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Overview

Plan Information

  • Plan Year01/01/2018 — 12/31/2018
  • Date of Plan01/01/1989
  • Net Assets as of 12/31/2018 $347,875,425
  • Plan Number1
  • Plan Type Single Employer
  • Is the plan collectively bargained?Yes
  • 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 12/31/2018

  • Active (Eligible) Participants4,420
  • Retired or separated participants receiving benefits13
  • Other retired or separated participants entitled to future benefits1,088
  • Subtotal5,521
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits11
  • Total5,532
  • Total number of participants as of 01/01/20185,409
  • Number of participants with account balances4,676
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested230

Expenses

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

Sponsor Information

  • Address5500 S Quebec St,
  • CityGreenwood Village
  • StateCO
  • Zip80111
  • Telephone(303) 414-7608
  • EIN84-0915893
  • Industry Code481000
  • Named AdministratorGayle Brocksmith

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.
2R Brokerage Window Participant-directed brokerage accounts provided as an investment option under the plan.
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.
3D Master plan A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
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? Yes $635
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 $26,321,920
Contributions $47,444,663
Cash Contributions $47,444,663
Cash from Employers $14,827,573
Cash from Participants $28,500,193
Others (including rollovers) $4,116,897
Noncash Contributions $0
Total Earnings on Investments $-21,315,243
Total Interest $747,842
Interest-Bearing Cash $214,372
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $533,470
Interest from Other Investments $0
Total Dividends $19,449,873
Preferred Stock $516
Common Stock $29,715
Rents $0
Net gain (loss) on sale of assets $121,684
Aggregate Proceeds $7,913,094
Aggregate Carrying Amount $7,791,410
Total Unrealized Appreciation (depreciation) of assets $-524,558
Real Estate $0
Other $-524,558
Net investment gain (loss) from common/collective trusts $253,579
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 $-41,363,663
Other Income $192,500
Expenses $39,293,974
Total Benefit Payments $38,709,765
Directly to participants or beneficiaries, including direct rollovers $38,709,765
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $133,389
Certain deemed distributions of participant loans $99,282
Interest expense $0
Total Administrative Expenses $351,538
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $259,930
Other Administrative Fees $91,608
Net Income $-12,972,054
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2018 12/31/2017 Change YOY
Total Assets $348,007,527 $360,847,479 -3.56%
Total noninterest-bearing cash $1,000 $18,455 -94.58%
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 $16,288,770 $16,212,832 0.47%
Interest-bearing cash $16,288,770 $16,212,832 0.47%
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 $2,681,837 $1,479,865 81.22%
Preferred $0 $13,925 -100.00%
Common $2,681,837 $1,465,940 82.94%
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 $9,284,814 $8,758,186 6.01%
Value of interest in common/collective trusts $13,108,822 $12,753,579 2.79%
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 $306,643,069 $321,627,602 -4.66%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $-785 $-3,040 -74.18%
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 $132,102 $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) $132,102 $0 0.0%
Net Assets $347,875,425 $360,847,479 -3.59%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Fidelity Investments Institutional

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
Strategic Advisors, Inc. Investment advisory (plan) Advisor $259,930 $0 $259,930
Fidelity Investments Institutional Participant loan processing, Sub-transfer agency fees, Recordkeeping fees, Account maintenance fees, Securities brokerage commissions and fees Recordkeeper $91,608 $0 $91,608
Total $351,538 $0 $351,538

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Fidelity Investments Institutional Abf Sm Cap Val Inst - Boston Finan Sub-transfer agency fees 0.04% $0
Fidelity Investments Institutional Amcent Infl Adjbd R5 - American Ce Sub-transfer agency fees 0.05% $0
Fidelity Investments Institutional Cohen & Steers Rlty - Boston Finan Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional H & W High Yield I - U.S. Bancorp Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Invs Divrs Divd R5 - Invesco Inves Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Oakmark Eq & Inc Inv - Dst Asset M Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Berkshire Focus Fund Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Riskpro Pfg Aggressive 30 Fd R Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Riskpro Pfg 30 Fund Cl R Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Tcw Total Return Bond Class N Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Buffalo Flexible Income Fund Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Parnassus Mid Cap Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional James Balanced Golden Rainbow Fund Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Riskpro Alternative 0 15 Fund Cl R Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Riskpro Tactical 0 30 Fd Cl R Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Riskpro Pfg Global 30 Fd Cl R Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Firsthand Technologyopportunities Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Riskpro Pfg Balanced 20 30 Cl R Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Riskpro Dynamic 15 25 Fund Cl R Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Tocqueville Gold Fund Sub-transfer agency fees $16.00 $0
Fidelity Investments Institutional Aberdeen Total Return Bond Fd Cl A Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Greenspring Fund Sub-transfer agency fees $16.00 $0
Fidelity Investments Institutional Riskpro Aggressive 30 Fund Cl R Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Riskpro Pfg Equity 30 Fund Cl R Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Riskpro Dynamic 20 30 Fund Cl R Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Riskpro 30 Fund Cl R Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Pimco Total Return Class A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Franklin Mutual European Fund Cl A Sub-transfer agency fees $16.00 $0
Fidelity Investments Institutional Riskpro Pfg 0 15 Fd Class R Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Permanent Portfolio Sub-transfer agency fees 0.38% $0
Fidelity Investments Institutional Rydex Consumer Products Fd Cl A Sub-transfer agency fees 0.40% $0
*As outlined by the Form 5500 Instructions for service providers with indirect compensation.

Service Providers Who Fail or Refuse to Provide Information

Name Nature of Service Description of Information

Service Providers Who Fail or Refuse to Provide Information

Termination Information on Accountants and Enrolled Actuaries

Name Position Explanation
Eks&H LLLP Audit and Reporting Initiated An RFP and Selected A New Vendor. We Terminated Audit Services With Eks&H Effective 12/31/2018.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Morley Stable Value Union Bond & Trust Company DFE: Common/Collective Trust $13,108,822
Total $13,108,822

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.