401k Plan data: NEW YORK CITY ECONOMIC DEVELOPMENT CORPORATION 403B PLAN plan

NEW YORK CITY ECONOMIC DEVELOPMENT CORPORATION 403B PLAN 401k Plan overview

Plan Name	NEW YORK CITY ECONOMIC DEVELOPMENT CORPORATION 403B PLAN
Plan identification number	002

NEW YORK CITY ECONOMIC DEVELOPMENT CORPORATION 403B PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
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.
Code section 403(b)(1) arrangement - See Limited Pension Plan Reporting instructions for Code section 403(b)(1) arrangements for certain exempt organizations.
Code section 403(b)(7) accounts - See Limited Pension Plan Reporting instructions for Code section 403(b)(7) custodial accounts for regulated investment company stock for certain exempt organizations.
Participant-directed brokerage accounts provided as an investment option under the plan.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.

401k Sponsoring company profile

NYC ECONOMIC DEVELOPMENT CORPORATION has sponsored the creation of one or more 401k plans.

Company Name: NYC ECONOMIC DEVELOPMENT CORPORATION

Employer identification number (EIN): 455311842

NAIC Classification: 813000
NAIC Description: Religious, Grantmaking, Civic, Professional, and Similar Organizations

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NEW YORK CITY ECONOMIC DEVELOPMENT CORPORATION 403B PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2013-01-01 SPENCER HOBSON
002 2012-01-01 SPENCER HOBSON

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
002	2013-01-01	SPENCER HOBSON
002	2012-01-01	SPENCER HOBSON

Plan Statistics for NEW YORK CITY ECONOMIC DEVELOPMENT CORPORATION 403B PLAN

401k plan membership statisitcs for NEW YORK CITY ECONOMIC DEVELOPMENT CORPORATION 403B PLAN

Measure Date Value
2013: NEW YORK CITY ECONOMIC DEVELOPMENT CORPORATION 403B PLAN 2013 401k membership
Total participants, beginning-of-year 2013-01-01 561
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 260
Number of retired or separated participants receiving benefits 2013-01-01 3
Number of other retired or separated participants entitled to future benefits 2013-01-01 241
Total of all active and inactive participants 2013-01-01 504
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-01-01 2
Total participants 2013-01-01 506
Number of participants with account balances 2013-01-01 506
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 0
2012: NEW YORK CITY ECONOMIC DEVELOPMENT CORPORATION 403B PLAN 2012 401k membership
Total participants, beginning-of-year 2012-01-01 554
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 360
Number of retired or separated participants receiving benefits 2012-01-01 0
Number of other retired or separated participants entitled to future benefits 2012-01-01 199
Total of all active and inactive participants 2012-01-01 559
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 2
Total participants 2012-01-01 561
Number of participants with account balances 2012-01-01 561
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 0

Measure	Date	Value
2013: NEW YORK CITY ECONOMIC DEVELOPMENT CORPORATION 403B PLAN 2013 401k membership
Total participants, beginning-of-year	2013-01-01	561
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	260
Number of retired or separated participants receiving benefits	2013-01-01	3
Number of other retired or separated participants entitled to future benefits	2013-01-01	241
Total of all active and inactive participants	2013-01-01	504
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-01-01	2
Total participants	2013-01-01	506
Number of participants with account balances	2013-01-01	506
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	0
2012: NEW YORK CITY ECONOMIC DEVELOPMENT CORPORATION 403B PLAN 2012 401k membership
Total participants, beginning-of-year	2012-01-01	554
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	360
Number of retired or separated participants receiving benefits	2012-01-01	0
Number of other retired or separated participants entitled to future benefits	2012-01-01	199
Total of all active and inactive participants	2012-01-01	559
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	2
Total participants	2012-01-01	561
Number of participants with account balances	2012-01-01	561
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	0

Financial Data on NEW YORK CITY ECONOMIC DEVELOPMENT CORPORATION 403B PLAN

Measure	Date	Value
2013 : NEW YORK CITY ECONOMIC DEVELOPMENT CORPORATION 403B PLAN 2013 401k financial data
Total income from all sources (including contributions)	2013-12-31	$4,710,693
Total of all expenses incurred	2013-12-31	$3,262,278
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2013-12-31	$3,150,767
Expenses. Certain deemed distributions of participant loans	2013-12-31	$31,822
Value of total assets at end of year	2013-12-31	$26,801,871
Value of total assets at beginning of year	2013-12-31	$25,353,456
Total of administrative expenses incurred including professional, contract, advisory and management fees	2013-12-31	$79,689
Total interest from all sources	2013-12-31	$41,672
Total dividends received (eg from common stock, registered investment company shares)	2013-12-31	$491,052
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2013-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2013-12-31	$491,052
Was this plan covered by a fidelity bond	2013-12-31	Yes
Value of fidelity bond cover	2013-12-31	$5,000,000
If this is an individual account plan, was there a blackout period	2013-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2013-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2013-12-31	No
Participant contributions at end of year	2013-12-31	$309,077
Participant contributions at beginning of year	2013-12-31	$359,845
Assets. Other investments not covered elsewhere at end of year	2013-12-31	$1
Assets. Other investments not covered elsewhere at beginning of year	2013-12-31	$29,242
Value of other receiveables (less allowance for doubtful accounts) at end of year	2013-12-31	$1,697
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2013-12-31	$2,105
Other income not declared elsewhere	2013-12-31	$3,572
Administrative expenses (other) incurred	2013-12-31	$51,689
Total non interest bearing cash at end of year	2013-12-31	$7,925
Total non interest bearing cash at beginning of year	2013-12-31	$7,925
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2013-12-31	No
Value of net income/loss	2013-12-31	$1,448,415
Value of net assets at end of year (total assets less liabilities)	2013-12-31	$26,801,871
Value of net assets at beginning of year (total assets less liabilities)	2013-12-31	$25,353,456
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2013-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2013-12-31	No
Were any leases to which the plan was party in default or uncollectible	2013-12-31	No
Investment advisory and management fees	2013-12-31	$28,000
Value of interest in registered invesment companies (eg mutual funds) at end of year	2013-12-31	$24,307,815
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2013-12-31	$22,288,193
Interest on participant loans	2013-12-31	$11,022
Interest earned on other investments	2013-12-31	$30,650
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2013-12-31	$2,175,356
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2013-12-31	$2,666,146
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2013-12-31	$4,174,397
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2013-12-31	No
Was there a failure to transmit to the plan any participant contributions	2013-12-31	No
Has the plan failed to provide any benefit when due under the plan	2013-12-31	No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2013-12-31	$3,150,767
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	2013-12-31	No
Did the plan have assets held for investment	2013-12-31	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	2013-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2013-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2013-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2013-12-31	Disclaimer
Accountancy firm name	2013-12-31	ERNST & YOUNG LLP
Accountancy firm EIN	2013-12-31	346565596
2012 : NEW YORK CITY ECONOMIC DEVELOPMENT CORPORATION 403B PLAN 2012 401k financial data
Total income from all sources (including contributions)	2012-12-31	$5,272,594
Total of all expenses incurred	2012-12-31	$2,731,843
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2012-12-31	$2,628,605
Expenses. Certain deemed distributions of participant loans	2012-12-31	$36,279
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2012-12-31	$2,576,268
Value of total assets at end of year	2012-12-31	$25,353,456
Value of total assets at beginning of year	2012-12-31	$22,812,705
Total of administrative expenses incurred including professional, contract, advisory and management fees	2012-12-31	$66,959
Total interest from all sources	2012-12-31	$51,599
Total dividends received (eg from common stock, registered investment company shares)	2012-12-31	$472,745
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2012-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2012-12-31	$472,745
Was this plan covered by a fidelity bond	2012-12-31	Yes
Value of fidelity bond cover	2012-12-31	$5,000,000
If this is an individual account plan, was there a blackout period	2012-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2012-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2012-12-31	No
Contributions received from participants	2012-12-31	$2,390,064
Participant contributions at end of year	2012-12-31	$359,845
Participant contributions at beginning of year	2012-12-31	$238,765
Assets. Other investments not covered elsewhere at end of year	2012-12-31	$29,242
Assets. Other investments not covered elsewhere at beginning of year	2012-12-31	$25,557
Income. Received or receivable in cash from other sources (including rollovers)	2012-12-31	$186,204
Value of other receiveables (less allowance for doubtful accounts) at end of year	2012-12-31	$2,105
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2012-12-31	$1,792
Other income not declared elsewhere	2012-12-31	$3,685
Administrative expenses (other) incurred	2012-12-31	$38,959
Total non interest bearing cash at end of year	2012-12-31	$7,925
Total non interest bearing cash at beginning of year	2012-12-31	$925
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2012-12-31	No
Value of net income/loss	2012-12-31	$2,540,751
Value of net assets at end of year (total assets less liabilities)	2012-12-31	$25,353,456
Value of net assets at beginning of year (total assets less liabilities)	2012-12-31	$22,812,705
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2012-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2012-12-31	No
Were any leases to which the plan was party in default or uncollectible	2012-12-31	No
Investment advisory and management fees	2012-12-31	$28,000
Value of interest in registered invesment companies (eg mutual funds) at end of year	2012-12-31	$22,288,193
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2012-12-31	$20,110,305
Interest on participant loans	2012-12-31	$14,473
Interest earned on other investments	2012-12-31	$37,126
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2012-12-31	$2,666,146
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2012-12-31	$2,435,361
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2012-12-31	$2,168,297
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2012-12-31	No
Was there a failure to transmit to the plan any participant contributions	2012-12-31	No
Has the plan failed to provide any benefit when due under the plan	2012-12-31	No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2012-12-31	$2,628,605
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	2012-12-31	No
Did the plan have assets held for investment	2012-12-31	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	2012-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2012-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2012-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2012-12-31	Disclaimer
Accountancy firm name	2012-12-31	ERNST & YOUNG LLP
Accountancy firm EIN	2012-12-31	346565596

Form 5500 Responses for NEW YORK CITY ECONOMIC DEVELOPMENT CORPORATION 403B PLAN

2013: NEW YORK CITY ECONOMIC DEVELOPMENT CORPORATION 403B PLAN 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Plan funding arrangement – Insurance	Yes
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement – Insurance	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: NEW YORK CITY ECONOMIC DEVELOPMENT CORPORATION 403B PLAN 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Plan funding arrangement – Insurance	Yes
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement – Insurance	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	NYC ECONOMIC DEVELOPMENT CORPORATION
Employer identification number (EIN):	455311842
NAIC Classification:	813000
NAIC Description:	Religious, Grantmaking, Civic, Professional, and Similar Organizations