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The TJX Companies, Inc. General Savings/Profit Sharing Plan


Plan Information

  • Plan Year01/01/2014 — 12/31/2014
  • Date of Plan02/12/1992
  • Net Assets as of 12/31/2014 $1,274,038,422
  • Plan Number4
  • 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 ArrangementInsurance Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2014

  • Active (Eligible) Participants73,375
  • Retired or separated participants receiving benefits2,997
  • Other retired or separated participants entitled to future benefits5,613
  • Subtotal81,985
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits123
  • Total82,108
  • Total number of participants as of 01/01/201462,995
  • Number of participants with account balances68,006
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested6,174


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

Sponsor Information

  • Address770 Cochituate Road
  • CityFramingham
  • StateMA
  • Zip01701
  • Telephone(508) 390-2306
  • EIN04-2207613
  • Industry Code448140
  • Named AdministratorDavid L Averill

Audit Information

  • Audit StatusAudited
  • AuditorPricewaterhousecoopers LLP
  • Auditor EIN13-4008324
  • 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.
2S Automatic Enrollment Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
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.

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 $10,000,000
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


Income and Expense Statement

Income $207,717,596
Contributions $122,477,232
Cash Contributions $122,477,232
Cash from Employers $30,636,542
Cash from Participants $88,041,677
Others (including rollovers) $3,799,013
Noncash Contributions $0
Total Earnings on Investments $84,216,467
Total Interest $1,854,396
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $1,089,632
Interest from Other Investments $764,764
Total Dividends $54,220,886
Preferred Stock $0
Common Stock $930,851
Rents $0
Net gain (loss) on sale of assets $5,182,402
Aggregate Proceeds $7,057,741
Aggregate Carrying Amount $1,875,339
Total Unrealized Appreciation (depreciation) of assets $1,145,315
Real Estate $0
Other $1,145,315
Net investment gain (loss) from common/collective trusts $2,389,821
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 $19,423,647
Other Income $1,023,897
Expenses $85,975,418
Total Benefit Payments $81,137,034
Directly to participants or beneficiaries, including direct rollovers $81,137,034
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $3,665,178
Certain deemed distributions of participant loans $55,397
Interest expense $0
Total Administrative Expenses $1,117,809
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $1,117,809
Net Income $121,742,178
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2014 12/31/2013 Change YOY
Total Assets $1,277,688,384 $1,139,921,474 12.09%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $6,826,357 $8,553,353 -20.19%
Employer Contributions $4,027,342 $6,251,664 -35.58%
Participant Contributions $2,799,015 $2,301,689 21.61%
Other Contributions $0 $0 0.0%
General Investments $10,687 $0 0.0%
Interest-bearing cash $10,687 $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 $35,781,848 $32,273,183 10.87%
Value of interest in common/collective trusts $140,564,484 $133,504,843 5.29%
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 $957,124,782 $833,587,329 14.82%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $43,884,857 $41,424,586 5.94%
Employer-related Investments $93,495,369 $90,578,180 3.22%
Employer Securities $93,495,369 $90,578,180 3.22%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $3,649,962 $1,445,717 152.47%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $244,367 $222,908 9.63%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $3,405,595 $1,222,809 178.51%
Net Assets $1,274,038,422 $1,138,475,757 11.91%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Great-West Financial Rps, LLC
  • Galliard Capital Management, Inc.

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
Great-West Financial Rps, LLC Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Direct payment from the plan, Recordkeeping fees NONE $1,381,490 $0 $1,381,490
J.P. Morgan Securities LLC Securities brokerage, Direct payment from the plan NONE $8,519 $0 $8,519
Jpmorgan Chase Bank Na Shareholder servicing fees NONE $0 $2,091 $2,091
Total $1,390,009 $2,091 $1,392,100

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Jpmorgan Chase Bank Na Jp Morgan Securities LLC Shareholder servicing fees Shareholder Servicing Fees $2,091
*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.



Name of Investment Investment Manager Type of Investment Dollar Value
Wells Fargo Fixed Income Fund F Galliard Capital Management, Inc. DFE: Common/Collective Trust $57,219,687
Wells Fargo Fixed Income Fund N Galliard Capital Management, Inc. DFE: Common/Collective Trust $29,431,489
Wells Fargo Stable Return Fund G Galliard Capital Management, Inc. DFE: Common/Collective Trust $18,743,862
Wells Fargo Fixed Income Fund L Galliard Capital Management, Inc. DFE: Common/Collective Trust $14,935,460
Wells Fargo Fixed Income Fund E Galliard Capital Management, Inc. DFE: Common/Collective Trust $13,539,770
Wells Fargo Short Term Inv Fund S Galliard Capital Management, Inc. DFE: Common/Collective Trust $6,694,216
Total $140,564,484

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Metropolitan Life Insurance Company 17,281
EIN 13-5581829
Industry Code 65978
Contract Number 32717
Contract Year 01/01/2014 — 12/31/2014
Value in General Account at Year End $0
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 Guaranteed Investment
Balance at the end of the previous year $41,408,490
Additions $2,446,332
Contributions Deposited during the year $1,000,000
Dividends and credits $0
Interest credited during the year $764,764
Transferred from separate account $0
Other $681,568
Total of Balance and Additions $43,854,822
Deductions $0
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 $0
Balance at the end of the current year $43,854,822