Document




UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549


__________________________________

FORM 11-K
ANNUAL REPORT
PURSUANT TO SECTION 15(d) 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 December 31, 2016.

[ ]
TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _______ to ______.

Commission file number 1-2299

A.
Full title of the plan and the address of the plan, if different from that of the issuer named below:

Applied Industrial Technologies, Inc.
Retirement Savings Plan

B.
Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:

Applied Industrial Technologies, Inc.
One Applied Plaza
Cleveland, Ohio 44115-5056





Financial Statements and Exhibit(s) (enclosed)

                                    
(a)    Financial Statements                

Report of Independent Registered Public Accounting Firm        
        
Statements of Net Assets Available for Benefits
As of December 31, 2016 and 2015
        
Statement of Changes in Net Assets Available for Benefits
For the Year Ended December 31, 2016
    
Notes to Financial Statements                    

Supplemental Schedules                                 
                

(b)    Exhibit(s)

23    Consent of Independent Registered Public Accounting Firm

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Plan has duly caused this annual report to be signed on its behalf by the undersigned, hereunto duly authorized.
                        
 
APPLIED INDUSTRIAL TECHNOLOGIES,
INC. RETIREMENT SAVINGS PLAN
 
 
 
By: Applied Industrial Technologies, Inc., as Plan Administrator
 
 
 
By: /s/ Kurt W. Loring                 
 
Kurt W. Loring
 
Vice President-Chief Human Resources Officer
 
 
Date: June 14, 2017
 











APPLIED INDUSTRIAL TECHNOLOGIES, INC.
RETIREMENT SAVINGS PLAN



Financial Statements
For the Years Ended December 31, 2016 and 2015

Supplemental Schedules
As of December 31, 2016 and For the Year Ended December 31, 2016

Report of Independent Registered Public Accounting Firm






APPLIED INDUSTRIAL TECHNOLOGIES, INC.
RETIREMENT SAVINGS PLAN

TABLE OF CONTENTS

 
 
Page
 
 
 
 
 
 
 
 
 
 
FINANCIAL STATEMENTS:
 
 
 
 
 
 
 
 
 
 
 
SUPPLEMENTAL SCHEDULES:
 
 
 
 
 
 
 







REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Investment and Advisory Committees
for the Applied Industrial Technologies, Inc. Retirement Savings Plan

We have audited the accompanying statements of net assets available for benefits of Applied Industrial Technologies, Inc. Retirement Savings Plan (the “Plan”) as of December 31, 2016 and 2015 and the related statements of changes in net assets available for benefits for the year ended December 31, 2016. 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 audits to obtain reasonable assurance about whether the financial statements are free of material misstatement. The Plan is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Plan's internal control over financial reporting. Accordingly, we express no such opinion. 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 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 of the Plan as of December 31, 2016 and 2015 and the changes in net assets for the year ended December 31, 2016, in conformity with accounting principles generally accepted in the United States of America.
The supplemental information in the accompanying schedules of assets held at end of year as of December 31, 2016 and delinquent participant contributions for the year ended December 31, 2016 have been subjected to audit procedures performed in conjunction with the audit of the Plan's financial statements. The supplemental information is the responsibility of the Plan's management. Our audit procedures included determining whether the supplemental information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental information. In forming our opinion on the supplemental information, we evaluated whether the supplemental information, including its form and content, is presented in conformity with Department of Labor's Rules and Regulations for Reporting under the Employee Retirement Income Security Act of 1974. In our opinion, the supplemental information is fairly stated, in all material respects, in relation to the financial statements as a whole.


/s/ Plante & Moran, PLLC

Cleveland, Ohio
June 14, 2017



1

APPLIED INDUSTRIAL TECHNOLOGIES, INC.
RETIREMENT SAVINGS PLAN

STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
AS OF DECEMBER 31, 2016 AND 2015



 
2016
 
2015
 
 
 
 
Assets:
 
 
 
  Investments at fair value
$
445,516,386

 
$
411,240,816

  Participant notes receivable
8,071,618

 
7,644,218

Net assets available for plan benefits
$
453,588,004

 
$
418,885,034

 
 
 
 
 
 
 
 
See notes to financial statements.
 
 
 



2

APPLIED INDUSTRIAL TECHNOLOGIES, INC.
RETIREMENT SAVINGS PLAN

STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
FOR THE YEAR ENDED DECEMBER 31, 2016




 
2016
Additions to net assets attributed to:
 
  Contributions:
 
    Participants
$
13,115,212

    Participants' rollovers
2,290,824

    Employer
3,695,685

        Total contributions
19,101,721

 
 
    Interest, Dividends, and Other
3,987,377

 
 
   Net appreciation in fair value of investments
52,403,954

 
 
         Total investment income
56,391,331

 
 
Interest on participant notes receivable
352,669

 
 
Total additions
75,845,721

 
 
Deductions from net assets attributed to:
 
  Distributions to participants
(40,602,174
)
  Administrative expenses
(540,577
)
          Total deductions
(41,142,751
)
 
 
Net increase in net assets
34,702,970

 
 
Net assets available for benefits:
 
Beginning of year
418,885,034

End of year
$
453,588,004

 
 
 
 
See notes to financial statements.






3

APPLIED INDUSTRIAL TECHNOLOGIES, INC. RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS
YEARS ENDED DECEMBER 31, 2016 AND 2015


1. DESCRIPTION OF THE PLAN

The following description of the Applied Industrial Technologies, Inc. Retirement Savings Plan (the “Plan”) is provided for general purposes only. Participants and users of the financial statements should refer to the Plan document for more complete information.

General - The Plan was established for the purpose of encouraging and assisting domestic employees of Applied Industrial Technologies, Inc. and its subsidiaries (the “Company”) to provide long-term, tax-deferred savings for retirement. The Plan is subject to reporting and disclosure requirements, minimum participation and vesting standards, and fiduciary responsibility requirements of the Employee Retirement Income Security Act of 1974 (“ERISA”).

Administration - The Plan is administered by the Company. The Company's powers and duties relate to making participant and employer contributions to the Plan, establishing investment options, authorizing disbursements from the Plan, and resolving any questions of Plan interpretation. The record keeper and trustee for the assets of the Plan is Wells Fargo Bank, N.A. (“Wells Fargo”).

Participant Accounts - Each participant's account is credited with the participant's contributions and allocations of (a) the Company's contributions and (b) Plan earnings (losses), and (c) administrative expenses. Allocated expenses are based on participant contributions, account balances, or can be per capita, as defined. The benefit to which a participant is entitled is the benefit that can be provided from the participant's vested portion of their account.

Participation and Contributions - All eligible employees may participate in the Plan after their first payroll period. Eligible employees may elect to make pretax contributions to the Plan ranging from 1% to 50% of compensation, subject to limitations under the Internal Revenue Code. All newly eligible employees are automatically enrolled into the Plan with an initial contribution rate of 2% after 30 days of employment if they have not made an affirmative election already.

The Company may make additional discretionary contributions to the Plan, including, but not limited to, matching contributions equal to a percentage of participant pretax contributions not in excess of 6% of the participant's compensation determined annually. Any employer matching contribution is typically paid to the plan monthly and participants must be employed during the last pay period of the month to receive the monthly match. Employer matching contributions are allocated based on the personal investment choices of each participant. For the first, second, third and fourth quarters of 2016, the employer match on participant contributions was $0.25, $0.25, $0.25, and $0.75 of every eligible employee dollar contributed. For the first, second, third and fourth quarters of 2015, the employer match on participant contributions was $0.50, $0.25, $0.25, and $0.25 of every eligible employee dollar contributed.

The Plan permits catch-up contributions for participants who are age 50 or older and defer the maximum amount allowed under the Plan.

Contributions are excluded from participants' taxable income until such amounts are received by them as a distribution from the Plan.

The Plan provides for rollover contributions (amounts distributed to participants from certain other tax-qualified plans) and transfer contributions (amounts transferred from certain other tax-qualified plans) by or on behalf of an employee in accordance with procedures established by the Company.

During 2017, the Company remitted certain 2016 employee deferrals to the Plan after the Department of Labor's required time frame. A contribution of lost earnings was made to the Plan in 2017.

4

APPLIED INDUSTRIAL TECHNOLOGIES, INC. RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS
YEARS ENDED DECEMBER 31, 2016 AND 2015

Investment of Contributions - The Plan provides that, in accordance with the investment objectives established by the Company, the trustee of the Plan shall hold, invest, reinvest, manage and administer all assets of the Plan as a trust fund for the exclusive benefit of participants and their beneficiaries. Participants elect investment of matching and pretax contributions in 1% increments to any of several investment funds or options. The portion of the Plan that is invested in the Applied Industrial Technologies, Inc. Stock Fund is intended to be an Employee Stock Ownership Plan (“ESOP”) under Code Section 4975 (e)(7) and ERISA Section 407 (d)(6).
Participants may elect to change their investment elections as to future contributions and may also elect to reallocate a portion or all of their account balances among the investment choices in increments of 1% of the total amount to be reallocated. All such elections are filed with the Trustee and become effective daily.

Vesting and Distributions - Each participant is immediately and fully vested in their participant contributions and earnings thereon. Participants vest in matching employer contributions and profit-sharing contributions at a rate of 25% for each year of eligible service, becoming completely vested after four years, or at death, termination of employment due to physical or mental disability (determined by the Company upon the basis of a written certificate of a physician selected by it), or normal retirement as defined in the Plan.

Upon termination of employment, participants may receive lump-sum or installment distributions of their vested account balances as soon as administratively possible. Distributions can be made in the form of Company stock, cash, or a combination thereof. The Plan permits hardship withdrawals, if the hardship criteria are met, or in-service distributions at age 59 1/2. Hardship withdrawals and in-service distributions can be taken from participant rollovers, salary deferrals, and catch-up contributions.

Forfeitures - Forfeitures of nonvested amounts are used to reduce future matching employer contributions. Total forfeitures were $151 and $132,359 at December 31, 2016 and 2015, respectively. The Company used $235,000 from the forfeitures to offset contributions for the year ended December 31, 2016.

Participant Notes Receivable - Participants may borrow (from their pre-tax contributions, rollover contributions and transferred contributions) a minimum of $1,000 up to a maximum equal to the lesser of $50,000 or 50% of the aggregate sum of the participant's accounts. Participant notes receivable terms range from 1-5 years or up to 10 years if used for the purchase of a primary residence. Participant notes receivable that originated from merged plans are also reflected in participant notes receivable in the Plan's financial statements; these participant notes receivable are to be repaid to the Plan in accordance with their original terms. Participant notes receivable are collateralized by the balance in the participant's accounts and bear interest at market rates prevailing at the time the participant note receivable originated. Principal and interest are paid ratably through bi-weekly payroll deductions. Funds cannot be borrowed from Company contributions.

Plan Termination - The Plan was adopted with the expectation that it will continue indefinitely. The Company may, however, terminate the Plan at any time and may amend the Plan from time to time. In the event of termination of the Plan, all participants will immediately become fully vested in their accounts.

Tax Status of the Plan - The Plan obtained its latest determination letter dated September 17, 2013, 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. Although the Plan has been amended since receiving this determination letter, the Plan administrator believes that the Plan is designed and is currently being operated in compliance with the applicable requirements of the Internal Revenue Code.

5

APPLIED INDUSTRIAL TECHNOLOGIES, INC. RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS
YEARS ENDED DECEMBER 31, 2016 AND 2015

Therefore, no provision for income taxes has been included in the Plan's financial statements. The Plan is no longer subject to income tax examinations for the years prior to 2013.

Party-in-interest Transactions - Certain plan assets are in investment funds managed by Wells Fargo or its affiliates. Wells Fargo is the trustee of the Plan; therefore, these transactions qualify as party-in-interest transactions as defined under ERISA guidelines.

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The following is a summary of the significant accounting policies followed in the preparation of the Plan's financial statements.

Basis of Accounting - The accompanying financial statements have been prepared on the accrual basis of accounting.

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

Valuation of Investments - Investments are accounted for at cost on the trade date and are reported in the Statements of Net Assets Available for Benefits at fair value. The AMP Trust Columbia Trust Stable Income Fund, which is a common collective trust fund, is valued at net asset value per share (or its equivalent) of the funds, which are based on the fair value of the funds' underlying net assets. There were no unfunded commitments or redemption restrictions on the common collective trust funds. The investment in Applied Industrial Technologies, Inc. common stock is valued using the year-end closing price listed by the New York Stock Exchange. Mutual funds are stated at values using year-end closing prices for each of the funds or quoted market prices. See Note 3, “Fair Value Measurements” for additional disclosures relative to the fair value of the investments held in the Plan. The Applied Industrial Technologies, Inc. Stock fund (the "Fund") is tracked and valued on a unitized basis which represents the fair value of the underlying investments. The Fund consists of Applied Industrial Technologies, Inc. common stock and the Wells Fargo Advantage Heritage Money Market Fund sufficient to meet the Fund's daily cash needs. Utilizing the Fund allows for daily trades. The value of the unit reflects the combined market value of Applied Industrial Technologies, Inc. common stock and the cash investments held by the Fund.

Participant Notes Receivable - Participant notes receivable are recorded at their unpaid principal balances plus any accrued interest. Participant notes receivable are written off when deemed uncollectible.

Benefit Payments - Distributions to participants are recorded by the Plan when payments are made.

Administrative Expenses - Administrative expenses of the Plan are paid by the Plan.

Risks and Uncertainties - In general, investment securities are exposed to various risks, such as interest rate, credit and overall market volatility risks. Due to the level of risk associated with investment securities, it is reasonably possible that changes in the values of investment securities could occur in the near term, and such changes could materially affect the amounts reported in the financial statements.

New Accounting Pronouncements - During 2016, the Plan adopted Accounting Standards Update (ASU) No. 2016-01, Financial Instruments - Overall Recognition and Measurement of Financial Assets and Financial Liabilities. ASU No. 2016-01 amended Accounting Standard Codification (ASC) 825,

6

APPLIED INDUSTRIAL TECHNOLOGIES, INC. RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS
YEARS ENDED DECEMBER 31, 2016 AND 2015

Financial Instruments, and eliminated the requirement to disclose the fair value of financial instruments not recorded at fair value required under ASC 825. This standard was adopted retrospectively and had no impact on the Plan's net assets or changes in net assets.

3. FAIR VALUE MEASUREMENTS

Accounting standards require certain assets and liabilities be reported at fair value on the financial statements and provide a framework for establishing that fair value. The framework for determining fair value is based on a hierarchy that prioritizes the inputs and valuation techniques used to measure fair value.

The Plan estimates the fair value of financial instruments using available market information and generally accepted valuation methodologies. Fair value is defined as the price that would be received to sell an asset or be paid to transfer a liability in an orderly transaction between market participants at the measurement date. The inputs used to measure fair value are classified into three tiers. These tiers include: Level 1, defined as observable inputs such as quoted prices in active markets; Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions.

In instances where inputs used to measure fair value fall into different levels of the fair value hierarchy, fair value measurements in their entirety are categorized based on the lowest level input that is significant to the valuation. The Plan's assessment of the significance of particular inputs to these fair value measurements require judgment and considers factors specific to each asset or liability.

Financial assets and liabilities measured at fair value on a recurring basis are as follows. There are currently no items categorized as Level 2 or 3 within the fair value hierarchy.
 
 
 
 
Fair Value Measurements at 12/31/16
 
 
Recorded Value
 
Quoted Prices in Active Markets for Identical Instruments
 
 
December 31, 2016
 
Level 1
Assets:
 
 
 
 
  Applied Industrial Technologies, Inc. Stock Fund
 
 
 


Common Stock
 
$
98,121,794

 
$
98,121,794

Cash
 
1,605,469

 
1,605,469

  Mutual Funds
 
284,943,135

 
284,943,135

Total
 
$
384,670,398

 
$
384,670,398

 
 
 
 
 
Investments measured at NAV:
 
 
 
 
  Common/collective trust fund: Stable value
 
$
60,845,988

 
 
 
 
 
 
 
Total investments at fair value
 
$
445,516,386

 


7

APPLIED INDUSTRIAL TECHNOLOGIES, INC. RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS
YEARS ENDED DECEMBER 31, 2016 AND 2015

 
 
 
 
Fair Value Measurements at 12/31/15
 
 
Recorded Value
 
Quoted Prices in Active Markets for Identical Instruments
 
 
December 31, 2015
 
Level 1
Assets:
 
 
 
 
  Applied Industrial Technologies, Inc. Stock Fund
 
 
 
 
Common Stock
 
$
80,128,900

 
$
80,128,900

Cash
 
1,005,121

 
1,005,121

  Mutual Funds
 
275,362,037

 
275,362,037

Total
 
$
356,496,058

 
$
356,496,058

 
 
 
 
 
Investments measured at NAV:
 
 
 
 
  Common/collective trust fund: Stable value
 
$
54,744,758

 
 
 
 
 
 
 
Total investments at fair value
 
$
411,240,816

 



The Plan's policy is to recognize transfers in and transfers out of level 1, 2, and 3 fair value classifications as of the actual date of the event of change in circumstances that caused the transfer.



8

APPLIED INDUSTRIAL TECHNOLOGIES, INC.
RETIREMENT SAVINGS PLAN

Employer ID Number: 34-0117420
Plan Number: 003

SCHEDULE H LINE 4(i) - SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2016




(a)
(b)
(c)
(d)
(e)
 
Identity of Issuer, Borrower,
 
 
Current
 
Lessor or Similar Party
Description of Investment
Cost
Value
 
 
 
 
 
*
Applied Industrial Technologies, Inc. Stock Fund:
 
 
 
 
     Applied Industrial Technologies, Inc.
Common Stock - 1,651,712 shares
 
$
98,121,794

 
 
 
 
 
 
     Wells Fargo Advantage Heritage
Money Market Fund - 1,605,469 shares
 
1,605,469

 
Applied Industrial Technologies, Inc. Stock Fund Total
 
 
99,727,263

 
 
 
 
 
 
Common/Collective Trust Fund - at Contract Value
 
 
 
 
AMP Trust Columbia Trust Stable Income Fund
 
 **
60,845,988

 
 
 
 
 
 
Fixed Income Funds
 
 
 
 
Bond Fund
 
 
 
 
Lord Abbett Total Return Fund
Mutual Fund - 2,246,297 shares
**
23,064,785

 
Western Asset Core Bond Fund
Mutual Fund - 1,241,688 shares
**
15,322,432

 
Total Fixed Income Funds
 
 
38,387,217

 
 
 
 
 
 
Equity Funds
 
 
 
 
Foreign Stock
 
 
 
 
American Funds EuroPacific Growth Fund
Mutual Fund - 355,700 shares
**

16,020,524

 
Vanguard Total International Stock Index Fund
Mutual Fund - 440,547 shares
**

10,850,667

 
Large Core Stock
 
 
 
 
American Funds Fundamental Investments Fund
Mutual Fund - 266,250 shares
**

14,497,323

 
MFS Blended Reserve Core Equity Fund
Mutual Fund - 597,741 shares
**

14,267,707

 
Vanguard 500 Index Fund
Mutual Fund - 71,784 shares
**

14,828,387

 
Large Growth Stock
 
 
 
 
Harbor Capital Appreciation Fund
Mutual Fund - 188,728 shares
**

10,691,181

 
JP Morgan Growth Advantage Fund
Mutual Fund - 686,011 shares
 
10,818,389

 
Vanguard Growth Index Fund
Mutual Fund - 194,321 shares
**

11,136,513

 
Large Value Stock
 
 
 
 
American Washington Mutual Investment Fund
Mutual Fund - 129,967 shares
**

5,323,453

 
Vanguard Value Index Fund
Mutual Fund - 220,319 shares

**
7,982,050

 
Mid Cap Core Stock
 
 
 
 
Principal Mid Cap Fund
Mutual Fund - 135,566 shares

**

3,048,829

 
Vanguard Mid Cap Index Fund
Mutual Fund - 12,517 shares

**

2,039,594

 
Mid Cap Value Stock
 
 
 
 
JP Morgan Mid Cap Value Fund
Mutual Fund - 132,744 shares

**

4,831,825

 
Vanguard Mid Cap Value Index Fund
Mutual Fund - 51,853 shares

**

2,608,721

 
T Rowe Mid Cap Equity Growth Fund
Mutual Fund - 508,280 shares
**
23,350,165

 
Vanguard Small Cap Index Fund
Mutual Fund - 18,842 shares

**

1,163,870


9

APPLIED INDUSTRIAL TECHNOLOGIES, INC.
RETIREMENT SAVINGS PLAN

Employer ID Number: 34-0117420
Plan Number: 003

SCHEDULE H LINE 4(i) - SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2016




(a)
(b)
(c)
(d)
(e)
 
Identity of Issuer, Borrower,
 
 
Current
 
Lessor or Similar Party
Description of Investment
Cost
Value
 
Vanguard Russell 2000 Growth Fund
Mutual Fund - 64,932 shares

**

13,809,543

 
American Beacon Small Cap Value Fund
Mutual Fund - 275,026 shares

**

7,598,917

 
Vanguard Growth Index Fund
Mutual Fund - 34,472 shares
**
1,975,579

 
Vanguard Mid-Cap Index
Mutual Fund - 6,479 shares
**
1,055,723

 
Vanguard Small-Cap Index
Mutual Fund - 18,924 shares
**
1,168,940

 
Vanguard Total Int ST Index
Mutual Fund - 67,644 shares
**
1,666,069

 
Vanguard Value Index Fund
Mutual Fund - 32,928 shares
**
1,192,984

 
Vanguard 500 Index Fund
Mutual Fund - 54,911 shares
**
11,342,875

 
Total Equity Funds
 
 
193,269,828

 
 
 
 
 
 
Retirement-Year Based Funds
 
 
 
 
Vanguard Chester/Target Retirement 2060
Mutual Fund - 15,967 shares
**
463,669

 
Vanguard Target Retirement #308
Mutual Fund - 172,580 shares
**
2,210,754

 
Vanguard Target Retirement 2010
Mutual Fund - 25,115 shares
**
636,407

 
Vanguard Target Retirement 2015
Mutual Fund - 209,105 shares
**
3,034,113

 
Vanguard Target Retirement 2020
Mutual Fund - 293,251 shares
**
8,287,265

 
Vanguard Target Retirement 2025
Mutual Fund - 467,202 shares
**
7,638,757

 
Vanguard Target Retirement 2030
Mutual Fund - 280,647 shares
**
8,194,892

 
Vanguard Target Retirement 2035
Mutual Fund - 327,500 shares
**
5,809,858

 
Vanguard Target Retirement 2040
Mutual Fund - 111,310 shares
**
3,362,669

 
Vanguard Target Retirement 2045
Mutual Fund - 86,902 shares
**
1,641,579

 
Vanguard Target Retirement 2050
Mutual Fund - 87,586 shares
**
2,661,752

 
Vanguard Target Retirement 2055
Mutual Fund - 20,526 shares
**
675,501

 
Total Retirement-Year Based Funds
 
 
44,617,216

 
 
 
 
 
 
Balanced Funds
 
 
 
 
DFA Global All 60/40 Portfolio
Mutual Fund - 788,984 shares
**
8,668,874

 
 
 
 
 
 
Total Investments
 
 
445,516,386

 
 
 
 
 
 
Notes Receivable From Participants
 
 
 
*
Participant notes receivable (with interest rates ranging from 4.25% to 10.90% and maturity dates ranging from January 2017 to April 2027)
**
8,071,618

 
 
 
 
 
 
Total
 
 
$
453,588,004

 
 
 
 
 
*
Represents a party-in-interest
 
 
 
**
Indicates a participant-directed fund. The cost disclosure is not required.
 
 

10

APPLIED INDUSTRIAL TECHNOLOGIES, INC.
RETIREMENT SAVINGS PLAN

Employer ID Number: 34-0117420
Plan Number: 003

SCHEDULE H LINE 4(a) - SCHEDULE OF DELINQUENT PARTICIPANT CONTRIBUTIONS
FOR THE YEAR ENDED DECEMBER 31, 2016




Participant Contributions Transferred Late to the Plan
Total that Constitute Nonexempt Prohibited Transactions
Total Fully Corrected Under VFCP and PTE 2002-51
Check here if Late Participation Loan Repayments are Included:
Contributions Not Corrected
Contributions Corrected Outside VFCP
Contributions Pending Correction in VFCP
-
-
-
$9,400
-


11