Back to top
Home>401K Directory>Autumn Harp Inc 401k Profit Sharing Plan>Form 5500

Autumn Harp, Inc.

Plan Rating
OverviewFinancialsService ProvidersInvestmentsInsurance Information
FORM 5500 DATA

Autumn Harp, Inc. 401k Profit Sharing Plan

Form 5500 Year:

Plan Rating
OverviewFinancialsService ProvidersInvestmentsInsurance Information

Overview

Plan Information

  • Plan Year01/01/2015 — 12/31/2015
  • Date of Plan01/01/1994
  • Net Assets as of 12/31/2015 $5,361,210
  • 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? No
  • Plan Funding ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2015

  • Active (Eligible) Participants171
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits39
  • Subtotal210
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total210
  • Total number of participants as of 01/01/2015218
  • Number of participants with account balances163
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested6

Expenses

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

Sponsor Information

  • Address26 Thompson Drive
  • CityEssex Junction
  • StateVT
  • Zip05452
  • Telephone(802) 857-4600
  • EIN03-0284189
  • Industry Code325900

Audit Information

  • Audit StatusAudited
  • AuditorGallagher Flynn & Company LLP
  • Auditor EIN03-0225774
  • 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? Yes
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? Yes

Financials

Income and Expense Statement
Income $566,609
Contributions $571,435
Cash Contributions $571,435
Cash from Employers $148,534
Cash from Participants $422,901
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $-5,363
Total Interest $3,921
Interest-Bearing Cash $3
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $3,918
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 $-9,284
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 $537
Expenses $272,394
Total Benefit Payments $248,955
Directly to participants or beneficiaries, including direct rollovers $248,955
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $5,430
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $18,009
Professional Fees $4,330
Contract Administrator Fees $9,546
Investment Advisory and management fees $4,133
Other Administrative Fees $0
Net Income $294,215
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 $5,361,210 $5,066,995 5.81%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $25,976 $24,924 4.22%
Employer Contributions $25,976 $24,924 4.22%
Participant Contributions $0 $0 0.0%
Other Contributions $0 $0 0.0%
General Investments $9,363 $55,378 -83.09%
Interest-bearing cash $9,363 $55,378 -83.09%
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 $106,578 $111,979 -4.82%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $5,219,275 $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 $0 $4,874,580 -100.00%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $18 $134 -86.57%
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 $5,361,210 $5,066,995 5.81%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Tower Square Securities

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
Td Ameritrade Trust Company Custodial (securities) NONE $5,152 $0 $5,152
John Hancock Life Insurance Co USA Recordkeeping and information management (computing, tabulating, data processing, etc.), Investment management, Sub-transfer agency fees, Float revenue, Distribution (12b-1) fees, Other insurance wrap fees, Soft dollars commissions Recordkeeper $232 $0 $232
Total $5,384 $0 $5,384

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Td Ameritrade Trust Co 20-0937408 Td Bank, USA, Na Custodial (securities) Tdatc Receives A Fee From Td Bank USA Na for Marketing and Related Services In Connection With Td Institutional Mmda (Pe-Bf-Sa-I) Rs=Tdatc Mkt Fee $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
Oppenheimer Intl Growth Fund John Hancock USA DFE: Pooled Separate Account $866,365
Vanguard Value Index Fund John Hancock USA DFE: Pooled Separate Account $802,531
American Balanced Fund John Hancock USA DFE: Pooled Separate Account $707,907
Parnassus Core Equity Fund John Hancock USA DFE: Pooled Separate Account $597,652
T. Rowe Price Retirement 2020 John Hancock USA DFE: Pooled Separate Account $585,009
T. Rowe Price Retirement 2045 John Hancock USA DFE: Pooled Separate Account $434,950
Active Bond Fund John Hancock USA DFE: Pooled Separate Account $376,819
New World Fund John Hancock USA DFE: Pooled Separate Account $321,995
Dfa U.S. Small Cap Fund John Hancock USA DFE: Pooled Separate Account $194,509
T. Rowe Price Retirement 2010 John Hancock USA DFE: Pooled Separate Account $106,252
John Hancock Stable Val John Hancock USA DFE: Pooled Separate Account $54,441
T. Rowe Price Retirement 2035 John Hancock USA DFE: Pooled Separate Account $51,613
T. Rowe Price Retirement 2030 John Hancock USA DFE: Pooled Separate Account $51,546
Mid Cap Index Fund John Hancock USA DFE: Pooled Separate Account $19,220
Real Est. Securities Fund John Hancock USA DFE: Pooled Separate Account $17,146
T. Rowe Price Retirement 2050 John Hancock USA DFE: Pooled Separate Account $11,444
Legg Mason Clearbr Agg Growth John Hancock USA DFE: Pooled Separate Account $10,031
Total Bond Market Fund John Hancock USA DFE: Pooled Separate Account $8,379
T. Rowe Price Retirement 2055 John Hancock USA DFE: Pooled Separate Account $1,397
Intl Equity Index Fund John Hancock USA DFE: Pooled Separate Account $68
Total $5,219,274

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock Life Insurance Company USA 174
EIN 01-0233346
Industry Code 65838
Contract Number 119318
Contract Year 07/16/2015 — 12/31/2015
Value in General Account at Year End $0
Value in Separate Accounts at Year End $5,219,275
Insurance Fees and Commissions $18,697
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Future Planning Associates, Inc. 600 Blair Park Road, Suite 331 Williston, VT 05495 Third Party Administrator $0 $13,864 TPA COMPENSATION
Cetera Advisor Networks Ll 200 N. Sepulveda Blvd, Suite 1300 El Segundo, CA 90245 Investment Manager/Adviser $0 $4,133 RIA FEES
Future Planning Associates, Inc. 600 Blair Park Road, Suite 331 Williston, VT 05495 Third Party Administrator $0 $700 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 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