Defined contribution1,591
Defined benefit asset mix:
Stocks58%
Fixed income39%
Real estate equity2%
Other1%
Defined contribution asset mix:
Company stock40%
Other stock21%
Fixed income10%
GICs/BICs12%
Cash equivalents13%
Other4%
SAN FRANCISCO - As of Sept. 30, Bank of America N.T. & S.A.'s total employee benefit assets decreased 1% from a year earlier. Defined benefit assets decreased 3.6% during the same period; defined contribution assets increased 2.4%.
Employer contributions to the defined benefit plan decreased 10%.
Defined benefit managers:
Domestic equities: Alliance Capital; Delphi; Mellon; Montgomery; PIMCO; Spare, Kaplan; Wellington.
International equities: State Street; WorldInvest.
Domestic fixed-income: Standish Ayer & Wood; Western Asset.
International fixed-income: WorldInvest.
Real estate managers: AMB; CB Commercial; Equitable; TCW.
Other: KKR; Mohr Ventures; Oak Investment; Weiss Peck & Greer.
The defined benefit plan master trustee and global custodian is Bank of America N.T. & S.A.; the investment consultant is Frank Russell.
Kwasha Lipton provides administrative and record-keeping services for the defined contribution plan.
Key personnel overseeing the investment management of the fund are Elsie M. Fletcher, vice president pension asset and Richard Laiderman, vice president.
Bechtel Power Corp.
($ millions)
Total assets2,384
401(k)2,384
Employer DC contributions64
Internally managed assets:
Defined contribution500
Defined contribution asset mix:
U.S. stocks28%
Fixed income22%
Cash equivalents9%
Real estate1%
Foreign stocks40%
SAN FRANCISCO - As of Sept. 30, Bechtel Power Corp.'s total employee benefit assets increased 1% from a year earlier. All of Bechtel's retirement assets are in a 401(k) plan.
More than $1.9 billion of the plan's assets are in a global multi-asset DC option. The option has its asset allocation managed by Fremont Investment Advisors Inc., San Francisco, and its assets managed by selected managers listed below.
Defined contribution managers:
Domestic equities: Alliance; BEA; Morgan Grenfell; Sit Investments; Wellington.
International equities: Acadian; Kleinwort Benson; J.P. Morgan; Wells Fargo Nikko.
Domestic fixed-income: Bridgewater; J.P. Morgan; PIMCO.
Real estate: RREEF; Prudential; Corporate Property Investors.
The master trustee, master custodian and global custodian is Bankers Trust.
William M. Mercer provides administrative and record-keeping services for the defined contribution plan.
Key personnel overseeing the investment management of the fund are David L. Redo, president of Fremont Investment Advisors; Vincent P. Kuhn Jr., executive vice president; and Peter F. Landini, senior vice president.
Bell Atlantic Corp.
($ millions)
Total assets*16,598
Defined benefit12,700
Total defined contribution3,898
*401(k)3,712
*ESOP186
Employer DB contributions120
Benefit payments652
Employer DC contributions9
*P&I estimate
Hedging devices used:
Stock options
Bond options
Stock index futures
Fixed-income futures
Defined benefit asset mix:
Stocks52%
Fixed income24%
Cash equivalents2%
Real estate equity9%
Venture capital3%
Other10%
Defined contribution asset mix:
Company stock67.8%
Other stock7%
Fixed income1.1%
GICs/BICs19.8%
Cash equivalents2.5%
Other1.8%
PHILADELPHIA - As of Sept. 30, Bell Atlantic Corp.'s total employee benefit assets decreased less than 1%, according to a P&I estimate. The estimate is based on the $16.664 billion the company reported as of Dec. 31, 1993.
Defined benefit managers:
Domestic equities: Alliance; David L. Babson; Equinox; Mellon; PIMCO; Provident; Wellington; Wells Fargo.
International equities: Capital Guardian; J.P. Morgan; Northern Cross; State Street Global; Wells Fargo.
Domestic fixed-income: Miller, Anderson; PIMCO; Standish Ayer & Wood; Wells Fargo.
Real estate managers: AMB; Copley; Corporate Property; JMB; LaSalle; O'Connor; and Yarmouth.
Global balanced managers: Cursitor-Eaton; Grantham, Mayo & Van Otterloo; and Mellon.
Venture capital manager: Abbott Capital.
Defined contribution managers:
Domestic equities: Mellon Capital.
International equities: State Street Global.
Domestic fixed-income: Wells Fargo.
The master trustee and global custodian for the defined benefit plan is Mellon Bank; the master trustee and global custodian for the defined contribution plan is Bankers Trust; the investment consultant is Frank Russell.
Bankers Trust Co. provides administrative and record-keeping services for the defined contribution plan.
Key personnel overseeing the investment management of the fund are Thomas J. Cowhey, assistant treasurer, and J. Paul Dokas, director-trust investment management.
BellSouth Corp.
($ millions)
Total assets15,800
Defined benefit12,100
Total defined contribution3,700
ATLANTA - As of Sept. 30, BellSouth's total employee benefit assets decreased 9% from a year earlier.
