cila template 2015 first quarterlyreport...participant transfer activity transfers out transfers in...

QUARTERLY REPORTQUARTERLY REPORTFIRST QUARTER 2015

1

Table of Contents

Topic Section PagesTopic Section Pages

Plan Overview 1 3‐16Plan Overview 1 3 16

Administrative Overview 2 17‐27

Local Office Activity 3 28‐35

Appendix 4 36‐41

2

Plan Overview

3

Assets

$4 622 493 622

$4,725,877,857

$4,492,076,192$4,477,873,196

$4,622,493,622

2Q14 3Q14 4Q14 1Q15

Net Asset Change 2Q 2014 3Q 2014 4Q 2014 1Q 2015Beginning Balance $4,339,966,073 $4,492,076,192 $4,477,873,196 $4,622,493,622Deposits $86,095,654 $82,369,965 $77,665,191 $98,224,092Net Transfers ($46,283) $12,283 ($212,800) $205,800Fees ($701,032) ($811,258) ($600,681) ($714,047)Fees ($ , ) ($ , ) ($ , ) ($ , )Distributions ($69,071,979) ($65,752,330) ($60,400,297) ($72,485,646)Change in Value $135,832,759 ($30,021,655) $120,929,360 $77,983,837Interest/Dividends $1,000 $0 $7,239,653 $170,199Ending Balance $4,492,076,192 $4,477,873,196 $4,622,493,622 $4,725,877,857Outstanding Loans $177,125,939 $181,255,986 $182,022,498 $183,237,169Total Assets Including Loans Outstanding $4,669,202,131 $4,659,129,182 $4,804,516,120 $4,909,115,026

4

g g $ , , , $ , , , $ , , , $ , , ,

Total Assets in Ending Balance As Roth Balances $18,732,891 $20,721,955 $24,013,572 $27,434,994Net Asset Change

Quarter End Assets

$1,800,000,000.00

$600,000,000.00$800,000,000.00

$1,000,000,000.00$1,200,000,000.00$1,400,000,000.00$1,600,000,000.00

$0.00$200,000,000.00$400,000,000.00

Ultra A

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Total Assets =$ 4,725,877,857

D t il 37Details on page 37

5

Historical Assets

$5,000,000,000.00

$4,725,877,857

$3,500,000,000.00

$4,000,000,000.00

$4,500,000,000.00

$1,453,122,265$2,000,000,000.00

$2,500,000,000.00

$3,000,000,000.00

$500,000,000.00

$1,000,000,000.00

$1,500,000,000.00

$0.00

6

Quarter End Participants

11,932 12,147 12,344 12,050

28,677 28,610 28,562 29,003

2Q14 3Q14 4Q14 1Q15

Contributing Participants Non-Contributing Participants

2Q14 3Q14 4Q14 1Q15Contributing Participants 28,677 28,610 28,562 29,003Non-Contributing Participants 11,932 12,147 12,344 12,050Total Participants 40,609 40,757 40,906 41,053

New Participants Added 321 361 352 390

Average Roth Deferral $167 $164 $154 $173Average Pre-Tax Deferral $269 $267 $255 $287Average Bi-Weekly Deferral for the quarter $273 $271 $259 $292

7

Median Account Balance $49,858 $49,134 $50,424 $50,964Participants with a Roth account 2,885 3,139 3,400 3,695

Historical Participants

42,000

44,000

41,053

28,692

30,000

32,000

34,000

36,000

38,000

40,000

18 000

20,000

22,000

24,000

26,000

28,000

,

8,000

10,000

12,000

14,000

16,000

18,000

0

2,000

4,000

6,000

8

Net Cash Flow$3

,417

,397

$3,5

90,2

33

$6,2

08,2

97

$445

,596

$687

,879

6) 2)

$226

,708

,555

$14,

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571

) 0) 2)

$8,3

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($93

1,22

6

($34

7,60

($23

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4,82

4)

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131

($25

2,70

0

($3,

297,

65

$556

,353

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Net Cash Flow Detail can be found on page 39

9

Net Transfer Activity

Net Transfer Out Net Transfer In

($308,685)

($2,205,174)

($2,271,020)

$6,201,371

DCP Bond

FDIC - Insured Savings Account

Deferred Compensation Stable Value

Schwab Self -Directed

($234,351,463)

$226,887,385 $12,191,370

($4,678,594)

SSGA Russell Small Cap Index NL Series S

DCP Small Cap Fund

DCP Mid Cap Fund

DCP Large Cap Fund

($33,190)

$101,426

($2,157,213)

($921,953)

Conservative Prof ile Portfolio

Ultra Conservative Prof ile Portfolio

Fidelity Diversif ied International

DWS EAFE Equity Index

$334,693

($1,533,913)

$2,950,761

Ultra Aggressive Prof ile Portfolio

Aggressive Prof ile Portfolio

Moderate Prof ile Portfolio

10

Transfer Activity Detail can be found on page 38

Participant Transfer Activity

Transfers Out Transfers In

$6,393,080

$25,866,035

$45,475,383

$12,411,984

($6,701,765)

($28,071,210)

($47,746,403)

($6,210,613)

DCP Bond

FDIC - Insured Savings Account

Deferred Compensation Stable Value

Schwab Self -Directed

$15,771,214

$228,922,814

$20,710,816

$24,570,164

($250,122,677)

($2,035,429)

($8,519,446)

($29,248,758)

SSGA Russell Small Cap Index NL Series S

DCP Small Cap Fund

DCP Mid Cap Fund

DCP Large Cap Fund

$10,831,915

$8,227,872

$4,401,016

$1,922,008

($10,865,105)

($8,126,446)

($6,558,230)

($2,843,961)

Conservative Prof ile Portfolio

Ultra Conservative Prof ile Portfolio

Fidelity Diversif ied International

DWS EAFE Equity Index

$21,026,468

$13,022,275

$12,963,163

($20,691,775)

($14,556,189)

($10,012,402)

Ultra Aggressive Prof ile Portfolio

Aggressive Prof ile Portfolio

Moderate Prof ile Portfolio

11

Transfer Activity Detail can be found on page 38

Asset Allocation by Asset Class

$1,800,000,000

$1 200 000 000

$1,400,000,000

$1,600,000,000

$800,000,000

$1,000,000,000

$1,200,000,000

$200 000 000

$400,000,000

$600,000,000

Prof ile Portfolios International

Small Cap Blend Mid Cap Blend Large-Cap Bond

Stable Value Fund

Fixed Bank Fund Self -Directed

Total Assets $794,121,296 $217,493,752 $225,038,039 $230,689,252 $1,578,600,218 $165,385,247 $903,858,339 $290,958,424 $319,733,292Participants 28,196 11,992 9,616 7,084 21,055 8,071 12,979 9,088 5,025

$0

$200,000,000

Participants 28,196 11,992 9,616 7,084 21,055 8,071 12,979 9,088 5,025

12

Asset Allocation by Asset Class as Percentage of Total

Self-Directed, 7%

Profile Portfolios, 17%

International, 5%

Fixed Bank, 6%

Small Cap Blend, 5%

Mid Cap Blend, 5%Bond, 4%

Stable Value, 19%

Large-Cap, 33%

Profile Portfolios International

Small Cap Blend

Mid Cap Blend Large-Cap Bond Stable Value Fixed Bank Self-Directedg p

at 06/30/14 16.1% 5.1% 5.1% 4.1% 33.1% 3.5% 19.9% 6.5% 6.6%at 09/30/14 16.2% 4.8% 4.6% 4.2% 33.3% 3.6% 20.1% 6.5% 6.7%at 12/31/14 16.4% 4.5% 4.8% 4.5% 33.8% 3.5% 19.5% 6.4% 6.6%at 03/31/15 16.8% 4.6% 4.8% 4.9% 33.3% 3.5% 19.1% 6.2% 6.8%

13

Contribution Allocation by Asset Class

$18,000,000

$20,000,000

$12,000,000

$14,000,000

$16,000,000

$6,000,000

$8,000,000

$10,000,000

Profile Portfolios International

Small Cap Blend

Mid Cap Blend Large Cap Bond Stable Value

Fixed Bank Fund Self-Directed

$0

$2,000,000

$4,000,000

Portfolios Blend Blend FundTotal Contribution Dollars $18,923,180 $3,712,203 $3,737,095 $4,175,858 $18,321,187 $2,417,654 $7,660,774 $3,972,278 $2,093,551Total Participant Count 28,196 11,992 9,616 7,084 21,055 8,071 12,979 9,088 5,025Roth Contribution Dollars* $1,190,483 $186,055 $201,463 $269,991 $679,580 $109,937 $218,068 $125,322 $128,263 Roth Participant Count 3,758 1,108 900 992 1,557 565 765 423 281

14

*Roth Contribution Dollars are represented in dark green in the bar chart above.

Contribution Allocation by Asset Class by Pct of Total

Fi d B k 6%Self -Directed, 3%

Prof ile Portfolios, 30%

Bond, 4%

Stable Value, 12%

Fixed Bank, 6%

International, 6%

Small Cap Blend, 6%Large-Cap, 28% pMid Cap Blend, 7%

g p

Profile P f li I i l

Small Cap Bl d

Mid Cap Bl d L C B d S bl V l Fi d B k S lf Di dPortfolios International Blend Blend Large-Cap Bond Stable Value Fixed Bank Self-Directed

at 06/30/14 27.7% 6.3% 6.5% 5.6% 27.3% 3.8% 12.9% 6.6% 3.3%at 09/30/14 28.7% 6.2% 6.2% 5.8% 27.7% 3.7% 12.0% 6.5% 3.2%at 12/31/14 29.8% 6.0% 5.9% 5.8% 27.9% 3.7% 11.5% 6.2% 3.2%at 03/31/15 29.5% 5.7% 5.8% 6.5% 27.9% 3.7% 11.6% 6.0% 3.3%

15

Average Account Balance

$113 002

$115,116

$110,617

$109,867

$113,002

2Q14 3Q14 4Q14 1Q15

CATEGORY # Of Ppts Percent BALANCE Percent

Less Than $25 000 14 017 34 1% 139 491 694 3 0%Less Than $25,000 14,017 34.1% 139,491,694 3.0%$25,001-$50,000 6,345 15.5% 230,863,899 4.9%$50,001-$75,000 3,721 9.1% 230,127,947 4.9%

$75,001-$100,000 2,738 6.7% 237,540,929 5.0%$100,001-$125,000 2,078 5.1% 232,583,929 4.9%$125,001-$150,000 1,631 4.0% 224,146,082 4.7%$150,001-175,000 1,357 3.3% 220,157,099 4.7%

$175,001-$200,000 1,166 2.8% 218,418,014 4.6%$ , $ , , , ,$200,001-$300,000 3,442 8.4% 846,312,488 17.9%$300,001-$400,000 2,101 5.1% 725,009,111 15.3%$400,001-$500,000 1,153 2.8% 513,312,600 10.9%$500,001-$600,000 546 1.3% 296,998,348 6.3%$600,001-$700,000 303 0.7% 196,170,823 4.2%$700,001-$800,000 165 0.4% 123,169,608 2.6%$800,001-$900,000 113 0.3% 95,677,513 2.0%

16

$900,001-$1,000,000 69 0.2% 65,323,838 1.4%over $1,000,001 108 0.3% 130,573,934 2.8%

Total 41,053 100% $4,725,877,857 100%

Administrative Overview

17

Distributions by Dollar and Participant

$30,000,000

$35,000,000

$40,000,000

$45,000,000

$50,000,000 Dollar Amounts

Periodic Installments

Partial Withdrawals

$0

$5,000,000

$10,000,000

$15,000,000

$20,000,000

$25,000,000

$30,000,000

SEP SERVICE/ RETIREMENT

HARDSHIP PLAN TO PLAN TRANSFER

SERVICE CREDITS

MINIMUM DISTRIBUTIONS

DEATH OTHER

Full Withdrawals

1,000

1,500

2,000

2,500Participant Counts

Periodic Installments

Partial Withdrawals

Full Withdrawals

0

500

SEP SERVICE/ RETIREMENT

HARDSHIP PLAN TO PLAN TRANSFER

SERVICE CREDITS

MINIMUM DISTRIBUTIONS

DEATH OTHER

Full details regarding distributions (including loan information) are found on the next page.

LACERS TransfersTotal number of transfers: 18Total amount of transfers: $607,241.41

Participants over Age 60 8,816Distributions for this age bracket: 1 857

18

Distributions for this age bracket: 1,857Number that are loans 103

Number that are Service Credits 8

Distribution Detail

FULL DISTRIBUTIONS Distribution Amounts Percent Participant Count Percent Average WithdrawalTOTALS $16,094,015.85 100.0% 239 100.0% $67,338.98

CEDO/QDRO 334,762.75 2.1% 10 4.2% 33,476.28 / , ,DEATH 1,096,358.71 6.8% 19 7.9% 57,703.09 DEMINIMUS 0.00 0.0% 0 0.0% n/aHARDSHIP 0.00 0.0% 0 0.0% n/aPLAN TO PLAN TRANSFER 0.00 0.0% 0 0.0% n/aRETIREMENT 214,055.68 1.3% 26 10.9% 8,232.91 SEP SERVICE 14,448,838.71 89.8% 184 77.0% 78,526.30SEP SERVICE 14,448,838.71 89.8% 184 77.0% 78,526.30

PARTIAL DISTRIBUTIONSTOTALS $49,407,086.92 100.0% 2,337 100.0% $21,141.24

CEDO/QDRO 339,598.73 0.7% 15 0.6% 22,639.92 DEMINIMUS 0.00 0.0% 0 0.0% n/aDEATH 477,215.07 1.0% 20 0.9% 23,860.75 HARDSHIP 369 368 56 0 7% 59 2 5% 6 260 48HARDSHIP 369,368.56 0.7% 59 2.5% 6,260.48 LOAN 18,849,108.65 38.2% 1,360 58.2% 13,859.64 MINIMUM DISTRIBUTIONS 305,555.20 0.6% 41 1.8% 7,452.57 PLAN TO PLAN TRANSFER 0.00 0.0% 0 0.0% n/aRETIREMENT 1,609,654.14 3.3% 50 2.1% 32,193.08 SEP SERVICE 25,806,004.81 52.2% 614 26.3% 42,029.32 EXTERNAL TRANSFERS 190 758 73 0 4% 2 0 1% 95 379 37EXTERNAL TRANSFERS 190,758.73 0.4% 2 0.1% 95,379.37 SERVICE CREDITS 1,459,823.03 3.0% 176 7.5% 8,294.45

PERIODIC INSTALLMENTSTOTALS $6,984,542.83 100.0% 1,608 100.0% $4,343.62

CEDO/QDRO 16,287.75 0.2% 6 0.4% 2,714.63 DEATH 308,660.68 4.4% 67 4.2% 4,606.88 MINIMUM DISTRIBUTIONS 1,397,649.66 20.0% 393 24.4% 3,556.36 RETIREMENT 5,246,944.74 75.1% 1,141 71.0% 4,598.55 70 1/2 INSER 15,000.00 0.2% 1 0.1% 15,000.00

19

Rollovers Out & Into the Plan

30 072 879(18 837 446)

Rollovers Out Rollovers In

30,072,879 (18,837,446)

Calendar Year 2015

51,856,500 (72,190,821)

Calendar Year 2014

72,630,088 (75,910,421)

Calendar Year 2013

(100,000,000) (60,000,000) (20,000,000) 20,000,000 60,000,000 100,000,000

20

Rollovers to IRA Summary by Top Ten Providers by Dollars

$2,000,000.00

$2,500,000.00

$3,000,000.00

$16,000,000.00

$18,000,000.00

$20,000,000.00

$500,000.00

$1,000,000.00

$1,500,000.00

$10,000,000.00

$12,000,000.00

$14,000,000.00

$16,000,000.00

$‐

$4,000,000.00

$6,000,000.00

$8,000,000.00

$0.00

$2,000,000.00

TOP TEN ALL PROVIDERS

The top 10 providers represent 68% of total assets withdrawn and rolled to an IRA in 1Q 2015.

21

Loan Overview

12,953 12,964 13,429

12,000

14,000

16,000

6,454 6,408 6,954

4,000

6,000

8,000

10,000

958 940 1,011

0

2,000

,

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

One Outstanding Loan Two Outstanding Loans Defaulted Loans

Loan Balance Details for Active LoansTotal Balance of Outstanding Loans as of March 31, 2015: $183,237,169.12

Average Balance of Outstanding Loans as of March 31, 2015: $8,747.66Total Balance of Defaulted Loans as of March 31, 2015: $6,415,053.77

Loan Balance Details for Retiree LoansTotal number of retiree loans: 530

New number of retiree loans added during the quarter: 54Total number of converted loans: 315

New number of converted loans added during the quarter: 39 Loan Default Details for Quarter

22

Total number of loans defaulted during the quarter: 87Total dollar amount of defaulted loans during the quarter: $674,219.34

Historical data found on page 40.

Loan Highlight by Year

600

700Loan Initiations 2013 2014 2015

100

200

300

400

500

524

443

476

612

593

560

652

620

546

579

504 5

55

427 4

44

506

550

561 59

5

514

541

544 581

463 49

7

393

420

547

Average New Loan Initiations 2013: 5552014: 5192015 453

0JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

4

0 0 0 0 0 0 0 0 0

Outstanding Loans

10,000

15,000

20,000

25,000

88 23 8 3 5 8 0 5 81 8 7 2 97 3

Average Outstanding Loans 2013: 18,6612014: 19 576

0

5,000

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

18,1

8

18,7

2

18,0

08

18,0

63

18,0

85

18,6

48

18,8

5

19,0

16

18,6

79

19,1

8 5

19,1

60

19,3

2 8

18,9

71

19,4

48

19,5

47

19,0

51

19,1

5 2

19,3

25

19,3

10

19,3

84

19,4

64

20,3

74

20,4

10

20,4

7 9

19,4

07

19,3

72

20,3

8 3

0

2014: 19,5762015: 19,721

Historical data found on page 40.

23

Hardships

Pending Documentation, 7

Hardships Processed During Quarter Denial Reasons

Denied , 3 No Qualifying Event, 3

Approved, 72

Distribution Reasons

Loss of Income/ Injury, 1

Uninsured Medical Expenses, 5

Funeral Expenses, 0

Prevention of Eviction, 28

Prevention of Foreclosure

Loss of Income/ Illness, 9

Prevention of Foreclosure, 29

24

Keytalk® Statistics

2 000

1,70

8 1,73

7

1 200

1,400

1,600

1,800

2,00053

3

600

800

1,000

1,20017

95

2

122

0

200

400

Total Logins Keytalk: 11,266

25

Internet Statistics

40,000

35,3

55

20 000

25,000

30,000

35,000

12,7

65

5

10,1

14

835 4,89

4

,983

5 000

10,000

15,000

20,000

155 1, 1,

0

5,000

Total Logins Internet: 242,450Average Logins Internet Monthly: 80 817Average Logins Internet Monthly: 80,817Average Distinct Users Monthly: 11,785

26

Online Statement Delivery

Quarter Ending Online Statements Total Statements Percentage Utilization12/31/2011 2,369 40,348 5.87%3/31/2012 2,348 40,566 5.79%6/30/2012 2,918 40,582 7.19%9/30/2012 2 956 40 494 7 30%9/30/2012 2,956 40,494 7.30%

12/31/2012 3,003 40,392 7.43%3/31/2013 4,014 40,550 9.90%6/30/2013 4,088 40,604 10.07%9/30/2013 4,218 40,582 10.39%

12/31/2013 5,434 40,635 13.37%3/31/2014 6 318 40 734 15 51%3/31/2014 6,318 40,734 15.51%6/30/2014 7,508 40,609 18.49%9/30/2014 8,254 40,757 20.25%

12/31/2014 9,580 40,906 23.42%3/31/2015 10,508 41,061 25.59%

27

Local Office Activity

28

Total Participant Contact

• 1st Quarter3,5111st Quarter 2015

• Met with approximately 9,625 participants.

• Popular topics: Deferral Changes Purchase of Service

3,056 3,069

Changes, Purchase of Service Credits, Accrued Leaves, Catch‐Up Requests, Loan Requests, Distribution Requests, Retirement Calculator DROPMarch 2012 ‐March 2015 Retirement Calculator, DROP Rollovers, Asset Allocation, Website Assistance and Enrollments

3 000

3,500

4,000

4,500

5,000 March 2012 ‐March 2015

Participant contact is the total number of employees and participants that we have spoke with in person or over via phone at group meetings and individual counseling sessions.

1,000

1,500

2,000

2,500

3,000

meetings and individual counseling sessions.

29

‐

500

Mar‐12 Jun‐12 Sep‐12 Dec‐12 Mar‐13 Jun‐13 Sep‐13 Dec‐13 Mar‐14 Jun‐14 Sep‐14 Dec‐14 Mar‐15

Group Meetings / Facility Visits

• Topics24 21

31

1st Quarter 2015

• Increased visits LACERS Retirement Presentations, Parking Enforcement, Rec. & Parks Los Angeles World

21

Parks, Los Angeles World Airports (LAX)

• Continued Table Service at DWP, Harbor Department, FPPEN Retirement Presentations, and NEO’s at DWP and Police.

30

35

40 March 2012 ‐March 2015

The data presented includes tableservice, group meetings and retirement 10

15

20

25

presentations.

30

‐

5


Type of Meetings Year‐To‐Date

31

16

13

2

4

1

3

6

31

Benefits Fair DROP Enrollment Mid Career New Employee Orientation

Plan Update Retirement Table Service

Group Meetings by Department ‐ YTD

Row Labels Meetings Attendees Individual Sessions EnrollmentsDWP 22 739 341 89DWP 22 739 341 89Fire 3 25 21 1Fire/Police Pension 3 145 24LA Zoo 1 100 6 2LACERS 7 265 111 9LAPPL 2 76 76 8LAWA 11 109 94 25Lib 1 6 3 3Library 1 6 3 3Personnel 4 53 12Police 4 116 96 65Port of LA-Harbor 3 50 50 7Port of LA-Harbor 3 50 50 7Public Works 2 87 9 11Rec and Parks 1 11 5 1Transportation 12 233 133 52

32

pGrand Total 76 2,015 981 273

Attendees at Group Meetings

•DWP

• New Employee Orientations582 603

830 1st Quarter 2015

• New Employee Orientations at JFB and Sun Valley; and Retirement Presentations

•Fire/Police Pensions (FPPEN)

582 603

• Retirement Meetings and DROP Meetings

•Los Angeles World Airports (LAX)

• New Employee Orientations

•Transportation1,000 1,200

1,400 March 2012 ‐ 2015

• All Parking Enforcement locations

200

400

600

800

33

‐

200


Individual Counseling Sessions

Counseling Session Topics

• Accrued Leave Request739 714894

1st Quarter 2015

• Asset Allocation

• Beneficiary updates

• Catch‐up Contributions p

• Contribution Changes

• Distribution Requests

DROP R ll A i t• DROP Rollover Assistance

• Loans

• Purchase of Service Credits700 800 900

1,000 March 2012 ‐ 2015

• Retirement Calculator assistance

• Website login/PIN assistance200 300 400 500 600

Individual counseling sessions were conducted at City Hall, and other locations, including

Table Service.

34

‐100 00


Local Office Phone Calls

City Hall Service Center

• Averages 1,300 calls per 1,787 1st Quarter 2015

month

• Asset Allocation

• Catch‐Up Enrollments

1,735 1,752

• Distribution Requests

• Loan Requests

• Website Assistance with• Website Assistance with Login/PIN, Contribution changes

Glendale Office2,500 3,000

3,500 March 2012 ‐March 2015

• Local office in Glendale averages 400 calls per month

1,000

1,500

2,000

35

‐

500


Appendix

36

Asset Distributionat 06/30/14 at 09/30/14

Amount PCT Accounts Amount PCT Accounts Amount PCT Accounts Amount PCT AccountsProfile Portfolios Ultra Aggressive Profile Portfolio $82,140,389 1.83% 4,328 $81,271,757 1.81% 4,521 $86,415,376 1.87% 4,636 $92,863,126 1.96% 4,822Aggresive Profile Portfolio $240 610 628 5 36% 9 624 $240 213 144 5 36% 9 806 $251 404 698 5 44% 9 971 $262 320 161 5 55% 10 110

at 03/31/15Asset Class/Fund Name at 12/31/14

Aggresive Profile Portfolio $240,610,628 5.36% 9,624 $240,213,144 5.36% 9,806 $251,404,698 5.44% 9,971 $262,320,161 5.55% 10,110Moderate Profile Portfolio $256,741,482 5.72% 8,297 $258,950,787 5.78% 8,427 $276,182,234 5.97% 8,550 $288,931,840 6.11% 8,663Conservative Profile Portfolio $99,050,250 2.20% 3,168 $102,562,520 2.29% 3,231 $107,215,588 2.32% 3,264 $109,739,634 2.32% 3,291Ultra Conservative Profile Portfolio $39,512,805 0.88% 1,238 $40,455,644 0.90% 1,261 $39,066,063 0.85% 1,285 $40,266,535 0.85% 1,310Profile Portfolios $718,055,554 16.0% 26,655 $723,453,851 16.2% 27,246 $760,283,958 16.4% 27,706 $794,121,296 16.8% 28,196InternationalDWS EAFE Equity Index Fund $47,948,490 1.1% 3,309 $44,445,375 1.0% 3,323 $40,873,412 0.9% 3,260 $42,663,152 0.9% 3,260Fidelity Diversified International Fund $180,685,414 4.0% 8,956 $170,260,927 3.8% 8,911 $165,284,391 3.6% 8,811 $174,830,600 3.7% 8,732Fidelity Diversified International Fund $180,685,414 4.0% 8,956 $170,260,927 3.8% 8,911 $165,284,391 3.6% 8,811 $174,830,600 3.7% 8,732International $228,633,905 5.1% 12,265 $214,706,302 4.8% 12,234 $206,157,803 4.5% 12,071 $217,493,752 4.6% 11,992Small Cap BlendSSGA Russell Small Cap Index NL Series S $230,234,973 5.1% 9,836 $206,656,843 4.6% 9,793 $220,615,358 4.8% 9,693 $2,821 0.0% 0DCP Small Cap Fund $0 0.0% 0 $0 0.0% 0 $0 0.0% 0 $225,035,218 4.8% 9,616Small Cap Blend $230,234,973 5.1% 9,836 $206,656,843 4.6% 9,793 $220,615,358 4.8% 9,693 $225,038,039 4.8% 9,616Mid Cap BlendDCP Mid Cap Fund $185 345 171 4 1% 6 309 $187 833 654 4 2% 6 514 $207 307 213 4 5% 6 729 $230 689 252 4 9% 7 084DCP Mid Cap Fund $185,345,171 4.1% 6,309 $187,833,654 4.2% 6,514 $207,307,213 4.5% 6,729 $230,689,252 4.9% 7,084Mid Cap Blend $185,345,171 4.1% 6,309 $187,833,654 4.2% 6,514 $207,307,213 4.5% 6,729 $230,689,252 4.9% 7,084Large-CapDCP Large Cap Fund $1,482,953,986 33.0% 20,791 $1,494,419,815 33.4% 20,861 $1,565,484,655 33.9% 20,947 $1,578,600,218 33.4% 21,055Large-Cap $1,482,953,986 33.0% 20,791 $1,494,419,815 33.4% 20,861 $1,565,484,655 33.9% 20,947 $1,578,600,218 33.4% 21,055BondDCP Bond Fund $158,753,008 3.5% 8,176 $159,932,558 3.6% 8,122 $163,633,515 3.5% 8,100 $165,385,247 3.5% 8,071Bond $158 753 008 3 5% 8 176 $159 932 558 3 6% 8 122 $163 633 515 3 5% 8 100 $165 385 247 3 5% 8 071Bond $158,753,008 3.5% 8,176 $159,932,558 3.6% 8,122 $163,633,515 3.5% 8,100 $165,385,247 3.5% 8,071Stable Value FundDeferred Compensation Stable Value Fund $895,570,759 19.9% 13,096 $898,372,574 20.1% 13,032 $899,216,902 19.5% 13,024 $903,858,339 19.1% 12,979Stable Value Fund $895,570,759 19.9% 13,096 $898,372,574 20.1% 13,032 $899,216,902 19.5% 13,024 $903,858,339 19.1% 12,979Fixed Bank FundFDIC Insured Savings Option $293,991,376 6.5% 9,151 $293,026,703 6.5% 9,073 $294,343,201 6.4% 8,998 $290,958,424 6.2% 9,088Fixed Bank Fund $293,991,376 6.5% 9,151 $293,026,703 6.5% 9,073 $294,343,201 6.4% 8,998 $290,958,424 6.2% 9,088Self Directed

37

Self-DirectedSchwab Self-Directed $298,537,459 6.6% 4,674 $299,470,897 6.7% 4,777 $305,451,017 6.6% 4,857 $0 0.0% 5,025Self-Directed $298,537,459 6.6% 4,674 $299,470,897 6.7% 4,777 $305,451,017 6.6% 4,857 $319,733,292 6.8% 5,025Grand Total $4,492,076,191 100.0% 104,644 $4,477,873,196 100.0% 105,138 $4,622,493,622 100.0% 105,396 $4,725,877,857 100.0% 106,022

Net Transfer Detail

Fund Name ContributionsAdditional

Deposit Transfers

In DistributionsTransfers

OutEnding

Balance Net TransfersUltra Aggressive Profile Portfolio $3,941,929 $273,470 $21,026,468 ($1,132,696) ($20,691,775) $3,417,397 $334,693gg , , , , , ( , , ) ( , , ) , , ,Aggressive Profile Portfolio $8,335,932 $511,157 $13,022,275 ($3,722,942) ($14,556,189) $3,590,233 ($1,533,913)Moderate Profile Portfolio $5,545,589 $1,905,922 $12,963,163 ($4,193,974) ($10,012,402) $6,208,297 $2,950,761Conservative Profile Portfolio $1,712,964 $950,616 $10,831,915 ($2,184,795) ($10,865,105) $445,596 ($33,190)Ultra Conservative Profile Portfolio $577,249 $456,864 $8,227,872 ($447,660) ($8,126,446) $687,879 $101,426Fidelity Diversified International $3,026,418 $25,505 $4,401,016 ($1,825,935) ($6,558,230) ($931,226) ($2,157,213)DWS EAFE Equity Index $871,841 $65,228 $1,922,008 ($362,719) ($2,843,961) ($347,602) ($921,953)SSGA Russell Small Cap Index NL Series S $3,938,554 $82,182 $15,771,214 ($1,884,097) ($250,122,677) ($232,214,824) ($234,351,463)DCP Small Cap Fund $28,274 $606 $228,922,814 ($207,710) ($2,035,429) $226,708,555 $226,887,385DCP Mid Cap Fund $4,445,850 $298,507 $20,710,816 ($2,370,156) ($8,519,446) $14,565,571 $12,191,370DCP Large Cap Fund $19,000,767 $2,443,660 $24,570,164 ($18,291,964) ($29,248,758) ($1,526,131) ($4,678,594)DCP Bond $2,527,591 $276,536 $6,393,080 ($2,748,141) ($6,701,765) ($252,700) ($308,685)FDIC - Insured Savings Account $4,097,599 $1,708,925 $25,866,035 ($6,899,001) ($28,071,210) ($3,297,652) ($2,205,174)Deferred Compensation Stable Value $7,878,842 $21,073,701 $45,475,383 ($26,125,170) ($47,746,403) $556,353 ($2,271,020)Schwab Self-Directed $2,221,814 $0 $12,411,984 ($88,686) ($6,210,613) $8,334,499 $6,201,371

38

Net Cash Flow Detail

Fund Contributions Additional Deposit Transfers

In DistributionsTransfers

Out Net Cash Flow Net Transfers

Ult A i P fil P tf li $3 941 929 $273 470 $21 026 468 ($1 132 696) ($20 691 775) $3 417 397 $334 693Ultra Aggressive Profile Portfolio $3,941,929 $273,470 $21,026,468 ($1,132,696) ($20,691,775) $3,417,397 $334,693

Aggressive Profile Portfolio $8,335,932 $511,157 $13,022,275 ($3,722,942) ($14,556,189) $3,590,233 ($1,533,913)

Moderate Profile Portfolio $5,545,589 $1,905,922 $12,963,163 ($4,193,974) ($10,012,402) $6,208,297 $2,950,761

Conservative Profile Portfolio $1,712,964 $950,616 $10,831,915 ($2,184,795) ($10,865,105) $445,596 ($33,190)

Ultra Conservative Profile Portfolio $577,249 $456,864 $8,227,872 ($447,660) ($8,126,446) $687,879 $101,426

Fidelity Diversified International $3,026,418 $25,505 $4,401,016 ($1,825,935) ($6,558,230) ($931,226) ($2,157,213)

DWS EAFE Equity Index $871,841 $65,228 $1,922,008 ($362,719) ($2,843,961) ($347,602) ($921,953)

SSGA Russell Small Cap Index NL Series S $3,938,554 $82,182 $15,771,214 ($1,884,097) ($250,122,677) ($232,214,824) ($234,351,463)SSGA Russell Small Cap Index NL Series S $3,938,554 $82,182 $15,771,214 ($1,884,097) ($250,122,677) ($232,214,824) ($234,351,463)

DCP Small Cap Fund $28,274 $606 $228,922,814 ($207,710) ($2,035,429) $226,708,555 $226,887,385

DCP Mid Cap Fund $4,445,850 $298,507 $20,710,816 ($2,370,156) ($8,519,446) $14,565,571 $12,191,370

DCP Large Cap Fund $19,000,767 $2,443,660 $24,570,164 ($18,291,964) ($29,248,758) ($1,526,131) ($4,678,594)

DCP Bond Fund $2,527,591 $276,536 $6,393,080 ($2,748,141) ($6,701,765) ($252,700) ($308,685)

FDIC - Insured Savings Account $4,097,599 $1,708,925 $25,866,035 ($6,899,001) ($28,071,210) ($3,297,652) ($2,205,174)

Deferred Compensation Stable Value $7,878,842 $21,073,701 $45,475,383 ($26,125,170) ($47,746,403) $556,353 ($2,271,020)

Schwab Self-Directed $2,221,814 $0 $12,411,984 ($88,686) ($6,210,613) $8,334,499 $6,201,371

39

Loan DetailsYear JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC TOTAL YTD2011 387 415 501 438 510 508 484 557 459 465 484 487 5,6952012 395 386 495 501 496 488 549 575 520 516 572 501 5,9942013 524 443 476 612 593 560 652 620 546 579 504 555 6,6642014 427 444 506 550 561 595 514 541 544 581 463 497 6,223

LOANS INITIATED

2015 393 420 547 1,360

Year JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC2011 9,783 9,885 9,957 9,871 9,697 10,027 10,197 10,298 10,372 10,291 10,236 10,4072012 10,832 11,839 11,709 11,169 11,171 11,283 11,246 11,351 11,454 11,558 11,732 11,8252013 11 952 11 732 11 757 12 020 11 727 12 241 12 730 12 589 12 231 12 453 12 272 12 440

PARTICIPANTS WITH ONE OUTSTANDING LOAN

2013 11,952 11,732 11,757 12,020 11,727 12,241 12,730 12,589 12,231 12,453 12,272 12,4402014 12,631 12,696 12,826 12,820 12,798 12,651 12,619 12,646 12,730 12,939 12,739 12,7622015 12,953 12,964 13,429

Year JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC2011 4,020 4,116 4,193 4,326 4,378 4,506 4,706 4,914 4,973 5,249 5,360 5,4382012 5,116 4,980 5,264 5,276 5,394 5,372 5,477 5,587 5,668 5,701 6,092 6,127

PARTICIPANTS WITH MORE THAN ONE OUTSTANDING LOAN

2013 6,236 6,991 6,251 6,043 6,358 6,407 6,120 6,427 6,448 6,732 6,888 6,8882014 6,340 6,752 6,721 6,231 6,354 6,674 6,691 6,738 6,734 7,435 7,671 7,7172015 6,454 6,408 6,954

Year JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC2011 13,803 14,001 14,150 14,197 14,075 14,533 14,903 15,212 15,345 15,540 15,596 15,8452012 15 948 16 819 16 973 16 445 16 565 16 655 16 723 16 938 17 122 17 259 17 824 17 952

TOTAL OUTSTANDING LOANS

2012 15,948 16,819 16,973 16,445 16,565 16,655 16,723 16,938 17,122 17,259 17,824 17,9522013 18,188 18,723 18,008 18,063 18,085 18,648 18,850 19,016 18,679 19,185 19,160 19,3282014 18,971 19,448 19,547 19,051 19,152 19,325 19,310 19,384 19,464 20,374 20,410 20,4792015 19,407 19,372 20,383

Year JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC2011 596 586 639 620 615 639 630 618 664 664 744 731

LOANS IN DEFAULTED STATUS

2012 690 751 732 719 709 752 736 718 806 806 783 8132013 842 773 765 798 771 842 807 797 850 824 805 8862014 866 847 951 934 888 930 895 875 953 922 907 9832015 958 940 1,011

40

The End

DirectorLisa Tilley

CastJ W kiJoan Watkins

La Tanya Harris

ProducerMonise Lane

41

cila template 2015 first quarterlyreport...participant transfer activity transfers out transfers in...

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