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Tax Deferred Annuity Plan Of Jewish Family Service Of Atlantic County


Plan Information

  • Plan Year01/01/2017 — 12/31/2017
  • Date of Plan11/01/1982
  • Net Assets as of 12/31/2017 $4,775,479
  • 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
  • Plan Benefit ArrangementInsurance

Participant Information as of 12/31/2017

  • Active (Eligible) Participants116
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits55
  • Subtotal171
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits1
  • Total172
  • Total number of participants as of 01/01/2017162
  • Number of participants with account balances170
  • 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

  • Address607 N Jerome Avenue
  • CityMargate City
  • StateNJ
  • Zip08402-1527
  • Telephone(609) 822-1108
  • EIN22-2119902
  • Industry Code624100

Audit Information

  • Audit StatusAudited
  • AuditorCapaldi Reynolds & Pelosi, P.A.
  • Auditor EIN22-2097516
  • 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.
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.

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 $1,311,837
Contributions $724,790
Cash Contributions $724,790
Cash from Employers $276,623
Cash from Participants $278,184
Others (including rollovers) $169,983
Noncash Contributions $0
Total Earnings on Investments $587,047
Total Interest $11,920
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $1,256
Interest from Other Investments $10,664
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 $575,127
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 $177,121
Total Benefit Payments $168,678
Directly to participants or beneficiaries, including direct rollovers $168,678
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $8,322
Interest expense $0
Total Administrative Expenses $121
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $121
Other Administrative Fees $0
Net Income $1,134,716
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2017 12/31/2016 Change YOY
Total Assets $4,775,479 $3,640,763 31.17%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $35,346 $32,238 9.64%
Employer Contributions $24,180 $21,809 10.87%
Participant Contributions $11,166 $10,429 7.07%
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 $23,710 $40,288 -41.15%
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 $4,139,619 $3,101,055 33.49%
Value of funds held in insurance co. general account $576,804 $467,182 23.46%
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 $4,775,479 $3,640,763 31.17%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Fidelity Management & Research Comp
  • The Vanguard Group, Inc.
  • Deutsche Investment Mngt Americas
  • Oppenheimer Funds, Inc.
  • American Century Investment Mngt
  • Calvert Investment Management Inc
  • Capital Research & Management Co
  • Pimco
  • T. Rowe Price Associates, Inc.

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
Mutual of America Life Insurance Co Claims processing, Recordkeeping and information management (computing, tabulating, data processing, etc.), Account maintenance fees, Participant loan processing Service Provider $129 $0 $129
Total $129 $0 $129

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.



Name of Investment Investment Manager Type of Investment Dollar Value
Separate Account No. 1 Mutual of America Life Insurance Company DFE: Pooled Separate Account $4,139,619
Total $4,139,619

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Mutual of America Life Insurance Company 172
EIN 13-1614399
Industry Code 88668
Contract Number 052651-D
Contract Year 01/01/2017 — 12/31/2017
Value in General Account at Year End $576,804
Value in Separate Accounts at Year End $4,139,619
Insurance Fees and Commissions $12,671
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Parsippany Regional Office 300 Interpace Parkway, Suite 260 Parsippany, NJ 07054 Insurance Agent or Broker $0 $12,671 PORTION OF INCENTIVE COMP. PROGRAM
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 $467,182
Additions $147,123
Contributions Deposited during the year $24,042
Dividends and credits $0
Interest credited during the year $11,920
Transferred from separate account $70,873
Other $40,288
Total of Balance and Additions $614,305
Deductions $37,501
Disbursed from fund to pay benefits or purchase annuities during the year $13,791
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $23,710
Balance at the end of the current year $576,804