Back to top

Board of Trustees Central Illinois Carpenters Retirement Savings Fund

Plan Rating
FORM 5500 DATA

Central Illinois Carpenters Retirement Savings Fund

Overview

Plan Information

  • Plan Year05/01/2017 — 04/30/2018
  • Date of Plan05/01/1988
  • Net Assets as of 04/30/2018 $149,557,146
  • 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 ArrangementInsurance Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 04/30/2018

  • Active (Eligible) Participants2,762
  • Retired or separated participants receiving benefits24
  • Other retired or separated participants entitled to future benefits3,366
  • Subtotal6,152
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total6,152
  • Total number of participants as of 05/01/20175,878
  • Number of participants with account balances6,064
  • 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

  • Address200 S Madigan Drive
  • CityLincoln
  • StateIL
  • Zip62656-9601
  • Telephone(217) 732-1919
  • EIN37-1234126
  • Industry Code238900

Audit Information

  • Audit StatusAudited
  • AuditorRomolo & Associates
  • Auditor EIN37-1077733
  • 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 $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 $22,084,339
Contributions $10,273,749
Cash Contributions $10,273,749
Cash from Employers $10,273,749
Cash from Participants $0
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $11,780,679
Total Interest $605,083
Interest-Bearing Cash $22,851
U.S. Government Securities $301,159
Corporate Debt Instruments $271,192
Loans (other than to participants) $0
Participant Loans $0
Interest from Other Investments $9,881
Total Dividends $2,372,186
Preferred Stock $135,294
Common Stock $675,533
Rents $0
Net gain (loss) on sale of assets $5,271,012
Aggregate Proceeds $26,498,083
Aggregate Carrying Amount $21,227,071
Total Unrealized Appreciation (depreciation) of assets $2,211,465
Real Estate $0
Other $2,211,465
Net investment gain (loss) from common/collective trusts $0
Net investment gain (loss) from pooled separate accounts $144,183
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 $1,176,750
Other Income $29,911
Expenses $10,210,799
Total Benefit Payments $9,039,289
Directly to participants or beneficiaries, including direct rollovers $9,039,289
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 $1,171,510
Professional Fees $40,572
Contract Administrator Fees $128,422
Investment Advisory and management fees $956,672
Other Administrative Fees $45,844
Net Income $11,873,540
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

04/30/2018 04/30/2017 Change YOY
Total Assets $149,625,949 $137,752,234 8.62%
Total noninterest-bearing cash $299,915 $523,540 -42.71%
Receivables $1,168,958 $1,075,171 8.72%
Employer Contributions $940,917 $859,756 9.44%
Participant Contributions $0 $0 0.0%
Other Contributions $228,041 $215,415 5.86%
General Investments $18,598,586 $21,243,308 -12.45%
Interest-bearing cash $7,717,176 $9,983,737 -22.70%
U.S. Government Securities $10,881,410 $11,259,571 -3.36%
Corporate Debt Instruments $7,438,978 $7,016,791 6.02%
Preferred $0 $0 0.0%
All Other $7,438,978 $7,016,791 6.02%
Corporate Stocks $60,541,304 $58,562,736 3.38%
Preferred $2,425,281 $2,230,070 8.75%
Common $58,116,023 $56,332,666 3.17%
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 $4,331,148 $3,715,197 16.58%
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 $54,358,148 $43,453,285 25.10%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $2,888,912 $2,162,206 33.61%
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 $68,803 $68,628 0.25%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $21,413 $21,238 0.82%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $47,390 $47,390 0.00%
Net Assets $149,557,146 $137,683,606 8.62%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Invesco Balanced Risk Alloc A
  • Virtus Senior Floating Rate A
  • Doubleline Total Return Bond Fund
  • Kopernik Global All Cap Fund
  • Gotham Absolute Return Fund
  • Ishares Msci Acwi Ex Us Etf
  • Ishares Msci Emserging Mkts Etf
  • Ishares Core Msci Eafe Etf
  • Ishares Core Msci Emerging
  • Deutsche Enhanced Comm Strat A

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
Morgan Stanley Smith Barney Investment advisory (plan), Other investment fees and expenses, Investment management fees paid directly by plan, Distribution (12b-1) fees, Securities brokerage, Securities brokerage commissions and fees, Recordkeeping and information management (computing, tabulating, data processing, etc.), Recordkeeping fees, Other services, Other commissions NONE $630,565 $0 $630,565
Sustainable Growth Advisors Investment management fees paid directly by plan NONE $198,743 $0 $198,743
Cich & Wtf Contract Administrator, Direct payment from the plan Affiliated Organization $128,422 $0 $128,422
McDonnell Investment Management LLC Investment management, Investment management fees paid directly by plan NONE $43,746 $0 $43,746
Skybridge Capital Ii, LLC Investment management fees paid directly by plan, Investment management fees paid indirectly by plan NONE $41,659 $0 $41,659
Cavanagh & O'Hara LLP Legal, Direct payment from the plan NONE $24,757 $0 $24,757
Romolo & Associates Accounting (including auditing), Direct payment from the plan NONE $14,500 $0 $14,500
Stonebridge Advisors LLC Investment management, Investment management fees paid directly by plan NONE $13,718 $0 $13,718
Westwind Concepts Other services, Direct payment from the plan NONE $5,093 $0 $5,093
Total $1,101,203 $0 $1,101,203

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
McDonnell Investment Management LLC Market Axess Securities brokerage The Ratio Of: ((Total Market Value of Trades Executed On Ecn for The Fund) Divided By (Total Market Value of Trades Executed On Ecn for All Mcdonnell Client Accounts)) Multiplied By Total Rebate Received By Mcdonnell From Ecn Vendor $0
*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
Ullico Separate Account W1 The Union Labor Life Insurance Company DFE: Pooled Separate Account $4,331,148
Total $4,331,148

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
The Union Labor Life Insurance Company 0
EIN 13-1423090
Industry Code 69744
Contract Number GA-02111
Contract Year 05/01/2017 — 04/30/2018
Value in General Account at Year End $0
Value in Separate Accounts at Year End $4,331,148
Insurance Fees and Commissions $28,241
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Ullico Investment Company 8403 Coleville Rd, 13th Floor Silver Spring, MD 20910 Other $0 $28,241 ASSET MANAGEMENT FEE
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 Unspecified
Balance at the end of the previous year $0
Additions $0
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $0
Transferred from separate account $0
Other $0
Total of Balance and Additions $0
Deductions $0
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $0