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FORM 5500 DATA
Overview
Plan Information
- Plan Year01/01/2018 — 12/31/2018
- Date of Plan07/01/2007
- Net Assets as of 12/31/2018 $8,341,776
- 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 ArrangementInsurance Trust
Participant Information as of 12/31/2018
- Active (Eligible) Participants151
- Retired or separated participants receiving benefits0
- Other retired or separated participants entitled to future benefits41
- Subtotal192
- Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
- Total192
- Total number of participants as of 01/01/2018222
- Number of participants with account balances150
- 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
- Address11305 Four Points Drive Bldg 1, Suite 300
- CityAustin
- StateTX
- Zip78726
- Telephone(512) 693-4288
- EIN20-4015413
- Industry Code511210
- Named AdministratorMatthew Bates
- Named Plan SponsorMatthew Bates
Audit Information
- Audit StatusAudited
- AuditorHoltzman Partners
- Auditor EIN74-3121060
- 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. |
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. |
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? | No | |
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 | $751,041 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Expenses | $900,075 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Net Income | $-149,034 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Asset and Liability Statement
12/31/2018 | 12/31/2017 | Change YOY | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total Assets | $8,341,776 | $8,490,810 | -1.76% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total Liabilities | $0 | $0 | 0.0% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Net Assets | $8,341,776 | $8,490,810 | -1.76% |
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 Ins. Co. | Other services, Investment management fees paid indirectly by plan, Sub-transfer agency fees, Recordkeeping fees, Other investment fees and expenses | Contract Administrator | $63,332 | $0 | $63,332 |
Sageview Advisory Group LLC | Investment advisory (plan) | Investment Advisor | $0 | $30,331 | $30,331 |
American Beacon | Investment management fees paid indirectly by plan | Investment Provider | $0 | $0 | $0 |
Fidelity Advisor | Investment management fees paid indirectly by plan | Investment Provider | $0 | $0 | $0 |
Janus Henderson | Investment management fees paid indirectly by plan | Investment Provider | $0 | $0 | $0 |
Jp Morgan | Investment management fees paid indirectly by plan | Investment Provider | $0 | $0 | $0 |
Lazard | Investment management fees paid indirectly by plan | Investment Provider | $0 | $0 | $0 |
Lord Abbett | Investment management fees paid indirectly by plan | Investment Provider | $0 | $0 | $0 |
Metropolitan West Asset Management | Investment management fees paid indirectly by plan | Investment Provider | $0 | $0 | $0 |
Mfs Investment Management | Investment management fees paid indirectly by plan | Investment Provider | $0 | $0 | $0 |
The Hartford | Investment management fees paid indirectly by plan | Investment Provider | $0 | $0 | $0 |
Vanguard | Investment management fees paid indirectly by plan | Investment Provider | $0 | $0 | $0 |
Vanguard | Investment management fees paid indirectly by plan | Investment Provider | $0 | $0 | $0 |
Total | $63,332 | $30,331 | $93,663 |
Indirect Compensation
Name | Source of Indirect Compensation* | Nature of Service | Description of Indirect Compensation | Indirect Compensation Paid by Plan |
---|---|---|---|---|
Massachusetts Mutual Life Ins. Co. | Prem U.S. Govt Mny Mkt Fd Barings | Investment management fees paid indirectly by plan, Other investment fees and expenses | Basis Points * Plan Assets | $0 |
Massachusetts Mutual Life Ins. Co. | Lord Abbett Calibrated Midcapval Fd | Sub-transfer agency fees | Basis Points * Plan Assets | $0 |
Massachusetts Mutual Life Ins. Co. | Lazard Intl Strategic Equity Fd | Sub-transfer agency fees | Basis Points * Plan Assets | $0 |
Massachusetts Mutual Life Ins. Co. | Jp Morgan Value Advantage Fund | Sub-transfer agency fees | Basis Points * Plan Assets | $0 |
Massachusetts Mutual Life Ins. Co. | Millennium Trust Company, LLC | Other services | Referral Fee | $0 |
Massachusetts Mutual Life Ins. Co. | Janus Henderson Triton Fd | Sub-transfer agency fees | Basis Points * Plan Assets | $0 |
Sageview Advisory Group LLC | Massachusetts Mutual Life Ins. Co. | Investment advisory (plan) | Plan Related Expenses | $30,331 |
American Beacon | American Beacon Zebra Smallcapeq Fd | Investment management fees paid indirectly by plan | Basis Points * Plan Assets | $0 |
Fidelity Advisor | Fidelity Advisor New Insights Fund | Investment management fees paid indirectly by plan | Basis Points * Plan Assets | $0 |
Janus Henderson | Janus Henderson Triton Fd | Investment management fees paid indirectly by plan | Basis Points * Plan Assets | $0 |
Jp Morgan | Jp Morgan Value Advantage Fund | Investment management fees paid indirectly by plan | Basis Points * Plan Assets | $0 |
Lazard | Lazard Intl Strategic Equity Fd | Investment management fees paid indirectly by plan | Basis Points * Plan Assets | $0 |
Lord Abbett | Lord Abbett Calibrated Midcapval Fd | Investment management fees paid indirectly by plan | Basis Points * Plan Assets | $0 |
Metropolitan West Asset Management | Metropolitan West Total Rtrn Bnd Fd | Investment management fees paid indirectly by plan | Basis Points * Plan Assets | $0 |
Mfs Investment Management | Mfs Mid Cap Value Fund | Investment management fees paid indirectly by plan | Basis Points * Plan Assets | $0 |
The Hartford | Hartford Midcap Fund | Investment management fees paid indirectly by plan | Basis Points * Plan Assets | $0 |
Vanguard | Vanguard Mid-Cap Growth Fund | Investment management fees paid indirectly by plan | Basis Points * Plan Assets | $0 |
Vanguard | Vanguard Total Bond Mrkt Index Fund | Investment management fees paid indirectly by plan | Basis Points * Plan Assets | $0 |
Vanguard | Vanguard Total Intl Stock Index Fd | Investment management fees paid indirectly by plan | Basis Points * Plan Assets | $0 |
Vanguard | Vanguard 500 Index Fund | Investment management fees paid indirectly by plan | Basis Points * Plan Assets | $0 |
Vanguard | Vanguard Mid Cap Index Fund | Investment management fees paid indirectly by plan | Basis Points * Plan Assets | $0 |
Vanguard | Vanguard Small Cap Index Fund | Investment management fees paid indirectly by plan | Basis Points * Plan 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
No investments information available for this plan.
Insurance Information
Insurance Information
Insurance Carrier Summary | Persons Covered | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Massachusetts Mutual Life Insurance Company | 192 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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