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Overview

Plan Information

  • Plan Year01/01/2016 — 12/31/2016
  • Date of Plan01/01/1990
  • Net Assets as of 12/31/2016 $4,786,671,203
  • Plan Number55
  • 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 12/31/2016

  • Active (Eligible) Participants29,469
  • Retired or separated participants receiving benefits555
  • Other retired or separated participants entitled to future benefits14,123
  • Subtotal44,147
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits150
  • Total44,297
  • Total number of participants as of 01/01/201615,634
  • Number of participants with account balances40,530
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested116

Expenses

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

Sponsor Information

  • Address300 S. Grand Ave. 2nd Floor
  • CityLos Angeles
  • StateCA
  • Zip90071
  • Telephone(208) 386-5000
  • EIN61-1088522
  • Industry Code541330
  • Named AdministratorBernie Knobbe

Audit Information

  • Audit StatusAudited
  • AuditorVasquez & Company LLP
  • Auditor EIN33-0700332
  • 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.
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? Yes $26,141
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 $25,000,000
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? Yes
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? Yes

Financials

Income and Expense Statement

Income $582,119,549
Contributions $235,181,852
Cash Contributions $235,181,852
Cash from Employers $63,731,282
Cash from Participants $150,477,211
Others (including rollovers) $20,973,359
Noncash Contributions $0
Total Earnings on Investments $346,937,697
Total Interest $1,333,117
Interest-Bearing Cash $777
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $1,332,340
Interest from Other Investments $0
Total Dividends $29,175,612
Preferred Stock $0
Common Stock $-12,491
Rents $0
Net gain (loss) on sale of assets $5,583,172
Aggregate Proceeds $127,270,861
Aggregate Carrying Amount $121,687,689
Total Unrealized Appreciation (depreciation) of assets $50,092,454
Real Estate $0
Other $50,092,454
Net investment gain (loss) from common/collective trusts $1,054,756
Net investment gain (loss) from pooled separate accounts $0
Net investment gain (loss) from master trust investment accounts $218,779,987
Net investment gain (loss) from 103-12 investment entities $0
Net investment gain (loss) from registered investment companies $40,918,599
Other Income $0
Expenses $310,155,498
Total Benefit Payments $304,072,476
Directly to participants or beneficiaries, including direct rollovers $304,072,476
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $226,251
Certain deemed distributions of participant loans $3,568,936
Interest expense $0
Total Administrative Expenses $2,287,835
Professional Fees $1,283,706
Contract Administrator Fees $0
Investment Advisory and management fees $139,597
Other Administrative Fees $864,532
Net Income $271,964,051
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2016 12/31/2015 Change YOY
Total Assets $4,789,826,665 $1,854,338,644 158.30%
Total noninterest-bearing cash $1,103,392 $430,474 156.32%
Receivables $70,359,424 $5,329,086 1220.29%
Employer Contributions $64,035,746 $1,662,483 3751.81%
Participant Contributions $5,891,483 $3,040,750 93.75%
Other Contributions $432,195 $625,853 -30.94%
General Investments $39,297,926 $87,126,883 -54.90%
Interest-bearing cash $38,825,680 $55,679,810 -30.27%
U.S. Government Securities $472,246 $31,447,073 -98.50%
Corporate Debt Instruments $1,303,380 $60,680,709 -97.85%
Preferred $0 $0 0.0%
All Other $1,303,380 $60,680,709 -97.85%
Corporate Stocks $154,280,237 $224,312,880 -31.22%
Preferred $34,944 $29,903 16.86%
Common $154,245,293 $224,282,977 -31.23%
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 $46,602,424 $14,673,506 217.60%
Value of interest in common/collective trusts $42,488,974 $477,672,799 -91.11%
Value of interest in pooled separate accounts $0 $0 0.0%
Value of interest in master trust investment accounts $3,400,832,065 $0 0.0%
Value of interest in 103-12 investment entities $0 $0 0.0%
Value of interest in registered investment companies $837,344,005 $784,872,044 6.69%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $0 $0 0.0%
Employer-related Investments $196,214,838 $199,240,263 -1.52%
Employer Securities $196,214,838 $199,240,263 -1.52%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $3,155,462 $3,112,192 1.39%
Benefit Claims Payable (1) $2,157,455 $2,577,619 -16.30%
Operating Payables (1) $998,007 $534,573 86.69%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $4,786,671,203 $1,851,226,452 158.57%

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
Merrill Lynch, Pierce, Fenner and S Recordkeeping and information management (computing, tabulating, data processing, etc.), Trustee (bank, trust company, or similar financial institution), Trustee (directed), Investment management fees paid directly by plan, Investment management fees paid indirectly by plan, Shareholder servicing fees, Sub-transfer agency fees, Float revenue, Distribution (12b-1) fees, Securities brokerage commissions and fees, Other investment fees and expenses Trustee & Recordkeeper $1,133,633 $0 $1,133,633
McDermott Will & Emery LLP Legal, Direct payment from the plan NONE $664,504 $0 $664,504
Aecom USA Inc. Accounting (including auditing), Plan Administrator, Direct payment from the plan Employer $334,126 $0 $334,126
Fidelity Investments Institutional Trustee (bank, trust company, or similar financial institution), Direct payment from the plan Former Trustee $315,321 $0 $315,321
Angeles Investment Advisors, LLC Investment advisory (plan), Direct payment from the plan, Consulting fees Investment Consultant $206,258 $0 $206,258
T. Rowe Price Investment management, Consulting fees Consultant $203,688 $0 $203,688
Tcw Metwest Investment management, Consulting fees Consultant $137,873 $0 $137,873
Mercer Investment Consulting Inc. Consulting (general), Direct payment from the plan, Consulting fees Consultant $111,808 $0 $111,808
Appleone Employment Services Plan Administrator, Direct payment from the plan Temporary Staff $82,971 $0 $82,971
Frontier Capital Management Co. Custodial (securities), Investment management, Consulting fees Consultant $68,766 $0 $68,766
Vasquez & Company LLP Accounting (including auditing), Direct payment from the plan Auditor $60,000 $0 $60,000
Grant Thornton Lp Accounting (including auditing), Direct payment from the plan Auditor $46,396 $0 $46,396
Rsm Us LLP Accounting (including auditing), Direct payment from the plan Former Auditor $8,000 $0 $8,000
Total $3,373,344 $0 $3,373,344

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
Aecom Dc Plans Vanguard Master Trus Aecom DFE: Master Trust Investment Account $2,292,019,122
Aecom Dc Plans Sma Master Trust Aecom DFE: Master Trust Investment Account $663,988,981
Aecom Dc Plans Stable Value Master Aecom DFE: Master Trust Investment Account $444,823,962
T. Rowe Price Emerging Markets Equi T. Rowe Price Trust Company DFE: Common/Collective Trust $35,625,224
Principal Diversified Real Asset Fu Principal Trust Company DFE: Common/Collective Trust $6,863,750
Vanguard Target Ret Trust Sel 2010 Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $0
Fidelity Managed Income Portfolio 2 Fidelity Management Trust Company DFE: Common/Collective Trust $0
Vanguard Employee Benefit Index Fd Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $0
Vanguard Target Ret Trust Sel 2055 Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $0
Vanguard Target Ret Trust Sel 2050 Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $0
Vanguard Target Ret Trust Sel 2045 Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $0
Vanguard Target Ret Trust Sel 2040 Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $0
Vanguard Target Ret Trust Sel 2035 Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $0
Vanguard Target Ret Trust Sel Inc Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $0
Vanguard Target Ret Trust Sel 2025 Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $0
Vanguard Target Ret Trust Sel 2020 Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $0
Vanguard Target Ret Trust Sel 2015 Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $0
Vanguard Target Ret Trust Sel 2030 Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $0
Total $3,443,321,039

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.