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FORM 5500 DATA

AFL-CIO Appalachian Council Inc. Collectively Bargained Employees Pension Plan and Trust

Overview

Plan Information

  • Plan Year11/01/2018 — 10/31/2019
  • Date of Plan11/01/1973
  • Net Assets as of 10/31/2019 $10,244,616
  • 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 10/31/2019

  • Active (Eligible) Participants267
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits205
  • Subtotal472
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total472
  • Total number of participants as of 11/01/2018469
  • Number of participants with account balances472
  • 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

  • Address501 Leon Sullivan Way
  • CityCharleston
  • StateWV
  • Zip25301
  • Telephone(304) 342-4138
  • EIN55-0487053
  • Industry Code541990

Audit Information

  • Audit StatusAudited
  • AuditorDixon Hughes Goodman LLP
  • Auditor EIN56-0747981
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
2C Money purchase A pension plan, other than a target benefit plan that requires a fixed percentage of compensation to be contributed to each eligible employee.
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.
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.
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? Yes $5,608
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 $1,530,149
Contributions $728,190
Cash Contributions $728,190
Cash from Employers $626,705
Cash from Participants $101,485
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $801,959
Total Interest $43,452
Interest-Bearing Cash $38,617
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $0
Interest from Other Investments $4,835
Total Dividends $64,450
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 $295,371
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 $398,686
Other Income $0
Expenses $840,350
Total Benefit Payments $786,086
Directly to participants or beneficiaries, including direct rollovers $786,086
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 $54,264
Professional Fees $10,597
Contract Administrator Fees $0
Investment Advisory and management fees $42,222
Other Administrative Fees $1,445
Net Income $689,799
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

10/31/2019 10/31/2018 Change YOY
Total Assets $10,252,110 $9,554,817 7.30%
Total noninterest-bearing cash $4,999 $0 0.0%
Receivables $43,617 $24,125 80.80%
Employer Contributions $35,424 $17,080 107.40%
Participant Contributions $3,991 $1,579 152.75%
Other Contributions $4,202 $5,466 -23.12%
General Investments $2,159,214 $1,327,657 62.63%
Interest-bearing cash $2,159,214 $1,327,657 62.63%
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 $3,798,112 $3,946,718 -3.77%
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 $4,246,168 $4,256,317 -0.24%
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 $0 $0 0.0%
Total Liabilities $7,494 $0 0.0%
Benefit Claims Payable (1) $7,494 $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 $10,244,616 $9,554,817 7.22%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Janus Capital Group
  • Amg Funds LLC
  • Harbor Capital Advisors Inc
  • First Eagle Funds
  • T Rowe Price
  • Calvert Investments
  • Wells Fargo Advantage Funds
  • Primecap Odyssey Funds
  • Dodge and Cox Funds
  • Loomis Sayles Funds
  • Pimco
  • Federated Funds
  • Natixis Global Asset Management
  • Goldman Sachs & Co
  • Vanguard Investments
  • Fidelity Investments
  • Alliance Bernstein
  • Robeco Investments Management
  • Virtus Investment Partners
  • Oakmark Funds

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
Ameriserv Trust & Financial Service Recordkeeping and information management (computing, tabulating, data processing, etc.), Trustee (bank, trust company, or similar financial institution) N/A $42,222 $0 $42,222
Unity Insurance Corp Insurance brokerage commissions and fees participating Employer $6,318 $0 $6,318
Dixon Hughes Goodman LLP Accounting (including auditing), Direct payment from the plan N/A $0 $0 $0
Total $48,540 $0 $48,540

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
Pathroad Balanced Growth & Inc Ameriserv Trust and Financial Services DFE: Common/Collective Trust $2,502,074
Pathroad Capital Appreciation & Inc Ameriserv Trust and Financial Services DFE: Common/Collective Trust $534,554
Pathroad Conservative Growth & Inc Ameriserv Trust and Financial Services DFE: Common/Collective Trust $378,601
Federated Captial Preservation Fund Federated Investors Inc DFE: Common/Collective Trust $246,788
Pathroad Long Term Equity Inc Ameriserv Trust and Financial Services DFE: Common/Collective Trust $117,511
Pathroad Conservative Fix Inc Ameriserv Trust and Financial Services DFE: Common/Collective Trust $6,594
Pathroad Intermediate Term Fix Inc Ameriserv Trust and Financial Services DFE: Common/Collective Trust $6,549
Pathroad Strategic Bal Growth Inc Ameriserv Trust & Financial Services DFE: Common/Collective Trust $5,204
Pathroad Strategic Conserv Gth Inc Ameriserv Trust & Financial Services DFE: Common/Collective Trust $224
Pathroad Strategic Long Term Equity Ameriserv Trust & Financial Services DFE: Common/Collective Trust $103
Pathroad Strategic Cap Appreciation Ameriserv Trust & Financial Services DFE: Common/Collective Trust $0
Total $3,798,202

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.