Real estate equity6%
Other3%
SAN FRANCISCO - As of Sept. 30, the San Francisco City & County Retirement System's total employee benefit assets - all defined benefit - decreased 1.3% from a year earlier.
Employer contributions to the defined benefit plan decreased 35%, and benefits paid increased 4%.
Defined benefit managers:
Domestic equities: Andrews & Cappiello; Ark; Dietche & Field; Hanson; McCullough; Nicholas-Applegate; Provident; RCM.
International equities: Capital Guardian; Oechsle.
Domestic fixed-income: Mackay-Shields; Scudder; TCW.
International fixed-income: Brinson Partners; Warburg.
Real estate managers: Coldwell Banker; JMB; L&B; Metric; Schroder; RREEF
The master custodian and global custodian is Bankers Trust; the investment consultant is Asset Strategy Consulting.
Key personnel overseeing the investment management of the fund are Carolyn Hamilton, acting chief investment officer; Gary Miatt and Dick Piketi, portfolio managers.
Sears, Roebuck and Co.
($ millions)
Total assets7,174
Defined benefit1,681
Total defined contribution5,493
Internally managed assets:
Defined benefit870
Defined contribution5,493
Hedging devices used:
Stock options
Stock index futures
Defined benefit asset mix:
Stocks57.7%
Fixed income23%
Cash equivalents7.5%
Real estate equity5%
Venture capital6.8%
Defined contribution asset mix:
Company stock43.9%
Other stock20.1%
Fixed income19.2%
Cash equivalents16.8%
CHICAGO - As of Sept. 30, Sears, Roebuck and Co.'s total employee benefit assets decreased 21.7% from a year earlier. Defined benefit assets decreased 34.9% during the same period; defined contribution assets decreased 16.5%.
The master trustee is Bank of America.
Northern Trust provides administrative and record-keeping services for the defined contribution plan.
The key person overseeing the investment management of the fund is Stanley H. Wright, president.
Sheet Metal Workers
International
($ millions)
Total assets*2,363
Defined benefit2,363
*P&I estimate
WASHINGTON - As of Sept. 30., the Sheet Metal Workers International's employee benefit assets totaled $2.363 billion, according to a Pensions & Investments estimate. The estimated is based on data from the Money Market Directory.
The key person overseeing the investment management of the fund is Michael Sullivan, secretary and treasurer.
Shell Oil Co.
($ millions)
Total assets10,581
Defined benefit4,284
401(k)6,297
Employer DB contributions0
Benefit payments282
Employer DC contributions96
Internally managed assets:
Defined benefit1,240
Defined contribution4,445
Hedging devices used:
Stock options
Stock index futures
Fixed-income futures
Managed futures
Defined benefit asset mix:
Stocks51%
Fixed income29%
Real estate 6%
Other14%
Defined contribution asset mix:
Company stock12%
Other stock12%
GICs/BICs72%
Other4%
HOUSTON - As of Sept. 30, Shell Oil Co.'s total employee benefit assets increased 3% from a year earlier. Defined benefit assets decreased 2.5% during the same period; defined contribution assets increased 7%.
Defined benefit managers:
Domestic equities: Sanford Bernstein; Dodge & Cox; Fayez Sarofim; Independence.
International equities: Daiwa; Genesis; Hill Samuel; Morgan Stanley.
Domestic fixed-income: BEA; Sanford Bernstein; HIMCO; UBS.
International fixed-income: World Investors.
Real estate: Aetna; Cabot; Carew; Equitable; Heitman; JMB; RREEF; US-PPI.
Other: T.H. Lee; Warburg Pincus; Zell Chillmark.
Defined contribution managers:
Domestic equities: Northern Trust
Other: J.P. Morgan.
For the defined benefit plan, the master custodian is Bankers Trust and the global custodian is Boston Safe. For the defined contribution plan, the master custodian and global custodian is Northern Trust. The investment consultant is Frank Russell.
Key personnel overseeing the funds are Walt L. Schroeder, general manager-funds; and Duane Davis, manager-thrift.
South Carolina Retirement
System
($ millions)
Total assets13,015
Defined benefit12,289
Total defined contribution726
*401(k)195
*457531
Employer DB contributions376
Benefit payments579
Employer DC contributions0
Internally managed assets:
Defined benefit12,289
Defined benefit asset mix:
Fixed income95%
Cash equivalents5%
Defined contribution asset mix:
Annuities97.5%
Other2.5%
COLUMBIA, S.C. - As of Sept. 30, the South Carolina Retirement System's total employee benefit assets increased 2.6% from a year earlier. Defined benefit assets increased 1.8% during the same period; defined contribution assets increased 19%.
Employer contributions to the defined benefit plan increased 3.5% and benefits paid decreased 9.2%.
Defined contribution managers:
Domestic equities: 20th Century; Vista; Vanguard; John Hancock
The master custodian is J.P. Morgan; the investment consultant is Jamison, Eaton and Wood.
Great West Life and Johnson & Higgins/Kirke Van Orsdel provide administrative and record-keeping services for the defined contribution plans.
Key personnel overseeing the investment management of the fund are Grady L. Patterson Jr., state treasurer; Sandy A. Huey, deputy state treasurer; Chuck Sanders, senior assistant state treasurer; and Shakun Tahiliani, assistant state treasurer. Overseeing the defined contribution plan are Purvis W. Collins, chairman of the deferred compensation committee, and Mr. Patterson.
The Southern Co.
($ millions)
Total assets4,756
Defined benefit3,284
401(k)1,472
Employer DB contributions0
Benefit payments91
