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Overview

Plan Information

  • Plan Year01/01/2018 — 12/31/2018
  • Date of Plan01/01/2010
  • Net Assets as of 12/31/2018 $2,384,936,642
  • Plan Number2
  • Plan Type Multiple 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 12/31/2018

  • Active (Eligible) Participants32,643
  • Retired or separated participants receiving benefits253
  • Other retired or separated participants entitled to future benefits10,107
  • Subtotal43,003
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits155
  • Total43,158
  • Total number of participants as of 01/01/201841,506
  • Number of participants with account balances38,734
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested809

Expenses

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

Sponsor Information

  • Address900 Ashwood Parkway Ste. 700
  • CityAtlanta
  • StateGA
  • Zip30338
  • Telephone(770) 522-5600
  • EIN95-3298140
  • Industry Code212320
  • Named AdministratorPaul Glauser

Audit Information

  • Audit StatusAudited
  • AuditorCrowe LLP
  • Auditor EIN35-0921680
  • 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.
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.
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 $15,000,000
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? Yes $2,523
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 $107,781,308
Contributions $268,162,021
Cash Contributions $268,162,021
Cash from Employers $130,361,946
Cash from Participants $108,380,231
Others (including rollovers) $29,419,844
Noncash Contributions $0
Total Earnings on Investments $-160,380,713
Total Interest $1,734,423
Interest-Bearing Cash $45,889
U.S. Government Securities $0
Corporate Debt Instruments $1,661
Loans (other than to participants) $0
Participant Loans $1,686,873
Interest from Other Investments $0
Total Dividends $45,711,048
Preferred Stock $2,992
Common Stock $940,956
Rents $0
Net gain (loss) on sale of assets $-148,439
Aggregate Proceeds $19,273,959
Aggregate Carrying Amount $19,422,398
Total Unrealized Appreciation (depreciation) of assets $-12,156,820
Real Estate $0
Other $-12,156,820
Net investment gain (loss) from common/collective trusts $-99,219,872
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 $-96,301,053
Other Income $0
Expenses $352,523,062
Total Benefit Payments $351,961,281
Directly to participants or beneficiaries, including direct rollovers $351,961,281
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $383,205
Interest expense $0
Total Administrative Expenses $178,576
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $178,576
Net Income $-244,741,754
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 $2,384,955,018 $2,600,453,555 -8.29%
Total noninterest-bearing cash $7,435 $0 0.0%
Receivables $13,749 $181,376 -92.42%
Employer Contributions $4,579 $0 0.0%
Participant Contributions $9,170 $0 0.0%
Other Contributions $0 $181,376 -100.00%
General Investments $4,572,672 $2,389,170 91.39%
Interest-bearing cash $4,472,856 $2,389,170 87.21%
U.S. Government Securities $99,816 $0 0.0%
Corporate Debt Instruments $16,887 $17,630 -4.21%
Preferred $0 $0 0.0%
All Other $16,887 $17,630 -4.21%
Corporate Stocks $6,427,833 $7,608,330 -15.52%
Preferred $63,857 $397 15984.89%
Common $6,363,976 $7,607,933 -16.35%
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 $37,097,885 $37,173,911 -0.20%
Value of interest in common/collective trusts $1,634,350,402 $1,707,504,621 -4.28%
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 $674,885,646 $806,807,752 -16.35%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $17,566 $10,858 61.78%
Employer-related Investments $27,564,943 $38,759,907 -28.88%
Employer Securities $27,564,943 $38,759,907 -28.88%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $18,376 $38,772 -52.60%
Benefit Claims Payable (1) $17,035 $37,430 -54.49%
Operating Payables (1) $1,283 $1,282 0.08%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $58 $60 -3.33%
Net Assets $2,384,936,642 $2,600,414,783 -8.29%

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 $198,659 $0 $198,659
Total $198,659 $0 $198,659

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Fidelity Investments Institutional Crln E Mid Cap Gr I - U.S. Bancorp Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Dh Small Mid Cap I - Diamond Hill Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Harbor Cap App Inst - Harbor Servi Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Harbor Intl Inst - Harbor Services Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Mfs Value R4 - Mfs Service Center Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Wf Stable Value Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Dreyfus Small Cap Stock Index Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Gotham Index Plus Fund Instl Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Jackson Square Smid Cap Growth Fd Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Matthews Asia Dividend Fund Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Morgan Stanley Instlinterntl Opp C Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Astor Dynamic Allocation Cl I Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Pimco Short Term Class A Sub-transfer agency fees 0.38% $0
Fidelity Investments Institutional Timothy Large/Mid Growth Cl C Sub-transfer agency fees 0.08% $0
Fidelity Investments Institutional American Fundamentalinvestors Clas Sub-transfer agency fees $18.00 $0
Fidelity Investments Institutional Europac Intl Value Fund Class A Sub-transfer agency fees 0.08% $0
Fidelity Investments Institutional Europac Gold Fund Class A Sub-transfer agency fees 0.08% $0
Fidelity Investments Institutional Timothy Plan Defensive Strat Cl A Sub-transfer agency fees 0.08% $0
Fidelity Investments Institutional American Investmnt Co of America C Sub-transfer agency fees $18.00 $0
Fidelity Investments Institutional Maingate Mlp Fund Cl I Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Mainstay Cushing Mlp Premier I Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Riskpro Alternative 0 15 Fund Cl R Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Riskpro Tactical 0 30 Fd Cl R Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Riskpro Pfg Global 30 Fd Cl R Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Pimco Income Fund Cl A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional T Rowe Price Blue Chip Growth Inc Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Timothy Plan Israel Common Values Sub-transfer agency fees 0.08% $0
Fidelity Investments Institutional Guggenheim Limited Duration Cl P Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Oakmark Equity & Income Investor C Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Hennessy Japan Smallcap Investor C Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Europac Internatnl Dividend Inc Cl Sub-transfer agency fees 0.08% $0
Fidelity Investments Institutional Riskpro Pfg Aggressive 30 Fd R Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Riskpro Pfg 30 Fund Cl R Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Oppenheimer Global Opportunities C Sub-transfer agency fees $16.50 $0
Fidelity Investments Institutional Primecap Odyssey Growth Fund Sub-transfer agency fees 0.08% $0
Fidelity Investments Institutional Thrivent Mid Cap Stock Fund Cl S Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Center Coast Brookfield Mlp Fc Y Sub-transfer agency fees 0.08% $0
Fidelity Investments Institutional Oakmark Intl Investor Cl Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Janus Henderson Global Technology Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Matthews Asia Growth Fund Inv Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Morgan Stanley Growth Portfolio A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Morgan Stanley Global Opportunity Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Riskpro Pfg 0 15 Fd Class R Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional American Funds Infltlinked Bond Cl Sub-transfer agency fees 0.37% $0
Fidelity Investments Institutional Artisan High Income Fund Investor Sub-transfer agency fees 0.39% $0
Fidelity Investments Institutional Doubleline Core Fixed Income Fd Cl Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Gotham Enhanced Return Fund Instl Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Riskpro Aggressive 30 Fund Cl R Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Riskpro Pfg Equity 30 Fund Cl R Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Riskpro Dynamic 20 30 Fund Cl R Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Stadion Tactical Defensive Cl I Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Touchstone Mid Cap Fund Cl Z Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Goldman Sachs Risingdividend Growt Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Riskpro Pfg Balanced 20 30 Cl R Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Riskpro Dynamic 15 25 Fund Cl R Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Timothy Plan Lrg/Mid Cap Cl C Sub-transfer agency fees 0.08% $0
Fidelity Investments Institutional Virtus Kar Small Cap Growth Cl A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Wells Fargo Absolutereturn Admin C Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Blackrock Global Allocation Fd Ins Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Guggenheim Total Return Bond Cl P Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Hussman Strategic Growth Sub-transfer agency fees $12.00 $0
Fidelity Investments Institutional Ep Emerging Markets Small Companie Sub-transfer agency fees 0.08% $0
Fidelity Investments Institutional Riskpro 30 Fund Cl R Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Riskpro Dynamic 0 10Fund Cl R Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Pimco Total Return Class A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Akre Focus Fund Retail Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Shelton Nasdaq 100 Index Sub-transfer agency fees 0.12% $0
Fidelity Investments Institutional Wasatch Emerging India Fund Sub-transfer agency fees 0.40% $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
Fiam Blend Td 2025 Y Fiam Trust Company DFE: Common/Collective Trust $293,508,438
Fiam Blend Td 2030 Y Fiam Trust Company DFE: Common/Collective Trust $258,583,332
Fiam Blend Td 2035 Y Fiam Trust Company DFE: Common/Collective Trust $211,183,918
Fiam Blend Td 2020 Y Fiam Trust Company DFE: Common/Collective Trust $203,994,986
Mip II Cl 3 Fidelity Management Trust Company DFE: Common/Collective Trust $167,818,050
Fiam Blend Td 2040 Y Fiam Trust Company DFE: Common/Collective Trust $153,049,495
Fiam Blend Td 2045 Y Fiam Trust Company DFE: Common/Collective Trust $120,916,658
Fiam Blend Td 2050 Y Fiam Trust Company DFE: Common/Collective Trust $66,924,358
Fiam Blend Td 2015 Y Fiam Trust Company DFE: Common/Collective Trust $61,327,120
Fiam Blend Td 2055 Y Fiam Trust Company DFE: Common/Collective Trust $37,868,808
Ir & M Core Bond Cit Global Trust Co. DFE: Common/Collective Trust $21,289,193
Fiam Blend Td 2010 Y Fiam Trust Company DFE: Common/Collective Trust $16,005,224
Fiam Blend Td 2060 Y Fiam Trust Company DFE: Common/Collective Trust $11,877,623
Fiam Blend Td Inc Y Fiam Trust Company DFE: Common/Collective Trust $5,661,290
Fiam Blend Td 2005 Y Fiam Trust Company DFE: Common/Collective Trust $4,341,909
Wf Stable Value Wells Fargo Bank, N.A. DFE: Common/Collective Trust $0
Total $1,634,350,402

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.