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Section 1: 11-K (11-K)

Document


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


FORM 11-K



ý    ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 
For the year ended December 31, 2017
 
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 1-32525
 


A.
Full title of the plan and the address of the plan, if different from that of the issuer named below:
AMERIPRISE FINANCIAL 401(k) PLAN

 
B.
Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:
AMERIPRISE FINANCIAL, INC.
55 Ameriprise Financial Center
Minneapolis, MN 55474















Ameriprise Financial 401(k) Plan
 Financial Statements and Supplemental Schedule
 
December 31, 2017 and 2016
with Report of Independent Registered Public Accounting Firm




Ameriprise Financial 401(k) Plan
Form 11-K


INDEX
 
Report of Independent Registered Public Accounting Firm
1

 
Financial Statements
 
 
Statements of Net Assets Available for Benefits as of December 31, 2017 and 2016
2

 
Statements of Changes in Net Assets Available for Benefits for the years ended December 31, 2017 and 2016
3

 
Notes to Financial Statements
4

 
Supplemental Schedule
 
 
Schedule H, Line 4i — Schedule of Assets (Held at End of Year)
11

 
Signature
19

 
Exhibit Index
20





Report of Independent Registered Public Accounting Firm

To the Administrator and Plan Participants of the Ameriprise Financial 401(k) Plan

Opinion on the Financial Statements

We have audited the accompanying statements of net assets available for benefits of the Ameriprise Financial 401(k) Plan (the “Plan”) as of December 31, 2017 and December 31, 2016 and the related statement of changes in net assets available for benefits for the years ended December 31, 2017 and December 31, 2016, including the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2017 and December 31, 2016, and the changes in net assets available for benefits for the years ended December 31, 2017 and December 31, 2016, in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on the Plan’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

Supplemental Information

The supplemental schedule of assets (held at end of year) as of December 31, 2017 has been subjected to audit procedures performed in conjunction with the audit of the Plan’s financial statements. The supplemental schedule is the responsibility of the Plan’s management. Our audit procedures included determining whether the supplemental schedule 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 schedule. In forming our opinion on the supplemental schedule, we evaluated whether the supplemental schedule, including its form and content, is presented in conformity with the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the supplemental schedule is fairly stated, in all material respects, in relation to the financial statements as a whole.


/s/ PricewaterhouseCoopers LLP
Minneapolis, Minnesota
June 27, 2018

We have served as the Plan’s auditor since 2012


1


Ameriprise Financial 401(k) Plan

Statements of Net Assets Available for Benefits

 
December 31,
2017
 
2016
Assets
 

 
 

Cash
$
878,240

 
$
608,242

Investments at fair value
1,860,261,472

 
1,528,521,694

Investments at contract value
146,645,672

 
140,890,090

Receivables:
 

 
 

Accrued income
39,428

 
33,267

Due from broker
3,704,338

 
1,668,032

Employer contributions
2,219,003

 
850,896

Participant loans
34,098,440

 
32,900,179

Total assets
2,047,846,593

 
1,705,472,400

 
 
 
 
Liabilities
 

 
 

Due to broker
2,486,749

 
3,715,913

Accrued expenses
217,103

 
240,337

Total liabilities
2,703,852

 
3,956,250

Net assets available for benefits at end of year
$
2,045,142,741

 
$
1,701,516,150

See Notes to Financial Statements.


2


Ameriprise Financial 401(k) Plan

Statements of Changes in Net Assets Available for Benefits

 
Years Ended December 31,
2017
 
2016
Contributions:
 
 
 

Employer, net of forfeitures
$
49,427,272

 
$
47,632,520

Participant
94,527,075

 
90,198,294

Participant rollovers
8,062,254

 
7,897,070

Total contributions
152,016,601

 
145,727,884

Investment income:
 
 
 
Interest
3,627,934

 
1,871,654

Dividends
10,142,599

 
9,673,194

Net realized/unrealized appreciation
333,684,592

 
112,039,570

Total investment income
347,455,125

 
123,584,418

Other income
191,202

 
170,504

Interest on participant loans
1,161,289

 
1,089,776

Total additions
500,824,217

 
270,572,582

Administrative expenses
(1,300,339
)
 
(1,175,187
)
Withdrawal payments
(155,897,287
)
 
(114,226,244
)
Total deductions
(157,197,626
)
 
(115,401,431
)
Net increase in net assets available for benefits
343,626,591

 
155,171,151

Net assets available for benefits at beginning of year
1,701,516,150

 
1,546,344,999

Net assets available for benefits at end of year
$
2,045,142,741

 
$
1,701,516,150

See Notes to Financial Statements.


3


Ameriprise Financial 401(k) Plan
Notes to Financial Statements
December 31, 2017

1.  Description of the Plan
General
The Ameriprise Financial 401(k) Plan (the “Plan”), which became effective October 1, 2005, is a defined contribution plan. Under the terms of the Plan, certain regular full-time and part-time employees of Ameriprise Financial, Inc. and its participating subsidiaries (the “Company”) can make contributions to the Plan and are eligible to receive Company contributions beginning with the pay period in which they complete 60 days of service.
The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). The following is not a comprehensive description of the Plan, and therefore, does not include all situations and limitations covered by the Plan. Participants should refer to the Plan document for more complete information.
Recordkeeping and Trustee of Plan Assets
From January 1, 2017 through October 2, 2017, Wells Fargo Bank, N.A. was the Plan’s recordkeeper and trustee, with the exception of the self-directed brokerage account for which Charles Schwab Trust Company was the recordkeeper and trustee. Effective October 3, 2017, Wells Fargo Bank, N.A. is the Plan’s trustee for all assets, and Alight Solutions is the Plan’s recordkeeper, including the self-directed brokerage account. The Plan is administered by the Ameriprise Financial Employee Benefits Administration Committee (“EBAC”). The Ameriprise Financial 401(k) Investment Committee (“KIC”) selects and monitors the investment options offered to participants under the Plan and oversees matters related to Plan investments (excluding the Ameriprise Financial Stock Fund and investments selected by participants under the self-directed brokerage account). Members of the EBAC and KIC are appointed by fiduciaries as specified in the Plan.
Contributions
Elective Contributions
Each pay period, eligible participants may make pretax and/or Roth 401(k) contributions (up to 80% of eligible compensation), and after-tax contributions (up to 10% of eligible compensation) or a combination of any of the three, not to exceed 80% of their eligible compensation to the Plan through payroll deductions. The Internal Revenue Code of 1986, as amended (the “Code”), imposes a limitation on participants’ pretax and Roth contributions to plans that are qualified under Code Section 401(k) and other specified tax favored plans. This limit was $18,000 for both 2017 and 2016 for employees under age 50. For employees age 50 and older the limit was $24,000 for both 2017 and 2016. The Plan complied with nondiscrimination requirements under the Code for both 2017 and 2016.
Fixed Match Contributions
The Company matches 100% of the first 5% of eligible compensation an employee contributes on a pretax and/or Roth 401(k) basis for each pay period. At the end of each year, the Company completes a fixed match true-up for qualifying participants to ensure the fixed match contribution provided by the Company is equal to the lesser of 5% of eligible compensation or the participants’ annual deferral rate average. Participants must be employed on the last business day of the Plan year or have terminated employment due to retirement (at or after age 65), disability (as defined in the Plan) or death to receive a true-up contribution.
Limit on Contributions
For purposes of the Plan, eligible compensation is a participant’s regular cash compensation up to $270,000 and $265,000 for 2017 and 2016, respectively, before tax deductions and certain other withholdings. Eligible compensation for all employees includes performance related cash bonuses, overtime, commissions and certain other amounts in addition to regular earnings.
Rollover Contributions
A rollover is a transfer to the Plan of a qualified distribution in accordance with the provisions of the Plan. Rollovers into the Plan are not eligible for Company match contributions.
Vesting
Participants are immediately vested in their pretax, Roth 401(k), after-tax, and rollover contributions and any income and appreciation on such contributions. Company contributions are vested on a five-year graded schedule of 20% per year of service with the Company or if the participant attains age 65 as an active employee, becomes disabled or deceased while employed. Company contributions not vested at the time of termination of employment are forfeited and can be used to pay plan expenses or future Company contributions. Forfeitures for the plan years ended December 31, 2017 and 2016 were $1,903,862 and $1,720,783, respectively.
Tax Status
As long as the Plan remains qualified and tax exempt, amounts invested in the Plan through participant and Company contributions and rollovers, as well as any income and appreciation on such amounts, are not subject to federal income tax until distributed to the participant. See Note 8 for additional information on the Plan’s tax status.

4


Ameriprise Financial 401(k) Plan
Notes to Financial Statements (continued)
December 31, 2017

Distributions and Withdrawals
If employment ends, participants are eligible to receive a distribution of their vested account balance. Participants (or their beneficiaries) may elect to receive their accounts as a single lump-sum distribution in cash, whole shares of common stock, mutual fund shares held under the self-directed brokerage account, or a combination of cash and shares. Partial payments may be available to participants who meet certain requirements set forth in the Plan document. Terminated participants can defer payments until age 70½.
Participants may be eligible to request an in-service withdrawal of all or a portion of their vested account balance subject to limitations under the terms of the Plan and certain tax penalties imposed by the Code. Participants may elect to receive their withdrawal in cash, whole shares of common stock, mutual fund shares held under the self-directed brokerage account, or a combination of cash and shares.
Loan Program
Participants may borrow from their fund accounts a minimum of $500 and up to a maximum of the lesser of $50,000 or 50% of their vested account balance. The administrative loan origination fee of $75 per loan is paid by the participant and is deducted from the proceeds of the loan. Loan terms range up to 59 months unless the loan is used towards the purchase of a primary residence in which case the loan terms can range up to 359 months. The loans are secured by the balance in the participant’s account and bear a fixed interest rate of the prime rate as reported in the Wall Street Journal on the first business day of the month before the date the loan is originated. Principal and interest payments are deducted automatically from the participant’s pay each period. If the participant’s employment with the Company ends for any reason, and their Plan loan is current, the Plan allows the participant to continue making loan repayments if the participant contacts the Plan’s Administrative Delegate to request a loan-repayment coupon book before their loan would otherwise default. If so requested, upon the participant’s termination, the participant’s loan will be re-amortized to a monthly repayment schedule.
If the participant’s employment with the Company ends for any reason, and their Plan loan is in default when their employment ends, they have the option to pay off the loan in full within 60 days. If the outstanding loan is not paid in full within 60 days from separation from service, the loan will automatically be foreclosed and the amount outstanding will be immediately deducted from the benefit payable to the plan participant from the Plan. The amount deducted will be treated as a distribution to that participant regardless of whether they elected to receive a distribution of their vested Plan account. Unless the outstanding loan amount was previously taxed as a “deemed distribution,” the participant will then be responsible for any income taxes on the amount of the outstanding loan balance and possibly a 10% additional penalty tax that applies to early distributions.
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 of ERISA. In the event of Plan termination, participants will become 100% vested in their accounts.
2.  Significant Accounting Policies and Future Adoption of New Accounting Standards
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 U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.
Plan Fees and Expenses
Administrative expenses, which may include recordkeeping, participant servicing, legal fees, trustee fees, loan origination fees, fees incurred within the self-directed brokerage account and investment consulting fees, among other expenses, are paid by Plan participants and recorded as incurred, unless paid by the Company. The Company currently pays a portion of the administrative expenses, including fees of the auditors, legal fees and certain investment managers.
Fees paid to investment managers are paid from the fees associated with the investment options offered by the Plan, unless paid by the Company. In addition, expenses related to the investment of the Plan funds, for example, brokerage commissions, stock transfer or other taxes and charges incurred for the purchase or sale of the funds’ investments, as opposed to administrative expenses, are generally paid by the Plan participants out of the applicable investment. Fees paid out of an investment reduce the return of that investment.
A flat fee of $21 per quarter is charged to participant accounts with a balance of $5,000 or more (including loan balances). It is deducted proportionately from the participant’s investment options on a quarterly basis. The fee is deposited in the dedicated expense account and may be used to pay eligible administrative expenses of the Plan. The only 12b-1 fees incurred are on certain self-directed brokerage funds.

5


Ameriprise Financial 401(k) Plan
Notes to Financial Statements (continued)
December 31, 2017

Other Income
Other income includes revenue sharing payments made to the Plan from a portion of the 12b-1 fees incurred from certain funds within the self-directed brokerage account. These payments are deposited in the dedicated expense account and may be used to pay eligible administrative expenses of the Plan. Other income is recorded when earned.
Valuation of Investments and Income Recognition
Investments are reported at fair value, with the exception of fully benefit-responsive investment contracts which are reported at contract value. See Note 4 and Note 5 for the Plan’s accounting policies related to the fully benefit-responsive investment contracts and the valuation of investments.
Purchases and sales of securities are reflected on a trade-date basis. The cost of securities sold is determined using the average cost method. Dividend income is recorded on the ex-dividend date. Interest income is recorded as earned. As required by the Plan, all dividend and interest income is reinvested into the same investment funds in which the dividends and interest arose. Net appreciation (depreciation) includes the Plan’s gains and losses on investments bought and sold as well as the change in fair value of assets.
Participant Loans
Participant loans are measured at their unpaid principal balance plus any accrued but unpaid interest, which is a reasonable estimate of fair value due to restrictions on the transfers of these loans. Interest income on participant loans is recorded when it is earned. 
Withdrawal Payments 
Withdrawal payments are recorded when paid. 
3.  Investments
Investment Elections
A participant may currently elect to invest contributions in any combination of investment funds in increments of 1% and change investment elections for future contributions or transfer existing account balances on any business day the New York Stock Exchange is open. Investment funds may impose redemption restrictions.
Investment Options
A summary of investment options at December 31, 2017 is set forth below.
Mutual Funds
Wells Fargo Advantage Small Company Growth R6 is managed by Peregrine Capital Management.
Collective Investment Funds
The Collective Investment Funds include various investment options as follows: Voya Target Solution Trust Funds, Victory Small Cap Value Collective Fund (75), Boston Partners Large Cap Value Equity CIT (Class D), Wellington Trust Large Cap Growth Portfolio Fund (Series 1), Columbia Trust Large Cap Index Fund A, Ivy Investments International Core Equity CIT Fund (Class 3), EB US Mid Cap Opportunistic Value Fund II, Columbia Trust Balanced Fund (Class I), Columbia Trust Contrarian Core Fund I 1 Class and Columbia Trust Total Return Fund.
The Columbia Trust funds are managed by Ameriprise Trust Company and sub-advised by Columbia Management Investment Advisers, LLC, wholly-owned subsidiaries of Ameriprise Financial, Inc.
Collective investment funds allow for daily redemptions but may require advance notice in certain circumstances. There were no unfunded commitments for the Collective Investment Funds at December 31, 2017 and 2016.
Separate Accounts
The Congress Mid Cap Growth Fund is a separate account managed by Congress Asset Management Company. The fund invests at least 80% of its net assets in equity securities of mid-capitalization companies. The remaining 20% of its net assets can be invested in equity securities of small-capitalization and large-capitalization companies.
Ameriprise Financial Stock Fund
The Ameriprise Financial Stock Fund is an Employee Stock Ownership Plan (“ESOP”) that invests primarily in the Company’s common stock, purchased in either the open market or directly from the Company, and in cash or short-term cash equivalents.
Self-Directed Brokerage Account
The Plan’s self-directed brokerage option gives participants the freedom to invest in thousands of mutual fund products (including Columbia Funds). It also provides the ability to invest in exchange-traded funds and closed-ended mutual funds. Ameriprise Financial, Inc. was formerly a wholly owned subsidiary of American Express Company (“American Express”). On September 30, 2005, Ameriprise Financial, Inc. spun-off from American Express. As a result, American Express common stock was an investment option

6


Ameriprise Financial 401(k) Plan
Notes to Financial Statements (continued)
December 31, 2017

as specified by the Plan. Employees had the option to transfer the value of the American Express common stock to another investment in the Plan or transfer it to the self-directed brokerage option. American Express common stock may be held in the self-directed brokerage account on a hold or sell basis only and, with the exception of reinvestment of dividends, new purchases are not allowed.
Income Fund
The Income Fund is a stable value separately managed account which invests primarily in various book value wrap contracts with varying maturities, sizes and yields, offered by insurance companies, banks or financial institutions, which are backed by fixed income securities issued by the U.S. government and its agencies. See Note 4 for a more comprehensive discussion of book value wrap contracts. Ameriprise Trust Company is the investment manager for the Income Fund. The Income Fund also invests in the Columbia Trust Government Money Market Fund (which invests primarily in short-term debt instruments issued by the U.S. government and its agencies), the Columbia Trust Stable Government Fund (which invests primarily in book value wrap contracts with varying maturities, sizes and yields, which are backed by a diversified pool of U.S. government and agency bonds and mortgage backed securities issued or guaranteed by the U.S. government), the Columbia Trust 2017 Declining Duration Bond Fund (which invests primarily in U.S. government and agency bonds and mortgage backed securities issued or guaranteed by the U.S. government) and the MetLife Insurance Stable Value Government Separate Account (which invests primarily in U.S. government and agency bonds and mortgage backed securities issued or guaranteed by the U.S. government). The investment objective of the Income Fund is to preserve principal and income, while maximizing current income. There is no assurance that the Income Fund will meet its objective.
4.  Book Value Wrap Contracts
Book value wrap contracts are fully benefit-responsive and comprised of both an investment and a contractual component. The investment component consists of units of collective investment funds with fixed income strategies and a pooled portfolio of actively managed fixed income securities, referred to as the Covered Assets, which may be owned by the Income Fund or in some cases the third party that underwrites the performance of the Covered Assets for the benefit of the Income Fund. The securities owned by the third party are held in a Separate Account and are not subject to the liabilities of the general account of the third party. The Covered Assets include U.S. government and agency bonds and mortgage backed securities issued or guaranteed by the U.S. government. The Income Fund enters into book value wrap contracts (the contractual component) with third parties, generally insurance companies, banks or financial institutions, to underwrite the performance of the Covered Assets from the risk of adverse interest rate movements. Under these contracts, the third party is obligated to provide sufficient funds to cover participant benefit withdrawals and certain types of investment transfers regardless of the market value of the Covered Assets. While the contracts are designed to protect the Income Fund against interest rate risk, the Income Fund is still exposed to risk if issuers of Covered Assets default on payment of interest or principal or upon the occurrence of certain events, described below, involving the Income Fund, its plan sponsor or its investment manager.
Fully benefit-responsive book value wrap contracts held by a separately managed account created for a defined contribution plan are reported at contract value. Contract value is the relevant measurement attribute for that portion of the net assets available for benefits of a defined contribution plan attributable to fully benefit-responsive book value wrap contracts because contract value is the amount participants would receive if they were to initiate permitted transactions under the terms of the Plan. Contract value represents the face amount of the contract plus accrued interest at the contract rate.
Certain events may limit the ability of the Income Fund to transact at contract value with the book value wrap contract issuers for participant benefit payments or investment transfers. Possible events include a transfer from the Income Fund in violation of the equity wash required by the book value wrap contracts. An equity wash restriction prohibits money from being moved directly from the Income Fund to the self-directed brokerage account, without first being invested in another investment fund for 90 days. After the 90 days, the assets may be transferred from the other investment fund to the self-directed brokerage account. Other possible events include participant-directed withdrawals that occur due to a plan sponsor-initiated event, such as the implementation of an early retirement program or facility closing, of which the book value wrap contract issuer has not been made aware, or a request by the trustee to terminate a contract at market value. While these events are not probable, it is possible that they could occur.
Certain events may allow the book value wrap contract issuer to terminate a book value wrap contract and settle at the market value of the Covered Assets, as opposed to contract value. These events may include the termination of the Plan or the Trust holding the Income Fund assets, the replacement of the trustee of the Income Fund without the consent of the book value wrap contract issuer, a change in the investment guidelines, administration or policies of the Income Fund that may cause a material adverse effect on the book value wrap contract issuer, a breach of the contract terms by a counterparty, a legal or regulatory event such as a ruling by a regulatory agency governing the Income Fund, its investment manager or the book value wrap contract issuer that may cause material adverse effect to a party under the book value wrap contract, or the failure of the Trust to be tax-exempt under the Internal Revenue Code.

7


Ameriprise Financial 401(k) Plan
Notes to Financial Statements (continued)
December 31, 2017

5.  Fair Value Measurements
U.S. GAAP defines fair value as 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; that is, an exit price. The exit price assumes the asset or liability is not exchanged subject to a forced liquidation or distressed sale.
Valuation Hierarchy
The Plan categorizes its fair value measurements according to a three-level hierarchy. The hierarchy prioritizes the inputs used by the Plan’s valuation techniques. A level is assigned to each fair value measurement based on the lowest level input that is significant to the fair value measurement in its entirety. The three levels of the fair value hierarchy are defined as follows:
Level 1
Unadjusted quoted prices for identical assets or liabilities in active markets that are accessible at the measurement date.
Level 2
Prices or valuations based on observable inputs other than quoted prices in active markets for identical assets and liabilities.
Level 3
Prices or valuations that require inputs that are both significant to the fair value measurement and unobservable.
The following tables present the balances of assets measured at fair value on a recurring basis.
 
December 31, 2017
Level 1
 
Level 2
 
Level 3
 
Total
Investments
 

 
 

 
 

 
 

Mutual funds
$
49,097,690

 
$

 
$

 
$
49,097,690

Collective investment funds measured at net asset value (“NAV”) (1)
 
 
 
 
 
 
1,141,498,680

Separate accounts measured at NAV (1)
 
 
 
 
 
 
83,527,750

Ameriprise Financial Stock Fund
240,471,484

 

 

 
240,471,484

Self-directed brokerage account
345,665,868

 

 

 
345,665,868

Total investments at fair value
$
635,235,042

 
$

 
$

 
$
1,860,261,472

 
December 31, 2016
Level 1
 
Level 2
 
Level 3
 
Total
Investments
 

 
 

 
 

 
 

Mutual funds
$
40,823,869

 
$

 
$

 
$
40,823,869

Collective investment funds measured at NAV (1)
 
 
 
 
 
 
936,544,259

Separate accounts measured at NAV (1)
 
 
 
 
 
 
71,817,962

Ameriprise Financial Stock Fund
173,572,590

 

 

 
173,572,590

PCRA
305,763,014

 

 

 
305,763,014

Total investments at fair value
$
520,159,473

 
$

 
$

 
$
1,528,521,694

(1) Amounts are comprised of investments measured at fair value using NAV (or its equivalent) as a practical expedient and have not been classified within the fair value hierarchy.
The Company recognizes transfers between levels of the fair value hierarchy as of the beginning of the plan year in which each transfer occurred. There were no transfers of assets between levels for the plan years ended December 31, 2017 and 2016.
Determination of Fair Value
The Plan uses valuation techniques consistent with the market and income approaches to measure the fair value of its assets. The Plan’s market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets. The Plan’s income approach uses valuation techniques to convert future projected cash flows to a single discounted present value amount.
When applying either approach, the Plan maximizes the use of observable inputs and minimizes the use of unobservable inputs.
The following is a description of the valuation techniques used to measure fair value and the general classification of these instruments pursuant to the fair value hierarchy.

8


Ameriprise Financial 401(k) Plan
Notes to Financial Statements (continued)
December 31, 2017

Investments
Mutual Funds
The fair value of mutual funds is determined by the NAV which represents the exit price. Mutual funds are classified as Level 1 as they are traded in active markets and quoted prices are available.
Collective Investment Funds
The fair value of collective investment funds is measured at NAV as a practical expedient and represents the exit price. Collective investment funds are traded in principal-to-principal markets with little publicly released pricing information.
Separate Accounts
The fair value of units in separate accounts is measured at NAV as a practical expedient and represents the exit price.
Ameriprise Financial Stock Fund
The fair value of the assets of the Ameriprise Financial Stock Fund is determined using quoted prices in active markets for Ameriprise Financial, Inc. common shares and is classified as Level 1. Actively traded money market funds are measured at their NAV and classified as Level 1.
Self-Directed Brokerage Account
Actively traded money market funds are measured at NAV and classified as Level 1. The fair value of common stock and exchange-traded funds are determined using quoted prices in active markets and are classified as Level 1. The fair value of mutual funds is determined by the NAV which represents the exit price. Mutual funds are classified as Level 1 as they are traded in active markets and quoted prices are available.
6.  Transaction with Parties-in-Interest
The Plan allows for transactions with certain parties who may perform services or have fiduciary responsibilities to the Plan. Parties-in-interest include the Company and the trustee of the Plan assets (Wells Fargo Bank, N.A.). Transactions involving funds managed by the Company and trustee of Plan assets are considered party-in-interest transactions. These transactions, based on customary and reasonable rates, are not, however, considered prohibited transactions under Section 408(b) of ERISA and the regulations promulgated thereunder.
The Columbia Funds are managed by Columbia Management Investment Advisers, LLC. The Columbia Trust Collective Funds are maintained by Ameriprise Trust Company and distributed by Columbia Management Investment Distributors, Inc., member FINRA. Ameriprise Trust Company, a Minnesota-chartered trust company, serves as trustee and offers investment management and related services to these collective funds. These companies are wholly-owned subsidiaries of Ameriprise Financial, Inc.
The total fair value of Ameriprise Financial, Inc.’s common stock held by plan participants was $237,482,415 and $171,972,310 at December 31, 2017 and 2016, respectively. The total fair value of the investment options, excluding the self-directed brokerage account, managed by subsidiaries of Ameriprise Financial, Inc. was $449,555,267 and $391,799,126 at December 31, 2017 and 2016, respectively. As investment manager, these subsidiaries earn annual management fees ranging from 0.11% to 0.41% of the amounts invested in the Collective Investment Funds. Fees incurred for investment management services for the Income Fund, excluding fees associated with wrap contracts which are paid by the Plan, are paid directly by the Company. Fees paid by the Plan for investment management services are included as a reduction of the return earned on each collective investment fund. Participant loans also qualify as party-in interest transactions and are secured by the vested balances in participant accounts.
See Note 2 for more information on Plan fees and expenses.
7.  Risks and Uncertainties
The Plan invests in various investment securities, which are exposed to various risks such as interest rate, market and credit risks. Due to the level of risk associated with certain investments, it is at least reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect participants’ account balances and the amounts reported in the Statements of Net Assets Available for Benefits. 
8.  Income Tax Status
The Plan received a favorable determination letter from the Internal Revenue Service dated September 7, 2017 indicating that the Plan is qualified under the Code and the Trust established under the Plan is tax-exempt and the Plan satisfies the requirement of Code Section 4975(e)(7). The Plan has been amended after the period covered by the determination letter. Once qualified, the Plan is required to operate in conformity with the Code to maintain its qualification. The Company believes the Plan, as amended, is currently designed and operated in compliance with the applicable requirements of the Code, and therefore the Plan and the Trust are intended to be qualified and tax-exempt, and the Plan is intended to satisfy the requirements of Code Section 4975(e)(7). Effective January 1, 2017, the IRS will no longer issue determination letters to qualified plans on a five-year cycle to evidence compliance with IRS rules.

9


Ameriprise Financial 401(k) Plan
Notes to Financial Statements (continued)
December 31, 2017

There are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the Plan’s financial statements. The Plan is subject to routine audits by tax jurisdictions; however, there are currently no audits for any tax periods in progress. The Plan believes it is no longer subject to income tax examinations for years prior to 2013.
9.  Reconciliation of Financial Statements to Form 5500
The following is a reconciliation of amounts reported in the financial statements to amounts reported on Form 5500.
 
December 31,
2017
 
2016
Net assets available for benefits per the financial statements
$
2,045,142,741

 
$
1,701,516,150

Deemed distributions of participant loans
(379,566
)
 
(339,984
)
Difference between contract value and fair value of fully benefit-responsive investment contracts
(1,503,575
)
 
(424,052
)
Net assets available for benefits per Form 5500
$
2,043,259,600

 
$
1,700,752,114

 
December 31,
2017
 
2016
Net increase (decrease) in net assets available for benefits per the financial statements
$
343,626,591

 
$
155,171,151

Change in deemed distributions of participant loans
(39,582
)
 
(48,093
)
Change in difference between contract value and fair value of fully benefit-responsive investment contracts
(1,079,523
)
 
(864,973
)
Net income (loss) per Form 5500
$
342,507,486

 
$
154,258,085

10.  Subsequent Events
The Company evaluated events or transactions that occurred after the statement of net assets available for benefits date for potential recognition or disclosure through the date the financial statements were issued. The annual fixed match true-up contribution for the 2017 plan year, which is recorded as a receivable at December 31, 2017, was posted to participant accounts on January 26, 2018.

10


Ameriprise Financial 401(k) Plan
SUPPLEMENTAL SCHEDULE


11


Ameriprise Financial 401(k) Plan
Schedule H, Line 4i — Schedule of Assets (Held at End of Year)
December 31, 2017
(a)
(b)  Identity of Issue, Borrower, Lessor, or Similar Party
(c) Shares/Units or Face Amount
 
(d) Cost**
 
(e) Current Value

 
Mutual Funds —
 

 
 
 
 

 
WFA Small Company Growth R6
921,503

 
 
 
$
49,097,690

 
Total Mutual Funds
 

 
 
 
49,097,690

 
 
 
 
 
 
 
 
Collective Investment Funds —
 
 
 
 
 

*
Columbia Trust Balanced Fund (Class I)
4,282,298

 
 
 
63,506,476

*
Columbia Trust Contrarian Core Fund
12,205,278

 
 
 
167,212,313

*
Columbia Trust Gov Money Market Fund
6,580,509

 
 
 
6,580,509

*
Columbia Total Return Bond Fund
6,142,889

 
 
 
63,517,469

*
Columbia Trust Large Cap Index Fund A
1,413,519

 
 
 
134,171,225

 
EB US Mid Cap Opportunistic Value Fund II
3,414,272

 
 
 
45,034,252

 
Boston Partners Large Cap Value Equity CIT D
3,456,535

 
 
 
73,451,361

 
Victory Small Cap Value Collective Fund (75)
3,642,822

 
 
 
62,881,306

 
Voya Target Solution Trust Income (Class 4)
1,255,173

 
 
 
17,646,505

 
Voya Target Solution Trust 2020 (Class 4)
1,911,634

 
 
 
30,140,442

 
Voya Target Solution Trust 2025 (Class 4)
3,139,042

 
 
 
52,402,262

 
Voya Target Solution Trust 2030 (Class 4)
3,109,804

 
 
 
54,630,989

 
Voya Target Solution Trust 2035 (Class 4)
3,095,503

 
 
 
56,328,582

 
Voya Target Solution Trust 2040 (Class 4)
2,553,465

 
 
 
48,082,216

 
Voya Target Solution Trust 2045 (Class 4)
2,020,359

 
 
 
38,705,203

 
Voya Target Solution Trust 2050 (Class 4)
1,124,204

 
 
 
21,579,965

 
Voya Target Solution Trust 2055 (Class 4)
607,708

 
 
 
11,669,879

 
Voya Target Solution Trust 2060 (Class 4)
287,070

 
 
 
3,915,567

 
Ivy Investments International Core Equity CIT Fund (Class 3)
7,170,325

 
 
 
116,661,193

 
Wellington Trust Large Cap Growth Portfolio Fund (Series 1)
5,970,787

 
 
 
73,380,966

 
Total Collective Investment Funds
 

 
 
 
1,141,498,680

 
 
 
 
 
 
 
 
Separate Accounts —
 

 
 
 
 

 
Congress Mid Cap Growth Fund
6,156,781

 
 
 
83,527,750

 
Total Separate Accounts
 

 
 
 
83,527,750

 
 
 
 
 
 
 
 
Ameriprise Financial Stock Fund —
 

 
 
 
 

*
Wells Fargo/BlackRock Short-Term Investment Fund
2,989,069

 
 
 
2,989,069

*
Ameriprise Financial, Inc. Common Shares
1,401,016

 
 
 
237,482,415

 
Total Ameriprise Financial Stock Fund
 
 
 
 
240,471,484

 
 
 
 
 
 
 
***
Self-Directed Brokerage Account
 

 
 
 
345,665,868


*
Indicates Party-in-interest                                       
**
Cost information not required for participant-directed investments
***
The Self-Directed Brokerage Account includes Party-in-interest investment options     12


Ameriprise Financial 401(k) Plan
Schedule H, Line 4i — Schedule of Assets (Held at End of Year) (continued)
December 31, 2017
(a)
(b)  Identity of Issue, Borrower, Lessor, or Similar Party
(c) Shares/Units or Face Amount
 
(d) Cost**
 
(e) Current Value
Fully benefit-responsive investment contracts

 
MetLife Insurance Stable Value Government Separate Account
159,196

 
 
 
16,649,085

*
Columbia Trust 2017 Declining Duration Bond Fund
1,283,586

 
 
 
13,387,802

*
Columbia Trust Gov Money Market Fund
1,179,473

 
 
 
1,179,473

 
U.S. Government and agency securities:
 
 
 
 
 
 
FEDERAL HOME LOAN BANKS 1.875% 11/29/2021
1,125,000

 
 
 
1,113,191

 
FFCB 1.552% 09/25/2020
2,800,000

 
 
 
2,801,456

 
FHLB 1.375% 11/15/2019
4,800,000

 
 
 
4,749,984

 
FHLMC 2.375% 01/13/2022
3,300,000

 
 
 
3,326,473

 
FHLMC 3.750% 03/27/2019
1,635,000

 
 
 
1,672,737

 
FHLMC REFERENCE BOND 1.500% 01/17/2020
7,555,000

 
 
 
7,474,811

 
FHLMC REFERENCE NOTES 1.375% 05/01/2020
2,450,000

 
 
 
2,416,141

 
FNMA BENCHMARK NOTE 2.000% 01/05/2022
2,750,000

 
 
 
2,732,034

 
U.S. TREAS NTS 0.875% 09/15/2019
4,775,000

 
 
 
4,695,343

 
U.S. TREAS NTS 1.625% 11/15/2022
3,850,000

 
 
 
3,751,825

 
U.S. TREAS NTS 2.625% 11/15/2020
13,525,000

 
 
 
13,769,165

 
U.S. TREAS NTS 2.750% 11/15/2023
775,000

 
 
 
796,068

 
U.S. TIPS 0.125% 04/15/2018
4,400,000

 
 
 
4,625,971

 
FGOLD 15YR 3.500% 08/01/2025
130,390

 
 
 
134,764

 
FGOLD 15YR 3.000% 01/01/2027
210,153

 
 
 
214,100

 
FGOLD 15YR 3.000% 01/01/2032
270,882

 
 
 
275,970

 
FGOLD 15YR 3.000% 01/01/2032
303,014

 
 
 
308,705

 
FGOLD 15YR 3.000% 02/01/2027
72,906

 
 
 
74,275

 
FGOLD 15YR 3.000% 04/01/2032
953,056

 
 
 
971,317

 
FGOLD 15YR 3.000% 08/01/2021
4,184

 
 
 
4,262

 
FGOLD 15YR 3.000% 09/01/2026
154,085

 
 
 
156,979

 
FGOLD 15YR 3.000% 10/01/2026
7,201

 
 
 
7,337

 
FGOLD 15YR 3.000% 10/01/2026
18,858

 
 
 
19,212

 
FGOLD 15YR 3.000% 11/01/2025
5,499

 
 
 
5,603

 
FGOLD 15YR 3.000% 11/01/2026
104,593

 
 
 
106,557

 
FGOLD 15YR 3.000% 12/01/2026
333,435

 
 
 
339,698

 
FGOLD 15YR 3.500% 01/01/2021
4,847

 
 
 
5,009

 
FGOLD 15YR 3.500% 06/01/2026
149,257

 
 
 
154,283

 
FGOLD 15YR 3.500% 07/01/2026
79,797

 
 
 
82,487

 
FGOLD 15YR 3.500% 07/01/2026
293,469

 
 
 
303,359

 
FGOLD 15YR 3.500% 08/01/2026
120,315

 
 
 
124,362

 
FGOLD 15YR 3.500% 09/01/2026
6,442

 
 
 
6,659

 
FGOLD 15YR 3.500% 10/01/2025
146,226

 
 
 
151,136

 
FGOLD 15YR 3.500% 11/01/2025
144,654

 
 
 
149,511

 
FGOLD 15YR 3.500% 12/01/2025
353,219

 
 
 
365,084

 
FGOLD 15YR 3.500% 12/01/2025
11,710

 
 
 
12,103


*
Indicates Party-in-interest                                       
**
Cost information not required for participant-directed investments
***
The Self-Directed Brokerage Account includes Party-in-interest investment options     13


Ameriprise Financial 401(k) Plan
Schedule H, Line 4i — Schedule of Assets (Held at End of Year) (continued)
December 31, 2017
(a)
(b)  Identity of Issue, Borrower, Lessor, or Similar Party
(c) Shares/Units or Face Amount
 
(d) Cost**
 
(e) Current Value
Fully benefit-responsive investment contracts (continued)

 
FGOLD 15YR 5.000% 06/01/2018
329

 
 
 
336

 
FGOLD 15YR 5.500% 02/01/2019
4,280

 
 
 
4,318

 
FGOLD 15YR 5.500% 10/01/2018
355

 
 
 
356

 
FGOLD 15YR GIANT 3.000% 01/01/2032
914,347

 
 
 
931,522

 
FGOLD 15YR GIANT 3.000% 02/01/2031
698,170

 
 
 
711,284

 
FGOLD 15YR GIANT 3.000% 03/01/2031
430,653

 
 
 
438,742

 
FGOLD 15YR GIANT 3.000% 03/01/2032
1,671,078

 
 
 
1,702,995

 
FGOLD 15YR GIANT 3.000% 05/01/2031
2,913,849

 
 
 
2,968,581

 
FGOLD 15YR GIANT 3.000% 07/01/2030
536,120

 
 
 
546,190

 
FGOLD 15YR GIANT 3.000% 09/01/2027
37,527

 
 
 
38,232

 
FGOLD 15YR GIANT 3.000% 09/01/2031
694,478

 
 
 
708,242

 
FGOLD 15YR GIANT 3.000% 10/01/2030
253,645

 
 
 
258,409

 
FGOLD 15YR GIANT 3.000% 11/01/2026
354,049

 
 
 
360,700

 
FGOLD 15YR GIANT 3.000% 12/01/2026
140,292

 
 
 
142,927

 
FGOLD 15YR GIANT 3.000% 12/01/2030
913,451

 
 
 
930,609

 
FGOLD 15YR GIANT 3.500% 01/01/2027
239,300

 
 
 
247,344

 
FGOLD 15YR GIANT 3.500% 01/01/2030
307,852

 
 
 
318,803

 
FGOLD 15YR GIANT 3.500% 04/01/2030
131,072

 
 
 
135,696

 
FGOLD 15YR GIANT 3.500% 06/01/2029
76,284

 
 
 
78,994

 
FGOLD 15YR GIANT 3.500% 07/01/2029
266,041

 
 
 
275,501

 
FGOLD 15YR GIANT 3.500% 08/01/2032
1,097,591

 
 
 
1,136,538

 
FGOLD 15YR GIANT 3.500% 11/01/2025
53,409

 
 
 
55,202

 
FGOLD 15YR GIANT 3.500% 11/01/2029
448,173

 
 
 
464,113

 
FGOLD 15YR GIANT 3.500% 12/01/2025
4,771

 
 
 
4,932

 
FGOLD 15YR GIANT 3.500% 12/01/2029
532,216

 
 
 
551,146

 
FGOLD 15YR GIANT 4.000% 05/01/2025
113,882

 
 
 
118,291

 
FGOLD 15YR GIANT 4.000% 06/01/2026
301,951

 
 
 
313,625

 
FGOLD 15YR GIANT 4.000% 07/01/2026
139,991

 
 
 
146,173

 
FGOLD 15YR GIANT 4.000% 12/01/2026
64,215

 
 
 
66,631

 
FHLMC 5/1 HYBRID ARM 3.304% 12/01/2036
31,986

 
 
 
33,443

 
FHLMC_T-13 6.085% 09/25/2029
103

 
 
 
102

 
FGOLD 15YR GIANT 3.000% 09/01/2030
470,452

 
 
 
479,289

 
FGOLD 15YR GIANT 3.500% 03/01/2030
61,439

 
 
 
63,620

 
FNMA 15YR 3.500% 01/01/2026
61,133

 
 
 
63,117

 
FNMA 15YR 3.500% 01/01/2026
7,618

 
 
 
7,865

 
FNMA 15YR 3.500% 01/01/2026
81,117

 
 
 
83,751

 
FNMA 15YR 3.500% 02/01/2026
148,631

 
 
 
153,464

 
FNMA 15YR 3.500% 03/01/2026
477,381

 
 
 
492,879

 
FNMA 15YR 3.500% 09/01/2026
192,524

 
 
 
198,774

 
FNMA 15YR 3.500% 10/01/2025
158,130

 
 
 
163,264


*
Indicates Party-in-interest                                       
**
Cost information not required for participant-directed investments
***
The Self-Directed Brokerage Account includes Party-in-interest investment options     14


Ameriprise Financial 401(k) Plan
Schedule H, Line 4i — Schedule of Assets (Held at End of Year) (continued)
December 31, 2017
(a)
(b)  Identity of Issue, Borrower, Lessor, or Similar Party
(c) Shares/Units or Face Amount
 
(d) Cost**
 
(e) Current Value
Fully benefit-responsive investment contracts (continued)

 
FNMA 15YR 3.500% 10/01/2025
378,697

 
 
 
390,991

 
FNMA 15YR 3.500% 10/01/2025
282,421

 
 
 
291,589

 
FNMA 15YR 3.500% 10/01/2025
346,801

 
 
 
358,060

 
FNMA 15YR 3.500% 11/01/2025
94,486

 
 
 
97,553

 
FNMA 15YR 3.500% 12/01/2025
33,616

 
 
 
34,707

 
FNMA 15YR 4.000% 05/01/2025
80,094

 
 
 
83,424

 
FNMA 15YR 4.000% 06/01/2025
146,330

 
 
 
152,285

 
FNMA 15YR 4.000% 08/01/2018
12,145

 
 
 
12,499

 
FNMA 15YR 4.000% 09/01/2024
78,419

 
 
 
81,425

 
FNMA 15YR 4.500% 02/01/2025
141,570

 
 
 
149,243

 
FNMA 15YR 4.500% 03/01/2023
4,515

 
 
 
4,757

 
FNMA 15YR 4.500% 05/01/2024
4,335

 
 
 
4,572

 
FNMA 15YR 4.500% 10/01/2024
78,425

 
 
 
82,674

 
FNMA 15YR 5.000% 01/01/2019
6,720

 
 
 
6,841

 
FNMA 15YR 5.000% 02/01/2024
60,524

 
 
 
63,866

 
FNMA 15YR 5.000% 05/01/2023
53,464

 
 
 
54,427

 
FNMA 15YR 5.000% 05/01/2023
44,381

 
 
 
46,801

 
FNMA 15YR 5.000% 06/01/2023
32,765

 
 
 
33,441

 
FNMA 15YR 5.000% 08/01/2020
50,810

 
 
 
52,230

 
FNMA 15YR 5.000% 11/01/2018
1,902

 
 
 
1,936

 
FNMA 15YR 5.000% 11/01/2023
24,564

 
 
 
25,922

 
FNMA 15YR 5.000% 12/01/2018
9,602

 
 
 
9,775

 
FNMA 15YR 5.500% 02/01/2018
163

 
 
 
164

 
FNMA 15YR 5.500% 03/01/2018
41

 
 
 
41

 
FNMA 15YR 5.500% 07/01/2018
1,179

 
 
 
1,179

 
FNMA 30YR 6.000% 11/01/2028
17,366

 
 
 
19,313

 
FNMA 30YR 6.500% 04/01/2032
26,809

 
 
 
29,716

 
FNMA 30YR 6.500% 04/01/2032
9,359

 
 
 
10,374

 
FNMA 30YR 7.000% 07/01/2028
5,318

 
 
 
5,350

 
FNMA 10/1 HYBRID ARM 2.940% 05/01/2035
26,847

 
 
 
27,762

 
FNMA 10/1 HYBRID ARM 3.090% 12/01/2035
9,452

 
 
 
9,455

 
FNMA 10/1 HYBRID ARM 3.198% 10/01/2034
4,552

 
 
 
4,789

 
FNMA 10/1 HYBRID ARM 3.559% 12/01/2033
1,520

 
 
 
1,588

 
FNMA 15YR 2.500% 09/01/2031
256,779

 
 
 
256,505

 
FNMA 15YR 3.000% 01/01/2030
164,822

 
 
 
168,231

 
FNMA 15YR 3.000% 01/01/2031
319,276

 
 
 
325,372

 
FNMA 15YR 3.000% 01/01/2032
736,531

 
 
 
750,595

 
FNMA 15YR 3.000% 02/01/2029
749,096

 
 
 
764,574

 
FNMA 15YR 3.000% 02/01/2030
517,025

 
 
 
527,727

 
FNMA 15YR 3.000% 02/01/2031
827,181

 
 
 
842,976


*
Indicates Party-in-interest                                       
**
Cost information not required for participant-directed investments
***
The Self-Directed Brokerage Account includes Party-in-interest investment options     15


Ameriprise Financial 401(k) Plan
Schedule H, Line 4i — Schedule of Assets (Held at End of Year) (continued)
December 31, 2017
(a)
(b)  Identity of Issue, Borrower, Lessor, or Similar Party
(c) Shares/Units or Face Amount
 
(d) Cost**
 
(e) Current Value
Fully benefit-responsive investment contracts (continued)

 
FNMA 15YR 3.000% 02/01/2031
767,367

 
 
 
782,020

 
FNMA 15YR 3.000% 03/01/2031
1,172,036

 
 
 
1,194,416

 
FNMA 15YR 3.000% 03/01/2031
1,358,911

 
 
 
1,385,449

 
FNMA 15YR 3.000% 03/01/2031
143,566

 
 
 
146,307

 
FNMA 15YR 3.000% 04/01/2031
273,500

 
 
 
278,723

 
FNMA 15YR 3.000% 04/01/2032
417,386

 
 
 
425,554

 
FNMA 15YR 3.000% 05/01/2031
798,800

 
 
 
814,053

 
FNMA 15YR 3.000% 6/01/2030
803,526

 
 
 
820,060

 
FNMA 15YR 3.000% 6/01/2032
257,059

 
 
 
262,095

 
FNMA 15YR 3.000% 7/01/2030
107,296

 
 
 
109,523

 
FNMA 15YR 3.000% 7/01/2032
618,541

 
 
 
630,352

 
FNMA 15YR 3.000% 7/01/2032
408,583

 
 
 
416,570

 
FNMA 15YR 3.000% 09/01/2029
204,569

 
 
 
208,793

 
FNMA 15YR 3.000% 09/01/2031
1,136,943

 
 
 
1,158,653

 
FNMA 15YR 3.000% 09/01/2032
2,201,507

 
 
 
2,244,735

 
FNMA 15YR 3.000% 10/01/2030
572,645

 
 
 
584,513

 
FNMA 15YR 3.000% 10/01/2030
526,359

 
 
 
537,271

 
FNMA 15YR 3.000% 10/01/2030
1,198,394

 
 
 
1,223,246

 
FNMA 15YR 3.000% 10/01/2030
542,164

 
 
 
553,384

 
FNMA 15YR 3.000% 10/01/2031
197,761

 
 
 
201,537

 
FNMA 15YR 3.000% 11/01/2030
383,183

 
 
 
391,118

 
FNMA 15YR 3.000% 11/01/2031
1,582,936

 
 
 
1,613,162

 
FNMA 15YR 3.000% 11/01/2031
717,676

 
 
 
731,380

 
FNMA 15YR 3.500% 01/01/2026
8,761

 
 
 
9,045

 
FNMA 15YR 3.500% 01/01/2026
138,017

 
 
 
142,498

 
FNMA 15YR 3.500% 01/01/2027
153,490

 
 
 
158,472

 
FNMA 15YR 3.500% 01/01/2030
496,378

 
 
 
512,616

 
FNMA 15YR 3.500% 02/01/2026
78,730

 
 
 
81,286

 
FNMA 15YR 3.500% 02/01/2026
277,989

 
 
 
287,014

 
FNMA 15YR 3.500% 02/01/2029
340,078

 
 
 
351,275

 
FNMA 15YR 3.500% 02/01/2030
427,753

 
 
 
441,858

 
FNMA 15YR 3.500% 02/01/2031
424,149

 
 
 
438,170

 
FNMA 15YR 3.500% 02/01/2032
396,023

 
 
 
409,476

 
FNMA 15YR 3.500% 03/01/2032
240,239

 
 
 
248,420

 
FNMA 15YR 3.500% 04/01/2026
121,489

 
 
 
125,433

 
FNMA 15YR 3.500% 04/01/2030
110,653

 
 
 
114,307

 
FNMA 15YR 3.500% 04/01/2030
145,881

 
 
 
150,709

 
FNMA 15YR 3.500% 06/01/2026
6,446

 
 
 
6,655

 
FNMA 15YR 3.500% 06/01/2027
121,219

 
 
 
125,154

 
FNMA 15YR 3.500% 06/01/2029
105,697

 
 
 
109,170


*
Indicates Party-in-interest                                       
**
Cost information not required for participant-directed investments
***
The Self-Directed Brokerage Account includes Party-in-interest investment options     16


Ameriprise Financial 401(k) Plan
Schedule H, Line 4i — Schedule of Assets (Held at End of Year) (continued)
December 31, 2017
(a)
(b)  Identity of Issue, Borrower, Lessor, or Similar Party
(c) Shares/Units or Face Amount
 
(d) Cost**
 
(e) Current Value
Fully benefit-responsive investment contracts (continued)

 
FNMA 15YR 3.500% 06/01/2030
238,907

 
 
 
247,313

 
FNMA 15YR 3.500% 07/01/2029
300,550

 
 
 
310,405

 
FNMA 15YR 3.500% 08/01/2026
7,405

 
 
 
7,645

 
FNMA 15YR 3.500% 08/01/2026
68,473

 
 
 
70,695

 
FNMA 15YR 3.500% 08/01/2027
61,463

 
 
 
63,568

 
FNMA 15YR 3.500% 08/01/2029
443,918

 
 
 
458,563

 
FNMA 15YR 3.500% 08/01/2029
572,003

 
 
 
590,884

 
FNMA 15YR 3.500% 09/01/2028
37,542

 
 
 
38,761

 
FNMA 15YR 3.500% 09/01/2029
634,650

 
 
 
655,621

 
FNMA 15YR 3.500% 09/01/2029
384,059

 
 
 
396,566

 
FNMA 15YR 3.500% 10/01/2026
726,245

 
 
 
749,822

 
FNMA 15YR 3.500% 10/01/2026
135,689

 
 
 
140,094

 
FNMA 15YR 3.500% 10/01/2026
190,413

 
 
 
196,594

 
FNMA 15YR 3.500% 10/01/2026
182,966

 
 
 
189,238

 
FNMA 15YR 3.500% 10/01/2028
142,502

 
 
 
147,206

 
FNMA 15YR 3.500% 10/01/2029
192,687

 
 
 
199,281

 
FNMA 15YR 3.500% 11/01/2025
217,636

 
 
 
224,702

 
FNMA 15YR 3.500% 11/01/2026
382,331

 
 
 
394,743

 
FNMA 15YR 3.500% 11/01/2028
256,949

 
 
 
265,435

 
FNMA 15YR 3.500% 12/01/2028
160,459

 
 
 
165,725

 
FNMA 15YR 4.000% 01/01/2029
77,050

 
 
 
79,752

 
FNMA 15YR 4.000% 01/01/2029
77,050

 
 
 
79,752

 
FNMA 15YR 4.000% 01/01/2029
77,050

 
 
 
79,752

 
FNMA 15YR 4.000% 01/01/2029
77,050

 
 
 
79,752

 
FNMA 15YR 4.000% 11/01/2026
97,085

 
 
 
101,577

 
FNMA 15YR 4.500% 05/01/2024
39,118

 
 
 
41,262

 
FNMA 6M LIBOR ARM 2.889% 03/01/2034
32,731

 
 
 
31,998

 
FNMA 6M LIBOR ARM 2.915% 11/01/2032
6,308

 
 
 
6,452

 
FNMA 6M LIBOR ARM 3.005% 12/01/2032
25,749

 
 
 
27,103

 
FNMA 6M LIBOR ARM 3.047% 09/01/2035
64,606

 
 
 
67,929

 
FNMA 6M LIBOR ARM 3.206% 09/01/2036
4,028

 
 
 
4,179

 
FNMA 7/1 HYBRID ARM 3.375% 03/01/2036
10,295

 
 
 
10,462

 
FNMA 7/1 HYBRID ARM 3.403% 01/01/2034
14,050

 
 
 
14,512

 
FNMA MEGA 15YR REMIC-BACKED 3.500% 11/01/2025
307,260

 
 
 
317,234

 
FNMA_03-W11 4.525% 06/25/2033
326

 
 
 
341

 
FNMA_04-60 5.500% 04/25/2034
8,563

 
 
 
8,654

 
FHLMC_K007 4.224% 03/25/2020
370,000

 
 
 
383,195

 
FHLMC_K714 3.034% 10/25/2020
240,000

 
 
 
244,005

 
FNMA_11-16 3.500% 03/25/2026
4,313

 
 
 
4,321

 
FNMA_11-55 3.000% 07/25/2025
107,135

 
 
 
107,848


*
Indicates Party-in-interest                                       
**
Cost information not required for participant-directed investments
***
The Self-Directed Brokerage Account includes Party-in-interest investment options     17


Ameriprise Financial 401(k) Plan
Schedule H, Line 4i — Schedule of Assets (Held at End of Year) (continued)
December 31, 2017
(a)
(b)  Identity of Issue, Borrower, Lessor, or Similar Party
(c) Shares/Units or Face Amount
 
(d) Cost**
 
(e) Current Value
Fully benefit-responsive investment contracts (continued)

 
FNMA_12-31 1.750% 10/25/2022
299,440

 
 
 
297,390

 
GNMA_12-142 1.105% 05/16/2037
241,017

 
 
 
235,806

 
GNMA_12-55 1.750% 08/16/2033
22,456

 
 
 
22,421

 
GNMA_12-86 1.558% 04/16/2040
18,870

 
 
 
18,815

 
GNMA_13-12 1.410% 10/16/2042
228,061

 
 
 
222,497

 
GNMA_13-126 1.540% 04/16/2038
189,722

 
 
 
185,991

 
GNMA_13-140 1.650% 02/16/2038
632,951

 
 
 
613,020

 
GNMA_13-146 2.000% 08/16/2040
257,221

 
 
 
255,404

 
GNMA_13-17 1.558% 10/16/2043
203,141

 
 
 
197,356

 
GNMA_13-2 1.600% 12/16/2042
195,365

 
 
 
192,928

 
GNMA_13-30 1.500% 05/16/2042
345,854

 
 
 
336,540

 
GNMA_13-32 1.900% 01/16/2042
354,901

 
 
 
349,764

 
GNMA_13-33 1.061% 07/16/2038
342,550

 
 
 
332,619

 
GNMA_13-35 1.618% 02/16/2040
308,503

 
 
 
298,858

 
GNMA_13-40 1.511% 10/16/2041
184,530

 
 
 
181,153

 
GNMA_13-45 1.450% 10/16/2040
167,141

 
 
 
164,261

 
GNMA_13-50 2.100% 06/16/2039
170,101

 
 
 
168,488

 
GNMA_13-52 1.150% 06/16/2038
297,892

 
 
 
288,688

 
GNMA_13-73 1.350% 01/16/2039
245,884

 
 
 
239,897

 
GNMA_13-78 1.624% 07/16/2039
118,057

 
 
 
116,549

 
GNMA_13-179 1.800% 07/16/2037
164,129

 
 
 
162,213

 
GNMA_13-194 2.250% 05/16/2038
132,970

 
 
 
132,485

 
GNMA_14-103 1.742% 06/16/2053
335,742

 
 
 
335,895

 
GNMA_14-47 2.250% 08/16/2040
24,654

 
 
 
24,626

 
GNMA_15-109 2.528% 02/16/2040
462,500

 
 
 
459,697

 
GNMA_15-21 2.600% 11/16/2042
195,203

 
 
 
195,521

 
GNMA_15-33 2.650% 02/16/2045
346,031

 
 
 
345,785

 
GNMA_15-5 2.500% 11/16/2039
323,505

 
 
 
320,289

 
GNMA_15-78 2.918% 06/16/2040
525,009

 
 
 
524,668

 
Total fully benefit-responsive investment contracts
 
 
 
 
145,142,097

 
 
 
 
 
 
 
*
Loans to Participants
 

 
 
 
 
 
Various Loans, 3.25% — 9.25% due through 2047
 

 
 
 
34,098,440

 
Less: Deemed distributions
 

 
 
 
(379,566
)
 
Net participant loans
 

 
 
 
33,718,874

 
 
 

 
 
 
 

 
Assets Held at End of Year per Form 5500
 

 
 
 
$
2,039,122,443



*
Indicates Party-in-interest                                       
**
Cost information not required for participant-directed investments
***
The Self-Directed Brokerage Account includes Party-in-interest investment options     18


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Employee Benefits Administration Committee has duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
 
 
AMERIPRISE FINANCIAL, INC.
 
 
 
(Registrant)
 
 
 
 
 
 
 
 
Date:
June 27, 2018
By
/s/ Michelle Rudlong
 
 
 
Michelle Rudlong
 
 
 
Delegate
 
 
 
Employee Benefits Administration Committee
 
 
 
 


19


EXHIBIT INDEX

Exhibit        Description

23.1Consent of PricewaterhouseCoopers LLP, Independent Registered Public Accounting Firm.


20
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Section 2: EX-23 (EXHIBIT 23)

Exhibit


Exhibit 23.1

Consent of Independent Registered Public Accounting Firm
We hereby consent to the incorporation by reference in the Registration Statement on Form S‑8 (No. 333-128790 and No. 333-156074) of Ameriprise Financial, Inc. of our report dated June 27, 2018 relating to the financial statements and supplemental schedules of the Ameriprise Financial 401(k) Plan, which appears in this Form 11-K.


/s/ PricewaterhouseCoopers LLP
Minneapolis, Minnesota
June 27, 2018



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