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FORM 5500 DATA

New York City District Council of Carpenters Annuity Fund

Overview

Plan Information

  • Plan Year07/01/2010 — 06/30/2011
  • Date of Plan07/01/1966
  • Net Assets as of 06/30/2011 $1,525,609,944
  • 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 06/30/2011

  • Active (Eligible) Participants30,764
  • Retired or separated participants receiving benefits79
  • Other retired or separated participants entitled to future benefits5,155
  • Subtotal35,998
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits22
  • Total36,020
  • Total number of participants as of 07/01/201036,474
  • Number of participants with account balances36,020
  • 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 AdministratorMichael Bilello
  • Named Plan SponsorDavid Meberg

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 $294,139,937
Contributions $116,942,715
Cash Contributions $116,942,715
Cash from Employers $115,687,583
Cash from Participants $0
Others (including rollovers) $1,255,132
Noncash Contributions $0
Total Earnings on Investments $172,184,329
Total Interest $3,450,212
Interest-Bearing Cash $12,995
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $3,437,217
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 $135,423,152
Real Estate $0
Other $135,423,152
Net investment gain (loss) from common/collective trusts $0
Net investment gain (loss) from pooled separate accounts $33,310,965
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 $5,012,893
Expenses $123,557,748
Total Benefit Payments $117,971,059
Directly to participants or beneficiaries, including direct rollovers $117,971,059
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $2,057,626
Interest expense $0
Total Administrative Expenses $3,529,063
Professional Fees $1,384,221
Contract Administrator Fees $0
Investment Advisory and management fees $57,323
Other Administrative Fees $2,087,519
Net Income $170,582,189
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

06/30/2011 06/30/2010 Change YOY
Total Assets $1,526,439,058 $1,355,344,408 12.62%
Total noninterest-bearing cash $1,618,824 $4,374,173 -62.99%
Receivables $6,867,934 $8,675,512 -20.84%
Employer Contributions $5,818,484 $3,575,926 62.71%
Participant Contributions $0 $0 0.0%
Other Contributions $1,049,450 $5,099,586 -79.42%
General Investments $13,387,090 $8,720,002 53.52%
Interest-bearing cash $13,387,090 $8,720,002 53.52%
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 $85,935,548 $87,174,063 -1.42%
Value of interest in common/collective trusts $6,330,248 $4,936,477 28.23%
Value of interest in pooled separate accounts $162,354,568 $123,725,304 31.22%
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 $582,355,592 $555,702,805 4.80%
Other Investments $667,575,123 $562,003,100 18.78%
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 $14,131 $32,972 -57.14%
Total Liabilities $829,114 $316,653 161.84%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $156,427 $209,182 -25.22%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $672,687 $107,471 525.92%
Net Assets $1,525,609,944 $1,355,027,755 12.59%

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 $267,114 $0 $267,114
Standard Data Corporation Recordkeeping and information management (computing, tabulating, data processing, etc.), Direct payment from the plan NONE $234,438 $0 $234,438
Daniel F. Geisser Employee (plan), Direct payment from the plan Employee $191,190 $0 $191,190
Novak Francella LLC Accounting (including auditing), Direct payment from the plan NONE $163,362 $0 $163,362
Kauff, Mcguire & Margolis LLP Legal, Direct payment from the plan NONE $130,688 $0 $130,688
Schulte Roth & Zabel LLP Legal, Direct payment from the plan NONE $121,744 $0 $121,744
Stuart Grabois Employee (plan), Direct payment from the plan Employee $101,843 $0 $101,843
Barry Security Inc Other services, Direct payment from the plan NONE $99,927 $0 $99,927
Schultheis & Panettieri LLP Accounting (including auditing), Direct payment from the plan NONE $98,531 $0 $98,531
Automatic Data Processing Recordkeeping and information management (computing, tabulating, data processing, etc.), Direct payment from the plan NONE $71,257 $0 $71,257
Abrams, Herde & Merkel, LLP Accounting (including auditing), Direct payment from the plan NONE $64,196 $0 $64,196
Independent Fiduciary Services Inc Investment advisory (plan), Investment management fees paid directly by plan NONE $51,719 $0 $51,719
Lapadula Carlson & Co Accounting (including auditing), Direct payment from the plan NONE $43,848 $0 $43,848
The Segal Company Consulting (pension), Direct payment from the plan, Insurance agents and brokers, Insurance brokerage commissions and fees NONE $31,392 $10,593 $41,985
John P. Pirrone Employee (plan), Direct payment from the plan Employee $38,477 $0 $38,477
David Jacobsen Employee (plan), Direct payment from the plan Employee $33,128 $0 $33,128
Stephen Quon Employee (plan), Direct payment from the plan Employee $30,686 $0 $30,686
Gino M. Fiacco Employee (plan), Direct payment from the plan Employee $26,327 $0 $26,327
Information Products Inc Other services, Direct payment from the plan NONE $13,871 $0 $13,871
Avaya Inc Recordkeeping and information management (computing, tabulating, data processing, etc.), Direct payment from the plan NONE $10,437 $0 $10,437
Receivable Managment Services Recordkeeping and information management (computing, tabulating, data processing, etc.), Direct payment from the plan NONE $9,758 $0 $9,758
Virginia and Ambinder LLP Legal, Direct payment from the plan NONE $7,938 $0 $7,938
Roger E. Maher Legal, Direct payment from the plan NONE $7,842 $0 $7,842
Robert Herzog Legal, Direct payment from the plan NONE $7,570 $0 $7,570
Winmill Software Other services, Direct payment from the plan NONE $7,262 $0 $7,262
Shli Inc Accounting (including auditing), Direct payment from the plan NONE $6,998 $0 $6,998
Grabois Consulting LLC Consulting (general), Direct payment from the plan Former Executive Director $6,971 $0 $6,971
C&R Consulting Inc Consulting (general), Direct payment from the plan NONE $5,760 $0 $5,760
Bank of New York Mellon Custodial (other than securities), Investment management fees paid directly by plan NONE $5,603 $0 $5,603
Total $1,889,877 $10,593 $1,900,470

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 Insurance agents and brokers, Insurance brokerage commissions and fees Insurance Brokerage Commissions $2,662
The Segal Company Am Wins Brokerage of New Yor Insurance agents and brokers, Insurance brokerage commissions and fees Insurance Brokerage Commissions $1,924
The Segal Company A & R Associates Insurance agents and brokers, Insurance brokerage commissions and fees Insurance Brokerage Commissions $892
The Segal Company Ullico Casualy Company 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 $35,321,935
Lge Cap Val/Lsv Asset Mgmt - Salv5 Prudential Retirement Ins Co. DFE: Pooled Separate Account $20,962,543
Dryden S&P Index Fund - Sab Prudential Retirement Ins Co. DFE: Pooled Separate Account $17,265,120
Core Bond/Pim Fund - 11 Prudential Retirement Ins Co. DFE: Pooled Separate Account $14,347,835
International Blend/Mund Cpfd Sabia Prudential Retirement Ins Co. DFE: Pooled Separate Account $13,766,177
Lc Gr/Turner Inv Partners - Salc2 Prudential Retirement Ins Co. DFE: Pooled Separate Account $12,876,509
Lifetime Balanced Fd - L3 Prudential Retirement Ins Co. DFE: Pooled Separate Account $11,719,148
Sm Cap Growth/Boston Co Fd - Sasg3 Prudential Retirement Ins Co. DFE: Pooled Separate Account $11,655,187
Lifetime Aggressive Growth - L1 Prudential Retirement Ins Co. DFE: Pooled Separate Account $9,291,680
Lifetime Growth Fd - L2 Prudential Retirement Ins Co. DFE: Pooled Separate Account $6,551,973
Short-Term Investment Fund Bank of New York Mellon DFE: Common/Collective Trust $6,330,248
Lifetime Conserv Growth Fd - L5 Prudential Retirement Ins Co. DFE: Pooled Separate Account $3,966,558
Goverment Securities/Pim Fund Prudential Retirement Ins Co. DFE: Pooled Separate Account $2,570,769
Lifetime Income & Equity Fd - L6 Prudential Retirement Ins Co. DFE: Pooled Separate Account $2,059,134
Total $168,684,816

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Prudential Retirement Ins. & Annuity Co. 36,020
EIN 06-1050034
Industry Code 93629
Contract Number 38640
Contract Year 07/01/2010 — 06/30/2011
Value in General Account at Year End $582,355,592
Value in Separate Accounts at Year End $162,354,568
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 $555,702,805
Additions $81,837,614
Contributions Deposited during the year $39,717,080
Dividends and credits $0
Interest credited during the year $0
Transferred from separate account $0
Other $42,120,534
Total of Balance and Additions $637,540,419
Deductions $55,184,827
Disbursed from fund to pay benefits or purchase annuities during the year $36,570,850
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $18,613,977
Balance at the end of the current year $582,355,592