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FORM 5500 DATA

Aac Inc. 401k Profit Sharing Plan

Overview

Plan Information

  • Plan Year01/01/2016 — 12/31/2016
  • Date of Plan04/01/1999
  • Net Assets as of 12/31/2016 $15,604,443
  • Plan Number5
  • 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 12/31/2016

  • Active (Eligible) Participants151
  • Retired or separated participants receiving benefits22
  • Other retired or separated participants entitled to future benefits79
  • Subtotal252
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total252
  • Total number of participants as of 01/01/2016422
  • Number of participants with account balances239
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested152

Expenses

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

Sponsor Information

  • Address8470 Tyco Road
  • CityVienna
  • StateVA
  • Zip22182
  • Telephone(703) 918-6336
  • EIN52-1233442
  • Industry Code541513
  • Named AdministratorYvonne Adair

Audit Information

  • Audit StatusAudited
  • AuditorRogers & Associates, LLC
  • Auditor EIN52-2112611
  • 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.
3B Self-Employed Plan Plan covering Self-Employed individuals.
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? 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 $2,535,393
Contributions $1,384,787
Cash Contributions $1,384,787
Cash from Employers $482,150
Cash from Participants $877,368
Others (including rollovers) $25,269
Noncash Contributions $0
Total Earnings on Investments $1,150,606
Total Interest $19,989
Interest-Bearing Cash $8,986
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $11,003
Participant Loans $0
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 $1,130,617
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 $0
Expenses $2,530,288
Total Benefit Payments $2,504,479
Directly to participants or beneficiaries, including direct rollovers $2,504,479
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $4,015
Interest expense $0
Total Administrative Expenses $21,794
Professional Fees $0
Contract Administrator Fees $835
Investment Advisory and management fees $20,959
Other Administrative Fees $0
Net Income $5,105
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2016 12/31/2015 Change YOY
Total Assets $15,604,443 $15,599,338 0.03%
Total noninterest-bearing cash $386,481 $131,585 193.71%
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 $213,714 $273,458 -21.85%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $15,004,248 $15,194,295 -1.25%
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 $15,604,443 $15,599,338 0.03%

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

Name Nature of Service Relationship to Plan Sponsor Direct Compensation Paid by Plan Indirect Compensation Paid by Plan Total Compensation
Coastal Pension Services 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 TPA $20,959 $0 $20,959
John Hancock Life Insurance Company Recordkeeping and information management (computing, tabulating, data processing, etc.) Recordkeeper $835 $0 $835
Total $21,794 $0 $21,794

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
Jh Thru 2025 Active Strategy John Hancock USA DFE: Pooled Separate Account $3,631,466
Jh Thru 2030 Active Strategy John Hancock USA DFE: Pooled Separate Account $1,520,965
Jh Thru 2040 Active Strategy John Hancock USA DFE: Pooled Separate Account $1,320,735
Jh Thru 2035 Active Strategy John Hancock USA DFE: Pooled Separate Account $1,129,682
Jh Thru 2020 Active Strategy John Hancock USA DFE: Pooled Separate Account $972,477
500 Index Fund John Hancock USA DFE: Pooled Separate Account $614,495
Jh Thru 2045 Active Strategy John Hancock USA DFE: Pooled Separate Account $527,109
Jh Thru 2050 Active Strategy John Hancock USA DFE: Pooled Separate Account $513,953
Jh Thru 2015 Active Strategy John Hancock USA DFE: Pooled Separate Account $483,361
Jh Ls Agg Active Strategy John Hancock USA DFE: Pooled Separate Account $454,263
John Hancock Disciplined Value John Hancock USA DFE: Pooled Separate Account $305,703
Strategic Income Opp Fund John Hancock USA DFE: Pooled Separate Account $273,976
T. Rowe Price Health Sci John Hancock USA DFE: Pooled Separate Account $259,824
Smallcap World Fund John Hancock USA DFE: Pooled Separate Account $257,569
John Hancock Stable Val John Hancock USA DFE: Pooled Separate Account $224,829
Jh Ls Grow Active Strategy John Hancock USA DFE: Pooled Separate Account $208,953
The Growth Fund of America John Hancock USA DFE: Pooled Separate Account $202,032
Dfa Emerging Markets Value John Hancock USA DFE: Pooled Separate Account $178,080
Jh Ls Bal Active Strategy John Hancock USA DFE: Pooled Separate Account $151,649
Intl Equity Index Fund John Hancock USA DFE: Pooled Separate Account $132,884
Active Bond Fund John Hancock USA DFE: Pooled Separate Account $121,943
Small Cap Index Fund John Hancock USA DFE: Pooled Separate Account $118,721
Real Est. Securities Fund John Hancock USA DFE: Pooled Separate Account $114,415
Dfa Us Targeted Value Fund John Hancock USA DFE: Pooled Separate Account $112,643
Mid Cap Stock Fund John Hancock USA DFE: Pooled Separate Account $109,854
New World Fund John Hancock USA DFE: Pooled Separate Account $95,702
Vanguard Explorer Fund John Hancock USA DFE: Pooled Separate Account $88,716
Europacific Growth Fund John Hancock USA DFE: Pooled Separate Account $87,328
Value Fund John Hancock USA DFE: Pooled Separate Account $84,624
Utilities Fund John Hancock USA DFE: Pooled Separate Account $82,088
Jh Ls Con Active Strategy John Hancock USA DFE: Pooled Separate Account $69,606
Small Cap Value Fund John Hancock USA DFE: Pooled Separate Account $53,631
High Yield Fund John Hancock USA DFE: Pooled Separate Account $52,447
Mid Cap Index Fund John Hancock USA DFE: Pooled Separate Account $49,050
Oppenheimer Global John Hancock USA DFE: Pooled Separate Account $48,335
Income Fund of America John Hancock USA DFE: Pooled Separate Account $41,688
Washington Mutual Investors John Hancock USA DFE: Pooled Separate Account $41,092
Total Stock Market Index Fund John Hancock USA DFE: Pooled Separate Account $39,290
Templeton Global Bond Fund John Hancock USA DFE: Pooled Separate Account $38,682
Total Bond Market Fund John Hancock USA DFE: Pooled Separate Account $37,679
Jh Ls Mod Active Strategy John Hancock USA DFE: Pooled Separate Account $31,989
Fidelity Advisor Total Bond John Hancock USA DFE: Pooled Separate Account $28,639
Jh Disciplined Value Mid Cap John Hancock USA DFE: Pooled Separate Account $21,586
Jh Thru 2055 Active Strategy John Hancock USA DFE: Pooled Separate Account $20,258
Blackrock Basic Value John Hancock USA DFE: Pooled Separate Account $19,775
Investment Company of America John Hancock USA DFE: Pooled Separate Account $17,772
Capital Appreciation Fund John Hancock USA DFE: Pooled Separate Account $5,999
Blackrock Global Allocation John Hancock USA DFE: Pooled Separate Account $2,964
Jp Morgan Us Equity John Hancock USA DFE: Pooled Separate Account $1,456
Jh Thru 2010 Active Strategy John Hancock USA DFE: Pooled Separate Account $203
Total $15,002,180

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock USA 234
EIN 01-0233346
Industry Code 65838
Contract Number 113024
Contract Year 01/01/2016 — 12/31/2016
Value in General Account at Year End $0
Value in Separate Accounts at Year End $15,004,248
Insurance Fees and Commissions $45,588
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Axa Network LLC 3141 Fairview Park Drive Falls Church, VI 22042 Insurance Agent or Broker $37,952 $0 BROKER COMMISSION
Coastal Pension Services 7230 Lee Deforest Drive Columbia, MD 21042 Third Party Administrator $0 $7,636 TPA COMPENSATION
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 $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