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Overview

Plan Information

  • Plan Year01/01/2016 — 12/31/2016
  • Date of Plan01/01/2002
  • Net Assets as of 12/31/2016 $2,014,696
  • 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 Arrangement Trust

Participant Information as of 12/31/2016

  • Active (Eligible) Participants259
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits22
  • Subtotal281
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total281
  • Total number of participants as of 01/01/2016247
  • Number of participants with account balances95
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested1

Expenses

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

Sponsor Information

  • Address2400 N. Dallas Parkway, Ste 210
  • CityPlano
  • StateTX
  • Zip75093
  • Telephone(972) 694-0600
  • EIN20-5385462
  • Industry Code541990
  • Named AdministratorTim Houlne

Audit Information

  • Audit StatusAudited
  • AuditorMontgomery Coscia Greilich, LLP
  • Auditor EIN75-2919818
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
2A Age/Service Weighted or New Comparability or Similar Plan Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New Comparability or Similar Plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the threshold or additional rate allowed under the permitted disparity rules of section 401(l)
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.
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 $6,334
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 $425,000
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 $234,112
Contributions $255,168
Cash Contributions $255,168
Cash from Employers $90,524
Cash from Participants $164,644
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $-21,056
Total Interest $1,356
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $1,356
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 $-22,412
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 $0
Expenses $84,222
Total Benefit Payments $76,276
Directly to participants or beneficiaries, including direct rollovers $76,276
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 $7,946
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $7,946
Net Income $149,890
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $2,754,117

Asset and Liability Statement

12/31/2016 12/31/2015 Change YOY
Total Assets $2,014,696 $4,618,923 -56.38%
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 $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 $36,641 $116,024 -68.42%
Value of interest in common/collective trusts $0 $827,943 -100.00%
Value of interest in pooled separate accounts $1,978,055 $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 $3,674,956 -100.00%
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 $2,014,696 $4,618,923 -56.38%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • John Hancock
  • T. Rowe Price
  • Oakmark
  • Columbia
  • Janus
  • Thornburg
  • Loomis Sayles Funds
  • Lord Abbott
  • Invesco
  • Pimco Funds
  • Harbor
  • Acadian Funds
  • Northern Funds
  • Wells Fargo Bank, N.A.

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
Wells Fargo Bank, N.A. Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Other services, Direct payment from the plan, Sub-transfer agency fees, Float revenue, Recordkeeping fees Service Provider $3,956 $0 $3,956
Wells Fargo Advisors Pcg Investment advisory (plan), Investment management fees paid indirectly by plan Service Provider $0 $3,181 $3,181
John Hancock Recordkeeping and information management (computing, tabulating, data processing, etc.), Investment management, Float revenue, Distribution (12b-1) fees, Soft dollars commissions Record-Keeper $238 $0 $238
Total $4,194 $3,181 $7,375

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Wells Fargo Advisors Pcg Wells Fargo Bank, N.A. Investment advisory (plan), Investment management fees paid indirectly by plan 50 Basis Points $3,181
*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
Jh Multi-Index 2030 Preserv John Hancock USA DFE: Pooled Separate Account $624,799
Jh Multi-Index 2035 Preserv John Hancock USA DFE: Pooled Separate Account $388,584
Jh Multi-Index 2040 Preserv John Hancock USA DFE: Pooled Separate Account $327,510
Jh Multi-Index 2045 Preserv John Hancock USA DFE: Pooled Separate Account $237,718
Jh Multi-Index Income Preserv John Hancock USA DFE: Pooled Separate Account $113,565
Jh Multi-Index 2020 Preserv John Hancock USA DFE: Pooled Separate Account $49,538
Jh Multi-Index 2055 Preserv John Hancock USA DFE: Pooled Separate Account $40,969
Jh Multi-Index 2025 Preserv John Hancock USA DFE: Pooled Separate Account $36,710
Jh Multi-Index Ls Aggressive John Hancock USA DFE: Pooled Separate Account $33,281
Small Cap Index Fund John Hancock USA DFE: Pooled Separate Account $26,023
Vanguard Small Cap Grow Index John Hancock USA DFE: Pooled Separate Account $22,751
Vanguard Mid-Cap Growth Etf John Hancock USA DFE: Pooled Separate Account $18,688
Jh Multi-Index Ls Balanced John Hancock USA DFE: Pooled Separate Account $14,707
Jh Multi-Index 2050 Preserv John Hancock USA DFE: Pooled Separate Account $11,766
Jh Multi-Index Ls Growth John Hancock USA DFE: Pooled Separate Account $5,409
Mid Cap Index Fund John Hancock USA DFE: Pooled Separate Account $5,267
500 Index Fund John Hancock USA DFE: Pooled Separate Account $4,995
Vanguard Small Cap Value Index John Hancock USA DFE: Pooled Separate Account $4,919
Vanguard Value Index Fund John Hancock USA DFE: Pooled Separate Account $4,616
Vanguard Mid-Cap Value Etf John Hancock USA DFE: Pooled Separate Account $4,584
Total Bond Market Fund John Hancock USA DFE: Pooled Separate Account $1,296
Jh Multi-Index Ls Moderate John Hancock USA DFE: Pooled Separate Account $208
Vanguard Growth Index Fund John Hancock USA DFE: Pooled Separate Account $152
Blackrock S & P 500 Index Cit Tr Wells Fargo Bank, N.A. DFE: Common/Collective Trust $0
Blackrock S & P Midcap Index Cit Tr Wells Fargo Bank, N.A. DFE: Common/Collective Trust $0
Blackrock Ru 2000 Index Cit Tr Wells Fargo Bank, N.A. DFE: Common/Collective Trust $0
Blackrock Intl Eq Index Cit Tr Wells Fargo Bank, N.A. DFE: Common/Collective Trust $0
Dodge & Cox Intermed Bond Cit Tr Wells Fargo Bank, N.A. DFE: Common/Collective Trust $0
Trp Inst Lrg-Cap Group Mgd Cit Tr Wells Fargo Bank, N.A. DFE: Common/Collective Trust $0
Trp Inst Equity Income Mgd Cit Tr Wells Fargo Bank, N.A. DFE: Common/Collective Trust $0
Multi-Manager Small Cap Cit Tr Wells Fargo Bank, N.A. DFE: Common/Collective Trust $0
Mfs Value Cit Rt Wells Fargo Bank, N.A. DFE: Common/Collective Trust $0
Causeway Intl Value Cit Tr Wells Fargo Bank, N.A. DFE: Common/Collective Trust $0
Stable Return Fund Tr Wells Fargo Bank, N.A. DFE: Common/Collective Trust $0
Core Bond Cit Tr Wells Fargo Bank, N.A. DFE: Common/Collective Trust $0
International Bond Cit Tr Wells Fargo Bank, N.A. DFE: Common/Collective Trust $0
Blackrock Us Agg Bd Index Cit Tr Wells Fargo Bank, N.A. DFE: Common/Collective Trust $0
Total $1,978,055

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock Life Insurance Company (U.S.A.) 105
EIN 01-0233346
Industry Code 65838
Contract Number 121158
Contract Year 01/21/2016 — 12/31/2016
Value in General Account at Year End $0
Value in Separate Accounts at Year End $1,978,055
Insurance Fees and Commissions $24,272
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Wells Fargo Advisors Ins Agency, Ll Insurance Agent or Broker $18,025 $0
Travis Wolff, LLP 15950 N. Dallas Parkway Dallas, TX 75248 Third Party Administrator $0 $6,247 TPA COMPENSATION
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