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FORM 5500 DATA

Hitachi Employee 401k Retirement Plan

Overview

Plan Information

  • Plan Year01/01/2017 — 12/31/2017
  • Date of Plan12/01/1985
  • Net Assets as of 12/31/2017 $889,602,301
  • Plan Number2
  • Plan Type Multiple Employer
  • Is the plan collectively bargained? No
  • Did the plan file for an extension of time or the DFVC Program?Yes
  • Report Description This is an amended report.
  • Plan Funding Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2017

  • Active (Eligible) Participants6,057
  • Retired or separated participants receiving benefits64
  • Other retired or separated participants entitled to future benefits3,109
  • Subtotal9,230
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits18
  • Total9,248
  • Total number of participants as of 01/01/20178,580
  • Number of participants with account balances8,839
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested654

Expenses

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

Sponsor Information

  • Address50 Prospect Avenue
  • CityTarrytown
  • StateNY
  • Zip10591
  • Telephone(914) 332-5800
  • EIN13-1896069
  • Industry Code339900
  • Named AdministratorAnne Carpiniello

Audit Information

  • Audit StatusAudited
  • AuditorMayer Hoffman Mccann P.C.
  • Auditor EIN43-1947695
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
2A Age/Service Weighted or New Comparability or Similar Plan Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New Comparability or Similar Plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the threshold or additional rate allowed under the permitted disparity rules of section 401(l)
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.
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)).

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 $500,000
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 $30,734
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 $207,022,353
Contributions $80,192,447
Cash Contributions $80,192,447
Cash from Employers $21,477,480
Cash from Participants $33,533,490
Others (including rollovers) $25,181,477
Noncash Contributions $0
Total Earnings on Investments $126,829,906
Total Interest $604,688
Interest-Bearing Cash $21,959
U.S. Government Securities $225
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $582,504
Interest from Other Investments $0
Total Dividends $24,258,963
Preferred Stock $174
Common Stock $203,162
Rents $0
Net gain (loss) on sale of assets $671,861
Aggregate Proceeds $19,372,940
Aggregate Carrying Amount $18,701,079
Total Unrealized Appreciation (depreciation) of assets $169,950
Real Estate $0
Other $169,950
Net investment gain (loss) from common/collective trusts $28,290,856
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 $72,833,588
Other Income $0
Expenses $73,142,465
Total Benefit Payments $72,359,107
Directly to participants or beneficiaries, including direct rollovers $72,359,107
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $112,432
Certain deemed distributions of participant loans $23,967
Interest expense $0
Total Administrative Expenses $646,959
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $251,777
Other Administrative Fees $395,182
Net Income $133,879,888
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 $889,602,579 $755,722,965 17.72%
Total noninterest-bearing cash $52,985 $166 31818.67%
Receivables $7,867,088 $5,009,122 57.06%
Employer Contributions $6,640,810 $4,459,760 48.91%
Participant Contributions $1,226,278 $549,362 123.22%
Other Contributions $0 $0 0.0%
General Investments $3,324,363 $3,713,189 -10.47%
Interest-bearing cash $3,284,583 $3,713,189 -11.54%
U.S. Government Securities $39,780 $0 0.0%
Corporate Debt Instruments $54 $35 54.29%
Preferred $0 $0 0.0%
All Other $54 $35 54.29%
Corporate Stocks $10,772,230 $11,448,134 -5.90%
Preferred $6,771 $1,961 245.28%
Common $10,765,459 $11,446,173 -5.95%
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 $15,464,446 $13,038,259 18.61%
Value of interest in common/collective trusts $226,008,633 $245,327,269 -7.87%
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 $558,346,170 $477,175,941 17.01%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $67,766,610 $10,850 624477.05%
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 $278 $552 -49.64%
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) $278 $552 -49.64%
Net Assets $889,602,301 $755,722,413 17.72%

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
Strategic Advisors, Inc. Investment advisory (plan) Advisor $251,777 $0 $251,777
Fidelity Investments Institutional Participant loan processing, Sub-transfer agency fees, Recordkeeping fees, Account maintenance fees, Securities brokerage commissions and fees Recordkeeper $195,678 $0 $195,678
Bryan Cave LLP Legal Attorney/Legal $120,215 $0 $120,215
Cook Street Consultants Consulting (general) Consultant $42,750 $0 $42,750
Canterbury Consulting Consulting (general) Consultant $23,250 $0 $23,250
Mayer Hoffman Mccann P.C. Accounting (including auditing) Accountant/Auditor $21,000 $0 $21,000
BDO Accounting (including auditing) Accountant/Auditor $20,225 $0 $20,225
Total $674,895 $0 $674,895

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Fidelity Investments Institutional Voya Small Company Class A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Voya Large Cap Value Class A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Victory Munder Mid Cap Core Grwth C Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Value Line Small Capopportunities I Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional World Precious Minerals Fund Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Usaa Income Fund Retail Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Transamerica Small/ Mid Cap Value C Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Touchstone Sands Cap Sel Grwth Z Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Thornburg Inv Income Builder Fund C Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Thornburg Global Opportunities Fd A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Templeton Global Bond Class A Sub-transfer agency fees $16.00 $0
Fidelity Investments Institutional Rydex Biotechnology Inv Class Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Royce Small Cap Value Service Cl Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional T Rowe Price New Asia Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Motley Fool Emerging Markets Fd Inv Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Basic Material Ultrasec Pro Fd Inve Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Principal Equity Inc Cl A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Principal High Yieldcl A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional T Rowe Price Media &Telecommunicati Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Pimco Stocksplus Small Fund D Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Pimco Income Fund Cl D Sub-transfer agency fees 0.38% $0
Fidelity Investments Institutional Pimco Investment Grade Corp Bond Cl Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Pimco Foreign Bond Fund (Unhedged) Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Permanent Portfolio Sub-transfer agency fees 0.38% $0
Fidelity Investments Institutional Parnassus Core Equity Investor Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Parnassus Endeavor Fund Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Pimco Total Return Class D Sub-transfer agency fees 0.38% $0
Fidelity Investments Institutional Pimco Foreign Bond Us Dollar Hedged Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Oppenheimer Dev Markets Class A Sub-transfer agency fees $16.50 $0
Fidelity Investments Institutional Oppenheimer Global Opportunities Cl Sub-transfer agency fees $16.50 $0
Fidelity Investments Institutional Oppenheimer Main Street Mid Cap Cl Sub-transfer agency fees $16.50 $0
Fidelity Investments Institutional Oppenheimer Intl Smlmid Company Cl Sub-transfer agency fees $16.50 $0
Fidelity Investments Institutional The Olstein All Cap Value Fund Cl C Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Oberweis Intl Opportunities Fund Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Nuveen Nwq Global Equity Income Cl Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Eventide Gilead Fund Class N Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Morgan Stanley Global Opportunity I Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Morgan Stanley Growth Portfolio A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Matthews China Fund Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Matthews Asia Dividend Fund Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Manning & Napier Problend Consv Cl Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Manning & Napier World Oppt Ser Cl Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Loomis Sayles Bond Retail Shares Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Loomis Sayles Strategic Inc Cl A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Janus Henderson Intlopportunities C Sub-transfer agency fees $14.00 $0
Fidelity Investments Institutional Janus Henderson Balanced T Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Janus Henderson High Yield T Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Janus Henderson Gl Life Sciences T Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Janus Henderson Global Select 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 Growth & Income T Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Icon Energy Cl S Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Hartford Growth Opportunity Class A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Oakmark Select Investor Cl Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Oakmark Fund Investor Class Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Harbor Internationalinvestor Shares Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Greenspring Fund Sub-transfer agency fees $16.00 $0
Fidelity Investments Institutional Glenmede Large Cap Growth Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Gabelli Glbl Content& Connectivity Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional First Eagle Global Class A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional First Eagle Overseas Class A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Emerald Banking and Finance Fd Inve Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Fmi Large Cap Fund Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Driehaus Internatl Small Cap Growt Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Columbia Global Techgrowth Cl A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Cohen & Steers Realty Shares Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Carillon Scout International Cl I Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Brown Capital Mgt Small Company Inv Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Blackrock Strategic Inc Opp Port Cl Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Blackrock Global Allocation Cl A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Blackrock Equity Dividend Fd Instl Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Blackrock Equity Dividend Fd Cl A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Blackrock Health Sciences Opp Prt A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Blackrock High Equity Income Cl A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Baron Real Estate Fund Retail Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional American Century Heritage Investor Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional American Century Infln Adj Bond Inv Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Amer Beacon Brdgway Large Cap Val I Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Amana Mutual Fund Trust Growth 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 Ab High Income Class A Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Aqr Managed Futures Fund Cl I Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Aqr Long Short Equity Fund Cl I Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Amg Managers Specialequity N Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Amg Yacktman Fund I Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Amg Yacktman Focused N Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Fiera Sm/Md-Cp Gr Is - Umb Fund SE Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional H & W High Yield I - U.S. Bancorp Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Metwest Tot Rtn Bd I - Bny Mellon Sub-transfer agency fees 0.10% $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

There is no termination information for this plan.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Mellon Stable Value The Bank of New York Mellon DFE: Common/Collective Trust $70,705,515
Fiam Td 2030 Pool Q Fiam Trust Company DFE: Common/Collective Trust $38,629,127
Fiam Td 2035 Pool Q Fiam Trust Company DFE: Common/Collective Trust $37,287,840
Fiam Td 2045 Pool Q Fiam Trust Company DFE: Common/Collective Trust $34,362,339
Fiam Td 2025 Pool Q Fiam Trust Company DFE: Common/Collective Trust $30,338,253
Fiam Td 2040 Pool Q Fiam Trust Company DFE: Common/Collective Trust $28,561,643
Fiam Td 2020 Pool Q Fiam Trust Company DFE: Common/Collective Trust $24,426,363
Fiam Td 2050 Pool Q Fiam Trust Company DFE: Common/Collective Trust $8,300,412
Fiam Td 2015 Pool Q Fiam Trust Company DFE: Common/Collective Trust $8,092,976
Fiam Td 2055 Pool Q Fiam Trust Company DFE: Common/Collective Trust $6,498,092
Fiam Td Income Cp Q Fiam Trust Company DFE: Common/Collective Trust $2,950,316
Fiam Td 2060 Pool Q Fiam Trust Company DFE: Common/Collective Trust $2,398,717
Fiam Td 2010 Pool Q Fiam Trust Company DFE: Common/Collective Trust $813,133
Fiam Td 2005 Pool Q Fiam Trust Company DFE: Common/Collective Trust $93,625
Total $293,458,351

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.