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Board of Trustees Exhibition Employees Local 829 Annuity Fund

Plan Rating
FORM 5500 DATA

Exhibition Employees Local 829 Annuity Fund

Overview

Plan Information

  • Plan Year01/01/2014 — 12/31/2014
  • Date of Plan12/12/1974
  • Net Assets as of 12/31/2014 $20,623,719
  • 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 Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2014

  • Active (Eligible) Participants169
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits14
  • Subtotal183
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total183
  • Total number of participants as of 01/01/2014191
  • Number of participants with account balances183
  • 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

  • AddressExhibition Employees L-829 Annuity 140 Sylvan Ave #303
  • CityEnglewood Cliffs
  • StateNJ
  • Zip07632-2560
  • Telephone(201) 592-6800
  • EIN51-6145928
  • Industry Code813000
  • Named AdministratorJudith Broach Independent Fiduciary

Audit Information

  • Audit StatusAudited
  • AuditorNovak Francella, LLC
  • Auditor EIN61-1436956
  • Audit OpinionUnqualified
  • Audit Type Full Audit

Benefits Provided Under the Plan

Code Benefit Description
2C Money purchase A pension plan, other than a target benefit plan that requires a fixed percentage of compensation to be contributed to each eligible employee.

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 $2,500,000
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? Yes $101,941
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? Yes
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 $1,525,350
Contributions $292,847
Cash Contributions $292,847
Cash from Employers $292,847
Cash from Participants $0
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $917,233
Total Interest $90,692
Interest-Bearing Cash $8
U.S. Government Securities $528
Corporate Debt Instruments $84,003
Loans (other than to participants) $0
Participant Loans $0
Interest from Other Investments $6,153
Total Dividends $451,234
Preferred Stock $0
Common Stock $177,714
Rents $0
Net gain (loss) on sale of assets $69,843
Aggregate Proceeds $8,072,685
Aggregate Carrying Amount $8,002,842
Total Unrealized Appreciation (depreciation) of assets $311,121
Real Estate $0
Other $311,121
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 $-5,657
Other Income $315,270
Expenses $1,549,198
Total Benefit Payments $1,120,064
Directly to participants or beneficiaries, including direct rollovers $1,120,064
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $49,685
Interest expense $0
Total Administrative Expenses $379,449
Professional Fees $284,789
Contract Administrator Fees $0
Investment Advisory and management fees $65,555
Other Administrative Fees $29,105
Net Income $-23,848
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2014 12/31/2013 Change YOY
Total Assets $20,906,554 $20,762,136 0.70%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $845,980 $257,438 228.62%
Employer Contributions $51,381 $26,273 95.57%
Participant Contributions $0 $0 0.0%
Other Contributions $794,599 $231,165 243.74%
General Investments $1,010,370 $549,719 83.80%
Interest-bearing cash $970,402 $549,719 76.53%
U.S. Government Securities $39,968 $0 0.0%
Corporate Debt Instruments $2,276,056 $3,014,107 -24.49%
Preferred $0 $0 0.0%
All Other $2,276,056 $3,014,107 -24.49%
Corporate Stocks $5,468,773 $5,336,153 2.49%
Preferred $0 $0 0.0%
Common $5,468,773 $5,336,153 2.49%
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 $5,873,844 $5,924,730 -0.86%
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 $5,329,590 $5,572,755 -4.36%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $101,941 $101,941 0.00%
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 $5,293 0.0%
Total Liabilities $282,835 $114,569 146.87%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $71,984 $66,795 7.77%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $210,851 $47,774 341.35%
Net Assets $20,623,719 $20,647,567 -0.12%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • The Vanguard Group
  • Nuveen Fund Advisors, LLC

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'Donoghue & O'Donoghue, LLP Legal, Direct payment from the plan NONE $84,185 $0 $84,185
Novak Francella, LLC Accounting (including auditing), Direct payment from the plan NONE $79,494 $0 $79,494
Benserco, Inc. Plan Administrator, Direct payment from the plan NONE $64,815 $0 $64,815
Icc Capital Management Inc Investment management, Investment management fees paid directly by plan NONE $53,758 $0 $53,758
Broach & Stulberg LLP Trustee (directed), Direct payment from the plan NONE $36,984 $0 $36,984
Segal and Co. Actuarial, Direct payment from the plan NONE $19,311 $0 $19,311
Clear Arc Capital, Inc Investment management, Investment management fees paid directly by plan NONE $13,475 $0 $13,475
Reynolds Investment Consulting Svcs Investment management, Investment management fees paid directly by plan NONE $8,000 $0 $8,000
Total $360,022 $0 $360,022

Indirect Compensation

There are no service providers with indirect compensation listed for this plan.

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

There are no insurance carriers listed for this plan.