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Laclede Gas Co, et al. – ‘11-K’ for 7/31/14

On:  Tuesday, 1/27/15, at 6:15pm ET   ·   As of:  1/28/15   ·   For:  7/31/14   ·   Accession #:  57183-15-3   ·   File #s:  1-01822, 1-16681

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 1/28/15  Laclede Gas Co                    11-K        7/31/14    1:452K
          Laclede Group Inc

Annual Report of an Employee Stock Purchase, Savings or Similar Plan   —   Form 11-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 11-K        Annual Report of an Employee Stock Purchase,        HTML    150K 
                          Savings or Similar Plan                                


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  LGCWageDeferralPlan2014-12215  

FORM 11-K



FOR ANNUAL REPORTS OF EMPLOYEE STOCK PURCHASE SAVINGS
AND SIMILAR PLANS PURSUANT TO SECTION 15d OF THE
SECURITIES EXCHANGE ACT OF 1934

[ X ] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended July 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 number 1-16681





LACLEDE GAS COMPANY
WAGE DEFERRAL SAVINGS PLAN



THE LACLEDE GROUP INC
720 OLIVE STREET
ST LOUIS MO 63101
Page 1 of 14




SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

 
 
 
Laclede Gas Company
 
 
 
Wage Deferral Savings Plan
 
 
 
(Registrant)
 
 
 
 
 
Dated:
 
By: 
 
 
 
 
 
 
 
 
VP, Human Resources








LACLEDE GAS COMPANY
WAGE DEFERRAL SAVINGS PLAN


Employer Identification Number: 43-0368139
Plan Number: 012

Financial Statements as of and for the Years Ended
July 31, 3014 and 2013, Supplemental Schedule
as of July 31, 2014, and Report of Independent Registered Public Accounting Firm















1



LACLEDE GAS COMPANY
WAGE DEFERRAL SAVINGS PLAN


PAGE
 
 
Report of Independent Registered Public Accounting Firm
1
 
 
Financial Statements as of and for the Years
Ended July 31, 2014 and 2013:
 
 
 
Statements of Net Assets Available for Benefits
2
 
 
Statements of Changes in Net Assets Available for Benefits
3
 
 
Notes to Financial Statements
4-10
 
 
Supplemental Schedule as of July 31, 2014:
 
Schedule 1 – Schedule of Assets (Held at End of Year)
11
 
 
Consent of Auditors
12
 
 





Certain Supplemental Schedules required by the rules and regulations of the Department of Labor are omitted because of the absence of conditions under which they are required.
                                                        




2





401(k) Investment Review Committee
Laclede Gas Company Wage Deferral Savings Plan
St. Louis, Missouri

We have audited the accompanying statements of net assets available for benefits of the Laclede Gas
Company Wage Deferral Savings Plan as of July 31, 2014 and 2013, and the related statements of
changes in net assets available for benefits for the years then ended. 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 the standards of the Public Company Accounting Oversight
Board (United States). Those standards require that we plan and perform the audit to obtain assurance
about whether the financial statements are free of material misstatement. Our audits also included
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 and evaluating
the overall financial statement presentation. We believe that our audits provide a reasonable basis for our
opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects, the net
assets available for benefits of the Laclede Gas Company Wage Deferral Savings Plan as of July 31, 2014
and 2013, and the changes in its net assets available for benefits for the years then ended in conformity
with accounting principles generally accepted in the United States of America.
Our audit was conducted for the purpose of forming an opinion on the basic financial statements taken as
a whole. The accompanying schedule of assets (held at end of year) is not a required part of the basic
financial statements, but is supplementary information required by the Department of Labor’s Rules and
Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974.
The supplemental information is the responsibility of the Plan’s management. Such information has been
subjected to the auditing procedures applied in the audits of the basic financial statements and, in our
opinion, is fairly stated, in all material respects, in relation to the basic financial statements taken as a
whole.



St. Louis, Missouri
January 27, 2015



1


LACLEDE GAS COMPANY
WAGE DEFERRAL SAVINGS PLAN

STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
JULY 31, 2014 AND 2013
 
2014
 
2013
INVESTMENTS
$
150,661,805

 
$
144,572,694

 
 
 
 
NOTES RECEIVABLE FROM PARTICIPANTS
4,057,007

 
4,186,350

 
 
 
 
CONTRIBUTIONS RECEIVABLE:
 
 
 
     Employee Contributions
186,666

 
146,123

     Employer Contributions
98,594

 
79,661

         Total Contributions Receivable
285,260

 
225,784

 
 
 
 
NET ASSETS AVAILABLE FOR BENEFITS, AT FAIR VALUE
155,004,072

 
148,984,828

 
 
 
 
ADJUSTMENT FROM FAIR VALUE TO CONTRACT VALUE FOR FULLY BENEFIT-RESPONSIVE INVESTMENT CONTRACTS
(18,344
)
 
(9,156
)
 
 
 
 
NET ASSETS AVAILABLE FOR BENEFITS
$
154,985,728

 
$
148,975,672






See notes to financial statements.
                                                                                                                                                                                                  


2


LACLEDE GAS COMPANY
WAGE DEFERRAL SAVINGS PLAN

STATEMENTS OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
YEARS ENDED JULY 31, 2014 AND 2013
 
 
2014
 
2013
ADDITIONS:
 
 
 
 
CONTRIBUTIONS:
 
 
 
 
     Employee
 
$
5,338,331

 
$
4,750,886

     Rollover
 
193,955

 
37,000

     Employer
 
2,862,585

 
2,540,928

 
 
8,394,871

 
7,328,814

 
 
 
 
 
INVESTMENT INCOME:
 
 
 
 
Interest and dividends
 
2,224,558

 
2,129,218

Net appreciation in fair value of investments
 
11,099,904

 
19,008,583

 
 
13,324,462

 
21,137,801

 
 
 
 
 
     INTEREST INCOME ON NOTES
          RECEIVABLE FROM PARTICPANTS
 
163,008

 
199,444

 
 


 
 
TOTAL ADDITIONS
 
21,882,341

 
28,666,059

 
 
 
 
 
DEDUCTIONS:
 
 
 
 
DISTRIBUTIONS TO PARTICIPANTS
 
15,054,523

 
12,283,119

 
 
 
 
 
ADMINISTRATIVE FEES
 
26,786

 
32,560

 
 
 
 
 
NET TRANSFERS TO OTHER PLANS
 
790,976

 
2,140,185

 
 
 
 
 
TOTAL DEDUCTIONS
 
15,872,285

 
14,455,864

 
 
 
 
 
INCREASE IN NET ASSETS
     AVAILABLE FOR BENEFITS
 
6,010,056

 
14,210,195

 
 
 
 
 
NET ASSETS AVAILABLE FOR BENEFITS:
 
 
 
 
 
 
 
 
 
BEGINNING OF YEAR
 
148,975,672

 
134,765,477

 
 
 
 
 
END OF YEAR
 
$
154,985,728

 
$
148,975,672



See notes to financial statements.
                                                                                                                                                                                                                                                          


3



LACLEDE GAS COMPANY
WAGE DEFERRAL SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
YEARS ENDED JULY 31, 2014 AND 2013

1.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Accounting – The accompanying financial statements of the Laclede Gas Company Wage Deferral Savings Plan (“The Plan”) have been prepared on the accrual basis.

Fair Value of Plan Assets – Fair value 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. Fair value measurements must maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value:

Level 1 Quoted prices in active markets for identical assets or liabilities.

Level 2 Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

Level 3 Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

A description of the valuation methodologies used for assets measured at fair value on a recurring basis and recognized in the accompanying statements of net assets available for benefits, as well as the general classification of such assets pursuant to the valuation hierarchy is included in Note 3.

Investment Valuation and Income Recognition – The Plan’s investments in common stock and mutual funds are stated at the market value of the underlying assets, which are determined by quoted market prices. Common collective trusts are valued based on information reported by the trust based on its underlying assets and audited financial statements. Purchases and sales of securities are recorded on a trade-date basis. Interest and dividend income are recorded on the accrual basis.

Use of Estimates – The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires the Plan sponsor to make estimates and assumptions that affect the reported amounts of net assets and changes in net assets and disclosure of contingent assets and liabilities at the date of the financial statements. Actual results could differ from those estimates.

The investment funds consist of various securities including mutual funds, common and collective trusts and company stock in the Laclede Group, Inc., the parent company of Laclede Gas Company. Investment securities, in general, are exposed to various risks, such as interest rate, credit, 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 changes could materially affect the amounts reported in the statements of net assets available for benefits.

Administrative Expenses – The administrative cost of the Plan is paid by Laclede Gas Company (the “Company”), the Plan sponsor. Participants bear the cost of some individual transactions such as loan fees, dividend pass-through checks, overnight check fees, and purchases of Laclede Group, Inc. stock.

Payment of Benefits – Benefits are recorded when paid. There were no distributions payable to Plan participants as of July 31, 2014 and 2013.

Presentation/ Reclassifications - Certain reclassifications have been made to the prior period financial statements to conform to the current period financial statement presentation. These reclassifications had no effect on Net Assets Available for Benefits.


4



Review of Subsequent Events – Subsequent events have been evaluated through January 27, 2015, which is the date the financial statements were issued.

2.
INFORMATION REGARDING THE PLAN

The following description pertains to the Plan as in effect during the years ended July 31, 2014 and 2013 and is provided for informational purposes only. In case of conflict or discrepancy with the Plan text, the Plan text governs.

General - The Plan is a defined contribution plan which covers collectively bargained employees of the Company, provided they meet the prescribed eligibility requirements. Assets of the plan are maintained in trust with Fidelity Management Trust Company, the Plan trustee. The Company is the Plan administrator. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974 (“ERISA”).

Eligibility – To be eligible to participate in the Plan, an employee must be a member of a collective bargaining unit, complete 90 days of service and attain the age of 21.

Contributions – The Plan provides for voluntary employee contributions subject to certain Internal Revenue Code (“IRC”) limitations, up to 75% of the participants compensation. Participants who attain age 50 by each December 31 are permitted to make additional contributions (catch-up contributions) as permitted by the IRC. Employee contributions are matched 100% up to 5% of compensation in accordance with the collective bargaining agreement. Participants may change the amount of their contributions frequently, usually effective within one or two payroll cycles. Employees can make Roth 401(k) contributions to the Plan. As of January 2, 2013, newly hired employees are auto-enrolled in the Plan at a deferral rate of 5%, along with the 5% matching employer contribution, effective on the first pay period after they become eligible, unless they decline to defer or choose an alternative deferral amount in advance.

Vesting – Participant and Company matching contributions are immediately 100% vested.

Investment Options – Contributions to the Plan are invested in one or more investment funds at the option of the employee. A minimum of 1% of the employee’s contribution must be directed into each fund selected.

Employee Stock Ownership Plan – The Laclede Group, Inc. Employee Stock Ownership Plan (“ESOP”) constitutes a portion of the Plan, not a separate plan. Employee allocated contributions and employer matching contributions are invested directly into the ESOP. A participant may elect to receive dividends on the ESOP shares paid in cash directly to him/her. The election to receive cash dividends shall remain in effect until changed by the participant. Dividends not paid in cash are reinvested under the terms of the Plan.

Participant Accounts – In addition to the employee and Company matching contributions, each participant’s account is credited with an allocation of Plan earnings or charged with an allocation of the Plan losses, based on participant account balances, as defined in the Plan document.

Notes Receivable from Participants – Participants may borrow against their individual account balances a minimum of $500 up to 50% of their account balance, as long as the loan amount does not exceed $50,000, less the highest outstanding loan balance over the last twelve months, if any. Loans are taken from investment accounts in the same proportion as the investment funds bear to each other. The maximum repayment period is 234 weeks, except for primary residence loans, which have a maximum repayment period of 494 weeks. Loans are secured by the balance in the participant’s account and bear interest at a rate comparable to the rate charged by commercial lenders for similar loans. Participant loans are valued at the outstanding loan balance, plus accrued interest. Delinquent participant loans are reclassified as distributions upon the terms of the Plan document. Principal and interest are repaid in level payments through payroll deductions. Interest rates on participant loans ranged from 4.25% to 9.5% at July 31, 2014.

Payment of Benefits- Distributions are generally made to participants upon separation from service due to retirement, termination of employment, death or total and permanent disability. Participants aged 59-1/2 years or older may elect a partial or total distribution of their account. Distributions are normally made in single lump-sum cash payments; however, participants in the Laclede Group, Inc. ESOP may elect to receive their distribution in the form of shares, with the value of fractional shares distributed in cash. Active employees who suffer a financial hardship and cannot obtain funds from other resources, including a loan from the Plan, may apply for a hardship

5



withdrawal. Hardship withdrawals are subject to approval by the Plan administrator and are limited to the participant’s elective deferrals, plus related earnings as of December 31, 1988, less amounts of previous hardship distributions. Employees making hardship withdrawals may not contribute to the Plan until the first payroll date following the expiration of a six month period after receipt of the hardship withdrawal.

Transfers – The accounts for those Participants in the Plan who remain employees of the Company, but who are no longer covered by a collective bargaining agreement, are transferred to the Laclede Gas Company Salary Deferral Savings Plan. Similarly, the accounts of those participants not covered by a collective bargaining agreement, but who later become covered by such an agreement, are transferred to the applicable Company defined contribution plan. Such transfers are reflected as a net amount in the included Statements of Changes in Net Assets.

3.
INVESTMENTS

The following table presents the fair values of investments that represent 5% or more of the Plan’s net assets:
 
 
 
 
2014
 
2013
Laclede Group, Inc. - ESOP (also known as Laclede Group, Inc. Common Stock Fund) (937,104.628 and 974,045.415 shares, respectively)
 
$
44,025,175

 
$
44,669,724

 
 
 
 
 
BlackRock Equity Index Fund - H (500,505.080 and 572,448.305 units, respectively)
 
35,410,885

 
34,644,571

 
 
 
 
 
 BlackRock Russell 2000 Index Fund - K (558,017.284 and 640,853.834 units, respectively)
 
12,797,066

 
13,522,016

 
 
 
 
 
BlackRock Money Market Fund W (10,257,046.070 and 11,015,853.390 units, respectively)
 
10,257,046

 
11,015,853

 
 
 
 
 
BlackRock U. S. Debt Index Fund - K (240,605.137 and 264,947.858 units, respectively) *
 
7,537,052

 
7,977,580


* Current year investment below 5% of total holdings, but included for comparative purposes.


6



During 2014 and 2013, the Plan's investments (including gains and losses on investments bought, sold, as well as held during the year) appreciated by $11,099,904 and $19,008,583, respectively, as follows:
                                 
 
 
 
 
2014
 
2013
The Laclede Group, Inc. - ESOP (also known as
 Laclede Group, Inc. Common Stock Fund)
 
$
1,047,089

 
$
4,126,950

 
 
 
 
 
Wells Fargo Stable Return Fund - Class C
 
12,537

 
6,715

 
 
 
 
 
BlackRock Russell 2000 Index Fund K
 
1,122,504

 

 
 
 
 
 
BlackRock U. S. Debt Index
 
272,296

 

 
 
 
 
 
BlackRock Equity Index Fund - H
 
5,425,126

 

 
 
 
 
 
T. Rowe Price Blue Chip Growth Fund
 
585,374

 
519,236

 
 
 
 
 
T. Rowe Price Equity Income Fund
 
267,055

 
761,447

 
 
 
 
 
BlackRock Russell 2000 Non-Lendable Fund Class F
 

 
2,015,795

 
 
 
 
 
BlackRock Equity Index Non-Lendable Fund F
 

 
4,858,949

 
 
 
 
 
BlackRock U.S. Debt Index Non-Lendable Fund – F
 

 
99,692

 
 
 
 
 
BlackRock Russell 2000 Non-Lendable Fund Class K
 

 
1,474,913

 
 
 
 
 
BlackRock U. S. Debt Index Non-Lendable Fund
 

 
(263,628)

 
 
 
 
 
BlackRock Equity Index Non-Lendable Fund H
 

 
2,422,058

 
 
 
 
 
Columbia Small Cap Value I Fund - Class Z
 

 
119,318

 
 
 
 
 
Vanguard Target Retirement 2010 Fund
 
24,937

 
34,987

 
 
 
 
 
Vanguard Target Retirement 2015 Fund
 
263,379

 
291,972

 
 
 
 
 
Vanguard Target Retirement 2020 Fund
 
472,354

 
467,834

 
 
 
 
 
Vanguard Target Retirement 2025 Fund
 
423,330

 
476,794

 
 
 
 
 
Vanguard Target Retirement 2030 Fund
 
260,036

 
326,396

 
 
 
 
 
Vanguard Target Retirement 2035 Fund
 
249,430

 
268,484

 
 
 
 
 
Vanguard Target Retirement 2040 Fund
 
92,058

 
93,833

 
 
 
 
 
Vanguard Target Retirement 2045 Fund
 
114,969

 
117,762

 
 
 
 
 
Vanguard Target Retirement 2050 Fund
 
38,344

 
32,173

 
 
 
 
 
Vanguard Target Retirement 2055 Fund
 
17,201

 
9,694

 
 
 
 
 
Vanguard Target Retirement 2060 Fund
 
9,149

 
5,770

 
 
 
 
 
Vanguard Total International Stock Index Fund
 
85,008

 
87,672

 
 
 
 
 
Vanguard Target Retirement Income Fund
 
18,559

 
16,175

 
 
 
 
 
JP Morgan Small Cap Growth Fund - Class A
 
(101,209)

 
247,141

 
 
 
 
 
American Funds® EuroPacific Growth Fund® - Class R5
 
300,347

 
284,265

 
 
 
 
 
Delaware Small Cap Value Fund Institutional Class
 
100,031

 
106,186

 
 
 
 
 
Total net appreciation
 
$
11,099,904

 
$
19,008,583



7



The Plan holds investments in a stable value fund, which consists of debt and equity securities wrapped by fully benefit-responsive investment contracts. The fully benefit-responsive investment contracts enable the fund to realize a specific known value for the assets if it needs to liquidate them for benefit payments. The fully benefit-responsive investment contracts are issued by banks and insurance companies and serve to preserve the value of the fund’s investments by mitigating fluctuations in the market value of the associated underlying investments. These investment contracts are fully benefit-responsive in that they allow for participant withdrawals at contract value for benefit-responsive requirements. Contract value represents contributions made under the contract, plus earnings, less participant withdrawals and administrative expenses. The contract value of these contracts was $1,411,050 as of July 31, 2014 and $832,386 as of July 31, 2013. There are no reserves against the contract value for credit risk of the contract issuer or otherwise. The average yield was 1.55% and 1.74% at July 31, 2014 and 2013, respectively. The average crediting interest rate was 1.25% and 1.44% at July 31, 2014 and 2013, respectively. The crediting interest rate is based on a formula agreed upon with the issuer, but may not be less than zero. Such interest rates are reviewed by the investment manager on a quarterly basis for resetting. Certain events, such as layoffs or early retirement incentives, may limit the ability of participants to access their investments at contract value. The likelihood of such events limiting the ability of the Plan to transact at contract value is not probable. The Plan is required to present in the Statement of Net Assets Available for Benefits the fair value of fully benefit-responsive investment contracts plus an adjustment of the fair value to contract value.

Recurring Measurements - The table below presents the fair value measurements of assets recognized in the accompanying Statements of Net Assets Available for Benefits measured at fair value on a recurring basis and the level within the fair value hierarchy in which the fair value measurements fall at July 31, 2014 and 2013.

Where quoted market prices are available in an active market, securities are classified within Level 1 of the valuation hierarchy. Level 1 securities include mutual funds and Laclede Group, Inc. common stock (held in the ESOP). If quoted market prices are not available, the fair values are estimated by using pricing models, quoted prices of securities with similar characteristics or discounted cash flows. Level 2 securities include investments in common and collective trusts (CCTs). In certain cases where Level 1 or Level 2 inputs are not available, securities are classified within level 3 of the hierarchy.

8



 
 
Fair Value Measurements Using
 
 
Quoted Prices in Active Markets for Identical Assets
Significant Other Observable Inputs
Significant Unobservable Inputs
Fair Value
(Level 1)
(Level 2)
(Level 3)
Mutual funds
 
 
 
 
 
Target date
$
25,981,008

$
25,981,008

$

$

 
Growth
4,539,110

4,539,110



 
Income
4,006,881

4,006,881



 
International
3,624,508

3,624,508



 
Value
1,053,680

1,053,680



Common/collective trusts
 
 
 
 
 
Index
55,745,003


55,745,003


 
Money Market
10,257,046


10,257,046


 
Stable Return Fund
1,429,394


1,429,394


The Laclede Group, Inc. - ESOP
44,025,175

44,025,175



 
$
150,661,805

$
83,230,362

$
67,431,443

$

 
 
 
 
 
 
 
 
 
 
Mutual funds
 
 
 
 
 
Target date
$
20,112,274

$
20,112,274

$

$

 
Growth
4,094,374

4,094,374



 
Income
3,629,633

3,629,633



 
International
2,960,547

2,960,547



 
Value
1,104,580

1,104,580



Common/collective trusts
 
 
 
 
 
Index
56,144,167


56,144,167


 
Money Market
11,015,853


11,015,853


 
Stable Return Fund
841,542


841,542


The Laclede Group, Inc. - ESOP
44,669,724

44,669,724



 
$
144,572,694

$
76,571,132

$
68,001,562

$


4.
TAX STATUS

The Plan obtained its latest determination letter, dated March 4 2014, in which the Internal Revenue Service stated that the Plan and related trust, as then designed, were in compliance with the applicable requirements of the Internal Revenue Code and therefore not subject to tax. The Plan has been amended since receiving the determination letter, however the Plan Administrator believes that the Plan and related trust are currently designed and being operated in compliance with the applicable requirements of the Internal Revenue Code. The Plan is no longer subject to U.S. federal tax examinations by tax authorities for years before 2010.

The Plan will be filing for an updated determination letter with the Internal Revenue Service. Accompanying the determination letter application will be a Voluntary Correction Program (VCP) filing due to late adoption of some Plan amendments. The Plan Administrator believes the operations of the Plan and related trust were not impacted even though the Plan document had not been timely updated.

5.
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 set forth in ERISA.

9



6.
RELATED PARTIES

At July 31, 2014 and 2013, the Plan held 937,104.628 and 974,045.415 shares, respectively, of common stock of The Laclede Group, Inc., the parent company of the sponsoring employer, with a market basis of $44,025,175 and $44,669,724, respectively. During the years ended July 31, 2014 and 2013, the Plan received dividend income of $1,386,113 and $1,418,558, respectively.

10



LACLEDE GAS COMPANY
WAGE DEFERRAL SAVINGS PLAN
EIN – 43-0368139 PN012
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
(FORM 5500, SCHEDULE H, LINE 4i)
JULY 31, 2014
 
 
Identity of issue, borrower, lessor or similar party
Description of investment including maturity date, rate of interest, collateral, par or maturity value
Current Value
 
 
 
 
 
*
 
The Laclede Group, Inc. - ESOP
Company stock fund (937,104.628 shares)
$
44,025,175

 
 
 
 
 
 
 
Wells Fargo Stable Return Fund - Class C
Common/collective trust (28,170.302 units)
1,429,394

 
 
 
 
 
 
 
BlackRock Russell 2000 Index Fund K
Common/collective trust (558,017.284 shares)
12,797,066

 
 
 
 
 
 
 
BlackRock U. S. Debt Index Fund - K
Common/collective trust (240,605.137 units)
7,537,052

 
 
 
 
 
 
 
BlackRock Equity Index Fund - H
Common/collective trust (500,505.080 units)
35,410,885

 
 
 
 
 
 
 
BlackRock Money Market Fund W
Common/collective trust (10,257,046.070 units)
10,257,046

 
 
 
 
 
 
 
T. Rowe Price Blue Chip Growth Fund
Mutual Fund (46,521.111 shares)
3,096,445

 
 
 
 
 
 
 
T. Rowe Price Equity Income Fund
Mutual Fund (119,004.477 shares)
4,006,881

 
 
 
 
 
 
 
Vanguard Target Retirement 2010 Fund
Mutual Fund (22,321.580 shares)
594,201

 
 
 
 
 
 
 
Vanguard Target Retirement 2015 Fund
Mutual Fund (233,570.911 shares)
3,596,992

 
 
 
 
 
 
 
Vanguard Target Retirement 2020 Fund
Mutual Fund (244,973.194 shares)
6,932,741

 
 
 
 
 
 
 
Vanguard Target Retirement 2025 Fund
Mutual Fund (328,208.655 shares)
5,399,032

 
 
 
 
 
 
 
Vanguard Target Retirement 2030 Fund
Mutual Fund (110,298.395 shares)
3,185,418

 
 
 
 
 
 
 
Vanguard Target Retirement 2035 Fund
Mutual Fund (141,147.556 shares)
2,505,369

 
 
 
 
 
 
 
Vanguard Target Retirement 2040 Fund
Mutual Fund (36,516.507 shares)
1,081,254

 
 
 
 
 
 
 
Vanguard Target Retirement 2045 Fund
Mutual Fund (64,099.624 shares)
1,190,330

 
 
 
 
 
 
 
Vanguard Target Retirement 2050 Fund
Mutual Fund (16,310.961 shares)
480,847

 
 
 
 
 
 
 
Vanguard Target Retirement 2055 Fund
Mutual Fund (7,596.421 shares)
241,186

 
 
 
 
 
 
 
Vanguard Target Retirement 2060 Fund
Mutual Fund (3,489.315 shares)
97,631

 
 
 
 
 
 
 
Vanguard Target Retirement Income Fund
Mutual Fund (52,525.812 shares)
676,007

 
 
 
 
 
 
 
Vanguard Total International Stock Index Fund - Signal Shares
Mutual Fund (26,397.200 shares)
907,536

 
 
 
 
 
 
 
JP Morgan Small Cap Growth Fund - Class A
Mutual Fund (110,295.497 shares)
1,442,665

 
 
 
 
 
 
 
Delaware Small Cap Value Fund Institutional Class
Mutual Fund (18,768.786 shares)
1,053,680

 
 
 
 
 
 
 
American Funds® Euro Pacific Growth Fund® - Class R5
Mutual Fund (54,634.458 shares)
2,716,972

 
 
 
 
 
 
 
 
 
150,661,805

 
 
 
 
 
*
 
Notes receivable from participants
Notes receivable from participants
4,057,007

 
 
 
Interest rate 4.25% - 9.50%
 
 
 
 
Total
$
154,718,812

 
 
* Party-in-interest.
 
 

11





Consent of Independent Registered Public Accounting Firm
We consent to the incorporation by reference in the Registration Statement (Form S-8 No. 333-90254)
pertaining to the Laclede Gas Company Wage Deferral Savings Plan, of our report dated January 27,
2015, with respect to the financial statements of the Laclede Gas Company Wage Deferral Savings Plan
included in this Annual Report (Form 11-K) for the year ended July 31, 2014.


St. Louis, Missouri
January 27, 2015


12

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘11-K’ Filing    Date    Other Filings
Filed as of:1/28/15
Filed on:1/27/15
For Period End:7/31/148-K,  8-K/A
7/31/13
1/2/13
 List all Filings 
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Filing Submission 0000057183-15-000003   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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