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FORM 5500 DATA

Abel PEO Services Multi 401k and Savings Plan

Overview

Plan Information

  • Plan Year01/01/2014 — 12/31/2014
  • Date of Plan05/01/2002
  • Net Assets as of 12/31/2014 $18,449,572
  • Plan Number333
  • Plan Type Multiple 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 12/31/2014

  • Active (Eligible) Participants639
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits37
  • Subtotal676
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total676
  • Total number of participants as of 01/01/2014741
  • Number of participants with account balances303
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested34

Expenses

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

Sponsor Information

  • Address2 Corporate Drive
  • CityCranbury
  • StateNJ
  • Zip08512
  • Telephone(609) 860-0400
  • EIN22-3163382
  • Industry Code561490
  • Named AdministratorJames W. Bell, Sr.
  • Named Plan SponsorJames W. Bell, Sr.

Audit Information

  • Audit StatusAudited
  • AuditorWiss & Company, LLP
  • Auditor EIN22-1732349
  • 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.

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 $54,076
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 $1,500,000
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 $2,442,049
Contributions $1,982,149
Cash Contributions $1,982,149
Cash from Employers $498,599
Cash from Participants $1,454,072
Others (including rollovers) $29,478
Noncash Contributions $0
Total Earnings on Investments $430,077
Total Interest $9,824
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $9,824
Interest from Other Investments $0
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 $420,253
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 $29,823
Expenses $2,261,793
Total Benefit Payments $1,943,064
Directly to participants or beneficiaries, including direct rollovers $1,913,764
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $29,300
Corrective Distributions $51,111
Certain deemed distributions of participant loans $48,706
Interest expense $0
Total Administrative Expenses $218,912
Professional Fees $0
Contract Administrator Fees $153,240
Investment Advisory and management fees $0
Other Administrative Fees $65,672
Net Income $180,256
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $184,886

Asset and Liability Statement

12/31/2014 12/31/2013 Change YOY
Total Assets $18,500,683 $18,186,002 1.73%
Total noninterest-bearing cash $32,549 $18,897 72.24%
Receivables $173,333 $96,190 80.20%
Employer Contributions $104,610 $71,920 45.45%
Participant Contributions $65,639 $22,134 196.55%
Other Contributions $3,084 $2,136 44.38%
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 $125,653 $314,920 -60.10%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $11,380,473 $11,537,958 -1.36%
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 $1,863,095 $1,968,355 -5.35%
Other Investments $4,925,580 $4,249,682 15.90%
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 $51,111 $13,908 267.49%
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) $51,111 $13,908 267.49%
Net Assets $18,449,572 $18,172,094 1.53%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Lincoln National Corporation

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
Lincoln National Corporation Contract Administrator Service Provider $123,826 $0 $123,826
Stadion Money Management Investment advisory (participants) Service Provider $55,219 $0 $55,219
Pinnacle Financial Services Recordkeeping and information management (computing, tabulating, data processing, etc.) Service Provider $16,071 $0 $16,071
Total $195,116 $0 $195,116

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
Stadion Managed Moderate Lincoln National Life Insurance Company DFE: Pooled Separate Account $2,576,734
Stadion Managed Growth Lincoln National Life Insurance Company DFE: Pooled Separate Account $1,957,689
Stadion Managed Balanced Lincoln National Life Insurance Company DFE: Pooled Separate Account $1,313,605
Lvip Ssga S & P 500 Index Lincoln National Life Insurance Company DFE: Pooled Separate Account $752,633
Stadion Managed Conservative Lincoln National Life Insurance Company DFE: Pooled Separate Account $495,252
Lvip Managed Risk Pr 2030 Lincoln National Life Insurance Company DFE: Pooled Separate Account $447,508
Lvip Managed Risk Pr 2020 Lincoln National Life Insurance Company DFE: Pooled Separate Account $404,136
Federated Gov'T Ultrashort Duration Lincoln National Life Insurance Company DFE: Pooled Separate Account $396,915
Ssga Russ Sc Value Index Non-Lndg Lincoln National Life Insurance Company DFE: Pooled Separate Account $329,978
Ssga S & P Midcp Index Non-Lndg Lincoln National Life Insurance Company DFE: Pooled Separate Account $314,233
Franklin High Income Lincoln National Life Insurance Company DFE: Pooled Separate Account $313,665
Ssga Russ Lc Value Idx Non-Lndg Lincoln National Life Insurance Company DFE: Pooled Separate Account $235,609
Mfs Vit Growth Lincoln National Life Insurance Company DFE: Pooled Separate Account $182,995
Vanguard Lifestrategy Mod Growth Lincoln National Life Insurance Company DFE: Pooled Separate Account $170,140
Lvip Vanguard Intl Equity Etf Lincoln National Life Insurance Company DFE: Pooled Separate Account $159,770
Lincoln Life Separate Account Lincoln National Life Insurance Company DFE: Pooled Separate Account $147,292
Invesco Growth and Income Lincoln National Life Insurance Company DFE: Pooled Separate Account $144,649
Vanguard Lifestrategy Growth Lincoln National Life Insurance Company DFE: Pooled Separate Account $126,635
Lvip Managed Risk Pr 2040 Lincoln National Life Insurance Company DFE: Pooled Separate Account $121,415
Oppenheimer Developing Markets Lincoln National Life Insurance Company DFE: Pooled Separate Account $120,372
Ssga Russ Lc Growth Idx Non-Lndg Lincoln National Life Insurance Company DFE: Pooled Separate Account $115,432
Lvip Ssga Bond Index Lincoln National Life Insurance Company DFE: Pooled Separate Account $111,855
Ssga Russ Sc Growth Index Non-Lndg Lincoln National Life Insurance Company DFE: Pooled Separate Account $97,954
Lvip Blckrck Inflatn Protected Bond Lincoln National Life Insurance Company DFE: Pooled Separate Account $90,557
Stadion Managed Cap Preservation Lincoln National Life Insurance Company DFE: Pooled Separate Account $63,573
Lvip Managed Risk Pr 2010 Lincoln National Life Insurance Company DFE: Pooled Separate Account $53,335
Lvip Clarion Global Real Estate Lincoln National Life Insurance Company DFE: Pooled Separate Account $53,068
Pimco Total Return Lincoln National Life Insurance Company DFE: Pooled Separate Account $42,619
Vanguard Lifestrat Conserv Growth Lincoln National Life Insurance Company DFE: Pooled Separate Account $19,466
Lvip Managed Risk Pr 2050 Lincoln National Life Insurance Company DFE: Pooled Separate Account $12,372
Temp Global Bond Securities Lincoln National Life Insurance Company DFE: Pooled Separate Account $9,019
Franklin Growth Lincoln National Life Insurance Company DFE: Pooled Separate Account $0
Delaware Vip Value Lincoln National Life Insurance Company DFE: Pooled Separate Account $0
Lvip Delaware Bond Lincoln National Life Insurance Company DFE: Pooled Separate Account $0
Total $11,380,475

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Lincoln National Life Insurance Co. 303
EIN 35-0472300
Industry Code 65676
Contract Number MULTIPLE
Contract Year 01/01/2014 — 12/31/2014
Value in General Account at Year End $1,863,096
Value in Separate Accounts at Year End $11,380,501
Insurance Fees and Commissions $97,609
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Lincoln Financial Advisors 1300 S Clinton St Fort Wayne, IN 46802 -9999 Agent or Broker other than Insurance $30,278 $0
Abel Peo Services 2 Corporate Drive Cranbury, NJ 08512 Other $0 $26,211 PLAN EXPENSES
Pinnacle Financial Srv Inc 1177 Hypoluxo Rd Lantana, FL 33462 Third Party Administrator $0 $22,065 TPA SUBSIDY
Benexchange Financial Group Co 1 World Trade Fl 85 New York, NY 10007 Agent or Broker other than Insurance $8,578 $0
Pinnacle Financial Srv Inc 1177 Hypoluxo Rd Lantana, FL 33462 Third Party Administrator $0 $8,229 TPA AWARDS
Lincoln Financial Advisors 1300 S Clinton St Fort Wayne, IN 46802 -9999 Agent or Broker other than Insurance $0 $1,364 NON-MONETARY COMPENSATION TO SALES REP
Benexchange Financial Group Co 1 World Trade Fl 85 New York, NY 10007 Agent or Broker other than Insurance $0 $862 NON-MONETARY COMPENSATION TO SALES REP
Pinnacle Financial Srv Inc 1177 Hypoluxo Rd Lantana, FL 33462 Third Party Administrator $0 $22 MARKETING 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 GUARANTEED ACCTS
Balance at the end of the previous year $1,968,355
Additions $578,940
Contributions Deposited during the year $501,422
Dividends and credits $0
Interest credited during the year $0
Transferred from separate account $9,656
Other $67,862
Total of Balance and Additions $2,547,295
Deductions $684,199
Disbursed from fund to pay benefits or purchase annuities during the year $656,925
Administration charge made by carrier $27,274
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $1,863,096