State Farm Insurance Cos.
($ millions)
Total assets4,891
Defined benefit3,553
Total defined contribution1,338
Internally managed assets:
Defined benefit3,482
Defined contribution1,338
BLOOMINGTON, Ill. - As of Sept. 30, State Farm Insurance Cos.' total employee benefit assets increased 7.4% from a year earlier. Defined benefit assets increased 5% during the same period; defined contribution assets increased 11.5%.
Equity managers: Domestic - Dimension Group; Dimensional Fund Advisors.
The key person overseeing the investment management of the fund is Kurt G. Moser, vice president-investments.
Teachers Insurance and
Annuity Association-College
Retirement Equities Fund
($ millions)
Total assets124,331
Total defined contribution124,331
Employer DC contributions3,843
Internally managed assets:
Defined contribution124,331
Defined contribution asset mix:
Other stock42.3%
Fixed income28.8%
Cash equivalents4.4%
Real estate equity5.6%
Mortgages16.5%
Other2.4%
NEW YORK - As of Sept. 30, TIAA-CREF's total employee benefit assets increased 14.9%. All assets are defined contribution.
The master trustees for TIAA are: Citibank and Morgan Guaranty; for CREF, Bankers Trust and Morgan Guaranty. The global custodians are Chase and Bankers Trust.
Key personnel overseeing the investment management of the fund for TIAA are J. Daniel Lee, executive vice president, and David B. Bullett and John A. Somers, senior vice presidents. Key personnel for CREF are James S. Martin, executive vice president; Virgil H. Cumming, senior vice president and director of global active management; and Douglas A. Dial, director of global research.
Teamsters, Central States,
Southeast and Southwest
Areas Pension Fund
($ millions)
Total assets12,891
Defined benefit12,891
Employer DB contributions816
Benefit payments1,232
Hedging devices used:
Stock options
Stock index futures
Fixed-income futures
Defined benefit asset mix:
Stocks38.6%
Fixed income46.0%
Cash equivalents15.4%
ROSEMONT, Ill. - As of Sept. 30, the Teamsters, Central States, Southeast and Southwest Areas Pension Fund's total employee benefit assets increased 9% from a year earlier. All assets are defined benefit.
The master trustee is Mellon Bank.
Morgan Stanley & Co. is the named fiduciary and manages investment policy and selects investment mangers.
Key personnel overseeing the investment management of the fund are Robert M. Warner, director-financial services, and Mark F. Angerame, financial group manager.
Teamsters, Western
Conference Pension Trust
($ millions)
Total assets*13,268
Defined benefit13,268
Employer DB contributions621
Benefit payments801
*as of Aug. 31, 1993
Hedging devices used:
Bond options
Fixed-income futures
Defined benefit asset mix:
Stocks25.4%
Fixed income58.8%
Cash equivalents0.7%
GICs/BICs0.4%
Annuities8.4%
Real estate equity4.8%
Mortgages1.5%
SEATTLE - As of Aug. 31, the Teamsters, Western Conference Pension Trust's total employee benefit assets - all defined benefit - increased 12.9% from a year earlier.
Equity managers: Goldman Sachs; Mellon Capital; PIMCO.
Fixed-income managers: PIMCO; Prudential.
Real estate managers: Aetna; AEW; Phoenix Home; Prudential.
GIC managers: Pacific Mutual; Travelers.
The investment consultant is Alan D. Biller.
Key personnel overseeing the investment management of the fund are Joseph Ballew, chairman, and Owen Bennett, co-chairman.
Tenneco Inc.
($ millions)
Total assets3,893
Defined benefit2,760
401(k)1,133
Internally managed assets:
Defined contribution980
Hedging devices used:
Stock index futures
Defined benefit asset mix:
Stocks66%
Fixed income32%
Cash equivalents1%
Mortgages1%
Defined contribution asset mix:
Company stock30%
Other stock12%
Fixed income2%
Cash equivalents56%
HOUSTON - As of Sept. 30, Tenneco Inc.'s total employee benefit assets increased 10.8% from a year earlier. Defined benefit assets increased 10.1% during the same period; defined contribution assets increased 12.4%.
Equity managers: Domestic - Capstone; Delaware; Fidelity; Glickenhaus; Hotchkis & Wiley; Husic; IDS; LaSalle Street; McStay; J.P. Morgan; Morgan Stanley; Nicholas-Applegate; Fayez Sarofim.
International - Deutsche; Morgan Stanley.
Fixed-income managers: Domestic - Capstone; Fidelity; Fisher Francis; J.P. Morgan; STW; State Street Bank; State Street Research.
International - J.P. Morgan.
Other managers: Bridge Capital.
The master trustee and global custodian is Bankers Trust; the investment consultant is Callan.
The key person overseeing the investment management of the fund is Richard A. Robinson, executive director-investments.
