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FORM 5500 DATA

Construction Outfitters International, Inc. 401k Plan

Overview

Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan09/22/2000
  • Net Assets as of 12/31/2019 $8,158,440
  • 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? No
  • Plan Funding ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2019

  • Active (Eligible) Participants96
  • Retired or separated participants receiving benefits3
  • Other retired or separated participants entitled to future benefits36
  • Subtotal135
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total135
  • Total number of participants as of 01/01/2019190
  • Number of participants with account balances115
  • 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

  • Address37450 Ih-10 W Suite 101
  • CityBoerne
  • StateTX
  • Zip78006
  • Telephone(830) 816-2104
  • EIN74-2651616
  • Industry Code236110
  • Named AdministratorTim Robertson

Audit Information

  • Audit StatusAudited
  • AuditorFisher, Herbst, & Kemble, P.C.
  • Auditor EIN74-2584861
  • 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.
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 $2,119,455
Contributions $664,335
Cash Contributions $664,335
Cash from Employers $25,328
Cash from Participants $639,007
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $1,455,120
Total Interest $15,263
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $15,263
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 $0
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 $1,439,857
Other Income $0
Expenses $1,178,514
Total Benefit Payments $1,006,567
Directly to participants or beneficiaries, including direct rollovers $1,006,567
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $122,341
Interest expense $0
Total Administrative Expenses $49,606
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $49,606
Other Administrative Fees $0
Net Income $940,941
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 $8,158,440 $7,217,499 13.04%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $0 $33,236 -100.00%
Employer Contributions $0 $33,236 -100.00%
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 $225,492 $294,066 -23.32%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $7,932,948 $6,890,197 15.13%
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 $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 $8,158,440 $7,217,499 13.04%

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
John Hancock Life Insurance Company Recordkeeping and information management (computing, tabulating, data processing, etc.), Investment management, Shareholder servicing fees, Sub-transfer agency fees, Float revenue, Distribution (12b-1) fees, Other insurance wrap fees, Soft dollars commissions Recordkeeper $28,201 $0 $28,201
Alliant Retirement Consulting Investment advisory (participants) Investment Advisor $18,922 $0 $18,922
Total $47,123 $0 $47,123

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
Vanguard Target Ret 2035 John Hancock USA DFE: Pooled Separate Account $1,215,144
Vanguard Target Ret 2030 John Hancock USA DFE: Pooled Separate Account $1,163,130
Vanguard Target Ret 2015 John Hancock USA DFE: Pooled Separate Account $1,062,828
Vanguard Target Ret 2025 John Hancock USA DFE: Pooled Separate Account $1,009,406
Vanguard Target Ret 2040 John Hancock USA DFE: Pooled Separate Account $503,001
Vanguard Target Ret Income John Hancock USA DFE: Pooled Separate Account $387,902
Vanguard Target Ret 2050 John Hancock USA DFE: Pooled Separate Account $371,830
Vanguard Target Ret 2020 John Hancock USA DFE: Pooled Separate Account $339,361
Tiaa-Cref Large-Cap Growth Idx John Hancock USA DFE: Pooled Separate Account $313,643
Vanguard Target Ret 2045 John Hancock USA DFE: Pooled Separate Account $293,038
Vanguard Small Cap Value Index John Hancock USA DFE: Pooled Separate Account $191,257
Vanguard Mid-Cap Value Etf John Hancock USA DFE: Pooled Separate Account $168,754
Tiaa-Cref Large-Cap Value Idx John Hancock USA DFE: Pooled Separate Account $164,214
Total Bond Market Fund John Hancock USA DFE: Pooled Separate Account $138,272
Vanguard Explorer Fund John Hancock USA DFE: Pooled Separate Account $130,076
Vanguard Target Ret 2055 John Hancock USA DFE: Pooled Separate Account $123,250
Dfa U.S. Small Cap Fund John Hancock USA DFE: Pooled Separate Account $109,716
Vanguard Target Ret 2060 John Hancock USA DFE: Pooled Separate Account $56,352
Ab Global Bond Fund John Hancock USA DFE: Pooled Separate Account $51,687
Vanguard Mid-Cap Growth Etf John Hancock USA DFE: Pooled Separate Account $45,678
Fundamental Investors John Hancock USA DFE: Pooled Separate Account $45,122
Capital World Growth & Income John Hancock USA DFE: Pooled Separate Account $27,515
Total Stock Market Index Fund John Hancock USA DFE: Pooled Separate Account $6,923
New World Fund John Hancock USA DFE: Pooled Separate Account $4,813
Mid Cap Index Fund John Hancock USA DFE: Pooled Separate Account $3,988
Real Est. Securities Fund John Hancock USA DFE: Pooled Separate Account $3,819
Pgim Total Return Bond Fund John Hancock USA DFE: Pooled Separate Account $2,230
Pimco Long Duration Total Rtn John Hancock USA DFE: Pooled Separate Account $0
Ny Life Ins. Co. Anchor Acct John Hancock USA DFE: Pooled Separate Account $0
Total $7,932,949

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock Life Insurance Company (U.S.A) (John Hancock USA*) 129
EIN 01-0233346
Industry Code 65838
Contract Number 129607
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $0
Value in Separate Accounts at Year End $7,932,948
Insurance Fees and Commissions $8,777
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Nova 401K Associates 10777 NW Freeway Houston, TX 77092 Third Party Administrator $0 $8,777 TPA FEES
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