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Overview

Plan Information

  • Plan Year01/01/2006 — 12/31/2006
  • Date of Plan07/01/1998
  • Net Assets as of 12/31/2006 $12,929,901
  • Plan Number1
  • 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 ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2006

  • Active (Eligible) Participants294
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits151
  • Subtotal445
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total445
  • Total number of participants as of 01/01/2006448
  • Number of participants with account balances340
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested0
  • Number of participants required to be reported on Schedule SSA168

Expenses

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

Sponsor Information

  • Address800 Connecticut Ave
  • CityNorwalk
  • StateCT
  • Zip06854-1631
  • Telephone(203) 299-8000
  • EIN06-1528493
  • Industry Code454110
  • Named AdministratorDaniel J. Finnegan
  • Named Plan SponsorDaniel J. Finnegan

Plan Administrator Information

  • Administrator NameSAME
  • Administrator EIN

Audit Information

  • Audit StatusAudited
  • AuditorDeloitte & Touche, LLP
  • Auditor EIN13-3891517
  • 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 $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 $3,420,681
Contributions $2,060,940
Cash Contributions $2,060,940
Cash from Employers $166
Cash from Participants $1,883,444
Others (including rollovers) $177,330
Noncash Contributions $0
Total Earnings on Investments $1,354,633
Total Interest $4,845
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $4,845
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 $0
Net investment gain (loss) from pooled separate accounts $1,349,788
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 $5,108
Expenses $619,541
Total Benefit Payments $576,909
Directly to participants or beneficiaries, including direct rollovers $576,909
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 $42,632
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $42,632
Other Administrative Fees $0
Net Income $2,801,140
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 $12,929,901 $10,128,761 27.66%
Total noninterest-bearing cash $0 $0 0.0%
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 $69,571 $73,427 -5.25%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $12,860,330 $10,055,334 27.90%
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 $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 $12,929,901 $10,128,761 27.66%

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
Massmutual Life Insurance Company Investment Management, Recordkeeping $0 $32,450 $32,450
Total $0 $32,450 $32,450

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Sia-W8 (Equity Growth) Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $2,250,611
Sia-I (Premier International Eq) Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $1,943,953
Sia-W9 (Select Mid Cap Growth Ii) Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $1,302,547
Sia-W1 (Select Blue Chip Growth) Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $1,047,223
Sia-J (Select Large Cap Value) Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $1,041,191
Sia-W3 (Equity Income Ii) Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $749,449
Sia-G (Premier Money Market) Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $695,127
Sia-Nm (Premier Small Co Opp) Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $640,392
Sia-Sc (Select Sm Cap Gr) Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $608,272
Sia-N8 (Premier Stategic Income) Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $593,421
Sia-E (Premier Core Bond) Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $471,042
Sia-X (Select Indexed Equity) Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $370,679
Sia-Vr (Adv Mid Cap Disc) Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $332,781
Sia-Lb (Sel Strategic Balanced) Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $269,522
Sia-Rm (Growth Trust) Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $229,228
Sia-Zn (Select Otc 100) Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $161,844
Sia-L (Select Growth Equity) Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $153,048
Sia-Sr (Select Emerging Growth) Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $0
Sia-W0 (Emerging Growth) Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $0
Sia-N5 (Premier Main Street) Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $0
Total $12,860,330

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Massachusetts Mutual Life Insurance Company 359
EIN 04-1590850
Industry Code 65935
Contract Number RM 80226-1
Contract Year 01/01/2006 — 12/31/2006
Value in General Account at Year End $0
Value in Separate Accounts at Year End $12,860,330
Insurance Fees and Commissions $7,056
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Peter L. Hart 2150 Post Road 5th Floor Fairfield, CT 06824 -5669 Insurance Agent or Broker $7,056 $0
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
Balance at the end of the previous year $0
Additions $2,100,939
Contributions Deposited during the year $1,883,610
Dividends and credits $0
Interest credited during the year $0
Transferred from separate account $0
Other $217,329
Total of Balance and Additions $2,100,939
Deductions $2,100,939
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $0
Transferred to Separate Account $2,100,939
Other $0
Balance at the end of the current year $0