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FORM 5500 DATA

Caesars Entertainment Corporation Savings and Retirement Plan

Overview

Plan Information

  • Plan Year01/01/2014 — 12/31/2014
  • Date of Plan02/06/1990
  • Net Assets as of 12/31/2014 $1,465,608,377
  • Plan Number1
  • Plan Type Single Employer
  • Is the plan collectively bargained?Yes
  • 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 12/31/2014

  • Active (Eligible) Participants49,030
  • Retired or separated participants receiving benefits76
  • Other retired or separated participants entitled to future benefits9,761
  • Subtotal58,867
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits307
  • Total59,174
  • Total number of participants as of 01/01/201457,592
  • Number of participants with account balances45,910
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2,744

Expenses

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

Sponsor Information

  • Address1 Caesars Palace Drive
  • CityLas Vegas
  • StateNV
  • Zip89109
  • Telephone(702) 407-6043
  • EIN62-1411755
  • Industry Code713200
  • Named AdministratorRussell Goldich

Plan Administrator Information

  • Administrator NameCaesars Entertainment Corp Savings and Retirement Plan Admin Commitee
  • Address1 Caesars Palace Drive
  • CityLas Vegas
  • StateNV
  • Zip89109
  • Telephone(702) 407-6043
  • Administrator EIN47-4654359

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.
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 $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? 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 $186,267,045
Contributions $101,863,231
Cash Contributions $101,863,231
Cash from Employers $14,339,176
Cash from Participants $84,850,937
Others (including rollovers) $2,673,118
Noncash Contributions $0
Total Earnings on Investments $84,403,814
Total Interest $4,024,770
Interest-Bearing Cash $819,039
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $3,205,731
Interest from Other Investments $0
Total Dividends $16,434,300
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 $66,658
Real Estate $0
Other $66,658
Net investment gain (loss) from common/collective trusts $64,616,860
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 $-738,774
Other Income $0
Expenses $208,781,715
Total Benefit Payments $203,480,650
Directly to participants or beneficiaries, including direct rollovers $203,480,650
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $203,916
Interest expense $0
Total Administrative Expenses $5,097,149
Professional Fees $657,725
Contract Administrator Fees $1,998,344
Investment Advisory and management fees $2,075,950
Other Administrative Fees $365,130
Net Income $-22,514,670
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2014 12/31/2013 Change YOY
Total Assets $1,468,033,878 $1,489,241,753 -1.42%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $15,521,548 $15,314,556 1.35%
Employer Contributions $13,738,975 $13,649,305 0.66%
Participant Contributions $1,528,511 $1,303,632 17.25%
Other Contributions $254,062 $361,619 -29.74%
General Investments $5,943,422 $3,305,723 79.79%
Interest-bearing cash $5,943,422 $3,305,723 79.79%
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 $63,273,011 $26,996,197 134.38%
Preferred $0 $0 0.0%
Common $63,273,011 $26,996,197 134.38%
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 $67,447,587 $68,078,036 -0.93%
Value of interest in common/collective trusts $812,001,779 $769,904,469 5.47%
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 $503,846,531 $605,642,772 -16.81%
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 $2,425,501 $1,118,706 116.81%
Benefit Claims Payable (1) $461,726 $247,459 86.59%
Operating Payables (1) $1,960,910 $871,247 125.07%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $2,865 $0 0.0%
Net Assets $1,465,608,377 $1,488,123,047 -1.51%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • American Funds
  • Artisan
  • Brown Capital Management, LLC
  • Nwq Investment Mgmt Company, LLC
  • Icm Series Trust
  • Morgan Stanley
  • Pimco
  • The Vanguard Group, Inc.
  • Invesco Advisers, Inc.
  • Jp Morgan Funds
  • Hewitt Financial Services LLC

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
Hewitt Associates LLC Recordkeeping and information management (computing, tabulating, data processing, etc.), Direct payment from the plan, Shareholder servicing fees NONE $1,929,352 $0 $1,929,352
Mercer Investment Consulting Inc Investment advisory (plan), Direct payment from the plan NONE $1,099,470 $0 $1,099,470
Invesco National Trust Company Investment management, Direct payment from the plan NONE $421,201 $0 $421,201
Ah Lisanti Investment management, Direct payment from the plan, Finders' fees/placement fees, Soft dollars commissions, Consulting fees, Securities brokerage commissions and fees NONE $340,854 $0 $340,854
SSGA Custodial (other than securities), Custodial (securities), Investment management, Direct payment from the plan, Investment management fees paid directly by plan, Investment management fees paid indirectly by plan, Soft dollars commissions, Other fees NONE $324,783 $0 $324,783
Stoel Rives LLP Legal, Direct payment from the plan NONE $284,042 $0 $284,042
Crowe Horwath LLP Accounting (including auditing), Direct payment from the plan NONE $48,900 $0 $48,900
Palisade Capital Management, L.L.C. Investment management, Other services, Direct payment from the plan, Soft dollars commissions NONE $40,840 $0 $40,840
State Street Retiree Services Other services, Direct payment from the plan NONE $11,258 $0 $11,258
State Street Trust Services Accounting (including auditing), Custodial (other than securities), Direct payment from the plan NONE $11,258 $0 $11,258
Ing Institutional Plan Services LLC Contract Administrator, Participant loan processing, Participant communication, Direct payment from the plan, Recordkeeping fees, Account maintenance fees NONE $6,920 $0 $6,920
Rr Donnelley Copying and duplicating, Direct payment from the plan NONE $6,417 $0 $6,417
Total $4,525,295 $0 $4,525,295

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Hewitt Associates LLC Dodge & Cox Stock Shareholder servicing fees .0010 $0
Hewitt Associates LLC Dodge & Cox International Stock Shareholder servicing fees .0010 $0
Hewitt Associates LLC Harbor Capital Apprec Inst Shareholder servicing fees .0020 $0
Hewitt Associates LLC Icm Small Company Shareholder servicing fees .0020 $0
Hewitt Associates LLC Morgan Stanley Inst. Mid Cap Grow Shareholder servicing fees .0010 $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
Ssga S&P 500 Flagship Fund Series A State Street Bank & Trust Company DFE: Common/Collective Trust $297,943,582
Ssga Age Based 2025 Sl Ser A State Street Bank & Trust Company DFE: Common/Collective Trust $137,262,742
Ssga Aged Based 2035 Sl Ser Class A State Street Bank & Trust Company DFE: Common/Collective Trust $90,661,354
Ssga Age Based 2015 Fund Series A State Street Bank & Trust Company DFE: Common/Collective Trust $56,451,871
Ssga Us Bond Index Series A State Street Bank & Trust Company DFE: Common/Collective Trust $56,357,159
Ssga Aged Based 2045 Sl Ser Class A State Street Bank & Trust Company DFE: Common/Collective Trust $55,100,029
State Str Bk and Tr Co Invt Fd Mf State Street Bank & Trust Company DFE: Common/Collective Trust $34,275,187
Ssga Russell Small Cap Fund State Street Bank & Trust Company DFE: Common/Collective Trust $29,455,269
Invesco Equity Real Est Secur Trust Invesco National Trust Company DFE: Common/Collective Trust $26,046,580
Ssga Age Based Income Fund Series A State Street Bank & Trust Company DFE: Common/Collective Trust $15,132,064
State Str Bk Daily Eafe Index State Street Bank & Trust Company DFE: Common/Collective Trust $13,315,942
Ssga Passive Int Bond Index Sl Fund State Street Bank & Trust Company DFE: Common/Collective Trust $0
Ssga Daily Eafe Fund State Street Bank & Trust Company DFE: Common/Collective Trust $0
Total $812,001,779

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.