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FORM 5500 DATA

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

Overview

Plan Information

  • Plan Year01/01/2015 — 12/31/2015
  • Date of Plan12/01/1988
  • Net Assets as of 12/31/2015 $31,320,016
  • 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 12/31/2015

  • Active (Eligible) Participants428
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits93
  • Subtotal521
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total521
  • Total number of participants as of 01/01/2015489
  • Number of participants with account balances395
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested72

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 $3,558,725
Contributions $3,433,442
Cash Contributions $3,433,442
Cash from Employers $1,324,640
Cash from Participants $1,901,387
Others (including rollovers) $207,415
Noncash Contributions $0
Total Earnings on Investments $96,881
Total Interest $47,909
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $20,279
Interest from Other Investments $27,630
Total Dividends $724,357
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 $-179,616
Net investment gain (loss) from pooled separate accounts $-4,385
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 $-491,384
Other Income $28,402
Expenses $1,509,173
Total Benefit Payments $1,436,503
Directly to participants or beneficiaries, including direct rollovers $1,435,556
To insurance carriers for the provision of benefits $947
Other Benefit Payment Fees $0
Corrective Distributions $1,272
Certain deemed distributions of participant loans $59,663
Interest expense $0
Total Administrative Expenses $11,735
Professional Fees $0
Contract Administrator Fees $11,735
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $2,049,552
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2015 12/31/2014 Change YOY
Total Assets $31,341,420 $29,283,568 7.03%
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 $446,645 $441,942 1.06%
Value of interest in common/collective trusts $13,402,239 $12,639,346 6.04%
Value of interest in pooled separate accounts $261,165 $265,797 -1.74%
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 $15,022,876 $14,169,155 6.03%
Value of funds held in insurance co. general account $2,208,495 $1,767,328 24.96%
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 $21,404 $13,104 63.34%
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) $21,404 $13,104 63.34%
Net Assets $31,320,016 $29,270,464 7.00%

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 $11,735 $23,939 $35,674
Total $11,735 $23,939 $35,674

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 2025 Trust II Great-West Trust Company, LLC DFE: Common/Collective Trust $1,914,380
Great-West Lifetime 2015 Trust II Great-West Trust Company, LLC DFE: Common/Collective Trust $1,806,708
Great-West Lifetime 2045 Trust III Great-West Trust Company, LLC DFE: Common/Collective Trust $1,602,252
Great-West Lifetime 2045 Trust II Great-West Trust Company, LLC DFE: Common/Collective Trust $1,540,986
Great-West Lifetime 2035 Trust III Great-West Trust Company, LLC DFE: Common/Collective Trust $1,512,146
Pru Core Plus Bond Fund Prudential Retirement Company DFE: Common/Collective Trust $1,502,619
Great-West Lifetime 2035 Trust II Great-West Trust Company, LLC DFE: Common/Collective Trust $975,336
Great-West Lifetime 2025 Trust III Great-West Trust Company, LLC DFE: Common/Collective Trust $769,271
Great-West Lifetime 2015 Trust III Great-West Trust Company, LLC DFE: Common/Collective Trust $378,368
Great-West Lifetime 2055 Trust III Great-West Trust Company, LLC DFE: Common/Collective Trust $318,655
Great-West Lifetime 2055 Trust II Great-West Trust Company, LLC DFE: Common/Collective Trust $270,093
Pru Ifx Tgt Easypath Bal Prudential Retirement Ins. DFE: Pooled Separate Account $261,165
Great-West Lifetime 2045 Trust I Great-West Trust Company, LLC DFE: Common/Collective Trust $219,055
Great-West Lifetime 2035 Trust I Great-West Trust Company, LLC DFE: Common/Collective Trust $179,805
Great-West Lifetime 2025 Trust I Great-West Trust Company, LLC DFE: Common/Collective Trust $177,172
Great-West Lifetime 2015 Trust I Great-West Trust Company, LLC DFE: Common/Collective Trust $131,770
Great-West Lifetime 2055 Trust I Great-West Trust Company, LLC DFE: Common/Collective Trust $103,622
Total $13,663,403

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Great West Life and Annuity 54
EIN 84-0467907
Industry Code 68322
Contract Number 1114005-01
Contract Year 01/01/2015 — 12/31/2015
Value in General Account at Year End $2,208,495
Value in Separate Accounts at Year End $261,165
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 $1,767,328
Additions $878,748
Contributions Deposited during the year $154,432
Dividends and credits $0
Interest credited during the year $27,631
Transferred from separate account $607,703
Other $88,982
Total of Balance and Additions $2,646,076
Deductions $437,581
Disbursed from fund to pay benefits or purchase annuities during the year $356,553
Administration charge made by carrier $2,236
Transferred to Separate Account $78,792
Other $0
Balance at the end of the current year $2,208,495
Great-West Life & Annuity Insurance Company 9
EIN 84-0467907
Industry Code 68322
Contract Number 1114005-01
Contract Year 01/01/2015 — 12/31/2015
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 $947
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