Back to top
FORM 5500 DATA

Dillard's, Inc. Investment & Employee Stock Ownership Plan

Overview

Plan Information

  • Plan Year01/01/2014 — 12/31/2014
  • Date of Plan07/01/1965
  • Net Assets as of 12/31/2014 $1,645,759,180
  • Plan Number111
  • 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 12/31/2014

  • Active (Eligible) Participants43,571
  • Retired or separated participants receiving benefits5,991
  • Other retired or separated participants entitled to future benefits15,043
  • Subtotal64,605
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits116
  • Total64,721
  • Total number of participants as of 01/01/201460,997
  • Number of participants with account balances36,649
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested538

Expenses

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

Sponsor Information

  • AddressPo Box 486 1600 Cantrell Road
  • CityLittle Rock
  • StateAR
  • Zip72203
  • Telephone(501) 376-5369
  • EIN71-0388071
  • Industry Code452110
  • Named AdministratorPhillip R. Watts
  • Named Plan SponsorPhillip R. Watts

Audit Information

  • Audit StatusAudited
  • AuditorCrowe Horwath LLP
  • Auditor EIN35-0921680
  • Audit OpinionUnqualified
  • Audit Type Full Audit

Benefits Provided Under the Plan

Code Benefit Description
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.
2I Stock bonus A stock bonus plan is a type of profit-sharing by which a corporation uses its own stock to make contributions and distributions.
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.
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.
3F Leased Employees Plan sponsor(s) received services of leased employees, as defined in Code section 414(n), during the plan year.
3H Controlled Group Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).
3I Employer Securities Limitations Plan requiring that all or part of employer contributions be invested and held, at least for a limited period, in employer securities.

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 $1,000,000
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? Yes
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 $341,625,669
Contributions $52,994,320
Cash Contributions $52,994,320
Cash from Employers $17,088,215
Cash from Participants $35,482,523
Others (including rollovers) $423,582
Noncash Contributions $0
Total Earnings on Investments $287,912,494
Total Interest $465,927
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $465,927
Interest from Other Investments $0
Total Dividends $8,280,763
Preferred Stock $0
Common Stock $2,238,618
Rents $0
Net gain (loss) on sale of assets $13,579,066
Aggregate Proceeds $161,227,079
Aggregate Carrying Amount $147,648,013
Total Unrealized Appreciation (depreciation) of assets $246,708,934
Real Estate $0
Other $246,708,934
Net investment gain (loss) from common/collective trusts $8,855,553
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 $10,022,251
Other Income $718,855
Expenses $135,781,728
Total Benefit Payments $134,208,764
Directly to participants or beneficiaries, including direct rollovers $134,208,764
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $42,949
Interest expense $0
Total Administrative Expenses $1,530,015
Professional Fees $113,329
Contract Administrator Fees $1,178,796
Investment Advisory and management fees $237,890
Other Administrative Fees $0
Net Income $205,843,941
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 $1,645,947,864 $1,440,098,369 14.29%
Total noninterest-bearing cash $368 $86,289 -99.57%
Receivables $594,403 $657,570 -9.61%
Employer Contributions $52,072 $63,249 -17.67%
Participant Contributions $461 $29 1489.66%
Other Contributions $541,870 $594,292 -8.82%
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 $11,794,601 $11,304,163 4.34%
Value of interest in common/collective trusts $196,238,392 $179,495,241 9.33%
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 $308,428,709 $285,984,894 7.85%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $0 $0 0.0%
Employer-related Investments $1,128,891,391 $962,570,212 17.28%
Employer Securities $1,128,891,391 $962,570,212 17.28%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $188,684 $183,130 3.03%
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) $188,684 $183,130 3.03%
Net Assets $1,645,759,180 $1,439,915,239 14.30%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Alger
  • American Funds
  • Goldman Sachs
  • Harbor
  • Invesco
  • Jp Morgan
  • Legg Mason
  • Pimco Funds
  • Prudential
  • Vanguard

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
Wells Fargo Bank, N.A. Recordkeeping and information management (computing, tabulating, data processing, etc.), Trustee (bank, trust company, or similar financial institution), Participant loan processing, Other services, Direct payment from the plan, Investment management fees paid indirectly by plan, Sub-transfer agency fees, Float revenue, Distribution (12b-1) fees, Recordkeeping fees Recordkeeper $1,105,902 $0 $1,105,902
Evercore Trust Company, N.A. Trustee (bank, trust company, or similar financial institution), Direct payment from the plan Service Provider $155,000 $0 $155,000
Newport Group Securities Investment advisory (plan), Direct payment from the plan Service Provider $82,890 $0 $82,890
Friday Eldredge & Clark, LLP Legal, Direct payment from the plan Service Provider $78,585 $0 $78,585
Merrill Communications LLC Participant communication, Direct payment from the plan Service Provider $69,746 $0 $69,746
Crowe Horwath LLP Accounting (including auditing), Direct payment from the plan Service Provider $33,000 $0 $33,000
Total $1,525,123 $0 $1,525,123

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
Wells Fargo Stable Return Fund N Wells Fargo Bank, N.A. DFE: Common/Collective Trust $145,644,425
Wf/Blackrock S&P 500 Index Fund N Wells Fargo Bank, N.A. DFE: Common/Collective Trust $50,593,967
Total $196,238,392

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.