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FORM 5500 DATA

Vista Proppants & Logistics 401k Plan

Overview

Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan01/01/2014
  • Net Assets as of 12/31/2019 $9,288,239
  • 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) Participants503
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits115
  • Subtotal618
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total618
  • Total number of participants as of 01/01/2019973
  • Number of participants with account balances605
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested367

Expenses

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

Sponsor Information

  • Address4413 Carey St
  • CityFort Worth
  • StateTX
  • Zip76119-4219
  • Telephone(817) 563-3560
  • EIN20-1485198
  • Industry Code488210
  • Named AdministratorDebbie Forester
  • Named Plan SponsorDebbie Forester

Audit Information

  • Audit StatusAudited
  • AuditorWhitley Penn LLP
  • Auditor EIN72-2393478
  • 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.
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.
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? Yes $78,419
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 $1,000,000
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 $5,183,385
Contributions $3,571,764
Cash Contributions $3,571,764
Cash from Employers $1,059,707
Cash from Participants $2,305,336
Others (including rollovers) $206,721
Noncash Contributions $0
Total Earnings on Investments $1,612,051
Total Interest $0
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $0
Interest from Other Investments $0
Total Dividends $27,914
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 $1,364,004
Net investment gain (loss) from pooled separate accounts $4,071
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 $216,062
Other Income $-430
Expenses $2,553,416
Total Benefit Payments $2,439,486
Directly to participants or beneficiaries, including direct rollovers $2,438,334
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $1,152
Corrective Distributions $0
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $113,930
Professional Fees $0
Contract Administrator Fees $113,930
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $2,629,969
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 $9,288,239 $6,658,270 39.50%
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 $0 $0 0.0%
Value of interest in common/collective trusts $7,630,751 $5,836,367 30.74%
Value of interest in pooled separate accounts $23,614 $9,263 154.93%
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 $1,633,874 $812,640 101.06%
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 $9,288,239 $6,658,270 39.50%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Principal Life Insurance Company

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
Principal Life Insurance Company Contract Administrator, Direct payment from the plan, Recordkeeping fees Contract Administrator $113,945 $0 $113,945
Total $113,945 $0 $113,945

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
Prin Lifetime Hybr 2055 Cit Z Principal Global Investors Trust Co DFE: Common/Collective Trust $1,186,197
Prin Lifetime Hybr 2050 Cit Z Principal Global Investors Trust Co DFE: Common/Collective Trust $1,017,000
Prin Lifetime Hybr 2035 Cit Z Principal Global Investors Trust Co DFE: Common/Collective Trust $845,157
Prin Lifetime Hybr 2025 Cit Z Principal Global Investors Trust Co DFE: Common/Collective Trust $842,419
Prin Lifetime Hybr 2040 Cit Z Principal Global Investors Trust Co DFE: Common/Collective Trust $776,474
Prin Lifetime Hybr 2045 Cit Z Principal Global Investors Trust Co DFE: Common/Collective Trust $673,565
Prin Lifetime Hybr 2030 Cit Z Principal Global Investors Trust Co DFE: Common/Collective Trust $637,285
Prin Lifetime Hybr 2020 Cit Z Principal Global Investors Trust Co DFE: Common/Collective Trust $609,555
Principal Stable Value Z Fund Principal Global Investors Trust Co DFE: Common/Collective Trust $520,928
Prin Lifetime Hybr 2060 Cit Z Principal Global Investors Trust Co DFE: Common/Collective Trust $443,689
Prin Lifetime Hybr 2015 Cit Z Principal Global Investors Trust Co DFE: Common/Collective Trust $47,058
Prin Lifetime Hybr 2065 Cit Z Principal Global Investors Trust Co DFE: Common/Collective Trust $31,409
Prin Intl Smallcap Sep Acct-Z Principal Life Insurance Company DFE: Pooled Separate Account $23,614
Prin Lifetime Hybr Inc Cit Z Principal Global Investors Trust Co DFE: Common/Collective Trust $17
Total $7,654,367

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Principal Life Insurance Company 618
EIN 42-0127290
Industry Code 61271
Contract Number 621175
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $0
Value in Separate Accounts at Year End $23,614
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 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