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Overview

Plan Information

  • Plan Year01/01/2017 — 12/31/2017
  • Date of Plan01/01/2005
  • Net Assets as of 12/31/2017 $7,764,879
  • 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 Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2017

  • Active (Eligible) Participants296
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits54
  • Subtotal350
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total350
  • Total number of participants as of 01/01/2017336
  • Number of participants with account balances234
  • 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

  • Address1430 K St NW 10th Fl
  • CityWashington
  • StateDC
  • Zip20005
  • Telephone(646) 434-0434
  • EIN98-0388221
  • Industry Code481000
  • Named AdministratorJulio Martinez

Audit Information

  • Audit StatusAudited
  • AuditorBurdette, Smith & Bish, LLC
  • Auditor EIN45-4037800
  • 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.
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.

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 $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 $2,591,155
Contributions $1,547,769
Cash Contributions $1,547,769
Cash from Employers $490,991
Cash from Participants $764,157
Others (including rollovers) $292,621
Noncash Contributions $0
Total Earnings on Investments $1,043,386
Total Interest $14,833
Interest-Bearing Cash $2,048
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $12,785
Interest from Other Investments $0
Total Dividends $201,869
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 $185,677
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 $641,007
Other Income $0
Expenses $1,013,350
Total Benefit Payments $997,571
Directly to participants or beneficiaries, including direct rollovers $997,571
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $7,329
Interest expense $0
Total Administrative Expenses $8,450
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $8,450
Net Income $1,577,805
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 $7,764,879 $6,187,074 25.50%
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 $1,383,825 $0 0.0%
Interest-bearing cash $1,383,825 $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 $375,349 $215,338 74.31%
Value of interest in common/collective trusts $1,090,470 $2,219,814 -50.88%
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 $4,915,235 $3,751,922 31.01%
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 $7,764,879 $6,187,074 25.50%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Abn Amro (Fortis) (Aston)
  • Allianz Global Investors Distributo
  • Fidelity Distributors Corp.
  • Franklin Templeton Distributors, In
  • Goldman Sachs
  • Invesco Distributors, Inc.
  • Ivy Funds, Inc.
  • Janus Distributors, LLC
  • Loomis Sayles Funds
  • Lord Abbett Distributor, LLC
  • Mbsc Securities Corporation, Distri
  • Prudential Investments LLC
  • State Street Corporation
  • T. Rowe Price
  • Wells Fargo Funds Distributor, LLC

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
Adp, LLC Participant loan processing, Direct payment from the plan, Recordkeeping and information management (computing, tabulating, data processing, etc.), Recordkeeping fees, Other services, Other fees Record Keeper $8,092 $0 $8,092
Adp Broker-Dealer Distribution (12b-1) fees, Sub-transfer agency fees, Shareholder servicing fees, Other services, Other fees Record Keeper $0 $0 $0
Total $8,092 $0 $8,092

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Adp Broker-Dealer Abn Amro (Fortis) (Aston) Other fees Annual Rate 0.00470 of Average Daily Assets $0
Adp Broker-Dealer Allianz Global Investors Distributo Distribution (12b-1) fees, Sub-transfer agency fees, Shareholder servicing fees Annual Rate 0.00250 of Average Daily Assets Annual Rate 0.00200 of Average Daily Assets $0
Adp Broker-Dealer Fidelity Distributors Corp. Sub-transfer agency fees, Shareholder servicing fees Annual Rate 0.00250 of Average Daily Assets Annual Rate 0.00250 of Average Daily Assets Annual Rate 0.00250 of Average Daily Assets Annual Rate 0.00250 of Average Daily Assets $0
Adp Broker-Dealer Franklin Templeton Distributors, In Sub-transfer agency fees, Shareholder servicing fees Annual Rate 0.00250 of Average Daily Assets $0
Adp Broker-Dealer Goldman Sachs Sub-transfer agency fees, Shareholder servicing fees Annual Rate 0.00250 of Average Daily Assets $0
Adp Broker-Dealer Invesco Distributors, Inc. Distribution (12b-1) fees, Sub-transfer agency fees, Shareholder servicing fees Annual Rate 0.00250 of Average Daily Assets $0
Adp Broker-Dealer Ivy Funds, Inc. Distribution (12b-1) fees, Sub-transfer agency fees, Shareholder servicing fees Annual Rate 0.00250 of Average Daily Assets Annual Rate 0.00200 of Average Daily Assets $0
Adp Broker-Dealer Janus Distributors, LLC Distribution (12b-1) fees, Sub-transfer agency fees, Shareholder servicing fees Annual Rate 0.00250 of Average Daily Assets Annual Rate 0.00100 of Average Daily Assets $0
Adp Broker-Dealer Loomis Sayles Funds Distribution (12b-1) fees, Sub-transfer agency fees, Shareholder servicing fees Annual Rate 0.00250 of Average Daily Assets Annual Rate 0.00100 of Average Daily Assets $0
Adp Broker-Dealer Lord Abbett Distributor, LLC Distribution (12b-1) fees, Sub-transfer agency fees, Shareholder servicing fees Annual Rate 0.00150 of Average Daily Assets Annual Rate 0.00350 of Average Daily Assets $0
Adp Broker-Dealer Mbsc Securities Corporation, Distri Sub-transfer agency fees, Shareholder servicing fees Annual Rate 0.00400 of Average Daily Assets $0
Adp Broker-Dealer Prudential Investments LLC Distribution (12b-1) fees, Sub-transfer agency fees, Shareholder servicing fees Annual Rate 0.00250 of Average Daily Assets Annual Rate 0.00150 of Average Daily Assets $0
Adp Broker-Dealer State Street Corporation Other fees Annual Rate 0.00300 of Average Daily Assets Annual Rate 0.00420 of Average Daily Assets Annual Rate 0.00500 of Average Daily Assets Annual Rate 0.00638 of Average Daily Assets Annual Rate 0.00380 of Average Daily Assets $0
Adp Broker-Dealer T. Rowe Price Distribution (12b-1) fees, Sub-transfer agency fees, Shareholder servicing fees Annual Rate 0.00250 of Average Daily Assets Annual Rate 0.00150 of Average Daily Assets Annual Rate 0.00250 of Average Daily Assets Annual Rate 0.00150 of Average Daily Assets Annual Rate 0.00250 of Average Daily Assets $0
Adp Broker-Dealer Wells Fargo Funds Distributor, LLC Sub-transfer agency fees, Shareholder servicing fees Annual Rate 0.00150 of Average Daily Assets $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
State St Cash Series Us Govt L State Street Bank & Trust Co DFE: Common/Collective Trust $1,383,825
State St S&P 500 Idx VIII State Street Bank & Trust Co DFE: Common/Collective Trust $698,020
State St S&P Md Cp Idx Nl G State Street Bank & Trust Co DFE: Common/Collective Trust $157,351
State St Russ Sc Idx VI State Street Bank & Trust Co DFE: Common/Collective Trust $140,293
State St Us Bd Idx Sl VII State Street Bank & Trust Co DFE: Common/Collective Trust $55,440
State St Intl Idx Sec Lend VII State Street Bank & Trust Co DFE: Common/Collective Trust $39,365
Fftw Income Plus O Bnp Paribas Inv Prtnr Tr Co DFE: Common/Collective Trust $0
Total $2,474,294

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.