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FORM 5500 DATA

Pacific Crest Industries, Inc. 401k Profit Sharing Plan & Trust

Overview

Plan Information

  • Plan Year01/01/2018 — 12/31/2018
  • Date of Plan07/01/1997
  • Net Assets as of 12/31/2018 $5,768,174
  • 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 Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2018

  • Active (Eligible) Participants284
  • Retired or separated participants receiving benefits3
  • Other retired or separated participants entitled to future benefits75
  • Subtotal362
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total362
  • Total number of participants as of 01/01/2018383
  • Number of participants with account balances225
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested3

Expenses

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

Sponsor Information

  • Address13610 - 52nd Street E.
  • CitySumner
  • StateWA
  • Zip98390
  • Telephone(253) 321-3011
  • EIN91-1127279
  • Industry Code337000
  • Named AdministratorNick Johnson

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.
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? Yes $26,795
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 $710,383
Contributions $1,168,870
Cash Contributions $1,168,870
Cash from Employers $352,588
Cash from Participants $625,501
Others (including rollovers) $190,781
Noncash Contributions $0
Total Earnings on Investments $-458,487
Total Interest $7,335
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $4,994
Interest from Other Investments $2,341
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 $-465,822
Other Income $0
Expenses $374,660
Total Benefit Payments $350,465
Directly to participants or beneficiaries, including direct rollovers $350,465
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 $24,195
Professional Fees $0
Contract Administrator Fees $24,195
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $335,723
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 $5,768,174 $5,432,451 6.18%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $91,865 $81,589 12.59%
Employer Contributions $91,865 $81,589 12.59%
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 $76,473 $71,598 6.81%
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 $5,599,836 $5,279,264 6.07%
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 $5,768,174 $5,432,451 6.18%

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 $968,804
Jh Multimanager Balanced Ls John Hancock USA DFE: Pooled Separate Account $703,994
Jh Multimanager Aggressive Ls John Hancock USA DFE: Pooled Separate Account $558,217
Jh Multimanager 2025 Lifetime John Hancock USA DFE: Pooled Separate Account $471,301
Blue Chip Growth Fund John Hancock USA DFE: Pooled Separate Account $236,617
500 Index Fund John Hancock USA DFE: Pooled Separate Account $228,710
Jh Multimanager Moderate Ls John Hancock USA DFE: Pooled Separate Account $125,445
Jh Multimanager 2045 Lifetime John Hancock USA DFE: Pooled Separate Account $115,034
Jh Multimanager Conserv Ls John Hancock USA DFE: Pooled Separate Account $112,014
Mid Cap Stock Fund John Hancock USA DFE: Pooled Separate Account $108,676
Mid Value Fund John Hancock USA DFE: Pooled Separate Account $105,285
Fundamental Large Cap Value John Hancock USA DFE: Pooled Separate Account $100,497
Small Cap Index Fund John Hancock USA DFE: Pooled Separate Account $92,656
Mid Cap Index Fund John Hancock USA DFE: Pooled Separate Account $90,241
Jh Multimanager 2040 Lifetime John Hancock USA DFE: Pooled Separate Account $87,514
American Century Heritage John Hancock USA DFE: Pooled Separate Account $81,207
Jh Multimanager 2055 Lifetime John Hancock USA DFE: Pooled Separate Account $73,879
Vanguard Growth Index Fund John Hancock USA DFE: Pooled Separate Account $72,361
Jh Multimanager 2035 Lifetime John Hancock USA DFE: Pooled Separate Account $70,220
Vanguard Mid-Cap Value Etf John Hancock USA DFE: Pooled Separate Account $68,437
Jh Multimanager 2030 Lifetime John Hancock USA DFE: Pooled Separate Account $61,596
Jh Multimanager 2060 Lifetime John Hancock USA DFE: Pooled Separate Account $59,826
T. Rowe Price Health Sci John Hancock USA DFE: Pooled Separate Account $57,308
Jh Multi-Index 2055 Preserv John Hancock USA DFE: Pooled Separate Account $57,175
Dfa International Value John Hancock USA DFE: Pooled Separate Account $56,496
Science & Technology Fund John Hancock USA DFE: Pooled Separate Account $54,916
T. Rowe Price Sci & Tech John Hancock USA DFE: Pooled Separate Account $52,008
Jh Multimanager 2020 Lifetime John Hancock USA DFE: Pooled Separate Account $50,989
Investment Company of America John Hancock USA DFE: Pooled Separate Account $43,046
American Balanced Fund John Hancock USA DFE: Pooled Separate Account $42,479
Europacific Growth Fund John Hancock USA DFE: Pooled Separate Account $37,097
Oppenheimer Developing Mkt John Hancock USA DFE: Pooled Separate Account $36,534
Vanguard Small Cap Grow Index John Hancock USA DFE: Pooled Separate Account $34,533
Dfa Emerging Markets Value John Hancock USA DFE: Pooled Separate Account $31,633
Jpmorgan U.S. Equity Fund John Hancock USA DFE: Pooled Separate Account $27,886
Templeton World John Hancock USA DFE: Pooled Separate Account $26,784
Vanguard Explorer Fund John Hancock USA DFE: Pooled Separate Account $26,773
Franklin Mutual Beacon Fund John Hancock USA DFE: Pooled Separate Account $25,909
Real Est. Securities Fund John Hancock USA DFE: Pooled Separate Account $24,183
Clearbridge Aggressive Growth John Hancock USA DFE: Pooled Separate Account $21,873
High Yield Fund John Hancock USA DFE: Pooled Separate Account $21,825
The Growth Fund of America John Hancock USA DFE: Pooled Separate Account $20,869
Jh Multi-Index 2025 Preserv John Hancock USA DFE: Pooled Separate Account $20,248
Blackrock Global Allocation John Hancock USA DFE: Pooled Separate Account $20,111
Jh Multi-Index 2045 Preserv John Hancock USA DFE: Pooled Separate Account $20,018
Vanguard Energy Fund John Hancock USA DFE: Pooled Separate Account $19,988
Financial Industries Fund John Hancock USA DFE: Pooled Separate Account $19,747
John Hancock Bond Fund John Hancock USA DFE: Pooled Separate Account $19,331
T. Rowe Price Equity Inc John Hancock USA DFE: Pooled Separate Account $15,683
Capital Appreciation Fund John Hancock USA DFE: Pooled Separate Account $15,536
Fidelity Advisor Total Bond John Hancock USA DFE: Pooled Separate Account $14,304
Jh Multimanager 2050 Lifetime John Hancock USA DFE: Pooled Separate Account $13,433
Invesco Small Cap Growth John Hancock USA DFE: Pooled Separate Account $11,504
Vanguard Short-Term Federal John Hancock USA DFE: Pooled Separate Account $8,257
Tocqueville Gold Fund John Hancock USA DFE: Pooled Separate Account $6,492
Jh Multi-Index 2060 Preserv John Hancock USA DFE: Pooled Separate Account $5,042
Jh Multi-Index 2050 Preserv John Hancock USA DFE: Pooled Separate Account $4,639
John Hancock Disciplined Value John Hancock USA DFE: Pooled Separate Account $3,829
T. Rowe Price New Era Fund John Hancock USA DFE: Pooled Separate Account $3,188
New Perspective Fund John Hancock USA DFE: Pooled Separate Account $3,127
Vanguard Value Index Fund John Hancock USA DFE: Pooled Separate Account $2,821
Equity Income Fund John Hancock USA DFE: Pooled Separate Account $2,806
Vanguard Mid-Cap Growth Etf John Hancock USA DFE: Pooled Separate Account $2,106
Washington Mutual Investors John Hancock USA DFE: Pooled Separate Account $2,102
Mutual Global Discovery John Hancock USA DFE: Pooled Separate Account $1,920
New World Fund John Hancock USA DFE: Pooled Separate Account $1,759
Oppenheimer Global John Hancock USA DFE: Pooled Separate Account $1,427
Fidelity Contrafund John Hancock USA DFE: Pooled Separate Account $1,370
Blackrock Basic Value John Hancock USA DFE: Pooled Separate Account $1,355
Jh Multi-Index 2020 Preserv John Hancock USA DFE: Pooled Separate Account $1,325
Pgim Jennison Mid Cap Growth John Hancock USA DFE: Pooled Separate Account $1,317
Jpmorgan Midcap Value Fund John Hancock USA DFE: Pooled Separate Account $1,283
Small Cap Value Fund John Hancock USA DFE: Pooled Separate Account $1,280
Fundamental Investors John Hancock USA DFE: Pooled Separate Account $1,186
Capital World Growth & Income John Hancock USA DFE: Pooled Separate Account $1,177
Dfa U.S. Small Cap Fund John Hancock USA DFE: Pooled Separate Account $1,142
Dfa Us Targeted Value Fund John Hancock USA DFE: Pooled Separate Account $888
Capital World Bond Fund John Hancock USA DFE: Pooled Separate Account $774
Oppenheimer Intl Growth Fund John Hancock USA DFE: Pooled Separate Account $773
Intl Equity Index Fund John Hancock USA DFE: Pooled Separate Account $675
Income Fund of America John Hancock USA DFE: Pooled Separate Account $656
Jh Multimanager 2015 Lifetime John Hancock USA DFE: Pooled Separate Account $616
U.S. Growth Fund John Hancock USA DFE: Pooled Separate Account $427
Total Stock Market Index Fund John Hancock USA DFE: Pooled Separate Account $421
T. Rowe Price Cap Appreciation John Hancock USA DFE: Pooled Separate Account $354
Pax Balanced Fund John Hancock USA DFE: Pooled Separate Account $336
U.S. High Yield Bond Fund John Hancock USA DFE: Pooled Separate Account $83
T. Rowe Price Sml Cap Val John Hancock USA DFE: Pooled Separate Account $19
Vanguard Small Cap Value Index John Hancock USA DFE: Pooled Separate Account $19
Royce Opportunity John Hancock USA DFE: Pooled Separate Account $19
Amg Managers Fairpointe Midcap John Hancock USA DFE: Pooled Separate Account $17
Templeton Global Bond Fund John Hancock USA DFE: Pooled Separate Account $10
Pimco Global Bond Opps Fund John Hancock USA DFE: Pooled Separate Account $10
T. Rowe Price Spectrum Inc John Hancock USA DFE: Pooled Separate Account $10
Utilities Fund John Hancock USA DFE: Pooled Separate Account $8
Pimco All Asset John Hancock USA DFE: Pooled Separate Account $8
Federated High Yield Bond John Hancock USA DFE: Pooled Separate Account $8
Oppenheimer Int'L Bond John Hancock USA DFE: Pooled Separate Account $4
Total $5,599,835

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock Life Insurance Company U.S.A. 249
EIN 01-0233346
Industry Code 65838
Contract Number 29366
Contract Year 01/01/2018 — 12/31/2018
Value in General Account at Year End $0
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $26,554
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Ubs Financial Services Ins Agency 601 - 108th Avenue NE Bellevue, WA 98004 Insurance Agent or Broker $23,599 $0
Flex-Plan Retirement Services, Inc. P.O. Box 1650 Issaquah, WA 98027 Third Party Administrator $0 $2,955 FORUM COMPENSATION
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 $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