Caterpillar Inc., Peoria, Ill., contributed $900 million to its U.S. pension master trust in 2005, according to a company filing with the Securities and Exchange Commission. The company contributed roughly $600 million in 2004, confirmed spokesman Rusty Dunn. The company has $11.5 billion in U.S. pension assets, and the plan is 93% funded. The company's U.S. plan "is solid," Mr. Dunn said. "We're in pretty good shape."
United Technologies Corp., Hartford, Conn., contributed $663 million to its $13.8 billion pension plan for 2005, according to the company's earnings announcement. Company officials plan to decrease the 2006 contribution to $500 million, saying pension funding is now strong again, the announcement said.
Boeing Co., Chicago, expects to make $500 million in pension contributions in both 2006 and 2007, the company reported in an SEC filing. Its pension contributions totaled $1.9 billion in 2005. The pension fund returned 15% for 2005, according to a company presentation accompanying the filing. By contrast, the fund returned 13% in 2004, according to its 2004 annual report. Boeing's pension assets totaled $44.1 billion as of Sept. 30, according to data Boeing provided for Pensions & Investments' report on the top 1,000 employee benefit funds. Funded status improved to 96%, according to the SEC filing. Todd Blecher, Boeing spokesman, said the company won't disclose its total pension assets and liabilities for 2005 until it issues its annual report later this month.
Northrop Grumman Corp., Los Angeles, contributed $415 million to its $18.7 billion pension plans in 2005, down from the $623 million in contributions made in 2004, according to filings with the SEC. The company's 2005 contributions included $203 million a voluntarily contribution in the fourth quarter.
Southwest Airlines Co., Dallas, last year contributed $122 million to its defined contribution plans, with $1.2 billion in assets, according to Brandy King, Southwest spokeswoman. She said company officials do not have a contribution forecast for 2006. Southwest contributed $200 million in 2004 and $219 million in 2003 to its defined contribution and profit-sharing plans, according to the company's annual report filed with the SEC.
AMR Corp., Fort Worth, Texas, contributed $36 million to its pension plans this month, according to a company spokesman. AMR, parent of American Airlines, expects to contribute $250 million to its $7.8 billion pension plans this year, he said. In the fourth quarter, AMR contributed $22 million to the plans, bringing its total for 2005 to $310 million.