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FORM 5500 DATA

The Children's Aid Society Voluntary Retirement Plan

Overview

Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan01/01/1998
  • Net Assets as of 12/31/2019 $38,935,311
  • Plan Number2
  • 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 12/31/2019

  • Active (Eligible) Participants2,722
  • Retired or separated participants receiving benefits3
  • Other retired or separated participants entitled to future benefits1,290
  • Subtotal4,015
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits1
  • Total4,016
  • Total number of participants as of 01/01/20193,499
  • Number of participants with account balances3,390
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested36

Expenses

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

Sponsor Information

  • Address711 Third Avenue Suite 700
  • CityNew York
  • StateNY
  • Zip10017
  • Telephone(212) 949-4800
  • EIN13-5562191
  • Industry Code624100
  • Named AdministratorDaniel Shacknai

Audit Information

  • Audit StatusAudited
  • AuditorGrant Thornton 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.
2S Automatic Enrollment Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.

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 $5,000,000
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 $10,553,491
Contributions $4,389,933
Cash Contributions $4,389,933
Cash from Employers $2,475,784
Cash from Participants $1,888,765
Others (including rollovers) $25,384
Noncash Contributions $0
Total Earnings on Investments $5,907,705
Total Interest $13,751
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $13,751
Interest from Other Investments $0
Total Dividends $605,994
Preferred Stock $605,994
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 $3,885,419
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 $1,402,541
Other Income $255,853
Expenses $2,582,012
Total Benefit Payments $2,417,108
Directly to participants or beneficiaries, including direct rollovers $2,417,108
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $6,901
Interest expense $0
Total Administrative Expenses $158,003
Professional Fees $157,302
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $701
Net Income $7,971,479
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2019 12/31/2018 Change YOY
Total Assets $38,935,311 $30,963,832 25.74%
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 $230,521 $260,078 -11.36%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $2,616,291 $2,443,346 7.08%
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 $28,617,951 $20,793,972 37.63%
Value of funds held in insurance co. general account $7,470,548 $7,466,436 0.06%
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 $38,935,311 $30,963,832 25.74%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Voya Retirement Insurance and Annui
  • TIAA
  • The Prudential Insurance Company of

Other Service Providers Receiving Direct or Indirect Compensation

There are no service providers listed for this plan.

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
Separate Account Number 2 Mutual of America Life Insurance Company DFE: Pooled Separate Account $2,111,205
Tiaa Real Estate Tiaa-Cref DFE: Pooled Separate Account $505,086
Total $2,616,291

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Voya Retirement Insurance and Annuity Company 3,064
EIN 71-0294708
Industry Code 86509
Contract Number 664201
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $1,205,081
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $24
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Alex Canas 1 Huntington Quadrangle Melville, NY 11747 Insurance Agent or Broker $23 $1 FEES
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 UNALLOCATED ANNUITY ACCOUNT
Balance at the end of the previous year $1,104,403
Additions $306,794
Contributions Deposited during the year $174,677
Dividends and credits $0
Interest credited during the year $20,069
Transferred from separate account $72,975
Other $39,073
Total of Balance and Additions $1,411,197
Deductions $206,116
Disbursed from fund to pay benefits or purchase annuities during the year $67,248
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $138,868
Balance at the end of the current year $1,205,081
Tiaa Cref 182
EIN 13-1624203
Industry Code 69345
Contract Number 368521
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $4,990,665
Value in Separate Accounts at Year End $6,829,407
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 $5,009,137
Additions $160,315
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $160,299
Transferred from separate account $16
Other $0
Total of Balance and Additions $5,169,452
Deductions $178,787
Disbursed from fund to pay benefits or purchase annuities during the year $171,453
Administration charge made by carrier $0
Transferred to Separate Account $7,334
Other $0
Balance at the end of the current year $4,990,665
Tiaa-Cref 62
EIN 13-1624203
Industry Code 69345
Contract Number 368522
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $105,618
Value in Separate Accounts at Year End $199,862
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 $111,813
Additions $4,451
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $4,331
Transferred from separate account $120
Other $0
Total of Balance and Additions $116,264
Deductions $10,646
Disbursed from fund to pay benefits or purchase annuities during the year $9,972
Administration charge made by carrier $0
Transferred to Separate Account $120
Other $554
Balance at the end of the current year $105,618
Mutual of America Life Insurance Company 0
EIN 13-1614399
Industry Code 88668
Contract Number 006105-K
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $897,803
Value in Separate Accounts at Year End $2,111,205
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 Deposit Administration
Balance at the end of the previous year $970,494
Additions $52,177
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $28,341
Transferred from separate account $23,836
Other $0
Total of Balance and Additions $1,022,671
Deductions $124,868
Disbursed from fund to pay benefits or purchase annuities during the year $124,592
Administration charge made by carrier $276
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $897,803
The Prudential Insurance Company of America 0
EIN 22-1211670
Industry Code 68241
Contract Number 005906
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $275,949
Value in Separate Accounts at Year End $430,553
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 $270,589
Additions $8,076
Contributions Deposited during the year $0
Dividends and credits $8,076
Interest credited during the year $0
Transferred from separate account $0
Other $0
Total of Balance and Additions $278,665
Deductions $2,716
Disbursed from fund to pay benefits or purchase annuities during the year $2,356
Administration charge made by carrier $360
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $275,949