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Plan Information

  • Plan Year01/01/2018 — 12/31/2018
  • Date of Plan01/01/1998
  • Net Assets as of 12/31/2018 $549,834,050
  • 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 ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2018

  • Active (Eligible) Participants50,829
  • Retired or separated participants receiving benefits28
  • Other retired or separated participants entitled to future benefits2,394
  • Subtotal53,251
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total53,251
  • Total number of participants as of 01/01/201814,541
  • Number of participants with account balances15,389
  • 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

  • Address123 South Front Street
  • CityMemphis
  • StateTN
  • Zip38103
  • Telephone(901) 495-6500
  • EIN62-1482048
  • Industry Code441300
  • Named AdministratorRick Smith

Plan Administrator Information

  • Administrator NameAutozone, Inc.
  • Address123 South Front Street
  • CityMemphis
  • StateTN
  • Zip38103
  • Telephone(901) 495-6500
  • Administrator EIN62-1482048

Audit Information

  • Audit StatusAudited
  • AuditorDixon Hughes Goodman LLP
  • Auditor EIN56-0747981
  • 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.
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? 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 $61,429,683
Contributions $87,353,418
Cash Contributions $87,353,418
Cash from Employers $23,832,234
Cash from Participants $40,293,563
Others (including rollovers) $23,227,621
Noncash Contributions $0
Total Earnings on Investments $-25,973,120
Total Interest $2,491,388
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $1,113,959
Interest from Other Investments $1,377,429
Total Dividends $5,497,977
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 $-3,059,888
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 $-30,902,597
Other Income $49,385
Expenses $58,079,748
Total Benefit Payments $57,732,919
Directly to participants or beneficiaries, including direct rollovers $57,732,919
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $22,215
Certain deemed distributions of participant loans $42,430
Interest expense $0
Total Administrative Expenses $282,184
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $282,184
Net Income $3,349,935
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $269,908

Asset and Liability Statement

12/31/2018 12/31/2017 Change YOY
Total Assets $549,834,050 $546,754,023 0.56%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $1,271,252 $1,215,290 4.60%
Employer Contributions $1,271,252 $1,215,290 4.60%
Participant Contributions $0 $0 0.0%
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 $23,656,159 $21,792,046 8.55%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $97,577,416 $100,038,051 -2.46%
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 $329,138,747 $335,654,387 -1.94%
Value of funds held in insurance co. general account $98,190,476 $88,054,249 11.51%
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 $549,834,050 $546,754,023 0.56%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Prudential Retirement Insurance and

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
Prudential Retirement Insurance and Contract Administrator, Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Direct payment from the plan, Recordkeeping fees NONE $241,184 $0 $241,184
Pamela Samuels-Kater Non-monetary compensation NONE $0 $1,093 $1,093
Sharita Shead Non-monetary compensation NONE $0 $1,038 $1,038
Matthew Harmon Non-monetary compensation NONE $0 $762 $762
Reggie Huggins Non-monetary compensation NONE $0 $174 $174
Rick Smith Non-monetary compensation NONE $0 $76 $76
Matt Harmon Non-monetary compensation NONE $0 $75 $75
Total $241,184 $3,218 $244,402

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Prudential Retirement Insurance and Prudential Retirement Insurance and Recordkeeping and information management (computing, tabulating, data processing, etc.), Recordkeeping fees 25.000 Bps and $0.00 Per Participant Invested In The Fund From 1/1/2018 To 12/31/2018 Guaranteed Income Fund $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.



Name of Investment Investment Manager Type of Investment Dollar Value
Lcg/Jennison Fund Prudential Retirement Ins. DFE: Pooled Separate Account $85,929,386
Eagle M Cap Growth Isp Prudential Retirement Ins. DFE: Pooled Separate Account $8,020,801
Mcv/Qma Fund Prudential Retirement Ins. DFE: Pooled Separate Account $3,627,229
Total $97,577,416

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Prudential Retirement Insurance and Annuity Company 53,251
EIN 06-1050034
Industry Code 93629
Contract Number 41558
Contract Year 01/01/2018 — 12/31/2018
Value in General Account at Year End $98,190,476
Value in Separate Accounts at Year End $97,577,416
Insurance Fees and Commissions $0
Persons Receiving Commissions and Fees There are no brokers listed for this plan.
Allocated Funds
Type of Contract Unspecified
Basis of premium rates
Premiums paid to carrier $0
Premiums due but unpaid at the end of the year $0
If the carrier, service, or other organization incurred any specific costs in connection with the acquisition or retention of the contract or policy, enter amount $0
Specify the nature of the costs
Unallocated Funds
Balance at the end of the previous year $88,054,249
Additions $32,029,045
Contributions Deposited during the year $18,356,847
Dividends and credits $0
Interest credited during the year $1,377,429
Transferred from separate account $2,743,861
Other $9,550,908
Total of Balance and Additions $120,083,294
Deductions $21,892,818
Disbursed from fund to pay benefits or purchase annuities during the year $12,219,149
Administration charge made by carrier $26,494
Transferred to Separate Account $1,604,953
Other $8,042,222
Balance at the end of the current year $98,190,476