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Overview

Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan01/01/1987
  • Net Assets as of 12/31/2019 $706,010,614
  • Plan Number335
  • 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 12/31/2019

  • Active (Eligible) Participants3,412
  • Retired or separated participants receiving benefits5
  • Other retired or separated participants entitled to future benefits1,477
  • Subtotal4,894
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits7
  • Total4,901
  • Total number of participants as of 01/01/20194,888
  • Number of participants with account balances4,872
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested257

Expenses

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

Sponsor Information

  • Address290 E. John Carpenter Fwy
  • CityIrving
  • StateTX
  • Zip75062
  • Telephone(972) 830-0000
  • EIN38-2182248
  • Industry Code813000
  • Named AdministratorAlec Scroggins
  • Named Plan SponsorAlec Scroggins

Audit Information

  • Audit StatusAudited
  • AuditorGrant Thornton, LLP
  • Auditor EIN36-6055558
  • 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.
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.

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? 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 $185,967,655
Contributions $62,674,345
Cash Contributions $62,674,345
Cash from Employers $15,711,050
Cash from Participants $39,419,679
Others (including rollovers) $7,543,616
Noncash Contributions $0
Total Earnings on Investments $123,293,310
Total Interest $348,506
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $348,506
Interest from Other Investments $0
Total Dividends $7,634,913
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 $732,173
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 $114,577,718
Other Income $0
Expenses $63,452,487
Total Benefit Payments $63,007,100
Directly to participants or beneficiaries, including direct rollovers $63,007,100
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 $445,387
Professional Fees $445,387
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $122,515,168
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 $706,010,614 $583,495,446 21.00%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $0 $2,245,105 0.0%
Employer Contributions $0 $0 0.0%
Participant Contributions $0 $0 0.0%
Other Contributions $0 $2,245,105 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 $5,653,073 $5,384,761 4.98%
Value of interest in common/collective trusts $481,286,864 $29,529,778 1529.84%
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 $219,070,677 $546,335,802 -59.90%
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 $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 $706,010,614 $583,495,446 21.00%

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
Vanguard Participant loan processing Fiduciary $445,387 $0 $445,387
Total $445,387 $0 $445,387

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Vanguard Prudential Investments Investment management 0.1% Paid Outside The Expense Ratio $0
Vanguard Columbia Threadneedle Investments Investment management 0.1% Paid Outside The Expense Ratio $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
Vftc Tgt Rtmnt 2035 Trust II Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $84,371,671
Vftc Tgt Rtmnt 2025 Trust II Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $80,938,300
Vftc Tgt Rtmnt 2030 Trust II Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $71,293,204
Vftc Tgt Rtmnt 2040 Trust II Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $62,813,620
Vftc Tgt Rtmnt 2020 Trust II Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $48,007,475
Vftc Tgt Rtmnt 2045 Trust II Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $44,399,949
Vftc Retirement Savings Trust III Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $32,184,028
Vftc Tgt Rtmnt 2050 Trust II Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $25,840,541
Vftc Tgt Rtmnt 2015 Trust II Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $13,915,797
Vftc Tgt Rtmnt 2055 Trust II Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $10,837,742
Vftc Tgt Rtmnt Income Trust II Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $3,777,337
Vftc Tgt Rtmnt 2060 Trust II Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $2,017,006
Vftc Tgt Rtmnt 2065 Trust II Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $890,197
Total $481,286,867

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.