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FORM 5500 DATA

National Audubon Society Tax Deferred Annuity Plan

Overview

Plan Information

  • Plan Year01/01/2017 — 12/31/2017
  • Date of Plan12/01/1990
  • Net Assets as of 12/31/2017 $72,381,433
  • 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 Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2017

  • Active (Eligible) Participants655
  • Retired or separated participants receiving benefits14
  • Other retired or separated participants entitled to future benefits697
  • Subtotal1,366
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits2
  • Total1,368
  • Total number of participants as of 01/01/20171,156
  • Number of participants with account balances1,302
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested48

Expenses

  • Total Benefit Payments$0
  • Corrective Distributions$0
  • Administrative Service Providers$0
  • Other Expenses$0
  • Total Expenses$0
  • Total Transfers$0

Sponsor Information

  • Address225 Varicks Street 7th Floor
  • CityNew York
  • StateNY
  • Zip10014
  • Telephone(212) 979-3011
  • EIN13-1624102
  • Industry Code813000
  • Named AdministratorMary Beth Henson

Audit Information

  • Audit StatusAudited
  • AuditorGrant Thorton LLP
  • Auditor EIN36-6055558
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
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.
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.
2M Code section 403(b)(7) accounts A 403(b)(7) plan is a tax-deferred retirement plan often available to employees of public schools or non-profit organizations.
2T Participant-directed Account Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.

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? Yes
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? Yes

Financials

Income and Expense Statement

Income $16,352,771
Contributions $5,049,046
Cash Contributions $5,049,046
Cash from Employers $2,604,218
Cash from Participants $2,443,814
Others (including rollovers) $1,014
Noncash Contributions $0
Total Earnings on Investments $11,298,876
Total Interest $216,258
Interest-Bearing Cash $3,254
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $12,525
Interest from Other Investments $200,479
Total Dividends $1,482,117
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 $49,016
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 $9,551,485
Other Income $4,849
Expenses $3,781,936
Total Benefit Payments $3,708,068
Directly to participants or beneficiaries, including direct rollovers $3,708,068
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 $73,868
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $73,868
Net Income $12,570,835
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2017 12/31/2016 Change YOY
Total Assets $72,381,433 $59,810,598 21.02%
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 $669,668 $1,241,159 -46.04%
Interest-bearing cash $669,668 $1,241,159 -46.04%
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 $350,239 $257,461 36.04%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $3,473,487 $1,037,800 234.70%
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 $63,516,897 $50,680,718 25.33%
Value of funds held in insurance co. general account $4,371,142 $6,593,460 -33.70%
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 $72,381,433 $59,810,598 21.02%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Transamerica Retirement Solutions

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
Usi Consulting Group Claims processing, Recordkeeping and information management (computing, tabulating, data processing, etc.), Consulting (pension), Valuation (appraisals, etc.), Participant loan processing, Sub-transfer agency fees, Finders' fees/placement fees, Float revenue, Distribution (12b-1) fees, Recordkeeping fees, Account maintenance fees Recordkeeper $64,210 $0 $64,210
Transamerica Retirement Solutions Claims processing, Recordkeeping and information management (computing, tabulating, data processing, etc.), Investment management, Participant loan processing, Participant communication, Direct payment from the plan, Sales loads (front end and deferred), Shareholder servicing fees, Finders' fees/placement fees, Float revenue, Distribution (12b-1) fees, Recordkeeping fees, Account maintenance fees Recordkeeper $5,869 $0 $5,869
Fidelity Investments Institutional Recordkeeping fees, Account maintenance fees Recordkeeper $3,275 $0 $3,275
Tiaa- Cref Other services, Float revenue, Distribution (12b-1) fees, Recordkeeping fees, Account maintenance fees Recordkeeper $490 $0 $490
National Financial Serivces Securities brokerage, Securities brokerage commissions and fees Securities Broker $0 $0 $0
Mid Atlantic Capital Corporation Securities brokerage, Securities brokerage commissions and fees Securities Broker $0 $0 $0
Total $73,844 $0 $73,844

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
National Financial Services Fidelity Securities brokerage, Securities brokerage commissions and fees Revenue Sharing See Attachment To Line 2(H) $0
Mid Atlantic Capital Corporation Prudential Securities brokerage, Securities brokerage commissions and fees Revenue Sharing See Attachment To Line 2(H) $0
*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
Prudential Guaranteed Income Fund Prudential DFE: Pooled Separate Account $2,413,633
Tiaa Real Estate Tiaa-Cref DFE: Pooled Separate Account $1,059,854
Total $3,473,487

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Prudential 1,302
EIN 06-1050034
Industry Code 93629
Contract Number TA069887
Contract Year 11/29/2017 — 12/31/2017
Value in General Account at Year End $2,413,633
Value in Separate Accounts at Year End $0
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 Guaranteed Investment
Balance at the end of the previous year $0
Additions $2,446,140
Contributions Deposited during the year $2,442,997
Dividends and credits $0
Interest credited during the year $3,742
Transferred from separate account $0
Other $-599
Total of Balance and Additions $2,446,140
Deductions $32,507
Disbursed from fund to pay benefits or purchase annuities during the year $32,146
Administration charge made by carrier $361
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $2,413,633
Tiaa-Cref 344
EIN 13-1624203
Industry Code 69345
Contract Number 328594
Contract Year 01/01/2017 — 12/31/2017
Value in General Account at Year End $4,346,211
Value in Separate Accounts at Year End $15,213,901
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 Guaranteed Investment
Balance at the end of the previous year $4,241,877
Additions $247,134
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $168,929
Transferred from separate account $78,205
Other $0
Total of Balance and Additions $4,489,011
Deductions $142,800
Disbursed from fund to pay benefits or purchase annuities during the year $74,504
Administration charge made by carrier $0
Transferred to Separate Account $59,519
Other $8,777
Balance at the end of the current year $4,346,211
Transamerica Financial Life Insurance Company 1
EIN 36-6071399
Industry Code 70688
Contract Number FA853813
Contract Year 01/01/2017 — 12/31/2017
Value in General Account at Year End $24,931
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $86
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Cammack Lahrette Brokerage, Inc. 40 Wall Street New York, NY 10005 Insurance Agent or Broker $86 $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 $25,060
Additions $874
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $874
Transferred from separate account $0
Other $0
Total of Balance and Additions $25,934
Deductions $1,003
Disbursed from fund to pay benefits or purchase annuities during the year $979
Administration charge made by carrier $24
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $24,931
Prudential Retirement Insurance and Annuity Company 0
EIN 06-1050034
Industry Code 93629
Contract Number GA-41749
Contract Year 01/01/2017 — 12/31/2017
Value in General Account at Year End $0
Value in Separate Accounts at Year End $0
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 Guaranteed Investment
Balance at the end of the previous year $2,326,523
Additions $283,712
Contributions Deposited during the year $198,161
Dividends and credits $0
Interest credited during the year $30,676
Transferred from separate account $0
Other $54,875
Total of Balance and Additions $2,610,235
Deductions $2,610,235
Disbursed from fund to pay benefits or purchase annuities during the year $173,997
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $2,436,238
Balance at the end of the current year $0