BRICKLAYERS & ALLIED CRAFTWORKERS LOCAL BUFFALO CHAPTER PENSION PLAN has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan BRICKLAYERS & ALLIED CRAFTWORKERS LOCAL NO 3 NY NIAGARA FALLS-BUFFALO CHAPTER PENSION PLAN
401k plan membership statisitcs for BRICKLAYERS & ALLIED CRAFTWORKERS LOCAL NO 3 NY NIAGARA FALLS-BUFFALO CHAPTER PENSION PLAN
| Measure | Date | Value |
|---|
| 2022: BRICKLAYERS & ALLIED CRAFTWORKERS LOCAL NO 3 NY NIAGARA FALLS-BUFFALO CHAPTER PENSION PLAN 2022 401k membership |
|---|
| Current value of assets | 2022-05-31 | 23,759,010 |
| Acturial value of assets for funding standard account | 2022-05-31 | 21,367,134 |
| Accrued liability for plan using immediate gains methods | 2022-05-31 | 57,556,070 |
| Accrued liability under unit credit cost method | 2022-05-31 | 57,556,070 |
| RPA 94 current liability | 2022-05-31 | 108,040,482 |
| Expected increase in current liability due to benefits accruing during the plan year | 2022-05-31 | 1,055,196 |
| Expected release from RPA 94 current liability for plan year | 2022-05-31 | 3,872,180 |
| Expected plan disbursements for the plan year | 2022-05-31 | 4,122,180 |
| Current value of assets | 2022-05-31 | 23,759,010 |
| Number of retired participants and beneficiaries receiving payment | 2022-05-31 | 276 |
| Current liability for retired participants and beneficiaries receiving payment | 2022-05-31 | 44,682,198 |
| Number of terminated vested participants | 2022-05-31 | 174 |
| Current liability for terminated vested participants | 2022-05-31 | 25,823,486 |
| Current liability for active participants non vested benefits | 2022-05-31 | 217,111 |
| Current liability for active participants vested benefits | 2022-05-31 | 37,317,687 |
| Total number of active articipats | 2022-05-31 | 200 |
| Current liability for active participants | 2022-05-31 | 37,534,798 |
| Total participant count with liabilities | 2022-05-31 | 650 |
| Total current liabilitoes for participants with libailities | 2022-05-31 | 108,040,482 |
| Total employer contributions in plan year | 2022-05-31 | 3,586,626 |
| Prior year funding deficiency | 2022-05-31 | 13,341,682 |
| Employer’s normal cost for plan year as of valuation date | 2022-05-31 | 615,965 |
| Prior year credit balance | 2022-05-31 | 0 |
| Amortization credits as of valuation date | 2022-05-31 | 1,460,878 |
| 2021: BRICKLAYERS & ALLIED CRAFTWORKERS LOCAL NO 3 NY NIAGARA FALLS-BUFFALO CHAPTER PENSION PLAN 2021 401k membership |
|---|
| Total participants, beginning-of-year | 2021-06-01 | 673 |
| Total number of active participants reported on line 7a of the Form 5500 | 2021-06-01 | 206 |
| Number of retired or separated participants receiving benefits | 2021-06-01 | 242 |
| Number of other retired or separated participants entitled to future benefits | 2021-06-01 | 167 |
| Total of all active and inactive participants | 2021-06-01 | 615 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2021-06-01 | 56 |
| Total participants | 2021-06-01 | 671 |
| Number of employers contributing to the scheme | 2021-06-01 | 44 |
| Current value of assets | 2021-05-31 | 19,625,039 |
| Acturial value of assets for funding standard account | 2021-05-31 | 20,273,073 |
| Accrued liability for plan using immediate gains methods | 2021-05-31 | 57,201,413 |
| Accrued liability under unit credit cost method | 2021-05-31 | 57,201,413 |
| RPA 94 current liability | 2021-05-31 | 102,538,417 |
| Expected increase in current liability due to benefits accruing during the plan year | 2021-05-31 | 1,076,376 |
| Expected release from RPA 94 current liability for plan year | 2021-05-31 | 3,906,851 |
| Expected plan disbursements for the plan year | 2021-05-31 | 4,156,851 |
| Current value of assets | 2021-05-31 | 19,625,039 |
| Number of retired participants and beneficiaries receiving payment | 2021-05-31 | 286 |
| Current liability for retired participants and beneficiaries receiving payment | 2021-05-31 | 43,449,125 |
| Number of terminated vested participants | 2021-05-31 | 162 |
| Current liability for terminated vested participants | 2021-05-31 | 20,944,876 |
| Current liability for active participants non vested benefits | 2021-05-31 | 331,601 |
| Current liability for active participants vested benefits | 2021-05-31 | 37,812,815 |
| Total number of active articipats | 2021-05-31 | 217 |
| Current liability for active participants | 2021-05-31 | 38,144,416 |
| Total participant count with liabilities | 2021-05-31 | 665 |
| Total current liabilitoes for participants with libailities | 2021-05-31 | 102,538,417 |
| Total employer contributions in plan year | 2021-05-31 | 2,958,097 |
| Prior year funding deficiency | 2021-05-31 | 11,743,276 |
| Employer’s normal cost for plan year as of valuation date | 2021-05-31 | 666,643 |
| Amortization credits as of valuation date | 2021-05-31 | 1,438,420 |
| 2020: BRICKLAYERS & ALLIED CRAFTWORKERS LOCAL NO 3 NY NIAGARA FALLS-BUFFALO CHAPTER PENSION PLAN 2020 401k membership |
|---|
| Total participants, beginning-of-year | 2020-06-01 | 687 |
| Total number of active participants reported on line 7a of the Form 5500 | 2020-06-01 | 200 |
| Number of retired or separated participants receiving benefits | 2020-06-01 | 249 |
| Number of other retired or separated participants entitled to future benefits | 2020-06-01 | 171 |
| Total of all active and inactive participants | 2020-06-01 | 620 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2020-06-01 | 53 |
| Total participants | 2020-06-01 | 673 |
| Number of employers contributing to the scheme | 2020-06-01 | 42 |
| Measure | Date | Value |
|---|
| 2022 : BRICKLAYERS & ALLIED CRAFTWORKERS LOCAL NO 3 NY NIAGARA FALLS-BUFFALO CHAPTER PENSION PLAN 2022 401k financial data |
|---|
| Unrealized appreciation/depreciation of other (non real estate) assets | 2022-05-31 | $-355,804 |
| Total unrealized appreciation/depreciation of assets | 2022-05-31 | $-355,804 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-05-31 | $82,192 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-05-31 | $102,413 |
| Total income from all sources (including contributions) | 2022-05-31 | $3,129,707 |
| Total loss/gain on sale of assets | 2022-05-31 | $-456,573 |
| Total of all expenses incurred | 2022-05-31 | $3,898,231 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-05-31 | $3,612,242 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-05-31 | $3,586,626 |
| Value of total assets at end of year | 2022-05-31 | $23,072,678 |
| Value of total assets at beginning of year | 2022-05-31 | $23,861,423 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-05-31 | $285,989 |
| Total interest from all sources | 2022-05-31 | $102,841 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-05-31 | $378,587 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-05-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2022-05-31 | $230,920 |
| Administrative expenses professional fees incurred | 2022-05-31 | $95,174 |
| Was this plan covered by a fidelity bond | 2022-05-31 | Yes |
| Value of fidelity bond cover | 2022-05-31 | $1,000,000 |
| If this is an individual account plan, was there a blackout period | 2022-05-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2022-05-31 | No |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2022-05-31 | $33,000 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2022-05-31 | $27,519 |
| Other income not declared elsewhere | 2022-05-31 | $40,254 |
| Administrative expenses (other) incurred | 2022-05-31 | $115,675 |
| Liabilities. Value of operating payables at end of year | 2022-05-31 | $82,192 |
| Liabilities. Value of operating payables at beginning of year | 2022-05-31 | $102,413 |
| Total non interest bearing cash at end of year | 2022-05-31 | $396,510 |
| Total non interest bearing cash at beginning of year | 2022-05-31 | $390,756 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-05-31 | No |
| Value of net income/loss | 2022-05-31 | $-768,524 |
| Value of net assets at end of year (total assets less liabilities) | 2022-05-31 | $22,990,486 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-05-31 | $23,759,010 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-05-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-05-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-05-31 | No |
| Assets. partnership/joint venture interests at end of year | 2022-05-31 | $3,033,737 |
| Assets. partnership/joint venture interests at beginning of year | 2022-05-31 | $4,089,956 |
| Investment advisory and management fees | 2022-05-31 | $75,140 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-05-31 | $9,425,655 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-05-31 | $7,280,098 |
| Income. Interest from US Government securities | 2022-05-31 | $56 |
| Income. Interest from corporate debt instruments | 2022-05-31 | $102,293 |
| Value of interest in common/collective trusts at end of year | 2022-05-31 | $655,909 |
| Value of interest in common/collective trusts at beginning of year | 2022-05-31 | $1,147,222 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2022-05-31 | $1,013,672 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2022-05-31 | $362,631 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2022-05-31 | $362,631 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2022-05-31 | $492 |
| Assets. Value of investments in 103.12 investment entities at end of year | 2022-05-31 | $1,326,629 |
| Asset value of US Government securities at end of year | 2022-05-31 | $12,033 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-05-31 | $80,878 |
| Net investment gain or loss from common/collective trusts | 2022-05-31 | $-134,129 |
| Net gain/loss from 103.12 investment entities | 2022-05-31 | $-112,973 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-05-31 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2022-05-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2022-05-31 | No |
| Contributions received in cash from employer | 2022-05-31 | $3,586,626 |
| Employer contributions (assets) at end of year | 2022-05-31 | $466,716 |
| Employer contributions (assets) at beginning of year | 2022-05-31 | $381,529 |
| Income. Dividends from common stock | 2022-05-31 | $147,667 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-05-31 | $3,612,242 |
| Asset. Corporate debt instrument debt (other) at end of year | 2022-05-31 | $1,950,652 |
| Asset. Corporate debt instrument debt (other) at beginning of year | 2022-05-31 | $2,324,571 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2022-05-31 | No |
| Assets. Corporate common stocks other than exployer securities at end of year | 2022-05-31 | $4,720,336 |
| Assets. Corporate common stocks other than exployer securities at beginning of year | 2022-05-31 | $7,818,657 |
| Assets. Value of buildings and other operty used in plan operation at end of year | 2022-05-31 | $37,829 |
| Assets. Value of buildings and other operty used in plan operation at beginning of year | 2022-05-31 | $38,484 |
| Did the plan have assets held for investment | 2022-05-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-05-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-05-31 | No |
| Aggregate proceeds on sale of assets | 2022-05-31 | $8,461,914 |
| Aggregate carrying amount (costs) on sale of assets | 2022-05-31 | $8,918,487 |
| Opinion of an independent qualified public accountant for this plan | 2022-05-31 | Unqualified |
| Accountancy firm name | 2022-05-31 | TRONCONI SEGARRA AND ASSOCIATES |
| Accountancy firm EIN | 2022-05-31 | 043728817 |
| 2021 : BRICKLAYERS & ALLIED CRAFTWORKERS LOCAL NO 3 NY NIAGARA FALLS-BUFFALO CHAPTER PENSION PLAN 2021 401k financial data |
|---|
| Unrealized appreciation/depreciation of other (non real estate) assets | 2021-05-31 | $2,042,106 |
| Total unrealized appreciation/depreciation of assets | 2021-05-31 | $2,042,106 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-05-31 | $102,413 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-05-31 | $62,672 |
| Total income from all sources (including contributions) | 2021-05-31 | $8,075,120 |
| Total loss/gain on sale of assets | 2021-05-31 | $1,232,974 |
| Total of all expenses incurred | 2021-05-31 | $3,941,149 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-05-31 | $3,671,032 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-05-31 | $2,958,097 |
| Value of total assets at end of year | 2021-05-31 | $23,861,423 |
| Value of total assets at beginning of year | 2021-05-31 | $19,687,711 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-05-31 | $270,117 |
| Total interest from all sources | 2021-05-31 | $122,057 |
| Total dividends received (eg from common stock, registered investment company shares) | 2021-05-31 | $242,669 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-05-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2021-05-31 | $128,291 |
| Administrative expenses professional fees incurred | 2021-05-31 | $91,363 |
| Was this plan covered by a fidelity bond | 2021-05-31 | Yes |
| Value of fidelity bond cover | 2021-05-31 | $1,000,000 |
| If this is an individual account plan, was there a blackout period | 2021-05-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2021-05-31 | No |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2021-05-31 | $27,519 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2021-05-31 | $91,476 |
| Other income not declared elsewhere | 2021-05-31 | $86,710 |
| Administrative expenses (other) incurred | 2021-05-31 | $86,601 |
| Liabilities. Value of operating payables at end of year | 2021-05-31 | $102,413 |
| Liabilities. Value of operating payables at beginning of year | 2021-05-31 | $62,672 |
| Total non interest bearing cash at end of year | 2021-05-31 | $390,756 |
| Total non interest bearing cash at beginning of year | 2021-05-31 | $399,224 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-05-31 | No |
| Value of net income/loss | 2021-05-31 | $4,133,971 |
| Value of net assets at end of year (total assets less liabilities) | 2021-05-31 | $23,759,010 |
| Value of net assets at beginning of year (total assets less liabilities) | 2021-05-31 | $19,625,039 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2021-05-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2021-05-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2021-05-31 | No |
| Assets. partnership/joint venture interests at end of year | 2021-05-31 | $4,089,956 |
| Assets. partnership/joint venture interests at beginning of year | 2021-05-31 | $1,726,897 |
| Investment advisory and management fees | 2021-05-31 | $92,153 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2021-05-31 | $7,280,098 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2021-05-31 | $5,294,375 |
| Income. Interest from corporate debt instruments | 2021-05-31 | $114,741 |
| Value of interest in common/collective trusts at end of year | 2021-05-31 | $1,147,222 |
| Value of interest in common/collective trusts at beginning of year | 2021-05-31 | $2,074,102 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2021-05-31 | $362,631 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2021-05-31 | $651,606 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2021-05-31 | $651,606 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2021-05-31 | $7,316 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2021-05-31 | $820,267 |
| Net investment gain or loss from common/collective trusts | 2021-05-31 | $570,240 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2021-05-31 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2021-05-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2021-05-31 | No |
| Contributions received in cash from employer | 2021-05-31 | $2,958,097 |
| Employer contributions (assets) at end of year | 2021-05-31 | $381,529 |
| Employer contributions (assets) at beginning of year | 2021-05-31 | $263,414 |
| Income. Dividends from common stock | 2021-05-31 | $114,378 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-05-31 | $3,671,032 |
| Asset. Corporate debt instrument debt (other) at end of year | 2021-05-31 | $2,324,571 |
| Asset. Corporate debt instrument debt (other) at beginning of year | 2021-05-31 | $2,399,821 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2021-05-31 | No |
| Assets. Corporate common stocks other than exployer securities at end of year | 2021-05-31 | $7,818,657 |
| Assets. Corporate common stocks other than exployer securities at beginning of year | 2021-05-31 | $6,747,656 |
| Assets. Value of buildings and other operty used in plan operation at end of year | 2021-05-31 | $38,484 |
| Assets. Value of buildings and other operty used in plan operation at beginning of year | 2021-05-31 | $39,140 |
| Did the plan have assets held for investment | 2021-05-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-05-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2021-05-31 | No |
| Aggregate proceeds on sale of assets | 2021-05-31 | $8,552,392 |
| Aggregate carrying amount (costs) on sale of assets | 2021-05-31 | $7,319,418 |
| Opinion of an independent qualified public accountant for this plan | 2021-05-31 | Unqualified |
| Accountancy firm name | 2021-05-31 | TRONCONI SEGARRA AND ASSOCIATES |
| Accountancy firm EIN | 2021-05-31 | 043728817 |
