Bell Atlantic Corp.
($ millions)
Total assets17,217
Defined benefit12,939
Total defined contribution4,278
*401(k)/401(a)3,549
*ESOP540
*PAYSOP189
Employer DB contributions5
Benefit payments903
Total DC contributions236
Hedging devices used:
Stock options
Bond options
Stock index futures
Fixed-income futures
Defined benefit asset mix:
Stocks60.2%
Fixed income27.1%
Cash equivalents3.1%
Real estate equity7.3%
Alternatives2.3%
Defined contribution asset mix:
Company stock57.9%
Other stock11.3%
Fixed income1.3%
GICs/BICs24.4%
Cash equivalents2.8%
Other2.3%
PHILADELPHIA - Bell Atlantic Corp.'s total employee benefit assets increased 3.3% between Dec. 31, 1993, and Sept. 30, 1995.
Defined benefit managers:
Domestic equities: Alliance; Babson; Equinox; Mellon; PIMCO; Provident Investment; Wellington.
International equities: Capital Guardian; J.P. Morgan; Northern Cross; Wells Fargo Nikko.
Domestic fixed-income: Miller Anderson; PIMCO; Standish Ayer; Wells Fargo Nikko.
Real estate: AMB; Copley; Corporate Property Investors; Heitman/JMB; LaSalle; O'Connor; Yarmouth.
Other managers: Abbott Capital; Cursitor-Eaton; Grantham, Mayo.
Defined contribution managers:
Domestic equities: Mellon.
International equities: Wells Fargo Nikko.
Domestic fixed-income: Wells Fargo Nikko.
GICs: Vanguard.
Money market: Bankers Trust.
The master trustee and global custodian for the defined benefit plan is Mellon Bank; the master trustee for the defined contribution plan is Bankers Trust.
Key personnel overseeing the investment management of the fund are Thomas J. Cowhey, executive director-trust asset management, and J. Paul Dokas, director, trust investment management.
