401k Plan data: IRC RETAIL CENTERS, INC. SAVINGS PLAN plan

IRC RETAIL CENTERS, INC. SAVINGS PLAN 401k Plan overview

Plan Name	IRC RETAIL CENTERS, INC. SAVINGS PLAN
Plan identification number	001

IRC RETAIL CENTERS, INC. SAVINGS PLAN Benefits

401k Plan Type

Defined 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.
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.

401k Sponsoring company profile

IRC REAL ESTATE SERVICES CORPORATION has sponsored the creation of one or more 401k plans.

Company Name: IRC REAL ESTATE SERVICES CORPORATION

Employer identification number (EIN): 812040317

NAIC Classification: 531120
NAIC Description: Lessors of Nonresidential Buildings (except Miniwarehouses)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan IRC RETAIL CENTERS, INC. SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2017-01-01 MARY BORFITZ
001 2016-01-01 MARY BORFITZ

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2017-01-01	MARY BORFITZ
001	2016-01-01	MARY BORFITZ

Plan Statistics for IRC RETAIL CENTERS, INC. SAVINGS PLAN

401k plan membership statisitcs for IRC RETAIL CENTERS, INC. SAVINGS PLAN

Measure Date Value
2017: IRC RETAIL CENTERS, INC. SAVINGS PLAN 2017 401k membership
Total participants, beginning-of-year 2017-01-01 187
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 0
Number of retired or separated participants receiving benefits 2017-01-01 0
Number of other retired or separated participants entitled to future benefits 2017-01-01 0
Total of all active and inactive participants 2017-01-01 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-01-01 0
Total participants 2017-01-01 0
Number of participants with account balances 2017-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 0
2016: IRC RETAIL CENTERS, INC. SAVINGS PLAN 2016 401k membership
Total participants, beginning-of-year 2016-01-01 183
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 146
Number of retired or separated participants receiving benefits 2016-01-01 0
Number of other retired or separated participants entitled to future benefits 2016-01-01 41
Total of all active and inactive participants 2016-01-01 187
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2016-01-01 0
Total participants 2016-01-01 187
Number of participants with account balances 2016-01-01 177
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-01-01 13

Measure	Date	Value
2017: IRC RETAIL CENTERS, INC. SAVINGS PLAN 2017 401k membership
Total participants, beginning-of-year	2017-01-01	187
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	0
Number of retired or separated participants receiving benefits	2017-01-01	0
Number of other retired or separated participants entitled to future benefits	2017-01-01	0
Total of all active and inactive participants	2017-01-01	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	0
Total participants	2017-01-01	0
Number of participants with account balances	2017-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	0
2016: IRC RETAIL CENTERS, INC. SAVINGS PLAN 2016 401k membership
Total participants, beginning-of-year	2016-01-01	183
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	146
Number of retired or separated participants receiving benefits	2016-01-01	0
Number of other retired or separated participants entitled to future benefits	2016-01-01	41
Total of all active and inactive participants	2016-01-01	187
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-01-01	0
Total participants	2016-01-01	187
Number of participants with account balances	2016-01-01	177
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-01-01	13

Financial Data on IRC RETAIL CENTERS, INC. SAVINGS PLAN

Measure	Date	Value
2017 : IRC RETAIL CENTERS, INC. SAVINGS PLAN 2017 401k financial data
Total transfer of assets from this plan	2017-12-28	$15,374,561
Total income from all sources (including contributions)	2017-12-28	$4,529,302
Total of all expenses incurred	2017-12-28	$3,184,067
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2017-12-28	$3,152,416
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2017-12-28	$1,841,725
Value of total assets at end of year	2017-12-28	$0
Value of total assets at beginning of year	2017-12-28	$14,029,326
Total of administrative expenses incurred including professional, contract, advisory and management fees	2017-12-28	$31,651
Total interest from all sources	2017-12-28	$37,139
Total dividends received (eg from common stock, registered investment company shares)	2017-12-28	$154,787
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2017-12-28	Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan	2017-12-28	$0
Total dividends received from registered investment company shares (eg mutual funds)	2017-12-28	$154,787
Administrative expenses professional fees incurred	2017-12-28	$9,900
Was this plan covered by a fidelity bond	2017-12-28	Yes
Value of fidelity bond cover	2017-12-28	$1,000,000
If this is an individual account plan, was there a blackout period	2017-12-28	Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2017-12-28	$0
Were there any nonexempt tranactions with any party-in-interest	2017-12-28	No
Contributions received from participants	2017-12-28	$1,179,109
Participant contributions at end of year	2017-12-28	$0
Participant contributions at beginning of year	2017-12-28	$174,818
Participant contributions at end of year	2017-12-28	$0
Participant contributions at beginning of year	2017-12-28	$22,108
Income. Received or receivable in cash from other sources (including rollovers)	2017-12-28	$399,695
Value of other receiveables (less allowance for doubtful accounts) at end of year	2017-12-28	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2017-12-28	$388
Administrative expenses (other) incurred	2017-12-28	$12,951
Total non interest bearing cash at end of year	2017-12-28	$0
Total non interest bearing cash at beginning of year	2017-12-28	$20,599
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2017-12-28	No
Value of net income/loss	2017-12-28	$1,345,235
Value of net assets at end of year (total assets less liabilities)	2017-12-28	$0
Value of net assets at beginning of year (total assets less liabilities)	2017-12-28	$14,029,326
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2017-12-28	No
Were any loans by the plan or fixed income obligations due to the plan in default	2017-12-28	No
Were any leases to which the plan was party in default or uncollectible	2017-12-28	No
Investment advisory and management fees	2017-12-28	$8,800
Value of interest in registered invesment companies (eg mutual funds) at end of year	2017-12-28	$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2017-12-28	$11,805,552
Interest on participant loans	2017-12-28	$8,693
Interest earned on other investments	2017-12-28	$28,446
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2017-12-28	$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2017-12-28	$68,915
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2017-12-28	$68,915
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2017-12-28	$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2017-12-28	$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2017-12-28	$1,934,960
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2017-12-28	$2,495,651
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2017-12-28	No
Was there a failure to transmit to the plan any participant contributions	2017-12-28	No
Has the plan failed to provide any benefit when due under the plan	2017-12-28	No
Contributions received in cash from employer	2017-12-28	$262,921
Employer contributions (assets) at end of year	2017-12-28	$0
Employer contributions (assets) at beginning of year	2017-12-28	$1,986
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2017-12-28	$3,152,416
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2017-12-28	Yes
Did the plan have assets held for investment	2017-12-28	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2017-12-28	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2017-12-28	Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2017-12-28	Yes
Opinion of an independent qualified public accountant for this plan	2017-12-28	Disclaimer
Accountancy firm name	2017-12-28	SIKICH, LLP
Accountancy firm EIN	2017-12-28	363168081
2016 : IRC RETAIL CENTERS, INC. SAVINGS PLAN 2016 401k financial data
Total income from all sources (including contributions)	2016-12-31	$2,358,928
Total of all expenses incurred	2016-12-31	$1,287,583
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2016-12-31	$1,255,629
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2016-12-31	$1,382,994
Value of total assets at end of year	2016-12-31	$14,029,326
Value of total assets at beginning of year	2016-12-31	$12,957,981
Total of administrative expenses incurred including professional, contract, advisory and management fees	2016-12-31	$31,954
Total interest from all sources	2016-12-31	$36,055
Total dividends received (eg from common stock, registered investment company shares)	2016-12-31	$128,222
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2016-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2016-12-31	$128,222
Administrative expenses professional fees incurred	2016-12-31	$9,500
Was this plan covered by a fidelity bond	2016-12-31	Yes
Value of fidelity bond cover	2016-12-31	$1,000,000
If this is an individual account plan, was there a blackout period	2016-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2016-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2016-12-31	No
Contributions received from participants	2016-12-31	$1,097,472
Participant contributions at end of year	2016-12-31	$174,818
Participant contributions at beginning of year	2016-12-31	$253,064
Participant contributions at end of year	2016-12-31	$22,108
Income. Received or receivable in cash from other sources (including rollovers)	2016-12-31	$24,707
Value of other receiveables (less allowance for doubtful accounts) at end of year	2016-12-31	$388
Administrative expenses (other) incurred	2016-12-31	$15,854
Total non interest bearing cash at end of year	2016-12-31	$20,599
Total non interest bearing cash at beginning of year	2016-12-31	$9,862
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2016-12-31	No
Value of net income/loss	2016-12-31	$1,071,345
Value of net assets at end of year (total assets less liabilities)	2016-12-31	$14,029,326
Value of net assets at beginning of year (total assets less liabilities)	2016-12-31	$12,957,981
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2016-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2016-12-31	No
Were any leases to which the plan was party in default or uncollectible	2016-12-31	No
Investment advisory and management fees	2016-12-31	$6,600
Value of interest in registered invesment companies (eg mutual funds) at end of year	2016-12-31	$11,805,552
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2016-12-31	$10,862,118
Value of interest in pooled separate accounts at beginning of year	2016-12-31	$0
Interest on participant loans	2016-12-31	$8,203
Interest earned on other investments	2016-12-31	$27,852
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2016-12-31	$68,915
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2016-12-31	$35,101
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2016-12-31	$35,101
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2016-12-31	$1,934,960
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2016-12-31	$1,797,836
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2016-12-31	$811,657
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2016-12-31	No
Was there a failure to transmit to the plan any participant contributions	2016-12-31	No
Has the plan failed to provide any benefit when due under the plan	2016-12-31	No
Contributions received in cash from employer	2016-12-31	$260,815
Employer contributions (assets) at end of year	2016-12-31	$1,986
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2016-12-31	$1,255,629
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2016-12-31	No
Did the plan have assets held for investment	2016-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2016-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2016-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2016-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2016-12-31	Disclaimer
Accountancy firm name	2016-12-31	SIKICH, LLP
Accountancy firm EIN	2016-12-31	363168081

Form 5500 Responses for IRC RETAIL CENTERS, INC. SAVINGS PLAN

2017: IRC RETAIL CENTERS, INC. SAVINGS PLAN 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	This submission is the final filing	Yes
2017-01-01	This return/report is a short plan year return/report (less than 12 months)	Yes
2017-01-01	Plan funding arrangement – Insurance	Yes
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement – Insurance	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes
2016: IRC RETAIL CENTERS, INC. SAVINGS PLAN 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	Plan funding arrangement – Insurance	Yes
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement – Insurance	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

NEW YORK LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66915 )

Policy contract number

QK62961

Policy instance

Insurance contract or identification number	QK62961
Number of Individuals Covered	0
Insurance policy start date	2017-01-01
Insurance policy end date	2017-12-28
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

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Company Name:	IRC REAL ESTATE SERVICES CORPORATION
Employer identification number (EIN):	812040317
NAIC Classification:	531120
NAIC Description:	Lessors of Nonresidential Buildings (except Miniwarehouses)