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Bob Jones University

Plan Rating
OverviewFinancialsService ProvidersInvestmentsInsurance Information
FORM 5500 DATA

The Bob Jones University Retirement Fund

Form 5500 Year:

Plan Rating
OverviewFinancialsService ProvidersInvestmentsInsurance Information

Overview

Plan Information

  • Plan Year06/01/2007 — 05/31/2008
  • Date of Plan06/01/1989
  • Net Assets as of 05/31/2008 $47,816,403
  • 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? No
  • Plan Funding Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 05/31/2008

  • Active (Eligible) Participants1,409
  • Retired or separated participants receiving benefits2
  • Other retired or separated participants entitled to future benefits312
  • Subtotal1,723
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits3
  • Total1,726
  • Total number of participants as of 06/01/20071,714
  • Number of participants with account balances1,726
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested33
  • Number of participants required to be reported on Schedule SSA32

Expenses

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

Sponsor Information

  • Address1700 Wade Hampton Blvd
  • CityGreenville
  • StateSC
  • Zip29614-1000
  • Telephone(864) 242-5100
  • EIN57-0360095
  • Industry Code611000
  • Named AdministratorJohn D. Matthews
  • Named Plan SponsorJohn D. Matthews

Plan Administrator Information

  • Administrator NameSAME
  • Administrator EIN

Audit Information

  • Audit StatusAudited
  • AuditorMartin Smith & Company
  • Auditor EIN26-0793942
  • 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.

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? 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 $2,471,978
Contributions $2,715,000
Cash Contributions $2,715,000
Cash from Employers $2,077,801
Cash from Participants $637,199
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $-243,022
Total Interest $51,776
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $51,776
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 $-294,798
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 $2,803,984
Total Benefit Payments $2,798,305
Directly to participants or beneficiaries, including direct rollovers $2,798,305
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 $5,679
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $5,679
Net Income $-332,006
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

05/31/2008 05/31/2007 Change YOY
Total Assets $47,816,510 $48,148,463 -0.69%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $176,797 $81,084 118.04%
Employer Contributions $141,193 $63,938 120.83%
Participant Contributions $35,604 $17,146 107.65%
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 $756,609 $776,342 -2.54%
Value of interest in common/collective trusts $46,883,104 $47,291,037 -0.86%
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 $0 $0 0.0%
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 $107 $54 98.15%
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) $107 $54 98.15%
Net Assets $47,816,403 $48,148,409 -0.69%

Service Providers

Service Providers

Name Nature of Service Relationship to Plan Sponsor Gross Salary or Allowances Paid by Plan Fees and Commissions Paid by Plan Total Salary/Fees
Russell Investments Trustee (Corporate) $0 $5,679 $5,679
Total $0 $5,679 $5,679

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Global Balanced Fund Frank Russell Trust Company DFE: Common/Collective Trust $35,022,228
Investment Contract Fund Frank Russell Trust Company DFE: Common/Collective Trust $3,820,004
Global Equity Fund Frank Russell Trust Company DFE: Common/Collective Trust $3,641,744
Aggressive Balanced Fund Frank Russell Trust Company DFE: Common/Collective Trust $2,601,574
Balanced Income Fund Frank Russell Trust Company DFE: Common/Collective Trust $1,217,288
Domestic Conservative Balanced Fund Frank Russell Trust Company DFE: Common/Collective Trust $526,029
Russell Short-Trem Investment Fund Frank Russell Trust Company DFE: Common/Collective Trust $54,237
Total $46,883,104

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.