E.I. DuPont de Nemours
and Co. Inc.
($ millions)
Total assets 27,566
Defined benefit 15,514
401(k)* 12,052
Employer DB contributions 25
Benefit payments 1,034
Total DC contributions* 422
*as of Aug. 31, 1996
Internally managed assets:
Defined benefit 15,157
Defined contribution 422
The fund uses:
Bond options
Stock index futures
Fixed-income futures
Managed futures
Defined benefit asset mix:
Stocks 60%
Fixed income 33%
Real estate equity 4%
Other 3%
Defined contribution asset mix:
Company stock 15%
GICs/BICs 68%
Other 17%
WILMINGTON, Del. - As of Sept. 30, E.I. DuPont de Nemours and Co. Inc.'s total employee benefit assets increased 6.8% from a year earlier. Defined benefit assets increased 5.9% during the same period; defined contribution assets increased 7.9% between Sept. 30, 1995, and Aug. 31, 1996.
Employer contributions to the defined benefit plan increased 25%; benefits paid decreased 10.6%.
Defined contribution managers:
Domestic equities: Merrill Lynch; Fidelity.
International equities: Merrill Lynch.
GICs: Wellington; Jennison; Bernstein; Loomis Sayles; PIMCO; Barclays; Brundage, Story & Rose; Aeltus; Prudential; Travelers; State Street; MetLife; John Hancock; New York Life; Allstate; Mass Mutual.
Balanced: Merrill Lynch.
The master trustee and custodian is Wilmington Trust Co. The global custodian is Bankers Trust.
Key personnel overseeing the investment management of the fund are Edward Bassett, vice president; George Saxon, director-global equities; and Thomas Croft, director-global fixed income. Overseeing the defined contribution plan are Paul Bosse, director-asset allocation; Mike Wyatt, portfolio manager-savings plans; and Karen Chong-Wulff, portfolio manager-fixed-income fund.
Eastman Kodak Co.
($ millions)
Total assets* 12,524
Defined benefit 8,054
Total defined contribution 4,470
*P&I estimate
ROCHESTER, N.Y. - As of Sept. 30, P&I estimates the employee benefit assets of Eastman Kodak Co. totaled $12.524 billion. The estimate is based on the $11.6 billion the company reported as of Dec. 31, 1995.
Key personnel overseeing the investment management of the fund are Russell L. Olson, director, pension investments; and Robert D. Spooner and Kathleen M. Mandel, pension investments managers. Overseeing the defined contribution plan are H.L. Kavetas, chief financial officer; J.J. Greene Jr., vice president and treasurer; and M.P. Morley, senior vice president, human relations.
The Church Pension Fund
(Episcopal)
($ millions)
Total assets 3,040
Defined benefit 3,010
401(k)/457 30
Employer DB contributions 48
Benefit payments 100
Total DC contributions 1
The fund uses:
Stock options
Stock index futures
Fixed-income futures
Short selling
Defined benefit asset mix:
Stocks 43%
Fixed income 40%
Cash equivalents 2%
Real estate equity 9%
Other 6%
Defined contribution asset mix:
Stock 63%
Fixed income 32%
Cash equivalents 5%
NEW YORK - As of Sept. 30, The Church Pension Fund (Episcopal)'s total employee benefit assets increased 12% from a year earlier. Defined benefit assets increased 12% during the same period; defined contribution assets increased 43%.
Defined benefit managers:
Domestic equities: Chesapeake Partners; Dawson Samberg; Hintz, Holman & Hecksher; J.P. Morgan; Oak Value; and Whippoorwill.
International equities: J.P. Morgan.
Domestic fixed-income: Alliance; and J.P. Morgan.
Real estate: Avanti; CMD; Lyme Timber; M&H; Security Capital; and Shorenstein.
Other managers: Accel; Bain; Battery Ventures; Benchmark; Boston Ventures; Capital Resource; Crosspoint Venture; Frontenac; Hummer Winblad Venture; J.P. Morgan; Joseph, Littlejohn & Levy; Matrix; Oak Investment; Paul Capital; Quadrennial; SCF; Sprout; Summit; TA; Venture Investment; and Weston Presidio.
Defined contribution managers:
Domestic equities: J.P. Morgan.
International equities: J.P. Morgan.
Domestic fixed-income: J. P. Morgan.
International fixed-income: J.P. Morgan.
The master trustee, master custodian and global custodian is Morgan Guaranty.
Overseeing both plans are Alan F. Blanchard, president; Right Rev. Frank S. Cerveny, executive vice president and manager; and Helen Fox-O'Brien, vice president-investments.
Evangelical LutheranChurch
in America Board of
Pensions
($ millions)
Total assets 3,418
Total defined contribution 3,418
Total DC contributions 149
Internally managed assets:
Defined contribution 1,334
Defined contribution asset mix:
Stock 50.0%
Fixed income 39.3%
Cash equivalents 2.9%
Real assets 3.3%
Venture capital 1.5%
High yield 2.5%
TAA 0.5%
MINNEAPOLIS - As of Sept. 30, the Evangelical Lutheran Church in America Board of Pensions' total employee benefit assets increased 9.7% from a year earlier. All assets are defined contribution.
Defined contribution managers:
Domestic equities: Alliance Capital; J.P. Morgan; Rosenberg; and Barclays Global.
International equities: Acadian; Schroder Capital; and UBS International.
Domestic fixed-income: BlackRock and PIMCO.
International fixed-income: J.P. Morgan.
Real estate: Cohen & Steers.
TAA: J.P. Morgan and QuantiLogic.
Energy: Wellington.
High yield: Pacholder.
Short-term cash: Mellon Bond.
The master trustee, master custodian and global custodian is Mellon Trust.
Overseeing the defined contribution plan are: John Kapanke, president; and David Lecander, senior investment manager.
Exxon Corp.
($ millions)
Total assets 10,788
Defined benefit 3,717
Total defined contribution 7,071
*401(k)/457 1,383
Employer DB contributions 10
Benefit payments 391
Total DC contributions 286
Internally managed assets:
Defined benefit 745
Defined contribution 6,359
The fund uses:
Stock index futures
Fixed-income futures
Defined benefit asset mix:
Stocks 66%
Fixed income 24%
Real estate equity 4%
Other 6%
Defined contribution asset mix:
Company stock 53%
Other stock 10%
Fixed income 37%
IRVING, Texas - As of Sept. 30, Exxon Corp.'s total employee benefit assets increased 6.3% from a year earlier. Defined benefit assets increased 2% during the same period; defined contribution assets increased 8.6%.
Employer contributions to the defined benefit plan decreased 96%; benefits paid decreased 25%.
Defined benefit managers:
Domestic equities: Barclays Global; Geometry Capital.
International equities: Aeltus; Barclays Global.
Domestic fixed-income: Barclays Global; J.P. Morgan; Prudential; Smith Barney.
Real estate: Corporate Property; Heitman/JMB.
Venture capital: Horsley Bridge; Hancock International.
Royalties: BankOne; NationsBank.
Defined contribution managers:
Domestic equities: Barclays Global.
The master trustee and master custodian is Bank of New York; the global custodians are Chase and Morgan Stanley.
Key personnel overseeing the investment management of the defined benefit fund are J.E. Bayne, manager, benefits finance and investments, and Phil Dranse, pension fund coordinator. Overseeing the defined contribution fund are Mr. Bayne and Dave Samson Jr., senior financial adviser.
Federal Express Corp.
($ millions)
Total assets 4,535
Defined benefit 2,910
Total defined contribution 1,625
Employer DB contributions 215
Benefit payments 29
Total DC contributions n/a
The fund uses:
Stock options
Defined benefit asset mix:
Stocks 70%
Fixed income 25%
Other 5%
Defined contribution asset mix:
Company stock 7%
Other stock 66%
Fixed income 2%
Cash equivalents 25%
MEMPHIS, Tenn. - As of Sept. 30, Federal Express Corp.'s total employee benefit assets increased 17% from a year earlier. Defined benefit assets increased 19.6% during the same period; defined contribution assets increased 12.8%.
Employer contributions to the defined benefit plan decreased by less than 1%; benefits paid decreased 15%.
Defined contribution managers:
Domestic equities: Vanguard.
International equities: Vanguard.
Domestic fixed-income: Vanguard.
Balanced: Vanguard.
Northern Trust is master trustee and global custodian.
Key personnel overseeing the investment management of the fund are Loren Jensen, manager-trust investments, and Darwyn Mitchell, senior financial analyst. Mr. Jensen oversees the defined contribution plan.
