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FORM 5500 DATA

MCG U.S. Holdings, Inc. 401k Plan

Overview

Plan Information

  • Plan Year01/01/2015 — 12/31/2015
  • Date of Plan02/01/2001
  • Net Assets as of 12/31/2015 $94,268,518
  • Plan Number4
  • 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 12/31/2015

  • Active (Eligible) Participants451
  • Retired or separated participants receiving benefits78
  • Other retired or separated participants entitled to future benefits295
  • Subtotal824
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total824
  • Total number of participants as of 01/01/2015805
  • Number of participants with account balances772
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested66

Expenses

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

Sponsor Information

  • Address1355 Peachtree Street NE, Suite 700
  • CityAtlanta
  • StateGA
  • Zip30309
  • Telephone(404) 260-0600
  • EIN65-0015315
  • Industry Code541600
  • Named AdministratorMelanie Williamson

Audit Information

  • Audit StatusAudited
  • AuditorWindham Brannon
  • Auditor EIN58-1763439
  • 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.
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 $7,500,000
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 $10,221,694
Contributions $10,971,109
Cash Contributions $10,971,109
Cash from Employers $4,696,748
Cash from Participants $4,685,199
Others (including rollovers) $1,589,162
Noncash Contributions $0
Total Earnings on Investments $-749,415
Total Interest $29,690
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $29,690
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 $25,350
Net investment gain (loss) from pooled separate accounts $-804,455
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 $0
Expenses $11,299,582
Total Benefit Payments $11,171,246
Directly to participants or beneficiaries, including direct rollovers $11,171,246
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $366
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $127,970
Professional Fees $0
Contract Administrator Fees $127,970
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $-1,077,888
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2015 12/31/2014 Change YOY
Total Assets $94,268,518 $95,415,256 -1.20%
Total noninterest-bearing cash $261,595 $139,406 87.65%
Receivables $2,500,234 $2,640,424 -5.31%
Employer Contributions $2,500,234 $2,640,424 -5.31%
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 $749,955 $601,363 24.71%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $90,756,734 $92,034,063 -1.39%
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 $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 $68,850 -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 $68,850 -100.00%
Net Assets $94,268,518 $95,346,406 -1.13%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • John Hancock USA

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
The Pension Studio Recordkeeping and information management (computing, tabulating, data processing, etc.), Direct payment from the plan N/A $61,107 $0 $61,107
Windham Brannon Accounting (including auditing) N/A $11,600 $0 $11,600
John Hancock Recordkeeping and information management (computing, tabulating, data processing, etc.), Investment management, Shareholder servicing fees, Sub-transfer agency fees, Float revenue, Distribution (12b-1) fees, Soft dollars commissions N/A $1,558 $0 $1,558
Total $74,265 $0 $74,265

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 Ret To 2035 Managed Port John Hancock USA DFE: Pooled Separate Account $10,461,380
Jh Ret To 2030 Managed Port John Hancock USA DFE: Pooled Separate Account $10,082,154
Jh Ret To 2020 Managed Port John Hancock USA DFE: Pooled Separate Account $8,218,903
Jh Ret To 2040 Managed Port John Hancock USA DFE: Pooled Separate Account $7,461,078
Jh Ret To 2025 Managed Port John Hancock USA DFE: Pooled Separate Account $6,887,478
500 Index Fund John Hancock USA DFE: Pooled Separate Account $5,917,087
Jh Ret To 2050 Managed Port John Hancock USA DFE: Pooled Separate Account $3,849,146
Jh Ret To 2045 Managed Port John Hancock USA DFE: Pooled Separate Account $3,721,893
T. Rowe Price Cap Appreciation John Hancock USA DFE: Pooled Separate Account $2,908,741
Capital Appreciation Fund John Hancock USA DFE: Pooled Separate Account $2,843,683
John Hancock Disciplined Value John Hancock USA DFE: Pooled Separate Account $2,682,125
Jh Ret To 2015 Managed Port John Hancock USA DFE: Pooled Separate Account $2,220,748
John Hancock Stable Val John Hancock USA DFE: Pooled Separate Account $2,065,493
Vanguard Small Cap Grow Index John Hancock USA DFE: Pooled Separate Account $1,981,551
Mid Cap Index Fund John Hancock USA DFE: Pooled Separate Account $1,892,336
Franklin Small-Mid Growth John Hancock USA DFE: Pooled Separate Account $1,722,856
Europacific Growth Fund John Hancock USA DFE: Pooled Separate Account $1,352,730
Science & Technology Fund John Hancock USA DFE: Pooled Separate Account $1,286,408
Mid Value Fund John Hancock USA DFE: Pooled Separate Account $1,286,369
Federated High Yield Bond John Hancock USA DFE: Pooled Separate Account $1,196,324
Small Cap Value Fund John Hancock USA DFE: Pooled Separate Account $1,171,004
Oppenheimer Global John Hancock USA DFE: Pooled Separate Account $1,118,974
Core Bond Fund John Hancock USA DFE: Pooled Separate Account $1,099,812
Dfa U.S. Small Cap Fund John Hancock USA DFE: Pooled Separate Account $1,044,618
International Value Fund John Hancock USA DFE: Pooled Separate Account $923,318
Lord Abbett Value Opps Fund John Hancock USA DFE: Pooled Separate Account $921,457
Jh Ret To 2010 Managed Port John Hancock USA DFE: Pooled Separate Account $876,839
Total Bond Market Fund John Hancock USA DFE: Pooled Separate Account $824,946
Intl Equity Index Fund John Hancock USA DFE: Pooled Separate Account $717,464
Jh Ret To 2055 Managed Port John Hancock USA DFE: Pooled Separate Account $646,784
Dfa Us Targeted Value Fund John Hancock USA DFE: Pooled Separate Account $552,714
Small Cap Index Fund John Hancock USA DFE: Pooled Separate Account $438,215
Massachusetts Investors Fund John Hancock USA DFE: Pooled Separate Account $382,108
Total $90,756,736

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock Life Insurance Company USA 625
EIN 01-0233346
Industry Code 65838
Contract Number 103905
Contract Year 01/01/2015 — 12/31/2015
Value in General Account at Year End $0
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $153,414
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Thrivent Insurance Agency Inc Agent or Broker other than Insurance $80,605 $0 BROKER COMMISSIONS
The Pension Studio 1226 Omar Road West Palm Beach, FL 33405 Third Party Administrator $0 $72,809 TPA COMPENSATION AND OTHER ALLOWANCES
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
John Hancock Life Insurance Company USA 129
EIN 01-0233346
Industry Code 65838
Contract Number 106612
Contract Year 01/01/2015 — 12/31/2015
Value in General Account at Year End $0
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $20,021
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Thrivent Insurance Agency Inc Agent or Broker other than Insurance $13,311 $0 BROKER COMMISSIONS
The Pension Studio 1226 Omar Road West Palm Beach, FL 33405 Third Party Administrator $0 $6,710 TPA COMPENSATION AND OTHER ALLOWANCES
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