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FORM 5500 DATA

Gnutti Carlo, USA 401K Retirement Savings Plan

Overview

Plan Information

  • Plan Year02/01/2013 — 12/31/2013
  • Date of Plan02/01/2013
  • Net Assets as of 12/31/2013 $2,720,073
  • 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
  • Report DescriptionThis is the first report filed for the plan. This report is for a short plan year (less than 12 months).
  • Plan Funding ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2013

  • Active (Eligible) Participants153
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits1
  • Subtotal154
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total154
  • Total number of participants as of 02/01/2013164
  • Number of participants with account balances42
  • 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

  • Address140 Ludlow Avenue
  • CityNorthvale
  • StateNJ
  • Zip07647
  • Telephone(201) 768-8200
  • EIN46-1469504
  • Industry Code336300
  • Named AdministratorRenato Bampa

Audit Information

  • Audit StatusAudited
  • AuditorFunaro & Co., P.C.
  • Auditor EIN13-2871428
  • 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.

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 $146,345
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 $350,000
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 $2,861,365
Contributions $2,597,928
Cash Contributions $2,597,928
Cash from Employers $29,673
Cash from Participants $143,257
Others (including rollovers) $2,424,998
Noncash Contributions $0
Total Earnings on Investments $262,056
Total Interest $2,888
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $2,888
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 $259,168
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 $1,381
Expenses $141,292
Total Benefit Payments $132,981
Directly to participants or beneficiaries, including direct rollovers $132,981
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $3,758
Interest expense $0
Total Administrative Expenses $4,553
Professional Fees $700
Contract Administrator Fees $0
Investment Advisory and management fees $3,853
Other Administrative Fees $0
Net Income $2,720,073
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2013 01/31/2013 Change YOY
Total Assets $2,720,073 $0 0.0%
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 $34,875 $0 0.0%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $2,426,809 $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 $0 $0 0.0%
Value of funds held in insurance co. general account $258,389 $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 $2,720,073 $0 0.0%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

There is no information on eligible indirect compensation for this plan.

Other Service Providers Receiving Direct or Indirect Compensation

There are no service providers listed for this plan.

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 Retirement 2020 Transamerica Life Insurance Company DFE: Pooled Separate Account $309,272
American Funds Washington Mutu Transamerica Life Insurance Company DFE: Pooled Separate Account $279,589
Ssga Russell Small Cap Growth Transamerica Life Insurance Company DFE: Pooled Separate Account $225,405
Ssga Russell Large Cap Growth Transamerica Life Insurance Company DFE: Pooled Separate Account $216,387
American Funds Europacific Gro Transamerica Life Insurance Company DFE: Pooled Separate Account $213,590
T. Rowe Price Retirement 2010 Transamerica Life Insurance Company DFE: Pooled Separate Account $175,930
American Funds Balanced Ret Op Transamerica Life Insurance Company DFE: Pooled Separate Account $175,043
Ssga U.S. Bond Index Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $151,727
Aegon Bond Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $144,806
T. Rowe Price Retirement 2035 Transamerica Life Insurance Company DFE: Pooled Separate Account $126,082
Goldman Sachs Mid-Cap Opportun Transamerica Life Insurance Company DFE: Pooled Separate Account $102,380
Transamerica Partners Stock In Transamerica Life Insurance Company DFE: Pooled Separate Account $62,356
T. Rowe Price Retirement 2025 Transamerica Life Insurance Company DFE: Pooled Separate Account $58,483
Ridgeworth Mid-Cap Value Equit Transamerica Life Insurance Company DFE: Pooled Separate Account $39,389
Ssga International Index Ret O Transamerica Life Insurance Company DFE: Pooled Separate Account $37,399
Ssga S&P Mid Cap Index Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $36,413
T. Rowe Price Retirement 2045 Transamerica Life Insurance Company DFE: Pooled Separate Account $28,593
T. Rowe Price Retirement 2040 Transamerica Life Insurance Company DFE: Pooled Separate Account $17,273
T. Rowe Price Retirement 2015 Transamerica Life Insurance Company DFE: Pooled Separate Account $10,452
T. Rowe Price Retirement 2030 Transamerica Life Insurance Company DFE: Pooled Separate Account $8,835
T. Rowe Price Retirement Incom Transamerica Life Insurance Company DFE: Pooled Separate Account $5,451
T. Rowe Price Retirement 2050 Transamerica Life Insurance Company DFE: Pooled Separate Account $706
T. Rowe Price Retirement 2055 Transamerica Life Insurance Company DFE: Pooled Separate Account $706
T. Rowe Price Retirement 2005 Transamerica Life Insurance Company DFE: Pooled Separate Account $542
Total $2,426,809

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Transamerica Life Insurance Company 42
EIN 39-0989781
Industry Code 86231
Contract Number 804248-000
Contract Year 01/01/2013 — 12/31/2013
Value in General Account at Year End $0
Value in Separate Accounts at Year End $2,429,809
Insurance Fees and Commissions $5,776
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Bartt M Stevens 1776 Pleasant Plain Rd Fairfield, IA 52556 -8757 Insurance Agent or Broker $5,776 $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 STABLE VALUE
Balance at the end of the previous year $0
Additions $300,884
Contributions Deposited during the year $281,922
Dividends and credits $0
Interest credited during the year $1,378
Transferred from separate account $12,196
Other $5,388
Total of Balance and Additions $300,884
Deductions $42,495
Disbursed from fund to pay benefits or purchase annuities during the year $10,227
Administration charge made by carrier $421
Transferred to Separate Account $31,847
Other $0
Balance at the end of the current year $258,389