form11k.htm
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 20549
For the
fiscal year ended December 31, 2008
[_] TRANSITION REPORT PURSUANT TO
SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934
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For the
transition period from ________ to __________
Commission
file number 001-15169
A.
Full title of the Plan and the address of the Plan, if different from that
of the issuer named below:
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The
Perficient, Inc. 401(k) Employee Savings Plan
B.
Name of issuer of the securities held pursuant to the Plan and the address
of its principal executive offices:
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Perficient,
Inc.
1120
South Capital of Texas Highway, Building 3, Suite 220
The
Perficient, Inc. 401(k) Employee Savings Plan
Financial
Statements and Supplemental Schedules
Years
ended December 31, 2008 and 2007
Table
of Contents
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Report
of Independent Registered Public Accounting Firm
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1-2 |
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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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Statement
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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5-9 |
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Supplemental
Schedules*
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Delinquent
Participant Contributions
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10 |
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Schedule
of Assets (Held at End of Year)
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11 |
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Signatures
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12 |
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Exhibit
Index
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13 |
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*Other
schedules required by 29 CFR 2520.103-10 of the Department of Labor’s Rules and
Regulations for Reporting and Disclosure under ERISA have been omitted because
they aren’t applicable.
Report
of Independent Registered Public Accounting Firm
Board
of Trustees
The
Perficient, Inc. 401(k)
Employee
Savings Plan
Austin,
Texas
We
have audited the accompanying statements of net assets available for benefits of
The Perficient, Inc. 401(k) Employee Savings Plan as of December 31, 2008 and
2007, and the related statement of changes in net assets available for benefits
for the year ended December 31, 2008. These financial statements are
the responsibility of the Plan’s management. Our responsibility is to
express an opinion on these financial statements based on our
audits.
We
conducted our audits in accordance with the standards of the Public Company
Accounting Oversight Board (United States). Those standards require
that we plan and perform the audit to obtain reasonable assurance about whether
the financial statements are free of material misstatement. The Plan
is not required to have, nor were we engaged to perform, an audit of its
internal control over financial reporting. Our audits included
consideration of internal control over financial reporting as a basis for
designing auditing procedures that are appropriate in the circumstances, but not
for the purpose of expressing an opinion on the effectiveness of the Plan’s
internal control over financial reporting. Accordingly, we express no
such opinion. Our audits also included examining, on a test basis,
evidence supporting the amounts and disclosures in the financial statements,
assessing the accounting principles used and significant estimates made by
management and evaluating the overall financial statement
presentation. We believe that our audits provide a reasonable basis
for our opinion.
In
our opinion, the financial statements referred to above present fairly, in all
material respects, the net assets available for benefits of The Perficient, Inc.
401(k) Employee Savings Plan as of December 31, 2008 and 2007, and the changes
in its net assets available for benefits for the year ended December 31, 2008,
in conformity with accounting principles generally accepted in the United States
of America.
As
discussed in Note 1, effective January 1, 2008, the Plan adopted Statement of
Financial Accounting Standards No. 157, Fair
Value Measurements.
Board of
Trustees
The
Perficient, Inc. 401(k)
Employee
Savings Plan
Page
2.
The
accompanying supplemental schedules are presented for the purpose of additional
analysis and are not a required part of the basic financial statements, but are
supplementary information required by the Department of Labor’s Rules and
Regulations for Reporting and Disclosure under the Employee Retirement Income
Security Act of 1974. These supplemental schedules are the
responsibility of the Plan’s management. The supplemental schedules
have been subjected to the auditing procedures applied in the audit of the basic
financial statements and, in our opinion, are fairly stated, in all material
respects, in relation to the basic financial statements taken as a
whole.
/s/
BKD, LLP
St.
Louis, Missouri
June 15,
2009
Federal
Employer Identification Number: 44-0160260
The
Perficient, Inc. 401(k) Employee Savings Plan
Statements
of Net Assets Available for Benefits
As
of December 31, 2008 and 2007
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2008
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2007
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Investments,
at fair value
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$
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28,152,179
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$
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30,841,382
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Receivables
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Employer
contributions
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29,804
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--
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Participant
contributions
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14,993
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--
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Total
receivables
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44,797
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--
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Net
assets available for benefits, at fair value
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28,196,976
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30,841,382
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Adjustments
from fair value to contract value for fully benefit-responsive investment
contract
(Note
4)
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174,287
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47,777
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Net
assets available for benefits
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$
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28,371,263
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$
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30,889,159
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The
accompanying notes are an integral part of these financial
statements.
The
Perficient, Inc. 401(k) Employee Savings Plan
Statement
of Changes in Net Assets Available for Benefits
For
the Year Ended December 31, 2008
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Additions:
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Additions
to net assets attributed to:
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Investment
income (loss):
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Net
depreciation in fair value of investments
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$
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(14,064,463
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)
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Interest
and dividends
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649,272
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Participant
loan interest
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25,791
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Total
net investment loss
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(13,389,400
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)
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Contributions:
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Participant
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6,634,092
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Employer
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1,875,984
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Rollover
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330,690
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Total
contributions
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8,840,766
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Transfers
from merged plan
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5,601,643
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Total
additions
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1,053,009
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Deductions:
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Deductions
from net assets attributed to:
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Benefits
paid to participants
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3,560,001
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Administrative
expenses
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10,904
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Total
deductions
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3,570,905
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Net
decrease
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(2,517,896)
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Net
assets available for benefits:
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Beginning
of year
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30,889,159
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End
of year
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$
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28,371,263
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The
accompanying notes are an integral part of these financial
statements.
The
Perficient, Inc. 401(k) Employee Savings Plan
Notes
to Financial Statements
The
following description of The Perficient, Inc. 401(k) Employee Savings Plan (the
“Plan”) is provided for general information purposes
only. Participants should refer to the Plan Document for a more
complete description of the Plan’s provisions.
General
The Plan
is a defined contribution plan covering substantially all employees of
Perficient, Inc. (the “Company”) who are age 21 or older, except contracted and
leased employees, or any employee that is a non-resident
alien. Employees may participate in the Plan on the first day of the
month on or after they are determined to meet these conditions. The Plan is
subject to the provisions of the Employee Retirement Income Security Act of 1974
(“ERISA”).
Contributions
For 2008,
participants may contribute up to 25% of their pre-tax annual compensation to
any of the investment funds up to a maximum of $15,500, subject to IRS Rules and
Regulations. Participants who have attained age 50 before the end of
the year are eligible to make catch-up contributions. Participants
may also contribute amounts representing distributions from other qualified
defined benefit or contribution plans.
The
Company may make matching contributions of 50% (25% in cash and 25% in Company
stock) of the first 6% of eligible compensation deferred by the
participant.
Participant
Accounts
Each
participant’s account is credited with the participant’s contribution, the
Company’s matching contribution and an allocation of (a) other Company
discretionary contributions and (b) Plan earnings. Allocations are
based on participant earnings or account balances, as defined. The
benefit to which a participant is entitled is the benefit that can be provided
from the participant’s vested account.
Participant-Directed
Investments
All
assets of the Plan are participant-directed investments.
Participants
have the option of directing their account balance to one or more different
investment options. The investment options include various mutual
funds, a guaranteed interest contract and Company common stock.
Vesting
Participants
are immediately vested in their contributions plus actual earnings thereon. The
Company contributions plus earnings thereon vest based on years of service as
follows:
Years
of Service
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Non-forfeitable
Percentage
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Less
than 1
|
0
|
1
|
33
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2
|
66
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3
or more
|
100
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Forfeitures
At
December 31, 2008 and 2007, forfeited non-vested accounts totaled $1,002 and
$1,310, respectively. In accordance with the Plan provisions, these accounts are
used to reduce future employer contributions. During the year ended December 31,
2008, employer contributions were reduced by $51,702 of
forfeitures.
Participant
Loans
Upon
written application of a participant, the Plan may make a loan to the
participant. Participants are allowed to borrow no less than $1,000
and no greater than the lesser of 50% of the participant’s vested account
balance or $50,000. Loans are amortized over a maximum of 60 months
unless used to purchase the participant’s principal residence and repayment is
made through payroll deductions. The amount of the loan is deducted
from the participant’s investment accounts and bears interest at a rate
commensurate with local rates for similar plans. Participant loans
outstanding were $397,495 and $318,818 at December 31, 2008 and 2007,
respectively.
Payment
of Benefits
Participants
are entitled to receive benefit payments at the normal retirement age of 65,
participant’s death or disability, in the event of termination, or if the
participant reaches age 70½ while still employed. Benefits may be
paid in a lump-sum distribution or installment payments.
New
Accounting Pronouncements
In
September 2006, the Financial Accounting Standards Board (“FASB”) issued
Statement of Financial Accounting Standard No. 157, Fair
Value Measurements (“SFAS 157”), which defines fair value,
establishes a framework for measuring fair value in generally accepted
accounting principles and expands disclosures about fair value
measurements. Fair value is defined under SFAS 157 as the exchange
price that would be received for an asset or paid to transfer a liability (an
exit price) in the principal or most advantageous market for the asset or
liability in an orderly transaction between market participants on the
measurement date. For financial assets and liabilities, SFAS 157 is
effective for financial statements issued for fiscal years beginning after
December 31, 2007. The Plan adopted these provisions of SFAS 157
effective January 1, 2008. The related disclosures are included in Note
5.
2.
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Summary
of Significant Accounting Policies
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Basis
of Accounting
The
financial statements of the Plan have been prepared on the accrual basis of
accounting, except for benefits, which are recorded as paid and prepared using
values and information currently available to the Plan.
Use
of Estimates
The
preparation of the accompanying financial statements in conformity with
accounting principles generally accepted in the United States requires the Plan
administrator to make estimates and assumptions that affect certain reported
amounts and disclosures. Accordingly, actual results may differ from those
estimates.
Given the
volatility of current economic conditions, the values of assets recorded in the
financial statements could change rapidly, resulting in material future
adjustments in investment values that could negatively impact the
Plan.
Investment
Valuation and Income Recognition
The
Plan’s investments are stated at fair value as determined by the Principal Life
Insurance Company (“Principal”) investment managers based on quoted market
prices, except for its fully benefit-responsive investment contract, which
is valued at contract value (see Note 4). Participant loans are
valued at their outstanding balances, which approximates fair
value.
Purchases
and sales of investments and realized gains and losses are accounted for on the
trade date. Interest income is recorded as earned and dividend income is
recorded on the ex-dividend date.
The
following investments represented 5% or more of the Plan’s net assets available
for benefits at December 31, 2008 and 2007:
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2008
|
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2007
|
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Principal
Life Insurance Company:
|
|
|
|
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|
|
Large
Cap S&P 500 Index Institutional, 359,679 and 257,989 shares,
respectively
|
|
$
|
2,247,995
|
|
|
$
|
2,641,812
|
|
Lifetime
Strategic Income R5, 256,415 and 282,537 shares,
respectively
|
|
|
2,207,735
|
|
|
|
3,362,192
|
|
Lifetime
2030 R5, 221,537 and 151,358 shares, respectively
|
|
|
1,798,881
|
|
|
|
2,073,611
|
|
Fixed
Income Option 401(a)/401(k), 240,501 shares
|
|
|
3,485,741
|
|
|
|
*
|
|
Large
Cap Value III R5 (formally Alliance Bernstein Large Cap
Value),
137,325
shares
|
|
|
*
|
|
|
|
1,867,621
|
|
American
Funds:
|
|
|
|
|
|
|
|
|
EuroPacific
Growth A, 97,221 and 67,723 shares, respectively
|
|
|
2,723,146
|
|
|
|
3,445,060
|
|
Growth
Fund of America A, 147,814 and 121,543 shares,
respectively
|
|
|
3,027,236
|
|
|
|
4,133,681
|
|
Perficient,
Inc. Common Stock, 356,738 and 112,638 shares,
respectively
|
|
|
1,705,209
|
|
|
|
1,772,924
|
|
Dodge
& Cox Income, 133,924 shares
|
|
|
1,578,960
|
|
|
|
*
|
|
* Not a
5% investment in respective year.
During
the year ended December 31, 2008, the Plan’s investments (including investments
purchased, sold, or held during the year) depreciated in fair value as
follows:
|
|
|
|
Mutual
funds
|
|
$
|
(12,267,762
|
)
|
Employer
securities
|
|
|
(1,796,701
|
)
|
Net
depreciation
|
|
$
|
(14,064,463
|
)
|
4.
|
Investment
Contract with Principal
|
The Plan
has a fully-benefit responsive investment contract with Principal. Principal
maintains the contributions in a general account. The account is credited with
earnings on the underlying investments and charged for participant withdrawals
and administrative expenses. The contract is included in the financial
statements at contract value as reported to the Plan by Principal. Contract
value represents contributions made by participants, plus interest at a
specified rate determined semiannually, less withdrawals or transfers by
participants. Participants may ordinarily direct the withdrawal or
transfer of all or a portion of their investment at contract value.
There are
no reserves against the contract value for credit risk of the contract issuer or
otherwise. The stated rate of return of the contract as of December 31, 2008 and
2007 was 3.5% and 3.1%, respectively. The rate was 3.5% on January 1,
2009.
5.
|
Fair
Value Measurement
|
Valuation
techniques used to measure fair value under SFAS 157 must maximize the use of
observable inputs and minimize the use of unobservable inputs. The
standard describes a fair value hierarchy based on the following three levels of
inputs, of which the first two are considered observable and the last
unobservable, that may be used to measure fair value:
·
|
Level
1 – Quoted prices in active markets for identical assets or
liabilities.
|
·
|
Level
2 – Inputs other than Level 1 that are observable, either directly or
indirectly, such as quoted prices for similar assets or liabilities;
quoted prices in markets that are not active; or other inputs that are
observable or can be corroborated by observable market data for
substantially the full term of the assets or
liabilities.
|
·
|
Level
3 – Unobservable inputs that are supported by little or no market activity
and that are significant to the fair value of the assets or
liabilities.
|
The
following is a description of the valuation methodologies used for instruments
measured at fair value, including the general classification of such instruments
pursuant to the valuation hierarchy.
Mutual
Funds
Mutual
funds available for investment in the Plan are valued at quoted prices available
in an active market and are classified within level 1 of the valuation
hierarchy.
Common
Stock
Company
stock is valued at the closing price reported on the NASDAQ Global Select Market
and is classified within level 1 of the valuation hierarchy.
Investment
Contracts
The
Principal Fixed Income Option 401(a)/401(k) is a general-account backed stable
value contract. This investment guarantees principal and provides a
stated rate of return. The fair value represents the amount received
upon withdrawal or transfer of funds prior to their maturity, which is the
contract value less a withdrawal charge. Since the investment is
based on the provisions of the investment contract, it is classified within
level 3 of the valuation hierarchy.
Loans
to Participants
The Plan
is unable to sell participant loans in an active market. Therefore,
the fair value represents the outstanding loan balance and is classified within
level 3 of the valuation hierarchy.
The
following table lists the Plan’s financial instruments carried at fair value on
a recurring basis by the SFAS 157 fair value hierarchy levels described
above.
|
|
As
of December 31, 2008
|
|
|
|
Quoted
Prices in Active Markets for Identical Assets (Level 1)
|
|
|
Significant
Observable Inputs (Level 2)
|
|
|
Significant
Unobservable Inputs (Level 3)
|
|
|
Total
Fair Value
|
|
Assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
Mutual
Funds
|
|
$ |
22,738,021 |
|
|
$ |
-- |
|
|
$ |
-- |
|
|
$ |
22,738,021 |
|
Common
Stock - PRFT
|
|
|
1,705,209 |
|
|
|
-- |
|
|
|
-- |
|
|
|
1,705,209 |
|
Investment
Contract
|
|
|
-- |
|
|
|
-- |
|
|
|
3,311,454 |
|
|
|
3,311,454 |
|
Participant
Loans
|
|
|
-- |
|
|
|
-- |
|
|
|
397,495 |
|
|
|
397,495 |
|
Total
Assets
|
|
$ |
24,443,230 |
|
|
$ |
-- |
|
|
$ |
3,708,949 |
|
|
$ |
28,152,179 |
|
The table
below sets forth a summary of changes in the fair value of the Plan’s level 3
investment assets and liabilities.
|
|
As
of December 31, 2008
|
|
|
|
|
Investment
Contract
|
|
|
Participant
Loans
|
|
|
Total
|
Beginning
Balance (Fair
Value)
|
|
$ |
907,755 |
|
|
$ |
318,818 |
|
|
$ |
1,226,573 |
|
Total
Gains or Losses (Realized
& Unrealized)
|
|
|
(126,510 |
) |
|
|
-- |
|
|
|
(126,510 |
) |
Purchases,
Issuances & Settlements,
Net
|
|
|
2,530,209 |
|
|
|
78,677 |
|
|
|
2,608,886 |
|
Total
|
|
$ |
3,311,454 |
|
|
$ |
397,495 |
|
|
$ |
3,708,949 |
|
The Plan
operates under a non-standardized adoption agreement in connection with a
prototype retirement plan and trust/custodial document sponsored by
Principal. This prototype plan document has been filed with the
appropriate agency. The Plan has not obtained or requested a
determination letter. However, the Plan administrator believes that
the Plan is currently designed and being operated in compliance with the
applicable requirements of the Internal Revenue Code and that the Plan was
qualified and the related trust was tax exempt as of the financial statement
date.
Although
it has not expressed any intent to do so, the Company has the right under the
Plan to discontinue its contributions at any time and to terminate the Plan
subject to the provisions of ERISA. In the event of Plan termination,
participants will become 100% vested in their accounts.
8.
|
Party-In-Interest
Transactions
|
As of
December 31, 2008 and 2007, the Plan held 356,738 and 112,638 shares,
respectively, of Company common stock. Total outstanding Company
common stock as of December 31, 2008, was approximately 32 million
shares.
During
the year ended December 31, 2008, the Plan had the following transactions
involving the Company common stock:
|
|
|
|
Shares
purchased
|
|
|
379,841
|
|
Shares
sold
|
|
|
135,741
|
|
Cost
of shares purchased
|
|
$
|
2,701,911
|
|
Loss
realized on shares sold
|
|
$
|
(504,219
|
)
|
Certain
Plan investments are managed by Principal. Principal is the custodian
as defined by the Plan; therefore, these transactions qualify as
party-in-interest.
The Plan
is administered by trustees consisting of officers and employees of the
Company. The Company pays certain administrative expenses of the
Plan.
On
September 20, 2007, the Company acquired BoldTech Systems, Inc. (“BoldTech”). As
a result of the acquisition, the BoldTech 401(k) plan was merged into the Plan
in January 2008. The value of the plan assets transferred from the
BoldTech 401(k) plan was $5,601,643.
10.
|
Risks
and Uncertainties
|
The Plan
invests in various investment securities. Investment securities are exposed to
various risks such as interest rate, market, and credit risks. Due to the level
of risk associated with certain investment securities, it is at least reasonably
possible that changes in values of investment securities will occur in the near
term and that such changes could materially affect participants’ account
balances and the amounts reported in the Statements of Net Assets Available
for Benefits.
11.
|
Delinquent
Participant Contributions
|
As
reported on the Form 5500, Schedule H, Line 4(a) – Schedule of Delinquent
Participant Contributions, certain participant contributions were not remitted to the trust within
the time frame specified by the Department of Labor’s Regulation 29 CFR
2510.3-102, thus constituting non-exempt transactions between the Plan and the
Company during 2008. The Company has incurred expense of $545
relating to remittance of earnings on delinquent contributions to the
Plan.
12.
|
Reconciliation
of Financial Statements to Form
5500
|
The
following is a reconciliation of total additions to net assets per the financial
statements at December 31, 2008 to the Form 5500:
|
|
|
|
Total
additions to net assets per the financial statements
|
|
$
|
1,053,009
|
|
Less:
Transfers from merged plans
|
|
|
(5,601,643
|
)
|
Total
additions to net assets per the Form 5500
|
|
$
|
(4,548,634
|
)
|
The
Plan's investment contract is shown at contract value on the Form 5500.
Supplemental
Schedule
The
Perficient, Inc. 401(k) Employee Savings Plan
FEIN:
74-2853258; Plan No. 001
Delinquent
Participant Contributions
For
the Year Ended December 31, 2008
Form
5500, Schedule H, Part IV, Line 4(a)
Identity
of party involved
|
Relationship
to plan, employer, or other party-in-interest
|
Description
of transactions, including rate of interest
|
|
Amount
on line 4(a)
|
|
|
Lost
earnings
|
|
Perficient,
Inc.
|
Plan
sponsor
|
2008
employee deferrals not deposited to the Plan in a timely
manner.
|
|
$ |
45,597 |
|
|
$ |
545 |
|
Note: The
Plan sponsor corrected these contributions in 2008 outside of the Voluntary
Fiduciary Correction Program.
Supplemental
Schedule
The
Perficient, Inc. 401(k) Employee Savings Plan
FEIN:
74-2853258; Plan No. 001
Schedule
of Assets (Held at End of Year)
December
31, 2008
Form
5500, Schedule H, Part IV, Line 4(i)
|
|
(b)
|
(c)
|
|
(d)
|
|
|
(e)
|
|
(a)
|
|
Identity
of Issuer
|
Description
|
|
Cost
|
|
|
Current
Value
|
|
|
|
|
|
|
|
|
|
|
|
|
*
|
|
Principal
Life Insurance Company:
|
|
|
|
|
|
|
|
|
|
|
Large
Cap S&P 500 Index Institutional
|
Mutual
fund
|
|
|
**
|
|
|
$
|
2,247,995
|
|
|
|
|
Lifetime
Strategic Income R5
|
Mutual
fund
|
|
|
**
|
|
|
|
2,207,735
|
|
|
|
|
Lifetime
2010 R5
|
Mutual
fund
|
|
|
**
|
|
|
|
201,449
|
|
|
|
|
Lifetime
2020 R5
|
Mutual
fund
|
|
|
**
|
|
|
|
1,000,825
|
|
|
|
|
Lifetime
2030 R5
|
Mutual
fund
|
|
|
**
|
|
|
|
1,798,881
|
|
|
|
|
Large
Cap Value III R5
|
Mutual
fund
|
|
|
**
|
|
|
|
1,176,985
|
|
|
|
|
Lifetime
2040 R5
|
Mutual
fund
|
|
|
**
|
|
|
|
1,114,976
|
|
|
|
|
Lifetime
2050 R5
|
Mutual
fund
|
|
|
**
|
|
|
|
342,351
|
|
|
|
|
Mid
Cap S&P 400 Index Institutional
|
Mutual
fund
|
|
|
**
|
|
|
|
885,881
|
|
|
|
|
Real
Estate Securities R5
|
Mutual
fund
|
|
|
**
|
|
|
|
302,121
|
|
|
|
|
Small
Cap S&P 600 Index Institutional
|
Mutual
fund
|
|
|
**
|
|
|
|
902,805
|
|
|
|
|
Small
Cap Value R5
|
Mutual
fund
|
|
|
**
|
|
|
|
716,728
|
|
|
|
|
American
Funds:
|
|
|
|
|
|
|
|
|
|
|
|
|
EuroPacific
Growth A
|
Mutual
fund
|
|
|
**
|
|
|
|
2,723,146
|
|
|
|
|
Growth
Fund of America A
|
Mutual
fund
|
|
|
**
|
|
|
|
3,027,236
|
|
|
|
|
American
Century Vista Investor
|
Mutual
fund
|
|
|
**
|
|
|
|
605,918
|
|
|
|
|
Columbia
Mid Cap Value A
|
Mutual
fund
|
|
|
**
|
|
|
|
808,761
|
|
|
|
|
Dodge
and Cox Income
|
Mutual
fund
|
|
|
**
|
|
|
|
1,578,960
|
|
|
|
|
Vanguard
Wellington Admiral
|
Mutual
fund
|
|
|
**
|
|
|
|
489,824
|
|
|
|
|
Fidelity
Advisor Small Cap A
|
Mutual
fund
|
|
|
**
|
|
|
|
605,444
|
|
|
|
|
Total
mutual funds
|
|
|
|
**
|
|
|
|
22,738,021
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
*
|
|
Perficient,
Inc.
|
Employer
securities
|
|
|
**
|
|
|
|
1,705,209
|
|
|
*
|
|
Principal
Life Insurance Company:
|
|
|
|
|
|
|
|
|
|
|
|
|
Fixed
Income Option 401(a)/401(k)
|
Guaranteed
interest contract
|
|
|
**
|
|
|
|
3,485,741
|
|
|
*
|
|
Participant
Loans
|
Interest
rate of 5.00% - 11.50%
|
|
|
**
|
|
|
|
397,495
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
investments
|
|
|
|
|
|
|
$
|
28,326,466
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
*
Party-in-interest transaction considered exempt by the
DOL.
|
|
|
|
|
|
**
Cost omitted for participant-directed investments.
|
|
|
|
|
|
|
|
|
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the trustees (or
other persons who administer the employee benefit plan) have duly caused this
annual report to be signed on its behalf by the undersigned thereunto duly
authorized.
The Perficient, Inc. 401(k) Employee
Savings Plan
Date: June
16,
2009
/s/ Paul E. Martin
Paul E. Martin
Chief Financial Officer
EXHIBITS
INDEX
Exhibit
Number
|
Description
|
23.1
|
Consent
of BKD, LLP
|