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Overview

Plan Information

  • Plan Year01/01/2014 — 12/31/2014
  • Date of Plan05/01/1985
  • Net Assets as of 12/31/2014 $1,233,037,719
  • Plan Number52
  • 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) Participants8,264
  • Retired or separated participants receiving benefits253
  • Other retired or separated participants entitled to future benefits3,800
  • Subtotal12,317
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits53
  • Total12,370
  • Total number of participants as of 01/01/201413,831
  • Number of participants with account balances11,388
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested693

Expenses

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

Sponsor Information

  • Address3097 Satellite Blvd
  • CityDuluth
  • StateGA
  • Zip30096
  • Telephone(937) 445-5000
  • EIN31-0387920
  • Industry Code334110
  • Named AdministratorBo Sawyer

Audit Information

  • Audit StatusAudited
  • AuditorCarr, Riggs & Ingram LLC
  • Auditor EIN72-1396621
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
2D Offset plan Plan benefits are subject to offset for retirement benefits provided in another plan or arrangement of the employer.
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.
3H Controlled Group Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).
3J Puerto Rico Plan U.S.-based plan that covers residents of Puerto Rico and is qualified under both Code section 401 and section 8565 of the Puerto Rico Code.

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? Yes $54,082
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 $30,000,000
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? Yes
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? Yes

Financials

Income and Expense Statement

Income $137,202,388
Contributions $68,760,258
Cash Contributions $68,760,258
Cash from Employers $15,867,846
Cash from Participants $52,892,412
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $68,442,130
Total Interest $519,150
Interest-Bearing Cash $636
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $518,514
Interest from Other Investments $0
Total Dividends $2,161,548
Preferred Stock $0
Common Stock $2,161,548
Rents $0
Net gain (loss) on sale of assets $0
Aggregate Proceeds $0
Aggregate Carrying Amount $0
Total Unrealized Appreciation (depreciation) of assets $7,609,868
Real Estate $0
Other $7,609,868
Net investment gain (loss) from common/collective trusts $58,081,010
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 $70,554
Other Income $0
Expenses $129,150,048
Total Benefit Payments $126,155,035
Directly to participants or beneficiaries, including direct rollovers $126,155,035
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 $2,995,013
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $2,995,013
Net Income $8,052,340
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 $1,234,318,933 $1,167,181,889 5.75%
Total noninterest-bearing cash $4,435 $0 0.0%
Receivables $16,116,988 $1,694,844 850.94%
Employer Contributions $15,636,460 $0 0.0%
Participant Contributions $360 $945,617 -99.96%
Other Contributions $480,168 $749,227 -35.91%
General Investments $50,598,462 $49,129,502 2.99%
Interest-bearing cash $50,598,462 $49,129,502 2.99%
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 $115,962,141 $123,556,596 -6.15%
Preferred $0 $0 0.0%
Common $115,962,141 $123,556,596 -6.15%
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 $12,834,486 $12,388,043 3.60%
Value of interest in common/collective trusts $1,038,802,421 $980,412,904 5.96%
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 $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 $1,281,214 $853,756 50.07%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $485,643 $654,063 -25.75%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $795,571 $199,693 298.40%
Net Assets $1,233,037,719 $1,166,328,133 5.72%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • J.P. Morgan Inv. Mgt. Inc.
  • Fid Cash Reserve

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 Inv Ins Operation Company Recordkeeping and information management (computing, tabulating, data processing, etc.), Direct payment from the plan Recordkeeper $945,389 $0 $945,389
Blackrock International Limited Investment management, Direct payment from the plan, Investment management fees paid directly by plan NONE $554,699 $0 $554,699
Pyramis Global Investors Investment management, Direct payment from the plan, Investment management fees paid directly by plan NONE $458,941 $0 $458,941
Montag and Caldwell Inc. Investment management, Direct payment from the plan, Investment management fees paid directly by plan NONE $219,725 $0 $219,725
Lsv Capital Management Investment management, Direct payment from the plan, Investment management fees paid directly by plan NONE $208,436 $0 $208,436
Axiom International Investors LLC Investment management, Direct payment from the plan, Investment management fees paid directly by plan NONE $188,433 $0 $188,433
Brc Investment Mgt LLC Investment management, Direct payment from the plan, Investment management fees paid directly by plan NONE $185,040 $0 $185,040
Fidelity Management Trust Company Custodial (securities), Trustee (bank, trust company, or similar financial institution), Direct payment from the plan NONE $107,441 $0 $107,441
Northern Trust Investments Na Investment management, Direct payment from the plan, Investment management fees paid directly by plan NONE $75,450 $0 $75,450
Lockton Investment Advisors, LLC Consulting (general), Direct payment from the plan NONE $52,500 $0 $52,500
Total $2,996,054 $0 $2,996,054

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
Ntgi-Qm Coll Daily Aggregate Bond Northern Trust Investments, N.A. DFE: Common/Collective Trust $159,210,966
Ntgi-Qm Coll Daily S&P 500 Equity Northern Trust Investments, N.A. DFE: Common/Collective Trust $149,405,655
Lifepath Idx 2025 Non-Lendable Fund Blackrock International Limited DFE: Common/Collective Trust $123,753,013
Lifepath Idx 2020 Non-Lendable Fund Blackrock International Limited DFE: Common/Collective Trust $101,398,210
Lifepath Idx 2030 Non-Lendable Fund Blackrock International Limited DFE: Common/Collective Trust $96,243,017
Lifepath Idx 2035 Non-Lendable Fund Blackrock International Limited DFE: Common/Collective Trust $78,970,199
Ntgi-Qm Coll Daily Russell 2000 Northern Trust Investments, N.A. DFE: Common/Collective Trust $70,970,535
Pyramis Select Int Equity Fund Pyramis Group Trust for Benefit Pl DFE: Common/Collective Trust $61,735,767
Lifepath Index Retirement Blackrock International Limited DFE: Common/Collective Trust $53,996,374
Lifepath Idx 2040 Non-Lendable Fund Blackrock International Limited DFE: Common/Collective Trust $46,263,827
Ntgi-Qm Coll Daily Eafe Index Fund Northern Trust Investments, N.A. DFE: Common/Collective Trust $31,269,700
Pyramis Small/Mid Cap Core Fund Pyramis Group Trust for Benefit Pl DFE: Common/Collective Trust $26,303,063
Lifepath Idx 2045 Non-Lendable Fund Blackrock International Limited DFE: Common/Collective Trust $21,375,255
Lifepath Idx 2050 Non-Lendable Fund Blackrock International Limited DFE: Common/Collective Trust $17,042,006
Lifepath Idx 2055 Non-Lendable Fund Blackrock International Limited DFE: Common/Collective Trust $864,834
Total $1,038,802,421

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.