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AltaGas Services (U.S.) Inc. 401k Plan


Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan01/01/1986
  • Net Assets as of 12/31/2019 $174,660,765
  • Plan Number6
  • Plan Type Single Employer
  • Is the plan collectively bargained?Yes
  • Did the plan file for an extension of time or the DFVC Program?Yes
  • Plan Funding Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2019

  • Active (Eligible) Participants643
  • Retired or separated participants receiving benefits3
  • Other retired or separated participants entitled to future benefits308
  • Subtotal954
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits7
  • Total961
  • Total number of participants as of 01/01/2019939
  • Number of participants with account balances905
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested21


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

Sponsor Information

  • Address1411 Third Street, Suite A
  • CityPort Huron
  • StateMI
  • Zip48060
  • Telephone(810) 987-2200
  • EIN81-0540879
  • Industry Code551112
  • Named AdministratorMark A Moses

Plan Administrator Information

  • Administrator NameSemco Energy, Inc.
  • Address1411 Third Street, Suite A
  • CityPort Huron
  • StateMI
  • Zip48060
  • Telephone(810) 987-2200
  • Administrator EIN38-2144267

Audit Information

  • Audit StatusAudited
  • AuditorBdo USA, LLP
  • Auditor EIN13-5381590
  • 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.
2R Brokerage Window Participant-directed brokerage accounts provided as an investment option under the plan.
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 $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? Yes
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? Yes


Income and Expense Statement

Income $40,798,404
Contributions $10,654,515
Cash Contributions $10,654,515
Cash from Employers $3,877,011
Cash from Participants $5,906,698
Others (including rollovers) $870,806
Noncash Contributions $0
Total Earnings on Investments $30,086,163
Total Interest $140,828
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $136,106
Interest from Other Investments $4,722
Total Dividends $56,767
Preferred Stock $0
Common Stock $0
Rents $0
Net gain (loss) on sale of assets $-46,828
Aggregate Proceeds $1,849,229
Aggregate Carrying Amount $1,896,057
Total Unrealized Appreciation (depreciation) of assets $487,019
Real Estate $0
Other $487,019
Net investment gain (loss) from common/collective trusts $1,281,032
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 $28,167,345
Other Income $57,726
Expenses $10,361,911
Total Benefit Payments $10,351,579
Directly to participants or beneficiaries, including direct rollovers $10,351,579
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $3,683
Interest expense $0
Total Administrative Expenses $6,649
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $6,649
Net Income $30,436,493
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 $174,660,765 $144,224,272 21.10%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $183,295 $197,932 -7.39%
Employer Contributions $183,295 $197,932 -7.39%
Participant Contributions $0 $0 0.0%
Other Contributions $0 $0 0.0%
General Investments $46,910 $15,384 204.93%
Interest-bearing cash $46,910 $15,384 204.93%
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 $2,335,407 $2,557,302 -8.68%
Value of interest in common/collective trusts $21,413,891 $21,737,853 -1.49%
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 $147,290,703 $116,884,622 26.01%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $3,390,559 $2,831,179 19.76%
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 $174,660,765 $144,224,272 21.10%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • T Rowe Price
  • Pimco Investments LLC
  • Fidelity Puritan Trust
  • Vanguard Index Funds
  • Vanguard Fixed Income Securities Fd
  • Oppenheimer International Growth Fd
  • Europacific Growth Fund
  • Blackrock Index Funds, Inc.
  • Aim Investment Funds
  • Franklin Strategic Series

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
T Rowe Price Trustee (bank, trust company, or similar financial institution), Participant loan processing, Securities brokerage commissions and fees Directed Trustee $5,090 $0 $5,090
Charles Schwab & Co., Inc. Securities brokerage Securities Broker $1,540 $0 $1,540
Total $6,630 $0 $6,630

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.



Name of Investment Investment Manager Type of Investment Dollar Value
Trp Trust Co. Stable Value Fund T Rowe Price Trust Company DFE: Common/Collective Trust $21,413,891
Total $21,413,891

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.