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FORM 5500 DATA

A. Duda & Sons, Inc. Retirement and Savings Plan

Overview

Plan Information

  • Plan Year01/01/2017 — 12/31/2017
  • Date of Plan01/01/1989
  • Net Assets as of 12/31/2017 $97,341,768
  • Plan Number3
  • 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 12/31/2017

  • Active (Eligible) Participants914
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits231
  • Subtotal1,145
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits5
  • Total1,150
  • Total number of participants as of 01/01/20171,063
  • Number of participants with account balances1,102
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested21

Expenses

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

Sponsor Information

  • AddressP. O. Box 620257
  • CityOviedo
  • StateFL
  • Zip32762-0257
  • Telephone(407) 365-2111
  • EIN59-0700499
  • Industry Code111210
  • Named AdministratorMark E. Engwall
  • Named Plan SponsorMark E. Engwall

Plan Administrator Information

  • Administrator NameThe Retirement and Savings Plan Committee of A. Duda & Sons, Inc.
  • Address1200 Duda Trail
  • CityOviedo
  • StateFL
  • Zip32765
  • Telephone(407) 365-2111
  • Administrator EIN59-0700499

Audit Information

  • Audit StatusAudited
  • AuditorVestal & Wiler CPA's
  • Auditor EIN59-3198021
  • 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.
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 $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 $21,645,701
Contributions $6,842,371
Cash Contributions $6,842,371
Cash from Employers $3,174,623
Cash from Participants $3,421,851
Others (including rollovers) $245,897
Noncash Contributions $0
Total Earnings on Investments $14,803,330
Total Interest $40,490
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $40,490
Interest from Other Investments $0
Total Dividends $4,510,750
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 $23,260
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 $10,228,830
Other Income $0
Expenses $4,757,066
Total Benefit Payments $4,679,832
Directly to participants or beneficiaries, including direct rollovers $4,679,832
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 $77,234
Professional Fees $51,739
Contract Administrator Fees $0
Investment Advisory and management fees $12,000
Other Administrative Fees $13,495
Net Income $16,888,635
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 $97,341,768 $80,453,133 20.99%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $0 $492,761 -100.00%
Employer Contributions $0 $492,761 -100.00%
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 $1,088,753 $1,290,702 -15.65%
Value of interest in common/collective trusts $1,387,275 $1,314,078 5.57%
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 $94,865,740 $77,355,592 22.64%
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 $97,341,768 $80,453,133 20.99%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Vanguard Marketing Corp
  • Dodge and Cox
  • Pimco Funds Dist Inst

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
Cbiz Financial Solutions Consulting (general), Direct payment from the plan NONE $35,000 $0 $35,000
T Rowe Price Rps Inc Recordkeeping and information management (computing, tabulating, data processing, etc.), Trustee (bank, trust company, or similar financial institution), Trustee (directed), Investment management, Participant communication, Other services, Direct payment from the plan, Investment management fees paid indirectly by plan, Shareholder servicing fees, Float revenue, Recordkeeping fees, Account maintenance fees NONE $13,495 $0 $13,495
Ramsey Financial Wellness Investment advisory (participants), Direct payment from the plan NONE $12,000 $0 $12,000
Vestal & Wiler Accounting (including auditing), Direct payment from the plan NONE $10,150 $0 $10,150
Dean Mead Egerton Bloodworth Legal, Direct payment from the plan NONE $6,589 $0 $6,589
Total $77,234 $0 $77,234

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
T Rowe Price Rps Inc Dodge and Cox Intl Stock Fund Recordkeeping and information management (computing, tabulating, data processing, etc.), Trustee (bank, trust company, or similar financial institution), Trustee (directed), Investment management, Participant communication, Other services, Direct payment from the plan, Investment management fees paid indirectly by plan, Shareholder servicing fees, Float revenue, Recordkeeping fees, Account maintenance fees Fee for Shareholder Servicing Based Upon 0.1% $0
T Rowe Price Rps Inc T. Rowe Price Stable Value Sch E Recordkeeping and information management (computing, tabulating, data processing, etc.), Trustee (bank, trust company, or similar financial institution), Trustee (directed), Investment management, Participant communication, Other services, Direct payment from the plan, Investment management fees paid indirectly by plan, Shareholder servicing fees, Float revenue, Recordkeeping fees, Account maintenance fees Fee for Shareholder Servicing Based Upon 0.25% $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
Trp Stable Value Common Trust Fund T.Rowe Price Trust Company DFE: Common/Collective Trust $1,387,275
Total $1,387,275

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.