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FORM 5500 DATA

Riverhead Building Supply Corp. 401k Plan for Union Employees

Overview

Plan Information

  • Plan Year01/01/2017 — 12/31/2017
  • Date of Plan01/01/1988
  • Net Assets as of 12/31/2017 $12,866,096
  • Plan Number3
  • Plan Type Single 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) Participants192
  • Retired or separated participants receiving benefits3
  • Other retired or separated participants entitled to future benefits14
  • Subtotal209
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits1
  • Total210
  • Total number of participants as of 01/01/2017209
  • Number of participants with account balances206
  • 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

  • Address250 David Court
  • CityCalverton
  • StateNY
  • Zip11933
  • Telephone(631) 996-3129
  • EIN11-2238519
  • Industry Code423300
  • Named AdministratorThomas J. Carberry
  • Named Plan SponsorThomas J Carberry

Audit Information

  • Audit StatusAudited
  • AuditorSheehan & Company
  • Auditor EIN13-2709344
  • 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.
2S Automatic Enrollment Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
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? 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 $2,473,647
Contributions $812,389
Cash Contributions $812,389
Cash from Employers $90,161
Cash from Participants $520,535
Others (including rollovers) $201,693
Noncash Contributions $0
Total Earnings on Investments $1,661,258
Total Interest $122,844
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $24,683
Interest from Other Investments $98,161
Total Dividends $297,997
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 $728,639
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 $511,778
Other Income $0
Expenses $518,286
Total Benefit Payments $469,903
Directly to participants or beneficiaries, including direct rollovers $469,903
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $-975
Interest expense $0
Total Administrative Expenses $49,358
Professional Fees $12,500
Contract Administrator Fees $5,861
Investment Advisory and management fees $30,997
Other Administrative Fees $0
Net Income $1,955,361
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 $12,866,096 $10,910,735 17.92%
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 $570,892 $482,569 18.30%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $0 $7,142,935 -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 $9,003,797 $10,269 87579.39%
Value of funds held in insurance co. general account $3,291,407 $3,274,962 0.50%
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 $12,866,096 $10,910,735 17.92%

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
Massachusetts Mutual Life Ins. Co. 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 Contract Administrator $36,858 $0 $36,858
UBS Financial Services Inc. Investment advisory (plan) Investment Advisor $0 $20,148 $20,148
Sheehan & Company Accounting (including auditing) Auditor $12,500 $0 $12,500
Ab Funds Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
American Funds Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
American Funds Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
American Funds Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
American Funds Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Columbia Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Franklintempleton Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Franklintempleton Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Jp Morgan Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Jp Morgan Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Jp Morgan Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Northern Funds Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Oppenheimer Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Oppenheimer Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Oppenheimer Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
T. Rowe Price Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Vanguard Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Vanguard Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Vanguard Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Vanguard Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Vanguard Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Vanguard Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Vanguard Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Vanguard Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Victory Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Victory Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Wells Fargo Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Wells Fargo Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Wells Fargo Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Wells Fargo Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Wells Fargo Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Wells Fargo Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Total $49,358 $20,148 $69,506

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Massachusetts Mutual Life Ins. Co. Prem Short-Duration Bond Barings Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Premier Shrt-Drtn Bnd Fd Barings Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Mm S&P 500 Index Northern Trust Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Sel Gr Opportunities Sandsjsp Other investment fees and expenses, Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Select Mid Cap Gr Fd Trpfrontier Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. International Growth Ofi Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Target 2050 Wells Fargo Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. New Horizons T. Rowe Price Other insurance wrap fees, Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Washington Mutual Invs American Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Target Today Wells Fargo Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Target 2020 Wells Fargo Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Target 2030 Wells Fargo Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Target 2040 Wells Fargo Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Core Bond Jp Morgan Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Developing Markets Ofi Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Discovery Wells Fargo Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Europacific Growth American Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Global Bond Templeton Distribution (12b-1) fees, Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Mid Cap Index Northern Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Mid Cap Value Jp Morgan Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Small Cap Index Columbia Distribution (12b-1) fees, Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Sycamore Sm Co Oppty Victory Distribution (12b-1) fees, Sub-transfer agency fees Basis Points * Plan Assets $0
UBS Financial Services Inc. Massachusetts Mutual Life Ins. Co. Investment advisory (plan) Plan Related Expenses $20,148
Ab Funds Ab Large Cap Growth Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
American Funds American Funds New Perspective Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
American Funds Europacific Growth American Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
American Funds Amer Funds Wash Mutual Invs Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
American Funds Washington Mutual Invs American Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
American Funds Amer Funds Europacific Growth Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Columbia Small Cap Index Columbia Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Franklintempleton Global Bond Templeton Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Franklintempleton Templeton Global Bond Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Jp Morgan Jp Morgan Mid Cap Value Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Jp Morgan Jp Morgan Core Bond Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Jp Morgan Core Bond Jp Morgan Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Jp Morgan Mid Cap Value Jp Morgan Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Northern Funds Mid Cap Index Northern Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Oppenheimer International Growth Ofi Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Oppenheimer Oppenheimer International Gr Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Oppenheimer Developing Markets Ofi Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Oppenheimer Oppenheimer Developing Markets Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
T. Rowe Price New Horizons T. Rowe Price Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
T. Rowe Price T. Rowe Price New Horizons Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Vanguard Vanguard Target Retirement 2060 Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Vanguard Vanguard Target Retirement Incm Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Vanguard Vanguard Target Retirement 2020 Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Vanguard Vanguard Target Retirement 2030 Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Vanguard Vanguard Target Retirement 2040 Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Vanguard Vanguard Target Retirement 2050 Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Vanguard Vanguard 500 Index Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Vanguard Vanguard Mid Cap Index Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Vanguard Vanguard Small Cap Index Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Victory Sycamore Sm Co Oppty Victory Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Victory Victory Sycamore Sm Co Oppty Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Wells Fargo Target 2050 Wells Fargo Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Wells Fargo Target Today Wells Fargo Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Wells Fargo Target 2020 Wells Fargo Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Wells Fargo Target 2030 Wells Fargo Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Wells Fargo Target 2040 Wells Fargo Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Wells Fargo Discovery Wells Fargo Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
*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-B2 Small Cap Index Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $0
Sia-Fq Prem Short-Duration Bond Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $0
Sia-Im Washington Mutual Invs Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $0
Sia-Mm Europacific Growth Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $0
Sia-Qi Mid Cap Index Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $0
Sia-Sd Sel Gr Opportunities Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $0
Sia-Ue Global Bond Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $0
Sia-Uj Mid Cap Value Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $0
Sia-W4 New Horizons Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $0
Sia-D5 International Growth Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $0
Sia-Cr Discovery Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $0
Sia-C Developing Markets Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $0
Sia-Caa Mm S&P 500 Index Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $0
Sia-Cap Core Bond Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $0
Sia-Cdv Target Today Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $0
Sia-Cdy Target 2020 Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $0
Sia-Cea Target 2030 Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $0
Sia-Cec Target 2040 Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $0
Sia-Cee Target 2050 Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $0
Sia-Xa Sycamore Sm Co Oppty Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $0
Total $0

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Massachusetts Mutual Life Insurance Company 210
EIN 04-1590850
Industry Code 65935
Contract Number FL 9832
Contract Year 01/01/2017 — 12/31/2017
Value in General Account at Year End $0
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $5,635
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Matthew C Rizzo 6800 Jericho Tpke Syosset, NY 11791 Insurance Agent or Broker $5,185 $0
Matthew Rizzo Ste 202W 6800 Jericho Tpke Syosset, NY 11791 Insurance Agent or Broker $450 $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 $3,274,962
Additions $1,125,141
Contributions Deposited during the year $610,696
Dividends and credits $0
Interest credited during the year $98,161
Transferred from separate account $0
Other $416,284
Total of Balance and Additions $4,400,103
Deductions $1,108,696
Disbursed from fund to pay benefits or purchase annuities during the year $43,567
Administration charge made by carrier $13,962
Transferred to Separate Account $817,520
Other $233,647
Balance at the end of the current year $3,291,407