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ANNUAL
REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934
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For
the fiscal year ended December 31, 2009
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OR
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TRANSITION
REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934
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A.
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Full
title of the plan and the address of the plan, if different from that of
the issuer named below:
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B.
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Name
of issuer of the securities held pursuant to the plan and the address of
its principal executive office:
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RELIV’
INTERNATIONAL, INC. 401(k) PLAN
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By:
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/s/
Stephen M. Merrick
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Stephen
M. Merrick, Senior Vice President
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of
Reliv’ International, Inc.,
Trustee
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Report
of Independent Registered Public Accounting Firm - RubinBrown
LLP
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1
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Report
of Independent Registered Public Accounting Firm - Ernst & Young
LLP
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2
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Financial
Statements
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Statements
of Net Assets Available for Benefits
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3
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Statements
of Changes in Net Assets Available for Benefits
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4
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Notes
to Financial Statements
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5
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Supplemental
Schedule
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Schedule
H, Line 4i – Schedule of Assets (Held at End of Year)
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14
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/s/
RubinBrown LLP
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/s/
Ernst & Young LLP
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December
31
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||||||||
2009
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2008
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|||||||
Assets
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||||||||
Cash
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$ | 26,515 | $ | 32,157 | ||||
Investments,
at fair value:
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||||||||
Mutual
funds
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6,023,217 | 4,278,714 | ||||||
Reliv
International, Inc. stock
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1,664,341 | 2,119,533 | ||||||
Collective
investment trust
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1,237,569 | 1,043,050 | ||||||
Participant
notes receivable
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192,740 | 188,538 | ||||||
Total
investments
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9,117,867 | 7,629,835 | ||||||
Total
assets
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9,144,382 | 7,661,992 | ||||||
Liabilities
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||||||||
Excess
contributions payable
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2,342 | 2,953 | ||||||
Total
liabilities
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2,342 | 2,953 | ||||||
Net
assets reflecting all investments at fair value
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9,142,040 | 7,659,039 | ||||||
Adjustments
from fair value to contract value for investment in collective trust
relating to fully benefit-responsive investment contracts
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(39,160 | ) | (5,174 | ) | ||||
Net
assets available for benefits
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$ | 9,102,880 | $ | 7,653,865 |
Year
Ended December 31
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||||||||
2009
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2008
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|||||||
Additions
to net assets attributed to:
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||||||||
Contributions:
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||||||||
Employer
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$ | 145,360 | $ | 296,815 | ||||
Participants
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635,714 | 639,436 | ||||||
Rollovers
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- | 90,029 | ||||||
Total
contributions
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781,074 | 1,026,280 | ||||||
Deductions
from net assets attributed to:
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||||||||
Withdrawals
to participants
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109,860 | 1,197,893 | ||||||
Administrative
expenses
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19,891 | 23,668 | ||||||
Total
deductions
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129,751 | 1,221,561 | ||||||
Investment
income (loss):
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||||||||
Net
realized and unrealized appreciation (depreciation) in fair value of
investments
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559,520 | (3,888,542 | ) | |||||
Interest
and dividends
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238,172 | 298,275 | ||||||
Net
investment income (loss)
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797,692 | (3,590,267 | ) | |||||
Net
increase (decrease) in net assets available for benefits
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1,449,015 | (3,785,548 | ) | |||||
Net
assets available for benefits:
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||||||||
Beginning
of year
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7,653,865 | 11,439,413 | ||||||
End
of year
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$ | 9,102,880 | $ | 7,653,865 |
Level
1:
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Unadjusted
quoted prices in active markets for identical assets or
liabilities.
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Level
2:
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Observable
inputs other than Level 1 prices such as quoted prices for similar assets
or liabilities in active markets; quoted prices for identical or similar
assets in inactive markets, inputs other than quoted prices that are
observable for the asset or liability; or inputs that are observable or
corroborated by observable market data for substantially the full term of
the assets or liabilities.
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Level
3:
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Unobservable
inputs supported by little or no market activity and that reflect the
reporting entity’s own assumptions about the exit price, including
assumptions that market participants would use in pricing the asset or
liability.
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December
31
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||||||||
2009
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2008
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|||||||
Investments
in company stock:
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||||||||
Reliv
International, Inc.
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$ | 1,664,341 | $ | 2,119,533 | ||||
Mutual
funds:
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||||||||
PIMCO
Total Return INSTL Class
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1,159,672 | 918,916 | ||||||
Growth
Fund of America
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1,118,719 | 977,679 | ||||||
EuroPacific
Growth Fund
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1,116,505 | 612,291 | ||||||
Vanguard
Windsor II Admiral Shares
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637,739 |
Less
than 5
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% | |||||
American
Beacon Small Cap Val
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396,443 |
Less
than 5
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% | |||||
Collective
investment trusts:
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||||||||
Federated
Capital Preservation Fund
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1,198,409 | 1,037,876 |
Fair Value Measurements | ||||||||||||||||
Unadjusted
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Signficant
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|||||||||||||||
Quoted
Prices
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Other
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Signficant
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||||||||||||||
Total
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in
Active
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Observable
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Unobservable
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|||||||||||||
Carrying
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Markets
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Inputs
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Inputs
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|||||||||||||
Description
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Value
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(Level
1)
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(Level
2)
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(Level
3)
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December
31, 2009:
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||||||||||||||||
Mutual
funds:
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||||||||||||||||
Large
cap funds
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$ | 2,090,761 | $ | 2,090,761 | $ | - | $ | - | ||||||||
Mid
cap funds
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597,649 | 597,649 | - | - | ||||||||||||
Small
cap funds
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699,795 | 699,795 | - | - | ||||||||||||
International
funds
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1,116,505 | 1,116,505 | - | - | ||||||||||||
Fixed
income funds
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1,161,190 | 1,161,190 | - | - | ||||||||||||
Other
mutual funds
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357,317 | 357,317 | - | - | ||||||||||||
Total
mutual funds
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6,023,217 | 6,023,217 | - | - | ||||||||||||
Reliv
International, Inc. stock
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1,664,341 | 1,664,341 | - | - | ||||||||||||
Collective
investment trust
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1,237,569 | - | 1,237,569 | - | ||||||||||||
Participant
notes receivable
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192,740 | - | - | 192,740 | ||||||||||||
$ | 9,117,867 | $ | 7,687,558 | $ | 1,237,569 | $ | 192,740 | |||||||||
December
31, 2008:
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||||||||||||||||
Mutual
funds:
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||||||||||||||||
Large
cap funds
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$ | 1,672,749 | $ | 1,672,749 | $ | - | $ | - | ||||||||
Mid
cap funds
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398,014 | 398,014 | - | - | ||||||||||||
Small
cap funds
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432,003 | 432,003 | - | - | ||||||||||||
International
funds
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612,291 | 612,291 | - | - | ||||||||||||
Fixed
income funds
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918,916 | 918,916 | - | - | ||||||||||||
Other
mutual funds
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244,741 | 244,741 | - | - | ||||||||||||
Total
mutual funds
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4,278,714 | 4,278,714 | - | - | ||||||||||||
Reliv
International, Inc. stock
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2,119,533 | 2,119,533 | - | - | ||||||||||||
Collective
investment trust
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1,043,050 | - | 1,043,050 | - | ||||||||||||
Participant
notes receivable
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188,538 | - | - | 188,538 | ||||||||||||
$ | 7,629,835 | $ | 6,398,247 | $ | 1,043,050 | $ | 188,538 |
Net Appreciation
(Depreciation) in
Fair Value
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||||||||
2009
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2008
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|||||||
Mutual
funds
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$ | 1,144,170 | $ | (2,122,723 | ) | |||
Reliv
International, Inc. common stock
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(584,650 | ) | (1,765,819 | ) | ||||
$ | 559,520 | $ | (3,888,542 | ) |
December
31
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||||||||
2009
|
2008
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Net
assets available for benefits per the financial statements
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$ | 9,102,880 | $ | 7,653,865 | ||||
Excess
contributions payable
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2,342 | 2,953 | ||||||
Net
assets available for benefits per the Form 5500
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$ | 9,105,222 | $ | 7,656,818 |
December
31
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||||||||
2009
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2008
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|||||||
Participant
contributions per the financial statements
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$ | 635,714 | $ | 639,436 | ||||
Excess
contributions
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2,342 | 2,953 | ||||||
Participant
contributions per the Form 5500
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$ | 638,056 | $ | 642,389 |
December
31
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||||||||
2009
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2008
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|||||||
Withdrawals
to participants per the financial statements
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$ | 109,860 | $ | 1,197,893 | ||||
Excess
contributions payable at December 31, 2008
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2,953 | - | ||||||
Withdrawals
to participants and corrective distributions per the Form
5500
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$ | 112,813 | $ | 1,197,893 |
Identity
of Issuer
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Description
of Investment
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Current
Value
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PIMCO
Total Return, INSTL Class
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107,377.018
shares, mutual fund
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$ | 1,159,672 | |||
American
Beacon Small Cap Val
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25,027.981
shares, mutual fund
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396,443 | ||||
CRM
Mid Cap Value Fund
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9,646.753
shares, mutual fund
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234,030 | ||||
Growth
Fund of America – R6
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40,933.726
shares, mutual fund
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1,118,719 | ||||
Turner
Midcap Growth Fund
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13,117.583 shares, mutual fund
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363,619 | ||||
EuroPacific
Growth Fund – R6
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29,121.159 shares, mutual fund
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1,116,505 | ||||
Black
Rock Sm Cap Growth Equity
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15,548.546 shares, mutual fund
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303,352 | ||||
Schwab
S&P 500 Index – Select S
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19,279.266 shares, mutual fund
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334,303 | ||||
ING
Global Real Estate Fund
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24,356.969 shares, mutual fund
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357,317 | ||||
Vanguard
Windsor II Admiral Shs.
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15,173.413 shares, mutual fund
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637,739 | ||||
Vanguard
Inflation Protected SEC
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120.970
shares mutual fund
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1,518 | ||||
Federated
Capital Preservation Fund
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119,840.931
units, collective investment trust
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1,198,409 | ||||
Reliv
International, Inc.*
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507,421
shares of Company stock
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1,664,341 | ||||
Various
participants*
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Participant
loans, interest rates of 4.25% to 9.25%, maturing between 2010 and
2039
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192,740 | ||||
$ | 9,078,707 |
Exhibit
No.
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Description
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23.1
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Consent
of Independent Registered Public Accounting Firm – RubinBrown
LLP
|
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23.2
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Consent
of Independent Registered Public Accounting Firm – Ernst & Young
LLP
|