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FORM 5500 DATA

S.S. White Employees 401k Savings Plan

Overview

Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan10/01/1988
  • Net Assets as of 12/31/2019 $4,969,017
  • 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 ArrangementInsurance Trust

Participant Information as of 12/31/2019

  • Active (Eligible) Participants80
  • Retired or separated participants receiving benefits7
  • Other retired or separated participants entitled to future benefits60
  • Subtotal147
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits1
  • Total148
  • Total number of participants as of 01/01/2019149
  • Number of participants with account balances129
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested10

Expenses

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

Sponsor Information

  • Address8300 Sheen Drive
  • CitySt. Petersburg
  • StateFL
  • Zip33709
  • Telephone(727) 626-2800
  • EIN22-2903476
  • Industry Code332900
  • Named AdministratorSheryl Sheppard

Audit Information

  • Audit StatusAudited
  • AuditorFrscpa, PLLC
  • Auditor EIN59-2482214
  • 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 $1,045,641
Contributions $373,136
Cash Contributions $373,136
Cash from Employers $23,210
Cash from Participants $286,629
Others (including rollovers) $63,297
Noncash Contributions $0
Total Earnings on Investments $672,505
Total Interest $21,903
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $1,383
Interest from Other Investments $20,520
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 $650,602
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 $470,040
Total Benefit Payments $434,507
Directly to participants or beneficiaries, including direct rollovers $434,507
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $11,296
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $24,237
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $6,742
Other Administrative Fees $17,495
Net Income $575,601
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 $4,969,017 $4,393,416 13.10%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $110 $146 -24.66%
Employer Contributions $0 $0 0.0%
Participant Contributions $0 $0 0.0%
Other Contributions $110 $146 -24.66%
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 $22,541 $32,221 -30.04%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $3,421,713 $3,089,960 10.74%
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 $1,524,653 $1,271,089 19.95%
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 $4,969,017 $4,393,416 13.10%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Transamerica Life Insurance Company
  • 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 Ins Co 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 $9,234 $0 $9,234
Transamerica Life Insurance Company 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 Recordkeeper $8,261 $0 $8,261
Merrill Lynch Consulting (general), Investment advisory (plan), Insurance brokerage commissions and fees Investment Advisory $6,742 $0 $6,742
Total $24,237 $0 $24,237

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 Lifepath Index Retirem Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $824,054
Ta Blackrock Lifepathindx2035 Ret A Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $524,727
American Funds Gr Fd of America Ret Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $427,828
Ta Blackrock Lifepathindx2050 Ret A Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $381,085
Ta Vanguard Total Stck Mrkt Index R Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $168,293
Ta Blackrock Lifepathindx2025 Ret A Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $134,951
Ta Blackrock Lifepathindx2030 Ret A Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $130,301
Ta Blackrock Lifepathindx2055 Ret A Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $114,772
Invesco Growth and Income Ret Acct Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $73,454
Blackrock Mid-Cap Growth Equity Ret Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $72,156
American Funds Fundmntl Invst Ret A Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $69,562
Ta Blackrock Lifepathindx2040 Ret A Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $63,637
Alger Small Cap Focus Ret Acct Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $58,380
Goldman Sachs Lrg Cap Val Insights Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $45,915
American Funds New Perspective Ret Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $39,993
Jpmorgan Core Plus Bond Ret Acct Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $37,305
Transamerica Prtnrs Stck Indx Ret A Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $36,790
Alger Capital Appreciation Ret Acct Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $35,187
American Funds Europacific Gr Ret A Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $34,509
Ab High Income Ret Acct Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $29,652
Ta Blackrock Lifepathindx2060 Ret A Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $24,139
Wells Fargo Special Sm Cap Val Ret Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $23,234
Janus Henderson Balanced Ret Acct Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $23,079
Ta Blackrock Lifepathindx2045 Ret A Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $21,341
Virtus Ceredex Md-Cap Val Eqt Ret A Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $9,230
American Century Inflation Adj Bd R Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $5,003
State Street Internatnl Index Ret A Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $4,943
Clearbridge International Value Ret Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $4,554
Invesco Oppenheimer Main Street Mid Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $3,639
Ta Blackrock Lifepath Index Retirem Transamerica Life Insurance Co. DFE: Pooled Separate Account $0
Vanguard Total Stock Market Index R Transamerica Life Insurance Co. DFE: Pooled Separate Account $0
American Funds New Perspective Inv Transamerica Life Insurance Co. DFE: Pooled Separate Account $0
American Funds Growth Fund of Ameri Transamerica Life Insurance Co. DFE: Pooled Separate Account $0
Amer Funds Fundamental Investors In Transamerica Life Insurance Co. DFE: Pooled Separate Account $0
Alger Small Cap Growth Ret Opt Transamerica Life Insurance Co. DFE: Pooled Separate Account $0
Amer Cent Inflation-Adj Bond Inv Op Transamerica Life Insurance Co. DFE: Pooled Separate Account $0
Alliancebernstein Intl Value Inv Op Transamerica Life Insurance Co. DFE: Pooled Separate Account $0
Transamerica Partners Stock Index R Transamerica Life Insurance Co. DFE: Pooled Separate Account $0
Wells Fargo Advantage Small Cap Val Transamerica Life Insurance Co. DFE: Pooled Separate Account $0
Oppenheimer Main Street Small- & Mi Transamerica Life Insurance Co. DFE: Pooled Separate Account $0
Thornburg Core Growth Ret Opt Transamerica Life Insurance Co. DFE: Pooled Separate Account $0
Ta Blackrock Lifepath Index 2060 Re Transamerica Life Insurance Co. DFE: Pooled Separate Account $0
Fidelity Adv Leveraged Company Stoc Transamerica Life Insurance Co. DFE: Pooled Separate Account $0
Janus Balanced Ret Opt Transamerica Life Insurance Co. DFE: Pooled Separate Account $0
Janus Overseas Ret Opt Transamerica Life Insurance Co. DFE: Pooled Separate Account $0
Columbia Mid Cap Value Inv Opt Transamerica Life Insurance Co. DFE: Pooled Separate Account $0
Loomis Sayles Investment Grade Bond Transamerica Life Insurance Co. DFE: Pooled Separate Account $0
Neuberger Berman Large Cap Value In Transamerica Life Insurance Co. DFE: Pooled Separate Account $0
Columbia Income Opportunities Inv O Transamerica Life Insurance Co. DFE: Pooled Separate Account $0
Ssga International Index Ret Opt Transamerica Life Insurance Co. DFE: Pooled Separate Account $0
Ta Blackrock Lifepath Index 2020 Re Transamerica Life Insurance Co. DFE: Pooled Separate Account $0
Ta Blackrock Lifepath Index 2025 Re Transamerica Life Insurance Co. DFE: Pooled Separate Account $0
Ta Blackrock Lifepath Index 2030 Re Transamerica Life Insurance Co. DFE: Pooled Separate Account $0
Ta Blackrock Lifepath Index 2035 Re Transamerica Life Insurance Co. DFE: Pooled Separate Account $0
Ta Blackrock Lifepath Index 2040 Re Transamerica Life Insurance Co. DFE: Pooled Separate Account $0
Ta Blackrock Lifepath Index 2045 Re Transamerica Life Insurance Co. DFE: Pooled Separate Account $0
Ta Blackrock Lifepath Index 2050 Re Transamerica Life Insurance Co. DFE: Pooled Separate Account $0
Ta Blackrock Lifepath Index 2055 Re Transamerica Life Insurance Co. DFE: Pooled Separate Account $0
Goldman Sachs Structured Large Cap Transamerica Life Insurance Co. DFE: Pooled Separate Account $0
Total $3,421,713

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Transamerica Financial Life Insurance Co 129
EIN 36-6071399
Industry Code 70688
Contract Number 602315
Contract Year 08/01/2019 — 12/31/2019
Value in General Account at Year End $1,524,653
Value in Separate Accounts at Year End $3,421,713
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 $1,564,364
Contributions Deposited during the year $3,841
Dividends and credits $0
Interest credited during the year $9,894
Transferred from separate account $0
Other $1,550,629
Total of Balance and Additions $1,564,364
Deductions $39,711
Disbursed from fund to pay benefits or purchase annuities during the year $18,278
Administration charge made by carrier $2,727
Transferred to Separate Account $0
Other $18,706
Balance at the end of the current year $1,524,653
Transamerica Life Insurance Company 0
EIN 39-0989781
Industry Code 86231
Contract Number 999319
Contract Year 01/01/2019 — 07/30/2019
Value in General Account at Year End $0
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $5,296
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Axa Network LLC 2550 Interstate Dr Ste 250 Harrisburg, PA 17110 Insurance Agent or Broker $5,296 $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 STABLE VALUE OPTION
Balance at the end of the previous year $1,271,089
Additions $48,526
Contributions Deposited during the year $32,660
Dividends and credits $0
Interest credited during the year $10,626
Transferred from separate account $0
Other $5,240
Total of Balance and Additions $1,319,615
Deductions $1,319,615
Disbursed from fund to pay benefits or purchase annuities during the year $152,399
Administration charge made by carrier $2,130
Transferred to Separate Account $0
Other $1,165,086
Balance at the end of the current year $0