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Overview

Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan01/01/2002
  • Net Assets as of 12/31/2019 $4,569,114
  • 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) Participants694
  • Retired or separated participants receiving benefits2
  • Other retired or separated participants entitled to future benefits14
  • Subtotal710
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total710
  • Total number of participants as of 01/01/2019757
  • Number of participants with account balances99
  • 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

  • Address12633 State Highway 30
  • CityCollege Station
  • StateTX
  • Zip77845
  • Telephone(979) 695-9912
  • EIN74-2368591
  • Industry Code722300
  • Named AdministratorPhil Tisue

Plan Administrator Information

  • Administrator NameTag Resources, LLC
  • Address6322 Deane Hill Drive, Suite 201
  • CityKnoxville
  • StateTN
  • Zip37919
  • Telephone(865) 670-1844
  • Administrator EIN62-1874769

Audit Information

  • Audit StatusAudited
  • AuditorCoulter & Justus
  • Auditor EIN62-1532536
  • 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 $450,000
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 $1,024,056
Contributions $221,867
Cash Contributions $221,867
Cash from Employers $221,867
Cash from Participants $0
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $802,189
Total Interest $11,676
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $11,477
Interest from Other Investments $199
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 $790,513
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 $330,966
Total Benefit Payments $307,817
Directly to participants or beneficiaries, including direct rollovers $307,817
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 $23,149
Professional Fees $0
Contract Administrator Fees $23,149
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $693,090
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 $4,654,704 $3,959,065 17.57%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $51,041 $44,499 14.70%
Employer Contributions $44,499 $44,499 0.00%
Participant Contributions $0 $0 0.0%
Other Contributions $6,542 $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 $178,100 $237,697 -25.07%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $4,409,503 $3,666,043 20.28%
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 $0 0.0%
Value of funds held in insurance co. general account $16,060 $10,826 48.35%
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 $85,590 $83,041 3.07%
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) $85,590 $83,041 3.07%
Net Assets $4,569,114 $3,876,024 17.88%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Transamerica Financial Life Ins Co

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
Transamerica Financial Life Ins Co 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 Record Keeper $17,870 $0 $17,870
Tag Resources, LLC Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Recordkeeping fees Record Keeper $5,279 $7 $5,286
Total $23,149 $7 $23,156

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 Vanguard Institutional Target Re Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $930,446
Ta Vanguard Institutional Target Re Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $813,068
Ta Vanguard Institutional Target Re Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $481,052
Ta Vanguard Institutional Target Re Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $393,205
Eaton Vance Atlanta Cap Smid-Cap Re Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $339,363
Columbia Contrarian Core Ret Acct Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $299,016
Transamerica Partners Stock Index R Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $191,823
Ta Vanguard Institutional Target Re Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $158,796
Ta Vanguard Institutional Target Re Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $132,575
Ta Vanguard Institutional Target Re Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $92,946
Goldman Sachs Bond Ret Acct Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $90,625
Ta Vanguard Institutional Target Re Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $87,829
Voya Small Company Ret Acct Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $87,366
State Street Russell Small Cap Inde Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $62,301
Ta Vanguard Institutional Target Re Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $56,556
State Street S&P Mid Cap Index Ret Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $53,084
Dfa Emerging Markets Core Equity Re Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $41,919
Morgan Stanley Growth Ret Acct Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $38,869
Transamerica International Equity R Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $37,413
Ta Vanguard Institutional Target Re Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $9,935
Eaton Vance High Income Opportuniti Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $6,987
State Street International Index Re Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $1,737
Ta Vanguard Institutional Target Re Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $860
Ta Vanguard Total Stock Market Inde Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $630
American Century Focused Global Ret Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $611
T. Rowe Price Equity Income Ret Acc Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $298
Principal Diversified Real Asset Re Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $101
State Street U.S. Bond Index Ret Ac Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $92
Total $4,409,503

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Transamerica Financial Life Insurance Company 710
EIN 36-6071399
Industry Code 70688
Contract Number 932294-00112
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $0
Value in Separate Accounts at Year End $4,409,503
Insurance Fees and Commissions $16,343
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Merrill Lynch Life Agency, Inc Andrew Horowitz Jacksonville, FL 32246 Insurance Agent or Broker $16,343 $0 N/A
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 STABLE VALUE OPTION
Balance at the end of the previous year $10,826
Additions $6,638
Contributions Deposited during the year $441
Dividends and credits $0
Interest credited during the year $199
Transferred from separate account $5,642
Other $356
Total of Balance and Additions $17,464
Deductions $1,404
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $44
Transferred to Separate Account $645
Other $715
Balance at the end of the current year $16,060