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Overview

Plan Information

  • Plan Year01/01/2009 — 12/31/2009
  • Date of Plan01/01/2005
  • Net Assets as of 12/31/2009 $5,288,445
  • 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 ArrangementInsurance Trust

Participant Information as of 12/31/2009

  • Active (Eligible) Participants612
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits640
  • Subtotal1,252
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total1,252
  • Total number of participants as of 01/01/20091,172
  • Number of participants with account balances950
  • 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

  • Address2425 West Loop S Ste 525
  • CityHouston
  • StateTX
  • Zip77027-4211
  • Telephone(713) 438-0919
  • EIN76-0555545
  • Industry Code519100
  • Named AdministratorTimothy Orourke

Plan Administrator Information

  • Administrator NameIcon Information Consultants, Lp
  • Address2425 West Loop S Ste 525
  • CityHouston
  • StateTX
  • Zip77027-4211
  • Telephone(713) 438-0919
  • Administrator EIN76-0555545

Audit Information

  • Audit StatusAudited
  • AuditorEasley Endres Parkhill & Brackendof
  • Auditor EIN76-0222094
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
2A Age/Service Weighted or New Comparability or Similar Plan Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New Comparability or Similar Plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the threshold or additional rate allowed under the permitted disparity rules of section 401(l)
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.
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.

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 $2,000,000
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 $2,839,395
Contributions $1,837,470
Cash Contributions $1,837,470
Cash from Employers $0
Cash from Participants $1,791,384
Others (including rollovers) $46,086
Noncash Contributions $0
Total Earnings on Investments $1,001,925
Total Interest $845
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $845
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 $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 $1,001,080
Other Income $0
Expenses $773,331
Total Benefit Payments $715,863
Directly to participants or beneficiaries, including direct rollovers $715,863
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $12,452
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $45,016
Professional Fees $0
Contract Administrator Fees $45,016
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $2,066,064
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2009 12/31/2008 Change YOY
Total Assets $5,288,445 $3,222,381 64.12%
Total noninterest-bearing cash $55 $55 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 $15,746 $17,584 -10.45%
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 $5,272,644 $3,204,742 64.53%
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 $5,288,445 $3,222,381 64.12%

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 Co. Recordkeeping and information management (computing, tabulating, data processing, etc.) Record Keeper $28,054 $0 $28,054
Total $28,054 $0 $28,054

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
Lifestyle Conservative John Hancock USA DFE: Pooled Separate Account $1,784,933
Lifestyle Balanced John Hancock USA DFE: Pooled Separate Account $618,849
Lifestyle Growth John Hancock USA DFE: Pooled Separate Account $555,225
Lifestyle Moderate John Hancock USA DFE: Pooled Separate Account $373,910
John Hancock Stable Val John Hancock USA DFE: Pooled Separate Account $291,906
Total Return Fund John Hancock USA DFE: Pooled Separate Account $273,177
Lifestyle Aggressive John Hancock USA DFE: Pooled Separate Account $256,559
The Growth Fund of America John Hancock USA DFE: Pooled Separate Account $149,952
Mid Cap Stock Fund John Hancock USA DFE: Pooled Separate Account $142,803
Intl Equity Index Fund John Hancock USA DFE: Pooled Separate Account $116,969
Small Company Value Fund John Hancock USA DFE: Pooled Separate Account $81,368
International Opps Fund John Hancock USA DFE: Pooled Separate Account $61,350
Equity Income Fund John Hancock USA DFE: Pooled Separate Account $56,670
Total Stock Market Index Fund John Hancock USA DFE: Pooled Separate Account $55,332
Small Cap Growth Fund John Hancock USA DFE: Pooled Separate Account $51,072
Small Cap Index Fund John Hancock USA DFE: Pooled Separate Account $49,058
American Balanced Fund John Hancock USA DFE: Pooled Separate Account $47,634
Washington Mutual Investors John Hancock USA DFE: Pooled Separate Account $47,569
Mid Value Fund John Hancock USA DFE: Pooled Separate Account $47,249
Mid Cap Index Fund John Hancock USA DFE: Pooled Separate Account $45,058
Blue Chip Growth Fund John Hancock USA DFE: Pooled Separate Account $42,282
International Value Fund John Hancock USA DFE: Pooled Separate Account $37,651
Fundamental Value Fund John Hancock USA DFE: Pooled Separate Account $34,773
Templeton World John Hancock USA DFE: Pooled Separate Account $27,472
Small Cap Value Fund John Hancock USA DFE: Pooled Separate Account $17,048
All Cap Core Fund John Hancock USA DFE: Pooled Separate Account $1,316
Mid Cap Value Fund John Hancock USA DFE: Pooled Separate Account $0
Total $5,267,185

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock Life Insurance Company 1,190
EIN 01-0233346
Industry Code 65838
Contract Number 35625
Contract Year 01/01/2009 — 12/31/2009
Value in General Account at Year End $0
Value in Separate Accounts at Year End $5,267,183
Insurance Fees and Commissions $48,640
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Mml Insurance Agency, Inc. 9731 Wortham Blvd. Houston, TX 77065 Insurance Agent or Broker $29,000 $0 INVESTMENT ADVISOR
Nova 401K Associates 10777 Northwest Preeway, Suite 440 Houston, TX 77092 Third Party Administrator $0 $19,640 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