Back to top
FORM 5500 DATA

Laborers' Union Local No. 1174 Annuity Fund

Overview

Plan Information

  • Plan Year05/01/2016 — 04/30/2017
  • Date of Plan05/01/2000
  • Net Assets as of 04/30/2017 $19,771,513
  • Plan Number2
  • 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 04/30/2017

  • Active (Eligible) Participants937
  • Retired or separated participants receiving benefits2
  • Other retired or separated participants entitled to future benefits88
  • Subtotal1,027
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total1,027
  • Total number of participants as of 05/01/2016917
  • Number of participants with account balances1,027
  • 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

  • AddressPo Box 6250 6345 Flank Drive Suite 400
  • CityHarrisburg
  • StatePA
  • Zip17112-2795
  • Telephone(717) 652-8040
  • EIN25-6709152
  • Industry Code813930
  • Named AdministratorWilson Eshbach

Audit Information

  • Audit StatusAudited
  • AuditorAlan Ross & Company, Pc
  • Auditor EIN20-5367494
  • 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.

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 $500,000
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 $3,790,723
Contributions $1,782,547
Cash Contributions $1,782,547
Cash from Employers $1,782,547
Cash from Participants $0
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $2,008,176
Total Interest $86
Interest-Bearing Cash $86
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $0
Interest from Other Investments $0
Total Dividends $460,275
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 $6,581
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 $1,541,234
Other Income $0
Expenses $1,306,661
Total Benefit Payments $1,153,071
Directly to participants or beneficiaries, including direct rollovers $1,095,085
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $57,986
Corrective Distributions $0
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $153,590
Professional Fees $15,215
Contract Administrator Fees $42,844
Investment Advisory and management fees $89,528
Other Administrative Fees $6,003
Net Income $2,484,062
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

04/30/2017 04/30/2016 Change YOY
Total Assets $19,781,035 $17,295,071 14.37%
Total noninterest-bearing cash $1,264 $1,179 7.21%
Receivables $225,564 $210,963 6.92%
Employer Contributions $224,215 $209,236 7.16%
Participant Contributions $0 $0 0.0%
Other Contributions $1,349 $1,727 -21.89%
General Investments $161,117 $233,378 -30.96%
Interest-bearing cash $161,117 $233,378 -30.96%
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 $0 $0 0.0%
Value of interest in common/collective trusts $317,919 $230,889 37.69%
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 $19,075,171 $16,618,662 14.78%
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 $0 $0 0.0%
Total Liabilities $9,522 $7,620 24.96%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $2,125 $2,958 -28.16%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $7,397 $4,662 58.67%
Net Assets $19,771,513 $17,287,451 14.37%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Benefits Planners & Associates
  • The Segal Company

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
Mca Administrators, Inc Contract Administrator, Direct payment from the plan NONE $42,844 $0 $42,844
Alan Ross & Company Pc Accounting (including auditing), Direct payment from the plan NONE $7,600 $0 $7,600
Charles W. Johnston Legal, Direct payment from the plan NONE $5,910 $0 $5,910
Total $56,354 $0 $56,354

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
Met Stable Value Fund Cct 25157 Reliance Trust Company DFE: Common/Collective Trust $317,919
Total $317,919

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.