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Overview

Plan Information

  • Plan Year04/01/2011 — 03/31/2012
  • Date of Plan04/01/1981
  • Net Assets as of 03/31/2012 $9,613,900
  • 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 03/31/2012

  • Active (Eligible) Participants143
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits174
  • Subtotal317
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total317
  • Total number of participants as of 04/01/2011505
  • Number of participants with account balances232
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested5

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 $535,131
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 $505,160
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? 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 $575,327
Contributions $127,544
Cash Contributions $127,544
Cash from Employers $43,644
Cash from Participants $83,900
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $400,598
Total Interest $7,818
Interest-Bearing Cash $2,489
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $5,329
Interest from Other Investments $0
Total Dividends $0
Preferred Stock $0
Common Stock $0
Rents $0
Net gain (loss) on sale of assets $27,672
Aggregate Proceeds $457,975
Aggregate Carrying Amount $430,303
Total Unrealized Appreciation (depreciation) of assets $370,993
Real Estate $0
Other $370,993
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 $-5,885
Other Income $47,185
Expenses $1,526,154
Total Benefit Payments $1,487,460
Directly to participants or beneficiaries, including direct rollovers $1,487,460
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 $38,694
Professional Fees $12,780
Contract Administrator Fees $25,914
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $-950,827
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

03/31/2012 03/31/2011 Change YOY
Total Assets $9,613,900 $10,567,102 -9.02%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $42,652 $0 0.0%
Employer Contributions $0 $0 0.0%
Participant Contributions $0 $0 0.0%
Other Contributions $42,652 $0 0.0%
General Investments $318,751 $600,142 -46.89%
Interest-bearing cash $318,751 $600,142 -46.89%
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 $6,140,000 $6,199,311 -0.96%
Preferred $0 $0 0.0%
Common $6,140,000 $6,199,311 -0.96%
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 $72,222 $54,098 33.50%
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 $3,022,142 $3,641,360 -17.01%
Value of funds held in insurance co. general account $18,133 $72,191 -74.88%
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 $2,375 0.0%
Benefit Claims Payable (1) $0 $2,375 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 $9,613,900 $10,564,727 -9.00%

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 $25,834 $0 $25,834
Frazer LLP Accounting (including auditing) Independent Auditor $12,000 $0 $12,000
Total $37,834 $0 $37,834

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 $669,406
Lifestyle Aggressive John Hancock USA DFE: Pooled Separate Account $517,386
Lifestyle Balanced John Hancock USA DFE: Pooled Separate Account $174,691
Explorer John Hancock USA DFE: Pooled Separate Account $153,783
American Century Heritage John Hancock USA DFE: Pooled Separate Account $146,107
Money Market Fund John Hancock USA DFE: Pooled Separate Account $137,433
T. Rowe Price Sci & Tech John Hancock USA DFE: Pooled Separate Account $96,283
Oppenheimer Developing Mkt John Hancock USA DFE: Pooled Separate Account $94,275
Inv Small Cap Growth John Hancock USA DFE: Pooled Separate Account $78,812
Fidelity Contrafund John Hancock USA DFE: Pooled Separate Account $75,643
Jpm Midcap Value Fund John Hancock USA DFE: Pooled Separate Account $72,135
International Value Fund John Hancock USA DFE: Pooled Separate Account $61,956
Davis New York Venture John Hancock USA DFE: Pooled Separate Account $61,893
T. Rowe Price Equity Inc John Hancock USA DFE: Pooled Separate Account $61,533
Franklin Balance Sheet John Hancock USA DFE: Pooled Separate Account $59,346
Capital Appreciation Fund John Hancock USA DFE: Pooled Separate Account $45,931
Lifestyle Conservative John Hancock USA DFE: Pooled Separate Account $42,435
Blue Chip Growth Fund John Hancock USA DFE: Pooled Separate Account $37,075
Royce Opportunity John Hancock USA DFE: Pooled Separate Account $35,284
Europacific Growth Fund John Hancock USA DFE: Pooled Separate Account $33,325
T. Rowe Price Health Sci John Hancock USA DFE: Pooled Separate Account $33,082
Lifestyle Moderate John Hancock USA DFE: Pooled Separate Account $32,283
Mid Cap Stock Fund John Hancock USA DFE: Pooled Separate Account $32,162
Science & Technology Fund John Hancock USA DFE: Pooled Separate Account $30,931
Small Cap Growth Fund John Hancock USA DFE: Pooled Separate Account $30,383
The Growth Fund of America John Hancock USA DFE: Pooled Separate Account $29,985
Pimco Total Return John Hancock USA DFE: Pooled Separate Account $28,129
Mid Value Fund John Hancock USA DFE: Pooled Separate Account $28,098
T. Rowe Price Spectrum Inc John Hancock USA DFE: Pooled Separate Account $26,449
Fundamental All Cap Core Fund John Hancock USA DFE: Pooled Separate Account $16,209
Columbia Value & Restructuring John Hancock USA DFE: Pooled Separate Account $13,091
Templeton World John Hancock USA DFE: Pooled Separate Account $8,911
500 Index Fund John Hancock USA DFE: Pooled Separate Account $8,604
High Yield Fund John Hancock USA DFE: Pooled Separate Account $8,538
Pimco Global Bond John Hancock USA DFE: Pooled Separate Account $7,467
Fundamental Large Cap Value John Hancock USA DFE: Pooled Separate Account $5,432
Short-Term Federal John Hancock USA DFE: Pooled Separate Account $4,957
Energy John Hancock USA DFE: Pooled Separate Account $4,722
Real Est. Securities Fund John Hancock USA DFE: Pooled Separate Account $4,381
Oppenheimer Global John Hancock USA DFE: Pooled Separate Account $4,064
Mutual Beacon John Hancock USA DFE: Pooled Separate Account $3,486
Small Cap Growth Index John Hancock USA DFE: Pooled Separate Account $3,144
Financial Services Fund John Hancock USA DFE: Pooled Separate Account $2,902
American Balanced Fund John Hancock USA DFE: Pooled Separate Account $0
Washington Mutual Investors John Hancock USA DFE: Pooled Separate Account $0
Mid Cap Index Fund John Hancock USA DFE: Pooled Separate Account $0
Strategic Income Opp Fund John Hancock USA DFE: Pooled Separate Account $0
Lm Westrn Asset Glb High Yield John Hancock USA DFE: Pooled Separate Account $0
American Century Vista John Hancock USA DFE: Pooled Separate Account $0
Small Cap Index Fund John Hancock USA DFE: Pooled Separate Account $0
Franklin Small-Mid Growth John Hancock USA DFE: Pooled Separate Account $0
Legg Mason Clearbr Agg Growth John Hancock USA DFE: Pooled Separate Account $0
International Growth Fund John Hancock USA DFE: Pooled Separate Account $0
Mfs Utilities John Hancock USA DFE: Pooled Separate Account $0
Small Cap Opportunities Fund John Hancock USA DFE: Pooled Separate Account $0
Small Cap Value Fund John Hancock USA DFE: Pooled Separate Account $0
Blackrock Large Value John Hancock USA DFE: Pooled Separate Account $0
Mutual Global Discovery John Hancock USA DFE: Pooled Separate Account $0
Total $3,022,142

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock Life Insurance Co 168
EIN 01-0233346
Industry Code 65838
Contract Number 61267
Contract Year 04/01/2011 — 03/31/2012
Value in General Account at Year End $18,133
Value in Separate Accounts at Year End $3,022,142
Insurance Fees and Commissions $14,302
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 $11,288 $0
Qualified Benefits, Inc. 21021 Ventura Blvd, Suite 100 Woodland Hills, CA 91364 Third Party Administrator $0 $2,014 TPA FEES AND TPA COMPENSATION
Maribel Larios Fiduciary Experts, LLC Chula Vista, CA 91915 Investment Manager/Adviser $0 $1,000 RIA 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 $72,191
Additions $670
Contributions Deposited during the year $51
Dividends and credits $619
Interest credited during the year $0
Transferred from separate account $0
Other $0
Total of Balance and Additions $72,861
Deductions $54,728
Disbursed from fund to pay benefits or purchase annuities during the year $10,630
Administration charge made by carrier $150
Transferred to Separate Account $43,942
Other $6
Balance at the end of the current year $18,133