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Marceco/Universal Wireless 401k Plan


Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan01/01/2013
  • Net Assets as of 12/31/2019 $2,117,789
  • 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 12/31/2019

  • Active (Eligible) Participants500
  • Retired or separated participants receiving benefits1
  • Other retired or separated participants entitled to future benefits40
  • Subtotal541
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total541
  • Total number of participants as of 01/01/2019545
  • Number of participants with account balances147
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested275


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

Sponsor Information

  • Address3939 N Greenbrooke SE
  • CityGrand Rapids
  • StateMI
  • Zip49512
  • Telephone(616) 458-3888
  • EIN38-3488505
  • Industry Code517000
  • Named AdministratorMichele Young

Audit Information

  • Audit StatusAudited
  • AuditorHelmholdt+Company LLP CPAS
  • Auditor EIN38-2627062
  • 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.
3B Self-Employed Plan Plan covering Self-Employed individuals.
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 $200,000
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


Income and Expense Statement

Income $1,036,258
Contributions $700,448
Cash Contributions $700,448
Cash from Employers $175,491
Cash from Participants $520,780
Others (including rollovers) $4,177
Noncash Contributions $0
Total Earnings on Investments $331,429
Total Interest $2,202
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $1,220
Interest from Other Investments $982
Total Dividends $41,001
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 $151,814
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 $136,412
Other Income $4,381
Expenses $306,006
Total Benefit Payments $200,935
Directly to participants or beneficiaries, including direct rollovers $200,935
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $94,124
Certain deemed distributions of participant loans $1,143
Interest expense $0
Total Administrative Expenses $9,804
Professional Fees $0
Contract Administrator Fees $9,804
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $730,252
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2019 12/31/2018 Change YOY
Total Assets $2,211,913 $1,438,893 53.72%
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 $48,991 $28,160 73.97%
Value of interest in common/collective trusts $1,033,747 $735,793 40.49%
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 $1,025,091 $602,988 70.00%
Value of funds held in insurance co. general account $104,084 $71,952 44.66%
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 $94,124 $51,356 83.28%
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) $94,124 $51,356 83.28%
Net Assets $2,117,789 $1,387,537 52.63%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

There is no information on eligible indirect compensation for this plan.

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
Great-West Life & Annuity Insurance Recordkeeping fees Recordkeeper $6,726 $0 $6,726
Advised Assets Group Investment management Investment Mgmt $3,078 $0 $3,078
Total $9,804 $0 $9,804

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.



Name of Investment Investment Manager Type of Investment Dollar Value
Putnam Retirement Advantage 2050 V Putnam Investments DFE: Common/Collective Trust $229,543
Putnam Retirement Advantage 2035 V Putnam Investments DFE: Common/Collective Trust $201,984
Putnam Retirement Advantage 2045 V Putnam Investments DFE: Common/Collective Trust $142,789
Putnam Retirement Advantage 2025 V Putnam Investments DFE: Common/Collective Trust $133,042
Putnam Retirement Advantage 2030 V Putnam Investments DFE: Common/Collective Trust $118,694
Putnam Retirement Advantage 2055 V Putnam Investments DFE: Common/Collective Trust $72,422
Putnam Retirement Advantage 2040 V Putnam Investments DFE: Common/Collective Trust $42,396
Putnam Retirement Advantage Trst Ma Putnam Investments DFE: Common/Collective Trust $36,862
Putnam Retirement Advantage 2020 V Putnam Investments DFE: Common/Collective Trust $36,708
Putnam Retirement Advantage 2060 V Putnam Investments DFE: Common/Collective Trust $19,307
Total $1,033,747

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Great-West Life & Annuity Insurance Company 55
EIN 84-0467907
Industry Code 68322
Contract Number 502098-01
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $104,084
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $0
Persons Receiving Commissions and Fees There are no brokers listed for this plan.
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
Balance at the end of the previous year $71,952
Additions $41,622
Contributions Deposited during the year $29,299
Dividends and credits $0
Interest credited during the year $982
Transferred from separate account $9,985
Other $1,356
Total of Balance and Additions $113,574
Deductions $9,490
Disbursed from fund to pay benefits or purchase annuities during the year $8,949
Administration charge made by carrier $-4,193
Transferred to Separate Account $4,734
Other $0
Balance at the end of the current year $104,084