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YONKERS RACING CORPORATION LOCAL 153 ANNUITY PLAN 401k Plan overview

Plan NameYONKERS RACING CORPORATION LOCAL 153 ANNUITY PLAN
Plan identification number 002

YONKERS RACING CORPORATION LOCAL 153 ANNUITY PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily flat dollar (includes dollars per year of service)
  • Cash balance or similar plan - Plan has a "cash balance" formula. For this purpose, a "cash balance" formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount (for example, 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance).
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • Plan covered by PBGC that was terminated and closed out for PBGC purposes - Before the end of the plan year (or a prior plan year), (1) the plan terminated in a standard (or distress) termination and completed the distribution of plan assets in satisfaction of all benefit liabilities (or all ERISA Title IV benefits for distress termination); or (2) a trustee was appointed for a terminated plan pursuant to ERISA section 4042.
  • Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

YONKERS RACING CORPORATION has sponsored the creation of one or more 401k plans.

Company Name:YONKERS RACING CORPORATION
Employer identification number (EIN):132710385
NAIC Classification:713200
NAIC Description: Gambling Industries

Additional information about YONKERS RACING CORPORATION

Jurisdiction of Incorporation: New York Department of State
Incorporation Date: 1972-03-03
Company Identification Number: 324949
Legal Registered Office Address: YONKERS RACEWAY
810 YONKERS AVENUE
YONKERS
United States of America (USA)
10704

More information about YONKERS RACING CORPORATION

Form 5500 Filing Information

Submission information for form 5500 for 401k plan YONKERS RACING CORPORATION LOCAL 153 ANNUITY PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022015-01-01JOEL DAUM2016-10-17
0022014-01-01JOEL DAUM2015-10-09
0022013-01-01JOEL DAUM
0022012-01-01JOEL DAUM2013-10-14
0022011-01-01JOEL DAUM2012-12-06
0022010-01-01STEPHANIE BUNYAN2011-10-12
0022009-01-01STEPHANIE BUNYAN

Plan Statistics for YONKERS RACING CORPORATION LOCAL 153 ANNUITY PLAN

401k plan membership statisitcs for YONKERS RACING CORPORATION LOCAL 153 ANNUITY PLAN

Measure Date Value
2013: YONKERS RACING CORPORATION LOCAL 153 ANNUITY PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-01138
Total number of active participants reported on line 7a of the Form 55002013-01-010
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-012
Total of all active and inactive participants2013-01-012
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-012
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2009: YONKERS RACING CORPORATION LOCAL 153 ANNUITY PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01130
Total number of active participants reported on line 7a of the Form 55002009-01-0199
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-010
Total of all active and inactive participants2009-01-0199
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0199
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on YONKERS RACING CORPORATION LOCAL 153 ANNUITY PLAN

Measure Date Value
2013 : YONKERS RACING CORPORATION LOCAL 153 ANNUITY PLAN 2013 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2013-12-31$-12,919
Total unrealized appreciation/depreciation of assets2013-12-31$-12,919
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total income from all sources (including contributions)2013-12-31$23,818
Total loss/gain on sale of assets2013-12-31$29,064
Total of all expenses incurred2013-12-31$309,536
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$303,130
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$5,000
Value of total assets at end of year2013-12-31$27,094
Value of total assets at beginning of year2013-12-31$312,812
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$6,406
Total interest from all sources2013-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$2,673
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2013-12-31$0
Total dividends received from registered investment company shares (eg mutual funds)2013-12-31$2,673
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$2,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Administrative expenses (other) incurred2013-12-31$5,670
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$-285,718
Value of net assets at end of year (total assets less liabilities)2013-12-31$27,094
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$312,812
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Investment advisory and management fees2013-12-31$736
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$137,882
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2013-12-31$27,094
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2013-12-31$217
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2013-12-31$217
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31No
Was there a failure to transmit to the plan any participant contributions2013-12-31No
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Contributions received in cash from employer2013-12-31$5,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$303,130
Asset. Corporate debt instrument preferred debt at beginning of year2013-12-31$174,713
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Aggregate proceeds on sale of assets2013-12-31$738,520
Aggregate carrying amount (costs) on sale of assets2013-12-31$709,456
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31Yes
Opinion of an independent qualified public accountant for this plan2013-12-31Disclaimer
Accountancy firm name2013-12-31DAY SECKLER LLP
Accountancy firm EIN2013-12-31262310586
2009 : YONKERS RACING CORPORATION LOCAL 153 ANNUITY PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for YONKERS RACING CORPORATION LOCAL 153 ANNUITY PLAN

2013: YONKERS RACING CORPORATION LOCAL 153 ANNUITY PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2009: YONKERS RACING CORPORATION LOCAL 153 ANNUITY PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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