Back to top
FORM 5500 DATA

Avow Hospice, Inc. Tax Deferred Annuity Plan

Overview

Plan Information

  • Plan Year01/01/2017 — 12/31/2017
  • Date of Plan06/01/1987
  • Net Assets as of 12/31/2017 $8,713,736
  • 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
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2017

  • Active (Eligible) Participants237
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits41
  • Subtotal278
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total278
  • Total number of participants as of 01/01/2017276
  • Number of participants with account balances166
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested25

Expenses

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

Sponsor Information

  • Address1095 Whippoorwill Ln
  • CityNaples
  • StateFL
  • Zip34105
  • Telephone(239) 261-4404
  • EIN59-2201250
  • Industry Code623000
  • Named AdministratorPhyllis Hall

Audit Information

  • Audit StatusAudited
  • AuditorCrowe LLP
  • Auditor EIN35-0921680
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
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.
2L Code section 403(b)(1) arrangement A 403(b) plan, also known as a tax-sheltered annuity (TSA) plan, is a retirement plan for certain employees of public schools, employees of certain tax-exempt organizations, and certain ministers.
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.
3B Self-Employed Plan Plan covering Self-Employed individuals.
3F Leased Employees Plan sponsor(s) received services of leased employees, as defined in Code section 414(n), during the plan year.

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 $1,949,443
Contributions $886,154
Cash Contributions $886,154
Cash from Employers $221,494
Cash from Participants $488,848
Others (including rollovers) $175,812
Noncash Contributions $0
Total Earnings on Investments $1,063,289
Total Interest $52,304
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $1,764
Interest from Other Investments $50,540
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 $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 $1,010,985
Other Income $0
Expenses $738,979
Total Benefit Payments $734,459
Directly to participants or beneficiaries, including direct rollovers $734,459
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $2,014
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $2,506
Professional Fees $0
Contract Administrator Fees $2,506
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $1,210,464
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 $8,713,736 $7,422,169 17.40%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $0 $25,874 -100.00%
Employer Contributions $0 $9,177 -100.00%
Participant Contributions $0 $16,697 -100.00%
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 $70,378 $55,193 27.51%
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 $7,114,254 $5,848,766 21.64%
Value of funds held in insurance co. general account $1,529,104 $1,492,336 2.46%
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 $8,713,736 $7,422,169 17.40%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • American United Life Insurance Co
  • Voya Retirement Ins and Annuity Co

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
American United Life Insurance Co Recordkeeping and information management (computing, tabulating, data processing, etc.), Direct payment from the plan, Recordkeeping fees, Participant loan processing, Participant communication, Investment management fees paid indirectly by plan, Shareholder servicing fees, Sub-transfer agency fees, Distribution (12b-1) fees, Insurance mortality and expense charge, Other insurance wrap fees NONE $1,986 $13,833 $15,819
Voya Reitrement Ins and Annuity Co Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing NONE $0 $37 $37
Total $1,986 $13,870 $15,856

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
American United Life Insurance Co American United Life Insurance Co Insurance mortality and expense charge, Other insurance wrap fees Asset Charge $13,833
American United Life Insurance Co American Century Investments Investment management fees paid indirectly by plan, Shareholder servicing fees, Sub-transfer agency fees, Distribution (12b-1) fees Revenue Sharing Formula - See Attached $0
American United Life Insurance Co American Funds Investment management fees paid indirectly by plan, Shareholder servicing fees, Sub-transfer agency fees, Distribution (12b-1) fees Revenue Sharing Formula - See Attached $0
American United Life Insurance Co Blackrock Inc. Investment management fees paid indirectly by plan, Shareholder servicing fees, Sub-transfer agency fees, Distribution (12b-1) fees Revenue Sharing Formula - See Attached $0
American United Life Insurance Co BMO Investment management fees paid indirectly by plan, Shareholder servicing fees, Sub-transfer agency fees, Distribution (12b-1) fees Revenue Sharing Formula - See Attached $0
American United Life Insurance Co Deutsche Investment management fees paid indirectly by plan, Shareholder servicing fees, Sub-transfer agency fees, Distribution (12b-1) fees Revenue Sharing Formula - See Attached $0
American United Life Insurance Co Fidelity Investments Investment management fees paid indirectly by plan, Shareholder servicing fees, Sub-transfer agency fees, Distribution (12b-1) fees Revenue Sharing Formula - See Attached $0
American United Life Insurance Co First American Funds Investment management fees paid indirectly by plan, Shareholder servicing fees, Sub-transfer agency fees, Distribution (12b-1) fees Revenue Sharing Formula - See Attached $0
American United Life Insurance Co Goldman Sachs Asset Management Investment management fees paid indirectly by plan, Shareholder servicing fees, Sub-transfer agency fees, Distribution (12b-1) fees Revenue Sharing Formula - See Attached $0
American United Life Insurance Co Invesco Investment management fees paid indirectly by plan, Shareholder servicing fees, Sub-transfer agency fees, Distribution (12b-1) fees Revenue Sharing Formula - See Attached $0
American United Life Insurance Co Janus Capital Group Inc Investment management fees paid indirectly by plan, Shareholder servicing fees, Sub-transfer agency fees, Distribution (12b-1) fees Revenue Sharing Formula - See Attached $0
American United Life Insurance Co Lord Abbett Funds Investment management fees paid indirectly by plan, Shareholder servicing fees, Sub-transfer agency fees, Distribution (12b-1) fees Revenue Sharing Formula - See Attached $0
American United Life Insurance Co Mfs Investment Management Investment management fees paid indirectly by plan, Shareholder servicing fees, Sub-transfer agency fees, Distribution (12b-1) fees Revenue Sharing Formula - See Attached $0
American United Life Insurance Co Old Mutual Investment management fees paid indirectly by plan, Shareholder servicing fees, Sub-transfer agency fees, Distribution (12b-1) fees Revenue Sharing Formula - See Attached $0
American United Life Insurance Co Oppenheimer Funds Inc. Investment management fees paid indirectly by plan, Shareholder servicing fees, Sub-transfer agency fees, Distribution (12b-1) fees Revenue Sharing Formula - See Attached $0
American United Life Insurance Co Pimco Investment management fees paid indirectly by plan, Shareholder servicing fees, Sub-transfer agency fees, Distribution (12b-1) fees Revenue Sharing Formula - See Attached $0
American United Life Insurance Co Pioneer Investments Investment management fees paid indirectly by plan, Shareholder servicing fees, Sub-transfer agency fees, Distribution (12b-1) fees Revenue Sharing Formula - See Attached $0
American United Life Insurance Co Prudential Investments Investment management fees paid indirectly by plan, Shareholder servicing fees, Sub-transfer agency fees, Distribution (12b-1) fees Revenue Sharing Formula - See Attached $0
American United Life Insurance Co T Rowe Price Investment management fees paid indirectly by plan, Shareholder servicing fees, Sub-transfer agency fees, Distribution (12b-1) fees Revenue Sharing Formula - See Attached $0
American United Life Insurance Co Thornburg Investment Management Investment management fees paid indirectly by plan, Shareholder servicing fees, Sub-transfer agency fees, Distribution (12b-1) fees Revenue Sharing Formula - See Attached $0
American United Life Insurance Co Touchstone Investment management fees paid indirectly by plan, Shareholder servicing fees, Sub-transfer agency fees, Distribution (12b-1) fees Revenue Sharing Formula - See Attached $0
American United Life Insurance Co Victory Investment management fees paid indirectly by plan, Shareholder servicing fees, Sub-transfer agency fees, Distribution (12b-1) fees Revenue Sharing Formula - See Attached $0
*As outlined by the Form 5500 Instructions for service providers with indirect compensation.

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

Name Position Explanation
Crowe Horwath LLP Accountant Name Change

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Separate Account II American United Life Insurance Co DFE: Pooled Separate Account $4,529,118
Total $4,529,118

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
American United Life Insurance Company 166
EIN 35-0145825
Industry Code 60895
Contract Number G75726
Contract Year 01/01/2017 — 12/31/2017
Value in General Account at Year End $198,064
Value in Separate Accounts at Year End $4,529,118
Insurance Fees and Commissions $10,796
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Ubs Financial Services 1000 Harbor Blvd 6th Fl Weehawken, NJ 07086 Insurance Agent or Broker $10,796 $0 N/A
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 $280,925
Additions $95,959
Contributions Deposited during the year $49,468
Dividends and credits $0
Interest credited during the year $2,135
Transferred from separate account $42,757
Other $1,599
Total of Balance and Additions $376,884
Deductions $178,820
Disbursed from fund to pay benefits or purchase annuities during the year $113,054
Administration charge made by carrier $172
Transferred to Separate Account $51,494
Other $14,100
Balance at the end of the current year $198,064
Voya Retirement Insurance and Annuity Company 120
EIN 71-0294708
Industry Code 86509
Contract Number VF-1265
Contract Year 01/01/2017 — 12/31/2017
Value in General Account at Year End $1,331,040
Value in Separate Accounts at Year End $2,585,136
Insurance Fees and Commissions $3,683
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Diane Petitta Voya Financial Advisors Tampa, FL 33607 Insurance Agent or Broker $3,683 $0 N/A
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 UNALLOCATED ANNUITY CONTRACT
Balance at the end of the previous year $1,211,411
Additions $267,153
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $48,405
Transferred from separate account $59,006
Other $159,742
Total of Balance and Additions $1,478,564
Deductions $147,524
Disbursed from fund to pay benefits or purchase annuities during the year $128,219
Administration charge made by carrier $1,125
Transferred to Separate Account $18,180
Other $0
Balance at the end of the current year $1,331,040