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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

Sponsor Information

  • Address1441 Gardiner Ln
  • CityLouisville
  • StateKY
  • Zip40213-1914
  • Telephone(888) 372-5313
  • EIN13-3951308
  • Industry Code722513
  • Named AdministratorJoann Watkins
  • Named Plan SponsorJoann Watkins

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 $0
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 $0
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 $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 $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 $0
Certain deemed distributions of participant loans $0
Interest expense $0
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 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 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 $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 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 $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 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

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

Insurance Information

There are no insurance carriers listed for this plan.