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Armstrong Transfer & Storage Co., Inc./Armstrong Relocation Company, Memphis Multiple Employer 401k Profit Sharing Plan


Plan Information

  • Plan Year01/01/2018 — 12/31/2018
  • Date of Plan01/01/2000
  • Net Assets as of 12/31/2018 $40,973,794
  • Plan Number333
  • Plan Type Multiple 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 12/31/2018

  • Active (Eligible) Participants702
  • Retired or separated participants receiving benefits31
  • Other retired or separated participants entitled to future benefits241
  • Subtotal974
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits2
  • Total976
  • Total number of participants as of 01/01/2018980
  • Number of participants with account balances784
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested4


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

Sponsor Information

  • Address3927 Winchester Road
  • CityMemphis
  • StateTN
  • Zip38118
  • Telephone(901) 363-1914
  • EIN62-0581853
  • Industry Code493100
  • Named AdministratorRobert W. Ratton

Plan Administrator Information

  • Administrator NameArmstrong Transfer & Storage Co Inc
  • Address3927 Winchester Road
  • CityMemphis
  • StateTN
  • Zip38118
  • Telephone(901) 363-1914
  • Administrator EIN62-0581853

Audit Information

  • Audit StatusAudited
  • AuditorMelissa G. Critcher
  • Auditor EIN27-1654932
  • 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.
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.
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 $2,000,000
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


Income and Expense Statement

Income $1,132,063
Contributions $3,188,203
Cash Contributions $3,188,203
Cash from Employers $293,622
Cash from Participants $2,119,513
Others (including rollovers) $775,068
Noncash Contributions $0
Total Earnings on Investments $-2,053,635
Total Interest $196,767
Interest-Bearing Cash $163,244
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $33,523
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 $-2,250,402
Other Income $-2,505
Expenses $1,947,517
Total Benefit Payments $1,855,460
Directly to participants or beneficiaries, including direct rollovers $1,855,460
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $46,085
Certain deemed distributions of participant loans $40,022
Interest expense $0
Total Administrative Expenses $5,950
Professional Fees $5,950
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $-815,454
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2018 12/31/2017 Change YOY
Total Assets $40,973,794 $41,789,248 -1.95%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $293,622 $269,310 9.03%
Employer Contributions $293,622 $269,310 9.03%
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 $659,637 $760,234 -13.23%
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 $34,272,375 $34,516,330 -0.71%
Value of funds held in insurance co. general account $5,748,160 $6,243,374 -7.93%
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 $40,973,794 $41,789,248 -1.95%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Voya Retirement Ins. & Annutiy Co.

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
Morningstar Investment advisory (plan) Service Provider $0 $21,032 $21,032
Voya Retirement Ins & Annuity Co. Investment advisory (plan) Service Provider $0 $21,032 $21,032
Total $0 $42,064 $42,064

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Morningstar Voya Retirement Ins & Annuity Co. Investment advisory (plan) Investment Advisory (Plan) $21,032
Voya Retirement Ins & Annuity Co. Voya Retirement Ins & Annuity Co. Investment advisory (plan) Investment Advisory (Plan $21,032
*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

Name Position Explanation
Deweese Howell & Associates Accountant



Name of Investment Investment Manager Type of Investment Dollar Value
Variable Annuity Account D Voya Retirement Insurance and Annuity Co DFE: Pooled Separate Account $34,272,375
Total $34,272,375

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Voya Retirement Insurance and Annuity Company 784
EIN 71-0294708
Industry Code 86509
Contract Number PHX384
Contract Year 01/01/2018 — 12/31/2018
Value in General Account at Year End $5,744,337
Value in Separate Accounts at Year End $34,272,375
Insurance Fees and Commissions $84,232
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Raymond James Insurance Group, Inc. Po Box 23698 St. Petersburg, FL 33716 Insurance Agent or Broker $84,232 $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
Balance at the end of the previous year $6,119,163
Additions $459,065
Contributions Deposited during the year $237,293
Dividends and credits $0
Interest credited during the year $163,244
Transferred from separate account $0
Other $58,528
Total of Balance and Additions $6,578,228
Deductions $833,891
Disbursed from fund to pay benefits or purchase annuities during the year $338,803
Administration charge made by carrier $891
Transferred to Separate Account $454,735
Other $39,462
Balance at the end of the current year $5,744,337