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FORM 5500 DATA

R.E. Sweeney Company, Inc. Stock Bonus Profit Sharing Plan and Trust

Overview

Plan Information

  • Plan Year01/01/2017 — 12/31/2017
  • Date of Plan01/01/1977
  • Net Assets as of 12/31/2017 $10,583,783
  • Plan Number3
  • 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 12/31/2017

  • Active (Eligible) Participants170
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits60
  • Subtotal230
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits2
  • Total232
  • Total number of participants as of 01/01/2017226
  • Number of participants with account balances213
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested31

Expenses

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

Sponsor Information

  • Address3700 Noble Avenue
  • CityFort Worth
  • StateTX
  • Zip76111
  • Telephone(817) 834-7191
  • EIN75-1037451
  • Industry Code423300
  • Named AdministratorHarold Looney
  • Named Plan SponsorDonald Degroot

Plan Administrator Information

  • Administrator NameR.E. Sweeney Company, Inc.
  • Address3700 Noble Avenue
  • CityFort Worth
  • StateTX
  • Zip76111
  • Telephone(817) 834-7191
  • Administrator EIN75-1037451

Audit Information

  • Audit StatusAudited
  • AuditorWeaver and Tidwell, LLP
  • Auditor EIN75-0786316
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope 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.
2O ESOP other than a leveraged ESOP An Employee Stock Ownership Plan (ESOP) is a type of employee benefit plan designed to invest primarily in employer stock.

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 $1,000,000
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? Yes
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 $1,087,080
Contributions $700,000
Cash Contributions $700,000
Cash from Employers $700,000
Cash from Participants $0
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $292,264
Total Interest $1,048
Interest-Bearing Cash $1,048
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $0
Interest from Other Investments $0
Total Dividends $68,191
Preferred Stock $0
Common Stock $10,913
Rents $0
Net gain (loss) on sale of assets $45,118
Aggregate Proceeds $596,355
Aggregate Carrying Amount $551,237
Total Unrealized Appreciation (depreciation) of assets $69,409
Real Estate $0
Other $69,409
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 $108,498
Other Income $94,816
Expenses $476,347
Total Benefit Payments $433,573
Directly to participants or beneficiaries, including direct rollovers $429,663
To insurance carriers for the provision of benefits $3,910
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $42,774
Professional Fees $32,175
Contract Administrator Fees $0
Investment Advisory and management fees $10,599
Other Administrative Fees $0
Net Income $610,733
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 $10,583,783 $9,973,050 6.12%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $700,625 $947 73883.63%
Employer Contributions $700,000 $0 0.0%
Participant Contributions $0 $0 0.0%
Other Contributions $625 $947 -34.00%
General Investments $142,211 $85,279 66.76%
Interest-bearing cash $142,211 $85,279 66.76%
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 $377,495 $806,926 -53.22%
Preferred $0 $0 0.0%
Common $377,495 $806,926 -53.22%
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 $1,529,884 $1,340,738 14.11%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $244,368 $232,791 4.97%
Employer-related Investments $7,589,200 $7,506,369 1.10%
Employer Securities $7,589,200 $7,506,369 1.10%
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 $10,583,783 $9,973,050 6.12%

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
Weaver LLP Accounting (including auditing) CPA $14,200 $0 $14,200
Frost National Bank Trustee (bank, trust company, or similar financial institution), Direct payment from the plan Trustee $10,429 $0 $10,429
401K Plus, Inc Recordkeeping and information management (computing, tabulating, data processing, etc.) TPA $9,875 $0 $9,875
George Valuation Advisors, Inc. Valuation (appraisals, etc.) Appraisal $8,100 $0 $8,100
Total $42,604 $0 $42,604

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

Insurance Carrier Summary Persons Covered
Reassure Life Insurance Company 6
EIN 38-0779740
Industry Code 65765
Contract Number 04827
Contract Year 01/01/2017 — 12/31/2017
Value in General Account at Year End $0
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $0
Persons Receiving Commissions and Fees There are no brokers listed for this plan.
Allocated Funds
Type of Contract Unspecified
Basis of premium rates Rates File With The Department of Insurance
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 Unspecified
Balance at the end of the previous year $0
Additions $0
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $0
Transferred from separate account $0
Other $0
Total of Balance and Additions $0
Deductions $0
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $0