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Overview

Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan06/01/1985
  • Net Assets as of 12/31/2019 $76,510,842
  • Plan Number2
  • 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 12/31/2019

  • Active (Eligible) Participants903
  • Retired or separated participants receiving benefits12
  • Other retired or separated participants entitled to future benefits187
  • Subtotal1,102
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits4
  • Total1,106
  • Total number of participants as of 01/01/2019681
  • Number of participants with account balances736
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested4

Expenses

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

Sponsor Information

  • Address410 S. Taylor
  • CityAmarillo
  • StateTX
  • Zip79105
  • Telephone(806) 378-8000
  • EIN75-0109799
  • Industry Code522110
  • Named AdministratorCorey Krusa

Audit Information

  • Audit StatusAudited
  • AuditorJohnson & Sheldon, PLLC
  • Auditor EIN46-3602660
  • 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.
2S Automatic Enrollment Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
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 $30,000,000
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? Yes
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? Yes

Financials

Income and Expense Statement

Income $27,334,956
Contributions $16,686,327
Cash Contributions $16,686,327
Cash from Employers $1,901,921
Cash from Participants $2,411,917
Others (including rollovers) $12,372,489
Noncash Contributions $0
Total Earnings on Investments $10,378,998
Total Interest $97,008
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $97,008
Interest from Other Investments $0
Total Dividends $4,581,063
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 $208,094
Net investment gain (loss) from pooled separate accounts $4,059,598
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 $1,433,235
Other Income $269,631
Expenses $2,495,269
Total Benefit Payments $2,349,343
Directly to participants or beneficiaries, including direct rollovers $2,349,343
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $1,352
Certain deemed distributions of participant loans $87,059
Interest expense $0
Total Administrative Expenses $57,515
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $425
Other Administrative Fees $57,090
Net Income $24,839,687
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 $76,564,731 $51,671,155 48.18%
Total noninterest-bearing cash $48,591 $15,421 215.10%
Receivables $1,200,851 $818,342 46.74%
Employer Contributions $1,103,084 $818,342 34.79%
Participant Contributions $97,767 $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 $1,692,965 $1,684,801 0.48%
Value of interest in common/collective trusts $2,752,328 $0 0.0%
Value of interest in pooled separate accounts $0 $49,152,591 -100.00%
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 $70,819,125 $0 0.0%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $50,871 $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 $53,889 $0 0.0%
Benefit Claims Payable (1) $53,889 $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 $76,510,842 $51,671,155 48.07%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Great-West Life & Annuity 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
Great-West Life & Annuity Insurance Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Direct payment from the plan, Recordkeeping fees NONE $56,982 $0 $56,982
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, Soft dollars commissions Recordkeeper $8,026 $0 $8,026
Total $65,008 $0 $65,008

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
Great-West Securefoundations Balanc Great-West Trust Company, LLC DFE: Common/Collective Trust $2,752,328
Jh Multimanager 2060 Lifetime John Hancock USA DFE: Pooled Separate Account $0
Jh Multimanager 2055 Lifetime John Hancock USA DFE: Pooled Separate Account $0
Jh Multimanager 2050 Lifetime John Hancock USA DFE: Pooled Separate Account $0
Jh Multimanager 2045 Lifetime John Hancock USA DFE: Pooled Separate Account $0
Jh Multimanager 2040 Lifetime John Hancock USA DFE: Pooled Separate Account $0
Jh Multimanager 2035 Lifetime John Hancock USA DFE: Pooled Separate Account $0
Jh Multimanager 2030 Lifetime John Hancock USA DFE: Pooled Separate Account $0
Jh Multimanager 2025 Lifetime John Hancock USA DFE: Pooled Separate Account $0
Jh Multimanager 2020 Lifetime John Hancock USA DFE: Pooled Separate Account $0
Jh Multi-Index 2060 Preserv John Hancock USA DFE: Pooled Separate Account $0
Jh Multi-Index 2055 Preserv John Hancock USA DFE: Pooled Separate Account $0
Jh Multi-Index 2050 Preserv John Hancock USA DFE: Pooled Separate Account $0
Jh Multi-Index 2040 Preserv John Hancock USA DFE: Pooled Separate Account $0
Jh Multi-Index 2035 Preserv John Hancock USA DFE: Pooled Separate Account $0
Jh Multi-Index 2030 Preserv John Hancock USA DFE: Pooled Separate Account $0
Jh Multi-Index 2025 Preserv John Hancock USA DFE: Pooled Separate Account $0
Jh Multimanager Aggressive Ls John Hancock USA DFE: Pooled Separate Account $0
Jh Multimanager Growth Ls John Hancock USA DFE: Pooled Separate Account $0
Jh Multimanager Balanced Ls John Hancock USA DFE: Pooled Separate Account $0
Jh Multimanager Moderate Ls John Hancock USA DFE: Pooled Separate Account $0
Jh Multimanager Conserv Ls John Hancock USA DFE: Pooled Separate Account $0
Aberdeen International Equity John Hancock USA DFE: Pooled Separate Account $0
American Century Heritage John Hancock USA DFE: Pooled Separate Account $0
Amg Managers Fairpointe Midcap John Hancock USA DFE: Pooled Separate Account $0
Baird Midcap Fund John Hancock USA DFE: Pooled Separate Account $0
Dfa Emerging Markets Value John Hancock USA DFE: Pooled Separate Account $0
Dfa International Value John Hancock USA DFE: Pooled Separate Account $0
Dfa Us Targeted Value Fund John Hancock USA DFE: Pooled Separate Account $0
Dfa U.S. Small Cap Fund John Hancock USA DFE: Pooled Separate Account $0
Dodge & Cox International St John Hancock USA DFE: Pooled Separate Account $0
Europacific Growth Fund John Hancock USA DFE: Pooled Separate Account $0
Fidelity Adv Leveraged Co Stk John Hancock USA DFE: Pooled Separate Account $0
Financial Industries Fund John Hancock USA DFE: Pooled Separate Account $0
Franklin Small-Mid Growth John Hancock USA DFE: Pooled Separate Account $0
Harbor Mid Cap Value Fund John Hancock USA DFE: Pooled Separate Account $0
Intl Equity Index Fund John Hancock USA DFE: Pooled Separate Account $0
Intl Small Cap Fund John Hancock USA DFE: Pooled Separate Account $0
International Value Fund John Hancock USA DFE: Pooled Separate Account $0
Invesco Small Cap Growth John Hancock USA DFE: Pooled Separate Account $0
Ishares Gold Trust Etf John Hancock USA DFE: Pooled Separate Account $0
Jh Disciplined Value Mid Cap John Hancock USA DFE: Pooled Separate Account $0
John Hancock Intl Growth John Hancock USA DFE: Pooled Separate Account $0
Jpmorgan Intrepid Mid Cap John Hancock USA DFE: Pooled Separate Account $0
Jpmorgan Midcap Value Fund John Hancock USA DFE: Pooled Separate Account $0
Keeley Small Cap Value John Hancock USA DFE: Pooled Separate Account $0
Lord Abbett Value Opps Fund John Hancock USA DFE: Pooled Separate Account $0
Mid Cap Index Fund John Hancock USA DFE: Pooled Separate Account $0
Mid Cap Stock Fund John Hancock USA DFE: Pooled Separate Account $0
Mid Value Fund John Hancock USA DFE: Pooled Separate Account $0
New Opportunities Fund John Hancock USA DFE: Pooled Separate Account $0
New World Fund John Hancock USA DFE: Pooled Separate Account $0
Northern Small Cap Value Fund John Hancock USA DFE: Pooled Separate Account $0
Oppenheimer Developing Mkt John Hancock USA DFE: Pooled Separate Account $0
Oppenheimer Intl Growth Fund John Hancock USA DFE: Pooled Separate Account $0
Pgim Jennison Mid Cap Growth John Hancock USA DFE: Pooled Separate Account $0
Pimco Commodity Real Return John Hancock USA DFE: Pooled Separate Account $0
Real Est. Securities Fund John Hancock USA DFE: Pooled Separate Account $0
Royce Opportunity John Hancock USA DFE: Pooled Separate Account $0
Science & Technology Fund John Hancock USA DFE: Pooled Separate Account $0
Small Cap Index Fund John Hancock USA DFE: Pooled Separate Account $0
Small Cap Stock Fund John Hancock USA DFE: Pooled Separate Account $0
Small Cap Value Fund John Hancock USA DFE: Pooled Separate Account $0
Small Company Value Fund John Hancock USA DFE: Pooled Separate Account $0
T. Rowe Price Health Sci John Hancock USA DFE: Pooled Separate Account $0
T. Rowe Price Sci & Tech John Hancock USA DFE: Pooled Separate Account $0
T. Rowe Price Sml Cap Val John Hancock USA DFE: Pooled Separate Account $0
Tocqueville Gold Fund John Hancock USA DFE: Pooled Separate Account $0
Undiscovered Mgr Behavioral John Hancock USA DFE: Pooled Separate Account $0
Vanguard Energy Fund John Hancock USA DFE: Pooled Separate Account $0
Vanguard Explorer Fund John Hancock USA DFE: Pooled Separate Account $0
Vanguard Mid-Cap Growth Etf John Hancock USA DFE: Pooled Separate Account $0
Vanguard Mid-Cap Value Etf John Hancock USA DFE: Pooled Separate Account $0
Vanguard Small Cap Grow Index John Hancock USA DFE: Pooled Separate Account $0
Vanguard Small Cap Value Index John Hancock USA DFE: Pooled Separate Account $0
Wisdomtree Midcap Dividend Etf John Hancock USA DFE: Pooled Separate Account $0
Wisdomtree Mc Earnings Etf John Hancock USA DFE: Pooled Separate Account $0
500 Index Fund John Hancock USA DFE: Pooled Separate Account $0
Blackrock Global Allocation John Hancock USA DFE: Pooled Separate Account $0
Blue Chip Growth Fund John Hancock USA DFE: Pooled Separate Account $0
Capital Appreciation Fund John Hancock USA DFE: Pooled Separate Account $0
Capital World Growth & Income John Hancock USA DFE: Pooled Separate Account $0
Clearbridge Aggressive Growth John Hancock USA DFE: Pooled Separate Account $0
Dodge & Cox Stock Fund John Hancock USA DFE: Pooled Separate Account $0
Domini Impact Equity Fund John Hancock USA DFE: Pooled Separate Account $0
Equity Income Fund John Hancock USA DFE: Pooled Separate Account $0
Fidelity Adv Diversified Stock John Hancock USA DFE: Pooled Separate Account $0
Fidelity Adv New Insights John Hancock USA DFE: Pooled Separate Account $0
Fidelity Contrafund John Hancock USA DFE: Pooled Separate Account $0
Franklin Mutual Beacon Fund John Hancock USA DFE: Pooled Separate Account $0
Mutual Global Discovery John Hancock USA DFE: Pooled Separate Account $0
Fundamental All Cap Core Fund John Hancock USA DFE: Pooled Separate Account $0
Fundamental Investors John Hancock USA DFE: Pooled Separate Account $0
Fundamental Large Cap Value John Hancock USA DFE: Pooled Separate Account $0
Ivy Asset Strategy Fund John Hancock USA DFE: Pooled Separate Account $0
John Hancock Disciplined Value John Hancock USA DFE: Pooled Separate Account $0
Jpmorgan Large Cap Growth John Hancock USA DFE: Pooled Separate Account $0
Jpmorgan U.S. Equity Fund John Hancock USA DFE: Pooled Separate Account $0
New Perspective Fund John Hancock USA DFE: Pooled Separate Account $0
Oppenheimer Global John Hancock USA DFE: Pooled Separate Account $0
Parnassus Core Equity Fund John Hancock USA DFE: Pooled Separate Account $0
Sit Dividend Growth Fund John Hancock USA DFE: Pooled Separate Account $0
T. Rowe Price Equity Inc John Hancock USA DFE: Pooled Separate Account $0
The Growth Fund of America John Hancock USA DFE: Pooled Separate Account $0
Income Fund of America John Hancock USA DFE: Pooled Separate Account $0
Investment Company of America John Hancock USA DFE: Pooled Separate Account $0
Total Stock Market Index Fund John Hancock USA DFE: Pooled Separate Account $0
U.S. Growth Fund John Hancock USA DFE: Pooled Separate Account $0
Utilities Fund John Hancock USA DFE: Pooled Separate Account $0
Vanguard Growth Index Fund John Hancock USA DFE: Pooled Separate Account $0
Vanguard Tot Wld Stk Index Etf John Hancock USA DFE: Pooled Separate Account $0
Vanguard Value Index Fund John Hancock USA DFE: Pooled Separate Account $0
Washington Mutual Investors John Hancock USA DFE: Pooled Separate Account $0
American Balanced Fund John Hancock USA DFE: Pooled Separate Account $0
Capital World Bond Fund John Hancock USA DFE: Pooled Separate Account $0
Federated High Yield Bond John Hancock USA DFE: Pooled Separate Account $0
Floating Rate Income Fund John Hancock USA DFE: Pooled Separate Account $0
High Yield Fund John Hancock USA DFE: Pooled Separate Account $0
Alternate Assest Allocation John Hancock USA DFE: Pooled Separate Account $0
Mfs Emerging Markets Debt John Hancock USA DFE: Pooled Separate Account $0
Pax Balanced Fund John Hancock USA DFE: Pooled Separate Account $0
Pimco All Asset John Hancock USA DFE: Pooled Separate Account $0
Pimco Global Bonf Opps Fund John Hancock USA DFE: Pooled Separate Account $0
T. Rowe Price Cap Apprecitation John Hancock USA DFE: Pooled Separate Account $0
Templeton Global Bond Fund John Hancock USA DFE: Pooled Separate Account $0
U.S. High Yield Bond Fund John Hancock USA DFE: Pooled Separate Account $0
Core Bond Fund John Hancock USA DFE: Pooled Separate Account $0
Dfa Inflation-Protected Sec John Hancock USA DFE: Pooled Separate Account $0
Fidelity Advisor Total Bond John Hancock USA DFE: Pooled Separate Account $0
John Hancock Bond Fund John Hancock USA DFE: Pooled Separate Account $0
Pimco Real Return John Hancock USA DFE: Pooled Separate Account $0
Real Return Bond Fund John Hancock USA DFE: Pooled Separate Account $0
Strategic Income Opp Fund John Hancock USA DFE: Pooled Separate Account $0
T. Rowe Price Spectrum Inc John Hancock USA DFE: Pooled Separate Account $0
Total Bond Market Fund John Hancock USA DFE: Pooled Separate Account $0
Us Government Securities John Hancock USA DFE: Pooled Separate Account $0
Money Market Fund John Hancock USA DFE: Pooled Separate Account $0
Vanguard Short-Term Federal John Hancock USA DFE: Pooled Separate Account $0
Select Aa Growth John Hancock USA DFE: Pooled Separate Account $0
Select Aa Balanced John Hancock USA DFE: Pooled Separate Account $0
Select Aa Moderate John Hancock USA DFE: Pooled Separate Account $0
Total $2,752,328

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock Life Insurance Company 0
EIN 01-0233346
Industry Code 65838
Contract Number 17627
Contract Year 01/01/2019 — 06/03/2019
Value in General Account at Year End $0
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $14,046
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Verisight, Inc. 1350 Treat Blvd Walnut Creek, CA 94597 -7959 Third Party Administrator $0 $14,046 TPA COMPENSATION
Allocated Funds
Type of Contract GROUP ANNUITY
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 Group Annuity
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