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Overview

Plan Information

  • Plan Year01/01/2017 — 12/31/2017
  • Date of Plan12/01/1998
  • Net Assets as of 12/31/2017 $1,221,152,878
  • Plan Number1
  • Plan Type Multi-Employer
  • Is the plan collectively bargained?Yes
  • 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 12/31/2017

  • Active (Eligible) Participants1,773
  • Retired or separated participants receiving benefits381
  • Other retired or separated participants entitled to future benefits3,257
  • Subtotal5,411
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits8
  • Total5,419
  • Total number of participants as of 01/01/20175,074
  • Number of participants with account balances5,369
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested0

Expenses

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

Sponsor Information

  • Address200 St. Paul Street, Suite 2420
  • CityBaltimore
  • StateMD
  • Zip21202
  • Telephone(410) 685-5069
  • EIN26-0181656
  • Industry Code711210
  • Named AdministratorTed Phillips
  • Named Plan SponsorSam Mccullum

Audit Information

  • Audit StatusAudited
  • AuditorAbrams Foster Nole & Williams, P.A.
  • Auditor EIN52-1854049
  • Audit OpinionUnqualified
  • Audit Type Full 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.
3C Plan not intended to be qualified A plan not intended to be qualified under Code sections 401, 403, or 408.

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 $2,000,000
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

Financials

Income and Expense Statement

Income $207,625,368
Contributions $47,399,585
Cash Contributions $47,399,585
Cash from Employers $47,399,585
Cash from Participants $0
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $160,156,433
Total Interest $-3,485
Interest-Bearing Cash $-3,485
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 $28,191,802
Preferred Stock $0
Common Stock $0
Rents $0
Net gain (loss) on sale of assets $2,360,566
Aggregate Proceeds $20,867,463
Aggregate Carrying Amount $18,506,897
Total Unrealized Appreciation (depreciation) of assets $28,590,369
Real Estate $0
Other $28,590,369
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 $101,017,181
Other Income $69,350
Expenses $52,961,185
Total Benefit Payments $48,603,236
Directly to participants or beneficiaries, including direct rollovers $48,603,236
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 $4,357,949
Professional Fees $1,032,031
Contract Administrator Fees $20,000
Investment Advisory and management fees $1,561,413
Other Administrative Fees $1,744,505
Net Income $154,664,183
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2017 12/31/2016 Change YOY
Total Assets $1,227,658,986 $1,074,073,072 14.30%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $590,622 $674,597 -12.45%
Employer Contributions $0 $0 0.0%
Participant Contributions $0 $0 0.0%
Other Contributions $590,622 $674,597 -12.45%
General Investments $16,834,748 $20,437,921 -17.63%
Interest-bearing cash $16,834,748 $20,437,921 -17.63%
U.S. Government Securities $0 $0 0.0%
Corporate Debt Instruments $425,149,901 $400,900,102 6.05%
Preferred $0 $0 0.0%
All Other $425,149,901 $400,900,102 6.05%
Corporate Stocks $4,337,201 $4,660,907 -6.95%
Preferred $0 $0 0.0%
Common $4,337,201 $4,660,907 -6.95%
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 $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 $780,746,514 $647,399,545 20.60%
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 $6,506,108 $7,584,377 -14.22%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $730,869 $1,892,222 -61.38%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $5,775,239 $5,692,155 1.46%
Net Assets $1,221,152,878 $1,066,488,695 14.50%

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
B Bell/P Rozelle Nfl Player Ret Pl Contract Administrator, Direct payment from the plan NONE $917,623 $0 $917,623
AON Actuarial, Direct payment from the plan, Recordkeeping fees NONE $691,763 $0 $691,763
Pfm Asset Management Investment advisory (plan), Investment management, Investment management fees paid directly by plan NONE $570,000 $0 $570,000
Coho Partners Ltd. Investment management, Investment management fees paid directly by plan NONE $399,240 $0 $399,240
Earnest Partners Investment management, Investment management fees paid directly by plan NONE $368,513 $2,998 $371,511
Groom Law Group Legal, Direct payment from the plan NONE $252,468 $0 $252,468
Dodge & Cox Investment management, Investment management fees paid directly by plan NONE $212,425 $0 $212,425
Bank of New York Mellon Trustee (bank, trust company, or similar financial institution), Direct payment from the plan, Shareholder servicing fees, Float revenue NONE $145,935 $0 $145,935
Abrams,Foster,Nole & Williams, P.A. Accounting (including auditing), Direct payment from the plan NONE $71,300 $0 $71,300
Rr Donnelley Copying and duplicating, Direct payment from the plan NONE $55,532 $0 $55,532
Rcm&D Insurance services, Direct payment from the plan NONE $30,668 $0 $30,668
Cloudberry Creative Inc. Other services, Direct payment from the plan NONE $27,359 $0 $27,359
USA Risk Group of Vermont Contract Administrator, Direct payment from the plan NONE $20,000 $0 $20,000
Alight Solutions LLC Actuarial, Direct payment from the plan, Recordkeeping fees NONE $16,500 $0 $16,500
Portfolio Evaluations, Inc. Investment advisory (plan), Investment management fees paid directly by plan NONE $6,564 $0 $6,564
Total $3,785,890 $2,998 $3,788,888

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.

Investments

Investments

No investments information available for this plan.

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Nfl Player Annuity & Insurance Company 5,419
EIN 03-0360231
Industry Code 0
Contract Number 030360231
Contract Year 01/01/2017 — 12/31/2017
Value in General Account at Year End $10,234,630
Value in Separate Accounts at Year End $349,219,919
Insurance Fees and Commissions $1,338,545
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Nfl Player Annuity & Insurance Co 2418 Airport Road, Suite 2A Barre, VT 05641 Other $0 $1,338,545 CONTRACT HOLDER FEES
Allocated Funds
Type of Contract Group Deferred Annuity
Basis of premium rates Fixed Amount Pursuant To Collective Bargaining Agreement
Premiums paid to carrier $4,373,590
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