($ millions)
Total assets 4,700
Defined benefit 2,852
401(k)/457 1,848
Employer DB contributions* 22
Benefit payments 187
Total DC contributions 75
Internally managed assets:
Defined benefit 490
The fund uses:
Stock index futures
Defined benefit asset mix:
Stocks 82%
Fixed income 12%
Cash equivalents 3%
Private equity 1%
Real estate equity 2%
Defined contribution asset mix:
Company stock 74%
Other stock 16%
Fixed income 1%
GICs/BICs 8%
Cash equivalents 1%
DALLAS - As of Sept. 30, Kimberly-Clark Corp.'s total employee benefit assets increased a total of 18% from a year earlier. Defined benefit assets increased a total of 19% during the same period; defined contribution assets increased 16%.
Employer contributions to the defined benefit plan totalled $22 million; benefits paid totaled $187 million.
Defined benefit managers:
Domestic equities: BGI; State Street Global.
International equities: Putnam; Templeton; BGI; State Street.
Domestic fixed-income: BGI Global; State Street.
International fixed-income: BGI.
Real estate: Strategic Investment Advisers.
Defined contribution managers:
Domestic equities: BGI; Vanguard; American Express.
International equities and domestic fixed-income: BGI; Vanguard.
Lifecycle: American Express.
Balanced: Vanguard.
The master trustee/custodian and global custodian is Citibank.
Key personnel overseeing the investment management of both plans are L. Robert Frazier, assistant treasurer-asset management; F. Jamieson Clement, manager of investments.
Eli Lilly & Co.
($ millions)
Total assets 6,366
Defined benefit 3,054
401(k)/457 3,312
Benefit payments 135
Total DC contributions 75
Internally managed assets:
Defined contribution 300
The fund uses:
Stock index futures
Defined benefit asset mix:
Stocks 68%
Fixed income 24%
Cash equivalents 5%
Real estate equity 3%
Defined contribution asset mix:
Company stock 59%
Other stock 26%
Fixed income 4%
GICs/BICs 11%
INDIANAPOLIS - As of Sept. 30, Eli Lilly & Co.'s total employee benefit assets increased 35.4% from a year earlier. Defined benefit assets increased 23.6% during the same period; defined contribution assets increased 48.5%.
Defined benefit plan payouts remained the same.
Defined benefit managers:
Domestic equities: BGI; Capital Guardian; Reams; Reaves.
International equities: Capital Guardian; BGI; Nikko; State Street.
Domestic fixed-income: BGI; Reams.
Defined contribution managers:
Domestic equities: Roxbury.
Balanced: Brinson.
The master trustee/custodian is Northern Trust.
Key personnel overseeing the investment management of the fund are Michael Neal, adviser; and Fred Ruebeck, director. Overseeing the defined contribution plan are Mr. Ruebeck and Tom Ositnik, adviser.
Lockheed Martin Corp.
($ millions)
Total assets* 30,847
Defined benefit 19,847
401(k)/457 11,000
*from Money Market Directory
BETHESDA, Md. - As of June 30, Lockheed Martin Corp.'s total employee benefit assets increased 12% from a year earlier, according to data from Money Market Directory. Defined benefit assets increased 9% during the same period; defined contribution assets increased 19%.
Last fall, the company announced it was forming a new investment management subsidiary, Lockheed Martin Investment Management Co. The unit was created to manage the defense conglomerate's growing employee retirement and savings plan assets - which were expected to exceed $45 billion after the merger with Northrup Grumman Corp. was completed.
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