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FORM 5500 DATA

A. Schulman, Inc. Retirement Plan

Overview

Plan Information

  • Plan Year09/01/2016 — 08/31/2017
  • Date of Plan09/01/1957
  • Net Assets as of 08/31/2017 $94,915,697
  • Plan Number1
  • 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 08/31/2017

  • Active (Eligible) Participants1,816
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits544
  • Subtotal2,360
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits8
  • Total2,368
  • Total number of participants as of 09/01/20162,228
  • Number of participants with account balances2,292
  • 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

  • Address3637 Ridgewood Road
  • CityCopley
  • StateOH
  • Zip44321
  • Telephone(330) 666-3751
  • EIN34-0514850
  • Industry Code326100
  • Named AdministratorKatie Pickle

Audit Information

  • Audit StatusAudited
  • AuditorBober, Markey, Fedorovich, & Co.
  • Auditor EIN34-1523030
  • 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.
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.

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? Yes $11,796
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? Yes
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? Yes

Financials

Income and Expense Statement

Income $19,041,551
Contributions $10,956,375
Cash Contributions $10,956,375
Cash from Employers $4,292,674
Cash from Participants $6,068,014
Others (including rollovers) $595,687
Noncash Contributions $0
Total Earnings on Investments $8,084,992
Total Interest $107,576
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $107,576
Interest from Other Investments $0
Total Dividends $972,015
Preferred Stock $0
Common Stock $0
Rents $0
Net gain (loss) on sale of assets $45,195
Aggregate Proceeds $323,327
Aggregate Carrying Amount $278,132
Total Unrealized Appreciation (depreciation) of assets $236,006
Real Estate $0
Other $236,006
Net investment gain (loss) from common/collective trusts $1,438,778
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 $5,285,422
Other Income $184
Expenses $10,439,090
Total Benefit Payments $10,192,534
Directly to participants or beneficiaries, including direct rollovers $10,192,534
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $24,229
Interest expense $0
Total Administrative Expenses $222,327
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $222,327
Net Income $8,602,461
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

08/31/2017 08/31/2016 Change YOY
Total Assets $94,915,697 $85,841,808 10.57%
Total noninterest-bearing cash $10 $97 -89.69%
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 $2,700,359 $2,431,745 11.05%
Value of interest in common/collective trusts $19,133,732 $19,184,428 -0.26%
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 $71,777,209 $62,879,060 14.15%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $0 $0 0.0%
Employer-related Investments $1,304,387 $1,346,478 -3.13%
Employer Securities $1,304,387 $1,346,478 -3.13%
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 $94,915,697 $85,841,808 10.57%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • American Century Investments
  • American Funds
  • Diamond Hill Funds
  • Dodge & Cox
  • Federated
  • Jpmorgan
  • Mainstay
  • Baird
  • Pimco Funds
  • Vanguard

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
Wells Fargo Bank, N.A. Recordkeeping and information management (computing, tabulating, data processing, etc.), Trustee (bank, trust company, or similar financial institution), Participant loan processing, Direct payment from the plan, Float revenue, Recordkeeping fees Service Provider $222,327 $0 $222,327
Total $222,327 $0 $222,327

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
Wells Fargo Stable Return Fund F Wells Fargo Bank, N.A. DFE: Common/Collective Trust $9,203,382
W.F./Blackrock S&P 500 Index Cit F Wells Fargo Bank, N.A. DFE: Common/Collective Trust $4,508,587
Wells Fargo/Mfs Value Cit F Wells Fargo Bank, N.A. DFE: Common/Collective Trust $3,913,824
W.F./Blackrock S&P Midcap Ind Cit F Wells Fargo Bank, N.A. DFE: Common/Collective Trust $1,507,939
Total $19,133,732

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.