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FORM 5500 DATA

Retirement Plan for the Arc of Walker County

Overview

Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan01/07/1987
  • Net Assets as of 12/31/2019 $2,842,491
  • 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 ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2019

  • Active (Eligible) Participants126
  • Retired or separated participants receiving benefits3
  • Other retired or separated participants entitled to future benefits78
  • Subtotal207
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total207
  • Total number of participants as of 01/01/2019215
  • Number of participants with account balances151
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested5

Expenses

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

Sponsor Information

  • Address745 Russell Dairy Road
  • CityJasper
  • StateAL
  • Zip35503
  • Telephone(205) 387-0562
  • EIN63-0760044
  • Industry Code624100
  • Named AdministratorLou Vick

Audit Information

  • Audit StatusAudited
  • AuditorKellum, Wilson & Associates, Pc
  • Auditor EIN63-0910369
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
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.

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 $250,000
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 $447,148
Contributions $235,220
Cash Contributions $235,220
Cash from Employers $120,096
Cash from Participants $115,124
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $211,928
Total Interest $49,968
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $4,400
Interest from Other Investments $45,568
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 $161,960
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 $0
Other Income $0
Expenses $203,348
Total Benefit Payments $178,264
Directly to participants or beneficiaries, including direct rollovers $178,264
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $19,043
Interest expense $0
Total Administrative Expenses $6,041
Professional Fees $0
Contract Administrator Fees $6,041
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $243,800
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2019 12/31/2018 Change YOY
Total Assets $2,842,491 $2,598,691 9.38%
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 $65,089 $89,508 -27.28%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $957,599 $820,549 16.70%
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 $0 $0 0.0%
Value of funds held in insurance co. general account $1,819,803 $1,688,634 7.77%
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 $2,842,491 $2,598,691 9.38%

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

There are no service providers listed for this plan.

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
Valic Fixed Account Plus DFE: Pooled Separate Account $1,813,166
Valic Vanguard Windsor II DFE: Pooled Separate Account $156,407
Valic Vanguard Lifestrategy Growth DFE: Pooled Separate Account $112,961
Valic Government Money Market I DFE: Pooled Separate Account $107,243
Valic Loan Collateral Fund DFE: Pooled Separate Account $106,835
Valic Vanguard Lifestrategy Modera DFE: Pooled Separate Account $89,886
Valic Growth Fund DFE: Pooled Separate Account $88,811
Valic Stock Index Fund DFE: Pooled Separate Account $40,035
Valic Mid Cap Index Fund DFE: Pooled Separate Account $32,219
Valic Internatl Equities Index Fund DFE: Pooled Separate Account $28,398
Valic Vanguard Wellington Fund Inc DFE: Pooled Separate Account $27,269
Valic Us Socially Responsible Fund DFE: Pooled Separate Account $27,222
Valic Mid Cap Value Fund DFE: Pooled Separate Account $21,762
Valic Emerging Economies DFE: Pooled Separate Account $21,581
Valic International Value Fund DFE: Pooled Separate Account $19,094
Valic Intl Opportunities DFE: Pooled Separate Account $16,757
Valic Small Cap Value Fund DFE: Pooled Separate Account $13,836
Valic Science & Technology Fund DFE: Pooled Separate Account $13,574
Valic Blue Chip Growth Fund DFE: Pooled Separate Account $12,962
Valic Core Bond Fund DFE: Pooled Separate Account $12,855
Valic Conservative Growth Lifestyle DFE: Pooled Separate Account $11,339
Valic Inflation Protected Fund DFE: Pooled Separate Account $8,731
Valic Dividend Value DFE: Pooled Separate Account $7,114
Valic High Yield Bond Fund DFE: Pooled Separate Account $6,803
Valic Global Real Estate Fund DFE: Pooled Separate Account $6,705
Valic Short Term Fixed Account DFE: Pooled Separate Account $6,637
Valic Large Cap Core DFE: Pooled Separate Account $6,448
Valic Small Cap Index Fund DFE: Pooled Separate Account $6,431
Valic Large Cap Value Fund DFE: Pooled Separate Account $5,718
Valic Loan Escrow Fund DFE: Pooled Separate Account $4,749
Valic Large Capital Growth DFE: Pooled Separate Account $4,265
Valic Small Cap Growth Fund DFE: Pooled Separate Account $4,044
Valic International Growth Fund DFE: Pooled Separate Account $3,537
Valic Mid Cap Growth Fund DFE: Pooled Separate Account $3,212
Valic Ariel Fund DFE: Pooled Separate Account $2,528
Valic Small Cap Fund DFE: Pooled Separate Account $2,463
Valic Aggressive Growth Lifestyle DFE: Pooled Separate Account $2,229
Valic T Rowe Price Retirmnt 2060 Adv DFE: Pooled Separate Account $1,656
Valic Core Equity Fund DFE: Pooled Separate Account $1,134
Valic Vanguard Lt Inv-Grade Fund DFE: Pooled Separate Account $750
Valic Moderate Growth Lifestyle DFE: Pooled Separate Account $448
Valic Systematic Core Fund DFE: Pooled Separate Account $414
Valic Global Strategy DFE: Pooled Separate Account $355
Valic Small Cap Special Value Fund DFE: Pooled Separate Account $337
Valic Vanguard Long-Term Treasury DFE: Pooled Separate Account $311
Valic Health Sciences Fund DFE: Pooled Separate Account $302
Valic Mid Cap Strategic Gwth DFE: Pooled Separate Account $2
Valic Strategic Bond Fund DFE: Pooled Separate Account $0
Valic Government Securities Fund DFE: Pooled Separate Account $0
Valic Intl Socially Responsible Fund DFE: Pooled Separate Account $0
Valic Vanguard Lifestrategy Conser DFE: Pooled Separate Account $0
Total $2,861,535

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Variable Annuity Life Insurance Co. 153
EIN 74-1625348
Industry Code 70238
Contract Number 42869
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $1,819,803
Value in Separate Accounts at Year End $957,599
Insurance Fees and Commissions $3,352
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Corbin M Ellard 2929 Allen Parkway Houston, TX 77019 Insurance Agent or Broker $2,989 $0 BROKER FEES
Mark Briones 2929 Allen Parkway Houston, TX 77019 Insurance Agent or Broker $294 $0 BROKER FEES
Jamie O Parker 2929 Allen Parkway Houston, TX 77019 Insurance Agent or Broker $44 $0 BROKER FEES
Rance K Morgan Jr 2929 Allen Parkway Houston, TX 77019 Insurance Agent or Broker $25 $0 BROKER FEES
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 Deposit Administration
Balance at the end of the previous year $1,688,634
Additions $259,000
Contributions Deposited during the year $150,691
Dividends and credits $0
Interest credited during the year $45,567
Transferred from separate account $62,742
Other $0
Total of Balance and Additions $1,947,634
Deductions $127,831
Disbursed from fund to pay benefits or purchase annuities during the year $103,691
Administration charge made by carrier $0
Transferred to Separate Account $21,148
Other $2,992
Balance at the end of the current year $1,819,803