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Plan Information

  • Plan Year01/01/2017 — 12/31/2017
  • Date of Plan01/01/1963
  • Net Assets as of 12/31/2017 $302,794,600
  • 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 12/31/2017

  • Active (Eligible) Participants193
  • Retired or separated participants receiving benefits67
  • Other retired or separated participants entitled to future benefits0
  • Subtotal260
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total260
  • Total number of participants as of 01/01/2017264
  • Number of participants with account balances260
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested0


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

Sponsor Information

  • Address400 South Hope Street - 4th Floor
  • CityLos Angeles
  • StateCA
  • Zip90071-2899
  • Telephone(213) 430-6000
  • EIN95-1066597
  • Industry Code541110
  • Named AdministratorDan Koermer
  • Named Plan SponsorWayne.Jacobsen

Plan Administrator Information

  • Administrator NameOmelveny & Myers LLP Retirement and Employee Benefits Committee
  • Address400 South Hope Street, 4th Floor
  • CityLos Angeles
  • StateCA
  • Zip90071-2899
  • Telephone(213) 430-6000
  • Administrator EIN95-3033549

Audit Information

  • Audit StatusAudited
  • AuditorCrowe LLP
  • Auditor EIN35-0921680
  • 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.
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.
3B Self-Employed Plan Plan covering Self-Employed individuals.

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 $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


Income and Expense Statement

Income $54,304,100
Contributions $11,988,900
Cash Contributions $11,988,900
Cash from Employers $11,988,900
Cash from Participants $0
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $41,992,700
Total Interest $193,300
Interest-Bearing Cash $15,900
U.S. Government Securities $2,500
Corporate Debt Instruments $128,100
Loans (other than to participants) $3,900
Participant Loans $0
Interest from Other Investments $42,900
Total Dividends $9,217,800
Preferred Stock $15,600
Common Stock $664,700
Rents $0
Net gain (loss) on sale of assets $255,600
Aggregate Proceeds $31,988,300
Aggregate Carrying Amount $31,732,700
Total Unrealized Appreciation (depreciation) of assets $4,166,200
Real Estate $4,165,000
Other $1,200
Net investment gain (loss) from common/collective trusts $0
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 $28,159,800
Other Income $322,500
Expenses $20,278,900
Total Benefit Payments $19,575,800
Directly to participants or beneficiaries, including direct rollovers $19,575,800
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 $703,100
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $703,100
Net Income $34,025,200
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2017 12/31/2016 Change YOY
Total Assets $302,794,600 $267,194,000 13.32%
Total noninterest-bearing cash $210,900 $-248,800 -184.77%
Receivables $2,934,200 $2,808,300 4.48%
Employer Contributions $2,898,400 $2,808,300 3.21%
Participant Contributions $0 $0 0.0%
Other Contributions $35,800 $0 0.0%
General Investments $28,867,600 $23,269,100 24.06%
Interest-bearing cash $26,652,100 $18,694,400 42.57%
U.S. Government Securities $1,421,600 $1,201,000 18.37%
Corporate Debt Instruments $2,913,100 $3,373,700 -13.65%
Preferred $793,900 $3,373,700 -76.47%
All Other $2,119,200 $0 0.0%
Corporate Stocks $28,038,900 $47,925,900 -41.50%
Preferred $247,100 $38,100 548.56%
Common $27,791,800 $47,887,800 -41.96%
Partnership/joint venture interests $852,100 $70,900 1101.83%
Real estate (other than employer real property) $0 $0 0.0%
Loans (other than to participants) $0 $0 0.0%
Participants Loans $71,700 $94,300 -23.97%
Value of interest in common/collective trusts $12,203,700 $12,906,500 -5.45%
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 $226,911,400 $180,367,800 25.80%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $584,900 $0 0.0%
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 $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 $302,794,600 $267,194,000 13.32%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Fiioc, 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
Citibank Private Bank Securities brokerage commissions and fees, Investment advisory (plan), Direct payment from the plan, Other investment fees and expenses Brokerage $78,454 $0 $78,454
Matrix Trust Co Trustee (directed), Account maintenance fees Trustee $50,597 $0 $50,597
Merrill Lynch Investment advisory (plan), Securities brokerage, Other services, Direct payment from the plan, Account maintenance fees, Securities brokerage commissions and fees, Other investment fees and expenses Brokerage $39,027 $8,920 $47,947
Northwestern Mutual Investment advisory (plan) Brokerage $38,550 $0 $38,550
Milliman Inc Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant communication, Recordkeeping fees Recordkeeper $26,062 $0 $26,062
Total $232,690 $8,920 $241,610

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.



Name of Investment Investment Manager Type of Investment Dollar Value
Fidelity Managed Inc Portfolio II Fidelity Management Trust Company DFE: Common/Collective Trust $12,149,751
Total $12,149,751

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.