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Overview

Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan01/01/1989
  • Net Assets as of 12/31/2019 $1,720,145,866
  • Plan Number12
  • 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 12/31/2019

  • Active (Eligible) Participants13,449
  • Retired or separated participants receiving benefits510
  • Other retired or separated participants entitled to future benefits11,416
  • Subtotal25,375
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits61
  • Total25,436
  • Total number of participants as of 01/01/201933,825
  • Number of participants with account balances22,864
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested0

Expenses

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

Sponsor Information

  • Address6655 Peachtree Dunwoody Road
  • CityAtlanta
  • StateGA
  • Zip30328
  • Telephone(770) 418-7000
  • EIN36-1953130
  • Industry Code339900
  • Named AdministratorBeth Moore

Plan Administrator Information

  • Administrator NameU.S Benefits Administration Committee
  • Address6655 Peachtree Dunwoody Road
  • CityAtlanta
  • StateGA
  • Zip30328
  • Telephone(770) 418-7000
  • Administrator EIN36-1953130

Audit Information

  • Audit StatusAudited
  • AuditorBkd LLP
  • Auditor EIN44-0160260
  • 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.
2O ESOP other than a leveraged ESOP An Employee Stock Ownership Plan (ESOP) is a type of employee benefit plan designed to invest primarily in employer stock.
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.
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? 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 $20,000,000
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 $8,823
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 $414,782,685
Contributions $94,486,264
Cash Contributions $94,486,264
Cash from Employers $35,379,397
Cash from Participants $52,941,667
Others (including rollovers) $6,165,200
Noncash Contributions $0
Total Earnings on Investments $311,687,191
Total Interest $1,534,859
Interest-Bearing Cash $116,411
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $1,418,448
Interest from Other Investments $0
Total Dividends $5,477,435
Preferred Stock $146
Common Stock $1,249,633
Rents $0
Net gain (loss) on sale of assets $648,810
Aggregate Proceeds $18,083,257
Aggregate Carrying Amount $17,434,447
Total Unrealized Appreciation (depreciation) of assets $2,256,494
Real Estate $0
Other $2,256,494
Net investment gain (loss) from common/collective trusts $279,422,700
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 $22,346,893
Other Income $8,609,230
Expenses $325,668,560
Total Benefit Payments $323,636,972
Directly to participants or beneficiaries, including direct rollovers $323,636,972
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $10,781
Certain deemed distributions of participant loans $387,314
Interest expense $0
Total Administrative Expenses $1,633,493
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $260,050
Other Administrative Fees $1,373,443
Net Income $89,114,125
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2019 12/31/2018 Change YOY
Total Assets $1,720,145,867 $1,631,196,132 5.45%
Total noninterest-bearing cash $15,511 $0 0.0%
Receivables $23,252 $2,247,521 -98.97%
Employer Contributions $0 $909,538 -100.00%
Participant Contributions $0 $1,337,983 -100.00%
Other Contributions $23,252 $0 0.0%
General Investments $4,799,622 $5,617,988 -14.57%
Interest-bearing cash $4,799,622 $5,597,885 -14.26%
U.S. Government Securities $0 $20,103 -100.00%
Corporate Debt Instruments $0 $0 0.0%
Preferred $0 $0 0.0%
All Other $0 $0 0.0%
Corporate Stocks $8,309,633 $6,634,696 25.25%
Preferred $0 $0 0.0%
Common $8,309,633 $6,634,696 25.25%
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 $23,746,658 $29,103,492 -18.41%
Value of interest in common/collective trusts $1,561,280,432 $1,483,828,477 5.22%
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 $97,229,599 $79,479,550 22.33%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $299 $277 7.94%
Employer-related Investments $24,740,861 $24,284,131 1.88%
Employer Securities $24,740,861 $24,284,131 1.88%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $1 $164,391 -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) $1 $164,391 -100.00%
Net Assets $1,720,145,866 $1,631,031,741 5.46%

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 $1,118,312 $0 $1,118,312
Strategic Advisors, Inc. Investment advisory (plan) Advisor $260,050 $0 $260,050
Troutman Sanders LLP Legal Attorney/Legal $205,265 $0 $205,265
NEPC Consulting (general), Investment advisory (plan), Investment management Consultant $145,812 $0 $145,812
Bkd LLP Accounting (including auditing) Accountant/Auditor $76,936 $0 $76,936
Total $1,806,375 $0 $1,806,375

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Fidelity Investments Institutional Amg Managers Center Square Real Es Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Amg Yacktman Focused N Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Amg Managers Fair Pointe Mid Cap C Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Amg River Road Smallmid Cap Value Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Semper Mbs Total Return Investor Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Invesco Oppenheimer Intl Growth A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Invesco Oppenheimer Global Opport Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Alger Small Cap Focus Class A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Ab Discovery Growth Class A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Ab Small Cap Growth Port Class A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional American Beacon Small Cap Investor Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Amer Beacon Brdgway Large Cap Val Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional American Century Equity Income Inv Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Arbitrage Fund Class R Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Artisan Internatl Investor Class Sub-transfer agency fees 0.39% $0
Fidelity Investments Institutional Artisan Developing World Fd Invest Sub-transfer agency fees 0.39% $0
Fidelity Investments Institutional Baird Core Plus Bond Fd Investor C Sub-transfer agency fees 0.27% $0
Fidelity Investments Institutional Berkshire Focus Fund Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Blackrock Technologyopportunities Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Blackrock Strategic Income Opprtsi Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Blackrock High Yield Bond Serv Shr Sub-transfer agency fees 0.08% $0
Fidelity Investments Institutional William Blair Small Mid Cap Growth Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Brown Advisory Sustain Growth Inv Sub-transfer agency fees 0.08% $0
Fidelity Investments Institutional Buffalo International Fund Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Dfa Us Large Cap Value Prtf Instl Sub-transfer agency fees 0.02% $0
Fidelity Investments Institutional Driehaus Emerging Markets Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Fmi Large Cap Fund Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Federated Mdt Midcapgrowth Fund A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Federated Kaufmann Class R Sub-transfer agency fees $12.00 $0
Fidelity Investments Institutional Goldman Sachs Large Cap Grwth Insi Sub-transfer agency fees 0.12% $0
Fidelity Investments Institutional Goldman Sachs Gqg Partners Intl Op Sub-transfer agency fees 0.08% $0
Fidelity Investments Institutional Guggenheim Total Return Bond Cl P Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Oakmark Fund Investor Class Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Oakmark Intl Investor Cl Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Janus Henderson Triton T Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Jpmorgan Internatl Research Enh Eq Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Clearbridge Select Fund Cl A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Lord Abbett Floating Rate Fd Cl A Sub-transfer agency fees 0.37% $0
Fidelity Investments Institutional Mfs International Diversification Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Mainstay Large Cap Growth Fund Cla Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Mairs & Power Growth Fund Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Matthews India Fund Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Matthews Asian Innovators Fd Invst Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Morgan Stanley Insight A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Pin Oak Equity Fund Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Parnassus Mid Cap Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Parnassus Core Equity Investor 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 Growth Stock Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional T Rowe Price Dividend Growth Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional T Rowe Price Equity Income Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional T Rowe Price U.S Equity Research F 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 T Rowe Price New Era Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional T Rowe Price New Horizons Fd Inc Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional T Rowe Price Intl Discovery Fund Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional T Rowe Price Emerging Mkts Stock Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional T Rowe Price Us Treasury Money Fun Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Rydex Nasdaq 100 2X Strategy Cl H Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Thompson Bond Fund Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Timothy Small Cap Value Class A Sub-transfer agency fees 0.08% $0
Fidelity Investments Institutional Victory Global Natural Resources A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Virtus Kar Small Cap Growth Cl A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Virtus Kar Mid Cap Growth Fund Cl Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Virtus Zevenbergen Innovative Gr S Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Wasatch Ultra Growth Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional American Washington Mutual Investo Sub-transfer agency fees 0.37% $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 2030 T Fiam Trust Company DFE: Common/Collective Trust $213,871,818
Fiam Blend Td 2025 T Fiam Trust Company DFE: Common/Collective Trust $193,310,136
Fiam Blend Td 2035 T Fiam Trust Company DFE: Common/Collective Trust $191,210,599
Mip II Cl 3 Fidelity Management Trust Company DFE: Common/Collective Trust $188,845,212
Nt S&P 500 Index Northern Trust Global Investments DFE: Common/Collective Trust $149,097,470
Fiam Blend Td 2040 T Fiam Trust Company DFE: Common/Collective Trust $131,129,954
Fiam Blend Td 2020 T Fiam Trust Company DFE: Common/Collective Trust $107,671,909
Fiam Blend Td 2045 T Fiam Trust Company DFE: Common/Collective Trust $102,755,116
Fiam Blend Td 2050 T Fiam Trust Company DFE: Common/Collective Trust $56,967,199
Nt Ext Eq Mkt Idx Northern Trust Global Investments DFE: Common/Collective Trust $37,895,101
Fiam Blend Td 2015 T Fiam Trust Company DFE: Common/Collective Trust $37,154,983
Fiam Blend Td 2055 T Fiam Trust Company DFE: Common/Collective Trust $35,319,175
Nt Msci Acwi Idx Nl Northern Trust Global Investments DFE: Common/Collective Trust $26,663,489
Fiam Core Plus Cl C Fiam Trust Company DFE: Common/Collective Trust $26,130,268
Nt Aggreg Bond Index Northern Trust Global Investments DFE: Common/Collective Trust $25,992,266
Fiam Blend Td 2060 T Fiam Trust Company DFE: Common/Collective Trust $12,938,276
Fiam Blend Td 2010 T Fiam Trust Company DFE: Common/Collective Trust $11,815,404
Fiam Blend Td 2005 T Fiam Trust Company DFE: Common/Collective Trust $7,713,753
Fiam Blend Td Inc T Fiam Trust Company DFE: Common/Collective Trust $4,798,304
Total $1,561,280,432

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.