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Overview

Plan Information

  • Plan Year01/01/2017 — 12/31/2017
  • Date of Plan10/01/1985
  • Net Assets as of 12/31/2017 $3,721,084
  • 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 12/31/2017

  • Active (Eligible) Participants71
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits19
  • Subtotal90
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total90
  • Total number of participants as of 01/01/2017146
  • Number of participants with account balances70
  • 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

  • Address3375 Gilchrist Road
  • CityMogadore
  • StateOH
  • Zip44260
  • Telephone(330) 733-6291
  • EIN20-5877047
  • Industry Code493100
  • Named AdministratorAndre Thornton

Plan Administrator Information

  • Administrator NameAsw Global, LLC
  • Address3375 Gilchrist Road
  • CityMogadore
  • StateOH
  • Zip44260
  • Telephone(330) 733-6291
  • Administrator EIN20-5877047

Audit Information

  • Audit StatusAudited
  • AuditorBober, Markey, Fedorovich & Company
  • Auditor EIN34-1523030
  • 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.
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? Yes $955
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 $756,358
Contributions $183,019
Cash Contributions $183,019
Cash from Employers $72,242
Cash from Participants $110,777
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $573,339
Total Interest $1,324
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $1,224
Interest from Other Investments $100
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 $0
Net investment gain (loss) from pooled separate accounts $572,015
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 $0
Expenses $507,585
Total Benefit Payments $493,146
Directly to participants or beneficiaries, including direct rollovers $493,146
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $14,439
Professional Fees $5,150
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $9,289
Net Income $248,773
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 $3,721,084 $3,472,311 7.16%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $7,155 $7,791 -8.16%
Employer Contributions $2,773 $3,079 -9.94%
Participant Contributions $4,382 $4,712 -7.00%
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 $20,497 $29,223 -29.86%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $3,679,050 $3,417,316 7.66%
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 $14,382 $17,981 -20.02%
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 $3,721,084 $3,472,311 7.16%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • John Hancock Life Insurance Company

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
John Hancock Life Insurance Company Recordkeeping and information management (computing, tabulating, data processing, etc.), Investment management, Shareholder servicing fees, Sub-transfer agency fees, Float revenue, Distribution (12b-1) fees, Soft dollars commissions Recordkeeper $210 $0 $210
Total $210 $0 $210

Indirect Compensation

There are no service providers with indirect compensation listed for this plan.

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
Jh Multimanager Balanced Ls John Hancock USA DFE: Pooled Separate Account $588,652
Jh Multimanager Aggressive Ls John Hancock USA DFE: Pooled Separate Account $275,143
500 Index Fund John Hancock USA DFE: Pooled Separate Account $253,352
Jh Multimanager Conserv Ls John Hancock USA DFE: Pooled Separate Account $243,174
Jh Multimanager Growth Ls John Hancock USA DFE: Pooled Separate Account $235,861
John Hancock Disciplined Value John Hancock USA DFE: Pooled Separate Account $183,850
Jh Multimanager Moderate Ls John Hancock USA DFE: Pooled Separate Account $179,199
Money Market Fund John Hancock USA DFE: Pooled Separate Account $168,976
Oppenheimer Developing Mkt John Hancock USA DFE: Pooled Separate Account $138,406
T. Rowe Price Sci & Tech John Hancock USA DFE: Pooled Separate Account $137,980
Europacific Growth Fund John Hancock USA DFE: Pooled Separate Account $126,315
Dfa U.S. Small Cap Fund John Hancock USA DFE: Pooled Separate Account $119,367
Fundamental Large Cap Value John Hancock USA DFE: Pooled Separate Account $108,645
Jpmorgan Midcap Value Fund John Hancock USA DFE: Pooled Separate Account $86,775
Capital Appreciation Fund John Hancock USA DFE: Pooled Separate Account $82,771
Blue Chip Growth Fund John Hancock USA DFE: Pooled Separate Account $73,847
Total Stock Market Index Fund John Hancock USA DFE: Pooled Separate Account $68,325
T. Rowe Price Equity Inc John Hancock USA DFE: Pooled Separate Account $62,821
Mid Cap Index Fund John Hancock USA DFE: Pooled Separate Account $62,303
High Yield Fund John Hancock USA DFE: Pooled Separate Account $57,474
International Value Fund John Hancock USA DFE: Pooled Separate Account $55,816
Science & Technology Fund John Hancock USA DFE: Pooled Separate Account $54,894
Fidelity Advisor Total Bond John Hancock USA DFE: Pooled Separate Account $38,358
Intl Equity Index Fund John Hancock USA DFE: Pooled Separate Account $33,907
Domini Impact Equity Fund John Hancock USA DFE: Pooled Separate Account $28,920
Vanguard Short-Term Federal John Hancock USA DFE: Pooled Separate Account $28,696
Mid Cap Stock Fund John Hancock USA DFE: Pooled Separate Account $25,990
Fundamental All Cap Core Fund John Hancock USA DFE: Pooled Separate Account $22,418
Utilities Fund John Hancock USA DFE: Pooled Separate Account $20,640
Royce Opportunity John Hancock USA DFE: Pooled Separate Account $20,317
Oppenheimer Global John Hancock USA DFE: Pooled Separate Account $19,548
American Century Heritage John Hancock USA DFE: Pooled Separate Account $15,627
Pimco Global Bond John Hancock USA DFE: Pooled Separate Account $15,489
Clearbridge Aggressive Growth John Hancock USA DFE: Pooled Separate Account $13,637
Mutual Global Discovery John Hancock USA DFE: Pooled Separate Account $10,530
Invesco Small Cap Growth John Hancock USA DFE: Pooled Separate Account $8,818
Jpmorgan U.S. Equity Fund John Hancock USA DFE: Pooled Separate Account $6,301
American Balanced Fund John Hancock USA DFE: Pooled Separate Account $4,100
Franklin Small-Mid Growth John Hancock USA DFE: Pooled Separate Account $1,850
Total $3,679,092

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock Life Insurance Company USA 70
EIN 01-0233346
Industry Code 65838
Contract Number 62334
Contract Year 01/01/2017 — 12/31/2017
Value in General Account at Year End $14,715
Value in Separate Accounts at Year End $3,679,094
Insurance Fees and Commissions $15,932
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Kestra Investment Sersvices LLC Agent or Broker other than Insurance $8,982 $0
Qualified Pension Consultants,Inc. 6060 Rockside Woods Blvd., Suite 12 Independence, OH 44131 Insurance Agent or Broker $0 $6,950 TPA COMPENSATION AND ALLOWANCE
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 ANNUITY CONTRACT
Balance at the end of the previous year $18,065
Additions $1,882
Contributions Deposited during the year $1,115
Dividends and credits $0
Interest credited during the year $100
Transferred from separate account $0
Other $667
Total of Balance and Additions $19,947
Deductions $5,425
Disbursed from fund to pay benefits or purchase annuities during the year $5,386
Administration charge made by carrier $39
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $14,522