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Plan Information

  • Plan Year01/01/2012 — 12/31/2012
  • Date of Plan10/01/1992
  • Net Assets as of 12/31/2012 $9,550,036
  • Plan Number3
  • 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
  • Plan Benefit ArrangementInsurance

Participant Information as of 12/31/2012

  • Active (Eligible) Participants200
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits103
  • Subtotal303
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total303
  • Total number of participants as of 01/01/2012313
  • Number of participants with account balances260
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested0


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

Sponsor Information

  • Address9311 E. Via De Ventura
  • CityScottsdale
  • StateAZ
  • Zip85258
  • Telephone(480) 362-4800
  • EIN59-3474394
  • Industry Code722210
  • Named AdministratorWalter L. Schultz

Audit Information

  • Audit StatusAudited
  • AuditorEide Bailly, LLP
  • Auditor EIN45-0250958
  • 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.
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


Income and Expense Statement

Income $2,585,828
Contributions $1,440,810
Cash Contributions $1,440,810
Cash from Employers $485,428
Cash from Participants $835,566
Others (including rollovers) $119,816
Noncash Contributions $0
Total Earnings on Investments $1,145,018
Total Interest $7,217
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $7,217
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 $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 $1,137,801
Other Income $0
Expenses $694,266
Total Benefit Payments $673,684
Directly to participants or beneficiaries, including direct rollovers $673,684
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $2,870
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $17,712
Professional Fees $17,488
Contract Administrator Fees $224
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $1,891,562
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2012 12/31/2011 Change YOY
Total Assets $9,550,036 $7,658,474 24.70%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $44,318 $40,419 9.65%
Employer Contributions $12,795 $10,467 22.24%
Participant Contributions $31,523 $29,952 5.25%
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 $130,654 $131,352 -0.53%
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 $8,714,600 $6,757,331 28.97%
Value of funds held in insurance co. general account $660,464 $729,372 -9.45%
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 $9,550,036 $7,658,474 24.70%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Alliancebernstein Sm-Mdcap Val A
  • Allianz Nfj Dividend Value A
  • Allianz Nfj Small-Cap Value A
  • American Funds Amcap R3
  • American Funds American Bal R3
  • American Funds Bnd Fd of Amer R3
  • American Funds Cap Inc Buildr R3
  • American Funds Cap Wld Gr Inc R3
  • American Funds Europac Growth R3
  • American Funds Fundamentl Inv R3
  • American Funds Gr Fd of Amer R3
  • American Funds Washmutual Inv R3
  • Calvert Equity Portfolio A
  • Col Seligman Global Technology A
  • Eaton Vance Worldwide Hlth Sci A
  • Federated Kaufmann R
  • Fidelity Advisor Levrgd Co Stk T
  • Fixed Account
  • Frank Stock
  • Franklin Strategic Income A
  • Hartford Growth Hls Ib
  • Invesco Comstock A
  • Invesco Small Cap Discovery A
  • Ivy Global Natural Resources Y
  • Janus Overseas S
  • Lord Abbett Affiliated A
  • Lord Abbett Bond Debenture A
  • Mfs Government Securities R3
  • Oppenheimer Global A
  • Oppenheimer International Bond A
  • Oppenheimer Real Estate A
  • Pimco Total Return A
  • Pioneer High Yield A
  • Ssga Eafe Index X
  • Ssga Russell 2000 Index X
  • Ssga S and P 500 Index Sec Lend
  • Ssga S and P Midcap Index X
  • T Rowe Price Retire 2050 R
  • T. Rowe Price Retire 2020 R
  • T. Rowe Price Retire 2030 R
  • T. Rowe Price Retire 2040 R
  • Templeton Foreign A
  • The Hartford Cap Appreciation R5

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
Pension Planners Northwest Contract Administrator, Participant loan processing NONE $17,488 $0 $17,488
Hartford Life Insurance Company Recordkeeping and information management (computing, tabulating, data processing, etc.), Insurance services, Participant loan processing, Participant communication, Sales loads (front end and deferred), Other commissions, Shareholder servicing fees, Sub-transfer agency fees, Float revenue, Distribution (12b-1) fees, Recordkeeping fees, Account maintenance fees, Insurance mortality and expense charge, Other fees, Direct payment from the plan NONE $224 $0 $224
Total $17,712 $0 $17,712

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

Name Position Explanation
Evers Robinson, Ltd. Auditor Decided To Change Auditors Due To A Desire for More Services.



Name of Investment Investment Manager Type of Investment Dollar Value
Hartford Advantage Tk2 Hartford Life Insurance Company DFE: Pooled Separate Account $8,410,703
Separate Account K2 Hartford Life Insurance Company DFE: Pooled Separate Account $303,896
Total $8,714,599

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Hartford Life Insurance Company 259
EIN 06-0974148
Industry Code 88072
Contract Number GA-812423
Contract Year 01/01/2012 — 12/31/2012
Value in General Account at Year End $660,464
Value in Separate Accounts at Year End $8,714,600
Insurance Fees and Commissions $25,961
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Securities America Inc. 12325 Port Grace La Vista, NE 68128 Insurance Agent or Broker $21,937 $0
Pension Planners Northwest 1600 Valley River Dr., Ste. 340 Eugene, OR 97401 Third Party Administrator $0 $4,024 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 Unspecified
Balance at the end of the previous year $729,372
Additions $196,590
Contributions Deposited during the year $112,945
Dividends and credits $0
Interest credited during the year $17,561
Transferred from separate account $64,456
Other $1,628
Total of Balance and Additions $925,962
Deductions $265,498
Disbursed from fund to pay benefits or purchase annuities during the year $227,285
Administration charge made by carrier $10
Transferred to Separate Account $35,323
Other $2,880
Balance at the end of the current year $660,464