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FORM 5500 DATA

Money Purchase Pension Plan of Local 400 and Mechanical Contractors Association of North Central Wisconsin, Inc.

Overview

Plan Information

  • Plan Year01/01/2014 — 12/31/2014
  • Date of Plan04/01/1966
  • Net Assets as of 12/31/2014 $204,337,753
  • 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 12/31/2014

  • Active (Eligible) Participants1,289
  • Retired or separated participants receiving benefits249
  • Other retired or separated participants entitled to future benefits28
  • Subtotal1,566
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total1,566
  • Total number of participants as of 01/01/20141,465
  • Number of participants with account balances0
  • 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

  • AddressP.O. Box 530
  • CityKaukauna
  • StateWI
  • Zip54130-0530
  • Telephone(920) 462-0400
  • EIN39-1511099
  • Industry Code238220

Audit Information

  • Audit StatusAudited
  • AuditorFreyberg Hinkle Et Al
  • Auditor EIN39-1531945
  • 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 $22,823,509
Contributions $9,404,425
Cash Contributions $9,404,425
Cash from Employers $9,392,191
Cash from Participants $12,234
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $12,459,846
Total Interest $354,230
Interest-Bearing Cash $924
U.S. Government Securities $0
Corporate Debt Instruments $353,306
Loans (other than to participants) $0
Participant Loans $0
Interest from Other Investments $0
Total Dividends $2,435,823
Preferred Stock $0
Common Stock $382,896
Rents $0
Net gain (loss) on sale of assets $1,589,293
Aggregate Proceeds $36,367,476
Aggregate Carrying Amount $34,778,183
Total Unrealized Appreciation (depreciation) of assets $3,500,151
Real Estate $0
Other $3,500,151
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 $1,699,585
Net investment gain (loss) from registered investment companies $2,880,764
Other Income $959,238
Expenses $7,077,883
Total Benefit Payments $6,162,825
Directly to participants or beneficiaries, including direct rollovers $6,162,825
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 $915,058
Professional Fees $115,358
Contract Administrator Fees $0
Investment Advisory and management fees $748,950
Other Administrative Fees $50,750
Net Income $15,745,626
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2014 12/31/2013 Change YOY
Total Assets $204,498,268 $188,715,070 8.36%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $1,515,423 $16,621,267 -90.88%
Employer Contributions $829,324 $841,196 -1.41%
Participant Contributions $0 $0 0.0%
Other Contributions $686,099 $15,780,071 -95.65%
General Investments $9,650,711 $9,106,438 5.98%
Interest-bearing cash $7,591,705 $6,777,349 12.02%
U.S. Government Securities $2,059,006 $2,329,089 -11.60%
Corporate Debt Instruments $7,569,861 $7,329,556 3.28%
Preferred $0 $0 0.0%
All Other $7,569,861 $7,329,556 3.28%
Corporate Stocks $18,667,013 $17,722,249 5.33%
Preferred $0 $0 0.0%
Common $18,667,013 $17,722,249 5.33%
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 $20,642,786 $0 0.0%
Value of interest in registered investment companies $95,746,843 $90,813,153 5.43%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $50,702,389 $47,079,147 7.70%
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 $3,242 $43,260 -92.51%
Total Liabilities $160,515 $122,943 30.56%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $160,515 $122,943 30.56%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $204,337,753 $188,592,127 8.35%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • The Vanguard Group, Inc.
  • Clifton Defensive Equity Fund 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
Jp Morgan Investment Mgmt, Inc. Investment management, Investment advisory (plan), Direct payment from the plan, Investment management fees paid directly by plan NONE $175,411 $0 $175,411
Common Sense Long-Biased Bpi, Ltd. Recordkeeping fees, Investment management fees paid indirectly by plan, Other insurance fees and expenses, Investment management NONE $170,555 $0 $170,555
Morgan Stanley Investment advisory (plan), Investment management fees paid indirectly by plan NONE $133,230 $0 $133,230
Robert W. Baird & Co., Inc. Investment advisory (plan), Consulting (general), Other services, Consulting fees NONE $117,680 $0 $117,680
Associated Trust Company, N.A. Investment management, Direct payment from the plan NONE $52,801 $0 $52,801
Reinhart Boerner Van Deuren S.C. Legal, Direct payment from the plan NONE $49,418 $0 $49,418
Marquette Associates Consulting (pension), Direct payment from the plan NONE $45,000 $0 $45,000
Mccready and Keene, Inc. Contract Administrator, Direct payment from the plan NONE $40,639 $0 $40,639
Freyberg Hinkle Accounting (including auditing), Direct payment from the plan NONE $14,350 $0 $14,350
Total $799,084 $0 $799,084

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
Clifton Defensive Equity Fund LLC Parametric Portfolio Associates LLC DFE: 103-12 Investment Entity $20,642,786
Total $20,642,786

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.