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FORM 5500 DATA

UGI Utilities, Inc. Savings Plan

Overview

Plan Information

  • Plan Year01/01/2014 — 12/31/2014
  • Date of Plan01/01/1985
  • Net Assets as of 12/31/2014 $229,295,886
  • Plan Number8
  • Plan Type Single Employer
  • Is the plan collectively bargained?Yes
  • Did the plan file for an extension of time or the DFVC Program?Yes
  • Plan Funding Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2014

  • Active (Eligible) Participants1,837
  • Retired or separated participants receiving benefits9
  • Other retired or separated participants entitled to future benefits257
  • Subtotal2,103
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits4
  • Total2,107
  • Total number of participants as of 01/01/20141,997
  • Number of participants with account balances1,793
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested28

Expenses

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

Sponsor Information

  • AddressP. O. Box 12677 Suite 360
  • CityReading
  • StatePA
  • Zip19612
  • Telephone(610) 796-3400
  • EIN23-1174060
  • Industry Code221210
  • Named AdministratorKaren Heisler

Audit Information

  • Audit StatusAudited
  • AuditorMorison Cogen LLP
  • Auditor EIN23-1406493
  • Audit OpinionUnqualified
  • Audit Type Full 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.
2R Brokerage Window Participant-directed brokerage accounts provided as an investment option under the plan.
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 $50,000,000
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? No
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 $38,990,254
Contributions $13,862,030
Cash Contributions $13,862,030
Cash from Employers $3,295,787
Cash from Participants $9,014,076
Others (including rollovers) $1,552,167
Noncash Contributions $0
Total Earnings on Investments $25,128,224
Total Interest $164,398
Interest-Bearing Cash $4,852
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $159,546
Interest from Other Investments $0
Total Dividends $5,151,387
Preferred Stock $0
Common Stock $847,910
Rents $0
Net gain (loss) on sale of assets $453,862
Aggregate Proceeds $2,206,499
Aggregate Carrying Amount $1,752,637
Total Unrealized Appreciation (depreciation) of assets $10,079,814
Real Estate $0
Other $10,079,814
Net investment gain (loss) from common/collective trusts $3,701,095
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 $5,577,668
Other Income $0
Expenses $11,233,611
Total Benefit Payments $11,134,691
Directly to participants or beneficiaries, including direct rollovers $11,134,691
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $7,900
Certain deemed distributions of participant loans $8,590
Interest expense $0
Total Administrative Expenses $82,430
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $82,430
Net Income $27,756,643
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $347,938

Asset and Liability Statement

12/31/2014 12/31/2013 Change YOY
Total Assets $229,311,816 $201,422,176 13.85%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $716,603 $628,348 14.05%
Employer Contributions $128,346 $111,196 15.42%
Participant Contributions $360,619 $329,228 9.53%
Other Contributions $227,638 $187,924 21.13%
General Investments $0 $0 0.0%
Interest-bearing cash $0 $0 0.0%
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 $3,606,288 $3,892,658 -7.36%
Value of interest in common/collective trusts $67,691,942 $61,036,765 10.90%
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 $107,932,254 $100,448,074 7.45%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $8,182,150 $6,879,778 18.93%
Employer-related Investments $41,182,579 $28,536,553 44.32%
Employer Securities $41,182,579 $28,536,553 44.32%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $15,930 $15,415 3.34%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $0 $0 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $15,930 $15,415 3.34%
Net Assets $229,295,886 $201,406,761 13.85%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Fidelity Investments Institutional

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
Fidelity Investments Institutional Participant loan processing, Sub-transfer agency fees, Recordkeeping fees, Account maintenance fees, Securities brokerage commissions and fees Recordkeeper $82,809 $0 $82,809
Total $82,809 $0 $82,809

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Fidelity Investments Institutional Eaton Vance Large Cap Value Cl C Sub-transfer agency fees $19.00 $0
Fidelity Investments Institutional Templeton Global Bond Class A Sub-transfer agency fees $16.00 $0
Fidelity Investments Institutional Templeton Frontier Markets Fund Cl Sub-transfer agency fees $16.00 $0
Fidelity Investments Institutional Cyclical Advantage Property Instl Sub-transfer agency fees $12.00 $0
Fidelity Investments Institutional Fairholme Fund Sub-transfer agency fees $8.00 $0
Fidelity Investments Institutional Keeley Small Cap Value Class A Sub-transfer agency fees $6.00 $0
Fidelity Investments Institutional Westcore Flexible Income Fund Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Wasatch Emerging India Fund Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional World Precious Minerals Fund Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Tocqueville Gold Fund Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional The Delafield Fund Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Sound Shore Fd Inc Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Laudus Internationalmarketmasters I Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Royce Microcap Investment Class Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Villere Balanced Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Pioneer Bond Class A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Pimco Commodity Real Return Cl D Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Perritt Microcap Opportunities Fd Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Neuberger Berman Genesis Trust Clas Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Matthews India Fund Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Matthews Asian Growth & Income Fund Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Matthews Pacific Tiger Fund Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Matthews Asia Dividend Fund Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Kinetics Paradigm Fund Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Jensen Quality Growth Fd Cl J Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional James Advantage Small Cap Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Harding Loevner Emerg Mrkts Port Ad Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Doubleline Core Fixed Income Fd Cl Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Direxion Monthly Natrl Resour Bull Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Direxion Monthly Nasdaq100Bull2X In Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Buffalo Mid Cap Fund Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Blackrock High Yieldbond Class A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Baron Small Cap Fd Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Baron Growth Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Tcw Total Return Bond Class N Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Tcw Emerging Markets Income Cl N Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Scout International Fund Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Pimco All Asset All Authority Cl D Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Oppenheimer Senior Floating Rate Cl Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Pfg Core Equity Fund Investor Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Pfg Explorer Fund Investor Class Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Mainstay High Yield Corp Class A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Jp Morgan Us Small Company Fund Cl Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Icon Energy Cl S Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Hennessy Gas Utilityinvestor Cl Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Goldman Sachs Strg Income Fund Cl A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Goldman Sachs Mid Cap Value Class A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Gabelli Gold Fund Claaa Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Federated Capital Income Cl A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Baron Real Estate Fund Retail Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Baron Partners Fund Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Artisan Global Value Fd Invt Shares Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional American Beacon Large Cap Investor Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional American Beacon Intl Equity Investo Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Edgewood Growth Fund Retail Class Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Amg Yacktman Focused Service Cl Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Invesco Gold & Precious Metals Inv Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Permanent Portfolio Sub-transfer agency fees 0.38% $0
Fidelity Investments Institutional Pimco Total Return Class D Sub-transfer agency fees 0.38% $0
Fidelity Investments Institutional Metropolitan West Tot Return Bond C Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Loomis Sayles Bond Retail Shares Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Janus Overseas Fund Class T Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Janus Global Life Sciences Fund Cl Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Janus Contrarian Fund Class T Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Intech Risk Managed Core Fund Class Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Oakmark International Cl I Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Harbor Capital Appreciation Inv Cl Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Harbor Internationalinvestor Shares Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional American Century Midcap Value Inv S Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Deutsche Global Highincome Fd S Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Westcore Plus Bond Fund Sub-transfer agency fees 0.30% $0
Fidelity Investments Institutional Thompson Bond Fund Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Prudential Global Real Estate Class Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Dreyfus Greater China Cl C Sub-transfer agency fees 0.09% $0
Fidelity Investments Institutional Blackrock Mid Cap Growth Equity Svs Sub-transfer agency fees 0.08% $0
Fidelity Investments Institutional Aberdeen Us Equity Fund Class C Sub-transfer agency fees 0.08% $0
Fidelity Investments Institutional Aberdeen Global Nat Resources C Sub-transfer agency fees 0.08% $0
Fidelity Investments Institutional Rbc Small Cap Core F Und Instl Cl Sub-transfer agency fees 0.08% $0
Fidelity Investments Institutional Meridian Contrarian Fund Legacy Sub-transfer agency fees 0.06% $0
Fidelity Investments Institutional Lazard Us Corporate Income Port Ins Sub-transfer agency fees 0.05% $0
Fidelity Investments Institutional T Rowe Price Latin America Fund Sub-transfer agency fees 0.04% $0
Fidelity Investments Institutional T Rowe Price Cap Appreciation Sub-transfer agency fees 0.04% $0
Fidelity Investments Institutional Pimco Foreign Bond (Us Hedged) Cl Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Pim Total Rt Inst - Boston Financi Sub-transfer agency fees 0.03% $0
Fidelity Investments Institutional Royce Pa Mutual Inv - Boston Finan Sub-transfer agency fees 0.20% $0
Fidelity Investments Institutional Trp Equity Income - T. Rowe Price Sub-transfer agency fees 0.15% $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
Vanguard Target 2025 Vanguard Fiduciary Trust Co. DFE: Common/Collective Trust $15,585,348
Vanguard Ret Savings Vanguard Fiduciary Trust Co. DFE: Common/Collective Trust $13,782,422
Vanguard Target 2015 Vanguard Fiduciary Trust Co. DFE: Common/Collective Trust $10,660,981
Vanguard Target 2020 Vanguard Fiduciary Trust Co. DFE: Common/Collective Trust $7,708,177
Vanguard Target 2035 Vanguard Fiduciary Trust Co. DFE: Common/Collective Trust $6,667,235
Vanguard Target 2045 Vanguard Fiduciary Trust Co. DFE: Common/Collective Trust $4,221,973
Vanguard Target 2030 Vanguard Fiduciary Trust Co. DFE: Common/Collective Trust $3,048,819
Vanguard Target 2040 Vanguard Fiduciary Trust Co. DFE: Common/Collective Trust $1,861,301
Vanguard Target Ret Vanguard Fiduciary Trust Co. DFE: Common/Collective Trust $1,741,509
Vanguard Target 2050 Vanguard Fiduciary Trust Co. DFE: Common/Collective Trust $1,427,830
Vanguard Target 2010 Vanguard Fiduciary Trust Co. DFE: Common/Collective Trust $898,039
Vanguard Target 2055 Vanguard Fiduciary Trust Co. DFE: Common/Collective Trust $77,097
Vanguard Target 2060 Vanguard Fiduciary Trust Co. DFE: Common/Collective Trust $11,211
Total $67,691,942

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.