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FORM 5500 DATA

ProHealth Group, Inc. 401k Plan

Overview

Plan Information

  • Plan Year01/01/2017 — 12/31/2017
  • Date of Plan04/01/2000
  • Net Assets as of 12/31/2017 $1,745,311
  • Plan Number2
  • Plan Type Single Employer
  • Is the plan collectively bargained? No
  • Did the plan file for an extension of time or the DFVC Program?Yes
  • Report DescriptionThis is the first report filed for the plan.
  • Plan Funding ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2017

  • Active (Eligible) Participants125
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits110
  • Subtotal235
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total235
  • Total number of participants as of 01/01/2017292
  • Number of participants with account balances166
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested4

Expenses

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

Sponsor Information

  • Address717 37th Street South
  • CityBirmingham
  • StateAL
  • Zip35222
  • EIN47-5658024
  • Industry Code623000
  • Named AdministratorTerra Rickles

Audit Information

  • Audit StatusAudited
  • AuditorCarr, Riggs & Ingram, LLC
  • Auditor EIN72-1396621
  • 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.
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 $317,081
Contributions $78,269
Cash Contributions $78,269
Cash from Employers $12,774
Cash from Participants $65,495
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $238,812
Total Interest $9,457
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $2,561
Interest from Other Investments $6,896
Total Dividends $983
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 $171,015
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 $57,357
Other Income $0
Expenses $683,545
Total Benefit Payments $620,532
Directly to participants or beneficiaries, including direct rollovers $620,532
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $36,096
Interest expense $0
Total Administrative Expenses $26,917
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $259
Other Administrative Fees $26,658
Net Income $-366,464
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 $1,745,311 $2,111,775 -17.35%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $3,233 $3,326 -2.80%
Employer Contributions $503 $524 -4.01%
Participant Contributions $2,730 $2,802 -2.57%
Other Contributions $0 $0 0.0%
General Investments $0 $81,114 0.0%
Interest-bearing cash $0 $81,114 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 $43,291 $98,700 -56.14%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $1,670,357 $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 $0 $940,997 0.0%
Value of funds held in insurance co. general account $28,430 $987,638 -97.12%
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 $1,745,311 $2,111,775 -17.35%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Transamerica 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
Nationwide Recordkeeping and information management (computing, tabulating, data processing, etc.), Custodial (securities) Recordkeeper $20,551 $0 $20,551
Transamerica Life Insurance Company 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 $6,106 $0 $6,106
Mesirow Financial, Inc Investment advisory (plan) Investment Advisory-Plan $259 $0 $259
Total $26,916 $0 $26,916

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
Ta Blackrock Lifepath Index 2020 Re Transamerica Life Insurance Co. DFE: Pooled Separate Account $778,907
Ta Blackrock Lifepath Index 2035 Re Transamerica Life Insurance Co. DFE: Pooled Separate Account $196,222
Ta Blackrock Lifepath Index 2025 Re Transamerica Life Insurance Co. DFE: Pooled Separate Account $151,995
Ta Blackrock Lifepath Index 2040 Re Transamerica Life Insurance Co. DFE: Pooled Separate Account $111,127
Ta Blackrock Lifepath Index 2030 Re Transamerica Life Insurance Co. DFE: Pooled Separate Account $85,449
Ta Blackrock Lifepath Index 2050 Re Transamerica Life Insurance Co. DFE: Pooled Separate Account $70,044
Ta Blackrock Lifepath Index 2045 Re Transamerica Life Insurance Co. DFE: Pooled Separate Account $51,015
Alger Capital Appreciation Ret Opt Transamerica Life Insurance Co. DFE: Pooled Separate Account $40,222
Eaton Vance Atlanta Cap Smid Transamerica Life Insurance Co. DFE: Pooled Separate Account $38,474
American Century Mid Cap Value Ret Transamerica Life Insurance Co. DFE: Pooled Separate Account $38,001
Vanguard Total Stock Market Index R Transamerica Life Insurance Co. DFE: Pooled Separate Account $37,827
Ta Blackrock Lifepath Index 2055 Re Transamerica Life Insurance Co. DFE: Pooled Separate Account $27,486
American Funds New Perspective Ret Transamerica Life Insurance Co. DFE: Pooled Separate Account $19,349
Prudential Total Return Bond Ret Op Transamerica Life Insurance Co. DFE: Pooled Separate Account $16,819
Ta Blackrock Lifepath Index Retirem Transamerica Life Insurance Co. DFE: Pooled Separate Account $5,792
Ta Blackrock Lifepath Index 2060 Re Transamerica Life Insurance Co. DFE: Pooled Separate Account $1,132
Metropolitan West Tr Bond Transamerica Life Insurance Co. DFE: Pooled Separate Account $410
Columbia Us Government Mortgage Ret Transamerica Life Insurance Co. DFE: Pooled Separate Account $86
Ta Vanguard Target Ret 2015 Ret Opt Transamerica Life Insurance Co. DFE: Pooled Separate Account $0
Ta Vanguard Target Ret 2010 Ret Opt Transamerica Life Insurance Co. DFE: Pooled Separate Account $0
Total $1,670,357

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Nationwide Life Insurance Company 166
EIN 31-4156830
Industry Code 66869
Contract Number 496-80192
Contract Year —
Value in General Account at Year End $0
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $0
Persons Receiving Commissions and Fees There are no brokers listed for this plan.
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 $987,637
Additions $14,973
Contributions Deposited during the year $4,494
Dividends and credits $0
Interest credited during the year $6,714
Transferred from separate account $0
Other $3,765
Total of Balance and Additions $1,002,610
Deductions $1,002,610
Disbursed from fund to pay benefits or purchase annuities during the year $984,967
Administration charge made by carrier $17,313
Transferred to Separate Account $0
Other $330
Balance at the end of the current year $0
Transamerica Life Insurance Company 166
EIN 39-0989781
Industry Code 86231
Contract Number 807527
Contract Year —
Value in General Account at Year End $28,430
Value in Separate Accounts at Year End $1,670,357
Insurance Fees and Commissions $5,684
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Bbva Compass Insurance Agency Inc 15 South 20th St. Birmingham, AL 35233 $5,684 $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 $28,541
Contributions Deposited during the year $140
Dividends and credits $0
Interest credited during the year $182
Transferred from separate account $0
Other $28,219
Total of Balance and Additions $28,541
Deductions $111
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 $111
Balance at the end of the current year $28,430