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Overview

Plan Information

  • Plan Year02/01/2017 — 01/31/2018
  • Date of Plan02/01/1997
  • Net Assets as of 01/31/2018 $30,121,120,097
  • Plan Number3
  • 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 01/31/2018

  • Active (Eligible) Participants1,499,373
  • Retired or separated participants receiving benefits2,991
  • Other retired or separated participants entitled to future benefits151,323
  • Subtotal1,653,687
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits1,344
  • Total1,655,031
  • Total number of participants as of 02/01/20171,666,133
  • Number of participants with account balances995,463
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested1,381

Expenses

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

Sponsor Information

  • Address508 SW 8th Street
  • CityBentonville
  • StateAR
  • Zip72716-0295
  • Telephone(800) 421-1362
  • EIN71-0415188
  • Industry Code452900
  • Named AdministratorHogantaylor LLP Preparer

Audit Information

  • Audit StatusAudited
  • AuditorErnst & Young, LLP
  • Auditor EIN34-6565596
  • Audit OpinionUnqualified
  • Audit Type Full 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.
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.
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 $100,000,000
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 $8,337,542,089
Contributions $2,693,110,287
Cash Contributions $2,693,110,287
Cash from Employers $1,114,072,765
Cash from Participants $1,523,245,818
Others (including rollovers) $55,791,704
Noncash Contributions $0
Total Earnings on Investments $5,642,839,300
Total Interest $45,656,546
Interest-Bearing Cash $2,099
U.S. Government Securities $76,345
Corporate Debt Instruments $36,992
Loans (other than to participants) $0
Participant Loans $45,541,110
Interest from Other Investments $0
Total Dividends $94,600,375
Preferred Stock $0
Common Stock $88,946,832
Rents $0
Net gain (loss) on sale of assets $81,031,238
Aggregate Proceeds $8,074,578,665
Aggregate Carrying Amount $7,993,547,427
Total Unrealized Appreciation (depreciation) of assets $1,866,591,789
Real Estate $0
Other $1,866,591,789
Net investment gain (loss) from common/collective trusts $3,230,861,705
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 $69,552,474
Net investment gain (loss) from registered investment companies $254,545,173
Other Income $1,592,502
Expenses $2,401,614,763
Total Benefit Payments $2,355,570,277
Directly to participants or beneficiaries, including direct rollovers $2,355,570,277
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 $46,044,486
Professional Fees $751,182
Contract Administrator Fees $22,050,370
Investment Advisory and management fees $23,242,934
Other Administrative Fees $0
Net Income $5,935,927,326
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

01/31/2018 01/31/2017 Change YOY
Total Assets $30,155,289,130 $24,213,859,633 24.54%
Total noninterest-bearing cash $170,000 $0 0.0%
Receivables $5,291,446 $0 0.0%
Employer Contributions $0 $0 0.0%
Participant Contributions $0 $0 0.0%
Other Contributions $5,291,446 $0 0.0%
General Investments $421,401,634 $361,432,777 16.59%
Interest-bearing cash $11,273,390 $16,650,104 -32.29%
U.S. Government Securities $410,128,244 $344,782,673 18.95%
Corporate Debt Instruments $198,723,836 $295,637,852 -32.78%
Preferred $0 $0 0.0%
All Other $198,723,836 $295,637,852 -32.78%
Corporate Stocks $2,087,799,317 $1,931,756,021 8.08%
Preferred $0 $0 0.0%
Common $2,087,799,317 $1,931,756,021 8.08%
Partnership/joint venture interests $0 $9,288,410 -100.00%
Real estate (other than employer real property) $0 $0 0.0%
Loans (other than to participants) $0 $0 0.0%
Participants Loans $1,072,859,045 $952,901,404 12.59%
Value of interest in common/collective trusts $20,269,367,509 $16,709,138,040 21.31%
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 $447,718,232 $0 0.0%
Value of interest in registered investment companies $1,467,008,488 $1,205,788,275 21.66%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $129,106,910 $0 0.0%
Employer-related Investments $4,055,842,713 $2,747,916,854 47.60%
Employer Securities $4,055,842,713 $2,747,916,854 47.60%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $34,169,033 $28,666,862 19.19%
Benefit Claims Payable (1) $21,247,561 $21,238,900 0.04%
Operating Payables (1) $12,921,472 $7,427,962 73.96%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $30,121,120,097 $24,185,192,771 24.54%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Sei Trust Company
  • Global Trust Company
  • Principal Global Investors Trust Co
  • Pimco
  • Prudential Trust Co
  • Comerica Bank & Trust, N.A.
  • Boston Partners Trust Company
  • Mondrian Investment Partners Limite
  • Goldman Sachs Trust Company, N.A.
  • The Northern Trust Company
  • Capital Research and Management Co
  • Jacobs Levy Equity Management
  • Reliance Trust Company

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
Merrill Lynch Pierce Fenner Smith I Recordkeeping and information management (computing, tabulating, data processing, etc.), Sub-transfer agency fees, Float revenue, Other investment fees and expenses, Contract Administrator, Participant loan processing, Participant communication, Account maintenance fees $22,050,369 $0 $22,050,369
Blackrock Institutional Trust Co Na Investment management, Investment advisory (plan) $5,661,068 $0 $5,661,068
Wellington Trust Company, N.A. Investment management $3,644,902 $0 $3,644,902
Invesco Capital Management Investment management $2,312,454 $0 $2,312,454
Westwood Management Corp. Investment management $1,630,234 $0 $1,630,234
Jacobs Levy Equity Management Inc. Investment management $1,552,567 $0 $1,552,567
Copeland Capital Management, LLC Investment management $1,199,910 $0 $1,199,910
Elk Creek Partners, LLC Investment management $1,196,567 $0 $1,196,567
Loomis Sayles Investment management $1,099,932 $0 $1,099,932
Eam Investors, LLC Investment management $950,811 $0 $950,811
Snow Capital Management, Lp Investment management $946,741 $0 $946,741
Waddell & Reed Investment Managemen Investment management $872,015 $0 $872,015
The Northern Trust Company Trustee (bank, trust company, or similar financial institution), Custodial (other than securities), Custodial (securities), Trustee (directed), Investment management fees paid indirectly by plan $751,182 $0 $751,182
Falcon Point Capital, LLC Investment management $731,699 $0 $731,699
Panagora Asset Management Investment management $685,700 $0 $685,700
Jp Morgan Investment Management Inc Investment management $472,956 $0 $472,956
Meketa Investment Group Investment management fees paid directly by plan $234,447 $0 $234,447
Russell Investments Investment advisory (plan), Named fiduciary $50,626 $0 $50,626
Total $46,044,180 $0 $46,044,180

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
Russell 1000 Index Non-Lendable Fun Blackrock Institutional Trust Company, N.A. DFE: Common/Collective Trust $7,538,346,778
Msci Acwi Ex Us Imi Index Non-Lenda Blackrock Institutional Trust Company, N.A. DFE: Common/Collective Trust $2,125,905,684
Us Debt Index Non-Lendable Fund F Blackrock Institutional Trust Company, N.A. DFE: Common/Collective Trust $1,111,787,705
The Collective Lsv International The Northern Trust Company DFE: Common/Collective Trust $1,085,478,903
Jpmcb Short Duration Bond Fund Jp Morgan Chase Bank, N.A. DFE: Common/Collective Trust $725,730,125
The Goldman Sachs Collective Trust The Goldman Sachs Trust Company, N.A. DFE: Common/Collective Trust $683,479,787
Prudential Core Plus Bond Fund Prudential Trust Company DFE: Common/Collective Trust $682,487,766
Fiera Asset Management USA Collecti Sei Trust Company DFE: Common/Collective Trust $662,836,000
Global Property Securities Fund Principal Global Investors Trust Co DFE: Common/Collective Trust $564,378,844
Invesco Equity Global Real Estate Invesco Trust Company DFE: Common/Collective Trust $560,056,066
Wellington Trust Company, Na Cif II Wellington Trust Company, Na DFE: Common/Collective Trust $449,428,610
Mondrian Wal-Mart Focused Internati Mondrian Investment Partners Limited DFE: 103-12 Investment Entity $447,718,232
The Presima Global Real Estate Conc The Northern Trust Company DFE: Common/Collective Trust $372,571,055
Aew Global Properties Trust Fund Cl Sei Trust Company DFE: Common/Collective Trust $372,509,331
Government Short-Term Investment Fu Blackrock Institutional Trust Company, N.A. DFE: Common/Collective Trust $359,828,048
Monarch Partners Small-Mid Cap Valu Reliance Trust Company DFE: Common/Collective Trust $350,915,371
Russell 2000 Index Non-Lendable Fun Blackrock Institutional Trust Company, N.A. DFE: Common/Collective Trust $320,627,582
Large Cap Value Equity Fund Boston Partners Trust Company DFE: Common/Collective Trust $310,935,509
Corecommodity Management Diversifie Sei Trust Company DFE: Common/Collective Trust $270,718,165
Aqr Emerging Equities Collective In Global Trust Company DFE: Common/Collective Trust $230,583,718
Harding Loevner Emerging Markets Co Global Trust Company DFE: Common/Collective Trust $227,347,517
Us Treasury Inflation Protected SE Blackrock Institutional Trust Company, N.A. DFE: Common/Collective Trust $220,270,169
Nuveen Global Infrastructure Fund Sei Trust Company DFE: Common/Collective Trust $191,065,768
Russell 1000 Defensive Index Non-Le Blackrock Institutional Trust Company, N.A. DFE: Common/Collective Trust $185,406,833
Gresham Djf Collective Investment Sei Trust Company DFE: Common/Collective Trust $180,295,378
Drz Small Cap Value Collective Fund Comerica Bank & Trust, N.A. DFE: Common/Collective Trust $163,641,289
Wpg Partners Small Cap Value Fund Boston Partners Trust Company DFE: Common/Collective Trust $160,079,314
Cohen & Steers Global Listed Infra Sei Trust Company DFE: Common/Collective Trust $96,105,318
Russell 2500 Index Non-Lendable Fun Blackrock Institutional Trust Company, N.A. DFE: Common/Collective Trust $64,761,981
Collective Short Term Investment Fu The Northern Trust Company DFE: Common/Collective Trust $1,788,895
First Ste Inv Gl Listed Inf Fd The Northern Trust Company DFE: Common/Collective Trust $0
Total $20,717,085,741

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.