LOCAL 580 - ANNUITY FUND has sponsored the creation of one or more 401k plans.
| Measure | Date | Value |
|---|
| 2022 : LOCAL 580 ANNUITY FUND 2022 401k financial data |
|---|
| Unrealized appreciation/depreciation of other (non real estate) assets | 2022-12-31 | $-74,668,566 |
| Total unrealized appreciation/depreciation of assets | 2022-12-31 | $-74,668,566 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $15,369,869 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $2,417,098 |
| Total income from all sources (including contributions) | 2022-12-31 | $-33,159,714 |
| Total loss/gain on sale of assets | 2022-12-31 | $-4,923,175 |
| Total of all expenses incurred | 2022-12-31 | $89,478,654 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $85,464,855 |
| Expenses. Certain deemed distributions of participant loans | 2022-12-31 | $1,697,728 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $39,440,096 |
| Value of total assets at end of year | 2022-12-31 | $710,015,457 |
| Value of total assets at beginning of year | 2022-12-31 | $819,701,054 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $2,316,071 |
| Total interest from all sources | 2022-12-31 | $14,360,286 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $5,408,893 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2022-12-31 | $2,892,375 |
| Administrative expenses professional fees incurred | 2022-12-31 | $316,163 |
| Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
| Value of fidelity bond cover | 2022-12-31 | $3,000,000 |
| If this is an individual account plan, was there a blackout period | 2022-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
| Participant contributions at end of year | 2022-12-31 | $21,054,473 |
| Participant contributions at beginning of year | 2022-12-31 | $21,029,170 |
| Assets. Other investments not covered elsewhere at end of year | 2022-12-31 | $1,755,345 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2022-12-31 | $2,946,488 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2022-12-31 | $18,797,216 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2022-12-31 | $15,007,384 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2022-12-31 | $2,127,708 |
| Other income not declared elsewhere | 2022-12-31 | $1,419 |
| Administrative expenses (other) incurred | 2022-12-31 | $661,418 |
| Liabilities. Value of operating payables at end of year | 2022-12-31 | $362,485 |
| Liabilities. Value of operating payables at beginning of year | 2022-12-31 | $289,390 |
| Total non interest bearing cash at end of year | 2022-12-31 | $3,331,510 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
| Value of net income/loss | 2022-12-31 | $-122,638,368 |
| Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $694,645,588 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $817,283,956 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-12-31 | No |
| Assets. partnership/joint venture interests at end of year | 2022-12-31 | $43,689,335 |
| Assets. partnership/joint venture interests at beginning of year | 2022-12-31 | $68,374,062 |
| Investment advisory and management fees | 2022-12-31 | $1,338,490 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-12-31 | $67,634,422 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $62,100,855 |
| Value of interest in pooled separate accounts at end of year | 2022-12-31 | $14,923,384 |
| Value of interest in pooled separate accounts at beginning of year | 2022-12-31 | $14,882,927 |
| Interest on participant loans | 2022-12-31 | $976,166 |
| Interest earned on other investments | 2022-12-31 | $2,621,054 |
| Income. Interest from US Government securities | 2022-12-31 | $4,724,480 |
| Income. Interest from corporate debt instruments | 2022-12-31 | $6,038,586 |
| Value of interest in common/collective trusts at end of year | 2022-12-31 | $24,397,479 |
| Value of interest in common/collective trusts at beginning of year | 2022-12-31 | $28,239,395 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2022-12-31 | $1,786,822 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2022-12-31 | $21,908,239 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2022-12-31 | $21,908,239 |
| Asset value of US Government securities at end of year | 2022-12-31 | $213,341,559 |
| Asset value of US Government securities at beginning of year | 2022-12-31 | $193,799,260 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-8,699,840 |
| Net investment gain/loss from pooled separate accounts | 2022-12-31 | $-239,910 |
| Net investment gain or loss from common/collective trusts | 2022-12-31 | $-3,838,917 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-12-31 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2022-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2022-12-31 | No |
| Contributions received in cash from employer | 2022-12-31 | $39,440,096 |
| Employer contributions (assets) at end of year | 2022-12-31 | $2,589,937 |
| Employer contributions (assets) at beginning of year | 2022-12-31 | $2,953,727 |
| Income. Dividends from common stock | 2022-12-31 | $2,516,518 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $85,464,855 |
| Asset. Corporate debt instrument preferred debt at end of year | 2022-12-31 | $51,681,088 |
| Asset. Corporate debt instrument debt (other) at end of year | 2022-12-31 | $131,510,235 |
| Asset. Corporate debt instrument debt (other) at beginning of year | 2022-12-31 | $275,268,107 |
| Assets. Corporate common stocks other than exployer securities at end of year | 2022-12-31 | $129,131,730 |
| Assets. Corporate common stocks other than exployer securities at beginning of year | 2022-12-31 | $112,345,170 |
| Assets. Value of buildings and other operty used in plan operation at end of year | 2022-12-31 | $241,650 |
| Assets. Value of buildings and other operty used in plan operation at beginning of year | 2022-12-31 | $2,926 |
| Did the plan have assets held for investment | 2022-12-31 | 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 | 2022-12-31 | Yes |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-12-31 | No |
| Aggregate proceeds on sale of assets | 2022-12-31 | $215,794,526 |
| Aggregate carrying amount (costs) on sale of assets | 2022-12-31 | $220,717,701 |
| Opinion of an independent qualified public accountant for this plan | 2022-12-31 | Unqualified |
| Accountancy firm name | 2022-12-31 | SCHULTHEIS & PANETTIERI, LLP |
| Accountancy firm EIN | 2022-12-31 | 131577780 |
