Home>401K Directory>Yum Brands 401k Plan>Form 5500

YUM! Brands, Inc.

Plan Rating

Overview Financials Service Providers Investments Insurance Information

FORM 5500 DATA

YUM! Brands 401k Plan

Plan Rating

Overview Financials Service Providers Investments Insurance Information

Overview

Plan Information

Plan Year01/01/2014 — 12/31/2014
Date of Plan10/07/1997
Net Assets as of 12/31/2014 $619,431,730
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? No
Plan Funding Arrangement Trust
Plan Benefit Arrangement Trust

Participant Information as of 12/31/2014

Active (Eligible) Participants39,058
Retired or separated participants receiving benefits0
Other retired or separated participants entitled to future benefits4,023
Subtotal43,081
Deceased participants whose beneficiaries are receiving or are entitled to receive benefits40
Total43,121
Total number of participants as of 01/01/201439,393
Number of participants with account balances8,828
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

Audit Information

Audit StatusAudited
AuditorKPMG LLP
Auditor EIN13-5565207
Audit OpinionUnqualified
Audit Type Full 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.
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.
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.
3H	Controlled Group	Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).
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	$5,500,000
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?	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

$55,722,462

Contributions

$33,733,707

Cash Contributions

$33,733,707

	Cash from Employers	$12,329,979
	Cash from Participants	$21,403,728
	Others (including rollovers)	$0

Noncash Contributions

Total Earnings on Investments

$21,633,709

Total Interest

$412,082

	Interest-Bearing Cash	$412,082
	U.S. Government Securities	$0
	Corporate Debt Instruments	$0
	Loans (other than to participants)	$0
	Participant Loans	$0
	Interest from Other Investments	$0

Total Dividends

$4,407,571

	Preferred Stock	$0
	Common Stock	$4,407,571

Rents

Net gain (loss) on sale of assets

$-956,313

	Aggregate Proceeds	$60,363,389
	Aggregate Carrying Amount	$61,319,702

Total Unrealized Appreciation (depreciation) of assets

$-6,619,420

	Real Estate	$0
	Other	$-6,619,420

Net investment gain (loss) from common/collective trusts

$24,389,789

Net investment gain (loss) from pooled separate accounts

Net investment gain (loss) from master trust investment accounts

Net investment gain (loss) from 103-12 investment entities

Net investment gain (loss) from registered investment companies

Other Income

$355,046

Expenses

$68,011,375

Total Benefit Payments

$67,304,296

	Directly to participants or beneficiaries, including direct rollovers	$67,304,296
	To insurance carriers for the provision of benefits	$0
	Other Benefit Payment Fees	$0

Corrective Distributions

Certain deemed distributions of participant loans

Interest expense

Total Administrative Expenses

$707,079

	Professional Fees	$0
	Contract Administrator Fees	$0
	Investment Advisory and management fees	$0
	Other Administrative Fees	$707,079

Net Income

$-12,288,913

	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

$620,314,571

$631,998,088

-1.85%

Total noninterest-bearing cash

0.0%

Receivables

$600,773

$692,826

-13.29%

Employer Contributions	$0	$0	0.0%
Participant Contributions	$0	$0	0.0%
Other Contributions	$600,773	$692,826	-13.29%

General Investments

$1,957,122

$1,930,860

1.36%

Interest-bearing cash

$1,957,122

$1,930,860

1.36%

U.S. Government Securities

0.0%

Corporate Debt Instruments

0.0%

	Preferred		$0	$0	0.0%
	All Other		$0	$0	0.0%

Corporate Stocks

0.0%

	Preferred		$0	$0	0.0%
	Common		$0	$0	0.0%

Partnership/joint venture interests

0.0%

Real estate (other than employer real property)

0.0%

Loans (other than to participants)

0.0%

Participants Loans

$10,321,227

$10,071,523

2.48%

Value of interest in common/collective trusts

$399,088,340

$381,746,630

4.54%

Value of interest in pooled separate accounts

0.0%

Value of interest in master trust investment accounts

0.0%

Value of interest in 103-12 investment entities

0.0%

Value of interest in registered investment companies

0.0%

Value of funds held in insurance co. general account

0.0%

Other Investments

$7,965,120

$8,210,786

-2.99%

Employer-related Investments

$200,381,989

$229,345,463

-12.63%

	Employer Securities		$200,381,989	$229,345,463	-12.63%
	Employer Real Property		$0	$0	0.0%

Buildings and other property used in plan operation

0.0%

Total Liabilities

$882,841

$277,445

218.20%

Benefit Claims Payable (1)	$616,067	$15,490	3877.19%
Operating Payables (1)	$0	$0	0.0%
Acquisition Indebtedness (1)	$0	$0	0.0%
Other liabilities (1)	$266,774	$261,955	1.84%

Net Assets

$619,431,730

$631,720,643

-1.95%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

State Street Global Markets LLC
Invesco National Trust Company

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
Voya Advisors LLC	Investment advisory (participants)	Contractual	$212,017	$0	$212,017
Evercore Trust Company	Investment management	Contractual	$150,000	$0	$150,000
Alliance Bernstein	Trustee (bank, trust company, or similar financial institution), Investment management fees paid directly by plan	Contractual	$126,189	$0	$126,189
State Street Bank and Trust Company	Trustee (directed)	Directed Trustee	$108,497	$0	$108,497
Voya Institutional Plan Services	Participant loan processing, Other fees	Record Keeper	$79,453	$0	$79,453
State Street Global Advisors	Trustee (directed)	Contractual	$71,206	$0	$71,206
Td Ameritrade	Securities brokerage	Sdba Service Provider	$6,020	$0	$6,020
Total			$753,382	$0	$753,382

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

Name of Investment	Investment Manager	Type of Investment	Dollar Value
S & P 500 Index	State Street Bank & Trust Co	DFE: Common/Collective Trust	$88,428,242
S & P Midcap Index	State Street Bank & Trust Co	DFE: Common/Collective Trust	$57,961,428
Sei Stable Asset Fund	Dwight Asset Management Company	DFE: Common/Collective Trust	$45,474,997
Int'L Index Sl Sf	State Street Bank & Trust Co	DFE: Common/Collective Trust	$40,685,568
Ssga S & P 500 Index Nl Series Fund	State Street Global Advisors	DFE: Common/Collective Trust	$39,886,647
U.S. Bonds Index	State Street Bank & Trust Co	DFE: Common/Collective Trust	$32,828,354
Russell Small Cap Index	State Street Bank & Trust Co	DFE: Common/Collective Trust	$26,131,985
Ssga Global Equity Ex-Us Index Nl S	State Street Global Advisors	DFE: Common/Collective Trust	$22,068,865
Ssga Us Bond Index Nl Series Fund	State Street Global Advisors	DFE: Common/Collective Trust	$20,879,182
Ssga Russell Small/Mid Cap Index Nl	State Street Global Advisors	DFE: Common/Collective Trust	$11,978,119
Ssga Tuckerman Global Liquid Re	State Street Global Advisors	DFE: Common/Collective Trust	$8,670,662
Ssga 1-10 Yr Us Tips Index Nl Sf Cl	State Street Global Advisors	DFE: Common/Collective Trust	$4,161,050
Ssga Us Short Term Govt/Credit Bond	State Street Global Advisors	DFE: Common/Collective Trust	$208,255
Total			$399,363,354

Insurance Information

There are no insurance carriers listed for this plan.

YUM! Brands, Inc.

YUM! Brands 401k Plan

Form 5500 Year:

Overview

Plan Information

Participant Information as of 12/31/2014

Expenses

Sponsor Information

Audit Information

Benefits Provided Under the Plan

Questions and Answers

Financials

Income and Expense Statement

Asset and Liability Statement

Service Providers

Persons Receiving Only Eligible Indirect Compensation

Other Service Providers Receiving Direct or Indirect Compensation

Indirect Compensation

Service Providers Who Fail or Refuse to Provide Information

Termination Information on Accountants and Enrolled Actuaries

Investments

Investments

Insurance Information

Insurance Information