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FORM 5500 DATA

Wake Forest University Retirement Plan

Overview

Plan Information

  • Plan Year07/01/2013 — 12/31/2013
  • Date of Plan07/01/1991
  • Net Assets as of 12/31/2013 $400,115,282
  • 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? No
  • Report Description This report is for a short plan year (less than 12 months).
  • Plan Funding ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2013

  • Active (Eligible) Participants2,064
  • Retired or separated participants receiving benefits7
  • Other retired or separated participants entitled to future benefits2,045
  • Subtotal4,116
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits28
  • Total4,144
  • Total number of participants as of 07/01/20133,565
  • Number of participants with account balances4,115
  • 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

  • Address1834 Wake Forest Road
  • CityWinstonsalem
  • StateNC
  • Zip27106
  • Telephone(336) 758-4700
  • EIN56-0532138
  • Industry Code611000
  • Named AdministratorB. Hofler Milam

Audit Information

  • Audit StatusAudited
  • AuditorButler & Burke, LLP
  • Auditor EIN56-1138530
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
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.
2M Code section 403(b)(7) accounts A 403(b)(7) plan is a tax-deferred retirement plan often available to employees of public schools or non-profit organizations.

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 $47,396,331
Contributions $10,697,495
Cash Contributions $10,697,495
Cash from Employers $5,703,704
Cash from Participants $3,727,177
Others (including rollovers) $1,266,614
Noncash Contributions $0
Total Earnings on Investments $36,698,836
Total Interest $561,498
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $4,038
Interest from Other Investments $557,460
Total Dividends $5,470,579
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 $26,198,500
Real Estate $0
Other $26,198,500
Net investment gain (loss) from common/collective trusts $0
Net investment gain (loss) from pooled separate accounts $125,978
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 $4,342,281
Other Income $0
Expenses $10,295,536
Total Benefit Payments $10,293,303
Directly to participants or beneficiaries, including direct rollovers $9,300,138
To insurance carriers for the provision of benefits $993,165
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $2,233
Professional Fees $0
Contract Administrator Fees $2,233
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $37,100,795
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2013 06/30/2013 Change YOY
Total Assets $400,115,282 $363,014,487 10.22%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $0 $3,607,497 0.0%
Employer Contributions $0 $264,583 0.0%
Participant Contributions $0 $305,399 0.0%
Other Contributions $0 $3,037,515 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 $232,711 $188,819 23.25%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $8,137,971 $7,844,611 3.74%
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 $286,640,570 $248,074,067 15.55%
Value of funds held in insurance co. general account $105,104,030 $103,299,493 1.75%
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 $400,115,282 $363,014,487 10.22%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Tiaa-Cref
  • Vanguard Group, Inc.
  • American Century Investments
  • Fidelity Investments Institutional

Other Service Providers Receiving Direct or Indirect Compensation

There are no service providers listed for this plan.

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
Tiaa Real Estate Account TIAA DFE: Pooled Separate Account $8,137,971
Total $8,137,971

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Tiaa-Cref 2,272
EIN 13-1624203
Industry Code 69345
Contract Number 101775-101776
Contract Year 07/01/2013 — 12/31/2013
Value in General Account at Year End $105,104,030
Value in Separate Accounts at Year End $146,297,887
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 $103,299,493
Additions $4,576,561
Contributions Deposited during the year $1,555,743
Dividends and credits $0
Interest credited during the year $487,297
Transferred from separate account $901,632
Other $1,631,889
Total of Balance and Additions $107,876,054
Deductions $2,772,024
Disbursed from fund to pay benefits or purchase annuities during the year $2,771,702
Administration charge made by carrier $322
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $105,104,030