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Overview

Plan Information

  • Plan Year10/01/2013 — 09/30/2014
  • Date of Plan08/09/1979
  • Net Assets as of 09/30/2014 $123,925,174
  • 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 Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 09/30/2014

  • Active (Eligible) Participants14,006
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits15,257
  • Subtotal29,263
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total29,263
  • Total number of participants as of 10/01/201329,924
  • Number of participants with account balances29,263
  • 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

  • Address216 North Avenue East, 2nd Floor
  • CityCranford
  • StateNJ
  • Zip07016
  • Telephone(908) 276-0800
  • EIN11-2506736
  • Industry Code813930

Audit Information

  • Audit StatusAudited
  • AuditorBuchbinder Tunick & Co LLP
  • Auditor EIN13-1578842
  • Audit OpinionUnqualified
  • Audit Type Full Audit

Benefits Provided Under the Plan

Code Benefit Description
2C Money purchase A pension plan, other than a target benefit plan that requires a fixed percentage of compensation to be contributed to each eligible employee.

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 $21,447,498
Contributions $11,510,211
Cash Contributions $11,510,211
Cash from Employers $11,510,211
Cash from Participants $0
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $9,927,119
Total Interest $3,410,548
Interest-Bearing Cash $239
U.S. Government Securities $877,760
Corporate Debt Instruments $2,338,357
Loans (other than to participants) $0
Participant Loans $0
Interest from Other Investments $194,192
Total Dividends $31,998
Preferred Stock $31,998
Common Stock $0
Rents $0
Net gain (loss) on sale of assets $-66,269
Aggregate Proceeds $55,624,263
Aggregate Carrying Amount $55,690,532
Total Unrealized Appreciation (depreciation) of assets $739,165
Real Estate $0
Other $739,165
Net investment gain (loss) from common/collective trusts $5,811,677
Net investment gain (loss) from pooled separate accounts $0
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 $10,168
Expenses $18,450,542
Total Benefit Payments $16,784,500
Directly to participants or beneficiaries, including direct rollovers $16,784,500
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 $1,666,042
Professional Fees $174,620
Contract Administrator Fees $898,809
Investment Advisory and management fees $327,130
Other Administrative Fees $265,483
Net Income $2,996,956
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

09/30/2014 09/30/2013 Change YOY
Total Assets $124,751,264 $123,216,048 1.25%
Total noninterest-bearing cash $-1,071,702 $-1,553,686 -31.02%
Receivables $2,040,881 $1,745,265 16.94%
Employer Contributions $1,125,008 $1,071,399 5.00%
Participant Contributions $0 $0 0.0%
Other Contributions $915,873 $673,866 35.91%
General Investments $41,312,804 $40,738,162 1.41%
Interest-bearing cash $6,565,770 $3,760,320 74.61%
U.S. Government Securities $23,765,063 $25,357,260 -6.28%
Corporate Debt Instruments $46,717,168 $50,054,647 -6.67%
Preferred $10,981,971 $11,620,582 -5.50%
All Other $35,735,197 $38,434,065 -7.02%
Corporate Stocks $614,910 $401,520 53.15%
Preferred $0 $0 0.0%
Common $614,910 $401,520 53.15%
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 $46,119,174 $43,450,722 6.14%
Value of interest in pooled separate accounts $0 $0 0.0%
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 $826,090 $2,287,830 -63.89%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $177,672 $237,547 -25.21%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $648,418 $2,050,283 -68.37%
Net Assets $123,925,174 $120,928,218 2.48%

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
M.S. Administrators Contract Administrator Admin for Related Plan $898,809 $0 $898,809
Invesco Investment management, Investment management fees paid directly by plan NONE $130,436 $0 $130,436
Mackay Shields, LLC Investment management, Investment management fees paid directly by plan NONE $107,154 $0 $107,154
Freedman & Lorry, P.C. Legal Attorney for Related Plan $86,712 $0 $86,712
Buchbinder Tunick & Company LLP Accounting (including auditing) Auditor for Related Plan $63,103 $0 $63,103
Quanvest Consultants, Inc. Investment advisory (plan) Consultant for Related Pl $55,287 $0 $55,287
Amalgamated Bank Investment management, Investment management fees paid directly by plan NONE $18,581 $0 $18,581
MSPC Other services Consultant for Related Pl $18,038 $0 $18,038
Comerica Bank Investment management, Investment management fees paid directly by plan NONE $15,672 $0 $15,672
Beins Axelrod P.C. Legal Svces for Related Plan $15,398 $0 $15,398
Jp Morgan Chase Other fees Bank for Related Pl $11,998 $0 $11,998
Pension Benefit Information Other fees Svces for Related Plan $10,567 $0 $10,567
Roy Boyd Consulting (pension) Consultant for Related Pl $8,588 $0 $8,588
Deborah Franco Consulting (general) Consultant for Related Pl $7,042 $0 $7,042
Total $1,447,385 $0 $1,447,385

Indirect Compensation

There are no service providers with indirect compensation listed for this plan.

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
Longview Large Cap 500 Index Fund Amalgamated Bank DFE: Common/Collective Trust $30,786,174
Invesco Stable Value Trust Invesco National Trust Company DFE: Common/Collective Trust $10,395,857
Longview Mid Cap 400 Index Fund Amalgamated Bank DFE: Common/Collective Trust $3,390,401
Longview Small Cap 600 Index Fund Amalgamated Bank DFE: Common/Collective Trust $1,546,742
Total $46,119,174

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.