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FORM 5500 DATA

Automated Precision, Inc. 401k Plan

Overview

Plan Information

  • Plan Year01/01/2017 — 12/31/2017
  • Date of Plan01/01/2012
  • Net Assets as of 12/31/2017 $5,904,050
  • Plan Number1
  • 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) Participants133
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits32
  • Subtotal165
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total165
  • Total number of participants as of 01/01/2017166
  • Number of participants with account balances123
  • 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

  • Address15000 Johns Hopkins Drive
  • CityRockville
  • StateMD
  • Zip20850
  • Telephone(240) 268-0400
  • EIN52-1448877
  • Industry Code541190
  • Named AdministratorAllen Frydenberg

Audit Information

  • Audit StatusAudited
  • AuditorE.W. Depew, Inc.
  • Auditor EIN46-4464552
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
2A Age/Service Weighted or New Comparability or Similar Plan Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New Comparability or Similar Plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the threshold or additional rate allowed under the permitted disparity rules of section 401(l)
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.
3F Leased Employees Plan sponsor(s) received services of leased employees, as defined in Code section 414(n), during the plan year.

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 $250,000
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? Yes
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? Yes

Financials

Income and Expense Statement

Income $1,710,367
Contributions $945,174
Cash Contributions $945,174
Cash from Employers $267,242
Cash from Participants $623,602
Others (including rollovers) $54,330
Noncash Contributions $0
Total Earnings on Investments $765,193
Total Interest $676
Interest-Bearing Cash $676
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $0
Interest from Other Investments $0
Total Dividends $64,888
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 $405,960
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 $293,669
Other Income $0
Expenses $544,682
Total Benefit Payments $540,006
Directly to participants or beneficiaries, including direct rollovers $540,006
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 $4,676
Professional Fees $0
Contract Administrator Fees $338
Investment Advisory and management fees $3,825
Other Administrative Fees $513
Net Income $1,165,685
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2017 12/31/2016 Change YOY
Total Assets $5,904,050 $4,738,365 24.60%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $36,753 $30,125 22.00%
Employer Contributions $12,788 $11,051 15.72%
Participant Contributions $23,965 $19,074 25.64%
Other Contributions $0 $0 0.0%
General Investments $68,539 $0 0.0%
Interest-bearing cash $68,539 $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 $0 $0 0.0%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $0 $4,708,240 -100.00%
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 $5,798,758 $0 0.0%
Value of funds held in insurance co. general account $0 $0 0.0%
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 $5,904,050 $4,738,365 24.60%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • The Vanguard Group, Inc.

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
The Vanguard Group, Inc. Recordkeeping and information management (computing, tabulating, data processing, etc.), Other fees, Recordkeeping fees, Direct payment from the plan, Investment management fees paid indirectly by plan, Soft dollars commissions NONE $338 $0 $338
Total $338 $0 $338

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
Vanguard Mid-Cap Value Etf John Hancock DFE: Pooled Separate Account $0
Income Fund of America John Hancock DFE: Pooled Separate Account $0
Templeton Global Bond Fund John Hancock DFE: Pooled Separate Account $0
High Yield Fund John Hancock DFE: Pooled Separate Account $0
Strategic Income Opp Fund John Hancock DFE: Pooled Separate Account $0
Federated High Yield Bond John Hancock DFE: Pooled Separate Account $0
U.S. High Yield Bond Fund John Hancock DFE: Pooled Separate Account $0
Jh Ret To 2055 Managed Port John Hancock DFE: Pooled Separate Account $0
Us Government Securities John Hancock DFE: Pooled Separate Account $0
Washington Mutual Investors John Hancock DFE: Pooled Separate Account $0
Fidelity Adv New Insights John Hancock DFE: Pooled Separate Account $0
Fidelity Contrafund John Hancock DFE: Pooled Separate Account $0
Fundamental Investors John Hancock DFE: Pooled Separate Account $0
Vanguard Growth Index Fund John Hancock DFE: Pooled Separate Account $0
Total Stock Market Index Fund John Hancock DFE: Pooled Separate Account $0
Pru Jennison Mid Growth Fund John Hancock DFE: Pooled Separate Account $0
Utilities Fund John Hancock DFE: Pooled Separate Account $0
Vanguard Value Index Fund John Hancock DFE: Pooled Separate Account $0
500 Index Fund John Hancock DFE: Pooled Separate Account $0
Jpmorgan Midcap Value Fund John Hancock DFE: Pooled Separate Account $0
John Hancock Stable Val John Hancock DFE: Pooled Separate Account $0
Blackrock Global Allocation John Hancock DFE: Pooled Separate Account $0
Fundamental Large Cap Value John Hancock DFE: Pooled Separate Account $0
Fidelity Advisor Total Bond John Hancock DFE: Pooled Separate Account $0
Global Bond Fund John Hancock DFE: Pooled Separate Account $0
Active Bond Fund John Hancock DFE: Pooled Separate Account $0
Pimco Real Return John Hancock DFE: Pooled Separate Account $0
U.S. Growth Fund John Hancock DFE: Pooled Separate Account $0
John Hancock Intl Growth John Hancock DFE: Pooled Separate Account $0
Vanguard Mid-Cap Growth Etf John Hancock DFE: Pooled Separate Account $0
American Balanced Fund John Hancock DFE: Pooled Separate Account $0
T. Rowe Price Cap Appreciation John Hancock DFE: Pooled Separate Account $0
Jh Ret Income Managed Port John Hancock DFE: Pooled Separate Account $0
Jh Thru 2055 Active Strategy John Hancock DFE: Pooled Separate Account $0
Invesco Small Cap Growth John Hancock DFE: Pooled Separate Account $0
Fidelity Adv Leveraged Co Stk John Hancock DFE: Pooled Separate Account $0
Science & Technology Fund John Hancock DFE: Pooled Separate Account $0
Jh Ret To 2060 Managed Port John Hancock DFE: Pooled Separate Account $0
Ivy Asset Strategy Fund John Hancock DFE: Pooled Separate Account $0
Ft Founding Funds Allocation John Hancock DFE: Pooled Separate Account $0
Franklin Mutual Beacon Fund John Hancock DFE: Pooled Separate Account $0
Invesco Small Cap Growth John Hancock DFE: Pooled Separate Account $0
Jh Thru 2050 Active Strategy John Hancock DFE: Pooled Separate Account $0
Jh Ls Agg Active Strategy John Hancock DFE: Pooled Separate Account $0
Jh Ls Grow Active Strategy John Hancock DFE: Pooled Separate Account $0
Jh Ls Bal Active Strategy John Hancock DFE: Pooled Separate Account $0
Jh Ls Mod Active Strategy John Hancock DFE: Pooled Separate Account $0
Jh Ls Con Active Strategy John Hancock DFE: Pooled Separate Account $0
Tocqueville Gold Fund John Hancock DFE: Pooled Separate Account $0
Natural Resources Fund John Hancock DFE: Pooled Separate Account $0
Royce Opportunity John Hancock DFE: Pooled Separate Account $0
Jh Ret To 2020 Managed Port John Hancock DFE: Pooled Separate Account $0
Jh Ret To 2025 Managed Port John Hancock DFE: Pooled Separate Account $0
Jh Ret To 2030 Managed Port John Hancock DFE: Pooled Separate Account $0
Jh Thru 2045 Active Strategy John Hancock DFE: Pooled Separate Account $0
Jh Thru 2040 Active Strategy John Hancock DFE: Pooled Separate Account $0
Jh Thru 2035 Active Strategy John Hancock DFE: Pooled Separate Account $0
Jh Thru 2030 Active Strategy John Hancock DFE: Pooled Separate Account $0
Jh Ret To 2050 Managed Port John Hancock DFE: Pooled Separate Account $0
Jh Ret To 2045 Managed Port John Hancock DFE: Pooled Separate Account $0
Jh Ret To 2040 Managed Port John Hancock DFE: Pooled Separate Account $0
Jh Ret To 2035 Managed Port John Hancock DFE: Pooled Separate Account $0
Vanguard Energy Fund John Hancock DFE: Pooled Separate Account $0
Dfa Us Targeted Value Fund John Hancock DFE: Pooled Separate Account $0
Lord Abbett Value Opps Fund John Hancock DFE: Pooled Separate Account $0
Fundamental All Cap Core Fund John Hancock DFE: Pooled Separate Account $0
Mid Cap Index Fund John Hancock DFE: Pooled Separate Account $0
Dodge & Cox Stock Fund John Hancock DFE: Pooled Separate Account $0
Value Fund John Hancock DFE: Pooled Separate Account $0
John Hancock Disciplined Value John Hancock DFE: Pooled Separate Account $0
Blue Chip Growth Fund John Hancock DFE: Pooled Separate Account $0
New Perspective Fund John Hancock DFE: Pooled Separate Account $0
Vanguard Small Cap Value Index John Hancock DFE: Pooled Separate Account $0
T. Rowe Price Health Sci John Hancock DFE: Pooled Separate Account $0
Real Est. Securities Fund John Hancock DFE: Pooled Separate Account $0
Keeley Small Cap Value John Hancock0 DFE: Pooled Separate Account $0
New World Fund John Hancock DFE: Pooled Separate Account $0
T. Rowe Price Sci & Tech John Hancock DFE: Pooled Separate Account $0
Aston/Fairponte Mid Cap Fund John Hancock DFE: Pooled Separate Account $0
Vanguard Small Cap Grow Index John Hancock DFE: Pooled Separate Account $0
Oppenheimer Developing Mkt John Hancock DFE: Pooled Separate Account $0
Small Company Value Fund John Hancock DFE: Pooled Separate Account $0
American Century Heritage John Hancock DFE: Pooled Separate Account $0
Massachusetts Investors Fund John Hancock DFE: Pooled Separate Account $0
Total $0

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock 0
EIN 01-0233346
Industry Code 65838
Contract Number 104863
Contract Year 01/01/2017 — 07/17/2017
Value in General Account at Year End $0
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $13,321
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Nylife Securities LLC 6901 Rockledge Drive Bethesda, MD 20817 Insurance Agent or Broker $11,758 $0
Martin Retirement Services,Inc. 12 South Summit Avenue Gaithersburg, MD 20877 Third Party Administrator $0 $1,250 TPA COMPENSATION
Martin Retirement Services,Inc. 12 South Summit Avenue Gaithersburg, MD 20877 Third Party Administrator $0 $300 TPA FEES
T.Rowe Price Associates,Inc Insurance Agent or Broker $0 $13 REDEMPTION FEES
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