EQUIFAX INC. 401(k) PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2018 AND 2017
NOTE 4 - SIGNIFICANT INVESTMENTS
The fair value of individual investments that represent 10% or more of the Plans total investments as of December 31 are as follows:
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2018
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2019
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Fidelity 500 Index Inst
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$
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123,138,391
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$
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118,784,408
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Additional information concerning the above listed investment is contained in the prospectuses and financial
statements of the funds.
NOTE 5 - RISKS AND UNCERTAINTIES
The Plan provides for various investment options which include investments in any combination of equities, fixed income securities, money
market funds and guaranteed investment contracts. Investment securities are exposed to various risks, such as interest rate, market and credit risk. Due to the level of risk associated with certain investments and the level of uncertainty related to
changes in the value of investment securities, it is possible that changes in risks in the near term could materially affect participants account balances and the amounts reported in the statements of net assets available for Plan benefits and
the statement of changes in net assets available for Plan benefits.
NOTE 6 - FEDERAL INCOME TAX STATUS
The Plan has received an updated determination letter from the Internal Revenue Service dated August 29, 2017 stating that the Plan is
qualified under Section 401(a) of the Internal Revenue Code (IRC) and, therefore, the related trust is exempt from federal taxation. Subsequent to this determination by the Internal Revenue Service, the Plan was amended. Once
qualified, the Plan is required to operate in conformity with IRS rules to maintain its qualification. The Plan sponsor believes 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 exempt from federal income taxes.
NOTE 7 -
PARTY-IN-INTEREST
TRANSACTIONS
The Plan allows for
transactions with certain parties who may perform services or have fiduciary responsibilities to the Plan, including the Company.
The
Plan held 433,319 and 495,689 shares of Equifax Inc. common stock at December 31, 2018 and 2017, respectively, with a fair value of $40,355,022 and $58,451,675, respectively. Dividends received by the Plan include dividends paid by Equifax Inc.
Transactions related to Equifax Inc. common stock may be
party-in-interest
transactions since Equifax Inc. is the Plan sponsor, but there is generally an exemption for
any such transactions.
The Plan issues loans to participants, which are secured by the balances in the participants accounts. These
transactions qualify as
party-in-interest
transactions.
The Plan offers investments in mutual funds and common/collective trust funds issued by affiliates of the Trustee. These Fidelity affiliates
receive investment management fees related to these mutual funds and common/collective trust funds prior to any fund and/or trust being allocated investment earnings or losses.
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