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FORM 5500 DATA

Agri-Industrial Plastics Co. Profit Sharing Plan

Overview

Plan Information

  • Plan Year12/01/2014 — 11/30/2015
  • Date of Plan12/01/1984
  • Net Assets as of 11/30/2015 $7,726,251
  • 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 Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 11/30/2015

  • Active (Eligible) Participants134
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits15
  • Subtotal149
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total149
  • Total number of participants as of 12/01/2014149
  • Number of participants with account balances149
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested9

Expenses

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

Sponsor Information

  • AddressPo Box 950
  • CityFairfield
  • StateIA
  • Zip52556-0867
  • Telephone(641) 472-4188
  • EIN42-1103827
  • Industry Code326100
  • Named AdministratorLori Schaefer

Plan Administrator Information

  • Administrator NameAgri-Industrial Plastics Co
  • AddressPo Box 950
  • CityFairfield
  • StateIA
  • Zip52556-0867
  • Telephone(641) 472-4188
  • Administrator EIN42-1103827

Audit Information

  • Audit StatusAudited
  • AuditorTd&T CPAS and Advisors, P.C.
  • Auditor EIN42-1029744
  • 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.
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.
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? Yes $326
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 $636,422
Contributions $561,156
Cash Contributions $561,156
Cash from Employers $238,408
Cash from Participants $322,748
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $75,266
Total Interest $4
Interest-Bearing Cash $4
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 $83,187
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 $-8,458
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 $533
Other Income $0
Expenses $170,579
Total Benefit Payments $135,624
Directly to participants or beneficiaries, including direct rollovers $135,624
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 $34,955
Professional Fees $13,147
Contract Administrator Fees $0
Investment Advisory and management fees $21,808
Other Administrative Fees $0
Net Income $465,843
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

11/30/2015 11/30/2014 Change YOY
Total Assets $7,726,251 $7,260,408 6.42%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $257,107 $251,160 2.37%
Employer Contributions $235,000 $230,000 2.17%
Participant Contributions $22,107 $21,160 4.48%
Other Contributions $0 $0 0.0%
General Investments $3,529 $5,063 -30.30%
Interest-bearing cash $3,529 $5,063 -30.30%
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 $587,281 $596,400 -1.53%
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 $6,878,334 $6,407,785 7.34%
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 $7,726,251 $7,260,408 6.42%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Charles Schwab Trust Company
  • Charles Schwab Invest Mgmt, Inc

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
Alliance Benefit Group of Illinois Recordkeeping and information management (computing, tabulating, data processing, etc.) NONE $13,147 $13,321 $26,468
First Community Trust, Na Investment advisory (participants) NONE $21,808 $0 $21,808
Total $34,955 $13,321 $48,276

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Alliance Benefit Group of Illinois Charles Schwab & Co., Inc. Shareholder servicing fees Shareholder Servicing Fees Used To Pay Plan Expenses $17,477
Charles Schwab Trust Co. Alliance Benefit Group of Illinois Custodial (other than securities) Shareholder Servicing Fees Used To Pay Plan Expenses $4,156
Charles Schwab & Co., Inc. Aston Shareholder servicing fees Range of 0.00 - 0.02% of Average Daily Balance of Assets $0
Charles Schwab & Co., Inc. American Century Investment Shareholder servicing fees Range of 0.00 - 0.02% of Average Daily Balance of Assets $0
Charles Schwab & Co., Inc. Artisan Shareholder servicing fees Range of 0.00 - 0.02% of Average Daily Balance of Assets $0
Charles Schwab & Co., Inc. Fidelity Investments Shareholder servicing fees Range of 0.00 - 0.02% of Average Daily Balance of Assets $0
Charles Schwab & Co., Inc. Columbia Shareholder servicing fees Range of 0.00 - 0.02% of Average Daily Balance of Assets $0
Charles Schwab & Co., Inc. Franklin Templeton Investments Shareholder servicing fees Range of 0.00 - 0.02% of Average Daily Balance of Assets $0
Charles Schwab & Co., Inc. Lord Abbett Shareholder servicing fees Range of 0.00 - 0.02% of Average Daily Balance of Assets $0
Charles Schwab & Co., Inc. Oakmark Shareholder servicing fees Range of 0.00 - 0.02% of Average Daily Balance of Assets $0
Charles Schwab & Co., Inc. T. Rowe Price Shareholder servicing fees Range of 0.00 - 0.02% of Average Daily Balance of Assets $0
Charles Schwab Bank Reliance Shareholder servicing fees Range of 0.00 - 0.02% of Average Daily Balance of Assets $0
Charles Schwab & Co., Inc. Jp Morgan Shareholder servicing fees Range of 0.00 - 0.02% of Average Daily Balance of Assets $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
Met Master Trust 25157 Reliance Trust Company DFE: Common/Collective Trust $587,281
Total $587,281

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.