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FORM 5500 DATA

Area Agency on Aging, PSA 2 403(b) Plan

Overview

Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan01/01/1993
  • Net Assets as of 12/31/2019 $9,703,840
  • Plan Number2
  • 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 12/31/2019

  • Active (Eligible) Participants144
  • Retired or separated participants receiving benefits1
  • Other retired or separated participants entitled to future benefits31
  • Subtotal176
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total176
  • Total number of participants as of 01/01/2019184
  • Number of participants with account balances158
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested7

Expenses

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

Sponsor Information

  • Address40 West Second Street - Suite 400
  • CityDayton
  • StateOH
  • Zip45402
  • Telephone(937) 341-3000
  • EIN31-1361630
  • Industry Code624100

Audit Information

  • Audit StatusAudited
  • AuditorClark Schaefer Hackett & Co.
  • Auditor EIN31-0800053
  • 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.
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.

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 $2,426,124
Contributions $906,163
Cash Contributions $906,163
Cash from Employers $421,330
Cash from Participants $476,917
Others (including rollovers) $7,916
Noncash Contributions $0
Total Earnings on Investments $1,519,961
Total Interest $3,645
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $3,645
Interest from Other Investments $0
Total Dividends $227,636
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 $1,288,680
Real Estate $0
Other $1,288,680
Net investment gain (loss) from common/collective trusts $0
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 $0
Other Income $0
Expenses $448,400
Total Benefit Payments $363,915
Directly to participants or beneficiaries, including direct rollovers $363,915
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $23,180
Interest expense $0
Total Administrative Expenses $61,305
Professional Fees $61,305
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $1,977,724
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2019 12/31/2018 Change YOY
Total Assets $9,703,840 $7,726,116 25.60%
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 $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 $56,552 $78,958 -28.38%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $40,194 $32,725 22.82%
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 $8,538,798 $6,591,230 29.55%
Value of funds held in insurance co. general account $1,068,296 $1,023,203 4.41%
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 $9,703,840 $7,726,116 25.60%

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
Securities America Advisors Inc Investment advisory (plan) NONE $34,046 $0 $34,046
Great-West Life & Annuity Insurance Recordkeeping fees NONE $29,829 $0 $29,829
Total $63,875 $0 $63,875

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
Lnl Vip Delaware Growth and Income Lincoln Financial Group DFE: Pooled Separate Account $27,251
Lnl Vip Delaware Bond Lincoln Financial Group DFE: Pooled Separate Account $6,549
Lvip Mondrian International Value Lincoln Financial Group DFE: Pooled Separate Account $6,255
Lnl Vip Delaware Mid Cap Growth Lincoln Financial Group DFE: Pooled Separate Account $139
Total $40,194

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
The Lincoln National Life Insurance Co. 5
EIN 35-0472300
Industry Code 65676
Contract Number CR25980
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $87,267
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $149
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Lincoln Financial Advisors 1300 S Clinton St - Suite 150 Fort Wayne, IN 46802 -9999 Agent or Broker other than Insurance $149 $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 $87,385
Additions $3,143
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $3,143
Transferred from separate account $0
Other $0
Total of Balance and Additions $90,528
Deductions $3,261
Disbursed from fund to pay benefits or purchase annuities during the year $3,183
Administration charge made by carrier $78
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $87,267
Great-West Life & Annuity Insurance Company 2
EIN 84-0467907
Industry Code 68322
Contract Number 375495-01
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $981,028
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $0
Persons Receiving Commissions and Fees There are no brokers listed for this plan.
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 $935,818
Additions $106,356
Contributions Deposited during the year $36,657
Dividends and credits $0
Interest credited during the year $13,889
Transferred from separate account $115
Other $55,695
Total of Balance and Additions $1,042,174
Deductions $61,146
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $5,251
Transferred to Separate Account $55,895
Other $0
Balance at the end of the current year $981,028