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Home>401K Directory>The Caring Coalition Of Central New York Tax Deferred Annuity Plan>Form 5500

The Caring Coalition of Central New York, d/b/a Hospice of Central New York

Plan Rating
OverviewFinancialsService ProvidersInvestmentsInsurance Information
FORM 5500 DATA

The Caring Coalition of Central New York Tax Deferred Annuity Plan

Form 5500 Year:

Plan Rating
OverviewFinancialsService ProvidersInvestmentsInsurance Information

Overview

Plan Information

  • Plan Year06/01/2018 — 05/31/2019
  • Date of Plan06/01/1987
  • Net Assets as of 05/31/2019 $6,208,243
  • 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? No
  • Plan Funding Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 05/31/2019

  • Active (Eligible) Participants135
  • Retired or separated participants receiving benefits1
  • Other retired or separated participants entitled to future benefits34
  • Subtotal170
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total170
  • Total number of participants as of 06/01/2018159
  • Number of participants with account balances142
  • 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

  • Address990 Seventh North Street
  • CityLiverpool
  • StateNY
  • Zip13088-3148
  • Telephone(315) 634-1100
  • EIN16-1047041
  • Industry Code621610
  • Named AdministratorThomas Maroney
  • Named Plan SponsorCynthia Chandler

Audit Information

  • Audit StatusAudited
  • AuditorBonadio & Co., LLP
  • Auditor EIN16-1131146
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
2E Profit-sharing A defined contribution plan that allows employer discretionary contributions. These plans often contain a 401(k) feature.
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.
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 $500,000
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 $775,551
Contributions $716,073
Cash Contributions $716,073
Cash from Employers $170,179
Cash from Participants $331,353
Others (including rollovers) $214,541
Noncash Contributions $0
Total Earnings on Investments $59,478
Total Interest $5,388
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $5,388
Interest from Other Investments $0
Total Dividends $258,077
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 $0
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 $-203,987
Other Income $0
Expenses $295,626
Total Benefit Payments $294,158
Directly to participants or beneficiaries, including direct rollovers $294,158
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 $1,468
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $1,468
Other Administrative Fees $0
Net Income $479,925
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

05/31/2019 05/31/2018 Change YOY
Total Assets $6,208,243 $5,741,278 8.13%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $4,820 $50 9540.00%
Employer Contributions $4,820 $50 9540.00%
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 $100,193 $90,498 10.71%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $0 $0 0.0%
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 $6,103,230 $5,650,730 8.01%
Value of funds held in insurance co. general account $0 $0 0.0%
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 $12,960 0.0%
Benefit Claims Payable (1) $0 $12,960 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 $6,208,243 $5,728,318 8.38%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

There is no information on eligible indirect compensation for this plan.

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
LPL Financial LLC Investment advisory (participants), Investment advisory (plan) Investment Advisor $26,047 $0 $26,047
Lifetime Benefit Solutions,Inc Consulting (general) Third Party Administrator $3,135 $2,863 $5,998
Massmutual Retirement Services, LLC Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Participant communication, Other services, Shareholder servicing fees, Sub-transfer agency fees, Float revenue, Distribution (12b-1) fees, Recordkeeping fees, Account maintenance fees, Other investment fees and expenses, Other fees, Direct payment from the plan Recordkeeping $1,468 $0 $1,468
Reliance Trust Company Custodial (securities), Trustee (directed), Other fees Custodial Fee $0 $220 $220
Total $30,650 $3,083 $33,733

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Lifetime Benefit Solutions, Inc Reliance Trust Company Consulting (general) Sales Commissions $2,863
Massmutual Retirement Services, LLC American Funds Europacific Recordkeeping and information management (computing, tabulating, data processing, etc.) 0.80% $0
Massmutual Retirement Services, LLC American Funds Wash Mutual Recordkeeping and information management (computing, tabulating, data processing, etc.) 0.80% $0
Massmutual Retirement Services, LLC Franklin Growth Recordkeeping and information management (computing, tabulating, data processing, etc.) 0.60% +$16 Per Participant $0
Massmutual Retirement Services, LLC Franklin Mutual Global Disc Recordkeeping and information management (computing, tabulating, data processing, etc.) 0.60% +$16 Per Participant $0
Massmutual Retirement Services, LLC Franklin Rising Dividends Recordkeeping and information management (computing, tabulating, data processing, etc.) 0.60% +$16 Per Participant $0
Massmutual Retirement Services, LLC Franklin Small Cap Value Recordkeeping and information management (computing, tabulating, data processing, etc.) 0.60% +$16 Per Participant $0
Massmutual Retirement Services, LLC Janus Triton Recordkeeping and information management (computing, tabulating, data processing, etc.) 0.75% $0
Massmutual Retirement Services, LLC Mfs Lifetime 2020 Recordkeeping and information management (computing, tabulating, data processing, etc.) 0.80% $0
Massmutual Retirement Services, LLC Mfs Lifetime 2030 Recordkeeping and information management (computing, tabulating, data processing, etc.) 0.80% $0
Massmutual Retirement Services, LLC Mfs Lifetime 2040 Recordkeeping and information management (computing, tabulating, data processing, etc.) 0.80% $0
Massmutual Retirement Services, LLC Mfs Lifetime Fund 2050 Recordkeeping and information management (computing, tabulating, data processing, etc.) 0.80% $0
Massmutual Retirement Services, LLC Mfs Lifetime Income Recordkeeping and information management (computing, tabulating, data processing, etc.) 0.80% $0
Massmutual Retirement Services, LLC Mfs Limited Maturity Recordkeeping and information management (computing, tabulating, data processing, etc.) 0.70% $0
Massmutual Retirement Services, LLC Mfs Us Government Cash Recordkeeping and information management (computing, tabulating, data processing, etc.) 0.65% $0
Massmutual Retirement Services, LLC Neuberger Berman Sus Eq Recordkeeping and information management (computing, tabulating, data processing, etc.) 0.75% $0
Massmutual Retirement Services, LLC Oppenheimer Developing Market Recordkeeping and information management (computing, tabulating, data processing, etc.) 0.80% $0
Massmutual Retirement Services, LLC Oppenheimer Intl Bond Recordkeeping and information management (computing, tabulating, data processing, etc.) 0.80% $0
Massmutual Retirement Services, LLC Pimco Real Return Recordkeeping and information management (computing, tabulating, data processing, etc.) 0.65% $0
Massmutual Retirement Services, LLC Premier Barings Shrt-Dur Bd R3 Recordkeeping and information management (computing, tabulating, data processing, etc.) 0.75% $0
Massmutual Retirement Services, LLC Goldman Sachs Us Eq Insights R Recordkeeping and information management (computing, tabulating, data processing, etc.) 0.80% $0
Massmutual Retirement Services, LLC Mm S&P 500 Index R3 Recordkeeping and information management (computing, tabulating, data processing, etc.) 0.75% $0
Massmutual Retirement Services, LLC Amer Funds Wash Mutual Inv R2 Recordkeeping and information management (computing, tabulating, data processing, etc.) 0.80% $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

No investments information available for this plan.

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.