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 Plan’s total investments as of December 31 are as
Fidelity 500 Index Inst
Additional information concerning the above listed investment is
contained in the prospectuses and financial statements of the
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
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
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
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.