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Overview

Plan Information

  • Plan Year01/01/2007 — 12/31/2007
  • Date of Plan01/01/2005
  • Net Assets as of 12/31/2007 $3,331,693
  • 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 12/31/2007

  • Active (Eligible) Participants667
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits348
  • Subtotal1,015
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total1,015
  • Total number of participants as of 01/01/20071,050
  • Number of participants with account balances742
  • 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 SSA148

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 O'Rourke

Plan Administrator Information

  • Administrator NameSAME
  • Administrator EIN

Audit Information

  • Audit StatusAudited
  • AuditorEasley Endres Parkhill & Brackendof
  • 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.
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 $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 $1,927,787
Contributions $1,798,491
Cash Contributions $1,798,491
Cash from Employers $0
Cash from Participants $1,743,309
Others (including rollovers) $55,182
Noncash Contributions $0
Total Earnings on Investments $129,296
Total Interest $129,296
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $1,448
Interest from Other Investments $127,848
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 $0
Net investment gain (loss) from 103-12 investment entities $0
Net investment gain (loss) from registered investment companies $0
Other Income $0
Expenses $472,878
Total Benefit Payments $441,650
Directly to participants or beneficiaries, including direct rollovers $441,650
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $31,228
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $0
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $1,454,909
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2007 12/31/2006 Change YOY
Total Assets $3,331,693 $1,876,784 77.52%
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 $33,697 $9,045 272.55%
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 $3,297,936 $1,867,739 76.57%
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 $3,331,693 $1,876,784 77.52%

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 $1,109,650
Jh Lifestyle Growth John Hancock USA DFE: Pooled Separate Account $439,642
Jh Lifestyle Moderate John Hancock USA DFE: Pooled Separate Account $229,412
Jh Lifestyle Aggressive John Hancock USA DFE: Pooled Separate Account $210,613
Intl Equity Index Fund John Hancock USA DFE: Pooled Separate Account $131,119
Jh American Funds Growth Fund John Hancock USA DFE: Pooled Separate Account $105,615
Jh John Hancock Stable Val John Hancock USA DFE: Pooled Separate Account $81,014
Small Company Value Fund John Hancock USA DFE: Pooled Separate Account $79,088
Mid Cap Stock Fund Ltohn Hancock USA DFE: Pooled Separate Account $78,374
Equity Income Fund John Hancock USA DFE: Pooled Separate Account $66,497
Jh American Funds Am Balanced John Hancock USA DFE: Pooled Separate Account $63,549
Small Cap Index Fund John Hancock USA DFE: Pooled Separate Account $59,078
Global Fund John Hancock USA DFE: Pooled Separate Account $51,920
Mid Cap Value Fund John Hancock USA DFE: Pooled Separate Account $44,691
Fundamental Value Fund John Hancock USA DFE: Pooled Separate Account $41,976
Jh American Funds Wasj Mutuyal John Hancock USA DFE: Pooled Separate Account $37,422
Blue Chip Growth Fund John Hancock USA DFE: Pooled Separate Account $32,335
Total Stock Market Index Fund John Hancock USA DFE: Pooled Separate Account $26,298
Total Return Fund John Hancock USA DFE: Pooled Separate Account $21,434
International Opps Fund John Hancock USA DFE: Pooled Separate Account $16,485
International Value Fund John Hancock USA DFE: Pooled Separate Account $15,464
Small Cap Growth Fund John Hancock USA DFE: Pooled Separate Account $13,139
Small Cap Value Fund John Hancock USA DFE: Pooled Separate Account $3,651
Quantitative Mid Cap Fund John Hancock USA DFE: Pooled Separate Account $1,577
Mid Cap Index Fund John Hancock USA DFE: Pooled Separate Account $64
Jh Lifestyle Balanced John Hancock USA DFE: Pooled Separate Account $33
Total $2,960,140

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock Life Insurance Company (U.S.A.) 648
EIN 01-0233346
Industry Code 65838
Contract Number 35625
Contract Year 01/01/2007 — 12/31/2007
Value in General Account at Year End $0
Value in Separate Accounts at Year End $3,297,936
Insurance Fees and Commissions $35,198
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Mml Insurance Agency, Inc. Insurance Agent or Broker $21,424 $0
Nova 401K Associater 10777 Northwest Preeway, Suite 440 Houston, 77092 Third Party Administrator $0 $13,774 THIRD PARTY ADMINISTRATOR
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