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FORM 5500 DATA

A & K Earth Movers, Inc. Retirement Plan

Overview

Plan Information

  • Plan Year01/01/2017 — 12/31/2017
  • Date of Plan09/01/1988
  • Net Assets as of 12/31/2017 $6,323,218
  • 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? No
  • Plan Funding ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2017

  • Active (Eligible) Participants179
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits69
  • Subtotal248
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total248
  • Total number of participants as of 01/01/2017284
  • Number of participants with account balances205
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2

Expenses

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

Sponsor Information

  • Address515 Windmill Drive
  • CityFallon
  • StateNV
  • Zip89406-5501
  • Telephone(775) 423-6085
  • EIN88-0097157
  • Industry Code237990
  • Named AdministratorKelly Hiatt

Audit Information

  • Audit StatusAudited
  • AuditorCliftonlarsonallen LLP
  • Auditor EIN41-0746749
  • 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 $1,757,752
Contributions $1,085,189
Cash Contributions $1,085,189
Cash from Employers $868,505
Cash from Participants $216,684
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $667,263
Total Interest $799
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $799
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 $666,464
Other Income $5,300
Expenses $908,224
Total Benefit Payments $894,922
Directly to participants or beneficiaries, including direct rollovers $894,922
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 $13,302
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $13,302
Other Administrative Fees $0
Net Income $849,528
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2017 12/31/2016 Change YOY
Total Assets $6,323,218 $5,473,690 15.52%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $87,086 $75,859 14.80%
Employer Contributions $83,818 $70,743 18.48%
Participant Contributions $3,268 $5,116 -36.12%
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 $13,602 $33,810 -59.77%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $5,391,818 $4,633,932 16.36%
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 $830,712 $730,089 13.78%
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 $6,323,218 $5,473,690 15.52%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Transamerica Life Insurance Company

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
Hicks Pension Services - Fresno Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Recordkeeping fees Recordkeeper $11,550 $283 $11,833
Transamerica Life Insurance Company 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 $1,752 $0 $1,752
Total $13,302 $283 $13,585

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
Loomis Sayles Investment Grade Bond Transamerica Life Insurance Company DFE: Pooled Separate Account $685,977
Dfa Inflation-Protected Securities Transamerica Life Insurance Company DFE: Pooled Separate Account $467,815
Alliancebernstein High Income Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $429,259
Blackrock Equity Dividend Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $351,272
Morgan Stanley Growth Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $336,149
Pimco Income Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $328,872
Ssga Russell Large Cap Growth Idx Transamerica Life Insurance Company DFE: Pooled Separate Account $298,892
Vanguard Lifestrategy Conservative Transamerica Life Insurance Company DFE: Pooled Separate Account $284,745
American Funds Washington Mutual Transamerica Life Insurance Company DFE: Pooled Separate Account $270,911
American Funds New Perspective Transamerica Life Insurance Company DFE: Pooled Separate Account $205,918
First Eagle Overseas Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $194,055
American Funds Balanced Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $192,085
Clearbrige Appreciation Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $186,530
Transamerica Partners High Yield Bd Transamerica Life Insurance Company DFE: Pooled Separate Account $168,921
Jp Morgan U.S. Equity Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $164,239
Vanguard Total Stock Market Idx Fd Transamerica Life Insurance Company DFE: Pooled Separate Account $163,731
Legg Mason Bw Global Opp Bond Ret O Transamerica Life Insurance Company DFE: Pooled Separate Account $140,093
Ssga S & P Mid Cap Index Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $72,254
Neuberger Berman Real Estate Ret Op Transamerica Life Insurance Company DFE: Pooled Separate Account $71,377
Blackrock Health Sciences Ops Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $69,251
Neuberger Berman Genesis Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $51,934
Ssga Russell Small Cap Index Ret Op Transamerica Life Insurance Company DFE: Pooled Separate Account $41,457
Vanguard Small-Cap Growth Indexta V Transamerica Life Insurance Company DFE: Pooled Separate Account $40,547
Alliancebernstein Small Cap Growth Transamerica Life Insurance Company DFE: Pooled Separate Account $34,342
Franklin Utilities Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $31,818
Transamerica Small/Mid Cap Value Transamerica Life Insurance Company DFE: Pooled Separate Account $26,185
Blackrock Global Allocation Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $26,133
Virtus Ceredex Mid-Cap Value Equity Transamerica Life Insurance Company DFE: Pooled Separate Account $25,209
Prudential Jennison Mid Cap Growth Transamerica Life Insurance Company DFE: Pooled Separate Account $10,287
American Century Mid Cap Value Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $8,169
Goldman Sachs Mid-Cap Opportunities Transamerica Life Insurance Company DFE: Pooled Separate Account $7,560
Vanguard Lifestrategy Moderate Grth Transamerica Life Insurance Company DFE: Pooled Separate Account $5,831
Total $5,391,818

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Transamerica Life Insurance Company 205
EIN 39-0989781
Industry Code 86231
Contract Number 803624-000
Contract Year 01/01/2017 — 12/31/2017
Value in General Account at Year End $0
Value in Separate Accounts at Year End $5,391,818
Insurance Fees and Commissions $14,251
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Fsc Agency, Inc. Producer - Gregory A. Crosby Atlanta, GA 30339 Insurance Agent or Broker $14,251 $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 STABLE VALUE OPTION
Balance at the end of the previous year $730,089
Additions $199,571
Contributions Deposited during the year $117,331
Dividends and credits $0
Interest credited during the year $5,275
Transferred from separate account $65,576
Other $11,389
Total of Balance and Additions $929,660
Deductions $98,948
Disbursed from fund to pay benefits or purchase annuities during the year $76,829
Administration charge made by carrier $0
Transferred to Separate Account $19,836
Other $2,283
Balance at the end of the current year $830,712