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Trustees Of Plumbers/Steamfitters Local 440 Defined Contribution Pension Fund

Plan Rating
FORM 5500 DATA

Plumbers and Steamfitters Local 440 Defined Contribution Pension Fund

Overview

Plan Information

  • Plan Year06/01/2016 — 05/31/2017
  • Date of Plan06/01/1999
  • Net Assets as of 05/31/2017 $90,383,353
  • 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? No
  • Plan Funding Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 05/31/2017

  • Active (Eligible) Participants2,451
  • Retired or separated participants receiving benefits9
  • Other retired or separated participants entitled to future benefits0
  • Subtotal2,460
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits23
  • Total2,483
  • Total number of participants as of 06/01/20162,264
  • Number of participants with account balances2,483
  • 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

  • Address3440 Kossuth Street P.O. Box 5769
  • CityLafayette
  • StateIN
  • Zip47903-5769
  • Telephone(800) 552-6550
  • EIN35-2078254
  • Industry Code238220
  • Named AdministratorJames Johnson

Audit Information

  • Audit StatusAudited
  • AuditorL.M. Henderson & Company, LLP
  • Auditor EIN20-5520612
  • Audit OpinionUnqualified
  • Audit Type Full Audit

Benefits Provided Under the Plan

Code Benefit Description
2C Money purchase A pension plan, other than a target benefit plan that requires a fixed percentage of compensation to be contributed to each eligible employee.

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? 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 $16,527,544
Contributions $6,399,789
Cash Contributions $6,399,789
Cash from Employers $4,906,066
Cash from Participants $1,493,723
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $10,127,755
Total Interest $0
Interest-Bearing Cash $0
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 $3,181,999
Preferred Stock $0
Common Stock $3,181,999
Rents $0
Net gain (loss) on sale of assets $6,846,930
Aggregate Proceeds $34,871,839
Aggregate Carrying Amount $28,024,909
Total Unrealized Appreciation (depreciation) of assets $98,826
Real Estate $0
Other $98,826
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 $0
Other Income $0
Expenses $2,442,676
Total Benefit Payments $2,324,421
Directly to participants or beneficiaries, including direct rollovers $2,324,421
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 $118,255
Professional Fees $19,942
Contract Administrator Fees $44,061
Investment Advisory and management fees $43,838
Other Administrative Fees $10,414
Net Income $14,084,868
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 $90,477,580 $76,312,494 18.56%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $555,450 $670,228 -17.13%
Employer Contributions $440,793 $531,116 -17.01%
Participant Contributions $109,060 $133,687 -18.42%
Other Contributions $5,597 $5,425 3.17%
General Investments $1,050,203 $404,182 159.83%
Interest-bearing cash $1,050,203 $404,182 159.83%
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 $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 $88,871,927 $75,238,084 18.12%
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 $94,227 $14,009 572.62%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $94,227 $14,009 572.62%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $90,383,353 $76,298,485 18.46%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

There is no information on eligible indirect compensation for this plan.

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
Andco Consulting, LLC Investment management fees paid directly by plan, Investment advisory (plan) NONE $42,000 $0 $42,000
S.C. Miller & Company Investment management fees paid directly by plan, Investment advisory (plan) NONE $40,181 $0 $40,181
L.M. Henderson & Co., LLP Direct payment from the plan, Accounting (including auditing) NONE $16,250 $0 $16,250
PNC Investment management fees paid directly by plan, Investment advisory (plan) NONE $5,718 $0 $5,718
Total $104,149 $0 $104,149

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.