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FORM 5500 DATA

Ab Staffing Solutions, Llc 401k Plan

Overview

Plan Information

  • Plan Year01/01/2017 — 12/31/2017
  • Date of Plan01/01/2012
  • Net Assets as of 12/31/2017 $2,292,805
  • 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
  • Report Description This is an amended report.
  • Plan Funding ArrangementInsurance Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2017

  • Active (Eligible) Participants276
  • Retired or separated participants receiving benefits12
  • Other retired or separated participants entitled to future benefits397
  • Subtotal685
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total685
  • Total number of participants as of 01/01/2017679
  • Number of participants with account balances485
  • 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

  • Address3451 S. Mercy Road #102
  • CityGilbert
  • StateAZ
  • Zip85297
  • Telephone(480) 345-6668
  • EIN48-1264065
  • Industry Code561300

Audit Information

  • Audit StatusAudited
  • AuditorBaldwin & Baldwin PLLC
  • Auditor EIN46-4370753
  • 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.
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.
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? Yes $174,373
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 $891,665
Contributions $668,926
Cash Contributions $668,926
Cash from Employers $235,619
Cash from Participants $413,196
Others (including rollovers) $20,111
Noncash Contributions $0
Total Earnings on Investments $218,337
Total Interest $499
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $499
Interest from Other Investments $0
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 $217,838
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 $4,402
Expenses $154,200
Total Benefit Payments $83,484
Directly to participants or beneficiaries, including direct rollovers $83,484
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $69,069
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $1,647
Professional Fees $0
Contract Administrator Fees $447
Investment Advisory and management fees $0
Other Administrative Fees $1,200
Net Income $737,465
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 $2,292,805 $1,555,340 47.42%
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 $19,103 $7,030 171.74%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $2,273,702 $1,548,310 46.85%
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 $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 $2,292,805 $1,555,340 47.42%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • John Hancock Life Ins Company

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
John Hancock Life Ins Company Recordkeeping and information management (computing, tabulating, data processing, etc.), Investment management, Shareholder servicing fees, Sub-transfer agency fees, Float revenue, Distribution (12b-1) fees, Soft dollars commissions Recordkeeping $447 $0 $447
Total $447 $0 $447

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
John Hancock Life Ins Company Wells Fargo Advisors LLC Investment advisory (participants) Investment Advisory (Participant) Registered Investment Advisor $2,225
*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
Jh Multi-Index Income Preserv John Hancock Life Ins Company DFE: Pooled Separate Account $402,390
Jh Multi-Index 2030 Preserv John Hancock Life Ins Company DFE: Pooled Separate Account $343,771
Jh Multi-Index 2025 Preserv John Hancock Life Ins Company DFE: Pooled Separate Account $185,943
Jh Multi-Index 2050 Preserv John Hancock Life Ins Company DFE: Pooled Separate Account $141,156
Jh Multi-Index 2020 Preserv John Hancock Life Ins Company DFE: Pooled Separate Account $138,128
Jh Multi-Index 2045 Preserv John Hancock Life Ins Company DFE: Pooled Separate Account $133,369
Jh Multi-Index Ls Aggressive John Hancock Life Ins Company DFE: Pooled Separate Account $88,235
Jh Multi-Index Ls Moderate John Hancock Life Ins Company DFE: Pooled Separate Account $81,128
Vanguard Growth Index Fund John Hancock Life Ins Company DFE: Pooled Separate Account $77,130
Wisdomtree Mc Earnings Etf John Hancock Life Ins Company DFE: Pooled Separate Account $66,333
500 Index Fund John Hancock Life Ins Company DFE: Pooled Separate Account $65,504
Massachusetts Investors Fund John Hancock Life Ins Company DFE: Pooled Separate Account $63,013
Vanguard Mid-Cap Growth Etf John Hancock Life Ins Company DFE: Pooled Separate Account $59,469
Jh Multi-Index 2055 Preserv John Hancock Life Ins Company DFE: Pooled Separate Account $53,066
Jh Multi-Index 2035 Preserv John Hancock Life Ins Company DFE: Pooled Separate Account $53,006
Jh Multi-Index 2040 Preserv John Hancock Life Ins Company DFE: Pooled Separate Account $49,267
Jh Multi-Index Ls Growth John Hancock Life Ins Company DFE: Pooled Separate Account $42,465
Vanguard Small Cap Grow Index John Hancock Life Ins Company DFE: Pooled Separate Account $39,370
Jh Multi-Index 2060 Preserv John Hancock Life Ins Company DFE: Pooled Separate Account $23,526
Blackrock Basic Value John Hancock Life Ins Company DFE: Pooled Separate Account $23,048
Europacific Growth Fund John Hancock Life Ins Company DFE: Pooled Separate Account $18,153
Vanguard Value Index Fund John Hancock Life Ins Company DFE: Pooled Separate Account $16,184
Dfa U.S. Small Cap Fund John Hancock Life Ins Company DFE: Pooled Separate Account $13,211
Jh Multi-Index Ls Balanced John Hancock Life Ins Company DFE: Pooled Separate Account $11,869
John Hancock Stable Val John Hancock Life Insurance Company DFE: Pooled Separate Account $11,098
Dfa International Value John Hancock Life Ins Company DFE: Pooled Separate Account $10,739
Dfa Us Targeted Value Fund John Hancock Life Ins Company DFE: Pooled Separate Account $10,444
Northern Em Equity Index Fund John Hancock Life Ins Company DFE: Pooled Separate Account $9,876
Ivy Asset Strategy Fund John Hancock Life Ins Company DFE: Pooled Separate Account $9,641
Vanguard Mid-Cap Value Etf John Hancock Life Ins Company DFE: Pooled Separate Account $6,943
Vanguard Small Cap Value Index John Hancock Life Ins Company DFE: Pooled Separate Account $6,005
Vanguard Tot Wld Stk Index Etf John Hancock Life Ins Company DFE: Pooled Separate Account $4,524
Dfa Inflation-Protected Sec John Hancock Life Ins Company DFE: Pooled Separate Account $4,054
Dodge & Cox International St John Hancock Life Ins Company DFE: Pooled Separate Account $2,753
Jh Multi-Index Ls Conserv John Hancock Life Ins Company DFE: Pooled Separate Account $2,113
Us Government Securities John Hancock Life Insurance Company DFE: Pooled Separate Account $1,999
Mfs Emerging Markets Debt John Hancock Life Ins Company DFE: Pooled Separate Account $1,902
Strategic Income Opp Fund John Hancock Life Ins Company DFE: Pooled Separate Account $1,872
Invesco International Growth John Hancock Life Ins Company DFE: Pooled Separate Account $975
Total $2,273,672

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock Life Insurance Company 512
EIN 01-0233346
Industry Code 65838
Contract Number 116343
Contract Year 01/01/2017 — 12/31/2017
Value in General Account at Year End $0
Value in Separate Accounts at Year End $2,273,672
Insurance Fees and Commissions $8,774
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Merrill Lynch Life Agency 23350 N Pima Road PIMA, AZ 85255 Insurance Agent or Broker $6,642 $0
Matthews Gold Kennedy & Snow, Inc 6530 N 16th Street Phoenix, AZ 85016 Third Party Administrator $0 $2,132 TPA FEES & COMPENSATION
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
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