ERISA information provided

Summary annual reports for retirement and welfare benefit plans offered by Princeton University are printed here. The language and format are mandated by U.S. Department of Labor regulations.

Health Care Plan

This is a summary of the annual report of the Health Care Plan, EIN 21-0634501, Plan No. 603, for the period Jan. 1, 1999, through Dec. 31, 1999. The annual report has been filed with the U.S. Department of Labor's Pension and Welfare Benefits Administration, as required under the Employee Retirement Income Security Act of 1974 (ERISA).

Princeton University has committed itself to pay all hospital/medical/surgical claims under the terms of the plan.

Insurance information: The plan has contracts with HMO Blue (Blue Cross and Blue Shield of New Jersey), Aetna US Healthcare-HMO NJ, Aetna US Healthcare, HMO-PA and HIP Health Plan of New Jersey to pay medical claims incurred under the terms of the plan. The total premiums paid for the plan year ending Dec. 31, 1999, were $2,236,535.

Vision Care Plan

This is a summary of the annual report of the Vision Care Plan, EIN 21-0634501, Plan No. 607, for the period Jan. 1, 1999, through Dec. 31, 1999. The annual report has been filed with the U.S. Department of Labor's Pension and Welfare Benefits Administration, as required under the Employee Retirement Income Security Act of 1974 (ERISA).

Insurance information: The plan has a contract with Vision Service Plan to pay all vision care claims incurred under the terms of the plan.

Because it is a so called "experience-rated" contract, the premium costs are affected by, among other things, the number and size of claims. Of the total insurance premiums paid for the plan year ending Dec. 31, 1999, the premiums paid under such "experience-rated" contract were $124,607.

Total Disability Insurance Program

This is a summary of the annual report of the Total Disability Insurance Program, EIN 21-0634501, Plan No. 505, for the period Jan. 1, 1999, through Dec. 31, 1999. The annual report has been filed with the U.S. Department of Labor's Pension and Welfare Benefits Administration, as required under the Employee Retirement Income Security Act of 1974 (ERISA).

Insurance information: The plan has a contract with UNUM Life Insurance Co. of America to pay long-term disability claims incurred under the terms of the plan. The total premiums paid for the plan year ending Dec. 31, 1999, were $1,068,459.

Group Life Insurance Program-Regular

This is a summary of the annual report of the Group Life Insurance Program-Regular, EIN 21-0634501, Plan No. 601, for the period Jan. 1, 1999, through Dec. 31, 1999. The annual report has been filed with the U.S. Department of Labor's Pension and Welfare Benefits Administration, as required under the Employee Retirement Income Security Act of 1974 (ERISA).

Insurance information: The plan has a contract with Aetna Life Insurance Co. 397432ERG to pay all death and accidental death and dismemberment claims incurred under the terms of the plan.

Because it is a so called "experience-rated" contract, the premium costs are affected by, among other things, the number and size of claims. Of the total insurance premiums paid for the plan year ending Dec. 31, 1999, the premiums paid under such "experience-rated" contract were $437,694 and the total of all benefit claims paid under the experience-rated contract during the plan year was $357,714.

Group Life Insurance Program-Supplemental

This is a summary of the annual report of the Group Life Insurance Program-Supplemental, EIN 21-0634501, Plan No. 602, for the period Jan. 1, 1999, through Dec. 31, 1999. The annual report has been filed with the U.S. Department of Labor's Pension and Welfare Benefits Administration, as required under the Employee Retirement Income Security Act of 1974 (ERISA).

Insurance information: The plan has a contract with Aetna Life Insurance Co. to pay all death claims incurred under the terms of the plan. The total premiums paid for the plan year ending Dec. 31, 1999, were $662,722.

Business Travel Accident Insurance Plan

This is a summary of the annual report of the Business Travel Accident Insurance Plan, EIN 21-0634501, Plan No. 507, for the period July 1, 1999, through June 30, 2000. The annual report has been filed with the U.S. Department of Labor's Pension and Welfare Benefits Administration, as required under the Employee Retirement Income Security Act of 1974 (ERISA).

Insurance information: The plan has a contract with Hartford Life Insurance Co. to pay claims incurred under the terms of the plan. The total premiums paid for the plan year ending June 30, 2000, were $8,395.

Retirement Annuity Program for Monthly Employees

This is a summary of the annual report for the Retirement Annuity Program for Monthly Employees, EIN 21-0634501, Plan No. 001, for the period Jan. 1, 1999, through Dec. 31, 1999. The annual report has been filed with the U.S. Department of Labor's Pension and Welfare Benefits Administration, as required under the Employee Retirement Income Security Act of 1974 (ERISA).

Benefits under the plan are provided by individually owned, fully vested annuity contracts issued by the Teachers' Insurance and Annuity Association and College Retirement Equities Fund. The plan was frozen as of Dec. 31, 1993, and no additional contributions have been made.

Princeton University Retirement Plan

This is a summary of the annual report for the Princeton University Retirement Plan, EIN 21-0634501, Plan No. 003, for the period Jan. 1, 1999, through Dec. 31, 1999. The annual report has been filed with the U.S. Department of Labor's Pension and Welfare Benefits Administration, as required under the Employee Retirement Income Security Act of 1974 (ERISA).

Basic financial statement: Benefits under the plan are provided by annuity contracts issued by Teachers' Insurance and Annuity Association and College Retirement Equities Fund. Plan expenses were $7,639,382. These expenses included $7,639,382 in benefits paid to participants and beneficiaries. A total of 4,372 persons were participants in or beneficiaries of the plan at the end of the plan year, although not all of these persons had yet earned the right to receive benefits.

The value of plan assets, after subtracting liabilities of the plan, was $154,192,504 as of Dec. 31, 1999, compared to $111,989,581 as of Jan. 1, 1999. During the plan year, the plan experienced an increase in its net assets of $42,202,923. This increase includes unrealized appreciation and depreciation in the value of plan assets; that is, the difference between the value of the plan's assets at the end of the year and the value of the assets at the beginning of the year or the cost of assets acquired during the year. The plan had total income of $51,008,023 including employer contributions of $23,485,009 and earnings from investments of $27,523,014.

The plan has a contract with Teachers' Insurance & Annuity Association and College Retirement Equities Fund, which allocates funds toward individual policies. The total premiums paid for the plan year ending Dec. 31, 1999, were $5,748,064.

Minimum funding standards: Enough money was contributed to the plan to keep it funded in accordance with the minimum funding standards of ERISA.

Your rights to additional information

You have the right to receive a copy of the full annual report, or any part thereof, on request.

The items listed below are included in the reports on the Health Care Plan, Vision Care Plan, Total Disability Insurance Program, Group Life Insurance Program-Regular, Group Life Insurance Program-Supplemental and Business Travel Accident Insurance Plan:

1. Insurance information, including sales commissions paid by insurance carriers.

The items listed below are included in the report on the Princeton University Retirement Plan:

1. An accountant's report;

2. Assets held for investment;

3. Fiduciary information, including non-exempt transactions between the plan and parties-in-interest (that is, persons who have certain relationships with the plan);

4. Insurance information, including sales commissions paid by insurance carriers; and

5. Information regarding any common or collective trusts, pooled separate accounts; master trusts or 103-12 investment entities in which the plan participates.

To obtain a copy of the full annual report, or any part thereof, write or call: Office of Human Resources, Clio Hall, Princeton, NJ 08544-5264, (609) 258-5917.

You also have the right to receive from the plan administrator, on request and at no charge, a statement of the assets and liabilities of the plan and accompanying notes, or a statement of income and expenses of the plan and accompanying notes, or both. If you request a copy of the full annual report from the plan administrator, these two statements and accompanying notes will be included as part of that report.

You also have the legally protected right to examine the annual report at the main office of the plan (Office of Human Resources, Clio Hall, Princeton University, Princeton, NJ 08544-5264) and at the U.S. Department of Labor in Washington, D.C., or to obtain a copy from the U.S. Department of Labor upon payment of copying costs. Requests to the Department should be addressed to: Public Disclosure Room, Room N-5638, Pension and Welfare Benefits Administration, U.S. Department of Labor, 200 Constitution Ave. N.W., Washington, D.C. 20210.



December 11, 2000
Vol. 90, No. 12
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Contents

Page 1
Humane hacker
Researchers find Internet glitch that puts privacy at serious risk
Class project brings community history to life

Page 2
Bowen honored for groundbreaking book
United Way campaign update
Spotlight / Obituary

Page 3
Joint studio with Asian universities inspires students

Page 4-5
Calendar of events

Page 7
University lends support to new public library
Discussions under way with Oxford

Page 8
Nassau notes
Health plans cover breast reconstruction
ERISA information provided


The Bulletin is published weekly during the academic year, except during University breaks and exam weeks, by the Office of Communications, Princeton University, Princeton, NJ 08544. Permission is given to adapt, reprint or excerpt material from the Bulletin for use in other media.


Deadline. In general, the copy deadline for each issue is the Friday 10 days in advance of the Monday cover date. The deadline for the Bulletin that covers Jan. 8-28 is Friday, Dec. 29. A complete publication schedule is available at deadlines or by calling (609) 258-3601.


Subscriptions. The Bulletin is distributed free to faculty, staff and students. Others may subscribe to the Bulletin for $24 for the academic year (half price for current Princeton parents and people over 65). Send a check to Office of Communications, Stanhope Hall, Princeton University, Princeton, NJ 08544.


Editor: Ruth Stevens
Staff writer: Yvonne Chiu Hays
Calendar editor: Carolyn Geller
Contributing writers: Karin Dienst, Marilyn Marks, Steven Schultz
Photographer: Denise Applewhite
Design: Mahlon Lovett,
Laurel Masten Cantor
Web edition: Mahlon Lovett


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