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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 Year05/01/2016 — 04/30/2017
  • Date of Plan05/01/2003
  • Net Assets as of 04/30/2017 $37,040,924
  • 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? No
  • Plan Funding Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 04/30/2017

  • Active (Eligible) Participants871
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits3
  • Subtotal874
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits160
  • Total1,034
  • Total number of participants as of 05/01/20161,036
  • Number of participants with account balances1,034
  • 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

  • Address3651 California Road, Suite 3
  • CityOrchard Park
  • StateNY
  • Zip14127-1715
  • Telephone(716) 662-1816
  • EIN77-0596978
  • Industry Code525100

Audit Information

  • Audit StatusAudited
  • AuditorTronconi Segarra & Associates LLP
  • Auditor EIN04-3728817
  • 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 $8,556,714
Contributions $4,453,299
Cash Contributions $4,453,299
Cash from Employers $4,452,638
Cash from Participants $0
Others (including rollovers) $661
Noncash Contributions $0
Total Earnings on Investments $4,094,099
Total Interest $0
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 $377,190
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 $6,767
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 $3,710,142
Other Income $9,316
Expenses $2,110,635
Total Benefit Payments $1,967,727
Directly to participants or beneficiaries, including direct rollovers $1,967,727
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 $142,908
Professional Fees $43,135
Contract Administrator Fees $0
Investment Advisory and management fees $31,232
Other Administrative Fees $68,541
Net Income $6,446,079
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

04/30/2017 04/30/2016 Change YOY
Total Assets $37,053,001 $30,717,856 20.62%
Total noninterest-bearing cash $6,305 $53,268 -88.16%
Receivables $392,995 $519,526 -24.36%
Employer Contributions $392,995 $519,526 -24.36%
Participant Contributions $0 $0 0.0%
Other Contributions $0 $0 0.0%
General Investments $81,507 $68,851 18.38%
Interest-bearing cash $81,507 $68,851 18.38%
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 $459,621 $21,292,866 -97.84%
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 $36,111,530 $8,781,954 311.20%
Value of funds held in insurance co. general account $0 $0 0.0%
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 $1,043 $1,391 -25.02%
Total Liabilities $12,077 $123,011 -90.18%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $12,077 $12,856 -6.06%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $110,155 0.0%
Net Assets $37,040,924 $30,594,845 21.07%

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, Inc. Other fees, Investment advisory (plan) NONE $31,232 $0 $31,232
Blitman & King, LLP Legal NONE $27,745 $0 $27,745
Arcara Zucarelli Lenda & Straka CPA Accounting (including auditing) NONE $12,700 $0 $12,700
Transamerica Retirement Solutions Claims processing, Recordkeeping and information management (computing, tabulating, data processing, etc.), Investment management, Participant loan processing, Participant communication, Direct payment from the plan, Sales loads (front end and deferred), Shareholder servicing fees, Finders' fees/placement fees, Float revenue NONE $0 $0 $0
National Financial Services Securities brokerage, Securities brokerage commissions and fees NONE $0 $0 $0
Total $71,677 $0 $71,677

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Transamerica Retirement Solutions American Funds Claims processing, Recordkeeping and information management (computing, tabulating, data processing, etc.), Investment management, Participant loan processing, Participant communication, Direct payment from the plan, Sales loads (front end and deferred), Shareholder servicing fees, Finders' fees/placement fees, Float revenue 34.090 and 34.073 Basis Points $0
Transamerica Retirement Solutions Manning & Napier Claims processing, Recordkeeping and information management (computing, tabulating, data processing, etc.), Investment management, Participant loan processing, Participant communication, Direct payment from the plan, Sales loads (front end and deferred), Shareholder servicing fees, Finders' fees/placement fees, Float revenue 34.090 Basis Points $0
Transamerica Retirement Solutions Neuberger Berman Claims processing, Recordkeeping and information management (computing, tabulating, data processing, etc.), Investment management, Participant loan processing, Participant communication, Direct payment from the plan, Sales loads (front end and deferred), Shareholder servicing fees, Finders' fees/placement fees, Float revenue 38.960 and 38.940 Basis Points $0
Transamerica Retirement Solutions Pimco Claims processing, Recordkeeping and information management (computing, tabulating, data processing, etc.), Investment management, Participant loan processing, Participant communication, Direct payment from the plan, Sales loads (front end and deferred), Shareholder servicing fees, Finders' fees/placement fees, Float revenue 37.012, 36.993, 24.350 and 24.338 Basis Points $0
Transamerica Retirement Solutions Principal Claims processing, Recordkeeping and information management (computing, tabulating, data processing, etc.), Investment management, Participant loan processing, Participant communication, Direct payment from the plan, Sales loads (front end and deferred), Shareholder servicing fees, Finders' fees/placement fees, Float revenue 38.960 and 38.940 Basis Points $0
Transamerica Retirement Solutions T Rowe Price Claims processing, Recordkeeping and information management (computing, tabulating, data processing, etc.), Investment management, Participant loan processing, Participant communication, Direct payment from the plan, Sales loads (front end and deferred), Shareholder servicing fees, Finders' fees/placement fees, Float revenue 14.610 and 14.603 Basis Points $0
National Financial Services American Funds Securities brokerage, Securities brokerage commissions and fees .910 and .928 Basis Points $0
National Financial Services Manning & Napier Securities brokerage, Securities brokerage commissions and fees .910 Basis Points $0
National Financial Services Neuberger Berman Securities brokerage, Securities brokerage commissions and fees 1.060 and 1.040 Basis Points $0
National Financial Services Pimco Securities brokerage, Securities brokerage commissions and fees 1.007, .988, .663 and .650 Basis Points $0
National Financial Services Principal Securities brokerage, Securities brokerage commissions and fees 1.060 and 1.040 Basis Points $0
National Financial Services T Rowe Price Securities brokerage, Securities brokerage commissions and fees .398 and .390 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

Name Position Explanation
Arcara Zucarelli Lenda & Straka Auditor The Board of Trustees Terminated The Auditing Services of Arcara Zucarelli Lenda & Straka CPAS Pc. There Were No Material Disputes Or Disagreements With The Auditor.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Diversified Investment Advisors Tru Transamerica Retirement Solutions Corporation DFE: Common/Collective Trust $459,621
Retirement Target 2010 Institut Cit Exeter Trust Company DFE: Common/Collective Trust $0
Retirement Target 2020 Institut Cit Exeter Trust Company DFE: Common/Collective Trust $0
Retirement Target 2030 Institut Cit Exeter Trust Company DFE: Common/Collective Trust $0
Retirement Target 2040 Institut Cit Exeter Trust Company DFE: Common/Collective Trust $0
Retirement Target 2050 Institut Cit Exeter Trust Company DFE: Common/Collective Trust $0
Retirement Target Income Cit Exeter Trust Company DFE: Common/Collective Trust $0
Retirement Target 2060 Institut Cit Exeter Trust Company DFE: Common/Collective Trust $0
Total $459,621

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.