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FORM 5500 DATA

Computer Sciences Corporation Matched Asset Plan

Overview

Plan Information

  • Plan Year01/01/2014 — 12/31/2014
  • Date of Plan02/01/1967
  • Net Assets as of 12/31/2014 $3,879,464,698
  • Plan Number1
  • Plan Type Multiple 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 12/31/2014

  • Active (Eligible) Participants36,898
  • Retired or separated participants receiving benefits355
  • Other retired or separated participants entitled to future benefits20,379
  • Subtotal57,632
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits342
  • Total57,974
  • Total number of participants as of 01/01/201460,613
  • Number of participants with account balances47,063
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested665

Expenses

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

Sponsor Information

  • Address3170 Fairview Park Drive
  • CityFalls Church
  • StateVA
  • Zip22042
  • Telephone(703) 876-1000
  • EIN95-2043126
  • Industry Code541519
  • Named AdministratorLouis A. Baviello
  • Named Plan SponsorDiane Wilfong

Plan Administrator Information

  • Administrator NameCsc Employee Benefits Fiduciary Committee
  • Address3170 Fairview Park Drive
  • CityFalls Church
  • StateVA
  • Zip22042
  • Telephone(703) 876-1000
  • Administrator EIN91-2079975

Audit Information

  • Audit StatusAudited
  • AuditorJohnson Lambert, LLP
  • Auditor EIN52-1446779
  • Audit OpinionUnqualified
  • Audit Type Full Audit

Benefits Provided Under the Plan

Code Benefit Description
2H Partial participant-directed account plan Participants have the opportunity to direct the investment of a portion of 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.

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 $46,207
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 $15,000,000
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? Yes
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 $568,002,509
Contributions $270,146,125
Cash Contributions $270,146,125
Cash from Employers $53,017,670
Cash from Participants $197,694,684
Others (including rollovers) $19,433,771
Noncash Contributions $0
Total Earnings on Investments $297,856,384
Total Interest $8,203,115
Interest-Bearing Cash $197,530
U.S. Government Securities $2,445,545
Corporate Debt Instruments $3,319,378
Loans (other than to participants) $0
Participant Loans $2,123,780
Interest from Other Investments $116,882
Total Dividends $13,880,502
Preferred Stock $0
Common Stock $13,880,502
Rents $0
Net gain (loss) on sale of assets $8,124,847
Aggregate Proceeds $1,793,627,578
Aggregate Carrying Amount $1,785,502,731
Total Unrealized Appreciation (depreciation) of assets $45,261,873
Real Estate $0
Other $45,261,873
Net investment gain (loss) from common/collective trusts $222,386,047
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 $0
Other Income $0
Expenses $580,026,020
Total Benefit Payments $575,270,467
Directly to participants or beneficiaries, including direct rollovers $575,270,467
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 $4,755,553
Professional Fees $0
Contract Administrator Fees $858,567
Investment Advisory and management fees $3,407,652
Other Administrative Fees $489,334
Net Income $-12,023,511
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2014 12/31/2013 Change YOY
Total Assets $3,937,151,090 $3,940,834,542 -0.09%
Total noninterest-bearing cash $93,144 $178,937 -47.95%
Receivables $81,765,213 $37,273,636 119.36%
Employer Contributions $0 $0 0.0%
Participant Contributions $0 $0 0.0%
Other Contributions $81,765,213 $37,273,636 119.36%
General Investments $384,148,297 $430,789,346 -10.83%
Interest-bearing cash $288,019,341 $323,210,674 -10.89%
U.S. Government Securities $96,128,956 $107,578,672 -10.64%
Corporate Debt Instruments $136,313,540 $144,754,401 -5.83%
Preferred $0 $0 0.0%
All Other $136,313,540 $144,754,401 -5.83%
Corporate Stocks $174,707,605 $207,316,930 -15.73%
Preferred $0 $0 0.0%
Common $174,707,605 $207,316,930 -15.73%
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 $46,135,799 $46,225,886 -0.19%
Value of interest in common/collective trusts $2,579,174,878 $2,527,090,529 2.06%
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 $0 $0 0.0%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $5,628,289 $2,821,749 99.46%
Employer-related Investments $529,184,325 $544,383,128 -2.79%
Employer Securities $529,184,325 $544,383,128 -2.79%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $57,686,392 $49,346,333 16.90%
Benefit Claims Payable (1) $9,070,441 $7,289,674 24.43%
Operating Payables (1) $1,074,787 $1,054,403 1.93%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $47,541,164 $41,002,256 15.95%
Net Assets $3,879,464,698 $3,891,488,209 -0.31%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • T.Rowe Price Trust Company
  • Hewitt Financial Services LLC

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
State Street Global Advisors Custodial (other than securities), Custodial (securities), Direct payment from the plan, Investment management fees paid directly by plan, Investment management fees paid indirectly by plan, Other fees NONE $1,052,766 $0 $1,052,766
Russell Trust Company Investment management, Direct payment from the plan, Investment management fees paid directly by plan NONE $908,884 $0 $908,884
Mellon Capital Management Corp. Investment management, Direct payment from the plan, Investment management fees paid directly by plan, Securities brokerage commissions and fees NONE $861,901 $0 $861,901
Hewitt Associates LLC Recordkeeping and information management (computing, tabulating, data processing, etc.), Direct payment from the plan NONE $858,567 $0 $858,567
Black Rock Financial Management Inc Investment management, Direct payment from the plan, Investment management fees paid directly by plan NONE $421,255 $0 $421,255
Nepc, LLC Investment management, Direct payment from the plan, Investment management fees paid directly by plan NONE $162,846 $0 $162,846
Total $4,266,219 $0 $4,266,219

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.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Eb Daily Liquidity Stock Index Mellon Capital Management Corp DFE: Common/Collective Trust $609,383,785
Eb Daily Liq Market Completion Fund Mellon Capital Management Corp DFE: Common/Collective Trust $350,507,958
Russell Equity I Fund Russell Trust Company DFE: Common/Collective Trust $243,478,211
Ssga Target Retirement 2025 Sl State Street Global Advisors DFE: Common/Collective Trust $228,298,615
Ssga Target Retirement 2020 Sl State Street Global Advisors DFE: Common/Collective Trust $223,485,526
Eb Daily Liquidity Enhanced Asset Mellon Capital Management Corp DFE: Common/Collective Trust $183,661,078
Ssga Target Retirement 2030 Sl State Street Global Advisors DFE: Common/Collective Trust $176,291,741
Ssga Target Retirement 2015 Sl State Street Global Advisors DFE: Common/Collective Trust $139,443,765
Ssga Target Retirement 2035 Sl State Street Global Advisors DFE: Common/Collective Trust $117,993,096
Ssga Target Retirement 2040 Sl State Street Global Advisors DFE: Common/Collective Trust $80,785,715
U.S. Inflation Pro Bond State Street Global Advisors DFE: Common/Collective Trust $76,259,062
Ssga Target Retirement 2010 Sl State Street Global Advisors DFE: Common/Collective Trust $44,946,835
Ssga Target Retirement 2045 Sl State Street Global Advisors DFE: Common/Collective Trust $36,583,839
Ssga Target Retirement 2050 Sl State Street Global Advisors DFE: Common/Collective Trust $32,302,372
Ssga Target Retirement Income Sl State Street Global Advisors DFE: Common/Collective Trust $30,788,560
Stable Value Common Trust Fund T. Rowe Price DFE: Common/Collective Trust $4,964,720
Total $2,579,174,878

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.