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FORM 5500 DATA

New York City District Council of Carpenters Annuity Fund

Overview

Plan Information

  • Plan Year07/01/2012 — 06/30/2013
  • Date of Plan07/01/1966
  • Net Assets as of 06/30/2013 $1,748,438,154
  • 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 06/30/2013

  • Active (Eligible) Participants32,064
  • Retired or separated participants receiving benefits103
  • Other retired or separated participants entitled to future benefits4,240
  • Subtotal36,407
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total36,407
  • Total number of participants as of 07/01/201235,879
  • Number of participants with account balances36,407
  • 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.
2F ERISA section 404(c) Plan This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
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 $280,640,978
Contributions $119,267,204
Cash Contributions $119,267,204
Cash from Employers $118,084,651
Cash from Participants $0
Others (including rollovers) $1,182,553
Noncash Contributions $0
Total Earnings on Investments $155,488,734
Total Interest $33,590,185
Interest-Bearing Cash $13,984
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $2,904,322
Interest from Other Investments $30,671,879
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 $121,898,549
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 $5,885,040
Expenses $109,108,624
Total Benefit Payments $80,811,834
Directly to participants or beneficiaries, including direct rollovers $80,811,834
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $25,272,808
Interest expense $0
Total Administrative Expenses $3,023,982
Professional Fees $545,313
Contract Administrator Fees $0
Investment Advisory and management fees $51,301
Other Administrative Fees $2,427,368
Net Income $171,532,354
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

06/30/2013 06/30/2012 Change YOY
Total Assets $1,749,410,734 $1,577,840,033 10.87%
Total noninterest-bearing cash $28,045 $33,275 -15.72%
Receivables $25,875,535 $33,366,819 -22.45%
Employer Contributions $7,200,000 $6,323,000 13.87%
Participant Contributions $0 $0 0.0%
Other Contributions $18,675,535 $27,043,819 -30.94%
General Investments $0 $0 0.0%
Interest-bearing cash $0 $0 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 $78,028,858 $81,573,752 -4.35%
Value of interest in common/collective trusts $10,463,054 $8,291,800 26.19%
Value of interest in pooled separate accounts $670,685,675 $556,133,344 20.60%
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 $964,080,261 $898,319,439 7.32%
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 $249,306 $121,604 105.01%
Total Liabilities $972,580 $934,233 4.10%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $972,580 $934,233 4.10%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $1,748,438,154 $1,576,905,800 10.88%

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
Schultheis & Panettieri, LLP Accounting (including auditing) NONE $226,383 $0 $226,383
Standard Data Corporation Recordkeeping and information management (computing, tabulating, data processing, etc.) Computer Services $195,956 $0 $195,956
Virginia & Ambinder, LLP Legal Attorney $181,483 $0 $181,483
Kauff, Mcguire & Margolis, LLP Legal NONE $154,536 $0 $154,536
Novak Francella, LLC Accounting (including auditing) NONE $134,603 $0 $134,603
Automatic Data Processing, Inc. Recordkeeping and information management (computing, tabulating, data processing, etc.) Computer Services $75,596 $0 $75,596
Gallagher Fiduciary Advisors, LLC Investment advisory (plan) NONE $49,395 $0 $49,395
Cgi Technologies & Solutions, Inc. Consulting (general) NONE $48,750 $0 $48,750
Harvard Protection Services, LLC Other services Security Services $40,191 $0 $40,191
Laura Kalick Employee (plan) NONE $37,618 $0 $37,618
Kennedy, Jennik & Murray, Pc Legal NONE $36,124 $0 $36,124
Jennifer Gordon - Menschel Employee (plan) NONE $28,798 $0 $28,798
The Segal Company Consulting (general), Insurance brokerage commissions and fees NONE $11,040 $12,414 $23,454
Abrams, Herde & Merkel, LLP Accounting (including auditing) NONE $22,990 $0 $22,990
Roger E. Maher Legal Arbitrator $17,294 $0 $17,294
Heidrick & Struggles Intl, Inc. Consulting (general) NONE $16,695 $0 $16,695
Mueller Block, LLP Consulting (general) NONE $15,858 $0 $15,858
Information Products, Inc. Recordkeeping and information management (computing, tabulating, data processing, etc.) NONE $12,137 $0 $12,137
The Metropolitan Companies, Inc. Other services Outside Services $8,370 $0 $8,370
Icorps Technologies, Inc. Recordkeeping and information management (computing, tabulating, data processing, etc.) NONE $6,762 $0 $6,762
Maxxvault, LLC Recordkeeping and information management (computing, tabulating, data processing, etc.) NONE $5,974 $0 $5,974
Total $1,326,553 $12,414 $1,338,967

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 brokerage commissions and fees Insurance Brokerage Commissions and Fees. $1,884
The Segal Company Ullico Casualty Insurance brokerage commissions and fees Insurance Brokerage Commissions and Fees. $5,508
The Segal Company Am Wins Brokerage of Ny Insurance brokerage commissions and fees Insurance Brokerage Commissions and Fees. $1,493
The Segal Company Elucid Specialty Managers, LLC Insurance brokerage commissions and fees Insurance Brokerage Commissions and Fees. $3,529
*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
Large Cap Value/Lsv Asset Mgmt Fd Prudential Retirement Ins & Ann Co. DFE: Pooled Separate Account $155,488,814
Large Cap Growth/Jp Morgan Inv Mgmt Prudential Retirement Ins & Ann Co. DFE: Pooled Separate Account $142,567,648
Small Cap Value/Kennedy Capital Fd Prudential Retirement Ins & Ann Co. DFE: Pooled Separate Account $114,948,769
International Blend/Aqr Fund Prudential Retirement Ins & Ann Co. DFE: Pooled Separate Account $94,666,390
Small Cap Growth/The Boston Fund Prudential Retirement Ins & Ann Co. DFE: Pooled Separate Account $86,887,786
Dryden S&P 500 Index Fund Prudential Retirement Ins & Ann Co. DFE: Pooled Separate Account $24,015,447
Core Bond/Pim Fund Prudential Retirement Ins & Ann Co. DFE: Pooled Separate Account $21,275,062
Lifetime Aggressive Growth Fund Prudential Retirement Ins & Ann Co. DFE: Pooled Separate Account $10,724,718
Eb Temporary Investment Fund The Bank of New York Mellon DFE: Common/Collective Trust $10,463,054
High Yield Bond/Caywood-Scholl Fund Prudential Retirement Ins & Ann Co. DFE: Pooled Separate Account $6,594,931
International Blend/Thornburg Fund Prudential Retirement Ins & Ann Co. DFE: Pooled Separate Account $6,240,112
Government Securities/Pim Fund Prudential Retirement Ins & Ann Co. DFE: Pooled Separate Account $3,072,016
Midcap Growth/Frontier Capital Fund Prudential Retirement Ins & Ann Co. DFE: Pooled Separate Account $1,612,355
Mid Cap Value/Systematic Fund Prudential Retirement Ins & Ann Co. DFE: Pooled Separate Account $1,612,354
Prudential Tips Enhanced Index Fund Prudential Retirement Ins & Ann Co. DFE: Pooled Separate Account $979,273
Carpenters Mid Cap Balanced Fund Prudential Retirement Ins & Ann Co. DFE: Pooled Separate Account $0
Total $681,148,729

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Prudential Retirement Insurance and Annuity Company 36,407
EIN 06-1050034
Industry Code 93629
Contract Number 38640
Contract Year 07/01/2012 — 06/30/2013
Value in General Account at Year End $0
Value in Separate Accounts at Year End $670,685,675
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 GROUP ANNUITY CONTRACT
Balance at the end of the previous year $898,319,437
Additions $283,307,501
Contributions Deposited during the year $41,151,566
Dividends and credits $0
Interest credited during the year $30,667,744
Transferred from separate account $12,355,964
Other $199,132,227
Total of Balance and Additions $1,181,626,938
Deductions $217,546,677
Disbursed from fund to pay benefits or purchase annuities during the year $32,525,629
Administration charge made by carrier $22,841
Transferred to Separate Account $13,407,103
Other $171,591,104
Balance at the end of the current year $964,080,261