Conagra Foods Inc., Omaha, Neb., expects to contribute about $80 million to its worldwide defined benefit pension plans during its current fiscal year, ending May 29, 2012, according to the company’s 2011 10-K.
The company contributed $129 million to its company-sponsored pension plans in fiscal 2011, according to the 10-K.
Conagra’s defined benefit assets increased 18.6% in fiscal 2011 to $2.5 billion as of May 29. The funded status of its defined benefit plans was 88.3% for fiscal 2011 vs. 82% a year earlier. The discount rate fell to 5.3% from 5.8% in the same period.
As of May 29, the asset allocation of Conagra’s pension plans was 48.7% equities; 22.5% fixed income; 13.6% hedge funds; 5% cash and other; 4.9% master limited partnerships; 3.1% real estate; and 2.2% private equity.