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FORM 5500 DATA

LEDVANCE LLC 401k Savings Plan

Overview

Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan06/01/2016
  • Net Assets as of 12/31/2019 $218,790,231
  • Plan Number7
  • 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 12/31/2019

  • Active (Eligible) Participants634
  • Retired or separated participants receiving benefits1
  • Other retired or separated participants entitled to future benefits623
  • Subtotal1,258
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits5
  • Total1,263
  • Total number of participants as of 01/01/20191,590
  • Number of participants with account balances1,092
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested0

Expenses

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

Sponsor Information

  • Address200 Ballardvale Street
  • CityWilmington
  • StateMA
  • Zip01887
  • Telephone(978) 753-5095
  • EIN81-0887998
  • Industry Code551112
  • Named AdministratorAndrew Martin
  • Named Plan SponsorAlan Barlow

Plan Administrator Information

  • Administrator NameBenefits Admin Committee and Invest Committee of Ledvance LLC
  • Address200 Ballardvale Street Attn Hr Service Center
  • CityWilmington
  • StateMA
  • Zip01887
  • Telephone(978) 753-5095
  • Administrator EIN81-0887998

Audit Information

  • Audit StatusAudited
  • AuditorRsm Us LLP
  • Auditor EIN42-0714325
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
2A Age/Service Weighted or New Comparability or Similar Plan Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New Comparability or Similar Plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the threshold or additional rate allowed under the permitted disparity rules of section 401(l)
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.
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.

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

Financials

Income and Expense Statement

Income $50,262,254
Contributions $11,187,094
Cash Contributions $11,187,094
Cash from Employers $5,363,584
Cash from Participants $5,700,558
Others (including rollovers) $122,952
Noncash Contributions $0
Total Earnings on Investments $39,075,160
Total Interest $1,286,898
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $113,287
Interest from Other Investments $1,173,611
Total Dividends $28,308
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 $25,830,061
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 $11,929,893
Other Income $0
Expenses $50,498,361
Total Benefit Payments $49,837,805
Directly to participants or beneficiaries, including direct rollovers $49,837,805
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $660,556
Professional Fees $552,835
Contract Administrator Fees $0
Investment Advisory and management fees $107,721
Other Administrative Fees $0
Net Income $-236,107
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2019 12/31/2018 Change YOY
Total Assets $218,978,678 $219,257,902 -0.13%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $0 $0 0.0%
Employer Contributions $0 $0 0.0%
Participant Contributions $0 $0 0.0%
Other Contributions $0 $0 0.0%
General Investments $22 $7,344 -99.70%
Interest-bearing cash $22 $7,344 -99.70%
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 $2,276,401 $3,558,380 -36.03%
Value of interest in common/collective trusts $109,399,749 $108,049,822 1.25%
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 $66,326,209 $61,154,841 8.46%
Value of funds held in insurance co. general account $34,713,886 $40,587,821 -14.47%
Other Investments $6,262,411 $5,899,694 6.15%
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 $188,447 $231,564 -18.62%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $188,447 $152,848 23.29%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $78,716 -100.00%
Net Assets $218,790,231 $219,026,338 -0.11%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Eaton Vance Management
  • Loomis Sayles Trust Company
  • Alight Financial Advisors, 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
Alight Solutions Recordkeeping and information management (computing, tabulating, data processing, etc.), Direct payment from the plan NONE $294,500 $0 $294,500
The Bank of New York Mellon Trustee (bank, trust company, or similar financial institution), Direct payment from the plan Trustee $141,271 $0 $141,271
Invesco Investment management, Direct payment from the plan, Investment management fees paid directly by plan, Other fees NONE $86,370 $0 $86,370
Aon Hewitt Investment Consultants Investment management, Direct payment from the plan NONE $50,000 $0 $50,000
Rsm Us LLP Accounting (including auditing), Direct payment from the plan NONE $40,159 $0 $40,159
Aon Consulting, Inc. Recordkeeping and information management (computing, tabulating, data processing, etc.), Direct payment from the plan NONE $27,050 $0 $27,050
Blackrock Institutional Trust Co. Trustee (bank, trust company, or similar financial institution), Trustee (discretionary), Investment management, Direct payment from the plan, Investment management fees paid directly by plan NONE $21,351 $0 $21,351
Alight Financial Solutions, LLC Securities brokerage, Finders' fees/placement fees, Distribution (12b-1) fees, Securities brokerage commissions and fees, Other fees NONE $0 $3,951 $3,951
Pershing LLC Shareholder servicing fees, Finders' fees/placement fees NONE $0 $1,705 $1,705
Total $660,701 $5,656 $666,357

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Alight Financial Solutions, LLC Pershing LLC Finders' fees/placement fees Finders Fees $166
Alight Financial Solutions, LLC Multiple Mutual Fund Companies Distribution (12b-1) fees Aggregated Investment Manager Fund Fees $578
Pershing LLC Multiple Mutual Fund Companies Shareholder servicing fees Shareholder Servicing Fees $106
Pershing LLC Multiple Mutual Fund Companies Finders' fees/placement fees Finders Fees $1,599
Alight Financial Solutions Pershing LLC Securities brokerage commissions and fees, Other fees Securities Brokerage Commissions and Fees $3,207
*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

Name Position Explanation
Aon Consulting Recordkeeper Fresh Perspective/Fees

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Blackrock Equity Index Fund Blackrock Institutional Trust Company DFE: Common/Collective Trust $51,831,786
Msci Acwi Imi Non-Lendable Fund Blackrock Institutional Trust Company, N.A. DFE: Common/Collective Trust $18,427,264
Blackrock Russell 2500 Index Fund Blackrock Institutional Trust Company, N.A. DFE: Common/Collective Trust $17,094,962
Blackrock Us Debt Index Fund Blackrock Institutional Trust Company, N.A. DFE: Common/Collective Trust $12,838,879
Loomis Sayles Core Plus Fund Loomis Sayles Trust Company LLC DFE: Common/Collective Trust $4,915,848
Eb Temporary Investment Fund The Bank of New York Mellon DFE: Common/Collective Trust $3,810,018
Blackrock Strategic Completion Fund Blackrock Institutional Trust Company, N.A. DFE: Common/Collective Trust $480,992
Total $109,399,749

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
The Prudential Insurance Company of America 0
EIN 22-1211670
Industry Code 68241
Contract Number GA-63787
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $6,943,072
Value in Separate Accounts at Year End $0
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
Type of Contract Guaranteed Investment
Balance at the end of the previous year $8,326,339
Additions $731,626
Contributions Deposited during the year $480,000
Dividends and credits $0
Interest credited during the year $251,626
Transferred from separate account $0
Other $0
Total of Balance and Additions $9,057,965
Deductions $2,114,893
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $2,114,893
Balance at the end of the current year $6,943,072
Transamerica Premier Life Insurance Company 0
EIN 52-0419790
Industry Code 66281
Contract Number MDA01297TR
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $6,941,759
Value in Separate Accounts at Year End $0
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
Type of Contract Guaranteed Investment
Balance at the end of the previous year $8,106,379
Additions $964,622
Contributions Deposited during the year $730,000
Dividends and credits $0
Interest credited during the year $234,622
Transferred from separate account $0
Other $0
Total of Balance and Additions $9,071,001
Deductions $2,129,242
Disbursed from fund to pay benefits or purchase annuities during the year $2,129,242
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $6,941,759
State Street Bank 0
EIN 04-1867445
Industry Code 00000
Contract Number 161003
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $6,939,322
Value in Separate Accounts at Year End $0
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
Type of Contract Guaranteed Investment
Balance at the end of the previous year $8,009,237
Additions $1,033,333
Contributions Deposited during the year $800,000
Dividends and credits $0
Interest credited during the year $233,333
Transferred from separate account $0
Other $0
Total of Balance and Additions $9,042,570
Deductions $2,103,248
Disbursed from fund to pay benefits or purchase annuities during the year $2,103,248
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $6,939,322
Pacific Life Insurance 0
EIN 95-1079000
Industry Code 67466
Contract Number G-27747.01.0001
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $6,940,823
Value in Separate Accounts at Year End $0
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
Type of Contract Guaranteed Investment
Balance at the end of the previous year $8,033,666
Additions $9,043,554
Contributions Deposited during the year $8,796,552
Dividends and credits $0
Interest credited during the year $247,002
Transferred from separate account $0
Other $0
Total of Balance and Additions $17,077,220
Deductions $10,136,397
Disbursed from fund to pay benefits or purchase annuities during the year $10,136,397
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $6,940,823
Voya Retirement Insurance & Annuity Co 0
EIN 71-0294708
Industry Code 86509
Contract Number 60457
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $6,948,909
Value in Separate Accounts at Year End $0
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
Type of Contract Guaranteed Investment
Balance at the end of the previous year $8,112,199
Additions $957,482
Contributions Deposited during the year $725,000
Dividends and credits $0
Interest credited during the year $232,482
Transferred from separate account $0
Other $0
Total of Balance and Additions $9,069,681
Deductions $2,120,772
Disbursed from fund to pay benefits or purchase annuities during the year $2,120,772
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $6,948,909