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FORM 5500 DATA

Arcata Associates, Inc. Defined Contribution and 401k Plan

Overview

Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan10/01/1991
  • Net Assets as of 12/31/2019 $44,126,706
  • 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 Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2019

  • Active (Eligible) Participants369
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits125
  • Subtotal494
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits5
  • Total499
  • Total number of participants as of 01/01/2019492
  • Number of participants with account balances430
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested39

Expenses

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

Sponsor Information

  • Address2588 Fire Mesa Street Suite 110
  • CityLas Vegas
  • StateNV
  • Zip89128-9022
  • Telephone(702) 968-2235
  • EIN94-2511090
  • Industry Code541330
  • Named AdministratorSilvia Montilla
  • Named Plan SponsorSilvia Montilla

Audit Information

  • Audit StatusAudited
  • AuditorMccarthy Kaster CPA's Ltd
  • Auditor EIN88-0406581
  • 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.
2R Brokerage Window Participant-directed brokerage accounts provided as an investment option under the plan.
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.
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? Yes $67,251
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 $11,690,477
Contributions $3,987,173
Cash Contributions $3,987,173
Cash from Employers $1,497,226
Cash from Participants $2,032,835
Others (including rollovers) $457,112
Noncash Contributions $0
Total Earnings on Investments $7,415,094
Total Interest $73,242
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $37,507
Interest from Other Investments $35,735
Total Dividends $309,951
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 $2,516,949
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 $4,514,952
Other Income $288,210
Expenses $2,526,109
Total Benefit Payments $2,480,488
Directly to participants or beneficiaries, including direct rollovers $2,480,488
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 $45,621
Professional Fees $0
Contract Administrator Fees $45,621
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $9,164,368
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 $44,126,706 $34,962,338 26.21%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $943,139 $678,467 39.01%
Employer Contributions $823,816 $660,732 24.68%
Participant Contributions $119,323 $17,735 572.81%
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 $640,037 $701,730 -8.79%
Value of interest in common/collective trusts $14,749,591 $11,787,807 25.13%
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 $24,404,980 $17,845,403 36.76%
Value of funds held in insurance co. general account $1,681,677 $2,503,965 -32.84%
Other Investments $1,707,282 $1,444,966 18.15%
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 $44,126,706 $34,962,338 26.21%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Principal Life Insurance Company

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
Principal Life Insurance Company Contract Administrator, Participant loan processing, Direct payment from the plan, Recordkeeping fees Contract Administrator $44,597 $369 $44,966
Wilshire Associates Incorporated Investment advisory (plan), Other investment fees and expenses Investment Advisory $0 $0 $0
Total $44,597 $369 $44,966

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Wilshire Associates Incorporated Principal Life Insurance Company Investment advisory (plan), Other investment fees and expenses 1 Basis Point Annually On eligible Plan Assets In Wilshire 3(21) Or Wilshire 3(21) Auto-Execute Fiduciary Service. $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

There is no termination information for this plan.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Prin Lifetime Hyb 2030 Cit Z15 Principal Global Investors Trust Co DFE: Common/Collective Trust $5,496,723
Prin Lifetime Hyb 2035 Cit Z15 Principal Global Investors Trust Co DFE: Common/Collective Trust $1,793,720
Prin Lifetime Hyb 2040 Cit Z15 Principal Global Investors Trust Co DFE: Common/Collective Trust $1,693,033
Prin Lifetime Hyb 2020 Cit Z15 Principal Global Investors Trust Co DFE: Common/Collective Trust $1,234,724
Prin Lifetime Hyb 2045 Cit Z15 Principal Global Investors Trust Co DFE: Common/Collective Trust $879,386
Prin Lifetime Hyb 2010 Cit Z15 Principal Global Investors Trust Co DFE: Common/Collective Trust $762,615
Prin Lifetime Hyb 2055 Cit Z15 Principal Global Investors Trust Co DFE: Common/Collective Trust $672,673
Prin Lifetime Hyb 2050 Cit Z15 Principal Global Investors Trust Co DFE: Common/Collective Trust $647,805
Prin Lifetime Hyb 2025 Cit Z15 Principal Global Investors Trust Co DFE: Common/Collective Trust $594,779
Prin Lifetime Hyb Inc Cit Z15 Principal Global Investors Trust Co DFE: Common/Collective Trust $527,490
Prin Lifetime Hyb 2060 Cit Z15 Principal Global Investors Trust Co DFE: Common/Collective Trust $233,761
Prin Lifetime Hyb 2015 Cit Z15 Principal Global Investors Trust Co DFE: Common/Collective Trust $178,783
Prin Lifetime Hyb 2065 Cit Z15 Principal Global Investors Trust Co DFE: Common/Collective Trust $34,100
Total $14,749,592

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Principal Life Insurance Company 499
EIN 42-0127290
Industry Code 61271
Contract Number 613953
Contract Year 01/01/2019 — 12/31/2019
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
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 CUSTODIAL GUARANTEED INTEREST CONTRACT
Balance at the end of the previous year $2,503,965
Additions $977,601
Contributions Deposited during the year $146,379
Dividends and credits $0
Interest credited during the year $35,735
Transferred from separate account $0
Other $795,487
Total of Balance and Additions $3,481,566
Deductions $1,799,889
Disbursed from fund to pay benefits or purchase annuities during the year $416,442
Administration charge made by carrier $2,701
Transferred to Separate Account $0
Other $1,380,746
Balance at the end of the current year $1,681,677