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Arnold Electric Company, Inc. DBA Arnold & Blevins Electric Company, Inc.

Plan Rating
FORM 5500 DATA

Arnold Electric Company, Inc. DBA Arnold & Blevins Electric Company, Inc. Employee Savings Trust

Overview

Plan Information

  • Plan Year01/01/2017 — 12/31/2017
  • Date of Plan01/01/1996
  • Net Assets as of 12/31/2017 $2,433,507
  • Plan Number1
  • Plan Type Multiple 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 12/31/2017

  • Active (Eligible) Participants144
  • Retired or separated participants receiving benefits2
  • Other retired or separated participants entitled to future benefits8
  • Subtotal154
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total154
  • Total number of participants as of 01/01/2017155
  • Number of participants with account balances95
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested5

Expenses

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

Sponsor Information

  • Address3716 Harold St
  • CityNorth Little Rock
  • StateAR
  • Zip72118
  • Telephone(501) 758-6565
  • EIN71-0449964
  • Industry Code238210

Audit Information

  • Audit StatusAudited
  • AuditorHogantaylor LLP
  • Auditor EIN73-1413977
  • 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.
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.
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? Yes $41,757
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 $300,000
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 $684,793
Contributions $311,279
Cash Contributions $311,279
Cash from Employers $53,589
Cash from Participants $257,669
Others (including rollovers) $21
Noncash Contributions $0
Total Earnings on Investments $373,514
Total Interest $218
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $218
Interest from Other Investments $0
Total Dividends $10,765
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 $142,176
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 $220,355
Other Income $0
Expenses $37,605
Total Benefit Payments $26,756
Directly to participants or beneficiaries, including direct rollovers $26,756
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 $10,849
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $10,849
Net Income $647,188
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 $2,433,507 $1,786,319 36.23%
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 $2,185 $58,810 -96.28%
Interest-bearing cash $2,185 $58,810 -96.28%
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 $4,664 $276 1589.86%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $2,426,658 $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 $1,727,233 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 $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 $2,433,507 $1,786,319 36.23%

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
Wilshire Associates Inc. Investment advisory (participants) Ria - Ri -Ia $190 $0 $190
John Hancock Life Insurance Company Recordkeeping and information management (computing, tabulating, data processing, etc.), Investment management, Sub-transfer agency fees, Float revenue, Distribution (12b-1) fees, Other insurance wrap fees, Soft dollars commissions Recordkeeper $45 $0 $45
Total $235 $0 $235

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

Name Position Explanation
Jpms Cox, PLLC Auditor Jpms Cox, Pllc Merged With Hogantaylor LLP

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
American Funds 2030 Td John Hancock USA DFE: Pooled Separate Account $758,536
American Funds 2035 Td John Hancock USA DFE: Pooled Separate Account $672,289
American Funds 2025 Td John Hancock USA DFE: Pooled Separate Account $262,630
American Funds 2040 Td John Hancock USA DFE: Pooled Separate Account $164,435
American Funds 2050 Td John Hancock USA DFE: Pooled Separate Account $139,288
American Funds 2020 Td John Hancock USA DFE: Pooled Separate Account $119,753
American Funds 2045 Td John Hancock USA DFE: Pooled Separate Account $110,133
American Funds 2055 Td John Hancock USA DFE: Pooled Separate Account $101,175
American Funds 2060 Td John Hancock USA DFE: Pooled Separate Account $72,797
John Hancock Disciplined Value John Hancock USA DFE: Pooled Separate Account $6,630
Invesco Small Cap Growth John Hancock USA DFE: Pooled Separate Account $6,204
Dfa U.S. Small Cap Fund John Hancock USA DFE: Pooled Separate Account $3,734
Europacific Growth Fund John Hancock USA DFE: Pooled Separate Account $3,510
Investment Company of America John Hancock USA DFE: Pooled Separate Account $2,400
Dfa Emerging Markets Value John Hancock USA DFE: Pooled Separate Account $2,386
Vanguard Small Cap Value Index John Hancock USA DFE: Pooled Separate Account $362
American Balanced Fund John Hancock USA DFE: Pooled Separate Account $179
Us Government Securities John Hancock USA DFE: Pooled Separate Account $114
American Century Heritage John Hancock USA DFE: Pooled Separate Account $102
Capital World Growth & Income John Hancock USA DFE: Pooled Separate Account $0
Total $2,426,657

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock Life Insurance Company (U.S.A.) (John Hancock USA) 101
EIN 01-0233346
Industry Code 65838
Contract Number 130169
Contract Year 07/27/2017 — 12/31/2017
Value in General Account at Year End $0
Value in Separate Accounts at Year End $2,426,657
Insurance Fees and Commissions $9,319
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Werntz & Associates, Inc. 650 S. Shackleford Ste 210 Little Rock, AR 72211 Third Party Administrator $0 $6,158 TPA COMPENSATION
Merrill Lynch Life Agy 1400 Merrill Lynch Drive Pennington, NJ 08534 -4136 Insurance Agent or Broker $3,161 $0 BROKER COMMISSION
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