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Overview

Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan01/01/1992
  • Net Assets as of 12/31/2019 $84,412,913
  • Plan Number4
  • Plan Type Single Employer
  • Is the plan collectively bargained? No
  • Did the plan file for an extension of time or the DFVC Program?Yes
  • Report Description This is an amended report.
  • Plan Funding ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2019

  • Active (Eligible) Participants383
  • Retired or separated participants receiving benefits13
  • Other retired or separated participants entitled to future benefits436
  • Subtotal832
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits4
  • Total836
  • Total number of participants as of 01/01/2019811
  • Number of participants with account balances836
  • 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

  • Address151 Ellis Street NE
  • CityAtlanta
  • StateGA
  • Zip30303
  • Telephone(404) 979-9337
  • EIN13-1685039
  • Industry Code624200
  • Named AdministratorReginald D Mcrae

Audit Information

  • Audit StatusAudited
  • AuditorMoore Stephens Tiller LLC
  • Auditor EIN58-0673524
  • 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.
2R Brokerage Window Participant-directed brokerage accounts provided as an investment option under the plan.
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.

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 $5,000,000
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 $22,038,070
Contributions $6,135,111
Cash Contributions $6,135,111
Cash from Employers $2,312,476
Cash from Participants $2,894,146
Others (including rollovers) $928,489
Noncash Contributions $0
Total Earnings on Investments $15,654,261
Total Interest $13,877
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $13,877
Interest from Other Investments $0
Total Dividends $602,326
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 $6,338,352
Net investment gain (loss) from pooled separate accounts $155,775
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 $8,543,931
Other Income $248,698
Expenses $5,446,562
Total Benefit Payments $5,349,101
Directly to participants or beneficiaries, including direct rollovers $5,349,101
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $4,065
Interest expense $0
Total Administrative Expenses $93,396
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $93,396
Net Income $16,591,508
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 $84,412,913 $67,821,405 24.46%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $1,029 $530 94.15%
Employer Contributions $0 $0 0.0%
Participant Contributions $0 $0 0.0%
Other Contributions $1,029 $530 94.15%
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 $351,204 $363,735 -3.45%
Value of interest in common/collective trusts $35,238,586 $26,884,541 31.07%
Value of interest in pooled separate accounts $6,759,590 $6,088,245 11.03%
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 $40,910,821 $33,641,501 21.61%
Value of funds held in insurance co. general account $4,975 $8,542 -41.76%
Other Investments $1,146,708 $834,311 37.44%
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 $84,412,913 $67,821,405 24.46%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Transamerica Retirement Solutions
  • Charles Schwab & Co, Inc.

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
Transamerica Retirement Solutions Claims processing, Recordkeeping and information management (computing, tabulating, data processing, etc.), Investment management, Participant loan processing, Participant communication, Direct payment from the plan, Sales loads (front end and deferred), Shareholder servicing fees, Finders' fees/placement fees, Float revenue, Distribution (12b-1) fees, Recordkeeping fees, Account maintenance fees Recordkeeper $93,346 $0 $93,346
Charles Schwab & Co, Inc. Securities brokerage, Securities brokerage commissions and fees Securities Broker $50 $0 $50
National Financial Services Securities brokerage, Securities brokerage commissions and fees Securities Broker $0 $0 $0
Total $93,396 $0 $93,396

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
National Financial Services Neuberger Berman Securities brokerage, Securities brokerage commissions and fees Revenue Sharing See Attachment To Line 2(H) $0
National Financial Services Parnassus Securities brokerage, Securities brokerage commissions and fees Revenue Sharing See Attachment To Line 2(H) $0
National Financial Services William Blair Securities brokerage, Securities brokerage commissions and fees Revenue Sharing See Attachment To Line 2(H) $0
Charles Schwab & Co., Inc. T. Rowe Price Securities brokerage, Securities brokerage commissions and fees Rate of 0.15% of Average Daily Balance of Asset(S) $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.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Retirement 2040 Trust A T. Rowe Price DFE: Common/Collective Trust $9,863,883
Retirement 2030 Trust T. Rowe Price DFE: Common/Collective Trust $7,268,807
Guaranteed Pooled Fund Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $6,759,590
Retirement 2025 Trust T. Rowe Price DFE: Common/Collective Trust $3,692,799
Retirement 2035 Trust A T. Rowe Price DFE: Common/Collective Trust $3,378,583
Retirement 2050 Trust A T. Rowe Price DFE: Common/Collective Trust $2,741,746
Retirement 2020 Trust T. Rowe Price DFE: Common/Collective Trust $2,707,360
Retirement 2045 Trust A T. Rowe Price DFE: Common/Collective Trust $2,015,331
Aristotle Small/Mid Cap Eq Class B Aristotle / Seic DFE: Common/Collective Trust $1,168,518
Retirement 2055 Trust A T. Rowe Price DFE: Common/Collective Trust $852,128
Retirement 2010 Trust T. Rowe Price DFE: Common/Collective Trust $849,200
Retretirement 2015 Trust T. Rowe Price Collective Trust Fund DFE: Common/Collective Trust $546,743
Retirement 2060 Trust A T. Rowe Price DFE: Common/Collective Trust $102,859
Diversified Real Asset Collective T Pimco DFE: Common/Collective Trust $46,927
Retirement 2005 Trust T. Rowe Price DFE: Common/Collective Trust $3,702
Total $41,998,176

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Transamerica Financial Life Insurance Company 836
EIN 36-6071399
Industry Code 70688
Contract Number TW080096
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $4,975
Value in Separate Accounts at Year End $6,759,590
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
Type of Contract Guaranteed Investment
Balance at the end of the previous year $8,542
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 $8,542
Deductions $3,567
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 $3,567
Balance at the end of the current year $4,975