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Hillside Family of Agencies
Plan RatingFORM 5500 DATA
Overview
Plan Information
- Plan Year01/01/2019 — 12/31/2019
- Date of Plan01/01/2003
- Net Assets as of 12/31/2019 $71,227,883
- 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) Participants1,991
- Retired or separated participants receiving benefits6
- Other retired or separated participants entitled to future benefits648
- Subtotal2,645
- Deceased participants whose beneficiaries are receiving or are entitled to receive benefits2
- Total2,647
- Total number of participants as of 01/01/20192,437
- Number of participants with account balances2,509
- Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested58
Expenses
- Total Benefit Payments$0
- Corrective Distributions$0
- Administrative Service Providers$0
- Other Expenses$0
- Total Expenses$0
- Total Transfers$0
Sponsor Information
- Address1183 Monroe Avenue
- CityRochester
- StateNY
- Zip14620
- Telephone(585) 654-1318
- EIN16-1493407
- Industry Code624100
- Named AdministratorChristopher R. Peterson
- Named Plan SponsorChristopher R. Peterson
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 |
---|---|---|
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. |
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 | $3,000,000 |
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? | Yes | |
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? | Yes |
Financials
Income and Expense Statement
Income | $20,183,243 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Expenses | $9,027,811 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Net Income | $11,155,432 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Asset and Liability Statement
12/31/2019 | 12/31/2018 | Change YOY | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total Assets | $71,227,883 | $60,072,451 | 18.57% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total Liabilities | $0 | $0 | 0.0% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Net Assets | $71,227,883 | $60,072,451 | 18.57% |
Service Providers
Persons Receiving Only Eligible Indirect Compensation
- American Funds
- Baird Funds
- Fidelity Investments Inst
- Jp Morgan
- Vanguard Marketing Corp
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 |
---|---|---|---|---|---|
T Rowe Price Rps Inc | Recordkeeping and information management (computing, tabulating, data processing, etc.), Custodial (other than securities), Custodial (securities), Investment management, Participant loan processing, Participant communication, Other services, Direct payment from the plan, Investment management fees paid indirectly by plan, Shareholder servicing fees, Float revenue, Recordkeeping fees, Account maintenance fees, Other fees | NONE | $86,741 | $0 | $86,741 |
Massachusetts Mutual Life Insurance | Other services, Investment management fees paid indirectly by plan, Sub-transfer agency fees, Float revenue, Distribution (12b-1) fees, Recordkeeping fees, Soft dollars commissions, Other investment fees and expenses | NONE | $36,818 | $0 | $36,818 |
Vanguard | Investment management fees paid indirectly by plan | NONE | $0 | $0 | $0 |
Vanguard | Investment management fees paid indirectly by plan | NONE | $0 | $0 | $0 |
Ridgeworth | Investment management fees paid indirectly by plan | NONE | $0 | $0 | $0 |
Voya Funds | Investment management fees paid indirectly by plan | NONE | $0 | $0 | $0 |
Pimco Funds | Investment management fees paid indirectly by plan | NONE | $0 | $0 | $0 |
T. Rowe Price | Investment management fees paid indirectly by plan | NONE | $0 | $0 | $0 |
American Funds | Investment management fees paid indirectly by plan | NONE | $0 | $0 | $0 |
Northern Funds | Investment management fees paid indirectly by plan | NONE | $0 | $0 | $0 |
Total | $123,559 | $0 | $123,559 |
Indirect Compensation
Name | Source of Indirect Compensation* | Nature of Service | Description of Indirect Compensation | Indirect Compensation Paid by Plan |
---|---|---|---|---|
Vanguard | Vanguard Small Cap Index Fund | Investment management fees paid indirectly by plan | Basis Points * Plan Assets | $0 |
Vanguard | Closed Vanguard Short Term Bon | Investment management fees paid indirectly by plan | Basis Points * Plan Assets | $0 |
Voya Funds | Closed Voya Global Real Estate | Investment management fees paid indirectly by plan | Basis Points * Plan Assets | $0 |
Ridgeworth | Virtus Ceredex Mid Cp Val Eq Fd | Investment management fees paid indirectly by plan | Basis Points * Plan Assets | $0 |
Pimco Funds | Total Return Fund Admin (Pimco) | Investment management fees paid indirectly by plan | Basis Points * Plan Assets | $0 |
Vanguard | Vanguard Short Term Bond Index Fund | Investment management fees paid indirectly by plan | Basis Points * Plan Assets | $0 |
American Funds | Amer Funds Europacific Growth Fund | Investment management fees paid indirectly by plan | Basis Points * Plan Assets | $0 |
Northern Funds | Northern Global Real Estate Idx Fd | Investment management fees paid indirectly by plan | Basis Points * Plan Assets | $0 |
T. Rowe Price | T. Rowe Price Blue Chip Growth Fund | Investment management fees paid indirectly by plan | Basis Points * Plan Assets | $0 |
American Funds | American Fnds 2010 Target Dt Ret Fd | Investment management fees paid indirectly by plan | Basis Points * Plan Assets | $0 |
American Funds | American Fnds 2015 Target Dt Ret Fd | Investment management fees paid indirectly by plan | Basis Points * Plan Assets | $0 |
American Funds | American Fnds 2020 Target Dt Ret Fd | Investment management fees paid indirectly by plan | Basis Points * Plan Assets | $0 |
American Funds | American Fnds 2025 Target Dt Ret Fd | Investment management fees paid indirectly by plan | Basis Points * Plan Assets | $0 |
American Funds | American Fnds 2030 Target Dt Ret Fd | Investment management fees paid indirectly by plan | Basis Points * Plan Assets | $0 |
American Funds | American Fnds 2035 Target Dt Ret Fd | Investment management fees paid indirectly by plan | Basis Points * Plan Assets | $0 |
American Funds | American Fnds 2040 Target Dt Ret Fd | Investment management fees paid indirectly by plan | Basis Points * Plan Assets | $0 |
American Funds | American Fnds 2045 Target Dt Ret Fd | Investment management fees paid indirectly by plan | Basis Points * Plan Assets | $0 |
American Funds | American Fnds 2050 Target Dt Ret Fd | Investment management fees paid indirectly by plan | Basis Points * Plan Assets | $0 |
American Funds | American Fnds 2055 Target Dt Ret Fd | Investment management fees paid indirectly by plan | Basis Points * Plan Assets | $0 |
Massachusetts Mutual Life Insurance | Millennium Trust Company, LLC | Other services | Referral Fee | $0 |
Massachusetts Mutual Life Insurance | Millennium Trust Company, LLC | Other services | Referral Fee | $0 |
Massachusetts Mutual Life Insurance | Capital Preservation Account | Investment management fees paid indirectly by plan | Basis Points * Plan Assets | $0 |
Massachusetts Mutual Life Insurance | Capital Preservation Account | Other investment fees and expenses | Basis Points * Plan Assets | $0 |
Massachusetts Mutual Life Insurance | Closed Voya Global Real Estate | Sub-transfer agency fees | Basis Points * Plan Assets | $0 |
Massachusetts Mutual Life Insurance | Virtus Ceredex Mid Cp Val Eq Fd | Sub-transfer agency fees | Basis Points * Plan Assets | $0 |
Massachusetts Mutual Life Insurance | Total Return Fund Admin (Pimco) | Distribution (12b-1) fees | Basis Points * Plan Assets | $0 |
Massachusetts Mutual Life Insurance | Sel Fndmntl Val Fd (Brwhnlybspt) | Investment management fees paid indirectly by plan | Basis Points * Plan Assets | $0 |
Massachusetts Mutual Life Insurance | Sel Fndmntl Val Fd (Brwhnlybspt) | Other investment fees and expenses | Basis Points * Plan Assets | $0 |
Massachusetts Mutual Life Insurance | Select Mid Cap Gr Fd (Trpfrontier) | Investment management fees paid indirectly by plan | Basis Points * Plan Assets | $0 |
Massachusetts Mutual Life Insurance | Amer Funds Europacific Growth Fund | Sub-transfer agency fees | Basis Points * Plan Assets | $0 |
Massachusetts Mutual Life Insurance | Northern Global Real Estate Idx Fd | Sub-transfer agency fees | Basis Points * Plan Assets | $0 |
Massachusetts Mutual Life Insurance | Amer Funds Europacific Growth Fund | Distribution (12b-1) fees | Basis Points * Plan Assets | $0 |
Massachusetts Mutual Life Insurance | Select Mid Cap Gr Fd (Trpfrontier) | Other investment fees and expenses | Basis Points * Plan Assets | $0 |
Massachusetts Mutual Life Insurance | Mm S&P 500 Index Fd(Northern Trust) | Investment management fees paid indirectly by plan | Basis Points * Plan Assets | $0 |
Massachusetts Mutual Life Insurance | Prem Infl-Prot and Inc Fd (Barings) | Investment management fees paid indirectly by plan | Basis Points * Plan Assets | $0 |
Massachusetts Mutual Life Insurance | Prem U.S. Govt Mny Mkt Fd (Barings) | Investment management fees paid indirectly by plan | Basis Points * Plan Assets | $0 |
Massachusetts Mutual Life Insurance | American Fnds 2010 Target Dt Ret Fd | Sub-transfer agency fees | Basis Points * Plan Assets | $0 |
Massachusetts Mutual Life Insurance | American Fnds 2015 Target Dt Ret Fd | Sub-transfer agency fees | Basis Points * Plan Assets | $0 |
Massachusetts Mutual Life Insurance | American Fnds 2020 Target Dt Ret Fd | Sub-transfer agency fees | Basis Points * Plan Assets | $0 |
Massachusetts Mutual Life Insurance | American Fnds 2025 Target Dt Ret Fd | Sub-transfer agency fees | Basis Points * Plan Assets | $0 |
Massachusetts Mutual Life Insurance | American Fnds 2030 Target Dt Ret Fd | Sub-transfer agency fees | Basis Points * Plan Assets | $0 |
Massachusetts Mutual Life Insurance | American Fnds 2035 Target Dt Ret Fd | Sub-transfer agency fees | Basis Points * Plan Assets | $0 |
Massachusetts Mutual Life Insurance | American Fnds 2040 Target Dt Ret Fd | Sub-transfer agency fees | Basis Points * Plan Assets | $0 |
Massachusetts Mutual Life Insurance | American Fnds 2045 Target Dt Ret Fd | Sub-transfer agency fees | Basis Points * Plan Assets | $0 |
Massachusetts Mutual Life Insurance | American Fnds 2050 Target Dt Ret Fd | Sub-transfer agency fees | Basis Points * Plan Assets | $0 |
Massachusetts Mutual Life Insurance | American Fnds 2055 Target Dt Ret Fd | Sub-transfer agency fees | Basis Points * Plan Assets | $0 |
Massachusetts Mutual Life Insurance | T. Rowe Price Blue Chip Growth Fund | Sub-transfer agency fees | Basis Points * Plan Assets | $0 |
Massachusetts Mutual Life Insurance | American Fnds 2010 Target Dt Ret Fd | Distribution (12b-1) fees | Basis Points * Plan Assets | $0 |
Massachusetts Mutual Life Insurance | American Fnds 2015 Target Dt Ret Fd | Distribution (12b-1) fees | Basis Points * Plan Assets | $0 |
Massachusetts Mutual Life Insurance | American Fnds 2020 Target Dt Ret Fd | Distribution (12b-1) fees | Basis Points * Plan Assets | $0 |
Massachusetts Mutual Life Insurance | American Fnds 2025 Target Dt Ret Fd | Distribution (12b-1) fees | Basis Points * Plan Assets | $0 |
Massachusetts Mutual Life Insurance | American Fnds 2030 Target Dt Ret Fd | Distribution (12b-1) fees | Basis Points * Plan Assets | $0 |
Massachusetts Mutual Life Insurance | American Fnds 2035 Target Dt Ret Fd | Distribution (12b-1) fees | Basis Points * Plan Assets | $0 |
Massachusetts Mutual Life Insurance | American Fnds 2040 Target Dt Ret Fd | Distribution (12b-1) fees | Basis Points * Plan Assets | $0 |
Massachusetts Mutual Life Insurance | American Fnds 2045 Target Dt Ret Fd | Distribution (12b-1) fees | Basis Points * Plan Assets | $0 |
Massachusetts Mutual Life Insurance | American Fnds 2050 Target Dt Ret Fd | Distribution (12b-1) fees | Basis Points * Plan Assets | $0 |
Massachusetts Mutual Life Insurance | American Fnds 2055 Target Dt Ret Fd | Distribution (12b-1) fees | Basis Points * Plan Assets | $0 |
Massachusetts Mutual Life Insurance | T. Rowe Price Blue Chip Growth Fund | Distribution (12b-1) fees | Basis Points * Plan Assets | $0 |
Massachusetts Mutual Life Insurance | Mm S&P 500 Index Fd(Northern Trust) | Other investment fees and expenses | Basis Points * Plan Assets | $0 |
Massachusetts Mutual Life Insurance | Prem Infl-Prot and Inc Fd (Barings) | Other investment fees and expenses | Basis Points * Plan Assets | $0 |
Massachusetts Mutual Life Insurance | Prem U.S. Govt Mny Mkt Fd (Barings) | Other investment fees and expenses | Basis Points * Plan Assets | $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
Insurance Carrier Summary | Persons Covered | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Massachusetts Mutual Life Insurance Company | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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