($ millions)
Total assets3,457
Defined benefit1,162
Total defined contribution2,295
Profit sharing/401(k)2,295
Employer DB contributions9
Benefit payments41
Employer DC contributions41
Internally managed assets:
Defined benefit452
Defined contribution2,295
Hedging devices used:
Stock options
Defined benefit asset mix:
Stocks43%
Fixed income57%
Defined contribution asset mix:
Company stock90%
GICs/BICs10%
ABBOTT PARK, Ill. - As of Sept. 30, Abbott Laboratories' total employee benefit assets increased 8.7% from a year earlier. Defined benefit assets decreased 5% during the same period; defined contribution assets increased 17.3%.
Employer contributions to the defined benefit plan increased to $9 million from zero a year earlier, and benefits paid increased 7.9%.
Defined benefit managers:
Domestic equities: Jennison; Hagler; Rosenberg; Sirach
International equities: Capital Guardian
Domestic fixed-income: Rosenberg; Goldman Sachs
Real estate managers: Equitable
The master trustee, master custodian and global custodian Northern Trust.
The key person overseeing the investment management of the fund is William H.S. Preece Jr., director-corporate retirement funds.
Aetna Life & Casualty
($ millions)
Total assets3,754
Defined benefit2,129
Total defined contribution1,625
Thrift/savings1,625
Employer DB contributions0
Benefit payments78
Employer DC contributions54
Internally managed assets:
Defined benefit2,129
Defined contribution1,625
Hedging devices used:
Stock options
Stock index futures
Defined benefit asset mix:
Stocks63.7%
Fixed income28.9%
Cash equivalents3.1%
Real estate equity3.3%
Mortgages1%
Defined contribution asset mix:
Company stock18%
Other stock12%
GICs/BICs70%
HARTFORD, Conn. - As of Sept. 30, Aetna Life & Casualty's total employee benefit assets increased by 0.6% from a year earlier. Defined benefit assets decreased 1% during the same period; defined contribution assets increased 3%.
All assets are managed by Aetna units.
The master trustee is Shawmut Bank for the defined benefit plan and Mellon Bank for the defined contribution plan.
Key personnel overseeing the investment management of the funds are: Russell P. Smith, pension director and Edward R. Goldfarb, managing director, Aeltus Investment Management.
Retirement Systems
of Alabama
($ millions)
Total assets*12,986
Defined benefit12,986
Employer DB contributions413
Benefit payments565
*book value
Internally managed assets:
Defined benefit12,986
Hedging devices used:
Stock options
Defined benefit asset mix:
Stocks31%
Fixed income55%
Cash equivalents9%
Real estate equity3%
Mortgages2%
MONTGOMERY, Ala. - As of Sept. 30, the Retirement Systems of Alabama's total employee benefit assets increased 7.9% from a year earlier. All assets are defined benefit.
Employer contributions to the defined benefit plan increased 19%, and benefits paid increased 13.5%.
The safekeeping agent is AmSouth Bank; the global custodian is Morgan Stanley Trust.
Key personnel overseeing the investment management of the fund are David G. Bronner, chief executive officer; Hunter Harrell, director of investments; and Cheryl Duke, director of equities.
Alaska Retirement Systems
($ millions)
Total assets6,549
Defined benefit6,549
Employer DB contributions200
Benefit payments210
Internally managed assets:
Defined benefit3,208
Defined benefit asset mix:
Stocks47.7%
Fixed income40.4%
Cash equivalents9%
Real estate equity2.8%
Mortgages0.1%
as of June 30, 1994.
JUNEAU, Alaska - As of June 30, Alaska Retirement Systems' total employee benefit assets in
