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Overview

Plan Information

  • Plan Year01/01/2015 — 12/31/2015
  • Date of Plan07/01/2004
  • Net Assets as of 12/31/2015 $2,851,753
  • 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 12/31/2015

  • Active (Eligible) Participants169
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits85
  • Subtotal254
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits264
  • Total518
  • Total number of participants as of 01/01/2015265
  • Number of participants with account balances0
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested85

Expenses

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

Sponsor Information

  • Address2600 G Street
  • CityBakersfield
  • StateCA
  • Zip93301
  • Telephone(661) 328-1992
  • EIN91-1711969
  • Industry Code425120

Audit Information

  • Audit StatusAudited
  • AuditorWilliams Adams & Company, CPA's
  • Auditor EIN46-3186931
  • 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.
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.

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? Yes
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 $546,572
Contributions $588,394
Cash Contributions $588,394
Cash from Employers $420,910
Cash from Participants $167,484
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $-41,822
Total Interest $4,787
Interest-Bearing Cash $4,787
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $0
Interest from Other Investments $0
Total Dividends $35,158
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 $-13,259
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 $-68,508
Other Income $0
Expenses $601,987
Total Benefit Payments $576,658
Directly to participants or beneficiaries, including direct rollovers $576,658
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 $25,329
Professional Fees $12,371
Contract Administrator Fees $6,895
Investment Advisory and management fees $6,063
Other Administrative Fees $0
Net Income $-55,415
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2015 12/31/2014 Change YOY
Total Assets $2,855,395 $2,907,168 -1.78%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $19,297 $62,306 -69.03%
Employer Contributions $0 $61,549 0.0%
Participant Contributions $0 $0 0.0%
Other Contributions $19,297 $757 2449.14%
General Investments $103,825 $509,315 -79.61%
Interest-bearing cash $103,825 $509,315 -79.61%
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 $1,263,088 $994,893 26.96%
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 $1,204,292 $1,083,586 11.14%
Value of funds held in insurance co. general account $264,893 $257,068 3.04%
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 $3,642 $0 0.0%
Benefit Claims Payable (1) $3,642 $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 $2,851,753 $2,907,168 -1.91%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Voya Retirement Ins. & Annuity Co.
  • Pension Services of California
  • Morningstar
  • Williams Adams & Company, CPA's

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
Williams Adams & Company, CPA's Service Provi Der $0 $12,371 $12,371
Pension Services of California Contract Administrator NONE $0 $6,392 $6,392
Morningstar Investment advisory (plan) NONE $0 $0 $0
Total $0 $18,763 $18,763

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 Total Stock Market Index F Voya Financial DFE: Pooled Separate Account $265,896
Voya Fixed Account Voya Financial DFE: Pooled Separate Account $264,893
American Funds Fundamental R6 Voya Financial DFE: Pooled Separate Account $228,163
Amben Stpns Mid-Cap Growth Voya Financial DFE: Pooled Separate Account $102,639
Clrbrg Small Cap Growth Voya Financial DFE: Pooled Separate Account $98,636
Vanguard Target Retire 2015 Voya Financial DFE: Pooled Separate Account $52,474
Vanguard Target Retire 2010 Voya Financial DFE: Pooled Separate Account $52,162
Vanguard Target Retire Income Voya Financial DFE: Pooled Separate Account $51,920
Vanguard Small-Cap Index Fund Voya Financial DFE: Pooled Separate Account $44,348
Vanguard Target Retirement 2035 Voya Financial DFE: Pooled Separate Account $35,903
Vanguard Target Retiremant 2025 Voya Financial DFE: Pooled Separate Account $33,310
Vanguard Mid-Cap Index Fund Voya Financial DFE: Pooled Separate Account $21,799
Vanguard Target Retiremant 2040 Voya Financial DFE: Pooled Separate Account $18,379
American Funds Washington Mutual R6 Voya Financial DFE: Pooled Separate Account $17,269
Vanguard Target Retiremant 2045 Voya Financial DFE: Pooled Separate Account $13,043
Vanguard Target Retirement 2060 Voya Financial DFE: Pooled Separate Account $11,888
American Funds Europacific Voya Financial DFE: Pooled Separate Account $11,736
American Funds New Perspective R6 Voya Financial DFE: Pooled Separate Account $8,014
Invesco American Value Fund Voya Financial DFE: Pooled Separate Account $6,295
Dfa Us Targeted VI Voya Financial DFE: Pooled Separate Account $5,812
Western Asset High Yield Fund Voya Financial DFE: Pooled Separate Account $4,855
Voya Intermediate Bond Fund Voya Financial DFE: Pooled Separate Account $4,106
Vanguard Target Retirement 2020 Fun Voya Financial DFE: Pooled Separate Account $3,880
Invesco Eq & Income Fund Voya Financial DFE: Pooled Separate Account $3,600
Vanguard Target Retirement 2030 Voya Financial DFE: Pooled Separate Account $3,038
Vanguard Target Retirement 2055 Voya Financial DFE: Pooled Separate Account $2,921
Dfa Real Estate Securities Voya Financial DFE: Pooled Separate Account $2,292
Vanguard Target Retiremant 2050 Voya Financial DFE: Pooled Separate Account $2,274
Voya Large Cap Growth Voya Financial DFE: Pooled Separate Account $2,158
Pimco Real Return Fund Voya Financial DFE: Pooled Separate Account $728
Vanguard Trgt Retire Income Fund In Voya Financial DFE: Pooled Separate Account $0
Clrbrg Sm Cp Growth Fnd Is Voya Financial DFE: Pooled Separate Account $0
Vanguard Trgt Retire 2010 Voya Financial DFE: Pooled Separate Account $0
Vanguard Totl Stck Mkt Index Fd Adm Voya Financial DFE: Pooled Separate Account $0
American Funds Fdmntl Inv R6 Voya Financial DFE: Pooled Separate Account $0
Amer Bcn Stpns Md-Cap Grw Fd Inst Voya Financial DFE: Pooled Separate Account $0
Vanguard Trgt Retire 2015 Voya Financial DFE: Pooled Separate Account $0
American Funds Europacific Growth F Voya Financial DFE: Pooled Separate Account $0
Pimco Total Return Voya Financial DFE: Pooled Separate Account $0
Pimco Real Return Voya Financial DFE: Pooled Separate Account $0
Invesco Equilty and Income Fund Voya Financial DFE: Pooled Separate Account $0
Invesco American Value Fund Voya Financial DFE: Pooled Separate Account $0
Dfa U.S. Targeted Value Portfolio Voya Financial DFE: Pooled Separate Account $0
Vanguard Small-Cap Index Fund Voya Financial DFE: Pooled Separate Account $0
Dfa Real Estate Securties Portfolio Voya Financial DFE: Pooled Separate Account $0
American Funds Washington Mutual Voya Financial DFE: Pooled Separate Account $0
American Funds New Perspective Fund Voya Financial DFE: Pooled Separate Account $0
Vanguard Mid-Cap Index Fund Voya Financial DFE: Pooled Separate Account $0
Total $1,374,431

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Voya Financial 40
EIN 71-0294708
Industry Code 00000
Contract Number 811144
Contract Year 01/01/2015 — 12/31/2015
Value in General Account at Year End $10,071
Value in Separate Accounts at Year End $454,195
Insurance Fees and Commissions $1,341
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Centaurus Financial Inc. 2300 E. Katella Ave., Ste. 200 Anaheim, CA 92806 Insurance Agent or Broker $0 $1,207
Pension Services Corporation 15338 Central Avenue Chino, CA 91710 Third Party Administrator $0 $134
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 $4,769
Additions $6,462
Contributions Deposited during the year $6,387
Dividends and credits $0
Interest credited during the year $75
Transferred from separate account $0
Other $0
Total of Balance and Additions $11,231
Deductions $1,158
Disbursed from fund to pay benefits or purchase annuities during the year $894
Administration charge made by carrier $25
Transferred to Separate Account $239
Other $0
Balance at the end of the current year $10,073
Voya Financial 0
EIN 71-0294708
Industry Code 00000
Contract Number ZH1550
Contract Year 01/01/2015 — 12/31/2015
Value in General Account at Year End $254,822
Value in Separate Accounts at Year End $808,892
Insurance Fees and Commissions $1,533
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Pension Services Corporation 320 N. Halstead St., Ste. 140 Pasadena, CA 91107 Insurance Agent or Broker $0 $1,533
Centaurus Financial Inc. 2300 E. Katella Ave., Ste. 200 Anaheim, CA 92806 Insurance Agent or Broker $0 $0
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 $252,299
Additions $2,523
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $2,523
Transferred from separate account $0
Other $0
Total of Balance and Additions $254,822
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 $254,822