account | $269,070 |
Jh International Value Fund | John Hancock | DFE: Pooled Separate Account | $249,018 |
Jh Europacific Fund | John Hancock | DFE: Pooled Separate Account | $247,319 |
Vs Cap App Fund | John Hancock | DFE: Pooled Separate Account | $186,709 |
Jh Pimco Global Bond | John Hancock | DFE: Pooled Separate Account | $183,285 |
Jh Value Index Fund | John Hancock | DFE: Pooled Separate Account | $167,715 |
Vs Core Bond Fund | John Hancock | DFE: Pooled Separate Account | $143,350 |
Jh Us Equity | John Hancock | DFE: Pooled Separate Account | $137,792 |
Jh Lifestyle Aggressive | John Hancock | DFE: Pooled Separate Account | $128,862 |
Jh Small Cap Value Index | John Hancock | DFE: Pooled Separate Account | $118,481 |
Vs Small Value Fund | John Hancock | DFE: Pooled Separate Account | $112,200 |
Jh Growth Index Fund | John Hancock | DFE: Pooled Separate Account | $103,570 |
Jh Small Cap Growth Index | John Hancock | DFE: Pooled Separate Account | $92,307 |
Jh Global Fund | John Hancock | DFE: Pooled Separate Account | $77,394 |
Mid Cap Value Etf | John Hancock | DFE: Pooled Separate Account | $71,562 |
Vs Sctec Fund | John Hancock | DFE: Pooled Separate Account | $68,588 |
Idx Intl | John Hancock | DFE: Pooled Separate Account | $60,576 |
Index 500 Fund | John Hancock | DFE: Pooled Separate Account | $54,287 |
Vs Us High Yield Fund | John Hancock | DFE: Pooled Separate Account | $43,403 |
Tot Bmkt Fund | John Hancock | DFE: Pooled Separate Account | $42,912 |
Vs Natural Resources Fund | John Hancock | DFE: Pooled Separate Account | $39,694 |
T Rowe Price Equity Inc | John Hancock | DFE: Pooled Separate Account | $22,369 |
Tocq Gold | John Hancock | DFE: Pooled Separate Account | $18,792 |
Vs Mc St | John Hancock | DFE: Pooled Separate Account | $8,827 |
Vs Small Growth Fund | John Hancock | DFE: Pooled Separate Account | $6,868 |
Jh Intl Growth Fund | John Hancock | DFE: Pooled Separate Account | $5,565 |
Vs Smc Fund | John Hancock | DFE: Pooled Separate Account | $5,281 |
Mid Cap Growth Etf | John Hancock | DFE: Pooled Separate Account | $2,129 |
Total | $14,579,265 |
Insurance Information
Insurance Information
Insurance Carrier Summary | Persons Covered | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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John Hancock Life Insurance Company (U.S.A) | 199 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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