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FORM 5500 DATA

A Plus Benefits, Inc. 401k Profit Sharing Plan

Overview

Plan Information

  • Plan Year01/01/2018 — 12/31/2018
  • Date of Plan07/01/1990
  • Net Assets as of 12/31/2018 $79,579,717
  • Plan Number333
  • Plan Type Multiple 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 12/31/2018

  • Active (Eligible) Participants6,761
  • Retired or separated participants receiving benefits125
  • Other retired or separated participants entitled to future benefits905
  • Subtotal7,791
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total7,791
  • Total number of participants as of 01/01/20187,773
  • Number of participants with account balances3,357
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested149

Expenses

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

Sponsor Information

  • Address395 West 600 North
  • CityLindon
  • StateUT
  • Zip84042-1330
  • Telephone(800) 748-5102
  • EIN87-0476353
  • Industry Code524210
  • Named AdministratorFiduciary Services

Plan Administrator Information

  • Administrator NameNational Benefit Services, LLC
  • Address8523 South Redwood Road
  • CityWest Jordan
  • StateUT
  • Zip84088
  • Telephone(801) 532-4000
  • Administrator EIN20-3886993

Audit Information

  • Audit StatusAudited
  • AuditorKeddington & Christensen
  • Auditor EIN45-4186798
  • 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.

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? 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 $16,365,200
Contributions $20,423,475
Cash Contributions $20,423,475
Cash from Employers $4,345,716
Cash from Participants $10,826,170
Others (including rollovers) $5,251,589
Noncash Contributions $0
Total Earnings on Investments $-4,058,275
Total Interest $99,802
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $99,802
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 $-4,158,077
Other Income $0
Expenses $10,345,275
Total Benefit Payments $9,798,114
Directly to participants or beneficiaries, including direct rollovers $9,798,114
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 $547,161
Professional Fees $547,161
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $6,019,925
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $6,885,430

Asset and Liability Statement

12/31/2018 12/31/2017 Change YOY
Total Assets $79,579,717 $68,270,124 16.57%
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 $1,195,122 $1,153,932 3.57%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $70,813,113 $62,179,196 13.89%
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 $7,571,482 $4,936,996 53.36%
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 $79,579,717 $68,270,124 16.57%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Transamerica Financial Life Insuran

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
Kristico, LLC Investment advisory (plan) Investment Advisory-Plan $362,560 $0 $362,560
National Benefit Services, LLC Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Recordkeeping fees Third Party Administrator $146,576 $2,086 $148,662
A Plus Benefits Plan Administrator Plan Administrator $10,000 $0 $10,000
Keddington & Christensen LLC Accounting (including auditing) Auditor $9,999 $0 $9,999
Transamerica Financial Life Insur Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Investment management fees paid indirectly by plan, Float revenue, Recordkeeping fees, Other insurance wrap fees Recordkeeper $9,860 $0 $9,860
Total $538,995 $2,086 $541,081

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
National Benefit Services, LLC Transamerica Financial Life Insur Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Recordkeeping fees Third Party Administration $2,086
*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
Ta Vanguard Lifestrategy Moderate G Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $6,947,050
Morgan Stanley Growth Ret Acct Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $4,890,185
Jpmorgan Extended Duration Ret Acct Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $3,619,360
State Street Russell Large Cap Grow Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $3,393,346
Ta Vanguard Total Stock Market Inde Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $3,173,837
Loomis Sayles Investment Grade Bond Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $2,583,794
Pioneer Strategic Income Ret Acct Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $2,523,251
Ab High Income Ret Acct Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $2,393,129
Virtus Ceredex Large-Cap Value Equi Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $2,342,359
Mfs Massachusetts Investors Ret Acc Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $2,307,656
State Street Russell Large Cap Valu Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $2,241,800
Transamerica Partners Stock Index R Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $2,227,160
Blackrock Equity Dividend Ret Acct Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $2,214,604
Ta Vanguard Lifestrategy Conservati Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $1,861,039
American Century One Choice 2030 Re Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $1,725,567
Ta Vanguard Lifestrategy Growth Ret Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $1,710,960
American Funds Europacific Growth R Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $1,641,744
American Funds New Perspective Ret Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $1,536,893
Ta Vanguard Lifestrategy Income Ret Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $1,396,799
American Century One Choice 2035 Re Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $1,250,266
State Street Emerging Markets Index Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $1,193,591
Templeton Global Bond Ret Acct Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $1,127,118
Transamerica Partners High Yield Bo Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $1,120,381
American Century One Choice 2040 Re Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $1,051,378
Clearbridge Small Cap Growth Ret Ac Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $927,597
Ta Vanguard Reit Index Ret Acct Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $900,527
Columbia Acorn International Ret Ac Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $884,803
Virtus Ceredex Mid-Cap Value Equity Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $877,163
American Century One Choice 2045 Re Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $814,265
American Century One Choice 2025 Re Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $794,721
Ta Vanguard Small-Cap Index Ret Acc Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $748,731
Blackrock Health Sciences Ops Ret A Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $725,065
Janus Henderson Balanced Ret Acct Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $704,435
American Century One Choice 2050 Re Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $693,172
State Street Russell Small Cap Grow Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $691,392
State Street S&P Mid Cap Index Ret Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $670,486
Ivy Science & Technology Ret Acct Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $620,585
State Street Russell Small Cap Valu Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $601,785
Transamerica Small/Mid Cap Value Re Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $514,887
Neuberger Berman Genesis Ret Acct Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $503,321
American Century One Choice In Reti Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $484,814
Wells Fargo Discovery Ret Acct Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $333,188
Aegon Balanced Ret Acct Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $332,440
American Century One Choice 2020 Re Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $319,566
Prudential Jennison Mid Cap Growth Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $315,016
Wells Fargo Precious Metals Ret Acc Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $253,680
American Century One Choice 2055 Po Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $211,947
Prudential Jennison Natural Resourc Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $199,976
Prudential Jennison Utility Ret Acc Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $160,143
American Century One Choice 2060 Re Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $13,864
Blackrock Global Allocation Ret Acc Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $13,537
Total $70,784,373

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Transamerica Financial Life Insurance Company 0
EIN 87-0476353
Industry Code 70688
Contract Number 932319
Contract Year 01/01/2018 — 12/31/2018
Value in General Account at Year End $0
Value in Separate Accounts at Year End $70,813,113
Insurance Fees and Commissions $0
Persons Receiving Commissions and Fees There are no brokers listed for this plan.
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 STABLE VALUE OPTION
Balance at the end of the previous year $5,190,499
Additions $4,798,009
Contributions Deposited during the year $1,842,730
Dividends and credits $0
Interest credited during the year $49,191
Transferred from separate account $896,315
Other $2,009,773
Total of Balance and Additions $9,988,508
Deductions $2,308,047
Disbursed from fund to pay benefits or purchase annuities during the year $1,137,983
Administration charge made by carrier $32,184
Transferred to Separate Account $518,264
Other $619,616
Balance at the end of the current year $7,680,461