Back to top
FORM 5500 DATA

Near North Montessori School TSA

Overview

Plan Information

  • Plan Year08/01/2017 — 07/31/2018
  • Date of Plan08/01/1984
  • Net Assets as of 07/31/2018 $8,917,622
  • 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? No
  • Plan Funding ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 07/31/2018

  • Active (Eligible) Participants105
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits88
  • Subtotal193
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total193
  • Total number of participants as of 08/01/2017207
  • Number of participants with account balances192
  • 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

  • Address1434 West Division Street
  • CityChicago
  • StateIL
  • Zip60642
  • Telephone(773) 384-1434
  • EIN36-2535895
  • Industry Code611000
  • Named AdministratorCarrie Berlacher
  • Named Plan SponsorAudrey Perrott

Plan Administrator Information

  • Administrator NameCarrie Berlacher
  • Address1434 West Division Street
  • CityChicago
  • StateIL
  • Zip60642
  • Telephone(773) 384-1434
  • Administrator EIN36-2535895

Audit Information

  • Audit StatusAudited
  • AuditorBkd,LLP
  • Auditor EIN44-0160260
  • 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.
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.
2L Code section 403(b)(1) arrangement A 403(b) plan, also known as a tax-sheltered annuity (TSA) plan, is a retirement plan for certain employees of public schools, employees of certain tax-exempt organizations, and certain ministers.
2M Code section 403(b)(7) accounts A 403(b)(7) plan is a tax-deferred retirement plan often available to employees of public schools or non-profit organizations.
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 $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 $1,518,728
Contributions $778,685
Cash Contributions $778,685
Cash from Employers $246,085
Cash from Participants $515,181
Others (including rollovers) $17,419
Noncash Contributions $0
Total Earnings on Investments $740,043
Total Interest $4,775
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $4,775
Interest from Other Investments $0
Total Dividends $91,162
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 $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 $644,106
Other Income $0
Expenses $329,336
Total Benefit Payments $309,467
Directly to participants or beneficiaries, including direct rollovers $309,467
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 $19,869
Professional Fees $0
Contract Administrator Fees $19,869
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $1,189,392
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

07/31/2018 07/31/2017 Change YOY
Total Assets $8,917,622 $7,728,230 15.39%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $28,381 $27,198 4.35%
Employer Contributions $9,026 $9,346 -3.42%
Participant Contributions $19,355 $17,852 8.42%
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 $142,427 $71,825 98.30%
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 $7,613,559 $6,556,303 16.13%
Value of funds held in insurance co. general account $1,133,255 $1,072,904 5.63%
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 $8,917,622 $7,728,230 15.39%

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
Principal Life Insurance Company Contract Administrator, Participant loan processing, Direct payment from the plan, Recordkeeping fees Contract Administrator $31,832 $0 $31,832
Axa Equitable Life Insurance Co Trustee (directed), Investment management, Participant loan processing, Product termination fees (surrender charges, etc.), Shareholder servicing fees, Sub-transfer agency fees, Float revenue, Distribution (12b-1) fees, Other insurance wrap fees NONE $0 $14,801 $14,801
Total $31,832 $14,801 $46,633

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

Insurance Carrier Summary Persons Covered
Principal Life Insurance Company 155
EIN 42-0127290
Industry Code 61271
Contract Number 613953
Contract Year 08/01/2017 — 07/31/2018
Value in General Account at Year End $0
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $0
Persons Receiving Commissions and Fees There are no brokers listed for this plan.
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 CUSTODIAL GUARANTEED INTEREST CONTRACT
Balance at the end of the previous year $785,034
Additions $879,810
Contributions Deposited during the year $74,680
Dividends and credits $0
Interest credited during the year $13,937
Transferred from separate account $0
Other $791,193
Total of Balance and Additions $1,664,844
Deductions $809,349
Disbursed from fund to pay benefits or purchase annuities during the year $13,022
Administration charge made by carrier $3,619
Transferred to Separate Account $0
Other $792,708
Balance at the end of the current year $855,495
Axa Equitable Life Insurance Company 75
EIN 13-5570651
Industry Code 62944
Contract Number 717422
Contract Year 08/01/2017 — 07/31/2018
Value in General Account at Year End $277,760
Value in Separate Accounts at Year End $775,103
Insurance Fees and Commissions $0
Persons Receiving Commissions and Fees There are no brokers listed for this plan.
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 GUARANTEED INTEREST OPTION
Balance at the end of the previous year $287,870
Additions $8,959
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $8,348
Transferred from separate account $611
Other $0
Total of Balance and Additions $296,829
Deductions $19,069
Disbursed from fund to pay benefits or purchase annuities during the year $18,797
Administration charge made by carrier $272
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $277,760