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Overview

Plan Information

  • Plan Year01/01/2012 — 12/31/2012
  • Date of Plan01/01/2005
  • Net Assets as of 12/31/2012 $12,198,331
  • 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 12/31/2012

  • Active (Eligible) Participants1,486
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits1,569
  • Subtotal3,055
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total3,055
  • Total number of participants as of 01/01/20122,558
  • Number of participants with account balances2,359
  • 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

  • Address100 Waugh Drive Suite 300
  • CityHouston
  • StateTX
  • Zip77007
  • Telephone(713) 438-0919
  • EIN76-0555545
  • Industry Code519100
  • Named AdministratorTimothy O'Rourke

Audit Information

  • Audit StatusAudited
  • AuditorEepb, P.C.
  • 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.
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.

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 $5,225,111
Contributions $4,079,442
Cash Contributions $4,079,442
Cash from Employers $0
Cash from Participants $3,689,996
Others (including rollovers) $389,446
Noncash Contributions $0
Total Earnings on Investments $1,145,669
Total Interest $2,682
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $2,682
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 $1,142,987
Other Income $0
Expenses $1,941,879
Total Benefit Payments $1,834,597
Directly to participants or beneficiaries, including direct rollovers $1,834,597
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $26,380
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $80,902
Professional Fees $0
Contract Administrator Fees $80,902
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $3,283,232
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2012 12/31/2011 Change YOY
Total Assets $12,198,331 $8,915,099 36.83%
Total noninterest-bearing cash $2,283 $159 1335.85%
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 $72,780 $44,531 63.44%
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 $12,123,268 $8,870,409 36.67%
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 $12,198,331 $8,915,099 36.83%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • John Hancock Life Insurance Co.
  • Nova 401K Associates

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, Other insurance wrap fees, Soft dollars commissions Record-Keeper $39,281 $0 $39,281
Total $39,281 $0 $39,281

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 $5,113,595
Lifestyle Growth John Hancock USA DFE: Pooled Separate Account $1,325,553
Lifestyle Balanced John Hancock USA DFE: Pooled Separate Account $997,214
Total Return Fund John Hancock USA DFE: Pooled Separate Account $737,506
Lifestyle Aggressive John Hancock USA DFE: Pooled Separate Account $570,912
Lifestyle Moderate John Hancock USA DFE: Pooled Separate Account $512,368
John Hancock Stable Val John Hancock USA DFE: Pooled Separate Account $481,067
Blue Chip Growth Fund John Hancock USA DFE: Pooled Separate Account $331,644
Total Stock Market Index Fund John Hancock USA DFE: Pooled Separate Account $284,660
Pru Jennison Mid Growth Fund John Hancock USA DFE: Pooled Separate Account $244,673
Mid Cap Index Fund John Hancock USA DFE: Pooled Separate Account $226,293
Small Cap Value Fund John Hancock USA DFE: Pooled Separate Account $177,383
Equity Income Fund John Hancock USA DFE: Pooled Separate Account $170,568
International Growth Fund John Hancock USA DFE: Pooled Separate Account $161,457
Small Company Value Fund John Hancock USA DFE: Pooled Separate Account $140,288
Small Cap Index Fund John Hancock USA DFE: Pooled Separate Account $117,006
Intl Equity Index Fund John Hancock USA DFE: Pooled Separate Account $97,544
Templeton World John Hancock USA DFE: Pooled Separate Account $90,069
Washington Mutual Investors John Hancock USA DFE: Pooled Separate Account $83,933
Small Cap Growth Fund John Hancock USA DFE: Pooled Separate Account $73,122
Mid Value Fund John Hancock USA DFE: Pooled Separate Account $71,110
Mass Investors Fund John Hancock USA DFE: Pooled Separate Account $51,223
International Value Fund John Hancock USA DFE: Pooled Separate Account $30,679
Mid Cap Stock Fund John Hancock USA DFE: Pooled Separate Account $0
Victory Diversified Stock John Hancock USA DFE: Pooled Separate Account $0
The Growth Fund of America John Hancock USA DFE: Pooled Separate Account $0
Total $12,089,867

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock Life Insurance Company 2,749
EIN 01-0233346
Industry Code 65838
Contract Number 35625
Contract Year 01/01/2012 — 12/31/2012
Value in General Account at Year End $0
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $86,246
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Nova 401K Associates 10777 Northwest Preeway, Suite 440 Houston, TX 77092 Third Party Administrator $0 $46,840 TPA COMPENSATION
Mml Insurance Agency, Inc. 9731 Wortham Blvd. Houston, TX 77065 Insurance Agent or Broker $28,016 $0 INVESTMENT ADVISOR
Eepb P.C. and Business Adv 1333 West Loop South Houston, TX 77027 Other $0 $11,390 OTHER PAYMENTS
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