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Overview

Plan Information

  • Plan Year01/01/2006 — 12/31/2006
  • Date of Plan01/01/2005
  • Net Assets as of 12/31/2006 $1,876,784
  • 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 12/31/2006

  • Active (Eligible) Participants817
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits135
  • Subtotal952
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total952
  • Total number of participants as of 01/01/2006707
  • Number of participants with account balances550
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested0
  • Number of participants required to be reported on Schedule SSA46

Expenses

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

Sponsor Information

  • Address2425 West Loop S Ste 525
  • CityHouston
  • StateTX
  • Zip77027-4211
  • Telephone(713) 438-0919
  • EIN76-0555545
  • Industry Code519100
  • Named AdministratorRhonda Malley
  • Named Plan SponsorTimothy L. O'Rourke

Plan Administrator Information

  • Administrator NameSAME
  • Administrator EIN

Audit Information

  • Audit StatusAudited
  • AuditorEasley Endres Parkhill &Brackendoff
  • Auditor EIN76-0222094
  • Audit OpinionUnqualified
  • 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.

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

Financials

Income and Expense Statement

Income $1,397,061
Contributions $1,267,845
Cash Contributions $1,267,845
Cash from Employers $0
Cash from Participants $1,205,604
Others (including rollovers) $62,241
Noncash Contributions $0
Total Earnings on Investments $129,216
Total Interest $593
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $593
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 $128,623
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 $301,204
Total Benefit Payments $263,128
Directly to participants or beneficiaries, including direct rollovers $263,128
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $12,863
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $25,213
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $25,213
Other Administrative Fees $0
Net Income $1,095,857
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2006 12/31/2005 Change YOY
Total Assets $1,876,784 $780,927 140.33%
Total noninterest-bearing cash $0 $0 0.0%
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 $9,045 $6,003 50.67%
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 $1,867,739 $774,924 141.02%
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 $1,876,784 $780,927 140.33%

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 Conservative John Hancock USA DFE: Pooled Separate Account $721,810
Jh Lifestyle Growth John Hancock USA DFE: Pooled Separate Account $219,254
Jh Lifestyle Balanced John Hancock USA DFE: Pooled Separate Account $214,471
Jh Lifestyle Moderate John Hancock USA DFE: Pooled Separate Account $95,692
Jh Lifestyle Aggressive John Hancock USA DFE: Pooled Separate Account $81,513
Small Company Value Fund John Hancock USA DFE: Pooled Separate Account $62,835
Intl Equity Index Fund John Hancock USA DFE: Pooled Separate Account $60,200
Jh American Funds Growth John Hancock USA DFE: Pooled Separate Account $55,247
Small Cap Index Fund John Hancock USA DFE: Pooled Separate Account $50,928
Jh John Hancock Stable Va John Hancock USA DFE: Pooled Separate Account $50,628
Equity Income Fund (Vs) John Hancock USA DFE: Pooled Separate Account $40,884
Mid Cap Stock Fund (Vs) John Hancock USA DFE: Pooled Separate Account $39,622
Jh American Funds Am Bala John Hancock USA DFE: Pooled Separate Account $38,844
Global Fund (Vs) John Hancock USA DFE: Pooled Separate Account $29,799
Jh American Funds Wash Mu John Hancock USA DFE: Pooled Separate Account $29,170
Mid Cap Value Fund John Hancock USA DFE: Pooled Separate Account $27,041
Fundamental Value Fund (V John Hancock USA DFE: Pooled Separate Account $21,384
Blue Chip Growth Fund (Vs John Hancock USA DFE: Pooled Separate Account $16,088
Total Return Fund (Vs) John Hancock USA DFE: Pooled Separate Account $10,015
Total Stock Market Index John Hancock USA DFE: Pooled Separate Account $2,314
Total $1,867,739

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock Life Insurance Company (U.S.A.) 612
EIN 01-0233346
Industry Code 65838
Contract Number 35625
Contract Year 01/01/2006 — 12/31/2006
Value in General Account at Year End $0
Value in Separate Accounts at Year End $1,867,739
Insurance Fees and Commissions $26,491
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Nova 401K Associates 10777 Northwest Freeway, Suite 440 Houston, TX 77092 Third Party Administrator $0 $14,325 THIRD PARTY ADMINISTRATOR
Mml Insurance Agency, Inc. Insurance Agent or Broker $12,166 $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