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Overview

Plan Information

  • Plan Year01/01/2018 — 12/31/2018
  • Date of Plan02/01/1991
  • Net Assets as of 12/31/2018 $10,488,704
  • 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 12/31/2018

  • Active (Eligible) Participants116
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits34
  • Subtotal150
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total150
  • Total number of participants as of 01/01/2018146
  • Number of participants with account balances111
  • 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

  • Address6401 E. Alondra Blvd
  • CityParamount
  • StateCA
  • Zip90723-3758
  • Telephone(562) 602-2116
  • EIN95-3093555
  • Industry Code424600
  • Named AdministratorElaine Cooper
  • Named Plan SponsorElaine Cooper

Audit Information

  • Audit StatusAudited
  • AuditorPension Assurance LLP
  • Auditor EIN30-0840934
  • 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.
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 $2,000,000
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 $166,384
Contributions $646,616
Cash Contributions $646,616
Cash from Employers $0
Cash from Participants $646,616
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $-483,680
Total Interest $23,122
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $6,868
Interest from Other Investments $16,254
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 $-506,802
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 $0
Other Income $3,448
Expenses $2,482,476
Total Benefit Payments $2,415,986
Directly to participants or beneficiaries, including direct rollovers $2,415,986
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $4,603
Certain deemed distributions of participant loans $60,787
Interest expense $0
Total Administrative Expenses $1,100
Professional Fees $0
Contract Administrator Fees $1,100
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $-2,316,092
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 $10,488,704 $12,804,796 -18.09%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $0 $1,581 -100.00%
Employer Contributions $0 $0 0.0%
Participant Contributions $0 $1,581 -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 $94,204 $126,037 -25.26%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $10,308,455 $12,559,273 -17.92%
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 $0 $0 0.0%
Other Investments $86,045 $117,905 -27.02%
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 $10,488,704 $12,804,796 -18.09%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Voya Retirement Ins and Annuity Co

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
Voya Retirement Ins and Annuity Co Investment advisory (plan) Service Provider $0 $5,519 $5,519
Morningstar Investment advisory (plan) Service Provider $0 $5,519 $5,519
Total $0 $11,038 $11,038

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Voya Retirement Ins and Annuity Co Voya Retirement Ins and Annuity Co Investment advisory (plan) Investment Advisory (Plan) $5,519
Morningstar Voya Retirement Ins and Annuity Co Investment advisory (plan) Investment Advisory (Plan) $5,519
*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
Separate Account A Voya Retirement Ins and Annuity Co DFE: Pooled Separate Account $10,257,513
Total $10,257,513

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Voya Retirement Insurance and Annuity Company 110
EIN 71-0294708
Industry Code 86509
Contract Number PHU480
Contract Year 01/01/2018 — 12/31/2018
Value in General Account at Year End $770,020
Value in Separate Accounts at Year End $9,538,435
Insurance Fees and Commissions $45,256
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Kms Financial Services Inc. 2001 6th Ave Ste 2801 Seattle, WA 98121 Insurance Agent or Broker $28,063 $0
G. Russell Knobel & Associates Inc Third Party Administrator $0 $17,193 TPA FEES
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 GROUP PENSION FUNDING
Balance at the end of the previous year $735,084
Additions $51,266
Contributions Deposited during the year $32,100
Dividends and credits $0
Interest credited during the year $16,254
Transferred from separate account $0
Other $2,912
Total of Balance and Additions $786,350
Deductions $16,330
Disbursed from fund to pay benefits or purchase annuities during the year $6,857
Administration charge made by carrier $135
Transferred to Separate Account $0
Other $9,338
Balance at the end of the current year $770,020
National Western Life Insurance Company 3
EIN 84-0467208
Industry Code 66850
Contract Number N9692
Contract Year 01/01/2018 — 12/31/2018
Value in General Account at Year End $0
Value in Separate Accounts at Year End $26,063
Insurance Fees and Commissions $0
Persons Receiving Commissions and Fees There are no brokers listed for this plan.
Allocated Funds
Type of Contract Individual Policies
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
Massmutual Life Insurance Company 2
EIN 04-1590850
Industry Code 65935
Contract Number 052831
Contract Year 01/01/2018 — 12/31/2018
Value in General Account at Year End $0
Value in Separate Accounts at Year End $59,982
Insurance Fees and Commissions $0
Persons Receiving Commissions and Fees There are no brokers listed for this plan.
Allocated Funds
Type of Contract Unspecified
Basis of premium rates as Filed W/Var States By Massmutual
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