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FORM 5500 DATA

Kalamazoo County Sheriff's Deputies Association Money Purchase Pension Plan

Overview

Plan Information

  • Plan Year01/01/2018 — 12/31/2018
  • Date of Plan01/01/1984
  • Net Assets as of 12/31/2018 $45,695,263
  • Plan Number1
  • 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 12/31/2018

  • Active (Eligible) Participants213
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits50
  • Subtotal263
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total263
  • Total number of participants as of 01/01/2018255
  • Number of participants with account balances259
  • 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

  • Address1500 Lamont
  • CityKalamazoo
  • StateMI
  • Zip49048
  • Telephone(269) 383-8728
  • EIN38-6037446
  • Industry Code813000

Audit Information

  • Audit StatusAudited
  • AuditorBrink, Key & Chludzinski, Pc
  • Auditor EIN38-3061223
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
2C Money purchase A pension plan, other than a target benefit plan that requires a fixed percentage of compensation to be contributed to each eligible employee.
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.
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 $-592,488
Contributions $2,233,080
Cash Contributions $2,233,080
Cash from Employers $2,192,473
Cash from Participants $0
Others (including rollovers) $40,607
Noncash Contributions $0
Total Earnings on Investments $-2,825,568
Total Interest $0
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $0
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 $-2,825,568
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 $3,303,445
Total Benefit Payments $3,164,188
Directly to participants or beneficiaries, including direct rollovers $3,164,188
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 $139,257
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $139,257
Net Income $-3,895,933
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2018 12/31/2017 Change YOY
Total Assets $45,695,263 $49,591,196 -7.86%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $0 $55,807 -100.00%
Employer Contributions $0 $55,807 -100.00%
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 $0 $0 0.0%
Value of interest in common/collective trusts $0 $0 0.0%
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 $45,619,176 $49,451,872 -7.75%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $76,087 $83,517 -8.90%
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 $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 $45,695,263 $49,591,196 -7.86%

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
John Hancock Life Ins Co Recordkeeping and information management (computing, tabulating, data processing, etc.), Investment management, Shareholder servicing fees, Sub-transfer agency fees, Float revenue, Distribution (12b-1) fees, Other insurance wrap fees, Soft dollars commissions Recordkeeping $950 $0 $950
Total $950 $0 $950

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 Moderate Ls John Hancock USA DFE: Pooled Separate Account $20,500,000
Jh Multimanager Balanced Ls John Hancock USA DFE: Pooled Separate Account $5,839,722
Jh Multimanager Growth Ls John Hancock USA DFE: Pooled Separate Account $3,469,176
Lifestyle Growth G.I.F.L. John Hancock USA DFE: Pooled Separate Account $2,608,483
American Balanced Fund John Hancock USA DFE: Pooled Separate Account $1,564,092
Jh Multimanager Aggressive Ls John Hancock USA DFE: Pooled Separate Account $1,403,905
Money Market Fund John Hancock USA DFE: Pooled Separate Account $1,192,574
Lifestyle Balanced G.I.F.L. John Hancock USA DFE: Pooled Separate Account $1,103,983
Blue Chip Growth Fund John Hancock USA DFE: Pooled Separate Account $665,998
Jh Multimanager 2030 Lifetime John Hancock USA DFE: Pooled Separate Account $550,779
Jh Multimanager 2020 Lifetime John Hancock USA DFE: Pooled Separate Account $543,602
Lord Abbett High Yield Fund John Hancock USA DFE: Pooled Separate Account $396,289
500 Index Fund John Hancock USA DFE: Pooled Separate Account $384,932
New Perspective Fund John Hancock USA DFE: Pooled Separate Account $338,565
Fundamental Investors John Hancock USA DFE: Pooled Separate Account $298,697
Jh Multimanager 2025 Lifetime John Hancock USA DFE: Pooled Separate Account $274,428
Dfa U.S. Small Cap Fund John Hancock USA DFE: Pooled Separate Account $227,068
The Growth Fund of America John Hancock USA DFE: Pooled Separate Account $226,221
Jh Multimanager 2035 Lifetime John Hancock USA DFE: Pooled Separate Account $225,717
T. Rowe Price Health Sci John Hancock USA DFE: Pooled Separate Account $195,338
Vanguard Small Cap Value Index John Hancock USA DFE: Pooled Separate Account $190,482
John Hancock Disciplined Value John Hancock USA DFE: Pooled Separate Account $180,806
Europacific Growth Fund John Hancock USA DFE: Pooled Separate Account $174,129
Washington Mutual Investors John Hancock USA DFE: Pooled Separate Account $169,904
Vanguard Value Index Fund John Hancock USA DFE: Pooled Separate Account $165,840
Science & Technology Fund John Hancock USA DFE: Pooled Separate Account $160,674
Mutual Global Discovery John Hancock USA DFE: Pooled Separate Account $158,340
New World Fund John Hancock USA DFE: Pooled Separate Account $153,264
Strategic Income Opp Fund John Hancock USA DFE: Pooled Separate Account $152,792
Mid Value Fund John Hancock USA DFE: Pooled Separate Account $152,691
Mid Cap Index Fund John Hancock USA DFE: Pooled Separate Account $145,204
Wells Fargo Core Bond Fund John Hancock USA DFE: Pooled Separate Account $133,710
Royce Opportunity John Hancock USA DFE: Pooled Separate Account $111,824
Lifestyle Moderate G.I.F.L. John Hancock USA DFE: Pooled Separate Account $111,330
Jh Multimanager Conserv Ls John Hancock USA DFE: Pooled Separate Account $107,959
Real Return Bond Fund John Hancock USA DFE: Pooled Separate Account $107,412
Hartford Midcap Fund John Hancock USA DFE: Pooled Separate Account $101,064
Capital Appreciation Fund John Hancock USA DFE: Pooled Separate Account $96,552
Capital World Bond Fund John Hancock USA DFE: Pooled Separate Account $96,459
Utilities Fund John Hancock USA DFE: Pooled Separate Account $87,951
John Hancock Intl Growth John Hancock USA DFE: Pooled Separate Account $87,417
Lord Abbett Short Duration Inc John Hancock USA DFE: Pooled Separate Account $82,732
T. Rowe Price Sci & Tech John Hancock USA DFE: Pooled Separate Account $69,933
Western Asset Core Plus Bond John Hancock USA DFE: Pooled Separate Account $63,773
Vanguard Growth Index Fund John Hancock USA DFE: Pooled Separate Account $55,467
Jh Disciplined Value Intl Fund John Hancock USA DFE: Pooled Separate Account $49,603
Capital Income Builder John Hancock USA DFE: Pooled Separate Account $42,367
Vanguard Explorer Fund John Hancock USA DFE: Pooled Separate Account $41,975
T. Rowe Price Overseas Stock John Hancock USA DFE: Pooled Separate Account $37,195
Vanguard Mid-Cap Value Etf John Hancock USA DFE: Pooled Separate Account $31,157
Oppenheimer Int'L Bond John Hancock USA DFE: Pooled Separate Account $28,658
Income Fund of America John Hancock USA DFE: Pooled Separate Account $28,170
Real Est. Securities Fund John Hancock USA DFE: Pooled Separate Account $28,037
Smallcap World Fund John Hancock USA DFE: Pooled Separate Account $27,368
Dfa Us Targeted Value Fund John Hancock USA DFE: Pooled Separate Account $24,464
Jh Multimanager 2040 Lifetime John Hancock USA DFE: Pooled Separate Account $23,149
Jpmorgan U.S. Equity Fund John Hancock USA DFE: Pooled Separate Account $21,581
Vanguard Energy Fund John Hancock USA DFE: Pooled Separate Account $20,444
Total Stock Market Index Fund John Hancock USA DFE: Pooled Separate Account $20,393
Fundamental All Cap Core Fund John Hancock USA DFE: Pooled Separate Account $19,678
Invesco Small Cap Growth John Hancock USA DFE: Pooled Separate Account $14,695
Vanguard Mid-Cap Growth Etf John Hancock USA DFE: Pooled Separate Account $11,778
Financial Industries Fund John Hancock USA DFE: Pooled Separate Account $11,391
Capital World Growth & Income John Hancock USA DFE: Pooled Separate Account $11,159
Pgim Global Total Return Fund John Hancock USA DFE: Pooled Separate Account $10,702
International Value Fund John Hancock USA DFE: Pooled Separate Account $7,785
John Hancock Bond Fund John Hancock USA DFE: Pooled Separate Account $6,315
Dfa International Value John Hancock USA DFE: Pooled Separate Account $4,074
Jh Multimanager 2055 Lifetime John Hancock USA DFE: Pooled Separate Account $3,111
Dfa Emerging Markets Value John Hancock USA DFE: Pooled Separate Account $0
Lifestyle Cons G.I.F.L. John Hancock USA DFE: Pooled Separate Account $0
Pimco Real Return John Hancock USA DFE: Pooled Separate Account $0
Core Bond Fund John Hancock USA DFE: Pooled Separate Account $0
Pimco Global Bond Opps Fund John Hancock USA DFE: Pooled Separate Account $0
Pimco All Asset John Hancock USA DFE: Pooled Separate Account $0
Invesco International Growth John Hancock USA DFE: Pooled Separate Account $0
Small Cap Value Fund John Hancock USA DFE: Pooled Separate Account $0
Investment Company of America John Hancock USA DFE: Pooled Separate Account $0
Oppenheimer Global John Hancock USA DFE: Pooled Separate Account $0
Mid Cap Stock Fund John Hancock USA DFE: Pooled Separate Account $0
Fidelity Adv New Insights John Hancock USA DFE: Pooled Separate Account $0
Equity Income Fund John Hancock USA DFE: Pooled Separate Account $0
Clearbridge Aggressive Growth John Hancock USA DFE: Pooled Separate Account $0
Blackrock Global Allocation John Hancock USA DFE: Pooled Separate Account $0
American Century Heritage John Hancock USA DFE: Pooled Separate Account $0
Vanguard Small Cap Grow Index John Hancock USA DFE: Pooled Separate Account $0
Global Bond Fund John Hancock USA DFE: Pooled Separate Account $0
High Yield Fund John Hancock USA DFE: Pooled Separate Account $0
T. Rowe Price Equity Inc John Hancock USA DFE: Pooled Separate Account $0
Total $45,652,527

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock Life Insurance Company 257
EIN 01-0233346
Industry Code 65838
Contract Number 87907
Contract Year 01/01/2018 — 12/31/2018
Value in General Account at Year End $0
Value in Separate Accounts at Year End $45,619,176
Insurance Fees and Commissions $22,468
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Warner Norcross & Judd Other $0 $14,855 ATTORNEY FEES
Watkins Ross Third Party Administrator $0 $6,428 TPA COMPENSATION
Brink, Key & Chludzinski Pc 1300 West Centre Avenue Kalamazoo, MI 49024 Other $0 $1,185 AUDITOR
Allocated Funds
Type of Contract Group Deferred Annuity
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 Unspecified
Balance at the end of the previous year $0
Additions $0
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $0
Transferred from separate account $0
Other $0
Total of Balance and Additions $0
Deductions $0
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $0