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FORM 5500 DATA

Allied Universal Corporation 401k Retirement Plan

Overview

Plan Information

  • Plan Year01/01/2018 — 12/31/2018
  • Date of Plan01/01/1993
  • Net Assets as of 12/31/2018 $12,761,905
  • Plan Number2
  • 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 12/31/2018

  • Active (Eligible) Participants294
  • Retired or separated participants receiving benefits1
  • Other retired or separated participants entitled to future benefits19
  • Subtotal314
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total314
  • Total number of participants as of 01/01/2018315
  • Number of participants with account balances215
  • 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

  • Address3901 NW 115th Avenue
  • CityMiami
  • StateFL
  • Zip33178
  • Telephone(305) 888-2623
  • EIN59-0776285
  • Industry Code325100
  • Named AdministratorMichael Koven
  • Named Plan SponsorRobert Namoff

Audit Information

  • Audit StatusAudited
  • AuditorDaszkal Bolton LLP
  • Auditor EIN65-0406502
  • 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 $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 $1,046,052
Contributions $1,444,055
Cash Contributions $1,444,055
Cash from Employers $572,000
Cash from Participants $783,530
Others (including rollovers) $88,525
Noncash Contributions $0
Total Earnings on Investments $-398,003
Total Interest $199,521
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $40,817
Interest from Other Investments $158,704
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 $-597,524
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 $0
Expenses $720,712
Total Benefit Payments $681,322
Directly to participants or beneficiaries, including direct rollovers $681,322
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $224
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $39,166
Professional Fees $10,000
Contract Administrator Fees $10,594
Investment Advisory and management fees $18,371
Other Administrative Fees $201
Net Income $325,340
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2018 12/31/2017 Change YOY
Total Assets $12,761,905 $12,436,565 2.62%
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 $641,486 $707,358 -9.31%
Value of interest in common/collective trusts $0 $0 0.0%
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 $6,784,898 $7,098,212 -4.41%
Value of funds held in insurance co. general account $5,335,521 $4,630,995 15.21%
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 $12,761,905 $12,436,565 2.62%

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
Independent Financial Partners Investment advisory (plan) Investment Advisor $0 $33,334 $33,334
Massachusetts Mutual Life Ins. Co. Other services, Investment management fees paid indirectly by plan, Sub-transfer agency fees, Distribution (12b-1) fees, Recordkeeping fees, Soft dollars commissions, Other investment fees and expenses Contract Administrator $29,166 $0 $29,166
Daszkal Bolton LLP Accounting (including auditing) Auditors $10,000 $0 $10,000
Alger Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
American Beacon Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Invesco Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Jp Morgan Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Mfs Investment Management Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Mfs Investment Management Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Northern Funds Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Wells Fargo Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Total $39,166 $33,334 $72,500

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Independent Financial Partners Massachusetts Mutual Life Ins. Co. Investment advisory (plan) Plan Related Expenses $33,334
Massachusetts Mutual Life Ins. Co. Sel Blackrock Global Allocation II Other investment fees and expenses, Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Int'L New Discovery Mfs Distribution (12b-1) fees, Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Blended Research Core Equity Mfs Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Mm S&P 500 Index Northern Trust Other investment fees and expenses, Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Select Wellington Ofi Small Cap Gr Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Select Wellingtonofi Small Cap Gr Other investment fees and expenses Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Select Mid Cap Gr Trp Frontier Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Select Mid Cap Gr Trpfrontier Other investment fees and expenses Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Premier Disciplined Grth Barings Other investment fees and expenses, Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Capital Appreciation Alger Distribution (12b-1) fees, Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Mid Cap Value Jp Morgan Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Select Strategic Bond Western Other investment fees and expenses, Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Intl Equity Index II Northern Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Millennium Trust Company, LLC Other services Referral Fee $0
Massachusetts Mutual Life Ins. Co. Special Mid Cap Val Wells Fargo Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Premier Global Ofi Other investment fees and expenses, Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Small Cap Val American Beacon Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Mm Sel T. Rowe Price Ret 2015 Distribution (12b-1) fees, Other investment fees and expenses, Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Mm Sel T. Rowe Price Ret 2020 Distribution (12b-1) fees, Other investment fees and expenses, Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Mm Sel T. Rowe Price Ret 2025 Distribution (12b-1) fees, Other investment fees and expenses, Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Mm Sel T. Rowe Price Ret 2030 Distribution (12b-1) fees, Other investment fees and expenses, Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Mm Sel T. Rowe Price Ret 2035 Distribution (12b-1) fees, Other investment fees and expenses, Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Mm Sel T. Rowe Price Ret 2040 Distribution (12b-1) fees, Other investment fees and expenses, Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Mm Sel T. Rowe Price Ret 2045 Distribution (12b-1) fees, Other investment fees and expenses, Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Mm Sel T. Rowe Price Ret 2050 Distribution (12b-1) fees, Other investment fees and expenses, Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Mm Sel T. Rowe Price Ret 2055 Distribution (12b-1) fees, Other investment fees and expenses, Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Mm Sel T. Rowe Price Ret 2060 Distribution (12b-1) fees, Other investment fees and expenses, Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Mm Sel T. Rowe Price Ret Bal Distribution (12b-1) fees, Other investment fees and expenses, Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Comstock Invesco Distribution (12b-1) fees, Sub-transfer agency fees Basis Points * Plan Assets $0
Alger Capital Appreciation Alger Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
American Beacon Small Cap Val American Beacon Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Invesco Comstock Invesco Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Jp Morgan Mid Cap Value Jp Morgan Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Mfs Investment Management Int'L New Discovery Mfs Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Mfs Investment Management Blended Research Core Equity Mfs Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Northern Funds Intl Equity Index II Northern Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Wells Fargo Special Mid Cap Val Wells Fargo Investment management fees paid indirectly by plan Basis Points * Plan Assets $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
Sia-Uu Blended Research Core Equity Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $1,062,213
Sia-W9 Select Mid Cap Gr Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $715,065
Sia-Hd Comstock Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $681,666
Sia-Nu Premier Disciplined Grth Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $576,304
Sia-Te Select Strategic Bond Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $561,044
Sia-Wr Int'L New Discovery Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $345,737
Sia-B1 Sel Blackrock Global Allocat Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $304,884
Sia-Uj Mid Cap Value Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $277,378
Sia-X Mm S&P 500 Index Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $272,182
Sia-Go Mm Sel T. Rowe Price Ret 204 Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $259,825
Sia-Nd Premier Global Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $241,097
Sia-Sc Select Wellington/Ofi Small Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $238,119
Sia-Kg Intl Equity Index II Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $231,170
Sia-Eo Mm Sel T. Rowe Price Ret 202 Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $211,943
Sia-Jyg Small Cap Val Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $185,808
Sia-Vr Special Mid Cap Val Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $179,338
Sia-Fo Mm Sel T. Rowe Price Ret 203 Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $178,207
Sia-Ml Capital Appreciation Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $168,543
Sia-Qt Mm Sel T. Rowe Price Ret 204 Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $46,062
Sia-Do Mm Sel T. Rowe Price Ret 201 Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $28,969
Sia-Ho Mm Sel T. Rowe Price Ret 205 Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $12,797
Sia-Bt Mm Sel T. Rowe Price Ret Bal Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $2,960
Sia-Pt Mm Sel T. Rowe Price Ret 203 Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $1,915
Sia-Ot Mm Sel T. Rowe Price Ret 205 Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $1,674
Total $6,784,900

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Massachusetts Mutual Life Insurance Company 314
EIN 04-1590850
Industry Code 65935
Contract Number FL 2555
Contract Year 01/01/2018 — 12/31/2018
Value in General Account at Year End $0
Value in Separate Accounts at Year End $6,784,893
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
Type of Contract GROUP ANNUITY CONTRACT
Balance at the end of the previous year $4,630,994
Additions $2,120,718
Contributions Deposited during the year $1,355,530
Dividends and credits $0
Interest credited during the year $158,704
Transferred from separate account $275,322
Other $331,162
Total of Balance and Additions $6,751,712
Deductions $1,416,191
Disbursed from fund to pay benefits or purchase annuities during the year $310,471
Administration charge made by carrier $22,700
Transferred to Separate Account $1,040,064
Other $42,956
Balance at the end of the current year $5,335,521