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FORM 5500 DATA

National Audubon Society Tax Deferred Annuity Plan

Overview

Plan Information

  • Plan Year01/01/2009 — 12/31/2009
  • Date of Plan12/01/1990
  • Net Assets as of 12/31/2009 $31,792,464
  • 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) Participants412
  • Retired or separated participants receiving benefits1
  • Other retired or separated participants entitled to future benefits536
  • Subtotal949
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits1
  • Total950
  • Total number of participants as of 01/01/2009949
  • Number of participants with account balances949
  • 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

  • Address225 Varick Street 7th Floor
  • CityNew York
  • StateNY
  • Zip10014
  • Telephone(212) 979-3175
  • EIN13-1624102
  • Industry Code813000
  • Named AdministratorMonique Quinn
  • Named Plan SponsorMonique Quinn

Plan Administrator Information

  • Administrator NameNational Audubon Society, Inc.
  • Address225 Varick Street 7th Floor
  • CityNew York
  • StateNY
  • Zip10014
  • Telephone(212) 979-3175
  • Administrator EIN13-1624102

Audit Information

  • Audit StatusAudited
  • AuditorMarks Paneth & Shron
  • Auditor EIN11-3518842
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
2L Code section 403(b)(1) arrangement A 403(b) plan, also known as a tax-sheltered annuity (TSA) plan, is a retirement plan for certain employees of public schools, employees of certain tax-exempt organizations, and certain ministers.

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 $1,000,000
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 $7,681,565
Contributions $2,726,703
Cash Contributions $2,726,703
Cash from Employers $414,572
Cash from Participants $2,264,914
Others (including rollovers) $47,217
Noncash Contributions $0
Total Earnings on Investments $4,949,719
Total Interest $240,841
Interest-Bearing Cash $6,268
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $478
Interest from Other Investments $234,095
Total Dividends $201,747
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 $-305,652
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 $4,812,783
Other Income $5,143
Expenses $1,570,278
Total Benefit Payments $1,560,323
Directly to participants or beneficiaries, including direct rollovers $1,560,323
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 $9,955
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $9,955
Net Income $6,111,287
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2009 12/31/2008 Change YOY
Total Assets $31,792,464 $25,681,177 23.80%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $70,237 $0 0.0%
Employer Contributions $8,566 $0 0.0%
Participant Contributions $61,671 $0 0.0%
Other Contributions $0 $0 0.0%
General Investments $1,002,425 $997,998 0.44%
Interest-bearing cash $1,002,425 $997,998 0.44%
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 $4,770 $9,119 -47.69%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $863,253 $1,125,843 -23.32%
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 $23,568,842 $17,742,378 32.84%
Value of funds held in insurance co. general account $6,240,637 $5,768,681 8.18%
Other Investments $42,300 $37,158 13.84%
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 $31,792,464 $25,681,177 23.80%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Diversified Investment Advisors

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
Tiaa-Cref Recordkeeping fees Recordkeeper $0 $37,160 $37,160
Tiaa-Cref Investment management fees paid indirectly by plan $0 $30,656 $30,656
Tiaa-Cref Investment management fees paid indirectly by plan $0 $10,588 $10,588
Fidelity Investments Institutional Recordkeeping fees Recordkeeper $8,015 $0 $8,015
Tiaa-Cref Participant loan processing Recordkeeper $0 $5,916 $5,916
Total $8,015 $84,320 $92,335

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Tiaa-Cref TIAA Investment management fees paid indirectly by plan Investment Fees $30,656
Tiaa-Cref Tiaa-Cref Invest Mgt LLC Participant loan processing Loan Processing $5,916
Tiaa-Cref TIAA Recordkeeping fees Recordkeepingrecordkeeping $37,160
Tiaa-Cref CREF Investment management fees paid indirectly by plan Investment Fees $10,588
*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
Tiaa Real Estate TIAA DFE: Pooled Separate Account $830,659
Government Fixed Fund Transamerica Financial Life Insuran DFE: Pooled Separate Account $32,594
Total $863,253

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Mony Life Insurance Company 1
EIN 13-1632487
Industry Code 66370
Contract Number FA053813
Contract Year 01/01/2009 — 12/31/2009
Value in General Account at Year End $21,348
Value in Separate Accounts at Year End $32,594
Insurance Fees and Commissions $205
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Charles W Cammack Associates 2 Rector Street, Suite 2300 New York, NY 10006 Insurance Agent or Broker $205 $0
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 Guaranteed Investment
Balance at the end of the previous year $20,650
Additions $722
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $722
Transferred from separate account $0
Other $0
Total of Balance and Additions $21,372
Deductions $24
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $24
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $21,348