A.
|
Full title of the plan and the address of the plan, if different from that of the issuer named below:
|
B.
|
Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:
|
Statements of Net Assets Available for Benefits
|
||||||||
December 31,
|
||||||||
2018
|
2017
|
|||||||
Assets
|
||||||||
Interest bearing cash
|
$
|
1,156
|
$
|
--
|
||||
Investments, at fair value
|
243,653,244
|
271,307,813
|
||||||
Receivables:
|
||||||||
Company contributions
|
153,613
|
158,719
|
||||||
Notes receivable from participants
|
8,689,994
|
8,664,117
|
||||||
Total receivables
|
8,843,607
|
8,822,836
|
||||||
Total assets
|
252,498,007
|
280,130,649
|
||||||
Liabilities
|
||||||||
Excess participant contributions payable
|
38,896
|
109,213
|
||||||
Net assets available for benefits
|
$
|
252,459,111
|
$
|
280,021,436
|
||||
The accompanying notes are an integral part of these financial statements.
|
||||||||
Statement of Changes in Net Assets Available for Benefits | ||||
For the Year Ended December 31, 2018 |
||||
Additions to net assets attributed to:
|
||||
Interest income on notes receivable from participants
|
$
|
450,857
|
||
Contributions:
|
||||
Participants
|
14,755,043
|
|||
Company
|
6,987,047
|
|||
Rollover
|
1,475,230
|
|||
Total contributions
|
23,217,320
|
|||
Total additions
|
23,668,177
|
|||
Deductions from net assets attributed to:
|
||||
Investment income
|
(12,448,150
|
)
|
||
Net depreciation in fair value of investments
|
30,669,247
|
|||
Total investment loss
|
18,221,097
|
|||
Benefits paid to participants
|
32,368,690
|
|||
Administrative expenses
|
640,715
|
|||
Total deductions
|
51,230,502
|
|||
Net decrease
|
(27,562,325
|
)
|
||
Net assets available for benefits:
|
||||
Beginning of year
|
280,021,436
|
|||
End of year
|
$
|
252,459,111
|
||
The accompanying notes are an integral part of this financial statement.
|
||||
•
|
quoted prices for similar assets and liabilities in active markets
|
•
|
quoted prices for identical or similar assets or liabilities in markets that are not active
|
•
|
observable inputs other than quoted prices that are used in the valuation of the asset or liabilities (e.g.,
interest rate and yield curve quotes at commonly quoted intervals)
|
•
|
inputs that are derived principally from or corroborated by observable market data by correlation or other
means
|
Level 1
|
Total
|
|||||||
Mutual funds
|
$
|
206,867,935
|
$
|
206,867,935
|
||||
Company common stock
|
3,367,497
|
3,367,497
|
||||||
Total investments in hierarchy
|
$
|
210,235,432
|
210,235,432
|
|||||
Stable value fund (a)
|
33,417,812
|
|||||||
Total Investments, at fair value
|
$
|
243,653,244
|
Level 1
|
Total
|
|||||||
Mutual funds
|
$
|
230,205,365
|
$
|
230,205,365
|
||||
Company common stock
|
7,100,983
|
7,100,983
|
||||||
Total investments in hierarchy
|
$
|
237,306,348
|
237,306,348
|
|||||
Stable value fund (a)
|
34,001,465
|
|||||||
Total Investments, at fair value
|
$
|
271,307,813
|
Description
|
Fair Value
12/31/2018
|
Fair Value
12/31/2017
|
Unfunded
Commitments
|
Redemption
Frequency
(if currently eligible)
|
Redemption
Notice
Period
|
||||||||||
Stable value fund
|
$
|
33,417,812
|
$
|
34,001,465
|
N/A
|
Daily
|
30 Days
|
December 31
|
||||||||
2018
|
2017
|
|||||||
Net assets available for benefits per financial
|
||||||||
statements
|
$
|
252,459,111
|
$
|
280,021,436
|
||||
Deemed loans not reported on Form 5500
|
(464,798
|
)
|
(359,400
|
)
|
||||
Net assets available for benefits per Form 5500
|
$
|
251,994,313
|
$
|
279,662,036
|
Year Ended
December 31, 2018
|
||||
Net decrease in net assets available for benefits per financial
statement
|
$
|
(27,562,325
|
)
|
|
Less: deemed loans not reported on Form 5500 at December 31, 2018
|
(464,798
|
)
|
||
Plus: deemed loans not reported on Form 5500 at December 31, 2017
|
359,400
|
|||
Net decrease in net assets available for benefit per Form 5500
|
$
|
(27,667,723
|
)
|
(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
|
(e)
Current
Value |
|||
iShares Russell 2000
|
Small Capital Index Institutional
|
$ |
3,609,800
|
|||
Columbia
|
Strategic Income
|
497,175
|
||||
Fidelity
|
Mid Cap Index
|
6,667,102
|
||||
J.P. Morgan
|
Smart Retirement 2020 Fund
|
15,193,271
|
||||
J.P. Morgan
|
Smart Retirement 2025 Fund
|
8,209,080
|
||||
J.P. Morgan
|
Smart Retirement 2030 Fund
|
19,445,496
|
||||
J.P. Morgan
|
Smart Retirement 2035 Fund
|
6,365,484
|
||||
J.P. Morgan
|
Smart Retirement 2040 Fund
|
12,487,925
|
||||
J.P. Morgan
|
Smart Retirement 2045 Fund
|
3,636,821
|
||||
J.P. Morgan
|
Smart Retirement 2050 Fund
|
4,382,519
|
||||
J.P. Morgan
|
Smart Retirement 2055 Fund
|
3,551,633
|
||||
J.P. Morgan
|
Smart Retirement 2060 Fund
|
935,544
|
||||
J.P. Morgan
|
Smart Retirement Income Fund
|
7,995,009
|
||||
J.P. Morgan
|
Intrepid Growth Fund
|
29,650,913
|
||||
J.P. Morgan
|
Equity Index Fund
|
34,757,977
|
||||
J.P. Morgan
|
Equity Income Fund
|
11,862,717
|
||||
Lord Abbett
|
High Yield Bond Fund
|
1,211,682
|
||||
Mass Mutual
|
Select Mid Cap Growth Fund
|
6,312,569
|
||||
Pioneer
|
Pioneer Bond-K
|
1,433,363
|
||||
Principal
|
MidCap Value Fund III Institutional Class
|
139,331
|
||||
Prudential
|
Stable Value Fund
|
33,417,812
|
||||
Prudential
|
Jennison Small Company Z
|
379,274
|
||||
Putnam
|
International Equity Fund
|
5,794,577
|
||||
Putnam
|
Small Capital Value
|
4,056,213
|
||||
PIMCO
|
Total Return Institutional Bond Fund
|
1,447,363
|
||||
Schwab
|
Brokerage accounts
|
841,171
|
||||
TIAA-CREF
|
International Equity Index Fund
|
16,003,926
|
||||
*
|
Astec Industries, Inc.
|
Common stock
|
3,367,497
|
|||
*
|
Participant loans
|
Interest rates ranging from 4.25%-10.50%, maturity varies through 2038
|
8,689,994
|
|||
Total assets held for investments
|
$ |
252,343,238
|
* |
Represents a party-in-interest to the Plan.
|
Exhibit No.
|
|
Description
|
|
23.1
|
|
Consent of Independent Registered Public Accounting Firm
|
|