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FORM 5500 DATA

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

Overview

Plan Information

  • Plan Year07/01/2018 — 06/30/2019
  • Date of Plan03/01/2000
  • Net Assets as of 06/30/2019 $10,832,440
  • 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
  • Report Description This is an amended report.
  • Plan Funding ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 06/30/2019

  • Active (Eligible) Participants300
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits0
  • Subtotal300
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total300
  • Total number of participants as of 07/01/2018322
  • Number of participants with account balances300
  • 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 AdministratorShoshana Powell
  • Named Plan SponsorShoshana Powell

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 EIN13-5381590
  • 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 $1,296,705
Contributions $688,920
Cash Contributions $688,920
Cash from Employers $227,332
Cash from Participants $454,430
Others (including rollovers) $7,158
Noncash Contributions $0
Total Earnings on Investments $582,791
Total Interest $51,932
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $11,732
Interest from Other Investments $40,200
Total Dividends $110,807
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 $-11,062
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 $431,114
Other Income $24,994
Expenses $876,114
Total Benefit Payments $845,235
Directly to participants or beneficiaries, including direct rollovers $845,235
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $3,000
Interest expense $0
Total Administrative Expenses $27,879
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $27,879
Net Income $420,591
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

06/30/2019 06/30/2018 Change YOY
Total Assets $10,832,440 $10,411,849 4.04%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $30,025 $0 0.0%
Employer Contributions $10,027 $0 0.0%
Participant Contributions $19,998 $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 $242,442 $222,817 8.81%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $3,483,906 $3,390,760 2.75%
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 $5,654,404 $5,499,872 2.81%
Value of funds held in insurance co. general account $1,421,663 $1,298,400 9.49%
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 $10,832,440 $10,411,849 4.04%

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
Bukaty Companies O'Renick Wealth Investment advisory (plan) NONE $14,244 $0 $14,244
Independent Financial Partners Investment advisory (plan) NONE $10,748 $0 $10,748
The Prudential Insurance Company of Participant loan processing, Direct payment from the plan NONE $2,410 $0 $2,410
Total $27,402 $0 $27,402

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 22.00 Bps and %0.00 Per Participant Invested In The Fund From 1/1/2018 To 12/31/2018 Prudential Jennison Mid Cap Growth Fund $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 $628,605
Ds Trp Equity Income Port Prudential Ins Co. DFE: Pooled Separate Account $432,655
Ds Pru Jennison Port Prudential Ins Co. DFE: Pooled Separate Account $374,632
Ds Pru Govt Moneymrktport Prudential Ins Co. DFE: Pooled Separate Account $373,184
Ds Mfs Gro Ser Initial Cl Prudential Ins Co. DFE: Pooled Separate Account $368,609
Ds Pru Stock Index Port Prudential Ins Co. DFE: Pooled Separate Account $277,042
Ds Janushendersonoverseas Prudential Ins Co. DFE: Pooled Separate Account $263,860
Ds Invesco VI Cr Equ Seri Prudential Ins Co. DFE: Pooled Separate Account $133,670
Ds Prudential Equity Port Prudential Ins Co. DFE: Pooled Separate Account $110,836
Ds Pru Hy Bond Port Prudential Ins Co. DFE: Pooled Separate Account $102,593
Ds Pru Govt Income Port Prudential Ins Co. DFE: Pooled Separate Account $76,027
Ds Pru Diversified Bond Prudential Ins Co. DFE: Pooled Separate Account $66,221
Ds Pru Flex Managed Port Prudential Ins Co. DFE: Pooled Separate Account $62,894
Ds Pru Conservative Bal Prudential Ins Co. DFE: Pooled Separate Account $58,435
Ds Trp Intl Stock Prudential Ins Co. DFE: Pooled Separate Account $49,652
Ds Prudential Value Port Prudential Ins Co. DFE: Pooled Separate Account $41,098
Ds Prudential Global Port Prudential Ins Co. DFE: Pooled Separate Account $35,650
Ds Mfs Res Ser Init Cl Prudential Ins Co. DFE: Pooled Separate Account $28,243
Total $3,483,906

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
The Prudential Insurance Company of America 300
EIN 22-1211670
Industry Code 68241
Contract Number 350590
Contract Year 07/01/2018 — 06/30/2019
Value in General Account at Year End $1,421,663
Value in Separate Accounts at Year End $3,483,908
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 $1,298,400
Additions $427,352
Contributions Deposited during the year $63,203
Dividends and credits $0
Interest credited during the year $40,200
Transferred from separate account $45,041
Other $278,908
Total of Balance and Additions $1,725,752
Deductions $304,089
Disbursed from fund to pay benefits or purchase annuities during the year $223,371
Administration charge made by carrier $178
Transferred to Separate Account $0
Other $80,540
Balance at the end of the current year $1,421,663