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FORM 5500 DATA

Office Depot, Inc. Retirement Savings Plan

Overview

Plan Information

  • Plan Year01/01/2018 — 12/31/2018
  • Date of Plan02/01/1990
  • Net Assets as of 12/31/2018 $932,421,194
  • 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 12/31/2018

  • Active (Eligible) Participants21,936
  • Retired or separated participants receiving benefits242
  • Other retired or separated participants entitled to future benefits3,351
  • Subtotal25,529
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits87
  • Total25,616
  • Total number of participants as of 01/01/201827,000
  • Number of participants with account balances22,902
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested27

Expenses

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

Sponsor Information

  • Address6600 N. Military Trail
  • CityBoca Raton
  • StateFL
  • Zip33496
  • Telephone(561) 438-2442
  • EIN59-2663954
  • Industry Code453210
  • Named AdministratorCaresse Friedman

Audit Information

  • Audit StatusAudited
  • AuditorMarcum LLP
  • Auditor EIN11-1986323
  • 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.

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 $10,000,000
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 $891
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 $28,242,361
Contributions $81,359,694
Cash Contributions $81,359,694
Cash from Employers $20,378,564
Cash from Participants $55,470,723
Others (including rollovers) $5,510,407
Noncash Contributions $0
Total Earnings on Investments $-53,117,333
Total Interest $1,248,835
Interest-Bearing Cash $216,049
U.S. Government Securities $0
Corporate Debt Instruments $1,090
Loans (other than to participants) $0
Participant Loans $1,031,696
Interest from Other Investments $0
Total Dividends $39,696,342
Preferred Stock $0
Common Stock $193,180
Rents $0
Net gain (loss) on sale of assets $416,639
Aggregate Proceeds $18,854,816
Aggregate Carrying Amount $18,438,177
Total Unrealized Appreciation (depreciation) of assets $-1,652,985
Real Estate $0
Other $-1,652,985
Net investment gain (loss) from common/collective trusts $697,658
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 $-93,523,822
Other Income $0
Expenses $98,066,946
Total Benefit Payments $96,516,090
Directly to participants or beneficiaries, including direct rollovers $96,516,090
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $123,703
Certain deemed distributions of participant loans $28,980
Interest expense $0
Total Administrative Expenses $1,398,173
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $1,398,173
Net Income $-69,824,585
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 $932,544,897 $1,002,245,779 -6.95%
Total noninterest-bearing cash $1,375 $14,888 -90.76%
Receivables $0 $0 0.0%
Employer Contributions $0 $0 0.0%
Participant Contributions $0 $0 0.0%
Other Contributions $0 $0 0.0%
General Investments $16,785,289 $12,864,012 30.48%
Interest-bearing cash $16,776,374 $12,864,012 30.41%
U.S. Government Securities $8,915 $0 0.0%
Corporate Debt Instruments $21,204 $20,964 1.14%
Preferred $0 $0 0.0%
All Other $21,204 $20,964 1.14%
Corporate Stocks $11,711,702 $13,190,019 -11.21%
Preferred $0 $0 0.0%
Common $11,711,702 $13,190,019 -11.21%
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 $21,511,268 $20,602,589 4.41%
Value of interest in common/collective trusts $77,605,619 $36,006,991 115.53%
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 $804,915,446 $919,572,651 -12.47%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $-7,006 $-26,335 -73.40%
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 $123,703 $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) $123,703 $0 0.0%
Net Assets $932,421,194 $1,002,245,779 -6.97%

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 $1,366,111 $0 $1,366,111
Marcum LLP Consulting (general), Investment advisory (plan) Investment Advisor/Cnslt $56,642 $0 $56,642
Total $1,422,753 $0 $1,422,753

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Fidelity Investments Institutional Abf Lg Cap Val Inst - Boston Finan Sub-transfer agency fees 0.04% $0
Fidelity Investments Institutional Amcent Infl Adjbd R5 - American Ce Sub-transfer agency fees 0.05% $0
Fidelity Investments Institutional C&S Inst Realty Shs - Boston Finan Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Dodge & Cox Income - Dst Asset Man Sub-transfer agency fees 0.08% $0
Fidelity Investments Institutional Dreyfus Small Cap Stock Index Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Parnassus Mid Cap Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Delaware Value Fd Cl A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Dreyfus Opport Small Cap Fund Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Federated High Yieldtrust Ss Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Gabelli Small Cap Growth Aaa Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Matthews Asian Innovators Fd Invst Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Meridian Growth Fund Legacy Sub-transfer agency fees 0.06% $0
Fidelity Investments Institutional Victory Rs Small Capgrowth Fund Cl Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Janus Henderson Growth & Income T Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Janus Henderson Forty T Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Riskpro Alternative 0 15 Fund Cl R Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Riskpro Tactical 0 30 Fd Cl R Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Riskpro Pfg Global 30 Fd Cl R Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional White Oak Select Growth Fund Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional T Rowe Price Blue Chip Growth Inc Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional T Rowe Price Diversdmid Cap Growth Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional American Century Diversified Bd Cl Sub-transfer agency fees 0.09% $0
Fidelity Investments Institutional Artisan Mid Cap Sub-transfer agency fees 0.39% $0
Fidelity Investments Institutional Oakmark Intl Investor Cl Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Janus Henderson Global Select T Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Janus Henderson Gl Life Sciences T Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional American New World Class F1 Sub-transfer agency fees 0.37% $0
Fidelity Investments Institutional Riskpro Pfg 0 15 Fd Class R Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Pin Oak Equity Fund Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Payden Emerging Markets Bond Advis Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Permanent Portfolio Sub-transfer agency fees 0.38% $0
Fidelity Investments Institutional Rydex Consumer Products Investor C Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Hennessy Gas Utilityinvestor Cl Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Janus Henderson Global Reseach T Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Jpmorgan Investor Growth Fund Clas Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Riskpro Pfg Aggressive 30 Fd R Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Riskpro Pfg 30 Fund Cl R Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional T Rowe Price Health Sciences Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Becker Value Equity Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Janus Henderson Research T Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Riskpro Pfg Balanced 20 30 Cl R Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Riskpro Dynamic 15 25 Fund Cl R Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional T Rowe Price Science& Technology Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Virtus Kar Small Cap Growth Cl A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Wasatch Ultra Growth Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Invesco Technology Inv Class Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Bridgeway Aggressiveinvestor 1 Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Pimco Total Return Class A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Pimco Intl Bd Fd (U.S. Dollar Hedg Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Pimco All Asset Allauthority Fd Cl Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Pimco High Yield Spectrum Fund Cl Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Amg Managers Skylinespecial Equiti 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 Riskpro Aggressive 30 Fund Cl R Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Riskpro Pfg Equity 30 Fund Cl R Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Riskpro Dynamic 20 30 Fund Cl R Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Pioneer Select Mid Cap Growth Clas Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional T Rowe Price Qm Us Sml Cap Grwth E Sub-transfer agency fees 0.15% $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
Fid Growth Co Pool Fidelity Management Trust Company DFE: Common/Collective Trust $40,034,640
Wf Stable Fund C Wells Fargo Bank, N.A. DFE: Common/Collective Trust $37,570,979
Total $77,605,619

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.