UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
FORM 11-K
ANNUAL REPORT
PURSUANT TO SECTION 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
(Mark One)
x
|
Annual report pursuant to Section 15(d) of the Securities Exchange Act of 1934 | |
For the fiscal year ended December 31, 2003 | ||
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: 001-12665
A. Full title of the plan and the address of the plan, if different from that of the issuer named below:
ACS SAVINGS PLAN
B. Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:
AFFILIATED COMPUTER SERVICES, INC.
2828 North Haskell Avenue
Dallas, Texas 75204
Notices and communications from the Securities and Exchange Commission relative to this report should be forwarded to:
William L. Deckelman, Jr., Esq.
Executive Vice President, Secretary And General Counsel
Affiliated Computer Services, Inc.
2828 North Haskell Avenue
Dallas, Texas 75204
(214) 841-6144
REQUIRED INFORMATION
The ACS Savings Plan is subject to the requirements of the Employee Retirement Income Security Act of 1974 (ERISA). Included herein is a copy of the most recent financial statements and schedules of the ACS Savings Plan prepared in accordance with the financial reporting requirements of ERISA.
ACS SAVINGS PLAN
FINANCIAL STATEMENTS
AND
INDEPENDENT AUDITORS REPORT
FOR THE YEAR ENDED DECEMBER 31, 2003
INDEPENDENT AUDITORS REPORT
To the Participants and Plan Committee of
ACS Savings Plan
We have audited the accompanying statements of net assets available for plan benefits of ACS Savings Plan (Plan) as of December 31, 2003, and the related statement of changes in net assets available for benefits for the year ended December 31, 2003. These financial statements are the responsibility of the Plans management. Our responsibility is to express an opinion on these financial statements based on our audit. The financial statements of ACS Savings Plan as of December 31, 2002 were audited by other auditors whose report date May 12, 2003, expressed an unqualified opinion on those statements.
We conducted our audit in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management as well as evaluating the overall financial statement presentation. We believe that our audit provides 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 Plan as of December 31, 2003, and the changes in net assets available for benefits for the year ended December 31, 2003 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 supplemental schedules on pages 14 and 15, together referred to as supplemental information, are presented for the purpose of additional analysis and are not a required part of the basic financial statements but are supplementary information required by the Department of Labors Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. The supplemental information is the responsibility of the Plans management. The supplemental information has been subjected to auditing procedures applied in the audits of the basic financial statements and, in our opinion, are fairly stated in all material respects in relation to the basic financial statements taken as a whole.
/s/ Chapman, Hext & Co., P.C.
Richardson, Texas
May 21, 2004
ACS SAVINGS PLAN
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
DECEMBER 31, 2003 AND 2002
2003 |
2002 |
|||||||
ASSETS |
||||||||
Participant directed investments |
$ | 307,843,019 | $ | 220,234,923 | ||||
Contributions receivable: |
||||||||
Employer |
386,568 | 5,718,457 | ||||||
Participants |
1,299,089 | 722,965 | ||||||
Other |
947 | 2,406,973 | ||||||
1,686,604 | 8,848,395 | |||||||
Total Assets |
309,529,623 | 229,083,318 | ||||||
LIABILITIES |
||||||||
Operating payables |
141,657 | 145,018 | ||||||
Net Assets Available for Benefits |
$ | 309,387,966 | $ | 228,938,300 | ||||
The accompanying notes are
an integral part of these financial statements.
2
ACS SAVINGS PLAN
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
FOR THE YEAR DECEMBER 31, 2003
ADDITIONS |
||||
Contributions: |
||||
Participants |
$ | 34,746,624 | ||
Employer |
12,710,444 | |||
Rollover from other plans |
10,047,892 | |||
Total contributions |
57,504,960 | |||
Earnings on Investments: |
||||
Net realized/unrealized appreciation on investments |
43,207,121 | |||
Interest/dividends |
1,220,105 | |||
Total earnings on investments |
44,427,226 | |||
Total Additions |
101,932,186 | |||
DEDUCTIONS |
||||
Benefits paid to participants |
20,020,557 | |||
Plan expenses |
131,233 | |||
Total Deductions |
20,151,790 | |||
Increase in net assets before net transfers from the plan |
81,780,396 | |||
Net transfers from this plan |
(1,330,730 | ) | ||
Increase in net assets |
80,449,666 | |||
Net assets available for benefits: |
||||
Beginning of period |
228,938,300 | |||
End of period |
$ | 309,387,966 | ||
The accompanying notes are
an intregal part of these financial statements.
3
ACS SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR DECEMBER 31, 2003
NOTE 1. PLAN DESCRIPTION
The following description of the ACS Savings Plan (Plan) provides only general
information. Affiliated Computer Services, Inc. (Company) is the sponsor and
administrator of the Plan. Fidelity Management Trust Company is the Trustee.
Participants should refer to the Plan agreement for a more complete description
of the Plans provision.
General
The Plan as amended and restated was established January 1, 1989, upon
conversion of an existing employee contribution savings plan.
Plan Amendments
During plan year ended December 31, 2002 the assets of Consultec, Inc. Profit
Sharing and 401(k) Plan; Computer Systems Development, Inc. Plan & Trust;
Concera Corporation Tax Sheltered Retirement Plan; Unclaimed Property Recovery
& Reporting, Inc. 401(k) Plan; and Outsourced Administrative Systems were
merged into the Plan.
The Plan was amended during the year ended December 31, 2003. A summary of the current year plan amendments follows.
The Plan assets of CyberRep 401(k) Plan (CyberRep) and Excel Alternatives, Inc. 401(k) Plan (Excel) were merged into the Plan. All eligible employees of CyberRep shall receive the benefit structure applicable to employees of ACS Business Process Solutions, Inc., and eligible employees of Excel shall receive the benefit structure applicable to employees of ACS State & Local Solutions, Inc.
Employees of ACS Health Administration, Inc. are allowed to participate in the Plan.
The Plan was amended during the plan year to comply with Section 401(a)(9) of the Internal Revenue Code relating to required minimum distributions. Additionally, the plan was amended to allow forfeitures to be used to pay for administrative expenses as well as reduce employer contributions of the Plan.
Modifications were made to the employer contributions for eligible employees of State & Local Solutions, Inc. (SLS). The modifications made to employer matching and profit sharing contributions as well as the related vesting schedules for employer contributions are reflected in the Plan description that follows.
4
ACS SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR DECEMBER 31, 2003
NOTE 1. PLAN DESCRIPTION (CONTINUED)
Salary Deferral
The Plan is a defined contribution plan wherein participants elect to reduce
their compensation and have such reductions contributed to the Plan on their
behalf. Generally, the Plan covers all eligible employees of the Company who
elect to participate except those who are leased or are nonresident aliens not
receiving United States source income. The Plan also allows for rollovers from
other plans.
Participating employees may contribute up to the lesser of 18% (30% for employees hired prior to April 1, 2003 of ACS Health Administration, Inc.) of covered compensation through payroll deductions or the maximum amount permitted under applicable Internal Revenue Service provisions. The Company may make a discretionary matching contribution each pay period to the Plan based on a percentage of the participants compensation and company profitability as decided by the Companys Board of Directors.
The Company made the following contributions for the associated companies during the year ended December 31, 2003:
Affiliated Computer Services, Inc./Computer Systems Development, Inc. Plan & Trust/Unclaimed Property Recovery Reporting, Inc./ACS Business Process Solutions, Inc./ACS Shared Services, Inc./Outsourced Administrative Systems/ACS Education Services, Inc. 25% of employee contributions limited to 6% of compensation, determined on a payroll-by-payroll basis.
ACS Enterprise Solutions, Inc. (including The Pace Group, Inc. and Tyler Technologies, Inc.)/ACS Federal Healthcare, Inc. 50% of employee contributions limited to 5% of compensation, determined on a payroll-by-payroll basis.
ACS Government Systems, Inc., formerly SCT Government Systems, Inc. 50% of employee contributions limited to 6% of compensation, determined on a payroll-by-payroll basis.
Roadways Division of Affiliated Computer Services, Inc. 50% of employee contributions limited to 7% of compensation, determined on a payroll-by-payroll basis.
5
ACS SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR DECEMBER 31, 2003
NOTE 1. PLAN DESCRIPTION (CONTINUED)
ACS State & Local Solutions, Inc. 25% of employee contributions limited to 6% of compensation, determined on a payroll-by-payroll basis. In addition, employees hired, rehired, or transferred on or after January 1, 2002 are not eligible to receive the matching contribution until they have attained one year of service.
ACS State Healthcare, LLC 100% of employee contributions for the first 2% of compensation then 25% of employee contributions for the next 4% of compensation for employees hired on or after September 1, 2002.
ACS Health Administration, Inc. 50% of employee contributions limited to 6% of compensation, determined on a payroll-by-payroll basis. Employees are not eligible to receive the matching contribution until they have completed one year of service in which they work at least 1,000 hours.
Company matching contributions are made to the ACS Stock Fund. Participants may exchange out of the ACS Stock Fund at any time with no restrictions.
Profit Sharing
The Company may make a profit sharing contribution on behalf of employees of
Affiliated Computer Services, Inc.; ACS Enterprise Solutions, Inc. (including
The Pace Group, Inc. and Tyler Technologies, Inc.); ACS Federal Healthcare,
Inc., ACS Government Systems, Inc., formerly SCT Government Systems, Inc.;
Roadways Division of Affiliated Computer Services Inc.; ACS State & Local
Solutions, Inc. (SLS); ACS State Healthcare, LLC; and ACS Health
Administration, Inc.
Employees of ACS State Healthcare, LLC are required to be 21 years of age and have completed 12 consecutive months of employment in order to be eligible for a profit sharing contribution. Employees hired on or after September 1, 2002 shall not be eligible to share in a profit sharing contribution.
Employees of ACS State & Local Solutions, Inc. hired on or after January 1, 2002 are not eligible to share in the profit sharing contribution until they have attained one year of service.
Employees of ACS Health Administration, Inc. are not eligible to share in the profit sharing contribution until they have completed one year of service.
6
ACS SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR DECEMBER 31, 2003
NOTE 1. PLAN DESCRIPTION (CONTINUED)
Employees generally must complete 1,000 hours of service during the plan year
and be employed on the last day of the plan year in order to be eligible for a
profit sharing contribution. For the year ended December 31, 2003 the Company
made the following profit sharing contributions on behalf of employees:
Roadways Division of Affiliated Computer
Services, Inc. (Roadways) ACS State & Local Solutions, Inc. (SLS) |
3% 4% |
Allocation
Each participants account is credited with the participants salary deferral
and the Companys matching contributions are allocated semimonthly to each
participants account. Investment income or loss is allocated daily based on
the ratio of each participants account balance at the end of each day.
Company profit sharing contributions for Roadways and SLS are funded on a semimonthly basis. The contributions are allocated among participants in the same proportion that the entitled participants compensation for such Plan year bears to the total compensation of all entitled participants.
Vesting
Employee contributions are 100% vested. For vesting of employer contributions,
an employee is credited with a year of service for each plan year in which the
employee completes at least 1,000 hours of service.
Vesting of employer contributions occurs at the following rates for employees of Affiliated Computer Services, Inc.; ACS Business Process Solutions, Inc.; ACS Shared Services, Inc.; ACS Federal Healthcare, Inc.; ACS State & Local Solutions, Inc. (for matching contributions only); Roadways Division of Affiliated Computer Services, Inc. (after January 1, 1999); ACS State Healthcare, LLC (for employees hired after September 1, 2002 for matching contributions only); Unclaimed Property Recovery & Reporting, Inc. (prior service credit recognized); Computer Systems Development, Inc. Plan & Trust; ACS Government Systems, Inc., formerly SCT Government Systems, Inc. (effective January 1, 2002); Outsourced Administration Systems (effective January 1, 2003 prior service credit recognized); ACS Education Services, Inc.; and, Concera Corporation (hired, rehired or transferred after December 30, 2002):
Years of Vesting Service |
Vested Interest |
|||
Less than two years |
0 | % | ||
Two to three years |
50 | % | ||
Three or more years |
100 | % |
7
ACS SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR DECEMBER 31, 2003
NOTE 1. PLAN DESCRIPTION (CONTINUED)
Employees of ACS Business Process Solutions, Inc. and ACS Shared Services, Inc.
are 100% vested in the portion of the matching contributions existing prior to
the merger with the ACS Savings Plan during 2001. Employees of Roadways
Division of Affiliated Computer Services, Inc. are 100% vested in matching
contributions made prior to January 1, 1999. Concera Corporation employees are
100% vested in their matching contributions existing prior to the merger in
2002. Employees of ACS Health Administration, Inc. are 100% vested in matching
and profit sharing contributions.
Vesting of profit sharing contributions for employees of ACS State Healthcare, LLC are as follows:
Years in Vesting Service |
Vested Interest |
||||
Less than four years |
0 | % | |||
Five years |
100 | % |
In addition, a participant shall become 100% vested upon reaching his or her normal retirement age of 55 years.
Vesting of employer contributions occurs at the following rates for employees of ACS Enterprise Solutions, Inc. (including The Pace Group, Inc. and Tyler Technologies, Inc.):
Years in Vesting Service |
Vested Interest |
|||
Less than two years |
0 | % | ||
Two to three years |
20 | % | ||
Three to four years |
50 | % | ||
Four to five years |
75 | % | ||
Five or more years |
100 | % |
Vesting of employer contributions occurs at the following rates for employees of ACS State and Local Solutions, Inc. (profit sharing only):
Years in Vesting Service |
Vested Interest |
|||
Less than two years |
0 | % | ||
Two to three years |
25 | % | ||
Three to four years |
50 | % | ||
Four to five years |
75 | % | ||
Five or more years |
100 | % |
8
ACS SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR DECEMBER 31, 2003
NOTE 1. PLAN DESCRIPTION (CONTINUED)
Vesting of employer contributions occurs at the following rates for employees
of ACS Government Systems, Inc., formerly SCT Government Systems, Inc. (prior
to January 1, 2001); Roadways Division of Affiliated Computer Services, Inc.
(prior to January 1, 1999); Outsourced Administrative Systems (prior to January
1, 2003):
Years in Vesting Service |
Vested Interest |
|||
Less than one year |
0 | % | ||
One to two years |
20 | % | ||
Two to three years |
40 | % | ||
Three to four years |
60 | % | ||
Four to five years |
80 | % | ||
Five or more years |
100 | % |
Participant Loans
Participants may borrow from their fund accounts, through a loan transaction, a
minimum of $1,000 or up to a maximum of $50,000 not to exceed 50% of their
account balance. The balance in the participants account is used to secure
the loans. These loan transactions are treated as a transfer between the
investment fund and the participant notes fund. The loan terms range from one
to five years or within a reasonable time if the purpose of the loan is to
acquire a primary residence. The interest rate on loan transactions is a
reasonable rate commensurate with current rates. As of December 31, 2003,
interest rates on outstanding loan balances ranged from 5.75% to 10.50%.
Principal and interest are paid ratably through payroll deductions.
Participant notes receivable are valued at cost, which approximates fair
values. A participant may not have more than two loans outstanding at the same
time.
Termination
Although it has not expressed any intent to do so, the Companys Board of
Directors may terminate the Plan at any time. Upon termination, the Board of
Directors may elect to distribute to each participant, or his or her
beneficiary, the proportionate share of the Plans assets as determined by the
individual account balances on the date of termination, or continue the
existence of the trust for the purpose of paying benefits as they become due
under the terms of the Plan. In addition, upon termination of the Plan, the
participants vested interest in employer contributions shall be 100%.
Upon termination of service, a participant may elect to receive either a lump-sum amount equal to the value of his or her account, or one of various installment payments available under the Plan.
9
ACS SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR DECEMBER 31, 2003
NOTE 1. PLAN DESCRIPTION (CONTINUED)
Forfeitures
Forfeitures are used to reduce employer matching or profit sharing
contributions or plan administrative expenses. At December 31, 2003, the Plan
maintained a balance of $281,843 in forfeited nonvested accounts and utilized
approximately $640,000 in forfeitures to offset employer contributions.
Plan Administrative Costs
The Plan sponsor absorbs the portion of administrative costs of the Plan not
paid by forfeitures.
NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
This summary of significant accounting policies of the Plan is presented to
assist in understanding the financial statements. The financial statements and
notes are representations of the Plans administrator, who is responsible for
their integrity and objectivity. The accounting policies conform to accounting
principles generally accepted in the United States of America and have been
consistently applied in the preparation of the financial statements.
Estimates
The preparation of financial statements in conformity with accounting
principles generally accepted in the United States of America requires the plan
administrator to make estimates and assumptions that affect certain reported
amounts and disclosures, such as fair value. Accordingly, actual results may
differ from those estimates.
Investment Valuation and Income Recognition
Fidelity Management Trust Company (Fidelity) holds the Plans investments. The
fair value per unit/share is stated at quoted market prices. Purchases and
sales of securities are recorded on a trade-date basis. Dividends are recorded
on the ex-dividend date. Interest income is recorded on the accrual basis.
The Plan presents, in the Statement of Changes in Net Assets Available for Benefits, the net appreciation in the fair value of its investments, which consists of the realized gains (losses) and the unrealized appreciation (depreciation) on those investments.
Payment of Benefits
Benefit payments are recorded when paid.
10
ACS SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR DECEMBER 31, 2003
NOTE 3. INCOME TAX STATUS
The plan obtained its latest determination letter on May 7, 2003, in which the
Internal Revenue Service stated that the plan, as then designed, was in
compliance with the applicable requirements of the Internal Revenue Code (IRC).
The plan has been amended since receiving the determination letter. However,
the plan administrator and the plans tax counsel believe that the plan is
currently designed and being operated in compliance with the applicable
requirements of the Internal Revenue Code. Therefore, no provision for income
taxes has been included in the plans financial statements.
NOTE 4. INVESTMENTS
The Plan maintains the following investments representing 5% or more of net
assets available for benefits at December 31, 2003 and 2002:
2003 |
2002 |
|||||||
Fidelity Growth Company Fund |
$ | 37,498,736 | $ | 22,771,457 | ||||
Fidelity Low-Priced Stock Fund |
29,305,865 | 17,709,519 | ||||||
Fidelity Money Market Trust |
68,983,696 | 60,754,695 | ||||||
Fidelity Spartan US Equity Index Fund |
22,400,042 | 16,188,461 | ||||||
ACS Stock Fund |
37,279,579 | 28,419,259 | ||||||
PIMCO Total Return Fund |
| 11,621,545 |
During the year ended December 31, 2003, the Plans investments (including gains and losses on investments bought and sold, as well as held during the year) appreciated in value by $43,207,121 as follows:
BrokerageLink accounts: |
||||
Mutual Funds |
$ | 11,263 | ||
Common Stock |
44,941 | |||
Fidelity Mutual Funds |
41,236,717 | |||
Nonemployee corporate stock |
68,755 | |||
ACS Stock Fund |
1,845,445 | |||
$ | 43,207,121 | |||
NOTE 5. RELATED PARTY TRANSACTIONS
The Plan invested in units of pooled separate accounts managed by a subsidiary
of Fidelity, who acted as custodian of the Plans assets, as defined by the
Plan. These transactions qualify as party-in-interest transactions. However,
these transactions are exempt from the prohibited transaction rules.
11
ACS SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR DECEMBER 31, 2003
NOTE 6. PLAN MERGERS
All assets of Excel Alternatives, Inc. 401(k) Plan, previously held by
Principal Financial Group, were transferred into the ACS Savings Plan and the
Plan, as it previously existed, was merged in October 2003. The funds
transferred totaled approximately $900,000 and were reinvested with Fidelity in
similar investments. Participant loans were also transferred into the Plan.
The Statement of Changes in Net Assets Available for Benefits includes the
activity for the employees of this company from May 2003 through December 31,
2003.
All assets of CyberRep 401(k) Plan, previously held by ADP Retirement Services, were transferred into the ACS Savings Plan and the Plan, as it previously existed, was merged in July 2003. The funds transferred totaled approximately $900,000 and were reinvested with Fidelity in similar investments. Participant loans were also transferred into the Plan. The Statement of Changes in Net Assets Available for Benefits includes the activity for the employees of this company from July 2003 through December 31, 2003.
NOTE 7. SUBSEQUENT EVENT
In the normal course of business, the Company may consolidate additional plans
or eliminate current subsidiaries into or out of the ACS Savings Plan.
NOTE 8. FORM 5500
The Form 5500 was not available for review at the time of filing the audited
financial statements on Form 11-K with the Securities and Exchange Commission.
However, in order to comply with ERISA, a comparison and reconciliation of the
audited financial statements with the Form 5500 will occur before the Form 5500
is finalized and filed (with the accompanying audited financial statements).
The plan administrator does not anticipate any changes to these financial
statements as a result of this reconciliation.
12
ACS SAVINGS PLAN
SCHEDULE H, LINE 4i SCHEDULE OF ASSETS HELD AT DECEMBER 31, 2003
EIN #51-0310342 PLAN NUMBER 333
(b) Identity of | ||||||||||||
Issue, Borrower, | (c ) Description of Investment, including | |||||||||||
Lessor or Similar | maturity date, rate of interest, collateral, | |||||||||||
(a) |
Party |
par, or maturity value |
(d) Cost |
(e) Current Value |
||||||||
* |
Fidelity | Fidelity Money Market Trust Retirement | 68,983,696 | |||||||||
* |
Fidelity | BrokerageLink | 288,385 | |||||||||
* |
Fidelity | PIMCO Total Return Fund-Admin Class | 15,269,452 | |||||||||
* |
Fidelity | Franklin Small Cap Growth Fund I-Class A | 7,375,864 | |||||||||
* |
Fidelity | INVESCO Dynamics Fund | 3,196,598 | |||||||||
* |
Fidelity | Brazos Real Estate Securities Fund | 4,023,624 | |||||||||
* |
Fidelity | PIMCO High Yield Fund-Admin Class | 2,585,214 | |||||||||
* |
Fidelity | Davis NY Venture Fund | 9,726,352 | |||||||||
* |
Fidelity | Vanguard Global Equity Fund | 4,955,115 | |||||||||
* |
Fidelity | Vanguard Balanced Fund | 7,353,139 | |||||||||
* |
Fidelity | Fidelity Equity-Income Fund | 8,028,280 | |||||||||
* |
Fidelity | Fidelity Growth Company Fund | 37,498,736 | |||||||||
* |
Fidelity | Fidelity Low-Priced Stock Fund | 29,305,865 | |||||||||
* |
Fidelity | Fidelity Diversified Int'l Fund | 11,304,099 | |||||||||
* |
Fidelity | Fidelity Freedom Income Fund | 987,947 | |||||||||
* |
Fidelity | Fidelity Freedom 2000 Fund | 1,923,191 | |||||||||
* |
Fidelity | Fidelity Freedom 2010 Fund | 5,909,741 | |||||||||
* |
Fidelity | Fidelity Freedom 2020 Fund | 6,355,548 | |||||||||
* |
Fidelity | Fidelity Freedom 2030 Fund | 4,351,532 | |||||||||
* |
Fidelity | Fidelity Spartan US Equity Index Fund | 22,400,042 | |||||||||
* |
Fidelity | Fidelity Freedom 2040 Fund | 1,523,719 | |||||||||
* |
Fidelity | ACS Stock Fund | 37,279,579 | |||||||||
* |
Fidelity | Lockheed Martin Stock Fund | 4,869,914 | |||||||||
* |
Fidelity | SCT Stock Fund | 1,426,428 | |||||||||
Participant Loans at 5.75% to 10.50% | 10,920,959 | |||||||||||
$ | 307,843,019 | |||||||||||
* Denotes a party-in-interest
ACS SAVINGS PLAN
SCHEDULE H, LINE 4j SCHEDULE OF REPORTABLE TRANSACTIONS FOR THE YEAR ENDED DECEMBER 31, 2003
EIN #51-0310342 PLAN NUMBER 333
(h) Current | ||||||||||||||||||||||||||||||
Value of | ||||||||||||||||||||||||||||||
(a) Identity | asset on | (i) Net | ||||||||||||||||||||||||||||
of party | (c) Purchase | (d) Selling | (e) Lease | (f) Expense | (g) Cost of | transaction | gain or | |||||||||||||||||||||||
involved |
(b) Description of Asset |
Price |
Price |
rent |
incurred |
Asset |
date |
(loss) |
||||||||||||||||||||||
Fidelity |
Fidelity Retirement Money Market | $ | 16,517,673 | $ | | $ | | $ | | $ | | $ | | $ | | |||||||||||||||
Fidelity |
Fidelity Retirement Money Market | | 15,492,549 | | | 15,492,549 | | |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the employee benefit plan) have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.
ACS SAVINGS PLAN | ||||
By: | Affiliated Computer Services, Inc. Plan Administrator | |||
By: | /s/ Lora Villarreal | |||
Name: | Lora Villarreal | |||
Title: | Senior Vice President and Chief People Officer; Administrative Committee Member |
Date: June 28, 2004
INDEX TO EXHIBITS
Exhibit | ||
Number |
Exhibit Name |
|
23*
|
Consent of Chapman, Hext & Co., P.C. |
* Filed herewith