Ameren Corporation
Savings Investment Plan
Notes to Financial Statements
December 31, 2017 and 2016
No events are probable of occurring that might limit the ability of the Plan to transact at
contract value with the contract issuers and that also would limit the ability of the Plan to transact at contract value with the Participants.
These contracts are evergreen contracts and contain termination provisions, allowing the contract issuer to terminate with notice, at any time
at fair value, and providing for automatic termination of the contract if the contract value or the fair value of the underlying portfolio equals zero. The issuer is obligated to pay the excess contract value when the fair value is below contract
value at the time of termination. In addition, if the Company defaults in its obligations under the contract (including the issuers determination that the agreement constitutes a non-exempt prohibited
transaction as defined under ERISA), and such default is not corrected within the time permitted by the contract, then the contract may be terminated by the issuer and the Plan will receive the fair value as of the date of termination.
5. |
Transactions with
Parties-in-Interest |
Parties-in-interest are defined under Department of Labor regulations as any fiduciary of the Plan, any party rendering service to the Plan, the employer, and certain others.
At December 31, 2017, the Plan held 4,800,695 shares of Company common stock with a cost and fair value of $194,108,887 and
$283,192,998, respectively. During 2017, the Plan purchased 734,900 shares at a cost of $41,768,247 and sold 1,058,963 shares valued at $59,847,989.
At December 31, 2016, the Plan held 5,124,758 shares of Company common stock with a cost and fair value of $193,417,367 and $268,844,805,
respectively. During 2016, the Plan purchased 772,300 shares at a cost of $37,758,809 and sold 899,300 shares valued at $43,880,275.
Dividend income from Company common stock was $8,650,773 and $8,808,189 for the years ended December 31, 2017 and December 31, 2016,
respectively.
At December 31, 2017 and December 31, 2016, the Plan held shares in the Fidelity Institutional Money Market
Government Portfolio. This portfolio is managed by the Trustee, and therefore, qualifies as party-in-interest transactions. Notes receivable from Participants also
reflect party-in-interest transactions.
Fees paid by the
Plan to the Trustee for recordkeeping and trust services were $908,576 and $1,118,005 for the years ended December 31, 2017 and December 31, 2016, respectively.
Fees paid to and investments issued by various Plan investment managers also reflect party-in-interest transactions.
These transactions are allowable
party-in-interest transactions under Section 408(b)(8) of ERISA.
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