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Overview

Plan Information

  • Plan Year04/01/2010 — 03/31/2011
  • Date of Plan04/01/1981
  • Net Assets as of 03/31/2011 $10,564,727
  • 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 03/31/2011

  • Active (Eligible) Participants171
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits345
  • Subtotal516
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total516
  • Total number of participants as of 04/01/2010453
  • Number of participants with account balances422
  • 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

  • Address7011 Stewart and Gray Road
  • CityDowney
  • StateCA
  • Zip90241
  • Telephone(562) 927-5511
  • EIN95-2544578
  • Industry Code311500
  • Named AdministratorAmos Degroot

Plan Administrator Information

  • Administrator NameRockview Dairies, Inc.
  • Address7011 Stewart and Gray Road
  • CityDowney
  • StateCA
  • Zip90241
  • Telephone(562) 927-5511
  • Administrator EIN95-2544578

Audit Information

  • Audit StatusAudited
  • AuditorFrazer LLP
  • Auditor EIN95-4108809
  • 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.
2H Partial participant-directed account plan Participants have the opportunity to direct the investment of a portion of 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.

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 $6,802
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? Yes $172,623
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? Yes
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 $618,460
Contributions $311,782
Cash Contributions $311,782
Cash from Employers $87,605
Cash from Participants $224,177
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $306,678
Total Interest $31,605
Interest-Bearing Cash $7,683
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $3,640
Interest from Other Investments $20,282
Total Dividends $624,049
Preferred Stock $0
Common Stock $624,049
Rents $0
Net gain (loss) on sale of assets $0
Aggregate Proceeds $0
Aggregate Carrying Amount $0
Total Unrealized Appreciation (depreciation) of assets $-847,751
Real Estate $0
Other $-847,751
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 $498,775
Other Income $0
Expenses $352,763
Total Benefit Payments $310,649
Directly to participants or beneficiaries, including direct rollovers $310,649
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 $42,114
Professional Fees $15,000
Contract Administrator Fees $27,013
Investment Advisory and management fees $101
Other Administrative Fees $0
Net Income $265,697
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

03/31/2011 03/31/2010 Change YOY
Total Assets $10,567,102 $10,934,312 -3.36%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $0 $12,743 0.0%
Employer Contributions $0 $8,512 0.0%
Participant Contributions $0 $4,231 0.0%
Other Contributions $0 $0 0.0%
General Investments $600,142 $690,626 -13.10%
Interest-bearing cash $600,142 $690,626 -13.10%
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 $6,199,311 $7,047,115 -12.03%
Preferred $0 $0 0.0%
Common $6,199,311 $7,047,115 -12.03%
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 $54,098 $72,096 -24.96%
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 $3,641,360 $3,042,997 19.66%
Value of funds held in insurance co. general account $72,191 $68,735 5.03%
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 $2,375 $635,282 -99.63%
Benefit Claims Payable (1) $2,375 $0 0.0%
Operating Payables (1) $0 $0 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $635,282 0.0%
Net Assets $10,564,727 $10,299,030 2.58%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

There is no information on eligible indirect compensation for this plan.

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 USA Recordkeeping and information management (computing, tabulating, data processing, etc.) Recordkeeper $27,013 $0 $27,013
Moore Stephens Wurth Frazer & Torbe Accounting (including auditing) Independent Auditor $12,000 $0 $12,000
Total $39,013 $0 $39,013

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
Lifestyle Growth John Hancock USA DFE: Pooled Separate Account $828,660
Lifestyle Aggressive John Hancock USA DFE: Pooled Separate Account $546,764
Lifestyle Balanced John Hancock USA DFE: Pooled Separate Account $189,083
Explorer John Hancock USA DFE: Pooled Separate Account $152,891
Money Market Fund John Hancock USA DFE: Pooled Separate Account $140,044
Oppenheimer Developing Mkt John Hancock USA DFE: Pooled Separate Account $127,478
Franklin Balance Sheet John Hancock USA DFE: Pooled Separate Account $123,780
American Century Vista John Hancock USA DFE: Pooled Separate Account $117,127
T. Rowe Price Equity Inc John Hancock USA DFE: Pooled Separate Account $114,910
T. Rowe Price Sci & Tech John Hancock USA DFE: Pooled Separate Account $93,387
Inv Small Cap Growth John Hancock USA DFE: Pooled Separate Account $80,550
Fidelity Contrafund John Hancock USA DFE: Pooled Separate Account $68,417
Jpm Midcap Value Fund John Hancock USA DFE: Pooled Separate Account $68,048
International Value Fund John Hancock USA DFE: Pooled Separate Account $67,310
Lifestyle Conservative John Hancock USA DFE: Pooled Separate Account $65,390
Davis New York Venture John Hancock USA DFE: Pooled Separate Account $60,875
Blue Chip Growth Fund John Hancock USA DFE: Pooled Separate Account $54,548
The Growth Fund of America John Hancock USA DFE: Pooled Separate Account $54,220
500 Index Fund John Hancock USA DFE: Pooled Separate Account $53,979
Mid Cap Stock Fund John Hancock USA DFE: Pooled Separate Account $48,259
Europacific Growth Fund John Hancock USA DFE: Pooled Separate Account $47,051
Pimco Total Return John Hancock USA DFE: Pooled Separate Account $42,497
Fundamental Large Cap Value John Hancock USA DFE: Pooled Separate Account $39,673
Capital Appreciation Fund John Hancock USA DFE: Pooled Separate Account $38,397
Small Cap Growth Index John Hancock USA DFE: Pooled Separate Account $36,062
Real Est. Securities Fund John Hancock USA DFE: Pooled Separate Account $35,698
Mid Value Fund John Hancock USA DFE: Pooled Separate Account $35,047
T. Rowe Price Spectrum Inc John Hancock USA DFE: Pooled Separate Account $34,163
Small Cap Growth Fund John Hancock USA DFE: Pooled Separate Account $33,027
Small Cap Opportunities Fund John Hancock USA DFE: Pooled Separate Account $32,692
Science & Technology Fund John Hancock USA DFE: Pooled Separate Account $31,770
Lifestyle Moderate John Hancock USA DFE: Pooled Separate Account $27,339
Blackrock Large Value John Hancock USA DFE: Pooled Separate Account $19,141
Royce Opportunity John Hancock USA DFE: Pooled Separate Account $17,025
Fundamental All Cap Core Fund John Hancock USA DFE: Pooled Separate Account $15,437
Columbia Value & Restructuring John Hancock USA DFE: Pooled Separate Account $13,928
Lm Westrn Asset Glb High Yield John Hancock USA DFE: Pooled Separate Account $13,040
International Opps Fund John Hancock USA DFE: Pooled Separate Account $12,983
Short-Term Federal John Hancock USA DFE: Pooled Separate Account $12,748
Pimco Global Bond John Hancock USA DFE: Pooled Separate Account $9,976
Templeton World John Hancock USA DFE: Pooled Separate Account $8,883
Mutual Global Discovery John Hancock USA DFE: Pooled Separate Account $7,472
Energy John Hancock USA DFE: Pooled Separate Account $5,760
Oppenheimer Global John Hancock USA DFE: Pooled Separate Account $5,193
Mutual Beacon John Hancock USA DFE: Pooled Separate Account $2,790
Strategic Income Opp Fund John Hancock USA DFE: Pooled Separate Account $2,153
Financial Services Fund John Hancock USA DFE: Pooled Separate Account $2,009
Mfs Utilities John Hancock USA DFE: Pooled Separate Account $1,961
T. Rowe Price Health Sci John Hancock USA DFE: Pooled Separate Account $1,725
Total $3,641,360

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock Life Insurance Co 178
EIN 01-0233346
Industry Code 65838
Contract Number 61267
Contract Year 04/01/2010 — 03/31/2011
Value in General Account at Year End $3,641,360
Value in Separate Accounts at Year End $72,191
Insurance Fees and Commissions $13,605
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Ubs Financial Svcs Ins Agency, Inc. 301 East Ocean Blvd, Suite 1600 Long Beach, CA 90802 Insurance Agent or Broker $11,464 $0 BROKER COMMISSION
Qualified Benefits, Inc. 21021 Ventura Blvd, Suite 100 Woodland Hills, CA 91364 Third Party Administrator $0 $1,968 TPA FEES
Vanguard Group Investor Info Dept P.O. Box 2600 Valley Forge, PA 19482 -2600 Investment Company/Mutual Fund $0 $173 REDEMPTION FEES
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 $68,684
Additions $4,063
Contributions Deposited during the year $1,380
Dividends and credits $0
Interest credited during the year $2,683
Transferred from separate account $0
Other $0
Total of Balance and Additions $72,747
Deductions $556
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $556
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $72,191