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Overview

Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan01/01/2004
  • Net Assets as of 12/31/2019 $1,882,018
  • 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
  • Plan Benefit ArrangementInsurance

Participant Information as of 12/31/2019

  • Active (Eligible) Participants146
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits40
  • Subtotal186
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total186
  • Total number of participants as of 01/01/2019184
  • Number of participants with account balances108
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested0

Expenses

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

Sponsor Information

  • Address28128 W. Livingston Ave
  • CityValencia
  • StateCA
  • Zip91355
  • Telephone(661) 295-5700
  • EIN95-2832229
  • Industry Code336300

Audit Information

  • Audit StatusAudited
  • AuditorFarber Hass Hurley LLP
  • Auditor EIN20-4207759
  • 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.
3F Leased Employees Plan sponsor(s) received services of leased employees, as defined in Code section 414(n), during the plan year.

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 $164,625
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 $452,279
Contributions $151,828
Cash Contributions $151,828
Cash from Employers $0
Cash from Participants $151,828
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $300,451
Total Interest $5,428
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $5,428
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 $295,023
Net investment gain (loss) from 103-12 investment entities $0
Net investment gain (loss) from registered investment companies $0
Other Income $0
Expenses $216,509
Total Benefit Payments $213,738
Directly to participants or beneficiaries, including direct rollovers $213,738
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $1,207
Interest expense $0
Total Administrative Expenses $1,564
Professional Fees $0
Contract Administrator Fees $1,564
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $235,770
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2019 12/31/2018 Change YOY
Total Assets $1,882,018 $1,646,248 14.32%
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 $102,149 $75,048 36.11%
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 $1,625,156 $1,453,689 11.80%
Value of funds held in insurance co. general account $154,713 $117,511 31.66%
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 $1,882,018 $1,646,248 14.32%

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
Massachusetts Mutual Life Insurance Recordkeeping and information management (computing, tabulating, data processing, etc.) Recordkeeper $1,564 $26 $1,590
Great West Life & Annuity Insurance Recordkeeping fees Recordkeeper $0 $0 $0
Total $1,564 $26 $1,590

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
Jpmorgan Smartretirement 2030 R2 Massmutual DFE: Pooled Separate Account $360,346
Mfs Totoal Massmutual DFE: Pooled Separate Account $282,674
Jpmorgan Smartretirement 2035 R2 Massmutual DFE: Pooled Separate Account $173,274
Select T. Rowe Price/Loomis Sayles Massmutual DFE: Pooled Separate Account $149,686
Mm S&P 500 Index R3 Massmutual DFE: Pooled Separate Account $141,408
Jpmorgan Smartretirement 2025 R2 Massmutual DFE: Pooled Separate Account $139,879
Jpmorgan Smartretirement 2050 R2 Massmutual DFE: Pooled Separate Account $122,794
Premier Inv Adv Inc Int'L Eq R3 Massmutual DFE: Pooled Separate Account $80,905
Jpmorgan Smartretirement 2040 R2 Massmutual DFE: Pooled Separate Account $53,509
Jpmorgan Smartretirement 2020 R2 Massmutual DFE: Pooled Separate Account $32,068
Jpmorgan Smartretirement 2045 R2 Massmutual DFE: Pooled Separate Account $30,631
Jpmorgan Smartretirement 2055 R2 Massmutual DFE: Pooled Separate Account $25,076
Franklin Mutual Shares Massmutual DFE: Pooled Separate Account $22,335
The Hartford Balanced Income Massmutual DFE: Pooled Separate Account $5,356
Select Trp/Frontier Mc Growth R3 Massmutual DFE: Pooled Separate Account $1,872
Premier Inv Adv Inc Small Cap Massmutual DFE: Pooled Separate Account $943
Mm S&P Mid Cap Index R3 Massmutual DFE: Pooled Separate Account $707
Columbia Contrarian Core Massmutual DFE: Pooled Separate Account $360
Franklin Sc Value R Massmutual DFE: Pooled Separate Account $346
Invesco Oppenheimer Real Estate Massmutual DFE: Pooled Separate Account $279
Select Western Strategic Bond R3 Massmutual DFE: Pooled Separate Account $252
Sel Bar Han Bos Part Fund Massmutual DFE: Pooled Separate Account $225
Victory Sycamore Est Value Massmutual DFE: Pooled Separate Account $113
Fidelity Advisor Total Bond Massmutual DFE: Pooled Separate Account $92
Mm Russell 2000 Cmall Cap Massmutual DFE: Pooled Separate Account $13
Invesco Small Cap Growth Massmutual DFE: Pooled Separate Account $13
Total $1,625,156

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Massmutual Life Insurance Co., 105
EIN 04-1590850
Industry Code 65935
Contract Number GA-840886
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $98,607
Value in Separate Accounts at Year End $1,625,156
Insurance Fees and Commissions $5,191
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Mr. Farhad Hanasab 625 S. Fairfax Ave Los Angeles, CA 90036 Insurance Agent or Broker $4,363 $0
Grant David Fraser 8383 Wilshire Blvd Ste 600 Beverly Hills, CA 90211 Insurance Agent or Broker $828 $0
Allocated Funds
Type of Contract Unspecified
Basis of premium rates 0
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 $62,070
Additions $36,850
Contributions Deposited during the year $8,481
Dividends and credits $0
Interest credited during the year $1,402
Transferred from separate account $26,967
Other $0
Total of Balance and Additions $98,920
Deductions $313
Disbursed from fund to pay benefits or purchase annuities during the year $166
Administration charge made by carrier $147
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $98,607
Great-West Life & Annuity Insurance Company 14
EIN 84-0467907
Industry Code 68322
Contract Number 938293-01
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $56,106
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $222
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Donald Like Lincoln Investment Planning Inc. Valencia, CA 91355 Insurance Agent or Broker $222 $0
Allocated Funds
Type of Contract Unspecified
Basis of premium rates 0
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 GROUP ANNUITY CONTRACT
Balance at the end of the previous year $55,441
Additions $665
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $665
Transferred from separate account $0
Other $0
Total of Balance and Additions $56,106
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 $56,106