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FORM 5500 DATA

LHM Financial Corporation 401k Profit Sharing Plan and Trust

Overview

Plan Information

  • Plan Year01/01/2018 — 12/31/2018
  • Date of Plan07/01/1998
  • Net Assets as of 12/31/2018 $4,599,607
  • 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 Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2018

  • Active (Eligible) Participants136
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits50
  • Subtotal186
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total186
  • Total number of participants as of 01/01/2018210
  • Number of participants with account balances181
  • 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

  • Address7025 East Greenway Parkway, Suite 1
  • CityScottsdale
  • StateAZ
  • Zip85254-2160
  • Telephone(480) 443-9090
  • EIN86-0741955
  • Industry Code522292
  • Named AdministratorSarah Zwick
  • Named Plan SponsorSarah Zwick

Audit Information

  • Audit StatusAudited
  • AuditorMetz & Associates
  • Auditor EIN46-4558541
  • 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.
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 $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
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? Yes
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? Yes

Financials

Income and Expense Statement

Income $496,575
Contributions $689,276
Cash Contributions $689,276
Cash from Employers $0
Cash from Participants $689,276
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $-192,701
Total Interest $13,333
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $13,333
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 $-206,034
Other Income $0
Expenses $317,517
Total Benefit Payments $289,102
Directly to participants or beneficiaries, including direct rollovers $289,102
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 $28,415
Professional Fees $0
Contract Administrator Fees $28,415
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $179,058
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2018 12/31/2017 Change YOY
Total Assets $4,599,607 $4,420,549 4.05%
Total noninterest-bearing cash $1,295 $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 $120,839 -100.00%
Interest-bearing cash $0 $120,839 -100.00%
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 $255,977 $235,004 8.92%
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 $4,342,335 $4,064,706 6.83%
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 $4,599,607 $4,420,549 4.05%

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
Massachusetts Mutual Life Insurance Recordkeeping and information management (computing, tabulating, data processing, etc.), Insurance services, Participant loan processing, Participant communication, Direct payment from the plan, Sales loads (front end and deferred), Other commissions, Shareholder servicing fees, Sub-transfer agency fees, Float revenue, Distribution (12b-1) fees, Recordkeeping fees, Account maintenance fees, Insurance mortality and expense charge, Other fees Recordkeeper $24,928 $0 $24,928
Total $24,928 $0 $24,928

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
Vanguard 500 Index Adm Mass Mutual DFE: Pooled Separate Account $1,477,422
American Funds Amer Balanced R6 Mass Mutual DFE: Pooled Separate Account $635,108
Select Trowe Price Blue Chip Growth Mass Mutual DFE: Pooled Separate Account $344,760
LOAN Mass Mutual DFE: Pooled Separate Account $255,977
Vanguard Total Bond Market Ind Adm Mass Mutual DFE: Pooled Separate Account $180,311
Premier Oppenheimer Funds Inc Globa Mass Mutual DFE: Pooled Separate Account $174,335
Vanguard Small-Cap Index Adm Mass Mutual DFE: Pooled Separate Account $164,860
Vanguard Mid-Cap Index Adm Mass Mutual DFE: Pooled Separate Account $158,175
Select Western Strategic Bond I Mass Mutual DFE: Pooled Separate Account $147,506
Select Barrowhanley/Bostonpartners Mass Mutual DFE: Pooled Separate Account $144,853
American Funds Trgt Date Ret 2040 R Mass Mutual DFE: Pooled Separate Account $136,445
Vanguard Total Intl Stock Adm Mass Mutual DFE: Pooled Separate Account $136,167
American Funds Trgt Date Ret 2045 R Mass Mutual DFE: Pooled Separate Account $121,377
Fixed Account Mass Mutual DFE: Pooled Separate Account $102,171
American Funds Trgt Date Ret 2035 R Mass Mutual DFE: Pooled Separate Account $89,428
American Funds Trgt Date Ret 2025 R Mass Mutual DFE: Pooled Separate Account $56,881
American Funds Trgt Date Ret 2050 R Mass Mutual DFE: Pooled Separate Account $51,049
Mfs Value R6 Mass Mutual DFE: Pooled Separate Account $46,162
Pimco Real Return Inst Mass Mutual DFE: Pooled Separate Account $45,676
American Funds Trgt Date Ret 2030 R Mass Mutual DFE: Pooled Separate Account $27,442
American Funds Trgt Date Ret 2020 R Mass Mutual DFE: Pooled Separate Account $26,019
Invesco Small Cap Growth R6 Mass Mutual DFE: Pooled Separate Account $19,208
American Funds Trgt Date Ret 2055 R Mass Mutual DFE: Pooled Separate Account $18,494
American Funds Trgt Date Ret 2010 R Mass Mutual DFE: Pooled Separate Account $9,018
American Funds Trgt Date Ret 2060 R Mass Mutual DFE: Pooled Separate Account $7,992
Select Trp/Front Mc Grth I Mass Mutual DFE: Pooled Separate Account $6,218
American Funds Trgt Date Ret 2015 R Mass Mutual DFE: Pooled Separate Account $6,114
Wells Fargo Spec Sm Cap Value R6 Mass Mutual DFE: Pooled Separate Account $4,102
Mfs Mid Cap Value R6 Mass Mutual DFE: Pooled Separate Account $2,446
Dfa Emerging Markets Core Equity I Mass Mutual DFE: Pooled Separate Account $1,996
Columbia Overseas Value I-3 Mass Mutual DFE: Pooled Separate Account $1,742
Total $4,599,454

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.