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FORM 5500 DATA

Q-Tech Corporation Cash or Deferred Profit Sharing Plan

Overview

Plan Information

  • Plan Year01/01/2017 — 12/31/2017
  • Date of Plan08/01/1984
  • Net Assets as of 12/31/2017 $11,464,777
  • 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 12/31/2017

  • Active (Eligible) Participants146
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits31
  • Subtotal177
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total177
  • Total number of participants as of 01/01/2017181
  • Number of participants with account balances155
  • 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

  • Address10150 West Jefferson Boulevard
  • CityCulver City
  • StateCA
  • Zip90232-3510
  • Telephone(310) 836-7900
  • EIN95-2784322
  • Industry Code335900

Audit Information

  • Audit StatusAudited
  • AuditorOster and Wolf LLP
  • Auditor EIN20-3709807
  • 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? Yes $10
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 $2,327,976
Contributions $723,428
Cash Contributions $723,428
Cash from Employers $80,775
Cash from Participants $630,515
Others (including rollovers) $12,138
Noncash Contributions $0
Total Earnings on Investments $1,596,256
Total Interest $10,897
Interest-Bearing Cash $-740
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $11,637
Interest from Other Investments $0
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 $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 $1,585,359
Other Income $8,292
Expenses $384,632
Total Benefit Payments $377,904
Directly to participants or beneficiaries, including direct rollovers $377,904
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $4,488
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $2,240
Professional Fees $0
Contract Administrator Fees $2,240
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $1,943,344
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2017 12/31/2016 Change YOY
Total Assets $11,464,777 $9,521,433 20.41%
Total noninterest-bearing cash $4,872 $477 921.38%
Receivables $80,775 $77,022 4.87%
Employer Contributions $80,775 $77,012 4.89%
Participant Contributions $0 $10 -100.00%
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 $207,181 $199,984 3.60%
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 $11,171,949 $9,243,950 20.86%
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 $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 $11,464,777 $9,521,433 20.41%

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.) Recordkeeping $740 $0 $740
Total $740 $0 $740

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
John Hancock Stable Val John Hancock USA DFE: Pooled Separate Account $1,710,508
Jh Multimanager Balanced Ls John Hancock USA DFE: Pooled Separate Account $1,362,281
Jh Multimanager Growth Ls John Hancock USA DFE: Pooled Separate Account $1,013,727
T. Rowe Price Sci & Tech John Hancock USA DFE: Pooled Separate Account $822,770
Jh Multimanager Aggressive Ls John Hancock USA DFE: Pooled Separate Account $691,553
500 Index Fund John Hancock USA DFE: Pooled Separate Account $598,400
Capital Appreciation Fund John Hancock USA DFE: Pooled Separate Account $589,784
Blue Chip Growth Fund John Hancock USA DFE: Pooled Separate Account $400,340
Franklin Mutual Beacon Fund John Hancock USA DFE: Pooled Separate Account $396,967
T. Rowe Price Health Sci John Hancock USA DFE: Pooled Separate Account $319,465
Science & Technology Fund John Hancock USA DFE: Pooled Separate Account $310,246
Jh Multimanager Conserv Ls John Hancock USA DFE: Pooled Separate Account $309,299
Jpmorgan Us Equity Fund John Hancock USA DFE: Pooled Separate Account $290,587
Domini Impact Equity Fund John Hancock USA DFE: Pooled Separate Account $250,908
Oppenheimer Developing Mkt John Hancock USA DFE: Pooled Separate Account $236,054
Fundamental All Cap Core Fund John Hancock USA DFE: Pooled Separate Account $233,541
Mid Cap Index Fund John Hancock USA DFE: Pooled Separate Account $188,989
Select Aa Conservative John Hancock USA DFE: Pooled Separate Account $151,504
Jh Multimanager Moderate Ls John Hancock USA DFE: Pooled Separate Account $149,957
Royce Opportunity John Hancock USA DFE: Pooled Separate Account $136,325
American Balanced Fund John Hancock USA DFE: Pooled Separate Account $106,136
Mutual Global Discovery John Hancock USA DFE: Pooled Separate Account $82,564
Invesco Small Cap Growth John Hancock USA DFE: Pooled Separate Account $76,965
Vanguard Small Cap Grow Index John Hancock USA DFE: Pooled Separate Account $76,185
Europacific Growth Fund John Hancock USA DFE: Pooled Separate Account $70,615
John Hancock Disciplined Value John Hancock USA DFE: Pooled Separate Account $68,844
High Yield Fund John Hancock USA DFE: Pooled Separate Account $64,081
Jpmorgan Midcap Value Fund John Hancock USA DFE: Pooled Separate Account $54,592
Total Stock Market Index Fund John Hancock USA DFE: Pooled Separate Account $44,138
American Century Heritage John Hancock USA DFE: Pooled Separate Account $42,452
Fundamental Large Cap Value John Hancock USA DFE: Pooled Separate Account $41,029
Oppenheimer Global John Hancock USA DFE: Pooled Separate Account $40,644
Real Est. Securities Fund John Hancock USA DFE: Pooled Separate Account $37,395
Vanguard Energy Fund John Hancock USA DFE: Pooled Separate Account $28,686
Fidelity Advisor Total Bond John Hancock USA DFE: Pooled Separate Account $21,182
Templeton World John Hancock USA DFE: Pooled Separate Account $19,227
T. Rowe Price Equity Inc John Hancock USA DFE: Pooled Separate Account $18,937
Mid Cap Stock Fund John Hancock USA DFE: Pooled Separate Account $18,596
Utilities Fund John Hancock USA DFE: Pooled Separate Account $18,408
T. Rowe Price Spectrum Inc John Hancock USA DFE: Pooled Separate Account $18,124
International Value Fund John Hancock USA DFE: Pooled Separate Account $17,732
Small Cap Index Fund John Hancock USA DFE: Pooled Separate Account $10,846
Intl Equity Index Fund John Hancock USA DFE: Pooled Separate Account $10,160
Pimco Global Bond John Hancock USA DFE: Pooled Separate Account $9,352
Financial Industries Fund John Hancock USA DFE: Pooled Separate Account $6,348
Select Aa Growth John Hancock USA DFE: Pooled Separate Account $1,853
Select Aa Balanced John Hancock USA DFE: Pooled Separate Account $1,834
Select Aa Moderate John Hancock USA DFE: Pooled Separate Account $1,818
Value Fund John Hancock USA DFE: Pooled Separate Account $0
Lord Abbett Core Fixed Income John Hancock USA DFE: Pooled Separate Account $0
Total $11,171,948

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock Life Insurance Company (U.S.A.) 158
EIN 01-0233346
Industry Code 65838
Contract Number 63873
Contract Year 01/01/2017 — 12/31/2017
Value in General Account at Year End $0
Value in Separate Accounts at Year End $11,171,948
Insurance Fees and Commissions $37,855
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Qbi, LLC 21031 Ventura Blvd. Woodland Hills, CA 91364 -2229 Third Party Administrator $0 $22,549 ADMINISTRATION, LOAN FEES, DISTRIBUTION FEES, TPA FORUM & OTHER ALLOWANCES
Helen R. Giroux 10061 Riverside Drive Toluca Lake, CA 91602 -2560 Insurance Agent or Broker $15,306 $0 BROKER COMMISSIONS
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 $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