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FORM 5500 DATA

Texas A&M Foundation Employees' Pension Plan

Overview

Plan Information

  • Plan Year07/01/2017 — 06/30/2018
  • Date of Plan09/01/1982
  • Net Assets as of 06/30/2018 $28,286,440
  • 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 06/30/2018

  • Active (Eligible) Participants136
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits27
  • Subtotal163
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total163
  • Total number of participants as of 07/01/2017158
  • Number of participants with account balances161
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested4

Expenses

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

Sponsor Information

  • Address401 George Bush Drive
  • CityCollege Station
  • StateTX
  • Zip77840
  • Telephone(979) 845-8161
  • EIN74-2245072
  • Industry Code813000
  • Named AdministratorVictoria Janousek

Audit Information

  • Audit StatusAudited
  • AuditorBkd LLP
  • Auditor EIN44-0160260
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope 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 $2,000,000
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 $4,976,215
Contributions $2,073,224
Cash Contributions $2,073,224
Cash from Employers $2,073,224
Cash from Participants $0
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $2,902,991
Total Interest $90,820
Interest-Bearing Cash $-5,670
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $0
Interest from Other Investments $96,490
Total Dividends $904,119
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 $1,908,052
Other Income $0
Expenses $7,530,642
Total Benefit Payments $7,499,733
Directly to participants or beneficiaries, including direct rollovers $7,499,733
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 $30,909
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $30,909
Net Income $-2,554,427
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

06/30/2018 06/30/2017 Change YOY
Total Assets $28,286,441 $30,840,867 -8.28%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $10,006 $0 0.0%
Employer Contributions $0 $0 0.0%
Participant Contributions $0 $0 0.0%
Other Contributions $10,006 $0 0.0%
General Investments $107 $59,900 -99.82%
Interest-bearing cash $107 $59,900 -99.82%
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 $0 $0 0.0%
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 $24,678,973 $25,927,483 -4.82%
Value of funds held in insurance co. general account $3,597,355 $4,853,484 -25.88%
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 $1 $0 0.0%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $1 $0 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $28,286,440 $30,840,867 -8.28%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Fidelity Investments Institutional

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
Gallagher Benefit Services, Inc. Investment advisory (plan) Consultant $28,913 $0 $28,913
Fidelity Investments Institutional Sub-transfer agency fees, Recordkeeping fees, Account maintenance fees Recordkeeper $1,996 $0 $1,996
Total $30,909 $0 $30,909

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Fidelity Investments Institutional Pioneer Bond Y - Boston Financial Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Pioneer Strat Inc Y - Dst Asset Ma Sub-transfer agency fees 0.35% $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
New York Life Insurance Company 28
EIN 13-5582869
Industry Code 66915
Contract Number GA85137
Contract Year 07/01/2017 — 06/30/2018
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 Guaranteed Investment
Balance at the end of the previous year $4,837,226
Additions $545,354
Contributions Deposited during the year $444,714
Dividends and credits $0
Interest credited during the year $100,640
Transferred from separate account $0
Other $0
Total of Balance and Additions $5,382,580
Deductions $1,785,225
Disbursed from fund to pay benefits or purchase annuities during the year $1,781,075
Administration charge made by carrier $4,150
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $3,597,355