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FORM 5500 DATA

Linode LLC 401k Profit Sharing Plan

Overview

Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan01/01/2008
  • Net Assets as of 12/31/2019 $7,727,018
  • 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
  • Plan Benefit ArrangementInsurance

Participant Information as of 12/31/2019

  • Active (Eligible) Participants196
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits40
  • Subtotal236
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total236
  • Total number of participants as of 01/01/2019216
  • Number of participants with account balances212
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested8

Expenses

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

Sponsor Information

  • Address2081 E. High Street, Suite 200
  • CitySanatoga
  • StatePA
  • Zip19464
  • Telephone(215) 793-4300
  • EIN20-2647179
  • Industry Code541512

Audit Information

  • Audit StatusAudited
  • AuditorBelfint, Lyons & Shuman, P.A.
  • Auditor EIN51-0232399
  • 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.
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 $250,000
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 $3,488,988
Contributions $2,273,365
Cash Contributions $2,273,365
Cash from Employers $844,662
Cash from Participants $694,713
Others (including rollovers) $733,990
Noncash Contributions $0
Total Earnings on Investments $1,215,623
Total Interest $6,186
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $6,186
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 $1,209,437
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 $0
Other Income $0
Expenses $733,119
Total Benefit Payments $730,800
Directly to participants or beneficiaries, including direct rollovers $730,800
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 $2,319
Professional Fees $2,319
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $2,755,869
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 $7,727,018 $4,971,149 55.44%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $489,360 $417,892 17.10%
Employer Contributions $488,355 $417,892 16.86%
Participant Contributions $1,005 $0 0.0%
Other Contributions $0 $0 0.0%
General Investments $85,250 $47,686 78.77%
Interest-bearing cash $85,250 $47,686 78.77%
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 $128,982 $74,743 72.57%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $7,023,426 $4,430,828 58.51%
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 $0 $0 0.0%
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 $7,727,018 $4,971,149 55.44%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • John Hancock USA

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

Name of Investment Investment Manager Type of Investment Dollar Value
Vanguard Target Ret 2055 John Hancock Life Insurance Company DFE: Pooled Separate Account $597,420
Vanguard Target Ret 2045 John Hancock Life Insurance Company DFE: Pooled Separate Account $470,731
Vanguard Growth Index Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $373,145
Vanguard Tot Wld Stk Index Etf John Hancock Life Insurance Company DFE: Pooled Separate Account $351,336
Money Market Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $346,471
500 Index Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $321,757
Vanguard Value Index Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $300,471
Vanguard Small Cap Grow Index John Hancock Life Insurance Company DFE: Pooled Separate Account $276,908
Jh Multi-Index Ls Aggressive John Hancock Life Insurance Company DFE: Pooled Separate Account $263,798
Vanguard Mid-Cap Growth Etf John Hancock Life Insurance Company DFE: Pooled Separate Account $255,666
Capital Appreciation Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $241,345
Fidelity Advisor Total Bond John Hancock Life Insurance Company DFE: Pooled Separate Account $232,258
Washington Mutual Investors John Hancock Life Insurance Company DFE: Pooled Separate Account $221,053
Vanguard Target Ret 2060 John Hancock Life Insurance Company DFE: Pooled Separate Account $204,856
Vanguard Mid-Cap Value Etf John Hancock Life Insurance Company DFE: Pooled Separate Account $180,686
Blackrock Global Allocation John Hancock Life Insurance Company DFE: Pooled Separate Account $180,303
Vanguard Target Ret 2050 John Hancock Life Insurance Company DFE: Pooled Separate Account $171,718
Vanguard Small Cap Value Index John Hancock Life Insurance Company DFE: Pooled Separate Account $168,120
Vanguard Target Ret 2040 John Hancock Life Insurance Company DFE: Pooled Separate Account $166,901
Fidelity Real Estate Index John Hancock Life Insurance Company DFE: Pooled Separate Account $150,953
Invesco Opp Developing Mkt John Hancock Life Insurance Company DFE: Pooled Separate Account $150,078
Science & Technology Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $143,488
Strategic Income Opp Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $142,167
Templeton Global Bond Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $122,057
Jh Multi-Index Ls Growth John Hancock Life Insurance Company DFE: Pooled Separate Account $121,588
Vanguard Energy Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $116,380
Jpmorgan Midcap Value Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $99,123
Royce Opportunity John Hancock Life Insurance Company DFE: Pooled Separate Account $91,124
Jh Multi-Index Ls Balanced John Hancock Life Insurance Company DFE: Pooled Separate Account $89,583
Dfa Inflation-Protected Sec John Hancock Life Insurance Company DFE: Pooled Separate Account $67,172
Ishares Gold Trust Etf John Hancock Life Insurance Company DFE: Pooled Separate Account $62,042
Vanguard Short-Term Federal John Hancock Life Insurance Company DFE: Pooled Separate Account $58,468
Total Stock Market Index Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $45,506
Vanguard Target Ret Income John Hancock Life Insurance Company DFE: Pooled Separate Account $38,540
Vanguard Balanced Index Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $33,405
Mid Cap Index Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $32,235
Northern Em Equity Index Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $18,861
Vanguard Target Ret 2030 John Hancock Life Insurance Company DFE: Pooled Separate Account $15,696
U.S. High Yield Bond Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $14,815
Intl Equity Index Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $14,649
Pgim Jennison Mid Cap Growth John Hancock Life Insurance Company DFE: Pooled Separate Account $11,662
Jh Multi-Index Ls Moderate John Hancock Life Insurance Company DFE: Pooled Separate Account $9,928
Dfa U.S. Small Cap Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $9,351
Vanguard Target Ret 2025 John Hancock Life Insurance Company DFE: Pooled Separate Account $8,584
Jh Multi-Index Ls Conserv John Hancock Life Insurance Company DFE: Pooled Separate Account $8,307
Vanguard International Growth John Hancock Life Insurance Company DFE: Pooled Separate Account $7,924
T. Rowe Price Health Sci John Hancock Life Insurance Company DFE: Pooled Separate Account $6,768
Small Cap Index Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $3,913
Vanguard Total Bond Market Idx John Hancock Life Insurance Company DFE: Pooled Separate Account $2,287
Vanguard Target Ret 2035 John Hancock Life Insurance Company DFE: Pooled Separate Account $1,013
Mfs Utilities Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $717
New Perspective Fund John Hancock Life Insurance Company DFE: Pooled Separate Account $101
Total $7,023,428

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock USA 219
EIN 01-0233346
Industry Code 65838
Contract Number 100166
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 $23,210
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Wells Fargo Advisors 1201 New Road Linwood, NJ 08221 Insurance Agent or Broker $20,268 $0
Milberg Consulting LLC 2081 E. High Street Sanatoga, PA 19464 Third Party Administrator $0 $2,942 TPA COMPENSATION
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 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