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FORM 5500 DATA

New York City District Council of Carpenters Annuity Fund

Overview

Plan Information

  • Plan Year07/01/2009 — 06/30/2010
  • Date of Plan07/01/1966
  • Net Assets as of 06/30/2010 $1,355,027,755
  • 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 ArrangementInsurance Trust

Participant Information as of 06/30/2010

  • Active (Eligible) Participants31,998
  • Retired or separated participants receiving benefits71
  • Other retired or separated participants entitled to future benefits4,374
  • Subtotal36,443
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits31
  • Total36,474
  • Total number of participants as of 07/01/200936,975
  • Number of participants with account balances36,474
  • 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

  • Address395 Hudson Street
  • CityNew York
  • StateNY
  • Zip10014
  • Telephone(212) 366-7300
  • EIN51-0174279
  • Industry Code236200
  • Named AdministratorJohn Ballantyne
  • Named Plan SponsorJohn Delollis

Plan Administrator Information

  • Administrator NameBoard of Trustees of The Nydcc Annuity Fund
  • Address395 Hudson Street
  • CityNew York
  • StateNY
  • Zip10014
  • Telephone(212) 366-7300
  • Administrator EIN51-0174279

Audit Information

  • Audit StatusAudited
  • AuditorNovak Francella LLC
  • Auditor EIN61-1436956
  • 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? 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 $219,108,697
Contributions $118,743,124
Cash Contributions $118,743,124
Cash from Employers $117,756,580
Cash from Participants $0
Others (including rollovers) $986,544
Noncash Contributions $0
Total Earnings on Investments $95,799,352
Total Interest $4,010,833
Interest-Bearing Cash $20,411
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $3,990,422
Interest from Other Investments $0
Total Dividends $0
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 $78,354,837
Real Estate $0
Other $78,354,837
Net investment gain (loss) from common/collective trusts $0
Net investment gain (loss) from pooled separate accounts $13,433,682
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 $0
Other Income $4,566,221
Expenses $111,719,289
Total Benefit Payments $109,126,052
Directly to participants or beneficiaries, including direct rollovers $109,126,052
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $-990,016
Interest expense $0
Total Administrative Expenses $3,583,253
Professional Fees $1,340,671
Contract Administrator Fees $0
Investment Advisory and management fees $57,527
Other Administrative Fees $2,185,055
Net Income $107,389,408
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

06/30/2010 06/30/2009 Change YOY
Total Assets $1,355,344,408 $1,248,106,094 8.59%
Total noninterest-bearing cash $4,374,173 $7,400,051 -40.89%
Receivables $8,675,512 $6,008,964 44.38%
Employer Contributions $3,575,926 $5,432,500 -34.18%
Participant Contributions $0 $0 0.0%
Other Contributions $5,099,586 $576,464 784.63%
General Investments $8,720,002 $11,433,498 -23.73%
Interest-bearing cash $8,720,002 $11,433,498 -23.73%
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 $87,174,063 $80,568,834 8.20%
Value of interest in common/collective trusts $4,936,477 $4,138,134 19.29%
Value of interest in pooled separate accounts $123,725,304 $599,874,228 -79.37%
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 $0 $0 0.0%
Value of funds held in insurance co. general account $555,702,805 $538,628,585 3.17%
Other Investments $562,003,100 $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 $32,972 $53,800 -38.71%
Total Liabilities $316,653 $467,747 -32.30%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $209,182 $195,300 7.11%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $107,471 $272,447 -60.55%
Net Assets $1,355,027,755 $1,247,638,347 8.61%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Prudential Retirement Insurance and

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
O'Dwyer & Bernstien, LLP Legal, Direct payment from the plan NONE $426,552 $0 $426,552
Standard Data Corporation Recordkeeping and information management (computing, tabulating, data processing, etc.), Direct payment from the plan NONE $209,985 $0 $209,985
Daniel F. Geisser Employee (plan), Direct payment from the plan Employee $200,658 $0 $200,658
Schulte Roth & Zabel LLP Legal, Direct payment from the plan NONE $146,785 $0 $146,785
Abrams, Herde & Merkel, LLP Accounting (including auditing), Direct payment from the plan NONE $136,913 $0 $136,913
Novak Francella LLC Accounting (including auditing), Direct payment from the plan NONE $104,299 $0 $104,299
Schultheis & Panettieri LLP Accounting (including auditing), Direct payment from the plan NONE $101,852 $0 $101,852
Barry Security Inc Other services, Direct payment from the plan NONE $97,032 $0 $97,032
Automatic Data Processing Recordkeeping and information management (computing, tabulating, data processing, etc.), Direct payment from the plan NONE $74,797 $0 $74,797
Stuart Grabois Employee (plan), Direct payment from the plan Employee $58,732 $0 $58,732
Independent Fiduciary Services Inc Investment advisory (plan), Investment management fees paid directly by plan NONE $51,077 $0 $51,077
David Jacobsen Employee (plan), Direct payment from the plan Employee $32,106 $0 $32,106
Joseph A. Banome Employee (plan), Direct payment from the plan Employee $29,279 $0 $29,279
Douglas W. Truax Employee (plan), Direct payment from the plan Employee $28,517 $0 $28,517
Stephen Quon Employee (plan), Direct payment from the plan Employee $28,407 $0 $28,407
John F. Amico Employee (plan), Direct payment from the plan Employee $26,767 $0 $26,767
The Segal Company Consulting (pension), Direct payment from the plan, Insurance agents and brokers, Insurance brokerage commissions and fees NONE $10,000 $10,593 $20,593
Information Solutions Inc Other services, Direct payment from the plan NONE $13,871 $0 $13,871
Roger E. Maher Legal, Direct payment from the plan NONE $8,952 $0 $8,952
Winmill Software Other services, Direct payment from the plan NONE $8,623 $0 $8,623
Avaya Inc Other services, Direct payment from the plan NONE $7,600 $0 $7,600
Bank of New York Mellon Custodial (other than securities), Investment management fees paid directly by plan NONE $6,451 $0 $6,451
C&R Consulting Inc Consulting (general), Direct payment from the plan NONE $6,240 $0 $6,240
Gregory J. Polvere and Associates Accounting (including auditing), Direct payment from the plan NONE $6,183 $0 $6,183
Insight Other services, Direct payment from the plan NONE $5,340 $0 $5,340
Total $1,827,018 $10,593 $1,837,611

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
The Segal Company Federal Insurance Company Consulting (pension), Direct payment from the plan, Insurance agents and brokers, Insurance brokerage commissions and fees Insurance Brokerage Commissions $2,662
The Segal Company Am Wins Brokerage of New Yor Consulting (pension), Direct payment from the plan, Insurance agents and brokers, Insurance brokerage commissions and fees Insurance Brokerage Commissions $1,924
The Segal Company A & R Associates Consulting (pension), Direct payment from the plan, Insurance agents and brokers, Insurance brokerage commissions and fees Insurance Brokerage Commissions $892
The Segal Company Ullico Casualy Company Consulting (pension), Direct payment from the plan, Insurance agents and brokers, Insurance brokerage commissions and fees Insurance Brokerage Commissions $5,115
*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
Sm Cap Val/Kennedy Cap Fd - Sasv3 Prudential Retirement Ins Co. DFE: Pooled Separate Account $28,580,089
Lge Cap Val/Lsv Asset Mgmt - Salv5 Prudential Retirement Ins Co. DFE: Pooled Separate Account $15,532,322
Dryden S&P Index Fund - Sab Prudential Retirement Ins Co. DFE: Pooled Separate Account $13,282,363
Core Bond/Pim Fund - 11 Prudential Retirement Ins Co. DFE: Pooled Separate Account $12,818,529
Lc Gr/Turner Inv Partners - Salc2 Prudential Retirement Ins Co. DFE: Pooled Separate Account $10,481,040
International Blend/Mund Cpfd Sabia Prudential Retirement Ins Co. DFE: Pooled Separate Account $10,326,103
Lifetime 40 Balanced Fd - L3 Prudential Retirement Ins Co. DFE: Pooled Separate Account $8,618,464
Sm Cap Growth/Boston Co Fd - Sasg3 Prudential Retirement Ins Co. DFE: Pooled Separate Account $7,570,175
Lifetime 20 Aggressive Growth - L1 Prudential Retirement Ins Co. DFE: Pooled Separate Account $6,469,712
Short-Term Investment Fund Bank of New York Mellon DFE: Common/Collective Trust $4,936,477
Lifetime 30 Growth Fd - L2 Prudential Retirement Ins Co. DFE: Pooled Separate Account $4,598,028
Lifetime 50 Conserv Growth Fd - L5 Prudential Retirement Ins Co. DFE: Pooled Separate Account $2,839,905
Lifetime 60 Income & Equity Fd - L6 Prudential Retirement Ins Co. DFE: Pooled Separate Account $1,562,537
Goverment Securities/Pim Fund Prudential Retirement Ins Co. DFE: Pooled Separate Account $1,046,037
Total $128,661,781

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Prudential Retirement Ins. & Annuity Co. 36,474
EIN 06-1050034
Industry Code 93629
Contract Number 38640
Contract Year 07/01/2009 — 06/30/2010
Value in General Account at Year End $555,702,805
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 GUARANTEED GENERAL ACCOUNT
Balance at the end of the previous year $538,628,585
Additions $78,539,617
Contributions Deposited during the year $42,133,215
Dividends and credits $0
Interest credited during the year $0
Transferred from separate account $0
Other $36,406,402
Total of Balance and Additions $617,168,202
Deductions $61,465,397
Disbursed from fund to pay benefits or purchase annuities during the year $22,542,119
Administration charge made by carrier $0
Transferred to Separate Account $17,359,651
Other $21,563,627
Balance at the end of the current year $555,702,805