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FORM 5500 DATA

Association of Christian Schools International 403(b) Retirement Plan

Overview

Plan Information

  • Plan Year01/01/2013 — 12/31/2013
  • Date of Plan07/01/1998
  • Net Assets as of 12/31/2013 $13,458,108
  • 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
  • Plan Funding ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2013

  • Active (Eligible) Participants148
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits32
  • Subtotal180
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total180
  • Total number of participants as of 01/01/2013194
  • Number of participants with account balances185
  • 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

  • AddressP.O. Box 65130
  • CityColorado Springs
  • StateCO
  • Zip80962-6513
  • Telephone(719) 528-6906
  • EIN95-6072567
  • Industry Code813000

Audit Information

  • Audit StatusAudited
  • AuditorCapin Crouse LLP
  • Auditor EIN36-3990892
  • Audit Opinion Disclaimer
  • Audit Type Full 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.
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 $2,660,956
Contributions $1,107,549
Cash Contributions $1,107,549
Cash from Employers $396,571
Cash from Participants $571,637
Others (including rollovers) $139,341
Noncash Contributions $0
Total Earnings on Investments $1,553,407
Total Interest $429,948
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $1,925
Interest from Other Investments $428,023
Total Dividends $411,260
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 $55,178
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 $657,021
Other Income $0
Expenses $360,613
Total Benefit Payments $360,433
Directly to participants or beneficiaries, including direct rollovers $360,433
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 $180
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $180
Net Income $2,300,343
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2013 12/31/2012 Change YOY
Total Assets $13,458,108 $11,160,825 20.58%
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 $45,322 $29,466 53.81%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $627,679 $577,057 8.77%
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 $10,851,651 $8,630,952 25.73%
Value of funds held in insurance co. general account $1,933,456 $1,923,350 0.53%
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 $3,060 0.0%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $0 $3,060 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $13,458,108 $11,157,765 20.62%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Tiaa - Teachers Insurance and Annui
  • Cref - Tiaa-Cref Investment Managem

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
Guidestone Financial Resources Investment advisory (plan), Shareholder servicing fees Service Provider $180 $0 $180
Total $180 $0 $180

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 $627,679
Total $627,679

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Tiaa - Teachers Insurance and Annuity Association of America 126
EIN 13-1624203
Industry Code 69345
Contract Number 332044
Contract Year 01/01/2013 — 12/31/2013
Value in General Account at Year End $1,933,456
Value in Separate Accounts at Year End $4,657,069
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 $1,923,350
Additions $123,684
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $75,724
Transferred from separate account $47,960
Other $0
Total of Balance and Additions $2,047,034
Deductions $113,578
Disbursed from fund to pay benefits or purchase annuities during the year $39,991
Administration charge made by carrier $9,396
Transferred to Separate Account $64,191
Other $0
Balance at the end of the current year $1,933,456