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FORM 5500 DATA

A. L. Gilbert Company Profit Sharing and Retirement Plan

Overview

Plan Information

  • Plan Year03/01/2015 — 02/29/2016
  • Date of Plan03/01/1975
  • Net Assets as of 02/29/2016 $23,273,711
  • 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 02/29/2016

  • Active (Eligible) Participants245
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits88
  • Subtotal333
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits5
  • Total338
  • Total number of participants as of 03/01/2015328
  • Number of participants with account balances317
  • 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

  • Address304 North Yosemite Avenue
  • CityOakdale
  • StateCA
  • Zip95361
  • Telephone(209) 847-1721
  • EIN94-2277358
  • Industry Code311110
  • Named AdministratorMichael D. Schonhoff

Audit Information

  • Audit StatusAudited
  • AuditorAtherton & Associates
  • Auditor EIN94-1239084
  • Audit OpinionUnqualified
  • Audit Type Full 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.
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.
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.
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 $-1,383,554
Contributions $300,000
Cash Contributions $300,000
Cash from Employers $300,000
Cash from Participants $0
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $-1,683,554
Total Interest $0
Interest-Bearing Cash $0
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 $1,298,485
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 $-2,982,039
Other Income $0
Expenses $1,177,414
Total Benefit Payments $1,173,034
Directly to participants or beneficiaries, including direct rollovers $1,173,034
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 $4,380
Professional Fees $3,370
Contract Administrator Fees $1,010
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $-2,560,968
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

02/29/2016 02/28/2015 Change YOY
Total Assets $23,273,711 $25,834,679 -9.91%
Total noninterest-bearing cash $218 $38 473.68%
Receivables $300,000 $500,000 -40.00%
Employer Contributions $300,000 $500,000 -40.00%
Participant Contributions $0 $0 0.0%
Other Contributions $0 $0 0.0%
General Investments $1,399,794 $1,292,696 8.28%
Interest-bearing cash $1,399,794 $1,292,696 8.28%
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 $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 $21,573,699 $24,041,945 -10.27%
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 $23,273,711 $25,834,679 -9.91%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Financial Network Investment Corp.
  • Digital Retirement Solutions, Inc.

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
Matrix Financial Solutions, Inc. Custodial (other than securities), Trustee (bank, trust company, or similar financial institution), Trustee (directed), Investment management, Direct payment from the plan, Shareholder servicing fees, Float revenue NONE $3,370 $0 $3,370
Digital Retirement Solutions, Inc. Claims processing, Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Participant communication, Direct payment from the plan, Sub-transfer agency fees, Recordkeeping fees NONE $1,010 $0 $1,010
Total $4,380 $0 $4,380

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.