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Overview

Plan Information

  • Plan Year01/01/2018 — 12/31/2018
  • Date of Plan01/01/2001
  • Net Assets as of 12/31/2018 $5,274,615
  • Plan Number3
  • 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) Participants169
  • Retired or separated participants receiving benefits19
  • Other retired or separated participants entitled to future benefits67
  • Subtotal255
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total255
  • Total number of participants as of 01/01/2018267
  • Number of participants with account balances238
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested7

Expenses

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

Sponsor Information

  • AddressPo Box 309
  • CityEl Cajon
  • StateCA
  • Zip92022
  • Telephone(619) 448-7683
  • EIN95-2596768
  • Industry Code238900

Audit Information

  • Audit StatusAudited
  • AuditorAldrich CPAS and Advisors LLP
  • Auditor EIN93-0623286
  • 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.
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 $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 $1,177,135
Contributions $1,604,769
Cash Contributions $1,604,769
Cash from Employers $970,844
Cash from Participants $550,982
Others (including rollovers) $82,943
Noncash Contributions $0
Total Earnings on Investments $-427,634
Total Interest $9,188
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $9,188
Interest from Other Investments $0
Total Dividends $10,104
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 $-384,075
Net investment gain (loss) from pooled separate accounts $-27,781
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 $-35,070
Other Income $0
Expenses $879,337
Total Benefit Payments $832,354
Directly to participants or beneficiaries, including direct rollovers $832,354
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 $46,983
Professional Fees $7,192
Contract Administrator Fees $39,791
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $297,798
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 $5,274,615 $5,218,661 1.07%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $258,325 $315,064 -18.01%
Employer Contributions $251,123 $301,260 -16.64%
Participant Contributions $7,202 $13,804 -47.83%
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 $219,584 $205,012 7.11%
Value of interest in common/collective trusts $4,258,953 $4,204,873 1.29%
Value of interest in pooled separate accounts $153,897 $149,072 3.24%
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 $383,856 $344,640 11.38%
Value of funds held in insurance co. general account $0 $0 0.0%
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 $241,844 -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 $241,844 0.0%
Net Assets $5,274,615 $4,976,817 5.98%

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
Principal Life Insurance Company Contract Administrator, Participant loan processing, Direct payment from the plan, Recordkeeping fees Contract Administrator $26,938 $0 $26,938
Niles Lankford Group Other services, Other fees, Contract Administrator, Plan Administrator, Direct payment from the plan Other Services $22,975 $2,373 $25,348
Pathways Financial Partners Investment advisory (plan), Other fees Investment Advisory $0 $11,884 $11,884
Aldrich CPA and Advisors Accounting (including auditing), Direct payment from the plan Accountant $7,192 $0 $7,192
Total $57,105 $14,257 $71,362

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Niles Lankford Group Inc Principal Life Insurance Company Other services, Other fees, Contract Administrator, Plan Administrator, Direct payment from the plan Referral/Service Fee $2,373
Pathways Financial Partners Principal Life Insurance Company Investment advisory (plan), Other fees Investment Advisory (Plan) $11,884
*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
Prin Lifetime Hybr 2030 Cit Z Principal Global Investors Trust Co DFE: Common/Collective Trust $1,044,039
Prin Lifetime Hybr 2035 Cit Z Principal Global Investors Trust Co DFE: Common/Collective Trust $954,748
Prin Lifetime Hybr 2040 Cit Z Principal Global Investors Trust Co DFE: Common/Collective Trust $575,397
Prin Lifetime Hybr 2045 Cit Z Principal Global Investors Trust Co DFE: Common/Collective Trust $490,222
Prin Lifetime Hybr 2050 Cit Z Principal Global Investors Trust Co DFE: Common/Collective Trust $357,855
Prin Lifetime Hybr 2025 Cit Z Principal Global Investors Trust Co DFE: Common/Collective Trust $337,548
Prin Lifetime Hybr 2055 Cit Z Principal Global Investors Trust Co DFE: Common/Collective Trust $192,994
Prin Lifetime Hybr 2020 Cit Z Principal Global Investors Trust Co DFE: Common/Collective Trust $151,164
Prin Lifetime Hybr 2060 Cit Z Principal Global Investors Trust Co DFE: Common/Collective Trust $97,021
Prin Smcap Value II Sep Acct-Z Principal Life Insurance Company DFE: Pooled Separate Account $60,141
Prin Intl Smallcap Sep Acct-Z Principal Life Insurance Company DFE: Pooled Separate Account $34,904
Prin Smcap S&P 600 Iindex Sa-Z Principal Life Insurance Company DFE: Pooled Separate Account $25,926
Prin Lifetime Hybr 2015 Cit Z Principal Global Investors Trust Co DFE: Common/Collective Trust $25,660
Prin Midcap S&P 400 Idx Sa-Z Principal Life Insurance Company DFE: Pooled Separate Account $23,777
Principal Stable Value Z Fund Principal Global Investors Trust Co DFE: Common/Collective Trust $23,757
Principal Stable Value Z Fund Principal Global Investors Trust Co DFE: Common/Collective Trust $23,757
Prin Intl Emerg Markets Sa-Z Principal Life Insurance Company DFE: Pooled Separate Account $9,150
Prin Lifetime Hybr 2065 Cit Z Principal Global Investors Trust Co DFE: Common/Collective Trust $5,548
Prin Lifetime Hybr 2065 Cit Z Principal Global Investors Trust Co DFE: Common/Collective Trust $5,548
Prin Lifetime Hybr Inc Cit Z Principal Global Investors Trust Co DFE: Common/Collective Trust $1,879
Prin Lifetime Hybr 2010 Cit Z Principal Global Investors Trust Co DFE: Common/Collective Trust $973
Total $4,442,008

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Principal Life Insurance Company 249
EIN 42-0127290
Industry Code 61271
Contract Number 462164
Contract Year 01/01/2018 — 12/31/2018
Value in General Account at Year End $0
Value in Separate Accounts at Year End $153,897
Insurance Fees and Commissions $80
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Niles Lankford Group Inc 1500 North Oak Drive Plymouth, IN 46563 Insurance Agent or Broker $0 $80 REFERRAL/SERVICE FEE
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 Unspecified
Balance at the end of the previous year $0
Additions $0
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $0
Transferred from separate account $0
Other $0
Total of Balance and Additions $0
Deductions $0
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $0