<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 11-K
(Mark One)
[X] ANNUAL REPORT PURSUANT TO SECTION 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended February 28, 1999
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from __________ to __________
Commission File No. 0-14749
ROCKY MOUNTAIN CHOCOLATE FACTORY, INC.
401(K) PLAN
(FULL TITLE OF PLAN AND ADDRESS OF PLAN IF DIFFERENT
FROM THAT OF ISSUER NAMED BELOW)
ROCKY MOUNTAIN CHOCOLATE FACTORY, INC.
265 Turner Drive
Durango, Colorado 81301
(NAME OF ISSUER OF SECURITIES HELD PURSUANT TO THE PLAN
AND THE ADDRESS OF ITS PRINCIPAL EXECUTIVE OFFICE)
<PAGE>
REQUIRED INFORMATION
The report filed as Exhibit 1 hereto (the "Plan Information") is
incorporated by reference herein in satisfaction of the financial statement
requirements of Form 11-K pursuant to Item 4 of Form 11-K. The Plan
Information has been prepared in accordance with the financial reporting
requirements of ERISA. ERISA (without regard to the limited scope exemption
contained in Section 103(a)(3)(C) thereof) does not require the Plan
Information to be examined by an independent accountant.
EXHIBITS
<TABLE>
<CAPTION>
Exhibit
Number Description
- ------- -----------
<S> <C>
1 Return/Report of the Plan on Form 5500-R for the year ended
February 28, 1999
2 Form of Rocky Mountain Chocolate Factory, Inc. 401(k) Plan
(incorporated by reference to Exhibit 4.1 to the Company's
Registration Statement on Form S-8 (Registration No. 33-79342)
filed on May 25, 1994).
</TABLE>
2
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Administrator of the Rocky Mountain Chocolate Factory, Inc. 401(k) Plan has
duly caused this annual report to be signed on its behalf by the undersigned
hereunto duly authorized.
ROCKY MOUNTAIN CHOCOLATE FACTORY, INC.
401(K) PLAN
By: Rocky Mountain Chocolate Factory, Inc.,
Plan Administrator
Date: August 27, 1999 By:
------------------------------------------
Bryan J. Merryman, Vice President-Finance,
Chief Operating Officer, Chief Financial
Officer and Director
3
<PAGE>
INDEX TO EXHIBITS
<TABLE>
<CAPTION>
Exhibit
Number Description
- -------- -----------
<S> <C>
1 Return/Report of the Plan on Form 5500-R for the year ended
February 28, 1999
2 Form of Rocky Mountain Chocolate Factory, Inc. 401(k) Plan
(incorporated by reference to Exhibit 4.1 to the Company's
Registration Statement on Form S-8 (Registration No. 33-79342)
filed on May 25, 1994).
</TABLE>
4
<PAGE>
<TABLE>
<S><C>
Form 5500-C/R RETURN/REPORT OF EMPLOYEE BENEFIT PLAN OMB Nos. 1210-0016
1210-0089
Department of the Treasury (WITH FEWER THAN 100 PARTICIPANTS) -------------------
Internal Revenue Service THIS FORM IS REQUIRED TO BE FILED UNDER SECTIONS 1998
___________ 104 AND 4065 OF THE EMPLOYEE RETIREMENT INCOME --------------------
SECURITY ACT OF 1974 AND SECTIONS 6039D, 6047(e),
Department of Labor 6057(b), AND 6058(a) OF THE INTERNAL REVENUE CODE. THIS FORM IS OPEN TO
Pension and Welfare Benefits PUBLIC INSPECTION
Administration --------------------
___________
Pension Benefit SEE SEPARATE INSTRUCTIONS.
Guaranty Corporation
- ---------------------------------------------------------------------------------------------------------------------
FOR THE CALENDAR PLAN YEAR 1998 OR FISCAL PLAN YEAR BEGINNING MARCH 1, 1998, AND ENDING FEBRUARY 28, 1999
- ---------------------------------------------------------------------------------------------------------------------
If A(1) through A(4), B, C, and/or D do not apply to this year's FOR IRS USE ONLY
return/report, leave the boxes unmarked. EP-ID
YOU MUST CHECK EITHER BOX A(5) OR A(6), WHICHEVER IS APPLICABLE.
SEE INSTRUCTIONS.
A This return/report is: (1)/ / the first return/report filed for the plan; (5) FORM 5500-C FILER CHECK HERE........... / /
(2)/ / an amended return/report; (Complete only pages 1 and 3 through 6.) (Code
(3)/ / the final return/report filed for the plan; or section 6039D filers see instructions on page 5.)
(4)/ / a short plan year return/report (less than (6) FORM 5500-R FILER CHECK HERE........... /X/
12 months). (Complete only pages 1 and 2. Detach pages 3
through 6 before filing.) If you checked box
(1) or (3), you must file a Form 5500-C. (See
page 5 of the instructions.)
B Check here if any information reported in 1a, 2a, 2b, or 5a changed since the last return/report for this plan......... / /
C If your plan year changed since the last return/report, check here..................................................... / /
D If you filed for an extension of time to file this return/report, check here and attach a copy of
the extension........................................................................................................ / /
- -------------------------------------------------------------------------------------------------------------------------
1a Name and address of plan sponsor (employer, if for a single-employer plan) 1b Employer identification number (EIN)
(Address should include room or suite no.) 84 0910696
--------------------------------------------
ROCKY MOUNTAIN CHOCOLATE FACTORY, INC. 1c Sponsor's telephone number
265 TURNER DRIVE 970-247-4943
DURANGO, CO 81301 ---------------------------------------------
1d Business code (see instructions, page 18)
311300
---------------------------------------------
1e CUSIP issuer number
N/A
- ----------------------------------------------------------------------------------------------------------------------------------
2a Name and address of plan administrator (if same as plan sponsor, enter "Same") 2b Administrator's EIN
SAME
---------------------------------------------
2c Administrator's telephone number
- ----------------------------------------------------------------------------------------------------------------------------------
3 If the name, address, and EIN of the plan sponsor or plan administrator has changed since the last return/report filed for
this plan, enter the information from the last return/report in lines 3a and/or 3b and complete line 3c.
a Sponsor ________________________________________________________________________ EIN _______________ Plan number ____________
b Administrator __________________________________________________________________ EIN ________________________________________
c If line 3a indicates a change in the sponsor's name, address, and EIN, is this a change in sponsorship only? (See line 3c on
page 8 of the instructions for the definition of sponsorship.) Enter "Yes" or "No."
- ----------------------------------------------------------------------------------------------------------------------------------
4 ENTITY CODE. (If not shown, enter the applicable code from page 8 of the instructions.) A
- ----------------------------------------------------------------------------------------------------------------------------------
5a Name of plan ROCKY MOUNTAIN CHOCOLATE FACTORY, INC. 401(K) PLAN 5b Effective date of plan (mo., day, yr.)
---------------------------------------------------------------- 6-01-94
- ------------------------------------------------------------------------------------- -------------------------------------------
5c Three-digit
- -------------------------------------------------------------------------------------
ALL FILERS MUST COMPLETE 6a THROUGH 6d, AS APPLICABLE plan number 001
6a / / Welfare benefit plan 6b / X / Pension benefit plan --------------------------------------------
(Enter the applicable codes from page 9 of the instructions in the boxes.) ) 2
) --------------------------------------------
--------------------------------------------
6c Pension plan features. (Enter the applicable pension plan feature codes
from page 9 of the instructions in the boxes.) --------------------------------------------
C G K
--------------------------------------------
6d / / Fringe benefit plan. Attach Schedule F (Form 5500). See instructions.
- ----------------------------------------------------------------------------------------------------------------------------------
Caution: A PENALTY FOR THE LATE OR INCOMPLETE FILING OF THIS RETURN/REPORT WILL BE ASSESSED UNLESS REASONABLE CAUSE IS
ESTABLISHED
- ----------------------------------------------------------------------------------------------------------------------------------
Under penalties of perjury and other penalties set forth in the instructions, I declare that I have examined this
return/report, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct,
and complete.
Signature of employer/plan sponsor /s/ Bryan J. Merryman Date 8/25/99
---------------------------------------------------------- -------------------------------
Type or print name of individual signing above Bryan J. Merryman COO & CFO
----------------------------------------------------------------------------------
Signature of plan administrator /s/ Bryan J. Merryman Date 8/25/99
---------------------------------------------------------- -------------------------------
Type or print name of individual signing above Bryan J. Merryman COO & CFO
----------------------------------------------------------------------------------
__________________________________________________________________________________________________________________________________
FOR PAPERWORK REDUCTION ACT NOTICE, SEE THE INSTRUCTIONS FOR FORM 5500-C/R. Cat. No. 10957K Form 5500-C/R (1998)
</TABLE>
<PAGE>
Rocky Mountain Chocolate Factory, Inc. 84-0910696
<TABLE>
<S><C>
Form 5500-C/R (1998) FORM 5500-R FILERS, COMPLETE PAGES 1 AND 2 ONLY. FORM 5500-C FILERS, COMPLETE PAGE 1, SKIP PAGE 2,
AND COMPLETE PAGES 3 THROUGH 6. Page 2
- ------------------------------------------------------------------------------------------------------------------------------------
6e Check investment arrangement(s):
(1) / / Master trust (2) / / Common/Collective trust (3) /X/ Pooled separate account YES NO
- ------------------------------------------------------------------------------------------------------------------------------------
7a Total participants: (1) At the beginning of plan year 112 (2) At the end of plan year 116
---------- --------
b Enter number of participants with account balances at the end of the plan year (defined benefit plans do
not complete this item) 91
------
c (1) Were any participants in the pension benefit plan separated from service with a deferred vested benefit
for which a Schedule SSA (Form 5500) is required to be attached? (See instructions.).................. 7c(1) X
--------------------
(2) If "Yes," enter the number of separated participants required to be reported
- ------------------------------------------------------------------------------------------------------------------------------------
8a Was this plan terminated during this plan year or any prior plan year? If "Yes," enter the year
---------- 8a X
b Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan,
or brought under the control of PBGC? 8b X
c If line 8a is "Yes" and the plan is covered by PBGC, is the plan continuing to file PBGC Form 1 and pay
premiums until the end of the plan year in which assets are distributed or brought under the control
of PBGC? 8c
- ------------------------------------------------------------------------------------------------------------------------------------
9 Is this a plan established or maintained pursuant to one or more collective bargaining agreements?........ 9 X
- ------------------------------------------------------------------------------------------------------------------------------------
10 If any benefits are provided by an insurance company, insurance service, or similar organization, enter
the number of Schedules A (Form 5500), Insurance Information, that are attached. If none, enter -0-. 1
- ------------------------------------------------------------------------------------------------------------------------------------
11a (1) Were any plan amendments adopted during this plan year?...............................................11a(1) X
(2) Enter the date the most recent amendment was adopted Month 5 Day 27 Year 94
b If the line 11a is "Yes," did any amendment result in a retroactive reduction of accrued benefits for
any participant?..........................................................................................11b
c If line 11a is "Yes," did any amendment change the information contained in the latest summary plan
description or summary description of modifications available at the time of the amendment?...............11c
d If line 11c is "Yes," has a summary plan description or summary description of modifications that reflects
the plan amendments referred to on line 11c been furnished to participants? (see instructions)............11d
- ------------------------------------------------------------------------------------------------------------------------------------
12a If this is a pension benefit plan subject to the minimum funding standards, has the plan experienced a
funding deficiency for this plan year? (See instructions.)................................................12a X
b If line 12a is "Yes," have you filed Form 5330 to pay the excise tax?.....................................12b
c Is the plan administrator making an election under section 412(c)(8) for an amendment adopted after the
end of the plan year? (See instructions.).................................................................12c X
d If a change in the actuarial funding method was made for the plan year pursuant to a Revenue Procedure
providing automatic approval for the change, indicate whether the plan sponsor/administrator agrees
to the change.............................................................................................12d
- ------------------------------------------------------------------------------------------------------------------------------------
13a Total plan assets as of the beginning 495,334 and end 619,640 of the plan year
b Total liabilities as of the beginning 0 and end 0 of the plan year
c Net assets as of the beginning 495,334 and end 619,640 of the plan year
- ------------------------------------------------------------------------------------------------------------------------------------
14 For this plan year, enter: a Plan income 194,391 d Plan contributions 213,762
b Expenses 70,085 e Total benefits paid 69,973
c Net income (loss)(subtract 14b from 14a) 124,306
- ------------------------------------------------------------------------------------------------------------------------------------
15 You may NOT use N/A in response to lines 15a through 15o. If you check "Yes," you must enter a dollar YES NO AMOUNT
amount in the amount column. DURING THIS PLAN YEAR:
a Was this plan covered by a fidelity bond?............................................................ 15a X 50,000
b If line 15a is "Yes," enter the name of the surety company Hartford Fire Insurance Co.
c Was there any loss to the plan, whether or not reimbursed, caused by fraud or dishonesty?............ 15c X
d Was there any sale, exchange, or lease of any property between the plan and the employer, any
fiduciary, any of the five most highly paid employees of the employer, any owner of a 10% or more
interest in the employer, or relatives of any such persons?.......................................... 15d X
e Was there any loan or extension of credit by the plan to the employer, any fiduciary, any of the
five most highly paid employees of the employer, any owner of a 10% or more interest in the
employer, or relatives of any such persons?.......................................................... 15e X
f Did the plan acquire or hold any employer security or employer real property?........................ 15f X 158,528
g Has the plan granted an extension on any delinquent loan owed to the plan?........................... 15g X
h Were any participant contributions transmitted to the plan more than 31 days after receipt or
withholding by the employer?......................................................................... 15h X
i Were any loans by the plan or fixed income obligations due the plan classified as uncollectible
or in default as of the close of the plan year?...................................................... 15i X
j Has any plan fiduciary had a financial interest in excess of 10% in any party providing services to
the plan or received anything of value from any such party?.......................................... 15j X
k Did the plan at any time hold 20% or more of its assets in any single security, debt, mortgage,
parcel of real estate, or partnership/joint venture interests?....................................... 15k X 158,528
l Did the plan at any time engage in any transaction or series of related transactions involving 20%
or more of the current value of plan assets?......................................................... 15l X
m Were there any noncash contributions made to the plan the value of which was set without an appraisal
by an independent third party?....................................................................... 15m X
n Were there any purchases of nonpublicly traded securities by the plan the value of which was set
without an appraisal by an independent third party?.................................................. 15n X
o Has the plan reduced or failed to provide any benefit when due under the plan because of
insufficient assets?................................................................................. 15o X
- ------------------------------------------------------------------------------------------------------------------------------------
16a Is the plan covered under the Pension Benefit Guaranty Corporation termination insurance
program? / / Yes /X/ No / / Not determined
b If line 16a is "Yes" or "Not determined," enter the employer identification number and the plan number used to identify it.
Employer identification number Plan number
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
[LOGO] 12/31/1998 FUND STATEMENT
POOLED SEPARATE ACCOUNT-
MONEY MARKET
<TABLE>
<CAPTION>
BALANCE SHEET
- ---------------------------------------------------
ASSETS
<S> <C>
Bonds $1,620,925,341
Bank Deposits 341,048
Receivable From Principal Life
Insurance Company 34,050,059
--------------
Total Assets $1,655,316,448
--------------
--------------
LIABILITIES
Unallocated Reserves $1,655,010,165
Remitted & Items Not Allocated 306,283
--------------
Total Liabilities 1,655,316,448
Surplus 0
--------------
Total Liabilities and Surplus $1,655,316,448
--------------
--------------
</TABLE>
<TABLE>
<CAPTION>
SUMMARY OF CHANGES IN NET RESERVES
- -----------------------------------------------------------------------------------
OPERATIONS
- -----------------------------------------------------------------------------------
<S> <C> <C>
Investment Income:
Interest Income $ 81,147,574
Expenses:
Management Fees 7,921,494
-------------
Net Increase (Decrease) in Net Reserves
Resulting From Operations 73,226,080
Customer Unit Transactions:
Deposits and Net Transfers 705,716,933
Annuity and Benefit Payments (251,882,018)
Funds Withdrawn (200,940,728)
Plan Expenses (4,808,757)
------------
Net Increase (Decrease) in Net Reserves
Resulting from Unit Transactions 248,085,430
-------------
Total Increase (Decrease) in Reserves $ 321,311,510
-------------
-------------
</TABLE>
The pooled fund statements were prepared from the statutory-basis statements
of the Separate Accounts of the Principal Life Insurance Company.
Principal Life Insurance Company, Des Moines, Iowa 50392-0001
<PAGE>
[LOGO] 12/31/1998 FUND STATEMENT
POOLED SEPARATE ACCOUNT-
BOND & MORTGAGE
<TABLE>
<CAPTION>
BALANCE SHEET
- ---------------------------------------------------------------
ASSETS
<S> <C>
Bonds $ 2,173,289,236
Preferred Stock 13,791,809
Mortgage Loans 715,283,958
Real Estate 27,834,027
Bank Deposits 3,664,093
Adjustments to Investments
to Reflect Market Value 116,993,554
Investment Income Due & Accrued 32,815,059
Prepaid Expenses and Taxes 10,613
Receivable From Principal Life
Insurance Company 21,856,888
---------------
Total Assets $ 3,105,539,237
---------------
---------------
LIABILITIES
Unallocated Reserves $ 3,037,286,799
Expenses & Taxes Due and Accrued 10,677
Unearned Investment Income 222,873
Remitted & Items Not Allocated 3,407,579
Payable for Investments Purchased 63,202,696
Rental Guarantee Agreement 16,631
Security Deposits Retained by
Principal Life Insurance Company 1,391,982
---------------
Total Liabilities $ 3,105,539,237
Surplus 0
---------------
Total Liabilities and Surplus $ 3,105,539,237
---------------
---------------
</TABLE>
<TABLE>
<CAPTION>
SUMMARY OF CHANGES IN NET RESERVES
- -----------------------------------------------------------------------------------
OPERATIONS
- -----------------------------------------------------------------------------------
<S> <C> <C>
Investment Income:
Dividend Income 1,051,746
Interest Income 190,334,327
Rental Income 4,184,052
Investment Fee Income 281,008
Change In Investment Income
Earned But Not Collected 7,012,500
Unearned Investment Income 222,873
------------
Total Income $ 203,086,506
Expenses:
Management Fees 15,327,551
Real Estate Expenses 999,122
Taxes 438,816
Other 735,901 17,501,390
------------ -------------
Net Investment Income 185,585,116
Realized and Unrealized Gain (Loss):
Realized Gain (Loss) 11,201,856
Change in Net Unrealized
Appreciation/Depreciation
of Investments 15,255,064
------------
Net Gain (Loss) 26,456,920
-------------
Net Increase (Decrease) in Net Reserves
Resulting From Operations 212,042,036
Customer Unit Transactions:
Deposits and Net Transfers 676,096,945
Annuity and Benefit Payments (185,198,262)
Funds Withdrawn (187,187,635)
Plan Expenses (4,341,875)
------------
Net Increase (Decrease) in Net Reserves
Resulting From Unit Transactions 299,369,173
-------------
Total Increase (Decrease) in Reserves $ 511,411,209
-------------
-------------
</TABLE>
The pooled fund statements were prepared from the statutory-basis statements
of the Separate Accounts of the Principal Life Insurance Company.
Principal Life Insurance Company, Des Moines, Iowa 50392-0001
<PAGE>
[LOGO] 12/31/1998 FUND STATEMENT
POOLED SEPARATE ACCOUNT-
GOVERNMENT SECURITIES
<TABLE>
<CAPTION>
BALANCE SHEET
- ---------------------------------------------------------------
ASSETS
<S> <C>
Bonds $ 518,746,275
Bank Deposits 8,818
Adjustments to Investments
to Reflect Market Value 13,273,070
Investment Income Due & Accrued 2,722,995
Receivable From Principal Life
Insurance Company 10,037,260
---------------
Total Assets $ 544,788,418
---------------
---------------
LIABILITIES
Unallocated Reserves $ 515,872,919
Payable for Investments Purchased 28,915,499
---------------
Total Liabilities $ 544,788,418
Surplus 0
---------------
Total Liabilities and Surplus $ 544,788,418
---------------
---------------
</TABLE>
<TABLE>
<CAPTION>
SUMMARY OF CHANGES IN NET RESERVES
- -----------------------------------------------------------------------------------
OPERATIONS
- -----------------------------------------------------------------------------------
<S> <C> <C>
Investment Income:
Interest Income 25,906,485
Change In Investment Income
Earned But Not Collected 1,099,202
------------
Total Income $ 27,005,687
Expenses:
Management Fees 2,356,641
-------------
Net Investment Income 24,649,046
Realized and Unrealized Gain (Loss):
Realized Gain (Loss) 82,890
Change in Net Unrealized
Appreciation/Depreciation
of Investments 4,640,043
------------
Net Gain (Loss) 4,722,933
-------------
Net Increase (Decrease) in Net Reserves
Resulting From Operations 29,371,979
Customer Unit Transactions:
Deposits and Net Transfers 241,215,000
Annuity and Benefit Payments (34,978,197)
Funds Withdrawn (21,162,927)
Plan Expenses (936,500)
------------
Net Increase (Decrease) in Net Reserves
Resulting From Unit Transactions 184,137,376
-------------
Total Increase (Decrease) in Reserves $ 213,509,355
-------------
-------------
</TABLE>
The pooled fund statements were prepared from the statutory-basis statements
of the Separate Accounts of the Principal Life Insurance Company.
Principal Life Insurance Company, Des Moines, Iowa 50392-0001
<PAGE>
[LOGO] 12/31/1998 FUND STATEMENT
POOLED SEPARATE ACCOUNT-
BOND EMPHASIS
<TABLE>
<CAPTION>
BALANCE SHEET
- ---------------------------------------------------------------
ASSETS
<S> <C>
Investment in Principal Life Insurance
Company Separate Account:
Bond & Mortgage $ 138,575,858
Government Securities 92,550,680
U.S. Stock 15,894,582
International Stock 52,199,967
Real Estate 49,385,537
Large Company Value 16,001,677
Small Company Value 4,408,822
Large Company Growth 10,380,965
Small Company Growth 2,101,458
Adjustments to Investments
to Reflect Market Value 45,248,302
Remitted and Items Not Allocated 8,802,635
-------------
Total Assets $ 435,550,483
-------------
-------------
LIABILITIES
Unallocated Reserves $ 435,550,483
-------------
Total Liabilities $ 435,550,483
Surplus 0
-------------
Total Liabilities and Surplus $ 435,550,483
-------------
-------------
</TABLE>
<TABLE>
<CAPTION>
SUMMARY OF CHANGES IN NET RESERVES
- -----------------------------------------------------------------------------------
OPERATIONS
- -----------------------------------------------------------------------------------
<S> <C> <C>
Realized and Unrealized Gain (Loss):
Realized Gain (Loss) 24,362,073
Change in Net Unrealized
Appreciation/Depreciation
of Investments 10,242,617
------------
Net Increase (Decrease) in Net Reserves
Resulting From Operations $ 34,604,690
Customer Unit Transactions:
Deposits and Net Transfers 143,066,582
Annuity and Benefit Payments (26,386,695)
Funds Withdrawn (20,952,611)
Plan Expenses (874,820)
------------
Net Increase (Decrease) in Net Reserves
Resulting From Unit Transactions 94,852,456
-------------
Total Increase (Decrease) in Reserves $ 129,457,146
-------------
-------------
</TABLE>
The pooled fund statements were prepared from the statutory-basis statements
of the Separate Accounts of the Principal Life Insurance Company.
Principal Life Insurance Company, Des Moines, Iowa 50392-0001
<PAGE>
[LOGO] 12/31/1997 FUND STATEMENT
<TABLE>
<CAPTION>
POOLED SEPARATE ACCOUNT-
STOCK EMPHASIS
BALANCE SHEET
- --------------------------------------------------------------------
ASSETS
<S> <C>
Investment in Principal Life
Insurance Company Separate Account:
Bond & Mortgage $138,202,219
Government Securities 92,412,833
U.S. Stock 90,930,815
International Stock 124,430,905
Real Estate 163,278,018
Large Company Value 97,918,035
Small Company Value 28,709,439
Large Company Growth 62,514,676
Small Company Growth 9,138,745
Adjustments to Investments
to Reflect Market Value 116,015,540
Remitted and Items Not Allocated 9,991,234
------------
Total Assets $933,542,459
------------
------------
<CAPTION>
- --------------------------------------------------------------------
LIABILITIES
<S> <C>
Unallocated Reserves $933,542,459
------------
Total Liabilities 933,542,459
Surplus 0
------------
Total Liabilities and Surplus $933,542,459
------------
------------
<CAPTION>
SUMMARY OF CHANGES IN NET RESERVES
- -------------------------------------------------------------------
OPERATIONS
<S> <C> <C>
Realized and Unrealized Gain(Loss):
Realized Gain(Loss) 52,148,942
Change in Net Unrealized
Appreciation/Depreciation
of Investments 40,882,956
-----------
Net Increase(Decrease) in Net Reserves
Resulting From Operations $ 93,031,898
Customer Unit Transactions:
Deposits and Net Transfers 248,589,487
Annuity and Benefit Payments (59,925,994)
Funds Withdrawn (40,333,080)
Plan Expenses (2,232,806)
-----------
Net Increase(Decrease) in Net Reserves
Resulting From Unit Transactions 146,097,607
------------
Total Increase(Decrease) in Reserves $239,129,505
------------
------------
</TABLE>
The pooled fund statements were prepared from the statutory-basis statements
of the Separate Accounts of the Principal Life Insurance Company.
Principal Life Insurance Company, Des Moines, Iowa 50392-0001
<PAGE>
[LOGO] 12/31/1997 FUND STATEMENT
<TABLE>
<CAPTION>
POOLED SEPARATE ACCOUNT-
MEDIUM COMPANY BLEND
BALANCE SHEET
- -------------------------------------------------------------------
ASSETS
<S> <C>
Bonds $ 48,200,788
Common Stock 949,236,711
Bank Deposits 210,054
Adjustments to Investments
to Reflect Market Value 110,782,629
Investment Income Due & Accrued 636,751
Remitted and Items Not Allocated 11,703,474
Receivable From Principal Life
Insurance Company 5,291,466
--------------
Total Assets $1,126,061,873
--------------
--------------
<CAPTION>
- -------------------------------------------------------------------
LIABILITIES
<S> <C>
Unallocated Reserves $1,109,832,355
Payable for Investments Purchased 16,229,518
--------------
Total Liabilities 1,126,061,873
Surplus 0
--------------
Total Liabilities and Surplus $1,126,061,873
--------------
--------------
<CAPTION>
SUMMARY OF CHANGES IN NET RESERVES
- -------------------------------------------------------------------
OPERATIONS
<S> <C> <C>
Investment Income:
Dividend Income 9,652,412
Interest Income 6,553,803
Change in Investment Income
Earned But Not Collected (275,470)
-------------
Total Income $ 15,930,745
Expenses:
Management Fees 6,589,226
--------------
Net Investment Income 9,341,519
Realized and Unrealized Gain(Loss):
Realized Gain(Loss) 141,388,247
Change in Net Unrealized
Appreciation/Depreciation
of Investments (89,326,994)
-------------
Net Gain(Loss) 52,061,253
--------------
Net Increase(Decrease) in Net Reserves
Resulting From Operations 61,402,772
Customer Unit Transactions:
Deposits and Net Transfers 258,034,823
Annuity and Benefit Payments (69,769,783)
Funds Withdrawn (69,340,360)
Plan Expenses (2,647,546)
-------------
Net Increase(Decrease) in Net Reserves
Resulting From Unit Transactions 116,277,134
--------------
Total Increase(Decrease) in Reserves $ 177,679,906
--------------
--------------
</TABLE>
The pooled fund statements were prepared from the statutory-basis statements
of the Separate Accounts of the Principal Life Insurance Company.
Principal Life Insurance Company, Des Moines, Iowa 50392-0001
<PAGE>
[LOGO] 12/31/1998 FUND STATEMENT
FINANCIAL POOLED SEPARATE ACCOUNT-
GROUP MEDIUM COMPANY VALUE
<TABLE>
<CAPTION>
BALANCE SHEET
- -------------------------------------------------------------------
ASSETS
<S> <C>
Bonds $ 13,933,902
Common Stock 902,709,779
Bank Deposits 58,066
Adjustments to Investments
to Reflect Market Value 109,357,812
Investment Income Due & Accrued 941,399
Receivable From Principal Life
Insurance Company 4,240,486
--------------
Total Assets $1,031,241,444
--------------
--------------
<CAPTION>
- -------------------------------------------------------------------
LIABILITIES
<S> <C>
Unallocated Reserves $1,028,764,037
Remitted & Items Not Allocated 109,136
Payable for Investments Purchased 2,368,271
--------------
Total Liabilities 1,031,241,444
Surplus 0
------------
Total Liabilities and Surplus $1,031,241,444
--------------
--------------
<CAPTION>
SUMMARY OF CHANGES IN NET RESERVES
- -------------------------------------------------------------------
OPERATIONS
<S> <C> <C>
Investment Income:
Dividend Income 27,255,147
Interest Income 907,620
Change in Investment Income
Earned But Not Collected (5,310)
-----------
Total Income $ 28,157,457
Expenses:
Management Fees 6,084,897
------------
Net Investment Income 22,072,560
Realized and Unrealized Gain(Loss):
Realized Gain(Loss) 61,820,407
Change in Net Unrealized
Appreciation/Depreciation
of Investments (59,062,218)
-----------
Net Gain(Loss) 2,758,189
------------
Net Increase(Decrease) in Net Reserves
Resulting From Operations 24,830,749
Customer Unit Transactions:
Deposits and Net Transfers 250,999,044
Annuity and Benefit Payments (68,085,012)
Funds Withdrawn (65,398,343)
Plan Expenses (2,323,234)
-----------
Net Increase(Decrease) in Net Reserves
Resulting From Unit Transactions 115,192,455
------------
Total Increase(Decrease) in Reserves $140,023,204
------------
------------
</TABLE>
The pooled fund statements were prepared from the statutory-basis statements
of the Separate Accounts of the Principal Life Insurance Company.
Principal Life Insurance Company, Des Moines, Iowa 50392-0001
<PAGE>
[LOGO] 12/31/1998 FUND STATEMENT
FINANCIAL POOLED SEPARATE ACCOUNT-
GROUP REAL ESTATE
<TABLE>
<CAPTION>
BALANCE SHEET
- -------------------------------------------------------------------
ASSETS
<S> <C>
Bonds $ 53,770,815
Common Stock 54,500,804
Real Estate 718,277,058
Bank Deposits 757,959
Notes Receivable 169,245
Adjustments to Investments
to Reflect Market Value 19,952,984
Investment Income Due & Accrued 5,209,763
Prepaid Expenses and Taxes 342,299
--------------
Receivable From Principal Life
Insurance Company 7,863,441
Total Assets $ 860,844,368
--------------
--------------
<CAPTION>
- -------------------------------------------------------------------
LIABILITIES
<S> <C>
Unallocated Reserves $ 841,833,068
Expenses & Taxes Due and Accrued 14,966,051
Unearned Investment Income 43,151
Remitted & Items Not Allocated 245,887
Security Deposits Retained by
Principal Life Insurance Company 3,756,211
--------------
Total Liabilities 860,844,368
Surplus 0
------------
Total Liabilities and Surplus $ 860,844,368
--------------
--------------
<CAPTION>
SUMMARY OF CHANGES IN NET RESERVES
- -------------------------------------------------------------------
OPERATIONS
<S> <C> <C>
Investment Income:
Dividend Income 2,933,621
Interest Income 3,053,376
Rental Income 79,770,453
Change in:
Investment Income
Earned But Not Collected 2,029,479
Unearned Investment Income 43,151
-----------
Total Income $ 87,830,080
Expenses:
Management Fees 8,219,727
Real Estate Expenses 26,011,627
Taxes 9,762,920
Other 78,924 44,073,198
----------- ------------
Net Investment Income 43,756,882
Realized and Unrealized Gain(Loss):
Realized Gain(Loss) (360,649)
Change in Net Unrealized
Appreciation/Depreciation
of Investments 23,383,745
-----------
Net Gain(Loss) 23,023,096
------------
Net Increase(Decrease) in Net Reserves
Resulting From Operations 66,779,978
Customer Unit Transactions:
Deposits and Net Transfers 211,244,066
Annuity and Benefit Payments (28,677,744)
Funds Withdrawn (20,907,355)
Plan Expenses (894,693)
-----------
Net Increase(Decrease) in Net Reserves
Resulting From Unit Transactions 160,764,274
------------
Total Increase(Decrease) in Reserves $227,544,252
------------
------------
</TABLE>
The pooled fund statements were prepared from the statutory-basis statements
of the Separate Accounts of the Principal Life Insurance Company.
Principal Life Insurance Company, Des Moines, Iowa 50392-0001
<PAGE>
[LOGO] 12/31/1998 FUND STATEMENT
FINANCIAL POOLED SEPARATE ACCOUNT-
GROUP STOCK INDEX
<TABLE>
<CAPTION>
BALANCE SHEET
- -------------------------------------------------------------------
ASSETS
<S> <C>
Bonds $ 4,048,178
Common Stock 2,764,243,050
Bank Deposits 58,276
Adjustments to Investments
to Reflect Market Value 1,657,400,082
Investment Income Due & Accrued 4,642,866
Receivable From Principal Life
Insurance Company 69,613,338
--------------
Total Assets $4,500,005,790
--------------
--------------
<CAPTION>
- -------------------------------------------------------------------
LIABILITIES
<S> <C>
Unallocated Reserves $4,497,327,043
Remitted & Items Not Allocated 28,474
Payable for Investments Purchased 2,650,273
--------------
Total Liabilities 4,500,005,790
Surplus 0
------------
Total Liabilities and Surplus $4,500,005,790
--------------
--------------
<CAPTION>
SUMMARY OF CHANGES IN NET RESERVES
- -------------------------------------------------------------------
OPERATIONS
<S> <C> <C>
Investment Income:
Dividend Income 49,855,357
Interest Income 524,932
Change in Investment Income
Earned But Not Collected 1,314,479
-------------
Total Income $ 51,694,768
Expenses:
Management Fees 16,202,354
--------------
Net Investment Income 35,492,414
Realized and Unrealized Gain(Loss):
Realized Gain(Loss) 17,067,207
Change in Net Unrealized
Appreciation/Depreciation
of Investments 799,457,957
-------------
Net Gain(Loss) 816,525,164
--------------
Net Increase(Decrease) in Net Reserves
Resulting From Operations 852,017,578
Customer Unit Transactions:
Deposits and Net Transfers 1,558,879,898
Annuity and Benefit Payments (211,996,209)
Funds Withdrawn (203,408,482)
Plan Expenses (6,790,355)
-------------
Net Increase(Decrease) in Net Reserves
Resulting From Unit Transactions 1,136,684,852
--------------
Total Increase(Decrease) in Reserves 1,982,080,273
Contributed Surplus 6,622,157
--------------
$1,988,702,430
--------------
--------------
</TABLE>
The pooled fund statements were prepared from the statutory-basis statements
of the Separate Accounts of the Principal Life Insurance Company.
Principal Life Insurance Company, Des Moines, Iowa 50392-0001
<PAGE>
[LOGO] 12/31/1998 FUND STATEMENT
FINANCIAL POOLED SEPARATE ACCOUNT-
GROUP U.S. STOCK
<TABLE>
<CAPTION>
BALANCE SHEET
- -------------------------------------------------------------------
ASSETS
<S> <C>
Bonds $ 134,565,978
Common Stock 7,243,584,589
Bank Deposits 53,302
Adjustments to Investments
to Reflect Market Value 1,119,560,928
Investment Income Due & Accrued 13,014,023
Receivable From Principal Life
Insurance Company 34,282,791
--------------
Total Assets $8,545,061,611
--------------
--------------
<CAPTION>
- -------------------------------------------------------------------
LIABILITIES
<S> <C>
Allocated Annuities Reserve $ 110,682,641
Unallocated Reserves 8,422,436,392
Remitted & Items Not Allocated 8,830,282
Payable for Investments Purchased 3,112,296
--------------
Total Liabilities 8,545,061,611
Surplus 0
--------------
Total Liabilities and Surplus $8,545,061,611
--------------
--------------
<CAPTION>
SUMMARY OF CHANGES IN NET RESERVES
- -------------------------------------------------------------------
OPERATIONS
<S> <C> <C>
Investment Income:
Dividend Income 161,346,028
Interest Income 3,849,361
Investment Fee Income 817
Change in Investment Income
Earned But Not Collected 1,441,961
-------------
Total Income $ 166,638,167
Expenses:
Management Fees 48,419,252
--------------
Net Investment Income 118,218,915
Realized and Unrealized Gain(Loss):
Realized Gain(Loss) 1,461,274,287
Change in Net Unrealized
Appreciation/Depreciation
of Investments (451,281,275)
-------------
Net Gain(Loss) 1,009,993,012
--------------
Net Increase(Decrease) in Net Reserves
Resulting From Operations 1,128,211,927
Customer Unit Transactions:
Deposits and Net Transfers 344,095,250
Annuity and Benefit Payments (505,133,221)
Funds Withdrawn (777,298,588)
Plan Expenses (11,350,115)
-------------
Net Increase(Decrease) in Net Reserves
Resulting From Unit Transactions (949,686,674)
--------------
Total Increase(Decrease) in Reserves $ 178,525,253
--------------
--------------
</TABLE>
The pooled fund statements were prepared from the statutory-basis statements
of the Separate Accounts of the Principal Life Insurance Company.
Principal Life Insurance Company, Des Moines, Iowa 50392-0001
<PAGE>
[LOGO] 12/31/1998 FUND STATEMENT
FINANCIAL POOLED SEPARATE ACCOUNT-
GROUP INTERNATIONAL STOCK
<TABLE>
<CAPTION>
BALANCE SHEET
- -------------------------------------------------------------------
ASSETS
<S> <C>
Bonds $ 74,269,880
Common Stock 2,359,568,967
Bank Deposits 57,673
Adjustments to Investments
to Reflect Market Value 360,084,880
Investment Income Due & Accrued 4,314,124
Receivable for Investments Sold 892,155
Foreign Tax Receivable 1,471,914
Receivable From Principal Life
Insurance Company 10,830,154
--------------
Total Assets $2,811,489,747
--------------
--------------
<CAPTION>
- -------------------------------------------------------------------
LIABILITIES
<S> <C>
Unallocated Reserves $2,811,267,472
Remitted & Items Not Allocated 222,275
--------------
Total Liabilities 2,811,489,747
Surplus 0
--------------
Total Liabilities and Surplus $2,811,489,747
--------------
--------------
<CAPTION>
SUMMARY OF CHANGES IN NET RESERVES
- -------------------------------------------------------------------
OPERATIONS
<S> <C> <C>
Investment Income:
Dividend Income 70,189,128
Interest Income 10,718,124
Investment Fee Income (72,884)
Change in Investment Income
Earned But Not Collected (883,962)
-------------
Total Income $ 79,950,406
Expenses:
Management Fees 21,726,587
Custodian Fees 1,145,950
Other 13,795 22,886,332
------------- --------------
Net Investment Income 57,064,074
Realized and Unrealized Gain(Loss):
Realized Gain(Loss) 284,471,460
Change in Net Unrealized
Appreciation/Depreciation
of Investments (83,784,230)
-------------
Net Gain(Loss) 200,687,230
--------------
Net Increase(Decrease) in Net Reserves
Resulting From Operations 257,751,304
Customer Unit Transactions:
Deposits and Net Transfers 304,940,856
Annuity and Benefit Payments (167,322,284)
Funds Withdrawn (148,951,433)
Plan Expenses (4,768,539)
-------------
Net Increase(Decrease) in Net Reserves
Resulting From Unit Transactions (16,101,400)
--------------
Total Increase(Decrease) in Reserves $ 241,649,904
--------------
--------------
</TABLE>
The pooled fund statements were prepared from the statutory-basis statements
of the Separate Accounts of the Principal Life Insurance Company.
Principal Life Insurance Company, Des Moines, Iowa 50392-0001
<PAGE>
[LOGO] 12/31/1998 FUND STATEMENT
FINANCIAL POOLED SEPARATE ACCOUNT-
GROUP SMALL COMPANY BLEND
<TABLE>
<CAPTION>
BALANCE SHEET
- -------------------------------------------------------------------
ASSETS
<S> <C>
Bonds $ 63,932,929
Common Stock 1,478,589,643
Adjustments to Investments
to Reflect Market Value 38,726,977
Investment Income Due & Accrued 743,231
Remitted Items Not Allocated 7,642,776
Receivable From Principal Life
Insurance Company 1,480,072
--------------
Total Assets $1,591,115,628
--------------
--------------
<CAPTION>
- -------------------------------------------------------------------
LIABILITIES
<S> <C>
Unallocated Reserves $1,582,444,317
Payable for Investments Purchased 8,671,311
--------------
Total Liabilities 1,591,115,628
Surplus 0
--------------
Total Liabilities and Surplus $1,591,115,628
--------------
--------------
<CAPTION>
SUMMARY OF CHANGES IN NET RESERVES
- -------------------------------------------------------------------
OPERATIONS
<S> <C> <C>
Investment Income:
Dividend Income 11,557,387
Interest Income 3,094,625
Investment Fee Income 104,858
Change in Investment Income
Earned But Not Collected 196,109
-------------
Total Income $ 14,952,979
Expenses:
Management Fees 10,118,189
--------------
Net Investment Income 4,834,790
Realized and Unrealized Gain(Loss):
Realized Gain(Loss) 22,459,664
Change in Net Unrealized
Appreciation/Depreciation
of Investments (204,004,360)
-------------
Net Gain(Loss) (181,544,696)
--------------
Net Increase(Decrease) in Net Reserves
Resulting From Operations (176,709,906)
Customer Unit Transactions:
Deposits and Net Transfers 347,829,405
Annuity and Benefit Payments (111,670,514)
Funds Withdrawn (99,643,840)
Plan Expenses (4,399,700)
-------------
Net Increase(Decrease) in Net Reserves
Resulting From Unit Transactions 132,115,351
--------------
Total Increase(Decrease) in Reserves $ (44,594,555)
--------------
--------------
</TABLE>
The pooled fund statements were prepared from the statutory-basis statements
of the Separate Accounts of the Principal Life Insurance Company.
Principal Life Insurance Company, Des Moines, Iowa 50392-0001
<PAGE>
<TABLE>
<S><C>
SCHEDULE A OMB NO. 1210-0016
(FORM 5500) INSURANCE INFORMATION ---------------------
Department of the Treasury
Internal Revenue Service 1998
--------------
Department of Labor This schedule is required to be filed under section 104 of the ---------------------
Pension and Welfare Benefits Employee Retirement Income Security Act of 1974. THIS FORM IS
Administration FILE AS AN ATTACHMENT TO FORM 5500 OR 5500-C/R. OPEN TO PUBLIC
-------------- Insurance companies are required to provide this information INSPECTION
Pension Benefit Guaranty Corporation as per ERISA section 103(a)(2).
- ------------------------------------------------------------------------------------------------------------------------------------
For calendar year 1998 or fiscal plan year beginning March 1, 1998, and ending February 28, 1999.
- ------------------------------------------------------------------------------------------------------------------------------------
PART I MUST BE COMPLETED FOR ALL PLANS REQUIRED TO FILE THIS SCHEDULE.
ENTER MASTER TRUST OR 103-13 IE NAME IN PLACE
PART II MUST BE COMPLETED FOR ALL INSURED PENSION PLANS. OF "SPONSOR" AND SPECIFY INVESTMENT ACCOUNT OR
103-12 IE IN PLACE OF "PLAN" IF FILING WITH DOL
PART III MUST BE COMPLETED FOR ALL INSURED WELFARE PLANS. FOR A MASTER TRUST OR 103-12 IE.
- ------------------------------------------------------------------------------------------------------------------------------------
Named of plan sponsor as shown on line 1a of Form 5500 or 5500-C/R EMPLOYER IDENTIFICATION NUMBER
ROCKY MOUNTAIN CHOCOLATE FACTORY, INC. 84 0910696
- ------------------------------------------------------------------------------------------------------------------------------------
Name of plan ROCKY MOUNTAIN CHOCOLATE Three-digit
FACTORY, INC. 401(K) PLAN plan number 0 0 1
- ------------------------------------------------------------------------------------------------------------------------------------
PART I SUMMARY OF ALL INSURANCE CONTRACTS INCLUDED IN PARTS II AND III
Group all contracts in the same manner as in Parts II and III.
- ------------------------------------------------------------------------------------------------------------------------------------
1 Check appropriate box: a / / Welfare plan b /X/ Pension plan c / / Combination pension and welfare plan
- ------------------------------------------------------------------------------------------------------------------------------------
2 Coverage: (b) Contract (c) Approximate number Policy or contract year
(a) Name of insurance carrier or identification of persons covered at end -----------------------
number of policy or contract year (d) From (e) To
- ------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL LIFE INSURANCE COMPANY 4-12731 116 03/01/98 02/28/99
- ------------------------------------------------------------------------------------------------------------------------------------
3 Insurance fees and commissions paid to agents and brokers: (d) Fees paid
(a) Contract or (b) Name and address of the agents or brokers to (c) Amount of ---------------------------------
identification number whom commissions or fees were paid commissions paid Amount Purpose
- ------------------------------------------------------------------------------------------------------------------------------------
4-12731 J & H MARSH & MCLENNAN INC 2,882
1255 17TH ST STE 2100 73 - PRORATED INCENTIVE
DENVER CO 80202-1501 AMOUNT NOT CHARGED
TO YOUR PLAN
- ------------------------------------------------------------------------------------------------------------------------------------
TOTAL 2,882 73
- ------------------------------------------------------------------------------------------------------------------------------------
4 Premiums due and unpaid at end of the plan year $ : Contract or identification number 4-12731
- ------------------------------------------------------------------------------------------------------------------------------------
PART II INSURED PENSION PLANS Provide information for each contract on a separate Part II. Where individual contracts are
provided, the entire group of such individual contracts with each carrier may be treated as a unit for purposes of this
report.
- ------------------------------------------------------------------------------------------------------------------------------------
Contract or identification number 4-12731
- ------------------------------------------------------------------------------------------------------------------------------------
5 Contracts with allocated funds, (for example, individual policies or group deferred annuity contracts):
a State the basis of premium rates
-----------------------------------------------------------------------------------------
b Total premiums paid to carrier ..................................................................... 0
--------------
c If the carrier, service, or other organization incurred any specific costs in connection with the acquisition
or retention of the contract or policy, other than reported in 3 above, enter amount .................. --------------
Specify nature of costs
- ------------------------------------------------------------------------------------------------------------------------------------
6 Contracts with unallocated funds, (for example, deposit administration or immediate participation guarantee
contracts). Do not include portions of these contracts maintained in separate accounts:
a Balance at the end of the previous policy year ........................................................ 54,707
--------------
b Additions: (i) Contributions deposited during year ................................. 16,782
-----------------
(ii) Dividends and credits ........................................................ 0
-----------------
(iii) Interest credited during the year ............................................ 3,302
-----------------
(iv) Transferred from separate account ............................................ 0
-----------------
(v) Other (specify) 0
------------------------------------------------------------- -----------------
(vi) Total additions ................................................................................. 20,084
--------------
c Total of balance and additions (add a and b (vi)) ..................................................... 74,791
--------------
d Deductions:
(i) Disbursed from fund to pay benefits or purchase annuities during year ........ 16,133
-----------------
(ii) Administration charge made by carrier ........................................ 0
-----------------
(iii) Transferred to separate account .............................................. 0
-----------------
(iv) Other (specify) Mkt Value Change.............................................. 184
-----------------
(v) Total deductions ................................................................................ 16,317
--------------
e Balance at end of the current policy year (subtract d(v) from c) ...................................... 58,474
--------------
- ------------------------------------------------------------------------------------------------------------------------------------
7 Separate accounts: Current value of plan's interest in separate accounts at year end .................... 383,249
- ------------------------------------------------------------------------------------------------------------------------------------
FOR PAPERWORK REDUCTION ACT NOTICE, SEE THE INSTRUCTIONS FOR FORM 5500 OR 5500-C/R. Cat No. 135051 SCHEDULE A (FORM 5500) 1998
</TABLE>
<PAGE>
- --------------------------------------------------------------------------------
CERTIFIED SCHEDULE A INFORMATION
Principal Life Insurance Company hereby certifies that the information on
the Schedule(s) A and supplements is complete and accurate to the best of our
knowledge.
/s/ Todd Crandall
- -------------------------------------------------
Signature
8/23/1999
- -------------------------------------------------
Date
[LOGO]
- --------------------------------------------------------------------------------
<PAGE>
<TABLE>
<S><C>
SCHEDULE P ANNUAL RETURN OF FIDUCIARY OMB No. 1210-0016
(FORM 5500) OF EMPLOYEE BENEFIT TRUST --------------------
Department of the Treasury FILE AS AN ATTACHMENT TO FORM 5500, 5500-C/R, OR 5500-EZ. 1998
Internal Revenue Service FOR THE PAPERWORK REDUCTION NOTICE, SEE THE FORM 5500 INSTRUCTIONS. --------------------
This Form is Open to
Public Inspection
- -----------------------------------------------------------------------------------------------------------------------------------
For trust calendar year 1998
or fiscal year beginning March 1, 1998, and ending February 28, 1999.
- -----------------------------------------------------------------------------------------------------------------------------------
PLEASE TYPE OR PRINT
- -----------------------------------------------------------------------------------------------------------------------------------
1a Name of trustee or custodian
PLEASE TYPE OR PRINT
TRUSTEE OF ROCKY MOUNTAIN CHOCOLATE
FACTORY, INC. 401(K) PLAN
- -----------------------------------------------------------------------------------------------------------------------------------
b Number, street, and room or suite
no. (If a P.O. box, see the
instructions for Form 5500,
5500-C/R, or 5500-EZ.)
265 TURNER DRIVE
- -----------------------------------------------------------------------------------------------------------------------------------
c City or town, state, and ZIP code
DURANGO, CO 81301-7941
- -----------------------------------------------------------------------------------------------------------------------------------
2a Name of trust b Trust's employer identification number
TRUST FOR ROCKY MOUNTAIN CHOCOLATE
FACTORY, INC. 401(K) PLAN 42 0127290
- -----------------------------------------------------------------------------------------------------------------------------------
3 Name of plan if different from name
of trust
ROCKY MOUNTAIN CHOCOLATE
FACTORY, INC. 401(K) PLAN
- -----------------------------------------------------------------------------------------------------------------------------------
4 Have you furnished the participating
employee benefit plan(s) with the
trust financial information required
to be reported by the plan(s)? /X/ YES / / NO
- -----------------------------------------------------------------------------------------------------------------------------------
5 Enter the plan sponsor's employer
identification number as shown on
Form 5500, 5500-C/R, or 5500-EZ 84 0910696
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Under penalties of perjury, I declare that I have examined this schedule, and
to the best of my knowledge and belief it is true, correct, and complete.
SIGNATURE OF FIDUCIARY DATE
- -------------------------------------------------------------------------------
INSTRUCTIONS
SECTION REFERENCES ARE TO THE INTERNAL REVENUE CODE.
PURPOSE OF FORM
You may use this schedule to satisfy the requirements under section 6033(a)
for an annual information return from every section 401(a) organization
exempt from tax under section 501(a).
Filing this form will start the running of the statute of limitations
under section 6501(a) for any trust described in section 401(a), which is
exempt from tax under section 501(a).
WHO MAY FILE
1. Every trustee of a trust created as part of an employee benefit plan as
described in section 401(a).
2. Every custodian of a custodial account described in section 401(f).
HOW TO FILE
File Schedule P (Form 5500) for the trust year ending with or within any
participating plan's plan year. Attach it to the Form 5500, 5500-C/R, or
5500-EZ filed by the plan for that plan year. A separately filed Schedule P
(Form 5500) will not be accepted.
If the trust or custodial account is used by more than one plan, file
one Schedule P (Form 5500). If a plan uses more than one trust or custodial
account for its funds, file one Schedule P (Form 5500) for each trust or
custodial account.
TRUST'S EMPLOYER IDENTIFICATION NUMBER
Enter the trust employer identification number (EIN) assigned to the employee
benefit trust or custodial account, if one has been issued to you. The trust
EIN should be used for transactions conducted for the trust. If you do not
have a trust EIN, enter the EIN you would use on Form 1099-R to report
distributions from employee benefit plans and on Form 945 to report withheld
amounts of income tax from those payments.
NOTE: TRUSTEES WHO DO NOT HAVE AN EIN MAY APPLY FOR ONE ON FORM SS-4,
APPLICATION FOR EMPLOYER IDENTIFICATION NUMBER. YOU MUST BE CONSISTENT AND
USE THE SAME EIN FOR ALL TRUST REPORTING PURPOSES.
SIGNATURE
The fiduciary (trustee or custodian) must sign this schedule. If there is
more than one fiduciary, the fiduciary authorized by the others may sign.
OTHER RETURNS AND FORMS THAT MAY BE REQUIRED
- - FORM 990-T--For trusts described in section 401(a), a tax is imposed on
income derived from business that is unrelated to the purpose for which the
trust received a tax exemption. Report this income and tax on FORM 990-T,
Exempt Organization Business Income Tax Return. (See sections 511 through 514
and the related regulations.)
- - FORM 1099-R--If you made payments or distributions to individual
beneficiaries of a plan, report those payments on Form 1099-R. (See the
instructions for Forms 1099, 1098, 5498, and W-2G.)
- - FORM 945--If you made payments or distributions to individual beneficiaries
of a plan, you may be required to withhold income tax from those payments.
Use FORM 945, Annual Return of Withheld Federal Income Tax, to report taxes
withheld from nonpayroll items. (See CIRCULAR E, Employer's Tax Guide (Pub.
15), for more information.)
- -------------------------------------------------------------------------------
SCHEDULE P (FORM 5500) 1997
