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FIRST DATA CORPORATION RETIREMENT PLAN 401k Plan overview

Plan NameFIRST DATA CORPORATION RETIREMENT PLAN
Plan identification number 005

FIRST DATA CORPORATION RETIREMENT PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

FISERV SOLUTIONS, LLC has sponsored the creation of one or more 401k plans.

Company Name:FISERV SOLUTIONS, LLC
Employer identification number (EIN):391833695
NAIC Classification:541519
NAIC Description:Other Computer Related Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FIRST DATA CORPORATION RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0052021-12-31LORI KOCH2023-09-30 LORI KOCH2023-09-30
0052020-12-31LORI KOCH2022-10-04 LORI KOCH2022-10-04

Plan Statistics for FIRST DATA CORPORATION RETIREMENT PLAN

401k plan membership statisitcs for FIRST DATA CORPORATION RETIREMENT PLAN

Measure Date Value
2022: FIRST DATA CORPORATION RETIREMENT PLAN 2022 401k membership
Market value of plan assets2022-12-30183,266,294
Acturial value of plan assets2022-12-30183,266,294
Funding target for retired participants and beneficiaries receiving payment2022-12-3098,790,925
Number of terminated vested participants2022-12-301,041
Fundng target for terminated vested participants2022-12-3037,160,340
Active participant vested funding target2022-12-3014,047,421
Number of active participants2022-12-30464
Total funding liabilities for active participants2022-12-3014,229,092
Total participant count2022-12-304,432
Total funding target for all participants2022-12-30150,180,357
Balance at beginning of prior year after applicable adjustments2022-12-300
Prefunding balance at beginning of prior year after applicable adjustments2022-12-300
Carryover balanced portion elected for use to offset prior years funding requirement2022-12-300
Prefunding balanced used to offset prior years funding requirement2022-12-300
Amount remaining of carryover balance2022-12-300
Amount remaining of prefunding balance2022-12-300
Present value of excess contributions2022-12-300
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-300
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-300
Reductions in caryover balances due to elections or deemed elections2022-12-300
Reductions in prefunding balances due to elections or deemed elections2022-12-300
Balance of carryovers at beginning of current year2022-12-300
Balance of prefunding at beginning of current year2022-12-300
Total employer contributions2022-12-300
Total employee contributions2022-12-300
Contributions allocated toward unpaid minimum require contributions from prior years2022-12-300
Contributions made to avoid restrictions adjusted to valuation date2022-12-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-300
Unpaid minimum required contributions for all prior years2022-12-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-12-300
Remaining amount of unpaid minimum required contributions2022-12-300
Minimum required contributions for current year target normal cost2022-12-301,921,000
Net shortfall amortization installment of oustanding balance2022-12-300
Waiver amortization installment2022-12-300
Total funding amount beforereflecting carryover/prefunding balances2022-12-300
Carryover balance elected to use to offset funding requirement2022-12-300
Prefunding balance elected to use to offset funding requirement2022-12-300
Additional cash requirement2022-12-300
Contributions allocatedtoward minimum required contributions for current year2022-12-300
Unpaid minimum required contributions for current year2022-12-300
Unpaid minimum required contributions for all years2022-12-300
2021: FIRST DATA CORPORATION RETIREMENT PLAN 2021 401k membership
Total participants, beginning-of-year2021-12-314,404
Total number of active participants reported on line 7a of the Form 55002021-12-31410
Number of retired or separated participants receiving benefits2021-12-312,608
Number of other retired or separated participants entitled to future benefits2021-12-31942
Total of all active and inactive participants2021-12-313,960
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-12-31342
Total participants2021-12-314,302
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-12-310
Market value of plan assets2021-12-30181,247,078
Acturial value of plan assets2021-12-30181,247,078
Funding target for retired participants and beneficiaries receiving payment2021-12-30100,074,516
Number of terminated vested participants2021-12-301,122
Fundng target for terminated vested participants2021-12-3041,665,581
Active participant vested funding target2021-12-3015,065,535
Number of active participants2021-12-30514
Total funding liabilities for active participants2021-12-3015,339,534
Total participant count2021-12-304,517
Total funding target for all participants2021-12-30157,079,631
Balance at beginning of prior year after applicable adjustments2021-12-300
Prefunding balance at beginning of prior year after applicable adjustments2021-12-300
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-300
Prefunding balanced used to offset prior years funding requirement2021-12-300
Amount remaining of carryover balance2021-12-300
Amount remaining of prefunding balance2021-12-300
Present value of excess contributions2021-12-300
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-300
Reductions in caryover balances due to elections or deemed elections2021-12-300
Reductions in prefunding balances due to elections or deemed elections2021-12-300
Balance of carryovers at beginning of current year2021-12-300
Balance of prefunding at beginning of current year2021-12-300
Total employer contributions2021-12-300
Total employee contributions2021-12-300
Contributions allocated toward unpaid minimum require contributions from prior years2021-12-300
Contributions made to avoid restrictions adjusted to valuation date2021-12-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-300
Unpaid minimum required contributions for all prior years2021-12-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-12-300
Remaining amount of unpaid minimum required contributions2021-12-300
Minimum required contributions for current year target normal cost2021-12-301,807,000
Net shortfall amortization installment of oustanding balance2021-12-300
Waiver amortization installment2021-12-300
Total funding amount beforereflecting carryover/prefunding balances2021-12-300
Carryover balance elected to use to offset funding requirement2021-12-300
Prefunding balance elected to use to offset funding requirement2021-12-300
Additional cash requirement2021-12-300
Contributions allocatedtoward minimum required contributions for current year2021-12-300
Unpaid minimum required contributions for current year2021-12-300
Unpaid minimum required contributions for all years2021-12-300
2020: FIRST DATA CORPORATION RETIREMENT PLAN 2020 401k membership
Total participants, beginning-of-year2020-12-314,517
Total number of active participants reported on line 7a of the Form 55002020-12-31464
Number of retired or separated participants receiving benefits2020-12-312,565
Number of other retired or separated participants entitled to future benefits2020-12-311,017
Total of all active and inactive participants2020-12-314,046
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-12-31358
Total participants2020-12-314,404
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-12-310

Financial Data on FIRST DATA CORPORATION RETIREMENT PLAN

Measure Date Value
2022 : FIRST DATA CORPORATION RETIREMENT PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-30$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-30$157,795
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-30$212,950
Total income from all sources (including contributions)2022-12-30$-39,453,914
Total loss/gain on sale of assets2022-12-30$0
Total of all expenses incurred2022-12-30$13,676,124
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-30$11,851,594
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-30$0
Value of total assets at end of year2022-12-30$130,049,391
Value of total assets at beginning of year2022-12-30$183,234,584
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-30$1,824,530
Total interest from all sources2022-12-30$54,307
Total dividends received (eg from common stock, registered investment company shares)2022-12-30$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-30No
Administrative expenses professional fees incurred2022-12-30$319,139
Was this plan covered by a fidelity bond2022-12-30Yes
Value of fidelity bond cover2022-12-30$100,000,000
If this is an individual account plan, was there a blackout period2022-12-30No
Were there any nonexempt tranactions with any party-in-interest2022-12-30No
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-12-30$6,879
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-12-30$0
Administrative expenses (other) incurred2022-12-30$1,113,840
Liabilities. Value of operating payables at end of year2022-12-30$157,795
Liabilities. Value of operating payables at beginning of year2022-12-30$212,950
Total non interest bearing cash at end of year2022-12-30$9,339,947
Total non interest bearing cash at beginning of year2022-12-30$20,903,666
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-30No
Value of net income/loss2022-12-30$-53,130,038
Value of net assets at end of year (total assets less liabilities)2022-12-30$129,891,596
Value of net assets at beginning of year (total assets less liabilities)2022-12-30$183,021,634
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-30No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-30No
Were any leases to which the plan was party in default or uncollectible2022-12-30No
Investment advisory and management fees2022-12-30$67,840
Value of interest in common/collective trusts at end of year2022-12-30$117,920,394
Value of interest in common/collective trusts at beginning of year2022-12-30$158,281,688
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2022-12-30$3,106,378
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2022-12-30$3,256,416
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2022-12-30$3,256,416
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2022-12-30$54,307
Asset value of US Government securities at end of year2022-12-30$-324,207
Asset value of US Government securities at beginning of year2022-12-30$792,814
Net investment gain or loss from common/collective trusts2022-12-30$-39,508,221
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-30Yes
Was there a failure to transmit to the plan any participant contributions2022-12-30No
Has the plan failed to provide any benefit when due under the plan2022-12-30No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-30$11,851,594
Contract administrator fees2022-12-30$323,711
Did the plan have assets held for investment2022-12-30Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-30No
Opinion of an independent qualified public accountant for this plan2022-12-30Unqualified
Accountancy firm name2022-12-30DELOITTE & TOUCHE LLP
Accountancy firm EIN2022-12-30133891517
2021 : FIRST DATA CORPORATION RETIREMENT PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-30$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-30$212,950
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-30$142,921
Total income from all sources (including contributions)2021-12-30$13,885,229
Total loss/gain on sale of assets2021-12-30$0
Total of all expenses incurred2021-12-30$12,147,989
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-30$10,735,707
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-30$0
Value of total assets at end of year2021-12-30$183,234,584
Value of total assets at beginning of year2021-12-30$181,427,315
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-30$1,412,282
Total interest from all sources2021-12-30$985
Total dividends received (eg from common stock, registered investment company shares)2021-12-30$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-30No
Administrative expenses professional fees incurred2021-12-30$335,251
Was this plan covered by a fidelity bond2021-12-30Yes
Value of fidelity bond cover2021-12-30$100,000,000
If this is an individual account plan, was there a blackout period2021-12-30No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-30$0
Were there any nonexempt tranactions with any party-in-interest2021-12-30No
Value of other receiveables (less allowance for doubtful accounts) at end of year2021-12-30$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2021-12-30$211,947
Administrative expenses (other) incurred2021-12-30$790,352
Liabilities. Value of operating payables at end of year2021-12-30$212,950
Liabilities. Value of operating payables at beginning of year2021-12-30$142,921
Total non interest bearing cash at end of year2021-12-30$20,903,666
Total non interest bearing cash at beginning of year2021-12-30$5,205,000
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-30No
Value of net income/loss2021-12-30$1,737,240
Value of net assets at end of year (total assets less liabilities)2021-12-30$183,021,634
Value of net assets at beginning of year (total assets less liabilities)2021-12-30$181,284,394
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-30No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-30No
Were any leases to which the plan was party in default or uncollectible2021-12-30No
Value of interest in common/collective trusts at end of year2021-12-30$158,281,688
Value of interest in common/collective trusts at beginning of year2021-12-30$173,032,747
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2021-12-30$3,256,416
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2021-12-30$2,977,621
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2021-12-30$2,977,621
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2021-12-30$985
Asset value of US Government securities at end of year2021-12-30$792,814
Asset value of US Government securities at beginning of year2021-12-30$0
Net investment gain or loss from common/collective trusts2021-12-30$13,884,244
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-30Yes
Was there a failure to transmit to the plan any participant contributions2021-12-30No
Has the plan failed to provide any benefit when due under the plan2021-12-30No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-30$10,735,707
Contract administrator fees2021-12-30$286,679
Did the plan have assets held for investment2021-12-30Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-30No
Opinion of an independent qualified public accountant for this plan2021-12-30Unqualified
Accountancy firm name2021-12-30DELOITTE & TOUCHE LLP
Accountancy firm EIN2021-12-30133891517

Form 5500 Responses for FIRST DATA CORPORATION RETIREMENT PLAN

2021: FIRST DATA CORPORATION RETIREMENT PLAN 2021 form 5500 responses
2021-12-31Type of plan entitySingle employer plan
2021-12-31Submission has been amendedNo
2021-12-31This submission is the final filingNo
2021-12-31This return/report is a short plan year return/report (less than 12 months)No
2021-12-31Plan is a collectively bargained planNo
2021-12-31Plan funding arrangement – TrustYes
2021-12-31Plan benefit arrangement - TrustYes
2020: FIRST DATA CORPORATION RETIREMENT PLAN 2020 form 5500 responses
2020-12-31Type of plan entitySingle employer plan
2020-12-31Submission has been amendedNo
2020-12-31This submission is the final filingNo
2020-12-31This return/report is a short plan year return/report (less than 12 months)No
2020-12-31Plan is a collectively bargained planNo
2020-12-31Plan funding arrangement – TrustYes
2020-12-31Plan benefit arrangement - TrustYes

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