Goodyear Tire & Rubber Co.
($ millions)
Total assets 3,359
Defined benefit2,106
401(k)1,253
Employer DB contributions236
Benefit payments105
Hedging devices used:
Stock index futures
Defined benefit asset mix:
Stocks.69%
Fixed income28%
Cash equivalents2%
Real estate equity1%
Defined contribution asset mix:
Company stock28%
Other stock17%
GICs/BICs51%
Other5%
AKRON, Ohio - As of Sept. 30, The Goodyear Tire & Rubber Co.'s total employee benefit assets increased 30% from a year earlier. Defined benefit assets increased 34% during the same period; defined contribution assets increased 24%.
Employer contributions to the defined benefit plan increased 154%, and benefits paid increased 8%.
Defined benefit managers:
Domestic equities: AIM; Bank of America Illinois; Nicholas-Applegate;
State Street Research.
International equities: Ballie Gifford; Clay Finlay; Metropolitan-GFM;
Domestic bonds: Loomis Sayles; Desai Capital.
Real estate: Prudential.
Defined contribution managers:
Domestic equities: Bankers Trust.
GICs/BICs: PRIMCO.
Balanced: Bankers Trust.
The master trustee is Wingfoot Corp.; the master custodian and global custodian is the Northern Trust Co. The key person overseeing the investment management of the fund is
Duane H. Smith, director, benefit financing.
GTE Corp.
($ millions)
Total assets16,697
Defined benefit12,638
401(k)4,059
Employer DB contributions0
Benefit payments787
Total DC contributions192
Internally managed assets:
Defined benefit3,000
Hedging devices used:
Stock options
Bond options
Stock index futures
Fixed-income futures
Defined benefit asset mix:
Stocks67%
Fixed income22%
Cash equivalents1%
Real estate equity3%
Other7%
Defined contribution asset mix:
Company stock36%
Other stock32%
Fixed income7%
GICs/BICs22%
Cash equivalents3%
STAMFORD, Conn.- As of Sept. 30, GTE Corp.'s total employee benefit assets increased 17% from a year earlier. Defined benefit assets increased 15% during the same period; defined contribution assets increased 26%.
Defined benefit plan benefits paid decreased 39%.
Defined contribution managers:
Domestic equities: Fidelity Investments.
International equities: Fidelity Investments.
Domestic fixed-income: Fidelity Investments.
The master trustee, master custodian and global custodian is Bankers Trust Co.
Key personnel overseeing the investment management of the fund are John B. Carroll, president, GTE Investment Management Corp.; T. Britton Harris, vice president; and Stephen V. Weideman, vice president.
Overseeing the defined contribution plan are Mr. Carroll, Mr. Harris and Robin Diamonte, senior research manager.
Halliburton Co.
($ millions)
Total assets3,025
Defined benefit22
Profit-sharing/thrift-savings3,003
Employer DB contributions3
Benefit payments4
Total DC contributions383
Internally managed assets:
Defined contribution138
Hedging devices used:
Stock options
Bond options
Fixed-income futures
Defined benefit asset mix:
Stocks61%
Fixed income32%
Cash equivalents6%
Real estate equity0.5%
Mortgages0.5%
Defined contribution asset mix:
Company stock3%
Other stock35%
Fixed income28%
GICs/BICs29%
Cash equivalents5%
DALLAS - As of Sept. 30, Halliburton Co.'s total employee benefit assets increased 6% from a year earlier. Defined benefit assets decreased 55% during the same period; defined contribution assets increased 7%.
Defined benefit managers:
Domestic equities: Ark; Emerging Growth Management; Fayez Sarofim; GAMCO; Husic; Liberty; Loomis, Sayles; State Street Research.
International equities: Brinson; Northern Cross; Schroder Capital; Templeton.
Domestic fixed-income: Ark; PIMCO; Sovran.
International fixed-income: Putnam.
Defined contribution managers:
Domestic equities: Ark; Emerging Growth; Fayez Sarofim; GAMCO; Husic; Liberty; Loomis, Sayles; State Street Research.
International equities: Brinson; Northern Cross; Schroder; Templeton.
Domestic fixed-income: Ark; BEA; Loomis, Sayles; Neuberger & Berman; PIMCO; Putnam; Sovran; State Street Global; TCW.
International fixed-income: Putnam.
The master trustee, master custodian and global custodian is State Street.
Key personnel overseeing the investment management of the benefit funds are Nathaniel H. Duffield, director-trust investments, and Sharon C. Parkes, manager-trust investments.
State of Hawaii Employees'
Retirement System
($ millions)
Total assets6,187
Defined benefit6,187
Employer DB contributions172
Benefit payments406
Defined benefit asset mix:
Stocks55.3%
Fixed income32.2%
Real estate equity8.9%
Mortgages3.6%
HONOLULU - As of Sept. 30, the State of Hawaii Employees' Retirement System's total employee benefit assets increased 11% from a year earlier. All assets are defined benefit.
Employer contributions decreased 30%; benefits paid increased 50%.
Defined benefit managers:
Domestic equities: Alliance; McCowan; C.M. Bidwell; Hawaiian Trust; Hanson; INVESCO; Cadinha; Barrow, Hanley; Independence; Oppenheimer; Denver; TCW.
International equities: Bank of Ireland; Gartmore; Schroder; UBS; Daiwa; Nikko; Nomura.
Domestic fixed-income: Brinson; HCM; PIMCO; Bradford & Marzec; Pacific Income; Scudder, Stevens.
International fixed-income: Oechsle; Deutsche; Global Advisors; PIMCO.
The domestic custodian is Bank of New York; the global custodian is State Street Bank.
Key personnel overseeing the investment management of the fund are Stanley Siu, administrator, and David Shimabukuro, assistant administrator.
