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FORM 5500 DATA

H.J. Heinz Company Employees Retirement and Savings Plan

Overview

Plan Information

  • Plan Year01/01/2014 — 12/31/2014
  • Date of Plan06/12/1974
  • Net Assets as of 12/31/2014 $471,894,085
  • Plan Number9
  • Plan Type Single Employer
  • Is the plan collectively bargained? No
  • Did the plan file for an extension of time or the DFVC Program?Yes
  • Report Description This is an amended report.
  • Plan Funding Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2014

  • Active (Eligible) Participants1,340
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits1,949
  • Subtotal3,289
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits3
  • Total3,292
  • Total number of participants as of 01/01/20143,734
  • Number of participants with account balances3,289
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested107

Expenses

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

Sponsor Information

  • AddressPo Box 57
  • CityPittsburgh
  • StatePA
  • Zip15230
  • Telephone(412) 456-6113
  • EIN25-0542520
  • Industry Code311400
  • Named AdministratorSteve Crucitt
  • Named Plan SponsorSteve Crucitt

Plan Administrator Information

  • Administrator NameEmployee Benefits Admin. Board
  • AddressPo Box 57
  • CityPittsburgh
  • StatePA
  • Zip15230
  • Telephone(412) 456-6113
  • Administrator EIN22-3526521

Audit Information

  • Audit StatusAudited
  • AuditorSchneider Downs & Co., Inc.
  • Auditor EIN25-1408703
  • 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.
2H Partial participant-directed account plan Participants have the opportunity to direct the investment of a portion of 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 $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? 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 $50,725,026
Contributions $17,536,794
Cash Contributions $17,536,794
Cash from Employers $6,594,477
Cash from Participants $10,942,317
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $33,188,232
Total Interest $0
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $0
Interest from Other Investments $0
Total Dividends $0
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 $0
Net investment gain (loss) from pooled separate accounts $0
Net investment gain (loss) from master trust investment accounts $33,188,232
Net investment gain (loss) from 103-12 investment entities $0
Net investment gain (loss) from registered investment companies $0
Other Income $0
Expenses $148,948,878
Total Benefit Payments $148,503,213
Directly to participants or beneficiaries, including direct rollovers $148,503,213
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $445,665
Professional Fees $38,989
Contract Administrator Fees $217,372
Investment Advisory and management fees $0
Other Administrative Fees $189,304
Net Income $-98,223,852
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $1,127,000

Asset and Liability Statement

12/31/2014 12/31/2013 Change YOY
Total Assets $471,963,186 $571,393,861 -17.40%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $3,789,049 $10,431,520 -63.68%
Employer Contributions $3,788,994 $10,431,513 -63.68%
Participant Contributions $0 $0 0.0%
Other Contributions $55 $7 685.71%
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 $2,367,953 $3,205,612 -26.13%
Value of interest in common/collective trusts $447,560 $1,933,466 -76.85%
Value of interest in pooled separate accounts $0 $0 0.0%
Value of interest in master trust investment accounts $465,358,624 $555,823,263 -16.28%
Value of interest in 103-12 investment entities $0 $0 0.0%
Value of interest in registered investment companies $0 $0 0.0%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $0 $0 0.0%
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 $69,101 $148,924 -53.60%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $69,101 $48,924 41.24%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $100,000 0.0%
Net Assets $471,894,085 $571,244,937 -17.39%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

There is no information on eligible indirect compensation for this plan.

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
Xerox Corporation Contract Administrator, Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant communication NONE $217,372 $145,330 $362,702
The Bank of New York Mellon Custodial (securities), Trustee (bank, trust company, or similar financial institution), Named fiduciary NONE $107,339 $0 $107,339
Ernst & Young Consulting (general) MONE $58,184 $0 $58,184
Buck Consultants Consulting (general), Participant communication NONE $23,444 $0 $23,444
Ivins Phillips & Barker Legal NONE $20,989 $0 $20,989
Bdo USA, LLP Accounting (including auditing) NONE $18,000 $0 $18,000
Total $445,328 $145,330 $590,658

Indirect Compensation

There are no service providers with indirect compensation listed for this plan.

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
Wellington Fund H.J. Heinz Company DFE: Master Trust Investment Account $138,940,964
Institutional Index Fund H.J. Heinz Company DFE: Master Trust Investment Account $52,582,229
Windsor II Fund H.J. Heinz Company DFE: Master Trust Investment Account $41,112,376
Growth Fund of America H.J. Heinz Company DFE: Master Trust Investment Account $39,890,855
Retirement Government Money Market H.J. Heinz Company DFE: Master Trust Investment Account $30,948,791
Managed Income Portfolio H.J. Heinz Company DFE: Master Trust Investment Account $23,646,223
Explorer Fund H.J. Heinz Company DFE: Master Trust Investment Account $21,548,099
Lt Corporate Bond Fund H.J. Heinz Company DFE: Master Trust Investment Account $19,866,112
Vanguard International Growth Fund H.J. Heinz Company DFE: Master Trust Investment Account $18,604,965
Oppenheimer Developing Markets Fund H.J. Heinz Company DFE: Master Trust Investment Account $17,977,085
Intermediate Bond Fund H.J. Heinz Company DFE: Master Trust Investment Account $16,769,184
Lord Abbett Small Cap Value Fund H.J. Heinz Company DFE: Master Trust Investment Account $14,444,651
Vanguard Small Cap Value Fund H.J. Heinz Company DFE: Master Trust Investment Account $12,964,089
Harbor International Fund H.J. Heinz Company DFE: Master Trust Investment Account $10,308,517
Vanguard Developed Markets Index H.J. Heinz Company DFE: Master Trust Investment Account $5,754,484
Eb Temporary Investment Fund The Bank of New York Mellon DFE: Common/Collective Trust $447,560
Total $465,806,184

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.