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FORM 5500 DATA

Axcelis Technologies, Inc. Long-Term Investment Plan

Overview

Plan Information

  • Plan Year01/01/2017 — 12/31/2017
  • Date of Plan01/01/2001
  • Net Assets as of 12/31/2017 $153,590,075
  • Plan Number1
  • Plan Type Single 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 12/31/2017

  • Active (Eligible) Participants620
  • Retired or separated participants receiving benefits15
  • Other retired or separated participants entitled to future benefits333
  • Subtotal968
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total968
  • Total number of participants as of 01/01/2017947
  • Number of participants with account balances848
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested5

Expenses

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

Sponsor Information

  • Address108 Cherry Hill Drive
  • CityBeverly
  • StateMA
  • Zip01915-1053
  • Telephone(978) 787-4347
  • EIN34-1818596
  • Industry Code334410
  • Named AdministratorJill Frenette

Audit Information

  • Audit StatusAudited
  • AuditorErnst and Young LLP
  • Auditor EIN34-6565596
  • 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.
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 $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 $31,280,326
Contributions $7,326,444
Cash Contributions $7,326,444
Cash from Employers $1,280,369
Cash from Participants $4,870,740
Others (including rollovers) $1,175,335
Noncash Contributions $0
Total Earnings on Investments $23,565,940
Total Interest $50,084
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $50,084
Interest from Other Investments $0
Total Dividends $8,549,350
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 $276,917
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 $14,689,589
Other Income $387,942
Expenses $11,031,644
Total Benefit Payments $10,911,603
Directly to participants or beneficiaries, including direct rollovers $10,911,603
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 $120,041
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $120,041
Net Income $20,248,682
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2017 12/31/2016 Change YOY
Total Assets $153,590,075 $133,341,393 15.19%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $1,280,369 $478,007 167.86%
Employer Contributions $1,280,369 $478,007 167.86%
Participant Contributions $0 $0 0.0%
Other Contributions $0 $0 0.0%
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 $1,042,966 $1,204,951 -13.44%
Value of interest in common/collective trusts $14,545,458 $14,986,871 -2.95%
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 $134,182,339 $114,592,299 17.10%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $2,538,943 $2,079,265 22.11%
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 $0 0.0%
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 $0 0.0%
Net Assets $153,590,075 $133,341,393 15.19%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Great-West Life & Annuity Insurance
  • Td Ameritrade

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 Life & Annuity Insurance Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Direct payment from the plan, Recordkeeping fees NONE $120,041 $0 $120,041
Total $120,041 $0 $120,041

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Td Ameritrade Vanguard Specialized Funds Shareholder servicing fees Range From 0-100 Bps $0
Td Ameritrade Vanguard Star Funds Shareholder servicing fees Range From 0-100 Bps $0
Td Ameritrade Hennessy Funds Trust Shareholder servicing fees Range From 0-100 Bps $0
Td Ameritrade American Beacon Funds Shareholder servicing fees Range From 0-100 Bps $0
Td Ameritrade Vanguard Bond Index Funds Shareholder servicing fees Range From 0-100 Bps $0
Td Ameritrade Vanguard International Equity Index Shareholder servicing fees Range From 0-100 Bps $0
Td Ameritrade Mfs Series Trust VI Shareholder servicing fees Range From 0-100 Bps $0
Td Ameritrade Fidelity Commonwealth Trust II Shareholder servicing fees Range From 0-100 Bps $0
Td Ameritrade Oppenheimer International Bond Fund Shareholder servicing fees Range From 0-100 Bps $0
Td Ameritrade Vanguard Index Funds Shareholder servicing fees Range From 0-100 Bps $0
Td Ameritrade Wasatch Funds Trust Shareholder servicing fees Range From 0-100 Bps $0
Td Ameritrade Profunds Shareholder servicing fees Range From 0-100 Bps $0
Td Ameritrade Vanguard World Fund Shareholder servicing fees Range From 0-100 Bps $0
Td Ameritrade T Rowe Price Health Sciences Fund I Shareholder servicing fees Range From 0-100 Bps $0
Td Ameritrade Glenmede Fund Inc Shareholder servicing fees Range From 0-100 Bps $0
Td Ameritrade Fidelity Financial Trust Shareholder servicing fees Range From 0-100 Bps $0
Td Ameritrade Mfs Series Trust X Shareholder servicing fees Range From 0-100 Bps $0
Td Ameritrade Direxion Funds Shareholder servicing fees Range From 0-100 Bps $0
Td Ameritrade Fidelity Contrafund Shareholder servicing fees Range From 0-100 Bps $0
Td Ameritrade Fidelity Select Portfolios Shareholder servicing fees Range From 0-100 Bps $0
Td Ameritrade Matthews International Funds Shareholder servicing fees Range From 0-100 Bps $0
Td Ameritrade Principal Funds Inc Shareholder servicing fees Range From 0-100 Bps $0
Td Ameritrade Vanguard Chester Funds Shareholder servicing fees Range From 0-100 Bps $0
Td Ameritrade T. Rowe Price Financial Servs Fund, Shareholder servicing fees Range From 0-100 Bps $0
Td Ameritrade Prudential Jennison Natural Resourc Shareholder servicing fees Range From 0-100 Bps $0
Td Ameritrade Janus Investment Fund Shareholder servicing fees Range From 0-100 Bps $0
Td Ameritrade Tocqueville Trust Shareholder servicing fees Range From 0-100 Bps $0
Td Ameritrade Vanguard Fixed Income Securities Fu Shareholder servicing fees Range From 0-100 Bps $0
Td Ameritrade Franklin Gold & Precious Metals Fun Shareholder servicing fees Range From 0-100 Bps $0
Td Ameritrade American Century Quantitative Eq Fd Shareholder servicing fees Range From 0-100 Bps $0
Td Ameritrade Gabelli Gold Fund, Inc Shareholder servicing fees Range From 0-100 Bps $0
Td Ameritrade Fidelity Concord Street Trust Shareholder servicing fees Range From 0-100 Bps $0
Td Ameritrade Vanguard Charlotte Funds Shareholder servicing fees Range From 0-100 Bps $0
Td Ameritrade Dodge & Cox Funds Shareholder servicing fees Range From 0-100 Bps $0
Td Ameritrade Oppenheimer Developing Markets Fund Shareholder servicing fees Range From 0-100 Bps $0
Td Ameritrade Rydex Series Funds Shareholder servicing fees Range From 0-100 Bps $0
Td Ameritrade Oppenheimer Steelpath Mlp Funds Tru Shareholder servicing fees Range From 0-100 Bps $0
Td Ameritrade Vanguard Whitehall Funds Shareholder servicing fees Range From 0-100 Bps $0
Td Ameritrade Pimco Funds Shareholder servicing fees Range From 0-100 Bps $0
Td Ameritrade Fidelity Puritan Trust Shareholder servicing fees Range From 0-100 Bps $0
Td Ameritrade Berkshire Funds Shareholder servicing fees Range From 0-100 Bps $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
Putnam Stable Value Fund Putname Fiduciary Trust Company DFE: Common/Collective Trust $14,545,458
Total $14,545,458

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.