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FORM 5500 DATA

College Entrance Examination Board Retirement Plan

Overview

Plan Information

  • Plan Year01/01/2009 — 12/31/2009
  • Date of Plan01/01/1996
  • Net Assets as of 12/31/2009 $159,916,252
  • Plan Number3
  • Plan Type Single Employer
  • Is the plan collectively bargained? No
  • Did the plan file for an extension of time or the DFVC Program?Yes
  • Plan Funding ArrangementInsurance
  • Plan Benefit ArrangementInsurance

Participant Information as of 12/31/2009

  • Active (Eligible) Participants1,312
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits1,487
  • Subtotal2,799
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits2
  • Total2,801
  • Total number of participants as of 01/01/20092,763
  • Number of participants with account balances2,637
  • 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

  • Address45 Columbus Ave
  • CityNew York
  • StateNY
  • Zip10023
  • Telephone(212) 713-8000
  • EIN13-1623965
  • Industry Code611000
  • Named AdministratorThomas Higgins
  • Named Plan SponsorThomas Higgins

Plan Administrator Information

  • Administrator NameCollege Entrance Examination Board
  • Address45 Columbus Ave
  • CityNew York
  • StateNY
  • Zip10023
  • Telephone(212) 713-8000
  • Administrator EIN13-1623965

Audit Information

  • Audit StatusAudited
  • AuditorO'Connor Davies Munns & Dobbins LLP
  • Auditor EIN13-3385019
  • 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.
3H Controlled Group Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

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 $5,000,000
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 $89,443,354
Contributions $13,995,150
Cash Contributions $13,995,150
Cash from Employers $13,995,150
Cash from Participants $0
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $19,750,634
Total Interest $2,351,837
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $0
Interest from Other Investments $2,351,837
Total Dividends $163,954
Preferred Stock $0
Common Stock $163,954
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 $-1,812,995
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 $19,047,838
Other Income $55,697,570
Expenses $5,676,808
Total Benefit Payments $5,676,415
Directly to participants or beneficiaries, including direct rollovers $4,852,235
To insurance carriers for the provision of benefits $824,180
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $393
Professional Fees $0
Contract Administrator Fees $393
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $83,766,546
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $229,272

Asset and Liability Statement

12/31/2009 12/31/2008 Change YOY
Total Assets $159,916,252 $76,149,706 110.00%
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 $0 $0 0.0%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $4,764,172 $6,714,867 -29.05%
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 $96,353,073 $69,434,839 38.77%
Value of funds held in insurance co. general account $58,799,007 $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 $159,916,252 $76,149,706 110.00%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • TIAA

Other Service Providers Receiving Direct or Indirect Compensation

There are no service providers listed for this plan.

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

Name Position Explanation
Rotenberg Meril Solomon Et Al Accountant The Plan Sponsor Chose To Combine Several Required employee Benefit Audit Services Under One Accounting Firm.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Tiaa-Cref Real Estate Account Tiaa-Cref DFE: Pooled Separate Account $4,764,172
Total $4,764,172

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Tiaa-Cref 2,637
EIN 13-1624203
Industry Code 69345
Contract Number 103074
Contract Year 01/01/2009 — 12/31/2009
Value in General Account at Year End $58,799,007
Value in Separate Accounts at Year End $101,117,245
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 TIAA GUARANTEED ANNUITY CONTRACTS
Balance at the end of the previous year $55,697,571
Additions $12,919,390
Contributions Deposited during the year $1,655,465
Dividends and credits $0
Interest credited during the year $2,351,838
Transferred from separate account $8,682,726
Other $229,361
Total of Balance and Additions $68,616,961
Deductions $9,817,954
Disbursed from fund to pay benefits or purchase annuities during the year $1,847,362
Administration charge made by carrier $0
Transferred to Separate Account $7,741,320
Other $229,272
Balance at the end of the current year $58,799,007