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FORM 5500 DATA

BAC Local Union 15 Supplemental Plan

Overview

Plan Information

  • Plan Year04/01/2011 — 03/31/2012
  • Date of Plan04/01/1981
  • Net Assets as of 03/31/2012 $42,107,440
  • Plan Number2
  • 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 Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 03/31/2012

  • Active (Eligible) Participants446
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits591
  • Subtotal1,037
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits183
  • Total1,220
  • Total number of participants as of 04/01/20111,282
  • 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

  • Address6405 Metcalf Suite 200
  • CityOverland Park
  • StateKS
  • Zip66202
  • Telephone(913) 236-5490
  • EIN43-6102453
  • Industry Code238100
  • Named AdministratorTimothy Papuga
  • Named Plan SponsorSteve Mullen

Plan Administrator Information

  • Administrator NameBoard of Trustees Bac Local 15 Supplemental Pension Fund
  • Address6405 Metcalf Suite 200
  • CityOverland Park
  • StateKS
  • Zip66202
  • Administrator EIN43-6102453

Audit Information

  • Audit StatusAudited
  • AuditorSummers, Spencer & Company Pa
  • Auditor EIN48-1215584
  • 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 $4,188,022
Contributions $1,321,657
Cash Contributions $1,321,657
Cash from Employers $1,321,657
Cash from Participants $0
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $2,866,294
Total Interest $1,005,616
Interest-Bearing Cash $20,730
U.S. Government Securities $553,979
Corporate Debt Instruments $430,907
Loans (other than to participants) $0
Participant Loans $0
Interest from Other Investments $0
Total Dividends $0
Preferred Stock $0
Common Stock $0
Rents $0
Net gain (loss) on sale of assets $172,327
Aggregate Proceeds $13,021,870
Aggregate Carrying Amount $12,849,543
Total Unrealized Appreciation (depreciation) of assets $704,084
Real Estate $0
Other $704,084
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 $984,267
Other Income $71
Expenses $2,769,617
Total Benefit Payments $2,505,078
Directly to participants or beneficiaries, including direct rollovers $2,505,078
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 $264,539
Professional Fees $75,907
Contract Administrator Fees $64,200
Investment Advisory and management fees $107,489
Other Administrative Fees $16,943
Net Income $1,418,405
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

03/31/2012 03/31/2011 Change YOY
Total Assets $42,426,117 $41,037,016 3.38%
Total noninterest-bearing cash $74,682 $136,105 -45.13%
Receivables $402,102 $383,261 4.92%
Employer Contributions $110,998 $181,707 -38.91%
Participant Contributions $0 $0 0.0%
Other Contributions $291,104 $201,554 44.43%
General Investments $16,868,836 $15,263,145 10.52%
Interest-bearing cash $505,693 $506,911 -0.24%
U.S. Government Securities $16,363,143 $14,756,234 10.89%
Corporate Debt Instruments $10,844,289 $12,002,564 -9.65%
Preferred $0 $0 0.0%
All Other $10,844,289 $12,002,564 -9.65%
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 $14,236,208 $13,251,941 7.43%
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 $318,677 $347,981 -8.42%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $16,575 $45,815 -63.82%
Acquisition Indebtedness (1) $79,755 $79,819 -0.08%
Other liabilities (1) $222,347 $222,347 0.00%
Net Assets $42,107,440 $40,689,035 3.49%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Blackrock Institutional Trust

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
Loomis Sayles Investment management fees paid directly by plan, Investment management Investment Manager $81,644 $0 $81,644
Tic International Corporation Claims processing, Contract Administrator, Direct payment from the plan TPA $64,200 $0 $64,200
Arnold, Newbold, Winter & Jackson Legal, Direct payment from the plan Fund Attorney $22,061 $0 $22,061
Construction Benefit Audit Corp Accounting (including auditing), Direct payment from the plan Field Auditor $21,236 $0 $21,236
Segal Advisors Investment advisory (plan), Direct payment from the plan Investment Advisor $20,000 $0 $20,000
Marshall & Ilsley Trust Custodial (securities), Direct payment from the plan Custodial $15,464 $0 $15,464
Barclay Global Investors Investment management, Investment management fees paid directly by plan Investment Manager $10,380 $0 $10,380
Summers, Spencer & Company Pa Accounting (including auditing), Direct payment from the plan Fund Auditor $9,610 $0 $9,610
United Actuarial Services Actuarial, Direct payment from the plan Fund Actuary $3,000 $0 $3,000
Total $247,595 $0 $247,595

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.