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FORM 5500 DATA

Horizon Discovery 401k Plan

Overview

Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan01/01/2014
  • Net Assets as of 12/31/2019 $9,126,659
  • Plan Number1
  • 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) Participants146
  • Retired or separated participants receiving benefits55
  • Other retired or separated participants entitled to future benefits20
  • Subtotal221
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total221
  • Total number of participants as of 01/01/2019233
  • Number of participants with account balances207
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested0

Expenses

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

Sponsor Information

  • Address2650 Crescent Drive
  • CityLafayette
  • StateCO
  • Zip80026
  • Telephone(720) 890-5133
  • EIN27-1857911
  • Industry Code541700
  • Named AdministratorPedro Robles

Audit Information

  • Audit StatusAudited
  • AuditorBrock and Company, CPAS, P.C.
  • Auditor EIN84-0930288
  • 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.
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? 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 $3,845,217
Contributions $2,325,364
Cash Contributions $2,325,364
Cash from Employers $805,450
Cash from Participants $1,311,339
Others (including rollovers) $208,575
Noncash Contributions $0
Total Earnings on Investments $1,519,853
Total Interest $7,765
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $6,026
Interest from Other Investments $1,739
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 $0
Net investment gain (loss) from pooled separate accounts $1,512,088
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 $601,112
Total Benefit Payments $598,039
Directly to participants or beneficiaries, including direct rollovers $598,039
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $3,073
Professional Fees $0
Contract Administrator Fees $3,073
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $3,244,105
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 $9,126,659 $5,882,554 55.15%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $0 $0 0.0%
Employer Contributions $0 $0 0.0%
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 $99,812 $86,592 15.27%
Value of interest in common/collective trusts $0 $0 0.0%
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 $8,875,237 $5,744,249 54.51%
Value of funds held in insurance co. general account $151,610 $51,713 193.18%
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 $9,126,659 $5,882,554 55.15%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

There is no information on eligible indirect compensation for this plan.

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 Retirement Advantage, Inc. Contract Administrator, Plan Administrator Third Party Administrato $0 $3,647 $3,647
Massachusetts Mutal Life Ins Co Other services, Investment management fees paid indirectly by plan, Sub-transfer agency fees, Distribution (12b-1) fees, Recordkeeping fees, Soft dollars commissions, Other investment fees and expenses, Float revenue Contract Administrator $3,073 $0 $3,073
The Retirement Advantage-Appleton Contract Administrator Third Party Admin $0 $1,600 $1,600
Daniel G Mccarthy Insurance brokerage commissions and fees Shareholder Service Prov $0 $0 $0
Richard A St Jean Insurance brokerage commissions and fees Shareholder Service Prov $0 $0 $0
Total $3,073 $5,247 $8,320

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
The Retirement Advantage-Appleon Massachusetts Mutual Life Ins Co Contract Administrator Expense Reimbursement To Third Party $1,600
The Retirement Advantage, Inc. Massachusetts Mutual Life Ins Co Contract Administrator Expense Reimbursement To Third Party $2,587
The Retirement Advantage, Inc. Massachusetts Mutual Life Ins Co Plan Administrator Expense Reimbursement To Third Party $60
*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

Name Position Explanation
Bkd, LLP Accountant Fees Charged for Services.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Sia-Ax (Mm S&P 500 Index) Massachusetts Mutual Life Ins Co DFE: Pooled Separate Account $1,113,812
Sia-K7 (Mm Retiresmart By Jpm 2030) Massachusetts Mutual Life Ins Co DFE: Pooled Separate Account $695,099
Sia-Y7 (Mm Retiresmart By Jpm 2035) Massachusetts Mutual Life Ins Co DFE: Pooled Separate Account $651,282
Sia-M2 (Mm Retiresmart By Jpm 2040) Massachusetts Mutual Life Ins Co DFE: Pooled Separate Account $560,937
Sia-Da(Select 60/40 Allocation) Massachusetts Mutual Life Ins Co DFE: Pooled Separate Account $540,408
Sia-I7 (Mm Retiresmart By Jpm 2025) Massachusetts Mutual Life Ins Co DFE: Pooled Separate Account $495,509
Sia-Z7 (Mm Retiresmart By Jpm 2045) Massachusetts Mutual Life Ins Co DFE: Pooled Separate Account $439,860
Sia-H6 (Mm Retiresmart By Jpm 2050) Massachusetts Mutual Life Ins Co DFE: Pooled Separate Account $430,945
Sia-Dm (Select 40/60 Allocation) Massachusetts Mutual Life Ins Co DFE: Pooled Separate Account $420,080
Sia-Lv (Select Equity Opps) Massachusetts Mutual Life Ins Co DFE: Pooled Separate Account $353,986
Sia-Chq (Mm Retiresmart By Jpm 2055 Massachusetts Mutual Life Ins Co DFE: Pooled Separate Account $301,041
Sia-De (Select 80/20 Allocation Massachusetts Mutual Life Ins Co DFE: Pooled Separate Account $299,558
Sia-Cbp (Mm Rsl 2000 Smcap Indx) Massachusetts Mutual Life Ins Co DFE: Pooled Separate Account $274,947
Sia-Lp (Premier Diversified Bond) Massachusetts Mutual Life Ins Co DFE: Pooled Separate Account $271,083
Sia-Ccc (Mm Msci Eafe Intl Indx) Massachusetts Mutual Life Ins Co DFE: Pooled Separate Account $255,983
Sia-Cbw (Mm S&P Mid Cap Index) Massachusetts Mutual Life Ins Co DFE: Pooled Separate Account $243,515
Sia-Ld (Sel Gr Opportunities) Massachusetts Mutual Life Ins Co DFE: Pooled Separate Account $179,698
Sia-Y3 (Prem Inflat-Prot and Incm) Massachusetts Mutual Life Ins Co DFE: Pooled Separate Account $156,278
Sia-Xj (Small Cap Value) Massachusetts Mutual Life Ins Co DFE: Pooled Separate Account $153,834
Sia-Lk (Sel Fundamental Val) Massachusetts Mutual Life Ins Co DFE: Pooled Separate Account $145,826
Sia-Ud (Intl Intrinsic Value Fd) Massachusetts Mutual Life Ins Co DFE: Pooled Separate Account $124,367
Sia-K2 (Mm Retiresmart By Jpm 2020) Massachusetts Mutual Life Ins Co DFE: Pooled Separate Account $99,314
Sia-Cdh (Mid Cap Value) Massachusetts Mutual Life Ins Co DFE: Pooled Separate Account $94,827
Sia-Ve (Balanced) Massachusetts Mutual Life Ins Co DFE: Pooled Separate Account $88,010
Sia-Pj (Mutual Global Discovery) Massachusetts Mutual Life Ins Co DFE: Pooled Separate Account $87,454
Sia-Vx (New World) Massachusetts Mutual Life Ins Co DFE: Pooled Separate Account $75,868
Sia-Cba (Atlanta Cap Smid-Cap) Massachusetts Mutual Life Ins Co DFE: Pooled Separate Account $70,545
Sia-Cfz(New Discovery) Massachusetts Mutual Life Ins Co DFE: Pooled Separate Account $54,224
Sia-Oh (Global Opps) Massachusetts Mutual Life Ins Co DFE: Pooled Separate Account $50,164
Sia-Li (Premier Int'L Equity) Massachusetts Mutual Life Ins Co DFE: Pooled Separate Account $44,312
Sia-E7(Mm Retiresmart By Jpm In Ret Massachusetts Mutual Life Ins Co DFE: Pooled Separate Account $30,295
Sia-C6 (International Bond) Massachusetts Mutual Life Ins Co DFE: Pooled Separate Account $29,368
Sia-Jh (Premier High Yield) Massachusetts Mutual Life Ins Co DFE: Pooled Separate Account $23,309
Sia-A8 (Global Strategic Income) Massachusetts Mutual Life Ins Co DFE: Pooled Separate Account $13,242
Sia-Dc (Select 20/80 Allocation) Massachusetts Mutual Life Ins Co DFE: Pooled Separate Account $10,763
Sia-Pi (Gold & Spec Minerals) Massachusetts Mutual Life Ins Co DFE: Pooled Separate Account $9,630
Sia-G (Prem U.S. Govt Money Mrkt) Massachusetts Mutual Life Insurance Company DFE: Pooled Separate Account $5,864
Total $8,895,237

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Massachusetts Mutual Life Insurance Companay 146
EIN 04-1590850
Industry Code 65935
Contract Number RM 86143-1
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $0
Value in Separate Accounts at Year End $8,875,237
Insurance Fees and Commissions $24,727
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Daniel G Mccarthy 28 Marr Rd Needham, MA 02492 Insurance Agent or Broker $18,598 $0 COMMISSIONS
Daniel Mccarthy 28 Marr Rd Needham, MA 02492 -4141 Insurance Agent or Broker $3,246 $0 COMMISSIONS
Richard A St Jean 101 Federal St Ste 800 Boston, MA 02110 Insurance Agent or Broker $2,883 $0 COMMISSIONS
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 GROUP ANNUITY CONTRACT
Balance at the end of the previous year $51,711
Additions $2,418,822
Contributions Deposited during the year $2,116,789
Dividends and credits $0
Interest credited during the year $1,739
Transferred from separate account $60,883
Other $239,411
Total of Balance and Additions $2,470,533
Deductions $2,318,924
Disbursed from fund to pay benefits or purchase annuities during the year $12,480
Administration charge made by carrier $29
Transferred to Separate Account $2,306,413
Other $2
Balance at the end of the current year $151,609