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FORM 5500 DATA

NYSA-ILA Money Purchase Pension Fund and Plan

Overview

Plan Information

  • Plan Year01/01/2017 — 12/31/2017
  • Date of Plan10/01/1993
  • Net Assets as of 12/31/2017 $416,870,165
  • Plan Number4
  • Plan Type Multi-Employer
  • Is the plan collectively bargained?Yes
  • 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) Participants3,803
  • Retired or separated participants receiving benefits24
  • Other retired or separated participants entitled to future benefits302
  • Subtotal4,129
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits2
  • Total4,131
  • Total number of participants as of 01/01/20174,175
  • Number of participants with account balances4,131
  • 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

  • Address10 Exchange Place Suite 1400
  • CityJersey City
  • StateNJ
  • Zip07302
  • Telephone(201) 479-3360
  • EIN13-3769078
  • Industry Code488300
  • Named AdministratorJohn J. Nardi & Harold J. Daggett

Audit Information

  • Audit StatusAudited
  • AuditorDesena & Company CPAS, LLC
  • Auditor EIN20-0609534
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
2C Money purchase A pension plan, other than a target benefit plan that requires a fixed percentage of compensation to be contributed to each eligible employee.
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.
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 $2,000,000
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 $62,394,884
Contributions $23,121,729
Cash Contributions $23,121,729
Cash from Employers $23,054,449
Cash from Participants $0
Others (including rollovers) $67,280
Noncash Contributions $0
Total Earnings on Investments $35,001,347
Total Interest $3,620,664
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $240,254
Interest from Other Investments $3,380,410
Total Dividends $266,934
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 $28,427,590
Real Estate $0
Other $28,427,590
Net investment gain (loss) from common/collective trusts $0
Net investment gain (loss) from pooled separate accounts $1,694,452
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 $991,707
Other Income $4,271,808
Expenses $10,829,697
Total Benefit Payments $9,663,536
Directly to participants or beneficiaries, including direct rollovers $4,358,030
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $5,305,506
Corrective Distributions $0
Certain deemed distributions of participant loans $862,956
Interest expense $0
Total Administrative Expenses $303,205
Professional Fees $73,697
Contract Administrator Fees $7,112
Investment Advisory and management fees $46,500
Other Administrative Fees $175,896
Net Income $51,565,187
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 $416,870,165 $365,304,978 14.12%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $4,335,751 $3,713,951 16.74%
Employer Contributions $1,890,681 $1,639,048 15.35%
Participant Contributions $0 $0 0.0%
Other Contributions $2,445,070 $2,074,903 17.84%
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 $5,253,875 $4,796,582 9.53%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $180,154,817 $146,527,457 22.95%
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 $55,927,373 $42,911,704 30.33%
Value of funds held in insurance co. general account $171,198,349 $167,355,284 2.30%
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 $416,870,165 $365,304,978 14.12%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Prudential Ret Ins & Annuity Co

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
Nysa-Ila Pension Trust Fd Other services Administrative Service $172,208 $0 $172,208
Reynolds Consulting Svcs, LLC Consulting (pension) Inv Consult $46,500 $0 $46,500
The Lambos Firm, LLP Legal Co-Counsel $44,701 $0 $44,701
Desena & Co, CPAS, LLC Accounting (including auditing) Auditor $15,200 $0 $15,200
Marrinan & Mazzola Mardon P.C. Legal Co-Counsel $13,796 $0 $13,796
Prudential Ret. Ins. & Ann. Company Participant loan processing Custodian $7,112 $0 $7,112
The Rolls Offset Group, Inc. Copying and duplicating Printer $3,578 $0 $3,578
Total $303,095 $0 $303,095

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
Retirement Goal 2030 Fund Prudential Retirement Ins. DFE: Pooled Separate Account $38,427,758
Retirement Goal 2040 Prudential Retirement Ins. DFE: Pooled Separate Account $35,273,623
Retirement Goal 2050 Prudential Retirement Ins. DFE: Pooled Separate Account $25,855,968
Retirement Goal 2020 Fund Prudential Retirement Ins. DFE: Pooled Separate Account $20,342,747
Dryden S&P 500 Index Fund Prudential Retirement Ins. DFE: Pooled Separate Account $15,784,070
Invesco Small Cap Growth Acct Prudential Retirement Ins. DFE: Pooled Separate Account $8,165,324
Templeton Growth Account Prudential Retirement Ins. DFE: Pooled Separate Account $7,430,187
Mid Cap Growth/Artisan Partners Prudential Retirement Ins. DFE: Pooled Separate Account $5,990,237
Small Cap Value/Kennedy Capital Fun Prudential Retirement Ins. DFE: Pooled Separate Account $5,856,098
T. Rowe Price Eq Inc Fund Prudential Retirement Ins. DFE: Pooled Separate Account $5,075,071
Retirement Goal Income Fund Prudential Retirement Ins. DFE: Pooled Separate Account $3,327,186
Retirement Goal 2010 Fund Prudential Retirement Ins. DFE: Pooled Separate Account $3,256,885
Invesco Equity & Inc A Prudential Retirement Ins. DFE: Pooled Separate Account $1,859,522
Ntgi-Qm Coll Daily Russell 3000 Prudential Retirement Ins. DFE: Pooled Separate Account $1,811,695
Retirement Goal 2060 Prudential Retirement Ins. DFE: Pooled Separate Account $1,114,170
Sa Sm Cap Value Strategy Prudential Retirement Ins. DFE: Pooled Separate Account $584,276
Total $180,154,817

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Prudential Retirement Insurance and Annuity Company 2,704
EIN 06-1050034
Industry Code 93629
Contract Number 074921
Contract Year 01/01/2017 — 12/31/2017
Value in General Account at Year End $171,198,349
Value in Separate Accounts at Year End $180,154,817
Insurance Fees and Commissions $166,129
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
John C. Schmitt 2 Mayflower Road Brookville, NY 11545 Insurance Agent or Broker $0 $166,129 SERVICES TO INSURER OR PLAN
Allocated Funds
Type of Contract Unspecified
Basis of premium rates N/A
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 GENERAL ACCOUNT
Balance at the end of the previous year $167,355,284
Additions $14,732,502
Contributions Deposited during the year $6,006,742
Dividends and credits $0
Interest credited during the year $3,380,410
Transferred from separate account $1,685,132
Other $3,660,218
Total of Balance and Additions $182,087,786
Deductions $10,889,437
Disbursed from fund to pay benefits or purchase annuities during the year $5,940,620
Administration charge made by carrier $1,709
Transferred to Separate Account $1,736,725
Other $3,210,383
Balance at the end of the current year $171,198,349