Back to top

Overview

Plan Information

  • Plan Year01/01/2017 — 12/31/2017
  • Date of Plan01/01/1998
  • Net Assets as of 12/31/2017 $26,355,601
  • 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 ArrangementInsurance Trust

Participant Information as of 12/31/2017

  • Active (Eligible) Participants600
  • Retired or separated participants receiving benefits112
  • Other retired or separated participants entitled to future benefits429
  • Subtotal1,141
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total1,141
  • Total number of participants as of 01/01/20171,052
  • Number of participants with account balances1,133
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested111

Expenses

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

Sponsor Information

  • Address390 Benmar Dr.
  • CityHouston
  • StateTX
  • Zip77060-2901
  • Telephone(281) 919-0150
  • EIN75-2701220
  • Industry Code524210

Audit Information

  • Audit StatusAudited
  • AuditorHam, Langston & Brezina, LLP
  • Auditor EIN76-0448495
  • 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.
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.
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? No
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 $6,982,144
Contributions $2,969,106
Cash Contributions $2,969,106
Cash from Employers $1,372,493
Cash from Participants $1,536,353
Others (including rollovers) $60,260
Noncash Contributions $0
Total Earnings on Investments $4,013,038
Total Interest $0
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $0
Interest from Other Investments $0
Total Dividends $561,627
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 $0
Net investment gain (loss) from 103-12 investment entities $0
Net investment gain (loss) from registered investment companies $3,451,411
Other Income $0
Expenses $3,268,826
Total Benefit Payments $3,256,301
Directly to participants or beneficiaries, including direct rollovers $3,256,301
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $1,736
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $10,789
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $10,789
Other Administrative Fees $0
Net Income $3,713,318
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2017 12/31/2016 Change YOY
Total Assets $26,356,984 $22,642,409 16.41%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $352,252 $0 0.0%
Employer Contributions $352,057 $0 0.0%
Participant Contributions $195 $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 $0 $0 0.0%
Value of interest in common/collective trusts $0 $0 0.0%
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 $25,094,328 $21,912,024 14.52%
Value of funds held in insurance co. general account $910,404 $730,385 24.65%
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 $1,383 $126 997.62%
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) $1,383 $126 997.62%
Net Assets $26,355,601 $22,642,283 16.40%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

There is no information on eligible indirect compensation for this plan.

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
Loren D. Stark Company, Inc. Contract Administrator Contract Admin $5,480 $12,000 $17,480
Great-West Life & Annuity Insurance Recordkeeping fees Recordkeeper $13,021 $0 $13,021
Lpl Financial Investment advisory (plan) Investment Advisor $7,388 $0 $7,388
Empower Retirement Advisory Service Investment management Investment Mgmt $42 $0 $42
Total $25,931 $12,000 $37,931

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Loren D. Stark Company, Inc. Great-West Life & Annuity Insurance Contract Administrator Tpa Allowance Payment $12,000
*As outlined by the Form 5500 Instructions for service providers with indirect compensation.

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
Jh Multimanager 2050 Lifetime John Hancock Life Insurance Company DFE: Pooled Separate Account $1,043,684
Active Bond Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $0
Fundamental All Cap Core Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $0
Europacific Growth Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $0
Equity Income Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $0
Blue Chip Growth Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $0
500 Index Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $0
Small Cap Value Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $0
Small Cap Index Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $0
Science & Technology Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $0
Mid Cap Index Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $0
Mid Value Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $0
Vanguard Short-Term Federal John Hancock Life Insurance Company DFE: Pooled Separate Account $0
Money Market Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $0
Strategic Income Opp Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $0
Fidelity Advisor Total Bond John Hancock Life Insurance Company DFE: Pooled Separate Account $0
American Balanced Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $0
Washington Mutual Investors John Hancock Life Insurance Company DFE: Pooled Separate Account $0
The Growth Fund of America John Hancock Life Insurance Company DFE: Pooled Separate Account $0
Oppenheimer Global John Hancock Life Insurance Company DFE: Pooled Separate Account $0
Real Est. Securities Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $0
Mid Cap Stock Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $0
Jh Multimanager 2015 Lifetime John Hancock Life Insurance Company DFE: Pooled Separate Account $0
Jh Multimanager 2020 Lifetime John Hancock Life Insurance Company DFE: Pooled Separate Account $0
Jh Multimanager 2025 Lifetime John Hancock Life Insurance Company DFE: Pooled Separate Account $0
Jh Multimanager 2030 Lifetime John Hancock Life Insurance Company DFE: Pooled Separate Account $0
Jh Multimanager 2035 Lifetime John Hancock Life Insurance Company DFE: Pooled Separate Account $0
Jh Multimanager 2040 Lifetime John Hancock Life Insurance Company DFE: Pooled Separate Account $0
Jh Multimanager 2045 Lifetime John Hancock Life Insurance Company DFE: Pooled Separate Account $0
Jh Multimanager 2055 Lifetime John Hancock Life Insurance Company DFE: Pooled Separate Account $0
Jh Multimanager 2010 Lifetime John Hancock Life Insurance Company DFE: Pooled Separate Account $0
Jh Multimanager Aggressive Ls John Hancock Life Insurance Company DFE: Pooled Separate Account $0
Invesco Small Cap Growth John Hancock Life Insurance Company DFE: Pooled Separate Account $0
Intl Equity Index Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $0
Dfa Us Targeted Value Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $0
Dfa Emerging Markets Value John Hancock Life Insurance Company DFE: Pooled Separate Account $0
Jh Multimanager Conserv Ls John Hancock Life Insurance Company DFE: Pooled Separate Account $0
Jh Multimanager Moderate Ls John Hancock Life Insurance Company DFE: Pooled Separate Account $0
Jh Multimanager Balanced Ls John Hancock Life Insurance Company DFE: Pooled Separate Account $0
Jh Multimanager Growth Ls John Hancock Life Insurance Company DFE: Pooled Separate Account $0
Jh Multimanager 2060 Lifetime John Hancock Life Insurance Company DFE: Pooled Separate Account $0
Total $1,043,684

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Sun Life Assurance Company of Canada 1,141
EIN 38-1082080
Industry Code 80802
Contract Number 7786
Contract Year 11/01/2017 — 12/31/2017
Value in General Account at Year End $0
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $1,152
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
The Horton Group Inc 340 Columbia St South Bend, IN 46601 Insurance Agent or Broker $1,152 $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
John Hancock Life Insurance Company 0
EIN 01-0233346
Industry Code 65838
Contract Number 83190
Contract Year 01/01/2017 — 12/31/2017
Value in General Account at Year End $0
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $62,126
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Lpl Financial Corporation Agent or Broker other than Insurance $47,476 $0
Loren D. Stark Company 10750 Rockley Road Houston, TX 77099 Third Party Administrator $0 $14,650 ADMINISTRATION
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