Home>401K Directory>Ua Plumbers Steamfitters Local No 22 Annuity Plan>Form 5500

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

Plan Rating

Overview Financials Service Providers Investments Insurance Information

FORM 5500 DATA

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

Plan Rating

Overview Financials Service Providers Investments Insurance Information

Overview

Plan Information

Plan Year05/01/2014 — 04/30/2015
Date of Plan05/01/2003
Net Assets as of 04/30/2015 $28,352,554
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 04/30/2015

Active (Eligible) Participants979
Retired or separated participants receiving benefits2
Other retired or separated participants entitled to future benefits85
Subtotal1,066
Deceased participants whose beneficiaries are receiving or are entitled to receive benefits3
Total1,069
Total number of participants as of 05/01/20141,016
Number of participants with account balances1,009
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

Audit Information

Audit StatusAudited
AuditorArcara Zucarelli Lenda & Straka CPA
Auditor EIN47-1793720
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
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

$5,133,839

Contributions

$3,582,710

Cash Contributions

$3,582,710

	Cash from Employers	$3,582,710
	Cash from Participants	$0
	Others (including rollovers)	$0

Noncash Contributions

Total Earnings on Investments

$1,550,456

Total Interest

	Interest-Bearing Cash	$0
	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

$149,450

	Preferred Stock	$0
	Common Stock	$0

Rents

Net gain (loss) on sale of assets

	Aggregate Proceeds	$0
	Aggregate Carrying Amount	$0

Total Unrealized Appreciation (depreciation) of assets

	Real Estate	$0
	Other	$0

Net investment gain (loss) from common/collective trusts

$728,758

Net investment gain (loss) from pooled separate accounts

Net investment gain (loss) from master trust investment accounts

Net investment gain (loss) from 103-12 investment entities

Net investment gain (loss) from registered investment companies

$672,248

Other Income

$673

Expenses

$1,596,453

Total Benefit Payments

$1,511,928

	Directly to participants or beneficiaries, including direct rollovers	$1,511,928
	To insurance carriers for the provision of benefits	$0
	Other Benefit Payment Fees	$0

Corrective Distributions

Certain deemed distributions of participant loans

Interest expense

Total Administrative Expenses

$84,525

	Professional Fees	$14,979
	Contract Administrator Fees	$0
	Investment Advisory and management fees	$14,295
	Other Administrative Fees	$55,251

Net Income

$3,537,386

	Transfers of Assets to this Plan	$0
	Transfers of Assets from this Plan	$0

Asset and Liability Statement

04/30/2015

04/30/2014

Change YOY

Total Assets

$28,375,151

$24,845,606

14.21%

Total noninterest-bearing cash

$303

$7,194

-95.79%

Receivables

$358,997

$292,574

22.70%

Employer Contributions	$358,997	$292,574	22.70%
Participant Contributions	$0	$0	0.0%
Other Contributions	$0	$0	0.0%

General Investments

$54,692

$1,403

3798.22%

Interest-bearing cash

$54,692

$1,403

3798.22%

U.S. Government Securities

0.0%

Corporate Debt Instruments

0.0%

	Preferred		$0	$0	0.0%
	All Other		$0	$0	0.0%

Corporate Stocks

0.0%

	Preferred		$0	$0	0.0%
	Common		$0	$0	0.0%

Partnership/joint venture interests

0.0%

Real estate (other than employer real property)

0.0%

Loans (other than to participants)

0.0%

Participants Loans

0.0%

Value of interest in common/collective trusts

$19,108,684

$16,189,118

18.03%

Value of interest in pooled separate accounts

0.0%

Value of interest in master trust investment accounts

0.0%

Value of interest in 103-12 investment entities

0.0%

Value of interest in registered investment companies

$8,849,374

$8,351,237

5.96%

Value of funds held in insurance co. general account

0.0%

Other Investments

0.0%

Employer-related Investments

0.0%

	Employer Securities		$0	$0	0.0%
	Employer Real Property		$0	$0	0.0%

Buildings and other property used in plan operation

$3,101

$4,080

-24.00%

Total Liabilities

$22,597

$30,438

-25.76%

Benefit Claims Payable (1)	$0	$0	0.0%
Operating Payables (1)	$22,597	$30,438	-25.76%
Acquisition Indebtedness (1)	$0	$0	0.0%
Other liabilities (1)	$0	$0	0.0%

Net Assets

$28,352,554

$24,815,168

14.25%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

There is no information on eligible indirect compensation for this plan.

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
Ubs Financial Services	Investment advisory (plan), Other fees	NONE	$11,805	$0	$11,805
Arcara & Borczynski LLP	Accounting (including auditing)	NONE	$11,400	$0	$11,400
Transamerica Retirement Solutions	Claims processing, Recordkeeping and information management (computing, tabulating, data processing, etc.), Investment management, Participant communication, Sales loads (front end and deferred), Finders' fees/placement fees, Float revenue, Distribution (12b-1) fees, Recordkeeping fees, Account maintenance fees	Recordkeeper	$0	$0	$0
National Financial Services	Securities brokerage, Securities brokerage commissions and fees	Recordkeeper	$0	$0	$0
Total			$23,205	$0	$23,205

Indirect Compensation

Name	Source of Indirect Compensation*	Nature of Service	Description of Indirect Compensation	Indirect Compensation Paid by Plan
Ubs Financial Services	Money Market Funds	Investment advisory (plan), Other fees	0.07%-0.13%	$0
Ubs Financial Services	Mutual Funds	Investment advisory (plan), Other fees	0.05%-0.06%	$0
Ubs Financial Services	Annuity Distributions	Investment advisory (plan), Other fees	0.10%	$0
Ubs Financial Services	Alternative Investments	Investment advisory (plan), Other fees	0.16%	$0
Transamerica Retirement Solutions	American Funds	Claims processing, Recordkeeping and information management (computing, tabulating, data processing, etc.), Investment management, Participant communication, Sales loads (front end and deferred), Finders' fees/placement fees, Float revenue, Distribution (12b-1) fees, Recordkeeping fees, Account maintenance fees	34.146 Basis Points	$0
Transamerica Retirement Solutions	Manning & Napier	Claims processing, Recordkeeping and information management (computing, tabulating, data processing, etc.), Investment management, Participant communication, Sales loads (front end and deferred), Finders' fees/placement fees, Float revenue, Distribution (12b-1) fees, Recordkeeping fees, Account maintenance fees	34.146 Basis Points	$0
Transamerica Retirement Solutions	Neuberger Berman	Claims processing, Recordkeeping and information management (computing, tabulating, data processing, etc.), Investment management, Participant communication, Sales loads (front end and deferred), Finders' fees/placement fees, Float revenue, Distribution (12b-1) fees, Recordkeeping fees, Account maintenance fees	39.024 Basis Points	$0
Transamerica Retirement Solutions	Pimco	Claims processing, Recordkeeping and information management (computing, tabulating, data processing, etc.), Investment management, Participant communication, Sales loads (front end and deferred), Finders' fees/placement fees, Float revenue, Distribution (12b-1) fees, Recordkeeping fees, Account maintenance fees	27.317 and 37.073 Basis Points	$0
Transamerica Retirement Solutions	Principal	Claims processing, Recordkeeping and information management (computing, tabulating, data processing, etc.), Investment management, Participant communication, Sales loads (front end and deferred), Finders' fees/placement fees, Float revenue, Distribution (12b-1) fees, Recordkeeping fees, Account maintenance fees	39.024 Basis Points	$0
Transamerica Retirement Solutions	T Rowe Price	Claims processing, Recordkeeping and information management (computing, tabulating, data processing, etc.), Investment management, Participant communication, Sales loads (front end and deferred), Finders' fees/placement fees, Float revenue, Distribution (12b-1) fees, Recordkeeping fees, Account maintenance fees	14.634 Basis Points	$0
National Financial Services	American Funds	Securities brokerage, Securities brokerage commissions and fees	.854 Basis Points	$0
National Financial Services	Manning & Napier	Securities brokerage, Securities brokerage commissions and fees	.854 Basis Points	$0
National Financial Services	Neuberger Berman	Securities brokerage, Securities brokerage commissions and fees	.976 Basis Points	$0
National Financial Services	Pimco	Securities brokerage, Securities brokerage commissions and fees	.683 and .927 Basis Points	$0
National Financial Services	Principal	Securities brokerage, Securities brokerage commissions and fees	.976 Basis Points	$0
National Financial Services	T Rowe Price	Securities brokerage, Securities brokerage commissions and fees	.366 Basis Points	$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

Name of Investment	Investment Manager	Type of Investment	Dollar Value
Retirement Target 2040 Institut Cit	Exeter Trust Company	DFE: Common/Collective Trust	$6,631,680
Retirement Target 2030 Institut Cit	Exeter Trust Company	DFE: Common/Collective Trust	$6,625,020
Retirement Target 2020 Institut Cit	Exeter Trust Company	DFE: Common/Collective Trust	$3,972,381
Retirement Target 2050 Institut Cit	Exeter Trust Company	DFE: Common/Collective Trust	$1,177,491
Diversified Investment Advisors Tru	Transamerica Retirement Solutions Corporation	DFE: Common/Collective Trust	$469,503
Retirement Target 2010 Institut Cit	Exeter Trust Company	DFE: Common/Collective Trust	$163,177
Retirement Target Income Cit	Exeter Trust Company	DFE: Common/Collective Trust	$69,432
Total			$19,108,684

Insurance Information

There are no insurance carriers listed for this plan.