Back to top
FORM 5500 DATA

Pacific States Industries, Inc. 401k Profit Sharing Plan

Overview

Plan Information

  • Plan Year04/01/2017 — 03/31/2018
  • Date of Plan04/01/1980
  • Net Assets as of 03/31/2018 $13,291,393
  • 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 03/31/2018

  • Active (Eligible) Participants382
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits57
  • Subtotal439
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total439
  • Total number of participants as of 04/01/2017443
  • Number of participants with account balances245
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested0

Expenses

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

Sponsor Information

  • AddressP.O. Box 1300
  • CityMorgan Hill
  • StateCA
  • Zip95038
  • Telephone(408) 831-7222
  • EIN94-2565203
  • Industry Code113310
  • Named AdministratorKate Haberland
  • Named Plan SponsorKate Haberland

Audit Information

  • Audit StatusAudited
  • AuditorFrank, Rimerman & Co., LLP
  • Auditor EIN94-1341042
  • 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.
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.
3H Controlled Group Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

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 $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? Yes
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? Yes

Financials

Income and Expense Statement

Income $2,330,710
Contributions $1,294,137
Cash Contributions $1,294,137
Cash from Employers $302,175
Cash from Participants $577,701
Others (including rollovers) $414,261
Noncash Contributions $0
Total Earnings on Investments $1,207,037
Total Interest $232,852
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $1,914
Interest from Other Investments $230,938
Total Dividends $27,920
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 $1,123,481
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 $-177,216
Other Income $-170,464
Expenses $459,894
Total Benefit Payments $438,238
Directly to participants or beneficiaries, including direct rollovers $438,238
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 $21,656
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $21,656
Net Income $1,870,816
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

03/31/2018 03/31/2017 Change YOY
Total Assets $13,291,393 $11,424,084 16.35%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $0 $33,397 -100.00%
Employer Contributions $0 $14,480 -100.00%
Participant Contributions $0 $18,917 -100.00%
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 $257,235 $170,663 50.73%
Value of interest in common/collective trusts $3,874,858 $0 0.0%
Value of interest in pooled separate accounts $0 $7,266,584 -100.00%
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 $9,159,300 $0 0.0%
Value of funds held in insurance co. general account $0 $3,953,440 -100.00%
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 $3,507 -100.00%
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 $3,507 -100.00%
Net Assets $13,291,393 $11,420,577 16.38%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Voya Retirement Insurance and Annui

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
Voya Retirement Insurance and Annui Investment advisory (plan), Recordkeeping fees Service Provider $21,656 $4,451 $26,107
Quintes Administrative and Insuranc Other fees Service Provider $0 $17,010 $17,010
UBS Financial Services Inc. Other fees Service Provider $5,513 $6,976 $12,489
Frank, Rimerman & Co. LLP Accounting (including auditing) Service Provider $5,291 $0 $5,291
Total $32,460 $28,437 $60,897

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Voya Retirement Insurance and Annui Voya Retirement Insurance and Annui Investment advisory (plan) Investment Advisory (Plan) $4,451
Quintes Administrative and Insuranc Voya Retirement Insurance and Annui Other fees Other Fees $17,010
UBS Financial Services Inc. Voya Retirement Insurance and Annui Other fees Other Fees $6,976
*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

Name of Investment Investment Manager Type of Investment Dollar Value
Variable Annuity Account D Voya Retirement Insurance and Annuity DFE: Common/Collective Trust $3,874,858
Trowe Price Retirement 2060 Fund Voya Retirement Insurance and Annuity DFE: Pooled Separate Account $0
Vanguard Vif-Small Comp Growth Port Voya Retirement Insurance and Annuity DFE: Pooled Separate Account $0
Voya Fixed Account Voya Retirement Insurance and Annuity DFE: Pooled Separate Account $0
Voya Cov Money Mkt Fd A Voya Retirement Insurance and Annuity DFE: Pooled Separate Account $0
Voya Govt Money Market Portfolio Voya Retirement Insurance and Annuity DFE: Pooled Separate Account $0
Voya High Yield Portfolio Srv Voya Retirement Insurance and Annuity DFE: Pooled Separate Account $0
Voya Intermediate Bond Port Voya Retirement Insurance and Annuityvoya Retirement Insurance and Ann DFE: Pooled Separate Account $0
Voya Large Cap Growth Port Inst Voya Retirement Insurance and Annuity DFE: Pooled Separate Account $0
Voya Midcap Opportunities Port Voya Retirement Insurance and Annuity DFE: Pooled Separate Account $0
Voya Russell Mid Cap Index Port Voya Retirement Insurance and Annuity DFE: Pooled Separate Account $0
Voya Small Company Portfolio Voya Retirement Insurance and Annuity DFE: Pooled Separate Account $0
Voya Us Stock Index Port Inst Voya Retirement Insurance and Annuity DFE: Pooled Separate Account $0
Vy Clarion Real Estate Port Srv Voya Retirement Insurance and Annuity DFE: Pooled Separate Account $0
Vy Columbia Small Cap Val II Port Voya Retirement Insurance and Annuity DFE: Pooled Separate Account $0
Vy Jpmorgan Mid Cap Val Port Voya Retirement Insurance and Annuity DFE: Pooled Separate Account $0
Trowe Price Retirement 2055 Fund Voya Retirement Insurance and Annuity DFE: Pooled Separate Account $0
Trowe Price Retirement 2050 Fund Voya Retirement Insurance and Annuity DFE: Pooled Separate Account $0
American Funds Am Balanced Voya Retirement Insurance and Annuity DFE: Pooled Separate Account $0
American Funds Cap Inv Bld Voya Retirement Insurance and Annuity DFE: Pooled Separate Account $0
American Funds Europacific Voya Retirement Insurance and Annuity DFE: Pooled Separate Account $0
American Funds New Perspective Voya Retirement Insurance and Annuity DFE: Pooled Separate Account $0
Pimco Vit Real Return Portfolio Adm Voya Retirement Insurance and Annuity DFE: Pooled Separate Account $0
Pioneer Equity Income Fund Voya Retirement Insurance and Annuity DFE: Pooled Separate Account $0
Pioneer Strategic Income Fund Voya Retirement Insurance and Annuity DFE: Pooled Separate Account $0
Trowe Price Blue Chip Growth Fd Adv Voya Retirement Insurance and Annuity DFE: Pooled Separate Account $0
Trowe Price Retirement 2015 Fund Voya Retirement Insurance and Annuity DFE: Pooled Separate Account $0
Trowe Price Retirement 2020 Fund Voya Retirement Insurance and Annuity DFE: Pooled Separate Account $0
Trowe Price Retirement 2025 Fund Voya Retirement Insurance and Annuity DFE: Pooled Separate Account $0
Trowe Price Retirement 2030 Fund Voya Retirement Insurance and Annuity DFE: Pooled Separate Account $0
Trowe Price Retirement 2035 Fund Voya Retirement Insurance and Annuity DFE: Pooled Separate Account $0
Trowe Price Retirement 2040 Fund Voya Retirement Insurance and Annuity DFE: Pooled Separate Account $0
Trowe Price Retirement 2045 Fund Voya Retirement Insurance and Annuity DFE: Pooled Separate Account $0
Ab Global Bond Fund Voya Retirement Insurance and Annuity DFE: Pooled Separate Account $0
Total $3,874,858

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Voya Retirement Insurance and Annuity Co 0
EIN 71-0294708
Industry Code 86509
Contract Number GH3154
Contract Year 04/01/2017 — 01/09/2018
Value in General Account at Year End $0
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $26,802
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Quintes Admin and Insurance Svcs 1188 Padre Dr Ste 200 Salinas, CA 93901 Insurance Agent or Broker $13,600 $0
Gawlick Frederick A 266 Bridlewood Ct Santa Cruz, CA 95060 Insurance Agent or Broker $8,904 $0
Quintes Admin and Insurance Svcs 1188 Padre Dr Ste 200 Salinas, CA 93901 Third Party Administrator $0 $4,298 TPA PARTNERSHIP PROGRAM
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 OTHER GROUP PENSION FUNDING
Balance at the end of the previous year $3,781,245
Additions $445,194
Contributions Deposited during the year $148,832
Dividends and credits $0
Interest credited during the year $230,938
Transferred from separate account $0
Other $65,424
Total of Balance and Additions $4,226,439
Deductions $4,226,439
Disbursed from fund to pay benefits or purchase annuities during the year $62,930
Administration charge made by carrier $4,525
Transferred to Separate Account $37,279
Other $4,121,705
Balance at the end of the current year $0