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Overview

Plan Information

  • Plan Year04/01/2012 — 03/31/2013
  • Date of Plan04/01/1981
  • Net Assets as of 03/31/2013 $5,577,486
  • 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
  • Report Description This is an amended report.
  • Plan Funding ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 03/31/2013

  • Active (Eligible) Participants189
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits85
  • Subtotal274
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total274
  • Total number of participants as of 04/01/2012317
  • Number of participants with account balances126
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested1

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 Rd
  • CityDowney
  • StateCA
  • Zip90241
  • Telephone(562) 927-5511
  • EIN95-2544578
  • Industry Code311500
  • Named AdministratorTed Degroot

Plan Administrator Information

  • Administrator NameRockview Dairies, Inc.
  • Address7011 Stewart and Gray Rd
  • 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.
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 $1,000,000
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? 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? 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 $464,789
Contributions $137,741
Cash Contributions $137,741
Cash from Employers $42,079
Cash from Participants $92,226
Others (including rollovers) $3,436
Noncash Contributions $0
Total Earnings on Investments $315,613
Total Interest $5,098
Interest-Bearing Cash $1,638
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $3,460
Interest from Other Investments $0
Total Dividends $70,299
Preferred Stock $0
Common Stock $0
Rents $0
Net gain (loss) on sale of assets $85,000
Aggregate Proceeds $6,225,000
Aggregate Carrying Amount $6,140,000
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 $155,216
Other Income $11,435
Expenses $4,497,203
Total Benefit Payments $4,467,845
Directly to participants or beneficiaries, including direct rollovers $4,467,845
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 $29,358
Professional Fees $17,510
Contract Administrator Fees $4,322
Investment Advisory and management fees $4,000
Other Administrative Fees $3,526
Net Income $-4,032,414
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $4,000

Asset and Liability Statement

03/31/2013 03/31/2012 Change YOY
Total Assets $5,577,486 $9,613,900 -41.99%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $0 $42,652 -100.00%
Employer Contributions $0 $0 0.0%
Participant Contributions $0 $0 0.0%
Other Contributions $0 $42,652 -100.00%
General Investments $259,106 $318,751 -18.71%
Interest-bearing cash $259,106 $318,751 -18.71%
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 $6,140,000 -100.00%
Preferred $0 $0 0.0%
Common $0 $6,140,000 -100.00%
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 $87,951 $72,222 21.78%
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 $5,230,429 $3,022,142 73.07%
Value of funds held in insurance co. general account $0 $18,133 -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 $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 $5,577,486 $9,613,900 -41.99%

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
Frazer LLP Accounting (including auditing) Auditor $14,510 $0 $14,510
Fidelity Investments Institutional Recordkeeping fees, Participant loan processing, Account maintenance fees, Sub-transfer agency fees Recordkeeper $1,268 $0 $1,268
Total $15,778 $0 $15,778

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Fidelity Investments Institutional Cohen & Steers Rlty - Boston Financ Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Col Mid Cap Grth Z - Columbia Mgt I Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Col/Acorn Intl Z - Columbia Mgt Inv Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Heartland Val Pls IV - Alps Fund SE Sub-transfer agency fees 0.50% $0
Fidelity Investments Institutional Hnsy Gas Utility Inv - U.S. Bancorp Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Invs Divrs Divd R5 - Invesco Invest Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Invs High Yld R5 - Invesco Canada L Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Janus Triton T - Janus Services LLC Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Jpm Mid Cap Val Sel - Boston Financ Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Metwest Tot Rtn Bd I - Bank of New Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Oakmark Intl I - Boston Financial D Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Pimco Low Dur Adm - Boston Financia Sub-transfer agency fees 0.28% $0
Fidelity Investments Institutional Tmpl Global Bond A - Franklin Templ Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Trp Blue Chip Grth - T. Rowe Price Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Trp Infltn Prot Bd - T. Rowe Price Sub-transfer agency fees 0.15% $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.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Pimco Global Bond John Hancock USA DFE: Pooled Separate Account $0
Mutual Beacon John Hancock USA DFE: Pooled Separate Account $0
The Growth Fund of America John Hancock USA DFE: Pooled Separate Account $0
Science & Technology Fund John Hancock USA DFE: Pooled Separate Account $0
Energy John Hancock USA DFE: Pooled Separate Account $0
Lifestyle Balanced John Hancock USA DFE: Pooled Separate Account $0
Inv Small Cap Growth John Hancock USA DFE: Pooled Separate Account $0
Short-Term Federal John Hancock USA DFE: Pooled Separate Account $0
500 Index Fund John Hancock USA DFE: Pooled Separate Account $0
Europacific Growth Fund John Hancock USA DFE: Pooled Separate Account $0
Lifestyle Moderate John Hancock USA DFE: Pooled Separate Account $0
International Value Fund John Hancock USA DFE: Pooled Separate Account $0
Fundamental Large Cap Value John Hancock USA DFE: Pooled Separate Account $0
Blue Chip Growth Fund John Hancock USA DFE: Pooled Separate Account $0
Mid Cap Stock Fund John Hancock USA DFE: Pooled Separate Account $0
Lifestyle Conservative John Hancock USA DFE: Pooled Separate Account $0
T. Rowe Price Health Sci John Hancock USA DFE: Pooled Separate Account $0
High Yield Fund John Hancock USA DFE: Pooled Separate Account $0
Fidelity Contrafund John Hancock USA DFE: Pooled Separate Account $0
Financial Services Fund John Hancock USA DFE: Pooled Separate Account $0
Jpm Midcap Value Fund John Hancock USA DFE: Pooled Separate Account $0
Small Cap Growth Index John Hancock USA DFE: Pooled Separate Account $0
Oppenheimer Developing Mkt John Hancock USA DFE: Pooled Separate Account $0
Franklin Balance Sheet John Hancock USA DFE: Pooled Separate Account $0
T. Rowe Price Sci & Tech John Hancock USA DFE: Pooled Separate Account $0
Real Est. Securities Fund John Hancock USA DFE: Pooled Separate Account $0
Money Market Fund John Hancock USA DFE: Pooled Separate Account $0
American Century Heritage John Hancock USA DFE: Pooled Separate Account $0
Templeton World John Hancock USA DFE: Pooled Separate Account $0
Capital Appreciation Fund John Hancock USA DFE: Pooled Separate Account $0
Mid Value Fund John Hancock USA DFE: Pooled Separate Account $0
Davis New York Venture John Hancock USA DFE: Pooled Separate Account $0
T. Rowe Price Spectrum Inc. John Hancock USA DFE: Pooled Separate Account $0
Explorer John Hancock USA DFE: Pooled Separate Account $0
Lifestyle Growth John Hancock USA DFE: Pooled Separate Account $0
Small Cap Growth Fund John Hancock USA DFE: Pooled Separate Account $0
Pimco Total Return John Hancock USA DFE: Pooled Separate Account $0
T. Rowe Price Equity Inc. John Hancock USA DFE: Pooled Separate Account $0
Oppenheimer Global John Hancock USA DFE: Pooled Separate Account $0
Columbia Value & Restructuring John Hancock USA DFE: Pooled Separate Account $0
Royce Opportunity John Hancock USA DFE: Pooled Separate Account $0
Lifestyle Aggressive John Hancock USA DFE: Pooled Separate Account $0
Fundamental All Cap Core Fund John Hancock USA DFE: Pooled Separate Account $0
Total $0

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock Life Insurance Company USA 0
EIN 01-0233346
Industry Code 65838
Contract Number 61267
Contract Year 04/01/2012 — 08/13/2012
Value in General Account at Year End $0
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $4,506
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Fiduciary Experts, LLC 2380 Treehouse Street Chula Vista, CA 91915 Investment Manager/Adviser $0 $4,000 RIA FEES
Qbi,LLC 21021 Ventura Blvd, Suite 100 Woodland Hills, CA 91364 Third Party Administrator $0 $481 TPA FEES AND TPA COMPENSATION
Qualified Benefits, Inc 21021 Ventura Blvd, Suite 100 Woodland Hills, CA 91364 Third Party Administrator $0 $25 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 $18,133
Additions $214
Contributions Deposited during the year $46
Dividends and credits $0
Interest credited during the year $168
Transferred from separate account $0
Other $0
Total of Balance and Additions $18,347
Deductions $18,347
Disbursed from fund to pay benefits or purchase annuities during the year $18,256
Administration charge made by carrier $28
Transferred to Separate Account $0
Other $63
Balance at the end of the current year $0