Back to top

R. W. Pressprich & Co., Inc. 401k Savings Plan


Plan Information

  • Plan Year01/01/2015 — 12/31/2015
  • Date of Plan07/01/1991
  • Net Assets as of 12/31/2015 $16,757,521
  • 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 Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2015

  • Active (Eligible) Participants82
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits14
  • Subtotal96
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total96
  • Total number of participants as of 01/01/2015106
  • Number of participants with account balances75
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested0


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

Sponsor Information

  • Address452 Fifth Avenue, 12th Floor
  • CityNew York
  • StateNY
  • Zip10018
  • Telephone(212) 832-6200
  • EIN13-3570685
  • Industry Code523120
  • Named AdministratorRichard Scofield

Audit Information

  • Audit StatusAudited
  • AuditorEisner Amper LLP
  • Auditor EIN13-1639826
  • 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.
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.
2R Brokerage Window Participant-directed brokerage accounts provided as an investment option under the plan.
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 $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


Income and Expense Statement

Income $853,285
Contributions $795,868
Cash Contributions $795,868
Cash from Employers $0
Cash from Participants $795,868
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $57,417
Total Interest $15,164
Interest-Bearing Cash $484
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $14,680
Interest from Other Investments $0
Total Dividends $748,691
Preferred Stock $0
Common Stock $85,341
Rents $0
Net gain (loss) on sale of assets $24,598
Aggregate Proceeds $1,129,624
Aggregate Carrying Amount $1,105,026
Total Unrealized Appreciation (depreciation) of assets $-42,209
Real Estate $0
Other $-42,209
Net investment gain (loss) from common/collective trusts $1,637
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 $-690,464
Other Income $0
Expenses $4,821,853
Total Benefit Payments $4,791,595
Directly to participants or beneficiaries, including direct rollovers $4,791,595
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $1,260
Interest expense $0
Total Administrative Expenses $28,998
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $22,600
Other Administrative Fees $6,398
Net Income $-3,968,568
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2015 12/31/2014 Change YOY
Total Assets $16,757,521 $20,726,089 -19.15%
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 $3,376,393 $2,693,184 25.37%
Interest-bearing cash $3,376,393 $2,693,184 25.37%
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 $885,373 $1,483,449 -40.32%
Preferred $0 $0 0.0%
Common $885,373 $1,483,449 -40.32%
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 $216,284 $290,911 -25.65%
Value of interest in common/collective trusts $272,355 $168,969 61.19%
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 $11,984,576 $16,076,716 -25.45%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $22,540 $12,860 75.27%
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 $16,757,521 $20,726,089 -19.15%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Fidelity Investments Institutional

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
Strategic Advisors, Inc. Investment advisory (plan) Advisor $22,600 $0 $22,600
Fidelity Investments Institutional Participant loan processing, Sub-transfer agency fees, Recordkeeping fees, Account maintenance fees, Securities brokerage commissions and fees Recordkeeper $7,409 $0 $7,409
Total $30,009 $0 $30,009

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Fidelity Investments Institutional Third Avenue Focsed Credit Fund Inv Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Doubleline Total Rt Bond Fd Cl N Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Sit Us Govt Secs Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Htfd Grth Opps Y - Hartford Admini Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Janus Research T - Janus Services Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Msif Emerging Mkts A - Boston Fina Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Msif Mid Cap Grth A - Morgan Stanl Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Pimco High Yield Adm - Boston Fina Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Pimco Real Rtn Bd Ad - Boston Fina Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Pimco Tot Return Adm - Boston Fina Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Royce Opportunity S - Boston Finan Sub-transfer agency fees 0.45% $0
Fidelity Investments Institutional Templeton Foreign A - Franklin Tem Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Tmpl Global Bond A - Franklin Temp Sub-transfer agency fees 0.40% $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.



Name of Investment Investment Manager Type of Investment Dollar Value
Mip Cl 1 Fidelity Management Trust Company DFE: Common/Collective Trust $272,355
Total $272,355

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.