Back to top
FORM 5500 DATA

EmpireCLS Worldwide Chauffeured Services 401k Plan

Overview

Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan01/01/1997
  • Net Assets as of 12/31/2019 $8,751,109
  • 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 12/31/2019

  • Active (Eligible) Participants629
  • Retired or separated participants receiving benefits4
  • Other retired or separated participants entitled to future benefits46
  • Subtotal679
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total679
  • Total number of participants as of 01/01/2019714
  • Number of participants with account balances262
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested0

Expenses

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

Sponsor Information

  • Address225 Meadowlands Parkway
  • CitySecaucus
  • StateNJ
  • Zip07094
  • Telephone(800) 451-5466
  • EIN22-2327272
  • Industry Code485320
  • Named AdministratorDavid Seelinger

Audit Information

  • Audit StatusAudited
  • AuditorHeld Kranzler Mccosker & Pulice LLP
  • Auditor EIN13-4008185
  • 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? No
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? No

Financials

Income and Expense Statement

Income $2,454,893
Contributions $939,129
Cash Contributions $939,129
Cash from Employers $2,886
Cash from Participants $870,127
Others (including rollovers) $66,116
Noncash Contributions $0
Total Earnings on Investments $1,515,764
Total Interest $25,264
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $21,437
Interest from Other Investments $3,827
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 $1,489,748
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 $752
Other Income $0
Expenses $566,423
Total Benefit Payments $532,178
Directly to participants or beneficiaries, including direct rollovers $532,178
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 $34,245
Professional Fees $3,950
Contract Administrator Fees $30,295
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $1,888,470
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2019 12/31/2018 Change YOY
Total Assets $8,751,109 $6,862,639 27.52%
Total noninterest-bearing cash $2,961 $2,961 0.00%
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 $395,182 $414,526 -4.67%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $8,285,326 $6,385,014 29.76%
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 $0 0.0%
Value of funds held in insurance co. general account $67,640 $60,138 12.47%
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 $8,751,109 $6,862,639 27.52%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

There is no information on eligible indirect compensation for this plan.

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
John Hancock Life Insurance Company Recordkeeping and information management (computing, tabulating, data processing, etc.), Investment management, Shareholder servicing fees, Sub-transfer agency fees, Float revenue, Distribution (12b-1) fees, Other insurance wrap fees, Soft dollars commissions Recordkeeper $2,096 $0 $2,096
Intac Accounting (including auditing) Third Party Administrator $0 $0 $0
Total $2,096 $0 $2,096

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

Name Position Explanation
KPMG LLP Accountant

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Jh Multimanager Aggressive Ls John Hancock USA DFE: Pooled Separate Account $1,707,945
Jh Multimanager Growth Ls John Hancock USA DFE: Pooled Separate Account $1,243,465
Jh Multimanager Balanced Ls John Hancock USA DFE: Pooled Separate Account $1,094,927
Jh Multimanager Conserv Ls John Hancock USA DFE: Pooled Separate Account $704,521
Jh Multimanager Moderate Ls John Hancock USA DFE: Pooled Separate Account $635,974
Capital Appreciation Fund John Hancock USA DFE: Pooled Separate Account $414,376
Science & Technology Fund John Hancock USA DFE: Pooled Separate Account $283,890
500 Index Fund John Hancock USA DFE: Pooled Separate Account $210,426
Mid Cap Stock Fund John Hancock USA DFE: Pooled Separate Account $201,454
T. Rowe Price Health Sci John Hancock USA DFE: Pooled Separate Account $136,590
T. Rowe Price Sci & Tech John Hancock USA DFE: Pooled Separate Account $130,726
Strategic Income Opp Fund John Hancock USA DFE: Pooled Separate Account $122,978
Blue Chip Growth Fund John Hancock USA DFE: Pooled Separate Account $106,741
Invesco Oppenheimer Global John Hancock USA DFE: Pooled Separate Account $96,292
Clearbridge Aggressive Growth John Hancock USA DFE: Pooled Separate Account $86,758
Vanguard Energy Fund John Hancock USA DFE: Pooled Separate Account $75,407
Vanguard Small Cap Grow Index John Hancock USA DFE: Pooled Separate Account $65,618
Invesco Opp Developing Mkt John Hancock USA DFE: Pooled Separate Account $63,712
T. Rowe Price Equity Inc John Hancock USA DFE: Pooled Separate Account $62,628
Jpmorgan U.S. Equity Fund John Hancock USA DFE: Pooled Separate Account $60,762
Invesco Small Cap Growth John Hancock USA DFE: Pooled Separate Account $60,598
Money Market Fund John Hancock USA DFE: Pooled Separate Account $60,104
Fidelity Advisor Total Bond John Hancock USA DFE: Pooled Separate Account $54,381
Mid Cap Index Fund John Hancock USA DFE: Pooled Separate Account $51,704
Small Cap Index Fund John Hancock USA DFE: Pooled Separate Account $51,027
John Hancock Disciplined Value John Hancock USA DFE: Pooled Separate Account $44,692
American Century Heritage John Hancock USA DFE: Pooled Separate Account $37,968
Washington Mutual Investors John Hancock USA DFE: Pooled Separate Account $36,604
Europacific Growth Fund John Hancock USA DFE: Pooled Separate Account $33,928
Small Cap Value Fund John Hancock USA DFE: Pooled Separate Account $29,327
Financial Industries Fund John Hancock USA DFE: Pooled Separate Account $28,341
The Growth Fund of America John Hancock USA DFE: Pooled Separate Account $26,272
Jpmorgan Midcap Value Fund John Hancock USA DFE: Pooled Separate Account $22,595
High Yield Fund John Hancock USA DFE: Pooled Separate Account $21,890
T. Rowe Price Spectrum Inc John Hancock USA DFE: Pooled Separate Account $18,560
John Hancock Us Quality Growth John Hancock USA DFE: Pooled Separate Account $18,310
Intl Equity Index Fund John Hancock USA DFE: Pooled Separate Account $17,360
Total Stock Market Index Fund John Hancock USA DFE: Pooled Separate Account $16,786
Franklin Mutual Beacon Fund John Hancock USA DFE: Pooled Separate Account $16,706
International Value Fund John Hancock USA DFE: Pooled Separate Account $15,321
Real Est. Securities Fund John Hancock USA DFE: Pooled Separate Account $15,202
Royce Opportunity John Hancock USA DFE: Pooled Separate Account $13,337
Investment Company of America John Hancock USA DFE: Pooled Separate Account $12,346
Mfs Utilities Fund John Hancock USA DFE: Pooled Separate Account $12,281
Dfa U.S. Small Cap Fund John Hancock USA DFE: Pooled Separate Account $11,223
Pimco All Asset John Hancock USA DFE: Pooled Separate Account $9,316
Mutual Global Discovery John Hancock USA DFE: Pooled Separate Account $7,245
Pimco Global Bond Opps Fund John Hancock USA DFE: Pooled Separate Account $7,116
Pimco Real Return John Hancock USA DFE: Pooled Separate Account $7,087
Fundamental All Cap Core Fund John Hancock USA DFE: Pooled Separate Account $6,522
Franklin Small-Mid Growth John Hancock USA DFE: Pooled Separate Account $3,892
Dfa Intermediate Gov Fixed Inc John Hancock USA DFE: Pooled Separate Account $2,892
Fundamental Large Cap Value John Hancock USA DFE: Pooled Separate Account $2,810
Vanguard Short-Term Federal John Hancock USA DFE: Pooled Separate Account $1,717
American Balanced Fund John Hancock USA DFE: Pooled Separate Account $1,706
Blackrock Global Allocation John Hancock USA DFE: Pooled Separate Account $1,509
Invesco International Growth John Hancock USA DFE: Pooled Separate Account $803
Templeton Foreign Smaller Co John Hancock USA DFE: Pooled Separate Account $661
Total $8,285,329

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock Life Insurance Company 280
EIN 01-0233346
Industry Code 65838
Contract Number 17126
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $67,640
Value in Separate Accounts at Year End $8,285,326
Insurance Fees and Commissions $35,477
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Wells Fargo Advisors Ins Agency,LLC Insurance Agent or Broker $27,581 $0
Intac Actuarial Services Third Party Administrator $3,946 $3,950
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 $60,138
Additions $9,558
Contributions Deposited during the year $8,141
Dividends and credits $0
Interest credited during the year $726
Transferred from separate account $0
Other $691
Total of Balance and Additions $69,696
Deductions $2,056
Disbursed from fund to pay benefits or purchase annuities during the year $1,798
Administration charge made by carrier $258
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $67,640