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FORM 5500 DATA

Aavid Thermalloy, LLC Savings Incentive Plan

Overview

Plan Information

  • Plan Year01/01/2018 — 12/31/2018
  • Date of Plan01/01/1989
  • Net Assets as of 12/31/2018 $23,326,022
  • 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) Participants287
  • Retired or separated participants receiving benefits5
  • Other retired or separated participants entitled to future benefits117
  • Subtotal409
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total409
  • Total number of participants as of 01/01/2018453
  • Number of participants with account balances336
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested43

Expenses

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

Sponsor Information

  • Address1 Aavid Circle
  • CityLaconia
  • StateNH
  • Zip03246
  • Telephone(603) 224-9988
  • EIN91-2028289
  • Industry Code335900
  • Named AdministratorEric Struik

Audit Information

  • Audit StatusAudited
  • AuditorCaron & Bletzer, PLLC
  • Auditor EIN04-3499945
  • 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.
2R Brokerage Window Participant-directed brokerage accounts provided as an investment option under the plan.
2S Automatic Enrollment Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
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 $10,000,000
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 $140,715
Contributions $1,558,055
Cash Contributions $1,558,055
Cash from Employers $375,972
Cash from Participants $1,028,558
Others (including rollovers) $153,525
Noncash Contributions $0
Total Earnings on Investments $-1,417,340
Total Interest $13,028
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $13,028
Interest from Other Investments $0
Total Dividends $-1,430,368
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 $0
Other Income $0
Expenses $4,252,786
Total Benefit Payments $4,084,926
Directly to participants or beneficiaries, including direct rollovers $4,084,926
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $37,592
Interest expense $0
Total Administrative Expenses $130,268
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $130,268
Net Income $-4,112,071
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 $23,326,022 $27,438,093 -14.99%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $14,596 $12,918 12.99%
Employer Contributions $4,590 $4,164 10.23%
Participant Contributions $10,006 $8,754 14.30%
Other Contributions $0 $0 0.0%
General Investments $199 $0 0.0%
Interest-bearing cash $199 $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 $281,848 $263,501 6.96%
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 $21,528,238 $25,839,456 -16.68%
Value of funds held in insurance co. general account $1,501,141 $1,322,218 13.53%
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 $23,326,022 $27,438,093 -14.99%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

There is no information on eligible indirect compensation for this plan.

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
Nationwide Trust Company Recordkeeping and information management (computing, tabulating, data processing, etc.), Custodial (other than securities), Custodial (securities), Participant loan processing, Other services, Shareholder servicing fees, Sub-transfer agency fees, Distribution (12b-1) fees, Recordkeeping fees, Other fees Record Keeper, Custodian $40,798 $11,497 $52,295
Commonwealth Financial Securities brokerage, Other fees Broker Dealer of Plan Adv $51,213 $0 $51,213
Summit Financial Corporation Contract Administrator, Consulting (general), Consulting (pension), Participant loan processing, Direct payment from the plan, Consulting fees, Other fees Tpa, Advisor $26,761 $5,749 $32,510
Meeder Advisor Services Investment advisory (participants), Direct payment from the plan RIA $11,497 $0 $11,497
Total $130,269 $17,246 $147,515

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Nationwide Trust Company Meeder Investment Management Other services, Recordkeeping fees $0
Nationwide Trust Company Federated Investors Recordkeeping and information management (computing, tabulating, data processing, etc.), Other services, Shareholder servicing fees, Sub-transfer agency fees, Distribution (12b-1) fees $0
Nationwide Trust Company Fidelity Investments Recordkeeping and information management (computing, tabulating, data processing, etc.), Other services, Shareholder servicing fees, Sub-transfer agency fees, Distribution (12b-1) fees $0
Nationwide Trust Company Invesco Investments Recordkeeping and information management (computing, tabulating, data processing, etc.), Other services, Shareholder servicing fees, Sub-transfer agency fees, Distribution (12b-1) fees $0
Nationwide Trust Company Jp Morgan Investment Management Recordkeeping and information management (computing, tabulating, data processing, etc.), Other services, Shareholder servicing fees, Sub-transfer agency fees, Distribution (12b-1) fees $0
Nationwide Trust Company Massachusetts Financial Services Co Recordkeeping and information management (computing, tabulating, data processing, etc.), Other services, Shareholder servicing fees, Sub-transfer agency fees, Distribution (12b-1) fees $0
Nationwide Trust Company Meeder Funds Recordkeeping and information management (computing, tabulating, data processing, etc.), Other services, Shareholder servicing fees, Sub-transfer agency fees, Distribution (12b-1) fees $0
Nationwide Trust Company Natixix Funds Recordkeeping and information management (computing, tabulating, data processing, etc.), Other services, Shareholder servicing fees, Sub-transfer agency fees, Distribution (12b-1) fees $0
Nationwide Trust Company Neuberger Berman Management Inc Recordkeeping and information management (computing, tabulating, data processing, etc.), Other services, Shareholder servicing fees, Sub-transfer agency fees, Distribution (12b-1) fees $0
Nationwide Trust Company Oakmark Family of Funds Recordkeeping and information management (computing, tabulating, data processing, etc.), Other services, Shareholder servicing fees, Sub-transfer agency fees, Distribution (12b-1) fees $0
Nationwide Trust Company Oppenheimer Funds Recordkeeping and information management (computing, tabulating, data processing, etc.), Other services, Shareholder servicing fees, Sub-transfer agency fees, Distribution (12b-1) fees $0
Nationwide Trust Company Pioneer Funds Recordkeeping and information management (computing, tabulating, data processing, etc.), Other services, Shareholder servicing fees, Sub-transfer agency fees, Distribution (12b-1) fees $0
Nationwide Trust Company T. Rowe Price Recordkeeping and information management (computing, tabulating, data processing, etc.), Other services, Shareholder servicing fees, Sub-transfer agency fees, Distribution (12b-1) fees $0
Nationwide Trust Company Victory Funds Recordkeeping and information management (computing, tabulating, data processing, etc.), Other services, Shareholder servicing fees, Sub-transfer agency fees, Distribution (12b-1) fees $0
Summit Financial Corporation Nationwide Trust Company Contract Administrator, Consulting (pension), Participant loan processing, Consulting fees, Other fees $0
Commonwealth Financial Nationwide Trust Company Securities brokerage, Other fees $0
*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

No investments information available for this plan.

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Nationwide Life Insurance Company 0
EIN 31-4156830
Industry Code 66869
Contract Number
Contract Year —
Value in General Account at Year End $1,501,141
Value in Separate Accounts at Year End $0
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 Guaranteed Investment
Balance at the end of the previous year $1,322,218
Additions $645,717
Contributions Deposited during the year $38,728
Dividends and credits $0
Interest credited during the year $26,412
Transferred from separate account $580,295
Other $282
Total of Balance and Additions $1,967,935
Deductions $466,794
Disbursed from fund to pay benefits or purchase annuities during the year $230,773
Administration charge made by carrier $3,846
Transferred to Separate Account $231,622
Other $553
Balance at the end of the current year $1,501,141