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FORM 5500 DATA

Ainsworth Game Technology Inc. Retirement Plan & Trust

Overview

Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan01/01/2006
  • Net Assets as of 12/31/2019 $7,913,368
  • 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? No
  • Plan Funding ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2019

  • Active (Eligible) Participants202
  • Retired or separated participants receiving benefits2
  • Other retired or separated participants entitled to future benefits26
  • Subtotal230
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total230
  • Total number of participants as of 01/01/2019233
  • Number of participants with account balances177
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested24

Expenses

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

Sponsor Information

  • Address5800 Rafael Rivera Way
  • CityLas Vegas
  • StateNV
  • Zip89118
  • Telephone(702) 954-3002
  • EIN86-1131097
  • Industry Code541511
  • Named AdministratorMiguel Cuadros

Audit Information

  • Audit StatusAudited
  • AuditorKimberlin Company, PLLC
  • Auditor EIN45-5497718
  • Audit Opinion Disclaimer
  • 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.
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 $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 $3,176,053
Contributions $1,739,258
Cash Contributions $1,739,258
Cash from Employers $574,621
Cash from Participants $852,809
Others (including rollovers) $311,828
Noncash Contributions $0
Total Earnings on Investments $1,436,458
Total Interest $11,720
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $11,720
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 $1,226,672
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 $198,066
Other Income $337
Expenses $717,340
Total Benefit Payments $669,226
Directly to participants or beneficiaries, including direct rollovers $669,226
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 $48,114
Professional Fees $0
Contract Administrator Fees $48,114
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $2,458,713
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 $7,913,368 $5,454,655 45.08%
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 $171,261 $186,486 -8.16%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $6,628,146 $4,544,066 45.86%
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 $1,102,978 $722,422 52.68%
Value of funds held in insurance co. general account $10,983 $1,681 553.36%
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 $7,913,368 $5,454,655 45.08%

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
Principal Life Insurance Company Contract Administrator, Participant loan processing, Direct payment from the plan, Recordkeeping fees Contract Administrator $48,114 $0 $48,114
Edward Jones Investment advisory (plan), Other fees Investment Advisory $0 $23,130 $23,130
Wilshire Associates Incorporated Investment advisory (plan), Other investment fees and expenses Investment Advisory $0 $0 $0
Total $48,114 $23,130 $71,244

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Edward Jones Principal Life Insurance Company Investment advisory (plan), Other fees Investment Advisory (Plan) $23,130
Wilshire Associates Incorporated Principal Life Insurance Company Investment advisory (plan), Other investment fees and expenses 1 Basis Point Annually On eligible Plan Assets In Wilshire 3(21) Or Wilshire 3(21) Auto-Execute Fiduciary Service. $0
*As outlined by the Form 5500 Instructions for service providers with indirect compensation.

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
Prin Lifetime 2035 Sep Act-Z Principal Life Insurance Company DFE: Pooled Separate Account $1,181,042
Prin Lifetime 2040 Sep Acct-Z Principal Life Insurance Company DFE: Pooled Separate Account $1,124,336
Prinl Lifetime 2030 Sep Acct-Z Principal Life Insurance Company DFE: Pooled Separate Account $1,012,148
Prin Lifetime 2045 Sep Acct-Z Principal Life Insurance Company DFE: Pooled Separate Account $979,642
Prin Lifetime 2050 Sep Acct-Z Principal Life Insurance Company DFE: Pooled Separate Account $622,540
Prin Lifetime 2025 Sep Acct-Z Principal Life Insurance Company DFE: Pooled Separate Account $540,242
Prin Lifetime 2055 Sep Acct-Z Principal Life Insurance Company DFE: Pooled Separate Account $476,200
Prin Lifetime 2020 Sep Acct-Z Principal Life Insurance Company DFE: Pooled Separate Account $240,078
Prin Midcap S&P 400 Idx Sa-Z Principal Life Insurance Company DFE: Pooled Separate Account $142,944
Prin Smcap S&P 600 Index Sa-Z Principal Life Insurance Company DFE: Pooled Separate Account $139,983
Prin Capital Appr Sa-Z Principal Life Insurance Company DFE: Pooled Separate Account $62,947
Prin Lifetime 2060 Sep Acct-Z Principal Life Insurance Company DFE: Pooled Separate Account $60,099
Prin High Yield Sep Acct-Z Principal Life Insurance Company DFE: Pooled Separate Account $40,793
Prin Lifetime Strat Inc Sa-Z Principal Life Insurance Company DFE: Pooled Separate Account $10,575
Prin Smcap Value II Sep Acct-Z Principal Life Insurance Company DFE: Pooled Separate Account $4,382
Prin Lifetime 2065 Sep Acct-Z Principal Life Insurance Company DFE: Pooled Separate Account $67
Prin Lifetm 2010 Sep Acct-Z Principal Life Insurance Company DFE: Pooled Separate Account $64
Prin Lifetime 2015 Sep Acct-Z Principal Life Insurance Company DFE: Pooled Separate Account $64
Total $6,638,146

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Principal Life Insurance Company 236
EIN 42-0127290
Industry Code 61271
Contract Number 613953
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $0
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $7
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
The Retirement Advantage Inc 47 Park Place Ste 850 Appleton, WI 54914 Insurance Agent or Broker $0 $7 REFERRAL/SERVICE FEE
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 CUSTODIAL GUARANTEED INTEREST CONTRACT
Balance at the end of the previous year $1,681
Additions $36,447
Contributions Deposited during the year $8,738
Dividends and credits $0
Interest credited during the year $337
Transferred from separate account $0
Other $27,372
Total of Balance and Additions $38,128
Deductions $27,145
Disbursed from fund to pay benefits or purchase annuities during the year $25,854
Administration charge made by carrier $187
Transferred to Separate Account $0
Other $1,104
Balance at the end of the current year $10,983
Principal Life Insurance Company 236
EIN 42-0127290
Industry Code 61271
Contract Number 622867
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $0
Value in Separate Accounts at Year End $6,628,146
Insurance Fees and Commissions $2,773
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
The Retirement Advantage Inc 47 Park Place Ste 850 Appleton, WI 54914 Insurance Agent or Broker $0 $2,773 REFERRAL/SERVICE FEE
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