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FORM 5500 DATA

Connecticut Pipe Trades Local No. 777 Annuity Fund

Overview

Plan Information

  • Plan Year07/01/2014 — 06/30/2015
  • Date of Plan07/01/1995
  • Net Assets as of 06/30/2015 $104,139,090
  • 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 Arrangement Trust

Participant Information as of 06/30/2015

  • Active (Eligible) Participants1,878
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits1,266
  • Subtotal3,144
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total3,144
  • Total number of participants as of 07/01/20142,960
  • Number of participants with account balances2,475
  • 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

  • Address1155 Silas Deane Highway
  • CityWethersfield
  • StateCT
  • Zip06109-4318
  • Telephone(800) 848-2129
  • EIN06-1441857
  • Industry Code525100

Audit Information

  • Audit StatusAudited
  • AuditorBeers, Hamerman, Cohen & Burger, P.
  • Auditor EIN45-2517893
  • 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.
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.

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? 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 $10,001,507
Contributions $8,385,815
Cash Contributions $8,385,815
Cash from Employers $8,385,815
Cash from Participants $0
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $1,538,132
Total Interest $34
Interest-Bearing Cash $34
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 $790,888
Preferred Stock $0
Common Stock $0
Rents $0
Net gain (loss) on sale of assets $2,257,348
Aggregate Proceeds $15,900,394
Aggregate Carrying Amount $13,643,046
Total Unrealized Appreciation (depreciation) of assets $0
Real Estate $0
Other $0
Net investment gain (loss) from common/collective trusts $-918,619
Net investment gain (loss) from pooled separate accounts $-64,962
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 $-526,557
Other Income $77,560
Expenses $3,829,151
Total Benefit Payments $3,471,570
Directly to participants or beneficiaries, including direct rollovers $3,471,570
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 $357,581
Professional Fees $124,525
Contract Administrator Fees $161,059
Investment Advisory and management fees $34,000
Other Administrative Fees $37,997
Net Income $6,172,356
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

06/30/2015 06/30/2014 Change YOY
Total Assets $104,178,203 $98,001,226 6.30%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $1,015,293 $631,826 60.69%
Employer Contributions $1,009,917 $629,221 60.50%
Participant Contributions $0 $0 0.0%
Other Contributions $5,376 $2,605 106.37%
General Investments $573,523 $439,035 30.63%
Interest-bearing cash $573,523 $439,035 30.63%
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 $17,250 $17,250 0.00%
Preferred $0 $0 0.0%
Common $17,250 $17,250 0.00%
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 $45,335,295 $43,072,820 5.25%
Value of interest in pooled separate accounts $13,684,694 $13,437,512 1.84%
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 $43,536,796 $40,387,431 7.80%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $15,352 $15,352 0.00%
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 $39,113 $34,492 13.40%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $39,113 $34,492 13.40%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $104,139,090 $97,966,734 6.30%

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
Ct Pipe Trades Benefit Funds Admin Contract Administrator NONE $161,059 $0 $161,059
John Hancock Retirement Plan Servic Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant communication, Sub-transfer agency fees, Shareholder servicing fees NONE $0 $136,235 $136,235
Segal Company Consulting (pension), Insurance agents and brokers NONE $54,351 $3,557 $57,908
Holm & O'Hara Legal NONE $38,287 $0 $38,287
Segal Rogerscasey Investment advisory (plan) NONE $34,000 $0 $34,000
Beers, Hamerman, Cohen & Burger. Accounting (including auditing) NONE $16,000 $0 $16,000
Robert Cheverie & Assocs Legal NONE $12,000 $0 $12,000
Total $315,697 $139,792 $455,489

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Segal Company Federal Insurance Company Consulting (pension), Insurance agents and brokers, Insurance brokerage commissions and fees Standard Insurance Commission $3,557
John Hancock Retirement Plan Servic Dodge & Cox Int'L Stock Fund Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant communication, Shareholder servicing fees, Sub-transfer agency fees Investment Fees $2,515
John Hancock Retirement Plan Servic Dodge & Cox Stock Fund Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant communication, Shareholder servicing fees, Sub-transfer agency fees Investment Fees $9,306
John Hancock Retirement Plan Servic Manning & Napier Target 2050 Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant communication, Shareholder servicing fees, Sub-transfer agency fees Investment Fees $512
John Hancock Retirement Plan Servic Manning & Napier Target 2040 Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant communication, Shareholder servicing fees, Sub-transfer agency fees Investment Fees $20,417
John Hancock Retirement Plan Servic Manning & Napier Target 2030 Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant communication, Shareholder servicing fees, Sub-transfer agency fees Investment Fees $493
John Hancock Retirement Plan Servic Manning & Napier Target 2020 Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant communication, Shareholder servicing fees, Sub-transfer agency fees Investment Fees $62,114
John Hancock Retirement Plan Servic Manning & Napier Target 2010 Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant communication, Shareholder servicing fees, Sub-transfer agency fees Investment Fees $83,808
John Hancock Retirement Plan Servic Manning & Napier Target Inco Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant communication, Shareholder servicing fees, Sub-transfer agency fees Investment Fees $34,489
John Hancock Retirement Plan Servic T Rowe Price Small Cap Stock Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant communication, Shareholder servicing fees, Sub-transfer agency fees Investment Fees $5,602
John Hancock Retirement Plan Servic Touchstone Mid Cap Fund Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant communication, Shareholder servicing fees, Sub-transfer agency fees Investment Fees $1,626
John Hancock Retirement Plan Servic Vanguard Reit Index Fund Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant communication, Shareholder servicing fees, Sub-transfer agency fees Investment Fees $1,610
*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
Manning & Napier Target 2020 John Hancock Retirement Services DFE: Common/Collective Trust $20,629,034
Manning & Napier Target 2030 John Hancock Retirement Services DFE: Common/Collective Trust $15,443,777
Ny Life Anchor Account III John Hancock Retirement Services DFE: Pooled Separate Account $13,684,694
Manning & Napier Target 2010 John Hancock Retirement Services DFE: Common/Collective Trust $8,549,784
Manning & Napier Target 2050 John Hancock Retirement Services DFE: Common/Collective Trust $447,863
Manning & Napier Target 2040 John Hancock Retirement Services DFE: Common/Collective Trust $135,230
Manning & Napier Target Income John Hancock Retirement Services DFE: Common/Collective Trust $129,607
Total $59,019,989

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
0
EIN
Industry Code
Contract Number
Contract Year 01/01/2014 — 12/31/2014
Value in General Account at Year End $0
Value in Separate Accounts at Year End $13,684,694
Insurance Fees and Commissions $0
Persons Receiving Commissions and Fees There are no brokers listed for this plan.
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 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