Back to top

Overview

Plan Information

  • Plan Year01/01/2010 — 12/31/2010
  • Date of Plan09/01/1999
  • Net Assets as of 12/31/2010 $3,297,427
  • 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 12/31/2010

  • Active (Eligible) Participants193
  • Retired or separated participants receiving benefits8
  • Other retired or separated participants entitled to future benefits98
  • Subtotal299
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total299
  • Total number of participants as of 01/01/2010282
  • Number of participants with account balances297
  • 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

  • Address3001 S. Madison
  • CityWichita
  • StateKS
  • Zip67216
  • Telephone(316) 201-4210
  • EIN74-2850413
  • Industry Code312110
  • Named AdministratorMichael Shook
  • Named Plan SponsorMichael Shook

Plan Administrator Information

  • Administrator NameKan-Pak, L.L.C.
  • Address3001 S. Madison
  • CityWichita
  • StateKS
  • Zip67216
  • Telephone(316) 201-4210
  • Administrator EIN74-2850413

Audit Information

  • Audit StatusAudited
  • AuditorMcgladrey & Pullen, LLP
  • Auditor EIN42-0714325
  • 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.
3B Self-Employed Plan Plan covering Self-Employed individuals.
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 $70,900
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 $150,000
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 $935,936
Contributions $599,609
Cash Contributions $599,609
Cash from Employers $249,216
Cash from Participants $320,413
Others (including rollovers) $29,980
Noncash Contributions $0
Total Earnings on Investments $322,036
Total Interest $6,132
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $6,132
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 $315,904
Other Income $14,291
Expenses $96,423
Total Benefit Payments $86,704
Directly to participants or beneficiaries, including direct rollovers $86,704
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $6,084
Interest expense $0
Total Administrative Expenses $3,635
Professional Fees $0
Contract Administrator Fees $3,461
Investment Advisory and management fees $0
Other Administrative Fees $174
Net Income $839,513
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2010 12/31/2009 Change YOY
Total Assets $3,297,427 $2,457,914 34.16%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $6,791 $22,926 -70.38%
Employer Contributions $3,538 $20,509 -82.75%
Participant Contributions $3,253 $2,417 34.59%
Other Contributions $0 $0 0.0%
General Investments $383,122 $0 0.0%
Interest-bearing cash $383,122 $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 $182,981 $117,688 55.48%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $2,565,005 $2,317,300 10.69%
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 $159,528 $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 $3,297,427 $2,457,914 34.16%

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 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 Recordkeeping $864 $0 $864
Total $864 $0 $864

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
Money Market Fund John Hancock USA DFE: Pooled Separate Account $383,122
Lifestyle Balanced John Hancock USA DFE: Pooled Separate Account $364,694
Intl Equity Index Fund John Hancock USA DFE: Pooled Separate Account $228,857
Retirement Living At 2025 John Hancock USA DFE: Pooled Separate Account $226,741
Lifestyle Growth John Hancock USA DFE: Pooled Separate Account $212,593
Lifestyle Aggressive John Hancock USA DFE: Pooled Separate Account $178,678
Royce Opportunity John Hancock USA DFE: Pooled Separate Account $136,563
Real Est. Securities Fund John Hancock USA DFE: Pooled Separate Account $105,484
Utilities Fund John Hancock USA DFE: Pooled Separate Account $95,149
Lifestyle Conservative John Hancock USA DFE: Pooled Separate Account $85,641
Fundamental Investors John Hancock USA DFE: Pooled Separate Account $75,259
Lifestyle Moderate John Hancock USA DFE: Pooled Separate Account $64,196
T. Rowe Price Health Sci John Hancock USA DFE: Pooled Separate Account $57,212
Blue Chip Growth Fund John Hancock USA DFE: Pooled Separate Account $55,534
Dfa Us Targeted Value Fund John Hancock USA DFE: Pooled Separate Account $52,000
Templeton World John Hancock USA DFE: Pooled Separate Account $51,509
Equity Income Fund John Hancock USA DFE: Pooled Separate Account $42,492
Small Cap Index Fund John Hancock USA DFE: Pooled Separate Account $41,868
Intl Small Cap Fund John Hancock USA DFE: Pooled Separate Account $41,211
International Value Fund John Hancock USA DFE: Pooled Separate Account $41,068
Investment Qual Bond Fund John Hancock USA DFE: Pooled Separate Account $40,120
American Balanced Fund John Hancock USA DFE: Pooled Separate Account $36,469
Global Bond Fund John Hancock USA DFE: Pooled Separate Account $35,939
Mid Cap Stock Fund John Hancock USA DFE: Pooled Separate Account $29,595
Small Company Value Fund John Hancock USA DFE: Pooled Separate Account $23,749
Mid Value Fund John Hancock USA DFE: Pooled Separate Account $23,188
Capital Appreciation Fund John Hancock USA DFE: Pooled Separate Account $21,612
Science & Technology Fund John Hancock USA DFE: Pooled Separate Account $18,015
Energy John Hancock USA DFE: Pooled Separate Account $17,093
Total Stock Market Index Fund John Hancock USA DFE: Pooled Separate Account $16,497
Mutual Global Discovery John Hancock USA DFE: Pooled Separate Account $16,413
High Yield Fund John Hancock USA DFE: Pooled Separate Account $16,170
Large Cap Fund John Hancock USA DFE: Pooled Separate Account $12,583
Mid Cap Index Fund John Hancock USA DFE: Pooled Separate Account $12,521
Strategic Income Opp Fund John Hancock USA DFE: Pooled Separate Account $12,077
Financial Services Fund John Hancock USA DFE: Pooled Separate Account $9,107
Large Cap Value Fund John Hancock USA DFE: Pooled Separate Account $8,008
Dfa Emerging Markets Value John Hancock USA DFE: Pooled Separate Account $7,846
Short-Term Federal John Hancock USA DFE: Pooled Separate Account $7,424
Growth Index Fund John Hancock USA DFE: Pooled Separate Account $6,779
The Growth Fund of America John Hancock USA DFE: Pooled Separate Account $6,489
Investment Company of America John Hancock USA DFE: Pooled Separate Account $5,100
American Century Vista John Hancock USA DFE: Pooled Separate Account $4,090
Natural Resources Fund John Hancock USA DFE: Pooled Separate Account $4,023
Davis New York Venture John Hancock USA DFE: Pooled Separate Account $2,933
Total Return Fund John Hancock USA DFE: Pooled Separate Account $2,870
Inv Small Cap Growth John Hancock USA DFE: Pooled Separate Account $2,541
Columbia Value & Restructuring John Hancock USA DFE: Pooled Separate Account $2,432
Blackrock Global Allocation John Hancock USA DFE: Pooled Separate Account $2,263
Pimco Real Return John Hancock USA DFE: Pooled Separate Account $2,209
Europacific Growth Fund John Hancock USA DFE: Pooled Separate Account $2,044
Dfa International Value John Hancock USA DFE: Pooled Separate Account $40
Pimco Global Bond John Hancock USA DFE: Pooled Separate Account $17
Strategic Bond Fund John Hancock USA DFE: Pooled Separate Account $0
Fundamental Value Fund John Hancock USA DFE: Pooled Separate Account $0
Pacific Rim Fund John Hancock USA DFE: Pooled Separate Account $0
Total Bond Market Fund John Hancock USA DFE: Pooled Separate Account $0
Retirement Living At 2015 John Hancock USA DFE: Pooled Separate Account $0
Wamco U.S. Government Sec Fund John Hancock USA DFE: Pooled Separate Account $0
Total $2,948,127

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock Life Insurance Company 313
EIN 01-0233346
Industry Code 65838
Contract Number 83584
Contract Year 01/01/2010 — 12/31/2010
Value in General Account at Year End $0
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $4,928
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Carey Thomas Hoover Breault Inc. 8080 East Central, Suite 200 Wichita, KS 67206 Insurance Agent or Broker $4,755 $0
Vanguard Group, Inc Po Box 1110 Valley Forge, PA 19482 Investment Company/Mutual Fund $0 $173 REDEMPTION FEE
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