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FORM 5500 DATA

A. H. Harris & Sons, Inc. Retirement Plan

Overview

Plan Information

  • Plan Year01/01/2010 — 12/31/2010
  • Date of Plan06/30/1966
  • Net Assets as of 12/31/2010 $15,210,923
  • 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 12/31/2010

  • Active (Eligible) Participants373
  • Retired or separated participants receiving benefits1
  • Other retired or separated participants entitled to future benefits34
  • Subtotal408
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits1
  • Total409
  • Total number of participants as of 01/01/2010419
  • Number of participants with account balances384
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested39

Expenses

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

Sponsor Information

  • Address433 South Main St., Suite 202
  • CityWest Hartford
  • StateCT
  • Zip06110
  • Telephone(860) 216-9500
  • EIN06-0704758
  • Industry Code423300
  • Named AdministratorVance W Harris
  • Named Plan SponsorVance W Harris

Plan Administrator Information

  • Administrator NameA. H. Harris & Sons, Inc.
  • Address433 South Main St., Suite 202
  • CityWest Hartford
  • StateCT
  • Zip06110
  • Telephone(860) 216-9500
  • Administrator EIN06-0704758

Audit Information

  • Audit StatusAudited
  • AuditorBlumshapiro
  • Auditor EIN06-1009205
  • 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.
2S Automatic Enrollment Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
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.

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 $2,640,644
Contributions $971,712
Cash Contributions $971,712
Cash from Employers $124
Cash from Participants $944,767
Others (including rollovers) $26,821
Noncash Contributions $0
Total Earnings on Investments $1,668,932
Total Interest $105,743
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $13,985
Interest from Other Investments $91,758
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 $1,563,189
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 $1,063,138
Total Benefit Payments $991,944
Directly to participants or beneficiaries, including direct rollovers $991,944
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $30,561
Certain deemed distributions of participant loans $5,325
Interest expense $0
Total Administrative Expenses $35,308
Professional Fees $0
Contract Administrator Fees $11,747
Investment Advisory and management fees $23,418
Other Administrative Fees $143
Net Income $1,577,506
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2010 12/31/2009 Change YOY
Total Assets $15,210,923 $13,633,417 11.57%
Total noninterest-bearing cash $0 $0 0.0%
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 $303,572 $244,403 24.21%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $11,702,733 $10,179,401 14.96%
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 $3,204,618 $3,209,613 -0.16%
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 $15,210,923 $13,633,417 11.57%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Massachusetts Mutual Life Ins. Co.

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
Massachusetts Mutual Life Ins. Co. Investment management fees paid indirectly by plan, Sub-transfer agency fees, Distribution (12b-1) fees, Recordkeeping fees, Soft dollars commissions, Other investment fees and expenses, Other fees Contract Administrator $35,307 $0 $35,307
Total $35,307 $0 $35,307

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Massachusetts Mutual Life Ins. Co. Select Destination Retirement 2010 Investment management fees paid indirectly by plan, Other investment fees and expenses Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Select Destination Retirement Incom Investment management fees paid indirectly by plan, Other investment fees and expenses Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Select Destination Retirement 2020 Investment management fees paid indirectly by plan, Other investment fees and expenses Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Select Destination Retirement 2030 Investment management fees paid indirectly by plan, Other investment fees and expenses Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Select Destination Retirement 2040 Investment management fees paid indirectly by plan, Other investment fees and expenses Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Large-Cap Value Eaton Vance Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Equity & Income Oakmark Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Select Indexed Eqty Northrn Trust Other investment fees and expenses Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Select Mid Cap Gr II Trp/Frontier Other investment fees and expenses Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Leveraged Co Stckfidelity Advisor Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Mutual Beacon Franklin Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Intl Growth Adv Alliancebrnstein Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Select Destination Retirement 2050 Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Select Pimco Total Return Other investment fees and expenses Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Small Cap Val Invesco Van Kampen Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Small Cap Select Nuveen Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Nfj International Value Allianz Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Small Companies Invesco Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Growth America American Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Spectrum Growth T. Rowe Price Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Blue Brandywine Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. International Bond Ofi Sub-transfer agency fees, Other fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Mid Cap Value Perkins Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Value Thornburg Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Developing Markets Ofi Sub-transfer agency fees, Other fees Basis Points * Plan Assets $0
*As outlined by the Form 5500 Instructions for service providers with indirect compensation.

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
Sia-Va Equity & Income Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $1,174,922
Sia-Wf Select Mid Cap Gr II Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $1,133,497
Sia-Wz Select Pimco Total Return Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $911,835
Sia-Nc Premier Capital Appreciation Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $806,409
Sia-Nd Premier Global Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $753,026
Sia-I Premier Int'L Equity Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $748,958
Sia-Wh Spectrum Growth Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $699,505
Sia-Mp Sel Mid Cap Val Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $673,530
Sia-X Select Indexed Eqty Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $616,779
Sia-Hf Small Cap Val Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $605,709
Sia-Gw Growth America Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $528,945
Sia-K1 Destination Retirement 2020 Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $528,899
Sia-J Select Large Cap Value Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $346,524
Sia-Eh Mutual Beacon Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $345,273
Sia-M1 Destination Retirement 2040 Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $303,378
Sia-K6 Destination Retirement 2030 Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $287,724
Sia-Kp Small Cap Select Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $272,372
Sia-Id Large-Cap Value Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $210,665
Sia-Ol Nfj International Value Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $168,499
Sia-Qg Small Companies Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $96,535
Sia-Cw International Bond Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $94,596
Sia-Ch Intl Growth Adv Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $88,866
Sia-J6 Destination Retirement 2010 Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $87,490
Sia-Vi Leveraged Co Stck Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $72,300
Sia-Cl Value Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $35,204
Sia-C Developing Markets Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $31,638
Sia-J1 Destination Retirement Incom Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $29,259
Sia-H5 Destination Retirement 2050 Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $28,627
Sia-Ti Mid Cap Value Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $21,768
Sia-Fm Blue Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $0
Total $11,702,732

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Massachusetts Mutual Life Insurance Company 409
EIN 04-1590850
Industry Code 65935
Contract Number SF 51071
Contract Year 01/01/2010 — 12/31/2010
Value in General Account at Year End $0
Value in Separate Accounts at Year End $11,702,733
Insurance Fees and Commissions $7,523
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Icc Ins Agency Inc 230 Broadway Ste 203 Lynnfield, MA 01940 Agent or Broker other than Insurance $7,523 $0
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 GROUP ANNUITY CONTRACT
Balance at the end of the previous year $3,209,613
Additions $1,489,522
Contributions Deposited during the year $944,890
Dividends and credits $0
Interest credited during the year $91,758
Transferred from separate account $193,087
Other $259,787
Total of Balance and Additions $4,699,135
Deductions $1,494,517
Disbursed from fund to pay benefits or purchase annuities during the year $459,085
Administration charge made by carrier $8,828
Transferred to Separate Account $954,442
Other $72,162
Balance at the end of the current year $3,204,618