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FORM 5500 DATA

Keolis America, Inc. 401k Savings Plan

Overview

Plan Information

  • Plan Year01/01/2018 — 12/31/2018
  • Date of Plan07/01/2017
  • Net Assets as of 12/31/2018 $147,761,929
  • Plan Number3
  • Plan Type Multiple Employer
  • Is the plan collectively bargained? No
  • 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) Participants3,996
  • Retired or separated participants receiving benefits7
  • Other retired or separated participants entitled to future benefits228
  • Subtotal4,231
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits5
  • Total4,236
  • Total number of participants as of 01/01/20184,064
  • Number of participants with account balances3,298
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested102

Expenses

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

Sponsor Information

  • Address470 Atlantic Avenue 5th Floor
  • CityBoston
  • StateMA
  • Zip02210
  • Telephone(857) 586-6169
  • EIN26-1413441
  • Industry Code485990
  • Named AdministratorCandace Tobin

Audit Information

  • Audit StatusAudited
  • AuditorCaron & Bletzer PLLC
  • Auditor EIN04-3499945
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope 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.
3D Master plan A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
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? Yes $11,235
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 $1,000,000
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 $9,568,344
Contributions $17,532,862
Cash Contributions $17,532,862
Cash from Employers $2,695,768
Cash from Participants $13,460,821
Others (including rollovers) $1,376,273
Noncash Contributions $0
Total Earnings on Investments $-7,964,518
Total Interest $336,260
Interest-Bearing Cash $14,360
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $321,900
Interest from Other Investments $0
Total Dividends $7,190,931
Preferred Stock $0
Common Stock $28,772
Rents $0
Net gain (loss) on sale of assets $-90,256
Aggregate Proceeds $1,520,254
Aggregate Carrying Amount $1,610,510
Total Unrealized Appreciation (depreciation) of assets $-257,460
Real Estate $0
Other $-257,460
Net investment gain (loss) from common/collective trusts $46,461
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 $-15,190,454
Other Income $0
Expenses $10,319,245
Total Benefit Payments $9,810,304
Directly to participants or beneficiaries, including direct rollovers $9,810,304
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $111,914
Interest expense $0
Total Administrative Expenses $397,027
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $397,027
Net Income $-750,901
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 $147,761,929 $148,512,929 -0.51%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $0 $63,950 -100.00%
Employer Contributions $0 $3,136 -100.00%
Participant Contributions $0 $60,814 -100.00%
Other Contributions $0 $0 0.0%
General Investments $985,282 $956,721 2.99%
Interest-bearing cash $985,282 $956,721 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 $1,015,295 $1,317,616 -22.94%
Preferred $0 $0 0.0%
Common $1,015,295 $1,317,616 -22.94%
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 $7,763,972 $6,425,500 20.83%
Value of interest in common/collective trusts $10,031,966 $10,618,271 -5.52%
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 $127,965,414 $129,130,871 -0.90%
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 $0 $99 -100.00%
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) $0 $99 -100.00%
Net Assets $147,761,929 $148,512,830 -0.51%

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 $326,770 $0 $326,770
Total $326,770 $0 $326,770

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Fidelity Investments Institutional American Beacon Large Cap Investor Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Loomis Sayles Bond Retail Shares Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional T Rowe Price Global Stock Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Aberdeen Dynamic Dividend Instl Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Baron Discovery Fundretail Shares Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Hotchkis & Wiley Large Cap Value C Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Parnassus Endeavor Fund Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional T Rowe Price Global Technology Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional T Rowe Price Blue Chip Growth Inc Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional T Rowe Price New America Growth Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Amana Mutual Fund Trust Income Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional First Eagle Global Class C Sub-transfer agency fees 0.09% $0
Fidelity Investments Institutional T Rowe Price Emerging Europe Fund Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Crm Mid Cap Value Investor Shares Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Baron Asset Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Jacob Internet Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Janus Henderson Contrarian T Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional T Rowe Price Dividend Growth Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional T Rowe Price New Asia Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Virtus Rampart Eq Trend Class C Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Brown Advisory Grwth Equity Invest Sub-transfer agency fees 0.08% $0
Fidelity Investments Institutional Oakmark Intl Investor Cl Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Morgan Stanley Global Opportunity Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Permanent Portfolio Sub-transfer agency fees 0.38% $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
Mip Cl 1 Fidelity Management Trust Company DFE: Common/Collective Trust $10,031,966
Total $10,031,966

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.