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Overview

Plan Information

  • Plan Year01/01/2009 — 12/31/2009
  • Date of Plan07/01/1998
  • Net Assets as of 12/31/2009 $20,950,760
  • 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?Yes
  • Plan Funding ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2009

  • Active (Eligible) Participants361
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits149
  • Subtotal510
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total510
  • Total number of participants as of 01/01/2009518
  • Number of participants with account balances426
  • 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

  • Address800 Connecticut Ave.
  • CityNorwalk
  • StateCT
  • Zip06854-1625
  • Telephone(203) 299-8000
  • EIN06-1528493
  • Industry Code454110
  • Named AdministratorDaniel J. Finnegan
  • Named Plan SponsorDaniel J. Finnegan

Plan Administrator Information

  • Administrator NamePriceline.Com, Inc.
  • Address800 Connecticut Ave.
  • CityNorwalk
  • StateCT
  • Zip06854-1625
  • Telephone(203) 299-8000
  • Administrator EIN06-1528493

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.
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.

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
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 $7,888,744
Contributions $3,692,879
Cash Contributions $3,692,879
Cash from Employers $891,224
Cash from Participants $2,763,546
Others (including rollovers) $38,109
Noncash Contributions $0
Total Earnings on Investments $4,195,865
Total Interest $3,859
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $3,859
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 $4,192,006
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 $365,393
Total Benefit Payments $364,243
Directly to participants or beneficiaries, including direct rollovers $364,243
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 $1,150
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $1,150
Other Administrative Fees $0
Net Income $7,523,351
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2009 12/31/2008 Change YOY
Total Assets $20,950,760 $13,427,409 56.03%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $891,224 $841,075 5.96%
Employer Contributions $891,224 $841,075 5.96%
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 $103,198 $51,002 102.34%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $19,956,338 $12,535,332 59.20%
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 $20,950,760 $13,427,409 56.03%

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
Retirement & Benefit Systems, LLC Contract Administrator Third Party Administrator $0 $7,030 $7,030
Massachusetts Mutual Life Insurance Trustee (discretionary), Investment management fees paid indirectly by plan, Distribution (12b-1) fees, Other investment fees and expenses Contract Administrator $1,150 $0 $1,150
Total $1,150 $7,030 $8,180

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Massachusetts Mutual Life Insurance Massachusetts Mutual Life Insurance Trustee (discretionary), Investment management fees paid indirectly by plan, Distribution (12b-1) fees, Other investment fees and expenses See Attachment $1,150
*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

Name of Investment Investment Manager Type of Investment Dollar Value
Sia-I Premier International Eq Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $2,390,954
Sia-G Premier Money Market Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $2,189,308
Sia-W8 Equity Growth Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $2,155,535
Sia-W8 Equity Growth Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $2,155,535
Sia- W9 Select Mid Cap Gr II Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $1,719,402
Sia-E Premier Core Bond Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $1,678,204
Sia-J Select Large Cap Value Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $1,317,504
Sia-W1 Select Blue Chip Growth Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $1,256,897
Sia-N8 Premier Stategic Income Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $1,025,863
Sia-Cj International Value Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $855,336
Sia-Nm Premier Small Co Opp Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $804,766
Sia-Nt Premier Enh Index Value Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $775,174
Sia-Sc Select Sm Cap Gr Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $733,917
Sia-X Selected Indexed Eqty Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $691,436
Sia-X Selected Indexed Eqty Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $691,436
Sia-Zn Sel Nasdaq-100 Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $590,057
Sia-Zn Sel Nasdaq-100 Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $590,057
Sia-Vr Adv Mid Cap Disc Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $441,964
Sia-Cp Adv Capital Growth Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $423,625
Sia-Lb Sel Strategic Balanced Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $408,610
Sia-Rm Growth Trust Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $346,369
Sia-Wz Total Return Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $122,932
Sia-Wz Total Return Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $122,932
Sia-L Select Growth Equity Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $28,484
Sia-W3 Equity Income II Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $0
Total $23,516,297

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Massachusetts Mutual Life Insurance Company 426
EIN 04-1590850
Industry Code 65935
Contract Number RM 80226-1
Contract Year 01/01/2009 — 12/31/2009
Value in General Account at Year End $0
Value in Separate Accounts at Year End $19,956,338
Insurance Fees and Commissions $9,146
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Peter L. Hart 6 Landmark Square, Ste 7200 Stamford, CT 06901 Insurance Agent or Broker $9,146 $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 GROUP ANNUITY CONTRACT
Balance at the end of the previous year $0
Additions $3,691,042
Contributions Deposited during the year $3,604,620
Dividends and credits $0
Interest credited during the year $0
Transferred from separate account $0
Other $86,422
Total of Balance and Additions $3,691,042
Deductions $3,691,042
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $0
Transferred to Separate Account $3,691,042
Other $0
Balance at the end of the current year $0