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FORM 5500 DATA

W. R. Berkley Corporation Profit Sharing Plan

Overview

Plan Information

  • Plan Year01/01/2017 — 12/31/2017
  • Date of Plan01/01/1973
  • Net Assets as of 12/31/2017 $1,173,717,743
  • 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 Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2017

  • Active (Eligible) Participants5,896
  • Retired or separated participants receiving benefits94
  • Other retired or separated participants entitled to future benefits2,425
  • Subtotal8,415
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits20
  • Total8,435
  • Total number of participants as of 01/01/20178,246
  • Number of participants with account balances8,222
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested346

Expenses

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

Sponsor Information

  • Address475 Steamboat Road
  • CityGreenwich
  • StateCT
  • Zip06830
  • Telephone(203) 629-3000
  • EIN22-1867895
  • Industry Code551112
  • Named AdministratorCarol Lapunzina

Plan Administrator Information

  • Administrator NameW R Berkley Corporation Profit Sharing Plan Administrative
  • Address475 Steamboat Road
  • CityGreenwich
  • StateCT
  • Zip06830
  • Telephone(203) 629-3000
  • Administrator EIN13-6639901

Audit Information

  • Audit StatusAudited
  • AuditorKPMG LLP
  • Auditor EIN13-5565207
  • 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.
2J Code section 401(k) feature A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
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.
3H Controlled Group Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

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 $10,000,000
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? Yes $2,094
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 $263,396,314
Contributions $91,508,173
Cash Contributions $91,508,173
Cash from Employers $39,360,109
Cash from Participants $39,478,568
Others (including rollovers) $12,669,496
Noncash Contributions $0
Total Earnings on Investments $171,888,141
Total Interest $1,142,826
Interest-Bearing Cash $515,410
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $627,416
Interest from Other Investments $0
Total Dividends $20,916,812
Preferred Stock $0
Common Stock $2,651,623
Rents $0
Net gain (loss) on sale of assets $441,180
Aggregate Proceeds $14,079,522
Aggregate Carrying Amount $13,638,342
Total Unrealized Appreciation (depreciation) of assets $8,182,563
Real Estate $0
Other $8,182,563
Net investment gain (loss) from common/collective trusts $73,609,183
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 $67,595,577
Other Income $0
Expenses $77,046,566
Total Benefit Payments $77,079,554
Directly to participants or beneficiaries, including direct rollovers $77,079,554
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $871
Certain deemed distributions of participant loans $6,055
Interest expense $0
Total Administrative Expenses $-39,914
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $-39,914
Net Income $186,349,748
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2017 12/31/2016 Change YOY
Total Assets $1,174,374,829 $987,372,177 18.94%
Total noninterest-bearing cash $6 $0 0.0%
Receivables $39,863,239 $39,553,969 0.78%
Employer Contributions $39,360,109 $39,393,935 -0.09%
Participant Contributions $0 $18,585 -100.00%
Other Contributions $503,130 $141,449 255.70%
General Investments $61,490,957 $65,482,044 -6.09%
Interest-bearing cash $61,490,957 $65,482,044 -6.09%
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 $18,293,079 $17,750,480 3.06%
Value of interest in common/collective trusts $535,057,285 $218,590,865 144.78%
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 $401,772,911 $527,992,112 -23.91%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $0 $0 0.0%
Employer-related Investments $117,897,352 $118,002,707 -0.09%
Employer Securities $117,897,352 $118,002,707 -0.09%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $657,086 $4,182 15612.24%
Benefit Claims Payable (1) $657,086 $4,177 15631.05%
Operating Payables (1) $0 $0 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $5 -100.00%
Net Assets $1,173,717,743 $987,367,995 18.87%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Fidelity Investments Institutional

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
Portfolio Evaluations Inc Consulting (general), Consulting fees Consultant $50,000 $0 $50,000
Fidelity Investments Institutional Participant loan processing, Sub-transfer agency fees, Recordkeeping fees, Account maintenance fees Recordkeeper $-90,723 $0 $-90,723
Total $-40,723 $0 $-40,723

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Fidelity Investments Institutional Harbor Intl Inst - Harbor Services Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Jpm Midcap Value L - Boston Financ Sub-transfer agency fees 0.15% $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

There is no termination information for this plan.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Fid Contrafund Pool Fidelity Management Trust Company DFE: Common/Collective Trust $149,789,324
Fid Growth Co Pool Fidelity Management Trust Company DFE: Common/Collective Trust $99,549,477
Fiam Td 2030 Pool Q Fiam Trust Company DFE: Common/Collective Trust $59,611,498
Fiam Td 2025 Pool Q Fiam Trust Company DFE: Common/Collective Trust $55,110,528
Fiam Td 2020 Pool Q Fiam Trust Company DFE: Common/Collective Trust $43,712,766
Fiam Td 2035 Pool Q Fiam Trust Company DFE: Common/Collective Trust $38,986,153
Fiam Td 2040 Pool Q Fiam Trust Company DFE: Common/Collective Trust $27,195,164
Fiam Td 2045 Pool Q Fiam Trust Company DFE: Common/Collective Trust $21,269,693
Fiam Td 2050 Pool Q Fiam Trust Company DFE: Common/Collective Trust $14,364,392
Fiam Td 2015 Pool Q Fiam Trust Company DFE: Common/Collective Trust $13,366,487
Fiam Td 2055 Pool Q Fiam Trust Company DFE: Common/Collective Trust $6,071,427
Fiam Td 2010 Pool Q Fiam Trust Company DFE: Common/Collective Trust $3,114,187
Fiam Td 2060 Pool Q Fiam Trust Company DFE: Common/Collective Trust $1,783,613
Fiam Td Income Cp Q Fiam Trust Company DFE: Common/Collective Trust $1,132,576
Total $535,057,285

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.