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FORM 5500 DATA

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

Overview

Plan Information

  • Plan Year01/01/2017 — 12/31/2017
  • Date of Plan07/01/1989
  • Net Assets as of 12/31/2017 $4,908,559
  • 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 Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2017

  • Active (Eligible) Participants116
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits39
  • Subtotal155
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total155
  • Total number of participants as of 01/01/2017169
  • Number of participants with account balances151
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested4

Expenses

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

Sponsor Information

  • AddressPobox 520
  • CityKingwood
  • StateWV
  • Zip26537
  • Telephone(304) 329-2752
  • EIN55-0565588
  • Industry Code321110
  • Named AdministratorBarry Frazee

Plan Administrator Information

  • Administrator NameH. B. Arrison of West Virginia
  • AddressPo Box 520
  • CityKingwood
  • StateWV
  • Zip26537
  • Telephone(304) 329-2752
  • Administrator EIN55-0565588

Audit Information

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

Benefits Provided Under the Plan

Code Benefit Description
2A Age/Service Weighted or New Comparability or Similar Plan Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New Comparability or Similar Plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the threshold or additional rate allowed under the permitted disparity rules of section 401(l)
2E Profit-sharing A defined contribution plan that allows employer discretionary contributions. These plans often contain a 401(k) feature.
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 $635,298
Contributions $8,750
Cash Contributions $8,750
Cash from Employers $8,750
Cash from Participants $0
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $625,934
Total Interest $70,833
Interest-Bearing Cash $1,504
U.S. Government Securities $0
Corporate Debt Instruments $60,040
Loans (other than to participants) $0
Participant Loans $0
Interest from Other Investments $9,289
Total Dividends $90,851
Preferred Stock $5,680
Common Stock $34,094
Rents $0
Net gain (loss) on sale of assets $298,457
Aggregate Proceeds $1,356,290
Aggregate Carrying Amount $1,057,833
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 $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 $165,793
Other Income $614
Expenses $689,751
Total Benefit Payments $644,569
Directly to participants or beneficiaries, including direct rollovers $644,569
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 $45,182
Professional Fees $45,182
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $-54,453
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2017 12/31/2016 Change YOY
Total Assets $4,910,747 $4,969,973 -1.19%
Total noninterest-bearing cash $256 $676 -62.13%
Receivables $23,499 $25,888 -9.23%
Employer Contributions $0 $0 0.0%
Participant Contributions $0 $0 0.0%
Other Contributions $23,499 $25,888 -9.23%
General Investments $325,421 $125,126 160.07%
Interest-bearing cash $325,421 $125,126 160.07%
U.S. Government Securities $0 $0 0.0%
Corporate Debt Instruments $1,378,905 $1,456,876 -5.35%
Preferred $0 $0 0.0%
All Other $1,378,905 $1,456,876 -5.35%
Corporate Stocks $1,643,731 $1,891,334 -13.09%
Preferred $68,572 $102,945 -33.39%
Common $1,575,159 $1,788,389 -11.92%
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 $1,255,466 $1,213,295 3.48%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $283,469 $256,778 10.39%
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 $2,188 $6,961 -68.57%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $2,188 $6,961 -68.57%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $4,908,559 $4,963,012 -1.10%

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
First United Bank & Trust Consulting (pension), Trustee (bank, trust company, or similar financial institution), Custodial (securities), Trustee (directed), Investment advisory (plan), Investment management fees paid directly by plan Trustee $26,432 $0 $26,432
Maloney & Associates, PLLC Accounting (including auditing), Direct payment from the plan Accountant/ Auditor $13,575 $0 $13,575
Dunbar, Bender & Zapf, Inc. Recordkeeping and information management (computing, tabulating, data processing, etc.), Other services, Direct payment from the plan TPA $5,175 $0 $5,175
Total $45,182 $0 $45,182

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

No investments information available for this plan.

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.