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FORM 5500 DATA

Aldin Associates Limited Partnership 401k Profit Sharing Plan and Trust

Overview

Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan01/01/1983
  • Net Assets as of 12/31/2019 $5,353,256
  • 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) Participants78
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits20
  • Subtotal98
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total98
  • Total number of participants as of 01/01/2019137
  • Number of participants with account balances57
  • 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

  • Address77 Sterling Road
  • CityEast Hartford
  • StateCT
  • Zip06108
  • Telephone(860) 282-0651
  • EIN06-1072370
  • Industry Code447100
  • Named AdministratorDavid Savin
  • Named Plan SponsorDavid Savin

Audit Information

  • Audit StatusAudited
  • AuditorCohnreznick LLP
  • Auditor EIN22-1478099
  • 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 $1,000,000
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 $1,194,673
Contributions $321,586
Cash Contributions $321,586
Cash from Employers $102,566
Cash from Participants $219,020
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $871,122
Total Interest $3,963
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $3,963
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 $867,159
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 $1,965
Expenses $421,423
Total Benefit Payments $406,310
Directly to participants or beneficiaries, including direct rollovers $406,310
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 $15,113
Professional Fees $13,508
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $1,605
Net Income $773,250
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 $5,353,256 $4,580,006 16.88%
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 $74,103 $72,542 2.15%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $5,279,153 $4,507,464 17.12%
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 $5,353,256 $4,580,006 16.88%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • John Hancock Life Ins Co USA

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 Co USA 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 Recordkeeper $1,021 $0 $1,021
Total $1,021 $0 $1,021

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.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Vanguard Target Ret 2030 John Hancock USA DFE: Pooled Separate Account $564,882
Jh Multi-Index Ls Growth John Hancock USA DFE: Pooled Separate Account $554,632
Jh Multi-Index Ls Moderate John Hancock USA DFE: Pooled Separate Account $541,888
Jh Multi-Index Ls Balanced John Hancock USA DFE: Pooled Separate Account $512,855
John Hancock Stable Val John Hancock USA DFE: Pooled Separate Account $509,024
Vanguard Target Ret 2040 John Hancock USA DFE: Pooled Separate Account $493,412
Vanguard Small Cap Value Index John Hancock USA DFE: Pooled Separate Account $402,378
Fidelity Advisor Total Bond John Hancock USA DFE: Pooled Separate Account $303,257
Mid Cap Index Fund John Hancock USA DFE: Pooled Separate Account $300,005
Jh Multi-Index Ls Aggressive John Hancock USA DFE: Pooled Separate Account $168,736
T. Rowe Price Sci & Tech John Hancock USA DFE: Pooled Separate Account $136,809
Vanguard Target Ret 2035 John Hancock USA DFE: Pooled Separate Account $113,957
Vanguard Growth Index Fund John Hancock USA DFE: Pooled Separate Account $99,597
Fundamental Investors John Hancock USA DFE: Pooled Separate Account $98,455
Vanguard Mid-Cap Growth Etf John Hancock USA DFE: Pooled Separate Account $65,242
Real Est. Securities Fund John Hancock USA DFE: Pooled Separate Account $51,662
Federated High Yield Bond John Hancock USA DFE: Pooled Separate Account $50,538
John Hancock Disciplined Value John Hancock USA DFE: Pooled Separate Account $41,807
Europacific Growth Fund John Hancock USA DFE: Pooled Separate Account $36,490
Templeton Global Bond Fund John Hancock USA DFE: Pooled Separate Account $34,791
The Growth Fund of America John Hancock USA DFE: Pooled Separate Account $25,008
New Perspective Fund John Hancock USA DFE: Pooled Separate Account $24,555
Vanguard Target Ret 2045 John Hancock USA DFE: Pooled Separate Account $23,970
Vanguard Target Ret 2050 John Hancock USA DFE: Pooled Separate Account $23,415
Jh Multi-Index Ls Conserv John Hancock USA DFE: Pooled Separate Account $20,424
Smallcap World Fund John Hancock USA DFE: Pooled Separate Account $11,653
Vanguard Explorer Fund John Hancock USA DFE: Pooled Separate Account $11,457
Vanguard Mid-Cap Value Etf John Hancock USA DFE: Pooled Separate Account $11,447
Northern Em Equity Index Fund John Hancock USA DFE: Pooled Separate Account $11,056
Vanguard Target Ret 2055 John Hancock USA DFE: Pooled Separate Account $10,451
Vanguard Target Ret 2020 John Hancock USA DFE: Pooled Separate Account $5,729
Vanguard Energy Fund John Hancock USA DFE: Pooled Separate Account $4,422
T. Rowe Price New Era Fund John Hancock USA DFE: Pooled Separate Account $4,422
Vanguard Target Ret 2060 John Hancock USA DFE: Pooled Separate Account $4,371
Fidelity Adv Leveraged Co Stk John Hancock USA DFE: Pooled Separate Account $3,316
Vanguard Target Ret 2025 John Hancock USA DFE: Pooled Separate Account $3,040
Total $5,279,153

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock Life Ins Co (USA) (John Hancock USA) 61
EIN 01-0233346
Industry Code 65838
Contract Number 108324
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $0
Value in Separate Accounts at Year End $5,279,153
Insurance Fees and Commissions $13,893
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Wells Fargo Wealth Brok Ins Agy Insurance Agent or Broker $6,144 $0
Wells Fargo Advisors Ins Agency LLC Insurance Agent or Broker $6,144 $0
Healey & Associates Po Box 599 Portland, ME 04112 -0599 Third Party Administrator $0 $1,605 TPA FEES
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