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FORM 5500 DATA

A.J. Johns, Inc. 401k Profit Sharing Plan and Trust

Overview

Plan Information

  • Plan Year01/01/2006 — 12/31/2006
  • Date of Plan11/01/1979
  • Net Assets as of 12/31/2006 $6,536,129
  • 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 12/31/2006

  • Active (Eligible) Participants230
  • Retired or separated participants receiving benefits6
  • Other retired or separated participants entitled to future benefits79
  • Subtotal315
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total315
  • Total number of participants as of 01/01/2006269
  • Number of participants with account balances309
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested44
  • Number of participants required to be reported on Schedule SSA0

Expenses

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

Sponsor Information

  • Address3225 Anniston Rd
  • CityJacksonville
  • StateFL
  • Zip32246-4605
  • Telephone(904) 641-2055
  • EIN59-1289863
  • Industry Code237990
  • Named AdministratorA. J. Johns
  • Named Plan SponsorA. J. Johns

Plan Administrator Information

  • Administrator NameSAME
  • Administrator EIN

Audit Information

  • Audit StatusAudited
  • AuditorPatrick & Robinson, LLC
  • Auditor EIN03-0464684
  • 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? Yes $7,500
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

Financials

Income and Expense Statement

Income $1,821,235
Contributions $1,252,089
Cash Contributions $1,252,089
Cash from Employers $790,775
Cash from Participants $461,236
Others (including rollovers) $78
Noncash Contributions $0
Total Earnings on Investments $569,146
Total Interest $3,280
Interest-Bearing Cash $3,280
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $0
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 $565,866
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 $830,769
Total Benefit Payments $795,508
Directly to participants or beneficiaries, including direct rollovers $795,508
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 $35,261
Professional Fees $0
Contract Administrator Fees $35,261
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $990,466
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2006 12/31/2005 Change YOY
Total Assets $6,536,129 $5,563,175 17.49%
Total noninterest-bearing cash $41,123 $0 0.0%
Receivables $695,427 $624,240 11.40%
Employer Contributions $695,427 $624,240 11.40%
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 $0 $0 0.0%
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 $5,696,797 $4,853,528 17.37%
Value of funds held in insurance co. general account $102,782 $85,407 20.34%
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 $17,512 -100.00%
Benefit Claims Payable (1) $0 $17,446 -100.00%
Operating Payables (1) $0 $0 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $66 -100.00%
Net Assets $6,536,129 $5,545,663 17.86%

Service Providers

Service Providers

Name Nature of Service Relationship to Plan Sponsor Gross Salary or Allowances Paid by Plan Fees and Commissions Paid by Plan Total Salary/Fees
John Hancock Life Insurance Company Recordkeeping $0 $35,261 $35,261
Total $0 $35,261 $35,261

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Jh Lifestyle Growth John Hancock USA DFE: Pooled Separate Account $1,969,758
Jh Lifestyle Balanced John Hancock USA DFE: Pooled Separate Account $1,332,539
Money Market Fund John Hancock USA DFE: Pooled Separate Account $567,585
Jh T Rowe Price Science&Technology John Hancock USA DFE: Pooled Separate Account $229,403
Jh T Rowe Price Health Sciences John Hancock USA DFE: Pooled Separate Account $198,241
Jh Lifestyle Conservative John Hancock USA DFE: Pooled Separate Account $157,162
Jh Lifestyle Moderate John Hancock USA DFE: Pooled Separate Account $142,604
Jh Davis Financial John Hancock USA DFE: Pooled Separate Account $139,010
Jh Short-Term Federal John Hancock USA DFE: Pooled Separate Account $119,640
Jh Pimco Total Return John Hancock USA DFE: Pooled Separate Account $109,595
Jh Lifestyle Aggressive John Hancock USA DFE: Pooled Separate Account $86,731
Jh Davis New York Venture John Hancock USA DFE: Pooled Separate Account $75,635
Jh Lord Abbett Mid Cap Value John Hancock USA DFE: Pooled Separate Account $54,899
Jh Dws Rreef Real Estate John Hancock USA DFE: Pooled Separate Account $48,231
Jh Templeton Foreign John Hancock USA DFE: Pooled Separate Account $45,988
Jh Franklin Balance Sheet John Hancock USA DFE: Pooled Separate Account $42,176
Jh T Rowe Price Spectrum Income John Hancock USA DFE: Pooled Separate Account $32,426
Jh T Rowe Price Blue Chip John Hancock USA DFE: Pooled Separate Account $32,105
Jh Mutual Discovery John Hancock USA DFE: Pooled Separate Account $31,568
Jh Legg Mason Growth John Hancock USA DFE: Pooled Separate Account $27,341
Jh American Funds Balanced John Hancock USA DFE: Pooled Separate Account $24,973
Jh Energy John Hancock USA DFE: Pooled Separate Account $20,492
Jh Allianz Rcm Tech Fund John Hancock USA DFE: Pooled Separate Account $20,372
Jh Mutual Beacon John Hancock USA DFE: Pooled Separate Account $18,039
Quantitative Mid Cap Fund John Hancock USA DFE: Pooled Separate Account $15,269
Jh Fidelity Advisor Dividend Grwth John Hancock USA DFE: Pooled Separate Account $14,688
Jh Salomon Bros High Yield John Hancock USA DFE: Pooled Separate Account $14,590
Jh Oppenheimer Global John Hancock USA DFE: Pooled Separate Account $13,687
Jh Lord Abbett All Value John Hancock USA DFE: Pooled Separate Account $13,144
Jh Dws Mid Cap Growth John Hancock USA DFE: Pooled Separate Account $12,471
Jh American Funds Europacific John Hancock USA DFE: Pooled Separate Account $9,914
Jh Oppenheimer Developing Market John Hancock USA DFE: Pooled Separate Account $9,003
Quantitative All Cap Fund John Hancock USA DFE: Pooled Separate Account $7,506
Quantitative Value Fund John Hancock USA DFE: Pooled Separate Account $6,292
Jh T Rowe Price Equity Income John Hancock USA DFE: Pooled Separate Account $5,524
Jh Templeton World John Hancock USA DFE: Pooled Separate Account $5,470
Total Stock Market Index Fund John Hancock USA DFE: Pooled Separate Account $5,255
Jh Mfs Utilities John Hancock USA DFE: Pooled Separate Account $4,972
500 Index Fund John Hancock USA DFE: Pooled Separate Account $4,837
Emerging Growth Fund John Hancock USA DFE: Pooled Separate Account $4,520
Jh Weitz Partners Value John Hancock USA DFE: Pooled Separate Account $4,305
Jh Excelsior Value & Restruct John Hancock USA DFE: Pooled Separate Account $4,047
Jh Jennison Growth John Hancock USA DFE: Pooled Separate Account $2,100
Jh Merrill Lynch Large Value John Hancock USA DFE: Pooled Separate Account $2,030
Jh Domini Social Equity John Hancock USA DFE: Pooled Separate Account $1,700
Small Cap Index Fund John Hancock USA DFE: Pooled Separate Account $1,444
Jh Pimco Global Bond John Hancock USA DFE: Pooled Separate Account $307
Total $5,689,588

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock Life Insurance Company 314
EIN 01-0233346
Industry Code 65838
Contract Number 19149
Contract Year 01/01/2006 — 12/31/2006
Value in General Account at Year End $102,728
Value in Separate Accounts at Year End $5,689,591
Insurance Fees and Commissions $34,550
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Planning Corporation of America 131 2nd Avenue North, Suite 100 Jacksonville Beach, FL 32250 Insurance Agent or Broker $34,550 $0
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 Guaranteed Investment
Balance at the end of the previous year $85,407
Additions $22,817
Contributions Deposited during the year $19,537
Dividends and credits $0
Interest credited during the year $3,280
Transferred from separate account $0
Other $0
Total of Balance and Additions $108,224
Deductions $5,496
Disbursed from fund to pay benefits or purchase annuities during the year $4,083
Administration charge made by carrier $642
Transferred to Separate Account $771
Other $0
Balance at the end of the current year $102,728