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Agc of America, San Diego Chapter, Inc. Retirement Trust Fund

Plan Rating

Associated General Contractors of America, San Diego Chapter, Inc. Retirement Trust Fund Employee Pension Benefit Plan


Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan12/31/2010
  • Net Assets as of 12/31/2019 $33,870,441
  • Plan Number1
  • Plan Type Multiple Employer
  • Is the plan collectively bargained? No
  • Did the plan file for an extension of time or the DFVC Program?Yes
  • Plan Funding Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2019

  • Active (Eligible) Participants299
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits395
  • Subtotal694
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total694
  • Total number of participants as of 01/01/2019704
  • Number of participants with account balances694
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested10


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

Sponsor Information

  • Address404 Camino Del Rio South, Suite 608
  • CitySan Diego
  • StateCA
  • Zip92108
  • Telephone(619) 683-2102
  • EIN33-6297103
  • Industry Code238900

Plan Administrator Information

  • Administrator NameTrustees of The Associated General Contractors of America, Sd Chap Inc
  • Address404 Camino Del Rio South, Suite 608
  • CitySan Diego
  • StateCA
  • Zip92108
  • Telephone(619) 683-2102
  • Administrator EIN95-4143653

Audit Information

  • Audit StatusAudited
  • AuditorMoss Adams, LLP
  • Auditor EIN91-0189318
  • Audit OpinionUnqualified
  • Audit Type Full Audit

Benefits Provided Under the Plan

Code Benefit Description
2C Money purchase A pension plan, other than a target benefit plan that requires a fixed percentage of compensation to be contributed to each eligible employee.
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.
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 $1,000,000
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? Yes
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


Income and Expense Statement

Income $6,849,807
Contributions $1,243,216
Cash Contributions $1,243,216
Cash from Employers $1,243,216
Cash from Participants $0
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $5,583,415
Total Interest $9,873
Interest-Bearing Cash $9,873
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $0
Interest from Other Investments $0
Total Dividends $449,169
Preferred Stock $0
Common Stock $0
Rents $0
Net gain (loss) on sale of assets $1,036,738
Aggregate Proceeds $1,036,738
Aggregate Carrying Amount $0
Total Unrealized Appreciation (depreciation) of assets $3,006,987
Real Estate $0
Other $3,006,987
Net investment gain (loss) from common/collective trusts $548,690
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 $531,958
Other Income $23,176
Expenses $1,558,844
Total Benefit Payments $1,254,908
Directly to participants or beneficiaries, including direct rollovers $1,254,908
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 $303,936
Professional Fees $147,207
Contract Administrator Fees $5,100
Investment Advisory and management fees $151,629
Other Administrative Fees $0
Net Income $5,290,963
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 $33,969,267 $28,714,547 18.30%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $111,332 $124,803 -10.79%
Employer Contributions $98,682 $109,833 -10.15%
Participant Contributions $0 $0 0.0%
Other Contributions $12,650 $14,970 -15.50%
General Investments $1,648,864 $784,998 110.05%
Interest-bearing cash $1,648,864 $784,998 110.05%
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 $15,766,290 $16,494,419 -4.41%
Preferred $0 $0 0.0%
Common $15,766,290 $16,494,419 -4.41%
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 $0 $0 0.0%
Value of interest in common/collective trusts $8,768,509 $7,926,978 10.62%
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 $7,674,272 $3,383,349 126.82%
Value of funds held in insurance co. general account $0 $0 0.0%
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 $98,826 $135,069 -26.83%
Benefit Claims Payable (1) $30,172 $30,645 -1.54%
Operating Payables (1) $68,654 $104,424 -34.25%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $33,870,441 $28,579,478 18.51%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

There is no information on eligible indirect compensation for this plan.

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
Agc Retirement Trust Investment advisory (participants) Trustee (Corporate) $147,207 $0 $147,207
Brandywine Investment advisory (participants) Investment Manager $46,296 $0 $46,296
Clarivest Investment advisory (participants) Investment Manager $43,746 $0 $43,746
Clelland Investment advisory (participants) Investment Manager $35,000 $0 $35,000
Pnc Capital Investment advisory (participants) Investment Manager $14,427 $0 $14,427
Total $286,676 $0 $286,676

Indirect Compensation

There are no service providers with indirect compensation listed for this plan.

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.



Name of Investment Investment Manager Type of Investment Dollar Value
Jpmorgan Intermediate Bond Trust Jp Morgan Institutional Trust DFE: Common/Collective Trust $8,768,509
Total $8,768,509

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.