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Overview

Plan Information

  • Plan Year01/01/2012 — 12/31/2012
  • Date of Plan01/01/1996
  • Net Assets as of 12/31/2012 $2,253,201
  • 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 Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2012

  • Active (Eligible) Participants269
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits23
  • Subtotal292
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total292
  • Total number of participants as of 01/01/2012346
  • Number of participants with account balances84
  • 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

  • Address2 Ethel Road Suite 205A
  • CityEdison
  • StateNJ
  • Zip08818
  • Telephone(732) 567-2030
  • EIN27-1228336
  • Industry Code722210
  • Named AdministratorBruce Garza

Plan Administrator Information

  • Administrator NameQqr, LLC
  • Address2 Ethel Road Suite 205A
  • CityEdison
  • StateNJ
  • Zip08818
  • Telephone(732) 567-2030
  • Administrator EIN27-1228336

Audit Information

  • Audit StatusAudited
  • AuditorCohnresnick
  • Auditor EIN22-1478099
  • 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.
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 $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 $295,100
Contributions $146,426
Cash Contributions $146,426
Cash from Employers $0
Cash from Participants $146,426
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $145,757
Total Interest $1,545
Interest-Bearing Cash $27
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $1,518
Interest from Other Investments $0
Total Dividends $35,068
Preferred Stock $0
Common Stock $0
Rents $0
Net gain (loss) on sale of assets $131,164
Aggregate Proceeds $2,426,374
Aggregate Carrying Amount $2,295,210
Total Unrealized Appreciation (depreciation) of assets $0
Real Estate $0
Other $0
Net investment gain (loss) from common/collective trusts $1,831
Net investment gain (loss) from pooled separate accounts $0
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 $-23,851
Other Income $2,917
Expenses $95,025
Total Benefit Payments $75,415
Directly to participants or beneficiaries, including direct rollovers $75,415
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 $19,610
Professional Fees $0
Contract Administrator Fees $15,696
Investment Advisory and management fees $0
Other Administrative Fees $3,914
Net Income $200,075
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2012 12/31/2011 Change YOY
Total Assets $2,253,201 $2,053,126 9.74%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $5,008 $7,984 -37.27%
Employer Contributions $0 $0 0.0%
Participant Contributions $5,008 $7,984 -37.27%
Other Contributions $0 $0 0.0%
General Investments $37,862 $3,683 928.02%
Interest-bearing cash $37,862 $3,683 928.02%
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 $158,191 $152,464 3.76%
Value of interest in common/collective trusts $582,234 $602,740 -3.40%
Value of interest in pooled separate accounts $0 $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 $1,469,906 $1,286,255 14.28%
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 $2,253,201 $2,053,126 9.74%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Fid.Inv.Inst.Ops.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
National Financial Services LLC Finders' fees/placement fees Paying Agent $0 $2,980 $2,980
Morgan Stanley Smith Barney Finders' fees/placement fees, Other services, Other fees Advisor $0 $2,571 $2,571
Fidelity Investments Institutional Recordkeeping fees, Participant loan processing, Account maintenance fees, Sub-transfer agency fees Recordkeeper $187 $0 $187
Total $187 $5,551 $5,738

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Fidelity Investments Institutional Blkrk Equity Div R - Bny Mellon Inv Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Blkrk Global Alloc R - Bny Mellon I Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Calamos Grth & Inc R - Us Bancorp F Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Ev Atl Cap Smid-Cp R - Bny Mellon I Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Fkln Rising Divs R - Franklin Templ Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Jpm Core Bond R2 - Boston Financial Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Jpm Lg Cap Grth R2 - Boston Financi Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Ld Abt Sh Dtn Inc R3 - Dst Systems, Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Mutual Gbl Discvry R - Franklin Tem Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Nuveen Equity Idx R3 - Boston Finan Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Nuveen Mdcp Index R3 - Boston Finan Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Opphmr Dev Mkts N - Ofi Global Asse Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Perkins Mid Cp Val R - Janus Servic Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Pru/J Small Co R - Prudential Mutua Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Putnam Us Govt Inc R - Putnam Inves Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Thornburg Intlval R3 - Boston Finan Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Tmpl Global Bond R - Franklin Templ Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Victory Sm Co Opp R - Citi Fund Ser Sub-transfer agency fees 0.25% $0
National Financial Services LLC Fa Freedom 2015 T - Fidelity Distri Finders' fees/placement fees --- $169
National Financial Services LLC Fa Freedom 2020 T - Fidelity Distri Finders' fees/placement fees --- $901
National Financial Services LLC Fa Freedom 2025 T - Fidelity Distri Finders' fees/placement fees --- $872
National Financial Services LLC Fa Freedom 2030 T - Fidelity Distri Finders' fees/placement fees --- $306
National Financial Services LLC Fa Freedom 2035 T - Fidelity Distri Finders' fees/placement fees --- $306
National Financial Services LLC Fa Freedom 2040 T - Fidelity Distri Finders' fees/placement fees --- $58
National Financial Services LLC Fa Freedom 2045 T - Fidelity Distri Finders' fees/placement fees --- $10
National Financial Services LLC Fa Freedom 2055 T - Fidelity Distri Finders' fees/placement fees --- $5
National Financial Services LLC Fa New Insights T - Fidelity Distri Finders' fees/placement fees --- $62
National Financial Services LLC Fa Real Estate Inc T - Fidelity Dis Finders' fees/placement fees --- $45
National Financial Services LLC Fa Strat Income T - Fidelity Distri Finders' fees/placement fees --- $62
National Financial Services LLC Putnam Us Govt Inc R - Putnam Retai Finders' fees/placement fees --- $184
Morgan Stanley Smith Barney National Financial Services LLC Finders' fees/placement fees --- $2,205
*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
Stable Value Fund M Wells Fargo Bank, N.A. DFE: Common/Collective Trust $582,234
Stable Value Investments Fund First State Trust Company DFE: Common/Collective Trust $0
Total $582,234

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.