Time & Attendance
By Staff Report
Apr. 26, 2011
Ford Motor Co., based in Dearborn, Michigan, contributed $300 million to its automotive division pension plans in the first quarter, the company announced on April 26.
Ford contributed the same amount in the first quarter of 2010.
According to its 2010 10-K, filed Feb. 28, Ford expects to contribute a total of $1.6 billion to its worldwide pension plans in 2011—$1.2 billion to automotive division pension plans and the remainder to make direct benefit payments.
As of Dec. 31, 2011, the asset allocation of Ford’s U.S. plans was 45.5 percent fixed income; 43 percent equities; 7.1 percent hedge funds; 3.7 percent private equity; 0.4 percent cash and other; and 0.3 percent real estate. Asset allocation for the non-U.S. plan as of Dec. 31, 2011, was 37.8 percent equities; 34.4 percent fixed income; 23.7 percent cash and other; 3.8 percent hedge funds; 0.2 percent private equity; and 0.1 percent real estate.
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