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FORM 5500 DATA

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

Overview

Plan Information

  • Plan Year01/01/2016 — 12/31/2016
  • Date of Plan06/30/1966
  • Net Assets as of 12/31/2016 $24,661,150
  • 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
  • Report Description This is an amended report.
  • Plan Funding ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2016

  • Active (Eligible) Participants523
  • Retired or separated participants receiving benefits2
  • Other retired or separated participants entitled to future benefits46
  • Subtotal571
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total571
  • Total number of participants as of 01/01/2016526
  • Number of participants with account balances555
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested15

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 AdministratorPatricia Clahar

Audit Information

  • Audit StatusAudited
  • AuditorBlum, Shapiro & Co
  • Auditor EIN61-1009205
  • 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.
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.
3H Controlled Group Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

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 $4,075,501
Contributions $2,540,652
Cash Contributions $2,540,652
Cash from Employers $645,329
Cash from Participants $1,851,445
Others (including rollovers) $43,878
Noncash Contributions $0
Total Earnings on Investments $1,534,849
Total Interest $131,061
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $20,136
Interest from Other Investments $110,925
Total Dividends $20,098
Preferred Stock $0
Common Stock $0
Rents $0
Net gain (loss) on sale of assets $4,267
Aggregate Proceeds $85,491
Aggregate Carrying Amount $81,224
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 $386,187
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 $993,236
Other Income $0
Expenses $2,153,954
Total Benefit Payments $2,104,656
Directly to participants or beneficiaries, including direct rollovers $2,104,656
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 $49,298
Professional Fees $0
Contract Administrator Fees $10,310
Investment Advisory and management fees $38,988
Other Administrative Fees $0
Net Income $1,921,547
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2016 12/31/2015 Change YOY
Total Assets $24,661,150 $22,739,603 8.45%
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 $446,413 $484,702 -7.90%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $6,608,412 $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 $13,588,610 $18,652,686 -27.15%
Value of funds held in insurance co. general account $4,017,715 $3,602,215 11.53%
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 $24,661,150 $22,739,603 8.45%

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 Contract Administrator $49,298 $0 $49,298
Janney Montgomery Scott LLC Investment advisory (plan) Investment Advisor $0 $42,946 $42,946
Total $49,298 $42,946 $92,244

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 Metwest Total Return Bond Other investment fees and expenses Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Strategic Income Loomis Sayles Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Mfs Value Fund Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Premier Int'L Equity Ofi Inst Other investment fees and expenses 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. Value Mfs Sub-transfer agency fees 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. Select Wellington Ofi Small Cap Gr 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. Select Trp Ls Blue Chip Growth Other investment fees and expenses Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Sel Overseas Mfs Harris Jp Morgan Other investment fees and expenses Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Select Fundamental Val Wellington Other investment fees and expenses Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Small Cap Equity Jp Morgan Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Smartretirement 2015 Jp Morgan Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Smartretirement 2020 Jp Morgan Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Smartretirement 2025 Jp Morgan Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Smartretirement 2030 Jp Morgan Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Smartretirement 2035 Jp Morgan Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Smartretirement 2040 Jp Morgan Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Smartretirement 2045 Jp Morgan Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Smartretirement 2050 Jp Morgan Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Smartretirement 2055 Jp Morgan Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Smartretirement Incm Jp Morgan Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Small Cap Value Invesco Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Sel Systematic Am Cent Mid Cap Val Other investment fees and expenses Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Mm S&P Mid Cap Index Nrtn Tr Other investment fees and expenses Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Mm Rsl 2000 Smcap Indx Nrtn Tr Other investment fees and expenses Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Premier Global Ofi Other investment fees and expenses Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Companies Select Invesco Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. International Bond Ofi Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Developing Markets Ofi Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Europacific Growth American Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Stocksplus Pimco Sub-transfer agency fees Basis Points * Plan Assets $0
Janney Montgomery Scott LLC Massachusetts Mutual Life Ins. Co. Investment advisory (plan) Plan Related Expenses $42,946
*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-Caa Mm S&P 500 Index Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $2,223,493
Sia-Or Smartretirement 2020 Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $1,842,244
Sia-Wa Select Trp/Ls Blue Chip Grow Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $1,675,792
Sia-S7 Smartretirement 2040 Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $1,392,183
Sia-Wz Select Metwest Total Return Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $1,387,292
Sia-Wf Select Mid Cap Gr Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $1,378,461
Sia-Q7 Smartretirement 2030 Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $1,315,873
Sia-Hf Small Cap Value Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $903,551
Sia-Va Equity & Income Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $810,016
Sia-I Premier Int'L Equity Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $628,886
Sia-X7 Smartretirement 2050 Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $606,279
Sia-Pq Stocksplus Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $520,073
Sia-Mp Sel Systematic/Am Cent Mid C Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $498,135
Sia-Nd Premier Global Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $488,592
Sia-P7 Smartretirement 2025 Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $480,918
Sia-Cbu Mm S&P Mid Cap Index Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $375,950
Sia-Sc Select Wellington/Ofi Small Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $355,208
Sia-U7 Smartretirement 2045 Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $327,375
Sia-R7 Smartretirement 2035 Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $317,891
Sia-Kr Europacific Growth Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $316,088
Sia-Sh Sel Overseas Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $273,586
Sia-C Developing Markets Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $238,440
Sia-M7 Smartretirement 2015 Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $119,850
Sia-Iz Smartretirement Incm Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $115,990
Sia-Cw International Bond Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $114,443
Sia-Cbl Mm Rsl 2000 Smcap Indx Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $92,161
Sia-Ccz Smartretirement 2055 Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $89,807
Sia-Ql Strategic Income Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $86,888
Sia-Vv Value Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $0
Sia-Vi Leveraged Co Stck Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $0
Sia-Sk Select Fundamental Val Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $0
Sia-Qg Companies Select Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $0
Total $18,975,465

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Massachusetts Mutual Life Insurance Company 571
EIN 04-1590850
Industry Code 65935
Contract Number SF 51071
Contract Year 01/01/2016 — 12/31/2016
Value in General Account at Year End $0
Value in Separate Accounts at Year End $19,385,369
Insurance Fees and Commissions $0
Persons Receiving Commissions and Fees There are no brokers listed for this plan.
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 $3,602,215
Additions $3,304,026
Contributions Deposited during the year $2,496,773
Dividends and credits $0
Interest credited during the year $110,925
Transferred from separate account $374,686
Other $321,642
Total of Balance and Additions $6,906,241
Deductions $2,888,526
Disbursed from fund to pay benefits or purchase annuities during the year $270,227
Administration charge made by carrier $6,984
Transferred to Separate Account $2,584,416
Other $26,899
Balance at the end of the current year $4,017,715