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LIBERTY UTILITIES 401(K) PLAN 401k Plan overview

Plan NameLIBERTY UTILITIES 401(K) PLAN
Plan identification number 005

LIBERTY UTILITIES 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • 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.
  • 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.
  • 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 contribtions 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

LIBERTY UTILITIES CO. has sponsored the creation of one or more 401k plans.

Company Name:LIBERTY UTILITIES CO.
Employer identification number (EIN):274444001
NAIC Classification:221100

Form 5500 Filing Information

Submission information for form 5500 for 401k plan LIBERTY UTILITIES 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0052015-01-01JANET COREY JANET COREY2016-10-14
0052014-01-01JANET COREY JANET COREY2015-10-15
0052013-01-01JANET COREY JANET COREY2015-07-23

Plan Statistics for LIBERTY UTILITIES 401(K) PLAN

401k plan membership statisitcs for LIBERTY UTILITIES 401(K) PLAN

Measure Date Value
2015: LIBERTY UTILITIES 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01845
Total number of active participants reported on line 7a of the Form 55002015-01-01855
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-01142
Total of all active and inactive participants2015-01-01997
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-01997
Number of participants with account balances2015-01-01842
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: LIBERTY UTILITIES 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01539
Total number of active participants reported on line 7a of the Form 55002014-01-01711
Number of retired or separated participants receiving benefits2014-01-012
Number of other retired or separated participants entitled to future benefits2014-01-01116
Total of all active and inactive participants2014-01-01829
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-011
Total participants2014-01-01830
Number of participants with account balances2014-01-01672
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: LIBERTY UTILITIES 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-01320
Total number of active participants reported on line 7a of the Form 55002013-01-01371
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-0143
Total of all active and inactive participants2013-01-01414
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-01414
Number of participants with account balances2013-01-01414
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010

Financial Data on LIBERTY UTILITIES 401(K) PLAN

Measure Date Value
2015 : LIBERTY UTILITIES 401(K) PLAN 2015 401k financial data
Total transfer of assets to this plan2015-12-31$13,986,804
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$112,425
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$9,477
Total income from all sources (including contributions)2015-12-31$6,371,201
Total of all expenses incurred2015-12-31$6,721,296
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$6,477,124
Expenses. Certain deemed distributions of participant loans2015-12-31$47,641
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$6,138,155
Value of total assets at end of year2015-12-31$63,620,603
Value of total assets at beginning of year2015-12-31$49,880,946
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$196,531
Total interest from all sources2015-12-31$47,640
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$68,184
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2015-12-31$68,184
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$10,000,000
If this is an individual account plan, was there a blackout period2015-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$4,037,080
Participant contributions at end of year2015-12-31$1,699,790
Participant contributions at beginning of year2015-12-31$1,137,255
Participant contributions at end of year2015-12-31$14,166
Participant contributions at beginning of year2015-12-31$6,468
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$235,111
Value of other receiveables (less allowance for doubtful accounts) at end of year2015-12-31$62,023
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2015-12-31$48,963
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2015-12-31$112,425
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2015-12-31$9,477
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$-350,095
Value of net assets at end of year (total assets less liabilities)2015-12-31$63,508,178
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$49,871,469
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Investment advisory and management fees2015-12-31$196,531
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$55,591,839
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$44,570,466
Interest on participant loans2015-12-31$47,640
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2015-12-31$6,240,464
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2015-12-31$4,021,409
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$117,222
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31Yes
Has the plan failed to provide any benefit when due under the plan2015-12-31Yes
Contributions received in cash from employer2015-12-31$1,865,964
Employer contributions (assets) at end of year2015-12-31$12,321
Employer contributions (assets) at beginning of year2015-12-31$96,385
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$6,477,124
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31PICKETT, CHANEY & MCMULLEN LLP
Accountancy firm EIN2015-12-31481246310
2014 : LIBERTY UTILITIES 401(K) PLAN 2014 401k financial data
Total transfer of assets to this plan2014-12-31$17,655,370
Total transfer of assets from this plan2014-12-31$1,145
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$9,477
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total income from all sources (including contributions)2014-12-31$7,515,556
Total of all expenses incurred2014-12-31$3,531,726
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$3,359,588
Expenses. Certain deemed distributions of participant loans2014-12-31$34,145
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$5,011,334
Value of total assets at end of year2014-12-31$49,880,946
Value of total assets at beginning of year2014-12-31$28,233,414
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$137,993
Total interest from all sources2014-12-31$45,898
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$42,167
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2014-12-31$42,167
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$10,000,000
If this is an individual account plan, was there a blackout period2014-12-31No
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Contributions received from participants2014-12-31$2,817,052
Participant contributions at end of year2014-12-31$1,137,255
Participant contributions at beginning of year2014-12-31$849,179
Participant contributions at end of year2014-12-31$6,468
Participant contributions at beginning of year2014-12-31$1,132
Income. Received or receivable in cash from other sources (including rollovers)2014-12-31$875,356
Value of other receiveables (less allowance for doubtful accounts) at end of year2014-12-31$48,963
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2014-12-31$9,477
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$3,983,830
Value of net assets at end of year (total assets less liabilities)2014-12-31$49,871,469
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$28,233,414
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Investment advisory and management fees2014-12-31$137,993
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$44,570,466
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$25,437,772
Interest on participant loans2014-12-31$45,898
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2014-12-31$4,698
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2014-12-31$4,698
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2014-12-31$4,021,409
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2014-12-31$1,895,301
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$2,416,157
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
Was there a failure to transmit to the plan any participant contributions2014-12-31Yes
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Contributions received in cash from employer2014-12-31$1,318,926
Employer contributions (assets) at end of year2014-12-31$96,385
Employer contributions (assets) at beginning of year2014-12-31$45,332
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$3,359,588
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31Yes
Opinion of an independent qualified public accountant for this plan2014-12-31Disclaimer
Accountancy firm name2014-12-31PICKETT, CHANEY & MCMULLEN LLP
Accountancy firm EIN2014-12-31481246310
2013 : LIBERTY UTILITIES 401(K) PLAN 2013 401k financial data
Total transfer of assets to this plan2013-12-31$17,078,869
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total income from all sources (including contributions)2013-12-31$12,295,019
Total of all expenses incurred2013-12-31$1,140,474
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$1,075,874
Expenses. Certain deemed distributions of participant loans2013-12-31$47,334
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$9,557,088
Value of total assets at end of year2013-12-31$28,233,414
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$17,266
Total interest from all sources2013-12-31$37,491
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$31,406
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2013-12-31$31,406
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$10,000,000
If this is an individual account plan, was there a blackout period2013-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Contributions received from participants2013-12-31$1,977,619
Participant contributions at end of year2013-12-31$849,179
Participant contributions at end of year2013-12-31$1,132
Income. Received or receivable in cash from other sources (including rollovers)2013-12-31$6,662,820
Administrative expenses (other) incurred2013-12-31$17,266
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$11,154,545
Value of net assets at end of year (total assets less liabilities)2013-12-31$28,233,414
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-12-31$25,437,772
Interest on participant loans2013-12-31$37,490
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2013-12-31$4,698
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2013-12-31$1
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2013-12-31$1,895,301
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-12-31$2,669,034
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31No
Was there a failure to transmit to the plan any participant contributions2013-12-31Yes
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Contributions received in cash from employer2013-12-31$916,649
Employer contributions (assets) at end of year2013-12-31$45,332
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$1,075,874
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31Yes
Opinion of an independent qualified public accountant for this plan2013-12-31Disclaimer
Accountancy firm name2013-12-31CHIAMPOU TRAVIS BESAW KERSHNER LLP
Accountancy firm EIN2013-12-31161468002

Form 5500 Responses for LIBERTY UTILITIES 401(K) PLAN

2015: LIBERTY UTILITIES 401(K) PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – InsuranceYes
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement – InsuranceYes
2015-01-01Plan benefit arrangement - TrustYes
2014: LIBERTY UTILITIES 401(K) PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – InsuranceYes
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement – InsuranceYes
2014-01-01Plan benefit arrangement - TrustYes
2013: LIBERTY UTILITIES 401(K) PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01First time form 5500 has been submittedYes
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – InsuranceYes
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement – InsuranceYes
2013-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract number872446
Policy instance 1
Insurance contract or identification number872446
Number of Individuals Covered836
Insurance policy start date2015-01-01
Insurance policy end date2015-12-31
Total amount of commissions paid to insurance brokerUSD $74,362
Total amount of fees paid to insurance companyUSD $38,949
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $74,362
Insurance broker organization code?3
Amount paid for insurance broker fees38949
Additional information about fees paid to insurance brokerTHIRD PARTY ADMINISTRATION
Insurance broker nameACTUARIAL CONSULTING SERVICES, INC.
VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract number872446
Policy instance 1
Insurance contract or identification number872446
Number of Individuals Covered655
Insurance policy start date2014-01-01
Insurance policy end date2014-12-31
Total amount of commissions paid to insurance brokerUSD $99,994
Total amount of fees paid to insurance companyUSD $0
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $99,994
Insurance broker organization code?3
Insurance broker nameROYAL ALLIANCE ASSOCIATES INC
VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract number872446
Policy instance 1
Insurance contract or identification number872446
Number of Individuals Covered407
Insurance policy start date2013-01-01
Insurance policy end date2013-12-31
Total amount of commissions paid to insurance brokerUSD $68,814
Total amount of fees paid to insurance companyUSD $0
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $68,814
Amount paid for insurance broker fees0
Insurance broker organization code?4
Insurance broker nameROYAL ALLIANCE ASSOCIATES INC

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