Back to top
FORM 5500 DATA

Pacific University Section 403(b) Plan

Overview

Plan Information

  • Plan Year01/01/2018 — 12/31/2018
  • Date of Plan01/01/1947
  • Net Assets as of 12/31/2018 $142,759,497
  • 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 12/31/2018

  • Active (Eligible) Participants882
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits602
  • Subtotal1,484
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits6
  • Total1,490
  • Total number of participants as of 01/01/20181,438
  • Number of participants with account balances1,490
  • 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

  • Address2043 College Way
  • CityForest Grove
  • StateOR
  • Zip97116
  • Telephone(503) 352-2860
  • EIN93-0386892
  • Industry Code611000
  • Named AdministratorTracy King
  • Named Plan SponsorJennifer Yruegas

Audit Information

  • Audit StatusAudited
  • AuditorKbf CPAS LLP
  • Auditor EIN82-1030164
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
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.
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.
2T Participant-directed Account Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.

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 $2,777,225
Contributions $9,592,829
Cash Contributions $9,592,829
Cash from Employers $4,623,535
Cash from Participants $3,633,282
Others (including rollovers) $1,336,012
Noncash Contributions $0
Total Earnings on Investments $-6,827,620
Total Interest $1,231,616
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $13,123
Interest from Other Investments $1,218,493
Total Dividends $3,597,225
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 $191,626
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 $-11,848,087
Other Income $12,016
Expenses $8,235,760
Total Benefit Payments $8,139,291
Directly to participants or beneficiaries, including direct rollovers $7,243,566
To insurance carriers for the provision of benefits $895,725
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $96,469
Professional Fees $21,584
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $74,885
Net Income $-5,458,535
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2018 12/31/2017 Change YOY
Total Assets $142,759,497 $148,218,032 -3.68%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $0 $0 0.0%
Employer Contributions $0 $0 0.0%
Participant Contributions $0 $0 0.0%
Other Contributions $0 $0 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 $434,633 $5,500 7802.42%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $4,173,917 $19,498,003 -78.59%
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 $104,468,056 $96,125,879 8.68%
Value of funds held in insurance co. general account $33,682,891 $32,588,650 3.36%
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 $142,759,497 $148,218,032 -3.68%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • TIAA

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
TIAA Recordkeeping and information management (computing, tabulating, data processing, etc.), Consulting (pension), Investment advisory (plan), Investment management, Participant communication, Direct payment from the plan, Investment management fees paid indirectly by plan, Sales loads (front end and deferred), Recordkeeping fees, Insurance mortality and expense charge NONE $74,885 $0 $74,885
Valic Recordkeeping and information management (computing, tabulating, data processing, etc.), Investment advisory (participants), Direct payment from the plan, Recordkeeping fees, Insurance mortality and expense charge NONE $21,583 $0 $21,583
Total $96,468 $0 $96,468

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 Tiaa-Cref DFE: Pooled Separate Account $4,173,917
Total $4,173,917

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Tiaa-Cref 725
EIN 13-1624203
Industry Code 69345
Contract Number 150734
Contract Year 01/01/2018 — 12/31/2018
Value in General Account at Year End $29,766,355
Value in Separate Accounts at Year End $37,198,710
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 $28,026,928
Additions $4,522,966
Contributions Deposited during the year $208,249
Dividends and credits $0
Interest credited during the year $1,095,237
Transferred from separate account $2,940,476
Other $279,004
Total of Balance and Additions $32,549,894
Deductions $2,783,539
Disbursed from fund to pay benefits or purchase annuities during the year $1,748,788
Administration charge made by carrier $487
Transferred to Separate Account $1,032,606
Other $1,658
Balance at the end of the current year $29,766,355
Variable Annuity Life Insurance Contract 221
EIN 74-1625348
Industry Code 70238
Contract Number 56714
Contract Year 01/01/2018 — 12/31/2018
Value in General Account at Year End $3,916,536
Value in Separate Accounts at Year End $9,689,213
Insurance Fees and Commissions $2,585
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Jerimah D Gildea 2929 Allen Parkway Houston, TX 77019 Insurance Agent or Broker $1,873 $0
Shaun M Dalton 2929 Allen Parkway Houston, TX 77019 Insurance Agent or Broker $177 $0
Michael S Hart 2929 Allen Parkway Houston, TX 77019 Insurance Agent or Broker $167 $0
Peter C Lupone 2929 Allen Parkway Houston, TX 77019 Insurance Agent or Broker $140 $0
Xavier Granja 2929 Allen Parkway Houston, TX 77019 Insurance Agent or Broker $45 $0
Charles Bob Davee 2929 Allen Parkway Houston, TX 77019 Insurance Agent or Broker $40 $0
Elke De La Cruz 2929 Allen Parkway Houston, TX 77019 Insurance Agent or Broker $33 $0
Mary Mc Collum 2929 Allen Parkway Houston, TX 77019 Insurance Agent or Broker $31 $0
David M Ostler 2929 Allen Parkway Houston, TX 77019 Investment Company/Mutual Fund $29 $0
Penni Anderson 2929 Allen Parkway Houston, TX 77019 Insurance Agent or Broker $16 $0
Glen Holden 2929 Allen Parkway Houston, TX 77019 Insurance Agent or Broker $12 $0
Jay Edwards 2929 Allen Parkway Houston, TX 77019 Insurance Agent or Broker $11 $0
Matthew D Weinert 2929 Allen Parkway Houston, TX 77019 Insurance Agent or Broker $11 $0
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 Deposit Administration
Balance at the end of the previous year $4,561,722
Additions $879,186
Contributions Deposited during the year $160
Dividends and credits $0
Interest credited during the year $123,256
Transferred from separate account $755,770
Other $0
Total of Balance and Additions $5,440,908
Deductions $1,524,372
Disbursed from fund to pay benefits or purchase annuities during the year $1,445,496
Administration charge made by carrier $0
Transferred to Separate Account $35,618
Other $43,258
Balance at the end of the current year $3,916,536