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Overview

Plan Information

  • Plan Year01/01/2008 — 12/31/2008
  • Date of Plan01/01/2001
  • Net Assets as of 12/31/2008 $934,020
  • 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 12/31/2008

  • Active (Eligible) Participants326
  • Retired or separated participants receiving benefits23
  • Other retired or separated participants entitled to future benefits0
  • Subtotal349
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total349
  • Total number of participants as of 01/01/2008331
  • Number of participants with account balances74
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested6
  • Number of participants required to be reported on Schedule SSA12

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
  • 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 $2,000,000
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

Financials

Income and Expense Statement

Income $-198,950
Contributions $204,616
Cash Contributions $204,616
Cash from Employers $15,106
Cash from Participants $189,510
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $-403,566
Total Interest $2,622
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $2,622
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 $-406,188
Net investment gain (loss) from 103-12 investment entities $0
Net investment gain (loss) from registered investment companies $0
Other Income $0
Expenses $189,334
Total Benefit Payments $178,091
Directly to participants or beneficiaries, including direct rollovers $178,091
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 $11,243
Professional Fees $0
Contract Administrator Fees $11,243
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $-388,284
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2008 12/31/2007 Change YOY
Total Assets $942,503 $1,328,087 -29.03%
Total noninterest-bearing cash $2,487 $0 0.0%
Receivables $572 $2,029 -71.81%
Employer Contributions $488 $654 -25.38%
Participant Contributions $84 $1,375 -93.89%
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 $31,841 $16,492 93.07%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $907,603 $1,309,566 -30.69%
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 $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 $8,483 $5,783 46.69%
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) $8,483 $5,783 46.69%
Net Assets $934,020 $1,322,304 -29.36%

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
Lifestyle Balanced John Hancock DFE: Pooled Separate Account $224,721
Money Market Fund John Hancock DFE: Pooled Separate Account $107,383
Mutual Beacon John Hancock DFE: Pooled Separate Account $106,855
Lifestyle Aggressive John Hancock DFE: Pooled Separate Account $87,457
Lifestyle Growth John Hancock DFE: Pooled Separate Account $72,467
Pimco Total Return John Hancock DFE: Pooled Separate Account $69,556
500 Index Fund John Hancock DFE: Pooled Separate Account $52,746
Columbia Value & Restructuring John Hancock DFE: Pooled Separate Account $31,494
Lifestyle Moderate John Hancock DFE: Pooled Separate Account $20,798
Dws Rreef Real Estate John Hancock DFE: Pooled Separate Account $16,887
Legg Partners Agg Growth John Hancock DFE: Pooled Separate Account $15,565
Short-Term Federal John Hancock DFE: Pooled Separate Account $13,945
Jennison Growth John Hancock DFE: Pooled Separate Account $11,720
Legg Mason Growth John Hancock DFE: Pooled Separate Account $10,267
American Century Vista John Hancock DFE: Pooled Separate Account $9,411
Small Cap Index Fund John Hancock DFE: Pooled Separate Account $8,336
T.Rowe Price Health Sci John Hancock DFE: Pooled Separate Account $6,142
Mid Cap Index Fund John Hancock DFE: Pooled Separate Account $6,096
Franklin Balance Sheet John Hancock DFE: Pooled Separate Account $4,847
T. Rowe Price Spectrum John Hancock DFE: Pooled Separate Account $4,802
The Growth Fund of America John Hancock DFE: Pooled Separate Account $4,616
Intl Equity Index Fund John Hancock DFE: Pooled Separate Account $4,409
T Rowe Price Sci & Tech John Hancock DFE: Pooled Separate Account $4,005
Lord Abbett Mid Cap Value John Hancock DFE: Pooled Separate Account $3,862
International Value Fund John Hancock DFE: Pooled Separate Account $2,966
Columbia Marsico Intl Opps John Hancock DFE: Pooled Separate Account $2,881
Pimco Global Bond John Hancock DFE: Pooled Separate Account $1,577
Intl Small Cap Fund John Hancock DFE: Pooled Separate Account $1,319
Lifestyle Conservation John Hancock DFE: Pooled Separate Account $476
Total $907,606

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock 88
EIN 01-0233346
Industry Code 65838
Contract Number 11046
Contract Year 01/01/2008 — 12/31/2008
Value in General Account at Year End $2,487
Value in Separate Accounts at Year End $939,444
Insurance Fees and Commissions $5,310
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 $4,744 $0
Actuaries & Associates Third Party Administrator $563 $0
Pacific Investment Management Co Investment Company/Mutual Fund $0 $3 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
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 $0
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 $0
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