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FORM 5500 DATA

Stagwell 401k Plan

Overview

Plan Information

  • Plan Year01/01/2017 — 12/31/2017
  • Date of Plan01/01/2016
  • Net Assets as of 12/31/2017 $36,375,115
  • Plan Number1
  • Plan Type Multiple Employer
  • Is the plan collectively bargained? No
  • Did the plan file for an extension of time or the DFVC Program?Yes
  • Report Description This is an amended report.
  • Plan Funding ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2017

  • Active (Eligible) Participants1,049
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits132
  • Subtotal1,181
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total1,181
  • Total number of participants as of 01/01/2017338
  • Number of participants with account balances707
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested16

Expenses

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

Sponsor Information

  • Address5780 W. Jefferson Blvd.
  • CityLos Angeles
  • StateCA
  • Zip90016-3107
  • Telephone(323) 406-6078
  • EIN47-2913060
  • Industry Code541910
  • Named AdministratorMichael Jacobson
  • Named Plan SponsorMichael Jacobson

Audit Information

  • Audit StatusAudited
  • AuditorSgc & Associates LLP
  • Auditor EIN27-0299423
  • 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.
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 $215,954
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 $7,270,810
Contributions $3,866,725
Cash Contributions $3,866,725
Cash from Employers $372,662
Cash from Participants $2,877,973
Others (including rollovers) $616,090
Noncash Contributions $0
Total Earnings on Investments $3,411,148
Total Interest $18,333
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $12,330
Interest from Other Investments $6,003
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 $2,660,163
Net investment gain (loss) from pooled separate accounts $732,652
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 $-7,063
Expenses $2,922,402
Total Benefit Payments $2,883,036
Directly to participants or beneficiaries, including direct rollovers $2,882,606
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $430
Corrective Distributions $1,310
Certain deemed distributions of participant loans $7,957
Interest expense $0
Total Administrative Expenses $30,099
Professional Fees $22,944
Contract Administrator Fees $7,155
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $4,348,408
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2017 12/31/2016 Change YOY
Total Assets $36,375,115 $10,568,343 244.19%
Total noninterest-bearing cash $4,964,945 $0 0.0%
Receivables $235,022 $0 0.0%
Employer Contributions $21,673 $0 0.0%
Participant Contributions $213,349 $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 $204,064 $235,686 -13.42%
Value of interest in common/collective trusts $25,180,448 $7,010,366 259.19%
Value of interest in pooled separate accounts $5,274,380 $2,778,528 89.83%
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 $516,256 $543,763 -5.06%
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 $36,375,115 $10,568,343 244.19%

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
Mml Insurance Agency LLC Other services, Other commissions Other Services $0 $28,442 $28,442
Sgc & Associates LLP Accounting (including auditing), Direct payment from the plan Accountant $22,944 $0 $22,944
Principal Life Insurance Company Contract Administrator, Participant loan processing, Direct payment from the plan, Recordkeeping fees Contract Administrator $7,155 $0 $7,155
Msi Financial Services Inc Other services, Other commissions Other Services $0 $4,728 $4,728
Wilshire Associates Incorporated Investment advisory (plan), Other investment fees and expenses Investment Advisory $0 $0 $0
Total $30,099 $33,170 $63,269

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Mml Insurance Agency LLC Principal Life Insurance Company Other services, Other commissions Commissions $28,442
Msi Financial Services Inc Principal Life Insurance Company Other services, Other commissions Commissions $4,728
Wilshire Associates Incorporated Stagwell Media LLC Investment advisory (plan), Other investment fees and expenses 1 Basis Point Annually On Total Plan Assets In Wilshire's 3(21) Investment Fiduciary Service Per Client's Signed Agreement With Wilshire. $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

Name of Investment Investment Manager Type of Investment Dollar Value
Prin Lifetime Hybr 2040 Cit R5 Principal Global Investors Trust Co DFE: Common/Collective Trust $4,482,463
Prin Lifetime Hybr 2035 Cit R5 Principal Global Investors Trust Co DFE: Common/Collective Trust $4,201,811
Prin Lifetime Hybr 2025 Cit R5 Principal Global Investors Trust Co DFE: Common/Collective Trust $3,789,860
Prin Lifetime Hybr 2030 Cit R5 Principal Global Investors Trust Co DFE: Common/Collective Trust $3,552,084
Prin Lifetime Hybr 2045 Cit R5 Principal Global Investors Trust Co DFE: Common/Collective Trust $3,549,522
Prin Lifetime Hybr 2050 Cit R5 Principal Global Investors Trust Co DFE: Common/Collective Trust $2,255,021
Prin Lgcap S&P 500 Index Sa-R5 Principal Life Insurance Company DFE: Pooled Separate Account $1,788,777
Prin Lifetime Hybr 2020 Cit R5 Principal Global Investors Trust Co DFE: Common/Collective Trust $1,381,737
Prin Lifetime Hybr 2055 Cit R5 Principal Global Investors Trust Co DFE: Common/Collective Trust $1,287,146
Prin Midcap S&P 400 Idx Sa-R5 Principal Life Insurance Company DFE: Pooled Separate Account $539,704
Prin Smcap S&P 600 Index Sa-R5 Principal Life Insurance Company DFE: Pooled Separate Account $526,793
Prin Largecap Growth I Sa-R5 Principal Life Insurance Company DFE: Pooled Separate Account $493,648
Prin Lifetime Hybr 2015 Cit R5 Principal Global Investors Trust Co DFE: Common/Collective Trust $463,071
Principal Bond Mkt Index Sa-R5 Principal Life Insurance Company DFE: Pooled Separate Account $293,480
Prin Midcap Growth Sep Acct-R5 Principal Life Insurance Company DFE: Pooled Separate Account $247,426
Prin High Yield Sep Acct-R5 Principal Life Insurance Company DFE: Pooled Separate Account $225,395
Prin Intl Equity Index Sa-R5 Principal Life Insurance Company DFE: Pooled Separate Account $209,224
Prin Intl Emerg Markets Sa-R5 Principal Life Insurance Company DFE: Pooled Separate Account $202,629
Prin Midcap Value III Sa-R5 Principal Life Insurance Company DFE: Pooled Separate Account $164,720
Prin Equity Income Sa-R5 Principal Life Insurance Company DFE: Pooled Separate Account $149,976
Prin Real Estate Secs Sa-R5 Principal Life Insurance Company DFE: Pooled Separate Account $149,504
Prin Lifetime Hybr Inc Cit R5 Principal Global Investors Trust Co DFE: Common/Collective Trust $121,244
Prin Intl I Separate Acct-R5 Principal Life Insurance Company DFE: Pooled Separate Account $110,628
Prin Smallcap Growth I Sa-R5 Principal Life Insurance Company DFE: Pooled Separate Account $102,445
Prin Lifetime Hybr 2060 Cit R5 Principal Global Investors Trust Co DFE: Common/Collective Trust $96,488
Prin Income Sep Acct-R5 Principal Life Insurance Company DFE: Pooled Separate Account $54,096
Prin Smallcap Value II Sa-R5 Principal Life Insurance Company DFE: Pooled Separate Account $15,936
Total $30,454,828

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Principal Life Insurance Company 1,181
EIN 42-0127290
Industry Code 61271
Contract Number 613953
Contract Year 01/01/2017 — 12/31/2017
Value in General Account at Year End $0
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $1,045
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Mml Insurance Agency LLC Attn Commissions Boston, MA 02266 -8089 Insurance Agent or Broker $696 $0
Msi Financial Services Inc 11215 N Community House Charlotte, NC 28277 -4435 Insurance Agent or Broker $349 $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
Type of Contract CUSTODIAL GUARANTEED INTEREST CONTRACT
Balance at the end of the previous year $543,763
Additions $98,780
Contributions Deposited during the year $11,772
Dividends and credits $0
Interest credited during the year $6,003
Transferred from separate account $0
Other $81,005
Total of Balance and Additions $642,543
Deductions $126,287
Disbursed from fund to pay benefits or purchase annuities during the year $125,797
Administration charge made by carrier $252
Transferred to Separate Account $0
Other $238
Balance at the end of the current year $516,256
Principal Life Insurance Company 1,181
EIN 42-0127290
Industry Code 61271
Contract Number 812700
Contract Year 01/01/2017 — 12/31/2017
Value in General Account at Year End $0
Value in Separate Accounts at Year End $5,274,380
Insurance Fees and Commissions $8,088
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Mml Insurance Agency LLC Attn Commissions Boston, MA 02266 -8089 Insurance Agent or Broker $6,237 $0
Msi Financial Services Inc 11215 N Community House Charlotte, NC 28277 -4435 Insurance Agent or Broker $1,851 $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
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