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FORM 5500 DATA

A-C Electric Profit Sharing Plan

Overview

Plan Information

  • Plan Year04/01/2016 — 03/31/2017
  • Date of Plan06/30/1953
  • Net Assets as of 03/31/2017 $7,367,162
  • 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 03/31/2017

  • Active (Eligible) Participants165
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits35
  • Subtotal200
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits1
  • Total201
  • Total number of participants as of 04/01/2016177
  • Number of participants with account balances201
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested9

Expenses

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

Sponsor Information

  • AddressPo Box 81977
  • CityBakersfield
  • StateCA
  • Zip93380-1977
  • Telephone(661) 410-0000
  • EIN95-1531419
  • Industry Code238210
  • Named AdministratorThomas Zauder
  • Named Plan SponsorThomas Zauder

Audit Information

  • Audit StatusAudited
  • AuditorDaniells Phillips Vaughan & Bock
  • Auditor EIN95-2972229
  • 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.

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 $1,445,344
Contributions $441,439
Cash Contributions $441,439
Cash from Employers $441,439
Cash from Participants $0
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $943,587
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 $33,842
Preferred Stock $0
Common Stock $33,842
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 $909,745
Other Income $60,318
Expenses $221,839
Total Benefit Payments $156,042
Directly to participants or beneficiaries, including direct rollovers $107,664
To insurance carriers for the provision of benefits $48,378
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $65,797
Professional Fees $65,797
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $1,223,505
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

03/31/2017 03/31/2016 Change YOY
Total Assets $7,658,957 $7,734,060 -0.97%
Total noninterest-bearing cash $13,488 $5,257 156.57%
Receivables $186,816 $303,211 -38.39%
Employer Contributions $181,439 $298,590 -39.23%
Participant Contributions $0 $0 0.0%
Other Contributions $5,377 $4,621 16.36%
General Investments $23,908 $21,704 10.15%
Interest-bearing cash $23,908 $21,704 10.15%
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 $7,020,091 $7,044,506 -0.35%
Value of funds held in insurance co. general account $414,654 $359,382 15.38%
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 $291,795 $1,590,403 -81.65%
Benefit Claims Payable (1) $291,795 $1,590,403 -81.65%
Operating Payables (1) $0 $0 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $7,367,162 $6,143,657 19.91%

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

No investments information available for this plan.

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Transamerica Life Insurance Company 82
EIN 39-0989781
Industry Code 86231
Contract Number A899480000
Contract Year 04/01/2016 — 03/31/2017
Value in General Account at Year End $0
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $4,130
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Baldwin-Georgenton Insurance Agency 4200 Truxtun Avenue, Suite 102 Bakersfield, CA 93309 $2,148 $0
Fredrick T Biglione 1501 El Camino Avenue, Suite 1 Sacramento, CA 95815 $1,982 $0
Allocated Funds
Type of Contract Unspecified
Basis of premium rates Rates Filed With The Department of Insurance In Those States That Require Filing
Premiums paid to carrier $35,765
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
American General Life Insurance Company 20
EIN 25-0598210
Industry Code 60488
Contract Number 50618
Contract Year 04/01/2016 — 03/31/2017
Value in General Account at Year End $0
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $312
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Baldwin-Georgenton Insurance Agency 4200 Truxtun Avenue, Suite 102 Bakersfield, CA 93309 $312 $0
Allocated Funds
Type of Contract Unspecified
Basis of premium rates Rates Filed With The Department of Insurance In Those States That Require Filing
Premiums paid to carrier $13,533
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