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Overview

Plan Information

  • Plan Year01/01/2018 — 12/31/2018
  • Date of Plan01/01/2001
  • Net Assets as of 12/31/2018 $2,073,224
  • 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 Arrangement Trust

Participant Information as of 12/31/2018

  • Active (Eligible) Participants253
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits15
  • Subtotal268
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total268
  • Total number of participants as of 01/01/2018272
  • Number of participants with account balances52
  • 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

  • Address3203 W. Alabama
  • CityHouston
  • StateTX
  • Zip77098
  • Telephone(713) 529-0202
  • EIN75-2449814
  • Industry Code561300
  • Named AdministratorCharles Carson
  • Named Plan SponsorCharles Carson

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
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.

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
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 $2,641
Contributions $125,488
Cash Contributions $125,488
Cash from Employers $0
Cash from Participants $125,488
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $-122,847
Total Interest $6,334
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $6,334
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 $-129,181
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 $21,625
Total Benefit Payments $3,067
Directly to participants or beneficiaries, including direct rollovers $3,067
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $2,434
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $16,124
Professional Fees $0
Contract Administrator Fees $16,124
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $-18,984
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 $2,078,733 $2,098,200 -0.93%
Total noninterest-bearing cash $9,932 $9,932 0.00%
Receivables $0 $0 0.0%
Employer Contributions $0 $0 0.0%
Participant Contributions $0 $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 $162,936 $75,666 115.34%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $1,905,865 $2,012,602 -5.30%
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 $5,509 $5,992 -8.06%
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) $5,509 $5,992 -8.06%
Net Assets $2,073,224 $2,092,208 -0.91%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • John Hancock Life Ins Company USA

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 Life Insurance Co. USA 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, Soft dollars commissions Recordkeeper $210 $0 $210
Total $210 $0 $210

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
500 Index Fund John Hancock DFE: Pooled Separate Account $316,278
Franklin Mutual Beacon Fund John Hancock DFE: Pooled Separate Account $227,815
Jh Multimanager Balanced John Hancock DFE: Pooled Separate Account $186,868
Jh Multimanager Growth John Hancock DFE: Pooled Separate Account $171,789
Jh Multimanager Aggressive John Hancock DFE: Pooled Separate Account $144,258
Capital Appreciation Fund John Hancock DFE: Pooled Separate Account $141,914
Money Market Fumd John Hancock DFE: Pooled Separate Account $105,062
Clearbridge Aggressive Gwth John Hancock DFE: Pooled Separate Account $95,487
Jh Dicsiplined Value John Hancock DFE: Pooled Separate Account $94,515
Fidelity Total Advisor Bond John Hancock DFE: Pooled Separate Account $76,377
Jh Multimanager Moderate John Hancock DFE: Pooled Separate Account $66,820
Jh Multimanager Conserv John Hancock DFE: Pooled Separate Account $46,639
Small Cap Index Fund John Hancock DFE: Pooled Separate Account $35,988
T Rowe Price Health Sci John Hancock DFE: Pooled Separate Account $30,730
American Century Heritage John Hancock DFE: Pooled Separate Account $29,055
Mid Cap Index Fund John Hancock DFE: Pooled Separate Account $23,639
The Growth Fund of America John Hancock DFE: Pooled Separate Account $20,425
Jp Morgan Mid Cap Value John Hancock DFE: Pooled Separate Account $20,185
Jh Multimanager 2045 Lifetime John Hancock DFE: Pooled Separate Account $19,855
T Rowe Price Sci & Tech John Hancock DFE: Pooled Separate Account $14,150
Intl Equity Index Fund John Hancock DFE: Pooled Separate Account $13,072
Vanguard Short Term Federal John Hancock DFE: Pooled Separate Account $6,408
Small Cap Fund John Hancock DFE: Pooled Separate Account $5,900
Real Est Securities Fund John Hancock DFE: Pooled Separate Account $4,402
Dfa Us Targeted Value Fund John Hancock DFE: Pooled Separate Account $2,224
Invesco Intl Growth John Hancock DFE: Pooled Separate Account $2,032
Jh Multimanager 2040 Lifetime John Hancock DFE: Pooled Separate Account $1,538
Intl Small Cap John Hancock DFE: Pooled Separate Account $1,421
Jh Multimanager 2035 Lifetime John Hancock DFE: Pooled Separate Account $536
T Rowe Price Spectrum John Hancock DFE: Pooled Separate Account $482
Total $1,905,864

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock 76
EIN 01-0233346
Industry Code 65838
Contract Number 11046
Contract Year 01/01/2018 — 12/31/2018
Value in General Account at Year End $0
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $9,670
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Ubs Financial Services Ins Agency Address Unknown Houston, TX 77098 Insurance Agent or Broker $8,579 $0 BROKER
Actuaries and Associates 701 S. Tyler Amarillo, TX 79101 Third Party Administrator $1,091 $0 TPA COMPENSATION
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