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FORM 5500 DATA

Advanced Drainage Systems, Inc. Employee Stock Ownership Plan

Overview

Plan Information

  • Plan Year04/01/2019 — 03/31/2020
  • Date of Plan04/01/1993
  • Net Assets as of 03/31/2020 $556,246,593
  • 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?Yes
  • Plan Funding Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 03/31/2020

  • Active (Eligible) Participants3,579
  • Retired or separated participants receiving benefits1,080
  • Other retired or separated participants entitled to future benefits1,761
  • Subtotal6,420
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits21
  • Total6,441
  • Total number of participants as of 04/01/20196,152
  • Number of participants with account balances6,437
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested229

Expenses

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

Sponsor Information

  • Address4640 Trueman Blvd
  • CityHilliard
  • StateOH
  • Zip43026-2438
  • Telephone(614) 658-0106
  • EIN51-0105665
  • Industry Code326100
  • Named AdministratorScott Cottrill
  • Named Plan SponsorScott Cottrill

Audit Information

  • Audit StatusAudited
  • AuditorGbq Partners, LLC
  • Auditor EIN20-2122306

Benefits Provided Under the Plan

Code Benefit Description
2I Stock bonus A stock bonus plan is a type of profit-sharing by which a corporation uses its own stock to make contributions and distributions.
2P Leveraged ESOP An Employee Stock Ownership Plan (ESOP) that acquires employer securities with borrowed money or other debt-financing techniques.
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 $10,000,000
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 $87,374,893
Contributions $0
Cash Contributions $0
Cash from Employers $0
Cash from Participants $0
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $86,967,648
Total Interest $66,595
Interest-Bearing Cash $66,595
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 $27,622,445
Preferred Stock $0
Common Stock $23,595,964
Rents $0
Net gain (loss) on sale of assets $0
Aggregate Proceeds $0
Aggregate Carrying Amount $0
Total Unrealized Appreciation (depreciation) of assets $59,251,998
Real Estate $0
Other $59,251,998
Net investment gain (loss) from common/collective trusts $0
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 $26,610
Other Income $407,245
Expenses $45,137,979
Total Benefit Payments $44,359,727
Directly to participants or beneficiaries, including direct rollovers $44,359,727
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 $148,173
Total Administrative Expenses $630,079
Professional Fees $114,900
Contract Administrator Fees $96,558
Investment Advisory and management fees $399,960
Other Administrative Fees $18,661
Net Income $42,236,914
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $251,633

Asset and Liability Statement

03/31/2020 03/31/2019 Change YOY
Total Assets $559,381,199 $530,015,561 5.54%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $1,341 $117,444 -98.86%
Employer Contributions $0 $0 0.0%
Participant Contributions $0 $0 0.0%
Other Contributions $1,341 $117,444 -98.86%
General Investments $244,707 $10,340,607 -97.63%
Interest-bearing cash $244,707 $6,798,052 -96.40%
U.S. Government Securities $0 $3,542,555 -100.00%
Corporate Debt Instruments $0 $7,431,308 -100.00%
Preferred $0 $0 0.0%
All Other $0 $7,431,308 -100.00%
Corporate Stocks $0 $31,876,425 -100.00%
Preferred $0 $4,692,202 -100.00%
Common $0 $27,184,223 -100.00%
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 $0 $0 0.0%
Value of interest in common/collective trusts $0 $21,738,517 -100.00%
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 $69,693,744 $8,571,369 713.10%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $0 $0 0.0%
Employer-related Investments $489,441,407 $449,939,891 8.78%
Employer Securities $489,441,407 $449,939,891 8.78%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $3,134,606 $15,754,249 -80.10%
Benefit Claims Payable (1) $1,307,218 $967,953 35.05%
Operating Payables (1) $1,950 $0 0.0%
Acquisition Indebtedness (1) $1,822,227 $14,786,296 -87.68%
Other liabilities (1) $3,211 $0 0.0%
Net Assets $556,246,593 $514,261,312 8.16%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Fifth Third Bank

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
Fifth Third Bank Retirement Service Investment management, Direct payment from the plan Investment Management $272,665 $0 $272,665
Stout Risius Ross Investment management, Direct payment from the plan Investment Management $83,216 $0 $83,216
Crowe Recordkeeping and information management (computing, tabulating, data processing, etc.), Recordkeeping fees Recordkeeper/Bookkeeper $63,892 $0 $63,892
Northern Trust Company Investment management, Direct payment from the plan Investment Management $59,047 $0 $59,047
Gbq Partners LLC Accounting (including auditing), Direct payment from the plan Accountant $31,400 $0 $31,400
Morgan Stanley Investment management, Direct payment from the plan Investment Management $30,854 $0 $30,854
Findley Consulting (general), Direct payment from the plan Consultant $29,500 $0 $29,500
Winslow Capitol Mgt LLC Investment management, Direct payment from the plan Investment Management $21,587 $0 $21,587
Goldman Sachs Asset Management L.P. Investment management, Direct payment from the plan Investment Management $15,806 $0 $15,806
Bellwether Consulting Consulting (general), Direct payment from the plan Consultant $13,500 $0 $13,500
Total $621,467 $0 $621,467

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
Emerging Markets Fd Febt The Northern Trust Co of Connecticut DFE: Common/Collective Trust $0
Collective Short-Term Investment Fu Northern Trust Investments, N.A. DFE: Common/Collective Trust $0
Collective Aggregrate Bond Index Fu Northern Trust Investments, N.A. DFE: Common/Collective Trust $0
Small Cap Fund Febt The Northern Trust Co of Connecticut DFE: Common/Collective Trust $0
Coltv Daily 1-5Yr Cr Bd Index Fund Northern Trust Investments, N.A. DFE: Common/Collective Trust $0
Emerging Markets Index Fund Northern Trust Investments, N.A. DFE: Common/Collective Trust $0
Collective S&P 400 Index Fund Northern Trust Investments, N.A. DFE: Common/Collective Trust $0
Collective Russell 1000 Index Fund Northern Trust Investments, N.A. DFE: Common/Collective Trust $0
International Equity Fund Febt The Northern Trust Co of Connecticut DFE: Common/Collective Trust $0
All Country World Imi Fund Northern Trust Investments, N.A. DFE: Common/Collective Trust $0
Collective Global Real Estate Index Northern Trust Investments, N.A. DFE: Common/Collective Trust $0
Total $0

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.