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FORM 5500 DATA

American Textile Maintenance Company Employees Savings Plan

Overview

Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan01/01/1994
  • Net Assets as of 12/31/2019 $10,561,768
  • Plan Number4
  • 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) Participants80
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits46
  • Subtotal126
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total126
  • Total number of participants as of 01/01/2019133
  • Number of participants with account balances95
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested4

Expenses

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

Sponsor Information

  • Address1667 W. Washington Blvd.
  • CityLos Angeles
  • StateCA
  • Zip90007-1118
  • Telephone(323) 731-3132
  • EIN95-2076802
  • Industry Code812330
  • Named AdministratorBruce Moskowitz
  • Named Plan SponsorBruce Moskowitz

Audit Information

  • Audit StatusAudited
  • AuditorHolthouse Carlin & Van Trigt LLP
  • Auditor EIN95-4345526
  • 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.
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? 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 $2,210,410
Contributions $508,590
Cash Contributions $508,590
Cash from Employers $173,663
Cash from Participants $334,927
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $1,701,820
Total Interest $4,490
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $4,490
Interest from Other Investments $0
Total Dividends $0
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 $1,697,330
Other Income $0
Expenses $296,984
Total Benefit Payments $216,971
Directly to participants or beneficiaries, including direct rollovers $216,971
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 $80,013
Professional Fees $0
Contract Administrator Fees $64,036
Investment Advisory and management fees $15,977
Other Administrative Fees $0
Net Income $1,913,426
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 $10,561,768 $8,648,342 22.12%
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 $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 $116,762 $95,834 21.84%
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 $9,921,320 $8,082,837 22.75%
Value of funds held in insurance co. general account $523,686 $469,671 11.50%
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 $10,561,768 $8,648,342 22.12%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Transamerica Financial Life Ins Co

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
Pinnacle Plan Design, LLC Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Recordkeeping fees Recordkeeper $35,227 $0 $35,227
Transamerica Life Ins Co Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Investment management fees paid indirectly by plan, Float revenue, Recordkeeping fees, Other insurance wrap fees Recordkeeper $28,810 $0 $28,810
Merrill Lynch Life Agency, Inc. Investment advisory (plan) Investment Advisory $15,978 $0 $15,978
Total $80,015 $0 $80,015

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

Name of Investment Investment Manager Type of Investment Dollar Value
American Fds 2020 Target Date Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $2,257,843
American Fds 2035 Target Date Ret Transamercia Life Insurance Company DFE: Pooled Separate Account $1,486,855
American Fds 2030 Target Date Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $1,248,031
American Fds 2040 Traget Date Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $860,361
Ta Vanguard Lifestrategy Conser Gr Transamerica Life Insurance Company DFE: Pooled Separate Account $495,492
American Fds Fundamental Inv Transamerica Life Insurance Company DFE: Pooled Separate Account $472,926
State St Russell Large Cap Gr Indx Transamerica Life Insurance Company DFE: Pooled Separate Account $411,815
American Fds 2025 Target Date Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $395,115
Loomis Sayles Bond Ret Acct Transamerica Life Insurance Company DFE: Pooled Separate Account $355,798
American Fds 2045 Target Date Ret Transamerica Life Insuranxe Company DFE: Pooled Separate Account $353,512
American Fds Washington Mutual Inv Transamerica Life Insurance Company DFE: Pooled Separate Account $229,318
State St Russell Sm Cap Index Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $162,885
Virtus Ceredex Mid-Cap Value Equity Transamerica Life Insurance Company DFE: Pooled Separate Account $149,226
American Fds 2050 Target Date Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $131,364
Mainstay Mackay High Yield Corp Bd Transamerica Life Insurance Company DFE: Pooled Separate Account $107,616
American Fds 2055 Target Date Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $105,576
Ab Global Bond Ret Acct Transamerica Life Insurance Company DFE: Pooled Separate Account $92,903
American Funds New World Ret Acct Transamerica Life Insurance Company DFE: Pooled Separate Account $79,378
State Street Russell Sm Cap Val Ind Transamerica Life Insurance Company DFE: Pooled Separate Account $70,154
Hartford Intl Opp Ret Acct Transamerica Life Insurance Company DFE: Pooled Separate Account $66,269
Ta Vanguard Lifestrategy Mod Gr Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $65,785
Jp Morgan Large Cap Gr Ret Acct Transamerica Life Insurance Company DFE: Pooled Separate Account $52,353
State St. Intl Index Ret Acct Transamerica Life Insurance Company DFE: Pooled Separate Account $51,122
Janus Henderson Triton Ret Acct Transamerica Life Insurance Company DFE: Pooled Separate Account $50,988
State St S&P Mid Cap Index Ret Acct Transamerica Life Insurance Company DFE: Pooled Separate Account $37,920
American Fds New Perspective Ret Ac Transamerica Life Insurance Company DFE: Pooled Separate Account $36,700
American Fds 2015 Target Date Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $36,662
Ta Vanguard Lfestrategy Gr Ret Acct Transamerica Life Insurance Company DFE: Pooled Separate Account $19,704
Hartford Mid Cap Ret Acct Transamerica Life Insurance Company DFE: Pooled Separate Account $16,542
American Funds Balanced Ret Acct Transamerica Life Insurance Company DFE: Pooled Separate Account $10,518
Ta Vanguard Life Stategy Inc Ret Ac Transamerica Life Insurance Company DFE: Pooled Separate Account $8,388
Dws Rreef Real Estate Securities Transamerica Life Insurance Company DFE: Pooled Separate Account $1,387
American Funds 2060 Target Date Fd Transamerica Life Insurance Company DFE: Pooled Separate Account $814
State Street Russell Sm Cap Growth Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Amer Funds 2010 Target Date Ret Acc Transamerica Life Insurance Company DFE: Pooled Separate Account $0
State Street Us Bond Index Ret Acct Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Transamerica Inlt Equity Ret Acct Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Invesco Oppenheimer Intl Div Ret Ac Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Total $9,921,320

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Transamerica Financial Life Insurance Company 94
EIN 36-6071399
Industry Code 70688
Contract Number 600283-000
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $0
Value in Separate Accounts at Year End $9,921,320
Insurance Fees and Commissions $16,729
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Merrill Lynch Life Agency Inc. 4804 Deer Lake Dr. E Jacksonville, FL 32246 Insurance Agent or Broker $9,032 $0
Pinnacle Plan Design Po Box 64130 Tucson, AZ 85728 Third Party Administrator $0 $7,697
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 STABLE VALUE OPTION
Balance at the end of the previous year $469,671
Additions $175,203
Contributions Deposited during the year $20,327
Dividends and credits $0
Interest credited during the year $7,881
Transferred from separate account $95,764
Other $51,231
Total of Balance and Additions $644,874
Deductions $121,188
Disbursed from fund to pay benefits or purchase annuities during the year $3,776
Administration charge made by carrier $1,419
Transferred to Separate Account $47,608
Other $68,385
Balance at the end of the current year $523,686