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FORM 5500 DATA

IAP Worldwide Services Retirement Savings Plan

Overview

Plan Information

  • Plan Year01/01/2018 — 12/31/2018
  • Date of Plan01/01/1982
  • Net Assets as of 12/31/2018 $139,251,765
  • Plan Number4
  • Plan Type Single Employer
  • Is the plan collectively bargained?Yes
  • Did the plan file for an extension of time or the DFVC Program?Yes
  • Report Description This is an amended report.
  • Plan Funding ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2018

  • Active (Eligible) Participants2,099
  • Retired or separated participants receiving benefits82
  • Other retired or separated participants entitled to future benefits1,459
  • Subtotal3,640
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits6
  • Total3,646
  • Total number of participants as of 01/01/20183,243
  • Number of participants with account balances2,644
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested32

Expenses

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

Sponsor Information

  • Address7315 N. Atlantic Ave
  • CityCape Canaveral
  • StateFL
  • Zip32920
  • Telephone(321) 784-7353
  • EIN42-1628757
  • Industry Code561210
  • Named AdministratorTanya Miller

Audit Information

  • Audit StatusAudited
  • AuditorSmith & Howard
  • Auditor EIN58-1250486
  • 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.
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.

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 $3,956
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 $5,000,000
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 $6,680,361
Contributions $13,677,437
Cash Contributions $13,677,437
Cash from Employers $2,993,535
Cash from Participants $6,966,389
Others (including rollovers) $3,717,513
Noncash Contributions $0
Total Earnings on Investments $-6,997,076
Total Interest $632,396
Interest-Bearing Cash $79,849
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $75,932
Interest from Other Investments $476,615
Total Dividends $8,898,489
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 $-382,612
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 $-16,145,349
Other Income $0
Expenses $16,594,851
Total Benefit Payments $16,379,411
Directly to participants or beneficiaries, including direct rollovers $16,379,411
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $1,873
Certain deemed distributions of participant loans $12,436
Interest expense $0
Total Administrative Expenses $201,131
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $201,131
Net Income $-9,914,490
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 $139,253,573 $149,168,246 -6.65%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $0 $16 -100.00%
Employer Contributions $0 $0 0.0%
Participant Contributions $0 $0 0.0%
Other Contributions $0 $16 -100.00%
General Investments $5,597,288 $5,407,062 3.52%
Interest-bearing cash $5,597,288 $5,407,062 3.52%
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 $2,074,023 $1,792,548 15.70%
Value of interest in common/collective trusts $10,200,315 $11,182,950 -8.79%
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 $106,995,002 $115,462,867 -7.33%
Value of funds held in insurance co. general account $14,386,945 $15,322,803 -6.11%
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 $1,808 $1,991 -9.19%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $1,808 $1,991 -9.19%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $139,251,765 $149,166,255 -6.65%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Fidelity Investments Institutional

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
Fidelity Investments Institutional Participant loan processing, Sub-transfer agency fees, Recordkeeping fees, Account maintenance fees Recordkeeper $130,410 $0 $130,410
Captrust Consulting (general) Consultant $36,000 $0 $36,000
Smith & Howard Accounting (including auditing), Consulting (general) Consultant $34,721 $0 $34,721
Total $201,131 $0 $201,131

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Fidelity Investments Institutional Alzgi Nfj Div Val I - Dst Asset Ma Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Alzgi Nfj Smcpvl Is - Dst Asset Ma Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Artisan Mid Cap Inv - Dst Asset Ma Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Harbor Intl Inst - Harbor Services Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Invs Smcp Grth R5 - Invesco Invest Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Jpm Midcap Value L - Dst Asset Man Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Trp Growth Stock - T. Rowe Price S Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Trp Small-Cap Value - T. Rowe Pric Sub-transfer agency fees 0.15% $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
Sp 500 Index Pl Cl C Geode Capital Management Trust DFE: Common/Collective Trust $9,483,768
Fid Mgd Inc Port Fidelity Management Trust Company DFE: Common/Collective Trust $716,547
Total $10,200,315

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Prudential Retirement Insurance and Annuity Company 395
EIN 06-1050034
Industry Code 93629
Contract Number 015620
Contract Year 01/01/2018 — 12/31/2018
Value in General Account at Year End $14,386,945
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $0
Persons Receiving Commissions and Fees There are no brokers listed for this plan.
Allocated Funds
Type of Contract Individual Policies
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 Unspecified
Balance at the end of the previous year $15,322,803
Additions $476,208
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $476,145
Transferred from separate account $0
Other $63
Total of Balance and Additions $15,799,011
Deductions $1,412,066
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 $1,412,066
Balance at the end of the current year $14,386,945