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FORM 5500 DATA

Association For Energy Affordability, Inc. 401k Plan

Overview

Plan Information

  • Plan Year01/01/2018 — 12/31/2018
  • Date of Plan01/01/1994
  • Net Assets as of 12/31/2018 $6,746,078
  • 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
  • Plan Funding ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2018

  • Active (Eligible) Participants95
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits58
  • Subtotal153
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total153
  • Total number of participants as of 01/01/2018148
  • Number of participants with account balances145
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested1

Expenses

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

Sponsor Information

  • Address105 Bruckner Blvd
  • CityBronx
  • StateNY
  • Zip10454
  • Telephone(212) 279-3902
  • EIN13-3374285
  • Industry Code541990
  • Named AdministratorDavid Hepinstall

Audit Information

  • Audit StatusAudited
  • AuditorMarks Paneth LLP
  • Auditor EIN11-3518842
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
2A Age/Service Weighted or New Comparability or Similar Plan Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New Comparability or Similar Plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the threshold or additional rate allowed under the permitted disparity rules of section 401(l)
2E Profit-sharing A defined contribution plan that allows employer discretionary contributions. These plans often contain a 401(k) feature.
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.
2J Code section 401(k) feature A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
2K Code section 401(m) arrangement Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contributions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.

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 $1,000,000
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 $439,696
Contributions $745,216
Cash Contributions $745,216
Cash from Employers $228,242
Cash from Participants $510,114
Others (including rollovers) $6,860
Noncash Contributions $0
Total Earnings on Investments $-305,520
Total Interest $14,334
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $14,334
Interest from Other Investments $0
Total Dividends $0
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 $-319,854
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 $0
Other Income $0
Expenses $244,626
Total Benefit Payments $194,576
Directly to participants or beneficiaries, including direct rollovers $194,576
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $3,510
Interest expense $0
Total Administrative Expenses $46,540
Professional Fees $0
Contract Administrator Fees $46,540
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $195,070
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2018 12/31/2017 Change YOY
Total Assets $6,746,078 $6,551,008 2.98%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $240,941 $233,314 3.27%
Employer Contributions $228,242 $221,348 3.11%
Participant Contributions $12,699 $11,966 6.13%
Other Contributions $0 $0 0.0%
General Investments $1,133 $1,131 0.18%
Interest-bearing cash $1,133 $1,131 0.18%
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 $379,900 $247,361 53.58%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $5,789,257 $5,748,743 0.70%
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 $0 $0 0.0%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $334,847 $320,459 4.49%
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 $6,746,078 $6,551,008 2.98%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • John Hancock New York

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
Ubs Financial Services Inc Investment advisory (participants) Registered Investment Ad $0 $16,759 $16,759
Total $0 $16,759 $16,759

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
Jh Multi-Index Income Preserv John Hancock New York DFE: Pooled Separate Account $757,022
Jh Multi-Index 2050 Preserv John Hancock New York DFE: Pooled Separate Account $741,175
Jh Multi-Index 2025 Preserv John Hancock New York DFE: Pooled Separate Account $576,293
Jh Multi-Index 2040 Preserv John Hancock New York DFE: Pooled Separate Account $529,294
Jh Multi-Index 2035 Preserv John Hancock New York DFE: Pooled Separate Account $494,340
John Hancock Stable Val John Hancock New York DFE: Pooled Separate Account $334,847
American Balanced Fund John Hancock New York DFE: Pooled Separate Account $293,842
500 Index Fund John Hancock New York DFE: Pooled Separate Account $242,146
Blue Chip Growth Fund John Hancock New York DFE: Pooled Separate Account $213,167
Jh Multimanager 2035 Lifetime John Hancock New York DFE: Pooled Separate Account $179,516
Jh Multi-Index 2030 Preserv John Hancock New York DFE: Pooled Separate Account $164,954
Jh Multi-Index 2045 Preserv John Hancock New York DFE: Pooled Separate Account $148,163
Vanguard Growth Index Fund John Hancock New York DFE: Pooled Separate Account $111,341
Jh Multimanager Aggressive Ls John Hancock New York DFE: Pooled Separate Account $103,620
Vanguard Energy Fund John Hancock New York DFE: Pooled Separate Account $101,286
Jh Multimanager Growth Ls John Hancock New York DFE: Pooled Separate Account $92,728
Invesco Small Cap Growth John Hancock New York DFE: Pooled Separate Account $78,063
Utilities Fund John Hancock New York DFE: Pooled Separate Account $61,932
Mid Cap Index Fund John Hancock New York DFE: Pooled Separate Account $56,530
Mid Cap Stock Fund John Hancock New York DFE: Pooled Separate Account $55,908
Small Cap Stock Fund John Hancock New York DFE: Pooled Separate Account $54,683
Jh Multimanager Balanced Ls John Hancock New York DFE: Pooled Separate Account $54,440
Dfa Inflation-Protected Sec John Hancock New York DFE: Pooled Separate Account $43,646
Strategic Income Opp Fund John Hancock New York DFE: Pooled Separate Account $42,850
Vanguard Small Cap Value Index John Hancock New York DFE: Pooled Separate Account $32,883
Vanguard Value Index Fund John Hancock New York DFE: Pooled Separate Account $31,972
Jh Multimanager 2040 Lifetime John Hancock New York DFE: Pooled Separate Account $29,050
Equity Income Fund John Hancock New York DFE: Pooled Separate Account $28,929
Jpmorgan U.S. Equity Fund John Hancock New York DFE: Pooled Separate Account $26,278
Science & Technology Fund John Hancock New York DFE: Pooled Separate Account $25,207
Europacific Growth Fund John Hancock New York DFE: Pooled Separate Account $24,887
Washington Mutual Investors John Hancock New York DFE: Pooled Separate Account $24,857
Jh Multimanager 2030 Lifetime John Hancock New York DFE: Pooled Separate Account $24,332
Investment Company of America John Hancock New York DFE: Pooled Separate Account $23,398
T. Rowe Price Sci & Tech John Hancock New York DFE: Pooled Separate Account $22,447
Us Government Securities John Hancock New York DFE: Pooled Separate Account $21,099
Total Stock Market Index Fund John Hancock New York DFE: Pooled Separate Account $18,793
Jh Multimanager Conserv Ls John Hancock New York DFE: Pooled Separate Account $16,578
Vanguard Explorer Fund John Hancock New York DFE: Pooled Separate Account $16,362
Global Bond Fund John Hancock New York DFE: Pooled Separate Account $16,236
Dfa Us Targeted Value Fund John Hancock New York DFE: Pooled Separate Account $15,967
T. Rowe Price Health Sci John Hancock New York DFE: Pooled Separate Account $14,115
Jpmorgan Large Cap Growth John Hancock New York DFE: Pooled Separate Account $11,843
Vanguard Mid-Cap Value Etf John Hancock New York DFE: Pooled Separate Account $10,993
Jh Disciplined Value Mid Cap John Hancock New York DFE: Pooled Separate Account $10,740
Jh Multimanager 2025 Lifetime John Hancock New York DFE: Pooled Separate Account $10,654
Capital World Growth & Income John Hancock New York DFE: Pooled Separate Account $10,652
Dodge & Cox Stock Fund John Hancock New York DFE: Pooled Separate Account $9,500
Jh Multi-Index 2060 Preserv John Hancock New York DFE: Pooled Separate Account $8,404
New Perspective Fund John Hancock New York DFE: Pooled Separate Account $8,351
Jh Multimanager 2045 Lifetime John Hancock New York DFE: Pooled Separate Account $8,330
Jh Multimanager 2050 Lifetime John Hancock New York DFE: Pooled Separate Account $8,241
Total Bond Market Fund John Hancock New York DFE: Pooled Separate Account $7,990
Dfa U.S. Small Cap Fund John Hancock New York DFE: Pooled Separate Account $7,721
John Hancock Disciplined Value John Hancock New York DFE: Pooled Separate Account $6,911
Intl Equity Index Fund John Hancock New York DFE: Pooled Separate Account $6,766
Small Cap Index Fund John Hancock New York DFE: Pooled Separate Account $6,242
John Hancock Intl Growth John Hancock New York DFE: Pooled Separate Account $5,091
U.S. High Yield Bond Fund John Hancock New York DFE: Pooled Separate Account $4,471
Federated High Yield Bond John Hancock New York DFE: Pooled Separate Account $4,405
The Growth Fund of America John Hancock New York DFE: Pooled Separate Account $3,866
Fidelity Advisor Total Bond John Hancock New York DFE: Pooled Separate Account $3,715
Jh Multimanager Moderate Ls John Hancock New York DFE: Pooled Separate Account $3,205
Fidelity Contrafund John Hancock New York DFE: Pooled Separate Account $2,536
T. Rowe Price Cap Appreciation John Hancock New York DFE: Pooled Separate Account $2,353
Mid Value Fund John Hancock New York DFE: Pooled Separate Account $2,209
Dfa International Value John Hancock New York DFE: Pooled Separate Account $2,048
Jh Multimanager 2055 Lifetime John Hancock New York DFE: Pooled Separate Account $2,033
Jh Multi-Index 2055 Preserv John Hancock New York DFE: Pooled Separate Account $1,953
Financial Industries Fund John Hancock New York DFE: Pooled Separate Account $1,612
John Hancock Bond Fund John Hancock New York DFE: Pooled Separate Account $1,339
Jh Multimanager 2015 Lifetime John Hancock New York DFE: Pooled Separate Account $1,094
Pimco Real Return John Hancock New York DFE: Pooled Separate Account $1,049
Fundamental Large Cap Value John Hancock New York DFE: Pooled Separate Account $821
Oppenheimer Global John Hancock New York DFE: Pooled Separate Account $668
Alternative Asset Allocation John Hancock New York DFE: Pooled Separate Account $443
Jh Multimanager 2060 Lifetime John Hancock New York DFE: Pooled Separate Account $340
U.S. Growth Fund John Hancock New York DFE: Pooled Separate Account $175
Real Est. Securities Fund John Hancock New York DFE: Pooled Separate Account $26
Mfs Emerging Markets Debt John Hancock New York DFE: Pooled Separate Account $14
T. Rowe Price Sml Cap Val John Hancock New York DFE: Pooled Separate Account $14
Small Company Value Fund John Hancock New York DFE: Pooled Separate Account $10
Smallcap World Fund John Hancock New York DFE: Pooled Separate Account $10
Royce Pennsylvania Mutual Fund John Hancock New York DFE: Pooled Separate Account $10
Dfa Emerging Markets Value John Hancock New York DFE: Pooled Separate Account $9
Royce Opportunity John Hancock New York DFE: Pooled Separate Account $9
Oppenheimer Intl Growth Fund John Hancock New York DFE: Pooled Separate Account $9
New World Fund John Hancock New York DFE: Pooled Separate Account $9
New Opportunities Fund John Hancock New York DFE: Pooled Separate Account $9
Ishares Msci Eafe Growth Etf John Hancock New York DFE: Pooled Separate Account $9
Ishares Gold Trust Etf John Hancock New York DFE: Pooled Separate Account $9
Intl Small Cap Fund John Hancock New York DFE: Pooled Separate Account $9
Jh Disciplined Value Intl Fund John Hancock New York DFE: Pooled Separate Account $8
Pimco Commodity Real Return John Hancock New York DFE: Pooled Separate Account $5
Total $6,124,109

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock Life Insurance Company of New York 180
EIN 13-3646501
Industry Code 86375
Contract Number 800681
Contract Year 01/01/2018 — 12/31/2018
Value in General Account at Year End $0
Value in Separate Accounts at Year End $5,789,257
Insurance Fees and Commissions $6,921
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Associated Pension Consultants, Inc 111 Express Street Syosset, NY 11803 Third Party Administrator $0 $3,247 TPA COMPENSATION
Associated Pension Consultants, Inc 111 Express Street Syosset, NY 11803 Third Party Administrator $0 $2,380 TPA FEES PAID
Ubs Financial Services Ins Agency I Insurance Agent or Broker $1,263 $0
Associated Pension Consultants, Inc 111 Express Street Syosset, NY 11803 Third Party Administrator $0 $31 OTHER ALLOWANCES
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 Unspecified
Balance at the end of the previous year $0
Additions $0
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $0
Transferred from separate account $0
Other $0
Total of Balance and Additions $0
Deductions $0
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $0