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Overview

Plan Information

  • Plan Year01/01/2006 — 12/31/2006
  • Date of Plan01/01/2000
  • Net Assets as of 12/31/2006 $5,077,576
  • 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?Yes
  • Plan Funding ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2006

  • Active (Eligible) Participants707
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits14
  • Subtotal721
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total721
  • Total number of participants as of 01/01/2006739
  • Number of participants with account balances271
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested0
  • Number of participants required to be reported on Schedule SSA4

Expenses

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

Sponsor Information

  • Address4019 21st Ave W
  • CitySeattle
  • StateWA
  • Zip98199-1251
  • Telephone(206) 282-0988
  • EIN92-0032180
  • Industry Code311710
  • Named AdministratorDennis J. Guhlke
  • Named Plan SponsorDennis J. Guhlke

Plan Administrator Information

  • Administrator NameSAME
  • Administrator EIN

Audit Information

  • Audit StatusAudited
  • AuditorMoss Adams LLP
  • Auditor EIN91-0189318
  • 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.

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 $1,000,000
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

Financials

Income and Expense Statement

Income $1,526,862
Contributions $975,576
Cash Contributions $975,576
Cash from Employers $0
Cash from Participants $945,223
Others (including rollovers) $30,353
Noncash Contributions $0
Total Earnings on Investments $552,315
Total Interest $4,035
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $3,640
Interest from Other Investments $395
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 $548,280
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 $-1,029
Expenses $298,328
Total Benefit Payments $239,858
Directly to participants or beneficiaries, including direct rollovers $239,858
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $57,556
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $914
Professional Fees $0
Contract Administrator Fees $914
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $1,228,534
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2006 12/31/2005 Change YOY
Total Assets $5,077,576 $3,849,042 31.92%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $10,259 $10,469 -2.01%
Employer Contributions $0 $0 0.0%
Participant Contributions $10,259 $10,469 -2.01%
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 $80,016 $54,326 47.29%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $4,960,372 $3,781,691 31.17%
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 $26,929 $2,556 953.56%
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 $5,077,576 $3,849,042 31.92%

Service Providers

Service Providers

There are no service providers listed for this plan.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Principal Divers Intl Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $740,976
Principal Lifetm 2050 Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $606,368
Prin Ptr Lg-Cap Gr I Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $586,967
Prin Ptr Lg-Cap Value Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $572,902
Principal Lifetm 2030 Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $454,966
Prin Ptr Sm-Cp Gr II Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $295,037
Principal U.S. Property Sepact Principal Life Insurance Company DFE: Pooled Separate Account $284,336
Prin Mid Cap Stk Idx Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $274,965
Principal Lifetm 2020 Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $250,235
Principal Bond and Mtg Sep Acc Principal Life Insurance Company DFE: Pooled Separate Account $196,793
Prin Ptr Sm-Cap Val I Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $194,783
Principal Money Mkt Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $193,024
Principal Lifetm 2010 Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $157,656
Prin Lg Cp Stk Idx Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $115,818
Principal Lifetm 2040 Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $28,880
Prin Lifetm Str Inc Sep Acct Principal Life Insurance Company DFE: Pooled Separate Account $6,666
Total $4,960,372

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Principal Life Insurance Company 721
EIN 42-0127290
Industry Code 61271
Contract Number 4-50902
Contract Year 01/01/2006 — 12/31/2006
Value in General Account at Year End $26,929
Value in Separate Accounts at Year End $4,960,372
Insurance Fees and Commissions $11,134
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Rab Agency Inc 1301 5th Ave 35th Fl Seattle, WA 98101 -0000 Insurance Agent or Broker $11,134 $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
Balance at the end of the previous year $2,556
Additions $26,762
Contributions Deposited during the year $4,041
Dividends and credits $0
Interest credited during the year $395
Transferred from separate account $21,543
Other $783
Total of Balance and Additions $29,318
Deductions $2,389
Disbursed from fund to pay benefits or purchase annuities during the year $1,054
Administration charge made by carrier $15
Transferred to Separate Account $0
Other $1,320
Balance at the end of the current year $26,929