Back to top
FORM 5500 DATA

Shentel Management Company 401k Retirement Plan

Overview

Plan Information

  • Plan Year01/01/2008 — 12/31/2008
  • Date of Plan01/01/1972
  • Net Assets as of 12/31/2008 $10,483,033
  • Plan Number2
  • 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 12/31/2008

  • Active (Eligible) Participants437
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits94
  • Subtotal531
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total531
  • Total number of participants as of 01/01/2008514
  • Number of participants with account balances522
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested60
  • Number of participants required to be reported on Schedule SSA18

Expenses

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

Sponsor Information

  • AddressP.O. Box 459
  • CityEdinburg
  • StateVA
  • Zip22824-0459
  • Telephone(540) 984-5416
  • EIN20-1828828
  • Industry Code517000
  • Named Administrator(/Lc^

Plan Administrator Information

  • Administrator NameSAME
  • Administrator EIN

Audit Information

  • Audit StatusAudited
  • AuditorKPMG LLP
  • Auditor EIN13-5565207
  • Audit Opinion Disclaimer

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.
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.
3E Prototype plan A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion or notification letter; and under which a separate funding medium (for example, a separate trust or custodial account) is established for the use of each adopting employer.
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 $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

Financials

Income and Expense Statement

Income $-1,365,354
Contributions $2,598,485
Cash Contributions $2,598,485
Cash from Employers $1,210,621
Cash from Participants $1,321,492
Others (including rollovers) $66,372
Noncash Contributions $0
Total Earnings on Investments $-3,963,839
Total Interest $7,014
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $7,014
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 $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 $-3,970,853
Other Income $0
Expenses $1,206,248
Total Benefit Payments $1,164,530
Directly to participants or beneficiaries, including direct rollovers $1,164,530
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 $41,718
Professional Fees $0
Contract Administrator Fees $31,668
Investment Advisory and management fees $0
Other Administrative Fees $10,050
Net Income $-2,571,602
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2008 12/31/2007 Change YOY
Total Assets $10,483,033 $13,054,635 -19.70%
Total noninterest-bearing cash $2,000 $3,465 -42.28%
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 $108,477 $87,267 24.30%
Value of interest in common/collective trusts $0 $0 0.0%
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 $10,372,556 $12,963,903 -19.99%
Value of funds held in insurance co. general account $0 $0 0.0%
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 $10,483,033 $13,054,635 -19.70%

Service Providers

Service Providers

There are no service providers listed for this plan.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Money Market Fund John Hancock USA DFE: Pooled Separate Account $2,035,500
Lifestyle Growth John Hancock USA DFE: Pooled Separate Account $2,035,350
Lifestyle Balanced John Hancock USA DFE: Pooled Separate Account $1,826,520
Lifestyle Aggressive John Hancock USA DFE: Pooled Separate Account $629,545
Lifestyle Conservative John Hancock USA DFE: Pooled Separate Account $505,887
Short-Term Federal John Hancock USA DFE: Pooled Separate Account $471,201
Lifestyle Moderate John Hancock USA DFE: Pooled Separate Account $431,263
Mid Cap Index Fund John Hancock USA DFE: Pooled Separate Account $406,100
Europacific Growth Fund John Hancock USA DFE: Pooled Separate Account $325,678
Investment Company of America John Hancock USA DFE: Pooled Separate Account $286,990
Pimco Total Return John Hancock USA DFE: Pooled Separate Account $245,759
Explorer John Hancock USA DFE: Pooled Separate Account $242,883
Small Cap Opportunities Fund John Hancock USA DFE: Pooled Separate Account $205,453
The Growth Fund of America John Hancock USA DFE: Pooled Separate Account $174,645
American Balanced Fund John Hancock USA DFE: Pooled Separate Account $170,358
Lm Partners Glb High Yield John Hancock USA DFE: Pooled Separate Account $138,064
Legg Mason Value John Hancock USA DFE: Pooled Separate Account $93,567
Mid Cap Stock Fund John Hancock USA DFE: Pooled Separate Account $46,343
Royce Opportunity John Hancock USA DFE: Pooled Separate Account $32,754
Oppenheimer Global John Hancock USA DFE: Pooled Separate Account $32,314
International Value Fund John Hancock USA DFE: Pooled Separate Account $30,057
Mid Cap Value Fund John Hancock USA DFE: Pooled Separate Account $6,326
Total $10,372,557

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock Life Insurance Company (USA) 518
EIN 01-0233346
Industry Code 65838
Contract Number 36284
Contract Year 01/01/2008 — 12/31/2008
Value in General Account at Year End $0
Value in Separate Accounts at Year End $10,372,556
Insurance Fees and Commissions $54,423
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Salomon Smith Barney Insurance Agent or Broker $38,162 $0
Pollard & Associates, Inc. 1 North Park Drive, Suite 104 Hunt Valley, MD 21030 Third Party Administrator $16,261 $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 Guaranteed Investment
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