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FORM 5500 DATA

A & B Precision Metals, Inc. 401k Plan

Overview

Plan Information

  • Plan Year01/01/2017 — 12/31/2017
  • Date of Plan04/02/1973
  • Net Assets as of 12/31/2017 $2,958,061
  • 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
  • Plan Benefit ArrangementInsurance

Participant Information as of 12/31/2017

  • Active (Eligible) Participants116
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits11
  • Subtotal127
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total127
  • Total number of participants as of 01/01/2017113
  • Number of participants with account balances79
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested10

Expenses

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

Sponsor Information

  • Address13715 Mount Anderson
  • CityRENO
  • StateNV
  • Zip89506
  • Telephone(775) 324-5497
  • EIN88-0117817
  • Industry Code332900
  • Named AdministratorJoan Arnett
  • Named Plan SponsorJoan Arnett

Audit Information

  • Audit StatusAudited
  • AuditorBarnard, Vogler & Co
  • Auditor EIN88-0118801
  • 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 $253,000
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 $544,541
Contributions $157,147
Cash Contributions $157,147
Cash from Employers $15,635
Cash from Participants $141,512
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $387,394
Total Interest $96
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 $96
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 $387,298
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 $115,251
Total Benefit Payments $91,207
Directly to participants or beneficiaries, including direct rollovers $91,207
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 $24,044
Professional Fees $825
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $23,219
Net Income $429,290
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 $2,958,061 $2,528,771 16.98%
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 $0 $0 0.0%
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 $2,957,596 $2,526,926 17.04%
Value of funds held in insurance co. general account $465 $1,845 -74.80%
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 $2,958,061 $2,528,771 16.98%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • John Hancock Life Insurance Company

Other Service Providers Receiving Direct or Indirect Compensation

There are no service providers listed for this plan.

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 Growth Ls John Hancock USA DFE: Pooled Separate Account $652,741
Jh Multimanager Balanced Ls John Hancock USA DFE: Pooled Separate Account $634,992
Vanguard Target Ret 2035 John Hancock USA DFE: Pooled Separate Account $301,032
American Century 2030 John Hancock USA DFE: Pooled Separate Account $169,899
Jh Multimanager Aggressive Ls John Hancock USA DFE: Pooled Separate Account $164,133
Jh Multimanager Conserv Ls John Hancock USA DFE: Pooled Separate Account $159,505
Money Market Fund John Hancock USA DFE: Pooled Separate Account $154,818
American Century In Retirement John Hancock USA DFE: Pooled Separate Account $136,138
500 Index Fund John Hancock USA DFE: Pooled Separate Account $134,996
Jh Multimanager Moderate Ls John Hancock USA DFE: Pooled Separate Account $95,522
Small Cap Index Fund John Hancock USA DFE: Pooled Separate Account $75,847
Mid Cap Index Fund John Hancock USA DFE: Pooled Separate Account $75,230
High Yield Fund John Hancock USA DFE: Pooled Separate Account $72,689
Vanguard Short-Term Federal John Hancock USA DFE: Pooled Separate Account $34,048
Jh Multimanager 2010 Lifetime John Hancock USA DFE: Pooled Separate Account $14,696
Intl Equity Index Fund John Hancock USA DFE: Pooled Separate Account $8,085
Utilities Fund John Hancock USA DFE: Pooled Separate Account $7,407
Washington Mutual Investors John Hancock USA DFE: Pooled Separate Account $7,280
Franklin Mutual Beacon Fund John Hancock USA DFE: Pooled Separate Account $5,804
Mid Cap Stock Fund John Hancock USA DFE: Pooled Separate Account $5,588
Fidelity Advisor Total Bond John Hancock USA DFE: Pooled Separate Account $4,053
Pimco Global Bond John Hancock USA DFE: Pooled Separate Account $3,997
Fundamental Large Cap Value John Hancock USA DFE: Pooled Separate Account $3,655
Mutual Global Discovery John Hancock USA DFE: Pooled Separate Account $3,226
Real Est. Securities Fund John Hancock USA DFE: Pooled Separate Account $3,120
Intl Small Cap Fund John Hancock USA DFE: Pooled Separate Account $3,065
Vanguard Target Ret 2060 John Hancock USA DFE: Pooled Separate Account $3,051
Europacific Growth Fund John Hancock USA DFE: Pooled Separate Account $3,014
Vanguard Small Cap Grow Index John Hancock USA DFE: Pooled Separate Account $2,944
Vanguard Small Cap Value Index John Hancock USA DFE: Pooled Separate Account $2,818
Oppenheimer Developing Mkt John Hancock USA DFE: Pooled Separate Account $2,479
Dfa U.S. Small Cap Fund John Hancock USA DFE: Pooled Separate Account $2,458
Blue Chip Growth Fund John Hancock USA DFE: Pooled Separate Account $2,046
Science & Technology Fund John Hancock USA DFE: Pooled Separate Account $1,899
Investment Company of America John Hancock USA DFE: Pooled Separate Account $1,664
T. Rowe Price Health Sci John Hancock USA DFE: Pooled Separate Account $1,337
Jpmorgan U.S. Equity Fund John Hancock USA DFE: Pooled Separate Account $1,088
Templeton World John Hancock USA DFE: Pooled Separate Account $636
Jh Multimanager 2055 Lifetime John Hancock USA DFE: Pooled Separate Account $595
The Growth Fund of America John Hancock USA DFE: Pooled Separate Account $0
Vanguard Target Ret 2050 John Hancock USA DFE: Pooled Separate Account $0
Capital Appreciation Fund John Hancock USA DFE: Pooled Separate Account $0
Jpmorgan Midcap Value Fund John Hancock USA DFE: Pooled Separate Account $0
Franklin Small-Mid Growth John Hancock USA DFE: Pooled Separate Account $0
Total $2,957,595

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock Life Insurance Company USA 82
EIN 01-0233346
Industry Code 65838
Contract Number 23754
Contract Year 01/01/2017 — 12/31/2017
Value in General Account at Year End $465
Value in Separate Accounts at Year End $2,957,596
Insurance Fees and Commissions $16,344
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Wells Fargo Advisors Ins Agency, Ll 6005 Plumas, Suite 200 RENO, NV 89519 Insurance Agent or Broker $16,344 $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 GROUP ANNUITY CONTRACT
Balance at the end of the previous year $1,845
Additions $369
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $0
Transferred from separate account $369
Other $0
Total of Balance and Additions $2,214
Deductions $1,749
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $0
Transferred to Separate Account $1,749
Other $0
Balance at the end of the current year $465