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FORM 5500 DATA

Granite Group Wholesalers Profit Sharing Plan and Trust

Overview

Plan Information

  • Plan Year01/01/2013 — 12/31/2013
  • Date of Plan10/07/1983
  • Net Assets as of 12/31/2013 $27,686,052
  • 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? No
  • Plan Funding Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2013

  • Active (Eligible) Participants355
  • Retired or separated participants receiving benefits8
  • Other retired or separated participants entitled to future benefits50
  • Subtotal413
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits1
  • Total414
  • Total number of participants as of 01/01/2013404
  • Number of participants with account balances276
  • 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

  • Address6 Storrs St
  • CityConcord
  • StateNH
  • Zip03301
  • Telephone(603) 224-1901
  • EIN02-0495286
  • Industry Code423700
  • Named AdministratorJoseph Goff

Audit Information

  • Audit StatusAudited
  • AuditorCaron & Bletzer, PLLC
  • Auditor EIN04-3499945
  • 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.
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? 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 $5,658,340
Contributions $1,105,065
Cash Contributions $1,105,065
Cash from Employers $251,934
Cash from Participants $822,936
Others (including rollovers) $30,195
Noncash Contributions $0
Total Earnings on Investments $4,553,275
Total Interest $22,296
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $22,296
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 $-37,444
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 $4,568,423
Other Income $0
Expenses $793,835
Total Benefit Payments $772,570
Directly to participants or beneficiaries, including direct rollovers $772,570
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $11,555
Interest expense $0
Total Administrative Expenses $9,710
Professional Fees $0
Contract Administrator Fees $9,710
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $4,864,505
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2013 12/31/2012 Change YOY
Total Assets $27,686,052 $22,821,547 21.32%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $265,128 $11,828 2141.53%
Employer Contributions $251,934 $0 0.0%
Participant Contributions $13,194 $11,828 11.55%
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 $537,183 $435,045 23.48%
Value of interest in common/collective trusts $594,389 $702,662 -15.41%
Value of interest in pooled separate accounts $0 $0 0.0%
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 $26,289,352 $21,672,012 21.31%
Value of funds held in insurance co. general account $0 $0 0.0%
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 $27,686,052 $22,821,547 21.32%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Sei Trust 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
Commonwealth Financial Network Securities brokerage, Other fees $0 $55,285 $55,285
Hartford Retirement Services, LLC Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Participant communication, Other services, Shareholder servicing fees, Sub-transfer agency fees, Float revenue, Distribution (12b-1) fees, Recordkeeping fees, Account maintenance fees, Other investment fees and expenses, Other fees, Direct payment from the plan $0 $0 $0
Total $0 $55,285 $55,285

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Hartford Retirement Services American Funds Cap World G&I-R4 Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Participant communication, Other services, Shareholder servicing fees, Sub-transfer agency fees, Float revenue, Distribution (12b-1) fees, Recordkeeping fees, Account maintenance fees, Other investment fees and expenses, Other fees, Direct payment from the plan Mutual Fund Payments-See Attached Form 5500 Schedule C Report $0
Hartford Retirement Services American Funds Europacific-R4 Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Participant communication, Other services, Shareholder servicing fees, Sub-transfer agency fees, Float revenue, Distribution (12b-1) fees, Recordkeeping fees, Account maintenance fees, Other investment fees and expenses, Other fees, Direct payment from the plan Mutual Fund Payments-See Attached Form 5500 Schedule C Report $0
Hartford Retirement Services American Funds Growth Fund-R4 Recordkeeping and information management (computing, tabulating, data processing, etc.), Direct payment from the plan, Participant loan processing, Participant communication, Other services, Shareholder servicing fees, Sub-transfer agency fees, Float revenue, Distribution (12b-1) fees, Recordkeeping fees, Account maintenance fees, Other investment fees and expenses, Other fees Mutual Fund Payments-See Attached Form 5500 Schedule C Report $0
Hartford Retirement Service Columbia Acorn Fund-A Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Participant communication, Other services, Shareholder servicing fees, Sub-transfer agency fees, Float revenue, Distribution (12b-1) fees, Recordkeeping fees, Account maintenance fees, Other investment fees and expenses, Other fees, Direct payment from the plan Mutual Fund Payments-See Attached Form 5500 Schedule C Report $0
Hartford Retirement Services Columbia Mid Cap Value Fund-A Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Participant communication, Other services, Shareholder servicing fees, Sub-transfer agency fees, Float revenue, Distribution (12b-1) fees, Recordkeeping fees, Account maintenance fees, Other investment fees and expenses, Other fees, Direct payment from the plan Mutual Fund Payments-See Attached Form 5500 Schedule C Report $0
Hartford Retirement Services Dreyfus Basic S&P 500 Index-A Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Participant communication, Other services, Shareholder servicing fees, Sub-transfer agency fees, Float revenue, Distribution (12b-1) fees, Recordkeeping fees, Account maintenance fees, Other investment fees and expenses, Other fees, Direct payment from the plan Mutual Fund Payments-See Attached Form 5500 Schedule C Report $0
Hartford Retirement Services Dreyfus Midcapindex Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Participant communication, Other services, Shareholder servicing fees, Sub-transfer agency fees, Float revenue, Distribution (12b-1) fees, Recordkeeping fees, Account maintenance fees, Other investment fees and expenses, Other fees, Direct payment from the plan Mutual Fund Payments-See Attached Form 5500 Schedule C Report $0
Hartford Retirement Services Dreyfus Small Cap Index Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Participant communication, Other services, Shareholder servicing fees, Sub-transfer agency fees, Float revenue, Distribution (12b-1) fees, Recordkeeping fees, Account maintenance fees, Other investment fees and expenses, Other fees, Direct payment from the plan Mutual Fund Payments-See Attached Form 5500 Schedule C Report $0
Hartford Retirement Services Mfs Lifetime 2050 Fund-R3 Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Participant communication, Other services, Shareholder servicing fees, Sub-transfer agency fees, Float revenue, Distribution (12b-1) fees, Recordkeeping fees, Account maintenance fees, Other investment fees and expenses, Other fees, Direct payment from the plan Mutual Fund Payments-See Attached Form 5500 Schedule C Report $0
Hartford Retirement Services Fixed Fund Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Participant communication, Other services, Shareholder servicing fees, Sub-transfer agency fees, Float revenue, Distribution (12b-1) fees, Recordkeeping fees, Account maintenance fees, Other investment fees and expenses, Other fees, Direct payment from the plan Mutual Fund Payments-See Attached Form 5500 Schedule C Report $0
Hartford Retirement Services Franklin Strategic Income-A Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Participant communication, Other services, Shareholder servicing fees, Sub-transfer agency fees, Float revenue, Distribution (12b-1) fees, Recordkeeping fees, Account maintenance fees, Other investment fees and expenses, Other fees, Direct payment from the plan Mutual Fund Payments-See Attached Form 5500 Schedule C Report $0
Hartford Retirement Services Ing Global Reit Fund-A Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Participant communication, Other services, Shareholder servicing fees, Sub-transfer agency fees, Float revenue, Distribution (12b-1) fees, Recordkeeping fees, Account maintenance fees, Other investment fees and expenses, Other fees, Direct payment from the plan Mutual Fund Payments-See Attached Form 5500 Schedule C Report $0
Hartford Retirement Services Invesco Equity & Income-A Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Participant communication, Other services, Shareholder servicing fees, Sub-transfer agency fees, Float revenue, Distribution (12b-1) fees, Recordkeeping fees, Account maintenance fees, Other investment fees and expenses, Other fees, Direct payment from the plan Mutual Fund Payments-See Attached Form 5500 Schedule C Report $0
Hartford Retirement Services Lazard Emerging Markets Open Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Participant communication, Other services, Shareholder servicing fees, Sub-transfer agency fees, Float revenue, Distribution (12b-1) fees, Recordkeeping fees, Account maintenance fees, Other investment fees and expenses, Other fees, Direct payment from the plan Mutual Fund Payments-See Attached Form 5500 Schedule C Report $0
Hartford Retirement Services Mfs Bond Fund-R3 Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Participant communication, Other services, Shareholder servicing fees, Sub-transfer agency fees, Float revenue, Distribution (12b-1) fees, Recordkeeping fees, Account maintenance fees, Other investment fees and expenses, Other fees, Direct payment from the plan Mutual Fund Payments-See Attached Form 5500 Schedule C Report $0
Hartford Retirement Services Mfs International Value-R3 Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Participant communication, Other services, Shareholder servicing fees, Sub-transfer agency fees, Float revenue, Distribution (12b-1) fees, Recordkeeping fees, Account maintenance fees, Other investment fees and expenses, Other fees, Direct payment from the plan Mutual Fund Payments-See Attached Form 5500 Schedule C Report $0
Hartford Retirement Services Mfs Lifetime 2010 Fund-R3 Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Participant communication, Other services, Shareholder servicing fees, Sub-transfer agency fees, Float revenue, Distribution (12b-1) fees, Recordkeeping fees, Account maintenance fees, Other investment fees and expenses, Other fees, Direct payment from the plan Mutual Fund Payments-See Attached Form 5500 Schedule C Report $0
Hartford Retirement Services Mfs Lifetime 2020 Fund-R3 Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Participant communication, Other services, Shareholder servicing fees, Sub-transfer agency fees, Float revenue, Distribution (12b-1) fees, Recordkeeping fees, Account maintenance fees, Other investment fees and expenses, Other fees, Direct payment from the plan Mutual Fund Payments-See Attached Form 5500 Schedule C Report $0
Hartford Retirement Services Mfs Lifetime 2030 Fund-R3 Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Participant communication, Other services, Shareholder servicing fees, Sub-transfer agency fees, Float revenue, Distribution (12b-1) fees, Recordkeeping fees, Account maintenance fees, Other investment fees and expenses, Other fees, Direct payment from the plan Mutual Fund Payments-See Attached Form 5500 Schedule C Report $0
Hartford Retirement Services Mfs Lifetime 2040 Fund-R3 Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Participant communication, Other services, Shareholder servicing fees, Sub-transfer agency fees, Float revenue, Distribution (12b-1) fees, Recordkeeping fees, Account maintenance fees, Other investment fees and expenses, Other fees, Direct payment from the plan Mutual Fund Payments-See Attached Form 5500 Schedule C Report $0
Hartford Retirement Services Mfs Lifetime Retiremt Income-R3 Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Participant communication, Other services, Shareholder servicing fees, Sub-transfer agency fees, Float revenue, Distribution (12b-1) fees, Recordkeeping fees, Account maintenance fees, Other investment fees and expenses, Other fees, Direct payment from the plan Mutual Fund Payments-See Attached Form 5500 Schedule C Report $0
Hartford Retirement Services Mfs Utilities Fund-R3 Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Participant communication, Other services, Shareholder servicing fees, Sub-transfer agency fees, Float revenue, Distribution (12b-1) fees, Recordkeeping fees, Account maintenance fees, Other investment fees and expenses, Other fees, Direct payment from the plan Mutual Fund Payments-See Attached Form 5500 Schedule C Report $0
Hartford Retirement Services Mfs Value Fund-R3 Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Participant communication, Other services, Shareholder servicing fees, Sub-transfer agency fees, Float revenue, Distribution (12b-1) fees, Recordkeeping fees, Account maintenance fees, Other investment fees and expenses, Other fees, Direct payment from the plan Mutual Fund Payments-See Attached Form 5500 Schedule C Report $0
Hartford Retirement Services Munder Mid Cap Core Growth-A Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Participant communication, Other services, Shareholder servicing fees, Sub-transfer agency fees, Float revenue, Distribution (12b-1) fees, Recordkeeping fees, Account maintenance fees, Other investment fees and expenses, Other fees, Direct payment from the plan Mutual Fund Payments-See Attached Form 5500 Schedule C Report $0
Hartford Retirement Services Oppenheimer Main St Sm &Md Cap-A Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Participant communication, Other services, Shareholder servicing fees, Sub-transfer agency fees, Float revenue, Distribution (12b-1) fees, Recordkeeping fees, Account maintenance fees, Other investment fees and expenses, Other fees, Direct payment from the plan Mutual Fund Payments-See Attached Form 5500 Schedule C Report $0
Hartford Retirement Services Pimco High Yield Fund-A Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Participant communication, Other services, Shareholder servicing fees, Sub-transfer agency fees, Float revenue, Distribution (12b-1) fees, Recordkeeping fees, Account maintenance fees, Other investment fees and expenses, Other fees, Direct payment from the plan Mutual Fund Payments-See Attached Form 5500 Schedule C Report $0
Hartford Retirement Services Prudent Jennison Natural Res-A Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Participant communication, Other services, Shareholder servicing fees, Sub-transfer agency fees, Float revenue, Distribution (12b-1) fees, Recordkeeping fees, Account maintenance fees, Other investment fees and expenses, Other fees, Direct payment from the plan Mutual Fund Payments-See Attached Form 5500 Schedule C Report $0
Hartford Retirement Services Victory Diversified Stock Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Participant communication, Other services, Shareholder servicing fees, Sub-transfer agency fees, Float revenue, Distribution (12b-1) fees, Recordkeeping fees, Account maintenance fees, Other investment fees and expenses, Other fees, Direct payment from the plan Mutual Fund Payments-See Attached Form 5500 Schedule C Report $0
Hartford Retirement Services Victory Small Co Opprotunity-A Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Participant communication, Other services, Shareholder servicing fees, Sub-transfer agency fees, Float revenue, Distribution (12b-1) fees, Recordkeeping fees, Account maintenance fees, Other investment fees and expenses, Other fees, Direct payment from the plan Mutual Fund Payments-See Attached Form 5500 Schedule C Report $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

Name of Investment Investment Manager Type of Investment Dollar Value
Mfs Fixed Fund Sei Trust Company DFE: Common/Collective Trust $594,389
Total $594,389

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.