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Overview

Plan Information

  • Plan Year01/01/2010 — 12/31/2010
  • Date of Plan07/01/1998
  • Net Assets as of 12/31/2010 $27,537,270
  • 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
  • Report Description This is an amended report.
  • Plan Funding ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2010

  • Active (Eligible) Participants446
  • Retired or separated participants receiving benefits2
  • Other retired or separated participants entitled to future benefits127
  • Subtotal575
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits1
  • Total576
  • Total number of participants as of 01/01/2010510
  • Number of participants with account balances445
  • 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
  • Telephone(203) 299-8000
  • EIN06-1528493
  • Industry Code454110
  • Named AdministratorDaniel Finnegan

Plan Administrator Information

  • Administrator NamePriceline.Com, Inc.
  • Address800 Connecticut Ave
  • CityNorwalk
  • StateCT
  • Zip06854
  • 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
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.
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.
3D Master plan A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

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? Yes
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? Yes

Financials

Income and Expense Statement

Income $7,298,420
Contributions $4,090,524
Cash Contributions $4,090,524
Cash from Employers $948,884
Cash from Participants $2,937,017
Others (including rollovers) $204,623
Noncash Contributions $0
Total Earnings on Investments $3,207,896
Total Interest $5,315
Interest-Bearing Cash $148
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $5,167
Interest from Other Investments $0
Total Dividends $377,078
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 $668,184
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 $2,157,319
Other Income $0
Expenses $711,910
Total Benefit Payments $710,501
Directly to participants or beneficiaries, including direct rollovers $710,501
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 $1,409
Professional Fees $0
Contract Administrator Fees $750
Investment Advisory and management fees $66
Other Administrative Fees $593
Net Income $6,586,510
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2010 12/31/2009 Change YOY
Total Assets $27,537,270 $20,950,760 31.44%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $948,884 $891,224 6.47%
Employer Contributions $948,884 $891,224 6.47%
Participant Contributions $0 $0 0.0%
Other Contributions $0 $0 0.0%
General Investments $2,299,613 $0 0.0%
Interest-bearing cash $2,299,613 $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 $181,256 $103,198 75.64%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $0 $19,956,338 -100.00%
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 $24,107,517 $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 $27,537,270 $20,950,760 31.44%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Fid.Inv.Inst.Ops.Co.
  • Mass Mutual Life Insurance Company

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 & Benefits Systems, LLC Contract Administrator TPA $0 $8,118 $8,118
Mass Mutual Life Insurance Company Investment management fees paid indirectly by plan, Sub-transfer agency fees, Distribution (12b-1) fees, Recordkeeping fees, Other insurance wrap fees, Soft dollars commissions, Other investment fees and expenses, Other fees Contract Administrator $750 $0 $750
Fidelity Investments Institutional Recordkeeping fees, Account maintenance fees, Participant loan processing, Sub-transfer agency fees Recordkeeper $575 $0 $575
Peter Lee Hart Insurance brokerage commissions and fees Shareholder Service Provi $0 $0 $0
Total $1,325 $8,118 $9,443

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Fidelity Investments Institutional Af Amer Mutual R4 - American Funds Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Af Grth Fund Amer R4 - American Fun Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Af Sm Cap World R4 - American Funds Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Col Mid Cap Grth Z - Columbia Mgt I Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Fkln Strat Inc A - Franklin Templet Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Oppenheimer Global Y - Oppenheimerf Sub-transfer agency fees 0.20% $0
Fidelity Investments Institutional Opphmr Dev Mkts Y - Oppenheimerfund Sub-transfer agency fees 0.20% $0
Fidelity Investments Institutional Perkins Mid Cp Val T - Janus Servic Sub-transfer agency fees 0.34% $0
Fidelity Investments Institutional Perkins Sm Cap Val T - Janus Servic Sub-transfer agency fees 0.34% $0
Fidelity Investments Institutional Pimco Low Dur Adm - Boston Financia Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Pimco Tot Return Adm - Boston Finan Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Thornburg Int Val R5 - Boston Finan Sub-transfer agency fees 0.25% $0
Mass Mutual Life Insurance Company Adv Capital Growth Wells Fargo Sub-transfer agency fees 0.10% $0
Mass Mutual Life Insurance Company Adv Spec Mid Cap Val Wells Fargo Sub-transfer agency fees 0.10% $0
Mass Mutual Life Insurance Company Equity Growth American Century Sub-transfer agency fees, Other investment fees and expenses 0.50% $0
Mass Mutual Life Insurance Company Global Strategic Income Ofi Sub-transfer agency fees, Other fees 0.29% $0
Mass Mutual Life Insurance Company Growth Trust Legg Mason Cap Mngmt Sub-transfer agency fees 0.10% $0
Mass Mutual Life Insurance Company International Value Thornberg Sub-transfer agency fees 0.40% $0
Mass Mutual Life Insurance Company Premier Enh Index Value Babson Other investment fees and expenses 0.01% $0
Mass Mutual Life Insurance Company Premier Small Co Opprty Ofi Inst Other investment fees and expenses 0.08% $0
Mass Mutual Life Insurance Company Sel Blue Chip Growth T Rowe Price Other investment fees and expenses 0.14% $0
Mass Mutual Life Insurance Company Sel Nasdaq-100 Northern Trust Other investment fees and expenses 0.22% $0
Mass Mutual Life Insurance Company Sel Strat Bal Jpm Western Other investment fees and expenses 0.18% $0
Mass Mutual Life Insurance Company Select Indexed Eqty Northrn Trust Other investment fees and expenses 0.15% $0
Mass Mutual Life Insurance Company Select Mid Cap Gr II Trp/Frontier Other investment fees and expenses 0.27% $0
Mass Mutual Life Insurance Company Select Pimco Total Return Other investment fees and expenses 0.07% $0
Mass Mutual Life Insurance Company Select Sm Cap Gr Wr Wellington Other investment fees and expenses 0.02% $0
Retirement & Benefits Systems, LLC Mass Mutual Life Insurance Company Contract Administrator Expense Reimbursement To Third Party. $8,118
*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-W9 Select Mid Cap Gr II Mass Mutual Life Insurance Company DFE: Pooled Separate Account $0
Sia-Rm Growth Trust Mass Mutual Life Insurance Company DFE: Pooled Separate Account $0
Sia-Zn Sel Nasdaq-100 Mass Mutual Life Insurance Company DFE: Pooled Separate Account $0
Sia-L Select Growth Equity Mass Mutual Life Insurance Company DFE: Pooled Separate Account $0
Sia-Sc Select Sm Cap Gr Mass Mutual Life Insurance Company DFE: Pooled Separate Account $0
Sia-W8 Equity Growth Mass Mutual Life Insurance Company DFE: Pooled Separate Account $0
Sia-Lb Sel Strategic Balanced Mass Mutual Life Insurance Company DFE: Pooled Separate Account $0
Sia-Vr Adv Mid Cap Disc Mass Mutual Life Insurance Company DFE: Pooled Separate Account $0
Sia-N8 Premier Strategic Income Mass Mutual Life Insurance Company DFE: Pooled Separate Account $0
Sia-J Select Large Cap Value Mass Mutual Life Insurance Company DFE: Pooled Separate Account $0
Sia-X Selected Equity Index Mass Mutual Life Insurance Company DFE: Pooled Separate Account $0
Sia-Cj International Value Mass Mutual Life Insurance Company DFE: Pooled Separate Account $0
Sia-Cp Adv Capital Growth Mass Mutual Life Insurance Company DFE: Pooled Separate Account $0
Sia-E Premier Core Bond Mass Mutual Life Insurance Company DFE: Pooled Separate Account $0
Sia-G Premier Money Market Mass Mutual Life Insurance Company DFE: Pooled Separate Account $0
Sia-Nm Premier Small Cap Opp Mass Mutual Life Insurance Company DFE: Pooled Separate Account $0
Sia-Wz Total Return Mass Mutual Life Insurance Company DFE: Pooled Separate Account $0
Sia-I Premier International Eq Mass Mutual Life Insurance Company DFE: Pooled Separate Account $0
Sia-Nt Premier Enh Index Value Mass Mutual Life Insurance Company DFE: Pooled Separate Account $0
Sia-W1 Select Blue Chip Growth Mass Mutual Life Insurance Company DFE: Pooled Separate Account $0
Total $0

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Massachusetts Mutual Life Insurance Company 0
EIN 04-1590850
Industry Code 65935
Contract Number RM 80226 - 1
Contract Year 01/01/2010 — 08/03/2010
Value in General Account at Year End $0
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $8,654
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Peter Lee Hart 6 Landmark Sq Ste 7200 Stamford, CT 06901 Insurance Agent or Broker $8,654 $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 $26,599,371
Contributions Deposited during the year $2,981,308
Dividends and credits $0
Interest credited during the year $0
Transferred from separate account $23,330,738
Other $287,325
Total of Balance and Additions $26,599,371
Deductions $26,599,371
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $0
Transferred to Separate Account $3,160,892
Other $23,438,479
Balance at the end of the current year $0