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TIME INC. SAVINGS PLAN 401k Plan overview

Plan NameTIME INC. SAVINGS PLAN
Plan identification number 001

TIME INC. SAVINGS PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • 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.
  • 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.
  • 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 contribtions 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

TIME INC. has sponsored the creation of one or more 401k plans.

Company Name:TIME INC.
Employer identification number (EIN):133486363
NAIC Classification:511120
NAIC Description:Periodical Publishers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan TIME INC. SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012018-01-01
0012018-01-01
0012018-01-01
0012017-01-01TIM O'NEIL
0012016-01-01MICAH DOWLING
0012015-01-01MICAH DOWLING
0012014-01-01MICAH DOWLING

Plan Statistics for TIME INC. SAVINGS PLAN

401k plan membership statisitcs for TIME INC. SAVINGS PLAN

Measure Date Value
2018: TIME INC. SAVINGS PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-016,681
Total number of active participants reported on line 7a of the Form 55002018-01-010
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-010
Total of all active and inactive participants2018-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-010
Number of participants with account balances2018-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-0149
2017: TIME INC. SAVINGS PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-016,631
Total number of active participants reported on line 7a of the Form 55002017-01-014,043
Number of retired or separated participants receiving benefits2017-01-019
Number of other retired or separated participants entitled to future benefits2017-01-012,628
Total of all active and inactive participants2017-01-016,680
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-011
Total participants2017-01-016,681
Number of participants with account balances2017-01-016,462
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-01436
2016: TIME INC. SAVINGS PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-016,269
Total number of active participants reported on line 7a of the Form 55002016-01-014,619
Number of retired or separated participants receiving benefits2016-01-017
Number of other retired or separated participants entitled to future benefits2016-01-012,004
Total of all active and inactive participants2016-01-016,630
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-011
Total participants2016-01-016,631
Number of participants with account balances2016-01-016,435
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-01467
2015: TIME INC. SAVINGS PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-015,871
Total number of active participants reported on line 7a of the Form 55002015-01-014,932
Number of retired or separated participants receiving benefits2015-01-013
Number of other retired or separated participants entitled to future benefits2015-01-011,331
Total of all active and inactive participants2015-01-016,266
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-013
Total participants2015-01-016,269
Number of participants with account balances2015-01-015,958
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-01287
2014: TIME INC. SAVINGS PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-015,333
Total number of active participants reported on line 7a of the Form 55002014-01-014,876
Number of retired or separated participants receiving benefits2014-01-013
Number of other retired or separated participants entitled to future benefits2014-01-01990
Total of all active and inactive participants2014-01-015,869
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-012
Total participants2014-01-015,871
Number of participants with account balances2014-01-015,632
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-01370

Financial Data on TIME INC. SAVINGS PLAN

Measure Date Value
2018 : TIME INC. SAVINGS PLAN 2018 401k financial data
Total unrealized appreciation/depreciation of assets2018-12-31$0
Total transfer of assets from this plan2018-12-31$524,297,249
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$316,952
Total income from all sources (including contributions)2018-12-31$11,130,773
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$329,200,508
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$328,412,500
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$48,811,059
Value of total assets at end of year2018-12-31$0
Value of total assets at beginning of year2018-12-31$842,683,936
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$788,008
Total interest from all sources2018-12-31$475,356
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$6,357,173
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2018-12-31$6,357,173
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$25,000,000
If this is an individual account plan, was there a blackout period2018-12-31Yes
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$29,410,285
Participant contributions at beginning of year2018-12-31$9,360,842
Participant contributions at beginning of year2018-12-31$865,318
Assets. Other investments not covered elsewhere at beginning of year2018-12-31$46,444,079
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$2,580,170
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2018-12-31$16,405
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2018-12-31$0
Liabilities. Value of operating payables at beginning of year2018-12-31$5,572
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-318,069,735
Value of net assets at end of year (total assets less liabilities)2018-12-31$0
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$842,366,984
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Investment advisory and management fees2018-12-31$788,008
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$74,035,460
Income. Interest from loans (other than to participants)2018-12-31$395,731
Value of interest in common/collective trusts at beginning of year2018-12-31$709,886,139
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2018-12-31$79,625
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-12,272,843
Net investment gain or loss from common/collective trusts2018-12-31$-32,239,972
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$16,820,604
Employer contributions (assets) at beginning of year2018-12-31$2,075,693
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$328,412,500
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32018-12-31Yes
Liabilities. Value of benefit claims payable at beginning of year2018-12-31$311,380
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31ERNST & YOUNG LLP
Accountancy firm EIN2018-12-31346565596
2017 : TIME INC. SAVINGS PLAN 2017 401k financial data
Total unrealized appreciation/depreciation of assets2017-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$316,952
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$525,629
Total income from all sources (including contributions)2017-12-31$187,960,156
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$104,903,070
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$104,447,930
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$59,767,729
Value of total assets at end of year2017-12-31$842,683,936
Value of total assets at beginning of year2017-12-31$759,835,527
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$455,140
Total interest from all sources2017-12-31$453,058
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$6,232,257
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2017-12-31$6,232,257
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$25,000,000
If this is an individual account plan, was there a blackout period2017-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$35,142,436
Participant contributions at end of year2017-12-31$9,360,842
Participant contributions at beginning of year2017-12-31$10,067,995
Participant contributions at end of year2017-12-31$865,318
Participant contributions at beginning of year2017-12-31$1,208,133
Assets. Other investments not covered elsewhere at end of year2017-12-31$46,444,079
Assets. Other investments not covered elsewhere at beginning of year2017-12-31$46,542,558
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$3,902,131
Value of other receiveables (less allowance for doubtful accounts) at end of year2017-12-31$16,405
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2017-12-31$12,596
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2017-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2017-12-31$3,130
Administrative expenses (other) incurred2017-12-31$455,140
Liabilities. Value of operating payables at end of year2017-12-31$5,572
Liabilities. Value of operating payables at beginning of year2017-12-31$5,570
Total non interest bearing cash at end of year2017-12-31$0
Total non interest bearing cash at beginning of year2017-12-31$16,655
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$83,057,086
Value of net assets at end of year (total assets less liabilities)2017-12-31$842,366,984
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$759,309,898
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$74,035,460
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$55,943,242
Interest on participant loans2017-12-31$421,569
Value of interest in common/collective trusts at end of year2017-12-31$709,886,139
Value of interest in common/collective trusts at beginning of year2017-12-31$643,828,241
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2017-12-31$31,489
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$13,252,203
Net investment gain or loss from common/collective trusts2017-12-31$108,254,909
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$20,723,162
Employer contributions (assets) at end of year2017-12-31$2,075,693
Employer contributions (assets) at beginning of year2017-12-31$2,216,107
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$104,447,930
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32017-12-31Yes
Liabilities. Value of benefit claims payable at end of year2017-12-31$311,380
Liabilities. Value of benefit claims payable at beginning of year2017-12-31$516,929
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31ERNST & YOUNG LLP
Accountancy firm EIN2017-12-31346565596
2016 : TIME INC. SAVINGS PLAN 2016 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2016-12-31$51,618,322
Total unrealized appreciation/depreciation of assets2016-12-31$51,618,322
Total transfer of assets to this plan2016-12-31$1,075,601
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$525,629
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$415,020
Total income from all sources (including contributions)2016-12-31$122,145,296
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$84,342,416
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$83,717,825
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$66,255,421
Value of total assets at end of year2016-12-31$759,835,527
Value of total assets at beginning of year2016-12-31$720,846,437
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$624,591
Total interest from all sources2016-12-31$429,941
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$3,835,370
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2016-12-31$3,835,370
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$25,000,000
If this is an individual account plan, was there a blackout period2016-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$38,038,326
Participant contributions at end of year2016-12-31$10,067,995
Participant contributions at beginning of year2016-12-31$10,434,570
Participant contributions at end of year2016-12-31$1,208,133
Participant contributions at beginning of year2016-12-31$933,402
Assets. Other investments not covered elsewhere at end of year2016-12-31$46,542,558
Assets. Other investments not covered elsewhere at beginning of year2016-12-31$48,343,914
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$5,833,653
Value of other receiveables (less allowance for doubtful accounts) at end of year2016-12-31$12,596
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2016-12-31$422,919
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2016-12-31$3,130
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2016-12-31$361,674
Other income not declared elsewhere2016-12-31$6,242
Administrative expenses (other) incurred2016-12-31$624,591
Liabilities. Value of operating payables at end of year2016-12-31$5,570
Liabilities. Value of operating payables at beginning of year2016-12-31$53,346
Total non interest bearing cash at end of year2016-12-31$16,655
Total non interest bearing cash at beginning of year2016-12-31$1,237
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$37,802,880
Value of net assets at end of year (total assets less liabilities)2016-12-31$759,309,898
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$720,431,417
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$55,943,242
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$37,341,992
Interest on participant loans2016-12-31$429,941
Value of interest in common/collective trusts at end of year2016-12-31$643,828,241
Value of interest in common/collective trusts at beginning of year2016-12-31$606,588,349
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2016-12-31$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2016-12-31$740,677
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2016-12-31$740,677
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Contributions received in cash from employer2016-12-31$22,383,442
Employer contributions (assets) at end of year2016-12-31$2,216,107
Employer contributions (assets) at beginning of year2016-12-31$2,214,613
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$83,717,825
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32016-12-31Yes
Assets. Corporate common stocks other than exployer securities at end of year2016-12-31$0
Assets. Corporate common stocks other than exployer securities at beginning of year2016-12-31$13,824,764
Liabilities. Value of benefit claims payable at end of year2016-12-31$516,929
Liabilities. Value of benefit claims payable at beginning of year2016-12-31$0
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31ERNST & YOUNG LLP
Accountancy firm EIN2016-12-31346565596
2015 : TIME INC. SAVINGS PLAN 2015 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2015-12-31$221,574
Total unrealized appreciation/depreciation of assets2015-12-31$221,574
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$415,020
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$1,755,522
Total income from all sources (including contributions)2015-12-31$59,766,246
Total loss/gain on sale of assets2015-12-31$-2,227,836
Total of all expenses incurred2015-12-31$107,939,504
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$106,966,041
Expenses. Certain deemed distributions of participant loans2015-12-31$136,887
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$65,752,849
Value of total assets at end of year2015-12-31$720,846,437
Value of total assets at beginning of year2015-12-31$770,360,197
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$836,576
Total interest from all sources2015-12-31$443,246
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$7,196,373
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2015-12-31$6,703,402
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$25,000,000
If this is an individual account plan, was there a blackout period2015-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$37,741,681
Participant contributions at end of year2015-12-31$10,434,570
Participant contributions at beginning of year2015-12-31$11,335,694
Participant contributions at end of year2015-12-31$933,402
Participant contributions at beginning of year2015-12-31$619,577
Assets. Other investments not covered elsewhere at end of year2015-12-31$48,343,914
Assets. Other investments not covered elsewhere at beginning of year2015-12-31$54,532,446
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$4,955,201
Value of other receiveables (less allowance for doubtful accounts) at end of year2015-12-31$422,919
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2015-12-31$1,262,000
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2015-12-31$361,674
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2015-12-31$825,682
Administrative expenses (other) incurred2015-12-31$389,584
Liabilities. Value of operating payables at end of year2015-12-31$53,346
Liabilities. Value of operating payables at beginning of year2015-12-31$0
Total non interest bearing cash at end of year2015-12-31$1,237
Total non interest bearing cash at beginning of year2015-12-31$89,360
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$-48,173,258
Value of net assets at end of year (total assets less liabilities)2015-12-31$720,431,417
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$768,604,675
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Investment advisory and management fees2015-12-31$446,992
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$37,341,992
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$251,323,434
Interest on participant loans2015-12-31$441,882
Value of interest in common/collective trusts at end of year2015-12-31$606,588,349
Value of interest in common/collective trusts at beginning of year2015-12-31$356,471,357
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2015-12-31$740,677
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2015-12-31$2,152,999
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2015-12-31$2,152,999
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2015-12-31$1,364
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-14,415,614
Net investment gain or loss from common/collective trusts2015-12-31$2,795,654
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Contributions received in cash from employer2015-12-31$23,055,967
Employer contributions (assets) at end of year2015-12-31$2,214,613
Employer contributions (assets) at beginning of year2015-12-31$2,150,768
Income. Dividends from common stock2015-12-31$492,971
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$106,966,041
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32015-12-31Yes
Assets. Corporate common stocks other than exployer securities at end of year2015-12-31$13,824,764
Assets. Corporate common stocks other than exployer securities at beginning of year2015-12-31$90,422,562
Liabilities. Value of benefit claims payable at end of year2015-12-31$0
Liabilities. Value of benefit claims payable at beginning of year2015-12-31$929,840
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Aggregate proceeds on sale of assets2015-12-31$147,613,098
Aggregate carrying amount (costs) on sale of assets2015-12-31$149,840,934
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31ERNST & YOUNG LLP
Accountancy firm EIN2015-12-31346565596
2014 : TIME INC. SAVINGS PLAN 2014 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2014-12-31$4,521,034
Total unrealized appreciation/depreciation of assets2014-12-31$4,521,034
Total transfer of assets to this plan2014-12-31$768,222,504
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$1,755,522
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total income from all sources (including contributions)2014-12-31$126,770,413
Total loss/gain on sale of assets2014-12-31$9,104,630
Total of all expenses incurred2014-12-31$126,388,242
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$124,812,260
Expenses. Certain deemed distributions of participant loans2014-12-31$280,103
Value of total corrective distributions2014-12-31$2,948
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$71,414,672
Value of total assets at end of year2014-12-31$770,360,197
Value of total assets at beginning of year2014-12-31$0
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$1,292,931
Total interest from all sources2014-12-31$506,012
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$14,091,939
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2014-12-31$12,653,455
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$25,000,000
If this is an individual account plan, was there a blackout period2014-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Contributions received from participants2014-12-31$40,970,976
Participant contributions at end of year2014-12-31$11,335,694
Participant contributions at beginning of year2014-12-31$0
Participant contributions at end of year2014-12-31$619,577
Participant contributions at beginning of year2014-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2014-12-31$5,095,854
Value of other receiveables (less allowance for doubtful accounts) at end of year2014-12-31$1,262,000
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2014-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2014-12-31$825,682
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2014-12-31$0
Other income not declared elsewhere2014-12-31$611,789
Administrative expenses (other) incurred2014-12-31$517,585
Total non interest bearing cash at end of year2014-12-31$89,360
Total non interest bearing cash at beginning of year2014-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$382,171
Value of net assets at end of year (total assets less liabilities)2014-12-31$768,604,675
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Investment advisory and management fees2014-12-31$775,346
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$305,855,880
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$0
Interest on participant loans2014-12-31$498,244
Income. Interest from US Government securities2014-12-31$82
Value of interest in common/collective trusts at end of year2014-12-31$356,471,357
Value of interest in common/collective trusts at beginning of year2014-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2014-12-31$2,152,999
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2014-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2014-12-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2014-12-31$7,686
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$2,869,140
Net investment gain or loss from common/collective trusts2014-12-31$23,651,197
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
Was there a failure to transmit to the plan any participant contributions2014-12-31Yes
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Contributions received in cash from employer2014-12-31$25,347,842
Employer contributions (assets) at end of year2014-12-31$2,150,768
Employer contributions (assets) at beginning of year2014-12-31$0
Income. Dividends from common stock2014-12-31$1,438,484
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$124,812,260
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32014-12-31Yes
Assets. Corporate common stocks other than exployer securities at end of year2014-12-31$90,422,562
Assets. Corporate common stocks other than exployer securities at beginning of year2014-12-31$0
Liabilities. Value of benefit claims payable at end of year2014-12-31$929,840
Liabilities. Value of benefit claims payable at beginning of year2014-12-31$0
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Aggregate proceeds on sale of assets2014-12-31$152,514,461
Aggregate carrying amount (costs) on sale of assets2014-12-31$143,409,831
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31No
Opinion of an independent qualified public accountant for this plan2014-12-31Unqualified
Accountancy firm name2014-12-31ERNST & YOUNG LLP
Accountancy firm EIN2014-12-31346565596

Form 5500 Responses for TIME INC. SAVINGS PLAN

2018: TIME INC. SAVINGS PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedYes
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: TIME INC. SAVINGS PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: TIME INC. SAVINGS PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: TIME INC. SAVINGS PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: TIME INC. SAVINGS PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01First time form 5500 has been submittedYes
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes

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