March 04, 2013 12:00 AM

Plans using LDI

Largest retirement plans, ranked by total defined benefit assets, using a liability-driven investing strategy. Assets are as of Sept. 30, 2012.

Plan sponsor	DB assets
General Motors	$101,913
Boeing	$55,510
IBM	$53,459
Ford	$42,283
Alcatel-Lucent	$34,379
Missouri Public Schools	$28,430
Verizon	$25,483
UPS	$25,154
United Technologies	$22,551
FedEx	$17,965
Kaiser Foundation Health Plan	$16,990
The World Bank	$15,162
E. I. du Pont de Nemours	$15,122
Honeywell	$14,790
3M	$13,872
Exelon	$13,552
Hewlett-Packard	$12,926
Exxon Mobil	$12,760
Prudential Financial	$12,759
CenturyLink	$12,350
Pfizer	$12,215
PG&E	$12,000
Caterpillar	$11,079
Deere & Co.	$10,017
Federal Reserve Employee Benefits System	$9,373
Dow Chemical	$9,180
American Airlines	$8,867
International Paper	$8,841
Alcoa	$8,512
Delta Air Lines	$8,235
Montana Board of Investments	$8,080
Duke Energy	$7,721
FirstEnergy	$6,337
Eli Lilly	$6,310
Aetna	$5,758
Dominion Resources	$5,743
Altria Group	$5,698
Motorola Solutions	$5,503
J.C. Penney	$5,369
Allstate	$5,053
Textron	$4,922
American Electric Power	$4,623
General Mills	$4,486
Public Service Enterprise Group	$4,485
Sandia	$4,473
BAE Systems	$4,435
UMWA Health & Retirement	$4,389
MeadWestvaco	$4,252
Nationwide Insurance	$4,165
PPL	$4,035
Baxter International	$3,959
American Honda Motor	$3,862
Goodyear Tire & Rubber	$3,827
CBS	$3,826
Nestle USA	$3,703
Xerox	$3,680
Blue Cross & Blue Shield Association	$3,673
Entergy	$3,671
Kimberly-Clark	$3,637
Morgan Stanley	$3,469
Bayer	$3,457
Pentegra Group	$3,325
Deloitte	$3,300
Inter-American Development Bank	$3,220
PPG Industries	$3,208
Ameren	$3,179
Montgomery County Employees	$3,179
Macy's	$3,145
Target	$3,064
Johnson Controls	$3,000
Michelin North America	$2,863
Hoffmann-La Roche	$2,853
Energy Future Holdings	$2,802
Corning	$2,775
SunTrust Banks	$2,765
Timken	$2,688
Computer Sciences	$2,449
PricewaterhouseCoopers	$2,415
Rockwell Collins	$2,411
MillerCoors	$2,400
Time Warner	$2,350
Cummins	$2,320
Celanese Americas	$2,318
CSX	$2,292
Iberdrola USA	$2,173
SUPERVALU	$2,172
NiSource	$2,162
Campbell Soup	$2,118
Pinnacle West Capital	$2,056
Pepco Holdings	$2,029
Sanofi-Aventis U.S.	$1,997
CMS Energy/Consumers Energy	$1,977
Battelle Memorial Institute	$1,879
Constellation Energy Group	$1,835
Norfolk Southern	$1,808
Rio Tinto America	$1,791
Massachusetts Mutual Life Insurance	$1,789
Unilever U.S.	$1,697
WellPoint	$1,692
Thomson Reuters	$1,662
Pensions & Investments research