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Agua Caliente Band of Cahuilla Indians Spa Hotel & Casino

Plan Rating
FORM 5500 DATA

Agua Caliente Band of Cahuilla Indians Spa Hotel & Casino 401k Plan

Overview

Plan Information

  • Plan Year01/01/2018 — 12/31/2018
  • Date of Plan01/01/1997
  • Net Assets as of 12/31/2018 $45,844,087
  • 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 12/31/2018

  • Active (Eligible) Participants2,330
  • Retired or separated participants receiving benefits13
  • Other retired or separated participants entitled to future benefits215
  • Subtotal2,558
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits2
  • Total2,560
  • Total number of participants as of 01/01/20182,494
  • Number of participants with account balances1,169
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested39

Expenses

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

Sponsor Information

  • Address5401 Dinah Shore Drive
  • CityPalm Springs
  • StateCA
  • Zip92264
  • Telephone(760) 669-6850
  • EIN95-2549724
  • Industry Code813000
  • Named AdministratorBrian Estenson

Audit Information

  • Audit StatusAudited
  • AuditorBrabo and Carlsen, LLP
  • Auditor EIN33-0306529
  • 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? 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 $4,139,369
Contributions $6,014,090
Cash Contributions $6,008,575
Cash from Employers $1,292,496
Cash from Participants $4,422,399
Others (including rollovers) $293,680
Noncash Contributions $5,515
Total Earnings on Investments $-1,874,721
Total Interest $238,187
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $117,769
Interest from Other Investments $120,418
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 $-2,112,908
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 $0
Other Income $0
Expenses $2,705,339
Total Benefit Payments $2,561,691
Directly to participants or beneficiaries, including direct rollovers $2,538,849
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $22,842
Corrective Distributions $13,745
Certain deemed distributions of participant loans $94,073
Interest expense $0
Total Administrative Expenses $35,830
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $35,830
Net Income $1,434,030
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2018 12/31/2017 Change YOY
Total Assets $45,844,087 $44,410,057 3.23%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $0 $0 0.0%
Employer Contributions $0 $0 0.0%
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 $2,524,544 $2,294,166 10.04%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $33,809,883 $33,067,282 2.25%
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 $0 $0 0.0%
Value of funds held in insurance co. general account $9,509,660 $9,048,609 5.10%
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 $45,844,087 $44,410,057 3.23%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Transamerica Life Insurance Company

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
Transamerica Life Insurance Company Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Investment management fees paid indirectly by plan, Float revenue, Recordkeeping fees, Other insurance wrap fees Recordkeeper $35,830 $0 $35,830
Brabo Carlsen Accounting (including auditing) Audit $17,000 $0 $17,000
Morgan Stanley Smith Barney LLC Insurance agents and brokers, Insurance services, Insurance brokerage commissions and fees Broker $0 $65 $65
Total $52,830 $65 $52,895

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
Wmc Disciplined Us Growth Ret Opt Transamerica Life Insurance Co. DFE: Pooled Separate Account $3,361,182
Ta Blackrock Lifepath Index 2025 Re Transamerica Life Insurance Co. DFE: Pooled Separate Account $2,361,767
Aegon Balanced Ret Opt Transamerica Life Insurance Co. DFE: Pooled Separate Account $2,167,927
Artisan Small Cap Ret Opt Transamerica Life Insurance Co. DFE: Pooled Separate Account $1,874,100
Ta Blackrock Lifepath Index 2020 Re Transamerica Life Insurance Co. DFE: Pooled Separate Account $1,754,413
Oppenheimer Global Ret Opt Transamerica Life Insurance Co. DFE: Pooled Separate Account $1,748,521
Transamerica Mid Cap Val Opportunit Transamerica Life Insurance Co. DFE: Pooled Separate Account $1,735,601
Ta Blackrock Lifepath Index 2035 Re Transamerica Life Insurance Co. DFE: Pooled Separate Account $1,684,696
American Funds Growth Fund of Ameri Transamerica Life Insurance Co. DFE: Pooled Separate Account $1,552,747
Ta Blackrock Lifepath Index 2045 Re Transamerica Life Insurance Co. DFE: Pooled Separate Account $1,367,199
Loomis Sayles Bond Ret Opt Transamerica Life Insurance Co. DFE: Pooled Separate Account $1,273,734
Transamerica Partners Stock Index R Transamerica Life Insurance Co. DFE: Pooled Separate Account $1,109,819
Wmc Core Equity Ret Opt Transamerica Life Insurance Co. DFE: Pooled Separate Account $1,063,336
Ta Blackrock Lifepath Index 2040 Re Transamerica Life Insurance Co. DFE: Pooled Separate Account $1,049,077
Oppenheimer Capital Appreciation In Transamerica Life Insurance Co. DFE: Pooled Separate Account $900,072
Transamerica Intermhrzretopt Transamerica Life Insurance Co. DFE: Pooled Separate Account $882,443
American Funds New Perspective Inv Transamerica Life Insurance Co. DFE: Pooled Separate Account $820,223
Transamerica Smallmid Cap Value Re Transamerica Life Insurance Co. DFE: Pooled Separate Account $768,362
Ta Blackrock Lifepath Index 2030 Re Transamerica Life Insurance Co. DFE: Pooled Separate Account $722,339
Invesco Small Cap Growth Inv Opt Transamerica Life Insurance Co. DFE: Pooled Separate Account $708,875
Amer Funds Fundamental Investors In Transamerica Life Insurance Co. DFE: Pooled Separate Account $664,752
Transamerica Partners High Yield Bo Transamerica Life Insurance Co. DFE: Pooled Separate Account $564,639
Invesco International Growth Ret Op Transamerica Life Insurance Co. DFE: Pooled Separate Account $556,061
Ta Blackrock Lifepath Index 2050 Re Transamerica Life Insurance Co. DFE: Pooled Separate Account $508,605
Transamerica Intlnhrznretopt Transamerica Life Insurance Co. DFE: Pooled Separate Account $460,204
Transamerica Longhorznretopt Transamerica Life Insurance Co. DFE: Pooled Separate Account $451,437
Transamerica Shrinthorretopt Transamerica Life Insurance Co. DFE: Pooled Separate Account $416,121
Ta Blackrock Lifepath Index 2055 Re Transamerica Life Insurance Co. DFE: Pooled Separate Account $325,502
Transamerica Shrthorznretopt Transamerica Life Insurance Co. DFE: Pooled Separate Account $304,186
Columbia Income Opportunities Ret O Transamerica Life Insurance Co. DFE: Pooled Separate Account $156,601
Oppenheimer Main Street Small- & Mi Transamerica Life Insurance Co. DFE: Pooled Separate Account $143,569
Wells Fargo Precious Metals Ret Opt Transamerica Life Insurance Co. DFE: Pooled Separate Account $120,385
Ta Blackrock Lifepath Index Retirem Transamerica Life Insurance Co. DFE: Pooled Separate Account $104,328
Ta Blackrock Lifepath Index 2060 Re Transamerica Life Insurance Co. DFE: Pooled Separate Account $87,836
Vanguard Reit Index Ret Opt Transamerica Life Insurance Co. DFE: Pooled Separate Account $39,226
Total $33,809,885

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Transamerica Life Insurance Co. 1,169
EIN 39-0989781
Industry Code 86231
Contract Number 995329
Contract Year 01/01/2018 — 12/31/2018
Value in General Account at Year End $9,617,861
Value in Separate Accounts at Year End $33,809,883
Insurance Fees and Commissions $66,597
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Sbhu Life Agency Inc Jason P Gorski Owing Mills, MD 21117 Insurance Agent or Broker $46,618 $0
Morgan Stanley Insurance Services John O Day New York, NY 10004 Insurance Agent or Broker $9,349 $0
Morgan Stanley Insurance Services Richard S Schwamb New York, NY 10004 Insurance Agent or Broker $9,348 $0
Morgan Stanley Insurance Services Joshua B Diamond New York, NY 10004 Insurance Agent or Broker $1,282 $0
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 STABLE VALUE OPTION
Balance at the end of the previous year $9,092,437
Additions $2,788,806
Contributions Deposited during the year $901,409
Dividends and credits $0
Interest credited during the year $120,781
Transferred from separate account $1,357,989
Other $408,627
Total of Balance and Additions $11,881,243
Deductions $2,263,382
Disbursed from fund to pay benefits or purchase annuities during the year $778,294
Administration charge made by carrier $11,400
Transferred to Separate Account $1,155,305
Other $318,383
Balance at the end of the current year $9,617,861