Defined benefit1,600
Total defined contribution860
Thrift/savings760
Other100
Employer DB contributions0
Benefit payments39
Defined benefit asset mix:
Stocks65%
Fixed income33%
Real estate equity2%
Defined contribution asset mix:
GICs/BICs67%
Other33%
NORTH PALM BEACH, Fla. - As of Sept. 30, Florida Power and Light Group's total employee benefit assets decreased 9% from a year earlier. Defined benefit assets decreased 7% during the same period; defined contribution assets decreased 12%.
Defined benefit managers:
Domestic equities: General American Advisors; Fayez Sarofim; Donald Smith.
International equities: Hill Samuel; Oechsle International; State Street.
Domestic fixed-income: Western Asset; Wells Fargo.
Real estate managers: AMB; JMB; RREEF.
Defined contribution managers:
International fixed-income: Fidelity.
Real estate: Fidelity.
Other managers: Fidelity.
The master trustee is Mellon Bank; the investment consultant is RogersCasey.
Fidelity provides administrative and record-keeping services for the defined contribution plan.
Key personnel overseeing the investment management of the fund are Lisa B. Peacock, director trust fund investments; and William P. Hendrickson, investment adviser.
Florida State Board
of Administration
($ millions)
Total assets37,806
Defined benefit37,806
Employer DB contributions2,778
Benefit payments1,145
Internally managed assets:
Defined benefit18,780
