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FORM 5500 DATA

Arizona Labor Force and Affiliates 401k Retirement Plan

Overview

Plan Information

  • Plan Year01/01/2018 — 12/31/2018
  • Date of Plan01/01/2009
  • Net Assets as of 12/31/2018 $846,056
  • Plan Number1
  • Plan Type Multiple 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 12/31/2018

  • Active (Eligible) Participants158
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits9
  • Subtotal167
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total167
  • Total number of participants as of 01/01/2018157
  • Number of participants with account balances112
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested8

Expenses

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

Sponsor Information

  • Address6363 S. Kyrene Road
  • CityTempe
  • StateAZ
  • Zip85283-1736
  • Telephone(480) 481-2540
  • EIN86-0514245
  • Industry Code561300
  • Named AdministratorDenise Hobart

Audit Information

  • Audit StatusAudited
  • AuditorSchmidt Westergard & Co., PLLC
  • Auditor EIN86-0271207
  • 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 $400,000
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 $150,654
Contributions $193,031
Cash Contributions $193,031
Cash from Employers $33,192
Cash from Participants $159,839
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $-42,377
Total Interest $0
Interest-Bearing Cash $0
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 $13
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 $-42,390
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 $120,547
Total Benefit Payments $103,963
Directly to participants or beneficiaries, including direct rollovers $103,963
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 $16,584
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $1,152
Other Administrative Fees $15,432
Net Income $30,107
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2018 12/31/2017 Change YOY
Total Assets $846,056 $815,949 3.69%
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 $0 $0 0.0%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $844,909 $779,135 8.44%
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 $28,390 -100.00%
Value of funds held in insurance co. general account $1,147 $8,424 -86.38%
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 $846,056 $815,949 3.69%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Transamerica Financial Life Insuran

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
Transamerica Financial Life Insuran Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Investment management fees paid indirectly by plan, Float revenue, Recordkeeping fees, Other insurance wrap fees Record Keeper $8,709 $0 $8,709
Principal Life Insurance Co Contract Administrator, Direct payment from the plan, Recordkeeping fees Contract Administrator $6,723 $0 $6,723
Total $15,432 $0 $15,432

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
Ta Blackrock Lifepathindx2025 Ret A Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $232,291
Ta Blackrock Lifepathindx2020 Ret A Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $153,300
Ta Blackrock Lifepathindx2035 Ret A Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $135,310
Ta Blackrock Lifepathindx2040 Ret A Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $103,922
Ta Blackrock Lifepathindx2030 Ret A Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $91,206
Ta Blackrock Lifepathindx2045 Ret A Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $35,131
Ta Vanguard Total Stck Mrkt Index R Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $17,455
Ta Blackrock Lifepathindx2050 Ret A Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $15,334
Ta Blackrock Lifepathindx2055 Ret A Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $14,051
State Street S&P Md Cap Indx Ret Ac Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $13,236
State Street Russell Sm Cap Index R Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $10,669
Ta Blackrock Lifepath Index Retirem Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $6,727
American Funds Europacific Gr Ret A Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $5,296
Western Asset Core Plus Bd Ret Acct Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $3,780
Ta Vanguard Reit Index Ret Acct Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $2,978
Invesco Stable Val Trust Ret Acct Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $2,576
Ta Blackrock Lifepathindx2060 Ret A Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $1,647
Prin Lifetime Strat Inc Sa-R3 Principal Life Insurance Company DFE: Pooled Separate Account $0
Prin Smallcap Value II Sa-R3 Principal Life Insurance Company DFE: Pooled Separate Account $0
Prin Lifetime 2015 Sep Acct-R3 Principal Life Insurance Company DFE: Pooled Separate Account $0
Prin Lifetime 2025 Sep Acct-R3 Principal Life Insurance Company DFE: Pooled Separate Account $0
Prin Lifetime 2035 Sep Acct-R3 Principal Life Insurance Company DFE: Pooled Separate Account $0
Prin Lifetime 2045 Sep Acct-R3 Principal Life Insurance Company DFE: Pooled Separate Account $0
Prin Lifetime 2055 Sep Acct-R3 Principal Life Insurance Company DFE: Pooled Separate Account $0
Prin Income Sep Acct-R3 Principal Life Insurance Company DFE: Pooled Separate Account $0
Prin Equity Income Sa-R3 Principal Life Insurance Company DFE: Pooled Separate Account $0
Prin Lifetime 2050 Sep Acct-R3 Principal Life Insurance Company DFE: Pooled Separate Account $0
Prin Lifetime 2040 Sep Acct-R3 Principal Life Insurance Company DFE: Pooled Separate Account $0
Prin Mid Cap Sep Acct- R3 Principal Life Insurance Company DFE: Pooled Separate Account $0
Prin Us Property Sep Acct-R3 Principal Life Insurance Company DFE: Pooled Separate Account $0
Prin Diversified Intl Sa-R3 Principal Life Insurance Company DFE: Pooled Separate Account $0
Prin Lgcap S&P 500 Index Sa-R3 Principal Life Insurance Company DFE: Pooled Separate Account $0
Prin Smcap S&P 600 Index Sa-R3 Principal Life Insurance Company DFE: Pooled Separate Account $0
Prin Midcap S&P 400 Idx Sa-R3 Principal Life Insurance Company DFE: Pooled Separate Account $0
Prin Smallcap Growth I Sa-R3 Principal Life Insurance Company DFE: Pooled Separate Account $0
Prin Lifetime 2020 Sep Acct-R3 Principal Life Insurance Company DFE: Pooled Separate Account $0
Prin Lifetime 2030 Sep Acct-R3 Principal Life Insurance Company DFE: Pooled Separate Account $0
Prin Short-Term Income Sa-R3 Principal Life Insurance Company DFE: Pooled Separate Account $0
Total $844,909

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Transamerica Financial Life Insurance Company 112
EIN 36-6071399
Industry Code 70688
Contract Number 932493
Contract Year 06/11/2018 — 12/31/2018
Value in General Account at Year End $1,147
Value in Separate Accounts at Year End $844,909
Insurance Fees and Commissions $0
Persons Receiving Commissions and Fees There are no brokers listed for this plan.
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 STABLE VALUE OPTION
Balance at the end of the previous year $0
Additions $2,299
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $0
Transferred from separate account $0
Other $2,299
Total of Balance and Additions $2,299
Deductions $1,152
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 $1,152
Balance at the end of the current year $1,147
Principal Life Insurance Company 0
EIN 42-0127290
Industry Code 61271
Contract Number 619925
Contract Year 01/01/2018 — 06/11/2018
Value in General Account at Year End $0
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $415
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Sagepoint Financial Inc 20 E Thomas Rd Phoenix, AZ 85012 Insurance Agent or Broker $214 $0
Matthews, Gold, Kennedy & Snow, Inc 6530 N. 16th Street Phoenix, AZ 85016 Insurance Agent or Broker $0 $201 REFERRAL/SERVICE FEE
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 FLEXIBLE INVESTMENT ANNUITY
Balance at the end of the previous year $8,559
Additions $1,039
Contributions Deposited during the year $1,023
Dividends and credits $0
Interest credited during the year $16
Transferred from separate account $0
Other $0
Total of Balance and Additions $9,598
Deductions $9,598
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $202
Transferred to Separate Account $3,141
Other $6,255
Balance at the end of the current year $0