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FORM 5500 DATA

Association To Benefit Children 403(b) Tax Sheltered Annuity Plan

Overview

Plan Information

  • Plan Year07/01/2017 — 06/30/2018
  • Date of Plan03/01/2000
  • Net Assets as of 06/30/2018 $10,411,849
  • Plan Number1
  • 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 06/30/2018

  • Active (Eligible) Participants234
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits88
  • Subtotal322
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total322
  • Total number of participants as of 07/01/2017268
  • Number of participants with account balances279
  • 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

  • Address419 E. 86th Street
  • CityNew York
  • StateNY
  • Zip10028
  • Telephone(646) 459-6123
  • EIN13-3303089
  • Industry Code624100
  • Named AdministratorDyeanna Pak
  • Named Plan SponsorDyeanna Pak

Plan Administrator Information

  • Administrator NameAssociation To Benefit Children
  • Address419 E. 86th Street
  • CityNew York
  • StateNY
  • Zip10028
  • Telephone(646) 459-6123
  • Administrator EIN13-3303089

Audit Information

  • Audit StatusAudited
  • AuditorBdo USA, LLP
  • Auditor EIN13-5831590
  • 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.
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.
3D Master plan A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

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 $650,000
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 $1,524,504
Contributions $672,286
Cash Contributions $672,286
Cash from Employers $213,474
Cash from Participants $436,485
Others (including rollovers) $22,327
Noncash Contributions $0
Total Earnings on Investments $828,359
Total Interest $46,489
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $9,697
Interest from Other Investments $36,792
Total Dividends $72,119
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 $347,829
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 $361,922
Other Income $23,859
Expenses $154,445
Total Benefit Payments $128,948
Directly to participants or beneficiaries, including direct rollovers $128,948
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 $25,497
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $25,497
Net Income $1,370,059
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

06/30/2018 06/30/2017 Change YOY
Total Assets $10,411,849 $9,041,790 15.15%
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 $222,817 $192,951 15.48%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $3,390,760 $3,085,223 9.90%
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 $5,499,872 $4,587,133 19.90%
Value of funds held in insurance co. general account $1,298,400 $1,176,483 10.36%
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 $10,411,849 $9,041,790 15.15%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • The Prudential Insurance Company of

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
Independent Financial Partners Investment advisory (plan) NONE $23,860 $0 $23,860
The Prudential Insurance Company of Participant loan processing, Direct payment from the plan NONE $1,463 $0 $1,463
Total $25,323 $0 $25,323

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
The Prudential Insurance Company of Prudential Investments, LLC Recordkeeping and information management (computing, tabulating, data processing, etc.), Sub-transfer agency fees, Recordkeeping fees 22.000 Bps and $0.00 Per Participant Invested In The Fund From 1/1/2017 To 12/31/2017 Pgim Jenn Mid Growth A $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
Ds Janus Henderson Resrch Prudential Ins Co. DFE: Pooled Separate Account $560,313
Ds Trp Equity Income Port Prudential Ins Co. DFE: Pooled Separate Account $416,765
Ds Pru Govt Moneymrktport Prudential Ins Co. DFE: Pooled Separate Account $390,195
Ds Pru Jennison Port Prudential Ins Co. DFE: Pooled Separate Account $350,066
Ds Mfs Gro Ser Initial Cl Prudential Ins Co. DFE: Pooled Separate Account $344,934
Ds Janushendersonoverseas Prudential Ins Co. DFE: Pooled Separate Account $282,267
Ds Pru Stock Index Port Prudential Ins Co. DFE: Pooled Separate Account $254,261
Ds Invesco VI Cr Equ Seri Prudential Ins Co. DFE: Pooled Separate Account $149,303
Ds Pru Hy Bond Port Prudential Ins Co. DFE: Pooled Separate Account $110,428
Ds Prudential Equity Port Prudential Ins Co. DFE: Pooled Separate Account $108,021
Ds Pru Diversified Bond Prudential Ins Co. DFE: Pooled Separate Account $73,436
Ds Pru Govt Income Port Prudential Ins Co. DFE: Pooled Separate Account $71,955
Ds Pru Conservative Bal Prudential Ins Co. DFE: Pooled Separate Account $68,185
Ds Pru Flex Managed Port Prudential Ins Co. DFE: Pooled Separate Account $62,664
Ds Trp Intl Stock Prudential Ins Co. DFE: Pooled Separate Account $48,955
Ds Prudential Value Port Prudential Ins Co. DFE: Pooled Separate Account $39,849
Ds Prudential Global Port Prudential Ins Co. DFE: Pooled Separate Account $33,672
Ds Mfs Res Ser Init Cl Prudential Ins Co. DFE: Pooled Separate Account $25,491
Total $3,390,760

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
The Prudential Insurance Company of America 322
EIN 22-1211670
Industry Code 68241
Contract Number 350590
Contract Year 07/01/2017 — 06/30/2018
Value in General Account at Year End $1,298,400
Value in Separate Accounts at Year End $3,390,760
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 $1,176,483
Additions $208,383
Contributions Deposited during the year $49,862
Dividends and credits $0
Interest credited during the year $36,792
Transferred from separate account $11,066
Other $110,663
Total of Balance and Additions $1,384,866
Deductions $86,466
Disbursed from fund to pay benefits or purchase annuities during the year $30,726
Administration charge made by carrier $103
Transferred to Separate Account $0
Other $55,637
Balance at the end of the current year $1,298,400