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FORM 5500 DATA

National Association Of Broadcasters 401k Thrift & Savings Plan

Overview

Plan Information

  • Plan Year01/01/2006 — 12/31/2006
  • Date of Plan10/01/1981
  • Net Assets as of 12/31/2006 $12,514,188
  • Plan Number2
  • 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 12/31/2006

  • Active (Eligible) Participants134
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits53
  • Subtotal187
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total187
  • Total number of participants as of 01/01/2006186
  • Number of participants with account balances176
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested22
  • Number of participants required to be reported on Schedule SSA41

Expenses

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

Sponsor Information

  • Address1771 N St NW
  • CityWashington
  • StateDC
  • Zip20036-2800
  • Telephone(202) 429-5300
  • EIN53-0114600
  • Industry Code515100
  • Named AdministratorMichael Williams
  • Named Plan SponsorTheresa Bates

Plan Administrator Information

  • Administrator NameSAME
  • Administrator EIN

Audit Information

  • Audit StatusAudited
  • AuditorTate & Tyron, CPAS
  • Auditor EIN52-1855942
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
2E Profit-sharing A defined contribution plan that allows employer discretionary contributions. These plans often contain a 401(k) feature.
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.
2J Code section 401(k) feature A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
2K Code section 401(m) arrangement Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contributions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
2R Brokerage Window Participant-directed brokerage accounts provided as an investment option under the plan.

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

Financials

Income and Expense Statement

Income $2,593,065
Contributions $1,318,581
Cash Contributions $1,318,581
Cash from Employers $329,983
Cash from Participants $988,598
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $1,222,775
Total Interest $9,758
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $9,758
Interest from Other Investments $0
Total Dividends $0
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 $150,669
Net investment gain (loss) from pooled separate accounts $346,348
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 $716,000
Other Income $51,709
Expenses $3,286,135
Total Benefit Payments $3,285,785
Directly to participants or beneficiaries, including direct rollovers $3,285,785
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 $350
Professional Fees $0
Contract Administrator Fees $350
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $-693,070
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2006 12/31/2005 Change YOY
Total Assets $12,514,188 $13,207,258 -5.25%
Total noninterest-bearing cash $0 $68 -100.00%
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 $119,784 $156,410 -23.42%
Value of interest in common/collective trusts $1,494,986 $0 0.0%
Value of interest in pooled separate accounts $1,717,357 $9,598,545 -82.11%
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 $9,133,241 $0 0.0%
Value of funds held in insurance co. general account $0 $3,402,394 -100.00%
Other Investments $48,820 $49,841 -2.05%
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 $12,514,188 $13,207,258 -5.25%

Service Providers

Service Providers

There are no service providers listed for this plan.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
New York Life Anchor Account New York Life Insurance Company DFE: Pooled Separate Account $1,717,357
Core Bond/Bsam Fund Prudential Retirement Ins. DFE: Pooled Separate Account $0
Oppenheimer Global-Cl A Prudential Retirement Ins. DFE: Pooled Separate Account $0
Large Cap Value/John A. Levin Prudential Retirement Ins. DFE: Pooled Separate Account $0
Lifetime20 Fund Prudential Retirement Ins. DFE: Pooled Separate Account $0
Small Cap Growth/Timesquare Prudential Retirement Ins. DFE: Pooled Separate Account $0
Large Cap Growth/Turner Inv Prudential Retirement Ins. DFE: Pooled Separate Account $0
Amer Cent Intl Gro Acct (Inv) Prudential Retirement Ins. DFE: Pooled Separate Account $0
Lifetime50 Fund Prudential Retirement Ins. DFE: Pooled Separate Account $0
Lifetime30 Fund Prudential Retirement Ins. DFE: Pooled Separate Account $0
Int'L Blend/The Boston Company Prudential Retirement Ins. DFE: Pooled Separate Account $0
Large Cap Blend/Victory Fund Prudential Retirement Ins. DFE: Pooled Separate Account $0
Dryden S&P 500 Index Fund Prudential Retirement Ins. DFE: Pooled Separate Account $0
Fidelity Contrafund Prudential Retirement Ins. DFE: Pooled Separate Account $0
Sm Val/Perkins Wolf Mcdonnell Prudential Retirement Ins. DFE: Pooled Separate Account $0
Vanguard Wellington-Admiral Sh Prudential Retirement Ins. DFE: Pooled Separate Account $0
Mid Cap Value/Wellington Mgmt Prudential Retirement Ins. DFE: Pooled Separate Account $0
Md Cap Growth/Artisan Partners Prudential Retirement Ins. DFE: Pooled Separate Account $0
Lifetime40 Fund Prudential Retirement Ins. DFE: Pooled Separate Account $0
Lifetime60 Fund Prudential Retirement Ins. DFE: Pooled Separate Account $0
Total $1,717,357

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
New York Life Insurance Company 176
EIN 13-5582869
Industry Code 66915
Contract Number 30500
Contract Year 07/03/2006 — 12/31/2006
Value in General Account at Year End $0
Value in Separate Accounts at Year End $1,717,357
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 Unspecified
Balance at the end of the previous year $0
Additions $0
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $0
Transferred from separate account $0
Other $0
Total of Balance and Additions $0
Deductions $0
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $0
Prudential Retirement Insurance and Annuity Company 176
EIN 06-1050034
Industry Code 93629
Contract Number 10467002
Contract Year 01/01/2006 — 12/31/2006
Value in General Account at Year End $0
Value in Separate Accounts at Year End $0
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 Unspecified
Balance at the end of the previous year $3,402,394
Additions $212,737
Contributions Deposited during the year $147,383
Dividends and credits $0
Interest credited during the year $52,686
Transferred from separate account $4,915
Other $7,753
Total of Balance and Additions $3,615,131
Deductions $3,615,131
Disbursed from fund to pay benefits or purchase annuities during the year $3,495,730
Administration charge made by carrier $50
Transferred to Separate Account $62,347
Other $57,004
Balance at the end of the current year $0