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Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan11/01/1996
  • Net Assets as of 12/31/2019 $79,326,123
  • 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 12/31/2019

  • Active (Eligible) Participants1,610
  • Retired or separated participants receiving benefits4
  • Other retired or separated participants entitled to future benefits359
  • Subtotal1,973
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits2
  • Total1,975
  • Total number of participants as of 01/01/20191,077
  • Number of participants with account balances1,871
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested92


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

Sponsor Information

  • Address26462 Corporate Avenue
  • CityHayward
  • StateCA
  • Zip94545
  • Telephone(510) 576-4670
  • EIN94-3144654
  • Industry Code339900
  • Named AdministratorHeather Tuttle

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.
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.
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? Yes $330,450
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 $3,000,000
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? Yes $126
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


Income and Expense Statement

Income $26,560,136
Contributions $11,711,892
Cash Contributions $11,711,892
Cash from Employers $2,189,254
Cash from Participants $8,136,104
Others (including rollovers) $1,386,534
Noncash Contributions $0
Total Earnings on Investments $14,673,198
Total Interest $251,677
Interest-Bearing Cash $13,242
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $116,103
Interest from Other Investments $122,332
Total Dividends $2,706,553
Preferred Stock $0
Common Stock $9,545
Rents $0
Net gain (loss) on sale of assets $320,387
Aggregate Proceeds $3,463,005
Aggregate Carrying Amount $3,142,618
Total Unrealized Appreciation (depreciation) of assets $37,323
Real Estate $0
Other $37,323
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 $11,357,258
Other Income $175,046
Expenses $10,690,412
Total Benefit Payments $10,536,053
Directly to participants or beneficiaries, including direct rollovers $10,536,053
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $16,182
Certain deemed distributions of participant loans $7,110
Interest expense $0
Total Administrative Expenses $131,067
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $4,841
Other Administrative Fees $126,226
Net Income $15,869,724
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2019 12/31/2018 Change YOY
Total Assets $79,326,123 $48,809,270 62.52%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $0 $145,618 -100.00%
Employer Contributions $0 $34,531 -100.00%
Participant Contributions $0 $111,087 -100.00%
Other Contributions $0 $0 0.0%
General Investments $1,031,963 $0 0.0%
Interest-bearing cash $1,031,963 $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 $577,270 $0 0.0%
Preferred $0 $0 0.0%
Common $577,270 $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 $2,040,953 $1,160,941 75.80%
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 $71,365,312 $30,013,226 137.78%
Value of funds held in insurance co. general account $4,310,618 $0 0.0%
Other Investments $7 $17,489,485 -100.00%
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 $79,326,123 $48,809,270 62.52%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Fidelity Investments Institutional

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
Fidelity Investments Institutional Participant loan processing, Sub-transfer agency fees, Recordkeeping fees, Account maintenance fees, Securities brokerage commissions and fees Recordkeeper $89,745 $0 $89,745
Global Retirement Partners LLC Investment advisory (plan) Advisor $37,801 $0 $37,801
Total $127,546 $0 $127,546

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Fidelity Investments Institutional Cba Sm Cap Gr I - Bny Mellon Inves Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Pif Lgcp Grth I I - Principal Shar Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Trp Cap Apprec Adv - T. Rowe Price Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Wcm Fcsd Intl Gr Is - Umb Fund Ser Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Cohen & Steers Realty Shares Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Templeton Global Bond Class A Sub-transfer agency fees $16.00 $0
Fidelity Investments Institutional Tocqueville Gold Fund Sub-transfer agency fees $16.00 $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.



No investments information available for this plan.

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Standard Insurance Compny 532
EIN 93-0242990
Industry Code 69019
Contract Number 812786
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $4,310,618
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 Unspecified
Balance at the end of the previous year $0
Additions $6,233,447
Contributions Deposited during the year $565,501
Dividends and credits $0
Interest credited during the year $123,053
Transferred from separate account $1,136,207
Other $4,408,686
Total of Balance and Additions $6,233,447
Deductions $1,922,829
Disbursed from fund to pay benefits or purchase annuities during the year $1,219,242
Administration charge made by carrier $6,878
Transferred to Separate Account $637,558
Other $59,151
Balance at the end of the current year $4,310,618