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FORM 5500 DATA

Aldridge Group, LLC 401k Retirement Plan

Overview

Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan03/24/1969
  • Net Assets as of 12/31/2019 $57,739,654
  • 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) Participants382
  • Retired or separated participants receiving benefits1
  • Other retired or separated participants entitled to future benefits78
  • Subtotal461
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total461
  • Total number of participants as of 01/01/2019474
  • Number of participants with account balances442
  • 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

  • Address844 East Rockland Rd
  • CityLibertyville
  • StateIL
  • Zip60048
  • Telephone(847) 680-5200
  • EIN46-4566651
  • Industry Code238210
  • Named AdministratorCory Aldrich

Plan Administrator Information

  • Administrator NameAldridge Employee Benefits Committee
  • Address844 East Rockland Rd
  • CityLibertyville
  • StateIL
  • Zip60048
  • Telephone(847) 680-5200
  • Administrator EIN46-4566651

Audit Information

  • Audit StatusAudited
  • AuditorThe Vanderbloemen Group LLC
  • Auditor EIN20-1640706
  • Audit OpinionUnqualified
  • Audit Type Full 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.
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.
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? 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 $15,628,408
Contributions $5,003,873
Cash Contributions $5,003,873
Cash from Employers $1,928,911
Cash from Participants $3,049,978
Others (including rollovers) $24,984
Noncash Contributions $0
Total Earnings on Investments $10,624,535
Total Interest $213,887
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $35,959
Interest from Other Investments $177,928
Total Dividends $1,951,533
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 $8,459,115
Other Income $0
Expenses $2,631,306
Total Benefit Payments $2,442,018
Directly to participants or beneficiaries, including direct rollovers $2,442,018
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 $189,288
Professional Fees $24,615
Contract Administrator Fees $17,234
Investment Advisory and management fees $147,439
Other Administrative Fees $0
Net Income $12,997,102
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 $57,739,654 $44,742,552 29.05%
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 $804,334 $658,335 22.18%
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 $52,037,475 $38,981,431 33.49%
Value of funds held in insurance co. general account $4,897,845 $5,102,786 -4.02%
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 $57,739,654 $44,742,552 29.05%

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
Massachusetts Mutual Life Ins. Co. Other services, Investment management fees paid indirectly by plan, Sub-transfer agency fees, Float revenue, Recordkeeping fees, Other investment fees and expenses Contract Administrator $164,674 $0 $164,674
UBS Financial Services Inc. Investment advisory (plan) Investment Advisor $0 $78,725 $78,725
Vanderbloemen Group LLC Accounting (including auditing) Auditor $18,500 $0 $18,500
The Aldranderbloemen Group LLC Accounting (including auditing) Auditor $10,000 $0 $10,000
The Vanderbloemen Group LLC Accounting (including auditing) Auditor $8,500 $0 $8,500
Afs Administrative Fiduciary Servic Named fiduciary Fiduciary $6,115 $0 $6,115
American Funds Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
American Funds Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Blackrock Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Goldman Sachs Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Invesco Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Janus Henderson Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Legg Mason Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Mfs Investment Management Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Vanguard Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Vanguard Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Vanguard Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Vanguard Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Victory Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Total $207,789 $78,725 $286,514

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Massachusetts Mutual Life Ins. Co. Sagic 62368 Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Prem U.S. Govt Mny Mkt Fd Barings Other investment fees and expenses, Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Goldman Sachs Small Cap Value Fund Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Millennium Trust Company, LLC Other services Referral Fee $0
UBS Financial Services Inc. Massachusetts Mutual Life Ins. Co. Investment advisory (plan) Plan Related Expenses $78,725
American Funds American Funds Balanced Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
American Funds Amer Funds Europacific Growth Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
American Funds American Fnds 2010 Target Dt Ret Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
American Funds American Fnds 2015 Target Dt Ret Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
American Funds American Fnds 2020 Target Dt Ret Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
American Funds American Fnds 2025 Target Dt Ret Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
American Funds American Fnds 2030 Target Dt Ret Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
American Funds American Fnds 2035 Target Dt Ret Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
American Funds American Fnds 2040 Target Dt Ret Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
American Funds American Fnds 2045 Target Dt Ret Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
American Funds American Fnds 2050 Target Dt Ret Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
American Funds American Fnds 2055 Target Dt Ret Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
American Funds American Fnds 2060 Target Dt Ret Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
American Funds American Fnds Cap Wld Gr and Inc Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
American Funds American Funds New World Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Blackrock Blackrock Ishares S&P 500 Index Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Goldman Sachs Goldman Sachs Small Cap Value Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Invesco Invesco Oppenheimer Intl Bond Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Janus Henderson Janus Henderson Enterprise Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Janus Henderson Janus Henderson Triton Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Legg Mason Western Asset Core Plus Bond Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Mfs Investment Management Mfs International Intrinsic Val Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Vanguard Vanguard Us Growth Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Vanguard Vanguard High-Yield Corporate Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Vanguard Vanguard Equity-Income Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Vanguard Vanguard Mid Cap Index Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Vanguard Vanguard Small Cap Index Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Victory Victory Sycamore Established Val Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $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

No investments information available for this plan.

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Massachusetts Mutual Life Insurance Company 461
EIN 04-1590850
Industry Code 65935
Contract Number MR 62368
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $0
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 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 GROUP ANNUITY CONTRACT
Balance at the end of the previous year $5,102,787
Additions $544,340
Contributions Deposited during the year $275,019
Dividends and credits $0
Interest credited during the year $177,928
Transferred from separate account $25,165
Other $66,228
Total of Balance and Additions $5,647,127
Deductions $749,282
Disbursed from fund to pay benefits or purchase annuities during the year $690,880
Administration charge made by carrier $23,098
Transferred to Separate Account $0
Other $35,304
Balance at the end of the current year $4,897,845