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FORM 5500 DATA

AGRA Construction Co. 401k Plan

Overview

Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan05/01/2008
  • Net Assets as of 12/31/2019 $6,830,706
  • 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) Participants108
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits33
  • Subtotal141
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total141
  • Total number of participants as of 01/01/2019206
  • Number of participants with account balances134
  • 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

  • Address1211 W Water St.
  • CityMerrill
  • StateWI
  • Zip54452
  • Telephone(715) 536-9584
  • EIN39-1946973
  • Industry Code332900
  • Named AdministratorKirk Van Den Heuvel

Audit Information

  • Audit StatusAudited
  • AuditorGassner Co., S.C.
  • Auditor EIN39-1336018
  • 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.
2S Automatic Enrollment Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
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? Yes
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? Yes

Financials

Income and Expense Statement

Income $2,144,214
Contributions $702,917
Cash Contributions $702,917
Cash from Employers $178,502
Cash from Participants $412,925
Others (including rollovers) $111,490
Noncash Contributions $0
Total Earnings on Investments $1,441,297
Total Interest $6,930
Interest-Bearing Cash $1,857
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $5,073
Interest from Other Investments $0
Total Dividends $290,264
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 $11
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 $1,144,092
Other Income $0
Expenses $955,944
Total Benefit Payments $914,112
Directly to participants or beneficiaries, including direct rollovers $914,112
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 $41,832
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $41,832
Net Income $1,188,270
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 $6,830,706 $5,642,436 21.06%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $714 $0 0.0%
Employer Contributions $714 $0 0.0%
Participant Contributions $0 $0 0.0%
Other Contributions $0 $0 0.0%
General Investments $112,521 $0 0.0%
Interest-bearing cash $112,521 $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 $87,501 $93,436 -6.35%
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 $6,629,970 $5,545,683 19.55%
Value of funds held in insurance co. general account $0 $3,317 -100.00%
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 $6,830,706 $5,642,436 21.06%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Sei Trust Company

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
Woodtrust Bank, N.A. Recordkeeping and information management (computing, tabulating, data processing, etc.), Trustee (bank, trust company, or similar financial institution), Investment advisory (plan) NONE $40,025 $0 $40,025
John Hancock 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 NONE $3,386 $0 $3,386
Total $43,411 $0 $43,411

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
T. Rowe Price Short Term Bond John Hancock USA DFE: Pooled Separate Account $0
Fundamental Large Cap Value John Hancock USA DFE: Pooled Separate Account $0
Capital Appreciation Fund John Hancock USA DFE: Pooled Separate Account $0
Blue Chip Growth Fund John Hancock USA DFE: Pooled Separate Account $0
Vanguard Small Cap Grow Index John Hancock USA DFE: Pooled Separate Account $0
Vanguard Energy Fund John Hancock USA DFE: Pooled Separate Account $0
T. Rowe Price Sml Cap Val John Hancock USA DFE: Pooled Separate Account $0
Small Cap Value Fund John Hancock USA DFE: Pooled Separate Account $0
Small Cap Stock Fund John Hancock USA DFE: Pooled Separate Account $0
Royce Opportunity John Hancock USA DFE: Pooled Separate Account $0
John Hancock Disciplined Value John Hancock USA DFE: Pooled Separate Account $0
Jpmorgan Large Cap Growth John Hancock USA DFE: Pooled Separate Account $0
Jpmorgan U.S. Equity Fund John Hancock USA DFE: Pooled Separate Account $0
Fidelity Advisor Total Bond John Hancock USA DFE: Pooled Separate Account $0
T. Rowe Price Spectrum Inc John Hancock USA DFE: Pooled Separate Account $0
Alternative Asset Allocation John Hancock USA DFE: Pooled Separate Account $0
Floating Rate Income Fund John Hancock USA DFE: Pooled Separate Account $0
Washington Mutual Investors John Hancock USA DFE: Pooled Separate Account $0
Total Stock Market Index Fund John Hancock USA DFE: Pooled Separate Account $0
T. Rowe Price Health Sci John Hancock USA DFE: Pooled Separate Account $0
T. Rowe Price Equity Inc John Hancock USA DFE: Pooled Separate Account $0
New Perspective Fund John Hancock USA DFE: Pooled Separate Account $0
Real Est. Securities Fund John Hancock USA DFE: Pooled Separate Account $0
Oppenheimer Developing Mkt John Hancock USA DFE: Pooled Separate Account $0
500 Index Fund John Hancock USA DFE: Pooled Separate Account $0
Jh Multimanager Growth Ls John Hancock USA DFE: Pooled Separate Account $0
Jh Multimanager Aggressive Ls John Hancock USA DFE: Pooled Separate Account $0
Jh Multimanager 2025 Lifetime John Hancock USA DFE: Pooled Separate Account $0
Jh Multimanager 2030 Lifetime John Hancock USA DFE: Pooled Separate Account $0
Jh Multimanager 2035 Lifetime John Hancock USA DFE: Pooled Separate Account $0
Jh Multimanager 2040 Lifetime John Hancock USA DFE: Pooled Separate Account $0
Jh Multimanager 2045 Lifetime John Hancock USA DFE: Pooled Separate Account $0
Jh Multimanager 2050 Lifetime John Hancock USA DFE: Pooled Separate Account $0
Jh Multimanager 2055 Lifetime John Hancock USA DFE: Pooled Separate Account $0
Jh Multimanager Balanced Ls John Hancock USA DFE: Pooled Separate Account $0
Jh Multimanager Moderate Ls John Hancock USA DFE: Pooled Separate Account $0
Jh Multimanager Conserv Ls John Hancock USA DFE: Pooled Separate Account $0
Mid Cap Stock Fund John Hancock USA DFE: Pooled Separate Account $0
Mid Cap Index Fund John Hancock USA DFE: Pooled Separate Account $0
Jpmorgan Midcap Value Fund John Hancock USA DFE: Pooled Separate Account $0
Intl Small Cap Fund John Hancock USA DFE: Pooled Separate Account $0
Financial Industries Fund John Hancock USA DFE: Pooled Separate Account $0
Europacific Growth Fund John Hancock USA DFE: Pooled Separate Account $0
Dfa U.S. Small Cap Fund John Hancock USA DFE: Pooled Separate Account $0
Dfa Emerging Markets Value John Hancock USA DFE: Pooled Separate Account $0
American Century Heritage John Hancock USA DFE: Pooled Separate Account $0
Jh Multimanager 2060 Lifetime John Hancock USA DFE: Pooled Separate Account $0
Total $0

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock USA 0
EIN 01-0233346
Industry Code 65838
Contract Number 62292
Contract Year 01/01/2019 — 03/18/2019
Value in General Account at Year End $0
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $3,586
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Raymond James Insurance Group, Inc 1431 Merrill Ave Wausau, WI 54401 Insurance Agent or Broker $2,446 $0
Retirement Strategies LLC 107 W Main St Little Chute, WI 54140 Third Party Administrator $0 $1,140 TPA FORUM COMPENSATION
Allocated Funds
Type of Contract Group Deferred Annuity
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, CASH/FORFEITURE ACCOUNT
Balance at the end of the previous year $3,316
Additions $1,219
Contributions Deposited during the year $1,207
Dividends and credits $0
Interest credited during the year $12
Transferred from separate account $0
Other $0
Total of Balance and Additions $4,535
Deductions $4,535
Disbursed from fund to pay benefits or purchase annuities during the year $4,490
Administration charge made by carrier $2
Transferred to Separate Account $0
Other $43
Balance at the end of the current year $0