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Overview

Plan Information

  • Plan Year01/01/2017 — 12/31/2017
  • Date of Plan01/01/2012
  • Net Assets as of 12/31/2017 $21,600,361
  • 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) Participants624
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits170
  • Subtotal794
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total794
  • Total number of participants as of 01/01/2017798
  • Number of participants with account balances711
  • 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

  • Address101 Crawfords Corner Road Suite 3 100
  • CityHolmdel
  • StateNJ
  • Zip07733
  • Telephone(732) 847-8178
  • EIN22-3719840
  • Industry Code541600
  • Named AdministratorSeth Boyarsky

Audit Information

  • Audit StatusAudited
  • AuditorEisneramper LLP
  • Auditor EIN13-1639826
  • 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? 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 $7,659,175
Contributions $4,811,040
Cash Contributions $4,811,040
Cash from Employers $808,989
Cash from Participants $3,429,947
Others (including rollovers) $572,104
Noncash Contributions $0
Total Earnings on Investments $2,824,584
Total Interest $8,013
Interest-Bearing Cash $690
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $7,323
Interest from Other Investments $0
Total Dividends $175,856
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 $301
Net investment gain (loss) from pooled separate accounts $2,744,605
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 $-104,191
Other Income $23,551
Expenses $1,893,514
Total Benefit Payments $1,862,591
Directly to participants or beneficiaries, including direct rollovers $1,862,591
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 $30,923
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $30,923
Net Income $5,765,661
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 $21,600,361 $15,834,700 36.41%
Total noninterest-bearing cash $0 $29,296 -100.00%
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 $848,014 $0 0.0%
Interest-bearing cash $848,014 $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 $236,647 $172,558 37.14%
Value of interest in common/collective trusts $387,653 $0 0.0%
Value of interest in pooled separate accounts $0 $15,632,846 -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 $20,128,047 $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 $21,600,361 $15,834,700 36.41%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Fidelity Investments Institutional

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
Fidelity Investments Institutional Sub-transfer agency fees Recordkeeper $0 $0 $0
Total $0 $0 $0

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Fidelity Investments Institutional Baird Core Plus Inst - Us Bancorp Sub-transfer agency fees 0.02% $0
Fidelity Investments Institutional Gs Lg Cp Gr Ins I - Goldman, Sachs Sub-transfer agency fees 0.10% $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
Putnam Stable Value Putnam Fiduciary Trust Company DFE: Common/Collective Trust $387,653
Royce Opportunity John Hancock USA DFE: Pooled Separate Account $0
Real Return Bond Fund John Hancock USA DFE: Pooled Separate Account $0
Real Est. Securities Fund John Hancock USA DFE: Pooled Separate Account $0
Parnassus Core Equity Fund John Hancock USA DFE: Pooled Separate Account $0
Oppenheimer Global John Hancock USA DFE: Pooled Separate Account $0
New Perspective Fund John Hancock USA DFE: Pooled Separate Account $0
Mutual Global Discovery John Hancock USA DFE: Pooled Separate Account $0
Mid Cap Index Fund John Hancock USA DFE: Pooled Separate Account $0
John Hancock Stable Val John Hancock USA DFE: Pooled Separate Account $0
John Hancock Disciplined Value John Hancock USA DFE: Pooled Separate Account $0
Jh Ret To 2060 Managed Port John Hancock USA DFE: Pooled Separate Account $0
Jh Ret To 2055 Managed Port John Hancock USA DFE: Pooled Separate Account $0
Small Cap Index Fund John Hancock USA DFE: Pooled Separate Account $0
Strategic Income Opp Fund John Hancock USA DFE: Pooled Separate Account $0
Vanguard Value Index Fund John Hancock USA DFE: Pooled Separate Account $0
Vanguard Small Cap Value Index John Hancock USA DFE: Pooled Separate Account $0
Vanguard Small Cap Grow Index John Hancock USA DFE: Pooled Separate Account $0
Vanguard Mid-Cap Value Etf John Hancock USA DFE: Pooled Separate Account $0
Vanguard Mid-Cap Growth Etf John Hancock USA DFE: Pooled Separate Account $0
Vanguard Growth Index Fund John Hancock USA DFE: Pooled Separate Account $0
Vanguard Energy Fund John Hancock USA DFE: Pooled Separate Account $0
Total Stock Market Index Fund John Hancock USA DFE: Pooled Separate Account $0
Total Bond Market Fund John Hancock USA DFE: Pooled Separate Account $0
Templeton World John Hancock USA DFE: Pooled Separate Account $0
Templeton Global Bond Fund John Hancock USA DFE: Pooled Separate Account $0
T. Rowe Price Cap Appreciation John Hancock USA DFE: Pooled Separate Account $0
Jh Ret To 2050 Managed Port John Hancock USA DFE: Pooled Separate Account $0
Jh Ret To 2045 Managed Port John Hancock USA DFE: Pooled Separate Account $0
Jh Ret To 2040 Managed Port John Hancock USA DFE: Pooled Separate Account $0
Fundamental All Cap Core Fund John Hancock USA DFE: Pooled Separate Account $0
Franklin Small-Mid Growth John Hancock USA DFE: Pooled Separate Account $0
Financial Industries Fund John Hancock USA DFE: Pooled Separate Account $0
Fidelity Advisor Total Bond John Hancock USA DFE: Pooled Separate Account $0
Dfa U.S. Small Cap Fund John Hancock USA DFE: Pooled Separate Account $0
Dfa International Value John Hancock USA DFE: Pooled Separate Account $0
Clearbridge Aggressive Growth John Hancock USA DFE: Pooled Separate Account $0
Capital World Growth & Income John Hancock USA DFE: Pooled Separate Account $0
Blue Chip Growth Fund John Hancock USA DFE: Pooled Separate Account $0
Aston/Fairpointe Mid Cap Fund John Hancock USA DFE: Pooled Separate Account $0
American Balanced Fund John Hancock USA DFE: Pooled Separate Account $0
Active Bond Fund John Hancock USA DFE: Pooled Separate Account $0
Fundamental Large Cap Value John Hancock USA DFE: Pooled Separate Account $0
High Yield Fund John Hancock USA DFE: Pooled Separate Account $0
Jh Ret To 2035 Managed Port John Hancock USA DFE: Pooled Separate Account $0
Jh Ret To 2030 Managed Port John Hancock USA DFE: Pooled Separate Account $0
Jh Ret To 2025 Managed Port John Hancock USA DFE: Pooled Separate Account $0
Jh Ret To 2020 Managed Port John Hancock USA DFE: Pooled Separate Account $0
Jh Ret Income Managed Port John Hancock USA DFE: Pooled Separate Account $0
Jh Ls Grow Active Strategy John Hancock USA DFE: Pooled Separate Account $0
Jh Ls Bal Active Strategy John Hancock USA DFE: Pooled Separate Account $0
Jh Ls Agg Active Strategy John Hancock USA DFE: Pooled Separate Account $0
Jh Disciplined Value Mid Cap John Hancock USA DFE: Pooled Separate Account $0
Investment Qual Bond Fund John Hancock USA DFE: Pooled Separate Account $0
Intl Equity Index Fund John Hancock USA DFE: Pooled Separate Account $0
Income Fund of America John Hancock USA DFE: Pooled Separate Account $0
500 Index Fund John Hancock USA DFE: Pooled Separate Account $0
Total $387,653

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock Life Insurance Company 0
EIN 01-0233346
Industry Code 65838
Contract Number 112680
Contract Year 01/01/2017 — 12/14/2017
Value in General Account at Year End $0
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $97,156
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Kestra Investment Services LLC $45,265 $0
Southeastern Employee Benefit $0 $30,615
Eisneramper LLP $0 $21,276
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