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Overview

Plan Information

  • Plan Year01/01/2007 — 12/31/2007
  • Date of Plan01/01/2001
  • Net Assets as of 12/31/2007 $1,322,304
  • Plan Number1
  • Plan Type Multi-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 Arrangement Trust

Participant Information as of 12/31/2007

  • Active (Eligible) Participants324
  • Retired or separated participants receiving benefits1
  • Other retired or separated participants entitled to future benefits25
  • Subtotal350
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total350
  • Total number of participants as of 01/01/2007473
  • Number of participants with account balances82
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested5
  • Number of participants required to be reported on Schedule SSA0

Expenses

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

Sponsor Information

  • Address3203 W Alabama St
  • CityHouston
  • StateTX
  • Zip77098-1701
  • Telephone(713) 529-0202
  • EIN75-2449814
  • Industry Code561300
  • Named AdministratorKen Joekel
  • Named Plan SponsorKen Joekel

Plan Administrator Information

  • Administrator NameSAME
  • Administrator EIN

Audit Information

  • Audit StatusAudited
  • AuditorKen Skrabanek, CPA
  • Auditor EIN46-7865881
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
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.
3E Prototype plan A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion or notification letter; and under which a separate funding medium (for example, a separate trust or custodial account) is established for the use of each adopting employer.

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 $200,000
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

Financials

Income and Expense Statement

Income $315,350
Contributions $252,812
Cash Contributions $252,812
Cash from Employers $15,740
Cash from Participants $237,072
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $62,538
Total Interest $1,329
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $1,329
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 $61,209
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 $117,216
Total Benefit Payments $91,654
Directly to participants or beneficiaries, including direct rollovers $91,654
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $12,229
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $13,333
Professional Fees $0
Contract Administrator Fees $11,750
Investment Advisory and management fees $38
Other Administrative Fees $1,545
Net Income $198,134
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2007 12/31/2006 Change YOY
Total Assets $1,328,087 $1,129,131 17.62%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $2,029 $2,468 -17.79%
Employer Contributions $654 $0 0.0%
Participant Contributions $1,375 $2,468 -44.29%
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 $16,492 $19,559 -15.68%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $1,309,566 $1,107,104 18.29%
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 $5,783 $4,961 16.57%
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) $5,783 $4,961 16.57%
Net Assets $1,322,304 $1,124,170 17.62%

Service Providers

Service Providers

There are no service providers listed for this plan.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Jh Lifestyle Balanced John Hancock DFE: Pooled Separate Account $292,643
Jh Lifestyle Aggressive John Hancock DFE: Pooled Separate Account $159,590
500 Index Fund John Hancock DFE: Pooled Separate Account $156,517
Jh Lifestyle Growth John Hancock DFE: Pooled Separate Account $99,891
Jh Mutual Beacon John Hancock DFE: Pooled Separate Account $81,902
Jh Weitz Partners Value John Hancock DFE: Pooled Separate Account $72,687
Jh Pimco Total Return John Hancock DFE: Pooled Separate Account $60,041
International Equity Index John Hancock DFE: Pooled Separate Account $54,755
Jh Excelsior Value & Restruct John Hancock DFE: Pooled Separate Account $52,123
Money Market Fund John Hancock DFE: Pooled Separate Account $46,819
Jh Legg Mason Growth John Hancock DFE: Pooled Separate Account $40,872
Jh Jennison Growth John Hancock DFE: Pooled Separate Account $38,319
Jh Legg Partners Agg Growth John Hancock DFE: Pooled Separate Account $27,508
Jh Lifestyle Moderate John Hancock DFE: Pooled Separate Account $22,552
Jh Dws Rreef Real Estate John Hancock DFE: Pooled Separate Account $12,881
Small Cap Index Fund John Hancock DFE: Pooled Separate Account $12,401
Jh T Rowe Price Spectrum Inc John Hancock DFE: Pooled Separate Account $12,212
Mid Cap Index Fund John Hancock DFE: Pooled Separate Account $11,920
Jh Aim Constellation John Hancock DFE: Pooled Separate Account $8,014
Jh Lord Abbett Mid Cap Value John Hancock DFE: Pooled Separate Account $7,810
Jh Franklin Balance Sheet John Hancock DFE: Pooled Separate Account $7,756
Jh American Century Vista John Hancock DFE: Pooled Separate Account $6,179
Jh Templeton Foreign Small Co John Hancock DFE: Pooled Separate Account $5,035
Jh T Rowe Price Health Sci John Hancock DFE: Pooled Separate Account $4,936
International Value Fund John Hancock DFE: Pooled Separate Account $4,399
Jh Short Term Federal John Hancock DFE: Pooled Separate Account $4,152
Jh Columbia Marsico Intl Opps John Hancock DFE: Pooled Separate Account $2,735
Jh T Rowe Price Sci & Tech John Hancock DFE: Pooled Separate Account $2,301
Jh Lifestyle Conserv John Hancock DFE: Pooled Separate Account $617
Total $1,309,567

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock 93
EIN 01-0233346
Industry Code 65838
Contract Number 11046
Contract Year 01/01/2007 — 12/31/2007
Value in General Account at Year End $0
Value in Separate Accounts at Year End $1,326,059
Insurance Fees and Commissions $5,471
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Oppenheimer Life Agency, Ltd Insurance Agent or Broker $4,822 $0
Actuaries & Associates Third Party Administrator $648 $0
Dws Scudder Investments Investment Company/Mutual Fund $0 $1 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
0
EIN
Industry Code 00000
Contract Number
Contract Year —
Value in General Account at Year End $0
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $37
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Pacific Investment Management Co Investment Manager/Adviser $0 $37 REDEMPTION 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