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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 11-K

 

(Mark One)

 

x

 

ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

 

 

 

 

For the fiscal year ended December 31, 2014

 

OR

 

o

 

TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

 

 

 

 

For the transition period from                    to                    

 

Commission file number 1-33447

 

A.            Full title of the plan and the address of the plan, if different from that of the issuer named below:

 

AECOM TECHNOLOGY CORPORATION

RETIREMENT & SAVINGS PLAN

 

B.            Name of issuer of the securities held pursuant to the plan and the address to its principal executive office:

 

AECOM

1999 Avenue of the Stars

Los Angeles, California 90067

 

 

 



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SIGNATURE

 

The Plan.  Pursuant to the requirements of the Securities Exchange Act of 1934, the Trustees (or other persons who administer the employee benefit plan) have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

AECOM TECHNOLOGY CORPORATION

 

RETIREMENT & SAVINGS PLAN

 

 

 

 

 

 

Dated:  June 29, 2015

By:

/s/ Bernie Knobbe

 

 

Bernie Knobbe

 

 

Vice President, Global Benefits

 

 

Americas Retirement Plans

Investment Committee

 

 

AECOM

 



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AECOM Technology Corporation

Retirement & Savings Plan

 

Financial Statements as of

December 31, 2014 and 2013

and for the Year Ended December 31, 2014,

Supplemental Schedule as of December 31, 2014 and

Report of Independent Registered Public Accounting Firm

 



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AECOM TECHNOLOGY CORPORATION

RETIREMENT & SAVINGS PLAN

 

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Page

 

 

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

1

 

 

FINANCIAL STATEMENTS:

 

 

 

Statements of Net Assets Available for Benefits as of December 31, 2014 and 2013

2

 

 

Statement of Changes in Net Assets Available for Benefits for the Year Ended December 31, 2014

3

 

 

Notes to Financial Statements

4

 

 

SUPPLEMENTAL SCHEDULE:

 

 

 

Schedule H, Part IV, Line 4i, Schedule of Assets (Held at End of Year) as of December 31, 2014

15

 



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Report of Independent Registered Public Accounting Firm

 

To the Americas Retirement Plans Investment Committee

AECOM Technology Corporation Retirement & Savings Plan

 

We have audited the accompanying statements of net assets available for benefits of the AECOM Technology Corporation Retirement & Savings Plan (the Plan) as of December 31, 2014 and 2013, and the related statement of changes in net assets available for benefits for the year ended December 31, 2014. These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on these financial statements based on our audits.

 

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation.  We believe that our audits provide a reasonable basis for our opinion.

 

In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2014 and 2013, and the changes in net assets available for benefits for the year ended December 31, 2014, in conformity with accounting principles generally accepted in the United States of America.

 

The supplemental information in the accompanying schedule of assets (held at end of year) as of December 31, 2014 has been subjected to audit procedures performed in conjunction with the audit of the Plan’s financial statements. The supplemental information is presented for the purpose of additional analysis and is not a required part of the financial statements but includes supplemental information required by the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. The supplemental information is the responsibility of the Plan’s management. Our audit procedures included determining whether the supplemental information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental information. In forming our opinion on the supplemental information in the accompanying schedule, we evaluated whether the supplemental information, including its form and content, is presented in conformity with the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the supplemental information is fairly stated in all material respects in relation to the financial statements as a whole.

 

 

/s/ McGladrey LLP

 

Los Angeles, CA

June 29, 2015

 

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AECOM TECHNOLOGY CORPORATION

RETIREMENT & SAVINGS PLAN

 

STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
DECEMBER 31, 2014 AND 2013

 

 

 

2014

 

2013

 

 

 

(expressed in thousands)

 

ASSETS:

 

 

 

 

 

Investments—at fair value (Notes B, C, and D)

 

$

1,917,171

 

$

1,876,711

 

 

 

 

 

 

 

Receivables:

 

 

 

 

 

Notes from participants (Note A)

 

14,889

 

15,295

 

Employer contribution

 

180

 

 

Accrued income

 

221

 

276

 

Other

 

49

 

 

Total receivables

 

15,339

 

15,571

 

 

 

 

 

 

 

Total assets

 

1,932,510

 

1,892,282

 

 

 

 

 

 

 

LIABILITIES:

 

 

 

 

 

Payables:

 

 

 

 

 

Accrued expenses

 

452

 

151

 

Other

 

 

103

 

Total payables

 

452

 

254

 

 

 

 

 

 

 

Net Assets Available for Benefits—at fair value

 

1,932,058

 

1,892,028

 

 

 

 

 

 

 

Adjustment from fair value to contract value for interest in a collective investment trust relating to fully benefit-responsive investment contracts

 

(1,404

)

(1,491

)

 

 

 

 

 

 

Net Assets Available for Benefits

 

$

1,930,654

 

$

1,890,537

 

 

See notes to financial statements.

 

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AECOM TECHNOLOGY CORPORATION

RETIREMENT & SAVINGS PLAN

 

STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
YEAR ENDED DECEMBER 31, 2014

 

 

 

2014

 

 

 

(expressed in
thousands)

 

ADDITIONS TO NET ASSETS ATTRIBUTED TO:

 

 

 

INVESTMENT INCOME (Note C)

 

 

 

Net appreciation in fair value of investments

 

$

76,713

 

Interest and dividends

 

61,070

 

Net investment income

 

137,783

 

 

 

 

 

INTEREST INCOME ON NOTES RECEIVABLE FROM PARTICIPANTS

 

616

 

 

 

 

 

CONTRIBUTIONS:

 

 

 

Employee

 

88,221

 

Employer

 

23,191

 

Total contributions

 

111,412

 

 

 

 

 

Total additions

 

249,811

 

 

 

 

 

DEDUCTIONS FROM NET ASSETS ATTRIBUTED TO:

 

 

 

Benefits paid to participants (Note E)

 

(208,055

)

Administrative expenses (Note F)

 

(1,639

)

 

 

 

 

Total deductions

 

(209,694

)

 

 

 

 

NET INCREASE

 

40,117

 

 

 

 

 

NET ASSETS AVAILABLE FOR BENEFITS:

 

 

 

Beginning of year

 

1,890,537

 

 

 

 

 

End of year

 

$

1,930,654

 

 

See notes to financial statements.

 

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AECOM TECHNOLOGY CORPORATION

RETIREMENT & SAVINGS PLAN

 

NOTES TO FINANCIAL STATEMENTS

 

A.                           DESCRIPTION OF THE PLAN

 

The following brief description of AECOM Technology Corporation Retirement & Savings Plan (the “Plan”) is provided for general information purposes only.  Participants should refer to the Plan agreement and the Summary Plan Description for more complete information.

 

General — The Plan is a defined contribution plan that was established to provide benefits to eligible employees of AECOM (“AECOM” or the “Company”) and various subsidiaries meeting certain age and employment requirements.  The Plan is administered by the Americas Retirement Plans Investment Committee, formerly the Americas Stock and Pension Committee, authorized by the AECOM Board of Directors.  The Plan is subject to the applicable provisions of the Employee Retirement Income Security Act of 1974 (“ERISA”), as amended.

 

The Plan is intended to qualify as a defined contribution plan (and an eligible individual account plan, as defined in Section 407(d)(3) of ERISA) which is qualified and exempt from taxation under Section 401(a) and 501(a) of the Internal Revenue Service Code (the “Code”) and is intended to qualify as a profit sharing plan which may, but need not, invest up to 100% in shares of stock of the Company which meet the requirements for “qualifying employer securities” under Section 407(d)(5) of ERISA.  Assets of the Plan, except for assets in the separately managed accounts, are held by Bank of America, N.A., the trustee and record keeper, (the “Trustee”), and assets in the separately managed accounts are held by Northern Trust Corporation (the “Custodian”).

 

Each participant is entitled to exercise voting rights attributable to the Company shares allocated to his or her account and is notified by the Trustee prior to the time that such rights are to be exercised.  The Trustee, at its discretion, is permitted to vote for any share for which instructions have not been given by a participant.

 

Eligibility — Employees become eligible to participate in the Plan on the first day of the second calendar month of service.  If the employee decides not to participate when they are first eligible, they may begin participating anytime, provided they are an eligible employee of the Company on that date.  “Eligible employee” shall mean a person who is an employee of the Company working 20 hours or more per week, excluding (i) any leased employee described in Section 414(n) of the Code, (ii) any employee who is covered by a collective bargaining agreement between employee representatives and the Company unless such bargaining agreement specifically provides otherwise, (iii) any employee who is compensated on an hourly rate or other rate basis if such employee is not included in a designated eligible payroll classification code so designated by the Company, and (iv) any person who is a non-resident alien who receives no earned income (within the meaning of Code Section 911(b)) from sources within the United States.

 

Employee Contributions:

 

After-Tax Contributions — Participants may elect to make after-tax contributions in percentages from 0.5% to 50% of compensation.

 

Tax-Deferred Contributions — Participants may elect to make tax-deferred contributions in percentages from 0.5% to 50% of eligible compensation limited to a maximum annual amount specified by the Code ($17,500 in 2014).

 

Roth Contributions — Participants may elect to make Roth contributions in percentages from 0.5% to 50% of eligible compensation.

 

The total of all participant contributions is limited to 50% of employee compensation.

 

Catch-Up Contributions — Participants who have attained age 50 before the end of the Plan year are eligible to make catch-up contributions (limited to $5,500 in 2014).

 

Participants may also contribute amounts representing rollovers from other qualified plans.

 

Participant Accounts — An account is maintained for each participant, which is credited with the participant’s contributions and rollovers, the Company match, and allocations of the earnings, and charged with allocations of Plan losses and administrative expenses.  Allocations are based on participant earnings or account balances, as defined.

 

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AECOM TECHNOLOGY CORPORATION

RETIREMENT & SAVINGS PLAN

 

NOTES TO FINANCIAL STATEMENTS

 

A.                           DESCRIPTION OF THE PLAN (Concluded)

 

Employer Contributions — The participants’ pre-tax, Roth, and after-tax contributions made to the Plan are matched 50% by the Company up to 6% of eligible compensation.  The Company’s match is allocated 50% to the participant’s selected investment allocations and 50% to Company common stock, which is acquired on the open market.  Participants can transfer their investment in AECOM common stock to other investment options and make withdrawals, subject to vesting conditions, out of the Plan at any time.

 

Vesting — Participants’ contributions and rollovers, and the earnings thereon, are at all times vested in such participants’ accounts.  A participant is 100% vested in any Company matching contributions after three years of credited service (0% up to three years) or upon attaining age 65, becoming disabled or deceased while employed at the Company.  Vesting of Company contributions and earnings thereon are based on years of continuous service.  The portion of a participant’s account balance that is not vested upon termination of employment is forfeited at the time the participant receives a distribution or as of the end of the plan year in which the participant incurs five consecutive breaks in service, as defined in the Plan agreement, whichever occurs first.  These unvested forfeited Company contributions are accumulated in the forfeiture account and are available to reduce subsequent Company contributions.  The balance in the forfeiture account was $1.7 million and $0.6 million at December 31, 2014 and 2013, respectively.  The forfeited amounts applied to reduce the Company’s contributions for the year ended December 31, 2014 were not significant.

 

Notes Receivable from Participants — Active participants may obtain loans from the Plan with the consent of the Plan Administrator.  The minimum loan amount permitted is $1,000; the maximum is the lesser of $50,000 or 50% of the participant’s vested account balance.  The interest rates are no less than 1% over the prime rate as provided by Merrill Lynch Investments.  The repayment period of such loans cannot exceed five years, unless the proceeds are used to buy the participant’s principal residence, in which case longer terms, up to 20 years, are allowed.  These loans are secured by a promissory note from the participant and his or her vested interest in the Plan. The notes are recorded at cost plus accrued interest.

 

Accounting guidance requires that the participant loans be classified as notes receivable from participants, which are segregated from plan investments.  Notes receivable from participants have been classified as an investment asset for the Form 5500 reporting purposes.

 

Distributions — Generally, distributions are made when a participant terminates employment, becomes disabled, dies, or turns age 59-1/2 (in the event of death, payment shall be made to his or her beneficiary or, if none, to his or her legal representatives).  Distributions are made in one single lump-sum in the form of cash or in-kind distribution.  Annuity distribution options for members of certain acquired companies, provided in previously merged plans, were grandfathered in as a protected benefit.  Certified hardship withdrawals are permitted on vested amounts for certain substantiated financial reasons.  If the participant takes a hardship withdrawal, the participant will be suspended from making further contributions to the Plan for a six-month period.

 

B.                     SIGNIFICANT ACCOUNTING POLICIES

 

Basis of Accounting — The accompanying financial statements have been prepared on the accrual basis in accordance with accounting principles generally accepted in the United States of America.

 

As described in Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) No. 962-325, “ Plan Accounting — Defined Contribution Pension Plans, Investments-Other “ (ASC 962-325), investment contracts held by a defined contribution plan are required to be reported at fair value.  However, contract value is the relevant measurement attribute for that portion of the net assets available for benefits of a defined contribution plan attributable to fully benefit-responsive investment contracts because contract value is the amount participants would receive if they were to initiate permitted transactions under the terms of the Plan.  The Plan invests in these investment contracts through collective investment trusts.

 

As required by ASC 962-325, the Statements of Net Assets Available for Benefits present the fair value of the investment in the collective investment trusts as well as the adjustment of the investment in the collective investment trusts from fair value to

 

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AECOM TECHNOLOGY CORPORATION

RETIREMENT & SAVINGS PLAN

 

NOTES TO FINANCIAL STATEMENTS

 

B.                         SIGNIFICANT ACCOUNTING POLICIES (Continued)

 

contract value relating to fully benefit-responsive investment contracts.  The Statement of Changes in Net Assets Available for Benefits is prepared on a contract value basis for fully benefit-responsive investment contracts.

 

Use of Estimates — The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires the Plan’s management to make estimates and assumptions that affect certain reported amounts and disclosures.  Accordingly, actual results could differ from those estimates.

 

Investment Valuation and Income Recognition — Other than the fully benefit-responsive investment contracts, as described previously, investments held by the Plan are reported at fair value.  Fair value of AECOM common stock and other common stocks is based on publicly quoted market prices.  Fair value of mutual funds is based on quoted market prices.  Investments in collective investment trusts are stated at net asset value of the applicable fund as determined by the administrator of the collective trust.  The cost of investments sold or distributed is determined on the basis of average cost for each participant.  Purchases and sales of securities are reflected on the trade date.  Transactions pending clearing with brokers not settled at year-end are recorded as other receivables or payables on the statement of net assets available for benefits.  Dividends are recorded on the ex-dividend date.  Interest income is recorded as earned.  Net appreciation or depreciation in fair value of investments includes the Plan’s gains and losses on investments bought and sold as well as held during the year.

 

Payment of Benefits — Benefits are recorded when paid by the Plan.

 

Administrative Expenses — The Plan incurs monthly recordkeeping and administrative expenses.  Specific participant transaction expenses are deducted from participant accounts directly.  Plan expenses that cannot be directly charged to a specific participant transaction may be paid, in whole or in part, from revenue sharing payments that the Plan receives from certain participating funds.  For the year ended December 31, 2014, the Plan incurred $1.6 million of recordkeeping and administrative expenses.

 

Fair Value Measurements — The Plan’s investments, which are stated at fair value, are disclosed in accordance with the established framework and disclosure requirements described in the FASB ASC No. 820-10, “Fair Value Measurements and Disclosures” (ASC 820-10), which defines fair value, establishes a framework for measuring fair value under current accounting pronouncements that require or permit fair value measurement and enhances disclosures about fair value measurements.  ASC 820-10 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction value hierarchy which requires an entity to maximize the use of observable inputs when measuring fair value.

 

The standard describes three levels of inputs that may be used to measure fair value:

 

Level 1 — Inputs to the valuation methodology are quoted prices available in active markets for identical investments as of the reporting date;

 

Level 2 — Inputs to the valuation methodology include:

·                  quoted prices for similar assets or liabilities in active markets;

·                  quoted prices for identical or similar assets or liabilities in inactive markets;

·                  inputs other than quoted prices that are observable for the asset or liability;

·                  inputs that are derived principally from or corroborated by observable market data by correlation or other means.

 

If the asset or liability has a specified (contractual) term, the Level 2 input must be observable for substantially the full term of the asset or liability.

 

Level 3 — Inputs to the valuation methodology are unobservable inputs in situations where there is little or no market activity for the asset or liability and the reporting entity makes estimates and assumptions related to the pricing of the asset or liability including assumptions regarding risk.

 

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AECOM TECHNOLOGY CORPORATION

RETIREMENT & SAVINGS PLAN

 

NOTES TO FINANCIAL STATEMENTS

 

B.                           SIGNIFICANT ACCOUNTING POLICIES (Continued)

 

A financial instrument’s level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement.

 

The following is a description of the valuation methodologies used for instruments measured at fair value, including the general classification of such instruments pursuant to the valuation hierarchy.

 

AECOM Common Stock

 

AECOM common stock is valued at the closing price reported on the New York Stock Exchange (“NYSE”) Composite Listing and is classified within Level 1 of the valuation hierarchy.

 

Mutual Funds

 

A mutual fund is an investment company registered under the Investment Company Act of 1940 that pools the capital of many investors and invests it in stocks, bonds, short-term money market instruments, and/or other securities.  These investments are public investment vehicles valued using the Net Asset Value (“NAV”) provided by the administrator of the fund.  The NAV is based on the value of the underlying assets owned by the fund, minus its liabilities, and then divided by the number of shares outstanding.  The NAV is a quoted price in an active market and classified within Level 1 of the valuation hierarchy.

 

Collective Investment Trusts

 

A collective investment trust is a trust for the collective investment and reinvestment of assets contributed from employee benefit plans maintained by more than one plan.  These investments are valued using the NAV provided by the administrator of the collective trust.  The NAV is based on the value of the underlying assets owned by the fund, minus its liabilities, and then divided by the number of shares outstanding.  The NAV is classified within Level 2 of the valuation hierarchy because the NAV’s unit price is quoted on a private market that is not active.  The composition and valuation of the collective investment trusts that were classified as Level 2 are described in Note D.

 

Separately Managed Accounts

 

Separately managed accounts are not mutual funds registered under the Investment Company Act of 1940, but instead are individual managed investment accounts managed by an investment adviser.  The underlying investments include investments in publicly traded common stock, in both domestic and foreign markets, and in money market funds.  The fair values of the underlying assets of the separately managed accounts are priced by the investment advisor using the last quoted sale price listed or regularly traded on a securities exchange or in the over-the-counter market or, for certain markets, the official closing price at the time the valuations are made. Because the underlying assets are valued using quoted prices available in active markets, they are classified within Level 1.

 

Money Market Funds

 

These investments are public investment vehicles valued using $1 for the NAV.  The NAV is a quoted price in active markets.  The money market funds are classified within Level 1 of the valuation hierarchy.

 

Common Stocks

 

Common stocks are valued at the closing quoted price reported on active markets and are classified within Level 1 of the valuation hierarchy.

 

The preceding methods described may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values.  Furthermore, although Plan management believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date.

 

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AECOM TECHNOLOGY CORPORATION

RETIREMENT & SAVINGS PLAN

 

NOTES TO FINANCIAL STATEMENTS

 

B.                           SIGNIFICANT ACCOUNTING POLICIES (Concluded)

 

Transfers Between Levels — The availability of observable market data is monitored to assess the appropriate classification of financial instruments within the fair value hierarchy.  Changes in economic conditions of model-based valuation techniques may require the transfer of financial instruments from one fair value level to another.  In such instances, the transfer is reported at the beginning of the reporting period.  We evaluate the significance of transfers between levels based on the nature of the financial instruments’ size or the transfer relative to total net assets available for benefits.  For the years ended December 31, 2014 and 2013, there were no transfers between levels.

 

Recent Accounting Pronouncements — In May 2015, the FASB issued Accounting Standards Update No. 2015-07, Disclosures for Investment in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent) (“ASU 2015-07”).  ASU 2015-07 seeks to eliminate diversity in practice surrounding how investments measured at net asset value under the practical expedient with future redemption dates have been categorized in the fair value hierarchy.  It is effective for annual reporting periods beginning after December 15, 2015.  The Plan’s management is currently in the process of evaluating the impact of the adoption of the new accounting guidance on its Plan financial statements.

 

C.                           INVESTMENTS

 

The Plan’s investments that represented 5% or more of the Plan’s net assets available for benefits as of December 31, 2014 and 2013 are as follows:

 

 

 

2014

 

2013

 

 

 

(expressed in thousands)

 

AECOM Common Stock

 

$

212,508

 

$

227,238

 

Fidelity Investments Growth Company Fund (Mutual Fund)

 

193,301

 

183,468

 

Fidelity Investments Balanced Fund (Mutual Fund)

 

138,012

 

123,367

 

Vanguard Institutional Index Fund (Mutual Fund)

 

107,305

 

96,480

 

PIMCO Total Return Fund Institutional Class Fund (Mutual Fund)

 

99,306

 

108,905

 

Fidelity Investments Managed Income Portfolio II Class IV Fund (Collective Investment Trust)

 

97,561

 

105,954

 

Oakmark Fund Class I (Mutual Fund)

 

*

 

96,299

 

 


*The balance was less than 5% of the Plan’s net assets available for benefits in the year indicated.

 

During the year ended December 31, 2014, the Plan’s investments (including gains and losses on investments bought and sold, as well as held during the year) appreciated in value, as follows:

 

 

 

(expressed in
thousands)

 

AECOM common stock

 

$

8,899

 

Collective investment trust

 

87

 

Common stocks

 

3,851

 

Separately managed accounts

 

13,572

 

Mutual funds

 

50,304

 

 

 

 

 

Net appreciation in fair value of investments

 

$

76,713

 

 

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AECOM TECHNOLOGY CORPORATION

RETIREMENT & SAVINGS PLAN

 

NOTES TO FINANCIAL STATEMENTS

 

D.         FAIR VALUE MEASUREMENTS

 

Below are the Plan’s investments carried at fair value on a recurring basis by the ASC 820-10 fair value hierarchy levels described in Note B.

 

 

 

As of December 31, 2014

 

 

 

Quoted Prices in
Active Markets for
Identical Assets
(Level 1)

 

Significant
Observable
Inputs
(Level 2)

 

Significant
Unobservable
Inputs
(Level 3)

 

Total
Fair Value

 

 

 

(expressed in thousands)

 

AECOM common stock

 

$

212,508

 

$

 

$

 

$

212,508

 

 

 

 

 

 

 

 

 

 

 

Mutual funds:

 

 

 

 

 

 

 

 

 

Growth funds

 

388,619

 

 

 

388,619

 

Money market funds

 

61,814

 

 

 

61,814

 

Blend funds

 

786,993

 

 

 

786,993

 

Fixed income funds

 

102,825

 

 

 

102,825

 

Total mutual funds

 

1,340,251

 

 

 

1,340,251

 

 

 

 

 

 

 

 

 

 

 

Collective investment trust

 

 

97,561

 

 

97,561

 

 

 

 

 

 

 

 

 

 

 

Self-directed brokerage accounts

 

 

 

 

 

 

 

 

 

Mutual Funds

 

 

 

 

 

 

 

 

 

Growth funds

 

5,127

 

 

 

5,127

 

Money market funds

 

18,610

 

 

 

18,610

 

Blend funds

 

2,377

 

 

 

2,377

 

Fixed income funds

 

4,870

 

 

 

4,870

 

Other funds

 

2,787

 

 

 

2,787

 

Common Stocks

 

 

 

 

 

 

 

 

 

Financials

 

4,767

 

 

 

4,767

 

Technology

 

11,249

 

 

 

11,249

 

Energy

 

2,513

 

 

 

2,513

 

Materials

 

2,284

 

 

 

2,284

 

Industrials

 

7,177

 

 

 

7,177

 

Consumer

 

6,452

 

 

 

6,452

 

Healthcare

 

2,652

 

 

 

2,652

 

Telecommunications

 

1,390

 

 

 

1,390

 

Exchange traded funds

 

58,051

 

 

 

58,051

 

Other

 

3,377

 

 

 

3,377

 

Total self-directed brokerage accounts

 

133,683

 

 

 

133,683

 

 

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Table of Contents

 

AECOM TECHNOLOGY CORPORATION

RETIREMENT & SAVINGS PLAN

 

NOTES TO FINANCIAL STATEMENTS

 

D.         FAIR VALUE MEASUREMENTS (Continued)

 

 

 

As of December 31, 2014 (continued)

 

 

 

Quoted Prices in
Active Markets for
Identical Assets
(Level 1)

 

Significant
Observable
Inputs
(Level 2)

 

Significant
Unobservable
Inputs
(Level 3)

 

Total
Fair Value

 

 

 

(expressed in thousands)

 

Separately managed accounts

 

 

 

 

 

 

 

 

 

Mutual funds

 

 

 

 

 

 

 

 

 

Money market funds

 

3,886

 

 

 

3,886

 

Common stocks

 

 

 

 

 

 

 

 

 

Financials

 

30,957

 

 

 

30,957

 

Technology

 

19,502

 

 

 

19,502

 

Energy

 

6,935

 

 

 

6,935

 

Materials

 

6,884

 

 

 

6,884

 

Industrials

 

18,375

 

 

 

18,375

 

Consumer

 

23,044

 

 

 

23,044

 

Healthcare

 

18,360

 

 

 

18,360

 

Other

 

5,225

 

 

 

5,225

 

Total separately managed accounts

 

133,168

 

 

 

133,168

 

 

 

 

 

 

 

 

 

 

 

Total investments at fair value

 

$

1,819,610

 

$

97,561

 

$

 

$

1,917,171

 

 

 

 

As of December 31, 2013

 

 

 

Quoted Prices in
Active Markets for
Identical Assets
(Level 1)

 

Significant
Observable
Inputs
(Level 2)

 

Significant
Unobservable
Inputs
(Level 3)

 

Total
Fair Value

 

 

 

(expressed in thousands)

 

AECOM common stock

 

$

227,238

 

$

 

$

 

$

227,238

 

 

 

 

 

 

 

 

 

 

 

Mutual funds:

 

 

 

 

 

 

 

 

 

Growth funds

 

389,099

 

 

 

389,099

 

Money market funds

 

68,268

 

 

 

68,268

 

Blend funds

 

739,179

 

 

 

739,179

 

Fixed income funds

 

109,146

 

 

 

109,146

 

Total mutual funds

 

1,305,692

 

 

 

1,305,692

 

 

 

 

 

 

 

 

 

 

 

Collective investment trust

 

 

105,954

 

 

105,954

 

 

10



Table of Contents

 

AECOM TECHNOLOGY CORPORATION

RETIREMENT & SAVINGS PLAN

 

NOTES TO FINANCIAL STATEMENTS

 

D.         FAIR VALUE MEASUREMENTS (Continued)

 

 

 

As of December 31, 2013 (continued)

 

 

 

Quoted Prices in
Active Markets for
Identical Assets
(Level 1)

 

Significant
Observable
Inputs
(Level 2)

 

Significant
Unobservable
Inputs
(Level 3)

 

Total
Fair Value

 

 

 

(expressed in thousands)

 

Self-directed brokerage accounts

 

 

 

 

 

 

 

 

 

Mutual Funds

 

 

 

 

 

 

 

 

 

Growth funds

 

6,307

 

 

 

6,307

 

Money market funds

 

17,698

 

 

 

17,698

 

Blend funds

 

2,528

 

 

 

2,528

 

Fixed income funds

 

5,212

 

 

 

5,212

 

Other funds

 

2,973

 

 

 

2,973

 

Common Stocks

 

 

 

 

 

 

 

 

Financials

 

4,239

 

 

 

4,239

 

Technology

 

8,368

 

 

 

8,368

 

Energy

 

2,539

 

 

 

2,539

 

Materials

 

2,140

 

 

 

2,140

 

Industrials

 

4,954

 

 

 

4,954

 

Consumer

 

6,122

 

 

 

6,122

 

Healthcare

 

2,347

 

 

 

2,347

 

Exchange traded funds

 

39,014

 

 

 

39,014

 

Other

 

2,771

 

 

 

2,771

 

Total self-directed brokerage accounts

 

107,212

 

 

 

107,212

 

 

 

 

 

 

 

 

 

 

 

Separately managed accounts

 

 

 

 

 

 

 

 

 

Mutual funds

 

 

 

 

 

 

 

 

 

Money market funds

 

4,507

 

 

 

4,507

 

Common stocks

 

 

 

 

 

 

 

 

 

Financials

 

32,369

 

 

 

32,369

 

Technology

 

16,338

 

 

 

16,338

 

Energy

 

9,471

 

 

 

9,471

 

Materials

 

6,421

 

 

 

6,421

 

Industrials

 

20,023

 

 

 

20,023

 

Consumer

 

22,735

 

 

 

22,735

 

Healthcare

 

14,699

 

 

 

14,699

 

Other

 

4,052

 

 

 

4,052

 

Total separately managed accounts

 

130,615

 

 

 

130,615

 

 

 

 

 

 

 

 

 

 

 

Total investments at fair value

 

$

1,770,757

 

$

105,954

 

$

 

$

1,876,711

 

 

The composition and valuation of the collective investment trust that was classified as Level 2 as of December 31, 2014 and 2013 in the tables above is described below.

 

11



Table of Contents

 

AECOM TECHNOLOGY CORPORATION

RETIREMENT & SAVINGS PLAN

 

NOTES TO FINANCIAL STATEMENTS

 

D.         FAIR VALUE MEASUREMENTS (Concluded)

 

Fidelity Managed Income Portfolio II Class IV Fund (Collective Investment Trust)

 

During the years ended December 31, 2014 and 2013, the Plan held investments in the Fidelity Managed Income Portfolio II (“MIP II”) Fund.  The Class IV Fund represents an investment in the Fidelity MIPP II, which is a commingled pool of net assets in the Fidelity Group Trust for Employee Benefit Plans and is managed by Fidelity Management Trust Company (FMTC).  Each share Class represents an investment in the same portfolio of assets, but with different fee and/or expense structures.  MIP II’s investment objective is to seek the preservation of capital and to provide a competitive level of income over time that is consistent with the preservation of capital.  MIP II invests in short-term bonds and other fixed income securities such as U.S. treasury bonds, government agency securities, corporate bonds, mortgage-backed securities, commercial mortgage-backed securities, asset-backed securities and derivative instruments, including futures, options and swaps.  A portion of MIP II is invested in cash equivalents represented by shares in money market funds to provide daily liquidity and help maintain a stable NAV.  The MIP II Fund is credited with contributions from participants and earnings on the underlying investments and charged for participant withdrawals and administrative expenses.  MIP II enters into third party liquidity agreements, commonly referred to as wrap contracts, issued by insurance companies and other financial institutions.  The issuer of the wrap contract guarantees a minimum rate of return and provides full benefit responsiveness, provided that all terms of the wrap contract have been met.  FMTC normally seeks to minimize the exposure of MIP II to wrap related credit risk through diversification of the wrap contracts across an approved group of issuers, but may have a single wrap issuer for all of the fund’s underlying assets. The wrap contracts accrue interest using crediting interest rates which is based upon a formula agreed with the issuer of the wrap contract with the requirement that the interest rates may not be less than zero percent.  Crediting interest rates are reset monthly.  A wrap issuer may terminate a wrap contract at any time. The fair value of the MIP II Fund equals the total of the fair values of the underlying assets plus wrap contracts.  The fair values of the underlying assets of the MIP II, other than the wrap contracts, are priced using independent third party pricing services or brokers approved by FMTC to value its investments.  The investment in wrap contracts are measured at fair value using a discounted cash flow model that considers recent fee bids as determined by recognized dealers, discount rate, and the duration of the underlying portfolio securities.

 

The average yields earned by the Plan for all investments held by the MIP II Fund was approximately 1.70% and 1.59% for the year ended December 31, 2014 and 2013, respectively.  The average yields earned by the Plan for all investments held by the MIP II Fund based on the actual interest rates credited to the participants was approximately 1.38% and 1.14% for the year ended December 31, 2014 and 2013, respectively.

 

Net Asset Value per Share

 

The following tables summarize Level 2 investments measured at fair value based on NAV per share as of December 31, 2014 and 2013, respectively.

 

December 31, 2014

 

Fair Value
(in $000)

 

Unfunded
Commitment

 

Redemption
Frequency (if
Currently
Eligible)

 

Redemption
Notice Period

 

Fidelity Managed Income Portfolio II Class IV Fund

 

$

97,561

 

n/a

 

Daily

 

None

 

 

December 31, 2013

 

Fair Value
(in $000)

 

Unfunded
Commitment

 

Redemption
Frequency (if
Currently
Eligible)

 

Redemption
Notice Period

 

Fidelity Managed Income Portfolio II Class IV Fund

 

$

105,954

 

n/a

 

Daily

 

None

 

 

12



Table of Contents

 

AECOM TECHNOLOGY CORPORATION

RETIREMENT & SAVINGS PLAN

 

NOTES TO FINANCIAL STATEMENTS

 

E.         BENEFITS PAYABLE

 

Net assets available for benefits at December 31, 2014 and 2013 include $2.4 million and $236,000, respectively, for participants who have withdrawn from the Plan and have requested distribution of benefits, but have not yet been paid.

 

F.         RELATED PARTY TRANSACTIONS

 

Certain Plan investments are shares of common stock of AECOM.  In addition, AECOM charges the Plan for certain administrative labor costs.  The total cost of administrative labor charged to the Plan by AECOM during the year ended December 31, 2014 was $58,000.  AECOM is the Plan sponsor as defined by the Plan and, therefore, these transactions qualify as party-in-interest transactions.  The Plan holds self-directed brokerage accounts and investments managed by Bank of America, N.A. and their affiliates, and these transactions qualify as party-in-interest transactions.  The Plan also holds common stock in Northern Trust Corporation and investments managed by Northern Trust Corporation, and these transactions also qualify as party-in-interest transactions.

 

G.        PLAN TERMINATION

 

Although it has not expressed any intent to do so, AECOM has the right under the Plan to discontinue its contributions at any time and to terminate the Plan subject to the provisions of ERISA.  In the event of the Plan’s termination, participants will become 100% vested in their accounts.

 

H.        TAX STATUS

 

In January 2013, the Plan requested a determination letter from the Internal Revenue Service (the “IRS”).  The Plan administrator and the Plan’s tax counsel believe that the Plan is designed and is currently being operated in compliance with the applicable requirements of the Code and therefore believe that the Plan is qualified and the related trust is tax-exempt.

 

Accounting principles generally accepted in the United States of America require plan management to evaluate tax positions taken by the Plan and recognize a tax liability (or asset) if the Plan has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS.  The Plan administrator has analyzed the tax positions taken by the Plan, and has concluded that as of December 31, 2014, there are no uncertain positions taken or expected to be taken that would require recognition of liability (or asset) or disclosure in the financial statements.

 

I.        RISKS AND UNCERTAINTIES

 

The Plan invests in various investment securities.  Investment securities are exposed to various risks such as interest rate, market and credit risks.  Due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in the value of investment securities will occur in the near term, and that such change could materially affect participant’s account balances and the amounts reported in the financial statements.  The Plan’s exposure to a concentration of risk is limited by the diversification of investments across various participant-directed investment options.  Additionally, the investments within each participant-directed investment option are further diversified into varied financial instruments, with the exception of AECOM common stock, which is a single security.

 

13



Table of Contents

 

AECOM TECHNOLOGY CORPORATION

RETIREMENT & SAVINGS PLAN

 

NOTES TO FINANCIAL STATEMENTS

 

J.       RECONCILIATION OF FINANCIAL STATEMENTS TO FORM 5500

 

The following is a reconciliation of net assets available for benefits per the financial statements at December 31, 2014 and 2013 to Form 5500:

 

 

 

2014

 

2013

 

 

 

(expressed in thousands)

 

Net assets available for benefits per the financial statements

 

$

1,930,654

 

$

1,890,537

 

 

 

 

 

 

 

Adjustment from contract value to fair value for interest in a collective investment trust fund relating to fully-benefit responsive investment contracts

 

1,404

 

1,491

 

 

 

 

 

 

 

Amounts allocated to withdrawing participants

 

(2,412

)

(236

)

 

 

 

 

 

 

Net assets available for benefits per Form 5500

 

$

1,929,646

 

$

1,891,792

 

 

The following is a reconciliation of the total net increase per the financials statement for the year ended December 31, 2014 to Form 5500:

 

 

 

2014

 

 

 

(expressed in
thousands)

 

Total net increase per financial statements

 

$

40,117

 

 

 

 

 

Net change in adjustment from contract value to fair value for interest in a collective investment trust fund relating to fully-benefit responsive investment contracts

 

(87

)

 

 

 

 

Net change in amounts allocated to withdrawing participants

 

(2,176

)

 

 

 

 

Total net increase per Form 5500

 

$

37,854

 

 

14



Table of Contents

 

AECOM TECHNOLOGY CORPORATION

RETIREMENT & SAVINGS PLAN

 

EIN#: 61-1088522

PLAN#: 055

FORM 5500, SCHEDULE H, PART IV, LINE 4i

SCHEDULE OF ASSETS (HELD AT END OF YEAR)

DECEMBER 31, 2014

 

(a)

 

(b)
Identity of Issue, Borrower, Lessor, or Similar Party

 

(c)
Description of Investment,
Including Maturity Date,
Rate of Interest,
Collateral, Par or Maturity
Value

 

(d)
Cost

 

(e)
Current Value

 

 

 

 

 

 

 

 

 

 

 

*

 

AECOM Common Stock

 

6,997,307 shares

 

**

 

$

212,508,226

 

 

 

Registered Investment Companies:

 

 

 

 

 

 

 

 

 

American EuroPacific Growth Fund Class R6

 

1,536,466 shares

 

**

 

72,352,183

 

 

 

Baron Growth Fund Class I

 

853,940 shares

 

**

 

62,542,561

 

 

 

BlackRock Advisors BIF Money Fund

 

2,412,611 shares

 

**

 

2,412,611

 

 

 

BlackRock Advisors FFI Premier Institutional Fund

 

59,401,154 shares

 

**

 

59,401,154

 

 

 

Dodge & Cox International Stock Fund

 

1,614,865 shares

 

**

 

68,001,950

 

 

 

Fidelity Investments Balanced Fund

 

6,061,130 shares

 

**

 

138,011,930

 

 

 

Fidelity Investments Growth Company Fund

 

1,465,626 shares

 

**

 

193,301,469

 

 

 

Franklin Templeton Global Total Return Fund Class R6

 

280,393 shares

 

**

 

3,518,935

 

 

 

Morgan Stanley Global Real Estate Portfolio Fund Class IS

 

504,728 shares

 

**

 

5,607,532

 

 

 

Neuberger Berman Socially Responsive Fund Investor

 

422,315 shares

 

**

 

14,607,867

 

 

 

Oakmark Fund Class I

 

1,403,835 shares

 

**

 

93,186,593

 

 

 

PIMCO Total Return Fund Institutional Class

 

9,315,759 shares

 

**

 

99,305,991

 

 

 

Principal Diversified Real Asset Fund Class I

 

69,807 shares

 

**

 

842,568

 

 

 

Vanguard Explorer Fund Admiral Shares

 

375,305 shares

 

**

 

32,445,106

 

 

 

Vanguard Extended Market Index Fund

 

1,333,804 shares

 

**

 

88,831,367

 

 

 

Vanguard Institutional Index Fund

 

568,747 shares

 

**

 

107,305,497

 

 

 

Vanguard PRIMECAP Core Fund

 

2,013,961 shares

 

**

 

43,582,126

 

 

 

Vanguard Target Retirement 2010 Fund

 

465,146 shares

 

**

 

12,242,634

 

 

 

Vanguard Target Retirement 2015 Fund

 

1,213,769 shares

 

**

 

18,558,523

 

 

 

Vanguard Target Retirement 2020 Fund

 

2,195,242 shares

 

**

 

62,476,584

 

 

 

Vanguard Target Retirement 2025 Fund

 

345,320 shares

 

**

 

5,708,136

 

 

 

Vanguard Target Retirement 2030 Fund

 

2,022,287 shares

 

**

 

58,727,201

 

 

 

Vanguard Target Retirement 2035 Fund

 

146,354 shares

 

**

 

2,610,949

 

 

 

Vanguard Target Retirement 2040 Fund

 

1,207,920 shares

 

**

 

35,947,695

 

 

 

Vanguard Target Retirement 2045 Fund

 

98,663 shares

 

**

 

1,840,065

 

 

 

Vanguard Target Retirement 2050 Fund

 

343,755 shares

 

**

 

10,182,031

 

 

 

Vanguard Target Retirement 2055 Fund

 

41,492 shares

 

**

 

1,326,901

 

 

 

Vanguard Target Retirement Income Fund

 

684,747 shares

 

**

 

8,840,088

 

 

 

VOYA Real Estate Fund (Class I)

 

1,720,820 shares

 

**

 

36,533,013

 

 

 

 

 

 

 

 

 

1,340,251,260

 

 

 

Common/Collective Investment Trust Fund:

 

 

 

 

 

 

 

 

 

Fidelity Managed Income Portfolio II Class IV Fund

 

97,560,387 shares

 

**

 

97,560,387

 

*

 

Assets in Bank of America, N.A. Self-Directed Brokerage Accounts

 

Various investments, including registered investment companies, common stocks, ETFs and money market funds

 

**

 

133,683,313

 

 

(Continued)

 

15



Table of Contents

 

AECOM TECHNOLOGY CORPORATION

RETIREMENT & SAVINGS PLAN

 

EIN#: 61-1088522

PLAN#: 055

FORM 5500, SCHEDULE H, PART IV, LINE 4i

SCHEDULE OF ASSETS (HELD AT END OF YEAR)

DECEMBER 31, 2014

 

(a)

 

(b)
Identity of Issue, Borrower, Lessor, or Similar Party

 

(c)
Description of Investment,
Including Maturity Date,
Rate of Interest,
Collateral, Par or Maturity
Value

 

(d)
Cost

 

(e)
Current Value

 

 

 

 

 

 

 

 

 

 

 

 

 

Separately Managed Account Fund Investments:

 

 

 

 

 

 

 

 

 

Frontier Capital Management Small Cap Value Fund

 

 

 

 

 

 

 

 

 

Common Stock

 

 

 

 

 

 

 

 

 

First Horizon National Corp

 

43,593 shares

 

**

 

591,993

 

 

 

Advanced Energy Industries Inc.

 

8,400 shares

 

**

 

199,080

 

 

 

Allscripts Healthcare Solutions Inc.

 

18,033 shares

 

**

 

230,281

 

 

 

Altra Industrial Motion Corp

 

8,934 shares

 

**

 

253,636

 

 

 

American Eagle Outfitters Inc.

 

22,192 shares

 

**

 

308,025

 

 

 

Argo Group International Holdings

 

15,056 shares

 

**

 

835,156

 

 

 

Aspen Insurance Holdings

 

13,801 shares

 

**

 

604,070

 

 

 

Atmel Corp

 

40,827 shares

 

**

 

342,743

 

 

 

Barrett Bill Corp

 

14,474 shares

 

**

 

164,859

 

 

 

Boise Cascade Co

 

8,814 shares

 

**

 

327,440

 

 

 

Brady Corp

 

9,552 shares

 

**

 

261,152

 

 

 

Briggs & Stratton Corp

 

7,917 shares

 

**

 

161,665

 

 

 

Cabot Corp

 

6,413 shares

 

**

 

281,274

 

 

 

Campus Crest Communities Inc.

 

43,571 shares

 

**

 

318,504

 

 

 

Career Education Corp

 

41,439 shares

 

**

 

288,415

 

 

 

Carrizo Oil & Gas Inc.

 

12,477 shares

 

**

 

519,043

 

 

 

Celadon Group Inc.

 

12,543 shares

 

**

 

284,600

 

 

 

Central Garden & Pet Co

 

16,118 shares

 

**

 

153,927

 

 

 

Chicos FAS Inc.

 

20,126 shares

 

**

 

326,242

 

 

 

Ciber Inc.

 

62,448 shares

 

**

 

221,690

 

 

 

Cloud Peak Energy Inc.

 

16,311 shares

 

**

 

149,735

 

 

 

Comstock Resources Inc.

 

23,820 shares

 

**

 

162,214

 

 

 

Crocs Inc.

 

27,446 shares

 

**

 

342,800

 

 

 

Cytec Industries

 

4,039 shares

 

**

 

186,481

 

 

 

DSW Inc.

 

9,063 shares

 

**

 

338,050

 

 

 

E Trade Financial Corp

 

34,898 shares

 

**

 

846,451

 

 

 

Eagle Materials Inc.

 

4,916 shares

 

**

 

373,763

 

 

 

Encore Wire Corp

 

3,974 shares

 

**

 

148,349

 

 

 

Endurance Specialty Holdings Ltd

 

8,668 shares

 

**

 

518,693

 

 

 

Fairchild Semiconductor International Inc.

 

24,970 shares

 

**

 

421,494

 

 

 

First Midwest Bancorp Inc.

 

34,591 shares

 

**

 

591,852

 

 

 

Flushing Financial Corp

 

29,951 shares

 

**

 

607,107

 

 

 

FTI Consulting Inc.

 

8,641 shares

 

**

 

333,802

 

 

 

Furmanite Corp

 

10,131 shares

 

**

 

79,224

 

 

 

Glatfelter

 

7,975 shares

 

**

 

203,921

 

 

(Continued)

 

16



Table of Contents

 

AECOM TECHNOLOGY CORPORATION

RETIREMENT & SAVINGS PLAN

 

EIN#: 61-1088522

PLAN#: 055

FORM 5500, SCHEDULE H, PART IV, LINE 4i

SCHEDULE OF ASSETS (HELD AT END OF YEAR)

DECEMBER 31, 2014

 

(a)

 

(b)
Identity of Issue, Borrower, Lessor, or Similar Party

 

(c)
Description of Investment,
Including Maturity Date,
Rate of Interest,
Collateral, Par or Maturity
Value

 

(d)
Cost

 

(e)
Current Value

 

 

 

 

 

 

 

 

 

 

 

 

 

Frontier Capital Management Small Cap Value Fund (Continued)

 

 

 

 

 

 

 

 

 

Common Stock (Continued)

 

 

 

 

 

 

 

 

 

Harsco Corp

 

15,190 shares

 

**

 

286,939

 

 

 

HCC Insurance Holdings Inc.

 

15,632 shares

 

**

 

836,625

 

 

 

HNI Corp

 

9,849 shares

 

**

 

502,890

 

 

 

Ingram Micro Inc.

 

25,617 shares

 

**

 

708,054

 

 

 

Insight Enterprises Inc.

 

14,874 shares

 

**

 

385,088

 

 

 

Integrated Device Technology Inc.

 

22,678 shares

 

**

 

444,489

 

 

 

International Speedway Corp

 

5,461 shares

 

**

 

172,841

 

 

 

Itron Inc.

 

5,948 shares

 

**

 

251,541

 

 

 

Jabil Circuit Inc.

 

22,581 shares

 

**

 

492,943

 

 

 

Kraton Performance Polymers Inc.

 

13,974 shares

 

**

 

290,519

 

 

 

Lennox International Inc.

 

1,966 shares

 

**

 

186,908

 

 

 

Littelfuse Inc.

 

1,940 shares

 

**

 

187,540

 

 

 

LSB Industries Inc.

 

4,548 shares

 

**

 

142,989

 

 

 

Merit Medical Systems Inc.

 

16,944 shares

 

**

 

293,640

 

 

 

Modine Manufacturing Co

 

50,276 shares

 

**

 

683,754

 

 

 

MRC Global Inc.

 

14,631 shares

 

**

 

221,660

 

 

 

MSA Safety Inc.

 

4,084 shares

 

**

 

216,820

 

 

 

Myriad Genetics Inc.

 

8,839 shares

 

**

 

301,056

 

 

 

National Retail Properties Inc.

 

12,947 shares

 

**

 

509,723

 

 

 

Navigators Group Inc.

 

10,809 shares

 

**

 

792,732

 

 

 

On Semiconductor Corp

 

66,763 shares

 

**

 

676,309

 

 

 

Pericom Semiconductor Corp

 

35,531 shares

 

**

 

481,090

 

 

 

Piedmont Natural Gas Inc.

 

5,054 shares

 

**

 

199,178

 

 

 

Pinnacle Financial Partners Inc.

 

20,393 shares

 

**

 

806,339

 

 

 

Parkway Properties Inc.

 

21,976 shares

 

**

 

404,139

 

 

 

Popular Inc.

 

21,401 shares

 

**

 

728,704

 

 

 

Portland General Electric Co

 

17,734 shares

 

**

 

670,877

 

 

 

Primoris Services Corp

 

10,173 shares

 

**

 

236,421

 

 

 

Qlogic Corp

 

54,219 shares

 

**

 

722,197

 

 

 

Renasant Corp

 

20,674 shares

 

**

 

598,099

 

 

 

Saia Inc

 

5,970 shares

 

**

 

330,499

 

 

 

Selective Insurance Group Inc

 

31,953 shares

 

**

 

868,163

 

 

 

Semtech Corp

 

11,089 shares

 

**

 

305,724

 

 

 

Skullcandy Inc.

 

16,674 shares

 

**

 

153,234

 

 

 

Southwest Gas Corp

 

6,146 shares

 

**

 

379,884

 

 

(Continued)

 

17



Table of Contents

 

AECOM TECHNOLOGY CORPORATION

RETIREMENT & SAVINGS PLAN

 

EIN#: 61-1088522

PLAN#: 055

FORM 5500, SCHEDULE H, PART IV, LINE 4i

SCHEDULE OF ASSETS (HELD AT END OF YEAR)

DECEMBER 31, 2014

 

(a)

 

(b)
Identity of Issue, Borrower, Lessor, or Similar Party

 

(c)
Description of Investment,
Including Maturity Date,
Rate of Interest,
Collateral, Par or Maturity
Value

 

(d)
Cost

 

(e)
Current Value

 

 

 

 

 

 

 

 

 

 

 

 

 

Frontier Capital Management Small Cap Value Fund (Continued)

 

 

 

 

 

 

 

 

 

Common Stock (Continued)

 

 

 

 

 

 

 

 

 

Triquent

 

6,596 shares

 

**

 

181,720

 

 

 

Ultratech Inc

 

8,230 shares

 

**

 

152,749

 

 

 

Unitil Corp

 

11,053 shares

 

**

 

405,314

 

 

 

Virtusa Corp

 

9,698 shares

 

**

 

404,116

 

 

 

Wabash National Corp

 

14,928 shares

 

**

 

184,510

 

 

 

Washington Federal Inc

 

20,895 shares

 

**

 

462,824

 

 

 

Wesco International Inc

 

2,526 shares

 

**

 

192,506

 

 

 

Westar Energy Inc

 

18,821 shares

 

**

 

776,178

 

 

 

WGL Holdings Inc

 

9,849 shares

 

**

 

537,952

 

 

 

WSFS Financial Corp

 

9,176 shares

 

**

 

705,543

 

*

 

Northern Trust Company Coltv Short Term Investment Fund

 

220,098 shares

 

**

 

220,298

 

 

 

Total Frontier Capital Management Small Cap Value Fund

 

 

 

 

 

31,671,049

 

 

 

 

 

 

 

 

 

 

 

 

 

T. Rowe Price US Dividend Growth Equity Fund

 

 

 

 

 

 

 

 

 

Common Stock

 

 

 

 

 

 

 

 

 

Canadian Natural Resources Ltd

 

8,200 shares

 

**

 

253,216

 

 

 

Pernod Ricard S A

 

17,700 shares

 

**

 

388,692

 

 

 

Nestle S A

 

10,900 shares

 

**

 

795,155

 

 

 

Accenture Plc

 

13,200 shares

 

**

 

1,178,892

 

 

 

Agilent Technologies Inc.

 

19,400 shares

 

**

 

794,236

 

 

 

Airgas Inc.

 

4,900 shares

 

**

 

564,382

 

 

 

Allstate Corp .

 

10,600 shares

 

**

 

744,650

 

 

 

American Express Co

 

14,100 shares

 

**

 

1,311,864

 

 

 

American Tower Corp

 

4,600 shares

 

**

 

454,710

 

 

 

Amerisourcebergen Corp .

 

7,400 shares

 

**

 

667,184

 

 

 

Aon Plc .

 

13,300 shares

 

**

 

1,261,239

 

 

 

Apache Corp .

 

8,200 shares

 

**

 

513,894

 

 

 

Apple Inc.

 

9,700 shares

 

**

 

1,070,686

 

 

 

Applied Materials Inc.

 

28,100 shares

 

**

 

700,252

 

 

 

AT&T Inc.

 

12,900 shares

 

**

 

433,311

 

 

 

Automatic Data Processing Inc.

 

15,200 shares

 

**

 

1,267,224

 

 

 

Becton Dickinson & Co

 

9,500 shares

 

**

 

1,322,020

 

 

(Continued)

 

18



Table of Contents

 

AECOM TECHNOLOGY CORPORATION

RETIREMENT & SAVINGS PLAN

 

EIN#: 61-1088522

PLAN#: 055

FORM 5500, SCHEDULE H, PART IV, LINE 4i

SCHEDULE OF ASSETS (HELD AT END OF YEAR)

DECEMBER 31, 2014

 

(a)

 

(b)
Identity of Issue, Borrower, Lessor, or Similar Party

 

(c)
Description of Investment,
Including Maturity Date,
Rate of Interest,
Collateral, Par or Maturity
Value

 

(d)
Cost

 

(e)
Current Value

 

 

 

 

 

 

 

 

 

 

 

 

 

T. Rowe Price US Dividend Growth Equity Fund (Continued)

 

 

 

 

 

 

 

 

 

Common Stock (Continued)

 

 

 

 

 

 

 

 

 

C H Robinson Worldwide Inc

 

5,300 shares

 

**

 

396,917

 

 

 

Carnival Corp

 

14,200 shares

 

**

 

643,686

 

 

 

Chevron Corp

 

6,900 shares

 

**

 

774,042

 

 

 

Chubb Corp

 

10,700 shares

 

**

 

1,107,129

 

 

 

Cigna Corporation

 

4,000 shares

 

**

 

411,640

 

 

 

Cisco Systems Inc.

 

25,000 shares

 

**

 

695,375

 

 

 

Coca Cola Co

 

6,800 shares

 

**

 

287,096

 

 

 

Colgate-Palmolive Co

 

6,100 shares

 

**

 

422,059

 

 

 

Comcast Corp

 

6,000 shares

 

**

 

348,060

 

 

 

Costco Wholesale Corp

 

3,500 shares

 

**

 

496,125

 

 

 

Covidien Plc

 

9,500 shares

 

**

 

971,660

 

 

 

Crown Castle International Corp

 

19,100 shares

 

**

 

1,503,170

 

 

 

Danaher Corp

 

27,977 shares

 

**

 

2,397,909

 

 

 

Dentsply International Inc.

 

22,000 shares

 

**

 

1,171,940

 

 

 

Eaton Corp Plc

 

5,550 shares

 

**

 

377,178

 

 

 

Ecolab Inc.

 

5,100 shares

 

**

 

533,052

 

 

 

Entergy Corp

 

5,600 shares

 

**

 

489,888

 

 

 

EQT Corp

 

9,700 shares

 

**

 

734,290

 

 

 

Equifax Inc

 

9,100 shares

 

**

 

735,917

 

 

 

Exxon Mobil Corp

 

12,100 shares

 

**

 

1,118,645

 

 

 

Fastenal Co

 

4,300 shares

 

**

 

204,508

 

 

 

Fidelity National Information Services Inc.

 

14,300 shares

 

**

 

889,460

 

 

 

FirstEnergy Corp

 

10,000 shares

 

**

 

389,900

 

 

 

Flowserve Corp

 

13,900 shares

 

**

 

831,637

 

 

 

General Electric Co

 

33,700 shares

 

**

 

851,599

 

 

 

General Growth Properties Inc.

 

32,100 shares

 

**

 

902,973

 

 

 

General Mills Inc.

 

13,100 shares

 

**

 

698,623

 

 

 

Grainger W W Inc.

 

2,500 shares

 

**

 

637,225

 

 

 

Home Depot Inc.

 

12,000 shares

 

**

 

1,259,640

 

 

 

Illinois Tool Works Inc.

 

12,400 shares

 

**

 

1,174,280

 

 

 

Iron Mountain Inc.

 

9,200 shares

 

**

 

355,672

 

 

 

Johnson & Johnson

 

9,600 shares

 

**

 

1,003,872

 

 

 

Johnson Control Inc.

 

13,400 shares

 

**

 

647,756

 

 

 

JPMorgan Chase & Co

 

28,300 shares

 

**

 

1,771,014

 

 

 

Keysight Technologies Inc.

 

9,850 shares

 

**

 

332,635

 

 

 

Kohls Corp

 

8,200 shares

 

**

 

500,528

 

 

 

L Brands Inc.

 

9,100 shares

 

**

 

787,605

 

 

 

LPL Financial Holdings Inc.

 

6,000 shares

 

**

 

267,300

 

 

(Continued)

 

19



Table of Contents

 

AECOM TECHNOLOGY CORPORATION

RETIREMENT & SAVINGS PLAN

 

EIN#: 61-1088522

PLAN#: 055

FORM 5500, SCHEDULE H, PART IV, LINE 4i

SCHEDULE OF ASSETS (HELD AT END OF YEAR)

DECEMBER 31, 2014

 

(a)

 

(b)
Identity of Issue, Borrower, Lessor, or Similar Party

 

(c)
Description of Investment,
Including Maturity Date,
Rate of Interest,
Collateral, Par or Maturity
Value

 

(d)
Cost

 

(e)
Current Value

 

 

 

 

 

 

 

 

 

 

 

 

 

T. Rowe Price US Dividend Growth Equity Fund (Continued)

 

 

 

 

 

 

 

 

 

Common Stock (Continued)

 

 

 

 

 

 

 

 

 

Marriott Internatioal Inc.

 

4,700 shares

 

**

 

366,741

 

 

 

Mattel Inc.

 

13,800 shares

 

**

 

427,041

 

 

 

McCormick & Co Inc.

 

4,800 shares

 

**

 

356,640

 

 

 

McDonalds Corp

 

4,100 shares

 

**

 

384,170

 

 

 

McGraw Hill Financial Inc.

 

5,200 shares

 

**

 

462,696

 

 

 

McKesson Corp

 

9,300 shares

 

**

 

1,930,494

 

 

 

Medtronic, Inc.

 

5,000 shares

 

**

 

361,000

 

 

 

Merck & Co Inc.

 

26,000 shares

 

**

 

1,476,540

 

 

 

MGM Resorts International

 

17,800 shares

 

**

 

380,564

 

 

 

Microchip Technology Inc.

 

7,500 shares

 

**

 

338,325

 

 

 

Microsoft Corp

 

27,700 shares

 

**

 

1,286,665

 

 

 

Mondelez International Inc.

 

18,700 shares

 

**

 

679,278

 

 

 

Morgan Stanley

 

23,900 shares

 

**

 

927,320

 

 

 

Nike Inc.

 

5,600 shares

 

**

 

538,440

 

 

 

Norfolk Southern Corp

 

5,200 shares

 

**

 

569,972

 

*

 

Northern Trust Corp

 

9,000 shares

 

**

 

606,600

 

 

 

Nucor Corp

 

5,500 shares

 

**

 

269,775

 

 

 

Occidental Petroleum

 

11,000 shares

 

**

 

886,710

 

 

 

Omnicom Group Inc.

 

14,500 shares

 

**

 

1,123,315

 

 

 

Pall Corp

 

14,300 shares

 

**

 

1,447,303

 

 

 

Pepsico Inc.

 

19,300 shares

 

**

 

1,825,008

 

 

 

Pfizer Inc.

 

65,500 shares

 

**

 

2,040,325

 

 

 

Philip Morris International

 

12,300 shares

 

**

 

1,001,835

 

 

 

PNC Financial Services Group

 

11,800 shares

 

**

 

1,076,514

 

 

 

Praxair Inc.

 

8,000 shares

 

**

 

1,036,480

 

 

 

Procter & Gamble

 

3,000 shares

 

**

 

273,270

 

 

 

Qualcomm Inc.

 

7,000 shares

 

**

 

520,310

 

 

 

Rockwell Collins Inc.

 

4,000 shares

 

**

 

337,920

 

 

 

Roper Industries Inc.

 

9,500 shares

 

**

 

1,485,325

 

 

 

Ross Stores Inc.

 

14,400 shares

 

**

 

1,357,344

 

 

 

RPM International Inc.

 

12,900 shares

 

**

 

654,159

 

 

 

Schlumberger Ltd

 

10,200 shares

 

**

 

871,182

 

 

 

Sempra Energy Inc.

 

5,600 shares

 

**

 

623,616

 

 

 

Sherwin-Williams Co

 

4,500 shares

 

**

 

1,183,680

 

 

 

Sigma-Aldrich Corp

 

5,000 shares

 

**

 

686,350

 

 

 

Spectra Energy Corp

 

25,800 shares

 

**

 

936,540

 

 

 

Stanley Black & Decker Inc

 

3,200 shares

 

**

 

307,456

 

 

 

State Street Corp

 

20,900 shares

 

**

 

1,640,650

 

 

(Continued)

 

20



Table of Contents

 

AECOM TECHNOLOGY CORPORATION

RETIREMENT & SAVINGS PLAN

 

EIN#: 61-1088522

PLAN#: 055

FORM 5500, SCHEDULE H, PART IV, LINE 4i

SCHEDULE OF ASSETS (HELD AT END OF YEAR)

DECEMBER 31, 2014

 

(a)

 

(b)
Identity of Issue, Borrower, Lessor, or Similar Party

 

(c)
Description of Investment,
Including Maturity Date,
Rate of Interest,
Collateral, Par or Maturity
Value

 

(d)
Cost

 

(e)
Current Value

 

 

 

 

 

 

 

 

 

 

 

 

 

T. Rowe Price US Dividend Growth Equity Fund (Continued)

 

 

 

 

 

 

 

 

 

Common Stock (Continued)

 

 

 

 

 

 

 

 

 

Stryker Corp

 

9,500 shares

 

**

 

896,135

 

 

 

TD Ameritrade Holding Corp

 

23,998 shares

 

**

 

858,648

 

 

 

Texas Instruments Inc.

 

25,600 shares

 

**

 

1,368,704

 

 

 

Thermo Fisher Corp

 

12,700 shares

 

**

 

1,591,183

 

 

 

Time Warner Cable Inc.

 

3,300 shares

 

**

 

501,798

 

 

 

Time Warner Inc.

 

1,8100 shares

 

**

 

1,546,102

 

 

 

Tractor Supply Co

 

5,600 shares

 

**

 

441,392

 

 

 

United Parcel Services Inc.

 

9,200 shares

 

**

 

1,022,764

 

 

 

United Technologies Corp

 

14,500 shares

 

**

 

1,667,500

 

 

 

UnitedHealth Group Inc.

 

19,600 shares

 

**

 

1,981,364

 

 

 

US Bancorp

 

24,600 shares

 

**

 

1,105,770

 

 

 

Visa Inc.

 

8,100 shares

 

**

 

2,123,820

 

 

 

Waddell & Reed Financial Inc.

 

11,700 shares

 

**

 

582,894

 

 

 

Wal-Mart Stores Inc.

 

3,600 shares

 

**

 

309,168

 

 

 

Walgreens Boots Alliance Inc.

 

12,000 shares

 

**

 

914,400

 

 

 

Walt Disney Co

 

12,500 shares

 

**

 

1,177,375

 

 

 

Wells Fargo & Co

 

31,400 shares

 

**

 

1,721,348

 

 

 

Weyerhaeuser Co

 

2,0100 shares

 

**

 

721,389

 

 

 

Wynn Resorts Ltd

 

3,400 shares

 

**

 

505,784

 

 

 

Xilinx Inc.

 

11,000 shares

 

**

 

476,190

 

 

 

Zoetis Inc.

 

18,500 shares

 

**

 

796,055

 

 

 

Reserve Investment Funds Inc.

 

3,024,457 shares

 

**

 

3,024,457

 

*

 

Northern Trust Company Coltv Short Term Investment Fund

 

641,027 shares

 

**

 

641,027

 

 

 

Total T. Rowe Price US Dividend Growth Equity Fund

 

 

 

 

 

101,496,432

 

*

 

Notes Receivable from participants

 

Maturities ranging from 2015 to 2034 and interest rates ranging from 4.25% to 9.50%

 

 

14,889,388

 

 

 

Total investments

 

 

 

 

 

 

$

1,932,060,055

 

 


*

 

 

Party-in-interest

**

 

 

Cost information not required for participant directed investments

 

21