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FORM 5500 DATA

AFL IG, LLC 401k Plan

Overview

Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan01/01/2009
  • Net Assets as of 12/31/2019 $6,566,750
  • Plan Number1
  • 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 12/31/2019

  • Active (Eligible) Participants112
  • Retired or separated participants receiving benefits15
  • Other retired or separated participants entitled to future benefits0
  • Subtotal127
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total127
  • Total number of participants as of 01/01/2019121
  • Number of participants with account balances98
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested3

Expenses

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

Sponsor Information

  • Address8039 S. 192nd St. Suite 100
  • CityKENT
  • StateWA
  • Zip98032
  • Telephone(425) 443-8643
  • EIN36-4821246
  • Industry Code334410
  • Named AdministratorAngela Myers

Audit Information

  • Audit StatusAudited
  • AuditorSabey CPA, PLLC
  • Auditor EIN83-2111556
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
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? Yes $577,148
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 $500,000
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 $1,830,697
Contributions $746,754
Cash Contributions $746,754
Cash from Employers $141,028
Cash from Participants $564,113
Others (including rollovers) $41,613
Noncash Contributions $0
Total Earnings on Investments $1,083,943
Total Interest $0
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $0
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 $1,083,943
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 $240,010
Total Benefit Payments $240,010
Directly to participants or beneficiaries, including direct rollovers $240,010
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 $0
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $1,590,687
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2019 12/31/2018 Change YOY
Total Assets $6,566,750 $4,976,063 31.97%
Total noninterest-bearing cash $0 $2,887 0.0%
Receivables $19,805 $755 2523.18%
Employer Contributions $3,961 $151 2523.18%
Participant Contributions $15,844 $604 2523.18%
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 $0 $0 0.0%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $6,546,945 $4,972,421 31.67%
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 $6,566,750 $4,976,063 31.97%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • John Hancock

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 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 Recordkeeper $500 $0 $500
Total $500 $0 $500

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
Jh Multimanager Balanced Ls John Hancock USA DFE: Pooled Separate Account $2,753,128
Jh Multimanager Growth Ls John Hancock USA DFE: Pooled Separate Account $1,942,968
Sprott Gold Fund John Hancock USA DFE: Pooled Separate Account $227,227
John Hancock Stable Val John Hancock USA DFE: Pooled Separate Account $214,144
Science & Technology Fund John Hancock USA DFE: Pooled Separate Account $208,446
500 Index Fund John Hancock USA DFE: Pooled Separate Account $190,861
John Hancock Bond Fund John Hancock USA DFE: Pooled Separate Account $149,248
Jh Multimanager Aggressive Ls John Hancock USA DFE: Pooled Separate Account $99,643
Invesco Small Cap Growth John Hancock USA DFE: Pooled Separate Account $91,886
T. Rowe Price Health Sci John Hancock USA DFE: Pooled Separate Account $88,269
John Hancock Disciplined Value John Hancock USA DFE: Pooled Separate Account $72,896
Pimco All Asset John Hancock USA DFE: Pooled Separate Account $66,204
Opportunistic Fixed Income John Hancock USA DFE: Pooled Separate Account $64,663
Dfa Emerging Markets Value John Hancock USA DFE: Pooled Separate Account $52,722
Jh Disciplined Value Mid Cap John Hancock USA DFE: Pooled Separate Account $41,330
Jh Multimanager Conserv Ls John Hancock USA DFE: Pooled Separate Account $39,441
Vanguard Value Index Fund John Hancock USA DFE: Pooled Separate Account $31,076
Jh Multimanager Moderate Ls John Hancock USA DFE: Pooled Separate Account $25,133
Vanguard Small Cap Value Index John Hancock USA DFE: Pooled Separate Account $24,042
Intl Equity Index Fund John Hancock USA DFE: Pooled Separate Account $22,591
T. Rowe Price New Era Fund John Hancock USA DFE: Pooled Separate Account $22,435
Vanguard Mid-Cap Growth Etf John Hancock USA DFE: Pooled Separate Account $22,164
Vanguard Energy Fund John Hancock USA DFE: Pooled Separate Account $20,986
Real Est. Securities Fund John Hancock USA DFE: Pooled Separate Account $18,133
Vanguard Mid-Cap Value Etf John Hancock USA DFE: Pooled Separate Account $13,497
Parnassus Core Equity Fund John Hancock USA DFE: Pooled Separate Account $12,974
Vanguard Small Cap Grow Index John Hancock USA DFE: Pooled Separate Account $9,936
Dfa U.S. Small Cap Fund John Hancock USA DFE: Pooled Separate Account $9,433
Financial Industries Fund John Hancock USA DFE: Pooled Separate Account $8,022
Clearbridge Aggressive Growth John Hancock USA DFE: Pooled Separate Account $2,983
Mutual Global Discovery John Hancock USA DFE: Pooled Separate Account $463
Total $6,546,944

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock 0
EIN 01-0233346
Industry Code 65838
Contract Number 112147
Contract Year —
Value in General Account at Year End $0
Value in Separate Accounts at Year End $6,546,945
Insurance Fees and Commissions $0
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Morgan Stanley Insurance Services 601 Union St Seattle, WA 98101 Insurance Agent or Broker $0 $0
Hunnex and Shomaker, Inc. 701 Fifth Avenue Seattle, WA 98104 Third Party Administrator $0 $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