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FORM 5500 DATA

L&R Distributors Inc. 401k Profit Sharing Plan and Trust

Overview

Plan Information

  • Plan Year01/01/2017 — 12/31/2017
  • Date of Plan11/01/1997
  • Net Assets as of 12/31/2017 $11,353,687
  • Plan Number2
  • 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 12/31/2017

  • Active (Eligible) Participants1,697
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits86
  • Subtotal1,783
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total1,783
  • Total number of participants as of 01/01/20171,048
  • Number of participants with account balances523
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested47

Expenses

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

Sponsor Information

  • Address88 35th Street Building 4 5th Floor Suite D
  • CityBrooklyn
  • StateNY
  • Zip11236-1806
  • Telephone(718) 272-2100
  • EIN11-1812912
  • Industry Code423990
  • Named AdministratorEdward Musantry

Audit Information

  • Audit StatusAudited
  • AuditorRogoff and Company, Pc
  • Auditor EIN13-2688836
  • 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.
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 $1,000,000
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 $2,510,062
Contributions $1,077,630
Cash Contributions $1,077,630
Cash from Employers $153,132
Cash from Participants $896,261
Others (including rollovers) $28,237
Noncash Contributions $0
Total Earnings on Investments $1,432,432
Total Interest $9,919
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $9,919
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 $1,422,513
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 $1,298,813
Total Benefit Payments $1,281,994
Directly to participants or beneficiaries, including direct rollovers $1,281,994
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 $16,819
Professional Fees $0
Contract Administrator Fees $16,819
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $1,211,249
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 $11,353,687 $10,142,438 11.94%
Total noninterest-bearing cash $1,154 $6,077 -81.01%
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 $224,139 $189,455 18.31%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $11,128,394 $9,946,906 11.88%
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 $0 $0 0.0%
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) $0 $0 0.0%
Net Assets $11,353,687 $10,142,438 11.94%

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
John Hancock Life Insurance Company Recordkeeping and information management (computing, tabulating, data processing, etc.), Investment management, Shareholder servicing fees, Sub-transfer agency fees, Float revenue, Distribution (12b-1) fees, Soft dollars commissions Record Keeper $1,516 $0 $1,516
Total $1,516 $0 $1,516

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
American Century 2025 John Hancock Life Insurance Company DFE: Pooled Separate Account $1,050,211
American Century 2020 John Hancock Life Insurance Company DFE: Pooled Separate Account $913,795
American Century 2030 John Hancock Life Insurance Company DFE: Pooled Separate Account $907,537
American Balanced Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $631,857
Invesco Small Cap Growth John Hancock Life Insurance Company DFE: Pooled Separate Account $619,731
500 Index Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $581,509
John Hancock Stable Vale Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $535,514
American Century 2045 John Hancock Life Insurance Company DFE: Pooled Separate Account $484,078
Vanguard Growth Index Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $447,194
American Century In Retirement John Hancock Life Insurance Comapany DFE: Pooled Separate Account $421,623
American Century 2035 John Hancock Life Insurance Company DFE: Pooled Separate Account $396,900
Massachusetts Investors Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $326,035
Dfa Emerging Markets Value John Hancock Life Insurance Company DFE: Pooled Separate Account $319,155
Federated High Yield Bond John Hancock Life Insurance Company DFE: Pooled Separate Account $269,476
Oppenheimer Intl Growth Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $258,083
John Hancock Disciplined Value John Hancock Life Insurance Company DFE: Pooled Separate Account $239,170
American Century 2040 John Hancock Life Insurance Company DFE: Pooled Separate Account $231,473
Us Government Securities John Hancock Life Insurance Company DFE: Pooled Separate Account $216,243
Intl Equity Index Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $213,676
Fidelity Advisor Total Bond John Hancock Life Insurance Company DFE: Pooled Separate Account $208,975
Blackrock Global Allocation John Hancock Life Insurance Company DFE: Pooled Separate Account $196,004
Dodge & Cox International St John Hancock Life Insurance Company DFE: Pooled Separate Account $173,225
Mid Cap Index Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $163,804
T.Rowe Price Sci & Tech John Hancock Life Insurance Company DFE: Pooled Separate Account $144,963
American Century 2055 John Hancock Life Insurance Company DFE: Pooled Separate Account $137,515
Nuveen Small Cap Value Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $118,944
Investment Company of America John Hancock Life Insurance Company DFE: Pooled Separate Account $108,420
T.Rowe Price Health Sci John Hancock Life Insurance Company DFE: Pooled Separate Account $95,870
Pimco Real Return John Hancock Life Insurance Company DFE: Pooled Separate Account $84,877
Fidelity Contrafund John Hancock Life Insurance DFE: Pooled Separate Account $76,407
American Century 2050 John Hancock Life Insurance Company DFE: Pooled Separate Account $75,949
Mid Value Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $75,302
Lord Abbett Value Opps Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $65,025
Small Cap Index Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $64,734
Real Est. Securities Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $52,674
John Hancock Bond Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $46,311
Europacific Growth Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $46,230
Strategic Income Opp Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $28,698
Tocqueville Gold Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $26,711
Vanguard Value Index Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $20,180
Pimco Commodity Real Return John Hancock Life Insurance Company DFE: Pooled Separate Account $15,252
Utilities Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $9,631
Templeton Global Bond Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $7,515
Mfs Emerging Markets Debt John Hancock Life Insurance Company DFE: Pooled Separate Account $7,485
American Century 2060 John Hancock Life Insurance Company DFE: Pooled Separate Account $5,865
Vanguard Energy Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $4,928
Total Stock Market Index Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $1,528
American Century Heritage John Hancock Life Insurance Company DFE: Pooled Separate Account $1,350
Financial Industries Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $637
Dfa U.S. Small Cap Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $124
Jh Ret To 2035 Managed Port John Hancock Life Insurance Company DFE: Pooled Separate Account $0
Jh Ret To 2030 Managed Port John Hancock Life Insurance Company DFE: Pooled Separate Account $0
Jh Ret To 2015 Managed Port John Hancock Life Insurance Company DFE: Pooled Separate Account $0
Jh Ret To 2045 Managed Port John Hancock Life Insurance Company DFE: Pooled Separate Account $0
Jh Ret To 2010 Managed Port John Hancock Life Insurance Company DFE: Pooled Separate Account $0
Pimco All Asset All Authority John Hancock Life Insurance Company DFE: Pooled Separate Account $0
Legg Mason Clear Br Agg Growth John Hancock Life Insurance Company DFE: Pooled Separate Account $0
Jh Ret To 2020 Managed Port John Hancock Life Insurance Company DFE: Pooled Separate Account $0
Jh Ret To 2025 Managed Port John Hancock Life Insurance Company DFE: Pooled Separate Account $0
Royce Pennsylvania Mutual Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $0
Jh Ret To 2040 Managed Port John Hancock Life Insurance Company DFE: Pooled Separate Account $0
Jh Ret To 2050 Managed Port John Hancock Life Insurance Company DFE: Pooled Separate Account $0
Franklin Small-Mid Growth John Hancock Life Insurance Company DFE: Pooled Separate Account $0
Natural Resources Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $0
Royce Opportunity John Hancock Life Insurance DFE: Pooled Separate Account $0
Blackrock Basic Value John Hancock Life Insurance Company DFE: Pooled Separate Account $0
Clearbridge Aggressive Growth John Hancock Life Insurance Company DFE: Pooled Separate Account $0
Fidelity Adv Leveraged Co Stk John Hancock Life Insurance Company DFE: Pooled Separate Account $0
Fidelity Adv New Insights John Hancock Life Insurance Company DFE: Pooled Separate Account $0
Jp Morgan Large Cap Growth John Hancock Life Insurance Company DFE: Pooled Separate Account $0
Oppenheimer Global John Hancock Life Insurance Company DFE: Pooled Separate Account $0
Value Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $0
Victory Diversified Stock John Hancock Life Insurance Company DFE: Pooled Separate Account $0
Ivy Asset Strategy Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $0
Income Fund of America John Hancock Life Insurance Company DFE: Pooled Separate Account $0
Active Bond Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $0
Pimco Global Bond John Hancock Life Insurance Company DFE: Pooled Separate Account $0
Templeton World John Hancock Life Insurance Company DFE: Pooled Separate Account $0
Jh Ret To 2055 Managed Port John Hancock Life Insurance Company DFE: Pooled Separate Account $0
Aberdeen International Equity John Hancock Life Insurance Company DFE: Pooled Separate Account $0
Total $11,128,393

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock Life Insurance Company of New York 579
EIN 13-3646501
Industry Code 86375
Contract Number 800662
Contract Year 01/01/2017 — 12/31/2017
Value in General Account at Year End $1,154
Value in Separate Accounts at Year End $11,128,394
Insurance Fees and Commissions $68,847
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Ubs Financial Services Ins Agency Insurance Agent or Broker $26,772 $0
Mutual Securities, Inc Insurance Agent or Broker $26,772 $0
John Hancock Rps LLC P O Box 600 Buffalo, NY 14201 -0600 Third Party Administrator $0 $15,303 TPA FEES
Allocated Funds
Type of Contract GROUP ANNUITY
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 Group Annuity
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