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FORM 5500 DATA

Valley Residential Services 401k Plan

Overview

Plan Information

  • Plan Year01/01/2018 — 12/31/2018
  • Date of Plan02/01/2003
  • Net Assets as of 12/31/2018 $1,005,484
  • 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 Arrangement Trust

Participant Information as of 12/31/2018

  • Active (Eligible) Participants121
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits20
  • Subtotal141
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total141
  • Total number of participants as of 01/01/2018144
  • Number of participants with account balances136
  • 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

  • Address240 Bush Street
  • CityWalla Walla
  • StateWA
  • Zip99362
  • Telephone(509) 522-0400
  • EIN91-1163446
  • Industry Code623000
  • Named AdministratorNancy Riggle
  • Named Plan SponsorNancy Riggle

Audit Information

  • Audit StatusAudited
  • AuditorPresnell Gage
  • Auditor EIN20-1943775
  • 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.
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 $108,000
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? Yes
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 $35,460
Contributions $103,894
Cash Contributions $103,894
Cash from Employers $65,881
Cash from Participants $38,013
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $-68,434
Total Interest $11
Interest-Bearing Cash $11
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $0
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 $-68,445
Other Income $0
Expenses $102,251
Total Benefit Payments $101,711
Directly to participants or beneficiaries, including direct rollovers $101,711
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 $540
Professional Fees $0
Contract Administrator Fees $540
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $-66,791
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 $1,005,484 $1,072,275 -6.23%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $65,906 $61,903 6.47%
Employer Contributions $65,881 $61,878 6.47%
Participant Contributions $25 $25 0.00%
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 $938,526 $1,010,048 -7.08%
Value of funds held in insurance co. general account $1,052 $324 224.69%
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 $1,005,484 $1,072,275 -6.23%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • John Hancock USA

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 Life Insurance Company (USA) DFE: Pooled Separate Account $284,866
156805Timanager Balanced Ls John Hancock Life Insurance Company (USA) DFE: Pooled Separate Account $156,805
Jh Multimanager Conserv Ls John Hancock Life Insurance Company (USA) DFE: Pooled Separate Account $115,649
Jh Multimanager Moderate Ls John Hancock Life Insurance Company (USA) DFE: Pooled Separate Account $74,666
Jh Multimanager Aggressive Ls John Hancock Life Insurance Company (USA) DFE: Pooled Separate Account $63,434
Blackrock High Yield Bond Fund John Hancock Life Insurance Company (USA) DFE: Pooled Separate Account $34,537
Europacific Growth Fund John Hancock Life Insurance Company (USA) DFE: Pooled Separate Account $27,203
Science & Technology Fund John Hancock Life Insurance Company (USA) DFE: Pooled Separate Account $23,232
500 Index Fund John Hancock Life Insurance Company (USA) DFE: Pooled Separate Account $19,118
Blue Chip Growth Fund John Hancock Life Insurance Company (USA) DFE: Pooled Separate Account $15,149
T. Rowe Price Health Science John Hancock Life Insurance Company (USA) DFE: Pooled Separate Account $14,404
American Balanced Fund John Hancock Life Insurance Company (USA) DFE: Pooled Separate Account $13,588
Pimco Global Bond John Hancock Life Insurance Company (USA) DFE: Pooled Separate Account $13,141
Floating Rate Income Fund John Hancock Life Insurance Company (USA) DFE: Pooled Separate Account $11,968
T. Rowe Price Euity Inc John Hancock Life Insurance Company (USA) DFE: Pooled Separate Account $11,885
Oppenheimer Developing Mrkt John Hancock Life Insurance Company (USA) DFE: Pooled Separate Account $9,383
Vanguard Lt Treasury Index John Hancock Life Insurance Company (USA) DFE: Pooled Separate Account $9,357
Franklin Mutual Beacon Fund John Hancock Life Insurance Company (USA) DFE: Pooled Separate Account $8,910
Utilities Fund John Hancock Life Insurance Company (USA) DFE: Pooled Separate Account $6,735
High Yield Fund John Hancock Life Insurance Company (USA) DFE: Pooled Separate Account $6,541
Jp Morgan Us Equity Fund John Hancock Life Insurance Company (USA) DFE: Pooled Separate Account $5,944
Capital Appreciation Fund John Hancock Life Insurance Company (USA) DFE: Pooled Separate Account $3,897
Money Market Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $2,125
T Rowe Price Sci & Tech John Hancock Life Insurance Company (USA) DFE: Pooled Separate Account $1,234
International Value Fund John Hancock Life Insurance Company (USA) DFE: Pooled Separate Account $794
Total Stock Monket Index Fund John Hancock Life Insurance Company (USA) DFE: Pooled Separate Account $643
Mutual Global Discovery John Hancock Life Insurance Company (USA) DFE: Pooled Separate Account $564
Fidelity Advisor Total Bond John Hancock Life Insurance Company (USA) DFE: Pooled Separate Account $549
Vanguard Short-Term Federal John Hancock Life Insurance Company (USA) DFE: Pooled Separate Account $347
Total $936,668

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock Life Insurance Company (U.S.A.) 137
EIN 01-0233346
Industry Code 65838
Contract Number 21058
Contract Year 01/01/2018 — 12/31/2018
Value in General Account at Year End $2,909
Value in Separate Accounts at Year End $936,668
Insurance Fees and Commissions $16,288
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Raymond James Insurance Company Six East Alder Street, Suite 307 Walla Walla, WA 99362 Investment Manager/Adviser $7,604 $7,604 BROKER COMMISSION
Retirement Plan Specialists, Inc. 1212 N. Washington, Suite 10 Spokane, WA 99201 Third Party Administrator $540 $540 TPA FEES
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 $324
Additions $728
Contributions Deposited during the year $717
Dividends and credits $11
Interest credited during the year $0
Transferred from separate account $0
Other $0
Total of Balance and Additions $1,052
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 $1,052