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Overview

Plan Information

  • Plan Year10/01/2014 — 09/30/2015
  • Date of Plan08/09/1979
  • Net Assets as of 09/30/2015 $121,875,848
  • 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 09/30/2015

  • Active (Eligible) Participants14,238
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits16,881
  • Subtotal31,119
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total31,119
  • Total number of participants as of 10/01/201429,263
  • Number of participants with account balances31,119
  • 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
  • Zip07016-0000
  • 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 $14,362,213
Contributions $11,319,881
Cash Contributions $11,319,881
Cash from Employers $11,319,881
Cash from Participants $0
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $2,248,773
Total Interest $2,813,172
Interest-Bearing Cash $262
U.S. Government Securities $752,310
Corporate Debt Instruments $1,884,782
Loans (other than to participants) $0
Participant Loans $0
Interest from Other Investments $175,818
Total Dividends $27,729
Preferred Stock $27,729
Common Stock $0
Rents $0
Net gain (loss) on sale of assets $-75,677
Aggregate Proceeds $60,235,304
Aggregate Carrying Amount $60,310,981
Total Unrealized Appreciation (depreciation) of assets $-693,287
Real Estate $0
Other $-693,287
Net investment gain (loss) from common/collective trusts $176,836
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 $793,559
Expenses $16,411,539
Total Benefit Payments $14,452,871
Directly to participants or beneficiaries, including direct rollovers $14,452,871
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 $1,958,668
Professional Fees $253,044
Contract Administrator Fees $1,052,595
Investment Advisory and management fees $395,575
Other Administrative Fees $257,454
Net Income $-2,049,326
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

09/30/2015 09/30/2014 Change YOY
Total Assets $123,578,645 $124,751,264 -0.94%
Total noninterest-bearing cash $-947,097 $-1,071,702 -11.63%
Receivables $1,579,729 $2,040,881 -22.60%
Employer Contributions $1,011,468 $1,125,008 -10.09%
Participant Contributions $0 $0 0.0%
Other Contributions $568,261 $915,873 -37.95%
General Investments $38,633,644 $41,312,804 -6.49%
Interest-bearing cash $5,040,029 $6,565,770 -23.24%
U.S. Government Securities $23,312,937 $23,765,063 -1.90%
Corporate Debt Instruments $34,542,952 $46,717,168 -26.06%
Preferred $10,280,678 $10,981,971 -6.39%
All Other $24,262,274 $35,735,197 -32.11%
Corporate Stocks $388,868 $614,910 -36.76%
Preferred $0 $0 0.0%
Common $388,868 $614,910 -36.76%
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 $48,609,975 $46,119,174 5.40%
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 $11,051,252 $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 $1,702,797 $826,090 106.13%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $302,562 $177,672 70.29%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $1,400,235 $648,418 115.95%
Net Assets $121,875,848 $123,925,174 -1.65%

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 $1,052,595 $0 $1,052,595
Invesco Investment management, Investment management fees paid directly by plan NONE $117,765 $0 $117,765
Buchbinder Tunick & Company LLP Accounting (including auditing) Auditor for Related Plan $88,137 $0 $88,137
Freedman & Lorry, P.C. Legal Attorney for Related Plan $85,633 $0 $85,633
Mackay Shields, LLC Investment management, Investment management fees paid directly by plan NONE $74,195 $0 $74,195
J.P. Morgan Investment Management, Investment management, Investment management fees paid directly by plan NONE $70,792 $0 $70,792
Howard, Moore & Mcduffie Accounting (including auditing) Payroll Auditor F $57,999 $0 $57,999
Quanvest Consultants, Inc. Investment advisory (plan) Consultant for Related Pl $56,544 $0 $56,544
Asb Capital Management LLC Investment management, Investment management fees paid directly by plan NONE $51,731 $0 $51,731
MSPC Other services Consultant for Related Pl $18,000 $0 $18,000
Deborah Franco Consulting (general) Consultant for Related Pl $6,208 $9,970 $16,178
Comerica Bank Investment management, Investment management fees paid directly by plan NONE $13,370 $0 $13,370
Amalgamated Bank Investment management, Investment management fees paid directly by plan NONE $11,180 $0 $11,180
Jp Morgan Chase Other fees Bank for Related Pl $10,785 $0 $10,785
Pension Benefit Information Other fees Svces for Related Plan $9,270 $0 $9,270
Roy Boyd Consulting (pension) Consultant for Related Pl $8,891 $0 $8,891
Segal Select Insurance Services Insurance brokerage commissions and fees NONE $0 $6,123 $6,123
Total $1,733,095 $16,093 $1,749,188

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Deborah Franco Greenbrier Consulting (general) Commissions $4,304
Deborah Franco The London Consulting (general) Commissions $823
Deborah Franco Terranea Consulting (general) Commissions $4,843
Segal Select Insurance Services Federal Insurance Services Insurance brokerage commissions and fees Commissions $6,123
*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
Longview Large Cap 500 Index Fund Amalgamated Bank DFE: Common/Collective Trust $27,806,393
Asb Allegiance Real Estate Fund Chevy Chase Trust Company DFE: Common/Collective Trust $5,585,184
Invesco Stable Value Trust Invesco Trust Company DFE: Common/Collective Trust $5,514,582
Invesco Balance Risk Allocation Tr. Invesco Trust Company DFE: Common/Collective Trust $4,662,898
Longview Mid Cap 400 Index Fund Amalgamated Bank DFE: Common/Collective Trust $3,436,005
Longview Small Cap 600 Index Fund Amalgamated Bank DFE: Common/Collective Trust $1,604,913
Total $48,609,975

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.