UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 11-K
FOR ANNUAL REPORTS OF EMPLOYEE STOCK
PURCHASE, SAVINGS AND SIMILAR PLANS
PURSUANT TO SECTION 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
(Mark One):
| x | ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the fiscal year ended December 31, 2010
| ¨ | TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the transition period from to .
Commission file number: 001-32846
| A. | Full title of the plan and the address of the plan, if different from that of the issuer named below: |
OLDCASTLE MATERIALS, INC. RETIREMENT SAVINGS PLAN
| B. | Name of issuer of the securities held pursuant to the plan and the address of its principal executive office: |
CRH, plc
Belgard Castle, Clondalkin
Dublin 22, Ireland
The securities may be represented by American Depositary Shares evidenced by American Depositary Receipts issuable on deposit of the securities.
REQUIRED INFORMATION
Financial Statements. The following financial statements and schedule are filed as part of this annual report and appear immediately after the signature page hereof:
| 1. | Report of Independent Registered Public Accounting Firm |
| 2. | Statement of Net Assets Available for Benefits |
| 3. | Statement of Changes in Net Assets Available for Benefits |
| 4. | Notes to Financial Statements |
| 5. | Supplemental Schedule |
Exhibits. The following exhibit is filed as a part of this annual report:
Exhibit 23.1 Consent of Crowe Horwath LLP
The Plan. Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Plan has duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.
| OLDCASTLE MATERIALS, INC. RETIREMENT SAVINGS PLAN | ||||
| Date: June 28, 2011 | /s/ Charles Brown | |||
| Charles Brown, CFO Oldcastle Materials, Inc, and | ||||
| Member, Benefit Plans Administrative Committee | ||||
RETIREMENT SAVINGS PLAN
Atlanta, Georgia
FINANCIAL STATEMENTS
December 31, 2010
CONTENTS
| 1 | ||||
FINANCIAL STATEMENTS | ||||
| 2 | ||||
| 3 | ||||
| 4 | ||||
SCHEDULE H, LINE 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR) | 10 | |||
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Participants and Investment Committee of
the Oldcastle Materials, Inc. Retirement Savings Plan
Atlanta, Georgia
We have audited the accompanying statement of net assets available for benefits of the Oldcastle Materials, Inc. Retirement Savings Plan (“the Plan”) as of December 31, 2010, and the related statement of changes in net assets available for benefits for the year then ended. These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on these financial statements based on our audit.
We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements.
An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2010, and the changes in net assets available for benefits for the year then ended in conformity with U.S. generally accepted accounting principles.
Our audit was conducted for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental Schedule H, Line 4i - Schedule of Assets (Held at End of Year) is presented for the purpose of additional analysis and is not a required part of the basic financial statements but is supplementary information required by the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. The supplemental schedule is the responsibility of the Plan’s management. The supplemental schedule has been subjected to the auditing procedures applied in the audit of the basic 2010 financial statements and, in our opinion, is fairly stated in all material respects in relation to the basic 2010 financial statements taken as a whole.
Crowe Horwath LLP
Oak Brook, Illinois
June 28, 2011
| 1. |
OLDCASTLE MATERIALS, INC. RETIREMENT SAVINGS PLAN
STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS
December 31, 2010
Investments, at fair value (Note 4 and 5) | $ | 614,742,782 | ||
Receivables | ||||
Notes receivable from participants | 11,513,901 | |||
Employer profit sharing contributions | 25,241,378 | |||
Employer matching contributions | 203,367 | |||
Participant contributions | 368,792 | |||
Total receivables | 37,327,438 | |||
Total assets | 652,070,220 | |||
Net assets, reflecting all investments at fair value | 652,070,220 | |||
Adjustment from fair value to contract value for fully benefit-responsive investment contracts | (1,054,216 | ) | ||
NET ASSETS AVAILABLE FOR BENEFITS | $ | 651,016,004 | ||
See accompanying notes to financial statements. |
2. |
OLDCASTLE MATERIALS, INC. RETIREMENT SAVINGS PLAN
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
Year ended December 31, 2010
Additions to net assets attributable to: | ||||
Investment income | ||||
Interest and dividends | $ | 10,737,839 | ||
Net appreciation in fair value of investments (Note 4 ) | 36,633,884 | |||
Total investment income | 47,371,723 | |||
Interest income on notes receivable from participants | 327,780 | |||
Contributions | ||||
Employer | 52,679,259 | |||
Participants | 36,701,667 | |||
Rollover | 8,023,902 | |||
Total contributions | 97,404,828 | |||
Total additions | 145,104,331 | |||
Deductions from net assets attributable to: | ||||
Benefits paid to participants | 31,233,381 | |||
Administrative expenses | 134,607 | |||
Total deductions | 31,367,988 | |||
Increase before transfers | 113,736,343 | |||
Transfers in – plan mergers (Note 6) | 537,279,661 | |||
Net increase | 651,016,004 | |||
Net assets available for benefits Beginning of year | — | |||
End of year | $ | 651,016,004 | ||
See accompanying notes to financial statements. |
3. |
(Continued) | 4. |
OLDCASTLE MATERIALS, INC. RETIREMENT SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
December 31, 2010
NOTE 1 - DESCRIPTION OF PLAN
The following description of the Oldcastle Materials, Inc. Retirement Savings Plan (Plan) provides only general information. Participants should refer to the Plan agreement for a more complete description of the Plan’s provisions.
General: The Plan is a defined contribution plan covering employees of Oldcastle Materials, Inc. and certain subsidiaries (collectively referred to as the Company) who are 18 years old or older and who have completed 90 days of service. Eligibility for Company contributions requires one year or 1,000 hours of service along with the age requirements. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974 (ERISA).
Contributions: Each year, participants may contribute up to 75% of pretax annual compensation, as defined in the Plan and subject to certain limitations. Participants may also contribute amounts representing distributions from other qualified defined benefit or defined contribution plans. The Company generally matches 100% up to 4% of the base compensation that a participant contributes to the Plan. Additional profit sharing amounts may be contributed at the option of the Company’s board of directors. Certain participating employers of the Plan have different employer matching and profit sharing contribution formulas. These formulas are contained in the plan documents. Contributions are subject to certain limitations. Plan participants direct the investment of their contributions and the employer matching contributions and profit sharing contributions into the various investment options offered by the Plan.
Participant Accounts: Each participant’s account is credited with the participant’s own contributions and an allocation of (a) the Company’s matching contributions, (b) Plan earnings, and (c) the Company’s employer profit sharing contributions and is charged with his or her withdrawals and an allocation of administrative expenses. Allocations are based on participant earnings or account balances, as defined. The benefit to which a participant is entitled is the benefit that can be provided from the participant’s vested account. Each participant directs the investment of his or her account to any of the investment options available under the Plan.
Retirement, Death and Disability: A participant is entitled to 100% of his or her account balance upon retirement, death or disability.
Vesting: Participants are immediately vested in their contributions and the matching contributions plus actual earnings thereon. Vesting in the profit sharing contributions, plus earnings thereon, is generally based on a five-year graded schedule at 20% per year, though some participating employers have other vesting schedules for the profit sharing accounts as detailed in the plan documents.
Payment of Benefits: On termination of service due to death, disability, or retirement, a participant may elect to receive a lump-sum amount equal to the value of the participant’s vested interest in his or her account in monthly, quarterly, or annual installments. For termination of service for other reasons, a participant may receive the value of the vested interest in his or her account as a lump-sum distribution.
Notes Receivable from Participants: Participants may borrow from their pretax and rollover accounts a minimum of $1,000 up to a maximum of $50,000 or 50% of their pretax and rollover account balance, whichever is less. The loans are secured by the balance in the participant’s account. The interest rate charged to the participant on a loan is updated quarterly and effective on the first business day of the next calendar quarter. The rate is based on the Reuters prime rate with specific deltas. The delta rate is one percent added to or subtracted from the prime rate. Principal and interest are paid through payroll deductions.
Forfeitures: Participant forfeitures of Company profit sharing contributions are used to offset plan expenses or future Company profit sharing contributions. As of December 31, 2010, $2,202,078 of forfeited profit sharing contributions were used to offset the funding of the profit sharing contribution receivable reflected in the financial statements.
OLDCASTLE MATERIALS, INC. RETIREMENT SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
December 31, 2010
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Accounting: The financial statements of the Plan are prepared under the accrual basis of accounting.
Investment Valuation and Income Recognition: The Plan’s investments are reported at fair value as further described in Note 5. Purchases and sales of securities are recorded on a trade-date basis. Interest income is recorded on the accrual basis. Dividends are recorded on the ex-dividend date. Net appreciation (depreciation) includes the plan’s gains and losses on investments bought and sold as well as held during the year.
Notes Receivable from Participants: Notes receivable from participants are reported at their unpaid principal balance plus any accrued but unpaid interest, with no allowance for credit losses, as repayments of principal and interest are received through payroll deductions and the notes are collateralized by the participants’ account balances.
Fully Benefit-Responsive Investment Contracts: While Plan investments are presented at fair value in the statement of net assets available for benefits, any material difference between the fair value of the Plan’s indirect interests in fully benefit-responsive investment contracts and their contract value is presented as an adjustment line in the statement of net assets available for benefits, because contract value is the relevant measurement attribute for that portion of the Plan’s net assets available for benefits. Contract value represents contributions made to a contract, plus earnings, less participant withdrawals and administrative expenses. Participants in fully benefit-responsive contracts may ordinarily direct the withdrawal or transfer of all or a portion of their investment at contract value. The Plan holds an indirect interest in fully benefit-responsive contracts through its investment in stable value funds.
Payment of Benefits: Benefits are recorded when paid.
Estimates: The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires the plan administrator to make estimates and assumptions that affect certain reported amounts and disclosures, and actual results may differ from these estimates.
Risks and Uncertainties: The Plan holds various investment securities. Investment securities are exposed to various risks such as interest rate, market, liquidity and credit risks. Due to the level of risk associated with certain investment securities and the sensitivity of certain fair value estimates to changes in valuation assumptions, it is at least reasonably possible that changes in the fair values of investment securities will occur in the near term and that such changes could materially affect participants’ account balances and the amounts reported in the statement of net assets available for benefits.
NOTE 3 - RIGHTS UPON PLAN TERMINATION
Although it has not expressed any intent to do so, the Company has the right under the Plan to discontinue its contributions at any time and to terminate the Plan subject to the provisions of ERISA. In the event of plan termination, participants would become 100% vested in their employer contributions and earnings thereon.
(Continued) | 5. |
OLDCASTLE MATERIALS, INC. RETIREMENT SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
December 31, 2010
NOTE 4 - INVESTMENTS
The following presents the fair values of investments that represent 5% or more of the Plan’s net assets available for benefits as of December 31, 2010.
American Funds Europacific Growth Fund | $ | 34,554,849 | ||
American Funds Growth Fund of America | 56,602,660 | |||
Oakmark Equity and Income Fund | 42,480,578 | |||
PIMCO Total Return Fund - Administrative Class | 51,344,984 | |||
Vanguard Institutional Index Fund | 36,142,705 | |||
Fidelity Managed Income Portfolio II | ||||
(Contract Value for 2010: $ 105,709,427) | 106,763,643 |
During 2010, the Plan’s investments (including gains and losses on investments bought and sold, as well as held during the year) appreciated in value by $36,633,884 as follows:
Mutual funds | $ | 35,578,352 | ||
Collective trusts | 1,055,532 | |||
Net appreciation | $ | 36,633,884 | ||
NOTE 5 - FAIR VALUE MEASUREMENTS
Fair value is the price that would be received by the Plan for an asset or paid by the Plan to transfer a liability (an exit price) in an orderly transaction between market participants on the measurement date in the Plan’s principal or most advantageous market for the asset or liability. Fair value measurements are determined by maximizing the use of observable inputs and minimizing the use of unobservable inputs. The hierarchy places the highest priority on unadjusted quoted market prices in active markets for identical assets or liabilities (level 1 measurements) and gives the lowest priority to unobservable inputs (level 3 measurements). The three levels of inputs within the fair value hierarchy are defined as follows:
Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that the Plan has the ability to access as of the measurement date.
Level 2: Significant other observable inputs other than level 1 price such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that is observable or can be corroborated by observable market data.
Level 3: Significant unobservable inputs that reflect the Plan’s own assumptions about the assumptions that market participants would use in pricing an asset or liability.
In some cases, a valuation technique used to measure fair value may include inputs from multiple levels of the fair value hierarchy. The lowest level of significant input determines the placement of the entire fair value measurement in the hierarchy.
The following descriptions of the valuation methods and assumptions used by the Plan to estimate the fair values of investments apply to investments held directly by the Plan.
Mutual funds: The fair values of mutual fund investments are determined by obtaining quoted prices on nationally recognized securities exchanges (level 1 inputs).
(Continued) | 6. |
OLDCASTLE MATERIALS, INC. RETIREMENT SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
December 31, 2010
NOTE 5 - FAIR VALUE MEASUREMENTS (Continued)
Company common stock: The fair value of CRH plc common stock is determined by obtaining quoted prices from a nationally recognized exchange (level 1 input).
Stable value funds: The fair values of participation units in the stable value collective trusts are based upon the net asset values of such fund, after adjustments to reflect all fund investments at fair value, including direct and indirect interests in fully benefit-responsive contracts, as reported in the audited financial statements of the fund (level 2 inputs). The Wells Fargo stable value fund invests in investment contracts and instruments issued by selected high quality insurance companies and financial institutions. It seeks to provide a moderate level of stable income without principal volatility while seeking to maintain adequate liquidity and returns superior to shorter maturity in connection with this investment.
The fund generally provides for daily redemptions by the Plan at reported net asset value per share without any advance notification requirements. The Fidelity Managed Income Portfolio II Fund invests in assets such as fixed-income securities or bond funds and may include derivative instruments such as futures contracts and swap agreements. The fund also enters into wrapper contracts issued by third parties and invests in cash equivalents. It seeks to preserve capital and to achieve a competitive level of income over a period of time. The fund provides for daily redemptions by the Plan at reported net asset value per share. There are no significant redemption restrictions or advance notification requirements.
The methods described above may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, while the Plan believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date.
Investments measured at fair value on a recurring basis are summarized below.
| Fair Value Measurements at December 31, 2010, Using | ||||||||||||
| Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | ||||||||||
Investments: | ||||||||||||
CRH plc common stock | $ | 6,584,124 | $ | — | $ | — | ||||||
Mutual Funds: | ||||||||||||
Domestic large cap equities | 114,590,136 | — | — | |||||||||
Domestic mid cap equities | 40,679,801 | — | — | |||||||||
Domestic small cap equities | 9,571,434 | — | — | |||||||||
International small cap equities | 10,544,626 | — | — | |||||||||
International mid cap equities | 6,324,508 | — | — | |||||||||
International large cap equities | 48,608,716 | — | — | |||||||||
Target Date 2010-2020 | 54,863,723 | — | — | |||||||||
Target Date 2021-2030 | 50,472,367 | — | — | |||||||||
Target Date 2031-2050 | 39,203,636 | — | — | |||||||||
Blended | 65,185,467 | — | — | |||||||||
Fixed Income | 55,769,516 | — | — | |||||||||
Stable Value Funds | — | 112,344,728 | — | |||||||||
| $ | 502,398,054 | $ | 112,344,728 | — | ||||||||
(Continued) | 7. |
OLDCASTLE MATERIALS, INC. RETIREMENT SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
December 31, 2010
NOTE 6 - PLAN MERGERS
The Plan was effective January 1, 2010. The majority of pre-existing Oldcastle Materials subsidiaries’ plans were merged into the Plan in various phases during 2010. The total plan mergers for 2010 plan year were $537,279,661.
NOTE 7 - PARTY-IN-INTEREST TRANSACTIONS
Parties-in-interest are defined under Department of Labor regulations as any fiduciary of the Plan, any party rendering service to the Plan, the employer, and certain others. The Plan holds investments in shares of mutual funds managed by Fidelity Investments, an affiliate of the Plan trustee, and a stable value fund issued by Fidelity Management Trust Company, the Plan trustee. These transactions qualify as party-in-interest transactions.
Actual fees paid by the Plan for recordkeeping services to an affiliate of the trustee also qualify as party-in-interest transactions. Such costs are included in administrative expenses in the accompanying financial statements.
The Plan held notes receivable from participants, and therefore, these transactions also qualify as party in interest.
As of December 31, 2010, the Plan held 316,545 shares of common stock of CRH plc valued at $6,584,124. The Plan also received dividends of $77,208 during 2010 on this common stock. As Oldcastle Materials, Inc. is a division of CRH plc, this investment and transactions therein are considered party in interest.
NOTE 8 - TAX STATUS
The Plan has applied for a determination letter from the Internal Revenue Service. Although the Plan has not yet received a favorable determination letter, Plan management believes the Plan is currently designed and being operated in compliance with the applicable requirements of the Internal Revenue Code. Therefore, management believes that the Plan was qualified and the related trust was tax-exempt as of the financial statement date.
NOTE 9 - RECONCILIATION OF FINANCIAL STATEMENTS TO FORM 5500
The following is a reconciliation of net assets available for benefits per the financial statements at December 31, 2010 to the Form 5500:
Net assets available for benefits per the financial statements | $ | 651,016,004 | ||
Deficiency of contract value over estimated fair value of investment in stable value fund | 1,054,216 | |||
Employer receivables not included on the 5500 | (25,444,745 | ) | ||
Employee receivables not included on the 5500 | (368,792 | ) | ||
Net assets per the Form 5500 | $ | 626,256,683 | ||
(Continued) | 8. |
NOTE 9 - RECONCILIATION OF FINANCIAL STATEMENTS TO FORM 5500 (Continued)
The following is a reconciliation of the change in net assets available for benefits prior to transfers for the year ended December 31, 2010 per the financial statements to the net income reported in the 2010 Form 5500:
Increase in net assets available for benefits per the | ||||
financial statements prior to plan transfers | $ | 113,736,343 | ||
Change in deficiency of contract value over estimated fair value of investment in stable value fund | 1,054,216 | |||
Immaterial differences in transfer amount between financials and Form 5500 | 159,032 | |||
Employer receivables not included on the 5500 | (25,444,745 | ) | ||
Employee receivables not included on the 5500 | (368,792 | ) | ||
Net income per the Form 5500 | $ | 89,136,054 | ||
OLDCASTLE MATERIALS, INC. RETIREMENT SAVINGS PLAN
SCHEDULE H, LINE 4i – SCHEDULE OF ASSETS
(HELD AT END OF YEAR)
December 31, 2010
Name of plan sponsor: Oldcastle Materials, Inc.
Employer identification: 95-3962933
Three-digit plan number: 001
(a) | (b) Identity of Issuer, Borrower, Lessor or Similar Party | (c) Description of Investment Including Maturity Date, Rate of Interest, Collateral Par or Maturity Date | (d) | (e) Current Value | ||||||||
Mutual Funds | ||||||||||||
PIMCO | Total Return Fund | # | 51,344,984 | |||||||||
Harbor | Harbor International Institutional Fund | # | 14,053,867 | |||||||||
T Rowe Price | Dividend Growth Fund | # | 11,883,813 | |||||||||
Morgan Stanley | Mid Cap Growth Portfolio | # | 24,213,325 | |||||||||
Vanguard | Vanguard Institutional Index Fund | # | 36,142,705 | |||||||||
Columbia | Small Cap Value Fund | # | 10,544,626 | |||||||||
Prudential | Jenison Small Company Fund | # | 9,571,434 | |||||||||
MFS | Value Fund | # | 21,244,013 | |||||||||
Oakmark | Equity and Income Fund | # | 42,480,578 | |||||||||
American Funds | Growth Fund of America | # | 56,602,660 | |||||||||
American Funds | Europacific Growth Fund | # | 34,554,849 | |||||||||
Artisan | Mid Cap Value Fund | # | 9,334,097 | |||||||||
* | Fidelity Investments | Freedom Income Fund | # | 4,424,532 | ||||||||
* | Fidelity Investments | Fidelity Freedom 2010 Fund | # | 8,713,954 | ||||||||
* | Fidelity Investments | Fidelity Freedom 2020 Fund | # | 28,792,491 | ||||||||
* | Fidelity Investments | Fidelity Freedom 2030 Fund | # | 28,041,377 | ||||||||
* | Fidelity Investments | Fidelity Spartan Extended Market Index Fund | # | 7,132,379 | ||||||||
* | Fidelity Investments | Fidelity Freedom 2040 Fund | # | 13,963,252 | ||||||||
* | Fidelity Investments | Fidelity Freedom 2015 Fund | # | 17,357,276 | ||||||||
* | Fidelity Investments | Fidelity Freedom 2025 Fund | # | 22,430,990 | ||||||||
* | Fidelity Investments | Fidelity Freedom 2035 Fund | # | 15,306,298 | ||||||||
* | Fidelity Investments | Fidelity Freedom 2045 Fund | # | 5,892,492 | ||||||||
* | Fidelity Investments | Fidelity Freedom 2050 Fund | # | 4,041,594 | ||||||||
* | Fidelity Investments | Fidelity Low Priced Stock Fund | # | 6,324,508 | ||||||||
Royce | Royce Pennsylvania Mutual Fund | # | 10,310,268 | |||||||||
Stable Value Funds | ||||||||||||
Wells Fargo | Well Fargo Stable Value Fund | # | 5,581,085 | |||||||||
* | Fidelity Management Trust | Managed Income Portfolio II Fund | # | 106,763,643 | ||||||||
Company | ||||||||||||
Company Stock | ||||||||||||
* | CRH plc | Common Stock | # | 6,584,124 | ||||||||
OLDCASTLE MATERIALS, INC. RETIREMENT SAVINGS PLAN
SCHEDULE H, LINE 4i – SCHEDULE OF ASSETS
(HELD AT END OF YEAR)
December 31, 2010
Name of plan sponsor: Oldcastle Materials, Inc.
Employer identification: 95-3962933
Three-digit plan number: 001
(a) | (b) Identity of Issuer, Borrower, Lessor or Similar Party | (c) Description of Investment Including Maturity Date, Rate of Interest, Collateral Par or Maturity Date | (d) | (e) Current Value | ||||||||
Other | ||||||||||||
Various | Self Directed Brokerage Accounts | # | $ | 1,111,568 | ||||||||
* | Plan participants | Participant loans, interest rates at 4.25% to 10.25% with ranging maturities until November 2020 | # | 11,513,901 | ||||||||
| $ | 626,256,683 | |||||||||||
| * | Indicates a permitted party-in-interest |
| # | Cost information is not required for participant-directed investments and therefore has not been included in this schedule |
EXHIBIT INDEX
| Exhibit No. | Exhibit | |
23.1 | Consent of Independent Registered Public Accounting Firm |
