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Point Loma Nazarene University Retirement Plan


Plan Information

  • Plan Year01/01/2011 — 12/31/2011
  • Date of Plan03/02/1962
  • Net Assets as of 12/31/2011 $62,488,596
  • 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? No
  • Report Description This is an amended report.
  • Plan Funding ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2011

  • Active (Eligible) Participants531
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits403
  • Subtotal934
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits1
  • Total935
  • Total number of participants as of 01/01/2011900
  • Number of participants with account balances930
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested0


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

Sponsor Information

  • Address3900 Lomaland Drive
  • CitySan Diego
  • StateCA
  • Zip92106
  • Telephone(619) 849-2200
  • EIN95-1644035
  • Industry Code611000
  • Named AdministratorJoyce Falk

Plan Administrator Information

  • Administrator NamePoint Loma Nazarene University
  • Address3900 Lomaland Drive
  • CitySan Diego
  • StateCA
  • Zip92106
  • Telephone(619) 849-2200
  • Administrator EIN95-1644035

Audit Information

  • Audit StatusAudited
  • AuditorInsero & Company CPAS, P.C.
  • Auditor EIN16-1016457
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
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.
3D Master plan A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

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 $1,000,000
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


Income and Expense Statement

Income $4,577,048
Contributions $4,582,895
Cash Contributions $4,582,895
Cash from Employers $2,233,070
Cash from Participants $1,868,159
Others (including rollovers) $481,666
Noncash Contributions $0
Total Earnings on Investments $-5,847
Total Interest $837,493
Interest-Bearing Cash $8
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $0
Interest from Other Investments $837,485
Total Dividends $132,162
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 $108,891
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 $-1,084,393
Other Income $0
Expenses $3,227,406
Total Benefit Payments $3,227,406
Directly to participants or beneficiaries, including direct rollovers $3,001,286
To insurance carriers for the provision of benefits $226,120
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $0
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $1,349,642
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2011 12/31/2010 Change YOY
Total Assets $62,488,596 $61,138,954 2.21%
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 $168,846 -100.00%
Interest-bearing cash $0 $168,846 -100.00%
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 $0 $0 0.0%
Value of interest in pooled separate accounts $1,109,438 $738,835 50.16%
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 $39,659,888 $39,378,709 0.71%
Value of funds held in insurance co. general account $21,719,270 $20,852,564 4.16%
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 $62,488,596 $61,138,954 2.21%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Tiaa-Teachers Insurance and Annuity
  • Cref-Tiaa-Cref Investment Managemen
  • Tiaa-Cref Mutual Funds Teachers Adv
  • T. Rowe Price Associates, Inc

Other Service Providers Receiving Direct or Indirect Compensation

There are no service providers listed for this plan.

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.



Name of Investment Investment Manager Type of Investment Dollar Value
Tiaa Real Estate Tiaa-Cref DFE: Pooled Separate Account $1,109,438
Total $1,109,438

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Tiaa-Cref 924
EIN 13-1624203
Industry Code 69345
Contract Number 150289
Contract Year 01/01/2011 — 12/31/2011
Value in General Account at Year End $21,719,270
Value in Separate Accounts at Year End $40,299,802
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 $20,852,564
Additions $4,175,680
Contributions Deposited during the year $724,397
Dividends and credits $0
Interest credited during the year $837,485
Transferred from separate account $2,613,798
Other $0
Total of Balance and Additions $25,028,244
Deductions $3,308,974
Disbursed from fund to pay benefits or purchase annuities during the year $996,456
Administration charge made by carrier $0
Transferred to Separate Account $2,312,518
Other $0
Balance at the end of the current year $21,719,270