x
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ANNUAL
REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934
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o
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TRANSITION
REPORT PURSUANT TO SECTION 15(d)
OF THE SECURITIES EXCHANGE ACT OF
1934
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For
the transition period from ________ to
__________
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A.
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Full
title of Plan and the address of the Plan, if different from that
of the
issuer named below:
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B.
|
Name
of issuer of the securities held pursuant to the Plan and the address
of
its principal executive offices:
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Report
of Independent Registered Public Accounting Firm
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3
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Financial
Statements
|
|
Statements
of Net Assets Available for Benefits
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4
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Statements
of Changes in Net Assets Available for Benefits
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5
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Notes
to Financial Statements
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6
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Supplemental
Schedule
|
|
Schedule
of Assets (Held at End of Year)
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11
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Exhibits
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12
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Signatures
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13
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Consent
of Independent Auditors
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14
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Assets
|
2005
|
2004
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|||||
Investments:
|
|||||||
Mutual
funds
|
$
|
14,901,978
|
$
|
6,836,413
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|||
Employer
securities
|
646,687
|
273,172
|
|||||
Guaranteed
interest contract
|
490,153
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0
|
|||||
Participant
loans
|
105,515
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46,410
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|||||
Total
investments
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16,144,333
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7,155,995
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|||||
Receivables:
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|||||||
Employer
contributions
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13,615
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12,072
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|||||
Participant
contributions
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92,632
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46,513
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|||||
Loan
payments
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1,740
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921
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|||||
Total
receivables
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107,987
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59,506
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|||||
NET
ASSETS AVAILABLE FOR BENEFITS
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$
|
16,252,320
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$
|
7,215,501
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|||
2005
|
2004
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||||||
Additions
to net assets attributed to:
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|||||||
Investment
income:
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|||||||
Net
appreciation in fair value of investments
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$
|
993,255
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$
|
829,970
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|||
Interest
and dividends
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201,519
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0
|
|||||
Participant
loan interest
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4,591
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1,459
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|||||
Total
investment income
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1,199,365
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831,429
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|||||
Contributions:
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|||||||
Employee
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2,727,348
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1,503,302
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|||||
Employer
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390,191
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244,241
|
|||||
Rollover
|
864,297
|
177,482
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|||||
Total
contributions
|
3,981,836
|
1,925,025
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|||||
Transfers
from merged plans
|
5,732,037
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0
|
|||||
Total
additions
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10,913,238
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2,756,454
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|||||
Deductions
from net assets attributed to:
|
|||||||
Benefits
paid directly to participants
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1,864,240
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515,726
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|||||
Administrative
expenses
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12,179
|
674
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|||||
Total
deductions
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1,876,419
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516,400
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|||||
Net
increase
|
9,036,819
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2,240,054
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|||||
Net
assets available for benefits:
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|||||||
Beginning
of year
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7,215,501
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4,975,447
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|||||
End
of year
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$
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16,252,320
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$
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7,215,501
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|||
1.
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Description
of Plan
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Years
of Service
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Nonforfeitable
Percentage
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Less
than 1
|
0
|
1
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33
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2
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66
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3
or more
|
100
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2.
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Summary
of Significant Accounting
Policies
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3.
|
Investments |
2005
|
2004
|
||||||
Principal
Life Insurance Company:
|
|||||||
S&P
500 Index
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$
|
1,060,431
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*
|
||||
Lifetime
Strategic Income
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4,140,003
|
*
|
|||||
American
Funds:
|
|||||||
Europacific
Growth
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1,177,680
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*
|
|||||
Growth
Fund of America
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2,617,022
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*
|
|||||
Alliance
Bernstein Large Cap Value
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1,229,495
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*
|
|||||
Janus
Worldwide Fund
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*
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$
|
468,379
|
||||
Janus
Twenty Fund
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*
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515,131
|
|||||
T.
Rowe Price Mid Cap Growth Fund
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*
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955,561
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|||||
T.
Rowe Price Small Cap Stock Fund
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*
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668,028
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|||||
Hartford
Index Fund
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*
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510,270
|
|||||
Hartford
Money Market HLS
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*
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932,052
|
2005
|
2004
|
||||||
Mutual
funds
|
$
|
824,454
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$
|
679,823
|
|||
Employer
securities
|
168,801
|
150,147
|
|||||
Net
appreciation
|
$
|
993,255
|
$
|
829,970
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4.
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Income
Tax Status
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5.
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Plan
Termination
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6.
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Party-In-Interest Transactions |
2005
|
2004
|
||||||
Shares
purchased
|
126,763
|
402,585
|
|||||
Shares
sold
|
233,140
|
318,951
|
|||||
Cost
of shares purchased
|
$
|
903,535
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$
|
367,257
|
|||
Gain
(loss) realized on shares sold
|
$
|
463,370
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$
|
20,804
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7.
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Risks
and Uncertainties
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8.
|
Plan
Mergers
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9.
|
Trustee
Change
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10.
|
Recently Issued Accounting Pronouncements |
(b)
|
(c)
|
(d)
|
(e)
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|
(a)
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Identity
of Issuer
|
Description
|
Cost
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Current
Value
|
*
|
Principal
Life Insurance Company:
|
|||
Bond
and Mortgage Securities
|
Mutual
fund
|
**
|
$407,566
|
|
S&P
500 Index
|
Mutual
fund
|
**
|
1,060,431
|
|
Lifetime
Strategic Income
|
Mutual
fund
|
**
|
4,140,003
|
|
Lifetime
2010
|
Mutual
fund
|
**
|
147,261
|
|
Lifetime
2020
|
Mutual
fund
|
**
|
347,109
|
|
Lifetime
2030
|
Mutual
fund
|
**
|
717,836
|
|
Lifetime
2040
|
Mutual
fund
|
**
|
162,963
|
|
Lifetime
2050
|
Mutual
fund
|
**
|
77,269
|
|
S&P
400 Index
|
Mutual
fund
|
**
|
498,101
|
|
Real
Estate Securities
|
Mutual
fund
|
**
|
166,076
|
|
S&P
600 Index
|
Mutual
fund
|
**
|
713,595
|
|
Small
Cap Value
|
Mutual
fund
|
**
|
579,860
|
|
T.
Rowe Price Large Cap Blend
|
Mutual
fund
|
**
|
15,404
|
|
American
Funds:
|
|
|
||
Europacific
Growth
|
Mutual
fund
|
**
|
1,177,680
|
|
Growth
Fund of America
|
Mutual
fund
|
**
|
2,617,022
|
|
Alliance
Bernstein Large Cap Value
|
Mutual
fund
|
**
|
1,229,495
|
|
Neuberger
Berman Mid Cap Value
|
Mutual
fund
|
**
|
632,361
|
|
American
Century Vista
|
Mutual
fund
|
**
|
57,479
|
|
Fidelity
Advisor Small Cap
|
Mutual
fund
|
**
|
154,467
|
|
|
|
|||
Total
mutual funds
|
**
|
14,901,978
|
||
|
|
|||
*
|
Perficient,
Inc.
|
Employer
securities
|
**
|
646,687
|
*
|
Principal
Life Insurance Company:
|
|
|
|
Fixed
Income
|
Guaranteed
interest contract
|
**
|
490,153
|
|
Participant
Loans
|
Interest
rate of 4% - 9%
|
**
|
105,515
|
|
Total
investments
|
$16,144,333
|
|||
*
Party-in-interest transaction considered exempt by the
DOL.
|
||||
**
Cost omitted for participant-directed investments.
|
Exhibit
|
||
Number
|
Description
|
|
23.1
|
Consent
of Wipfli LLP
|
The Perficient, Inc. 401(k) Employee Savings Plan | |
July 10, 2006 | /s/ Michael D. Hill |
Michael D. Hill | |
Chief Financial Officer |