PFG » Topics » Pension Plan Assets

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

Pension Plan Assets

        The qualified pension plan's weighted-average asset allocations by asset category as of the two most recent measurement dates are as follows:

Asset category   December 31,
2008
  October 1,
2007
 

Domestic equity securities

    50 %   53 %

International equity securities

    17     18  

Domestic debt securities

    23     21  

Real estate

    10     8  
           
 

Total

    100 %   100 %
           

        Our investment strategy is to achieve the following:

    Obtain a reasonable long-term return consistent with the level of risk assumed and at a cost of operation within prudent levels. Performance benchmarks are monitored.

    Ensure sufficient liquidity to meet the emerging benefit liabilities for the plan.

144



Principal Financial Group, Inc.

Notes to Consolidated Financial Statements — (continued)

14. Employee and Agent Benefits — (continued)

    Provide for diversification of assets in an effort to avoid the risk of large losses and maximize the investment return to the pension plan consistent with market and economic risk.

        In administering the qualified pension plan's asset allocation strategy, we consider the projected liability stream of benefit payments, the relationship between current and projected assets of the plan and the projected actuarial liabilities streams, the historical performance of capital markets adjusted for the perception of future short- and long-term capital market performance and the perception of future economic conditions.

        The overall target asset allocation for the qualified plan assets is:

Asset category   Target allocation

Domestic equity securities

  40% - 60%

International equity securities

  5% - 20%

Domestic debt securities

  20% - 30%

International debt securities

  0% - 7%

Real estate

  3% - 10%

Other

  0% - 7%

Pension Plan Assets



        The qualified pension plan's weighted-average asset allocations by asset category as of the two most recent measurement dates are as
follows:




























































































Asset category  December 31,

2008
 October 1,

2007
 

Domestic equity securities

   50%  53%

International equity securities

   17   18 

Domestic debt securities

   23   21 

Real estate

   10   8 
      
 

Total

   100%  100%
      




        Our
investment strategy is to achieve the following:





    Obtain a reasonable long-term return consistent with the level of risk assumed and at a cost of operation
    within prudent levels. Performance benchmarks are monitored.



    Ensure sufficient liquidity to meet the emerging benefit liabilities for the plan.


144










Principal Financial Group, Inc.



Notes to Consolidated Financial Statements — (continued)



14. Employee and Agent Benefits — (continued)







    Provide for diversification of assets in an effort to avoid the risk of large losses and maximize the investment return to
    the pension plan consistent with market and economic risk.



        In
administering the qualified pension plan's asset allocation strategy, we consider the projected liability stream of benefit payments, the relationship between current and projected
assets of the plan and the projected actuarial liabilities streams, the historical performance of capital markets adjusted for the perception of future short- and long-term capital market
performance and the perception of future economic conditions.



        The
overall target asset allocation for the qualified plan assets is:














































Asset category  Target allocation

Domestic equity securities

  40% - 60%

International equity securities

  5% - 20%

Domestic debt securities

  20% - 30%

International debt securities

  0% - 7%

Real estate

  3% - 10%

Other

  0% - 7%





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

Pension Plan Assets

        The qualified pension plan's weighted-average asset allocations by asset category as of the two most recent measurement dates are as follows:

 
  October 1,
 
Asset category

 
  2007
  2006
 
Domestic equity securities   53 % 54 %
International equity securities   18   14  
Domestic debt securities   21   23  
Real estate   8   9  
   
 
 
  Total   100 % 100 %
   
 
 

        Our investment strategy is to achieve the following:

    Obtain a reasonable long-term return consistent with the level of risk assumed and at a cost of operation within prudent levels. Performance benchmarks are monitored.

    Ensure sufficient liquidity to meet the emerging benefit liabilities for the plan.

    Provide for diversification of assets in an effort to avoid the risk of large losses and maximize the investment return to the pension plan consistent with market and economic risk.

        In administering the qualified pension plan's asset allocation strategy, we consider the projected liability stream of benefit payments, the relationship between current and projected assets of the plan and the projected actuarial liabilities streams, the historical performance of capital markets adjusted for the perception of future short- and long-term capital market performance and the perception of future economic conditions.

131


Principal Financial Group, Inc.

Notes to Consolidated Financial Statements — (continued)

14. Employee and Agent Benefits — (continued)

        The overall target asset allocation for the qualified plan assets is:

Asset category

  Target allocation
 
Domestic equity securities   40% - 60 %
International equity securities   5% - 20 %
Domestic debt securities   20% - 30 %
International debt securities   0% - 7 %
Real estate   3% - 10 %
Other   0% - 7 %

Pension Plan Assets



        The qualified pension plan's weighted-average asset allocations by asset category as of the two most recent measurement dates are as follows:















































































 
 October 1,
 
Asset category

 
 2007
 2006
 
Domestic equity securities 53%54%
International equity securities 18 14 
Domestic debt securities 21 23 
Real estate 8 9 
  
 
 
 Total 100%100%
  
 
 




        Our
investment strategy is to achieve the following:





    Obtain
    a reasonable long-term return consistent with the level of risk assumed and at a cost of operation within prudent levels. Performance benchmarks are
    monitored.


    Ensure
    sufficient liquidity to meet the emerging benefit liabilities for the plan.


    Provide
    for diversification of assets in an effort to avoid the risk of large losses and maximize the investment return to the pension plan consistent with market and
    economic risk.



        In
administering the qualified pension plan's asset allocation strategy, we consider the projected liability stream of benefit payments, the relationship between current and projected
assets of the plan and the projected actuarial liabilities streams, the historical performance of capital markets adjusted for the perception of future short- and long-term capital market
performance and the perception of future economic conditions.



131








Principal Financial Group, Inc.



Notes to Consolidated Financial Statements — (continued)



14. Employee and Agent Benefits — (continued)



        The
overall target asset allocation for the qualified plan assets is:















































Asset category

 Target allocation
 
Domestic equity securities 40% - 60%
International equity securities 5% - 20%
Domestic debt securities 20% - 30%
International debt securities 0% - 7%
Real estate 3% - 10%
Other 0% - 7%





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

Pension Plan Assets

        The qualified pension plan's weighted-average asset allocations by asset category as of the two most recent measurement dates are as follows:

 
  October 1,
 
Asset category

 
  2006
  2005
 
Domestic equity securities   54 % 54 %
International equity securities   14   14  
Domestic debt securities   23   23  
Real estate   9   9  
   
 
 
  Total   100 % 100 %
   
 
 

        Our investment strategy is to achieve the following:

    Obtain a reasonable long-term return consistent with the level of risk assumed and at a cost of operation within prudent levels. Performance benchmarks are monitored.

    Ensure sufficient liquidity to meet the emerging benefit liabilities for the plan.

    Provide for diversification of assets in an effort to avoid the risk of large losses and maximize the investment return to the pension plan consistent with market and economic risk.

        In administering the qualified pension plan's asset allocation strategy, we consider the projected liability stream of benefit payments, the relationship between current and projected assets of the plan and the projected actuarial liabilities streams, the historical performance of capital markets adjusted for the perception of future short- and long-term capital market performance and the perception of future economic conditions.

        The overall target asset allocation for the qualified plan assets is:

Asset category

  Target allocation
Domestic equity securities   40% - 60%
International equity securities   5% - 15%
Domestic debt securities   20% - 30%
International debt securities   0% - 7%
Real estate   3% - 10%
Other   0% - 7%

145


Principal Financial Group, Inc.

Notes to Consolidated Financial Statements — (continued)

14.    Employee and Agent Benefits — (continued)

        For 2006 and 2005, respectively, the plan assets include none of our stock. Prior to April 30, 2005, the plan held our stock in a separate account under an annuity contract. These assets were received in the qualified defined benefit plan as a result of the 2001 demutualization. These holdings were liquidated as of April 30, 2005.

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

Pension Plan Assets

        The pension plan's weighted-average asset allocations by asset category as of the two most recent measurement dates are as follows:

 
  October 1,
 
Asset category

 
  2005
  2004
 
Domestic equity securities   54 % 57 %
International equity securities   14   10  
Domestic debt securities   23   25  
Real estate   9   8  
   
 
 
  Total   100 % 100 %
   
 
 

        Our investment strategy is to achieve the following:

    Obtain a reasonable long-term return consistent with the level of risk assumed and at a cost of operation within prudent levels. Performance benchmarks are monitored.

    Ensure sufficient liquidity to meet the emerging benefit liabilities for the plan.

    Provide for diversification of assets in an effort to avoid the risk of large losses and maximize the investment return to the pension plan consistent with market and economic risk.

        In administering the qualified pension plan's asset allocation strategy, we consider the projected liability stream of benefit payments, the relationship between current and projected assets of the plan and the projected actuarial liabilities streams, the historical performance of capital markets adjusted for the perception of future short- and long-term capital market performance and the perception of future economic conditions.

        The overall target asset allocation for the qualified plan assets is:

Asset category

  Target allocation
Domestic equity securities   40% - 60%
International equity securities   5% - 15%
Domestic debt securities   20% - 30%
International debt securities   0% - 7%
Real estate   3% - 10%
Other   0% - 7%

        For 2005 and 2004, respectively, the plan assets include zero and $26.6 million in Principal Financial Group stock held under a separate account under an annuity contract. These assets were received in the qualified defined benefit plan as a result of the demutualization. These holdings were liquidated as of April 30, 2005.

"Pension Plan Assets" elsewhere:

Allstate (ALL)
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