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Oberman, Tivoli & Pickert, Inc. 401k Profit Sharing Plan


Plan Information

  • Plan Year01/01/2018 — 12/31/2018
  • Date of Plan01/01/1993
  • Net Assets as of 12/31/2018 $23,602,690
  • 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 Arrangement Trust

Participant Information as of 12/31/2018

  • Active (Eligible) Participants223
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits69
  • Subtotal292
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits1
  • Total293
  • Total number of participants as of 01/01/2018297
  • Number of participants with account balances274
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested39


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

Sponsor Information

  • Address500 S. Sepulveda Blvd., Suite 400
  • CityLos Angeles
  • StateCA
  • Zip90049-3500
  • Telephone(310) 471-9302
  • EIN95-4219514
  • Industry Code541219
  • Named AdministratorSanaa Wadsworth

Audit Information

  • Audit StatusAudited
  • AuditorMiller Kaplan Arase LLP
  • Auditor EIN95-2036255
  • 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.
2S Automatic Enrollment Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
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.
3H Controlled Group Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

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


Income and Expense Statement

Income $991,183
Contributions $2,037,433
Cash Contributions $2,037,433
Cash from Employers $473,718
Cash from Participants $1,359,429
Others (including rollovers) $204,286
Noncash Contributions $0
Total Earnings on Investments $-1,047,430
Total Interest $27,763
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $27,763
Interest from Other Investments $0
Total Dividends $1,107,758
Preferred Stock $0
Common Stock $0
Rents $0
Net gain (loss) on sale of assets $1,558
Aggregate Proceeds $1,199,583
Aggregate Carrying Amount $1,198,025
Total Unrealized Appreciation (depreciation) of assets $7,461
Real Estate $0
Other $7,461
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 $-2,191,970
Other Income $1,180
Expenses $1,053,249
Total Benefit Payments $970,328
Directly to participants or beneficiaries, including direct rollovers $970,328
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $4,336
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $78,585
Professional Fees $0
Contract Administrator Fees $53,585
Investment Advisory and management fees $25,000
Other Administrative Fees $0
Net Income $-62,066
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 $23,602,690 $23,664,756 -0.26%
Total noninterest-bearing cash $725 $9,609 -92.45%
Receivables $53,681 $38,444 39.63%
Employer Contributions $23,643 $10,032 135.68%
Participant Contributions $30,038 $28,412 5.72%
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 $596,876 $571,586 4.42%
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 $22,455,759 $21,447,661 4.70%
Value of funds held in insurance co. general account $495,649 $1,597,456 -68.97%
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 $23,602,690 $23,664,756 -0.26%

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
Oneamerica Retirement Services LLC Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Participant communication, Direct payment from the plan, Investment management fees paid indirectly by plan, Shareholder servicing fees, Sub-transfer agency fees, Recordkeeping fees Recordkeeper $53,585 $0 $53,585
Rbc Capital Markets Investment advisory (plan), Investment management fees paid directly by plan, Consulting fees Investment Advisor $25,000 $0 $25,000
Mscs Financial Services Shareholder servicing fees, Sub-transfer agency fees, Finders' fees/placement fees, Soft dollars commissions Trustee $0 $0 $0
Matrix Trust Company Custodial (other than securities), Custodial (securities), Trustee (bank, trust company, or similar financial institution), Trustee (directed), Other services, Float revenue Trustee $0 $0 $0
Total $78,585 $0 $78,585

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Matrix Trust Company Matrix Trust Company Custodial (other than securities), Custodial (securities), Trustee (bank, trust company, or similar financial institution), Trustee (directed), Other services, Float revenue See Attachment 'Matrix Trust Company Schedule C Disclosures' $0
Mscs Financial Services Mscs Financial Services Shareholder servicing fees, Sub-transfer agency fees, Finders' fees/placement fees, Soft dollars commissions See Attachment 'Matrix Trust Company Schedule C Disclosures' $0
*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.



No investments information available for this plan.

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
American United Life Insurance Company 50
EIN 35-0145825
Industry Code 60895
Contract Number R00090
Contract Year 01/01/2018 — 12/31/2018
Value in General Account at Year End $495,648
Value in Separate Accounts at Year End $0
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
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
Balance at the end of the previous year $1,597,456
Additions $105,476
Contributions Deposited during the year $40,988
Dividends and credits $0
Interest credited during the year $8,808
Transferred from separate account $43,167
Other $12,513
Total of Balance and Additions $1,702,932
Deductions $1,207,284
Disbursed from fund to pay benefits or purchase annuities during the year $8,738
Administration charge made by carrier $1,549
Transferred to Separate Account $1,195,677
Other $1,320
Balance at the end of the current year $495,648