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Overview

Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan01/01/2005
  • Net Assets as of 12/31/2019 $13,699,798
  • 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 12/31/2019

  • Active (Eligible) Participants155
  • Retired or separated participants receiving benefits6
  • Other retired or separated participants entitled to future benefits125
  • Subtotal286
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total286
  • Total number of participants as of 01/01/2019311
  • Number of participants with account balances255
  • 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

  • Address5 Concourse Parkway Suite 1600
  • CityAtlanta
  • StateGA
  • Zip30328
  • Telephone(678) 606-9919
  • EIN20-0565800
  • Industry Code517000
  • Named AdministratorSuzanne Joly

Audit Information

  • Audit StatusAudited
  • AuditorHancock Askew & Co., LLP
  • Auditor EIN58-0662558
  • 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 $3,985,457
Contributions $1,562,368
Cash Contributions $1,562,368
Cash from Employers $500,793
Cash from Participants $1,035,396
Others (including rollovers) $26,179
Noncash Contributions $0
Total Earnings on Investments $2,423,089
Total Interest $9,350
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $9,350
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 $2,413,739
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 $1,990,553
Total Benefit Payments $1,930,730
Directly to participants or beneficiaries, including direct rollovers $1,930,730
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $49,663
Interest expense $0
Total Administrative Expenses $10,160
Professional Fees $10,160
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $1,994,904
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 $13,699,798 $11,704,894 17.04%
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 $183,732 $197,393 -6.92%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $12,153,558 $10,160,999 19.61%
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 $1,362,508 $1,346,502 1.19%
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 $13,699,798 $11,704,894 17.04%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Transamerica Financial Life Insur

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
Ascensus, LLC Recordkeeping and information management (computing, tabulating, data processing, etc.), Recordkeeping fees, Participant loan processing Recordkeeper $8,435 $193 $8,628
Transamerica Financial Life Insur Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Investment management fees paid indirectly by plan, Other insurance wrap fees Recordkeeper $1,725 $0 $1,725
Total $10,160 $193 $10,353

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
Fidelity Advisor New Insights Ret A Transamerica Life Insurance Company DFE: Pooled Separate Account $2,335,070
Invesco Diversified Dividend Ret Ac Transamerica Life Insurance Company DFE: Pooled Separate Account $965,268
Ta Vanguard Small-Cap Index Ret Acc Transamerica Life Insurance Company DFE: Pooled Separate Account $907,614
Invesco Oppenheimer Main Street Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $871,900
Pimco Income Ret Acct Transamerica Life Insurance Company DFE: Pooled Separate Account $802,094
Pioneer Select Mid Cap Growth Ret A Transamerica Life Insurance Company DFE: Pooled Separate Account $738,669
Ta Blackrock Lifepath Index 2040 Re Transamerica Life Insurance Company DFE: Pooled Separate Account $568,944
American Funds New Perspective Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $559,408
Invesco International Growth Ret Ac Transamerica Life Insurance Company DFE: Pooled Separate Account $544,386
Ta Blackrock Lifepath Index 2050 Re Transamerica Life Insurance Company DFE: Pooled Separate Account $457,829
Janus Henderson Balanced Ret Acct Transamerica Life Insurance Company DFE: Pooled Separate Account $427,979
Ta Blackrock Lifepath Index 2030 Re Transamerica Life Insurance Company DFE: Pooled Separate Account $424,897
Invesco American Value Ret Acct Transamerica Life Insurance Company DFE: Pooled Separate Account $353,918
Templeton Foreign Ret Acct Transamerica Life Insurance Company DFE: Pooled Separate Account $352,747
Eaton Vance High Income Opportuniti Transamerica Life Insurance Company DFE: Pooled Separate Account $306,425
Ta Blackrock Lifepath Index 2045 Re Transamerica Life Insurance Company DFE: Pooled Separate Account $300,432
Ta Vanguard Real Estate Index Ret A Transamerica Life Insurance Company DFE: Pooled Separate Account $276,337
Dfa Inflation-Protected Securities Transamerica Life Insurance Company DFE: Pooled Separate Account $244,030
Ta Blackrock Lifepath Index 2055 Re Transamerica Life Insurance Company DFE: Pooled Separate Account $176,039
Ta Blackrock Lifepath Index 2035 Re Transamerica Life Insurance Company DFE: Pooled Separate Account $137,104
Ta Blackrock Lifepath Index Retirem Transamerica Life Insurance Company DFE: Pooled Separate Account $116,835
Ta Blackrock Lifepath Index 2025 Re Transamerica Life Insurance Company DFE: Pooled Separate Account $115,533
Franklin Small Cap Value Ret Acct Transamerica Life Insurance Company DFE: Pooled Separate Account $79,486
Templeton Global Bond Ret Acct Transamerica Life Insurance Company DFE: Pooled Separate Account $72,819
Ta Blackrock Lifepath Index 2060 Re Transamerica Life Insurance Company DFE: Pooled Separate Account $17,792
Total $12,153,555

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Transamerica Financial Life Insurance Company 0
EIN 36-6071399
Industry Code 70688
Contract Number 342824-000
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $1,362,509
Value in Separate Accounts at Year End $12,153,558
Insurance Fees and Commissions $69,498
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Morgan Stanley Insurance Services 34 Exchange Place Fl 7, Harbor Jersey City, NJ 07311 Insurance Agent or Broker $31,577 $0
Morgan Stanley Insurance Services 34 Exchange Place Fl 7, Harbor Jersey City, NJ 07311 Insurance Agent or Broker $31,577 $0
Ascensus, LLC 200 Dryden Road Dresher, PA 19025 Third Party Administrator $0 $3,767 TPA FEES
Retirement Strategies, Inc. 229 Furys Ferry Road Augusta, GA 30907 Third Party Administrator $0 $2,577 TPA FEES
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 $1,346,503
Additions $280,446
Contributions Deposited during the year $73,515
Dividends and credits $0
Interest credited during the year $12,358
Transferred from separate account $180,722
Other $13,851
Total of Balance and Additions $1,626,949
Deductions $264,440
Disbursed from fund to pay benefits or purchase annuities during the year $158,985
Administration charge made by carrier $0
Transferred to Separate Account $95,674
Other $9,781
Balance at the end of the current year $1,362,509