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Overview

Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan06/01/1994
  • Net Assets as of 12/31/2019 $48,213,593
  • Plan Number1
  • Plan Type Single Employer
  • Is the plan collectively bargained? No
  • 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 12/31/2019

  • Active (Eligible) Participants383
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits116
  • Subtotal499
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total499
  • Total number of participants as of 01/01/2019482
  • Number of participants with account balances477
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested41

Expenses

  • Total Benefit Payments$0
  • Corrective Distributions$0
  • Administrative Service Providers$0
  • Other Expenses$0
  • Total Expenses$0
  • Total Transfers$0

Sponsor Information

  • Address100 Overlook Center Suite 101
  • CityPrinceton
  • StateNJ
  • Zip08540
  • Telephone(609) 716-7900
  • EIN51-0625438
  • Industry Code541700
  • Named AdministratorSerena Filson
  • Named Plan SponsorSerena Filson

Audit Information

  • Audit StatusAudited
  • AuditorSchmersahl Treloar & Co.
  • Auditor EIN43-1540459
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope 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.
2J Code section 401(k) feature A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
2K Code section 401(m) arrangement Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contributions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
2S Automatic Enrollment Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
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.
3D Master plan A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
3H Controlled Group Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

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 $3,000,000
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 $14,700,586
Contributions $5,765,905
Cash Contributions $5,765,905
Cash from Employers $1,402,530
Cash from Participants $3,616,711
Others (including rollovers) $746,664
Noncash Contributions $0
Total Earnings on Investments $8,934,681
Total Interest $67,321
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $10,933
Interest from Other Investments $56,388
Total Dividends $1,554,394
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 $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 $7,312,966
Other Income $0
Expenses $5,620,334
Total Benefit Payments $5,599,867
Directly to participants or beneficiaries, including direct rollovers $5,599,867
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $7,299
Certain deemed distributions of participant loans $4,852
Interest expense $0
Total Administrative Expenses $8,316
Professional Fees $0
Contract Administrator Fees $8,316
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $9,080,252
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2019 12/31/2018 Change YOY
Total Assets $48,213,593 $38,176,886 26.29%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $0 $0 0.0%
Employer Contributions $0 $0 0.0%
Participant Contributions $0 $0 0.0%
Other Contributions $0 $0 0.0%
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 $170,760 $228,927 -25.41%
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 $46,053,429 $35,791,549 28.67%
Value of funds held in insurance co. general account $1,989,404 $2,156,410 -7.74%
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 $0 $0 0.0%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $0 $0 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $48,213,593 $38,176,886 26.29%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

There is no information on eligible indirect compensation for this plan.

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
Alliant Retirement Services LLC Consulting (general) Financial Advisor $0 $45,833 $45,833
Massachusetts Mutual Life Ins. Co. Other services, Investment management fees paid indirectly by plan, Sub-transfer agency fees, Float revenue, Distribution (12b-1) fees, Recordkeeping fees, Other investment fees and expenses Contract Administrator $8,316 $0 $8,316
American Century Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
American Funds Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
American Funds Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Blackrock Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Cohen & Steers Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Eaton Vance Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Franklintempleton Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Invesco Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Invesco Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
John Hancock Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Jp Morgan Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Pgim Investments Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Pgim Investments Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Pimco Funds Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Principal Investors Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Vanguard Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Vanguard Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Vanguard Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Vanguard Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Total $8,316 $45,833 $54,149

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Alliant Retirement Services LLC Massachusetts Mutual Life Ins. Co. Consulting (general) Plan Related Expenses $45,833
Massachusetts Mutual Life Ins. Co. Sagic Diversified Bond Other investment fees and expenses, Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Eaton Vance Atlanta Cap Smid-Cap Fd Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Prem U.S. Govt Mny Mkt Fd Barings Other investment fees and expenses, Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Jhancock3 Disciplined Value Fund Distribution (12b-1) fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Mm S&P 500 Index Fdnorthern Trust Other investment fees and expenses, Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Pgim Qma Mid-Cap Value Fund Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Franklin Intl Grwth Fd Distribution (12b-1) fees, Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Invesco Oppenheimer Intl Growth Fd Distribution (12b-1) fees, Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Cohen & Steers Real Est Scrts Fd Distribution (12b-1) fees, Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Invesco Oppenheimer Discovery Fund Distribution (12b-1) fees, Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Pgim Total Return Bond Fund Distribution (12b-1) fees, Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Jp Morgan Equity Income Fund Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Millennium Trust Company, LLC Other services Referral Fee $0
Massachusetts Mutual Life Ins. Co. American Century Mid Cap Value Fund Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Mm S&P Mid Cap Index Fund Nrtn Tr Other investment fees and expenses, Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Mm Rsl 2000 Smcap Indx Fd Nrtn Tr Other investment fees and expenses, Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Blackrock Lifepath Index 2025 Fund Distribution (12b-1) fees, Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Blackrock Lifepath Index 2030 Fund Distribution (12b-1) fees, Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Blackrock Lifepath Index 2035 Fund Distribution (12b-1) fees, Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Blackrock Lifepath Index 2040 Fund Distribution (12b-1) fees, Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Blackrock Lifepath Index 2045 Fund Distribution (12b-1) fees, Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Blackrock Lifepath Index 2050 Fund Distribution (12b-1) fees, Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Blackrock Lifepath Index 2055 Fund Distribution (12b-1) fees, Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Blackrock Lifepath Index Rmnt Fund Distribution (12b-1) fees, Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Closed Blackrock Lifepath Inde Distribution (12b-1) fees, Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Principal Smallcap Value II Fund Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. American Funds New World Fund Distribution (12b-1) fees, Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. American Funds New Perspective Fund Distribution (12b-1) fees, Sub-transfer agency fees Basis Points * Plan Assets $0
American Century American Century Mid Cap Value Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
American Funds American Funds New Perspective Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
American Funds American Funds New World Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Blackrock Blackrock Lifepath Index 2025 Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Blackrock Blackrock Lifepath Index 2030 Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Blackrock Blackrock Lifepath Index 2035 Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Blackrock Blackrock Lifepath Index 2040 Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Blackrock Blackrock Lifepath Index 2045 Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Blackrock Blackrock Lifepath Index 2050 Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Blackrock Blackrock Lifepath Index 2055 Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Blackrock Blackrock Lifepath Index Rmnt Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Blackrock Closed Blackrock Lifepath Inde Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Cohen & Steers Cohen & Steers Real Est Scrts Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Eaton Vance Eaton Vance Atlanta Cap Smid-Cap Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Franklintempleton Franklin Intl Grwth Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Invesco Invesco Oppenheimer Intl Growth Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Invesco Invesco Oppenheimer Discovery Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
John Hancock Jhancock3 Disciplined Value Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Jp Morgan Jp Morgan Equity Income Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Pgim Investments Pgim Qma Mid-Cap Value Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Pgim Investments Pgim Total Return Bond Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Pimco Funds Pimco Commoditiesplus Strategy Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Principal Investors Principal Smallcap Value II Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Vanguard Vanguard Gnma Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Vanguard Vanguard Inflation-Protectd Secs Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Vanguard Closed Vanguard Total Bond Mrk Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Vanguard Closed Vanguard Total Intl Sto Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Vanguard Vanguard Growth & Income Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Vanguard Vanguard Total Bond Mrkt Index Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Vanguard Vanguard Total Intl Stock Index Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Vanguard Vanguard Wellington Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Vanguard Vanguard Us Growth Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
*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

No investments information available for this plan.

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Massachusetts Mutual Life Insurance Company 499
EIN 04-1590850
Industry Code 65935
Contract Number MR 62022
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $0
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 GROUP ANNUITY CONTRACT
Balance at the end of the previous year $2,156,410
Additions $594,975
Contributions Deposited during the year $-239,567
Dividends and credits $0
Interest credited during the year $56,388
Transferred from separate account $617,453
Other $160,701
Total of Balance and Additions $2,751,385
Deductions $761,981
Disbursed from fund to pay benefits or purchase annuities during the year $761,074
Administration charge made by carrier $344
Transferred to Separate Account $0
Other $563
Balance at the end of the current year $1,989,404