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Overview

Plan Information

  • Plan Year01/01/2018 — 12/31/2018
  • Date of Plan07/01/1990
  • Net Assets as of 12/31/2018 $1,932,450
  • 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 12/31/2018

  • Active (Eligible) Participants197
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits16
  • Subtotal213
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total213
  • Total number of participants as of 01/01/2018199
  • Number of participants with account balances58
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested0

Expenses

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

Sponsor Information

  • Address150 Mattatuck Heights
  • CityWaterbury
  • StateCT
  • Zip06705
  • Telephone(203) 597-4905
  • EIN06-0871968
  • Industry Code448310

Audit Information

  • Audit StatusAudited
  • AuditorWalsh & Dickinson
  • Auditor EIN82-3222207
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
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.
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 $71,911
Contributions $139,129
Cash Contributions $139,129
Cash from Employers $0
Cash from Participants $139,129
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $-67,218
Total Interest $6,836
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $960
Interest from Other Investments $5,876
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 $-74,054
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 $294,688
Total Benefit Payments $293,083
Directly to participants or beneficiaries, including direct rollovers $293,083
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 $1,605
Professional Fees $330
Contract Administrator Fees $1,275
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $-222,777
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2018 12/31/2017 Change YOY
Total Assets $1,932,450 $2,155,227 -10.34%
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 $16,199 $20,154 -19.62%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $1,376,165 $1,644,823 -16.33%
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 $540,086 $490,250 10.17%
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 $1,932,450 $2,155,227 -10.34%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Lincoln National Corporation

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
Pasi, LLC Recordkeeping and information management (computing, tabulating, data processing, etc.) TPA $1,275 $0 $1,275
Lincoln National Corporation Contract Administrator Service Provider $330 $0 $330
Total $1,605 $0 $1,605

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
Guaranteed Stable Value Lincoln National Life Ins. Co. DFE: Pooled Separate Account $540,086
Vanguard Lifestrat Mod Grwth Sab2 Lincoln National Life Ins. Co. DFE: Pooled Separate Account $335,838
Vanguard Lifestrat Grwth Sab1 Lincoln National Life Ins. Co. DFE: Pooled Separate Account $304,973
Ssga Rsl Lrg Cap Grw Nl Saa7 Lincoln National Life Ins. Co. DFE: Pooled Separate Account $244,452
Vanguard 500 Index Sacg Lincoln National Life Ins. Co. DFE: Pooled Separate Account $203,789
Vanguard Total Bond Mkt Index Sabn Lincoln National Life Ins. Co. DFE: Pooled Separate Account $83,241
Vanguard Lifestrat Cons Grwth Saaz Lincoln National Life Ins. Co. DFE: Pooled Separate Account $71,810
Ssga Rsl Small Cap Grw Nl Saa9 Lincoln National Life Ins. Co. DFE: Pooled Separate Account $26,623
Vanguard Dev Mkts Index Adm Sach Lincoln National Life Ins. Co. DFE: Pooled Separate Account $26,228
Vanguard Target Ret 2025 Inv Sabc Lincoln National Life Ins. Co. DFE: Pooled Separate Account $20,016
Ssga Rsl Lrg Cap Val Nl Saa8 Lincoln National Life Ins. Co. DFE: Pooled Separate Account $12,501
Ssga Sp Midcap Index Sacd Lincoln National Life Ins. Co. DFE: Pooled Separate Account $10,929
Vanguard Target Ret 2030 Inv Sabd Lincoln National Life Ins. Co. DFE: Pooled Separate Account $10,064
Vanguard Infl Protect Sec Saaw Lincoln National Life Ins. Co. DFE: Pooled Separate Account $7,418
Vanguard Target Ret 2050 Inv Sabh Lincoln National Life Ins. Co. DFE: Pooled Separate Account $4,105
Ssga Rsl Small Cap Val Nl Saaa Lincoln National Life Ins. Co. DFE: Pooled Separate Account $3,622
Vanguard Reit Index Adm Sab5 Lincoln National Life Ins. Co. DFE: Pooled Separate Account $2,779
Vanguard Emg Mkt Stk Adm Saas Lincoln National Life Ins. Co. DFE: Pooled Separate Account $2,550
Vanguard Target Ret 2035 Inv Sabe Lincoln National Life Ins. Co. DFE: Pooled Separate Account $1,562
Baird Core Plus Bond Inst Saek Lincoln National Life Ins. Co. DFE: Pooled Separate Account $1,290
Vanguard Target Ret 2055 Inv Sabk Lincoln National Life Ins. Co. DFE: Pooled Separate Account $977
Am Funds Europacific Growth Lincoln National Life Ins. Co. DFE: Pooled Separate Account $603
Vanguard Target Ret Inc Inv Sabm Lincoln National Life Ins. Co. DFE: Pooled Separate Account $410
Vanguard Target Ret 2060 Inv Sabl Lincoln National Life Ins. Co. DFE: Pooled Separate Account $210
Vanguard Target Ret 2040 Inv Sabf Lincoln National Life Ins. Co. DFE: Pooled Separate Account $175
Vanguard Target Ret 2020 Inv Sabb Lincoln National Life Ins. Co. DFE: Pooled Separate Account $0
Vanguard Target Ret 2015 Inv Saba Lincoln National Life Ins. Co. DFE: Pooled Separate Account $0
Vanguard Target Ret 2010 Inv Sab9 Lincoln National Life Ins. Co. DFE: Pooled Separate Account $0
Vanguard Target Ret 2045 Inv Sabh Lincoln National Life Ins. Co. DFE: Pooled Separate Account $0
Pimco Short Term Fund Instl Saa5 Lincoln National Life Ins. Co. DFE: Pooled Separate Account $0
Total $1,916,251

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Lincoln National Life Insurance Company 58
EIN 35-0472300
Industry Code 65676
Contract Number GP 31032 / FXC0
Contract Year 01/01/2018 — 12/31/2018
Value in General Account at Year End $540,086
Value in Separate Accounts at Year End $1,376,165
Insurance Fees and Commissions $6,600
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Lincoln Financial Advisors 1300 S Clinton St Ste #150 Fort Wayne, IN 46802 -9999 Agent or Broker other than Insurance $5,153 $0
Pasi, LLC 231 Farmington Avenue Farmington, CT 06032 Third Party Administrator $0 $1,447 TPA AWARDS
Allocated Funds
Type of Contract GROUP VAR ANNUITY W/GUAR FUND
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 Group Var Annuity W/Guar Fund
Unallocated Funds
Type of Contract Guaranteed Investment
Balance at the end of the previous year $490,250
Additions $124,054
Contributions Deposited during the year $15,034
Dividends and credits $0
Interest credited during the year $5,876
Transferred from separate account $52,466
Other $50,678
Total of Balance and Additions $614,304
Deductions $74,218
Disbursed from fund to pay benefits or purchase annuities during the year $11,341
Administration charge made by carrier $0
Transferred to Separate Account $26,508
Other $36,369
Balance at the end of the current year $540,086