11-K 1 d947866d11k.htm 11-K 11-K
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

 

FORM 11-K

 

 

FOR ANNUAL REPORTS OF EMPLOYEE STOCK PURCHASE, SAVINGS

AND SIMILAR PLANS PURSUANT TO SECTION 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

(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

 

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

For the transition period from                      to                     

Commission File No.: 333-74483

 

 

 

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

Willis 401(k) Retirement Savings Plan

 

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

Willis North America Inc.

Attn: Matthew Furman

200 Liberty Street

New York, NY 10281-1003

(212) 915-8888

 

 

 

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Willis 401(k) Retirement

Savings Plan

Employer ID No: 13-5654526

Plan Number: 003

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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WILLIS 401(k) 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 as of December 31, 2014 and 2013, and for the Year Ended December  31, 2014

      4–12   

SUPPLEMENTAL SCHEDULE AS OF DECEMBER 31, 2014:

     13   

Form 5500, Schedule H, Part IV, Line 4i — Schedule of Assets (Held at End of Year)

      14–28   

 

NOTE: 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.

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LOGO     

Deloitte & Touche LLP

424 Church Street

Suite 2400

Nashville, TN 37219

USA

 

Tel: 615 259 1800

www.deloitte.com

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Trustees and Participants of

Willis 401(k) Retirement Savings Plan

Nashville, Tennessee

We have audited the accompanying statements of net assets available for benefits of the Willis 401(k) 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 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. The Plan is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Plan’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, 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, such financial statements 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 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 schedule is the responsibility of the Plan’s management. Our audit procedures included determining whether the supplemental schedule 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 schedule. In forming our opinion on the supplemental schedule, we evaluated whether the supplemental schedule, including its form and content, is presented in compliance 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, such schedule is fairly stated, in all material respects, in relation to the financial statements as a whole.

 

LOGO

Nashville, TN

June 26, 2015

 

Member of

Deloitte Touche Tohmatsu Limited

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WILLIS 401(k) RETIREMENT SAVINGS PLAN

STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS

AS OF DECEMBER 31, 2014 AND 2013

 

 

     2014     2013  

ASSETS:

     

Participant-directed investments — at fair value

    $ 828,834,064      $ 783,083,857   
  

 

 

    

 

 

  

Total investments

   828,834,064      783,083,857   
  

 

 

    

 

 

  

Receivables:

Notes receivable from participants

   9,135,460      8,824,628   

Contributions receivable from employer

   14,696,640      14,408,250   

Contributions receivable from participants

   1,112,913      1,089,114   
  

 

 

    

 

 

  

Total receivables

   24,945,013      24,321,992   
  

 

 

    

 

 

  

NET ASSETS REFLECTING ALL INVESTMENTS AT FAIR VALUE

   853,779,077      807,405,849   

ADJUSTMENT FROM FAIR VALUE TO CONTRACT VALUE FOR FULLY BENEFIT-RESPONSIVE STABLE VALUE FUNDS

   (13,700,515 )    (13,823,365 ) 
  

 

 

    

 

 

  

NET ASSETS AVAILABLE FOR BENEFITS

 $ 840,078,562    $ 793,582,484   
  

 

 

    

 

 

  

See notes to financial statements.

 

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WILLIS 401(k) RETIREMENT SAVINGS PLAN

STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS

FOR THE YEAR ENDED DECEMBER 31, 2014

 

 

ADDITIONS:

Contributions:

Participant contributions

 $ 44,468,051   

Rollover contributions

   8,249,645   

Employer contributions

   14,699,565   
  

 

 

  

Total contributions

   67,417,261   
  

 

 

  

Investment income:

Net appreciation in fair value of investments

   29,900,046   

Dividends

   15,111,871   

Interest

   4,525,335   
  

 

 

  

Net investment income

   49,537,252   
  

 

 

  

Interest income on notes receivable from participants

   367,302   
  

 

 

  

DEDUCTIONS:

Benefits paid to participants

   (70,231,262 ) 

Administrative expenses

   (594,475 ) 
  

 

 

  

Total deductions

   (70,825,737 ) 
  

 

 

  

INCREASE IN NET ASSETS

   46,496,078   
  

 

 

  

NET ASSETS AVAILABLE FOR BENEFITS:

Beginning of year

   793,582,484   
  

 

 

  

End of year

 $ 840,078,562   
  

 

 

  

See notes to financial statements.

 

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WILLIS 401(k) RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

AS OF DECEMBER 31, 2014 AND 2013, AND FOR THE YEAR ENDED DECEMBER 31, 2014

 

 

1. DESCRIPTION OF THE PLAN

The following description of the Willis 401(k) Retirement Savings Plan (the “Plan”) provides only general information. Participants should refer to the Plan agreement for a complete description of the Plan’s provisions.

General — The Plan is a defined contribution plan sponsored by Willis North America Inc. (the “Company” or “Employer”), a subsidiary of Willis Group Holdings plc, and covers all eligible employees of the Company and its subsidiaries. The Benefits Committee of the Board of Directors of the Company controls and manages the operation and administration of the Plan. State Street Bank and Trust serves as the trustee of the Plan and Transamerica Retirement Solutions serves as the record keeper. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974 (ERISA).

Contributions — Full-time and part-time employees of the Company are eligible to participate in the Plan. Newly hired employees are automatically enrolled in the Plan after 60 days of service with a 3% pre-tax contribution rate of eligible compensation. Participants may elect to contribute between 1% and 99% of their eligible compensation as pretax and/or Roth 401(k) contributions, subject to Internal Revenue Service (IRS) limits. Eligible compensation consists of the participant’s base pay plus commissions and production incentives received during the calendar year.

After a year of service, participants are eligible for a 100% match of employee contributions made by the Company up to a maximum of 3% of the employee’s annual eligible compensation. The match is subject to certain Internal Revenue Code (IRC) limitations. The Company match is discretionary, calculated annually and automatically invested per the participant’s investment elections.

Participant Accounts — Individual accounts are maintained for each Plan participant. Each participant’s account is credited with the participant’s contribution, the Company’s match, and Plan earnings, and charged with withdrawals, an allocation of Plan losses, and administrative expenses. Allocations are based on participant earnings or account balances, as defined. The benefit to which a participant is entitled is the benefit that can be provided from the participant’s vested account.

Investments — Participants direct the investment of their contributions and Employer matching contributions into various investment options offered by the Plan. The Plan currently offers a variety of mutual funds, Willis Group Holdings plc common stock, and stable value funds as investment options for participants.

The Willis Stable Value Fund and Transamerica Financial Life Insurance Company (TFLIC) Stable 5 Fund are fully benefit-responsive and are invested in separate group annuity insurance contracts with TFLIC. In addition, participants have the option of transferring amounts from the above Plan offered funds into a self-directed brokerage account.

Vesting — Participants are vested immediately in their contributions, plus actual earnings thereon. Employer contributions and earnings thereon are 25% vested after two years of service, 50% after three years, 75% after four years, and fully vested after five years of service with the Company, or a predecessor company, or as soon as the employee reaches the age of 65, dies, or becomes disabled, whichever occurs first.

 

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Notes Receivable from Participants — Participants may borrow from their fund accounts up to a maximum of $50,000 or 50% of their account balance, whichever is less. The loans are secured by an assignment of a participant’s vested interest in the Plan, and bear interest at rates commensurate with local prevailing rates at the time funds are borrowed, as determined quarterly by the Plan administrator. Principal and interest is paid ratably through payroll deductions. Participant loans are classified as notes receivable and measured at the unpaid principal balance plus accrued but unpaid interest.

Payment of Benefits — On termination of service with the Company (including termination of service due to death, disability, or retirement), a participant may generally elect to receive either a lump-sum amount equal to the value of the participant’s vested interest in his or her account, or annual installments.

Participants are also eligible to make hardship withdrawals from their deferred contributions in the event of certain financial hardships. Following a financial hardship withdrawal, participants are not allowed to contribute to the Plan for a period of six months.

Forfeited Accounts — When participants terminate employment with the Company, the non-vested portion of the participant’s account as defined by the Plan, represents a forfeiture. The plan document permits the use of forfeitures to either reduce future employer contributions or plan administrative expenses for the year. During the years ended December 31, 2014 and 2013, non-vested forfeiture amounts were $446,669 and $271,714, respectively, all of which were used to offset employer contributions.

Plan Termination — Although the Company has not expressed any intent to terminate the Plan, it may cease making contributions or terminate the Plan, at any time, subject to the provisions of ERISA. Upon full or partial termination of the Plan, the balance in each participant’s or retired participant’s accounts becomes nonforfeitable and each participant, retired participant, or beneficiary is entitled to receive any amounts then credited to his/her accounts in the trust, provided that the Company may elect to continue the trust and make payments therefrom, pursuant to the terms of the Plan.

 

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Accounting — The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP).

Investment Valuation and Income Recognition — The Plan’s investments are stated at fair value. Fair value of a financial instrument is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. See Note 7 for discussion on fair value measurements.

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 that is attributable to fully benefit-responsive investment contracts. Contract value is the amount Plan participants would receive if they were to initiate permitted transactions under the terms of the Plan. The statement of net assets available for benefits presents the fair value of the investment contracts as well as the adjustment of the fully benefit-responsive investment contracts from fair value to contract value. The statement of changes in net assets available for benefits is prepared using the contract value basis.

 

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Purchases and sales of securities are recorded on a trade-date basis. Interest income is recorded on the accrual basis. Dividends are recorded on the ex-dividend date. Net appreciation includes the Plan’s gains and losses on investments bought and sold as well as held during the year.

Management fees and operating expenses charged to the Plan for investments in the mutual funds and guaranteed investment contracts are deducted from income earned on a daily basis and are not separately reflected. Consequently, management fees and operating expenses are reflected as a reduction of investment return for such investments.

Use of Estimates — The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and changes therein and disclosure of contingent assets and liabilities. Actual results could differ from those estimates.

Risks and Uncertainties — The Plan provides various investment instruments, including common stock, mutual funds, and stable value funds. Investment securities, in general, are exposed to various risks, such as interest rate risk, credit risk, and overall market volatility. Due to the level of risk associated with certain investment securities, it is reasonably possible that changes in the values of investment securities will occur in the near term and that such change could materially affect the value of the participant’s account balances and the amounts reported in the financial statements.

Notes Receivable from Participants — Notes receivable from participants are measured at their unpaid principal balance plus any accrued but unpaid interest. Delinquent participant loans are recorded as distributions based on the terms of the Plan document.

Administrative Expenses — Administrative expenses of the Plan are paid by the participants and the Plan as provided in the Plan document. The record keeper is compensated to administer the Plan through net fees of 0.12% withdrawn from participants’ accounts for selecting certain investment options. Prior to September 1, 2014, the record keeper was compensated through net fees of 0.13%. The Plan may additionally use funds allocated to the Expense Budget Account (EBA) to pay administrative expenses approved by the Employer or can be allocated to participants at the end of the year, at the direction of the Employer. The EBA is a plan level unallocated account that can be credited when fees withdrawn from participants’ accounts are in excess of 0.12% and/or other amounts withdrawn from participants’ accounts. Prior to September 1, 2014, the EBA could be credited when fees withdrawn from participants’ accounts were in excess of 0.13%. The EBA is also funded based on a plan service fee of 0.02%.

Payment of Benefits — Benefit payments to participants are recorded upon distribution. All distribution payments are processed the same day, therefore, at December 31, 2014 and 2013 there were no amounts allocated to accounts of persons who have elected to withdraw from the Plan, but have not yet been paid.

Excess Contributions Payable — The Plan is required to return contributions received during the Plan year in excess of the IRC limits. There were no excess contributions payable at December 31, 2014 and 2013.

New Accounting Standards — In May 2015, the Financial Accounting Standards Board issued Accounting Standards Update (ASU) No. 2015-07, Disclosure for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent), Fair Value Measurement (Topic 820). ASU 2015-07 requires the categorization by level for items that are only required to be disclosed at fair value and information about transfers between Level 1 and Level 2. In addition, the ASU impacts reporting entities that measure an investment’s fair value using the net asset value per share (or an equivalent) practical

 

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expedient. The amendments in ASU No. 2015-07 eliminate the requirement to classify the investment within the fair value hierarchy. In addition, the requirement to make specific disclosures for all investments eligible to be assessed at fair value with the net asset value per share practical expedient has been removed. Instead, such disclosures are restricted only to investments that the entity has decided to measure using the practical expedient. The new guidance is effective for public entities reporting periods beginning after December 15, 2015 and early adoption is permitted. The ASU is to be applied retrospectively in all periods presented in an entity’s financial statements. The Plan did not early adopt this guidance as of year-end. The adoption will not have a material effect on the Plan’s statements of net assets available for benefits or statement of changes in net assets available for benefits. Plan management is assessing the impact on the disclosures in the financial statements.

 

3. INVESTMENTS

Individual investments that represent greater than 5% of the Plan’s net assets available for benefits are as follows:

 

As of December 31, 2014:

Willis Stable Value Fund (at contract value)

 $ 120,997,626   

Vanguard Institutional Index l

   73,311,124   

Metropolitan West Total Return Bond Plan

   69,858,731   

TRowe America Growth Fund

   59,993,721   

American Funds Fundamental Investment Fund

   54,953,752   

American Funds Income Fund

   53,937,166   

American Funds Europacific

   44,712,638   

JPMorgan US Equity Institutional Fund

   43,086,277   

As of December 31, 2013:

Willis Stable Value Fund (at contract value)

 $ 117,407,314   

Pimco Total Return Fund

   68,880,232   

Transamerica Partners Institutional Stock Index Fund

   67,334,207   

TRowe America Growth Fund

   56,891,806   

American Funds Income Fund

   49,527,546   

American Funds Fundamental Investment Fund

   53,302,126   

American Funds Europacific

   45,742,855   

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 as follows:

 

Mutual funds

 $ 29,407,616   

Common stock

   491,998   

Money market funds and other financial assets

   432   
  

 

 

  

Net appreciation in fair value of investments

 $ 29,900,046   
  

 

 

  

 

4. FULLY BENEFIT-RESPONSIVE INVESTMENT CONTRACTS

The Plan has two fully benefit-responsive investment contracts with TFLIC. TFLIC maintains the contributions in a non-pooled separate account (Willis Stable Value Fund) and a pooled separate account (TFLIC Stable 5 Fund), which are credited with earnings on the underlying investments and charged for participant withdrawals and administrative expenses. The contracts are included in the financial statements at fair value and then adjusted to contract value. Contract value represents contributions made under the contract, plus earnings, less participant withdrawals and administrative expenses. Participants may ordinarily direct the withdrawal or transfer of all or a portion of their investment at contract value.

 

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The contracts have certain restrictions that affect the ability to collect the full contract value, for example, the Plan may not withdraw more than 20% of the beginning of the year balance of the contract without incurring a penalty. Plan management believes that the occurrence of events that would cause the Plan to transact at less than contract value is not probable. TFLIC may not terminate the contracts at any amount less than contract value.

TFLIC is contractually obligated to pay the principal and specified interest rate that is guaranteed to the Plan. The crediting interest rate is based on a formula agreed upon with TFLIC, but may not be less than 0%. Such interest rates are reviewed for resetting on a quarterly basis for the Willis Stable Value Fund and on an annual basis for the TFLIC Stable 5 Fund. The crediting rate of the contract will track current market yields on a trailing basis.

 

     2014     2013  

Willis Stable Value Fund average yields:

     

Based on annualized earnings (1)

      3.15 %      3.73 % 

Based on interest rate credited to participants (2)

      2.20        2.70   

TFLIC Stable 5 Fund average yields:

     

Based on annualized earnings (1)

      7.16 %      4.58 % 

Based on interest rate credited to participants (2)

      4.44        4.44   

 

(1) Computed by dividing the annualized actual earnings of the contract on the last day of the Plan year by the fair value of the investments on the same date.
(2) Computed by dividing the annualized earnings credited to participants on the last day of the Plan year by the fair value of the investments on the same date.

 

5. FEDERAL INCOME TAX STATUS

The IRS has determined and informed the Company by a letter dated March 13, 2013, that the Plan and related trust were designed in accordance with the applicable regulations of the IRC. The Company and Plan management believe that the Plan is currently designed and operated in compliance with the applicable requirements of the IRC, and the Plan and related trust continue to be tax-exempt. Therefore, no provision for income taxes has been included in the Plan’s financial statements.

GAAP requires 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 a liability (or asset) or disclosure in the financial statements. The Plan is subject to routine audits by taxing jurisdictions. The Plan administrator believes it is no longer subject to income tax examinations for years prior to December 31, 2010.

 

6. EXEMPT PARTY-IN-INTEREST TRANSACTIONS

Transactions with parties-in-interest include investments in shares of Willis Group Holdings plc common stock, contributions from the Company, investments in certain funds managed by the recordkeeper of the Plan, and the investment contracts managed by TFLIC; therefore, these transactions qualify as exempt party-in-interest transactions. Administrative expenses of the Plan not borne by participants are paid by the Company. Such amounts paid by the Company in 2014 and 2013 were not significant.

 

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At December 31, 2014 and 2013, the Plan held 446,024 and 483,775 shares, respectively, of common stock of Willis Group Holdings plc, with a fair value of $19,986,356 and $21,677,953, respectively.

 

7. FAIR VALUE MEASUREMENTS

Accounting Standard Codification (ASC) 820, Fair Value Measurements and Disclosures, provides a framework for measuring fair value. That framework provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value, as follows: Level 1, which refers to securities valued using unadjusted quoted prices from active markets for identical assets; Level 2, which refers to securities not traded on an active market but for which observable market inputs are readily available; and Level 3, which refers to securities valued based on significant unobservable inputs. Assets are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. The Plan’s policy is to recognize significant transfers between levels at the end of the reporting period.

Asset Valuation Techniques — Valuation technologies maximize the use of relevant observable inputs and minimize the use of unobservable inputs. The following is a description of the valuation methodologies used for assets measured at fair value. There have been no changes in the methodologies used at December 31, 2014 and 2013.

Mutual Funds — Valued at the daily closing price as reported by the fund. These funds are required to publish their daily net asset value and to transact at that price. The mutual funds held by the Plan are deemed to be actively traded.

Common Stocks and Exchange-Traded Funds — Valued at the closing price reported on the active market on which the individual securities are traded.

Guaranteed Investment Contracts — Valued at the net asset value of units of a bank collective trust. The net asset value as provided by the trustee, is used as a practical expedient to estimate fair value. The net asset value is based on the fair value of the underlying investments held by the fund less its liabilities.

Money Market Funds — Valued at amortized cost, which approximates fair value.

 

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The following tables set forth by level, within the fair value hierarchy, a summary of the Plan’s investments measured at fair value on a recurring basis as of December 31, 2014, and December 31, 2013:

 

     Assets at Fair Value as of December 31, 2014  
     Active Markets      Other      Significant         
     for Identical      Observable      Unobservable         
     Assets (Level 1)      Inputs (Level 2)      Inputs (Level 3)      Total  

Mutual Funds:

            

Large Cap Stocks:

            

Domestic

    $ 320,839,870       $ —         $ —         $ 320,839,870   

International

      51,478,378         —           —           51,478,378   

Mid/Small Cap Stocks

      108,164,532         —           —           108,164,532   

Retirement Funds

      47,041,003         —           —           47,041,003   

Bonds:

            

Investment Grade

      70,587,775         —           —           70,587,775   

High Yield

      19,562,327         —           —           19,562,327   

Various Diversified Funds

      5,973,874         —           —           5,973,874   

Common Stock — Willis

            

Group Holdings plc

      19,986,356         —           —           19,986,356   

Other Common Stocks and

            

Exchange-Traded Funds

      13,577,523         —           —           13,577,523   

Guaranteed Investment

            

Contracts

      —           165,610,397         —           165,610,397   

Money Market Funds

      —           4,770,364         —           4,770,364   

Other Financial Assets

      1,241,665         —           —           1,241,665   
  

 

 

     

 

 

     

 

 

     

 

 

  

Total Assets at Fair Value

 $ 658,453,303    $ 170,380,761    $ —      $ 828,834,064   
  

 

 

     

 

 

     

 

 

     

 

 

  

 

     Assets at Fair Value as of December 31, 2013  
     Active Markets      Other      Significant         
     for Identical      Observable      Unobservable         
     Assets (Level 1)      Inputs (Level 2)      Inputs (Level 3)      Total  

Mutual Funds:

            

Large Cap Stocks:

            

Domestic

    $ 296,719,964       $ —         $ —         $ 296,719,964   

International

      51,245,681         —           —           51,245,681   

Mid/Small Cap Stocks

      104,370,208         —           —           104,370,208   

Retirement Funds

      32,544,624         —           —           32,544,624   

Bonds:

            

Investment Grade

      68,880,232         —           —           68,880,232   

High Yield

      17,482,283         —           —           17,482,283   

Various Diversified Funds

      7,365,011         —           —           7,365,011   

Common Stock — Willis

            

Group Holdings plc

      21,677,953         —           —           21,677,953   

Other Common Stocks and

            

Exchange-Traded Funds

      12,609,854         —           —           12,609,854   

Guaranteed Investment

            

Contracts

      —           163,969,779         —           163,969,779   

Money Market Funds

      —           5,332,175         —           5,332,175   

Other Financial Assets

      886,093         —           —           886,093   
  

 

 

     

 

 

     

 

 

     

 

 

  

Total Assets at Fair Value

 $ 613,781,903    $ 169,301,954    $ —      $ 783,083,857   
  

 

 

     

 

 

     

 

 

     

 

 

  

 

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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 or 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.

For the years ended, December 31, 2014 and 2013, there were no transfers between levels.

 

8. NET ASSET VALUE (NAV) PER SHARE

The following tables set forth a summary of the Plan’s investments with a reported NAV at December 31, 2014 and 2013.

 

     Fair Value Estimated Using Net Asset Value per Share
December 31, 2014
Investment    Fair Value *      Unfunded
Commitment		    Redemption
Frequency		    Other
Redemption
Restrictions		   Redemption
Notice
Period

Guaranteed Investment

              

Contracts:

              

Willis Stable Value Fund (a)

    $ 126,453,848          Immediate    (c)   None

TFLIC Stable 5 Fund (b)

      39,156,549          90 days    (c)   None
  

 

 

             

Total

 $ 165,610,397   
  

 

 

             
     Fair Value Estimated Using Net Asset Value per Share
December 31, 2013
Investment    Fair Value *      Unfunded
Commitment		    Redemption
Frequency		    Other
Redemption
Restrictions		   Redemption
Notice
Period

Guaranteed Investment

              

Contracts:

              

Willis Stable Value Fund (a)

    $ 123,300,992          Immediate    (c)   None

TFLIC Stable 5 Fund (b)

      40,668,787          90 days    (c)   None
  

 

 

             

Total

 $ 163,969,779   
  

 

 

             

 

* The fair values of the investments have been estimated using the net asset value of the investment.
(a) The Willis Stable Value Fund is a non-pooled guaranteed separate account of TFLIC which invests in a diverse pool of high quality fixed-income instruments and is offered through a group annuity contract. Each calendar quarter, a guaranteed interest rate will be declared, which will apply to all money in the fund. Plan benefits allowed by the plan are not subject to withdrawal restrictions or charges. The interest rate is declared quarterly and applies to both existing assets and new deposits made in that calendar quarter. Both principal and interest are guaranteed by TFLIC.
(b) TFLIC Stable 5 Fund is a guaranteed separate account through a group annuity contract issued by TFLIC. The investment option provides for a guarantee of principal and interest. Contributions allocated to this investment option will be credited interest at a guaranteed interest rate. Guarantees are supported by the actively managed guaranteed separate account of TFLIC, but participants do not participate in the investment experience or performance of the guaranteed separate account.
(c) The Plan may not withdraw more than 20% of the beginning of the year balance of the contract without incurring a penalty.

 

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Table of Contents
9. SUBSEQUENT EVENTS

Subsequent events were evaluated through the date of the financial statement issuance. Based on this review, no significant event occurred that requires disclosure.

*  *  *  *  *  *

 

- 12 -

Table of Contents

SUPPLEMENTAL SCHEDULE

 

- 13 -

Table of Contents

WILLIS NORTH AMERICA INC.

401(K) RETIREMENT SAVINGS PLAN

Employer Identification Number—13-5654526

FORM 5500, SCHEDULE H, PART IV, LINE 4i—SCHEDULE OF ASSETS (HELD AT END OF YEAR)

DECEMBER 31, 2014

 

Identity of issue, borrower, lessor, or similar party    Shares / Units     

Description of investment including maturity date,

rate of

interest, collateral, par, or maturity value

    Current Value  

Mutual Funds

         

Large Cap Stocks

         

Domestic

         

American Funds Income Fund

       Mutual Fund    $ 53,937,166   

American Funds Fundamental Investment Fund

       Mutual Fund      54,953,752   

JPMorgan US Equity Fund

       Mutual Fund      43,086,277   

MFS Value Fund

       Mutual Fund      35,557,822   

T Rowe America Growth Fund

       Mutual Fund      59,993,721   

Transamerica Partners Institutuonal Stock Index Fund

       Mutual Fund      8   

Vanguard Institutional Index

       Mutual Fund      73,311,124   
        

 

 

  

Total

   320,839,870   
        

 

 

  

International

American Funds Europacific

 Mutual Fund   44,712,638   

Russell Emerging Markets Fund

 Mutual Fund   6,486,298   

Vanguard Total International Stock Index

 Mutual Fund   279,442   
        

 

 

  

Total

   51,478,378   
        

 

 

  

Mid/Small Cap Stocks

Columbia Small Cap Value Fund

 Mutual Fund   28,154,983   

Eagle Small Cap Growth

 Mutual Fund   27,222,795   

Fidelity Spartan Extended Market Index

 Mutual Fund   11,608,760   

Prudential Mid Cap

 Mutual Fund   25,182,062   

Ridge Worth Mid Cap Value

 Mutual Fund   15,995,932   
        

 

 

  

Total

   108,164,532   
        

 

 

  

Retirement Funds

T Rowe RA 2010

 Mutual Fund   1,937,237   

T Rowe RA 2020

 Mutual Fund   15,097,574   

T Rowe RA 2030

 Mutual Fund   14,073,688   

T Rowe RA 2040

 Mutual Fund   9,690,788   

T Rowe RA 2050

 Mutual Fund   3,982,961   

T Rowe RA Income

 Mutual Fund   2,258,755   
        

 

 

  

Total

   47,041,003   
        

 

 

  

Bonds

Investment Grade

PIMCO Total Return Fund

 Mutual Fund   21   

Vanguard Intermed-Term Bond Index

 Mutual Fund   729,023   

Metropolitan West Total Return Bond Plan

 Mutual Fund   69,858,731   
        

 

 

  

Total

   70,587,775   
        

 

 

  

High Yield

Transamerica Partners Institutional High Yield Fund

 Mutual Fund   19,562,327   
        

 

 

  

Total

   19,562,327   
        

 

 

  

Various Diversified Mutual Funds

361 MANAGED FUTURES STRAT

   3,321    Mutual Fund   36,859   

ABERDEEN GLOBAL HIGH INCM F

   42    Mutual Fund   411   

ABERDEEN GLOBAL SELECT OPPTY

   319    Mutual Fund   12,101   

ACADIAN EMERGING MKTS PORTFO

   1,795    Mutual Fund   32,785   

ADVISORONE CLS FLEXIBLE INCM N

   1,394    Mutual Fund   14,292   

ADVISORONE CLS GLBL DIVERS

   409    Mutual Fund   7,135   

ADVISORONE CLS GLBL GWTH N

   642    Mutual Fund   7,150   

ADVISORONE CLS GWTH AND INCM N

   2,898    Mutual Fund   31,033   

ADVISORONE CLS LONG SHORT

   796    Mutual Fund   8,270   

ADVISORY RESEARCH MLP & ENERGY

   5,773    Mutual Fund   76,717   

AKRE FOCUS FD RETAIL

   810    Mutual Fund   18,266   

ALLIANCEBERNSTEIN DISCOV

   2,826    Mutual Fund   26,567   

ALPS RED ROCKS LISTED PRIVAT

   633    Mutual Fund   4,171   

AMANA INCOME FUND INV

   239    Mutual Fund   11,128   

AMERICAN BEACON BRIDGE

   1,462    Mutual Fund   34,759   

AMERICAN CENTURY EQUITY GROWTH

   113    Mutual Fund   3,462   

AMERICAN CENTURY ZERO COUPON

   275    Mutual Fund   25,570   

AMERICAN FD GROWTH FD OF AMERI

   4,269    Mutual Fund   181,173   

AMG MANAGERS INTERM DUR GOVT F

   10,414    Mutual Fund   114,133   

AMG MANAGERS REAL ESTATE SECUR

   59    Mutual Fund   711   

AMG YACKTMAN FD SVC

   7,744    Mutual Fund   194,528   

AMG YACKTMAN FOCUSED FD SVC

   551    Mutual Fund   14,273   

AQR DIVERSIFIED ARBITR

   853    Mutual Fund   8,654   

AQR INTL DEFENSIVE EQTY CL I

   185    Mutual Fund   2,131   

AQR INTL MOMENTUM FD CL L

   1,102    Mutual Fund   15,230   

AQR MGD FUTURES STRAT FD CL I

   1,690    Mutual Fund   17,963   

AQR MOMENTUM FD CL L

   1,840    Mutual Fund   38,053   

AQR RISK PARITY FD CL I

   3,116    Mutual Fund   31,598   

AQR SMALL CAP MOMENTUM FD CL

   822    Mutual Fund   16,922   

AQR US DEFENSIVE EQTY CL I

   841    Mutual Fund   12,171   

ARTISAN INTL FUND INV

   1,518    Mutual Fund   45,480   

 

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Table of Contents

WILLIS NORTH AMERICA INC.

401(K) RETIREMENT SAVINGS PLAN

Employer Identification Number—13-5654526

FORM 5500, SCHEDULE H, PART IV, LINE 4i—SCHEDULE OF ASSETS (HELD AT END OF YEAR)

DECEMBER 31, 2014

 

Identity of issue, borrower, lessor, or similar party    Shares / Units     

Description of investment including maturity date,

rate of

interest, collateral, par, or maturity value

    Current Value  

ARTISAN INTL VALUE FUND INV

      1,167       Mutual Fund      39,910   

BAIRD SHORT TERM BD INST

      2,238       Mutual Fund      21,640   

BARON ASSET FUND

      198       Mutual Fund      12,641   

BARON REAL ESTATE FD RETAIL

      572       Mutual Fund      14,837   

BARON SMALL CAP FUND

      609       Mutual Fund      20,282   

BERWYN INCOME FUND

      7,699       Mutual Fund      104,781   

BLACKROCK EQTY DIVIDEND FD INV

      550       Mutual Fund      13,698   

BLACKROCK GLOBAL ALLOCA

      537       Mutual Fund      10,610   

BLACKROCK INTL OPPTY A

      749       Mutual Fund      23,013   

BLACKROCK MULTI ASSET INCM P

      3,718       Mutual Fund      41,753   

BROWN CAP MGMT SMALL CO FD INV

      148       Mutual Fund      10,588   

BUFFALO DISCOVERY FUND

      2,352       Mutual Fund      47,049   

BUFFALO FLEXIBLE INCOME FUND

      1       Mutual Fund      22   

BUFFALO GROWTH FUND

      1,698       Mutual Fund      56,484   

CALVERT INTL OPPTY FD A

      1,392       Mutual Fund      20,484   

CGM FOCUS FUND

      222       Mutual Fund      9,094   

COHEN & STEERS REALTY SHARES

      663       Mutual Fund      50,965   

COLUMBIA ACORN FUND CL Z

      1,360       Mutual Fund      43,448   

COLUMBIA MASTERS INTL EQTY A

      1,550       Mutual Fund      14,817   

COLUMBIA MID CAP VALUE FD CL

      2,590       Mutual Fund      44,074   

DEUTSCHE SMALL CAP VALUE A

      1,019       Mutual Fund      26,220   

DFA COMMODITY STRATEGY PORT

      4,042       Mutual Fund      28,335   

DFA EMERGING MKTS CORE EQTY P

      1,444       Mutual Fund      27,312   

DFA EMERGING MKTS SMALL CAP PO

      127       Mutual Fund      2,531   

DFA EMERGING MKTS VALUE PORT I

      94       Mutual Fund      2,417   

DFA FIVE YEAR GLBL FIXED INCM

      1,208       Mutual Fund      13,207   

DFA GLOBAL REAL ESTATE SECURI

      6,765       Mutual Fund      70,695   

DFA INTL CORE EQTY PORT INSTL

      5,019       Mutual Fund      58,724   

DFA INTL LARGE CAP GWTH INST

      219       Mutual Fund      2,458   

DFA INTL REAL ESTATE SECURI

      819       Mutual Fund      4,294   

DFA INTL SMALL CAP VALUE PORT

      1,115       Mutual Fund      20,746   

DFA INTL SMALL CO PORT INSTL

      132       Mutual Fund      2,243   

DFA INTL VALUE III PORT

      972       Mutual Fund      14,843   

DFA LARGE CAP VALUE III PORTFO

      1,554       Mutual Fund      37,957   

DFA REAL ESTATE SECURI

      356       Mutual Fund      11,764   

DFA SHORT TERM EXTENDED QUALIT

      844       Mutual Fund      9,102   

DFA TWO YEAR GLBL FIXED INCM P

      397       Mutual Fund      3,929   

DFA US CORE EQTY 2 PORT INSTL

      5,706       Mutual Fund      99,857   

DFA US LARGE CAP GROWTH INST

      186       Mutual Fund      2,709   

DFA US LARGE CAP VALUE PORT I

      160       Mutual Fund      5,450   

DFA US SMALL CAP VALUE PORT I

      690       Mutual Fund      24,142   

DFA US TARGETED VALUE PORT I

      1,456       Mutual Fund      32,246   

DIREXION MONTHLY SMALL CAP BE

      6       Mutual Fund      222   

DODGE & COX INTL STOCK FUND

      962       Mutual Fund      40,526   

DODGE & COX STOCK FUND

      405       Mutual Fund      73,231   

DOUBLELINE TOTAL RETURN BD FD

      4,749       Mutual Fund      52,096   

EVENTIDE HEALTHCARE AND LIFE S

      2,287       Mutual Fund      47,973   

FAIRHOLME FUND

      435       Mutual Fund      15,275   

FEDERATED HIGH YIELD TRUST

      1,274       Mutual Fund      8,549   

FEDERATED PRUDENT BEAR FD CL

      1,077       Mutual Fund      2,413   

FIDELITY CAPITAL APPR FD

      643       Mutual Fund      23,151   

FIDELITY INTL DISCOVERY FUND

      441       Mutual Fund      16,759   

FIDELITY LATIN AMER FUND

      621       Mutual Fund      14,770   

FIDELITY SLCT COMM EQUIPM

      60       Mutual Fund      1,920   

FIDELITY SLCT HEALTH CARE P

      105       Mutual Fund      22,840   

FIDELITY SLCT SOFTWARE & COMPU

      60       Mutual Fund      6,950   

FIDELITY SLCT TELECOM PORTFO

      35       Mutual Fund      2,105   

FIDELITY SPARTAN LT TR BD IND

      1,979       Mutual Fund      26,361   

FIRST EAGLE FUND OF AMERIC

      83       Mutual Fund      3,097   

FIRST EAGLE OVERSEAS FUND C

      84       Mutual Fund      1,820   

FMI LARGE CAP FUND

      139       Mutual Fund      2,948   

FRANKLIN INCM FD CL A

      4,588       Mutual Fund      11,011   

GABELLI ASSET FUND AAA

      41       Mutual Fund      2,695   

GABELLI EQUITY INCOME FUND C

      879       Mutual Fund      25,554   

GABELLI SMALL CAP GROWTH FUND

      887       Mutual Fund      43,526   

GLENMEDE LARGE CAP CORE

      616       Mutual Fund      13,390   

GLENMEDE LARGE CAP GWTH

      753       Mutual Fund      17,683   

GLENMEDE SMALL CAP EQTY FUND A

      101       Mutual Fund      2,606   

HARBOR COMMODITY REAL RETURN

      667       Mutual Fund      3,083   

HARBOR INTERNATIONAL FUND I

      388       Mutual Fund      24,914   

HARDING LOEVNER EMERGING MARKE

      980       Mutual Fund      44,713   

HEARTLAND SELECT VALUE FUND I

      200       Mutual Fund      6,279   

HEARTLAND VALUE PLUS FD INV CL

      816       Mutual Fund      25,825   

 

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Table of Contents

WILLIS NORTH AMERICA INC.

401(K) RETIREMENT SAVINGS PLAN

Employer Identification Number—13-5654526

FORM 5500, SCHEDULE H, PART IV, LINE 4i—SCHEDULE OF ASSETS (HELD AT END OF YEAR)

DECEMBER 31, 2014

 

Identity of issue, borrower, lessor, or similar party    Shares / Units     

Description of investment including maturity date,

rate of

interest, collateral, par, or maturity value

    Current Value  

ICON ENERGY FUND CL S

      1       Mutual Fund      7   

INVESCO TECHNOLOGY FD INV CL

      15       Mutual Fund      556   

IRONCLAD MGD RISK

      1,015       Mutual Fund      11,029   

IVY ASSET STRATEGY FUND CL A

      560       Mutual Fund      14,286   

JANUS BALANCED FD CL T

      675       Mutual Fund      20,632   

JANUS CONTRARIAN FD CL T

      612       Mutual Fund      13,508   

JANUS GLOBAL LIFE SCIENC

      496       Mutual Fund      26,043   

JANUS GROWTH & INCM CL T

      32       Mutual Fund      1,546   

JANUS HIGH YIELD FD CL T

      11,693       Mutual Fund      99,623   

JANUS OVERSEAS FD CL T

      118       Mutual Fund      3,708   

JANUS TRITON FD CL T

      5,768       Mutual Fund      135,194   

JENSEN QUALITY GROWTH FD CL J

      328       Mutual Fund      13,184   

JHANCOCK INCOME FUND CL A

      3       Mutual Fund      17   

JHANCOCK3 DISCIPLINED VALUE

      1,406       Mutual Fund      27,427   

JPMORGAN EQUITY INCOME A

      836       Mutual Fund      11,756   

JPMORGAN INCM BUILDER FD A

      1,063       Mutual Fund      10,819   

LAUDUS U.S. LARGE CAP GROWTH

      911       Mutual Fund      15,144   

LEUTHOLD CORE INVESTMENT FUND

      1,234       Mutual Fund      22,796   

LITMAN GREGORY MASTERS ALT ST

      7,827       Mutual Fund      89,542   

LOOMIS SAYLES BOND FUND CL R

      2,205       Mutual Fund      32,546   

LOOMIS SAYLES GLOBAL BD FD CL

      3,717       Mutual Fund      57,509   

LOOMIS SAYLES LTD TERM GOVT &

      3,459       Mutual Fund      40,093   

MAINSTAY LARGE CAP GROWTH

      1,443       Mutual Fund      14,489   

MAINSTAY MARKETFIELD FD CL I

      270       Mutual Fund      4,377   

MAIRS AND POWER GWTH FD

      155       Mutual Fund      18,040   

MARSICO GLOBAL FD

      1,125       Mutual Fund      14,574   

MATTHEWS PACIFIC TIGER FD INV

      1,114       Mutual Fund      29,607   

MERIDIAN GROWTH FUND LEGACY

      783       Mutual Fund      28,482   

METROPOLITAN WEST TOTAL RETURN

      8,545       Mutual Fund      93,227   

MFS INTL VALUE CL A

      751       Mutual Fund      24,829   

MOTLEY FOOL INDEPE

      155       Mutual Fund      3,124   

NEUBERGER BERMAN FOCUS FD INV

      63       Mutual Fund      1,630   

NUVEEN SYMPHONY MID CAP CORE A

      11       Mutual Fund      385   

OAKMARK INTL FD CLASS I

      2,301       Mutual Fund      53,699   

OAKMARK INTL SMALL CAP FUND

      1,335       Mutual Fund      19,747   

OAKMARK SELECT FUND

      324       Mutual Fund      13,201   

OBERWEIS INTL OPPTY FD

      4,725       Mutual Fund      87,703   

OPPENHEIMER CMDY STRAT TOTAL

      13,381       Mutual Fund      30,910   

OPPENHEIMER DEVELOPING MKTS F

      197       Mutual Fund      7,006   

OPPENHEIMER INTL GROWTH FD CL

      1,077       Mutual Fund      37,990   

OPPENHEIMER SENIOR FLOATI

      1,077       Mutual Fund      8,735   

OPPENHEIMER STEELPATH MLP SL

      2,390       Mutual Fund      29,590   

PARNASSUS CORE EQTY FD INV

      1,106       Mutual Fund      44,990   

PAYDEN EQUITY INCOME FD

      402       Mutual Fund      5,594   

PIMCO COMMODITIESPLUS STRATE

      866       Mutual Fund      6,607   

PIMCO COMMODITY REAL RETURN

      11,373       Mutual Fund      50,153   

PIMCO DIV AND INCM BUILDE

      290       Mutual Fund      3,576   

PIMCO INCM CL D

      1,936       Mutual Fund      23,874   

PIMCO TOTAL RETURN FUND CL D

      17,598       Mutual Fund      187,597   

PRINCIPAL EQTY INCM A

      149       Mutual Fund      3,966   

RYDEX BIOTECHNOLOGY FUND INV C

      63       Mutual Fund      5,184   

RYDEX GOVT LONG BD 1.2X STRATE

      231       Mutual Fund      13,002   

RYDEX NASDAQ-100 FUND INV CL

      136       Mutual Fund      3,374   

SCHOONER FUND I

      969       Mutual Fund      24,807   

SCHWAB CORE EQUITY FUND

      221       Mutual Fund      4,993   

SCHWAB DIVIDEND EQUITY FUND

      1,323       Mutual Fund      22,513   

SCHWAB FUNDAMENTAL INTL LARGE

      1,104       Mutual Fund      9,073   

SCHWAB FUNDAMENTAL US LARGE

      2,613       Mutual Fund      39,948   

SCHWAB HEALTH CARE FUND

      750       Mutual Fund      18,723   

SCHWAB INTL INDEX FUND

      739       Mutual Fund      13,399   

SCHWAB MARKETTRACK CONSER

      502       Mutual Fund      8,019   

SCHWAB S&P 500 INDEX FD

      1,323       Mutual Fund      42,537   

SCHWAB SMALL CAP INDEX FUND

      2,452       Mutual Fund      66,124   

SCHWAB SMALL-CAP EQUITY FUND

      91       Mutual Fund      1,910   

SCHWAB TARGET 2020 FUND

      1,570       Mutual Fund      22,182   

SCHWAB TOTAL STOCK MKT INDEX

      360       Mutual Fund      13,310   

SCHWAB TREASURY INFLAT

      7,659       Mutual Fund      84,091   

SCOUT UNCONSTRAINED BOND FD CL

      872       Mutual Fund      9,793   

SEQUOIA FUND

      43       Mutual Fund      10,180   

SMEAD VALUE FD INV CL

      191       Mutual Fund      7,566   

SOUND SHORE INVESTOR

      2,066       Mutual Fund      100,791   

SSGA EMERGING MARKETS FD

      230       Mutual Fund      2,424   

T ROWE PRICE EUROPEAN STOCK

      213       Mutual Fund      4,226   

 

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Table of Contents

WILLIS NORTH AMERICA INC.

401(K) RETIREMENT SAVINGS PLAN

Employer Identification Number—13-5654526

FORM 5500, SCHEDULE H, PART IV, LINE 4i—SCHEDULE OF ASSETS (HELD AT END OF YEAR)

DECEMBER 31, 2014

 

Identity of issue, borrower, lessor, or similar party    Shares / Units     

Description of investment including maturity date,

rate of

interest, collateral, par, or maturity value

    Current Value  

T ROWE PRICE GLBL TECHNO

      601       Mutual Fund      7,399   

T ROWE PRICE MEDIA AND TELECO

      350       Mutual Fund      22,790   

TEMPLETON FOREIGN FUND CL A

      1,145       Mutual Fund      7,979   

TEMPLETON WORLD A

      2,763       Mutual Fund      47,523   

TETON WESTWOOD BALANCED FD CL

      1,698       Mutual Fund      20,767   

THORNBURG DEVELOPING WORLD

      430       Mutual Fund      7,816   

THORNBURG INVT INCOME BUILDE

      534       Mutual Fund      11,136   

THORNBURG LTD TERM INCM FD CL

      1,031       Mutual Fund      13,793   

TIAA CREF HIGH YIELD BOND F

      6,098       Mutual Fund      60,065   

TIAA CREF INSTL SOCIAL CHOICE

      404       Mutual Fund      6,178   

TOCQUEVILLE GOLD FUND

      46       Mutual Fund      1,463   

TOUCHSTONE SANDS CAPITAL SLCT

      1,839       Mutual Fund      33,032   

VANGUARD DIV GROWTH FD INVEST

      934       Mutual Fund      21,568   

VANGUARD EMRG MKTS STK INDEX

      783       Mutual Fund      19,820   

VANGUARD HEALTH CARE FD INVES

      102       Mutual Fund      21,510   

VANGUARD HIGH YIELD CORP FUND

      2,049       Mutual Fund      12,231   

VANGUARD INTL EXPLORER INVES

      1,985       Mutual Fund      32,696   

VANGUARD INTL GROWTH FD INVEST

      1,110       Mutual Fund      23,919   

VANGUARD MID CAP GROWTH INDEX

      821       Mutual Fund      32,798   

VANGUARD REIT INDEX FUND INVES

      872       Mutual Fund      23,465   

VANGUARD SHORT TERM BOND INDEX

      5,122       Mutual Fund      53,682   

VANGUARD SHORT TERM INVEST

      367       Mutual Fund      3,909   

VANGUARD SMALL CAP GWTH INDEX

      1,221       Mutual Fund      43,213   

VANGUARD SMALL CAP INDEX FD IN

      675       Mutual Fund      37,699   

VANGUARD TOTAL BD MARKET INDEX

      4,825       Mutual Fund      52,444   

VANGUARD TOTAL INTL STK INDEX

      2,042       Mutual Fund      31,747   

VANGUARD TOTAL STOCK MKT INDEX

      2,733       Mutual Fund      140,986   

VANGUARD WELLINGTON FD INVEST

      626       Mutual Fund      24,518   

VIRTUS DYNAMIC ALPHAS

      996       Mutual Fund      10,791   

VIRTUS PREMIUM ALPHAS

      876       Mutual Fund      11,806   

VULCAN VALUE PARTNERS FD

      1,477       Mutual Fund      28,835   

WASATCH LONG SHORT FD INV

      1,752       Mutual Fund      26,104   

WASATCH SMALL CAP GROWTH FD IN

      429       Mutual Fund      21,067   

WEITZ SHORT INTERMEDIATE INCOM

      421       Mutual Fund      5,235   

WEITZ VALUE FUND

      362       Mutual Fund      16,386   

WELLS FARGO ADVTG DIVERS INTL

      93       Mutual Fund      1,077   

WELLS FARGO ADVTG GWTH FD IN

      5,222       Mutual Fund      237,699   

WELLS FARGO ADVTG INCM PLUS

      985       Mutual Fund      12,060   

WELLS FARGO ADVTG PREMIE

      402       Mutual Fund      6,155   

WHITE OAK SELECT GROWTH FUND

      468       Mutual Fund      28,325   
        

 

 

  

Total

   5,973,874   
        

 

 

  

Common Stock — Willis Group Holdings plc

WILLIS STOCK FUND

   446,024    Shares of Common Stock   19,986,356   
        

 

 

  

Total

   19,986,356   
        

 

 

  

Other Common Stocks and Exchange-Traded Funds

1ST TR EXCH TRADED FD VIDORSEY

   11,358    Shares of Common Stock or Exchange-Traded Fund   250,217   

3 D SYSTEMS CORP

   332    Shares of Common Stock or Exchange-Traded Fund   10,913   

3M COMPANY

   1,114    Shares of Common Stock or Exchange-Traded Fund   183,013   

A E S CORP

   100    Shares of Common Stock or Exchange-Traded Fund   1,377   

A M R CORPORATION XXXSTOCK

   75    Shares of Common Stock or Exchange-Traded Fund   0   

A T & T INC NEW

   1,241    Shares of Common Stock or Exchange-Traded Fund   41,688   

ABBOTT LABORATORIES

   54    Shares of Common Stock or Exchange-Traded Fund   2,413   

ABBVIE INC

   841    Shares of Common Stock or Exchange-Traded Fund   55,065   

ACCENTURE PLC CL A F

   40    Shares of Common Stock or Exchange-Traded Fund   3,572   

ACHILLION PHARMA INC ** PEN

   3,240    Shares of Common Stock or Exchange-Traded Fund   39,690   

ADAMS EXPRESS CO

   257    Shares of Common Stock or Exchange-Traded Fund   3,517   

ADT CORP

   18    Shares of Common Stock or Exchange-Traded Fund   652   

ADVANCED PHOTONIX CL A

   8,000    Shares of Common Stock or Exchange-Traded Fund   2,360   

ADVISORSHARES TRUST ETF RANGER

   600    Shares of Common Stock or Exchange-Traded Fund   6,858   

AETNA INC NEW

   100    Shares of Common Stock or Exchange-Traded Fund   8,883   

AGILENT TECHNOLOGIES INCTENDER

   100    Shares of Common Stock or Exchange-Traded Fund   4,094   

AGRIUM INC FDUTCH

   100    Shares of Common Stock or Exchange-Traded Fund   9,472   

AIRGAS INC TENDER

   54    Shares of Common Stock or Exchange-Traded Fund   6,213   

AKAMAI TECHNOLOGIES

   22    Shares of Common Stock or Exchange-Traded Fund   1,385   

ALAMOS GOLD INC F

   400    Shares of Common Stock or Exchange-Traded Fund   2,852   

ALASKA COMMUNS SYS GROUP

   1,000    Shares of Common Stock or Exchange-Traded Fund   1,790   

ALBERTA STAR DEV CP NEWF

   200    Shares of Common Stock or Exchange-Traded Fund   29   

ALCATEL LUCENT ADR FSPONSO

   1,010    Shares of Common Stock or Exchange-Traded Fund   3,586   

ALIBABA GROUP HLDG ADR F** PEN

   1,285    Shares of Common Stock or Exchange-Traded Fund   133,563   

ALIMERA SCIENCES INC ** PEN

   100    Shares of Common Stock or Exchange-Traded Fund   554   

ALKANE RESOURCES ORD F

   5,000    Shares of Common Stock or Exchange-Traded Fund   900   

ALLEGHENY TECH INC NEW

   45    Shares of Common Stock or Exchange-Traded Fund   1,565   

ALLEGION PUBLIC LTD CO F

   9    Shares of Common Stock or Exchange-Traded Fund   499   

 

- 17 -

Table of Contents

WILLIS NORTH AMERICA INC.

401(K) RETIREMENT SAVINGS PLAN

Employer Identification Number—13-5654526

FORM 5500, SCHEDULE H, PART IV, LINE 4i—SCHEDULE OF ASSETS (HELD AT END OF YEAR)

DECEMBER 31, 2014

 

Identity of issue, borrower, lessor, or similar party    Shares / Units     

Description of investment including maturity date,

rate of

interest, collateral, par, or maturity value

    Current Value  

ALLERGAN INC EXCHAN

      10       Shares of Common Stock or Exchange-Traded Fund      2,126   

ALLIANCE DATA SYSTEMS

      15       Shares of Common Stock or Exchange-Traded Fund      4,291   

ALNYLAM PHARMACEUTICALS ** PEN

      500       Shares of Common Stock or Exchange-Traded Fund      48,500   

ALTRIA GROUP INC

      657       Shares of Common Stock or Exchange-Traded Fund      32,360   

ALTRIA GROUP INC

      414       Shares of Common Stock or Exchange-Traded Fund      20,405   

AMARIN CORP PLC NEW ADRFSPONSO

      100       Shares of Common Stock or Exchange-Traded Fund      98   

AMBARELLA INC F** PEN

      400       Shares of Common Stock or Exchange-Traded Fund      20,288   

AMER ELECTRIC PWR CO INC

      700       Shares of Common Stock or Exchange-Traded Fund      42,504   

AMEREN CORPORATION

      720       Shares of Common Stock or Exchange-Traded Fund      33,214   

AMERICAN AIRLS GROUP INC

      52       Shares of Common Stock or Exchange-Traded Fund      2,802   

AMERICAN EXPRESS COMPANY

      200       Shares of Common Stock or Exchange-Traded Fund      18,608   

AMERICAN GRAPHITE TECH

      500       Shares of Common Stock or Exchange-Traded Fund      14   

AMERICAN HOMES 4 RENT ** PEN

      154       Shares of Common Stock or Exchange-Traded Fund      2,621   

AMERICAN INTL GROUP INC TRADES

      357       Shares of Common Stock or Exchange-Traded Fund      8,789   

AMERICAN INTL GROUP NEW

      2,190       Shares of Common Stock or Exchange-Traded Fund      122,678   

AMERICAN SKIING CORP XXXPLAN O

      1,830       Shares of Common Stock or Exchange-Traded Fund      0   

AMERICAN TOWER CORP REIT

      80       Shares of Common Stock or Exchange-Traded Fund      7,908   

AMERICAN WATER WORKS CO ** PEN

      240       Shares of Common Stock or Exchange-Traded Fund      12,807   

AMERIPRISE FINANCIAL INC

      50       Shares of Common Stock or Exchange-Traded Fund      6,613   

AMKOR TECHNOLOGY INC

      248       Shares of Common Stock or Exchange-Traded Fund      1,761   

ANADARKO PETROLEUM CORP

      200       Shares of Common Stock or Exchange-Traded Fund      16,500   

ANNALY CAPITAL MGMT REIT

      4,242       Shares of Common Stock or Exchange-Traded Fund      45,861   

ANTHEM INC

      55       Shares of Common Stock or Exchange-Traded Fund      6,912   

AOL INC

      6       Shares of Common Stock or Exchange-Traded Fund      277   

APACHE CORP

      100       Shares of Common Stock or Exchange-Traded Fund      6,267   

APERAM FNEW YO

      1       Shares of Common Stock or Exchange-Traded Fund      29   

APOLLO INVESTMENT CORP ** PEN

      4,500       Shares of Common Stock or Exchange-Traded Fund      33,390   

APPLE INC

      4,463       Shares of Common Stock or Exchange-Traded Fund      492,659   

APPLE INC

      350       Shares of Common Stock or Exchange-Traded Fund      38,633   

APPLIED MATERIALS INC

      657       Shares of Common Stock or Exchange-Traded Fund      16,382   

AQUA AMERICA INC

      410       Shares of Common Stock or Exchange-Traded Fund      10,949   

ARADIGM CORP NEW

      4       Shares of Common Stock or Exchange-Traded Fund      30   

ARCELOR MITTAL NY NEW FNEW YO

      160       Shares of Common Stock or Exchange-Traded Fund      1,765   

ARCH COAL INC

      729       Shares of Common Stock or Exchange-Traded Fund      1,298   

ARCHER-DANIELS-MIDLND CO

      50       Shares of Common Stock or Exchange-Traded Fund      2,600   

ARTISAN PART ASSET MNGT ** PEN

      130       Shares of Common Stock or Exchange-Traded Fund      6,569   

ASTERIAS BIOTHERAPEUTIC SERIES

      16       Shares of Common Stock or Exchange-Traded Fund      52   

ATLAS CORPORATION TRADIN

      103,000       Shares of Common Stock or Exchange-Traded Fund      0   

ATLAS ENERGY LP

      150       Shares of Common Stock or Exchange-Traded Fund      4,673   

AUCTION MILLS INC NEW

      4       Shares of Common Stock or Exchange-Traded Fund      0   

AUTO DATA PROCESSING

      40       Shares of Common Stock or Exchange-Traded Fund      3,335   

AVALON HOLDINGS CORP A CLASS

      1,000       Shares of Common Stock or Exchange-Traded Fund      2,620   

AVISTA CORPORATION

      200       Shares of Common Stock or Exchange-Traded Fund      7,070   

AXOGEN INC

      200       Shares of Common Stock or Exchange-Traded Fund      718   

B/E AEROSPACE INC

      500       Shares of Common Stock or Exchange-Traded Fund      29,010   

B/E AEROSPACE INC

      65       Shares of Common Stock or Exchange-Traded Fund      3,771   

B2GOLD CORP F

      392       Shares of Common Stock or Exchange-Traded Fund      635   

BAIDU COM INC ADR F** PEN

      35       Shares of Common Stock or Exchange-Traded Fund      7,979   

BANCO SANTANDR CENT ADRFSPONSO

      587       Shares of Common Stock or Exchange-Traded Fund      4,890   

BANDERA GOLD LTD F

      500       Shares of Common Stock or Exchange-Traded Fund      2   

BANK OF AMERICA CORP

      4,570       Shares of Common Stock or Exchange-Traded Fund      81,765   

BANK OF NY MELLON CP NEW

      100       Shares of Common Stock or Exchange-Traded Fund      4,057   

BARRICK GOLD CORP F

      1,000       Shares of Common Stock or Exchange-Traded Fund      10,750   

BAXTER INTERNATIONAL INC

      450       Shares of Common Stock or Exchange-Traded Fund      32,981   

BAYER A G SPONSORED ADRFSPONSO

      350       Shares of Common Stock or Exchange-Traded Fund      47,894   

BAYSWATER URANIUM NEW F

      100       Shares of Common Stock or Exchange-Traded Fund      3   

BAYTEX ENERGY CORP F

      560       Shares of Common Stock or Exchange-Traded Fund      9,302   

BERKLEY W R CORPORATION

      108       Shares of Common Stock or Exchange-Traded Fund      5,511   

BERKSHIRE HATHAWAY B NEWCLASS

      395       Shares of Common Stock or Exchange-Traded Fund      59,309   

BIODEL INC NEW

      1,000       Shares of Common Stock or Exchange-Traded Fund      1,330   

BIOELECTRONICS CORP

      12,000       Shares of Common Stock or Exchange-Traded Fund      12   

BIOGEN IDEC INC DUTCH

      100       Shares of Common Stock or Exchange-Traded Fund      33,945   

BIOGEN IDEC INC DUTCH

      36       Shares of Common Stock or Exchange-Traded Fund      12,220   

BIOPURE CORP CL A NEW TRADIN

      16       Shares of Common Stock or Exchange-Traded Fund      0   

BIOTIME INC 18WTSWARRAN

      19       Shares of Common Stock or Exchange-Traded Fund      20   

BLACK HILLS CORP

      300       Shares of Common Stock or Exchange-Traded Fund      15,912   

BLACKBERRY LTD F

      2,500       Shares of Common Stock or Exchange-Traded Fund      27,450   

BLACKROCK BUILD AMERICA ** PEN

      475       Shares of Common Stock or Exchange-Traded Fund      10,532   

BLACKROCK UTIL & INFRAS ** PEN

      200       Shares of Common Stock or Exchange-Traded Fund      4,148   

BLACKSTONE GROUP LP ** PEN

      614       Shares of Common Stock or Exchange-Traded Fund      20,778   

BOEING CO ODDLOT

      155       Shares of Common Stock or Exchange-Traded Fund      20,147   

BONANZA OIL & GAS INC TRADIN

      2,400       Shares of Common Stock or Exchange-Traded Fund      0   

BP PLC ADR FSPONSO

      791       Shares of Common Stock or Exchange-Traded Fund      30,147   

 

- 18 -

Table of Contents

WILLIS NORTH AMERICA INC.

401(K) RETIREMENT SAVINGS PLAN

Employer Identification Number—13-5654526

FORM 5500, SCHEDULE H, PART IV, LINE 4i—SCHEDULE OF ASSETS (HELD AT END OF YEAR)

DECEMBER 31, 2014

 

Identity of issue, borrower, lessor, or similar party    Shares / Units     

Description of investment including maturity date,

rate of

interest, collateral, par, or maturity value

    Current Value  

BRANDYWINE REALTY TR NEWREIT

      239       Shares of Common Stock or Exchange-Traded Fund      3,820   

BRINKS CO DUTCH

      41       Shares of Common Stock or Exchange-Traded Fund      1,003   

BRISTOL-MYERS SQUIBB CO ODDLOT

      308       Shares of Common Stock or Exchange-Traded Fund      18,163   

BROOKFIELD ASSET MGMT FWITH S

      95       Shares of Common Stock or Exchange-Traded Fund      4,762   

BROOKS AUTOMATION NEW DUTCH

      31       Shares of Common Stock or Exchange-Traded Fund      395   

BRUKER CORPORATION

      600       Shares of Common Stock or Exchange-Traded Fund      11,772   

BUFFALO WILD WINGS INC ** PEN

      85       Shares of Common Stock or Exchange-Traded Fund      15,332   

C V S HEALTH CORPORATION

      151       Shares of Common Stock or Exchange-Traded Fund      14,535   

CADAN RESOURCES XXX1 FOR

      100       Shares of Common Stock or Exchange-Traded Fund      0   

CAI INTERNATIONAL INC ** PEN

      300       Shares of Common Stock or Exchange-Traded Fund      6,960   

CALAMP CORP

      1,370       Shares of Common Stock or Exchange-Traded Fund      25,071   

CALIFORNIA RES CORP

      130       Shares of Common Stock or Exchange-Traded Fund      716   

CALLON PETROLEUM CO

      600       Shares of Common Stock or Exchange-Traded Fund      3,270   

CALUMET SPECIALTY PROD ** PRI

      15       Shares of Common Stock or Exchange-Traded Fund      336   

CAMECO CORP FFULLY

      250       Shares of Common Stock or Exchange-Traded Fund      4,103   

CAMPBELL SOUP COMPANY

      700       Shares of Common Stock or Exchange-Traded Fund      30,800   

CAMTEK F

      1,000       Shares of Common Stock or Exchange-Traded Fund      3,010   

CANADIAN ZINC CORP F

      545       Shares of Common Stock or Exchange-Traded Fund      101   

CANNABIS SCIENCE INC

      5,000       Shares of Common Stock or Exchange-Traded Fund      276   

CAPITAL BK FINL CORP ** PEN

      27       Shares of Common Stock or Exchange-Traded Fund      724   

CAPITAL CITY BANK GROUP

      500       Shares of Common Stock or Exchange-Traded Fund      7,770   

CAPITOL FED FINL INC NEW

      500       Shares of Common Stock or Exchange-Traded Fund      6,390   

CAPSTONE MINING CORP F

      200       Shares of Common Stock or Exchange-Traded Fund      337   

CAPSTONE TURBINE CORP

      2,000       Shares of Common Stock or Exchange-Traded Fund      1,479   

CARDINAL ENERGY GROUP

      1,000       Shares of Common Stock or Exchange-Traded Fund      420   

CARDINAL HEALTH INC

      100       Shares of Common Stock or Exchange-Traded Fund      8,073   

CARNIVAL CORP NEW FPAIRED

      65       Shares of Common Stock or Exchange-Traded Fund      2,946   

CATERPILLAR INC

      35       Shares of Common Stock or Exchange-Traded Fund      3,224   

CDK GLOBAL INC

      13       Shares of Common Stock or Exchange-Traded Fund      530   

CEL SCI CORP NEW

      10,000       Shares of Common Stock or Exchange-Traded Fund      5,810   

CELGENE CORP

      353       Shares of Common Stock or Exchange-Traded Fund      39,487   

CENTRAL FD CDA LTD CLA FCLASS

      2,170       Shares of Common Stock or Exchange-Traded Fund      25,129   

CENVEO INC

      5,825       Shares of Common Stock or Exchange-Traded Fund      12,233   

CEPHEID INC

      200       Shares of Common Stock or Exchange-Traded Fund      10,828   

CERNER CORP

      400       Shares of Common Stock or Exchange-Traded Fund      25,864   

CHESAPEAKE UTIL CORP

      150       Shares of Common Stock or Exchange-Traded Fund      7,449   

CHICAGO BRDG & IRON NY FN Y RE

      75       Shares of Common Stock or Exchange-Traded Fund      3,149   

CHIMERA INVESTMENT CORP ** PEN

      222       Shares of Common Stock or Exchange-Traded Fund      705   

CHINA ENERGY SVGS TECH TRADIN

      1,000       Shares of Common Stock or Exchange-Traded Fund      0   

CHINA MOBILE H K ADR FSPONSO

      50       Shares of Common Stock or Exchange-Traded Fund      2,941   

CHINA STHN ARLNS ADR FSPONSO

      100       Shares of Common Stock or Exchange-Traded Fund      2,390   

CHIPOTLE MEXICAN GRILL ** PEN

      8       Shares of Common Stock or Exchange-Traded Fund      5,476   

CHUBB CORPORATION

      43       Shares of Common Stock or Exchange-Traded Fund      4,460   

CIGNA CORP

      50       Shares of Common Stock or Exchange-Traded Fund      5,146   

CIPHER PHARMACEUTICALS F

      1,000       Shares of Common Stock or Exchange-Traded Fund      14,160   

CISCO SYSTEMS INC

      1,454       Shares of Common Stock or Exchange-Traded Fund      40,437   

CITIGROUP INC NEW

      7,104       Shares of Common Stock or Exchange-Traded Fund      384,403   

CITIGROUP INC NEW

      300       Shares of Common Stock or Exchange-Traded Fund      16,233   

CITRIX SYSTEMS INC

      15       Shares of Common Stock or Exchange-Traded Fund      957   

COCA COLA COMPANY

      1,029       Shares of Common Stock or Exchange-Traded Fund      43,429   

COEUR MINING INC

      700       Shares of Common Stock or Exchange-Traded Fund      3,577   

COGENT COMMUN HLDG CO

      510       Shares of Common Stock or Exchange-Traded Fund      18,036   

COHERUS BIOSCIENCES ** PEN

      300       Shares of Common Stock or Exchange-Traded Fund      4,896   

COLGATE-PALMOLIVE CO

      140       Shares of Common Stock or Exchange-Traded Fund      9,687   

COLONIAL BANCGROUP INC REGIST

      725       Shares of Common Stock or Exchange-Traded Fund      0   

COMCAST CORP NEW CL A

      240       Shares of Common Stock or Exchange-Traded Fund      13,928   

COMDISCO HOLDING CO RTSRIGHTS

      150       Shares of Common Stock or Exchange-Traded Fund      13   

COMMERCIAL METALS CO TENDER

      100       Shares of Common Stock or Exchange-Traded Fund      1,629   

COMPUTRZD THERML IMAGINGTRADIN

      1,000       Shares of Common Stock or Exchange-Traded Fund      0   

CONAGRA FOODS INC

      200       Shares of Common Stock or Exchange-Traded Fund      7,256   

CONOCOPHILLIPS

      2,210       Shares of Common Stock or Exchange-Traded Fund      152,632   

CONS WATER CO INC ORD F

      1,063       Shares of Common Stock or Exchange-Traded Fund      11,358   

CONSTELLATION BRAND CL ACLASS

      15       Shares of Common Stock or Exchange-Traded Fund      1,473   

CONTL PRECIOUS MNRL NEWF

      166       Shares of Common Stock or Exchange-Traded Fund      92   

CONTROL4 CORP ** PEN

      200       Shares of Common Stock or Exchange-Traded Fund      3,074   

COPPER NORTH MNG CORP F

      40       Shares of Common Stock or Exchange-Traded Fund      2   

CORNING INC

      200       Shares of Common Stock or Exchange-Traded Fund      4,586   

COSTCO WHSL CORP NEW

      31       Shares of Common Stock or Exchange-Traded Fund      4,335   

COVIDIEN PLC NEW F

      9       Shares of Common Stock or Exchange-Traded Fund      937   

CREATIVE EDGE NUTRIT NEW

      10,000       Shares of Common Stock or Exchange-Traded Fund      132   

CROWN BAUS CAP CORP

      100       Shares of Common Stock or Exchange-Traded Fund      101   

CST BRANDS INC

      725       Shares of Common Stock or Exchange-Traded Fund      31,617   

CTI BIOPHARMA CORP

      500       Shares of Common Stock or Exchange-Traded Fund      1,180   

 

- 19 -

Table of Contents

WILLIS NORTH AMERICA INC.

401(K) RETIREMENT SAVINGS PLAN

Employer Identification Number—13-5654526

FORM 5500, SCHEDULE H, PART IV, LINE 4i—SCHEDULE OF ASSETS (HELD AT END OF YEAR)

DECEMBER 31, 2014

 

Identity of issue, borrower, lessor, or similar party    Shares / Units     

Description of investment including maturity date,

rate of

interest, collateral, par, or maturity value

    Current Value  

CUBESMART

      787       Shares of Common Stock or Exchange-Traded Fund      17,363   

CUMMINS INC

      29       Shares of Common Stock or Exchange-Traded Fund      4,176   

CYNOSURE INC ** PEN

      600       Shares of Common Stock or Exchange-Traded Fund      16,452   

CYS INVESTMENTS INC REIT

      4,703       Shares of Common Stock or Exchange-Traded Fund      41,010   

CYTOSORBENTS CORP NEW

      28       Shares of Common Stock or Exchange-Traded Fund      279   

DASSAULT SYSTEMS SA ADRFSPONSO

      44       Shares of Common Stock or Exchange-Traded Fund      2,684   

DDR CORP

      229       Shares of Common Stock or Exchange-Traded Fund      4,212   

DECKERS OUTDOOR CORP

      20       Shares of Common Stock or Exchange-Traded Fund      1,821   

DECODE GENETICS INC XXXPLAN O

      5,900       Shares of Common Stock or Exchange-Traded Fund      0   

DEERE & CO

      31       Shares of Common Stock or Exchange-Traded Fund      2,698   

DENISON MINES CORP F

      15,000       Shares of Common Stock or Exchange-Traded Fund      13,950   

DEUTSCHE POST NEW ADR FSPONSO

      40       Shares of Common Stock or Exchange-Traded Fund      1,298   

DEUTSCHE X-TRACKERS ETF HARVES

      400       Shares of Common Stock or Exchange-Traded Fund      14,884   

DHT HOLDINGS INC NEW F

      178       Shares of Common Stock or Exchange-Traded Fund      1,303   

DIME CMNTY BANCSHARES

      543       Shares of Common Stock or Exchange-Traded Fund      8,841   

DIREXION DAILY SHS ETF RUSSIA

      300       Shares of Common Stock or Exchange-Traded Fund      8,430   

DIREXION SHARES NEW ETF GOLD M

      100       Shares of Common Stock or Exchange-Traded Fund      1,116   

DIREXION SHS EXCH TRD FDDAILY

      4,000       Shares of Common Stock or Exchange-Traded Fund      143,040   

DIREXION SHS NEW ETF DAILY

      100       Shares of Common Stock or Exchange-Traded Fund      1,267   

DISNEY WALT CO

      330       Shares of Common Stock or Exchange-Traded Fund      31,039   

DITEM EXPLORATION INC F

      1,000       Shares of Common Stock or Exchange-Traded Fund      2   

DOMINOS PIZZA INC ** PEN

      103       Shares of Common Stock or Exchange-Traded Fund      9,661   

DOW CHEMICAL COMPANY

      570       Shares of Common Stock or Exchange-Traded Fund      25,998   

DRYSHIPS INC F** PEN

      100       Shares of Common Stock or Exchange-Traded Fund      106   

DU PONT E I DE NEMOUR&CO

      251       Shares of Common Stock or Exchange-Traded Fund      18,522   

DUKE ENERGY CORP NEW

      939       Shares of Common Stock or Exchange-Traded Fund      78,426   

DUPONT FABROS TECHNOLOGY** PEN

      250       Shares of Common Stock or Exchange-Traded Fund      8,310   

E M C CORP MASS

      1,348       Shares of Common Stock or Exchange-Traded Fund      40,075   

E O G RESOURCES INC

      1,399       Shares of Common Stock or Exchange-Traded Fund      128,779   

EAGLE MATERIALS INC

      100       Shares of Common Stock or Exchange-Traded Fund      7,603   

EAGLE PLAINS RESOURCES F

      34,500       Shares of Common Stock or Exchange-Traded Fund      2,015   

EARTHLINK HOLDINGS CORP

      100       Shares of Common Stock or Exchange-Traded Fund      439   

EAST ASIA MINERALS CORPF

      700       Shares of Common Stock or Exchange-Traded Fund      5   

EAST WEST BANCORP

      40       Shares of Common Stock or Exchange-Traded Fund      1,548   

EBAY INC

      100       Shares of Common Stock or Exchange-Traded Fund      5,612   

ECARE SOLUTIONS INC

      1,000       Shares of Common Stock or Exchange-Traded Fund      2,500   

ECHELON CORPORATION

      180       Shares of Common Stock or Exchange-Traded Fund      306   

ECOPETROL SA ADR FSPONSO

      15       Shares of Common Stock or Exchange-Traded Fund      257   

EDDIE BAUER HOLDINGS XXXBANKRU

      5,000       Shares of Common Stock or Exchange-Traded Fund      0   

EGSHARES ETF EMERGI

      387       Shares of Common Stock or Exchange-Traded Fund      9,807   

ELDORADO GOLD CORP NEW F

      1,000       Shares of Common Stock or Exchange-Traded Fund      6,080   

ELECTROGLAS CORP XXXREGIST

      400       Shares of Common Stock or Exchange-Traded Fund      0   

ELITE PHARMACEUTICLS NEW

      5,000       Shares of Common Stock or Exchange-Traded Fund      1,130   

ELMIRA SVGS BK ELMIRA NY

      635       Shares of Common Stock or Exchange-Traded Fund      14,615   

ENCANA CORPORATION F

      400       Shares of Common Stock or Exchange-Traded Fund      5,548   

ENDEAVOUR INTL CORP NEW

      8       Shares of Common Stock or Exchange-Traded Fund      0   

ENDEAVOUR SILVER CORP F

      800       Shares of Common Stock or Exchange-Traded Fund      1,728   

ENDURANCE SPECALTY HLDGF

      100       Shares of Common Stock or Exchange-Traded Fund      5,984   

ENER CORE INC

      4,000       Shares of Common Stock or Exchange-Traded Fund      680   

ENERGY FUELS INC NEW F

      88       Shares of Common Stock or Exchange-Traded Fund      545   

ENERGY TRANSFER PARTNERS** PEN

      1,000       Shares of Common Stock or Exchange-Traded Fund      57,380   

ENERNOC INC ** PEN

      300       Shares of Common Stock or Exchange-Traded Fund      4,635   

ENERPLUS CORP F

      250       Shares of Common Stock or Exchange-Traded Fund      2,400   

ENERSYS ** PEN

      100       Shares of Common Stock or Exchange-Traded Fund      6,172   

ENTEROMEDICS INC NEW

      15,350       Shares of Common Stock or Exchange-Traded Fund      21,797   

ENTERPRISE PRD PRTNRS LP

      90       Shares of Common Stock or Exchange-Traded Fund      3,251   

ENTMNT GAMING ASIA NEW

      250       Shares of Common Stock or Exchange-Traded Fund      133   

EPIRUS BIOPHARMACEUTICAL

      422       Shares of Common Stock or Exchange-Traded Fund      2,393   

ERICSSON TEL ADR B NEW FCL B S

      120       Shares of Common Stock or Exchange-Traded Fund      1,452   

ESPERION THERAPEUTICS ** PEN

      100       Shares of Common Stock or Exchange-Traded Fund      4,044   

EWORLD COMPANIES INC NEW

      13       Shares of Common Stock or Exchange-Traded Fund      2   

EXCO RESOURCES INC ** PEN

      108       Shares of Common Stock or Exchange-Traded Fund      235   

EXELIXIS INC

      600       Shares of Common Stock or Exchange-Traded Fund      864   

EXELON CORPORATION

      120       Shares of Common Stock or Exchange-Traded Fund      4,450   

EXPO HOLDING INC

      33,500       Shares of Common Stock or Exchange-Traded Fund      0   

EXPRESS SCRIPTS HLDG CO

      50       Shares of Common Stock or Exchange-Traded Fund      4,234   

EXXON MOBIL CORPORATION

      558       Shares of Common Stock or Exchange-Traded Fund      51,549   

FACEBOOK INC CLASS A ** PEN

      491       Shares of Common Stock or Exchange-Traded Fund      38,308   

FACEBOOK INC CLASS A ** PEN

      200       Shares of Common Stock or Exchange-Traded Fund      15,604   

FACTORSHARES TRUST ETF PUREFU

      200       Shares of Common Stock or Exchange-Traded Fund      5,298   

FAIRFAX FINANCIAL HLDGSF

      50       Shares of Common Stock or Exchange-Traded Fund      26,200   

FAIRPOINT COMMUN INC ** PEN

      1       Shares of Common Stock or Exchange-Traded Fund      0   

FASTENAL CO

      50       Shares of Common Stock or Exchange-Traded Fund      2,378   

 

- 20 -

Table of Contents

WILLIS NORTH AMERICA INC.

401(K) RETIREMENT SAVINGS PLAN

Employer Identification Number—13-5654526

FORM 5500, SCHEDULE H, PART IV, LINE 4i—SCHEDULE OF ASSETS (HELD AT END OF YEAR)

DECEMBER 31, 2014

 

Identity of issue, borrower, lessor, or similar party    Shares / Units     

Description of investment including maturity date,

rate of

interest, collateral, par, or maturity value

    Current Value  

FEDEX CORPORATION

      25       Shares of Common Stock or Exchange-Traded Fund      4,423   

FELLOWS ENERGY LTD TRADIN

      3,500       Shares of Common Stock or Exchange-Traded Fund      0   

FIDELITY MSCI ETF HEALTH

      1,018       Shares of Common Stock or Exchange-Traded Fund      33,479   

FINAVERA WIND ENERGY F

      20,000       Shares of Common Stock or Exchange-Traded Fund      1,840   

FINISAR CORP NEW

      300       Shares of Common Stock or Exchange-Traded Fund      5,823   

FIRST MAJESTIC SILVER F

      1,000       Shares of Common Stock or Exchange-Traded Fund      5,020   

FIRST SOLAR INC ** PEN

      65       Shares of Common Stock or Exchange-Traded Fund      2,899   

FIRST TR NYSE ARCA BIOTEC

      129       Shares of Common Stock or Exchange-Traded Fund      13,161   

FIRST TRUST ISE NAT GAS NATURA

      500       Shares of Common Stock or Exchange-Traded Fund      5,606   

FIRSTHAND TECH VALUE FD TENDER

      12       Shares of Common Stock or Exchange-Traded Fund      230   

FLEXTRONICS INTL LTD F

      500       Shares of Common Stock or Exchange-Traded Fund      5,590   

FLUOR CORPORATION NEW

      100       Shares of Common Stock or Exchange-Traded Fund      6,063   

FORD MOTOR COMPANY NEW TENDER

      1,724       Shares of Common Stock or Exchange-Traded Fund      26,723   

FORD MOTOR COMPANY NEW TENDER

      800       Shares of Common Stock or Exchange-Traded Fund      12,400   

FORTUNE BAY CORP F

      700       Shares of Common Stock or Exchange-Traded Fund      167   

FOUNTAIN HEALTHY AGING

      7,500       Shares of Common Stock or Exchange-Traded Fund      3   

FREEPORT MCMORAN INC

      260       Shares of Common Stock or Exchange-Traded Fund      6,074   

FREIGHTCAR AMERICA INC ** PEN

      416       Shares of Common Stock or Exchange-Traded Fund      10,956   

FRONTIER COMMUNICATIONS

      15       Shares of Common Stock or Exchange-Traded Fund      100   

FUSE SCIENCE INC NEW

      925       Shares of Common Stock or Exchange-Traded Fund      0   

GABELLI EQUITY TRUST INC

      415       Shares of Common Stock or Exchange-Traded Fund      2,684   

GALENA BIOPHARMA INC

      2,000       Shares of Common Stock or Exchange-Traded Fund      3,020   

GAMESTOP CORP CL A NEW

      416       Shares of Common Stock or Exchange-Traded Fund      14,072   

GENERAL ELECTRIC CAP 4.875% 10

      100       Shares of Common Stock or Exchange-Traded Fund      2,476   

GENERAL ELECTRIC COMPANY

      5,407       Shares of Common Stock or Exchange-Traded Fund      136,626   

GENERAL MILLS INC

      143       Shares of Common Stock or Exchange-Traded Fund      7,601   

GENERAL MOLY INC

      3,000       Shares of Common Stock or Exchange-Traded Fund      1,710   

GENERAL MOTORS CO ** PEN

      1,045       Shares of Common Stock or Exchange-Traded Fund      36,481   

GENTEX CORP WITH S

      50       Shares of Common Stock or Exchange-Traded Fund      1,807   

GENUINE PARTS CO

      150       Shares of Common Stock or Exchange-Traded Fund      15,986   

GENWORTH FINANCIAL INC ** PEN

      400       Shares of Common Stock or Exchange-Traded Fund      3,400   

GERON CORP

      400       Shares of Common Stock or Exchange-Traded Fund      1,300   

GETTY REALTY CORP NEW REIT

      317       Shares of Common Stock or Exchange-Traded Fund      5,781   

GILEAD SCIENCES INC

      2,520       Shares of Common Stock or Exchange-Traded Fund      237,535   

GILEAD SCIENCES INC

      300       Shares of Common Stock or Exchange-Traded Fund      28,278   

GLAXOSMITHKLINE PLC ADRFSPONSO

      1,505       Shares of Common Stock or Exchange-Traded Fund      64,328   

GLOBAL ALUMINA CORP FDUTCH

      11,000       Shares of Common Stock or Exchange-Traded Fund      0   

GLOBAL PEOPLELINE TELECOREGIST

      3       Shares of Common Stock or Exchange-Traded Fund      0   

GLOBAL X ETF NEXT E

      416       Shares of Common Stock or Exchange-Traded Fund      9,714   

GOLD CANYON RES INC F

      27,000       Shares of Common Stock or Exchange-Traded Fund      2,813   

GOLDCORP INC NEW FEXCHAN

      32       Shares of Common Stock or Exchange-Traded Fund      593   

GOLDEN GOLIATH RES LTD F

      60,000       Shares of Common Stock or Exchange-Traded Fund      360   

GOLDEN MINERALS CO

      250       Shares of Common Stock or Exchange-Traded Fund      135   

GOLDMAN SACHS GROUP INC

      37       Shares of Common Stock or Exchange-Traded Fund      7,209   

GOOGLE INC ** PEN

      40       Shares of Common Stock or Exchange-Traded Fund      21,226   

GOOGLE INC CL C NON VTG NON VO

      249       Shares of Common Stock or Exchange-Traded Fund      131,074   

GOPRO INC ** PEN

      30       Shares of Common Stock or Exchange-Traded Fund      1,897   

GRACO INCORPORATED

      40       Shares of Common Stock or Exchange-Traded Fund      3,207   

GRAFTECH INTERNATIONAL

      100       Shares of Common Stock or Exchange-Traded Fund      506   

GREAT WESTN MNRLS GROUPF

      10,000       Shares of Common Stock or Exchange-Traded Fund      300   

GREEN EARTH TECHS INC

      5,000       Shares of Common Stock or Exchange-Traded Fund      207   

GREENBRIER CO

      300       Shares of Common Stock or Exchange-Traded Fund      16,119   

GREENLAND MIN & EGY ORDF

      10,000       Shares of Common Stock or Exchange-Traded Fund      597   

GROWLIFE INC TRADIN

      5,400       Shares of Common Stock or Exchange-Traded Fund      108   

GSV CAPITAL CORP

      50       Shares of Common Stock or Exchange-Traded Fund      432   

GUARDIAN 8 HOLDINGS

      2,000       Shares of Common Stock or Exchange-Traded Fund      931   

GUGGENHEIM ETF S&P 50

      545       Shares of Common Stock or Exchange-Traded Fund      36,858   

GUGGENHEIM EXCH TRD FD BRIC E

      177       Shares of Common Stock or Exchange-Traded Fund      5,056   

GULF RESOURCES INC NEW

      113       Shares of Common Stock or Exchange-Traded Fund      131   

GULFPORT ENERGY CP NEW

      350       Shares of Common Stock or Exchange-Traded Fund      14,609   

GUYANA FRONTIER MINING F

      9,000       Shares of Common Stock or Exchange-Traded Fund      0   

GW PHARMACEUTIC PLC ADSF** PEN

      750       Shares of Common Stock or Exchange-Traded Fund      50,760   

H C P INC REIT

      29       Shares of Common Stock or Exchange-Traded Fund      1,271   

HAIN CELESTIAL GROUP INC

      180       Shares of Common Stock or Exchange-Traded Fund      10,492   

HALCON RESOURCES NEW

      2,416       Shares of Common Stock or Exchange-Traded Fund      4,300   

HALLIBURTON CO HLDG CO EXCHAN

      760       Shares of Common Stock or Exchange-Traded Fund      29,891   

HALYARD HEALTH INC

      20       Shares of Common Stock or Exchange-Traded Fund      909   

HARD TO TREAT DISEASES

      42,000       Shares of Common Stock or Exchange-Traded Fund      0   

HARRIS CORPORATION

      150       Shares of Common Stock or Exchange-Traded Fund      10,773   

HARTFORD FINL SVCS GRP

      200       Shares of Common Stock or Exchange-Traded Fund      8,338   

HEALTH CARE REIT INC REIT

      60       Shares of Common Stock or Exchange-Traded Fund      4,545   

HEALTHSOUTH CORP NEW

      680       Shares of Common Stock or Exchange-Traded Fund      26,153   

HELICOS BIOSCIENCES CORP** PEN

      520       Shares of Common Stock or Exchange-Traded Fund      0   

 

- 21 -

Table of Contents

WILLIS NORTH AMERICA INC.

401(K) RETIREMENT SAVINGS PLAN

Employer Identification Number—13-5654526

FORM 5500, SCHEDULE H, PART IV, LINE 4i—SCHEDULE OF ASSETS (HELD AT END OF YEAR)

DECEMBER 31, 2014

 

Identity of issue, borrower, lessor, or similar party    Shares / Units     

Description of investment including maturity date,

rate of

interest, collateral, par, or maturity value

    Current Value  

HERSHEY COMPANY

      27       Shares of Common Stock or Exchange-Traded Fund      2,776   

HESS CORPORATION

      177       Shares of Common Stock or Exchange-Traded Fund      13,050   

HEWLETT-PACKARD COMPANY

      1,417       Shares of Common Stock or Exchange-Traded Fund      56,855   

HOME DEPOT INC TENDER

      342       Shares of Common Stock or Exchange-Traded Fund      35,877   

HONEYWELL INTERNATIONAL

      132       Shares of Common Stock or Exchange-Traded Fund      13,212   

HOOPER HOLMES INC

      500       Shares of Common Stock or Exchange-Traded Fund      258   

HORMEL FOODS CORP

      700       Shares of Common Stock or Exchange-Traded Fund      36,470   

HUDSON CITY BANCORP INC

      500       Shares of Common Stock or Exchange-Traded Fund      5,060   

HURCO COMPANIES INC

      60       Shares of Common Stock or Exchange-Traded Fund      2,045   

IAMGOLD CORPORATION FEXCHAN

      500       Shares of Common Stock or Exchange-Traded Fund      1,350   

ICONIX BRAND GROUP INC

      300       Shares of Common Stock or Exchange-Traded Fund      10,137   

IDEX CORP

      302       Shares of Common Stock or Exchange-Traded Fund      23,526   

IMPACT SILVER CORP F

      1,000       Shares of Common Stock or Exchange-Traded Fund      196   

INGERSOLL RAND CL A NEWFIRELAN

      28       Shares of Common Stock or Exchange-Traded Fund      1,766   

INOVIO PHARMA NEW

      10,750       Shares of Common Stock or Exchange-Traded Fund      98,685   

INSPIREMD INC NEW

      4,000       Shares of Common Stock or Exchange-Traded Fund      3,110   

INTEL CORP

      3,012       Shares of Common Stock or Exchange-Traded Fund      109,313   

INTERNATIONAL PAPER CO DUTCH

      15       Shares of Common Stock or Exchange-Traded Fund      809   

INTERPHARM HOLDINGS INC TRADIN

      1,000       Shares of Common Stock or Exchange-Traded Fund      1   

INTL BUSINESS MACHINES

      1,074       Shares of Common Stock or Exchange-Traded Fund      172,318   

INVENSENSE INC ** PEN

      400       Shares of Common Stock or Exchange-Traded Fund      6,504   

INVESCO MORTGAGE CAPITAL** PEN

      320       Shares of Common Stock or Exchange-Traded Fund      4,947   

ION GEOPHYSICAL CORP

      12,000       Shares of Common Stock or Exchange-Traded Fund      33,000   

IROBOT CORP ** PEN

      250       Shares of Common Stock or Exchange-Traded Fund      8,680   

ISCO INTERNATIONAL INXXXBANKRU

      53,770       Shares of Common Stock or Exchange-Traded Fund      0   

ISHARES CORE ETF AGGREG

      295       Shares of Common Stock or Exchange-Traded Fund      32,485   

ISHARES CORE S&P ETF S&P 50

      53       Shares of Common Stock or Exchange-Traded Fund      10,992   

ISHARES ETF AAA- A

      296       Shares of Common Stock or Exchange-Traded Fund      15,327   

ISHARES ETF FLOATI

      115       Shares of Common Stock or Exchange-Traded Fund      5,812   

ISHARES MSCI EMRG MKT FDWITH S

      636       Shares of Common Stock or Exchange-Traded Fund      25,008   

ISHARES MSCI ETF INDIA

      743       Shares of Common Stock or Exchange-Traded Fund      22,253   

ISHARES MSCI GRMNY GERMAN

      773       Shares of Common Stock or Exchange-Traded Fund      21,188   

ISHARES MSCI HK ETF HONG K

      997       Shares of Common Stock or Exchange-Traded Fund      20,478   

ISHARES MSCI KOREA ETF CAPPED

      40       Shares of Common Stock or Exchange-Traded Fund      2,212   

ISHARES NASDAQ BIO ETF NASDAQ

      58       Shares of Common Stock or Exchange-Traded Fund      17,629   

ISHARES PHARMACEUTICAL ETF

      6       Shares of Common Stock or Exchange-Traded Fund      908   

ISHARES SILVER TRUST INDEX

      350       Shares of Common Stock or Exchange-Traded Fund      5,271   

ISHARES TR BOND 1-3 YE

      140       Shares of Common Stock or Exchange-Traded Fund      14,725   

ISHARES TR COMEX GOLD ** PEN

      4,045       Shares of Common Stock or Exchange-Traded Fund      46,275   

ISHARES TR LEHMAN BD FD LEHMAN

      345       Shares of Common Stock or Exchange-Traded Fund      36,567   

ISHARES TR LEHMAN BD FD LEHMAN

      20       Shares of Common Stock or Exchange-Traded Fund      2,542   

ISHARES TR MSCI EAFE FD WITH S

      354       Shares of Common Stock or Exchange-Traded Fund      21,557   

ISHARES TR RUSSELL 2000 WITH S

      228       Shares of Common Stock or Exchange-Traded Fund      27,329   

ISHARES TR S&P 500 BARRAS&P 50

      173       Shares of Common Stock or Exchange-Traded Fund      19,307   

ISHARES TR S&P LATN AMERS&P LA

      115       Shares of Common Stock or Exchange-Traded Fund      3,647   

ISHARES TR TIPS BOND E

      243       Shares of Common Stock or Exchange-Traded Fund      27,165   

ISHARES TR US INDL US IND

      1,077       Shares of Common Stock or Exchange-Traded Fund      114,819   

ISHARES TRUST IBOXX

      650       Shares of Common Stock or Exchange-Traded Fund      58,240   

ISHARES TRUST MBS ET

      50       Shares of Common Stock or Exchange-Traded Fund      5,466   

ISHARES U S PFD ETF U S PF

      130       Shares of Common Stock or Exchange-Traded Fund      5,127   

ISIS PHARMACEUTICALS INC

      1,554       Shares of Common Stock or Exchange-Traded Fund      95,944   

ITC HOLDINGS CORP ** PEN

      140       Shares of Common Stock or Exchange-Traded Fund      5,660   

JABIL CIRCUIT INC

      51       Shares of Common Stock or Exchange-Traded Fund      1,109   

JADE ART GROUP INC NEW

      45,000       Shares of Common Stock or Exchange-Traded Fund      122   

JDS UNIPHASE CORP NEW

      178       Shares of Common Stock or Exchange-Traded Fund      2,442   

JET METAL CORP F

      36       Shares of Common Stock or Exchange-Traded Fund      5   

JOHNSON & JOHNSON

      676       Shares of Common Stock or Exchange-Traded Fund      70,739   

JOHNSON CONTROLS INC

      75       Shares of Common Stock or Exchange-Traded Fund      3,626   

JPMORGAN CHASE & CO

      1,382       Shares of Common Stock or Exchange-Traded Fund      86,486   

K L A TENCOR CORP

      1       Shares of Common Stock or Exchange-Traded Fund      40   

KANSAS CITY SOUTHERN

      509       Shares of Common Stock or Exchange-Traded Fund      62,153   

KATE SPADE & CO

      525       Shares of Common Stock or Exchange-Traded Fund      16,805   

KERYX BIOPHARMACEUTICALS

      600       Shares of Common Stock or Exchange-Traded Fund      8,490   

KEURIG GREEN MTN INC

      220       Shares of Common Stock or Exchange-Traded Fund      29,127   

KEYSIGHT TECHNOLOGIES

      150       Shares of Common Stock or Exchange-Traded Fund      5,066   

KIMBERLY-CLARK CORP

      474       Shares of Common Stock or Exchange-Traded Fund      54,804   

KINDER MORGAN HOLDCO LLC** PEN

      1,556       Shares of Common Stock or Exchange-Traded Fund      65,853   

KINDER MORGAN HOLDCO LLC** PEN

      792       Shares of Common Stock or Exchange-Traded Fund      33,510   

KLX INC

      250       Shares of Common Stock or Exchange-Traded Fund      10,313   

KOFAX LTD F** PEN

      1,000       Shares of Common Stock or Exchange-Traded Fund      7,030   

KRAFT FOODS GROUP

      291       Shares of Common Stock or Exchange-Traded Fund      18,212   

KRISPY KREME DOUGHNUT CP

      500       Shares of Common Stock or Exchange-Traded Fund      9,870   

KULICKE & SOFFA INDS INC

      1,000       Shares of Common Stock or Exchange-Traded Fund      14,460   

 

- 22 -

Table of Contents

WILLIS NORTH AMERICA INC.

401(K) RETIREMENT SAVINGS PLAN

Employer Identification Number—13-5654526

FORM 5500, SCHEDULE H, PART IV, LINE 4i—SCHEDULE OF ASSETS (HELD AT END OF YEAR)

DECEMBER 31, 2014

 

Identity of issue, borrower, lessor, or similar party    Shares / Units     

Description of investment including maturity date,

rate of

interest, collateral, par, or maturity value

    Current Value  

L BRANDS INC

      154       Shares of Common Stock or Exchange-Traded Fund      13,352   

L INTERNATIONAL COMPUTERTRADIN

      200       Shares of Common Stock or Exchange-Traded Fund      0   

LAB CP OF AMER HLDG NEW

      400       Shares of Common Stock or Exchange-Traded Fund      43,160   

LEUCADIA NATIONAL CORP

      807       Shares of Common Stock or Exchange-Traded Fund      18,090   

LEVEL 3 COMMUN NEW

      116       Shares of Common Stock or Exchange-Traded Fund      5,728   

LEXICON PHARMACEUTICALS

      1,040       Shares of Common Stock or Exchange-Traded Fund      946   

LIBERATOR MEDICAL HLDG

      3,000       Shares of Common Stock or Exchange-Traded Fund      8,700   

LIGHTBRIDGE CORP

      17       Shares of Common Stock or Exchange-Traded Fund      26   

LILLY ELI & COMPANY ODDLOT

      543       Shares of Common Stock or Exchange-Traded Fund      37,456   

LINDSAY CORPORATION

      75       Shares of Common Stock or Exchange-Traded Fund      6,431   

LINKEDIN ** PEN

      100       Shares of Common Stock or Exchange-Traded Fund      22,971   

LIONBRIDGE TECH INC

      1,500       Shares of Common Stock or Exchange-Traded Fund      8,625   

LIQTECH INTL INC

      5,000       Shares of Common Stock or Exchange-Traded Fund      5,450   

LOCKHEED MARTIN CORP

      30       Shares of Common Stock or Exchange-Traded Fund      5,777   

LOEWS CORPORATION

      252       Shares of Common Stock or Exchange-Traded Fund      10,589   

LONGTOP FINL TECH ADS F** PEN

      250       Shares of Common Stock or Exchange-Traded Fund      0   

LOWES COMPANIES INC

      226       Shares of Common Stock or Exchange-Traded Fund      15,529   

LULULEMON CORP ** PEN

      104       Shares of Common Stock or Exchange-Traded Fund      5,802   

LUXEYARD INC

      1,500       Shares of Common Stock or Exchange-Traded Fund      3   

M & T BANK CORPORATION

      100       Shares of Common Stock or Exchange-Traded Fund      12,562   

MACQUARIE INFRASTRUC LLC

      140       Shares of Common Stock or Exchange-Traded Fund      9,953   

MACYS INC

      50       Shares of Common Stock or Exchange-Traded Fund      3,313   

MAGELLAN MIDSTREAM PTNRS

      65       Shares of Common Stock or Exchange-Traded Fund      5,373   

MAGNUM HUNTER RES 16WTSWARRAN

      622       Shares of Common Stock or Exchange-Traded Fund      0   

MAGNUM HUNTER RESOURCES

      558       Shares of Common Stock or Exchange-Traded Fund      1,752   

MALLINCKRODT PUB F

      101       Shares of Common Stock or Exchange-Traded Fund      10,002   

MANNKIND CORP

      51,350       Shares of Common Stock or Exchange-Traded Fund      267,790   

MANULIFE FINANCIAL CORPFODD LO

      400       Shares of Common Stock or Exchange-Traded Fund      7,636   

MAPFRE SA ORD F

      50       Shares of Common Stock or Exchange-Traded Fund      170   

MARATHON PETE CORP

      200       Shares of Common Stock or Exchange-Traded Fund      18,052   

MATRIX SERVICE CO

      200       Shares of Common Stock or Exchange-Traded Fund      4,464   

MATTEL INCORPORATED

      300       Shares of Common Stock or Exchange-Traded Fund      9,288   

MC DONALDS CORP EXCHAN

      353       Shares of Common Stock or Exchange-Traded Fund      33,119   

MEADOWBROOK INSURANCE GP

      114       Shares of Common Stock or Exchange-Traded Fund      967   

MEDICAL MARIJUANA INC

      5,000       Shares of Common Stock or Exchange-Traded Fund      570   

MEDIVATION INC

      147       Shares of Common Stock or Exchange-Traded Fund      14,643   

MEGA URANIUM LTD F

      14,000       Shares of Common Stock or Exchange-Traded Fund      1,464   

MELCO PBL ENTMT LTD ADRF**PEND

      3,500       Shares of Common Stock or Exchange-Traded Fund      88,900   

MERCK & CO INC NEW

      464       Shares of Common Stock or Exchange-Traded Fund      26,378   

MERITOR INC

      500       Shares of Common Stock or Exchange-Traded Fund      7,575   

METANOR RESOURCES F

      8,500       Shares of Common Stock or Exchange-Traded Fund      485   

METLIFE INC

      100       Shares of Common Stock or Exchange-Traded Fund      5,409   

MFA FINANCIAL INC REIT

      5,000       Shares of Common Stock or Exchange-Traded Fund      39,950   

MGM MIRAGE TENDER

      42       Shares of Common Stock or Exchange-Traded Fund      898   

MICROCHIP TECHNOLOGY INC

      125       Shares of Common Stock or Exchange-Traded Fund      5,639   

MICROSOFT CORP DUTCH

      3,721       Shares of Common Stock or Exchange-Traded Fund      172,838   

MICROSOFT CORP DUTCH

      400       Shares of Common Stock or Exchange-Traded Fund      18,580   

MIDDLEBY CORP THE

      100       Shares of Common Stock or Exchange-Traded Fund      9,910   

MILLENNIUM CELL INC

      5,000       Shares of Common Stock or Exchange-Traded Fund      1   

MIND SOLUTIONS INC RESTRI

      10       Shares of Common Stock or Exchange-Traded Fund      0   

MIND TECHNOLOGIES INC TRADIN

      10,000       Shares of Common Stock or Exchange-Traded Fund      0   

MIRANDA GOLD CORP F

      23,000       Shares of Common Stock or Exchange-Traded Fund      2,024   

MIZUHO FINL GROUP ADR FSPONSO

      2,000       Shares of Common Stock or Exchange-Traded Fund      6,800   

MOLSON COORS BREWING CLB

      26       Shares of Common Stock or Exchange-Traded Fund      1,945   

MONDELEZ INTL INC CL A

      568       Shares of Common Stock or Exchange-Traded Fund      20,617   

MONSANTO CO NEW DEL

      55       Shares of Common Stock or Exchange-Traded Fund      6,571   

MONSTER BEVERAGE CORP

      35       Shares of Common Stock or Exchange-Traded Fund      3,792   

MONTPELIER RE HLDGS LTDF

      117       Shares of Common Stock or Exchange-Traded Fund      4,208   

MORGAN STANLEY

      5,762       Shares of Common Stock or Exchange-Traded Fund      223,576   

MORGAN STANLEY

      1,000       Shares of Common Stock or Exchange-Traded Fund      38,800   

MOSAIC CO NEW

      150       Shares of Common Stock or Exchange-Traded Fund      6,848   

MOTOROLA SOLUTIONS INC

      32       Shares of Common Stock or Exchange-Traded Fund      2,142   

MULTICELL TECHS INC NEW

      7,500       Shares of Common Stock or Exchange-Traded Fund      2   

NATIONAL GRID PLC ADR FSPONSO

      584       Shares of Common Stock or Exchange-Traded Fund      41,237   

NATIONAL OILWELL VARCO

      614       Shares of Common Stock or Exchange-Traded Fund      40,256   

NATL SCIENTIFIC CORP

      250       Shares of Common Stock or Exchange-Traded Fund      3   

NEPHROGENEX INC ** PEN

      700       Shares of Common Stock or Exchange-Traded Fund      9,345   

NESTLE S A REG B ADR F1 ADR

      25       Shares of Common Stock or Exchange-Traded Fund      1,824   

NETFLIX INC

      21       Shares of Common Stock or Exchange-Traded Fund      7,174   

NETSOL TECHNOLOGIES NEW

      75       Shares of Common Stock or Exchange-Traded Fund      313   

NEVSUN RESOURCES LTD F

      2,000       Shares of Common Stock or Exchange-Traded Fund      7,780   

NEW GOLD INC F

      1,000       Shares of Common Stock or Exchange-Traded Fund      4,300   

NEW YORK MTG TRUST NEW REIT

      350       Shares of Common Stock or Exchange-Traded Fund      2,699   

 

- 23 -

Table of Contents

WILLIS NORTH AMERICA INC.

401(K) RETIREMENT SAVINGS PLAN

Employer Identification Number—13-5654526

FORM 5500, SCHEDULE H, PART IV, LINE 4i—SCHEDULE OF ASSETS (HELD AT END OF YEAR)

DECEMBER 31, 2014

 

Identity of issue, borrower, lessor, or similar party    Shares / Units     

Description of investment including maturity date,

rate of

interest, collateral, par, or maturity value

    Current Value  

NEWBRIDGE BANCORP CLASS

      1,000       Shares of Common Stock or Exchange-Traded Fund      8,710   

NIKE INC CLASS B

      100       Shares of Common Stock or Exchange-Traded Fund      9,626   

NOBLE ENERGY INC

      303       Shares of Common Stock or Exchange-Traded Fund      14,379   

NOODLES & COMPANY ** PEN

      100       Shares of Common Stock or Exchange-Traded Fund      2,635   

NORDIC AMERN TANKR LTD F

      9       Shares of Common Stock or Exchange-Traded Fund      91   

NORFOLK SOUTHERN CORP

      125       Shares of Common Stock or Exchange-Traded Fund      13,701   

NORTH AMERN DATACOM INC

      1,000       Shares of Common Stock or Exchange-Traded Fund      0   

NORTHISLE COPPER & GOLDF

      40       Shares of Common Stock or Exchange-Traded Fund      1   

NOVARTIS A G SPON ADR FSPONSO

      463       Shares of Common Stock or Exchange-Traded Fund      42,902   

NRG YIELD INC ** PEN

      665       Shares of Common Stock or Exchange-Traded Fund      31,335   

NRG YIELD INC ** PEN

      45       Shares of Common Stock or Exchange-Traded Fund      2,121   

NUANCE COMMUN INC

      200       Shares of Common Stock or Exchange-Traded Fund      2,854   

NUTRACEUTICAL INTL CORP

      100       Shares of Common Stock or Exchange-Traded Fund      2,156   

NUVERRA ENVIRONMENTL NEW

      620       Shares of Common Stock or Exchange-Traded Fund      3,441   

NUVILEX INC

      48,000       Shares of Common Stock or Exchange-Traded Fund      8,640   

NVIDIA CORP

      3       Shares of Common Stock or Exchange-Traded Fund      60   

NXP SEMICONDUCTORS NV F** PEN

      190       Shares of Common Stock or Exchange-Traded Fund      14,516   

OAO GAZPROM SPON ADR FSPONSO

      500       Shares of Common Stock or Exchange-Traded Fund      2,265   

OASIS PETROLEUM INC ** PEN

      4,000       Shares of Common Stock or Exchange-Traded Fund      66,160   

OBN HOLDINGS INC NEW TRADIN

      200       Shares of Common Stock or Exchange-Traded Fund      0   

OCCIDENTAL PETE CORP

      328       Shares of Common Stock or Exchange-Traded Fund      26,419   

OMNICELL INC

      300       Shares of Common Stock or Exchange-Traded Fund      9,936   

ONCOSEC MED INC

      1,000       Shares of Common Stock or Exchange-Traded Fund      470   

OPKO HEALTH INC

      1,435       Shares of Common Stock or Exchange-Traded Fund      14,336   

ORACLE CORPORATION

      212       Shares of Common Stock or Exchange-Traded Fund      9,549   

ORGANOVO HLDGS INC

      10,100       Shares of Common Stock or Exchange-Traded Fund      73,225   

OXUS GOLD PLC WEF ORD F

      202,700       Shares of Common Stock or Exchange-Traded Fund      9,284   

P I C O HOLDINGS INC NEW

      245       Shares of Common Stock or Exchange-Traded Fund      4,618   

PALADIN ENERGY LTD ORD FCANADI

      1,000       Shares of Common Stock or Exchange-Traded Fund      284   

PAN AMERICAN SILVER CP F

      200       Shares of Common Stock or Exchange-Traded Fund      1,840   

PANASONIC CORP ADR FSPONSO

      1,000       Shares of Common Stock or Exchange-Traded Fund      11,770   

PANERA BREAD CO CL A

      25       Shares of Common Stock or Exchange-Traded Fund      4,370   

PARAMOUNT GOLD AND SILVRTRADIN

      10,000       Shares of Common Stock or Exchange-Traded Fund      10,200   

PARKER-HANNIFIN CORP

      65       Shares of Common Stock or Exchange-Traded Fund      8,382   

PARKERVISION INC

      10,000       Shares of Common Stock or Exchange-Traded Fund      9,099   

PARSLEY ENERGY INC ** PEN

      1,114       Shares of Common Stock or Exchange-Traded Fund      17,779   

PATRIOT NATL BANCORP INC

      3,300       Shares of Common Stock or Exchange-Traded Fund      5,419   

PEABODY ENERGY CORP

      650       Shares of Common Stock or Exchange-Traded Fund      5,031   

PENNEY J C CO INC

      1,500       Shares of Common Stock or Exchange-Traded Fund      9,720   

PENTAIR PLC F

      8       Shares of Common Stock or Exchange-Traded Fund      531   

PEPSICO INCORPORATED

      264       Shares of Common Stock or Exchange-Traded Fund      24,994   

PERRIGO CO PLC FUS SHA

      251       Shares of Common Stock or Exchange-Traded Fund      41,957   

PETROLEO BRASILEIRO ADRFSA PET

      2,300       Shares of Common Stock or Exchange-Traded Fund      16,790   

PFIZER INCORPORATED ODDLOT

      2,834       Shares of Common Stock or Exchange-Traded Fund      88,285   

PHILIP MORRIS INTL INC

      326       Shares of Common Stock or Exchange-Traded Fund      26,590   

PHILLIPS 66

      708       Shares of Common Stock or Exchange-Traded Fund      50,764   

PIMCO CORP & INC OPPTY FUND

      1,208       Shares of Common Stock or Exchange-Traded Fund      19,214   

PIMCO CORP INCOME STRATE

      400       Shares of Common Stock or Exchange-Traded Fund      6,044   

PIMCO DYNAMIC CDT INC FD** PEN

      4,000       Shares of Common Stock or Exchange-Traded Fund      82,600   

PIMCO ETF 0-5 YR

      577       Shares of Common Stock or Exchange-Traded Fund      58,179   

PIMCO EXCH TRADED FUND TOTAL

      158       Shares of Common Stock or Exchange-Traded Fund      16,915   

PINETREE CAPITAL NEW F

      1,500       Shares of Common Stock or Exchange-Traded Fund      182   

PIONEER NATURAL RES CO

      100       Shares of Common Stock or Exchange-Traded Fund      14,888   

PLUG POWER INC NEW

      600       Shares of Common Stock or Exchange-Traded Fund      1,800   

POLARIS INDUSTRIES INC

      30       Shares of Common Stock or Exchange-Traded Fund      4,537   

POLYCOM INC DUTCH

      500       Shares of Common Stock or Exchange-Traded Fund      6,750   

PORTLAND GENERAL ELEC

      850       Shares of Common Stock or Exchange-Traded Fund      32,156   

POSITIVEID CORP NEW

      50,000       Shares of Common Stock or Exchange-Traded Fund      1,495   

POTASH CORP SASK INC FTENDER

      80       Shares of Common Stock or Exchange-Traded Fund      2,826   

POWERSHARES ETF FD TR IIS&P SM

      30       Shares of Common Stock or Exchange-Traded Fund      1,414   

POWERSHARES ETF FUNDAM

      124       Shares of Common Stock or Exchange-Traded Fund      2,329   

POWERSHARES ETF VARIAB

      1,500       Shares of Common Stock or Exchange-Traded Fund      36,990   

POWERSHARES S&P ETF 500 LO

      606       Shares of Common Stock or Exchange-Traded Fund      23,004   

POWERSHS EXCH TRAD FD TRDYNAMI

      67       Shares of Common Stock or Exchange-Traded Fund      2,115   

POWERSHS EXCH TRAD FD TRFUNDAM

      157       Shares of Common Stock or Exchange-Traded Fund      3,876   

POWERSHS EXCH TRAD FD TRGLOBAL

      292       Shares of Common Stock or Exchange-Traded Fund      6,697   

POWERSHS EXCH TRAD FD TRPOWERS

      523       Shares of Common Stock or Exchange-Traded Fund      12,182   

POWERSHS EXCH TRAD FD TRPOWERS

      100       Shares of Common Stock or Exchange-Traded Fund      9,143   

POWERSHS EXCH TRAD FD TRPREFER

      5,000       Shares of Common Stock or Exchange-Traded Fund      73,500   

POWERSHS QQQ TRUST SER 1

      1,121       Shares of Common Stock or Exchange-Traded Fund      115,723   

PPL CORPORATION

      500       Shares of Common Stock or Exchange-Traded Fund      18,165   

PRECISION DRILLING CORPF

      965       Shares of Common Stock or Exchange-Traded Fund      5,848   

PRIMERO MINING CORP F

      919       Shares of Common Stock or Exchange-Traded Fund      3,529   

 

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Table of Contents

WILLIS NORTH AMERICA INC.

401(K) RETIREMENT SAVINGS PLAN

Employer Identification Number—13-5654526

FORM 5500, SCHEDULE H, PART IV, LINE 4i—SCHEDULE OF ASSETS (HELD AT END OF YEAR)

DECEMBER 31, 2014

 

Identity of issue, borrower, lessor, or similar party    Shares / Units     

Description of investment including maturity date,

rate of

interest, collateral, par, or maturity value

    Current Value  

PROCTER & GAMBLE EXCHAN

      787       Shares of Common Stock or Exchange-Traded Fund      71,668   

PROSHARES SHORT S&P 500

      130       Shares of Common Stock or Exchange-Traded Fund      2,831   

PROSHARES TRUST ETF ULTRAS

      1,300       Shares of Common Stock or Exchange-Traded Fund      32,201   

PROSHS ULTRASHRT ETF NEWULTRAS

      435       Shares of Common Stock or Exchange-Traded Fund      20,180   

PROSHS ULTRASHRT ETF NEWULTRAS

      175       Shares of Common Stock or Exchange-Traded Fund      3,859   

PROSHS ULTRASHT ETF NEW MSCI U

      22       Shares of Common Stock or Exchange-Traded Fund      981   

PROSPECT CAPITAL CORP

      8,000       Shares of Common Stock or Exchange-Traded Fund      66,080   

PROTHENA CORP PLC F

      80       Shares of Common Stock or Exchange-Traded Fund      1,661   

PUB SVC ENT GROUP INC

      750       Shares of Common Stock or Exchange-Traded Fund      31,058   

PUMA EXPLORATION INC F

      6,650       Shares of Common Stock or Exchange-Traded Fund      886   

PVH CORP

      10       Shares of Common Stock or Exchange-Traded Fund      1,290   

QUALCOMM INC

      340       Shares of Common Stock or Exchange-Traded Fund      25,272   

QUALCOMM INC

      200       Shares of Common Stock or Exchange-Traded Fund      14,866   

QUALMARK CORP

      400       Shares of Common Stock or Exchange-Traded Fund      64   

QUICKSILVER RESOURCES

      3,600       Shares of Common Stock or Exchange-Traded Fund      714   

R F MICRO DEVICES INC

      1,000       Shares of Common Stock or Exchange-Traded Fund      16,590   

RADIUS GOLD INC F

      30,000       Shares of Common Stock or Exchange-Traded Fund      2,130   

RADIUS HEALTH INC ** PEN

      499       Shares of Common Stock or Exchange-Traded Fund      19,416   

RAMBUS INC DEL

      484       Shares of Common Stock or Exchange-Traded Fund      5,368   

RANDGOLD RES LTD ADR FSPONSO

      241       Shares of Common Stock or Exchange-Traded Fund      16,246   

RANGE RESOURCES CORP

      100       Shares of Common Stock or Exchange-Traded Fund      5,345   

RAYONIER ADVANCED MATL

      43       Shares of Common Stock or Exchange-Traded Fund      961   

RAYTHEON COMPANY NEW ODD LO

      520       Shares of Common Stock or Exchange-Traded Fund      56,200   

REALTY INCOME CORP REIT

      40       Shares of Common Stock or Exchange-Traded Fund      1,908   

REGENERON PHARMS INC

      280       Shares of Common Stock or Exchange-Traded Fund      114,870   

RESMED INC

      100       Shares of Common Stock or Exchange-Traded Fund      5,606   

RESTORATION HARDWARE ** PEN

      40       Shares of Common Stock or Exchange-Traded Fund      3,840   

RETRACTABLE TECH INC

      5,000       Shares of Common Stock or Exchange-Traded Fund      25,000   

RITE AID CORPORATION

      1,100       Shares of Common Stock or Exchange-Traded Fund      8,272   

ROCK CREEK PHARMA INC

      550       Shares of Common Stock or Exchange-Traded Fund      100   

ROCKWELL AUTOMATION INC

      9       Shares of Common Stock or Exchange-Traded Fund      1,001   

ROCKWELL COLLINS INC

      9       Shares of Common Stock or Exchange-Traded Fund      760   

ROCKWELL MEDICAL INC

      700       Shares of Common Stock or Exchange-Traded Fund      7,196   

ROCKWOOD HOLDINGS INC ** PEN

      100       Shares of Common Stock or Exchange-Traded Fund      7,880   

ROVI CORPORATION

      76       Shares of Common Stock or Exchange-Traded Fund      1,717   

ROWE T PRICE GROUP INC

      40       Shares of Common Stock or Exchange-Traded Fund      3,434   

ROYAL DUTCH SHELL B PLCFSPONSO

      100       Shares of Common Stock or Exchange-Traded Fund      6,956   

ROYCE GLOBAL VALUE TR

      68       Shares of Common Stock or Exchange-Traded Fund      547   

ROYCE VALUE TRUST INC

      537       Shares of Common Stock or Exchange-Traded Fund      7,691   

S J W CORP

      221       Shares of Common Stock or Exchange-Traded Fund      7,099   

S P D R S&P 500 ETF TR EXPIRI

      890       Shares of Common Stock or Exchange-Traded Fund      182,928   

SALESFORCE COM ** PEN

      295       Shares of Common Stock or Exchange-Traded Fund      17,496   

SANATANA RESOURCES INC F

      25,000       Shares of Common Stock or Exchange-Traded Fund      968   

SANGUINE CORP NEW

      200       Shares of Common Stock or Exchange-Traded Fund      30   

SANTANA MINERALS ORD F**PRIV

      4,000       Shares of Common Stock or Exchange-Traded Fund      88   

SCH US AGG BND ETF

      83       Shares of Common Stock or Exchange-Traded Fund      4,367   

SCH US DIV EQUITY ETF

      128       Shares of Common Stock or Exchange-Traded Fund      5,118   

SCH US MID-CAP ETF

      458       Shares of Common Stock or Exchange-Traded Fund      18,645   

SCH US TIPS ETF

      603       Shares of Common Stock or Exchange-Traded Fund      32,707   

SCHEIN HENRY INC

      120       Shares of Common Stock or Exchange-Traded Fund      16,338   

SCHLUMBERGER LTD F

      525       Shares of Common Stock or Exchange-Traded Fund      44,840   

SCHW EMG MKT EQ ETF

      154       Shares of Common Stock or Exchange-Traded Fund      3,688   

SCHW INTL EQ ETF

      123       Shares of Common Stock or Exchange-Traded Fund      3,569   

SCHW US LCAP ETF

      764       Shares of Common Stock or Exchange-Traded Fund      37,466   

SCHW US LCAP VAL ETF

      1,725       Shares of Common Stock or Exchange-Traded Fund      76,073   

SCHW US SCAP ETF

      424       Shares of Common Stock or Exchange-Traded Fund      23,389   

SCOR ADR FSPONSO

      3,000       Shares of Common Stock or Exchange-Traded Fund      8,940   

SEADRILL LTD F

      4,599       Shares of Common Stock or Exchange-Traded Fund      54,909   

SEALED AIR CORP NEW

      119       Shares of Common Stock or Exchange-Traded Fund      5,034   

SEATTLE GENETICS INC

      1,457       Shares of Common Stock or Exchange-Traded Fund      46,813   

SEAWORLD ENTERTAINMENT ** PEN

      84       Shares of Common Stock or Exchange-Traded Fund      1,504   

SECTOR SPDR ENGY SELECT SHARES

      600       Shares of Common Stock or Exchange-Traded Fund      47,496   

SECTOR SPDR FINCL SELECTSHARES

      1,023       Shares of Common Stock or Exchange-Traded Fund      25,287   

SECTOR SPDR INDL SELECT SHARES

      15       Shares of Common Stock or Exchange-Traded Fund      855   

SECTOR SPDR MATERIALS FDSHARES

      4       Shares of Common Stock or Exchange-Traded Fund      196   

SECTOR SPDR UTIL SELECT SHARES

      156       Shares of Common Stock or Exchange-Traded Fund      7,352   

SERVICE CORP INTL

      2,275       Shares of Common Stock or Exchange-Traded Fund      51,643   

SHERWIN WILLIAMS CO

      20       Shares of Common Stock or Exchange-Traded Fund      5,344   

SIEMENS A G ADR FSPONSO

      230       Shares of Common Stock or Exchange-Traded Fund      25,760   

SIERRA WIRELESS INC F

      750       Shares of Common Stock or Exchange-Traded Fund      35,543   

SILGAN HOLDINGS INC TENDER

      105       Shares of Common Stock or Exchange-Traded Fund      5,606   

SILICON GRAPHICS INC XXXBANKRU

      1,000       Shares of Common Stock or Exchange-Traded Fund      0   

SILVER WHEATON CORP F

      888       Shares of Common Stock or Exchange-Traded Fund      18,053   

 

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Table of Contents

WILLIS NORTH AMERICA INC.

401(K) RETIREMENT SAVINGS PLAN

Employer Identification Number—13-5654526

FORM 5500, SCHEDULE H, PART IV, LINE 4i—SCHEDULE OF ASSETS (HELD AT END OF YEAR)

DECEMBER 31, 2014

 

Identity of issue, borrower, lessor, or similar party    Shares / Units     

Description of investment including maturity date,

rate of

interest, collateral, par, or maturity value

    Current Value  

SIRIUS XM HLDGS INC

      12,619       Shares of Common Stock or Exchange-Traded Fund      44,167   

SMAVE SOLUTIONS INC

      3       Shares of Common Stock or Exchange-Traded Fund      0   

SMITH A O

      116       Shares of Common Stock or Exchange-Traded Fund      6,525   

SONICBLUE INC XXXBANKRU

      700       Shares of Common Stock or Exchange-Traded Fund      0   

SONY CORP ADR NEW F1 ADR

      100       Shares of Common Stock or Exchange-Traded Fund      2,047   

SOUTHERN ARC MINERALS F

      40,000       Shares of Common Stock or Exchange-Traded Fund      1,600   

SOUTHWEST AIRLINES CO

      100       Shares of Common Stock or Exchange-Traded Fund      4,232   

SPDR BARCLAYS ETF 1-3 YE

      1,204       Shares of Common Stock or Exchange-Traded Fund      36,812   

SPDR GOLD TRUST SPDR G

      692       Shares of Common Stock or Exchange-Traded Fund      78,597   

SPDR INDEX SHARES FUND DOW JO

      41       Shares of Common Stock or Exchange-Traded Fund      1,957   

SPDR S&P DIVIDEND ETF

      478       Shares of Common Stock or Exchange-Traded Fund      37,689   

SPDR SSGA EXCH TRADED FDBLACKS

      405       Shares of Common Stock or Exchange-Traded Fund      19,744   

SPECTRA ENERGY CORP

      1,330       Shares of Common Stock or Exchange-Traded Fund      48,279   

SPECTRASCIENCE INC NEW

      4,576       Shares of Common Stock or Exchange-Traded Fund      73   

SPIRIT AIRLINES ** PEN

      500       Shares of Common Stock or Exchange-Traded Fund      37,790   

SPLUNK INC ** PEN

      350       Shares of Common Stock or Exchange-Traded Fund      20,633   

SPONGETECH DELIVERY SYS TRADIN

      735,525       Shares of Common Stock or Exchange-Traded Fund      74   

SPRINT CORPORATION

      350       Shares of Common Stock or Exchange-Traded Fund      1,453   

STARBUCKS CORP

      444       Shares of Common Stock or Exchange-Traded Fund      36,431   

STARWOOD HTLS & RSTS NEW

      35       Shares of Common Stock or Exchange-Traded Fund      2,862   

STARWOOD PPTY TRUST INC ** PEN

      2,000       Shares of Common Stock or Exchange-Traded Fund      46,480   

STEMCELLS INC NEW

      1,370       Shares of Common Stock or Exchange-Traded Fund      1,286   

STERIS CORP

      250       Shares of Common Stock or Exchange-Traded Fund      16,213   

STMICROELECTRONICS NY FNY REG

      500       Shares of Common Stock or Exchange-Traded Fund      3,735   

STRATASYS LTD F

      3       Shares of Common Stock or Exchange-Traded Fund      249   

STRATEGIC MINING CORP TRADIN

      83       Shares of Common Stock or Exchange-Traded Fund      0   

STRATEGIC RESOURCES LTD TRADIN

      2,500       Shares of Common Stock or Exchange-Traded Fund      0   

SUN LIFE FINANCIAL INC F

      100       Shares of Common Stock or Exchange-Traded Fund      3,606   

SUNEDISON INC

      600       Shares of Common Stock or Exchange-Traded Fund      11,706   

SUNTECH POWER HLDGS CO ** PEN

      47       Shares of Common Stock or Exchange-Traded Fund      3   

SUPERVALU INC

      75       Shares of Common Stock or Exchange-Traded Fund      728   

SYNCHRONY FINANCIAL ** PEN

      300       Shares of Common Stock or Exchange-Traded Fund      8,925   

SYSCO CORPORATION

      100       Shares of Common Stock or Exchange-Traded Fund      3,969   

T J X COS INC

      867       Shares of Common Stock or Exchange-Traded Fund      59,464   

T R C COMPANIES INC

      105       Shares of Common Stock or Exchange-Traded Fund      666   

TAIWAN SEMICONDUCTR ADRFSPONSO

      20       Shares of Common Stock or Exchange-Traded Fund      448   

TANZANIAN ROYALTY EXPL F

      6,000       Shares of Common Stock or Exchange-Traded Fund      3,892   

TARGET CORPORATION

      1,339       Shares of Common Stock or Exchange-Traded Fund      101,616   

TE CONNECTIVITY LTD F

      9       Shares of Common Stock or Exchange-Traded Fund      595   

TELENAV INC ** PEN

      1,500       Shares of Common Stock or Exchange-Traded Fund      10,005   

TEREX CORP

      300       Shares of Common Stock or Exchange-Traded Fund      8,364   

TESCO PLC SPONSORED ADRF1 ADR

      120       Shares of Common Stock or Exchange-Traded Fund      1,043   

TESLA MOTORS INC ** PEN

      15       Shares of Common Stock or Exchange-Traded Fund      3,336   

THE SOUTHERN COMPANY

      792       Shares of Common Stock or Exchange-Traded Fund      38,899   

THE WENDYS COMPANY DUTCH

      400       Shares of Common Stock or Exchange-Traded Fund      3,612   

THE WHITEWAVE FOODS CO ** PEN

      350       Shares of Common Stock or Exchange-Traded Fund      12,247   

TIANRONG BLDG MAT HLDGS REGIST

      1,000       Shares of Common Stock or Exchange-Traded Fund      0   

TIME INC

      8       Shares of Common Stock or Exchange-Traded Fund      197   

TIME WARNER CABLE

      16       Shares of Common Stock or Exchange-Traded Fund      2,480   

TIME WARNER INC NEW

      323       Shares of Common Stock or Exchange-Traded Fund      27,600   

TORONTO DOMINION BANK F

      50       Shares of Common Stock or Exchange-Traded Fund      2,389   

TOTAL S A ADR F1 ADR

      100       Shares of Common Stock or Exchange-Traded Fund      5,120   

TRANSOCEAN INC NEW F

      179       Shares of Common Stock or Exchange-Traded Fund      3,281   

TRANSWITCH CORP NEW

      125       Shares of Common Stock or Exchange-Traded Fund      0   

TREMOR VIDEO INC ** PEN

      1,000       Shares of Common Stock or Exchange-Traded Fund      2,870   

TRIMBLE NAVIGATION LTD

      200       Shares of Common Stock or Exchange-Traded Fund      5,308   

TRINA SOLAR LTD ADR F** PEN

      100       Shares of Common Stock or Exchange-Traded Fund      926   

TRINITY INDUSTRIES INC

      900       Shares of Common Stock or Exchange-Traded Fund      25,209   

TRINITY INDUSTRIES INC

      300       Shares of Common Stock or Exchange-Traded Fund      8,403   

TRUEBLUE INC

      150       Shares of Common Stock or Exchange-Traded Fund      3,338   

TWO HARBORS INVESTMENT

      5,000       Shares of Common Stock or Exchange-Traded Fund      50,100   

TYCO INTL PLC NEW F

      38       Shares of Common Stock or Exchange-Traded Fund      1,671   

U S AUTO PARTS NETWORK ** PEN

      10,000       Shares of Common Stock or Exchange-Traded Fund      23,400   

U308 CORP F

      1,738       Shares of Common Stock or Exchange-Traded Fund      59   

UCORE RARE METALS INC F

      5,000       Shares of Common Stock or Exchange-Traded Fund      920   

ULTRA PETROLEUM CORP F

      250       Shares of Common Stock or Exchange-Traded Fund      3,290   

UNDER ARMOUR INC ** PEN

      620       Shares of Common Stock or Exchange-Traded Fund      42,098   

UNIGOLD INC F

      35,000       Shares of Common Stock or Exchange-Traded Fund      455   

UNILEVER PLC ADR NEW FWITH S

      225       Shares of Common Stock or Exchange-Traded Fund      9,108   

UNION PACIFIC CORP

      246       Shares of Common Stock or Exchange-Traded Fund      29,256   

UNITED CMNTY FINL CORP OHIO

      1,245       Shares of Common Stock or Exchange-Traded Fund      6,686   

UNITED CONTL HLDGS INC

      105       Shares of Common Stock or Exchange-Traded Fund      7,023   

UNITED PARCEL SERVICE B CLASS

      210       Shares of Common Stock or Exchange-Traded Fund      23,373   

 

- 26 -

Table of Contents

WILLIS NORTH AMERICA INC.

401(K) RETIREMENT SAVINGS PLAN

Employer Identification Number—13-5654526

FORM 5500, SCHEDULE H, PART IV, LINE 4i—SCHEDULE OF ASSETS (HELD AT END OF YEAR)

DECEMBER 31, 2014

 

Identity of issue, borrower, lessor, or similar party    Shares / Units     

Description of investment including maturity date,

rate of

interest, collateral, par, or maturity value

    Current Value  

UNITED TECHNOLOGIES CORP

      262       Shares of Common Stock or Exchange-Traded Fund      30,148   

UNIVERSAL DISPLAY CORP

      500       Shares of Common Stock or Exchange-Traded Fund      13,875   

URANERZ ENERGY CORP

      600       Shares of Common Stock or Exchange-Traded Fund      672   

URANIUM RESOURCES NEW

      1,000       Shares of Common Stock or Exchange-Traded Fund      1,860   

US BIOTEC INC NEW

      196       Shares of Common Stock or Exchange-Traded Fund      0   

VALERO ENERGY CORP NEW

      200       Shares of Common Stock or Exchange-Traded Fund      9,900   

VALLEY NATIONAL BANCORP

      1,223       Shares of Common Stock or Exchange-Traded Fund      11,873   

VANGUARD BOND INDEX FUNDTOTAL

      784       Shares of Common Stock or Exchange-Traded Fund      64,578   

VANGUARD DIV APPRCIATION

      2,008       Shares of Common Stock or Exchange-Traded Fund      162,939   

VANGUARD ENERGY ETF

      25       Shares of Common Stock or Exchange-Traded Fund      2,791   

VANGUARD FTSE EMERGING MARKET

      830       Shares of Common Stock or Exchange-Traded Fund      33,217   

VANGUARD FTSE ETF DEVELO

      759       Shares of Common Stock or Exchange-Traded Fund      28,751   

VANGUARD GROWTH

      2,839       Shares of Common Stock or Exchange-Traded Fund      296,349   

VANGUARD INTL EQTY ETF GLOBAL

      638       Shares of Common Stock or Exchange-Traded Fund      34,146   

VANGUARD REIT

      954       Shares of Common Stock or Exchange-Traded Fund      77,274   

VANGUARD TOTAL STOCK MKTSTK MK

      402       Shares of Common Stock or Exchange-Traded Fund      42,644   

VANGUARD WORLD FUNDS VANGUA

      140       Shares of Common Stock or Exchange-Traded Fund      16,363   

VASCO DATA SECURITY INTL

      600       Shares of Common Stock or Exchange-Traded Fund      16,926   

VELATEL GLOBAL COMM NEW

      200       Shares of Common Stock or Exchange-Traded Fund      0   

VERIFONE HOLDINGS INC ** PEN

      75       Shares of Common Stock or Exchange-Traded Fund      2,790   

VERIZON COMMUNICATIONS

      680       Shares of Common Stock or Exchange-Traded Fund      31,832   

VERTEX PHARMACEUTICALS

      10       Shares of Common Stock or Exchange-Traded Fund      1,188   

VESTA INSURANCE GROUPXXXBANKRU

      216       Shares of Common Stock or Exchange-Traded Fund      0   

VIACOM INC CL B NEW

      16       Shares of Common Stock or Exchange-Traded Fund      1,204   

VICAL INC

      10,000       Shares of Common Stock or Exchange-Traded Fund      10,500   

VISA INC ** PEN

      15       Shares of Common Stock or Exchange-Traded Fund      3,962   

VIVUS INC

      500       Shares of Common Stock or Exchange-Traded Fund      1,440   

VODAFONE GROUP NEW ADR FSPONSO

      179       Shares of Common Stock or Exchange-Traded Fund      6,116   

VOXX INTERNATIONAL CL A

      100       Shares of Common Stock or Exchange-Traded Fund      876   

VULCAN MATERIALS COMPANYEXCHAN

      200       Shares of Common Stock or Exchange-Traded Fund      13,146   

WABASH NATIONAL CORP

      600       Shares of Common Stock or Exchange-Traded Fund      7,416   

WABCO HOLDINGS INC

      39       Shares of Common Stock or Exchange-Traded Fund      4,086   

WALGREENS BOOTS ALLIANC

      80       Shares of Common Stock or Exchange-Traded Fund      6,096   

WAL-MART STORES INC

      263       Shares of Common Stock or Exchange-Traded Fund      22,551   

WELLS FARGO & CO NEW

      230       Shares of Common Stock or Exchange-Traded Fund      12,635   

WESTERN COPPER & GOLD F

      80       Shares of Common Stock or Exchange-Traded Fund      46   

WESTERN REFINING INC ** PEN

      9       Shares of Common Stock or Exchange-Traded Fund      345   

WHIRLPOOL CORP

      20       Shares of Common Stock or Exchange-Traded Fund      3,907   

WILLIAMS COMPANIES

      1,280       Shares of Common Stock or Exchange-Traded Fund      57,524   

WILLIAMS SONOMA

      100       Shares of Common Stock or Exchange-Traded Fund      7,568   

WILLIS GRP HLDGS PUBLICF

      160       Shares of Common Stock or Exchange-Traded Fund      7,170   

WISDOMTREE ASIA ETF LOCAL

      223       Shares of Common Stock or Exchange-Traded Fund      10,464   

WISDOMTREE DEFA EQUITY INCOME

      222       Shares of Common Stock or Exchange-Traded Fund      9,401   

WISDOMTREE EQUITY INC FDHI YIE

      93       Shares of Common Stock or Exchange-Traded Fund      5,697   

WISDOMTREE JPN HDGD EQTYJAPAN

      65       Shares of Common Stock or Exchange-Traded Fund      3,214   

WISDOMTREE MIDCAP DIVDNDMIDCAP

      20       Shares of Common Stock or Exchange-Traded Fund      1,699   

WISDOMTREE SMALLCAP DIV SMALLC

      75       Shares of Common Stock or Exchange-Traded Fund      5,331   

WISDOMTREE TRUST ** PEN

      65       Shares of Common Stock or Exchange-Traded Fund      2,737   

WMI HOLDINGS CORP

      2,000       Shares of Common Stock or Exchange-Traded Fund      4,099   

WORKDAY INC ** PEN

      50       Shares of Common Stock or Exchange-Traded Fund      4,080   

WPX ENERGY INC

      700       Shares of Common Stock or Exchange-Traded Fund      8,140   

XEROX CORP

      230       Shares of Common Stock or Exchange-Traded Fund      3,186   

XL GROUP PLC F

      800       Shares of Common Stock or Exchange-Traded Fund      27,495   

YAMANA GOLD INC F

      2,000       Shares of Common Stock or Exchange-Traded Fund      8,039   

YELP INC ** PEN

      50       Shares of Common Stock or Exchange-Traded Fund      2,736   

YORA INTL INC NEW

      275       Shares of Common Stock or Exchange-Traded Fund      0   

YORK WATER COMPANY

      300       Shares of Common Stock or Exchange-Traded Fund      6,962   

ZAGG INCORPORATED

      2,000       Shares of Common Stock or Exchange-Traded Fund      13,579   

ZILLOW INC CL A ** PEN

      25       Shares of Common Stock or Exchange-Traded Fund      2,646   

ZION OIL & GAS INC ** PEN

      1,100       Shares of Common Stock or Exchange-Traded Fund      1,506   

ZIX CORPORATION

      20       Shares of Common Stock or Exchange-Traded Fund      71   

ZS PHARMA INC ** PEN

      300       Shares of Common Stock or Exchange-Traded Fund      12,470   

ZULILY INC ** PEN

      100       Shares of Common Stock or Exchange-Traded Fund      2,339   

ZYNGA INC ** PEN

      1,000       Shares of Common Stock or Exchange-Traded Fund      2,659   
        

 

 

  

Total

   13,577,523   
        

 

 

  

Guaranteed Investment Contracts

WILLIS STABLE VALUE FUND

 Group Annuity Insurance Contracts   126,453,848   

TFLIC STABLE 5 FUND

 Group Annuity Insurance Contracts   39,156,549   
        

 

 

  

Total

   165,610,397   
        

 

 

  

Money Market Funds

Cash

   390,438    Money Market   390,438   

SCHWAB US TREAS MONEY FD

   427,516    Money Market   427,516   

SCHWAB MONEY MARKET FUND

   3,945,655    Money Market   3,945,655   

 

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WILLIS NORTH AMERICA INC.

401(K) RETIREMENT SAVINGS PLAN

Employer Identification Number—13-5654526

FORM 5500, SCHEDULE H, PART IV, LINE 4i—SCHEDULE OF ASSETS (HELD AT END OF YEAR)

DECEMBER 31, 2014

 

Identity of issue, borrower, lessor, or similar party    Shares / Units     

Description of investment including maturity date,

rate of

interest, collateral, par, or maturity value

    Current Value  

SCHWAB CASH RESERVES SWEEP

      6,755       Money Market      6,755   
        

 

 

  

Total

   4,770,364   
        

 

 

  

Other Financial Assets

TFLIC General Account

 General Account   449,417   

State Street Bank & Trust Co. Cash Reserve Account

 Cash Reserve Account   29,714   

GOLDMAN SACHS GROUP 5% 09/15/2

   20,000    Corporate Bonds   20,069   

L-3 COMMS CORP 4.75% 07/15/202

   11,000    Corporate Bonds   11,776   

SOUTHWEST AIRLINES 5.75% 12/15

   10,000    Corporate Bonds   10,816   

TIME WARNER CABLE 4.125% 02/15

   20,000    Corporate Bonds   21,304   

WELLS FARGO & CO 4.125% 08/15/

   15,000    Corporate Bonds   15,748   

BANK HAPOALIM B.M. US 0.3% CD

   5,000    CD   5,001   

BANK OF CHINA NY US 0.4% CD 09

   5,000    CD   5,000   

CIT BANK US 3.1% CD 10/23/2024

   30,000    CD   29,711   

COMPASS BANK US 0.85% CD 02/13

   50,000    CD   50,014   

DISCOVER BK US 1% CD 03/30/201

   50,000    CD   50,091   

DISCOVER BK US 1.9% CD 09/21/2

   9,000    CD   9,195   

DISCOVER BK US 2.2% CD 05/25/2

   15,000    CD   15,344   

EVERBANK US 0.4% CD 07/30/2015

   10,000    CD   10,003   

FLUSHING SVGS BK FSB US 1.55%

   50,000    CD   49,338   

GE CAPITAL BANK US 1% CD 09/19

   10,000    CD   10,064   

GE CAPITAL BANK US 1.05% CD 10

   20,000    CD   20,115   

GE CAPITAL BANK US 2.8% CD 10/

   22,000    CD   22,021   

GOLDMAN SACHS BK USA US 1% CD

   10,000    CD   10,035   

GOLDMAN SACHS BK USA US 2% CD

   42,000    CD   41,812   

GOLDMAN SACHS BK USA US 3.25%

   245,000    CD   255,096   

PARK STERLING BANK US 0.5% CD

   50,000    CD   49,972   

PEOPLE’S UNITED BANK US 0.3% C

   50,000    CD   50,009   
        

 

 

  

Total

   1,241,665   
        

 

 

  
  828,834,064   

PARTICIPANT NOTES RECEIVABLE

 Participant notes receivable bearing interest ranging from 4.25% to 9.25% and maturity dates from January 1, 2015 to December 1, 2029   9,135,460   
Adjustment from Fair Value to Contract Value for Stable Value Funds   (13,700,515 ) 
        

 

 

  
$ 824,269,009   
        

 

 

  

 

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Table of Contents

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the Willis 401(k) Retirement Savings Plan) have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.

 

WILLIS 401(K) RETIREMENT SAVINGS PLAN
By: /s/ Lynn Bissinger

Lynn Bissinger

Director, US Benefits

Willis North America Inc.

Dated: June 26, 2015