BellSouth Corp.
($ millions)
Total assets18,798
Defined benefit14,124
401(k)4,674
Defined benefit asset mix:
Stocks65.4%
Fixed income24.4%
Cash equivalents1.1%
Real estate equity6.2%
Private equity2.9%
Defined contribution asset mix:
Company stock53.1%
Other stock15.2%
Fixed income3.1%
GICs/BICs27.2%
Cash equivalents0.1%
Loans1.3%
ATLANTA - As of Sept. 30, BellSouth Corp.'s total employee benefit assets increased 19% from a year earlier. Defined benefit assets increased
17% during the same period; defined contribution assets increased 26%.
Defined benefit managers:
31 Fund; AEW; Alliance; Andrew M. Carter; Ark Asset; AT&T Investment
Management; Batterymarch: Agrivest; Brinson; Canal Land; Causeway; CGW;
Chancellor; DFA; Equity Institutional; First Quadrant; FX Concepts;
Highland Capital; HSBC; INVESCO; Investment Research; Investors Research;
Jennison; J.P. Morgan; KKR; National Asset; NationsBank; PIMCO; Progress
Trust; RCB Trust; Schroder; SG Interests; Southeast Bank
Fund; State Street Global; State Street Research; SunBanks; TCW;
Wachovia Bank; United Capital; Warburg Pincus; Wells Fargo; Zell/Chilmark; Zell/Merrill Lynch.
Defined contribution managers:
Domestic equities: Bankers Trust; DFA; Twentieth Century; Berger Associates.
International equities: DFA.
Domestic fixed-income: United Capital.
Other managers: PRIMCO; First Quadrant.
The master trustees are State Street Bank and Bankers Trust.
Key personnel overseeing the investment management of the defined benefit plan are Kincaid Patterson, managing director-trust asset management; James R. Meynard, director-trust investments; and Nancy S. Gadberry, director-trust finance and compliance. Key personnel overseeing the defined contribution plan are Susan K. Cooper, senior human resources executive; Helen Hagkew, director-benefits; and Mr. Patterson.
Bethlehem Steel Corp.
($ millions)
Total assets3,700
Defined benefit3,700
Employer DB contributions300
Benefit payments480
Internally managed assets2,795
Defined benefit asset mix:
Stocks48%
Fixed income48%
Cash equivalents4%
BETHLEHEM, Pa. - As of Sept. 30, Bethlehem Steel Corp.'s total employee benefit assets increased 12% from a year earlier. All assets are defined benefit.
Employer contributions to the defined benefit plan decreased 32%, while benefits paid did not change.
Defined benefit managers:
Domestic equities: Bankers Trust.
International equities: J.P. Morgan and Putnam.
International fixed-income: J.P. Morgan.
The master custodian is Bankers Trust.
The key person overseeing the investment management of the fund is J.G. Mead, manager-pension fund.
Boeing Co.
($ millions)
Total assets*28,530
Defined benefit19,094
Total defined contribution9,436
*P&I estimate
SEATTLE - P&I estimates Boeing Co.'s employee benefit assets totaled $28.53 billion as of June 30. The estimate is based off the $26.116 billion figure reported as of June 30, 1994, in Money Market Directory.
Gary B. Bland, vice president-trust investments, oversees investment management of the fund.
Board of Trustees
Boilermaker-Blacksmith
National Pension Trust
($ millions)
Total assets3,753
Defined benefit3,753
Employer DB contributions81
Benefit payments166
Defined benefit asset mix:
Stocks48%
Fixed income38%
Cash equivalents3%
Real estate equity6%
Cogeneration5%
KANSAS CITY, Kan. - As of Sept. 30, the Board of Trustees Boilermaker-Blacksmith National Pension Trust's total employee benefit assets were $3.7 billion. All assets are defined benefit.
Defined benefit managers:
Domestic equities: Atalanta/Sosnoff; Carl Domino Associates; Lazard Freres; Neuberger & Berman; Shields/Alliance; Duff & Phelps; Husic; Fiduciary Management; Nicholas-Applegate.
Domestic fixed-income: Scudder; Financial Counselors; Loomis Sayle; Duff & Phelps; McMorgan; Ark Asset; Columbia Management; Atalanta/Sosnoff.
Real estate: Koll; J.P. Morgan; Copley; John J. Smith & Associates; Prudential; The New England; Equitable.
Balanced income: McMorgan; TCW.
The master custodian is Brotherhood Bank & Trust.
Key personnel overseeing the investment management of the fund are Keith Reed, executive administrator; David E. Hanson, financial director.
Bristol-Myers Squibb Co.
($ millions)
Total assets3,694
Defined benefit1,921
Defined contribution1,773
NEW YORK - As of Sept. 30, Bristol-Myers Squibb Co.'s total employee benefit assets increased 26% from a year earlier. Defined benefit assets increased 27% during the same period; defined contribution assets increased 24%.
Defined benefit managers:
Domestic equities: Columbus Circle; Frontier; Montgomery; Scudder; Capital Growth; Skyline; Arnhold & S. Bleichroeder; Target.
International equities: BEA; Capital Guardian; Draycott; Putnam.
Domestic fixed-income: Western; Rosenberg.
Other managers: Abbott; Saratoga; Warburg Pincus.
The master trustees are Northern Trust for the defined benefit plan and Fidelity Institutional for defined contribution.
The key person overseeing the investment management of the funds is Robert B. Chapman Jr., director, pension and savings investment management.
California Public Employees'
Retirement System
($ millions)
Total assets92,620
Defined benefit92,620
Employer DB contributions1,579
Benefit payments3,688
Internally managed assets60,236
Hedging devices used:
Stock index futures
Swaps
Defined benefit asset mix:
Stocks54.1%
Fixed income36.7%
Cash equivalents1.6%
Real estate equity6%
Other1.6%
SACRAMENTO, Calif. - As of Sept. 30, the California Public Employees' Retirement System's total employee benefit assets increased 18% from a year earlier. All assets are defined benefit.
Employer contributions to the defined benefit plan increased 3.9%; benefits paid increased 12%.
Defined benefit managers:
Domestic equities: Dimensional Fund; Oppenheimer Capital; RCM Capital; State Street; Amerindo; Brown Capital; CIC Asset; Oak Associates; Spare, Kaplan, Bischel; Systematic Financial; Tiffany Capital; Valenzuela Capital; ValueQuest.
International equities: Morgan Grenfell; Nomura Capital; Oechsle; Paribas Asset; Schroder Capital; State Street; Clemente Capital; Newport Pacific; ValueQuest.
International fixed-income: Baring; Fiduciary Trust; Julius Baer; Warburg Investment.
Real estate: W.P. Carey; Equitable Real Estate; LaSalle Advisors; RREEF; Prudential; TCW; AMB Institutional; Acacia Realty; IBEX Institutional; MacFarlane Realty; Metric Institutional; Sentinel Real Estate.
Global tactical asset allocation: Brinson Partners; TCW Asset.
Currency overlay: BEA Associates; Pareto Partners.
Private equity: Pacific Corporate Advisors.
The master custodian and global custodian is State Street Bank.
Key personnel overseeing the investment management of the fund are James Burton, chief executive officer, and Sheryl Pressler, chief investment officer.
