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Overview

Plan Information

  • Plan Year01/01/2008 — 12/31/2008
  • Date of Plan04/01/1994
  • Net Assets as of 12/31/2008 $102,637,985
  • Plan Number1
  • 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 12/31/2008

  • Active (Eligible) Participants79
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits1,143
  • Subtotal1,222
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total1,222
  • Total number of participants as of 01/01/20081,453
  • Number of participants with account balances1,222
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested7
  • Number of participants required to be reported on Schedule SSA152

Expenses

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

Sponsor Information

  • AddressDenver Place, South Tower,
  • CityDenver
  • StateCO
  • Zip80202
  • Telephone(303) 293-5912
  • EIN94-3213132
  • Industry Code517000
  • Named Plan SponsorC*Els Ewipj6

Plan Administrator Information

  • Administrator NameSAME
  • Administrator EIN

Audit Information

  • Audit StatusAudited
  • AuditorDeloitte & Touche
  • Auditor EIN13-3891517
  • 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.
2R Brokerage Window Participant-directed brokerage accounts provided as an investment option under the plan.
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 $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? 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

Financials

Income and Expense Statement

Income $-49,209,973
Contributions $2,810,688
Cash Contributions $2,810,688
Cash from Employers $1,401,062
Cash from Participants $1,001,805
Others (including rollovers) $407,821
Noncash Contributions $0
Total Earnings on Investments $-51,779,120
Total Interest $7,173
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $7,173
Interest from Other Investments $0
Total Dividends $0
Preferred Stock $0
Common Stock $0
Rents $0
Net gain (loss) on sale of assets $-1,714,927
Aggregate Proceeds $4,829,986
Aggregate Carrying Amount $6,544,913
Total Unrealized Appreciation (depreciation) of assets $-14,156,891
Real Estate $0
Other $-14,156,891
Net investment gain (loss) from common/collective trusts $-5,050,452
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 $-30,864,023
Other Income $-241,541
Expenses $16,766,921
Total Benefit Payments $16,764,825
Directly to participants or beneficiaries, including direct rollovers $16,764,825
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $596
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $1,500
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $1,500
Net Income $-65,976,894
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2008 12/31/2007 Change YOY
Total Assets $102,637,985 $168,614,879 -39.13%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $180,140 $76,933 134.15%
Employer Contributions $128,052 $24,096 431.42%
Participant Contributions $13,492 $21,988 -38.64%
Other Contributions $38,596 $30,849 25.11%
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 $820 $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 $80,508 $80,378 0.16%
Value of interest in common/collective trusts $19,470,685 $42,995,678 -54.71%
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 $61,629,127 $84,549,395 -27.11%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $883,995 $460,084 92.14%
Employer-related Investments $20,392,710 $40,452,411 -49.59%
Employer Securities $20,392,710 $40,452,411 -49.59%
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 $102,637,985 $168,614,879 -39.13%

Service Providers

Service Providers

There are no service providers listed for this plan.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Schwab Stable Value Select Charles Schwab Trust Company DFE: Common/Collective Trust $15,746,744
Schwab Instl Large Cl Charles Schwab Trust Company DFE: Common/Collective Trust $2,728,387
Schwab Managed Retirement 2010 Charles Schwab Trust Company DFE: Common/Collective Trust $314,006
Schwab Managed Retirement 2020 Charles Schwab Trust Company DFE: Common/Collective Trust $145,624
Schwab Managed Retirement 2035 Charles Schwab Trust Company DFE: Common/Collective Trust $112,397
Schwab Managed Retirement Inc. Charles Schwab Trust Company DFE: Common/Collective Trust $107,428
Schwab Managed Retirement 2030 Charles Schwab Trust Company DFE: Common/Collective Trust $106,913
Schwab Managed Retirement 2025 Charles Schwab Trust Company DFE: Common/Collective Trust $57,748
Schwab Managed Retirement 2040 Charles Schwab Trust Company DFE: Common/Collective Trust $46,724
Schwab Managed Retirement 2045 Charles Schwab Trust Company DFE: Common/Collective Trust $42,183
Schwab Managed Retirement 2050 Charles Schwab Trust Company DFE: Common/Collective Trust $39,954
Schwab Managed Retirement 2015 Charles Schwab Trust Company DFE: Common/Collective Trust $22,577
Schwab Instl Large Cap Growth Charles Schwab Trust Company DFE: Common/Collective Trust $0
Total $19,470,685

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.