Eastman Kodak Co.
($ millions)
Total assets10,903
Defined benefit7,122
401(k)3,781
Employer DB contributions0
Benefit payments630
Employer DC contributions175
P&I estimate
Internally managed assets:
Defined contribution3,016
Hedging devices used:
Stock index futures
Fixed-income futures
Short selling
Managed futures
Defined benefit asset mix:
Stocks64%
Fixed income4%
Cash equivalents2%
Real estate equity11%
Annuities2%
Other17%
Defined contribution asset mix:
Company stock9%
Other stock12
GICs/BICs79%
ROCHESTER, N.Y. - As of Sept. 30, Eastman Kodak Co.'s total employee benefit assets are estimated to be $10.903 billion, based on company data as of Dec. 31, 1993. Defined benefit assets are estimated to be $7.122 billion and defined contribution assets, $3.781 billion.
Defined benefit managers:
Domestic equities: Acadian; Ardsley Partners; Baker Nye; Bel Advisors; Sanford C. Bernstein; Boston Co.; CIGNA; Evaluation Associates; Fidelity; First Pacific Advisors; First Quadrant; John Hancock; Lazard Freres; Neuberger & Berman; Nicholas-Applegate; Rosenberg Institutional; Tiger Management; TCW; Value Line; WRM Equity; Wyser-Pratte Management.
International equities: Emerging Markets Management; Templeton Worldwide.
Domestic fixed-income: The Boston Co.; The Bridgewater Associates.
Real estate: Aetna; AEW; Alliance Capital; Cabot Partners; CB Commercial; Copley; GE Investments; Goldman Sachs; Hotels of Distinction Ventures; JMB; Karsten; Metropolitan Life; National Life; Phoenix Mutual Life; PMRealty; Prentiss Properties; PSI; RCB; RREEF; Schroder; T.A.; TCW.
Venture capital: Advent International; Horsley/Bridge; Merrill Lynch Capital Partners; Patricof; Recovery Equity.
Foreign exchange: Falcon Investment; FX Concepts.
Timberland: MONY; Resource Investments.
Oil & Gas: Canadian Gas Gatherings; First Reserve; J.P. Morgan Investment Management; UBS.
Managed futures: Mount Lucas.
Mortgage-backed securities: Smith Breeden.
TAA: PanAgora Asset Management.
LBOs: TCW.
Defined contribution managers:
Domestic equities: RogersCasey; Wells Fargo Nikko.
International equities: Frank Russell.
The master trustee is Mellon Bank; the global custodian is Mellon Bank; the investment consultant is RogersCasey.
Hewitt Associates provides administrative and record-keeping services for the defined contribution plan.
Key personnel overseeing the investment management of the fund are Jesse J. Greene Jr., treasurer; Russell L. Olson, director of pension investments worldwide; and Robert D. Spooner, pension investments manager. Overseeing the defined contribution plan are David E. Edwards, director-employee benefits, and Mr. Olson.
The Church Pension Fund
(Episcopal)
($ millions)
Total assets2,568
Defined benefit2,568
from Money Market Directory
Defined benefit asset mix:
Stocks62%
Fixed income18%
Cash equivalents8%
Real estate equity2%
Mortgages7%
Other3%
NEW YORK - As of June 30, The Church Pension Fund (Episcopal)'s total employee benefit assets totaled $2.568 billion, according to information from the Money Market Directory.
Key personnel overseeing the investment management of the fund are Alan F. Blanchard, president; the Right Rev. Frank S. Cerveny, executive vice president and manager; Helen Fox-O'Brien, vice president; and Richard Lewis, comptroller.
Evangelical Lutheran Church
in America Board
of Pensions
($ millions)
Total assets2,641
401(b)2,641
Employer DC contributions63
Internally managed assets:
Defined contribution1,154
Defined contribution asset mix:
Stock48
Fixed income45.7%
Cash equivalents1.8%
Real assets0.7%
Venture capital0.8%
High yield2.3%
Tactical asset allocation0.7%
MINNEAPOLIS - As of Sept. 30, The Evangelical Lutheran Church in America Board of Pensions' total employee benefit assets decreased 0.6% from a year earlier. All assets are defined contribution.
Defined contribution managers:
Domestic equities: Alliance Capital; J.P. Morgan; RCM; Rosenberg; Wells Fargo.
International equities: Acadian; Schroder; UBS.
Domestic fixed-income: BlackRock Financial.
International fixed-income: J.P. Morgan.
Real estate: Cohen & Steers.
TAA: J.P. Morgan, QuantiLogic.
The master trustee and global custodian is Boston Safe & Deposit Trust; the investment consultant is Wilshire.
Key personnel overseeing the investment management of the fund are John Kapanke, president, and David Lelander, senior investment manager.
Exxon Corp.
($ millions)
Total assets8,965
Defined benefit3,199
Total defined contribution5,766
401(k)1,025
Thrift/savings3,705
ESOP1,036
Employer DB contributions78
Benefit payments420
Employer DC contributions128
Internally managed assets:
Defined benefit666
Defined contribution5,388
Hedging devices used:
Stock options
Stock index futures
Fixed-income futures
Defined benefit asset mix:
Stocks66%
Fixed income26%
Real estate equity4%
Other4%
Defined contribution asset mix:
Company stock46%
Other stock7%
Fixed income47%
IRVING, Texas - As of Sept. 30, Exxon Corp.'s total employee benefit assets decreased 6% from a year earlier. Defined benefit assets decreased 8% during the same period; defined contribution assets decreased 5%.
The firm contributed $78 million to the defined benefit plan, up from no contribution a year earlier; benefits paid decreased 10%.
Defined benefit managers:
Domestic equities: Geometry Asset; Wells Fargo.
International equities: Aeltus; Wells Fargo.
Domestic fixed-income: J.P. Morgan; Prudential; Smith Barney; Wells Fargo.
Real estate: Corporate Property Investors; JMB; Acacia.
Venture capital: Hancock Venture; Horsley Bridge.
Insured reserves: Equitable.
Royalties: Premier; Texas Commerce.
Defined contribution managers:
Domestic equities: Wells Fargo.
The master trustee and master custodian is The Bank of New York; the global custodians are Morgan Stanley and Wells Fargo.
Key personnel overseeing the investment management of the fund are J.E. Bayne, manager, benefits finance and investment; and R. Scott Massengill, pension fund coordinator. Mr. Bayne and Brian Livingston, senior financial adviser, oversee the defined contribution plan.
Federal Retirement Thrift
Investment Board
($ millions)
Total assets24,866
Thrift/savings24,866
Employer DC contributions1,432
Internally managed assets:
Defined contribution17,445
Defined contribution asset mix:
Stock24%
Fixed income6%
Cash equivalents70%
WASHINGTON - As of Sept. 30, the Federal Retirement Thrift Investment Board's total employee benefit assets increased 27.5% from a year earlier. All assets are defined contribution.
Defined contribution managers:
Domestic equities: Wells Fargo Nikko.
Domestic fixed-income: Wells Fargo Nikko.
The master trustees are Wells Fargo Institutional Trust and the U.S. Treasury.
The National Finance Center provides record-keeping services for the defined contribution plan.
Key personnel overseeing the investment management of the fund are Peter B. Mackey, director investments; Alison L. Doone, deputy director investments; and Patricia A. Snodgrass, senior financial analyst.
Federal Express Corp.
($ millions)
Total assets2,872
Defined benefit1,892
Total defined contribution980
*Profit-sharing19
*401(k)908
*ESOP53
Internally managed assets:
Defined benefit9
Hedging devices used:
Stock options
Managed futures
Defined benefit asset mix:
Stocks68.7%
Fixed income25.2%
Cash equivalents1%
GICs/BICs2%
Other3.1%
Defined contribution asset mix:
Other stock52.5%
Fixed income10.5%
Cash equivalents37%
MEMPHIS, Tenn. - As of Sept. 30, Federal Express Corp.'s total employee benefit assets increased 15% from a year earlier. Defined benefit assets increased 11% during the same period; defined contribution assets increased 22.5%.
Defined benefit managers:
Domestic equities: Ashland; Barrow Hanley; Dreman; Hallmark; Miller Howard; Mitchell Group; New South; RCM; Wellington.
International equities: Oechsle; PCM; RCB; Templeton; Warburg; WorldInvest;
Domestic fixed-income: Kemper; Richmond.
International fixed-income: WorldInvest
Real estate managers: First Asset; Heitman; INVESCO.
Defined contribution managers:
Domestic equities: Vanguard.
International equities: Vanguard.
Domestic fixed-income: Vanguard.
Northern Trust is master trustee and global custodian. Gerber/Taylor and Mercer are the investment consultants.
Hewitt provides administrative and record-keeping services for the defined contribution plan.
Key personnel overseeing the investment management of the fund are Bill Gurner, manager-trust investments, and Phil Schaefgen, senior financial analyst. Overseeing the defined contribution plans are Mr. Gurner; Loren Jensen, manager-retirement administration; and Mr. Schaefgen.
Florida Power and Light
Group
($ millions)
Total assets2,460
