Kimberly-Clark Corp.
($ millions)
Total assets 4,298
Defined benefit 2,695
Total defined contribution 1,603
401(k)/457 1,210
Employer DB contributions 2
Benefit payments 190
Total DC contributions 125
Internally managed assets:
Defined benefit 525
The fund uses:
Stock index options
Stock index futures
Defined benefit asset mix:
Domestic stocks 66%
Foreign stocks 12%
Domestic fixed income 13%
Foreign fixed income 1%
Cash equivalents 6%
Real estate equity 2%
Defined contribution asset mix:
Company stock 64%
Other stock 18%
Fixed income 2%
Stable value 11%
Cash equivalents 2%
Life-cycle funds 3%
DALLAS -- As of Sept. 30, Kimberly-Clark Corp.'s total employee benefit assets decreased 8.6% from a year earlier. Defined benefit assets decreased 5.5% during the same period; defined contribution assets decreased 13%.
Employer contributions to the defined benefit plan decreased 93%; benefits paid increased 1.6%.
Participants in the defined contribution plan, 64% of which is in company stock, experienced a paper loss of $222 million between the stock's March 11 high closing level for the year and Nov. 10.
Defined benefit managers:
Domestic equities: BGI; State Street Global.
International equities: Putnam; Templeton.
Domestic fixed income: BGI; State Street Global.
International fixed income: BGI.
Real estate: Strategic.
Stock index options & futures: BEA.
Defined contribution managers:
Domestic equities: BGI; American Express.
International equities: BGI.
Domestic fixed income: BGI.
Stable value: American Express.
The master trustee/custodian and global custodian for the defined benefit plan is Citibank; the master trustee/custodian for the defined contribution plan is U.S. Bank.
Key person overseeing the investment management of the fund and defined contribution plan is L. Robert Frazier, assistant treasurer-asset management.
Eli Lilly and Co.
($ millions)
Total assets 6,477
Defined benefit 2,690
401(k)/457 3,787
Employer DB contributions 0
Benefit payments 135
Total DC contributions 104
Internally managed assets:
Defined benefit 181
Defined contribution 440
Defined benefit asset mix:
Domestic stocks 42%
Foreign stocks 20%
Domestic fixed income 27%
Cash equivalents 2%
Private equity 5%
Real estate equity 4%
Defined contribution asset mix:
Company stock 60%
Other stock 21%
Stable value 12%
Other 7%
INDIANAPOLIS -- As of Sept. 30, Eli Lilly and Co.'s total employee benefit assets increased 1.7% from a year earlier. Defined benefit assets decreased 11.9% during the same period; defined contribution assets increased 14.3%.
Employer contributions to the defined benefit plan were zero; benefits paid remained the same.
Defined benefit managers:
Domestic equities: BGI; Capital Guardian; Reams; W.H. Reaves.
International equities: BGI; Capital Guardian; Doughty Hanson; H&Q Asia Pacific; HarbourVest; Morgan Stanley; NatWest; Pareto; State Street Bank; Templeton; TPG.
Domestic fixed-income: BGI; Churchill; CID Equity; Harbinger; Reams.
Real estate: Apollo; Bankers Trust; Circle Centre; GE Investment; Harbinger; Heitman; RREEF; Security Capital; Whitehall Street.
Other managers: American Industrial; Apollo; AQR; The Banc Funds; J.W. Childs; Churchill Capital; CID Equity; Collins; Harbour Group; Thomas E. Lee.
Defined contribution managers:
Domestic equities: BGI; Roxbury Capital; Lazard.
International equities: Capital Guardian.
Stable value: Morgan Stanley.
Balanced: UBS Brinson.
Northern Trust is the master trustee/custodian and global custodian for both the defined benefit and defined contribution plans.
Key personnel overseeing the investment management of the fund are Fred W. Ruebeck, director, investments administration; Michael W. Neal, adviser; and Darrell D. Johnson, adviser. Overseeing the defined contribution plan are Mr. Ruebeck, Mr. Johnson and Thomas F. Obsitnik, adviser.
Lockheed Martin Corp.
($ millions)
Total assets* 35,212
Defined benefit 22,866
Total defined contribution 12,396
* From Money Market Directory
Internally managed assets:
Defined benefit 2,287
BETHESDA, Md. -- As of June 30, Lockheed Martin Corp.'s total employee benefit assets increased 14% from a year earlier. Defined benefit assets increased 15% during the same period; defined contribution assets increased 12%.
Defined benefit managers: Alliance; Anhalt/O'Connell; Bankers Trust; Brinson; Capital Guardian; CB Richard Ellis; Connecticut General; Delaware; Delta; DSI International; Duncan-Hurst; EGS Partners; Glickenhaus; Gruber & McBaine; Hotchkis & Wiley; INVESCO; Investment Research Co.; Lazard Freres; Loomis, Sayles; Lombard Odier; John McStay; Mellon Equity; J.P. Morgan; Morgan Stanley; PIMCO; Payden & Rygel; Pioneering; T. Rowe Price; Putnam; RREEF; Sarofim; Smith Barney; State Street Research; Robert Torray; Van Eck; Western; Westwood.
Defined contribution managers: American Century; Bankers Trust; Capital Research & Management; Delaware; Mellon Equity; Pacific Financial Research; Sarofim; Standish, Ayer; State Street Global; Vanguard.
The defined benefit master trustee and global custodian is Bankers Trust. The defined contribution master trustees are State Street Bank & Trust, Bankers Trust and U.S. Trust Co.
Key personnel overseeing the investment management of the fund are Anthony Van Schaick, president and chief executive officer of Lockheed Martin Investment Management Co.; and George Weintz and Wayne Shaner, vice presidents of investments.
