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Joint Board of Trustees of Construction Industry of Rockford

Plan Rating
FORM 5500 DATA

Construction Industry Retirement Fund of Rockford

Overview

Plan Information

  • Plan Year11/01/2014 — 10/31/2015
  • Date of Plan09/14/1965
  • Net Assets as of 10/31/2015 $333,285,425
  • 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 10/31/2015

  • Active (Eligible) Participants6,983
  • Retired or separated participants receiving benefits747
  • Other retired or separated participants entitled to future benefits0
  • Subtotal7,730
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits29
  • Total7,759
  • Total number of participants as of 11/01/20148,007
  • Number of participants with account balances9,538
  • 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

  • Address6525 Centurion Drive
  • CityLansing
  • StateMI
  • Zip48917-9275
  • Telephone(866) 266-9866
  • EIN36-6131610
  • Industry Code525100
  • Named AdministratorLori St. Clair

Audit Information

  • Audit StatusAudited
  • AuditorLegacy Professionals LLP
  • Auditor EIN32-0043599
  • 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.
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.

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? Yes $75,598,319
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 $19,040,019
Contributions $17,329,836
Cash Contributions $17,329,836
Cash from Employers $17,329,836
Cash from Participants $0
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $1,585,912
Total Interest $993,470
Interest-Bearing Cash $458
U.S. Government Securities $6,674
Corporate Debt Instruments $886,481
Loans (other than to participants) $0
Participant Loans $0
Interest from Other Investments $99,857
Total Dividends $5,139,687
Preferred Stock $0
Common Stock $0
Rents $0
Net gain (loss) on sale of assets $-26,100
Aggregate Proceeds $9,677,684
Aggregate Carrying Amount $9,703,784
Total Unrealized Appreciation (depreciation) of assets $2,652,322
Real Estate $0
Other $2,652,322
Net investment gain (loss) from common/collective trusts $1,771,696
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 $-8,945,163
Other Income $124,271
Expenses $18,992,786
Total Benefit Payments $18,153,889
Directly to participants or beneficiaries, including direct rollovers $18,153,889
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 $838,897
Professional Fees $222,430
Contract Administrator Fees $149,200
Investment Advisory and management fees $410,418
Other Administrative Fees $56,849
Net Income $47,233
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

10/31/2015 10/31/2014 Change YOY
Total Assets $333,852,542 $333,897,657 -0.01%
Total noninterest-bearing cash $2,058,800 $719,437 186.17%
Receivables $3,107,841 $3,243,218 -4.17%
Employer Contributions $2,657,353 $2,948,761 -9.88%
Participant Contributions $0 $0 0.0%
Other Contributions $450,488 $294,457 52.99%
General Investments $1,600,282 $1,923,707 -16.81%
Interest-bearing cash $926,532 $1,632,836 -43.26%
U.S. Government Securities $673,750 $290,871 131.63%
Corporate Debt Instruments $26,170,341 $16,002,897 63.54%
Preferred $0 $0 0.0%
All Other $26,170,341 $16,002,897 63.54%
Corporate Stocks $0 $0 0.0%
Preferred $0 $0 0.0%
Common $0 $0 0.0%
Partnership/joint venture interests $48,226,022 $40,244,160 19.83%
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 $128,592,230 $127,813,874 0.61%
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 $121,201,151 $141,129,334 -14.12%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $2,895,875 $2,821,030 2.65%
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 $567,117 $659,465 -14.00%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $567,117 $659,465 -14.00%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $333,285,425 $333,238,192 0.01%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Credit Suisse Ag
  • Harbor Funds
  • Dfa Investment Dimensions Group
  • Blackrock Investments, LLC
  • Franklin Templeton Distributors
  • Scout Funds
  • Oppenheimer Funds
  • Jp Morgan Trust
  • Afl-Cio Housing Investment Trust
  • T Rowe Price Investment Services
  • Crescent Capital Group
  • Seer Capital Management
  • Tricon Capital
  • Oaktree Capital Management, L.P.
  • One William Street Capital Mgmt.
  • Delaware Investments
  • Ubs Investment Bank
  • Lexington Partners, L.P.
  • White Oak Global Advisors LLC
  • Wells Fargo Advisors,LLC

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
Wells Fargo Recordkeeping and information management (computing, tabulating, data processing, etc.), Investment advisory (plan), Direct payment from the plan, Investment management fees paid indirectly by plan, Sub-transfer agency fees, Float revenue, Distribution (12b-1) fees NONE $255,616 $0 $255,616
Tic International Corporation Plan Administrator, Direct payment from the plan NONE $157,879 $0 $157,879
Williams Mccarthy, LLP Legal, Direct payment from the plan NONE $104,171 $0 $104,171
Meketa Group Investment advisory (plan), Direct payment from the plan NONE $72,500 $0 $72,500
Dolan Mceniry Capital Management Investment management fees paid directly by plan, Investment management NONE $66,494 $0 $66,494
Richard Wolf & Company, Inc. Accounting (including auditing), Direct payment from the plan NONE $62,418 $0 $62,418
The Segal Company Actuarial, Consulting (pension) NONE $31,946 $0 $31,946
Segal Select Insurance Services Insurance services, Consulting (pension), Insurance brokerage commissions and fees NONE $24,888 $3,835 $28,723
Legacy Professionals LLP Accounting (including auditing), Direct payment from the plan NONE $23,895 $0 $23,895
Amalgamated Bank Investment management, Investment management fees paid directly by plan NONE $11,448 $0 $11,448
Comerica Custodial (securities), Investment management, Other services, Other investment fees and expenses NONE $8,217 $0 $8,217
Breckinridge Capital Advisors, Inc. Investment management, Investment management fees paid directly by plan NONE $7,591 $0 $7,591
Total $827,063 $3,835 $830,898

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Segal Select Insurance Services Federal Insurance Company Insurance brokerage commissions and fees Commission Received By Segal Select Insurance Services for Insurance Policy $3,835
*As outlined by the Form 5500 Instructions for service providers with indirect compensation.

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
Sma Large Company Value Fund Comerica Bank DFE: Common/Collective Trust $35,941,493
Wells Fargo Stable Return Fund Wells Fargo Bank, N.A. DFE: Common/Collective Trust $27,372,297
Comerica Small Cap Index Fund Comerica Bank DFE: Common/Collective Trust $21,194,666
Comerica Medium Cap Index Fund Comerica Bank DFE: Common/Collective Trust $18,093,589
Comerica Foreign Equity Index Fund Comerica Bank DFE: Common/Collective Trust $12,603,684
Sma S&P Composite 1500 Index Fund Comerica Bank DFE: Common/Collective Trust $10,146,192
Longview Build America Bond Veba Fu Amalgamated Bank DFE: Common/Collective Trust $3,240,309
Sma Stable Value Fund Comerica Bank DFE: Common/Collective Trust $0
Sma Small Company 600 Index Fund Comerica Bank DFE: Common/Collective Trust $0
Sma Medium Company 400 Index Fund Comerica Bank DFE: Common/Collective Trust $0
Total $128,592,230

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.