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FORM 5500 DATA

National Childrens Center, Inc. 403(b) Retirement Savings Plan

Overview

Plan Information

  • Plan Year01/01/2018 — 12/31/2018
  • Date of Plan01/01/1973
  • Net Assets as of 12/31/2018 $9,982,914
  • 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 12/31/2018

  • Active (Eligible) Participants752
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits58
  • Subtotal810
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total810
  • Total number of participants as of 01/01/2018781
  • Number of participants with account balances810
  • 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

  • Address8757 Georgia Ave Ste 700
  • CitySilver Spring
  • StateMD
  • Zip20910-3708
  • Telephone(202) 722-2316
  • EIN53-0260523
  • Industry Code813000
  • Named AdministratorDonald Rodrick
  • Named Plan SponsorDonald Rodrick

Plan Administrator Information

  • Administrator NameNational Childrens Center, Inc.
  • Address8757 Georgia Ave Ste 700
  • CitySilver Spring
  • StateMD
  • Zip20910-3708
  • Telephone(202) 722-2316
  • Administrator EIN53-0260523

Audit Information

  • Audit StatusAudited
  • AuditorSBC
  • Auditor EIN20-2153727
  • 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.
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.
2L Code section 403(b)(1) arrangement A 403(b) plan, also known as a tax-sheltered annuity (TSA) plan, is a retirement plan for certain employees of public schools, employees of certain tax-exempt organizations, and certain ministers.

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 $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? 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 $182,920
Contributions $590,938
Cash Contributions $590,938
Cash from Employers $158,959
Cash from Participants $380,343
Others (including rollovers) $51,636
Noncash Contributions $0
Total Earnings on Investments $-408,018
Total Interest $395,601
Interest-Bearing Cash $388,891
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $6,710
Interest from Other Investments $0
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 $-803,619
Real Estate $0
Other $-803,619
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 $0
Other Income $0
Expenses $1,780,411
Total Benefit Payments $1,687,029
Directly to participants or beneficiaries, including direct rollovers $1,687,029
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 $93,382
Professional Fees $0
Contract Administrator Fees $26,364
Investment Advisory and management fees $65,774
Other Administrative Fees $1,244
Net Income $-1,597,491
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2018 12/31/2017 Change YOY
Total Assets $9,982,914 $11,580,405 -13.79%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $75,789 $21,738 248.65%
Employer Contributions $33,673 $16,446 104.75%
Participant Contributions $42,116 $5,292 695.84%
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 $153,424 $136,303 12.56%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $397,941 $414,481 -3.99%
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 $7,864,329 $9,534,118 -17.51%
Value of funds held in insurance co. general account $1,491,431 $1,473,765 1.20%
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 $9,982,914 $11,580,405 -13.79%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Voya Funds
  • Victory
  • Vanguard
  • Pimco Funds
  • Pgim Investment
  • Oppenheimer
  • Mfs Investment Management
  • Mass Mutual Life Insurance Company
  • Jp Morgan
  • Jp Morgan
  • Jp Morgan
  • Janus Henderson
  • Goldman Sachs
  • Franklin Templeton
  • Dimensional Fund Advisors
  • Blackrock
  • American Funds
  • TIAA
  • Voya Retirement Insurance Company

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
Massachusetts Mutual Life Insurance Other services, Investment management fees paid indirectly by plan, Sub-transfer agency fees, Recordkeeping fees, Soft dollars commissions, Other investment fees and expenses Contract Administrator $71,877 $0 $71,877
Kestra Advisory Services LLC Investment advisory (plan) Investment Advisor $0 $22,253 $22,253
Adminpartners, LLC Direct payment from the plan TPA $20,390 $0 $20,390
Admin Partners, LLC Contract Administrator Third Party Administrator $0 $3,177 $3,177
Mfs Investment Management Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Dimensional Fund Advisors Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Franklin Templeton Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Pgim Investment Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Janus Henderson 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
Goldman Sachs 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
Oppenheimer Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Voya Funds 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
Jp Morgan 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
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
Victory Investment management fees paid indirectly by plan Investment Provider $0 $0 $0
Total $92,267 $25,430 $117,697

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Massachusetts Mutual Life Insurance Select Trp Ls Blue Chip Growth Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Massachusetts Mutual Life Insurance Prem U.S. Govt Mny Mkt Fd Barings Other investment fees and expenses Basis Points * Plan Assets $0
Massachusetts Mutual Life Insurance Goldman Sachs Small Cap Value Fund Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Insurance Prem U.S. Govt Mny Mkt Fd Barings Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Admin Partners, LLC Massachusetts Mutual Life Insurance Contract Administrator Expense Reimbursement To Third Party $3,177
Kestra Advisory Services LLC Massachusetts Mutual Life Insurance Investment advisory (plan) Plan Related Expenses $22,253
Massachusetts Mutual Life Insurance Millennium Trust Company, LLC Other services Referral Fee $0
Mfs Investment Management Mfs International Value Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Dimensional Fund Advisors Dfa Us Small Cap Value Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
American Funds Amer Funds Europacific Growth Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Goldman Sachs Goldman Sachs Small Cap Value Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Oppenheimer Oppenheimer Developing Markets Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Pimco Funds Pimco Gnma and Govt Securities Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Janus Henderson Janus Henderson Enterprise Fd Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Jp Morgan Jp Morgan Smartretirement Incm Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Jp Morgan Jp Morgan Smartretirement 2055 Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Jp Morgan Jp Morgan Smartretirement 2050 Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Jp Morgan Jp Morgan Smartretirement 2045 Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Jp Morgan Jp Morgan Smartretirement 2040 Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Jp Morgan Jp Morgan Smartretirement 2035 Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Jp Morgan Jp Morgan Smartretirement 2030 Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Jp Morgan Jp Morgan Smartretirement 2025 Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Jp Morgan Jp Morgan Smartretirement 2020 Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Franklin Templeton Templeton Global Bond 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
Pgim Investments Pgim Total Return Bond Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Voya Funds Voya Smallcap Opportunities Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Victory Victory Sycamore Established Val Fd 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
Blackrock Blackrock High Yield Bond Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Vanguard Vanguard Small Cap Index 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
Vanguard Vanguard Mid Cap Index Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Pimco Funds Pimco Real Return Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Jp Morgan Jp Morgan Us Equity Fund Investment management fees paid indirectly by plan Basis Points * Plan Assets $0
Vanguard Vanguard 500 Index 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

Name of Investment Investment Manager Type of Investment Dollar Value
Futurefunds Series Account II of Gw Great-West Life & Annuity Insurance Co. DFE: Pooled Separate Account $490,284
Tiaa Real Estate Tiaa-Cref DFE: Pooled Separate Account $0
Total $490,284

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Tiaa-Cref 41
EIN 13-1624203
Industry Code 69345
Contract Number 385849
Contract Year 01/01/2018 — 12/31/2018
Value in General Account at Year End $1,409,230
Value in Separate Accounts at Year End $760,381
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 Guaranteed Investment
Balance at the end of the previous year $1,390,926
Additions $73,237
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $61,233
Transferred from separate account $12,004
Other $0
Total of Balance and Additions $1,464,163
Deductions $54,933
Disbursed from fund to pay benefits or purchase annuities during the year $47,556
Administration charge made by carrier $0
Transferred to Separate Account $7,377
Other $0
Balance at the end of the current year $1,409,230
Great-West Life & Annunity Insurance Company 39
EIN 84-0467907
Industry Code 7692
Contract Number 93066-01
Contract Year 01/01/2018 — 12/31/2018
Value in General Account at Year End $68,447
Value in Separate Accounts at Year End $490,283
Insurance Fees and Commissions $2,199
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Richard Klein Lpl Financial LLC 10320 Orland Pkwy Orland Park, IL 60460 Insurance Agent or Broker $2,199 $0
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 $69,129
Additions $30,034
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $2,048
Transferred from separate account $27,986
Other $0
Total of Balance and Additions $99,163
Deductions $30,716
Disbursed from fund to pay benefits or purchase annuities during the year $2,402
Administration charge made by carrier $328
Transferred to Separate Account $27,986
Other $0
Balance at the end of the current year $68,447
VOYA 39
EIN 06-1522344
Industry Code
Contract Number
Contract Year 01/01/2018 — 12/31/2018
Value in General Account at Year End $234,298
Value in Separate Accounts at Year End $538,001
Insurance Fees and Commissions $3
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
National Planning Corporation 401 Wilshire Blvd Ste 1100 Santa Monica, CA 90401 $3 $0
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 VARIABLE ANNUITY INVESTMENT
Balance at the end of the previous year $253,427
Additions $9,321
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $9,321
Transferred from separate account $0
Other $0
Total of Balance and Additions $262,748
Deductions $28,450
Disbursed from fund to pay benefits or purchase annuities during the year $24,634
Administration charge made by carrier $0
Transferred to Separate Account $3,816
Other $0
Balance at the end of the current year $234,298
VOYA 33
EIN 06-1522344
Industry Code
Contract Number
Contract Year 01/01/2018 — 12/31/2018
Value in General Account at Year End $121,490
Value in Separate Accounts at Year End $330,079
Insurance Fees and Commissions $18
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
National Planning Corporation 401 Wilshire Blvd Ste 1100 Santa Monica, CA 90401 $18 $0
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 VARIABLE ANNUITY INVESTMENT
Balance at the end of the previous year $118,768
Additions $3,722
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $3,667
Transferred from separate account $0
Other $55
Total of Balance and Additions $122,490
Deductions $1,000
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $1,000
Balance at the end of the current year $121,490
Tiaa-Cref 7
EIN 13-1624203
Industry Code 69345
Contract Number 385850
Contract Year 01/01/2018 — 12/31/2018
Value in General Account at Year End $55,905
Value in Separate Accounts at Year End $142,973
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 Guaranteed Investment
Balance at the end of the previous year $55,993
Additions $2,121
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $2,121
Transferred from separate account $0
Other $0
Total of Balance and Additions $58,114
Deductions $2,209
Disbursed from fund to pay benefits or purchase annuities during the year $2,209
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $55,905
Massachusetts Mutual Life Insurance Company 0
EIN 04-1590850
Industry Code 65935
Contract Number MR 62083-1
Contract Year 01/01/2018 — 12/31/2018
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 $748,016
Additions $64,389
Contributions Deposited during the year $21,183
Dividends and credits $0
Interest credited during the year $11,315
Transferred from separate account $10,316
Other $21,575
Total of Balance and Additions $812,405
Deductions $100,013
Disbursed from fund to pay benefits or purchase annuities during the year $38,092
Administration charge made by carrier $11,234
Transferred to Separate Account $0
Other $50,687
Balance at the end of the current year $712,392