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U.A. Plumbers & Steamfitters Local No. 22 Annuity Plan

Plan Rating
FORM 5500 DATA

U.A. Plumbers & Steamfitters Local No. 22 Annuity Plan

Overview

Plan Information

  • Plan Year05/01/2007 — 04/30/2008
  • Date of Plan05/01/2003
  • Net Assets as of 04/30/2008 $7,967,733
  • 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 04/30/2008

  • Active (Eligible) Participants926
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits0
  • Subtotal926
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total926
  • Total number of participants as of 05/01/2007923
  • 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
  • Number of participants required to be reported on Schedule SSA0

Expenses

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

Sponsor Information

  • Address3651 California Rd Ste 3
  • CityOrchard Park
  • StateNY
  • Zip14127-1715
  • Telephone(716) 662-1816
  • EIN77-0596978
  • Industry Code332900
  • Named AdministratorDebra L. Korpolinski, Fund Adm.
  • Named Plan SponsorMichael M. Mcnally, Wayne R. Reilly

Plan Administrator Information

  • Administrator NameSAME
  • Administrator EIN

Plan Preparer Information

  • Preparer NameArcara & Borczynski, LLP
  • Address424 Main St., 1806 Liberty Bldg.
  • City Buffalo
  • StateNY
  • Zip14202-3618
  • Telephone(716) 852-6681
  • Preparer EIN16-1462141

Audit Information

  • Audit StatusAudited
  • AuditorArcara & Borczynski LLP
  • Auditor EIN16-1462141
  • Audit OpinionUnqualified
  • Audit Type Full 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.

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? 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

Financials

Income and Expense Statement

Income $2,080,407
Contributions $2,117,827
Cash Contributions $2,117,827
Cash from Employers $2,117,827
Cash from Participants $0
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $-42,312
Total Interest $1,949
Interest-Bearing Cash $1,949
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $0
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 $0
Real Estate $0
Other $0
Net investment gain (loss) from common/collective trusts $-350
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 $-43,911
Other Income $4,892
Expenses $432,212
Total Benefit Payments $378,255
Directly to participants or beneficiaries, including direct rollovers $378,255
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 $53,957
Professional Fees $13,115
Contract Administrator Fees $0
Investment Advisory and management fees $5,936
Other Administrative Fees $34,906
Net Income $1,648,195
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

04/30/2008 04/30/2007 Change YOY
Total Assets $7,983,758 $6,333,549 26.06%
Total noninterest-bearing cash $13,885 $0 0.0%
Receivables $203,362 $158,820 28.05%
Employer Contributions $203,362 $158,820 28.05%
Participant Contributions $0 $0 0.0%
Other Contributions $0 $0 0.0%
General Investments $121,767 $3,317 3571.00%
Interest-bearing cash $121,767 $3,317 3571.00%
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 $748,444 $68,805 987.78%
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 $6,304,512 $5,615,898 12.26%
Value of funds held in insurance co. general account $587,486 $486,709 20.71%
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 $4,302 $0 0.0%
Total Liabilities $16,025 $14,011 14.37%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $16,025 $14,011 14.37%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $7,967,733 $6,319,538 26.08%

Service Providers

Service Providers

Name Nature of Service Relationship to Plan Sponsor Gross Salary or Allowances Paid by Plan Fees and Commissions Paid by Plan Total Salary/Fees
Arcara & Borczynski LLP Accounting $0 $8,361 $8,361
First Niagara Benefits Consulting Administration $0 $5,936 $5,936
Contract Administrator Contract Administrator $0 $0 $0
Total $0 $14,297 $14,297

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Federated Capital Preservation Fund Federated Investors DFE: Common/Collective Trust $587,486
Retirement Target 2030 Cit Exeter Trust Company DFE: Common/Collective Trust $276,723
Retirement Target 2020 Cit Exeter Trust Company DFE: Common/Collective Trust $220,457
Retirement Target 2040 Cit Exeter Trust Company DFE: Common/Collective Trust $186,566
Retirement Target 2010 Cit Exeter Trust Company DFE: Common/Collective Trust $30,662
Retirement Target 2050 Cit Exeter Trust Company DFE: Common/Collective Trust $27,050
Retirement Target Income Cit Exeter Trust Company DFE: Common/Collective Trust $6,986
Total $1,335,930

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.