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FORM 5500 DATA

Ignite Fueling Innovation, Inc. 401k Retirement Plan

Overview

Plan Information

  • Plan Year01/01/2017 — 12/31/2017
  • Date of Plan01/01/2005
  • Net Assets as of 12/31/2017 $7,036,164
  • 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 12/31/2017

  • Active (Eligible) Participants152
  • Retired or separated participants receiving benefits2
  • Other retired or separated participants entitled to future benefits107
  • Subtotal261
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits1
  • Total262
  • Total number of participants as of 01/01/2017213
  • Number of participants with account balances245
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested0

Expenses

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

Sponsor Information

  • Address530C Discovery Drive
  • CityHuntsville
  • StateAL
  • Zip35806
  • Telephone(256) 489-0061
  • EIN63-1266834
  • Industry Code541990
  • Named AdministratorDonna Quinney

Audit Information

  • Audit StatusAudited
  • AuditorHall Albright Garrison & Associates
  • Auditor EIN26-3659843
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope 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.
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.

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? Yes
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? Yes

Financials

Income and Expense Statement

Income $1,475,734
Contributions $437,607
Cash Contributions $437,607
Cash from Employers $169
Cash from Participants $435,670
Others (including rollovers) $1,768
Noncash Contributions $0
Total Earnings on Investments $1,038,127
Total Interest $6,005
Interest-Bearing Cash $216
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $5,789
Interest from Other Investments $0
Total Dividends $298,645
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 $733,477
Other Income $0
Expenses $1,679,039
Total Benefit Payments $1,663,228
Directly to participants or beneficiaries, including direct rollovers $1,663,228
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 $15,811
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $15,811
Net Income $-203,305
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 $7,036,164 $7,200,347 -2.28%
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 $151,352 $209,913 -27.90%
Interest-bearing cash $151,352 $209,913 -27.90%
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 $164,586 $96,223 71.05%
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 $6,720,226 $6,894,211 -2.52%
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 $7,036,164 $7,200,347 -2.28%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Fidelity Investments Institutional

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
Morgan Stanley Smith Barney Other commissions, Finders' fees/placement fees Advisor $0 $17,742 $17,742
Hall Albright Garrison & Barnes Accounting (including auditing) Accountant/Auditor $12,167 $0 $12,167
Fidelity Investments Institutional Participant loan processing, Sub-transfer agency fees, Recordkeeping fees, Account maintenance fees Recordkeeper $3,644 $0 $3,644
Morgan Stanley Smith Barney LLC Other fees Advisor $0 $238 $238
National Financial Services LLC Finders' fees/placement fees Paying Agent $0 $173 $173
Total $15,811 $18,153 $33,964

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Fidelity Investments Institutional Ab Disc Grth A - Alliancebernstein Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Calv Ultsh Dur Inc A - Boston Fina Sub-transfer agency fees 0.05% $0
Fidelity Investments Institutional Col Mid Cap Idx A - Columbia Mgt I Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Col Sm Cap Idx A - Columbia Mgt In Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Col Us Govt Mtg A - Columbia Mgt I Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Fkln Sm Cap Grth A - Franklin Temp Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Gabelli Abc Advisor - Boston Finan Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Gs Inc Bldr A - Goldman, Sachs & C Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Invs Comstock A - Invesco Investme Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Invs Eql Wt S&P500 A - Invesco Inv Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Invs Equity & Inc A - Invesco Inve Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Jh Dscpl Val Mdcp R2 - John Hancoc Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Ld Abbett High Yld A - Dst Systems Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Ld Abt Sh Dtn Inc A - Dst Systems Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Mfs Intl Value R3 - Mfs Service Ce Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Mfs Ma Inv Grth R3 - Mfs Service C Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Msif Frontier Mkts A - Boston Fina Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Opphmr Global Val A - Ofi Global A Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Pim Sp Intl Ussh A - Dst Asset Man Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Pru Global Re A - Prudential Mutua Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Tcw Total Rtn Bond N - U.S. Bancor Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Tmpl Global Bond A - Franklin Temp Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Wf Idx Asset Alloc A - Boston Fina Sub-transfer agency fees 0.30% $0
Morgan Stanley Smith Barney National Financial Services LLC Other commissions $17,468
*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

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.