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FORM 5500 DATA

Ricoh USA, Inc. Retirement Savings Plan

Overview

Plan Information

  • Plan Year01/01/2018 — 12/31/2018
  • Date of Plan01/01/1975
  • Net Assets as of 12/31/2018 $1,861,035,820
  • Plan Number99
  • Plan Type Single Employer
  • Is the plan collectively bargained? No
  • Did the plan file for an extension of time or the DFVC Program?Yes
  • Plan Funding ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2018

  • Active (Eligible) Participants20,342
  • Retired or separated participants receiving benefits8,416
  • Other retired or separated participants entitled to future benefits0
  • Subtotal28,758
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits195
  • Total28,953
  • Total number of participants as of 01/01/201828,267
  • Number of participants with account balances22,575
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested229

Expenses

  • Total Benefit Payments$0
  • Corrective Distributions$0
  • Administrative Service Providers$0
  • Other Expenses$0
  • Total Expenses$0
  • Total Transfers$0

Sponsor Information

  • Address300 Eagleview Boulevard Suite 200
  • CityExton
  • StatePA
  • Zip19341
  • Telephone(610) 296-8000
  • EIN23-0334400
  • Industry Code424100
  • Named AdministratorKatherine Huggins

Audit Information

  • Audit StatusAudited
  • AuditorKPMG LLP
  • Auditor EIN13-5565207
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
2E Profit-sharing A defined contribution plan that allows employer discretionary contributions. These plans often contain a 401(k) feature.
2F ERISA section 404(c) Plan This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
2G 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.
2J Code section 401(k) feature A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
2K Code section 401(m) arrangement Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contributions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
2T Participant-directed Account Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
3H Controlled Group Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

Questions and Answers

Question Answer Amount
During the plan year did the employer fail to transmit to the plan any participant contributions within the time period described in 29 CFT 2510.3-102? No
Were any loans by the plan or fixed income obligations due the plan in default as of the close of plan year or classified during the year as uncollectible? Disregard participant loans secured by participant's account balance. No
Were any leases to which the plan was a party in default or classified during the year as uncollectible? No
Were there any nonexempt transactions with any party-in-interest? No
Was this plan covered by a fidelity bond? Yes $500,000
Did the plan have a loss, whether or not reimbursed by the plan's fidelity bond, that was caused by fraud or dishonesty? No
Did the plan hold any assets whose current value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan receive any noncash contributions whose value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan have assets held for investment? Yes
Were any plan transactions or series of transactions in excess of 5% of the current value of plan assets? Yes
Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC? No
Has the plan failed to provide any benefit when due under the plan? No
If this is an individual account plan, was there a blackout period? No
If there was a blackout period, have you either provided the required notice or one of the exceptions to providing the notice applied under 29 CFR 2520.101-3? No

Financials

Income and Expense Statement

Income $9,701,953
Contributions $106,514,598
Cash Contributions $106,514,598
Cash from Employers $25,444,460
Cash from Participants $81,070,138
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $-96,822,645
Total Interest $1,602,117
Interest-Bearing Cash $94,167
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $1,507,950
Interest from Other Investments $0
Total Dividends $22,394,237
Preferred Stock $0
Common Stock $0
Rents $0
Net gain (loss) on sale of assets $0
Aggregate Proceeds $0
Aggregate Carrying Amount $0
Total Unrealized Appreciation (depreciation) of assets $0
Real Estate $0
Other $0
Net investment gain (loss) from common/collective trusts $6,755,484
Net investment gain (loss) from pooled separate accounts $0
Net investment gain (loss) from master trust investment accounts $0
Net investment gain (loss) from 103-12 investment entities $0
Net investment gain (loss) from registered investment companies $-127,574,483
Other Income $10,000
Expenses $243,607,076
Total Benefit Payments $242,011,348
Directly to participants or beneficiaries, including direct rollovers $242,011,348
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $111,515
Interest expense $0
Total Administrative Expenses $1,484,213
Professional Fees $320,578
Contract Administrator Fees $1,008,546
Investment Advisory and management fees $92,232
Other Administrative Fees $62,857
Net Income $-233,905,123
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2018 12/31/2017 Change YOY
Total Assets $1,861,694,095 $2,096,631,123 -11.21%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $13,325,271 $9,536,854 39.72%
Employer Contributions $8,878,485 $4,309,963 106.00%
Participant Contributions $2,807,654 $2,868,581 -2.12%
Other Contributions $1,639,132 $2,358,310 -30.50%
General Investments $4,651,404 $3,610,009 28.85%
Interest-bearing cash $4,651,404 $3,610,009 28.85%
U.S. Government Securities $0 $0 0.0%
Corporate Debt Instruments $0 $0 0.0%
Preferred $0 $0 0.0%
All Other $0 $0 0.0%
Corporate Stocks $0 $0 0.0%
Preferred $0 $0 0.0%
Common $0 $0 0.0%
Partnership/joint venture interests $0 $0 0.0%
Real estate (other than employer real property) $0 $0 0.0%
Loans (other than to participants) $0 $0 0.0%
Participants Loans $32,250,479 $34,008,018 -5.17%
Value of interest in common/collective trusts $407,345,404 $473,212,543 -13.92%
Value of interest in pooled separate accounts $0 $0 0.0%
Value of interest in master trust investment accounts $0 $0 0.0%
Value of interest in 103-12 investment entities $0 $0 0.0%
Value of interest in registered investment companies $1,197,529,818 $1,383,939,484 -13.47%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $206,591,719 $192,324,215 7.42%
Employer-related Investments $0 $0 0.0%
Employer Securities $0 $0 0.0%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $658,275 $1,690,180 -61.05%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $364,701 $535,776 -31.93%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $293,574 $1,154,404 -74.57%
Net Assets $1,861,035,820 $2,094,940,943 -11.17%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • American Funds Group
  • Vanguard
  • T.Rowe Price
  • Dodge and Cox
  • Loomis
  • Wellington
  • Alight Financial Solutions, LLC

Other Service Providers Receiving Direct or Indirect Compensation

Name Nature of Service Relationship to Plan Sponsor Direct Compensation Paid by Plan Indirect Compensation Paid by Plan Total Compensation
Alight Solutions LLC Recordkeeping and information management (computing, tabulating, data processing, etc.), Shareholder servicing fees NONE $1,011,846 $0 $1,011,846
Northern Trust Trustee (bank, trust company, or similar financial institution), Investment management, Direct payment from the plan, Float revenue, Other fees Trustee $194,200 $0 $194,200
Mercer Investment Consulting Investment advisory (plan), Direct payment from the plan NONE $92,232 $0 $92,232
Aon Consulting Inc Actuarial, Consulting (general), Direct payment from the plan NONE $58,311 $0 $58,311
KPMG LLP Accounting (including auditing), Direct payment from the plan NONE $55,000 $0 $55,000
Ballard Spahr Legal, Direct payment from the plan NONE $13,067 $0 $13,067
Total $1,424,656 $0 $1,424,656

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Alight Solutions LLC Dodge & Cox International Stock Shareholder servicing fees 0.10% of Assets Annually $0
Alight Solutions LLC T. Rowe Price Equity Income Shareholder servicing fees 0.15% of Assets Annually $0
*As outlined by the Form 5500 Instructions for service providers with indirect compensation.

Service Providers Who Fail or Refuse to Provide Information

There are no service providers who failed or refused to provide information.

Termination Information on Accountants and Enrolled Actuaries

There is no termination information for this plan.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Barclays's Life Path 2030 Fund Blackrock, Inc. DFE: Common/Collective Trust $154,777,072
Barclays's Life Path 2020 Fund Blackrock, Inc. DFE: Common/Collective Trust $76,586,571
Barclays's Life Path 2040 Fund Blackrock, Inc. DFE: Common/Collective Trust $72,382,790
Barclays Life Path Retirement Fund Blackrock, Inc. DFE: Common/Collective Trust $29,559,712
Blackrock Life Path Index 2025 Fund Blackrock, Inc. DFE: Common/Collective Trust $22,436,215
Blackrock Life Path 2050 Fund Blackrock, Inc. DFE: Common/Collective Trust $18,413,354
Blackrock Life Path Index 2035 Fund Blackrock, Inc. DFE: Common/Collective Trust $14,341,062
Blackrock Life Path Index 2045 Fund Blackrock, Inc. DFE: Common/Collective Trust $9,261,341
Blackrock Life Path Index 2055 Fund Blackrock, Inc. DFE: Common/Collective Trust $6,315,152
Blackrock Life Path Index 2060 Fund Blackrock, Inc. DFE: Common/Collective Trust $3,272,135
Total $407,345,404

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
The Prudential Insurance Company of America 0
EIN 22-1211670
Industry Code 68241
Contract Number 062408
Contract Year 01/01/2018 — 12/31/2018
Value in General Account at Year End $37,278,578
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $0
Persons Receiving Commissions and Fees There are no brokers listed for this plan.
Allocated Funds
Type of Contract Unspecified
Basis of premium rates
Premiums paid to carrier $0
Premiums due but unpaid at the end of the year $0
If the carrier, service, or other organization incurred any specific costs in connection with the acquisition or retention of the contract or policy, enter amount $0
Specify the nature of the costs
Unallocated Funds
Type of Contract Unspecified
Balance at the end of the previous year $37,582,223
Additions $2,496,355
Contributions Deposited during the year $1,520,000
Dividends and credits $0
Interest credited during the year $976,355
Transferred from separate account $0
Other $0
Total of Balance and Additions $40,078,578
Deductions $2,800,000
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $2,800,000
Balance at the end of the current year $37,278,578
Nationwide Life Insurance Company 0
EIN 31-4156830
Industry Code 66869
Contract Number GAL_RIC_IP_1214
Contract Year 01/01/2018 — 12/31/2018
Value in General Account at Year End $30,530,865
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $0
Persons Receiving Commissions and Fees There are no brokers listed for this plan.
Allocated Funds
Type of Contract Unspecified
Basis of premium rates
Premiums paid to carrier $0
Premiums due but unpaid at the end of the year $0
If the carrier, service, or other organization incurred any specific costs in connection with the acquisition or retention of the contract or policy, enter amount $0
Specify the nature of the costs
Unallocated Funds
Type of Contract Unspecified
Balance at the end of the previous year $30,830,745
Additions $2,000,120
Contributions Deposited during the year $1,250,000
Dividends and credits $0
Interest credited during the year $750,120
Transferred from separate account $0
Other $0
Total of Balance and Additions $32,830,865
Deductions $2,300,000
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $2,300,000
Balance at the end of the current year $30,530,865
State Street Bank & Trust Company 0
EIN 04-1867554
Industry Code 52391
Contract Number 108010
Contract Year 01/01/2018 — 12/31/2018
Value in General Account at Year End $42,352,809
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $0
Persons Receiving Commissions and Fees There are no brokers listed for this plan.
Allocated Funds
Type of Contract Unspecified
Basis of premium rates
Premiums paid to carrier $0
Premiums due but unpaid at the end of the year $0
If the carrier, service, or other organization incurred any specific costs in connection with the acquisition or retention of the contract or policy, enter amount $0
Specify the nature of the costs
Unallocated Funds
Type of Contract Unspecified
Balance at the end of the previous year $41,519,452
Additions $3,933,357
Contributions Deposited during the year $2,780,000
Dividends and credits $0
Interest credited during the year $1,153,357
Transferred from separate account $0
Other $0
Total of Balance and Additions $45,452,809
Deductions $3,100,000
Disbursed from fund to pay benefits or purchase annuities during the year $3,100,000
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $42,352,809
Voya Financial 0
EIN 71-0294708
Industry Code 86509
Contract Number 060304
Contract Year 01/01/2018 — 12/31/2018
Value in General Account at Year End $22,785,386
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $0
Persons Receiving Commissions and Fees There are no brokers listed for this plan.
Allocated Funds
Type of Contract Unspecified
Basis of premium rates
Premiums paid to carrier $0
Premiums due but unpaid at the end of the year $0
If the carrier, service, or other organization incurred any specific costs in connection with the acquisition or retention of the contract or policy, enter amount $0
Specify the nature of the costs
Unallocated Funds
Type of Contract Unspecified
Balance at the end of the previous year $35,908,727
Additions $566,659
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $0
Transferred from separate account $0
Other $566,659
Total of Balance and Additions $36,475,386
Deductions $13,690,000
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $0
Transferred to Separate Account $11,000,000
Other $2,690,000
Balance at the end of the current year $22,785,386
Transamerica Premier Life Insurance Company 0
EIN 52-0419790
Industry Code 66281
Contract Number MDA01039TR
Contract Year 01/01/2018 — 12/31/2018
Value in General Account at Year End $42,412,606
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $0
Persons Receiving Commissions and Fees There are no brokers listed for this plan.
Allocated Funds
Type of Contract Unspecified
Basis of premium rates
Premiums paid to carrier $0
Premiums due but unpaid at the end of the year $0
If the carrier, service, or other organization incurred any specific costs in connection with the acquisition or retention of the contract or policy, enter amount $0
Specify the nature of the costs
Unallocated Funds
Type of Contract Unspecified
Balance at the end of the previous year $42,830,385
Additions $2,792,221
Contributions Deposited during the year $1,740,000
Dividends and credits $0
Interest credited during the year $1,052,221
Transferred from separate account $0
Other $0
Total of Balance and Additions $45,622,606
Deductions $3,210,000
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $3,210,000
Balance at the end of the current year $42,412,606