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FORM 5500 DATA

H.B. Arrison of WV, Inc. Profit Sharing Plan

Overview

Plan Information

  • Plan Year01/01/2007 — 12/31/2007
  • Date of Plan07/01/1989
  • Net Assets as of 12/31/2007 $7,479,289
  • 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?Yes
  • Plan Funding Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2007

  • Active (Eligible) Participants186
  • Retired or separated participants receiving benefits2
  • Other retired or separated participants entitled to future benefits22
  • Subtotal210
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits1
  • Total211
  • Total number of participants as of 01/01/2007214
  • Number of participants with account balances211
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested3
  • Number of participants required to be reported on Schedule SSA8

Expenses

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

Sponsor Information

  • AddressPo Box 7
  • CityBartow
  • StateWV
  • Zip24920-0007
  • Telephone(304) 456-4597
  • EIN55-0565588
  • Industry Code321110
  • Named AdministratorBarry E Frazee
  • Named Plan SponsorBarry E Frazfe

Plan Administrator Information

  • Administrator NameSAME
  • Administrator EIN

Audit Information

  • Audit StatusAudited
  • AuditorMaloney & Associates, PLLC
  • Auditor EIN55-0686264
  • Audit OpinionUnqualified
  • Audit Type Full 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.
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

Financials

Income and Expense Statement

Income $576,436
Contributions $218,175
Cash Contributions $218,175
Cash from Employers $218,175
Cash from Participants $0
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $356,675
Total Interest $137,050
Interest-Bearing Cash $20,954
U.S. Government Securities $94,772
Corporate Debt Instruments $21,324
Loans (other than to participants) $0
Participant Loans $0
Interest from Other Investments $0
Total Dividends $50,410
Preferred Stock $21,617
Common Stock $28,793
Rents $0
Net gain (loss) on sale of assets $-15,776
Aggregate Proceeds $906,117
Aggregate Carrying Amount $921,893
Total Unrealized Appreciation (depreciation) of assets $8,345
Real Estate $0
Other $8,345
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 $176,646
Other Income $1,586
Expenses $195,595
Total Benefit Payments $155,822
Directly to participants or beneficiaries, including direct rollovers $155,822
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 $39,773
Professional Fees $0
Contract Administrator Fees $1,900
Investment Advisory and management fees $37,873
Other Administrative Fees $0
Net Income $380,841
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2007 12/31/2006 Change YOY
Total Assets $7,479,289 $7,098,448 5.37%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $39,954 $16,815 137.61%
Employer Contributions $4,449 $0 0.0%
Participant Contributions $0 $0 0.0%
Other Contributions $35,505 $16,815 111.15%
General Investments $2,508,262 $1,540,853 62.78%
Interest-bearing cash $583,647 $371,811 56.97%
U.S. Government Securities $1,924,615 $1,169,042 64.63%
Corporate Debt Instruments $376,436 $380,534 -1.08%
Preferred $0 $0 0.0%
All Other $376,436 $380,534 -1.08%
Corporate Stocks $2,243,381 $2,487,035 -9.80%
Preferred $307,098 $267,952 14.61%
Common $1,936,283 $2,219,083 -12.74%
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 $2,311,256 $2,673,211 -13.54%
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 $7,479,289 $7,098,448 5.37%

Service Providers

Service Providers

Name Nature of Service Relationship to Plan Sponsor Gross Salary or Allowances Paid by Plan Fees and Commissions Paid by Plan Total Salary/Fees
First United Bank & Trust Trustee (Corporate) $0 $37,874 $37,874
Total $0 $37,874 $37,874

Investments

Investments

No investments information available for this plan.

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.