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Overview

Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan05/01/1988
  • Net Assets as of 12/31/2019 $8,456,833
  • 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 Arrangement Trust

Participant Information as of 12/31/2019

  • Active (Eligible) Participants154
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits58
  • Subtotal212
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total212
  • Total number of participants as of 01/01/2019207
  • Number of participants with account balances157
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested11

Expenses

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

Sponsor Information

  • Address3655 Torrance Blvd. Suite 318
  • CityTorrance
  • StateCA
  • Zip90503
  • Telephone(424) 247-1260
  • EIN95-1710800
  • Industry Code484120
  • Named AdministratorSteve Todare

Audit Information

  • Audit StatusAudited
  • AuditorRaimondo Pettit Grop
  • Auditor EIN33-0532641
  • 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.

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 $850,000
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 $2,217,380
Contributions $478,236
Cash Contributions $478,236
Cash from Employers $50,575
Cash from Participants $362,464
Others (including rollovers) $65,197
Noncash Contributions $0
Total Earnings on Investments $1,737,468
Total Interest $6,601
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $6,601
Interest from Other Investments $0
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 $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 $1,730,867
Other Income $1,676
Expenses $1,097,667
Total Benefit Payments $1,071,191
Directly to participants or beneficiaries, including direct rollovers $1,071,191
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 $26,476
Professional Fees $0
Contract Administrator Fees $25,554
Investment Advisory and management fees $922
Other Administrative Fees $0
Net Income $1,119,713
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 $8,456,833 $7,350,549 15.05%
Total noninterest-bearing cash $134 $1,169 -88.54%
Receivables $50,575 $48,507 4.26%
Employer Contributions $50,575 $48,507 4.26%
Participant Contributions $0 $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 $114,252 $131,874 -13.36%
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 $8,171,037 $7,034,923 16.15%
Value of funds held in insurance co. general account $120,835 $134,076 -9.88%
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 $13,429 -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 $13,429 -100.00%
Net Assets $8,456,833 $7,337,120 15.26%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • John Hancock Life Insurance Co

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
John Hancock Life Insurance Company Recordkeeping and information management (computing, tabulating, data processing, etc.), Investment management, Shareholder servicing fees, Sub-transfer agency fees, Float revenue, Distribution (12b-1) fees, Other insurance wrap fees, Soft dollars commissions Recordkeeper $376 $0 $376
Total $376 $0 $376

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
Blue Chip Growth Fund John Hancock USA DFE: Pooled Separate Account $957,269
Science & Technology Fund John Hancock USA DFE: Pooled Separate Account $839,922
Jh Multimanager Growth Ls John Hancock USA DFE: Pooled Separate Account $764,036
Jh Multimanager Balanced Ls John Hancock USA DFE: Pooled Separate Account $669,871
T. Rowe Price Health Sci John Hancock USA DFE: Pooled Separate Account $530,565
Jh Multimanager Aggressive Ls John Hancock USA DFE: Pooled Separate Account $438,228
Invesco Small Cap Growth John Hancock USA DFE: Pooled Separate Account $358,784
Total Stock Market Index Fund John Hancock USA DFE: Pooled Separate Account $345,581
Equity Income Fund John Hancock USA DFE: Pooled Separate Account $313,316
John Hancock Us Quality Growth John Hancock USA DFE: Pooled Separate Account $273,239
International Value Fund John Hancock USA DFE: Pooled Separate Account $220,203
Jh Multimanager Moderate Ls John Hancock USA DFE: Pooled Separate Account $216,766
Fundamental All Cap Core Fund John Hancock USA DFE: Pooled Separate Account $205,190
Jh Multimanager Conserv Ls John Hancock USA DFE: Pooled Separate Account $199,940
Money Market Fund John Hancock USA DFE: Pooled Separate Account $189,843
500 Index Fund John Hancock USA DFE: Pooled Separate Account $166,375
Mid Cap Stock Fund John Hancock USA DFE: Pooled Separate Account $133,102
Fundamental Investors John Hancock USA DFE: Pooled Separate Account $115,012
Templeton World John Hancock USA DFE: Pooled Separate Account $95,085
Small Cap Index Fund John Hancock USA DFE: Pooled Separate Account $90,684
Jh Multimanager 2045 Lifetime John Hancock USA DFE: Pooled Separate Account $85,826
American Century Heritage John Hancock USA DFE: Pooled Separate Account $84,775
Mfs Utilities Fund John Hancock USA DFE: Pooled Separate Account $82,897
Jh Multimanager 2025 Lifetime John Hancock USA DFE: Pooled Separate Account $77,613
Jh Multimanager 2030 Lifetime John Hancock USA DFE: Pooled Separate Account $74,514
Financial Industries Fund John Hancock USA DFE: Pooled Separate Account $70,076
Strategic Income Opp Fund John Hancock USA DFE: Pooled Separate Account $66,006
Jh Multimanager 2060 Lifetime John Hancock USA DFE: Pooled Separate Account $65,260
Templeton Foreign Smaller Co John Hancock USA DFE: Pooled Separate Account $60,097
Jh Multimanager 2035 Lifetime John Hancock USA DFE: Pooled Separate Account $55,472
Jpmorgan U.S. Equity Fund John Hancock USA DFE: Pooled Separate Account $35,989
Mid Cap Index Fund John Hancock USA DFE: Pooled Separate Account $33,355
American Balanced Fund John Hancock USA DFE: Pooled Separate Account $32,602
Jh Multimanager 2020 Lifetime John Hancock USA DFE: Pooled Separate Account $32,373
New Opportunities Fund John Hancock USA DFE: Pooled Separate Account $30,634
T. Rowe Price Sml Cap Val John Hancock USA DFE: Pooled Separate Account $23,416
Fidelity Advisor Total Bond John Hancock USA DFE: Pooled Separate Account $23,144
The Growth Fund of America John Hancock USA DFE: Pooled Separate Account $22,706
Jh Multimanager 2040 Lifetime John Hancock USA DFE: Pooled Separate Account $17,588
Vanguard Short-Term Federal John Hancock USA DFE: Pooled Separate Account $15,035
Fundamental Large Cap Value John Hancock USA DFE: Pooled Separate Account $12,992
Real Est. Securities Fund John Hancock USA DFE: Pooled Separate Account $8,012
Jh Multimanager 2055 Lifetime John Hancock USA DFE: Pooled Separate Account $7,508
Capital Appreciation Fund John Hancock USA DFE: Pooled Separate Account $7,353
Jh Multimanager 2050 Lifetime John Hancock USA DFE: Pooled Separate Account $5,339
T. Rowe Price New Era Fund John Hancock USA DFE: Pooled Separate Account $4,008
John Hancock Bond Fund John Hancock USA DFE: Pooled Separate Account $3,059
Small Cap Value Fund John Hancock USA DFE: Pooled Separate Account $2,541
Pgim Global Total Return Fund John Hancock USA DFE: Pooled Separate Account $2,297
Investment Company of America John Hancock USA DFE: Pooled Separate Account $1,708
Dfa Us Targeted Value Fund John Hancock USA DFE: Pooled Separate Account $1,376
Blackrock Global Allocation John Hancock USA DFE: Pooled Separate Account $1,254
Intl Equity Index Fund John Hancock USA DFE: Pooled Separate Account $1,027
High Yield Fund John Hancock USA DFE: Pooled Separate Account $172
U.S. Growth Fund John Hancock USA DFE: Pooled Separate Account $0
Washington Mutual Investors John Hancock USA DFE: Pooled Separate Account $0
Mid Value Fund John Hancock USA DFE: Pooled Separate Account $0
Europacific Growth Fund John Hancock USA DFE: Pooled Separate Account $0
Small Company Value Fund John Hancock USA DFE: Pooled Separate Account $0
Jh Disciplined Value Intl Fund John Hancock USA DFE: Pooled Separate Account $0
Opportunistic Fixed Income John Hancock USA DFE: Pooled Separate Account $0
Total $8,171,035

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock Life Insurance Company 166
EIN 01-0233346
Industry Code 65838
Contract Number 50039
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $120,835
Value in Separate Accounts at Year End $8,171,037
Insurance Fees and Commissions $27,536
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Mml Insurance Agency, LLC. Insurance Agent or Broker $23,573 $0
Sunwest Pensions Po Box 7850 Tempe, AZ 85204 Third Party Administrator $0 $3,963 TPA COMPENSATION
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 $134,076
Additions $14,534
Contributions Deposited during the year $10,354
Dividends and credits $0
Interest credited during the year $1,676
Transferred from separate account $0
Other $2,504
Total of Balance and Additions $148,610
Deductions $27,774
Disbursed from fund to pay benefits or purchase annuities during the year $26,855
Administration charge made by carrier $919
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $120,836