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FORM 5500 DATA

Object Technology Solutions, Inc. 401k Plan

Overview

Plan Information

  • Plan Year01/01/2017 — 12/31/2017
  • Date of Plan01/01/2006
  • Net Assets as of 12/31/2017 $679,388
  • 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 12/31/2017

  • Active (Eligible) Participants174
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits9
  • Subtotal183
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total183
  • Total number of participants as of 01/01/2017209
  • Number of participants with account balances21
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested0

Expenses

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

Sponsor Information

  • Address6363 College Blvd Suite 230
  • CityOverland Park
  • StateKS
  • Zip66211-1938
  • Telephone(913) 345-9080
  • EIN43-1846354
  • Industry Code519100
  • Named AdministratorNarasimha Gondi
  • Named Plan SponsorKrishna Pal

Audit Information

  • Audit StatusAudited
  • AuditorMarr and Company, Pc
  • Auditor EIN43-1490039
  • Audit Opinion Qualified
  • 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.
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? Yes $8,418
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 $3,000,000
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 $339,889
Contributions $265,538
Cash Contributions $265,538
Cash from Employers $0
Cash from Participants $224,180
Others (including rollovers) $41,358
Noncash Contributions $0
Total Earnings on Investments $75,657
Total Interest $78
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 $78
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 $75,579
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 $-1,306
Expenses $76,278
Total Benefit Payments $76,278
Directly to participants or beneficiaries, including direct rollovers $76,278
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 $0
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $263,611
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2017 12/31/2016 Change YOY
Total Assets $679,388 $415,777 63.40%
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 $0 $0 0.0%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $592,440 $355,374 66.71%
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 $86,948 $60,403 43.95%
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 $679,388 $415,777 63.40%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Principal Life Insurance Company

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
Prin Lgcap Growth Sep Acct-Pro Principal Life Insurance Company DFE: Pooled Separate Account $103,076
Prin Liquid Asset Sep Acct-Pro Principal Life Insurance Company DFE: Pooled Separate Account $87,983
Prin Lifetm 2040 Sep Acct-Pro Principal Life Insurance Company DFE: Pooled Separate Account $62,504
Prin Lifetm 2030 Sep Acct-Pro Principal Life Insurance Company DFE: Pooled Separate Account $53,638
Prin Lifetm 2050 Sep Acct-Pro Principal Life Insurance Company DFE: Pooled Separate Account $49,172
Prin Midcap S&P 400 Idx Sa-Pro Principal Life Insurance Company DFE: Pooled Separate Account $36,648
Prin Intl Em Mkt Sep Acct-Pro Principal Life Insurance Company DFE: Pooled Separate Account $36,361
Prin Core Plus Bond Sa-Pro Principal Life Insurance Company DFE: Pooled Separate Account $29,254
Prin Midcap Value III Sa-Pro Principal Life Insurance Company DFE: Pooled Separate Account $24,519
Prin Midcap Growth III Sa-Pro Principal Life Insurance Company DFE: Pooled Separate Account $23,173
Prin Smcap S&P 600 Idx Sa-Pro Principal Life Insurance Company DFE: Pooled Separate Account $20,495
Prin Intl Smcap Sep Acct-Pro Principal Life Insurance Company DFE: Pooled Separate Account $14,668
Prin Div Intl Sa-Pro Principal Life Insurance Company DFE: Pooled Separate Account $10,689
Prin Lifetm 2020 Sep Acct-Pro Principal Life Insurance Company DFE: Pooled Separate Account $9,102
Prin Lifetm 2010 Sep Acct-Pro Principal Life Insurance Company DFE: Pooled Separate Account $9,072
Prin Lgcap Value Sep Acct-Pro Principal Life Insurance Company DFE: Pooled Separate Account $8,527
Prin Smallcap Value II Sa-Pro Principal Life Insurance Company DFE: Pooled Separate Account $6,849
Prin Smallcap Growth I Sa-Pro Principal Life Insurance Company DFE: Pooled Separate Account $6,709
Prin Lifetm Str Inc Sa-Pro Principal Life Insurance Company DFE: Pooled Separate Account $0
Prin Inflation Prot Sa-Pro Principal Life Insurance Company DFE: Pooled Separate Account $0
Total $592,439

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Principal Life Insurance Company 183
EIN 42-0127290
Industry Code 61271
Contract Number 453230
Contract Year 01/01/2017 — 12/31/2017
Value in General Account at Year End $86,948
Value in Separate Accounts at Year End $592,440
Insurance Fees and Commissions $5,067
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Sigma Financial Corporation 300 Parkland Plz Ann Arbor, MI 48103 -6201 Insurance Agent or Broker $3,819 $1,248 REFERRAL/SERVICE FEE
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 PENSION PROVIDER
Balance at the end of the previous year $60,702
Additions $32,556
Contributions Deposited during the year $32,478
Dividends and credits $0
Interest credited during the year $78
Transferred from separate account $0
Other $0
Total of Balance and Additions $93,258
Deductions $4,705
Disbursed from fund to pay benefits or purchase annuities during the year $4,705
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $88,553