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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 Year01/01/2015 — 12/31/2015
  • Date of Plan12/12/1974
  • Net Assets as of 12/31/2015 $13,412,577
  • 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 12/31/2015

  • Active (Eligible) Participants77
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits68
  • Subtotal145
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total145
  • Total number of participants as of 01/01/2015183
  • Number of participants with account balances0
  • 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? 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? 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 $511,887
Contributions $408,179
Cash Contributions $408,179
Cash from Employers $408,179
Cash from Participants $0
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $103,708
Total Interest $83,184
Interest-Bearing Cash $9
U.S. Government Securities $8,165
Corporate Debt Instruments $71,907
Loans (other than to participants) $0
Participant Loans $0
Interest from Other Investments $3,103
Total Dividends $276,578
Preferred Stock $0
Common Stock $72,482
Rents $0
Net gain (loss) on sale of assets $60,564
Aggregate Proceeds $14,430,396
Aggregate Carrying Amount $14,369,832
Total Unrealized Appreciation (depreciation) of assets $-143,798
Real Estate $0
Other $-143,798
Net investment gain (loss) from common/collective trusts $20,669
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 $-193,489
Other Income $0
Expenses $7,723,029
Total Benefit Payments $7,479,792
Directly to participants or beneficiaries, including direct rollovers $7,479,792
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $243,237
Professional Fees $166,763
Contract Administrator Fees $0
Investment Advisory and management fees $60,138
Other Administrative Fees $16,336
Net Income $-7,211,142
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2015 12/31/2014 Change YOY
Total Assets $13,492,446 $20,906,554 -35.46%
Total noninterest-bearing cash $205,180 $0 0.0%
Receivables $290,772 $845,980 -65.63%
Employer Contributions $76,498 $51,381 48.88%
Participant Contributions $0 $0 0.0%
Other Contributions $214,274 $794,599 -73.03%
General Investments $866,057 $1,010,370 -14.28%
Interest-bearing cash $229,314 $970,402 -76.37%
U.S. Government Securities $636,743 $39,968 1493.13%
Corporate Debt Instruments $1,901,634 $2,276,056 -16.45%
Preferred $0 $0 0.0%
All Other $1,901,634 $2,276,056 -16.45%
Corporate Stocks $2,588,669 $5,468,773 -52.66%
Preferred $0 $0 0.0%
Common $2,588,669 $5,468,773 -52.66%
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 $2,727 $5,873,844 -99.95%
Value of interest in common/collective trusts $2,520,669 $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 $5,116,738 $5,329,590 -3.99%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $0 $101,941 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 $79,869 $282,835 -71.76%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $66,959 $71,984 -6.98%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $12,910 $210,851 -93.88%
Net Assets $13,412,577 $20,623,719 -34.97%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • The Vanguard Group
  • Nuveen Fund Advisors, LLC
  • Highland Capital Management

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
Novak Francella, LLC Accounting (including auditing), Direct payment from the plan NONE $51,230 $0 $51,230
Broach & Stulberg LLP Trustee (directed), Direct payment from the plan Ind. Fiduciary Is Ptr. $48,989 $0 $48,989
Benserco, Inc. Plan Administrator, Direct payment from the plan NONE $39,681 $0 $39,681
Icc Capital Management Inc Investment management, Investment management fees paid directly by plan NONE $34,795 $0 $34,795
O'Donoghue & O'Donoghue, LLP Legal, Direct payment from the plan NONE $20,553 $0 $20,553
Amalgamated Bank Custodial (securities), Other services, Direct payment from the plan NONE $10,913 $0 $10,913
Reynolds Investment Consulting Svcs Investment management, Investment management fees paid directly by plan NONE $8,000 $0 $8,000
Clear Arc Capital, Inc Investment management, Investment management fees paid directly by plan NONE $6,818 $0 $6,818
Segal and Co. Actuarial, Direct payment from the plan NONE $6,310 $0 $6,310
Total $227,289 $0 $227,289

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

Name of Investment Investment Manager Type of Investment Dollar Value
Longview Largecap 1000 Growth Index Amalgamatged Bank DFE: Common/Collective Trust $1,532,176
Longview Core Bond Fund Amalgamatged Bank DFE: Common/Collective Trust $988,493
Total $2,520,669

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.