- 50 -
1990 1991 1992 1993 1994
Fund value at yearend$300,000 $304,342 $317,443 $326,944 $338,487
Policy values - 0 - 303,424 316,513 327,064 338,607
Surrender valueN/A 240,440 255,413 269,293 283,222
Additional contribution available - 0 -17,312 29,863 44,164 57,460
Date of report 3/06/9111/16/92 2/23/94 8/15/94 6/28/95
E. Forms 5500-C/R
Forms 5500-C/R filed with the Commissioner on Systems'
account in the Prime Plan reported the following information:
1990 1991 1992 1993 1994
Yearend Assets $300,081 $241,358 $256,343 $269,173$283,102
Income 81 21,588 26,324 26,091 24,134
Expenses - 0 - 80,311 11,339 13,261 10,205
Contributions 300,000 - 0 - - 0 - - 0 - - 0 -
These forms also reported the payment of zero, $38,546, zero,
zero, and zero in insurance commissions during the respective
years.
VIII. On-Site Project Management, Inc. (On-Site)
A. Overview
The Traegdes are husband and wife, and they resided in
Tempe, Arizona, when they petitioned the Court. On-Site is an
S corporation that was incorporated on July 2, 1984. Mr. Traegde
was its president, and he owned 98.4022 percent of its stock on
December 31, 1989. Ms. Traegde was On-Site's vice president, and
she owned the rest of its stock on that date. The 1989 Federal
income tax returns of On-Site and the Traegdes were filed timely.
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