United Parcel Service Inc., Atlanta, plans to contribute about $723 million to its pension plan trusts in 2005, according to the company's annual report filed with the SEC. UPS contributed $450 million to its pension plans in 2004 and roughly $1.1 billion in 2003. The company had about $9.9 billion in pension assets as of Sept. 30, according to the filing.
Also, Deere & Co., Moline, Ill., expects to contribute $182 million to its pension plans during the remaining three quarters of fiscal 2005, according to the firm's first-quarter report filed with the SEC. The company contributed about $8 million to its pension plans during the three months ended Jan. 31. Deere had about $7.6 billion in pension assets as of Oct 31.
