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FORM 5500 DATA

The Nature Conservancy Savings and Retirement Plan

Overview

Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan06/01/1984
  • Net Assets as of 12/31/2019 $813,048,239
  • Plan Number3
  • 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) Participants3,327
  • Retired or separated participants receiving benefits62
  • Other retired or separated participants entitled to future benefits1,892
  • Subtotal5,281
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits6
  • Total5,287
  • Total number of participants as of 01/01/20195,125
  • Number of participants with account balances5,216
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested108

Expenses

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

Sponsor Information

  • Address4245 N. Fairfax Drive, Ste 100
  • CityArlington
  • StateVA
  • Zip22203
  • Telephone(703) 841-4165
  • EIN53-0242652
  • Industry Code813000
  • Named AdministratorRebecca Brake

Audit Information

  • Audit StatusAudited
  • AuditorCalibre CPA Group
  • Auditor EIN47-0900880
  • Audit OpinionUnqualified
  • Audit Type Full Audit

Benefits Provided Under the Plan

Code Benefit Description
2A Age/Service Weighted or New Comparability or Similar Plan Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New Comparability or Similar Plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the threshold or additional rate allowed under the permitted disparity rules of section 401(l)
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.
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.

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 $5,000,000
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? 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 $199,779,419
Contributions $51,977,008
Cash Contributions $51,977,008
Cash from Employers $19,759,123
Cash from Participants $29,681,096
Others (including rollovers) $2,536,789
Noncash Contributions $0
Total Earnings on Investments $147,802,411
Total Interest $793,934
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $211,076
Interest from Other Investments $582,858
Total Dividends $147,008,477
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 $0
Other Income $0
Expenses $41,819,910
Total Benefit Payments $41,819,910
Directly to participants or beneficiaries, including direct rollovers $41,734,831
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $85,079
Corrective Distributions $0
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $0
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $157,959,509
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 $813,048,239 $655,088,730 24.11%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $2,179,442 $2,041,513 6.76%
Employer Contributions $802,110 $772,634 3.82%
Participant Contributions $1,231,581 $1,138,139 8.21%
Other Contributions $145,751 $130,740 11.48%
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 $4,041,796 $4,057,118 -0.38%
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 $755,803,953 $597,020,608 26.60%
Value of funds held in insurance co. general account $51,023,048 $51,969,491 -1.82%
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 $813,048,239 $655,088,730 24.11%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Fidelity Investments Institutional

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
Strategic Advisors, Inc. Investment advisory (plan) Advisor $83,078 $0 $83,078
Fidelity Investments Institutional Sub-transfer agency fees, Recordkeeping fees, Account maintenance fees, Securities brokerage commissions and fees Recordkeeper $-565,747 $0 $-565,747
Total $-482,669 $0 $-482,669

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Fidelity Investments Institutional Calvert Equity I - Dst Asset Manag Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Calvert Intl Eq I - Dst Asset Mana Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Cohen & Steers Rlty - Boston Finan Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Dodge & Cox Intl Stk - Dst Asset M Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Green Cent Eq Inst - Atlantic Shar Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Green Century Bal - Atlantic Share Sub-transfer agency fees 0.55% $0
Fidelity Investments Institutional Green Century Equity - Atlantic Sh Sub-transfer agency fees 0.55% $0
Fidelity Investments Institutional Nb Lg Cap Val Inst - Dst Asset Man Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Oakmark Eq & Inc Inv - Dst Asset M Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Pax Glb Env Mkt Is - Bny Mellon In Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Principal Fixed Acct Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Trp Blue Chip Grth - T. Rowe Price Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Trp Short Term Bond - T. Rowe Pric Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Invesco Equally Weighted S&P 500 A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional American Beacon Tocqueville Int Va Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Artisan High Income Fund Investor Sub-transfer agency fees 0.39% $0
Fidelity Investments Institutional Baron Asset Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Blackrock Technologyopportunities Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Blackrock Total Return Fund Cl A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Buffalo Discovery Fund Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Calvert Small Cap Cl A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Calvert Green Bond Fund Cl A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Calvert Short Duration Inc Cl A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Calvert Absolute Return Bond Fd Cl Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Calvert Emerging Markets Equity Cl Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Domini Impact Intl Equity Investor Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Doubleline Total Rt Bond Fd Cl N Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Firsthand Technologyopportunities Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Hussman Strategic Growth Sub-transfer agency fees $12.00 $0
Fidelity Investments Institutional Wcm Focused Intl Growth Fund Inves Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional John Hancock Disciplined Value A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Jpmorgan Equity Income Fund Cl A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Mfs Mid Cap Value Class A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Needham Small Cap Growth Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Northern High Yield Fixed Income Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Pimco Intl Bd Fd (U.S. Dollar Hedg Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Parnassus Mid Cap Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Pimco Income Fund Cl A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional T Rowe Price Health Sciences Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional T Rowe Price Global Technology Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Akre Focus Fund Retail Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Pgim Short Term Corp Bond Cl A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional T Rowe Price Blue Chip Growth Inc Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Templeton Global Bond Class A Sub-transfer agency fees $16.00 $0
Fidelity Investments Institutional Thrivent High Yield Fund Cl S Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Victory Integrity Small Cap Value Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Virtus Kar Mid Cap Growth Fund Cl Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Wells Fargo Special Small Cap Valu Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Wells Fargo Special Mid Cap Cl A Sub-transfer agency fees 0.40% $0
*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

No investments information available for this plan.

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Principal Life Insurance Company 738
EIN 42-0127290
Industry Code 61271
Contract Number 711493/437900
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $0
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $129,392
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Fidelity Investments Tax-Exempt Ser 82 Devonshire St Boston, MA 02109 Insurance Agent or Broker $0 $129,392 REFERRAL/SERVICE FEE
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 GUARANTEED INT BAL CONTRACT
Balance at the end of the previous year $51,969,491
Additions $14,222,489
Contributions Deposited during the year $7,583,949
Dividends and credits $0
Interest credited during the year $924,530
Transferred from separate account $0
Other $5,714,010
Total of Balance and Additions $66,191,980
Deductions $8,239,884
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 $8,239,884
Balance at the end of the current year $57,952,096