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FORM 5500 DATA

Cement Masons Local 526 Annuity Fund

Overview

Plan Information

  • Plan Year06/01/2016 — 05/31/2017
  • Date of Plan06/01/1998
  • Net Assets as of 05/31/2017 $1,249,154
  • Plan Number1
  • Plan Type Multi-Employer
  • Is the plan collectively bargained?Yes
  • 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 05/31/2017

  • Active (Eligible) Participants288
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits98
  • Subtotal386
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total386
  • Total number of participants as of 06/01/2016453
  • Number of participants with account balances386
  • 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

  • Address2606 California Ave
  • CityPittsburgh
  • StatePA
  • Zip15212-2637
  • Telephone(412) 761-6166
  • EIN25-1816854
  • Industry Code238900

Plan Administrator Information

  • Administrator NameBoard of Trustees Cement Masons Local 526 Retirement Fund
  • Address2606 California Ave
  • CityPittsburgh
  • StatePA
  • Zip15212-2637
  • Telephone(412) 761-6166
  • Administrator EIN25-1816854

Audit Information

  • Audit StatusAudited
  • AuditorDiclaudio & Kramer, LLC
  • Auditor EIN27-0889793
  • Audit OpinionUnqualified
  • Audit Type Full 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.

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 $5,000,000
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? Yes
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 $90,730
Contributions $22,988
Cash Contributions $22,988
Cash from Employers $22,988
Cash from Participants $0
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $67,742
Total Interest $4,888
Interest-Bearing Cash $252
U.S. Government Securities $2,211
Corporate Debt Instruments $2,425
Loans (other than to participants) $0
Participant Loans $0
Interest from Other Investments $0
Total Dividends $24,067
Preferred Stock $0
Common Stock $0
Rents $0
Net gain (loss) on sale of assets $129
Aggregate Proceeds $74,813
Aggregate Carrying Amount $74,684
Total Unrealized Appreciation (depreciation) of assets $-4,006
Real Estate $0
Other $-4,006
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 $42,664
Other Income $0
Expenses $524,534
Total Benefit Payments $502,076
Directly to participants or beneficiaries, including direct rollovers $502,076
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 $22,458
Professional Fees $12,085
Contract Administrator Fees $0
Investment Advisory and management fees $4,045
Other Administrative Fees $6,328
Net Income $-433,804
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

05/31/2017 05/31/2016 Change YOY
Total Assets $1,256,988 $1,698,158 -25.98%
Total noninterest-bearing cash $53,069 $18,945 180.12%
Receivables $13,230 $9,115 45.15%
Employer Contributions $6,472 $3,333 94.18%
Participant Contributions $0 $0 0.0%
Other Contributions $6,758 $5,782 16.88%
General Investments $242,162 $279,330 -13.31%
Interest-bearing cash $65,427 $123,905 -47.20%
U.S. Government Securities $54,007 $99,621 -45.79%
Corporate Debt Instruments $122,728 $55,804 119.93%
Preferred $122,728 $55,804 119.93%
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 $0 $0 0.0%
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 $947,079 $1,389,329 -31.83%
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 $1,448 $1,439 0.63%
Total Liabilities $7,834 $15,200 -48.46%
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) $7,834 $15,200 -48.46%
Net Assets $1,249,154 $1,682,958 -25.78%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Double Line Capital Lp
  • The Vanguard Group
  • Loomis Sayles
  • Pimco Funds
  • Federated Investors
  • Oppenheimer
  • Fidelity
  • Virtus Opportunities Trust

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
Diclaudio & Kramer, LLC Accounting (including auditing) NONE $7,200 $0 $7,200
Stephen J. O'Brien & Associates,LLC Legal NONE $4,465 $0 $4,465
Pnc Bank Custodial (securities), Soft dollars commissions, Investment management fees paid directly by plan, Float revenue Custodian $1,082 $0 $1,082
Total $12,747 $0 $12,747

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

No investments information available for this plan.

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.