US Airways
($ millions)
Total assets 4,624
Defined benefit 3,154
401(k)/457 1,470
Employer DB contributions 230
Benefit payments 195
Total DC contributions 190
The fund uses:
Stock index futures
Defined benefit asset mix:
Stocks 70%
Fixed income 20%
Cash equivalents 5%
Real estate equity 5%
Defined contribution asset mix:
Company stock 11%
Other stock 69%
Fixed income 5%
GICs/BICs 7%
Cash equivalents 8%
ARLINGTON, Va. - As of Sept. 30, US Airways' total employee benefit assets increased 34% from a year earlier. Defined benefit assets increased 26% during the same period; defined contribution assets increased 54%.
Employer contributions to the defined benefit plan increased 40%; benefits paid increased 15%.
Defined benefit managers:
Domestic equities: PIMCO; Smith Breeden; Alliance; Brinson; Capital Guardian.
International equities: Acadian; Marathon; Walter Scott.
Domestic fixed-income: J.P. Morgan; Wachovia; Western.
Real estate: Urdang; RREEF
Defined contribution managers:
Domestic equities: Fidelity; Neuberger & Berman.
International equities: Fidelity.
Domestic fixed-income: Fidelity.
Lifecycle: Fidelity.
The master trustee/custodian is Wachovia; the global custodian is Bank of New York.
Key personnel overseeing the investment management of the fund are John W. Harper, senior vice president and chief financial officer, and James D. Harrington, director risk management and pension investments. Overseeing the defined contribution plan are: John R. Long III, executive vice president-human resources; Mr. Harper; and Mr. Harrington.
U S WEST Inc.
($ millions)
Total assets 16,565
Defined benefit 12,418
401(k)/457 4,147
Employer DB contributions 0
Benefit payments 467
Total DC contributions 240
Internally managed assets:
Defined benefit 5,203
Defined contribution 541
The fund uses:
Stock index futures
Fixed-income futures
Swaps
Defined benefit asset mix:
Stocks 64%
Fixed income 27%
Private equity 4%
Real estate equity 2%
Other 3%
Defined contribution asset mix:
Company stock 48%
Other stock 28%
Fixed income 6%
GICs/BICs 13%
Other 5%
ENGLEWOOD, Colo. - As of Sept. 30, U S WEST Inc.'s total employee benefit assets increased 18% from a year earlier. Defined benefit assets increased 18% during the same period; defined contribution assets increased 20%
Employer contributions to the defined benefit plan remained zero; benefits paid increased 11%.
Defined benefit managers:
Domestic equities: Mellon Capital; Capital Guardian; Symphony Asset.
International equities: Capital Guardian; Brinson; Morgan Stanley; Yamaichi; Schroder; Scudder; Pictet; New Africa.
Domestic fixed-income: Jennison; NISA; Goldman Sachs.
International fixed-income: Morgan Stanley; Bridgewater; Goldman Sachs.
Real estate: Jones Lang Wootton; Westmark; Sarofim Realty; Security Capital; AEW; ERE Yarmouth; Harbinger; Goldman Sachs.
Tactical asset allocation: Mellon Capital; BGI.
Equity linked fund: Desai Capital.
Oil & gas: TCW.
Defined contribution managers:
Domestic equities: State Street; Brinson; BGI.
International equities: Capital Guardian, Brinson.
Domestic fixed-income: Brinson; BGI.
International fixed-income: Brinson.
Balanced: Brinson; BGI.
The master trustee/custodian and global custodians are Boston Safe Deposit for the defined benefit plan and Bankers Trust for the defined contribution plan.
Key personnel overseeing the investment management of the fund are Mary Beth Gorrell, director; James Belquist, director; Sara Stratton, director; and Stan Willie, director. Overseeing the defined contribution plan is Don Butt, director.
USX Corp.
($ millions)
Total assets 11,616
Defined benefit 10,757
401(k)/457 859
Employer DB contributions 13
Benefit payments 916
Total DC contributions 73
Internally managed assets:
Defined benefit 10,757
Defined contribution 28
The fund uses:
Stock options
Swaps
Defined benefit asset mix:
Stocks 53%
Fixed income 30%
Cash equivalents 9%
Private equity 3%
Real estate equity 1%
Other 4%
Defined contribution asset mix:
Company stock 20%
Other stock 45%
Fixed income 1%
GICs/BICs 26%
Cash equivalents 5%
Other 3%
PITTSBURGH - As of Sept. 30, USX Corp.'s total employee benefit assets increased 14.3% from a year earlier. Defined benefit assets increased 13.4% during the same period; defined contribution assets increased 26.9%
Employer contributions to the defined benefit plan decreased 84%; benefits paid increased 2%
Defined benefit data listed is for all USX operating units. Defined contribution data is for USX and U.S. Steel only; it does not include the defined contribution plans of the Marathon and Delhi groups.
Defined contribution managers:
Domestic equities: Bankers Trust; United Income Fund; Fidelity.
International equities: T. Rowe Price.
Domestic fixed-income: Bankers Trust; Fidelity.
The custodians are Mellon Bank and Northern Trust. Global custodian is Mellon Bank.
Key personnel overseeing the investment management of both funds are G.A. Glynn, president; and P.C. Lincoln, vice president-investments of U.S. Steel and Carnegie Pension. Assisting them in overseeing the defined contribution plan is J.T. Carney, vice president of administration.
Utah State Retirement
Systems
($ millions)
Total assets 11,000
Defined benefit 10,000
401(k)/457 1,000
Employer DB contributions 290
Benefit payments 175
Internally managed assets:
Defined benefit 2,000
Defined benefit asset mix:
Stocks 50%
Fixed income 40%
Real estate equity 10%
SALT LAKE CITY - As of Sept. 30, the Utah State Retirement Systems total employee benefit assets increased 26% from a year earlier. Defined benefit assets increased 25% during the same period; defined contribution assets increased 33%.
Defined benefit managers:
Domestic equities: Abbott Capital; Baring; Capital International; Cohen & Steers; DFA; Goldman Sachs; J.P. Morgan; LSV Asset; Miller, Anderson and Sherrerd; Morgan Stanley; Schneider Capital; Schroder; Templeton; Value Line.
Domestic fixed-income: Rogge Global.
Real estate: AMB Institutional; CS First Boston; ERE Yarmouth; Goldman Sachs; Wallace; Hancock Timber; Heitman; Metric Institutional; Phoenix Realty; Westmark Realty.
Defined contribution managers: American Express; Beneficial Life; Fidelity; Templeton.
The master and global custodian is Northern Trust.
The key person overseeing the investment management of the two plans is Dee Williams, executive director.
