P&I 1,000: The Largest Retirement Plans
| Ford Motor Co. | |
| Assets are in millions of dollars. | |
| Total assets* | $48,789 |
| Defined benefit | $39,530 |
| Defined contribution | $9,259 |
| *P&I estimate | |
| As of Sept. 30, Pensions & Investments estimates the employee benefit assets of Dearborn. Mich.-based Ford Motor Co. totaled $48.8 billion. The estimate is based on the $45.8 billion the company reported for its defined benefit plan as of Dec. 31, 2007, in its annual 10-K filing and the $10.9 billion reported for its defined contribution plans as of Dec. 31, 2007, in its annual 11-K filing. | |
| During the past year, the fund said contributions to its automotive-sector global pension plans totaled $600 million in the first six months of 2008. | |
| In March, Ford hired Lehman Brothers to manage at least $3 billion in alternatives, with hedge funds, private equity and real estate each reportedly getting $1 billion. Randall B. Whitestone, Lehman Brothers' vice president of corporate communications, confirmed that Ford had entered into "a strategic relationship with Lehman Brothers to grow the alternative asset allocation of its pension plan over time." | |
| Don LeClair, Ford senior vice president and CFO, announced asset allocation changes in November 2007 that would cut public equity investments to 30% of total assets from 50%, and could increase alternatives to as much as 25% from 5%. Fixed income would remain at 45%. Mr. LeClair said during the company's third-quarter 2007 financial results briefing that the new targets will likely be initiated over the next five years. | |
Back to Search
To purchase a hard copy or electronic reprints, please contact Laura Picariello at (732) 723-0569 or email lpicariello@crain.com.
Advertisement
More from P&I
Webcasts
Corporate Pensions: To the recovery room or ICU?
Monday, June 21, 2010
The health of the largest U.S. corporate defined benefit plans improved dramatically in 2009, following the disaster of 2008. A robust stock market, low interest rates and big contributions combined to boost funded ratios. But that doesn't mean all is well again.
Join us as we discuss how corporate plans are faring and what they may do in the second half of the year to ride out the continuing storm.
Advertisement
The Next Phase for Alternatives: Are institutional investors viewing alternatives differently since the market crisis?
Join Janine Baldridge, Global Head of Consulting and Advisory Services, Russell Investments and Bill Lee, Chief Investment Officer and Vice President, Pensions and Foundation Investments, Kaiser Permanente, for a lively discussion around the changes institutional investors have made and are planning to make in their portfolios with respect to alternative investments.
|
|
|
More from P&I
Searches & Hires
- New Mexico goes with MetWest Capital, Dimensional for small-cap value
- Phoenix looking at small-cap international search
- Oregon cuts growth assets, looks to join ‘club’ in real estate
Advertisement
More from P&I
Research
- Why fund managers should consider an internal accounting solution
- Concentrated yet diversified: An approach to global equity investing
- Volatility - The Good, the Bad and the Ugly
- The Manhattan Paradox: Observations on strategic asset allocation decision making
- Pensions need derivatives in their tool kits
Advertisement
More from P&I
