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Overview

Plan Information

  • Plan Year10/01/2013 — 09/30/2014
  • Date of Plan08/17/1977
  • Net Assets as of 09/30/2014 $106,104,505
  • 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 09/30/2014

  • Active (Eligible) Participants82,595
  • Retired or separated participants receiving benefits49
  • Other retired or separated participants entitled to future benefits1,391
  • Subtotal84,035
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits50
  • Total84,085
  • Total number of participants as of 10/01/201382,197
  • Number of participants with account balances9,455
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested264

Expenses

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

Sponsor Information

  • Address1101 Market Street, 6th Floor
  • CityPhiladelphia
  • StatePA
  • Zip19107
  • Telephone(215) 238-3000
  • EIN95-2051630
  • Industry Code722300

Plan Administrator Information

  • Administrator NameBenefits Compliance Rev Comm Aramark Services, Inc.
  • Address1101 Market Street, 6th Floor
  • CityPhiladelphia
  • StatePA
  • Zip19107
  • Telephone(215) 238-3000
  • Administrator EIN95-2051630

Audit Information

  • Audit StatusAudited
  • AuditorBaker Tilly Virchow Krause, LLP
  • Auditor EIN39-0859910
  • 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.
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.
3H Controlled Group Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).
3J Puerto Rico Plan U.S.-based plan that covers residents of Puerto Rico and is qualified under both Code section 401 and section 8565 of the Puerto Rico Code.

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 $25,000,000
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 $21,973,624
Contributions $15,194,882
Cash Contributions $15,194,882
Cash from Employers $3,669,459
Cash from Participants $10,802,639
Others (including rollovers) $722,784
Noncash Contributions $0
Total Earnings on Investments $6,778,742
Total Interest $174,559
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $174,559
Interest from Other Investments $0
Total Dividends $0
Preferred Stock $0
Common Stock $0
Rents $0
Net gain (loss) on sale of assets $0
Aggregate Proceeds $0
Aggregate Carrying Amount $0
Total Unrealized Appreciation (depreciation) of assets $0
Real Estate $0
Other $0
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 $6,604,183
Net investment gain (loss) from 103-12 investment entities $0
Net investment gain (loss) from registered investment companies $0
Other Income $0
Expenses $13,968,042
Total Benefit Payments $13,383,308
Directly to participants or beneficiaries, including direct rollovers $13,383,308
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $2,586
Certain deemed distributions of participant loans $69,108
Interest expense $0
Total Administrative Expenses $513,040
Professional Fees $27,200
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $485,840
Net Income $8,005,582
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $82,047

Asset and Liability Statement

09/30/2014 09/30/2013 Change YOY
Total Assets $106,230,894 $98,259,670 8.11%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $413,523 $380,602 8.65%
Employer Contributions $85,259 $79,798 6.84%
Participant Contributions $262,474 $237,303 10.61%
Other Contributions $65,790 $63,501 3.60%
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 $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 $5,605,921 $5,365,097 4.49%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $0 $0 0.0%
Value of interest in master trust investment accounts $100,211,450 $92,513,971 8.32%
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 $0 $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 $126,389 $124,388 1.61%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $126,389 $124,388 1.61%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $106,104,505 $98,135,282 8.12%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Fidelity Inv. Inst. Operations Co.

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
Fidelity Inv. Inst. Operations Co. Recordkeeping fees, Participant loan processing, Account maintenance fees, Securities brokerage commissions and fees Recordkeeper $455,522 $0 $455,522
Baker Tilly Virchow Krause, LLP Accounting (including auditing) Accountant/Auditor $27,200 $0 $27,200
Towers Watson Consulting (general) Consultant $23,568 $0 $23,568
Newport Group Securities, Inc. Consulting (general) Consultant $6,750 $0 $6,750
Total $513,040 $0 $513,040

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Fidelity Inv. Inst. Operations Co. State Street Bank & Trust Co Sub-transfer agency fees Nb Genesis - Inst Cl .1% $0
Fidelity Inv. Inst. Operations Co. Blackrock Funds Sub-transfer agency fees Blackrock Health Sciences Opp Prt A-.08% $0
Fidelity Inv. Inst. Operations Co. Guggenheim Funds Sub-transfer agency fees Rydex Nasdaq 100 2X Strategy Cl A-.4% $0
Fidelity Inv. Inst. Operations Co. Icon Fund S Classes Sub-transfer agency fees Icon Healthcare Cl S-.08% $0
Fidelity Inv. Inst. Operations Co. Janus No Load Funds Sub-transfer agency fees Janus Global Life Sciences Fund Cl T-.35% $0
Fidelity Inv. Inst. Operations Co. Jp Morgan Funds Sub-transfer agency fees Jp Morgan Smart Ret Income Cl A-.05% $0
Fidelity Inv. Inst. Operations Co. Manning & Napier Funds Sub-transfer agency fees Manning & Napier Problend Max Term Cl S-.4% $0
Fidelity Inv. Inst. Operations Co. Pimco Funds Sub-transfer agency fees Pimco Income Fund Cl D-.38% $0
Fidelity Inv. Inst. Operations Co. Principal Funds Sub-transfer agency fees Principal Lifetiime Strategic Income A & Prinncipal Sam Cons Growth Cl A-.1% $0
Fidelity Inv. Inst. Operations Co. Pro Funds Sub-transfer agency fees Biotechnology Ultra Sector Pro Fd Invs-.4% $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

Name Position Explanation
Parentebeard LLC Auditor Schedule C, Part III Requires Disclosure of Termination Information On Accountants. Effective October 1, 2014, Parentebeard LLC (Ein: 23-2932984) Merged Into and Became Baker Tilly Virchow Krause, LLP (Ein: 39-0859910). This Was Not A Termination of

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Aramark Master Trust Aramark Services, Inc. DFE: Master Trust Investment Account $100,211,450
Total $100,211,450

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.