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Plan Information

  • Plan Year01/01/2017 — 12/31/2017
  • Date of Plan01/01/1965
  • Net Assets as of 12/31/2017 $5,400,706,500
  • 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? No
  • Plan Funding Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2017

  • Active (Eligible) Participants8,950
  • Retired or separated participants receiving benefits1,954
  • Other retired or separated participants entitled to future benefits6,764
  • Subtotal17,668
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits111
  • Total17,779
  • Total number of participants as of 01/01/201718,011
  • Number of participants with account balances17,112
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested0


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

Sponsor Information

  • AddressP.O. Box 193965
  • CitySan Francisco
  • StateCA
  • Zip94119-3965
  • Telephone(415) 768-1688
  • EIN80-0848899
  • Industry Code237990
  • Named AdministratorLavina Mehta

Plan Administrator Information

  • Administrator NameBechtel Trust & Thrift Plan Committee
  • AddressBechtel Global Corporation 50 Beale Street, Suite 500
  • CitySan Francisco
  • StateCA
  • Zip94105
  • Telephone(415) 768-1688
  • Administrator EIN80-0848899

Audit Information

  • Audit StatusAudited
  • AuditorCrowe Horwath LLP
  • Auditor EIN35-0921680
  • 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.
3F Leased Employees Plan sponsor(s) received services of leased employees, as defined in Code section 414(n), during the plan year.
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 $500,000
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


Income and Expense Statement

Income $965,776,731
Contributions $225,171,662
Cash Contributions $225,171,662
Cash from Employers $93,736,605
Cash from Participants $117,798,668
Others (including rollovers) $13,636,389
Noncash Contributions $0
Total Earnings on Investments $740,605,069
Total Interest $1,187,626
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $1,187,626
Interest from Other Investments $0
Total Dividends $0
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 $0
Net investment gain (loss) from pooled separate accounts $0
Net investment gain (loss) from master trust investment accounts $739,417,443
Net investment gain (loss) from 103-12 investment entities $0
Net investment gain (loss) from registered investment companies $0
Other Income $0
Expenses $456,305,232
Total Benefit Payments $450,727,678
Directly to participants or beneficiaries, including direct rollovers $450,727,678
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $24,648
Certain deemed distributions of participant loans $1,048,309
Interest expense $0
Total Administrative Expenses $4,504,597
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $3,969,710
Other Administrative Fees $534,887
Net Income $509,471,499
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 $5,400,706,500 $4,891,235,001 10.42%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $23,843,570 $27,223,068 -12.41%
Employer Contributions $23,376,760 $26,580,571 -12.05%
Participant Contributions $466,810 $642,497 -27.34%
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 $26,639,359 $28,391,788 -6.17%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $0 $0 0.0%
Value of interest in master trust investment accounts $5,350,223,571 $4,835,620,145 10.64%
Value of interest in 103-12 investment entities $0 $0 0.0%
Value of interest in registered investment companies $0 $0 0.0%
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 $5,400,706,500 $4,891,235,001 10.42%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Financial Engines, Inc.

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
Advised Assets Group, LLC Investment advisory (participants), Direct payment from the plan NONE $3,969,710 $0 $3,969,710
Great-West Life & Annuity Ins Co Recordkeeping and information management (computing, tabulating, data processing, etc.), Employee (plan), Participant loan processing, Other services, Direct payment from the plan, Float revenue, Recordkeeping fees NONE $519,587 $0 $519,587
Towers Watson Delaware Inc Employee (plan), Other services, Direct payment from the plan NONE $15,300 $0 $15,300
Total $4,504,597 $0 $4,504,597

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Bechtel Global Corporation Great-West Life & Annuity Ins Co Plan Administrator, Employee (plan sponsor), Direct payment from the plan, Non-monetary compensation Meals Received By Employees of The Plan Sponsor In Connection With The Plan Sponsor's Position With The Plan $356
Bechtel Global Corporation Financial Engines, Inc. Plan Administrator, Employee (plan sponsor), Direct payment from the plan, Non-monetary compensation Meals Received By Employees of The Plan Sponsor In Connection With The Plan Sponsor's Position With The Plan $90
Bechtel Global Corporation Advised Assets Group, LLC Plan Administrator, Employee (plan sponsor), Direct payment from the plan, Non-monetary compensation Meals Received By Employees of The Plan Sponsor In Connection With The Plan Sponsor's Position With The Plan $70
*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.



Name of Investment Investment Manager Type of Investment Dollar Value
Master Trust Tax Qual Plan Bechtel Bechtel Global Corporation DFE: Master Trust Investment Account $5,350,223,571
Total $5,350,223,571

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.