Ameren Corporation
Savings Investment Plan
Notes to Financial Statements
December 31, 2022 and 2021
No events are probable of occurring that might limit the ability of the Plan to transact at
contract value on behalf of the Participants.
These investment contracts are evergreen contracts and contain termination provisions,
allowing the contract issuer to terminate with notice, at any time at fair value, and providing for automatic termination of the investment contract if the contract value or the fair value of the underlying portfolio equals zero. The contract issuer
is obligated to pay the excess contract value when the fair value is below contract value at the time of termination and termination was caused by certain events including fraud or misconduct related to the investment contracts, such as material
misrepresentations. In addition, if the Plan defaults in its obligations under the investment contract (including the contract issuers determination that the agreement constitutes a non-exempt prohibited
transaction as defined under ERISA), and such default is not corrected within the time permitted by the investment contract, then the investment contract may be terminated by the contract issuer and the Plan will receive the fair value as of the
date of termination.
5. |
Transactions with
Parties-in-Interest |
Parties-in-interest are defined under Department of Labor regulations as any fiduciary of the Plan, any party rendering service to the Plan, the employer, and certain others.
At December 31, 2022, the Plan held 4,025,221 shares of Company common stock with a cost and fair value of $199,623,879 and
$357,922,651, respectively. During 2022, the Plan purchased 151,755 shares at a cost of $13,361,691 and sold 184,390 shares valued at $16,408,589.
At December 31, 2021, the Plan held 4,057,856 shares of Company common stock with a cost and fair value of $195,230,194 and $361,189,763,
respectively. During 2021, the Plan purchased 115,228 shares at a cost of $9,499,998 and sold 305,954 shares valued at $25,428,170.
Dividend income from Company common stock was $9,454,690 and $9,075,371 for the years ended December 31, 2022 and December 31, 2021,
respectively.
At December 31, 2022 and December 31, 2021, the Plan held shares in the Fidelity Institutional Money Market
Government Portfolio. This portfolio is managed by the Trustee, and therefore, qualifies as party-in-interest transactions. Notes receivable from Participants also
reflect party-in-interest transactions.
Fees paid by the
Plan to the Trustee for recordkeeping, trust services, and advisory services were $1,412,327 and $1,618,503 for the years ended December 31, 2022 and December 31, 2021, respectively.
Fees paid to and investments issued by various Plan investment managers or affiliates of Plan investment managers also reflect party-in-interest transactions.
These transactions are allowable
party-in-interest transactions under Section 408(b)(8) of ERISA.
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