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FORM 5500 DATA

O'Brien Automotive Team 401k Plan

Overview

Plan Information

  • Plan Year01/01/2017 — 12/31/2017
  • Date of Plan01/01/1995
  • Net Assets as of 12/31/2017 $6,018,344
  • Plan Number333
  • 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 12/31/2017

  • Active (Eligible) Participants228
  • Retired or separated participants receiving benefits3
  • Other retired or separated participants entitled to future benefits22
  • Subtotal253
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits1
  • Total254
  • Total number of participants as of 01/01/2017267
  • Number of participants with account balances161
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested7

Expenses

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

Sponsor Information

  • Address1601 Ft. Jesse Road Suite 200
  • CityNormal
  • StateIL
  • Zip61761
  • Telephone(309) 454-1222
  • EIN01-0631714
  • Industry Code441110
  • Named AdministratorJoe O'Brien

Audit Information

  • Audit StatusAudited
  • AuditorBoyer & Ritter
  • Auditor EIN23-1311005
  • 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.
3H Controlled Group Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

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 $50,935
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 $1,584,383
Contributions $741,451
Cash Contributions $741,451
Cash from Employers $61,528
Cash from Participants $496,243
Others (including rollovers) $183,680
Noncash Contributions $0
Total Earnings on Investments $842,932
Total Interest $3,347
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $2,193
Interest from Other Investments $1,154
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 $602,592
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 $236,993
Other Income $0
Expenses $582,327
Total Benefit Payments $557,068
Directly to participants or beneficiaries, including direct rollovers $557,068
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $16,744
Certain deemed distributions of participant loans $4,186
Interest expense $0
Total Administrative Expenses $4,329
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $2,812
Other Administrative Fees $1,517
Net Income $1,002,056
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $1,045,380

Asset and Liability Statement

12/31/2017 12/31/2016 Change YOY
Total Assets $6,018,344 $6,061,668 -0.71%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $62,148 $58,584 6.08%
Employer Contributions $60,794 $54,416 11.72%
Participant Contributions $1,354 $4,168 -67.51%
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 $74,828 $87,578 -14.56%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $5,637,379 $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 $5,915,506 -100.00%
Value of funds held in insurance co. general account $243,989 $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 $6,018,344 $6,061,668 -0.71%

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 Recordkeeper $1,517 $0 $1,517
Total $1,517 $0 $1,517

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
Vanguard Lifestrategy Growth Ret Ac Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $1,620,176
Columbia Balanced Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $1,473,227
Wells Fargo Adv Special Mid Cap Val Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $857,456
Vanguard Total Stock Market Index R Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $422,380
Hartford International Opps Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $266,716
Blackrock Total Return Ret Acct Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $244,589
American Funds Growth Fund of Ameri Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $160,281
American Funds 2035 Target Date Ret Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $153,230
Vanguard Lifestrat Conser Growth Re Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $112,066
Vanguard Small-Cap Index Ret Acct Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $101,223
American Funds 2020 Target Date Ret Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $54,626
American Funds 2050 Target Date Ret Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $43,665
American Funds 2045 Target Date Ret Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $41,034
American Funds 2055 Target Date Ret Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $30,978
Americans New World Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $18,626
Invesco Diversified Dividend Ret Ac Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $13,773
American Funds 2025 Target Date Ret Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $8,210
American Funds 2015 Target Date Ret Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $4,416
Alliancebern Global Bond Ret Acct Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $3,753
American Funds 2030 Target Date Ret Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $3,427
American Funds 2040 Target Date Ret Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $2,509
Goldman Sachs Intnl Small Cap Insig Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $230
Invesco Convertible Securities Ret Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $202
Ta Vanguard Real Estate Index Ret A Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $180
Federated Institutional High Yield Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $168
Dfa Infl-Protected Sec Portfolio Re Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $125
Columbia Us Government Mortgage Ret Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $113
Janus Enterprise Transamerica Financial Life Ins. Co. DFE: Pooled Separate Account $0
Total $5,637,379

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Transamerica Financial Life Insurance Company 161
EIN 36-6071399
Industry Code 70688
Contract Number 932460
Contract Year 04/18/2017 — 12/31/2017
Value in General Account at Year End $243,989
Value in Separate Accounts at Year End $5,637,379
Insurance Fees and Commissions $11,258
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Nfp Insurance Services, Inc Dean J Clune Austin, TX 78746 Insurance Agent or Broker $11,258 $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 $0
Additions $257,093
Contributions Deposited during the year $3,049
Dividends and credits $0
Interest credited during the year $1,155
Transferred from separate account $232,370
Other $20,519
Total of Balance and Additions $257,093
Deductions $13,104
Disbursed from fund to pay benefits or purchase annuities during the year $5,612
Administration charge made by carrier $0
Transferred to Separate Account $4,655
Other $2,837
Balance at the end of the current year $243,989