TRW Inc.
($ millions)
Total assets3,744
Defined benefit2,315
401(k)1,429
Employer DB contributions55
Benefit payments399
Employer DC contributions42
Internally managed assets:
Defined benefit57
Hedging devices used:
Stock index futures
Short selling
Defined benefit asset mix:
Stocks59.6%
Fixed income32.9%
Cash equivalents5.1%
Real estate equity2.4%
Defined contribution asset mix:
Company stock48%
Other stock19%
Fixed income1%
GICs/BICs32%
CLEVELAND - As of Sept. 30, TRW Inc.'s total employee benefit assets increased 3.7% from a year earlier. Defined benefit assets decreased 0.4% during the same period; defined contribution assets increased 11.3%.
Equity managers: Domestic - Alliance; Bankers Trust; Baring; Boston Co.; Chancellor; Chicago Asset; Cowen; Maryland Regis; Fund; NFJ; Nicholas-Applegate; NISA; PanAgora; Parametric; Pilgrim, Baxter; Provident; Sanford Bernstein; Scudder; Wilshire.
International - Baring; PanAgora.
Fixed-income managers: Domestic - Bankers Trust; Hoisington; PIMCO.
International - J.P. Morgan, Morgan Grenfell.
Real estate manager: Heitman.
Other managers: Crown Trust; PRIMCO.
The master trustee and global custodian is Boston Safe; the investment consultant is Callan.
Key personnel overseeing the investment management of the fund at TRW Investment Management Co. are Robert M. Hamje, president and chief investment officer; Gary M. Stentz, director-investments; and Bruce L. Dirks, director-investments.
UAL Corp.
($ millions)
Total assets6,370
Defined benefit3,570
Total defined contribution2,800
|401(k)1,100
|Thrift/savings1,700
Internally managed assets:
Defined benefit2,710
Hedging devices used:
Bond options
Fixed-income futures
Defined benefit asset mix:
Stocks57%
Fixed income40%
Real estate equity3%
ELK GROVE, Ill. - As of Sept. 30, UAL Corp.'s total employee benefit assets increased 15.8% from a year earlier. Defined benefit assets increased 19% during the same period; defined contribution assets increased 12%.
Equity managers: Domestic - Cambiar; Fidelity; First Manhattan; Hotchkis & Wiley; Lincoln Capital; McCowan; Sit; Weiss, Peck & Greer; Russell Trust; Wells Fargo.
International - Baillie Gifford; Hill Samuel; Lazard Freres; Walter Scott.
Fixed-income managers: Sanford Bernstein; W.R. Huff; J.P. Morgan; PIMCO.
Real estate managers: LaSalle; PMRealty; RREEF.
The master trustee and global custodian is National Bank of Detroit; the investment consultant is Frank Russell Co.
David J. Dykstra, assistant treasurer, oversees investment management of the fund.
Union Carbide Corp.
($ millions)
Total assets3,514
Defined benefit2,631
Total defined contribution*883
|Thrift/savings812
|ESOP71
Employer DB contributions16
Benefit payments121
Employer DC contributions15
* as of June 30
Internally managed assets:
Defined benefit2,631
Hedging devices used:
Stock options
Defined benefit asset mix:
Stocks39.1%
Fixed income53.4%
Cash equivalents1.5%
Annuities0.9%
Real estate equity1.8%
Mortgages3.3%
DANBURY, Conn. - Union Carbide Corp.'s total employee benefit assets increased 14.6% from a year earlier. Defined benefit assets increased 15.3% during the same period; defined contribution assets increased 12.6%.
Equity managers: Domestic - Fidelity.
Fixed-income managers: Fidelity; PIMCO; and Jennison.
The master trustee and global custodian is Chemical Bank.
The key person overseeing the investment management of the fund is Michael F. Hoben, president, Benefit Capital Management Corp., a wholly owned subsidiary of Union Carbide.
Unisys Corp.
($ millions)
Total assets5,405
Defined benefit3,331
401(k)2,074
Employer DC contributions0
Hedging devices used:
Stock options
Bond options
Stock index futures
Fixed-income futures
Short selling
Defined benefit asset mix:
Stocks61%
Fixed income19%
GICs/BICs4%
Real estate equity11%
Other5%
Defined contribution asset mix:
Company stock11%
Other stock20%
Fixed income2%
GICs/BICs49%
Cash equivalents5%
Other13%
BLUE BELL, Pa. - As of Sept. 30, Unisys Corp.'s total employee benefit assets increased 8.8% from a year earlier. Defined benefit assets increased 8.3% during the same period; defined contribution assets increased 9.6%.
Equity managers: Domestic - Advanced Investment; Fred Alger; Amerindo; Baker Nye; BEA; Geewax Terker; Independence; Jacobs, Levy; Nicholas-Applegate; Primecap; Rogers, Casey; Twin Capital; UBS; Wells Fargo.
International - Acadian; Bankers Trust; Mercator; J.P. Morgan; Wellington.
Fixed-income managers: BlackRock; Harris Investment; Smith Breeden; Western Asset.
Real estate managers: Amli; CB Commercial; CIGNA; Copley; GE Investment; JMB; LaSalle; RCB.
Other managers: Brinson; County NatWest; Fidelity; John Hancock; Harris Trust; Met Life; Rogers, Casey; Travelers.
The master trustees are Harris Trust for the defined benefit plan and Mellon Bank for the defined contribution plan; the investment consultant is Rogers, Casey.
The key person overseeing the investment management of the fund is Charles A. Service, corporate director of capital management and trust investments.
General Board of Pensionsof the United Methodist
Church
($ millions)
Total assets5,468
Hedging devices used:
Stock options
Bond options
Stock index futures
Defined contribution asset mix:
Other stock62%
Fixed income26%
GICs/BICs1%
Cash equivalents9%
Real estate2%
EVANSTON, Ill. - As of Sept. 30, the General Board of Pensions of the United Methodist Church's total employee benefit assets increased 18.6% from a year earlier. The assets listed above are a combination of defined benefit and defined contribution plan assets, which the sponsor is unable to breakdown.
Equity managers: Domestic - ANB; Ariel; Batterymarch; Capital Guardian; Columbus Circle; Delaware Investment Advisors; Fidelity Institutional; Fisher Investments, Hotchkis & Wiley; INVESCO; NWQ; Provident; RCM; Sit Investment
International - Capital Guardian, Oechsle; Scudder, Stevens & Clark
Fixed-income managers: Domestic - CIGNA; Criterion; Lincoln National; STW.
Real estate managers: CIGNA; JMB Institutional
The master custodian and global custodian is Mellon Bank; the investment consultant is Hotchkis & Associates.
Key personnel overseeing the investment management of the fund are James Parker, general secretary, and Gale Whitson-Schmidt, treasurer and chief financial officer.
UMWA Health &
Retirement Funds
($ millions)
Total assets*5,700
Defined benefit5,646
Total defined contribution54
|Thrift/savings49
|Other5
Employer DB contributions50
Employer DC contributions14
* From Money Market Directory
WASHINGTON - As of June 30, the UMWA Health & Retrirement Funds' total employee benefit assets increased 0.2% from Sept. 30, 1992, according to the Money Market Directory.
Defined benefit assets increased 0.2% during the same period; defined contribution assets increased 3.8%.
Key personnel overseeing the investment management of the fund are Charles Stephens, director-investments; Robert Leslie and Enos T. Throop Jr., senior investment advisers.
United Nations Joint Staff
Pension Fund
($ millions)
Total assets12,237
Defined benefit12,237
Internally managed assets:
Defined benefit12,237
Defined benefit asset mix:
Stocks54%
Fixed income35%
Cash equivalents4%
Real estate equity7%
NEW YORK - As of Sept. 30, United Nations Joint Staff Pension total employee benefit assets totaled $12.237 billion. All are defined benefit, and are managed internally.
The global custodian is Fiduciary Trust Co. International.
Key personnel overseeing the investment management of the fund are Henry L. Ouma, chief, investment management service, and Mei Leng Cheng, investment officer.
United Parcel Service
($ millions)
Total assets3,669
Defined benefit1,874
Total defined contribution1,795
|401(k)592
|Thrift/savings1,203
Employer DB contributions127
Benefit payments30
Employer DC contributions30
Defined benefit asset mix:
Stocks66%
Fixed income18%
Cash equivalents7%
Other9%
Defined contribution asset mix:
Company stock6%
Other stock26%
Fixed income37%
GICs/BICs21%
Cash equivalents8%
Other2%
ATLANTA - As of Sept. 30, United Parcel Service's total employee benefit assets increased 31% from the $2.8 billion P&I estimated the company had a year earlier.
Defined benefit assets increased 33% during the same period; defined contribution assets increased 29%.
Equity managers: Domestic - Bankers Trust; Sanford C. Bernstein; Denver Investment; Essex; Greaves Capital; Montag & Caldwell; J.P. Morgan; Nicholas-Applegate;
Provident; State Street; and Wilshire.
International - Brinson Partners; J.P. Morgan; Morgan Stanley; Frank
Russell.
Fixed-income managers: Domestic - Bankers Trust; Sanford C.
Bernstein; Merganser Capital; J.P. Morgan; NationsBank; and Wells
Fargo Nikko.
The master trustees are Bankers Trust and State Street Bank; the global custodian is Bankers Trust.
Key personnel overseeing the investment management of the fund are
Robert F. Markmann, investments manager; Scott Davis, treasury manager; and Chris Cesare, investments supervisor.
