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Overview

Plan Information

  • Plan Year01/01/2008 — 12/31/2008
  • Date of Plan12/16/2006
  • Net Assets as of 12/31/2008 $5,279,432
  • 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? No
  • Plan Funding ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2008

  • Active (Eligible) Participants125
  • Retired or separated participants receiving benefits4
  • Other retired or separated participants entitled to future benefits52
  • Subtotal181
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total181
  • Total number of participants as of 01/01/2008170
  • Number of participants with account balances166
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested0
  • Number of participants required to be reported on Schedule SSA10

Expenses

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

Sponsor Information

  • Address4651 Charlotte Park Drive, Ste. 440
  • CityCharlotte
  • StateNC
  • Zip28217-1549
  • Telephone(704) 529-3115
  • EIN01-0780018
  • Industry Code531390
  • Named AdministratorKathleen D. Rupar
  • Named Plan SponsorThomas J. Nash

Plan Administrator Information

  • Administrator NameSAME
  • Administrator EIN

Plan Preparer Information

  • Preparer NameEjreynolds, Inc.
  • Address9050 Pines Boulevard, Suite 110
  • City Pembroke Pines
  • StateFL
  • Zip33024-6461
  • Telephone(954) 431-1774
  • Preparer EIN59-2265857

Audit Information

  • Audit StatusAudited
  • AuditorBarnes & Associates, CPAS, Pa
  • Auditor EIN59-1744054
  • 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.
2R Brokerage Window Participant-directed brokerage accounts provided as an investment option under the plan.
3E Prototype plan A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion or notification letter; and under which a separate funding medium (for example, a separate trust or custodial account) is established for the use of each adopting employer.

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 $590,000
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

Financials

Income and Expense Statement

Income $-1,025,729
Contributions $1,287,350
Cash Contributions $1,287,350
Cash from Employers $353,709
Cash from Participants $797,551
Others (including rollovers) $136,090
Noncash Contributions $0
Total Earnings on Investments $-2,313,079
Total Interest $7,467
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $7,467
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 $0
Net investment gain (loss) from pooled separate accounts $-2,293,857
Net investment gain (loss) from master trust investment accounts $0
Net investment gain (loss) from 103-12 investment entities $-26,689
Net investment gain (loss) from registered investment companies $0
Other Income $0
Expenses $386,516
Total Benefit Payments $385,656
Directly to participants or beneficiaries, including direct rollovers $385,656
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 $860
Professional Fees $0
Contract Administrator Fees $266
Investment Advisory and management fees $494
Other Administrative Fees $100
Net Income $-1,412,245
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2008 12/31/2007 Change YOY
Total Assets $5,279,432 $6,691,677 -21.10%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $21,289 $14,150 50.45%
Employer Contributions $21,289 $14,150 50.45%
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 $121,200 $112,676 7.57%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $5,099,009 $6,545,016 -22.09%
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 $37,934 $19,835 91.25%
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 $5,279,432 $6,691,677 -21.10%

Service Providers

Service Providers

There are no service providers listed for this plan.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Lifestyle Balanced John Hancock Financial DFE: Pooled Separate Account $1,617,530
Lifestyle Growth John Hancock Financial DFE: Pooled Separate Account $1,065,407
John Hancock Stable Val John Hancock Financial DFE: Pooled Separate Account $559,399
Lifestyle Aggressive John Hancock Financial DFE: Pooled Separate Account $342,944
Lifestyle Moderate John Hancock Financial DFE: Pooled Separate Account $214,342
Lifestyle Conservative John Hancock Financial DFE: Pooled Separate Account $210,837
Total Bond Market Fund John Hancock Financial DFE: Pooled Separate Account $136,962
Total Return Fund (Vs) John Hancock Financial DFE: Pooled Separate Account $88,843
Active Bond Fund John Hancock Financial DFE: Pooled Separate Account $85,494
Pimco Global Bond John Hancock Financial DFE: Pooled Separate Account $77,240
American Funds Growth Fund John Hancock Financial DFE: Pooled Separate Account $72,095
Real Return Bond Fund John Hancock Financial DFE: Pooled Separate Account $54,971
T. Rowe Price Blue Chip John Hancock Financial DFE: Pooled Separate Account $50,561
Energy John Hancock Financial DFE: Pooled Separate Account $39,745
Global Bond Fund John Hancock Financial DFE: Pooled Separate Account $36,057
American Funds Europacific John Hancock Financial DFE: Pooled Separate Account $32,827
Mid Cap Value Fund John Hancock Financial DFE: Pooled Separate Account $24,933
Small Cap Growth Fund John Hancock Financial DFE: Pooled Separate Account $22,736
Small Cap Opportunities Fund John Hancock Financial DFE: Pooled Separate Account $22,079
Mid Cap Stock Fund John Hancock Financial DFE: Pooled Separate Account $19,965
Pimco Total Return John Hancock Financial DFE: Pooled Separate Account $19,621
Intl Equity Index Fun John Hancock Financial DFE: Pooled Separate Account $18,857
Intl Small Cap Fund John Hancock Financial DFE: Pooled Separate Account $17,103
Templeton World John Hancock Financial DFE: Pooled Separate Account $16,508
Natural Resources Fund John Hancock Financial DFE: Pooled Separate Account $16,480
Pimco Real Return John Hancock Financial DFE: Pooled Separate Account $16,376
Davis New York Venture John Hancock Financial DFE: Pooled Separate Account $13,897
500 Index Fund John Hancock Financial DFE: Pooled Separate Account $13,827
American Century Vista John Hancock Financial DFE: Pooled Separate Account $13,429
International Value Fund John Hancock Financial DFE: Pooled Separate Account $13,243
Royce Opportunity John Hancock Financial DFE: Pooled Separate Account $11,088
Oppenheimer Global John Hancock Financial DFE: Pooled Separate Account $10,038
T. Rowe Price Equity Income John Hancock Financial DFE: Pooled Separate Account $9,925
Columbia Marsico Intl Opps John Hancock Financial DFE: Pooled Separate Account $9,817
Mfs Utilities John Hancock Financial DFE: Pooled Separate Account $9,684
Davis Financial John Hancock Financial DFE: Pooled Separate Account $8,792
Riversource Mid Cap Value John Hancock Financial DFE: Pooled Separate Account $6,554
Ubs U.S. Large Cap Equity John Hancock Financial DFE: Pooled Separate Account $6,200
Dws Rreef Real Estate John Hancock Financial DFE: Pooled Separate Account $5,652
Total Stock Market Index Fund John Hancock Financial DFE: Pooled Separate Account $5,475
T. Rowe Price Health Science John Hancock Financial DFE: Pooled Separate Account $5,462
Blue Chip Growth Fund John Hancock Financial DFE: Pooled Separate Account $5,190
Legg Mason Value John Hancock Financial DFE: Pooled Separate Account $4,934
Pimco All Asset John Hancock Financial DFE: Pooled Separate Account $4,734
John Hancock Strategic Inc. John Hancock Financial DFE: Pooled Separate Account $4,718
Legg Partners Agg Growth John Hancock Financial DFE: Pooled Separate Account $4,470
Strategic Income Fund John Hancock Financial DFE: Pooled Separate Account $4,175
American Funds Balanced Fund John Hancock Financial DFE: Pooled Separate Account $4,149
International Opps Fund (Vs) John Hancock Financial DFE: Pooled Separate Account $3,929
Lm Partners Global High Yield John Hancock Financial DFE: Pooled Separate Account $3,836
Mutual Discovery John Hancock Financial DFE: Pooled Separate Account $3,659
Mutual Beacon John Hancock Financial DFE: Pooled Separate Account $3,540
Allianz Rcm Tech Fund John Hancock Financial DFE: Pooled Separate Account $3,215
Af Investment Company of America John Hancock Financial DFE: Pooled Separate Account $3,077
All Cap Growth Fund John Hancock Financial DFE: Pooled Separate Account $2,939
International Core Fund John Hancock Financial DFE: Pooled Separate Account $2,921
Utilities Fund John Hancock Financial DFE: Pooled Separate Account $2,881
Pacific Rim Fund John Hancock Financial DFE: Pooled Separate Account $2,804
Mid Cap Index Fund John Hancock Financial DFE: Pooled Separate Account $2,801
All Cap Value Fund John Hancock Financial DFE: Pooled Separate Account $2,582
Excelsior Value & Restruct John Hancock Financial DFE: Pooled Separate Account $1,178
Fundamental Value Fund John Hancock Financial DFE: Pooled Separate Account $1,024
Small Cap Value Fund John Hancock Financial DFE: Pooled Separate Account $677
U.S. Large Cap Fund John Hancock Financial DFE: Pooled Separate Account $633
Real Estate Securities Fund John Hancock Financial DFE: Pooled Separate Account $398
T. Rowe Price Spectrum Inc. John Hancock Financial DFE: Pooled Separate Account $279
Classic Value Fund John Hancock Financial DFE: Pooled Separate Account $256
Blackrock Large Cap Value John Hancock Financial DFE: Pooled Separate Account $208
Lifecycle 2045 John Hancock Financial DFE: Pooled Separate Account $181
Legg Mason Growth John Hancock Financial DFE: Pooled Separate Account $143
Large Cap Value Fund John Hancock Financial DFE: Pooled Separate Account $123
Small Cap Index Fund John Hancock Financial DFE: Pooled Separate Account $113
T. Rowe Price Sci & Tech John Hancock Financial DFE: Pooled Separate Account $112
American Funds Washington Mutual John Hancock Financial DFE: Pooled Separate Account $105
U.S. High Yield Bond Fund John Hancock Financial DFE: Pooled Separate Account $15
Optimized All Cap Fund John Hancock Financial DFE: Pooled Separate Account $10
Mid Value Fund John Hancock Financial DFE: Pooled Separate Account $6
Dws Mid Cap Growth John Hancock Financial DFE: Pooled Separate Account $0
Munder Small Cap Value John Hancock Financial DFE: Pooled Separate Account $0
Lord Abbett All Value John Hancock Financial DFE: Pooled Separate Account $0
Small Cap Fund John Hancock Financial DFE: Pooled Separate Account $0
Weitz Partners Value John Hancock Financial DFE: Pooled Separate Account $0
Fidelity Advisor Dividend Growth John Hancock Financial DFE: Pooled Separate Account $0
Templeton Foreign Small Co John Hancock Financial DFE: Pooled Separate Account $0
Aim Constellation John Hancock Financial DFE: Pooled Separate Account $0
Small Cap John Hancock Financial DFE: Pooled Separate Account $0
Overseas Equity Fund John Hancock Financial DFE: Pooled Separate Account $0
Equity Income Fund John Hancock Financial DFE: Pooled Separate Account $0
Optimized Value Fund John Hancock Financial DFE: Pooled Separate Account $0
Quantitative Mid Cap Fund John Hancock Financial DFE: Pooled Separate Account $0
U.S. Core Fund John Hancock Financial DFE: Pooled Separate Account $0
Science & Technology Fund John Hancock Financial DFE: Pooled Separate Account $0
Total $5,099,010

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock USA 167
EIN 01-0233346
Industry Code 65838
Contract Number 58678
Contract Year 01/01/2008 — 12/31/2008
Value in General Account at Year End $0
Value in Separate Accounts at Year End $5,099,009
Insurance Fees and Commissions $29,625
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Signator Insurance Agency, Inc. 7284 Palmetto Park, Suite 106S Boca Raton, FL 33433 Insurance Agent or Broker $19,614 $0
Intersecurities, Inc Insurance Agent or Broker $6,395 $0
Ejreynolds, Inc. 9050 Pines Blvd., Suite 110 Pambroke Pines, FL 33024 -6461 Other $0 $3,022 CONTRACT MANAGEMENT ASSISTANCE
Dws Investments Service Co. Investment Company/Mutual Fund $0 $476 REDEMPTION FEE
Ejreynolds, Inc. 9050 Pines Boulevard, Suite 110 Pembroke Pines, FL 33024 -6461 Third Party Administrator $0 $100 TPA FEES
Vanguard Group, Inc. Investment Company/Mutual Fund $0 $8 REDEMPTION FEE
Ubs Global Asset Management Investment Company/Mutual Fund $0 $7 REDEMPTION FEE
Pacific Investment Management Co. Investment Company/Mutual Fund $0 $3 REDEMPTION FEE
Allocated Funds
Type of Contract GUARANTEED INVESTMENT
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 Guaranteed Investment
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