PFG » Topics » Information for pension plans with an accumulated benefit obligation in excess of plan assets:

These excerpts taken from the PFG 10-K filed Feb 18, 2009.

Information for pension plans with an accumulated benefit obligation in excess of plan assets:

        For 2008, both the qualified and nonqualified plans had accumulated benefit obligations in excess of plan assets. For 2007, the obligations below relate only to the nonqualified pension plan liabilities. As noted previously, the nonqualified plans have assets that are deposited in trusts that fail to meet the U.S. GAAP requirements to be included in plan assets; however, these assets are included in our consolidated statements of financial position.

 
  December 31,  
 
  2008   2007  
 
  (in millions)
 

Projected benefit obligation

  $ 1,712.1   $ 310.6  

Accumulated benefit obligation

    1,535.8     239.1  

Fair value of plan assets

    1,010.5     1,597.6  

Information for pension plans with an accumulated benefit obligation in excess of plan assets:



        For 2008, both the qualified and nonqualified plans had accumulated benefit obligations in excess of plan assets. For 2007, the
obligations below relate only to the nonqualified pension plan liabilities. As noted previously, the nonqualified plans have assets that are deposited in trusts that fail to meet the U.S. GAAP
requirements to be included in plan assets; however, these assets are included in our consolidated statements of financial position.


































































 
 December 31,  
 
 2008  2007  
 
 (in millions)
 

Projected benefit obligation

  $1,712.1  $310.6 

Accumulated benefit obligation

   1,535.8   239.1 

Fair value of plan assets

   1,010.5   1,597.6 




These excerpts taken from the PFG 10-K filed Feb 27, 2008.

Information for pension plans with an accumulated benefit obligation in excess of plan assets:

        The obligations below relate only to the nonqualified pension plan liabilities. As noted previously, the nonqualified plans have assets that are deposited in trusts that fail to meet the U.S. GAAP requirements to be included in plan assets; however, these assets are included in our consolidated statements of financial position.

 
  December 31,
 
  2007
  2006
 
  (in millions)

Projected benefit obligation   $ 310.6   $ 275.6
Accumulated benefit obligation     239.1     216.4

128


Principal Financial Group, Inc.

Notes to Consolidated Financial Statements — (continued)

14. Employee and Agent Benefits — (continued)

Information for pension plans with an accumulated benefit obligation in excess of plan assets:




        The obligations below relate only to the nonqualified pension plan liabilities. As noted previously, the nonqualified plans have assets that are deposited in
trusts that fail to meet the U.S. GAAP requirements to be included in plan assets; however, these assets are included in our consolidated statements of financial position.








































 
 December 31,
 
 2007
 2006
 
 (in millions)

Projected benefit obligation $310.6 $275.6
Accumulated benefit obligation  239.1  216.4



128








Principal Financial Group, Inc.



Notes to Consolidated Financial Statements — (continued)




14. Employee and Agent Benefits — (continued)



This excerpt taken from the PFG 10-K filed Feb 28, 2007.

Information for pension plans with an accumulated benefit obligation in excess of plan assets:

        The obligations below relate only to the nonqualified pension plan liabilities. As noted previously, the nonqualified plans have assets that are deposited in trusts that fail to meet the requirements to be included in plan assets; however, these assets are included in our consolidated statements of financial position.

 
  December 31,
 
  2006
  2005
 
  (in millions)
Projected benefit obligation   $ 275.6   $ 255.7
Accumulated benefit obligation     216.4     203.9

        Information for other postretirement benefit plans with an accumulated postretirement benefit obligation in excess of plan assets:

 
  December 31,
 
  2006
  2005
 
  (in millions)
Accumulated postretirement benefit obligation   $ 2.1   $ 2.3
Fair value of plan assets     2.0     1.6

142


Principal Financial Group, Inc.

Notes to Consolidated Financial Statements — (continued)

14.    Employee and Agent Benefits — (continued)

This excerpt taken from the PFG 10-K filed Mar 2, 2006.

Information for pension plans with an accumulated benefit obligation in excess of plan assets:

        The obligations below relate only to the nonqualified pension plan liabilities. As noted previously, the nonqualified plans have assets that are housed in trusts that fail to meet the requirements to be included in plan assets under SFAS 87; however, these assets are included in our consolidated statements of financial position.

 
  December 31,
 
  2005
  2004
 
  (in millions)

Projected benefit obligation   $ 255.7   $ 233.3
Accumulated benefit obligation     203.9     179.6
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki