11-K 1 amp401kplan123118doc.htm 11-K Document



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 

FORM 11-K

ý    ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 
For the year ended December 31, 2018
 
Or

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


For the Transition Period from __________________ to __________________


Commission file number 1-32525





A.
Full title of the plan and the address of the plan, if different from that of the issuer named below:
AMERIPRISE FINANCIAL 401(k) PLAN

 
B.
Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:
AMERIPRISE FINANCIAL, INC.
55 Ameriprise Financial Center
Minneapolis, MN 55474













Ameriprise Financial 401(k) Plan
 Financial Statements and Supplemental Schedule
 
December 31, 2018 and 2017
with Report of Independent Registered Public Accounting Firm



Ameriprise Financial 401(k) Plan
Form 11-K


INDEX
 
Report of Independent Registered Public Accounting Firm
1

 
Financial Statements
 
 
Statements of Net Assets Available for Benefits as of December 31, 2018 and 2017
2

 
Statements of Changes in Net Assets Available for Benefits for the years ended December 31, 2018 and 2017
3

 
Notes to Financial Statements
4

 
Supplemental Schedule
 
 
Schedule H, Line 4i — Schedule of Assets (Held at End of Year)
11

 
Signature
19

 
Exhibit Index
20





Report of Independent Registered Public Accounting Firm

To the Administrator and Plan Participants of the Ameriprise Financial 401(k) Plan

Opinion on the Financial Statements

We have audited the accompanying statements of net assets available for benefits of the Ameriprise Financial 401(k) Plan (the “Plan”) as of December 31, 2018 and December 31, 2017 and the related statement of changes in net assets available for benefits for the years then ended, including the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2018 and December 31, 2017, and the changes in net assets available for benefits for the years then ended in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on the Plan’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

Supplemental Information

The supplemental schedule of assets (held at end of year) as of December 31, 2018 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 conformity with the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the supplemental schedule is fairly stated, in all material respects, in relation to the financial statements as a whole.



/s/ PricewaterhouseCoopers LLP
Minneapolis, Minnesota
June 26, 2019

We have served as the Plan’s auditor since 2012.

1

Ameriprise Financial 401(k) Plan

Statements of Net Assets Available for Benefit
 
December 31,
2018
 
2017
Assets
 

 
 

Cash
$
715,083

 
$
878,240

Investments at fair value
1,697,978,201

 
1,860,261,472

Investments at contract value
131,475,299

 
146,645,672

Receivables:
 

 
 

Accrued income
35,929

 
39,428

Due from broker
2,248,051

 
3,704,338

Employer contributions
4,331,507

 
2,219,003

Participant loans
34,925,673

 
34,098,440

Total assets
1,871,709,743

 
2,047,846,593

 
 
 
 
Liabilities
 

 
 

Due to broker
3,423,856

 
2,486,749

Accrued expenses
78,426

 
217,103

Total liabilities
3,502,282

 
2,703,852

Net assets available for benefits at end of year
$
1,868,207,461

 
$
2,045,142,741

See Notes to Financial Statements.


2

Ameriprise Financial 401(k) Plan

Statements of Changes in Net Assets Available for Benefits
 
Years Ended December 31,
2018
 
2017
Contributions:
 
 
 

Employer, net of forfeitures
$
53,954,466

 
$
49,427,272

Participant
103,087,818

 
94,527,075

Participant rollovers
14,347,962

 
8,062,254

Total contributions
171,390,246

 
152,016,601

Investment income (loss):
 
 
 
Interest
2,829,458

 
3,627,934

Dividends
10,940,090

 
10,142,599

Net realized/unrealized appreciation (depreciation)
(216,286,053
)
 
333,684,592

Total investment income (loss)
(202,516,505
)
 
347,455,125

Other income
83,892

 
191,202

Interest on participant loans
1,302,324

 
1,161,289

Total additions
(29,740,043
)
 
500,824,217

Administrative expenses
(1,004,825
)
 
(1,300,339
)
Withdrawal payments
(146,190,412
)
 
(155,897,287
)
Total deductions
(147,195,237
)
 
(157,197,626
)
Net increase (decrease) in net assets available for benefits
(176,935,280
)
 
343,626,591

Net assets available for benefits at beginning of year
2,045,142,741

 
1,701,516,150

Net assets available for benefits at end of year
$
1,868,207,461

 
$
2,045,142,741

See Notes to Financial Statements.


3

Ameriprise Financial 401(k) Plan
Notes to Financial Statements
December 31, 2018

1.  Description of the Plan
General
The Ameriprise Financial 401(k) Plan (the “Plan”), which became effective October 1, 2005, is a defined contribution plan. Under the terms of the Plan, certain regular full-time and part-time employees of Ameriprise Financial, Inc. and its participating subsidiaries (the “Company”) can make contributions to the Plan and are eligible to receive Company contributions beginning with the pay period in which they complete 60 days of service.
The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). The following is not a comprehensive description of the Plan, and therefore, does not include all situations and limitations covered by the Plan. Participants should refer to the Plan document for more complete information.
Recordkeeping and Trustee of Plan Assets
Wells Fargo Bank, N.A. is the Plan’s trustee for all assets, and Alight Solutions is the Plan’s recordkeeper, including the self-directed brokerage account. The Plan is administered by the Ameriprise Financial Employee Benefits Administration Committee (“EBAC”). The Ameriprise Financial 401(k) Investment Committee (“KIC”) selects and monitors the investment options offered to participants under the Plan and oversees matters related to Plan investments (excluding the Ameriprise Financial Stock Fund and investments selected by participants under the self-directed brokerage account). Members of the EBAC and KIC are appointed by fiduciaries as specified in the Plan.
Contributions
Elective Contributions
Each pay period, eligible participants may make pretax and/or Roth 401(k) contributions (up to 80% of eligible compensation), and after-tax contributions (up to 10% of eligible compensation) or a combination of any of the three, not to exceed 80% of their eligible compensation to the Plan through payroll deductions. The Internal Revenue Code of 1986, as amended (the “Code”), imposes a limitation on participants’ pretax and Roth contributions to plans that are qualified under Code Section 401(k) and other specified tax favored plans. This limit was $18,500 and $18,000 for 2018 and 2017, respectively, for employees under age 50. For employees age 50 and older the limit was $24,500 and $24,000 for 2018 and 2017, respectively. The Plan complied with nondiscrimination requirements under the Code for both 2018 and 2017.
Fixed Match Contributions
The Company matches 100% of the first 5% of eligible compensation an employee contributes on a pretax and/or Roth 401(k) basis for each pay period. At the end of each year, the Company completes a fixed match true-up for qualifying participants to ensure the fixed match contribution provided by the Company is equal to the lesser of 5% of eligible compensation or the participants’ annual deferral rate average. Participants must be employed on the last business day of the Plan year or have terminated employment, generally due to retirement (at or after age 65), disability (as defined in the Plan) or death to receive a true-up contribution.
Limit on Contributions
For purposes of the Plan, eligible compensation is a participant’s regular cash compensation up to $275,000 and $270,000 for 2018 and 2017, respectively, before tax deductions and certain other withholdings. Eligible compensation for all employees includes performance related cash bonuses, overtime, commissions and certain other amounts in addition to regular earnings.
Rollover Contributions
A rollover is a transfer to the Plan of a qualified distribution in accordance with the provisions of the Plan. Rollovers into the Plan are not eligible for Company match contributions.
Vesting
Participants are immediately vested in their pretax, Roth 401(k), after-tax, and rollover contributions and any income and appreciation on such contributions. Company contributions are vested on a five-year graded schedule of 20% per year of service with the Company or if the participant attains age 65 as an active employee, becomes disabled or deceased while employed. Company contributions not vested at the time of termination of employment are forfeited and can be used to pay plan expenses or future Company contributions. Forfeitures for the plan years ended December 31, 2018 and 2017 were $1,229,748 and $1,903,862, respectively.
Tax Status
As long as the Plan remains qualified and tax exempt, amounts invested in the Plan through participant and Company contributions and rollovers, as well as any income and appreciation on such amounts, are not subject to federal income tax until distributed to the participant. See Note 8 for additional information on the Plan’s tax status.

4

Ameriprise Financial 401(k) Plan
Notes to Financial Statements (continued)
December 31, 2018

Distributions and Withdrawals
If employment ends, participants are eligible to receive a distribution of their vested account balance. Participants (or their beneficiaries) may elect to receive their accounts as a single lump-sum distribution in cash, whole shares of common stock, mutual fund shares held under the self-directed brokerage account, or a combination of cash and shares. Partial payments may be available to participants who meet certain requirements set forth in the Plan document. Terminated participants can defer payments until age 70½.
Participants may be eligible to request an in-service withdrawal of all or a portion of their vested account balance subject to limitations under the terms of the Plan and certain tax penalties imposed by the Code. Participants may elect to receive their withdrawal in cash, whole shares of common stock, mutual fund shares held under the self-directed brokerage account, or a combination of cash and shares.
Loan Program
Participants may borrow from their fund accounts a minimum of $500 and up to a maximum of the lesser of $50,000 or 50% of their vested account balance. The administrative loan origination fee of $75 per loan is paid by the participant and is deducted from the proceeds of the loan. Loan terms range up to 59 months unless the loan is used towards the purchase of a primary residence in which case the loan terms can range up to 359 months. The loans are secured by the balance in the participant’s account and bear a fixed interest rate of the prime rate as reported in the Wall Street Journal on the first business day of the month before the date the loan is originated. Principal and interest payments are deducted automatically from the participant’s pay each period. If the participant’s employment with the Company ends for any reason, and their Plan loan is current, the Plan allows the participant to continue making loan repayments if the participant contacts the Plan’s Administrative Delegate to request a loan-repayment coupon book before their loan would otherwise default. If so requested, upon the participant’s termination, the participant’s loan will be re-amortized to a monthly repayment schedule.
If the participant’s employment with the Company ends for any reason, and their Plan loan is in default when their employment ends, they have the option to pay off the loan in full within 60 days. If the outstanding loan is not paid in full within 60 days from separation from service, the loan will automatically be foreclosed and the amount outstanding will be immediately deducted from the benefit payable to the plan participant from the Plan. The amount deducted will be treated as a distribution to that participant regardless of whether they elected to receive a distribution of their vested Plan account. Unless the outstanding loan amount was previously taxed as a “deemed distribution,” the participant will then be responsible for any income taxes on the amount of the outstanding loan balance and possibly a 10% additional penalty tax that applies to early distributions.
Plan Termination
Although it has not expressed any intent to do so, the Company has the right under the Plan to discontinue its contributions at any time and to terminate the Plan subject to the provisions of ERISA. In the event of Plan termination, participants will become 100% vested in their accounts.
2.  Significant Accounting Policies and Adoption of New Accounting Standards
Basis of Accounting
The accompanying financial statements have been prepared on the accrual basis of accounting.
Use of Estimates
The preparation of financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.
Plan Fees and Expenses
Administrative expenses, which may include recordkeeping, participant servicing, legal fees, trustee fees, loan origination fees, fees incurred within the self-directed brokerage account and investment consulting fees, among other expenses, are paid by Plan participants and recorded as incurred, unless paid by the Company. The Company currently pays a portion of the administrative expenses, including fees of the auditors, legal fees and certain investment managers.
Fees paid to investment managers are paid from the fees associated with the investment options offered by the Plan, unless paid by the Company. In addition, expenses related to the investment of the Plan funds, for example, brokerage commissions, stock transfer or other taxes and charges incurred for the purchase or sale of the funds’ investments, as opposed to administrative expenses, are generally paid by the Plan participants out of the applicable investment. Fees paid out of an investment reduce the return of that investment.
A flat fee of $21 per quarter is charged to participant accounts with a balance of $5,000 or more (including loan balances). It is deducted proportionately from the participant’s investment options on a quarterly basis. The fee is deposited in the dedicated expense

5

Ameriprise Financial 401(k) Plan
Notes to Financial Statements (continued)
December 31, 2018

account and may be used to pay eligible administrative expenses of the Plan. The only 12b-1 fees incurred are on certain self-directed brokerage funds.
Other Income
Other income includes revenue sharing payments made to the Plan from a portion of the 12b-1 fees incurred from certain funds within the self-directed brokerage account. These payments are deposited in the dedicated expense account and may be used to pay eligible administrative expenses of the Plan. Other income is recorded when earned.
Valuation of Investments and Income Recognition
Investments are reported at fair value, with the exception of fully benefit-responsive investment contracts which are reported at contract value. See Note 4 and Note 5 for the Plan’s accounting policies related to the fully benefit-responsive investment contracts and the valuation of investments.
Purchases and sales of securities are reflected on a trade-date basis. The cost of securities sold is determined using the average cost method. Dividend income is recorded on the ex-dividend date. Interest income is recorded as earned. As required by the Plan, all dividend and interest income is reinvested into the same investment funds in which the dividends and interest arose. Net appreciation (depreciation) includes the Plan’s gains and losses on investments bought and sold as well as the change in fair value of assets.
Participant Loans
Participant loans are measured at their unpaid principal balance plus any accrued but unpaid interest, which is a reasonable estimate of fair value due to restrictions on the transfers of these loans. Interest income on participant loans is recorded when it is earned. 
Withdrawal Payments 
Withdrawal payments are recorded when paid. 
Adoption of New Accounting Standards
Fair Value Measurement – Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement
In August 2018, the Financial Accounting Standards Board updated the accounting standards related to disclosures for fair value measurements. The update eliminates the following disclosures: 1) the amount of and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy, 2) the policy of timing of transfers between levels of the fair value hierarchy, and 3) the valuation processes for Level 3 fair value measurements. These updates should be applied retrospectively. The update is effective for annual periods beginning after December 15, 2019. Early adoption is permitted. The Plan early adopted the standard to eliminate disclosure requirements in 2018 on a retrospective basis. There is no impact of the standard to the Plan’s Statements of Net Assets Available for Benefits and Statements of Changes in Net Assets Available for Benefits.
3.  Investments
Investment Elections
A participant may currently elect to invest contributions in any combination of investment funds in increments of 1% and change investment elections for future contributions or transfer existing account balances on any business day the New York Stock Exchange is open. Investment funds may impose redemption restrictions.
Investment Options
A summary of investment options at December 31, 2018 is set forth below.
Mutual Funds
Wells Fargo Advantage Small Company Growth R6 is managed by Peregrine Capital Management and invests in small-capitalization growth companies in the discovery and rediscovery phases of development.
Collective Investment Funds
The Collective Investment Funds include various investment options as follows: Voya Target Solution Trust Funds, Victory Small Cap Value Collective Fund (75), Boston Partners Large Cap Value Equity CIT (Class D), Wellington Trust NA CIF II Growth 2, Columbia Trust Large Cap Index Fund A, Ivy Investments International Core Equity CIT Fund (Class 3), EB US Mid Cap Opportunistic Value Fund II, Columbia Trust Balanced Fund (Class I), Columbia Trust Contrarian Core Fund Class 1 and Columbia Trust Total Return Fund I.
Collective investment funds allow for daily redemptions but may require advance notice in certain circumstances. There were no unfunded commitments for the Collective Investment Funds at December 31, 2018 and 2017.

6

Ameriprise Financial 401(k) Plan
Notes to Financial Statements (continued)
December 31, 2018

Separate Accounts
The Congress Mid Cap Growth Fund is a separate account managed by Congress Asset Management Company. The fund invests at least 80% of its net assets in equity securities of mid-capitalization companies. The remaining 20% of its net assets can be invested in equity securities of small-capitalization and large-capitalization companies.
Ameriprise Financial Stock Fund
The Ameriprise Financial Stock Fund is an Employee Stock Ownership Plan (“ESOP”) that invests primarily in the Company’s common stock, purchased in either the open market or directly from the Company, and in cash or short-term cash equivalents.
Self-Directed Brokerage Account
The Plan’s self-directed brokerage option gives participants the freedom to invest in more than 14,000 mutual funds including exchange-traded funds and closed-ended mutual funds. Ameriprise Financial, Inc. was formerly a wholly owned subsidiary of American Express Company (“American Express”). On September 30, 2005, Ameriprise Financial, Inc. spun-off from American Express. As a result, American Express common stock was an investment option as specified by the Plan. Employees had the option to transfer the value of the American Express common stock to another investment in the Plan or transfer it to the self-directed brokerage option. American Express common stock may be held in the self-directed brokerage account on a hold or sell basis only and, with the exception of reinvestment of dividends, new purchases are not allowed.
Income Fund
The Income Fund is a stable value separately managed account which invests primarily in various book value wrap contracts with varying maturities, sizes and yields, offered by insurance companies, banks or financial institutions, which are backed by fixed income securities issued by the U.S. government and its agencies. See Note 4 for a more comprehensive discussion of book value wrap contracts. Ameriprise Trust Company is the investment manager for the Income Fund. The Income Fund also invests in the Columbia Trust Government Money Market Fund (which invests primarily in short-term debt instruments issued by the U.S. government and its agencies), the Columbia Trust Declining Duration Bond Fund (which invests primarily in U.S. government and agency bonds and mortgage backed securities issued or guaranteed by the U.S. government) and the MetLife Insurance Stable Value Government Separate Account (which invests primarily in U.S. government and agency bonds and mortgage backed securities issued or guaranteed by the U.S. government). The investment objective of the Income Fund is to preserve principal and income, while maximizing current income. There is no assurance that the Income Fund will meet its objective.
4.  Book Value Wrap Contracts
Book value wrap contracts are fully benefit-responsive and comprised of both an investment and a contractual component. The investment component consists of units of collective investment funds with fixed income strategies and a pooled portfolio of actively managed fixed income securities, referred to as the Covered Assets, which may be owned by the Income Fund or in some cases the third party that underwrites the performance of the Covered Assets for the benefit of the Income Fund. The securities owned by the third party are held in a Separate Account and are not subject to the liabilities of the general account of the third party. The Covered Assets include U.S. government and agency bonds and mortgage backed securities issued or guaranteed by the U.S. government. The Income Fund enters into book value wrap contracts (the contractual component) with third parties, generally insurance companies, banks or financial institutions, to underwrite the performance of the Covered Assets from the risk of adverse interest rate movements. Under these contracts, the third party is obligated to provide sufficient funds to cover participant benefit withdrawals and certain types of investment transfers regardless of the market value of the Covered Assets. While the contracts are designed to protect the Income Fund against interest rate risk, the Income Fund is still exposed to risk if issuers of Covered Assets default on payment of interest or principal or upon the occurrence of certain events, described below, involving the Income Fund, its plan sponsor or its investment manager.
Fully benefit-responsive book value wrap contracts held by a separately managed account created for a defined contribution plan are reported at contract value. Contract value is the relevant measurement attribute for that portion of the net assets available for benefits of a defined contribution plan attributable to fully benefit-responsive book value wrap contracts because contract value is the amount participants would receive if they were to initiate permitted transactions under the terms of the Plan. Contract value represents the face amount of the contract plus accrued interest at the contract rate.
Certain events may limit the ability of the Income Fund to transact at contract value with the book value wrap contract issuers for participant benefit payments or investment transfers. Possible events include a transfer from the Income Fund in violation of the equity wash required by the book value wrap contracts. An equity wash restriction prohibits money from being moved directly from the Income Fund to the self-directed brokerage account, without first being invested in another investment fund for 90 days. After the 90 days, the assets may be transferred from the other investment fund to the self-directed brokerage account. Other possible events include participant-directed withdrawals that occur due to a plan sponsor-initiated event, such as the implementation of an early retirement program or facility closing, of which the book value wrap contract issuer has not been made aware, or a request by the trustee to terminate a contract at market value. While these events are not probable, it is possible that they could occur.

7

Ameriprise Financial 401(k) Plan
Notes to Financial Statements (continued)
December 31, 2018

Certain events may allow the book value wrap contract issuer to terminate a book value wrap contract and settle at the market value of the Covered Assets, as opposed to contract value. These events may include the termination of the Plan or the Trust holding the Income Fund assets, the replacement of the trustee of the Income Fund without the consent of the book value wrap contract issuer, a change in the investment guidelines, administration or policies of the Income Fund that may cause a material adverse effect on the book value wrap contract issuer, a breach of the contract terms by a counterparty, a legal or regulatory event such as a ruling by a regulatory agency governing the Income Fund, its investment manager or the book value wrap contract issuer that may cause material adverse effect to a party under the book value wrap contract, or the failure of the Trust to be tax-exempt under the Internal Revenue Code.
5.  Fair Value Measurements
U.S. GAAP defines fair value as 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; that is, an exit price. The exit price assumes the asset or liability is not exchanged subject to a forced liquidation or distressed sale.
Valuation Hierarchy
The Plan categorizes its fair value measurements according to a three-level hierarchy. The hierarchy prioritizes the inputs used by the Plan’s valuation techniques. A level is assigned to each fair value measurement based on the lowest level input that is significant to the fair value measurement in its entirety. The three levels of the fair value hierarchy are defined as follows:
Level 1
Unadjusted quoted prices for identical assets or liabilities in active markets that are accessible at the measurement date.
Level 2
Prices or valuations based on observable inputs other than quoted prices in active markets for identical assets and liabilities.
Level 3
Prices or valuations that require inputs that are both significant to the fair value measurement and unobservable.
The following tables present the balances of assets measured at fair value on a recurring basis.
 
December 31, 2018
Level 1
 
Level 2
 
Level 3
 
Total
Investments
 

 
 

 
 

 
 

Mutual funds
$
51,080,548

 
$
—

 
$
—

 
$
51,080,548

Ameriprise Financial common shares
157,009,450

 
—

 
—

 
157,009,450

Self-directed brokerage account
321,412,498

 
—

 
—

 
321,412,498

Collective investment funds measured at net asset value (“NAV”) (1)
 
 
 
 
 
 
1,088,964,984

Separate accounts measured at NAV (1)
 
 
 
 
 
 
79,510,721

Total investments at fair value
$
529,502,496

 
$
—

 
$
—

 
$
1,697,978,201

 
December 31, 2017
Level 1
 
Level 2
 
Level 3
 
Total
Investments
 

 
 

 
 

 
 

Mutual funds
$
49,097,690

 
$
—

 
$
—

 
$
49,097,690

Ameriprise Financial common shares (2)
237,482,415

 
—

 
—

 
237,482,415

Self-directed brokerage account
345,665,868

 
—

 
—

 
345,665,868

Collective investment funds measured at NAV (1)(2)
 
 
 
 
 
 
1,144,487,749

Separate accounts measured at NAV (1)
 
 
 
 
 
 
83,527,750

Total investments at fair value
$
632,245,973

 
$
—

 
$
—

 
$
1,860,261,472

(1) Amounts are comprised of investments measured at fair value using NAV (or its equivalent) as a practical expedient and have not been classified within the fair value hierarchy.
(2) The fair value of money market funds in the Ameriprise Financial Stock Fund was previously reported in Level 1. As the fair value of these funds is measured at NAV as a practical expedient, they have been removed from the fair value classification in the fair value hierarchy and included in Collective investment funds measured at NAV. The fair value of these funds was approximately $3.0 million as of December 31, 2017.
Determination of Fair Value
The Plan uses valuation techniques consistent with the market approach to measure the fair value of its assets. The Plan’s market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets. The

8

Ameriprise Financial 401(k) Plan
Notes to Financial Statements (continued)
December 31, 2018

Plan maximizes the use of observable inputs and minimizes the use of unobservable inputs. All other assets of the Plan are valued using net asset value (“NAV”).
The following is a description of the valuation techniques used to measure fair value and the general classification of these instruments pursuant to the fair value hierarchy.
Investments
Mutual Funds
The fair value of the Wells Fargo Advantage Small Company Growth R6 fund is determined by the NAV which represents the exit price. The fair value is classified as Level 1 as the fund is traded in active markets and quoted prices are available.
Ameriprise Financial Common Shares
The fair value of Ameriprise Financial, Inc. common shares is determined using quoted prices in active markets and is classified as Level 1.
Self-Directed Brokerage Account
Actively traded money market funds are measured at NAV and classified as Level 1. The fair value of common stock and exchange-traded funds are determined using quoted prices in active markets and are classified as Level 1. The fair value of mutual funds is determined by the NAV which represents the exit price. Mutual funds are classified as Level 1 as they are traded in active markets and quoted prices are available.
Collective Investment Funds
The fair value of collective investment funds is determined by the NAV of the funds. The NAV is used as a practical expedient and represents the exit price for the funds. These funds are excluded from classification in the fair value hierarchy. Collective investment funds are traded in principal-to-principal markets with little publicly released pricing information.
Separate Accounts
The fair value of units in separate accounts is measured at NAV as a practical expedient and represents the exit price. Separate accounts are excluded from classification in the fair value hierarchy.
6.  Transactions with Parties-in-Interest
The Plan allows for transactions with certain parties who may perform services or have fiduciary responsibilities to the Plan. Parties-in-interest include the Company and the trustee of the Plan assets (Wells Fargo Bank, N.A.). Transactions involving funds managed by the Company and trustee of Plan assets are considered party-in-interest transactions. These transactions, based on customary and reasonable rates, are not, however, considered prohibited transactions under Section 408(b) of ERISA and the regulations promulgated thereunder.
The Columbia Trust collective funds are maintained by Ameriprise Trust Company, a Minnesota-chartered trust company, and distributed by Columbia Management Investment Distributors, Inc., member FINRA. Ameriprise Trust Company serves as trustee and offers investment management and related services to these collective funds. Columbia Management Investment Advisers, LLC provides investment advice for certain of these funds in a subadvisory capacity. These companies are wholly-owned subsidiaries of Ameriprise Financial, Inc.
The total fair value of Ameriprise Financial, Inc.’s common stock held by plan participants was $157,009,450 and $237,482,415 at December 31, 2018 and 2017, respectively. The total fair value of the investment options, excluding the self-directed brokerage account, managed by subsidiaries of Ameriprise Financial, Inc. was $425,285,914 and $449,555,267 at December 31, 2018 and 2017, respectively. As investment manager, these subsidiaries earn annual management fees ranging from 0.11% to 0.41% of the amounts invested in the Collective Investment Funds. Fees incurred for investment management services for the Income Fund, excluding fees associated with wrap contracts which are paid by the Plan, are paid directly by the Company. Fees paid by the Plan for investment management services are included as a reduction of the return earned on each collective investment fund. Participant loans also qualify as party-in interest transactions and are secured by the vested balances in participant accounts.
See Note 2 for more information on Plan fees and expenses.
7.  Risks and Uncertainties
The Plan invests in various investment securities, which are exposed to various risks such as interest rate, market and credit risks. Due to the level of risk associated with certain investments, it is at least reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect participants’ account balances and the amounts reported in the Statements of Net Assets Available for Benefits. 

9

Ameriprise Financial 401(k) Plan
Notes to Financial Statements (continued)
December 31, 2018

8.  Income Tax Status
The Plan received a favorable determination letter from the Internal Revenue Service dated September 7, 2017 indicating that the Plan is qualified under the Code and the Trust established under the Plan is tax-exempt and the Plan satisfies the requirement of Code Section 4975(e)(7). The Plan has been amended after the period covered by the determination letter. Once qualified, the Plan is required to operate in conformity with the Code to maintain its qualification. The Company believes the Plan, as amended, is currently designed and operated in compliance with the applicable requirements of the Code, and therefore the Plan and the Trust are intended to be qualified and tax-exempt, and the Plan is intended to satisfy the requirements of Code Section 4975(e)(7). Effective January 1, 2017, the IRS no longer issues determination letters to qualified plans on a five-year cycle to evidence compliance with IRS rules.
There are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the Plan’s financial statements. The Plan is subject to routine audits by tax jurisdictions; however, there are currently no audits for any tax periods in progress. The Plan believes it is no longer subject to income tax examinations for years prior to 2014.
9.  Reconciliation of Financial Statements to Form 5500
The following is a reconciliation of amounts reported in the financial statements to amounts reported on Form 5500.
 
December 31,
2018
 
2017
Net assets available for benefits per the financial statements
$
1,868,207,461

 
$
2,045,142,741

Deemed distributions of participant loans
(342,741
)
 
(379,566
)
Difference between contract value and fair value of fully benefit-responsive investment contracts
(2,424,706
)
 
(1,503,575
)
Net assets available for benefits per Form 5500
$
1,865,440,014

 
$
2,043,259,600

 
Years Ended December 31,
2018
 
2017
Net increase (decrease) in net assets available for benefits per the financial statements
$
(176,935,280
)
 
$
343,626,591

Change in deemed distributions of participant loans
36,825

 
(39,582
)
Change in difference between contract value and fair value of fully benefit-responsive investment contracts
(921,131
)
 
(1,079,523
)
Net income (loss) per Form 5500
$
(177,819,586
)
 
$
342,507,486

10.  Subsequent Events
The Company evaluated events or transactions that occurred after the statement of net assets available for benefits date for potential recognition or disclosure through the date the financial statements were issued. The annual fixed match true-up contribution for the 2018 plan year, which is recorded as a receivable at December 31, 2018, was posted to participant accounts on January 25, 2019.

10





Ameriprise Financial 401(k) Plan
SUPPLEMENTAL SCHEDULE


11

Ameriprise Financial 401(k) Plan
Schedule H, Line 4i — Schedule of Assets (Held at End of Year)
December 31, 2018

(a)
(b)  Identity of Issue, Borrower, Lessor, or Similar Party
(c) Shares/Units or Face Amount
 
(d)
Cost**
 
(e) Current Value

 
Mutual Funds —
 

 
 
 
 

*
Wells Fargo Advantage Small Company Growth R6
1,073,798

 
 
 
$
51,080,548

 
Total Mutual Funds
 

 
 
 
51,080,548

 
 
 
 
 
 
 
 
Collective Investment Funds —
 
 
 
 
 

*
Columbia Trust Balanced Fund (Class I)
4,323,723

 
 
 
60,748,306

*
Columbia Trust Contrarian Core Fund
11,443,806

 
 
 
144,077,520

*
Columbia Trust Gov Money Market Fund
7,097,276

 
 
 
7,097,276

*
Columbia Trust Total Return Fund I
6,409,460

 
 
 
66,402,006

*
Columbia Trust Large Cap Index Fund A
1,472,640

 
 
 
133,583,135

 
EB US Mid Cap Opportunistic Value Fund II
3,396,529

 
 
 
37,056,135

 
Boston Partners Large Cap Value Equity CIT D
3,559,868

 
 
 
68,919,038

 
Victory Small Cap Value Collective Fund (75)
2,146,751

 
 
 
60,305,013

 
Voya Target Solution Trust Income (Class 4)
1,184,757

 
 
 
16,181,320

 
Voya Target Solution Trust 2020 (Class 4)
1,755,074

 
 
 
26,612,057

 
Voya Target Solution Trust 2025 (Class 4)
3,083,598

 
 
 
48,781,798

 
Voya Target Solution Trust 2030 (Class 4)
3,263,593

 
 
 
53,597,531

 
Voya Target Solution Trust 2035 (Class 4)
3,146,514

 
 
 
53,148,820

 
Voya Target Solution Trust 2040 (Class 4)
2,685,918

 
 
 
46,594,398

 
Voya Target Solution Trust 2045 (Class 4)
2,224,056

 
 
 
38,970,765

 
Voya Target Solution Trust 2050 (Class 4)
1,259,072

 
 
 
22,040,794

 
Voya Target Solution Trust 2055 (Class 4)
680,354

 
 
 
11,917,454

 
Voya Target Solution Trust 2060 (Class 4)
524,287

 
 
 
6,518,729

 
Ivy Investments International Core Equity CIT Fund (Class 3)
7,479,066

 
 
 
100,144,696

 
Wellington Trust NA CIF II Growth 2
6,709,340

 
 
 
83,598,381

 
Total Collective Investment Funds
 

 
 
 
1,086,295,172

 
 
 
 
 
 
 
 
Separate Accounts —
 

 
 
 
 

 
Congress Mid Cap Growth Fund
6,088,511

 
 
 
79,510,721

 
Total Separate Accounts
 

 
 
 
79,510,721

 
 
 
 
 
 
 
 
Ameriprise Financial Stock Fund —
 

 
 
 
 
*
Wells Fargo/BlackRock Short-Term Investment Fund
2,669,812

 
 
 
2,669,812

*
Ameriprise Financial, Inc. Common Shares
1,503,064

 
 
 
157,009,450

 
Total Ameriprise Financial Stock Fund
 
 
 
 
159,679,262

 
 
 
 
 
 
 
 
 
 
 
 
 
 
***
Self-Directed Brokerage Account
 

 
 
 
321,412,498


*
Indicates Party-in-interest                                       
**
Cost information not required for participant-directed investments
***
The Self-Directed Brokerage Account includes Party-in-interest investment options     12

Ameriprise Financial 401(k) Plan
Schedule H, Line 4i — Schedule of Assets (Held at End of Year) (continued)
December 31, 2018

(a)
(b)  Identity of Issue, Borrower, Lessor, or Similar Party
(c) Shares/Units or Face Amount
 
(d) Cost**
 
(e) Current Value

 
MetLife Insurance Stable Value Government Separate Account
139,531

 
 
 
14,830,515

*
Columbia Trust Declining Duration Bond Fund
1,124,814

 
 
 
11,855,535

*
Columbia Trust Gov Money Market Fund
1,522,136

 
 
 
1,522,136

 
U.S. Government and Agency Securities:
 
 
 
 
 
 
FEDERAL HOME LOAN BANKS 1.875% 11/29/2021
5,150,000

 
 
 
5,058,886

 
FFCB 2.506% 09/25/2020
2,800,000

 
 
 
2,797,183

 
FHLB 1.375% 11/15/2019
250,000

 
 
 
247,143

 
FHLMC 2.375% 01/13/2022
3,500,000

 
 
 
3,485,647

 
FHLMC REFERENCE BOND 1.500% 01/17/2020
6,675,000

 
 
 
6,600,587

 
FHLMC REFERENCE NOTES 1.375% 05/01/2020
2,450,000

 
 
 
2,412,170

 
FNMA BENCHMARK NOTE 2.000% 01/05/2022
2,750,000

 
 
 
2,708,071

 
U.S. TREAS NTS 1.250% 10/31/2021
7,400,000

 
 
 
7,153,763

 
U.S. TREAS NTS 2.625% 11/15/2020
3,275,000

 
 
 
3,280,879

 
U.S. TREAS NTS 2.750% 11/15/2023
10,900,000

 
 
 
11,020,943

 
U.S. TIPS 0.125% 04/15/2022
3,000,000

 
 
 
3,019,080

 
FGOLD 15YR 3.500% 08/01/2025
96,235

 
 
 
97,475

 
FGOLD 15YR 3.000% 01/01/2027
171,121

 
 
 
171,789

 
FGOLD 15YR 3.000% 01/01/2032
229,943

 
 
 
229,173

 
FGOLD 15YR 3.000% 01/01/2032
261,258

 
 
 
260,383

 
FGOLD 15YR 3.000% 01/01/2033
406,300

 
 
 
404,939

 
FGOLD 15YR 3.000% 02/01/2027
57,186

 
 
 
57,409

 
FGOLD 15YR 3.000% 03/01/2033
922,010

 
 
 
918,923

 
FGOLD 15YR 3.000% 04/01/2032
811,054

 
 
 
808,338

 
FGOLD 15YR 3.000% 08/01/2021
2,424

 
 
 
2,416

 
FGOLD 15YR 3.000% 09/01/2026
122,068

 
 
 
122,520

 
FGOLD 15YR 3.000% 10/01/2026
5,579

 
 
 
5,599

 
FGOLD 15YR 3.000% 10/01/2026
14,996

 
 
 
15,053

 
FGOLD 15YR 3.000% 11/01/2025
4,201

 
 
 
4,216

 
FGOLD 15YR 3.000% 11/01/2026
81,753

 
 
 
82,058

 
FGOLD 15YR 3.000% 12/01/2026
274,985

 
 
 
276,048

 
FGOLD 15YR 3.500% 01/01/2021
2,354

 
 
 
2,384

 
FGOLD 15YR 3.500% 04/01/2033
486,148

 
 
 
492,710

 
FGOLD 15YR 3.500% 05/01/2032
479,101

 
 
 
485,271

 
FGOLD 15YR 3.500% 06/01/2026
115,541

 
 
 
117,032

 
FGOLD 15YR 3.500% 07/01/2026
53,464

 
 
 
54,159

 
FGOLD 15YR 3.500% 07/01/2026
226,542

 
 
 
229,481

 
FGOLD 15YR 3.500% 08/01/2026
94,885

 
 
 
96,111

 
FGOLD 15YR 3.500% 09/01/2026
4,948

 
 
 
5,011

 
FGOLD 15YR 3.500% 10/01/2025
110,011

 
 
 
111,430

 
FGOLD 15YR 3.500% 11/01/2025
111,894

 
 
 
113,338


*
Indicates Party-in-interest                                       
**
Cost information not required for participant-directed investments
***
The Self-Directed Brokerage Account includes Party-in-interest investment options     13

Ameriprise Financial 401(k) Plan
Schedule H, Line 4i — Schedule of Assets (Held at End of Year) (continued)
December 31, 2018

(a)
(b)  Identity of Issue, Borrower, Lessor, or Similar Party
(c) Shares/Units or Face Amount
 
(d) Cost**
 
(e) Current Value

 
FGOLD 15YR 3.500% 12/01/2025
285,015

 
 
 
288,715

 
FGOLD 15YR 3.500% 12/01/2025
9,135

 
 
 
9,253

 
FGOLD 15YR 5.500% 02/01/2019
70

 
 
 
70

 
FGOLD 15YR GIANT 3.000% 01/01/2032
795,033

 
 
 
792,371

 
FGOLD 15YR GIANT 3.000% 02/01/2031
584,833

 
 
 
582,875

 
FGOLD 15YR GIANT 3.000% 03/01/2031
363,286

 
 
 
362,070

 
FGOLD 15YR GIANT 3.000% 03/01/2032
1,416,612

 
 
 
1,411,868

 
FGOLD 15YR GIANT 3.000% 05/01/2031
960,001

 
 
 
956,786

 
FGOLD 15YR GIANT 3.000% 07/01/2030
447,009

 
 
 
446,330

 
FGOLD 15YR GIANT 3.000% 09/01/2027
29,561

 
 
 
29,669

 
FGOLD 15YR GIANT 3.000% 09/01/2031
579,202

 
 
 
577,921

 
FGOLD 15YR GIANT 3.000% 10/01/2030
211,670

 
 
 
211,023

 
FGOLD 15YR GIANT 3.000% 11/01/2026
282,967

 
 
 
284,046

 
FGOLD 15YR GIANT 3.000% 12/01/2026
110,778

 
 
 
111,188

 
FGOLD 15YR GIANT 3.000% 12/01/2030
769,186

 
 
 
766,611

 
FGOLD 15YR GIANT 3.500% 01/01/2027
187,054

 
 
 
189,474

 
FGOLD 15YR GIANT 3.500% 01/01/2030
253,312

 
 
 
257,064

 
FGOLD 15YR GIANT 3.500% 04/01/2030
99,890

 
 
 
101,345

 
FGOLD 15YR GIANT 3.500% 05/01/2033
1,270,179

 
 
 
1,291,147

 
FGOLD 15YR GIANT 3.500% 06/01/2029
62,306

 
 
 
63,231

 
FGOLD 15YR GIANT 3.500% 07/01/2029
224,278

 
 
 
227,606

 
FGOLD 15YR GIANT 3.500% 07/01/2033
304,561

 
 
 
308,681

 
FGOLD 15YR GIANT 3.500% 08/01/2032
908,714

 
 
 
922,153

 
FGOLD 15YR GIANT 3.500% 08/01/2033
550,119

 
 
 
557,204

 
FGOLD 15YR GIANT 3.500% 11/01/2025
40,657

 
 
 
41,181

 
FGOLD 15YR GIANT 3.500% 11/01/2029
356,052

 
 
 
361,338

 
FGOLD 15YR GIANT 3.500% 12/01/2025
3,723

 
 
 
3,771

 
FGOLD 15YR GIANT 3.500% 12/01/2029
430,225

 
 
 
436,598

 
FGOLD 15YR GIANT 3.500% 12/01/2033
495,598

 
 
 
502,305

 
FGOLD 15YR GIANT 4.000% 05/01/2025
81,475

 
 
 
83,542

 
FGOLD 15YR GIANT 4.000% 06/01/2026
222,816

 
 
 
228,533

 
FGOLD 15YR GIANT 4.000% 07/01/2026
106,764

 
 
 
109,562

 
FGOLD 15YR GIANT 4.000% 12/01/2026
47,013

 
 
 
48,221

 
FHLMC 5/1 HYBRID ARM 3.797% 12/01/2036
26,080

 
 
 
27,211

 
FHLMC_T-13 6.085% 09/25/2029
82

 
 
 
81

 
FGOLD 15YR GIANT 3.000% 09/01/2030
391,105

 
 
 
390,211

 
FGOLD 15YR GIANT 3.500% 03/01/2030
50,738

 
 
 
51,487

 
FNMA 15YR 3.500% 01/01/2026
47,070

 
 
 
47,645

 
FNMA 15YR 3.500% 01/01/2026
5,765

 
 
 
5,835

 
FNMA 15YR 3.500% 01/01/2026
63,019

 
 
 
63,789


*
Indicates Party-in-interest                                       
**
Cost information not required for participant-directed investments
***
The Self-Directed Brokerage Account includes Party-in-interest investment options     14

Ameriprise Financial 401(k) Plan
Schedule H, Line 4i — Schedule of Assets (Held at End of Year) (continued)
December 31, 2018

(a)
(b)  Identity of Issue, Borrower, Lessor, or Similar Party
(c) Shares/Units or Face Amount
 
(d) Cost**
 
(e) Current Value

 
FNMA 15YR 3.500% 02/01/2026
112,650

 
 
 
114,026

 
FNMA 15YR 3.500% 03/01/2026
372,788

 
 
 
377,343

 
FNMA 15YR 3.500% 09/01/2026
155,427

 
 
 
157,326

 
FNMA 15YR 3.500% 10/01/2025
115,851

 
 
 
117,266

 
FNMA 15YR 3.500% 10/01/2025
290,955

 
 
 
294,511

 
FNMA 15YR 3.500% 10/01/2025
215,380

 
 
 
218,012

 
FNMA 15YR 3.500% 10/01/2025
250,047

 
 
 
253,103

 
FNMA 15YR 3.500% 11/01/2025
69,918

 
 
 
70,773

 
FNMA 15YR 3.500% 12/01/2025
25,401

 
 
 
25,711

 
FNMA 15YR 4.000% 05/01/2025
59,627

 
 
 
61,068

 
FNMA 15YR 4.000% 06/01/2025
111,844

 
 
 
114,531

 
FNMA 15YR 4.000% 09/01/2024
54,364

 
 
 
55,667

 
FNMA 15YR 4.500% 02/01/2025
104,955

 
 
 
108,096

 
FNMA 15YR 4.500% 03/01/2023
2,838

 
 
 
2,922

 
FNMA 15YR 4.500% 05/01/2024
2,930

 
 
 
3,007

 
FNMA 15YR 4.500% 10/01/2024
61,436

 
 
 
63,278

 
FNMA 15YR 5.000% 01/01/2019
120

 
 
 
121

 
FNMA 15YR 5.000% 02/01/2024
38,724

 
 
 
39,413

 
FNMA 15YR 5.000% 05/01/2023
26,431

 
 
 
26,891

 
FNMA 15YR 5.000% 05/01/2023
33,013

 
 
 
33,770

 
FNMA 15YR 5.000% 06/01/2023
25,596

 
 
 
26,063

 
FNMA 15YR 5.000% 08/01/2020
20,975

 
 
 
21,341

 
FNMA 15YR 5.000% 11/01/2023
16,274

 
 
 
16,649

 
FNMA 30YR 6.000% 11/01/2028
12,408

 
 
 
13,481

 
FNMA 30YR 6.500% 04/01/2032
17,037

 
 
 
18,296

 
FNMA 30YR 6.500% 04/01/2032
7,488

 
 
 
8,069

 
FNMA 30YR 7.000% 07/01/2028
4,967

 
 
 
4,975

 
FNMA 10/1 HYBRID ARM 4.249% 10/01/2034
2,350

 
 
 
2,410

 
FNMA 10/1 HYBRID ARM 4.840% 12/01/2033
922

 
 
 
964

 
FNMA 15YR 3.000% 01/01/2030
133,346

 
 
 
133,435

 
FNMA 15YR 3.000% 01/01/2031
260,467

 
 
 
259,999

 
FNMA 15YR 3.000% 01/01/2032
615,535

 
 
 
614,430

 
FNMA 15YR 3.000% 02/01/2029
603,031

 
 
 
603,432

 
FNMA 15YR 3.000% 02/01/2030
440,578

 
 
 
440,872

 
FNMA 15YR 3.000% 02/01/2031
685,855

 
 
 
684,623

 
FNMA 15YR 3.000% 02/01/2031
636,791

 
 
 
635,647

 
FNMA 15YR 3.000% 03/01/2031
1,180,247

 
 
 
1,178,128

 
FNMA 15YR 3.000% 03/01/2031
121,107

 
 
 
120,889

 
FNMA 15YR 3.000% 04/01/2031
223,003

 
 
 
222,602

 
FNMA 15YR 3.000% 04/01/2031
592,372

 
 
 
591,308


*
Indicates Party-in-interest                                       
**
Cost information not required for participant-directed investments
***
The Self-Directed Brokerage Account includes Party-in-interest investment options     15

Ameriprise Financial 401(k) Plan
Schedule H, Line 4i — Schedule of Assets (Held at End of Year) (continued)
December 31, 2018

(a)
(b)  Identity of Issue, Borrower, Lessor, or Similar Party
(c) Shares/Units or Face Amount
 
(d) Cost**
 
(e) Current Value

 
FNMA 15YR 3.000% 04/01/2032
327,137

 
 
 
326,540

 
FNMA 15YR 3.000% 05/01/2031
334,998

 
 
 
334,396

 
FNMA 15YR 3.000% 06/01/2030
665,071

 
 
 
665,505

 
FNMA 15YR 3.000% 06/01/2032
229,248

 
 
 
228,836

 
FNMA 15YR 3.000% 07/01/2030
86,395

 
 
 
86,453

 
FNMA 15YR 3.000% 07/01/2032
533,227

 
 
 
532,269

 
FNMA 15YR 3.000% 07/01/2032
349,539

 
 
 
348,911

 
FNMA 15YR 3.000% 09/01/2029
169,336

 
 
 
169,449

 
FNMA 15YR 3.000% 09/01/2031
934,317

 
 
 
932,639

 
FNMA 15YR 3.000% 09/01/2032
1,953,450

 
 
 
1,949,941

 
FNMA 15YR 3.000% 10/01/2030
479,572

 
 
 
479,893

 
FNMA 15YR 3.000% 10/01/2030
448,136

 
 
 
447,332

 
FNMA 15YR 3.000% 10/01/2030
452,400

 
 
 
452,702

 
FNMA 15YR 3.000% 10/01/2031
160,484

 
 
 
160,196

 
FNMA 15YR 3.000% 11/01/2030
315,493

 
 
 
315,703

 
FNMA 15YR 3.000% 11/01/2031
1,284,877

 
 
 
1,282,570

 
FNMA 15YR 3.000% 11/01/2031
579,875

 
 
 
578,833

 
FNMA 15YR 3.500% 01/01/2026
6,654

 
 
 
6,735

 
FNMA 15YR 3.500% 01/01/2026
109,541

 
 
 
110,880

 
FNMA 15YR 3.500% 01/01/2027
118,219

 
 
 
119,664

 
FNMA 15YR 3.500% 01/01/2030
367,501

 
 
 
372,208

 
FNMA 15YR 3.500% 02/01/2026
60,633

 
 
 
61,374

 
FNMA 15YR 3.500% 02/01/2026
208,715

 
 
 
211,266

 
FNMA 15YR 3.500% 02/01/2029
290,303

 
 
 
294,345

 
FNMA 15YR 3.500% 02/01/2030
312,986

 
 
 
316,868

 
FNMA 15YR 3.500% 02/01/2031
334,321

 
 
 
338,961

 
FNMA 15YR 3.500% 02/01/2032
315,464

 
 
 
319,845

 
FNMA 15YR 3.500% 03/01/2032
193,875

 
 
 
196,332

 
FNMA 15YR 3.500% 03/01/2033
316,373

 
 
 
320,239

 
FNMA 15YR 3.500% 04/01/2026
97,623

 
 
 
98,816

 
FNMA 15YR 3.500% 04/01/2030
90,264

 
 
 
91,517

 
FNMA 15YR 3.500% 04/01/2030
122,931

 
 
 
124,637

 
FNMA 15YR 3.500% 06/01/2026
4,932

 
 
 
4,992

 
FNMA 15YR 3.500% 06/01/2027
90,912

 
 
 
92,023

 
FNMA 15YR 3.500% 06/01/2029
83,444

 
 
 
84,605

 
FNMA 15YR 3.500% 06/01/2030
196,613

 
 
 
199,772

 
FNMA 15YR 3.500% 06/01/2032
485,193

 
 
 
491,418

 
FNMA 15YR 3.500% 07/01/2029
238,126

 
 
 
241,420

 
FNMA 15YR 3.500% 07/01/2032
469,607

 
 
 
475,346

 
FNMA 15YR 3.500% 08/01/2026
5,578

 
 
 
5,646


*
Indicates Party-in-interest                                       
**
Cost information not required for participant-directed investments
***
The Self-Directed Brokerage Account includes Party-in-interest investment options     16

Ameriprise Financial 401(k) Plan
Schedule H, Line 4i — Schedule of Assets (Held at End of Year) (continued)
December 31, 2018

(a)
(b)  Identity of Issue, Borrower, Lessor, or Similar Party
(c) Shares/Units or Face Amount
 
(d) Cost**
 
(e) Current Value

 
FNMA 15YR 3.500% 08/01/2026
50,973

 
 
 
51,831

 
FNMA 15YR 3.500% 08/01/2027
48,150

 
 
 
48,831

 
FNMA 15YR 3.500% 08/01/2029
361,660

 
 
 
366,683

 
FNMA 15YR 3.500% 08/01/2029
487,816

 
 
 
494,587

 
FNMA 15YR 3.500% 08/01/2032
393,279

 
 
 
398,208

 
FNMA 15YR 3.500% 08/01/2032
399,643

 
 
 
404,708

 
FNMA 15YR 3.500% 09/01/2028
28,860

 
 
 
29,213

 
FNMA 15YR 3.500% 09/01/2029
528,015

 
 
 
535,369

 
FNMA 15YR 3.500% 09/01/2029
286,519

 
 
 
290,239

 
FNMA 15YR 3.500% 10/01/2026
552,443

 
 
 
559,194

 
FNMA 15YR 3.500% 10/01/2026
95,536

 
 
 
96,704

 
FNMA 15YR 3.500% 10/01/2026
148,905

 
 
 
150,725

 
FNMA 15YR 3.500% 10/01/2026
151,291

 
 
 
153,140

 
FNMA 15YR 3.500% 10/01/2028
115,143

 
 
 
116,951

 
FNMA 15YR 3.500% 10/01/2029
134,452

 
 
 
136,585

 
FNMA 15YR 3.500% 11/01/2025
166,274

 
 
 
168,306

 
FNMA 15YR 3.500% 11/01/2026
301,113

 
 
 
304,793

 
FNMA 15YR 3.500% 11/01/2028
208,179

 
 
 
211,447

 
FNMA 15YR 3.500% 12/01/2028
129,939

 
 
 
131,979

 
FNMA 15YR 3.500% 12/01/2032
584,252

 
 
 
591,392

 
FNMA 15YR 4.000% 01/01/2029
52,425

 
 
 
53,715

 
FNMA 15YR 4.000% 01/01/2029
52,425

 
 
 
53,715

 
FNMA 15YR 4.000% 01/01/2029
52,425

 
 
 
53,715

 
FNMA 15YR 4.000% 01/01/2029
52,425

 
 
 
53,715

 
FNMA 15YR 4.000% 11/01/2026
74,695

 
 
 
76,535

 
FNMA 15YR 4.500% 05/01/2024
27,852

 
 
 
28,680

 
FNMA 6M LIBOR ARM 3.913% 03/01/2034
22,589

 
 
 
23,103

 
FNMA 6M LIBOR ARM 3.915% 11/01/2032
5,991

 
 
 
6,098

 
FNMA 6M LIBOR ARM 4.049% 09/01/2035
48,179

 
 
 
49,112

 
FNMA 6M LIBOR ARM 4.130% 12/01/2032
24,474

 
 
 
25,626

 
FNMA 7/1 HYBRID ARM 3.745% 03/01/2036
6,509

 
 
 
6,785

 
FNMA 7/1 HYBRID ARM 4.126% 01/01/2036
3,750

 
 
 
3,893

 
FNMA 7/1 HYBRID ARM 4.629% 01/01/2034
10,900

 
 
 
11,256

 
FNMA MEGA 15YR REMIC-BACKED 3.500% 11/01/2025
237,508

 
 
 
240,410

 
FNMA_03-W11 5.589% 06/25/2033
182

 
 
 
190

 
FHLMC_K007 4.224% 03/25/2020
359,050

 
 
 
363,498

 
FHLMC_K012 4.185% 12/25/2020
300,000

 
 
 
305,367

 
FHLMC_K714 3.034% 10/25/2020
238,435

 
 
 
238,043

 
FNMA_11-55 3.000% 07/25/2025
48,688

 
 
 
48,589

 
FNMA_12-31 1.750% 10/25/2022
188,017

 
 
 
185,273


*
Indicates Party-in-interest                                       
**
Cost information not required for participant-directed investments
***
The Self-Directed Brokerage Account includes Party-in-interest investment options     17

Ameriprise Financial 401(k) Plan
Schedule H, Line 4i — Schedule of Assets (Held at End of Year) (continued)
December 31, 2018

(a)
(b)  Identity of Issue, Borrower, Lessor, or Similar Party
(c) Shares/Units or Face Amount
 
(d) Cost**
 
(e) Current Value

 
GNMA_12-142 1.105% 05/16/2037
226,698

 
 
 
219,800

 
GNMA_12-86 1.558% 04/16/2040
1,324

 
 
 
1,320

 
GNMA_13-12 1.410% 10/16/2042
212,542

 
 
 
202,890

 
GNMA_13-126 1.540% 04/16/2038
169,804

 
 
 
164,390

 
GNMA_13-140 1.650% 02/16/2038
604,000

 
 
 
577,573

 
GNMA_13-146 2.000% 08/16/2040
232,205

 
 
 
225,698

 
GNMA_13-17 1.558% 10/16/2043
175,194

 
 
 
167,211

 
GNMA_13-2 1.600% 12/16/2042
160,517

 
 
 
155,753

 
GNMA_13-30 1.500% 05/16/2042
310,354

 
 
 
295,758

 
GNMA_13-32 1.900% 01/16/2042
314,132

 
 
 
300,954

 
GNMA_13-33 1.061% 07/16/2038
321,048

 
 
 
300,980

 
GNMA_13-35 1.618% 02/16/2040
288,431

 
 
 
275,911

 
GNMA_13-40 1.511% 10/16/2041
159,358

 
 
 
152,959

 
GNMA_13-45 1.450% 10/16/2040
137,300

 
 
 
132,590

 
GNMA_13-50 2.100% 06/16/2039
157,763

 
 
 
152,832

 
GNMA_13-52 1.150% 06/16/2038
275,383

 
 
 
260,609

 
GNMA_13-73 1.350% 01/16/2039
232,755

 
 
 
219,534

 
GNMA_13-78 1.624% 07/16/2039
80,878

 
 
 
77,447

 
GNMA_13-179 1.800% 07/16/2037
128,268

 
 
 
124,479

 
GNMA_13-194 2.250% 05/16/2038
121,841

 
 
 
119,174

 
GNMA_14-103 1.742% 06/16/2053
324,227

 
 
 
315,107

 
GNMA_14-47 2.250% 08/16/2040
8,810

 
 
 
8,785

 
GNMA_15-109 2.528% 02/16/2040
439,225

 
 
 
431,158

 
GNMA_15-21 2.600% 11/16/2042
163,602

 
 
 
161,681

 
GNMA_15-33 2.650% 02/16/2045
330,141

 
 
 
327,095

 
GNMA_15-5 2.500% 11/16/2039
283,958

 
 
 
279,348

 
GNMA_15-78 2.918% 06/16/2040
424,946

 
 
 
420,014

 
Total fully benefit-responsive investment contracts
 
 
 
 
129,050,593

 
 
 
 
 
 
 
*
Loans to Participants
 

 
 
 
 
 
  Various Loans, 3.25% — 9.25% due through 2048
 

 
 
 
34,925,673

 
Less: Deemed distributions
 

 
 
 
(342,741
)
 
Net participant loans
 

 
 
 
34,582,932

 
 
 

 
 
 
 

 
Assets Held at End of Year per Form 5500
 

 
 
 
$
1,861,611,726


*
Indicates Party-in-interest                                       
**
Cost information not required for participant-directed investments
***
The Self-Directed Brokerage Account includes Party-in-interest investment options     18

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Employee Benefits Administration Committee has duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.
 

 
AMERIPRISE FINANCIAL, INC.
(Registrant)
Date:
June 26, 2019
By
/s/ Michelle Rudlong
 
Michelle Rudlong
Delegate
Employee Benefits Administration Committee



19

EXHIBIT INDEX

Exhibit        Description
23.1Consent of PricewaterhouseCoopers LLP, Independent Registered Public Accounting Firm.


20