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FORM 5500 DATA

Andreini & Company 401k Profit Sharing Plan

Overview

Plan Information

  • Plan Year01/01/2017 — 12/31/2017
  • Date of Plan01/01/1987
  • Net Assets as of 12/31/2017 $23,807,419
  • 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 12/31/2017

  • Active (Eligible) Participants181
  • Retired or separated participants receiving benefits2
  • Other retired or separated participants entitled to future benefits41
  • Subtotal224
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total224
  • Total number of participants as of 01/01/2017214
  • Number of participants with account balances200
  • 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

  • Address220 West Twentieth Avenue
  • CitySan Mateo
  • StateCA
  • Zip94403
  • Telephone(650) 573-1111
  • EIN94-1482568
  • Industry Code524210
  • Named AdministratorHenry Chen

Audit Information

  • Audit StatusAudited
  • AuditorBpm LLP
  • Auditor EIN81-4234542
  • 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.
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 $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
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 $5,087,762
Contributions $1,920,483
Cash Contributions $1,920,483
Cash from Employers $212,061
Cash from Participants $1,252,248
Others (including rollovers) $456,174
Noncash Contributions $0
Total Earnings on Investments $3,167,279
Total Interest $33,310
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $12,190
Interest from Other Investments $21,120
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 $3,133,969
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 $779,944
Total Benefit Payments $777,104
Directly to participants or beneficiaries, including direct rollovers $777,104
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 $2,840
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $2,840
Net Income $4,307,818
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 $23,807,419 $19,499,601 22.09%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $40,459 $0 0.0%
Employer Contributions $3,135 $0 0.0%
Participant Contributions $37,324 $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 $244,178 $249,547 -2.15%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $21,587,737 $17,500,199 23.36%
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 $1,935,045 $1,749,855 10.58%
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 $23,807,419 $19,499,601 22.09%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Transamerica Financial Life Insuran

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
Transamerica Financial Life Insuran Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Investment management fees paid indirectly by plan, Float revenue, Recordkeeping fees, Other insurance wrap fees Recordkeeper $2,840 $0 $2,840
Total $2,840 $0 $2,840

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
Ta Blackrock Lifepath Index 2020 Re Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $2,452,857
Transamerica Partners Stock Index R Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $2,363,151
Ta Blackrock Lifepath Index 2035 Re Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $2,171,321
Ta Blackrock Lifepath Index 2025 Re Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $2,160,423
American Funds Growth Fund of Ameri Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $2,054,556
Oakmark International Ret Acct Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $1,214,771
Ta Blackrock Lifepath Index 2030 Re Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $1,134,033
Prudential Total Return Bond Ret Ac Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $1,125,071
Janus Triton Ret Acct Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $990,948
Ta Blackrock Lifepath Index 2045 Re Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $848,028
Virtus Ceredex Lrg Cap Val Eqty Ret Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $754,260
Janus Enterprise Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $547,209
American Funds New Perspective Ret Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $511,356
Franklin Utilities Ret Acct Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $500,517
Ta Blackrock Lifepath Index 2040 Re Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $479,898
Victory Established Value Ret Acct Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $369,151
Ssga S&P Mid Cap Index Ret Acct Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $338,734
Alliancebernstein High Income Ret A Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $311,875
Blackrock Health Sciences Ops Ret A Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $261,178
Oppenheimer Developing Markets Ret Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $235,573
Prudential Jenn Natural Resources R Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $187,338
Ta Blackrock Lifepath Index 2050 Re Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $146,299
Templeton Global Bond Ret Acct Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $141,409
Ta Blackrock Lifepath Index 2055 Re Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $132,659
Nuveen Real Estate Securities Ret A Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $80,770
Ta Blackrock Lifepath Index Retirem Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $50,213
Ta Blackrock Lifepath Index 2060 Re Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $21,521
Blackrock Global Allocation Ret Acc Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $2,618
State Street Russell Small Cap Ind Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $0
State Street Us Bond Inex Ret Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $0
Thornburg International Value Ret Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $0
Transamerica Partners High Quality Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $0
Ta Vanguard Target Retirement 2010 Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $0
Ta Vanguard Target Retirement 2015 Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $0
Ridgeworth Ceredex Mid-Cap Value Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $0
Ridgeworth Ceredex Small Cap Value Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $0
Prudential Jennison Small Company Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $0
Pimco Total Return Ret Acct Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $0
Manning & Napier Pro-Mix Moderate Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $0
American Funds Europacific Growth Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $0
Goldman Sachs Mid-Cap Opport. Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $0
Invesco Mid Cap Core Equity Ret Ac Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $0
Jpmorgan High Yield Ret Acct Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $0
Mfs Massachusetts Investors Ret Ac Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $0
Manning & Napier Pro-Mix Conservat Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $0
Manning & Napier Pro-Mix Extended Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $0
Manning & Napier Pro-Mix Maximum Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $0
Wells Fargo Small Cap Value Ret Ac Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $0
Total $21,587,737

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Transamerica Financial Life Insurance Company 200
EIN 36-6071399
Industry Code 70688
Contract Number 341885
Contract Year 01/01/2017 — 12/31/2017
Value in General Account at Year End $1,935,045
Value in Separate Accounts at Year End $21,587,737
Insurance Fees and Commissions $49,665
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Axa Network LLC Blair L Martin Harrisburg, PA 17110 Insurance Agent or Broker $45,921 $0
Sbhu Life Agency Inc Robert L Summers Owing Mills, MD 21117 Insurance Agent or Broker $1,872 $0
Sbhu Life Agency Inc Jeffrey S Taggart Owing Mills, MD 21117 Insurance Agent or Broker $1,872 $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 STABLE VALUE OPTION & EXPENSE BUDGET ACCOUNT (EBA)
Balance at the end of the previous year $1,749,855
Additions $1,639,360
Contributions Deposited during the year $61,781
Dividends and credits $0
Interest credited during the year $21,120
Transferred from separate account $1,507,165
Other $49,294
Total of Balance and Additions $3,389,215
Deductions $1,454,170
Disbursed from fund to pay benefits or purchase annuities during the year $44,894
Administration charge made by carrier $937
Transferred to Separate Account $1,392,147
Other $16,192
Balance at the end of the current year $1,935,045