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FORM 5500 DATA

Acmh, Inc. Tax Deferred Annuity Plan

Overview

Plan Information

  • Plan Year06/01/2017 — 05/31/2018
  • Date of Plan06/01/1981
  • Net Assets as of 05/31/2018 $5,561,413
  • 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 05/31/2018

  • Active (Eligible) Participants264
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits16
  • Subtotal280
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits2
  • Total282
  • Total number of participants as of 06/01/2017226
  • Number of participants with account balances270
  • 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

  • Address254 W. 31st Street 9th Floor
  • CityNew York
  • StateNY
  • Zip10001
  • Telephone(212) 274-8558
  • EIN23-7293784
  • Industry Code621498
  • Named AdministratorDaniel K. Johansson

Audit Information

  • Audit StatusAudited
  • AuditorBkd, LLP
  • Auditor EIN44-0160260
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
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.
2L Code section 403(b)(1) arrangement A 403(b) plan, also known as a tax-sheltered annuity (TSA) plan, is a retirement plan for certain employees of public schools, employees of certain tax-exempt organizations, and certain ministers.
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 $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 $1,200,252
Contributions $833,969
Cash Contributions $833,969
Cash from Employers $452,442
Cash from Participants $374,860
Others (including rollovers) $6,667
Noncash Contributions $0
Total Earnings on Investments $366,283
Total Interest $45,639
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $1,065
Interest from Other Investments $44,574
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 $11,180
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 $309,464
Other Income $0
Expenses $330,014
Total Benefit Payments $310,306
Directly to participants or beneficiaries, including direct rollovers $310,306
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $11,403
Interest expense $0
Total Administrative Expenses $8,305
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $8,305
Net Income $870,238
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

05/31/2018 05/31/2017 Change YOY
Total Assets $5,561,413 $4,691,175 18.55%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $341 $270 26.30%
Employer Contributions $0 $0 0.0%
Participant Contributions $54 $0 0.0%
Other Contributions $287 $270 6.30%
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 $21,748 $30,459 -28.60%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $445,507 $333,300 33.67%
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 $3,764,969 $3,072,388 22.54%
Value of funds held in insurance co. general account $1,328,848 $1,254,758 5.90%
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 $5,561,413 $4,691,175 18.55%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Transamerica Retirement Solutions

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 Record Keeper $8,305 $0 $8,305
Total $8,305 $0 $8,305

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

Name Position Explanation
Loeb & Troper LLP Auditor Loeb & Troper LLP Was Acquired By Bkd Effective 07/15/18

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Government Fixed Fund Transamerica Financial Life Insurance Company DFE: Pooled Separate Account $445,507
Total $445,507

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Transamerica Financial Life Insurance Company 270
EIN 36-6071399
Industry Code 70688
Contract Number FA053867
Contract Year 06/01/2017 — 05/31/2018
Value in General Account at Year End $1,328,848
Value in Separate Accounts at Year End $4,210,476
Insurance Fees and Commissions $6,593
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Howard Busloff 970 Park Ave New York, NY 10028 Insurance Agent or Broker $5,514 $0
Joseph Nolan 8910 Soundview Ave Southold, NY 11971 Insurance Agent or Broker $1,079 $0
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 $1,254,758
Additions $208,186
Contributions Deposited during the year $151,906
Dividends and credits $0
Interest credited during the year $44,574
Transferred from separate account $6,640
Other $5,066
Total of Balance and Additions $1,462,944
Deductions $134,096
Disbursed from fund to pay benefits or purchase annuities during the year $106,938
Administration charge made by carrier $3,542
Transferred to Separate Account $17,607
Other $6,009
Balance at the end of the current year $1,328,848