ELI LILLY & CO. ($ MILLIONS)
Total assets 4,700
Defined benefit 2,470
401(k) 2,230
Employer DB contributions 10
Benefit payments 135
Total DC contributions 60
Internally managed assets:
Defined benefit 166
Defined contribution 300
The fund uses:
Stock index futures
Defined benefit asset mix:
Stocks 64%
Fixed income 25%
Cash equivalents 3%
Real estate equity 4%
Other 4%
Defined contribution asset mix:
Company stock 51%
Other stock 28%
Fixed income 5%
GICs/BICs 16%
INDIANAPOLIS - As of Sept. 30, Eli Lilly & Co.'s total employee benefit assets increased 16% from a year earlier. Defined benefit assets increased 9% during the same period; defined contribution assets increased 24%.
Employer contributions to the defined benefit plan decreased 80%; benefits paid decreased 3%.
Defined benefit managers:
Domestic equities: Ardsley Partners; Capital Guardian; Reams; United Capital; W.H. Reaves.
Domestic fixed-income: Reams.
Other: Apollo; Harbinger; T.H. Lee; Churchill; CID; J.W. Childs; Texas Pacific.
Defined contribution managers:
Domestic equities: Roxbury; Barclays Global.
Balanced: Brinson.
The master trustee and master custodian is Northern Trust.
Key personnel overseeing the investment management of the fund are Michael W. Neal, adviser, investments, and Fred W. Ruebeck, director, investments. Overseeing the defined contribution plan are Mr. Ruebeck and Thomas F. Obsitnik, adviser, investments.
Lockheed Martin Corp.
($ millions)
Total assets* 27,528
Defined benefit 18,247
Total defined contribution 9,281
*as of June 30
BETHESDA, Md. - As of June 30, Lockheed Martin Corp.'s total employee benefit assets were $27.528 billion. These assets include for the first time the employee benefit plans of the Tactical Systems unit, which Lockheed Martin purchased from Loral Corp. in 1996.
Defined benefit managers:
Alliance Capital; Anhalt/O'Connell; Ark; Bankers Trust; Breau Capital; Brinson; Capital Guardian; Chancellor; Connecticut General; Cursitor-Alliance; Decision Services; Delaware; Delta; Duncan-Hurst; EGS; Essex; Furman Selz; Global Asset Management; Glickenhaus; Goldman Sachs; GS Capital; Gruber & McBaine; John McStay; Hotchkis and Wiley; Invista; Koll; Lazard Freres; LGT; Lombard Odier; Mellon Bank; Mellon Trust; J.P. Morgan; Morgan Stanley; Pacific Investment; Provident Investment; Putnam; Pioneering Management; T. Rowe Price; Payden & Rygel; RREEF; Scudder Stevens; Fayez Sarofim; Smith Barney; State Street Research; Robert E. Torray; TCW; Wells Fargo; Whitehall; UBS; Van Eck; Western; Westwood.
Defined contribution managers:
Bankers Trust; Capital Research; Delaware; Mellon Trust; Pacific Financial; Fayez Sarofim; Standish, Ayer; State Street Bank; Twentieth Century; Vanguard; TCW.
The master trustees are Bankers Trust, U.S. Trust and State Street; the global custodians are Bankers Trust and Chase.
Key personnel overseeing the investment management of the funds are George C. Weintz, vice president, investments; Wayne H. Shaner, vice president, investments; Shawn M. Hendon, director, investments; and David C. Toth, director, investments.
Los Angeles City
Employees' Retirement
System
($ millions)
Total assets 5,268
Defined benefit 5,268
Employer DB contributions 149
Benefit payments 233
Internally managed assets:
Defined benefit 150
The fund uses:
Stock index futures
Defined benefit asset mix:
Stocks 65.8%
Fixed income 30.4%
Cash equivalents 1.1%
Real estate equity 2.3%
Mortgages 0.2%
Other 0.2%
LOS ANGELES - As of Sept. 30, the Los Angeles City Employees' Retirement System's total employee benefit assets - all defined benefit - increased 12% from a year earlier.
Employer contributions to the defined benefit plan increased 1%; benefits paid decreased 7%.
Defined benefit managers:
Domestic equities: Barclays Global; RhumbLine; Thomson Horstman; Valenzuela; Chancellor; DFA Fiduciary Trust; Loomis, Sayles.
International equities: Capital Guardian; Daiwa; Schroders; State Street; Templeton.
Domestic fixed-income: Lincoln Capital; Loomis, Sayles; WR Lazard; Smith Graham.
International fixed-income: Morgan Grenfell.
Real estate: AEW; L&B; LaSalle; TA Associates; TCW; O'Connor; RREEF; Greystone; DLJ; Koll/Bren.
Other: CVC European; CGW; Menlo Ventures; KKR; Interwest Partners; Golder Thoma; Welsh Carson; Oaktree.
The master custodian is Northern Trust; the global custodian is Northern Trust.
Key personnel overseeing the investment management of the fund are Oscar Peters, general manager; Daniel P. Gallagher, chief investment officer; and Wayne Ige, investment officer.
Los Angeles County
Retirement Systems
($ millions)
Total assets 21,976
Defined benefit 20,048
401(k)/457 1,928
Employer DB contributions 133
Benefit payments 837
Total DC contributions 164
Internally managed assets:
Defined contribution 47
The fund uses:
Bond options
Fixed-income futures
Defined benefit asset mix:
Stocks 55.6%
Fixed income 35.7%
Real estate equity 5.9%
Alternative investments 2.8%
Defined contribution asset mix:
Stock 26%
Fixed income 4%
GICs/BICs 57%
Cash equivalents 9%
Other 4%
PASADENA, Calif. - As of Sept. 30, Los Angeles County Retirement Systems' total employee benefit assets increased 8% from a year earlier. Defined benefit assets increased 8% during the same period; defined contribution assets increased 11.8%.
Employer contributions to the defined benefit plan decreased 93%; benefits paid increased 9%.
Defined benefit managers:
Domestic equities: Bankers Trust; Capital Guardian; Delta Asset; INVESCO MIM; Loomis; Oak; Putnam; Pilgrim Baxter; Weiss, Peck & Greer; Progress Investment; RCB; Edgar Lomax; Globalt; Rampart; Sloate, Weisman; Bramwell; Evergreen; Geneva; Gries; GW Capital; Hourglass; Radnor; Sturdivant; Twin Capital; ICM Asset; Wilke/Thompson.
International equities: Bankers Trust; Capital Guardian; GAM; Morgan Grenfell; Schroder; UBS Phillips & Drew.
Domestic fixed-income: Bradford & Marzec; Brown Brothers; Capital Guardian; MacKay-Shields; MFS Financial; Nicholas-Applegate; Scudder Stevens; TCW.
International fixed-income: Brinson Partners; Capital Guardian; J.P. Morgan; Morgan Grenfell.
Real estate: Hetiman/JMB; INVESCO; Jones Lang Wootton; L&B; Lowe; Public Storage; RREEF; Sentinel; Shurgard; T.A. Associates; TCW/Westmark; Trammell Crow.
Alternative: Accel; Apollo; Berkshire; Blackstone; Bruckman, Rosser; Carlyle; Churchill; Copley; CVC; Cypress Merchant; DLJ; Enterpise Partners; GeoCapital; GKH; GS Capital; Kidd Kamm; KKR; Kleiner Perkins; Landmark; Media/Communications; Oak; Phillips-Smith; Prudential Venture; Questor; Ripplewood; Sevin Rosen; Sierra; Summit.
Defined contribution managers:
Domestic equities: Fidelity; State Street.
International equities: Fidelity.
Domestic fixed-income: Fidelity; MetLife; Protective Life; Pacific Mutual.
Balanced: Miller Anderson.
The master and global custodian is Mellon Trust.
Key personnel overseeing the investment management of the defined benefit fund are Ken Shaffer, chief investment officer; Lisa Mazzocco, senior investment officer, equities; Juan Almaguer, investment officer, fixed income; John McClelland, senior investment officer, real estate; and David Locke; investment officer, venture capital and alternative investments. Overseeing the defined contribution plan are David E. Janssen, chief administrative officer, and Bud Treece, executive director.
