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Overview

Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan12/31/1988
  • Net Assets as of 12/31/2019 $1,200,249,984
  • Plan Number6
  • 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 12/31/2019

  • Active (Eligible) Participants5,155
  • Retired or separated participants receiving benefits114
  • Other retired or separated participants entitled to future benefits4,111
  • Subtotal9,380
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits63
  • Total9,443
  • Total number of participants as of 01/01/201910,090
  • Number of participants with account balances9,346
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested748

Expenses

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

Sponsor Information

  • Address9201 East Dry Creek Road
  • CityCentennial
  • StateCO
  • Zip80112
  • Telephone(303) 824-4000
  • EIN11-1806155
  • Industry Code423600
  • Named AdministratorSarah Richardson

Audit Information

  • Audit StatusAudited
  • AuditorAcm LLP
  • Auditor EIN01-0724563
  • 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.
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.
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? Yes $15,066
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 $5,000,000
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 $298,107,506
Contributions $71,047,690
Cash Contributions $71,047,690
Cash from Employers $19,254,793
Cash from Participants $45,471,528
Others (including rollovers) $6,321,369
Noncash Contributions $0
Total Earnings on Investments $226,923,392
Total Interest $692,329
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $692,329
Interest from Other Investments $0
Total Dividends $12,639,599
Preferred Stock $0
Common Stock $0
Rents $0
Net gain (loss) on sale of assets $871,488
Aggregate Proceeds $7,089,679
Aggregate Carrying Amount $6,218,191
Total Unrealized Appreciation (depreciation) of assets $9,075,552
Real Estate $0
Other $9,075,552
Net investment gain (loss) from common/collective trusts $156,430,517
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 $47,213,907
Other Income $136,424
Expenses $125,661,707
Total Benefit Payments $124,716,763
Directly to participants or beneficiaries, including direct rollovers $124,685,152
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $31,611
Corrective Distributions $5,827
Certain deemed distributions of participant loans $16,980
Interest expense $0
Total Administrative Expenses $922,137
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $922,137
Net Income $172,445,799
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 $1,200,249,984 $1,027,804,185 16.78%
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 $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 $12,085,327 $12,681,194 -4.70%
Value of interest in common/collective trusts $773,590,179 $651,904,630 18.67%
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 $365,013,427 $316,514,676 15.32%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $0 $0 0.0%
Employer-related Investments $49,561,051 $46,703,685 6.12%
Employer Securities $49,561,051 $46,703,685 6.12%
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 $1,200,249,984 $1,027,804,185 16.78%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • The Vanguard Group, Inc.

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
The Vanguard Group, Inc. Recordkeeping and information management (computing, tabulating, data processing, etc.), Consulting (general), Trustee (directed), Investment advisory (participants), Participant loan processing, Investment management fees paid indirectly by plan, Other fees NONE $883,787 $0 $883,787
Cook Street Consulting Inc. Consulting (general), Investment advisory (plan) NONE $81,900 $0 $81,900
Total $965,687 $0 $965,687

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
The Vanguard Group, Inc. Eaton Vance Management Sub-transfer agency fees 6.04 Bps $0
The Vanguard Group, Inc. Dodge & Cox Other fees 8 Bps $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.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
T. Rowe Price Blue Chip Gr Tr Cl T4 T.Rowe Price Trust Co DFE: Common/Collective Trust $228,754,542
Blackrock Equity Ind Nl M Blackrock DFE: Common/Collective Trust $118,962,185
Vftc Target Retirement 2025 Trst II Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $76,713,455
Vftc Target Retirement 2030 Trst II Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $61,814,519
Vftc Target Retirement 2035 Trst II Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $60,013,457
Vftc Target Retirement 2020 Trst II Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $40,774,108
Vftc Target Retirement 2040 Trst II Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $37,871,208
Vftc Target Retirement 2045 Trst II Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $34,354,282
Vftc Target Retirement 2050 Trst II Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $29,863,749
Vftc Retirement Savings Trust III Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $27,221,930
Vftc Target Retirement Inc Trst II Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $20,265,013
Vftc Target Retirement 2015 Trst II Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $17,835,699
Vftc Target Retirement 2055 Trst II Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $14,586,960
Vftc Target Retirement 2060 Trst II Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $4,335,327
Vftc Target Retirement 2065 Trst II Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $223,747
T. Rowe Price Blue Chip Gr Tr T2 Cl T. Rowe Price Trust Co DFE: Common/Collective Trust $0
Total $773,590,181

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.