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Overview

Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan01/01/1997
  • Net Assets as of 12/31/2019 $3,116,779,792
  • Plan Number5
  • Plan Type Single Employer
  • Is the plan collectively bargained? No
  • Did the plan file for an extension of time or the DFVC Program? No
  • Plan Funding Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2019

  • Active (Eligible) Participants6,545
  • Retired or separated participants receiving benefits98
  • Other retired or separated participants entitled to future benefits4,321
  • Subtotal10,964
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits35
  • Total10,999
  • Total number of participants as of 01/01/20199,347
  • Number of participants with account balances10,999
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested559

Expenses

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

Sponsor Information

  • Address4555 Painters Mill Rd
  • CityOwings Mills
  • StateMD
  • Zip21117-4903
  • Telephone(410) 345-6926
  • EIN52-2264646
  • Industry Code523900
  • Named AdministratorClay Bowers
  • Named Plan SponsorClay Bowers

Audit Information

  • Audit StatusAudited
  • AuditorKpmg, LLC
  • Auditor EIN13-5565207
  • 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.
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)).

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 $50,000,000
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 $781,823,352
Contributions $170,735,631
Cash Contributions $170,735,631
Cash from Employers $96,048,835
Cash from Participants $59,382,365
Others (including rollovers) $15,304,431
Noncash Contributions $0
Total Earnings on Investments $611,087,721
Total Interest $684,807
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $684,807
Interest from Other Investments $0
Total Dividends $44,448,284
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 $383,516,632
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 $182,437,998
Other Income $0
Expenses $111,795,135
Total Benefit Payments $111,800,265
Directly to participants or beneficiaries, including direct rollovers $111,800,265
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $-11,093
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $5,963
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $5,963
Net Income $670,028,217
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 $3,117,017,204 $2,446,776,116 27.39%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $43,960,554 $48,505,729 -9.37%
Employer Contributions $43,960,554 $48,505,729 -9.37%
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 $15,129,834 $14,797,825 2.24%
Value of interest in common/collective trusts $2,041,686,945 $1,600,860,890 27.54%
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 $1,016,239,871 $782,611,672 29.85%
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 $237,412 $24,541 867.41%
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) $237,412 $24,541 867.41%
Net Assets $3,116,779,792 $2,446,751,575 27.38%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • T. Rowe Price Retirement Plan Svcs

Other Service Providers Receiving Direct or Indirect Compensation

There are no service providers listed for this plan.

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
Trp Retirement 2035 Trust T Rowe Price Trust Company DFE: Common/Collective Trust $179,333,987
Trp Retirement 2040 Trust T Rowe Price Trust Company DFE: Common/Collective Trust $172,135,185
Trp Retirement 2030 Trust T Rowe Price Trust Company DFE: Common/Collective Trust $171,484,027
Trp Capital Appreciation Trust T Rowe Price Trust Company DFE: Common/Collective Trust $171,086,587
Trp New Horizons Trust T Rowe Price Trust Company DFE: Common/Collective Trust $142,188,593
Trp Retirement 2045 Trust T Rowe Price Trust Company DFE: Common/Collective Trust $130,826,074
Trp Blue Chip Growth Trust T Rowe Price Trust Company DFE: Common/Collective Trust $122,612,418
Trp Retirement 2025 Trust T Rowe Price Trust Company DFE: Common/Collective Trust $111,545,870
Trp Stable Value Common Trust Fund T Rowe Price Trust Company DFE: Common/Collective Trust $97,926,126
Trp Retirement 2050 Trust T Rowe Price Trust Company DFE: Common/Collective Trust $96,138,823
Trp Growth Stock Trust T Rowe Price Trust Company DFE: Common/Collective Trust $68,246,153
Trp Equity Income Trust T Rowe Price Trust Company DFE: Common/Collective Trust $63,621,536
Trp Retirement 2020 Trust T Rowe Price Trust Company DFE: Common/Collective Trust $63,242,039
Trp Us Treasury Money Market Trust T Rowe Price Trust Company DFE: Common/Collective Trust $54,908,324
Trp Equity Index Trust T Rowe Price Trust Company DFE: Common/Collective Trust $52,306,980
Trp Retirement 2055 Trust T Rowe Price Trust Company DFE: Common/Collective Trust $51,870,981
Trp Us Small Cap Value Equity Trust T Rowe Price Trust Company DFE: Common/Collective Trust $49,457,848
Trp Us Mid Cap Value Equity Trust T Rowe Price Trust Company DFE: Common/Collective Trust $37,050,019
Emerging Markets Equity Trust T Rowe Price Trust Company DFE: Common/Collective Trust $35,557,668
Trp Intl Small Cap Equity Trust T Rowe Price Trust Company DFE: Common/Collective Trust $25,233,571
Trp International Growth Equity Tru T Rowe Price Trust Company DFE: Common/Collective Trust $23,223,160
Trp Structured Research Ctf T Rowe Price Trust Company DFE: Common/Collective Trust $18,537,432
Trp Retirement 2015 Trust T Rowe Price Trust Company DFE: Common/Collective Trust $15,748,441
Trp Retirement 2060 Trust T Rowe Price Trust Company DFE: Common/Collective Trust $14,061,012
Trp Global Growth Equity Trust T Rowe Price Trust Company DFE: Common/Collective Trust $14,008,723
Trp Growth and Income Trust T Rowe Price Trust Company DFE: Common/Collective Trust $10,086,618
Trp Retirement 2010 Trust T Rowe Price Trust Company DFE: Common/Collective Trust $9,555,515
Trp Bond Trust I T Rowe Price Trust Company DFE: Common/Collective Trust $8,195,732
Trp Us Bond Enhamced Index Trust T Rowe Price Trust Company DFE: Common/Collective Trust $6,905,718
Trp International Core Equity Trust T Rowe Price Trust Company DFE: Common/Collective Trust $6,261,698
Trp Retirement 2005 Trust T Rowe Price Trust Company DFE: Common/Collective Trust $4,996,471
Trp Intl Value Equity Trust T Rowe Price Trust Company DFE: Common/Collective Trust $3,425,771
Trp Dynamic Global Bond Trust T Rowe Price Trust Company DFE: Common/Collective Trust $3,095,252
Trp Retirement Balanced Trust T Rowe Price Trust Company DFE: Common/Collective Trust $2,409,454
Trp Asia Opportunities Trust T Rowe Price Trust Company DFE: Common/Collective Trust $2,363,638
Trp Real Assets Trust I T Rowe Price Trust Company DFE: Common/Collective Trust $1,865,356
Trp Small and Mid Cap Core Trust T Rowe Price Trust Company DFE: Common/Collective Trust $174,420
Trp Us Small Cap Core Equity Trust T Rowe Price Trust Company DFE: Common/Collective Trust $0
Trp Us Value Equity Trust T Rowe Price Trust Company DFE: Common/Collective Trust $0
Total $2,041,687,220

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.