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FORM 5500 DATA

New York City District Council of Carpenters Annuity Fund

Overview

Plan Information

  • Plan Year07/01/2011 — 06/30/2012
  • Date of Plan07/01/1966
  • Net Assets as of 06/30/2012 $1,576,905,800
  • 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 06/30/2012

  • Active (Eligible) Participants30,268
  • Retired or separated participants receiving benefits104
  • Other retired or separated participants entitled to future benefits5,505
  • Subtotal35,877
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits2
  • Total35,879
  • Total number of participants as of 07/01/201136,020
  • Number of participants with account balances35,879
  • 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 AdministratorCarol Westfall

Plan Administrator Information

  • Administrator NameBoard of Trustees of The Nydcc Annuity Fd
  • Address395 Hudson Street
  • CityNew York
  • StateNY
  • Zip10014
  • Administrator EIN51-0174279

Audit Information

  • Audit StatusAudited
  • AuditorSchultheis & Panettieri, LLP
  • Auditor EIN13-1577780
  • 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.
2T Participant-directed Account Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.

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 $10,000,000
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 $154,220,415
Contributions $120,394,227
Cash Contributions $120,394,227
Cash from Employers $119,173,922
Cash from Participants $0
Others (including rollovers) $1,220,305
Noncash Contributions $0
Total Earnings on Investments $28,463,665
Total Interest $35,347,136
Interest-Bearing Cash $1,196
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $3,151,903
Interest from Other Investments $32,194,037
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 $0
Real Estate $0
Other $0
Net investment gain (loss) from common/collective trusts $0
Net investment gain (loss) from pooled separate accounts $-6,883,471
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 $5,362,523
Expenses $102,924,559
Total Benefit Payments $73,432,506
Directly to participants or beneficiaries, including direct rollovers $73,432,506
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $26,167,969
Interest expense $0
Total Administrative Expenses $3,324,084
Professional Fees $601,997
Contract Administrator Fees $0
Investment Advisory and management fees $50,693
Other Administrative Fees $2,671,394
Net Income $51,295,856
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

06/30/2012 06/30/2011 Change YOY
Total Assets $1,577,840,033 $1,526,439,058 3.37%
Total noninterest-bearing cash $33,275 $1,618,824 -97.94%
Receivables $33,366,819 $6,867,934 385.83%
Employer Contributions $6,323,000 $5,818,484 8.67%
Participant Contributions $0 $0 0.0%
Other Contributions $27,043,819 $1,049,450 2476.95%
General Investments $0 $13,387,090 0.0%
Interest-bearing cash $0 $13,387,090 0.0%
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 $81,573,752 $85,935,548 -5.08%
Value of interest in common/collective trusts $8,291,800 $6,330,248 30.99%
Value of interest in pooled separate accounts $556,133,344 $162,354,568 242.54%
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 $898,319,439 $582,355,592 54.26%
Other Investments $0 $667,575,123 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 $121,604 $14,131 760.55%
Total Liabilities $934,233 $829,114 12.68%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $934,233 $156,427 497.23%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $672,687 0.0%
Net Assets $1,576,905,800 $1,525,609,944 3.36%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Prudential Retirement Ins & Ann Co

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
Virginia & Ambinder, LLP Legal Attorney $222,923 $0 $222,923
Kauff, Mcguire & Margolis, LLP Legal Attorney $211,707 $0 $211,707
Standard Data Corporation Recordkeeping and information management (computing, tabulating, data processing, etc.) Computer Svcs $207,124 $0 $207,124
Schultheis & Panettieri, LLP Accounting (including auditing) NONE $176,389 $0 $176,389
Novak Francella, LLC Accounting (including auditing) NONE $143,386 $0 $143,386
Automatic Data Processing, Inc. Recordkeeping and information management (computing, tabulating, data processing, etc.) Computer Svcs $81,560 $0 $81,560
Joseph Epstein Employee (plan) NONE $46,736 $0 $46,736
The Segal Company Consulting (general), Insurance brokerage commissions and fees NONE $31,071 $14,465 $45,536
Daniel Geisser Employee (plan) NONE $44,147 $0 $44,147
Gallagher Fiduciary Advisors, Inc. Investment advisory (plan) NONE $39,469 $0 $39,469
Harvard Protection Services, LLC Other services Security Svcs $35,754 $0 $35,754
Abrams, Herde & Merkel, LLP Accounting (including auditing) NONE $31,036 $0 $31,036
Maxxvault, LLC Recordkeeping and information management (computing, tabulating, data processing, etc.) NONE $29,151 $0 $29,151
Lapadula Carlson & Co Accounting (including auditing) NONE $27,013 $0 $27,013
Metropolitan Temporaries Other services Outside Svcs $25,836 $0 $25,836
Roger E. Maher Legal Arbitrator $23,058 $0 $23,058
Bank of New York Mellon Custodial (securities) NONE $16,388 $0 $16,388
Shli Corp Accounting (including auditing) NONE $15,193 $0 $15,193
Information Products, Inc. Recordkeeping and information management (computing, tabulating, data processing, etc.) NONE $13,871 $0 $13,871
Avaya, Inc. Recordkeeping and information management (computing, tabulating, data processing, etc.) NONE $10,959 $0 $10,959
Frankfurt, Kurnit, Klein & Selz, Pc Legal NONE $8,633 $0 $8,633
Mrw Consulting Consulting (general) NONE $7,504 $0 $7,504
Insight Direct USA, Inc Recordkeeping and information management (computing, tabulating, data processing, etc.) Computer Svcs $7,344 $0 $7,344
Grabois Consulting LLC Consulting (general) NONE $5,452 $0 $5,452
Total $1,461,704 $14,465 $1,476,169

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 (general), Insurance brokerage commissions and fees Insurance Brokerage Commissions and Fees $4,146
The Segal Company Ullico Casualty Consulting (general), Insurance brokerage commissions and fees Insurance Brokerage Commissions and Fees $5,175
The Segal Company Am Wins Brokerage of Ny Consulting (general), Insurance brokerage commissions and fees Insurance Brokerage Commissions and Fees $4,102
The Segal Company A&R Associates Consulting (general), Insurance brokerage commissions and fees Insurance Brokerage Commissions and Fees. $1,043
*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

Name Position Explanation
Novak Francella LLC Accountant After Evaluating The Fund's Future Needs and The Service Provided By The Fund's Accountant, The Board of Trustees Conducted A Request for Proposal Process and as A Result, Retained A New Accountant.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Large Cap Value/Lsv Asset Mgmt Fd Prudential Retirement Ins & Ann Co. DFE: Pooled Separate Account $127,031,776
Large Cap Growth/Jp Morgan Inv Mgmt Prudential Retirement Ins & Ann Co. DFE: Pooled Separate Account $122,544,672
Small Cap Value/Kennedy Capital Fd Prudential Retirement Ins & Ann Co. DFE: Pooled Separate Account $92,211,658
International Blend/Aqr Fund Prudential Retirement Ins & Ann Co. DFE: Pooled Separate Account $80,848,147
Small Cap Growth/The Boston Fund Prudential Retirement Ins & Ann Co. DFE: Pooled Separate Account $73,182,673
Core Bond/Pim Fund Prudential Retirement Ins & Ann Co. DFE: Pooled Separate Account $19,671,379
Dryden S&P 500 Index Fund Prudential Retirement Ins & Ann Co. DFE: Pooled Separate Account $17,534,749
Lifetime Aggressive Growth Fund Prudential Retirement Ins & Ann Co. DFE: Pooled Separate Account $8,714,454
Eb Temporary Investment Fund The Bank of New York Mellon DFE: Common/Collective Trust $8,291,800
High Yield Bond/Caywood-Scholl Fund Prudential Retirement Ins & Ann Co. DFE: Pooled Separate Account $4,396,456
Government Securities/Pim Fund Prudential Retirement Ins & Ann Co. DFE: Pooled Separate Account $4,267,662
International Blend/Thornburg Fund Prudential Retirement Ins & Ann Co. DFE: Pooled Separate Account $2,807,562
Prudential Tips Enhanced Index Fund Prudential Retirement Ins & Ann Co. DFE: Pooled Separate Account $1,825,263
Carpenters Mid Cap Balanced Fund Prudential Retirement Ins & Ann Co. DFE: Pooled Separate Account $1,096,893
Lifetime Balanced Fund Prudential Retirement Ins & Ann Co. DFE: Pooled Separate Account $0
Lifetime Income & Equity Fund Prudential Retirement Ins & Ann Co. DFE: Pooled Separate Account $0
Lifetime Growth Fund Prudential Retirement Ins & Ann Co. DFE: Pooled Separate Account $0
Lifetime Conservative Growth Fund Prudential Retirement Ins & Ann Co. DFE: Pooled Separate Account $0
Short-Term Investment Fund Bank of New York Mellon DFE: Common/Collective Trust $0
Total $564,425,144

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Prudential Retirement Insurance and Annuity Company 35,879
EIN 06-1050034
Industry Code 93629
Contract Number 38640
Contract Year 07/01/2011 — 06/30/2012
Value in General Account at Year End $898,319,439
Value in Separate Accounts at Year End $556,133,344
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 SEPARATE ACCOUNT
Balance at the end of the previous year $846,438,073
Additions $390,549,204
Contributions Deposited during the year $36,593,749
Dividends and credits $0
Interest credited during the year $32,194,037
Transferred from separate account $53,873,316
Other $267,888,102
Total of Balance and Additions $1,236,987,277
Deductions $338,667,838
Disbursed from fund to pay benefits or purchase annuities during the year $30,181,891
Administration charge made by carrier $15,723
Transferred to Separate Account $30,386,574
Other $278,083,650
Balance at the end of the current year $898,319,439