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FORM 5500 DATA

Accelerated Solutions Cross-Tested 401k Profit Sharing Plan

Overview

Plan Information

  • Plan Year01/01/2018 — 12/31/2018
  • Date of Plan01/01/2002
  • Net Assets as of 12/31/2018 $2,205,881
  • 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 12/31/2018

  • Active (Eligible) Participants79
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits84
  • Subtotal163
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total163
  • Total number of participants as of 01/01/2018159
  • Number of participants with account balances151
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested20

Expenses

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

Sponsor Information

  • Address800 Crescent Centre Dr. Suite 500
  • CityFranklin
  • StateTN
  • Zip37067
  • Telephone(615) 236-4000
  • EIN62-1691366
  • Industry Code541600
  • Named AdministratorWilliam Chace
  • Named Plan SponsorWilliam Chace

Audit Information

  • Audit StatusAudited
  • AuditorCherry Bekaert, LLP
  • Auditor EIN56-0574444
  • 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.
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.

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 $37,442
Contributions $226,237
Cash Contributions $226,237
Cash from Employers $98,769
Cash from Participants $127,468
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $-188,795
Total Interest $24
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 $24
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 $-188,819
Other Income $0
Expenses $58,562
Total Benefit Payments $53,447
Directly to participants or beneficiaries, including direct rollovers $53,447
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $654
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $4,461
Professional Fees $0
Contract Administrator Fees $4,461
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $-21,120
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 $2,205,881 $2,227,349 -0.96%
Total noninterest-bearing cash $5,163 $6,070 -14.94%
Receivables $101,021 $138,658 -27.14%
Employer Contributions $101,058 $138,658 -27.12%
Participant Contributions $-37 $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 $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 $2,077,731 $2,065,064 0.61%
Value of funds held in insurance co. general account $21,966 $17,557 25.11%
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 $348 -100.00%
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 $348 0.0%
Net Assets $2,205,881 $2,227,001 -0.95%

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
John Hancock Life Insurance Company Recordkeeping and information management (computing, tabulating, data processing, etc.), Investment management, Shareholder servicing fees, Sub-transfer agency fees, Float revenue, Distribution (12b-1) fees, Other insurance wrap fees, Soft dollars commissions Recordkeeper $0 $0 $0
Total $0 $0 $0

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 Multimanager Growth Ls John Hancock USA DFE: Pooled Separate Account $392,150
Jh Multimanager Balanced Ls John Hancock USA DFE: Pooled Separate Account $207,433
500 Index Fund John Hancock USA DFE: Pooled Separate Account $167,806
Money Market Fund John Hancock USA DFE: Pooled Separate Account $82,543
Franklin Mutual Beacon Fund John Hancock USA DFE: Pooled Separate Account $80,918
T. Rowe Price Sci & Tech John Hancock USA DFE: Pooled Separate Account $64,724
Europacific Growth Fund John Hancock USA DFE: Pooled Separate Account $57,837
Jh Multimanager Aggressive Ls John Hancock USA DFE: Pooled Separate Account $46,523
T. Rowe Price Cap Appreciation John Hancock USA DFE: Pooled Separate Account $44,410
Blue Chip Growth Fund John Hancock USA DFE: Pooled Separate Account $44,284
Oppenheimer Developing Mkt John Hancock USA DFE: Pooled Separate Account $41,525
Ivy Asset Strategy Fund John Hancock USA DFE: Pooled Separate Account $38,668
New Perspective Fund John Hancock USA DFE: Pooled Separate Account $37,359
Dodge & Cox Stock Fund John Hancock USA DFE: Pooled Separate Account $36,874
John Hancock Disciplined Value John Hancock USA DFE: Pooled Separate Account $34,900
Intl Equity Index Fund John Hancock USA DFE: Pooled Separate Account $34,645
Income Fund of America John Hancock USA DFE: Pooled Separate Account $33,891
Science & Technology Fund John Hancock USA DFE: Pooled Separate Account $32,067
Jh Multimanager Moderate Ls John Hancock USA DFE: Pooled Separate Account $31,943
Blackrock Global Allocation John Hancock USA DFE: Pooled Separate Account $31,620
Clearbridge Aggressive Growth John Hancock USA DFE: Pooled Separate Account $31,555
Jh Multimanager Conserv Ls John Hancock USA DFE: Pooled Separate Account $27,527
Pimco All Asset All Authority John Hancock USA DFE: Pooled Separate Account $23,997
Pimco Commodity Real Return John Hancock USA DFE: Pooled Separate Account $22,396
Parnassus Core Equity Fund John Hancock USA DFE: Pooled Separate Account $19,961
Washington Mutual Investors John Hancock USA DFE: Pooled Separate Account $19,907
Jh Disciplined Value Mid Cap John Hancock USA DFE: Pooled Separate Account $19,768
The Growth Fund of America John Hancock USA DFE: Pooled Separate Account $19,486
Pgim Jennison Mid Cap Growth John Hancock USA DFE: Pooled Separate Account $19,344
Templeton Global Bond Fund John Hancock USA DFE: Pooled Separate Account $18,871
Fidelity Advisor Total Bond John Hancock USA DFE: Pooled Separate Account $18,458
Oppenheimer Global John Hancock USA DFE: Pooled Separate Account $18,051
Mutual Global Discovery John Hancock USA DFE: Pooled Separate Account $17,905
Small Cap Index Fund John Hancock USA DFE: Pooled Separate Account $17,707
Invesco Small Cap Growth John Hancock USA DFE: Pooled Separate Account $17,466
Jpmorgan Midcap Value Fund John Hancock USA DFE: Pooled Separate Account $17,417
Oppenheimer Intl Growth Fund John Hancock USA DFE: Pooled Separate Account $17,065
Smallcap World Fund John Hancock USA DFE: Pooled Separate Account $15,368
Amg Managers Fairpointe Midcap John Hancock USA DFE: Pooled Separate Account $12,945
Fidelity Adv Leveraged Co Stk John Hancock USA DFE: Pooled Separate Account $12,923
Vanguard Explorer Fund John Hancock USA DFE: Pooled Separate Account $10,690
Jh Multimanager 2030 Lifetime John Hancock USA DFE: Pooled Separate Account $10,433
Jh Multimanager 2045 Lifetime John Hancock USA DFE: Pooled Separate Account $9,793
Small Cap Value Fund John Hancock USA DFE: Pooled Separate Account $9,406
Royce Opportunity John Hancock USA DFE: Pooled Separate Account $9,255
Jh Multi-Index 2025 Preserv John Hancock USA DFE: Pooled Separate Account $9,056
New World Fund John Hancock USA DFE: Pooled Separate Account $9,046
Fidelity Adv New Insights John Hancock USA DFE: Pooled Separate Account $7,283
Small Cap Stock Fund John Hancock USA DFE: Pooled Separate Account $6,717
Jh Multi-Index 2030 Preserv John Hancock USA DFE: Pooled Separate Account $6,378
Lord Abbett Value Opps Fund John Hancock USA DFE: Pooled Separate Account $6,323
New Opportunities Fund John Hancock USA DFE: Pooled Separate Account $6,293
Pimco Real Return John Hancock USA DFE: Pooled Separate Account $6,169
Mid Cap Index Fund John Hancock USA DFE: Pooled Separate Account $6,090
Jh Multimanager 2055 Lifetime John Hancock USA DFE: Pooled Separate Account $5,683
Vanguard Energy Fund John Hancock USA DFE: Pooled Separate Account $4,858
Tocqueville Gold Fund John Hancock USA DFE: Pooled Separate Account $4,642
Jh Multimanager 2025 Lifetime John Hancock USA DFE: Pooled Separate Account $4,294
Jh Multi-Index 2045 Preserv John Hancock USA DFE: Pooled Separate Account $3,513
Jh Multimanager 2050 Lifetime John Hancock USA DFE: Pooled Separate Account $2,696
Jh Multimanager 2035 Lifetime John Hancock USA DFE: Pooled Separate Account $2,287
Jh Multimanager 2010 Lifetime John Hancock USA DFE: Pooled Separate Account $1,637
Jh Multimanager 2020 Lifetime John Hancock USA DFE: Pooled Separate Account $1,342
Real Est. Securities Fund John Hancock USA DFE: Pooled Separate Account $904
Jh Multimanager 2060 Lifetime John Hancock USA DFE: Pooled Separate Account $820
Blackrock Basic Value John Hancock USA DFE: Pooled Separate Account $617
Vanguard Value Index Fund John Hancock USA DFE: Pooled Separate Account $273
Investment Company of America John Hancock USA DFE: Pooled Separate Account $268
Victory Diversified Stock John Hancock USA DFE: Pooled Separate Account $247
Jh Multi-Index 2050 Preserv John Hancock USA DFE: Pooled Separate Account $208
T. Rowe Price New Era Fund John Hancock USA DFE: Pooled Separate Account $88
Jh Multi-Index 2040 Preserv John Hancock USA DFE: Pooled Separate Account $76
High Yield Fund John Hancock USA DFE: Pooled Separate Account $15
Dfa Emerging Markets Value John Hancock USA DFE: Pooled Separate Account $15
T. Rowe Price Health Sci John Hancock USA DFE: Pooled Separate Account $13
T. Rowe Price Equity Inc John Hancock USA DFE: Pooled Separate Account $13
Strategic Income Opp Fund John Hancock USA DFE: Pooled Separate Account $12
Mfs Emerging Markets Debt John Hancock USA DFE: Pooled Separate Account $12
Dfa Inflation-Protected Sec John Hancock USA DFE: Pooled Separate Account $9
T. Rowe Price Sml Cap Val John Hancock USA DFE: Pooled Separate Account $8
Jpmorgan U.S. Equity Fund John Hancock USA DFE: Pooled Separate Account $8
Vanguard Mid-Cap Growth Etf John Hancock USA DFE: Pooled Separate Account $5
Pimco All Asset John Hancock USA DFE: Pooled Separate Account $0
Pimco Global Bond Opps Fund John Hancock USA DFE: Pooled Separate Account $0
Jh Multimanager 2040 Lifetime John Hancock USA DFE: Pooled Separate Account $0
Natural Resources Fund John Hancock USA DFE: Pooled Separate Account $0
Total $2,077,732

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock Life Insurance Company (U.S.A.) ('John Hancock USA') 153
EIN 01-0233346
Industry Code 65838
Contract Number 15221
Contract Year 01/01/2018 — 12/31/2018
Value in General Account at Year End $21,966
Value in Separate Accounts at Year End $2,077,731
Insurance Fees and Commissions $23,904
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Thoroughbred Financial Services LLC 5110 Maryland Way, Suite 300 Brentwood, TN 37027 Agent or Broker other than Insurance $21,975 $0
Employee Benefit Services, Inc. 5110 Maryland Way, Suite 300 Brentwood, TN 37027 Third Party Administrator $0 $1,929 TPA FEES PAID & 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 Guaranteed Investment
Balance at the end of the previous year $17,557
Additions $4,442
Contributions Deposited during the year $4,418
Dividends and credits $0
Interest credited during the year $24
Transferred from separate account $0
Other $0
Total of Balance and Additions $21,999
Deductions $33
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $33
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $21,966