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Overview

Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan02/05/2008
  • Net Assets as of 12/31/2019 $209,488,247
  • 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 Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2019

  • Active (Eligible) Participants891
  • Retired or separated participants receiving benefits44
  • Other retired or separated participants entitled to future benefits1,352
  • Subtotal2,287
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total2,287
  • Total number of participants as of 01/01/20192,400
  • Number of participants with account balances2,176
  • 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

  • Address1954 Commerce Street
  • CityDallas
  • StateTX
  • Zip75201
  • Telephone(214) 977-8869
  • EIN38-3765318
  • Industry Code511110
  • Named AdministratorKaty Murray

Audit Information

  • Audit StatusAudited
  • AuditorBaker Tilly Virchow Krause, LLP
  • Auditor EIN39-0859910
  • 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.
2R Brokerage Window Participant-directed brokerage accounts provided as an investment option under the plan.
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.
3H Controlled Group Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

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 $5,000,000
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 $45,194,412
Contributions $5,006,328
Cash Contributions $5,006,328
Cash from Employers $638,259
Cash from Participants $3,988,601
Others (including rollovers) $379,468
Noncash Contributions $0
Total Earnings on Investments $40,118,084
Total Interest $540,862
Interest-Bearing Cash $369,635
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $171,227
Interest from Other Investments $0
Total Dividends $9,673,869
Preferred Stock $0
Common Stock $7,891
Rents $0
Net gain (loss) on sale of assets $106,009
Aggregate Proceeds $1,644,947
Aggregate Carrying Amount $1,538,938
Total Unrealized Appreciation (depreciation) of assets $63,612
Real Estate $0
Other $63,612
Net investment gain (loss) from common/collective trusts $76,537
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 $29,657,195
Other Income $70,000
Expenses $28,710,180
Total Benefit Payments $28,608,165
Directly to participants or beneficiaries, including direct rollovers $28,608,165
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $1,062
Certain deemed distributions of participant loans $46,354
Interest expense $0
Total Administrative Expenses $54,599
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $23,751
Other Administrative Fees $30,848
Net Income $16,484,232
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 $209,488,247 $193,004,015 8.54%
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 $14,297,933 $15,368,805 -6.97%
Interest-bearing cash $14,197,120 $15,270,062 -7.03%
U.S. Government Securities $100,813 $98,743 2.10%
Corporate Debt Instruments $0 $0 0.0%
Preferred $0 $0 0.0%
All Other $0 $0 0.0%
Corporate Stocks $1,048,888 $1,140,434 -8.03%
Preferred $0 $0 0.0%
Common $1,048,888 $1,140,434 -8.03%
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 $2,869,842 $3,517,312 -18.41%
Value of interest in common/collective trusts $3,554,365 $4,187,472 -15.12%
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 $185,780,219 $168,583,870 10.20%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $1,796,243 $98 1832801.02%
Employer-related Investments $140,757 $206,024 -31.68%
Employer Securities $140,757 $206,024 -31.68%
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 $209,488,247 $193,004,015 8.54%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Fid Inv Instl Ops 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
Strategic Advisors, Inc. Investment advisory (plan) Advisor $23,751 $0 $23,751
Fid Inv Instl Ops Co Participant loan processing, Sub-transfer agency fees, Recordkeeping fees, Account maintenance fees, Securities brokerage commissions and fees Recordkeeper $14,481 $0 $14,481
Baker Tilly Virchow, Krause, LLP Accounting (including auditing) Accountant/Auditor $11,087 $0 $11,087
Montgomery Coscia Greilich LLP Accounting (including auditing) Accountant/Auditor $5,280 $0 $5,280
Total $54,599 $0 $54,599

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Fid Inv Inst. Ops Co Alger Health Sciences Fd Cl C Sub-transfer agency fees 0.40% $0
Fid Inv Inst. Ops Co Ariel Fund Sub-transfer agency fees 0.40% $0
Fid Inv Inst. Ops Co Calamos Growth & Income Cl C Sub-transfer agency fees 0.08% $0
Fid Inv Inst Ops Co Matthews Pacific Tiger Fund Sub-transfer agency fees 0.40% $0
Fid Inv Inst Ops Co Matthews India Fund Sub-transfer agency fees 0.40% $0
Fid Inv Inst Ops Co Thornburg Intl Value Cl Instl Sub-transfer agency fees 0.10% $0
Fid Inv Inst Ops Co Dodge & Cox Intl Stk Sub-transfer agency fees 0.10% $0
Fid Inv Inst Ops Co Glenmede Smcap Eq Is Sub-transfer agency fees 0.15% $0
Fid Inv Inst Ops Co Invs Divrs Divd R5 Sub-transfer agency fees 0.35% $0
Fid Inv Inst Ops Co Trp Blue Chip Grth T Sub-transfer agency fees 0.15% $0
Fid Inv Inst Ops Co Blackrock Emerg Markets Fd Inc A Sub-transfer agency fees 0.40% $0
*As outlined by the Form 5500 Instructions for service providers with indirect compensation.

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
Mip Cl 1 Fidelity Management Trust Company DFE: Common/Collective Trust $3,554,365
Total $3,554,365

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.