MICHELIN NORTH AMERICA, INC. has sponsored the creation of one or more 401k plans.
Additional information about MICHELIN NORTH AMERICA, INC.
| Measure | Date | Value |
|---|
| 2022: MICHELIN RETIREMENT PLAN 2022 401k membership |
|---|
| Market value of plan assets | 2022-10-31 | 3,108,087,425 |
| Acturial value of plan assets | 2022-10-31 | 3,032,314,464 |
| Funding target for retired participants and beneficiaries receiving payment | 2022-10-31 | 1,853,955,727 |
| Number of terminated vested participants | 2022-10-31 | 1,656 |
| Fundng target for terminated vested participants | 2022-10-31 | 97,038,047 |
| Active participant vested funding target | 2022-10-31 | 471,956,298 |
| Number of active participants | 2022-10-31 | 4,629 |
| Total funding liabilities for active participants | 2022-10-31 | 501,941,947 |
| Total participant count | 2022-10-31 | 21,144 |
| Total funding target for all participants | 2022-10-31 | 2,452,935,721 |
| Balance at beginning of prior year after applicable adjustments | 2022-10-31 | 0 |
| Prefunding balance at beginning of prior year after applicable adjustments | 2022-10-31 | 374,734,608 |
| Carryover balanced portion elected for use to offset prior years funding requirement | 2022-10-31 | 0 |
| Prefunding balanced used to offset prior years funding requirement | 2022-10-31 | 0 |
| Amount remaining of carryover balance | 2022-10-31 | 0 |
| Amount remaining of prefunding balance | 2022-10-31 | 374,734,608 |
| Present value of excess contributions | 2022-10-31 | 0 |
| Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2022-10-31 | 0 |
| Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2022-10-31 | 0 |
| Reductions in caryover balances due to elections or deemed elections | 2022-10-31 | 0 |
| Reductions in prefunding balances due to elections or deemed elections | 2022-10-31 | 0 |
| Balance of carryovers at beginning of current year | 2022-10-31 | 0 |
| Balance of prefunding at beginning of current year | 2022-10-31 | 409,210,192 |
| Total employer contributions | 2022-10-31 | 0 |
| Total employee contributions | 2022-10-31 | 0 |
| Contributions allocated toward unpaid minimum require contributions from prior years | 2022-10-31 | 0 |
| Contributions made to avoid restrictions adjusted to valuation date | 2022-10-31 | 0 |
| Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2022-10-31 | 0 |
| Unpaid minimum required contributions for all prior years | 2022-10-31 | 0 |
| iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2022-10-31 | 0 |
| Remaining amount of unpaid minimum required contributions | 2022-10-31 | 0 |
| Minimum required contributions for current year target normal cost | 2022-10-31 | 7,533,967 |
| Net shortfall amortization installment of oustanding balance | 2022-10-31 | 0 |
| Waiver amortization installment | 2022-10-31 | 0 |
| Total funding amount beforereflecting carryover/prefunding balances | 2022-10-31 | 0 |
| Carryover balance elected to use to offset funding requirement | 2022-10-31 | 0 |
| Prefunding balance elected to use to offset funding requirement | 2022-10-31 | 0 |
| Additional cash requirement | 2022-10-31 | 0 |
| Contributions allocatedtoward minimum required contributions for current year | 2022-10-31 | 0 |
| Unpaid minimum required contributions for current year | 2022-10-31 | 0 |
| Unpaid minimum required contributions for all years | 2022-10-31 | 0 |
| 2021: MICHELIN RETIREMENT PLAN 2021 401k membership |
|---|
| Total participants, beginning-of-year | 2021-11-01 | 21,144 |
| Total number of active participants reported on line 7a of the Form 5500 | 2021-11-01 | 4,145 |
| Number of retired or separated participants receiving benefits | 2021-11-01 | 11,544 |
| Number of other retired or separated participants entitled to future benefits | 2021-11-01 | 1,588 |
| Total of all active and inactive participants | 2021-11-01 | 17,277 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2021-11-01 | 3,001 |
| Total participants | 2021-11-01 | 20,278 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2021-11-01 | 0 |
| Market value of plan assets | 2021-10-31 | 3,080,535,309 |
| Acturial value of plan assets | 2021-10-31 | 3,024,379,733 |
| Funding target for retired participants and beneficiaries receiving payment | 2021-10-31 | 1,826,545,953 |
| Number of terminated vested participants | 2021-10-31 | 1,679 |
| Fundng target for terminated vested participants | 2021-10-31 | 95,052,549 |
| Active participant vested funding target | 2021-10-31 | 540,130,778 |
| Number of active participants | 2021-10-31 | 5,162 |
| Total funding liabilities for active participants | 2021-10-31 | 572,616,582 |
| Total participant count | 2021-10-31 | 21,933 |
| Total funding target for all participants | 2021-10-31 | 2,494,215,084 |
| Balance at beginning of prior year after applicable adjustments | 2021-10-31 | 0 |
| Prefunding balance at beginning of prior year after applicable adjustments | 2021-10-31 | 367,471,735 |
| Carryover balanced portion elected for use to offset prior years funding requirement | 2021-10-31 | 0 |
| Prefunding balanced used to offset prior years funding requirement | 2021-10-31 | 18,751,646 |
| Amount remaining of carryover balance | 2021-10-31 | 0 |
| Amount remaining of prefunding balance | 2021-10-31 | 348,720,089 |
| Present value of excess contributions | 2021-10-31 | 1,508 |
| Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2021-10-31 | 1,620 |
| Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2021-10-31 | 0 |
| Reductions in caryover balances due to elections or deemed elections | 2021-10-31 | 0 |
| Reductions in prefunding balances due to elections or deemed elections | 2021-10-31 | 0 |
| Balance of carryovers at beginning of current year | 2021-10-31 | 0 |
| Balance of prefunding at beginning of current year | 2021-10-31 | 374,734,608 |
| Total employer contributions | 2021-10-31 | 0 |
| Total employee contributions | 2021-10-31 | 0 |
| Contributions allocated toward unpaid minimum require contributions from prior years | 2021-10-31 | 0 |
| Contributions made to avoid restrictions adjusted to valuation date | 2021-10-31 | 0 |
| Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2021-10-31 | 0 |
| Liquidity shortfalls end of Q1 | 2021-10-31 | 0 |
| Liquidity shortfalls end of Q2 | 2021-10-31 | 0 |
| Liquidity shortfalls end of Q3 | 2021-10-31 | 0 |
| Liquidity shortfalls end of Q4 | 2021-10-31 | 0 |
| Unpaid minimum required contributions for all prior years | 2021-10-31 | 0 |
| iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2021-10-31 | 0 |
| Remaining amount of unpaid minimum required contributions | 2021-10-31 | 0 |
| Minimum required contributions for current year target normal cost | 2021-10-31 | 5,091,055 |
| Net shortfall amortization installment of oustanding balance | 2021-10-31 | 0 |
| Waiver amortization installment | 2021-10-31 | 0 |
| Total funding amount beforereflecting carryover/prefunding balances | 2021-10-31 | 0 |
| Carryover balance elected to use to offset funding requirement | 2021-10-31 | 0 |
| Prefunding balance elected to use to offset funding requirement | 2021-10-31 | 0 |
| Additional cash requirement | 2021-10-31 | 0 |
| Contributions allocatedtoward minimum required contributions for current year | 2021-10-31 | 0 |
| Unpaid minimum required contributions for current year | 2021-10-31 | 0 |
| Unpaid minimum required contributions for all years | 2021-10-31 | 0 |
| 2020: MICHELIN RETIREMENT PLAN 2020 401k membership |
|---|
| Total participants, beginning-of-year | 2020-11-01 | 21,933 |
| Total number of active participants reported on line 7a of the Form 5500 | 2020-11-01 | 4,629 |
| Number of retired or separated participants receiving benefits | 2020-11-01 | 11,869 |
| Number of other retired or separated participants entitled to future benefits | 2020-11-01 | 1,625 |
| Total of all active and inactive participants | 2020-11-01 | 18,123 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2020-11-01 | 3,021 |
| Total participants | 2020-11-01 | 21,144 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2020-11-01 | 0 |
| Market value of plan assets | 2020-10-31 | 3,075,576,895 |
| Acturial value of plan assets | 2020-10-31 | 2,884,615,618 |
| Funding target for retired participants and beneficiaries receiving payment | 2020-10-31 | 1,894,055,564 |
| Number of terminated vested participants | 2020-10-31 | 1,718 |
| Fundng target for terminated vested participants | 2020-10-31 | 109,556,992 |
| Active participant vested funding target | 2020-10-31 | 660,499,997 |
| Number of active participants | 2020-10-31 | 5,699 |
| Total funding liabilities for active participants | 2020-10-31 | 695,841,129 |
| Total participant count | 2020-10-31 | 22,835 |
| Total funding target for all participants | 2020-10-31 | 2,699,453,685 |
| Balance at beginning of prior year after applicable adjustments | 2020-10-31 | 0 |
| Prefunding balance at beginning of prior year after applicable adjustments | 2020-10-31 | 331,893,281 |
| Carryover balanced portion elected for use to offset prior years funding requirement | 2020-10-31 | 0 |
| Prefunding balanced used to offset prior years funding requirement | 2020-10-31 | 22,573,639 |
| Amount remaining of carryover balance | 2020-10-31 | 0 |
| Amount remaining of prefunding balance | 2020-10-31 | 309,319,642 |
| Present value of excess contributions | 2020-10-31 | 0 |
| Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2020-10-31 | 0 |
| Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2020-10-31 | 0 |
| Reductions in caryover balances due to elections or deemed elections | 2020-10-31 | 0 |
| Reductions in prefunding balances due to elections or deemed elections | 2020-10-31 | 0 |
| Balance of carryovers at beginning of current year | 2020-10-31 | 0 |
| Balance of prefunding at beginning of current year | 2020-10-31 | 367,471,735 |
| Total employer contributions | 2020-10-31 | 1,600 |
| Total employee contributions | 2020-10-31 | 0 |
| Contributions allocated toward unpaid minimum require contributions from prior years | 2020-10-31 | 0 |
| Contributions made to avoid restrictions adjusted to valuation date | 2020-10-31 | 0 |
| Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2020-10-31 | 1,508 |
| Liquidity shortfalls end of Q1 | 2020-10-31 | 0 |
| Liquidity shortfalls end of Q2 | 2020-10-31 | 0 |
| Liquidity shortfalls end of Q3 | 2020-10-31 | 0 |
| Liquidity shortfalls end of Q4 | 2020-10-31 | 0 |
| Unpaid minimum required contributions for all prior years | 2020-10-31 | 0 |
| iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2020-10-31 | 0 |
| Remaining amount of unpaid minimum required contributions | 2020-10-31 | 0 |
| Minimum required contributions for current year target normal cost | 2020-10-31 | 3,300,318 |
| Net shortfall amortization installment of oustanding balance | 2020-10-31 | 182,309,732 |
| Waiver amortization installment | 2020-10-31 | 0 |
| Total funding amount beforereflecting carryover/prefunding balances | 2020-10-31 | 18,751,646 |
| Carryover balance elected to use to offset funding requirement | 2020-10-31 | 0 |
| Prefunding balance elected to use to offset funding requirement | 2020-10-31 | 18,751,646 |
| Additional cash requirement | 2020-10-31 | 0 |
| Contributions allocatedtoward minimum required contributions for current year | 2020-10-31 | 1,508 |
| Unpaid minimum required contributions for current year | 2020-10-31 | 0 |
| Unpaid minimum required contributions for all years | 2020-10-31 | 0 |
| 2019: MICHELIN RETIREMENT PLAN 2019 401k membership |
|---|
| Total participants, beginning-of-year | 2019-11-01 | 48 |
| Total number of active participants reported on line 7a of the Form 5500 | 2019-11-01 | 5,162 |
| Number of retired or separated participants receiving benefits | 2019-11-01 | 12,163 |
| Number of other retired or separated participants entitled to future benefits | 2019-11-01 | 1,655 |
| Total of all active and inactive participants | 2019-11-01 | 18,980 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2019-11-01 | 2,953 |
| Total participants | 2019-11-01 | 21,933 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2019-11-01 | 0 |
| Measure | Date | Value |
|---|
| 2022 : MICHELIN RETIREMENT PLAN 2022 401k financial data |
|---|
| Unrealized appreciation/depreciation of real estate assets | 2022-10-31 | $34,518,233 |
| Unrealized appreciation/depreciation of other (non real estate) assets | 2022-10-31 | $-261,882,936 |
| Total unrealized appreciation/depreciation of assets | 2022-10-31 | $-227,364,703 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-10-31 | $105,733,543 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-10-31 | $135,485,789 |
| Total income from all sources (including contributions) | 2022-10-31 | $-614,380,234 |
| Total loss/gain on sale of assets | 2022-10-31 | $-174,209,575 |
| Total of all expenses incurred | 2022-10-31 | $250,593,628 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-10-31 | $236,983,060 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-10-31 | $0 |
| Value of total assets at end of year | 2022-10-31 | $2,348,847,106 |
| Value of total assets at beginning of year | 2022-10-31 | $3,243,573,214 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-10-31 | $13,610,568 |
| Total income from rents | 2022-10-31 | $517,814 |
| Total interest from all sources | 2022-10-31 | $44,649,567 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-10-31 | $3,767,245 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-10-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2022-10-31 | $963,508 |
| Assets. Real estate other than employer real property at end of year | 2022-10-31 | $226,296,377 |
| Assets. Real estate other than employer real property at beginning of year | 2022-10-31 | $289,409,648 |
| Administrative expenses professional fees incurred | 2022-10-31 | $1,095,183 |
| Assets. Corporate prefeered stocks other than exployer securities at end of year | 2022-10-31 | $1,291,625 |
| Assets. Corporate prefeered stocks other than exployer securities at beginning of year | 2022-10-31 | $2,334,077 |
| Was this plan covered by a fidelity bond | 2022-10-31 | Yes |
| Value of fidelity bond cover | 2022-10-31 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2022-10-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2022-10-31 | No |
| Assets. Other investments not covered elsewhere at end of year | 2022-10-31 | $9,181,214 |
| Assets. Other investments not covered elsewhere at beginning of year | 2022-10-31 | $5,898,139 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2022-10-31 | $56,689,328 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2022-10-31 | $75,100,215 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2022-10-31 | $103,074,542 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2022-10-31 | $132,675,689 |
| Other income not declared elsewhere | 2022-10-31 | $13,209 |
| Administrative expenses (other) incurred | 2022-10-31 | $5,292,021 |
| Liabilities. Value of operating payables at end of year | 2022-10-31 | $2,659,001 |
| Liabilities. Value of operating payables at beginning of year | 2022-10-31 | $2,810,100 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-10-31 | No |
| Value of net income/loss | 2022-10-31 | $-864,973,862 |
| Value of net assets at end of year (total assets less liabilities) | 2022-10-31 | $2,243,113,563 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-10-31 | $3,108,087,425 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-10-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-10-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-10-31 | No |
| Assets. partnership/joint venture interests at end of year | 2022-10-31 | $47,167,580 |
| Assets. partnership/joint venture interests at beginning of year | 2022-10-31 | $66,327,482 |
| Investment advisory and management fees | 2022-10-31 | $6,442,343 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-10-31 | $135,363,440 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-10-31 | $271,217,406 |
| Interest earned on other investments | 2022-10-31 | $3,638,263 |
| Income. Interest from US Government securities | 2022-10-31 | $805,997 |
| Income. Interest from corporate debt instruments | 2022-10-31 | $40,191,771 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2022-10-31 | $35,574,833 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2022-10-31 | $63,338,145 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2022-10-31 | $63,338,145 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2022-10-31 | $13,536 |
| Assets. Value of investments in 103.12 investment entities at end of year | 2022-10-31 | $901,958,240 |
| Assets. Value of investments in 103.12 investment entities at beginning of year | 2022-10-31 | $990,274,539 |
| Asset value of US Government securities at end of year | 2022-10-31 | $139,997,628 |
| Asset value of US Government securities at beginning of year | 2022-10-31 | $207,657,979 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-10-31 | $-25,346,857 |
| Net gain/loss from 103.12 investment entities | 2022-10-31 | $-236,406,934 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-10-31 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2022-10-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2022-10-31 | No |
| Income. Dividends from preferred stock | 2022-10-31 | $59,932 |
| Income. Dividends from common stock | 2022-10-31 | $2,743,805 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-10-31 | $236,983,060 |
| Asset. Corporate debt instrument debt (other) at end of year | 2022-10-31 | $711,462,040 |
| Asset. Corporate debt instrument debt (other) at beginning of year | 2022-10-31 | $1,033,323,190 |
| Contract administrator fees | 2022-10-31 | $781,021 |
| Assets. Corporate common stocks other than exployer securities at end of year | 2022-10-31 | $83,864,801 |
| Assets. Corporate common stocks other than exployer securities at beginning of year | 2022-10-31 | $238,692,394 |
| Did the plan have assets held for investment | 2022-10-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-10-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-10-31 | No |
| Aggregate proceeds on sale of assets | 2022-10-31 | $3,049,209,568 |
| Aggregate carrying amount (costs) on sale of assets | 2022-10-31 | $3,223,419,143 |
| Opinion of an independent qualified public accountant for this plan | 2022-10-31 | Unqualified |
| Accountancy firm name | 2022-10-31 | PRICEWATERHOUSE COOPERS LLC |
| Accountancy firm EIN | 2022-10-31 | 980189320 |
| 2021 : MICHELIN RETIREMENT PLAN 2021 401k financial data |
|---|
| Unrealized appreciation/depreciation of real estate assets | 2021-10-31 | $46,358,173 |
| Unrealized appreciation/depreciation of other (non real estate) assets | 2021-10-31 | $-8,609,922,337 |
| Total unrealized appreciation/depreciation of assets | 2021-10-31 | $-8,563,564,164 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-10-31 | $135,485,789 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-10-31 | $171,033,758 |
| Total income from all sources (including contributions) | 2021-10-31 | $281,321,801 |
| Total loss/gain on sale of assets | 2021-10-31 | $8,728,804,558 |
| Total of all expenses incurred | 2021-10-31 | $253,769,698 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-10-31 | $241,004,735 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-10-31 | $0 |
| Value of total assets at end of year | 2021-10-31 | $3,243,573,214 |
| Value of total assets at beginning of year | 2021-10-31 | $3,251,569,080 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-10-31 | $12,764,963 |
| Total interest from all sources | 2021-10-31 | $45,121,973 |
| Total dividends received (eg from common stock, registered investment company shares) | 2021-10-31 | $7,478,724 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-10-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2021-10-31 | $1,555,139 |
| Assets. Real estate other than employer real property at end of year | 2021-10-31 | $289,409,648 |
| Assets. Real estate other than employer real property at beginning of year | 2021-10-31 | $264,601,964 |
| Administrative expenses professional fees incurred | 2021-10-31 | $1,038,374 |
| Assets. Corporate prefeered stocks other than exployer securities at end of year | 2021-10-31 | $2,334,077 |
| Assets. Corporate prefeered stocks other than exployer securities at beginning of year | 2021-10-31 | $2,133,109 |
| Was this plan covered by a fidelity bond | 2021-10-31 | Yes |
| Value of fidelity bond cover | 2021-10-31 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2021-10-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2021-10-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2021-10-31 | No |
| Assets. Other investments not covered elsewhere at end of year | 2021-10-31 | $5,898,139 |
| Assets. Other investments not covered elsewhere at beginning of year | 2021-10-31 | $8,910,359 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2021-10-31 | $75,100,215 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2021-10-31 | $94,902,231 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2021-10-31 | $132,675,689 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2021-10-31 | $167,921,805 |
| Other income not declared elsewhere | 2021-10-31 | $193,765 |
| Administrative expenses (other) incurred | 2021-10-31 | $2,698,662 |
| Liabilities. Value of operating payables at end of year | 2021-10-31 | $2,810,100 |
| Liabilities. Value of operating payables at beginning of year | 2021-10-31 | $3,111,953 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-10-31 | No |
| Value of net income/loss | 2021-10-31 | $27,552,103 |
| Value of net assets at end of year (total assets less liabilities) | 2021-10-31 | $3,108,087,425 |
| Value of net assets at beginning of year (total assets less liabilities) | 2021-10-31 | $3,080,535,322 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2021-10-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2021-10-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2021-10-31 | No |
| Assets. partnership/joint venture interests at end of year | 2021-10-31 | $66,327,482 |
| Assets. partnership/joint venture interests at beginning of year | 2021-10-31 | $56,194,476 |
| Investment advisory and management fees | 2021-10-31 | $8,154,548 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2021-10-31 | $271,217,406 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2021-10-31 | $252,463,018 |
| Interest earned on other investments | 2021-10-31 | $3,009,572 |
| Income. Interest from US Government securities | 2021-10-31 | $685,529 |
| Income. Interest from corporate debt instruments | 2021-10-31 | $40,909,806 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2021-10-31 | $63,338,145 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2021-10-31 | $30,454,983 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2021-10-31 | $30,454,983 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2021-10-31 | $517,066 |
| Assets. Value of investments in 103.12 investment entities at end of year | 2021-10-31 | $990,274,539 |
| Assets. Value of investments in 103.12 investment entities at beginning of year | 2021-10-31 | $970,324,998 |
| Asset value of US Government securities at end of year | 2021-10-31 | $207,657,979 |
| Asset value of US Government securities at beginning of year | 2021-10-31 | $205,078,588 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2021-10-31 | $50,467,318 |
| Net gain/loss from 103.12 investment entities | 2021-10-31 | $12,819,627 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2021-10-31 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2021-10-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2021-10-31 | No |
| Employer contributions (assets) at end of year | 2021-10-31 | $0 |
| Employer contributions (assets) at beginning of year | 2021-10-31 | $1,600 |
| Income. Dividends from preferred stock | 2021-10-31 | $90,741 |
| Income. Dividends from common stock | 2021-10-31 | $5,832,844 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-10-31 | $241,004,735 |
| Asset. Corporate debt instrument debt (other) at end of year | 2021-10-31 | $1,033,323,190 |
| Asset. Corporate debt instrument debt (other) at beginning of year | 2021-10-31 | $1,049,316,050 |
| Contract administrator fees | 2021-10-31 | $873,379 |
| Assets. Corporate common stocks other than exployer securities at end of year | 2021-10-31 | $238,692,394 |
| Assets. Corporate common stocks other than exployer securities at beginning of year | 2021-10-31 | $317,187,704 |
| Did the plan have assets held for investment | 2021-10-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-10-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2021-10-31 | No |
| Aggregate proceeds on sale of assets | 2021-10-31 | $2,980,797,895 |
| Aggregate carrying amount (costs) on sale of assets | 2021-10-31 | $-5,748,006,663 |
| Opinion of an independent qualified public accountant for this plan | 2021-10-31 | Disclaimer |
| Accountancy firm name | 2021-10-31 | PRICEWATERHOUSE COOPERS LLC |
| Accountancy firm EIN | 2021-10-31 | 980189320 |
| 2020 : MICHELIN RETIREMENT PLAN 2020 401k financial data |
|---|
| Unrealized appreciation/depreciation of real estate assets | 2020-10-31 | $-6,886,202 |
| Unrealized appreciation/depreciation of other (non real estate) assets | 2020-10-31 | $9,053,452,430 |
| Total unrealized appreciation/depreciation of assets | 2020-10-31 | $9,046,566,228 |
| Total transfer of assets to this plan | 2020-10-31 | $3,075,227,391 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-10-31 | $171,033,758 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-10-31 | $5,479 |
| Total income from all sources (including contributions) | 2020-10-31 | $229,423,634 |
| Total loss/gain on sale of assets | 2020-10-31 | $-8,994,881,530 |
| Total of all expenses incurred | 2020-10-31 | $224,462,720 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2020-10-31 | $214,442,031 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2020-10-31 | $1,600 |
| Value of total assets at end of year | 2020-10-31 | $3,251,569,080 |
| Value of total assets at beginning of year | 2020-10-31 | $352,496 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2020-10-31 | $10,020,689 |
| Total interest from all sources | 2020-10-31 | $42,373,951 |
| Total dividends received (eg from common stock, registered investment company shares) | 2020-10-31 | $7,762,377 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2020-10-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2020-10-31 | $882,582 |
| Assets. Real estate other than employer real property at end of year | 2020-10-31 | $264,601,964 |
| Assets. Real estate other than employer real property at beginning of year | 2020-10-31 | $0 |
| Administrative expenses professional fees incurred | 2020-10-31 | $1,185,577 |
| Assets. Corporate prefeered stocks other than exployer securities at end of year | 2020-10-31 | $2,133,109 |
| Assets. Corporate prefeered stocks other than exployer securities at beginning of year | 2020-10-31 | $0 |
| Was this plan covered by a fidelity bond | 2020-10-31 | Yes |
| Value of fidelity bond cover | 2020-10-31 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2020-10-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2020-10-31 | No |
| Assets. Other investments not covered elsewhere at end of year | 2020-10-31 | $8,910,359 |
| Assets. Other investments not covered elsewhere at beginning of year | 2020-10-31 | $0 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2020-10-31 | $94,902,231 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2020-10-31 | $516 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2020-10-31 | $167,921,805 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2020-10-31 | $0 |
| Other income not declared elsewhere | 2020-10-31 | $705,014 |
| Administrative expenses (other) incurred | 2020-10-31 | $1,170,945 |
| Liabilities. Value of operating payables at end of year | 2020-10-31 | $3,111,953 |
| Liabilities. Value of operating payables at beginning of year | 2020-10-31 | $5,479 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-10-31 | No |
| Value of net income/loss | 2020-10-31 | $4,960,914 |
| Value of net assets at end of year (total assets less liabilities) | 2020-10-31 | $3,080,535,322 |
| Value of net assets at beginning of year (total assets less liabilities) | 2020-10-31 | $347,017 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2020-10-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2020-10-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2020-10-31 | No |
| Assets. partnership/joint venture interests at end of year | 2020-10-31 | $56,194,476 |
| Assets. partnership/joint venture interests at beginning of year | 2020-10-31 | $0 |
| Investment advisory and management fees | 2020-10-31 | $6,845,149 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2020-10-31 | $252,463,018 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2020-10-31 | $0 |
| Interest earned on other investments | 2020-10-31 | $3,726,506 |
| Income. Interest from US Government securities | 2020-10-31 | $745,100 |
| Income. Interest from corporate debt instruments | 2020-10-31 | $37,971,637 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2020-10-31 | $30,454,983 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2020-10-31 | $351,980 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2020-10-31 | $351,980 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2020-10-31 | $-69,292 |
| Assets. Value of investments in 103.12 investment entities at end of year | 2020-10-31 | $970,324,998 |
| Assets. Value of investments in 103.12 investment entities at beginning of year | 2020-10-31 | $0 |
| Asset value of US Government securities at end of year | 2020-10-31 | $205,078,588 |
| Asset value of US Government securities at beginning of year | 2020-10-31 | $0 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2020-10-31 | $4,385,209 |
| Net gain/loss from 103.12 investment entities | 2020-10-31 | $122,510,785 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2020-10-31 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2020-10-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2020-10-31 | Yes |
| Contributions received in cash from employer | 2020-10-31 | $1,600 |
| Employer contributions (assets) at end of year | 2020-10-31 | $1,600 |
| Employer contributions (assets) at beginning of year | 2020-10-31 | $0 |
| Income. Dividends from preferred stock | 2020-10-31 | $67,860 |
| Income. Dividends from common stock | 2020-10-31 | $6,811,935 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2020-10-31 | $214,442,031 |
| Asset. Corporate debt instrument debt (other) at end of year | 2020-10-31 | $1,049,316,050 |
| Asset. Corporate debt instrument debt (other) at beginning of year | 2020-10-31 | $0 |
| Contract administrator fees | 2020-10-31 | $819,018 |
| Assets. Corporate common stocks other than exployer securities at end of year | 2020-10-31 | $317,187,704 |
| Assets. Corporate common stocks other than exployer securities at beginning of year | 2020-10-31 | $0 |
| Did the plan have assets held for investment | 2020-10-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-10-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2020-10-31 | No |
| Aggregate proceeds on sale of assets | 2020-10-31 | $3,409,156,484 |
| Aggregate carrying amount (costs) on sale of assets | 2020-10-31 | $12,404,038,014 |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2020-10-31 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2020-10-31 | Disclaimer |
| Accountancy firm name | 2020-10-31 | PRICEWATERHOUSE COOPERS LLC |
| Accountancy firm EIN | 2020-10-31 | 980189320 |
