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Overview

Plan Information

  • Plan Year01/01/2018 — 12/31/2018
  • Date of Plan01/01/1981
  • Net Assets as of 12/31/2018 $14,003,221
  • 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 Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2018

  • Active (Eligible) Participants608
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits57
  • Subtotal665
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total665
  • Total number of participants as of 01/01/2018585
  • Number of participants with account balances423
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested30

Expenses

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

Sponsor Information

  • Address3333 Lee Parkway, Suite 1200
  • CityDallas
  • StateTX
  • Zip75219
  • Telephone(972) 629-4301
  • EIN75-1617013
  • Industry Code524150
  • Named AdministratorDaniel J. Coots

Audit Information

  • Audit StatusAudited
  • AuditorLane Gorman Trubitt LLC
  • Auditor EIN75-1044330
  • 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.
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.
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 $3,000,000
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? 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 $1,509,961
Contributions $2,540,886
Cash Contributions $2,540,886
Cash from Employers $570,734
Cash from Participants $1,469,211
Others (including rollovers) $500,941
Noncash Contributions $0
Total Earnings on Investments $-1,023,511
Total Interest $32,073
Interest-Bearing Cash $315
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $31,758
Interest from Other Investments $0
Total Dividends $773,170
Preferred Stock $0
Common Stock $4,069
Rents $0
Net gain (loss) on sale of assets $0
Aggregate Proceeds $0
Aggregate Carrying Amount $0
Total Unrealized Appreciation (depreciation) of assets $16,336
Real Estate $0
Other $16,336
Net investment gain (loss) from common/collective trusts $24,292
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 $-1,869,382
Other Income $-7,414
Expenses $661,414
Total Benefit Payments $652,514
Directly to participants or beneficiaries, including direct rollovers $652,514
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 $8,900
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $8,900
Net Income $848,547
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2018 12/31/2017 Change YOY
Total Assets $15,733,725 $14,994,653 4.93%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $188,817 $239,498 -21.16%
Employer Contributions $124,845 $186,441 -33.04%
Participant Contributions $62,701 $51,806 21.03%
Other Contributions $1,271 $1,251 1.60%
General Investments $736,785 $461,401 59.68%
Interest-bearing cash $650,160 $250,981 159.05%
U.S. Government Securities $0 $0 0.0%
Corporate Debt Instruments $86,625 $210,420 -58.83%
Preferred $86,625 $210,420 -58.83%
All Other $0 $0 0.0%
Corporate Stocks $750,737 $1,043,220 -28.04%
Preferred $0 $0 0.0%
Common $750,737 $1,043,220 -28.04%
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 $542,663 $553,002 -1.87%
Value of interest in common/collective trusts $1,325,264 $1,296,219 2.24%
Value of interest in pooled separate accounts $0 $0 0.0%
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 $12,125,935 $11,358,194 6.76%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $0 $0 0.0%
Employer-related Investments $63,524 $43,119 47.32%
Employer Securities $63,524 $43,119 47.32%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $1,730,504 $1,839,979 -5.95%
Benefit Claims Payable (1) $1,730,504 $1,839,979 -5.95%
Operating Payables (1) $0 $0 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $14,003,221 $13,154,674 6.45%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Alliance Bernstein L.P.
  • Amundi Pioneer Asset Management
  • Blackrock Advisors, LLC
  • Boston Management & Research
  • Capital Research & Management Co.
  • Harris Associates, L.P.
  • Invesco Advisers, Inc.
  • MFS
  • Oppenheimer Funds, Inc.
  • Proshare Capital Management LLC
  • The Vanguard Group, Inc.
  • Victory Capital Management, Inc.
  • Nuveen Fund Advisors, LLC
  • Emerald Mutual Fund Advisors Trust

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
Merrill Lynch, Pierce, Fenner & Smi Recordkeeping and information management (computing, tabulating, data processing, etc.), Investment management, Shareholder servicing fees, Sub-transfer agency fees, Float revenue, Distribution (12b-1) fees, Securities brokerage commissions and fees, Other investment fees and expenses Recordkeeper $11,036 $0 $11,036
Total $11,036 $0 $11,036

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
Invesco Stable Value Ret Cl 4 Invesco Trust Company DFE: Common/Collective Trust $1,062,701
Invesco Stable Value Ret Cl 4 Gm Invesco Trust Company DFE: Common/Collective Trust $262,563
Total $1,325,264

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.