Boeing Co.
($ millions)
Total assets 49,500
Defined benefit 32,350
401(k)/457 17,150
Employer DB contributions 0
Benefit payments 1,560
Internally managed assets:
Defined benefit 860
The fund uses:
Stock index futures
Fixed-income futures
Short selling
Defined benefit asset mix:
Domestic stocks 55%
Foreign stocks 9%
Domestic fixed income 26%
Foreign fixed income 2%
Cash equivalents 4%
Private equity 2%
Real estate equity 2%
Defined contribution asset mix:
Company stock 16%
Other stock 50%
Fixed income 10%
Stable value 22%
Cash equivalents 2%
SEATTLE -- As of Sept. 30, Boeing Co. total employee benefit assets decreased 0.6% from a year earlier. Defined benefit assets decreased 1.7% during the same period; defined contribution assets increased 1.5%.
Employer contributions to the defined benefit plan were unchanged.
The defined benefit master trustee and global custodian is Chase Manhattan Bank. The defined contribution master trustee is State Street Bank & Trust.
Key personnel overseeing the investment management of the both funds are Gary B. Bland, vice president, trust investments; Marie G. Colthorp, director, retirement funds; Mike Cappetto, manager, trust investments; Jim Wadhwani, manager, portfolio investments; and Virginia Gilliam, administrator, trust investments.
Boilermaker-Blacksmith National Pension Trust
($ millions)
Total assets 5,027
Defined benefit 5,027
Employer DB contributions 84
Benefit payments 211
Defined benefit asset mix:
Domestic stocks 44%
Foreign stocks 4%
Domestic fixed income 38%
Cash equivalents 2%
Real estate equity 8%
Cogeneration 4%
KANSAS CITY, Kan. -- As of Sept. 30, the Boilermaker-Blacksmith National Pension Trust's total employee benefit assets increased 3% from a year earlier. All assets are defined benefit.
Employer contributions to the defined benefit plan increased 8%; benefits paid increased 20%.
Defined benefit managers:
Domestic equities: Atalanta/Sosnoff; Carl Domino; Fiduciary Management; Husic Capital; Lazard Freres; Neuberger Berman; Nicholas-Applegate; Shields/Alliance.
International equities: Bank of Ireland; Lazard Freres.
Domestic fixed-income: Scudder, Stevens & Clark; Ark; Financial Counselors; Loomis Sayles; Columbia Management; McMorgan; Atalanta/Sosnoff.
Real estate: J.P. Morgan; AEW; John J. Smith; Lend Lease; Prudential.
Balanced: McMorgan; Trust Co. of the West; Duff & Phelps.
The defined benefit master trustee/custodian and global custodian is Brotherhood Bank & Trust.
David E. Hanson, financial director, oversees the investment management of the fund.
BP America
($ millions)
Total assets* 4,195
Defined benefit 2,095
401(k)/457 2,100
* From Money Market Directory
CLEVELAND -- As of June 30, BP America's total employee benefit assets increased 29.5% from a year earlier. Defined benefit assets increased 5% during the same period; defined contribution assets increased 69%.
In August, the British Petroleum Co. PLC, BP America's parent company, announced it would acquire Amoco Corp. The Federal Trade Commission approved the deal at the end of the year. The new company BP Amoco Corp. will oversee the combined employee benefit assets of the two firms.
Key personnel overseeing the investment management of the fund were Howard W. Harpster, director-pension investments; and Robert Gillette, senior consultant.
Bristol-Myers Squibb Co.
($ millions)
Total assets 6,097
Defined benefit 2,458
Total defined contribution 3,639
Employer DB contributions n/a
NEW YORK -- As of Sept. 30, Bristol-Myers Squibb Co.'s total employee benefit assets increased 5% from a year earlier. Defined benefit assets decreased 5% during the same period; defined contribution assets increased 14%.
Defined benefit managers:
Domestic equities: Capital Growth; Frontier; Iridian; Scudder Kemper; Montgomery Asset; Montag & Caldwell; Skyline; Bankers Trust.
International equities: Silchester; Capital Guardian; Putnam.
Domestic fixed-income: Western Asset; Alliance; J.P. Morgan.
Real estate: Citicorp; J.P. Morgan.
Other managers: Pathway Capital; Saratoga; Warburg-Pincus.
Defined contribution manager: Fidelity.
The master trustee/custodian is The Northern Trust Co.
Key person overseeing the investment management of the fund is Robert B. Chapman Jr., assistant treasurer, pension and savings investment management.
