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FORM 5500 DATA

Eastman Kodak Employees' Savings and Investment Plan

Overview

Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan08/18/1960
  • Net Assets as of 12/31/2019 $2,699,221,054
  • Plan Number2
  • 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) Participants2,265
  • Retired or separated participants receiving benefits837
  • Other retired or separated participants entitled to future benefits7,460
  • Subtotal10,562
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits454
  • Total11,016
  • Total number of participants as of 01/01/201911,922
  • Number of participants with account balances10,134
  • 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

  • Address343 State Street
  • CityRochester
  • StateNY
  • Zip14650-0904
  • Telephone(585) 724-4800
  • EIN16-0417150
  • Industry Code339900
  • Named AdministratorPaul Dils
  • Named Plan SponsorPaul Dils

Plan Administrator Information

  • Administrator NameSavings and Investment Plan Committee
  • Address343 State Street
  • CityRochester
  • StateNY
  • Zip14650-0904
  • Telephone(585) 724-4800
  • Administrator EIN16-1105360

Audit Information

  • Audit StatusAudited
  • AuditorInsero & Co. CPAS, LLP
  • Auditor EIN47-5324570
  • 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.
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.

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 $5,000,000
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 $419,577,819
Contributions $24,625,923
Cash Contributions $24,625,923
Cash from Employers $0
Cash from Participants $14,235,951
Others (including rollovers) $10,389,972
Noncash Contributions $0
Total Earnings on Investments $366,851,278
Total Interest $192,375
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $192,375
Interest from Other Investments $0
Total Dividends $20,275,383
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 $328,934,537
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 $17,448,983
Other Income $28,100,618
Expenses $321,650,059
Total Benefit Payments $320,633,552
Directly to participants or beneficiaries, including direct rollovers $320,633,552
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 $1,016,507
Professional Fees $70,470
Contract Administrator Fees $847,336
Investment Advisory and management fees $98,701
Other Administrative Fees $0
Net Income $97,927,760
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 $2,699,221,054 $2,601,293,294 3.76%
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 $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 $3,851,437 $4,288,031 -10.18%
Value of interest in common/collective trusts $1,685,063,711 $1,536,239,385 9.69%
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 $869,336,146 $926,655,158 -6.19%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $140,969,760 $134,110,720 5.11%
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 $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 $2,699,221,054 $2,601,293,294 3.76%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

There is no information on eligible indirect compensation for this plan.

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
T Rowe Price Associates, Inc. Investment management, Securities brokerage, Participant loan processing, Direct payment from the plan, Other commissions, Securities brokerage commissions and fees, Other services, Recordkeeping and information management (computing, tabulating, data processing, etc.) NONE $847,336 $0 $847,336
Nepc, LLC Consulting (general), Direct payment from the plan NONE $98,701 $0 $98,701
Insero & Co. CPAS, LLP Accounting (including auditing), Direct payment from the plan NONE $48,000 $0 $48,000
Harter Secrest & Emery LLP Legal, Direct payment from the plan NONE $14,539 $0 $14,539
Sidley Austin LLP Legal, Direct payment from the plan NONE $7,931 $0 $7,931
Total $1,016,507 $0 $1,016,507

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
Blackrock Equity Index J Blackrock Inst. Trust Company DFE: Common/Collective Trust $316,663,337
T Rowe Price Retirement Hybrid 2020 T Rowe Price DFE: Common/Collective Trust $257,833,966
T Rowe Price Retirement Hybrid 2025 T Rowe Price DFE: Common/Collective Trust $221,174,557
T Rowe Price Retirement Hybrid 2030 T Rowe Price DFE: Common/Collective Trust $183,605,035
Blackrock Russell 2000 Index Fund F Blackrock Inst. Trust Company DFE: Common/Collective Trust $137,635,445
T Rowe Price Retirement Hybrid 2015 T Rowe Price DFE: Common/Collective Trust $115,390,838
Blackrock U.S. Debt Index M Blackrock Inst. Trust Company DFE: Common/Collective Trust $83,314,673
T Rowe Price Retirement Hybrid 2010 T Rowe Price DFE: Common/Collective Trust $72,496,777
T Rowe Price Retirement Hybrid 2005 T Rowe Price DFE: Common/Collective Trust $70,283,978
T Rowe Price Retirement Hybrid 2040 T Rowe Price DFE: Common/Collective Trust $63,501,268
Blackrock Msci Eafe Equity Index M Blackrock Inst. Trust Company DFE: Common/Collective Trust $56,397,025
T Rowe Price Retirement Hybrid 2035 T Rowe Price DFE: Common/Collective Trust $55,267,878
T Rowe Price Retirement Hybrid 2045 T Rowe Price DFE: Common/Collective Trust $29,318,888
T Rowe Price Retirement Hybrid 2055 T Rowe Price DFE: Common/Collective Trust $10,702,231
T Rowe Price Retirement Hybrid 2050 T Rowe Price DFE: Common/Collective Trust $6,707,683
T Rowe Price Retirement Hybrid 2060 T Rowe Price DFE: Common/Collective Trust $4,770,132
Total $1,685,063,711

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.