DTE Energy Co., Detroit, said it expects to make up to $180 million in contributions to its defined benefit plans in 2015. The company contributed $188 million to its pension funds in 2014.
Total DB assets rose 7% during the year, while the funding ratio dipped 940 basis points to 75.6% as of Dec. 31, according to the company's 2014 10-K filing. The company had $3.98 billion in DB assets and $5.27 billion in liabilities as of Dec. 31
The discount rate used to measure pension liabilities in 2014 was 4.12%, down from 4.95% a year earlier. The firm also decreased its expected rate of return on assets to 7.75% from 8.25%.
The asset allocation as of Dec. 31 was 49.9% equities, 25.2% fixed income, 19.7% hedge funds, 4.6% private equity and other, and 0.6% cash.