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FORM 5500 DATA

College Entrance Examination Board Retirement Plan

Overview

Plan Information

  • Plan Year01/01/2012 — 12/31/2012
  • Date of Plan01/01/1996
  • Net Assets as of 12/31/2012 $227,598,700
  • 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 12/31/2012

  • Active (Eligible) Participants1,486
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits1,364
  • Subtotal2,850
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits4
  • Total2,854
  • Total number of participants as of 01/01/20122,814
  • Number of participants with account balances2,725
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested24

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 Avenue
  • 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
  • Telephone(212) 713-8000
  • Administrator EIN13-1623965

Audit Information

  • Audit StatusAudited
  • AuditorO'Connor Davies
  • Auditor EIN27-1728945
  • 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 $40,445,168
Contributions $17,921,364
Cash Contributions $17,921,364
Cash from Employers $17,921,364
Cash from Participants $0
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $22,523,804
Total Interest $2,659,999
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 $2,659,999
Total Dividends $1,944,626
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 $843,586
Net investment gain (loss) from master trust investment accounts $0
Net investment gain (loss) from 103-12 investment entities $17,075,593
Net investment gain (loss) from registered investment companies $0
Other Income $0
Expenses $8,972,016
Total Benefit Payments $8,971,979
Directly to participants or beneficiaries, including direct rollovers $8,143,688
To insurance carriers for the provision of benefits $828,291
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $37
Professional Fees $0
Contract Administrator Fees $37
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $31,473,152
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2012 12/31/2011 Change YOY
Total Assets $227,598,700 $196,125,548 16.05%
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 $9,538,814 $8,179,666 16.62%
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 $151,573,067 $123,509,066 22.72%
Value of funds held in insurance co. general account $66,486,819 $64,436,816 3.18%
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 $227,598,700 $196,125,548 16.05%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Tiaa-Cref

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

There is no termination information for this plan.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Tiaa Real Estate Tiaa-Cref DFE: Pooled Separate Account $9,538,814
Total $9,538,814

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Tiaa-Cref 2,725
EIN 13-1624203
Industry Code 69345
Contract Number 103074
Contract Year 01/01/2012 — 12/31/2012
Value in General Account at Year End $66,486,819
Value in Separate Accounts at Year End $116,403,798
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 $64,436,816
Additions $12,531,294
Contributions Deposited during the year $1,557,632
Dividends and credits $0
Interest credited during the year $2,659,996
Transferred from separate account $8,313,576
Other $90
Total of Balance and Additions $76,968,110
Deductions $10,481,291
Disbursed from fund to pay benefits or purchase annuities during the year $2,289,048
Administration charge made by carrier $0
Transferred to Separate Account $8,192,243
Other $0
Balance at the end of the current year $66,486,819