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FORM 5500 DATA

A. Morton Thomas & Associates, Inc. 401k Plan

Overview

Plan Information

  • Plan Year01/01/2014 — 12/31/2014
  • Date of Plan12/01/1988
  • Net Assets as of 12/31/2014 $29,270,464
  • 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 12/31/2014

  • Active (Eligible) Participants419
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits70
  • Subtotal489
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total489
  • Total number of participants as of 01/01/2014437
  • Number of participants with account balances344
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested32

Expenses

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

Sponsor Information

  • Address800 King Farm Blvd. 4th Floor
  • CityRockville
  • StateMD
  • Zip20850
  • Telephone(301) 881-2545
  • EIN52-0728302
  • Industry Code541330
  • Named AdministratorRichard Khalil

Audit Information

  • Audit StatusAudited
  • AuditorBDO
  • Auditor EIN13-5381590
  • 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.
3H Controlled Group Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

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 $5,436,303
Contributions $3,477,049
Cash Contributions $3,477,049
Cash from Employers $1,223,500
Cash from Participants $1,723,982
Others (including rollovers) $529,567
Noncash Contributions $0
Total Earnings on Investments $1,936,428
Total Interest $47,639
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $18,634
Interest from Other Investments $29,005
Total Dividends $905,486
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 $-12,442
Net investment gain (loss) from pooled separate accounts $13,636
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 $982,109
Other Income $22,826
Expenses $1,099,425
Total Benefit Payments $1,065,617
Directly to participants or beneficiaries, including direct rollovers $1,064,916
To insurance carriers for the provision of benefits $701
Other Benefit Payment Fees $0
Corrective Distributions $5,856
Certain deemed distributions of participant loans $17,629
Interest expense $0
Total Administrative Expenses $10,323
Professional Fees $0
Contract Administrator Fees $10,323
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $4,336,878
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2014 12/31/2013 Change YOY
Total Assets $29,283,568 $24,961,736 17.31%
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 $441,942 $426,330 3.66%
Value of interest in common/collective trusts $12,639,346 $0 0.0%
Value of interest in pooled separate accounts $265,797 $261,601 1.60%
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 $14,169,155 $22,027,023 -35.67%
Value of funds held in insurance co. general account $1,767,328 $2,246,782 -21.34%
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 $13,104 $28,150 -53.45%
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) $13,104 $28,150 -53.45%
Net Assets $29,270,464 $24,933,586 17.39%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Wells Fargo Advisors, LLC
  • K&L Gates
  • Captrust Financial Advisors
  • Bruce Mcfarland/Gen2 Group, LLC
  • Wiss & Company, LLP
  • Marsh Finpro

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
Great-West Life & Annuity Insurance Recordkeeping fees Recordkeeper $10,323 $31,113 $41,436
Total $10,323 $31,113 $41,436

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
Great-West Lifetime 2015 Trust II Great-West Trust Company, LLC DFE: Common/Collective Trust $1,732,712
Pru Core Plus Bond Fund Prudential Retirement Company DFE: Common/Collective Trust $1,680,539
Great-West Lifetime 2025 Trust II Great-West Trust Company, LLC DFE: Common/Collective Trust $1,677,747
Great-West Lifetime 2045 Trust III Great-West Trust Company, LLC DFE: Common/Collective Trust $1,524,057
Great-West Lifetime 2045 Trust II Great-West Trust Company, LLC DFE: Common/Collective Trust $1,483,335
Great-West Lifetime 2035 Trust III Great-West Trust Company, LLC DFE: Common/Collective Trust $1,478,368
Great-West Lifetime 2035 Trust II Great-West Trust Company, LLC DFE: Common/Collective Trust $958,228
Great-West Lifetime 2025 Trust III Great-West Trust Company, LLC DFE: Common/Collective Trust $773,299
Great-West Lifetime 2015 Trust III Great-West Trust Company, LLC DFE: Common/Collective Trust $289,419
Pru Ifx Tgt Easypath Bal Prudential Retirement Ins. DFE: Pooled Separate Account $265,797
Great-West Lifetime 2055 Trust III Great-West Trust Company, LLC DFE: Common/Collective Trust $261,099
Great-West Lifetime 2055 Trust II Great-West Trust Company, LLC DFE: Common/Collective Trust $164,900
Great-West Lifetime 2045 Trust I Great-West Trust Company, LLC DFE: Common/Collective Trust $158,840
Great-West Lifetime 2035 Trust I Great-West Trust Company, LLC DFE: Common/Collective Trust $151,964
Great-West Lifetime 2015 Trust I Great-West Trust Company, LLC DFE: Common/Collective Trust $140,177
Great-West Lifetime 2025 Trust I Great-West Trust Company, LLC DFE: Common/Collective Trust $95,317
Great-West Lifetime 2055 Trust I Great-West Trust Company, LLC DFE: Common/Collective Trust $69,345
Total $12,905,143

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Great West Life and Annuity 52
EIN 84-0467907
Industry Code 68322
Contract Number 1114005-01
Contract Year 01/01/2014 — 12/31/2014
Value in General Account at Year End $1,767,328
Value in Separate Accounts at Year End $265,797
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 $2,246,782
Additions $325,005
Contributions Deposited during the year $158,627
Dividends and credits $0
Interest credited during the year $29,005
Transferred from separate account $92,216
Other $45,157
Total of Balance and Additions $2,571,787
Deductions $804,459
Disbursed from fund to pay benefits or purchase annuities during the year $575,521
Administration charge made by carrier $3,413
Transferred to Separate Account $225,525
Other $0
Balance at the end of the current year $1,767,328
Great-West Life & Annuity Insurance Company 6
EIN 84-0467907
Industry Code 68322
Contract Number 1114005-01
Contract Year 01/01/2014 — 12/31/2014
Value in General Account at Year End $0
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 Group Deferred Annuity
Basis of premium rates
Premiums paid to carrier $701
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