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FORM 5500 DATA

Girl Scouts of Northern California 403(b) Plan

Overview

Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan01/01/1974
  • Net Assets as of 12/31/2019 $7,846,297
  • Plan Number1
  • Plan Type Single Employer
  • Is the plan collectively bargained? No
  • Did the plan file for an extension of time or the DFVC Program?Yes
  • Plan Funding ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2019

  • Active (Eligible) Participants156
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits82
  • Subtotal238
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total238
  • Total number of participants as of 01/01/2019237
  • Number of participants with account balances228
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested21

Expenses

  • Total Benefit Payments$0
  • Corrective Distributions$0
  • Administrative Service Providers$0
  • Other Expenses$0
  • Total Expenses$0
  • Total Transfers$0

Sponsor Information

  • Address1650 Harbor Bay Parkway, Suite 100
  • CityAlameda
  • StateCA
  • Zip94502
  • Telephone(510) 562-8470
  • EIN94-1551410
  • Industry Code813000

Audit Information

  • Audit StatusAudited
  • AuditorMoss Adams LLP
  • Auditor EIN91-0189318
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
2F ERISA section 404(c) Plan This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
2G Total participant-directed account plan Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2L Code section 403(b)(1) arrangement A 403(b) plan, also known as a tax-sheltered annuity (TSA) plan, is a retirement plan for certain employees of public schools, employees of certain tax-exempt organizations, and certain ministers.
2M Code section 403(b)(7) accounts A 403(b)(7) plan is a tax-deferred retirement plan often available to employees of public schools or non-profit organizations.
2T Participant-directed Account Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
3D Master plan A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

Questions and Answers

Question Answer Amount
During the plan year did the employer fail to transmit to the plan any participant contributions within the time period described in 29 CFT 2510.3-102? No
Were any loans by the plan or fixed income obligations due the plan in default as of the close of plan year or classified during the year as uncollectible? Disregard participant loans secured by participant's account balance. No
Were any leases to which the plan was a party in default or classified during the year as uncollectible? No
Were there any nonexempt transactions with any party-in-interest? No
Was this plan covered by a fidelity bond? Yes $500,000
Did the plan have a loss, whether or not reimbursed by the plan's fidelity bond, that was caused by fraud or dishonesty? No
Did the plan hold any assets whose current value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan receive any noncash contributions whose value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan have assets held for investment? Yes
Were any plan transactions or series of transactions in excess of 5% of the current value of plan assets? No
Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC? No
Has the plan failed to provide any benefit when due under the plan? No
If this is an individual account plan, was there a blackout period? No
If there was a blackout period, have you either provided the required notice or one of the exceptions to providing the notice applied under 29 CFR 2520.101-3? No

Financials

Income and Expense Statement

Income $2,337,654
Contributions $1,008,373
Cash Contributions $1,008,373
Cash from Employers $249,640
Cash from Participants $741,860
Others (including rollovers) $16,873
Noncash Contributions $0
Total Earnings on Investments $1,329,281
Total Interest $7,144
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $2,660
Interest from Other Investments $4,484
Total Dividends $356,126
Preferred Stock $0
Common Stock $0
Rents $0
Net gain (loss) on sale of assets $0
Aggregate Proceeds $0
Aggregate Carrying Amount $0
Total Unrealized Appreciation (depreciation) of assets $0
Real Estate $0
Other $0
Net investment gain (loss) from common/collective trusts $0
Net investment gain (loss) from pooled separate accounts $0
Net investment gain (loss) from master trust investment accounts $0
Net investment gain (loss) from 103-12 investment entities $0
Net investment gain (loss) from registered investment companies $966,011
Other Income $0
Expenses $401,486
Total Benefit Payments $393,340
Directly to participants or beneficiaries, including direct rollovers $393,340
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $8,146
Professional Fees $0
Contract Administrator Fees $8,146
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $1,936,168
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2019 12/31/2018 Change YOY
Total Assets $7,846,297 $5,910,129 32.76%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $0 $0 0.0%
Employer Contributions $0 $0 0.0%
Participant Contributions $0 $0 0.0%
Other Contributions $0 $0 0.0%
General Investments $0 $0 0.0%
Interest-bearing cash $0 $0 0.0%
U.S. Government Securities $0 $0 0.0%
Corporate Debt Instruments $0 $0 0.0%
Preferred $0 $0 0.0%
All Other $0 $0 0.0%
Corporate Stocks $0 $0 0.0%
Preferred $0 $0 0.0%
Common $0 $0 0.0%
Partnership/joint venture interests $0 $0 0.0%
Real estate (other than employer real property) $0 $0 0.0%
Loans (other than to participants) $0 $0 0.0%
Participants Loans $57,020 $20,174 182.64%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $0 $0 0.0%
Value of interest in master trust investment accounts $0 $0 0.0%
Value of interest in 103-12 investment entities $0 $0 0.0%
Value of interest in registered investment companies $7,641,817 $5,716,962 33.67%
Value of funds held in insurance co. general account $147,460 $172,993 -14.76%
Other Investments $0 $0 0.0%
Employer-related Investments $0 $0 0.0%
Employer Securities $0 $0 0.0%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $0 $0 0.0%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $0 $0 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $7,846,297 $5,910,129 32.76%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Fidelity Management & Research Co
  • The Vanguard Group
  • Deutsche Investment Management Amer
  • Oppenheimer Funds Inc
  • American Century Investment Mgmnt
  • Calvert Investment Mgmnt Inc
  • Capital Research and Management Co
  • Pimco
  • T. Rowe Price Assoc., Inc.
  • Mfs Variable Insurance Trust III
  • Victory Variable Ins Funds
  • Neuberger Berman Bd LLC
  • Goldman Sachs Var Ins Trust
  • Delaware Vip Trust

Other Service Providers Receiving Direct or Indirect Compensation

Name Nature of Service Relationship to Plan Sponsor Direct Compensation Paid by Plan Indirect Compensation Paid by Plan Total Compensation
T. Rowe Price Rps Inc Recordkeeping and information management (computing, tabulating, data processing, etc.) NONE $1,900 $11,857 $13,757
Variable Annuity Life Insurance Co. Contract Administrator, Recordkeeping and information management (computing, tabulating, data processing, etc.) NONE $812 $0 $812
Mutual of America Life Ins Co Claims processing, Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Account maintenance fees NONE $552 $0 $552
Total $3,264 $11,857 $15,121

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
T. Rowe Price Rps Inc. Various Investments Recordkeeping and information management (computing, tabulating, data processing, etc.), Shareholder servicing fees See Attached $11,857
*As outlined by the Form 5500 Instructions for service providers with indirect compensation.

Service Providers Who Fail or Refuse to Provide Information

There are no service providers who failed or refused to provide information.

Termination Information on Accountants and Enrolled Actuaries

There is no termination information for this plan.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Separate Account Number 2 Mutual of America Life Insurance Company DFE: Pooled Separate Account $244,552
Total $244,552

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Mutual of America Life Insurance Company 71
EIN 13-1614399
Industry Code 88668
Contract Number 069625-K
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $151,260
Value in Separate Accounts at Year End $244,552
Insurance Fees and Commissions $0
Persons Receiving Commissions and Fees There are no brokers listed for this plan.
Allocated Funds
Type of Contract Unspecified
Basis of premium rates
Premiums paid to carrier $0
Premiums due but unpaid at the end of the year $0
If the carrier, service, or other organization incurred any specific costs in connection with the acquisition or retention of the contract or policy, enter amount $0
Specify the nature of the costs
Unallocated Funds
Type of Contract Deposit Administration
Balance at the end of the previous year $160,566
Additions $4,787
Contributions Deposited during the year $0
Dividends and credits $4,787
Interest credited during the year $0
Transferred from separate account $0
Other $0
Total of Balance and Additions $165,353
Deductions $14,093
Disbursed from fund to pay benefits or purchase annuities during the year $13,855
Administration charge made by carrier $238
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $151,260
Variable Annuity Life Insurance Co. 13
EIN 74-1625348
Industry Code 70238
Contract Number 14625
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $124,065
Value in Separate Accounts at Year End $155,751
Insurance Fees and Commissions $54
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Carnell A. Freeman 2929 Allen Parkway Houston, TX 77019 Insurance Agent or Broker $37 $0
Jeffrey Isley 2929 Allen Parkway Houston, TX 77019 Insurance Agent or Broker $17 $0
Allocated Funds
Type of Contract Unspecified
Basis of premium rates
Premiums paid to carrier $0
Premiums due but unpaid at the end of the year $0
If the carrier, service, or other organization incurred any specific costs in connection with the acquisition or retention of the contract or policy, enter amount $0
Specify the nature of the costs
Unallocated Funds
Type of Contract Deposit Administration
Balance at the end of the previous year $150,278
Additions $4,264
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $3,802
Transferred from separate account $462
Other $0
Total of Balance and Additions $154,542
Deductions $30,477
Disbursed from fund to pay benefits or purchase annuities during the year $30,318
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $159
Balance at the end of the current year $124,065