For the transition period from
|
to
|
Commission file number
|
1-11507
|
Page No.
|
|
Reports of Independent Registered Public Accounting Firms
|
1-2
|
Statements of Net Assets Available for Benefits
|
|
as of December 31, 2019 and 2018
|
3
|
Statement of Changes in Net Assets Available for
|
|
Benefits for the Year Ended December 31, 2019
|
4
|
Notes to Financial Statements
|
5-10
|
Supplemental Schedule:*
|
|
Schedule H, Line 4i - Schedule of Assets (Held at End of Year),
|
|
as of December 31, 2019
|
11
|
* All other schedules required by Section 2520.103-10 of the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974 have been omitted because they are not
applicable. Schedule required by Form 5500. Those that are not applicable are not included.
|
|
Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974 have been omitted because they are not applicable.
|
|
1974 have been omitted because they are not applicable.
|
|
Signature
|
12
|
Exhibit:
|
|
23 Consent of Independent Registered Public Accounting Firm
|
13
|
24 Consent of Prior Auditors
|
14
|
Assets:
|
2019
|
2018
|
||||||
Investments at fair value (note 3):
|
||||||||
Mutual funds
|
$
|
490,314,152
|
$
|
389,128,710
|
||||
Wiley stock fund
|
-
|
7,699,689
|
||||||
Investments at fair value
|
490,314,152
|
396,828,399
|
||||||
Notes receivable from participants
|
3,461,670
|
3,213,904
|
||||||
Employer contributions receivable
|
111,620
|
124,697
|
||||||
Net assets available for benefits
|
$
|
493,887,442
|
$
|
400,167,000
|
Changes to net assets attributed to:
|
||||
Net appreciation in fair value of investments
|
$
|
75,751,023
|
||
Interest and dividend income
|
16,423,051
|
|||
Net investment income
|
92,174,074
|
|||
Interest on notes receivable from participants
|
148,718
|
|||
Contributions:
|
||||
Participant
|
18,161,107
|
|||
Rollover
|
4,172,671
|
|||
Employer
|
9,469,922
|
|||
Total contributions
|
31,803,700
|
|||
Distributions to participants
|
(30,279,615
|
)
|
||
Administrative expenses
|
(126,435
|
)
|
||
Net increase
|
93,720,442
|
|||
Net assets available for benefits, beginning of year
|
400,167,000
|
|||
Net assets available for benefits, end of year
|
$
|
493,887,442
|
(1)
|
Description of the Plan
|
(a)
|
General
|
(b)
|
Administration
|
(c)
|
Eligibility and Vesting
|
(d)
|
Contributions
|
(e)
|
Forfeitures
|
(f)
|
Investment of Contributions
|
(g)
|
Payment of Benefits
|
(h)
|
Participant Accounts
|
(i)
|
Termination of Employment
|
(j)
|
Notes Receivable from Participants
|
(2)
|
Summary of Significant Accounting Policies
|
(a)
|
Method of Accounting
|
(b)
|
Use of Estimates
|
(c)
|
Investment Valuation and Income Recognition
|
(d)
|
Payment of Benefits
|
(e)
|
Recent Accounting Pronouncements
|
(3)
|
Fair Value Measurements
|
Level 1 |
Inputs to the valuation methodology are unadjusted quoted prices for identical assets or liabilities in active markets that the Plan has the ability to access.
|
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.
|
Level 3 |
Inputs to the valuation methodology are unobservable and significant to the fair value measurement.
|
Assets at Fair Value as of December 31, 2019
|
||||||||||||||||
Level 1
|
Level 2
|
Level 3
|
Total
|
|||||||||||||
Mutual funds
|
$
|
490,314,152
|
-
|
-
|
$
|
490,314,152
|
||||||||||
Total investments at fair value
|
$
|
490,314,152
|
-
|
-
|
$
|
490,314,152
|
Assets at Fair Value as of December 31, 2018
|
||||||||||||||||
Level 1
|
Level 2
|
Level 3
|
Total
|
|||||||||||||
Mutual funds
|
$
|
389,128,710
|
-
|
-
|
$
|
389,128,710
|
||||||||||
Wiley stock fund
|
7,699,689
|
-
|
-
|
7,699,689
|
||||||||||||
Total investments at fair value
|
$
|
396,828,399
|
-
|
-
|
$
|
396,828,399
|
(4)
|
Tax Status
|
(5)
|
Plan Termination
|
(6)
|
Risk and Uncertainties
|
(7)
|
Related Party Transactions
|
(8)
|
Subsequent Events
|
Identity of Issuer
|
Description of Investment
|
Shares/Units
|
Current Value
|
|||||||||
Vanguard Institutional Index Fund
|
Registered Investment Company
|
267,539
|
$
|
77,647,825
|
||||||||
*
|
Vanguard Wellington Fund
|
Registered Investment Company
|
675,467
|
50,599,219
|
||||||||
*
|
Vanguard Target Retirement 2045 Fund
|
Registered Investment Company
|
1,269,471
|
33,234,742
|
||||||||
*
|
Vanguard Total Bond Market Index Fund
|
Registered Investment Company
|
2,858,467
|
31,586,065
|
||||||||
*
|
Vanguard Target Retirement 2035 Fund
|
Registered Investment Company
|
1,225,247
|
31,243,810
|
||||||||
*
|
Vanguard Mid-Cap Index Fund
|
Registered Investment Company
|
606,360
|
29,554,006
|
||||||||
*
|
Vanguard Explorer Fund
|
Registered Investment Company
|
259,346
|
25,211,054
|
||||||||
*
|
Vanguard Target Retirement 2040 Fund
|
Registered Investment Company
|
851,180
|
22,028,539
|
||||||||
*
|
Vanguard Target Retirement 2030 Fund
|
Registered Investment Company
|
865,705
|
21,746,520
|
||||||||
*
|
Vanguard International Growth Fund
|
Registered Investment Company
|
207,975
|
21,377,775
|
||||||||
*
|
Vanguard Target Retirement 2025 Fund
|
Registered Investment Company
|
856,768
|
21,187,883
|
||||||||
*
|
Vanguard Federal Money Market Fund
|
Registered Investment Company
|
20,369,882
|
20,369,882
|
||||||||
*
|
Vanguard Target Retirement 2050 Fund
|
Registered Investment Company
|
687,300
|
18,020,998
|
||||||||
*
|
Vanguard U.S. Growth Fund Admiral
|
Registered Investment Company
|
154,798
|
17,246,093
|
||||||||
*
|
Vanguard Windsor II Fund
|
Registered Investment Company
|
260,846
|
16,850,626
|
||||||||
*
|
Vanguard Total International Stock Index Fund
|
Registered Investment Company
|
121,169
|
14,476,074
|
||||||||
*
|
Vanguard Target Retirement 2020 Fund
|
Registered Investment Company
|
566,887
|
13,667,640
|
||||||||
*
|
Vanguard Target Retirement 2055 Fund
|
Registered Investment Company
|
289,601
|
7,622,291
|
||||||||
*
|
Vanguard Small-Cap Index Fund
|
Registered Investment Company
|
75,635
|
6,003,152
|
||||||||
*
|
Vanguard Target Retirement Income Fund
|
Registered Investment Company
|
176,136
|
3,984,190
|
||||||||
*
|
Vanguard Target Retirement 2015 Fund
|
Registered Investment Company
|
163,227
|
3,752,582
|
||||||||
Metropolitan West Total Return Bond Fund
|
Registered Investment Company
|
147,610
|
1,518,911
|
|||||||||
*
|
Vanguard Target Retirement 2060 Fund
|
Registered Investment Company
|
52,253
|
1,377,383
|
||||||||
*
|
Vanguard Target Retirement 2065 Fund
|
Registered Investment Company
|
286
|
6,892
|
||||||||
Total Mutual Funds
|
490,314,152
|
|||||||||||
*
|
Notes receivable from participants
|
350 Loans to participants with interest rates from 3.25% to 6.5% and maturity dates from 2020 to 2042
|
3,461,670
|
|||||||||
Total
|
$
|
493,775,822
|
John Wiley & Sons, Inc.
|
||
Employees’ Savings Plan
|
||
(Registrant)
|
||
By:
|
/s/ Kevin Monaco
|
|
Kevin Monaco
|
||
Senior Vice President and Treasurer
|
||
Benefits Administration Board Member
|
||
Dated: June 29, 2020
|