Basic Financial Information

Benefits under the Plan are provided by contributions paid to the Christian School Pension Plan and Trust Fund.  Plan expenses were $13,922,455.  These expenses included $2,625,002 in administrative expenses and $11,297,453 in benefits paid to participants and beneficiaries.  A total of 8,716 persons were participants in or beneficiaries of the Plan at the end of the Plan Year, although not all these persons had yet earned the right to receive benefits.

The value of Plan assets, after subtracting liabilities of the Plan, was $347,216,067 as of August 31, 2002, compared to $362,360,300 as of September 1, 2001.  During the Plan Year, the Plan experienced a decrease in its net assets of $15,144,233.  The Plan’s total income of ($1,221,778) includes employer contributions of $6,496,780, employee contributions of $6,496,780 and losses from investments of $14,216,663.

Full Issue: No. 155 - April 22, 2003

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