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Aspen Skiing Company

Plan Rating

Overview Financials Service Providers Investments Insurance Information

FORM 5500 DATA

Aspen Skiing Company Savings Plan

Plan Rating

Overview Financials Service Providers Investments Insurance Information

Overview

Plan Information

Plan Year06/01/2018 — 05/31/2019
Date of Plan05/01/1986
Net Assets as of 05/31/2019 $95,163,152
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 05/31/2019

Active (Eligible) Participants2,226
Retired or separated participants receiving benefits17
Other retired or separated participants entitled to future benefits223
Subtotal2,466
Deceased participants whose beneficiaries are receiving or are entitled to receive benefits5
Total2,471
Total number of participants as of 06/01/20182,430
Number of participants with account balances1,317
Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested5

Expenses

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

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.

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	$745,387
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	$3,000,000
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?	Yes	$248
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

$7,748,505

Contributions

$7,806,585

Cash Contributions

$7,806,585

	Cash from Employers	$2,754,283
	Cash from Participants	$5,014,353
	Others (including rollovers)	$37,949

Noncash Contributions

Total Earnings on Investments

$-58,080

Total Interest

$126,108

	Interest-Bearing Cash	$93,358
	U.S. Government Securities	$0
	Corporate Debt Instruments	$0
	Loans (other than to participants)	$0
	Participant Loans	$32,750
	Interest from Other Investments	$0

Total Dividends

$5,689,039

	Preferred Stock	$0
	Common Stock	$24,883

Rents

Net gain (loss) on sale of assets

$-168

	Aggregate Proceeds	$1,619,304
	Aggregate Carrying Amount	$1,619,472

Total Unrealized Appreciation (depreciation) of assets

$-30,729

	Real Estate	$0
	Other	$-30,729

Net investment gain (loss) from common/collective trusts

$17,634

Net investment gain (loss) from pooled separate accounts

Net investment gain (loss) from master trust investment accounts

Net investment gain (loss) from 103-12 investment entities

Net investment gain (loss) from registered investment companies

$-5,859,964

Other Income

Expenses

$4,194,423

Total Benefit Payments

$4,169,558

	Directly to participants or beneficiaries, including direct rollovers	$4,169,558
	To insurance carriers for the provision of benefits	$0
	Other Benefit Payment Fees	$0

Corrective Distributions

Certain deemed distributions of participant loans

$5,479

Interest expense

Total Administrative Expenses

$19,386

	Professional Fees	$0
	Contract Administrator Fees	$0
	Investment Advisory and management fees	$18,542
	Other Administrative Fees	$844

Net Income

$3,554,082

	Transfers of Assets to this Plan	$0
	Transfers of Assets from this Plan	$0

Asset and Liability Statement

05/31/2019

05/31/2018

Change YOY

Total Assets

$95,163,152

$91,609,070

3.88%

Total noninterest-bearing cash

0.0%

Receivables

$1,935,885

$746,074

159.48%

Employer Contributions	$1,816,870	$746,074	143.52%
Participant Contributions	$119,015	$0	0.0%
Other Contributions	$0	$0	0.0%

General Investments

$5,419,334

$5,541,696

-2.21%

Interest-bearing cash

$5,419,334

$5,541,696

-2.21%

U.S. Government Securities

0.0%

Corporate Debt Instruments

0.0%

	Preferred		$0	$0	0.0%
	All Other		$0	$0	0.0%

Corporate Stocks

$1,692,820

$1,604,155

5.53%

	Preferred		$0	$0	0.0%
	Common		$1,692,820	$1,604,155	5.53%

Partnership/joint venture interests

0.0%

Real estate (other than employer real property)

0.0%

Loans (other than to participants)

0.0%

Participants Loans

$809,698

$781,712

3.58%

Value of interest in common/collective trusts

$1,050,857

$396,694

164.90%

Value of interest in pooled separate accounts

0.0%

Value of interest in master trust investment accounts

0.0%

Value of interest in 103-12 investment entities

0.0%

Value of interest in registered investment companies

$84,254,558

$82,538,739

2.08%

Value of funds held in insurance co. general account

0.0%

Other Investments

0.0%

Employer-related Investments

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%

Total Liabilities

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

$95,163,152

$91,609,070

3.88%

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	$18,542	$0	$18,542
Fidelity Investments Institutional	Participant loan processing, Sub-transfer agency fees, Recordkeeping fees, Account maintenance fees, Securities brokerage commissions and fees	Recordkeeper	$4,922	$0	$4,922
Total			$23,464	$0	$23,464

Indirect Compensation

Name	Source of Indirect Compensation*	Nature of Service	Description of Indirect Compensation	Indirect Compensation Paid by Plan
Fidelity Investments Institutional	Tcw Select Equities Class N	Sub-transfer agency fees	0.40%	$0
Fidelity Investments Institutional	T Rowe Price Global Technology	Sub-transfer agency fees	0.15%	$0
Fidelity Investments Institutional	Riskpro Pfg Global 30 Fd Cl R	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 Pfg Equity 30 Fund Cl R	Sub-transfer agency fees	0.40%	$0
Fidelity Investments Institutional	Riskpro Aggressive 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	Riskpro Pfg Aggressive 30 Fd R	Sub-transfer agency fees	0.40%	$0
Fidelity Investments Institutional	Morgan Sta Inst Inc. Emerging Marke	Sub-transfer agency fees	0.10%	$0
Fidelity Investments Institutional	Meridian Growth Fund Legacy	Sub-transfer agency fees	0.06%	$0
Fidelity Investments Institutional	Western Asset Corp Bond A	Sub-transfer agency fees	0.40%	$0
Fidelity Investments Institutional	Janus Henderson Triton T	Sub-transfer agency fees	0.35%	$0
Fidelity Investments Institutional	Abf Lg Cap Val Inst - Dst Asset Ma	Sub-transfer agency fees	0.04%	$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

Name of Investment	Investment Manager	Type of Investment	Dollar Value
Mip Cl 1	Fidelity Management Trust Company	DFE: Common/Collective Trust	$1,050,857
Total			$1,050,857

Insurance Information

There are no insurance carriers listed for this plan.