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FORM 5500 DATA

Caesars Entertainment Corporation Savings and Retirement Plan

Overview

Plan Information

  • Plan Year01/01/2015 — 12/31/2015
  • Date of Plan02/06/1990
  • Net Assets as of 12/31/2015 $1,371,070,726
  • 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 12/31/2015

  • Active (Eligible) Participants48,760
  • Retired or separated participants receiving benefits61
  • Other retired or separated participants entitled to future benefits9,621
  • Subtotal58,442
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits290
  • Total58,732
  • Total number of participants as of 01/01/201559,525
  • Number of participants with account balances44,241
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested3,215

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

Plan Administrator Information

  • Administrator NameCaesars Entertainment Corp Savings & 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 $94,937,135
Contributions $100,691,941
Cash Contributions $100,691,941
Cash from Employers $14,230,631
Cash from Participants $83,979,171
Others (including rollovers) $2,482,139
Noncash Contributions $0
Total Earnings on Investments $-5,754,806
Total Interest $2,154,775
Interest-Bearing Cash $13,580
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $2,141,195
Interest from Other Investments $0
Total Dividends $15,755,946
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 $3,135,388
Real Estate $0
Other $3,135,388
Net investment gain (loss) from common/collective trusts $-9,593,384
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 $-17,207,531
Other Income $0
Expenses $189,474,786
Total Benefit Payments $185,446,942
Directly to participants or beneficiaries, including direct rollovers $185,446,942
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $36,888
Certain deemed distributions of participant loans $114,617
Interest expense $0
Total Administrative Expenses $3,876,339
Professional Fees $392,390
Contract Administrator Fees $1,218,933
Investment Advisory and management fees $1,579,734
Other Administrative Fees $685,282
Net Income $-94,537,651
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2015 12/31/2014 Change YOY
Total Assets $1,373,382,086 $1,468,033,878 -6.45%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $15,018,778 $15,521,548 -3.24%
Employer Contributions $13,233,655 $13,738,975 -3.68%
Participant Contributions $1,629,164 $1,528,511 6.59%
Other Contributions $155,959 $254,062 -38.61%
General Investments $5,112,852 $5,943,422 -13.97%
Interest-bearing cash $5,112,852 $5,943,422 -13.97%
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 $55,469,577 $63,273,011 -12.33%
Preferred $0 $0 0.0%
Common $55,469,577 $63,273,011 -12.33%
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 $65,969,288 $67,447,587 -2.19%
Value of interest in common/collective trusts $808,550,451 $812,001,779 -0.43%
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 $423,261,140 $503,846,531 -15.99%
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 $2,311,360 $2,425,501 -4.71%
Benefit Claims Payable (1) $0 $461,726 -100.00%
Operating Payables (1) $2,307,043 $1,960,910 17.65%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $4,317 $2,865 50.68%
Net Assets $1,371,070,726 $1,465,608,377 -6.45%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • American Funds
  • Morgan Stanley
  • The Vanguard Group, Inc.
  • Hewitt Financial Services LLC
  • Artisan Partners Ltd Partnership
  • Brown Capital Management, LLC
  • Dodge & Cox
  • Invesco Advisers, Inc.
  • Pimco

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.), Investment management, Direct payment from the plan, Investment management fees paid indirectly by plan NONE $2,528,430 $0 $2,528,430
Mercer Investment Consulting Inc Investment advisory (plan), Direct payment from the plan NONE $565,667 $0 $565,667
Stoel Rives LLP Legal, Direct payment from the plan NONE $200,550 $0 $200,550
Ah Lisanti Investment management, Direct payment from the plan, Soft dollars commissions, Securities brokerage commissions and fees NONE $160,637 $0 $160,637
State Street Trust Services Accounting (including auditing), Custodial (other than securities), Direct payment from the plan NONE $137,910 $0 $137,910
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 $99,275 $0 $99,275
Palisade Capital Management, L.L.C. Investment management, Other services, Direct payment from the plan, Soft dollars commissions NONE $57,152 $0 $57,152
Crowe Horwath LLP Accounting (including auditing), Direct payment from the plan NONE $53,930 $0 $53,930
Nwq Investment Mgmt Company, LLC Investment management, Direct payment from the plan, Investment management fees paid indirectly by plan, Soft dollars commissions NONE $49,006 $0 $49,006
State Street Retiree Services Other services, Direct payment from the plan NONE $15,382 $0 $15,382
Voya Institutional Plan Services Ll Recordkeeping and information management (computing, tabulating, data processing, etc.), Direct payment from the plan, Shareholder servicing fees NONE $8,400 $0 $8,400
Total $3,876,339 $0 $3,876,339

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
Ssga S&P 500 Flagship Fund Series A State Street Bank & Trust Company DFE: Common/Collective Trust $270,231,262
Ssga Age Based 2025 Sl Ser A State Street Bank & Trust Company DFE: Common/Collective Trust $131,383,677
Ssga Aged Based 2035 Sl Ser Class A State Street Bank & Trust Company DFE: Common/Collective Trust $91,114,308
Ssga Aged Based 2045 Sl Ser Class A State Street Bank & Trust Company DFE: Common/Collective Trust $57,266,197
Ssga Us Bond Index Series A State Street Bank & Trust Company DFE: Common/Collective Trust $52,877,453
Ssga Age Based 2015 Fund Series A State Street Bank & Trust Company DFE: Common/Collective Trust $48,548,701
State Str Bk and Tr Co Invt Fd Mf State Street Bank & Trust Company DFE: Common/Collective Trust $37,572,657
Ssga Russell Small Cap Fund State Street Bank & Trust Company DFE: Common/Collective Trust $26,762,580
Invesco Equity Real Est Secur Trust Invesco National Trust Company DFE: Common/Collective Trust $21,815,941
Prudential Core Plus Bond Fund Prudential Trust Company DFE: Common/Collective Trust $19,727,219
American Century Non-U.S. Growth Tr Global Trust Company DFE: Common/Collective Trust $16,877,562
State Str Bk Daily Eafe Index State Street Bank & Trust Company DFE: Common/Collective Trust $14,996,544
Ssga Age Based Income Fund Series A State Street Bank & Trust Company DFE: Common/Collective Trust $13,384,170
Investec Emerg Mkts Equity Fd LLC Investec Asset Management North America Inc. DFE: Common/Collective Trust $5,992,180
Total $808,550,451

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.