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FORM 5500 DATA

W.L. Petrey Wholesale Company, Inc. 401k Plan

Overview

Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan01/01/1998
  • Net Assets as of 12/31/2019 $7,305,111
  • Plan Number3
  • 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) Participants339
  • Retired or separated participants receiving benefits5
  • Other retired or separated participants entitled to future benefits26
  • Subtotal370
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total370
  • Total number of participants as of 01/01/2019387
  • Number of participants with account balances117
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2

Expenses

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

Sponsor Information

  • Address10345 Petrey Highway
  • CityLuverne
  • StateAL
  • Zip36049
  • Telephone(334) 230-5654
  • EIN63-0672324
  • Industry Code424400
  • Named AdministratorBrandy Jones

Audit Information

  • Audit StatusAudited
  • AuditorWarren Averett, LLC
  • Auditor EIN45-4084437
  • 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.
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.
2R Brokerage Window Participant-directed brokerage accounts provided as an investment option under the plan.
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.

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 $1,411,340
Contributions $363,254
Cash Contributions $363,254
Cash from Employers $67,755
Cash from Participants $284,550
Others (including rollovers) $10,949
Noncash Contributions $0
Total Earnings on Investments $1,048,086
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 $46,674
Preferred Stock $0
Common Stock $46,674
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 $12,144
Net investment gain (loss) from pooled separate accounts $860,198
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 $129,070
Other Income $0
Expenses $384,384
Total Benefit Payments $362,355
Directly to participants or beneficiaries, including direct rollovers $362,355
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $8,367
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $13,662
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $13,662
Other Administrative Fees $0
Net Income $1,026,956
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 $7,305,111 $6,278,155 16.36%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $68,354 $75,469 -9.43%
Employer Contributions $68,277 $69,861 -2.27%
Participant Contributions $77 $5,608 -98.63%
Other Contributions $0 $0 0.0%
General Investments $36,281 $280,648 -87.07%
Interest-bearing cash $36,281 $280,648 -87.07%
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 $414,777 $0 0.0%
Preferred $0 $0 0.0%
Common $414,777 $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 $1,253,044 $1,222,044 2.54%
Value of interest in pooled separate accounts $4,827,949 $4,082,264 18.27%
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 $704,706 $617,730 14.08%
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 $7,305,111 $6,278,155 16.36%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Transamerica Financial Life Ins 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
Plantech, LLP Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Recordkeeping fees Recordkeeper $2,272 $0 $2,272
Merrill Lynch Insurance agents and brokers, Insurance services, Insurance brokerage commissions and fees Broker $0 $1,480 $1,480
Mesirow Financial, Inc. Investment advisory (plan) Investment Advisory-Plan $1,176 $0 $1,176
Transamerica Financial Life Insuran Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Investment management fees paid indirectly by plan, Float revenue, Recordkeeping fees, Other insurance wrap fees Recordkeeper $200 $0 $200
Total $3,648 $1,480 $5,128

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Merrill Lynch Transamerica Financial Life Ins. Co Insurance agents and brokers, Insurance services, Insurance brokerage commissions and fees Commissions $1,480
*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
State Street Russell Small Cap Inde Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $804,830
American Funds Balanced Ret Acct Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $677,112
Blackrock Global Allocation Ret Acc Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $562,246
State Street S&P Mid Cap Index Ret Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $366,809
Ta Vanguard Total Stock Market Inde Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $321,990
Jpmorgan Extended Duration Ret Acct Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $255,182
American Funds Growth Fund of Ameri Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $224,543
Blackrock Equity Dividend Ret Acct Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $214,054
Pimco Real Return Ret Acct Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $195,015
Templeton Global Bond Ret Acct Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $145,561
Blackrock Health Sciences Ops Ret A Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $143,285
Fidelity Advisor New Insights Ret A Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $129,245
Virtus Ceredex Mid-Cap Value Equity Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $126,637
Jpmorgan Core Bond Ret Acct Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $105,930
Blackrock Advantage Global Ret Acct Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $105,081
Fidelity Advisor Small Cap Ret Acct Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $75,469
Ab High Income Ret Acct Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $60,702
Ta Blackrock Lifepath Index 2025 Re Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $60,380
Lord Abbett International Equity Re Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $54,043
Nuveen Small Cap Select Ret Acct Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $42,691
Ta Blackrock Lifepath Index 2040 Re Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $26,879
First Eagle Overseas Ret Acct Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $22,657
Federated Mdt Small Cap Growth Ret Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $19,432
Neuberger Berman Real Estate Ret Ac Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $16,436
Ta Blackrock Lifepath Index 2050 Re Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $15,494
Transamerica Asset Allocation - Con Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $15,443
Ivy International Core Equity Ret A Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $13,364
Ta Blackrock Lifepath Index 2045 Re Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $12,282
Ta Blackrock Lifepath Index 2030 Re Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $4,962
Ta Blackrock Lifepath Index Retirem Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $4,830
Ta Blackrock Lifepath Index 2055 Re Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $2,176
Transamerica Asset Allocation - Mod Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $1,201
Transamerica Asset Allocation - Mod Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $1,180
Ta Blackrock Lifepath Index 2035 Re Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $807
Transamerica Asset Allocation - Gro Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $0
Ta Blackrock Lifepath Index 2060 Re Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $0
Total $4,827,948

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Transamerica Financial Life Insurance Company 117
EIN 36-6071399
Industry Code 70688
Contract Number 601183-000
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $1,253,044
Value in Separate Accounts at Year End $4,827,949
Insurance Fees and Commissions $20,520
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Merrill Lynch Life Agency Inc 4804 Deer Lake Dr, E 5th Floor Jacksonville, FL 32246 Insurance Agent or Broker $17,585 $0 BROKER FEES
Plantech, LLP 2205 Cahaba Valley Dr Birmingham, AL 35242 Third Party Administrator $0 $2,935 TPA 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 STABLE VALUE OPTION
Balance at the end of the previous year $1,222,044
Additions $543,920
Contributions Deposited during the year $40,880
Dividends and credits $0
Interest credited during the year $12,144
Transferred from separate account $489,880
Other $1,016
Total of Balance and Additions $1,765,964
Deductions $512,920
Disbursed from fund to pay benefits or purchase annuities during the year $287,567
Administration charge made by carrier $0
Transferred to Separate Account $223,263
Other $2,090
Balance at the end of the current year $1,253,044