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Overview

Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan10/01/1990
  • Net Assets as of 12/31/2019 $834,085,184
  • 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 12/31/2019

  • Active (Eligible) Participants4,197
  • Retired or separated participants receiving benefits38
  • Other retired or separated participants entitled to future benefits1,474
  • Subtotal5,709
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits15
  • Total5,724
  • Total number of participants as of 01/01/20195,900
  • Number of participants with account balances5,629
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested0

Expenses

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

Sponsor Information

  • Address2300 NE Brookwood Parkway
  • CityHillsboro
  • StateOR
  • Zip97124
  • Telephone(503) 615-9190
  • EIN95-3654013
  • Industry Code334410
  • Named AdministratorMark Murphy

Audit Information

  • Audit StatusAudited
  • AuditorKbf CPAS LLP
  • Auditor EIN82-1030164
  • 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.
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.
2R Brokerage Window Participant-directed brokerage accounts provided as an investment option under the plan.
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.
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.
3F Leased Employees Plan sponsor(s) received services of leased employees, as defined in Code section 414(n), during the plan year.
3I Employer Securities Limitations Plan requiring that all or part of employer contributions be invested and held, at least for a limited period, in employer securities.

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 $10,000,000
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 $4,739
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 $219,613,613
Contributions $59,741,589
Cash Contributions $59,741,589
Cash from Employers $13,052,695
Cash from Participants $39,286,454
Others (including rollovers) $7,402,440
Noncash Contributions $0
Total Earnings on Investments $159,377,621
Total Interest $1,411,471
Interest-Bearing Cash $917,291
U.S. Government Securities $0
Corporate Debt Instruments $2,319
Loans (other than to participants) $0
Participant Loans $491,861
Interest from Other Investments $0
Total Dividends $14,791,796
Preferred Stock $7,726
Common Stock $65,674
Rents $0
Net gain (loss) on sale of assets $1,626,892
Aggregate Proceeds $27,306,923
Aggregate Carrying Amount $25,680,031
Total Unrealized Appreciation (depreciation) of assets $6,265,344
Real Estate $0
Other $6,265,344
Net investment gain (loss) from common/collective trusts $47,052,803
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 $88,229,315
Other Income $494,403
Expenses $59,475,329
Total Benefit Payments $58,927,771
Directly to participants or beneficiaries, including direct rollovers $58,927,771
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $8,669
Certain deemed distributions of participant loans $3,246
Interest expense $0
Total Administrative Expenses $535,643
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $535,643
Net Income $160,138,284
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2019 12/31/2018 Change YOY
Total Assets $834,085,184 $673,946,900 23.76%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $0 $0 0.0%
Employer Contributions $0 $0 0.0%
Participant Contributions $0 $0 0.0%
Other Contributions $0 $0 0.0%
General Investments $45,885,234 $41,381,294 10.88%
Interest-bearing cash $45,885,234 $41,381,294 10.88%
U.S. Government Securities $0 $0 0.0%
Corporate Debt Instruments $58,975 $0 0.0%
Preferred $0 $0 0.0%
All Other $58,975 $0 0.0%
Corporate Stocks $6,127,042 $3,577,365 71.27%
Preferred $115,143 $92,072 25.06%
Common $6,011,899 $3,485,293 72.49%
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 $9,288,053 $8,921,734 4.11%
Value of interest in common/collective trusts $301,209,571 $218,417,374 37.91%
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 $459,588,706 $393,615,878 16.76%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $0 $0 0.0%
Employer-related Investments $11,927,603 $8,033,255 48.48%
Employer Securities $11,927,603 $8,033,255 48.48%
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 $834,085,184 $673,946,900 23.76%

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
Capfinancial Partners LLC Consulting (general) Consultant $48,750 $0 $48,750
Kbf CPAS LLP Accounting (including auditing) Accountant $16,940 $0 $16,940
Fiduciary Vest LLC Consulting (general) Consultant $16,250 $0 $16,250
Fidelity Investments Institutional Participant loan processing, Sub-transfer agency fees, Recordkeeping fees, Account maintenance fees, Securities brokerage commissions and fees Recordkeeper $-23,419 $0 $-23,419
Total $58,521 $0 $58,521

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Fidelity Investments Institutional Abf Sm Cap Val Inst - Dst Asset Ma Sub-transfer agency fees 0.04% $0
Fidelity Investments Institutional I O Develop Mkt Y - Invesco Invest Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional I O Intl Bond Y - Invesco Investme Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Jpm High Yield R5 - Dst Asset Mana Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Jpm Midcap Value L - Dst Asset Man Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Jpm Us Equity R5 - Dst Asset Manag Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Metwest Tot Rtn Bd I - Bny Mellon Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Nuveen Real Estate I - Dst Asset M Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Oakmark Intl Inv - Dst Asset Manag Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Trp Qm Us Sm-Cp Gr - T. Rowe Price Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Invesco Oppenheimer Global A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Alger Small Cap Focus Class A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Allianzgi Nfj Mid Cap Value Cl A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Amana Mutual Fund Trust Income Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional American Century Diversified Bd Cl Sub-transfer agency fees 0.09% $0
Fidelity Investments Institutional Arbitrage Fund Class R Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Baron Discovery Fundretail Shares Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Baron Partners Fund Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Baron Global Advantage Fd Retail Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Berkshire Focus Fund Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Blackrock Mid Cap Growth Equity Cl Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Brown Advisory Sustain Growth Inv Sub-transfer agency fees 0.08% $0
Fidelity Investments Institutional Calamos Intl Growth Fund Class A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Carillon Scout Mid Cap Fund Cl I Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Centaur Total Return Sub-transfer agency fees 0.08% $0
Fidelity Investments Institutional Cohen & Steers Real Estate Securit Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Conestoga Smid Cap Fund Investors Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Doubleline Total Rt Bond Fd Cl N Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Evermore Global Value Fd Investor Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Fmi International Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Federated Mdt Small Cap Core Fd Cl Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Vulcan Value Partnerfund Investor Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Gabelli Focus Five Fund Cl Aaa Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Guinness Atkinson China & Hong Kon Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Guinness Atkinson Global Energy Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Harbor Cap App Inv Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Oakmark Equity & Income Investor C Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Jpmorgan Income Fundclass A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Janus Henderson Growth & Income T Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Janus Henderson Triton T Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Janus Henderson Enterprise C Sub-transfer agency fees $14.00 $0
Fidelity Investments Institutional Kinetics Paradigm Fund Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Clearbridge Select Fund Cl A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Lord Abbett Floating Rate Fd Cl A Sub-transfer agency fees 0.37% $0
Fidelity Investments Institutional Tortoise Mlp & Pipeline Fd A Cl Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Marsico 21st Centuryfund Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Matthews Asia Dividend Fund Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Matthews China Fund Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Morgan Stanley Discovery Port Cl A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Morgan Stanley Insight I Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Eventide Healthcare and Life Scien Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Needham Small Cap Growth 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 Riskpro 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 Pfg Equity 30 Fund 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 Global 30 Fd Cl R Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Oberweis China Opportunities Fund Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Payden Emerg Markets Bond Fd Inv Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Pimco Income Fund Cl A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Pimco Rae Emerging Markets Fund A 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 T Rowe Price Us Large Cap Core Fun Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Akre Focus Fund Retail Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Semiconductor Ultra Sector Pro Fd Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional T Rowe Price Intl Discovery Fund Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional T Rowe Price Global Stock Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Ave Maria Growth Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Selected International S Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional State Street Instl Intl Equity Inv Sub-transfer agency fees $16.00 $0
Fidelity Investments Institutional Tocqueville Gold Fund Sub-transfer agency fees $16.00 $0
Fidelity Investments Institutional Touchstone Mid Cap Fund Cl Z Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Performance Trust Strategic Bond F Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Global Resources Fund Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Value Line Small Capopportunities Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Victory Floating Rate Fund Cl A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Virtus Kar Small Cap Growth Fund C Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Virtus Kar Small Cap Growth Cl A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Virtus Horizon Wealth Masters Cl C Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Wasatch International Growth Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Wasatch Micro Cap Value Fund Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Wasatch Emerging India Fund Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Wasatch Global Value Fund Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Wells Fargo Special Mid Cap Cl A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional William Blair Small Mid Cap Value Sub-transfer agency fees 0.40% $0
*As outlined by the Form 5500 Instructions for service providers with indirect compensation.

Service Providers Who Fail or Refuse to Provide Information

Name Nature of Service Description of Information

Service Providers Who Fail or Refuse to Provide Information

Termination Information on Accountants and Enrolled Actuaries

Name Position Explanation

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Trp Retire 2030 F T. Rowe Price Trust Company DFE: Common/Collective Trust $67,652,863
Trp Retire 2025 F T. Rowe Price Trust Company DFE: Common/Collective Trust $49,126,228
Trp Retire 2035 F T. Rowe Price Trust Company DFE: Common/Collective Trust $45,826,665
Trp Retire 2040 F T. Rowe Price Trust Company DFE: Common/Collective Trust $40,579,892
Trp Stable Value A T. Rowe Price Trust Company DFE: Common/Collective Trust $24,570,407
Trp Retire 2020 F T. Rowe Price Trust Company DFE: Common/Collective Trust $24,189,515
Trp Retire 2045 F T. Rowe Price Trust Company DFE: Common/Collective Trust $20,519,877
Trp Retire 2050 F T. Rowe Price Trust Company DFE: Common/Collective Trust $12,488,251
Trp Retire 2055 F T. Rowe Price Trust Company DFE: Common/Collective Trust $7,161,431
Trp Retire 2015 F T. Rowe Price Trust Company DFE: Common/Collective Trust $4,874,043
Trp Retire 2010 F T. Rowe Price Trust Company DFE: Common/Collective Trust $2,686,623
Trp Retire 2005 F T. Rowe Price Trust Company DFE: Common/Collective Trust $1,533,776
Total $301,209,571

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.