1 QUARTERLY REPORT SECOND QUARTER 2012. 2 Table of Contents Topic Section Pages Plan Overview 1 3-16...

1

QUARTERLY REPORTQUARTERLY REPORTSECOND QUARTER 2012SECOND QUARTER 2012

2

Table of Contents

Topic Section Pages

Plan Overview 1 3-16

Administrative Overview 2 17-28

Local Office Activity 3 29-36 Appendix 4 37-41

3

Plan Overview

4

Assets

$2,987,642,934

$3,174,274,111

$3,422,999,275$3,391,616,360

3Q11 4Q11 1Q12 2Q12

Net Asset Change 3Q 2011 4Q 2011 1Q 2012 2Q 2012Beginning Balance $3,289,226,523 $2,987,642,934 $3,174,274,111 $3,422,999,275Deposits $69,494,955 $67,139,785 $54,596,622 $87,126,978Net Transfers ($178,354) $192,055 ($298,000) $306,500Fees ($466,440) ($487,094) ($541,050) ($549,163)Distributions ($51,451,182) ($46,014,197) ($56,756,751) ($57,341,889)Change in Value ($323,642,426) $150,936,791 $232,531,902 ($61,414,071)Interest/Dividends $4,659,858 $14,863,837 $4,882,882 $488,730Ending Balance $2,987,642,934 $3,174,274,111 $3,422,999,275 $3,391,616,360Outstanding Loans $133,716,083 $138,622,226 $140,528,119 $142,992,486Total Assets Including Loans Outstanding $3,121,359,017 $3,312,896,337 $3,563,527,394 $3,534,608,846

Total Assets in Ending Balance As Roth Balances $316,842 $1,012,995 $2,024,773 $3,147,055

5

Quarter End Assets

Total Assets =$ 3,391,616,360Details on page 38

$0.00

$200,000,000.00

$400,000,000.00

$600,000,000.00

$800,000,000.00

$1,000,000,000.00

$1,200,000,000.00

Ultra A

ggressive Profile P

ortfolio

Aggressive P

rofile Portfolio

Moderate P

rofile Portfolio

Conservative P

rofile Portfolio

Ultra C

onservative Profile P

ortfolio

Fidelity D

iversified International

DW

S E

AF

E E

quity Index -

Institutional

SS

GA

Russell S

mall C

ap Index NL

Series S

DC

P M

id Cap F

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P Large C

ap Fund

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P B

ond Fund

Deferred C

ompensation S

table V

alue

JPM

organChase C

ertificates of D

eposit

FD

IC -

Insured Savings A

ccount

Schw

ab Self

-Directed

6

Historical Assets

$1,382,120,173

$3,391,616,360

$0.00

$500,000,000.00

$1,000,000,000.00

$1,500,000,000.00

$2,000,000,000.00

$2,500,000,000.00

$3,000,000,000.00

$3,500,000,000.00

$4,000,000,000.00

7

Quarter End Participants

28,855 28,647 28,674 28,717

11,510 11,701 11,675 11,611

3Q11 4Q11 1Q12 2Q12

Contributing Participants Non-Contributing Participants

3Q11 4Q11 1Q12 2Q12Contributing Participants 28,855 28,647 28,674 28,717Non-Contributing Participants 11,510 11,701 11,675 11,611Total Participants 40,365 40,348 40,349 40,328

New Participants Added 262 175 211 227

Average Bi-Weekly Deferral for the quarter $314 $338 $317 $375

Median Account Balance $32,978 $35,564 $38,401 $37,898Participants contributing to Roth source 451 678 892 1,012Average Roth Deferral for the quarter $282 $240 $164 $196

8

Historical Participants

25,855

40,328

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

18,000

20,000

22,000

24,000

26,000

28,000

30,000

32,000

34,000

36,000

38,000

40,000

42,000

44,000

9

Net Cash Flow

Net Cash Flow Detail can be found on page 40

$4

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10

Participant Transfer Activity

$10,559,723

$11,115,962

$10,435,035

$7,744,861

$6,557,718

$2,151,179

$650,844

$16,131,020

$93,028,820

$1,083,373

$1,908,695

$1,044,149

$220,237

$1,144,874,201

$13,671,585

$2,693,810

$224,797,906

$1,988,391

$1,374,336

$55,674,578

$38,969,169

$0

$16,932,808

($7,591,003)

($9,391,756)

($6,719,130)

($3,973,974)

($5,183,584)

($5,631,736)

($1,418,807)

($17,967,104)

($6,851,309)

($31,657,654)

($58,233,511)

($230,967,245)

($142,585,736)

($48,511,183)

($286,068,467)

($489,016,376)

($13,658,486)

($117,506,469)

($93,269,863)

($51,568,650)

($30,935,632)

($906,035)

($3,688,193)

Ultra Aggressive Prof ile Portfolio

Aggressive Prof ile Portfolio

Moderate Prof ile Portfolio

Conservative Prof ile Portfolio

Ultra Conservative Prof ile Portfolio

Fidelity Diversif ied International

DWS EAFE Equity Index

SSGA Russell Small Cap Index NL Series S

DCP Mid Cap Fund

Lazard Mid Cap Fund

Vanguard Mid Cap Index - Inst'l

American Funds Growth Fund R6

American Funds Invstmnt Company of America R6

DCP Large Cap Fund

Hartford Capital Appreciation HLS IA

Vanguard Institutional Index Plus

DCP Bond

PIMCO Total Return Fund - Inst

Vanguard Total Bond Market Index Inst'l Plus

FDIC - Insured Savings Account

Deferred Compensation Stable Value

JPMorganChase Certif icates of Deposit

Schwab Self -Directed

Transfers Out Transfers In

11

Net Transfer Activity

$2,968,721

$1,724,206

$3,715,905

$3,770,887

$1,374,134

($3,480,557)

($767,963)

($1,836,084)

$86,177,511

($30,574,281)

($56,324,815)

($229,923,096)

($142,365,498)

$1,096,363,018 ($272,396,883)

($486,322,566)

$211,139,420

($115,518,078)($91,895,527)

$4,105,928

$8,033,537

($906,035)

$13,244,615

Ultra Aggressive Prof ile Portfolio

Aggressive Prof ile Portfolio

Moderate Prof ile Portfolio

Conservative Prof ile Portfolio

Ultra Conservative Prof ile Portfolio

Fidelity Diversif ied International

DWS EAFE Equity Index

SSGA Russell Small Cap Index NL Series S

DCP Mid Cap Fund

Lazard Mid Cap Fund

Vanguard Mid Cap Index - Inst'l

American Funds Growth Fund R6

American Funds Invstmnt Company of America R6

DCP Large Cap Fund

Hartford Capital Appreciation HLS IA

Vanguard Institutional Index Plus

DCP Bond

PIMCO Total Return Fund - Inst

Vanguard Total Bond Market Index Inst'l Plus

FDIC - Insured Savings Account

Deferred Compensation Stable Value

JPMorganChase Certif icates of Deposit

Schwab Self -Directed

Net Transfer Out Net Transfer In

12

Asset Allocation by Asset Class

Prof ile Portfolios

International Small/Mid Cap Blend

Large-Cap Bond Stable Value

Fund Fixed Bank

Fund Self -Directed

Total Assets $420,122,142 $153,742,068 $212,851,872 $1,090,828,9 $214,817,210 $797,933,196 $306,598,602 $194,722,307

Participants 22,230 12,180 13,631 21,265 10,005 12,935 10,196 1,956

$0

$200,000,000

$400,000,000

$600,000,000

$800,000,000

$1,000,000,000

$1,200,000,000

13

Asset Allocation by Asset Class as Percent of Total

Profile Portfolios, 12%

International, 5%

Small/Mid Cap Blend, 6%

Large-Cap, 32%Bond, 6%

Stable Value, 24%

Fixed Bank, 9%

Self-Directed, 6%

Profile Portfolios International

Small/ M id Cap Blend Large-Cap Bond Stable Value Fixed Bank Self-Directed

at 9/ 30/ 11 11.1% 4.8% 5.9% 31.4% 6.5% 24.7% 10.4% 5.2%at 12/ 31/ 11 11.5% 4.7% 6.2% 32.4% 6.3% 23.8% 9.9% 5.2%at 03/ 31/ 12 11.8% 4.8% 6.5% 33.9% 6.0% 22.6% 8.9% 5.5%at 06/ 30/ 12 12.4% 4.5% 6.3% 32.3% 6.3% 23.5% 9.0% 5.7%

14

Contribution Allocation by Asset Class

Profile Portfolios International Small/Mid Cap Blend Large Cap Bond Stable Value Fixed Bank Fund Self-Directed

Total Contribution Dollars $14,035,889 $4,002,528 $5,369,974 $19,143,332 $4,176,907 $9,454,861 $5,237,974 $2,103,498

Total Participant Count 22,230 12,180 13,631 21,265 10,005 1,295 10,196 3,850

Roth Contribution Dollars $323,475.01 $79,500.07 $154,485.56 $268,199.62 $87,464.96 $125,289.38 $70,440.51 $83,085.98

Roth Participant Count 792 331 460 442 237 212 104 58

$0

$5,000,000

$10,000,000

$15,000,000

$20,000,000

$25,000,000

15

Contribution Allocation by Asset Class by Pct of Total

Prof ile Portfolios, 22%

International, 6%

Small/Mid Cap Blend, 9%

Large-Cap, 30%

Bond, 7%

Stable Value, 15%

Fixed Bank, 8%

Self -Directed, 3%

Profile Portfolios International

Small/ M id Cap Blend Large-Cap Bond Stable Value Fixed Bank Self-Directed

at 9/ 30/ 11 20.4% 7.0% 9.0% 31.7% 6.3% 14.1% 8.5% 3.0%at 12/ 31/ 11 21.4% 6.7% 8.5% 31.4% 6.2% 14.1% 8.6% 3.1%at 03/ 31/ 12 21.3% 6.5% 8.5% 30.6% 6.4% 14.9% 8.6% 3.2%at 06/ 30/ 12 22.2% 6.3% 8.5% 30.0% 6.6% 14.8% 8.2% 3.4%

16

Average Account Balance

$74,101

$78,639

$84,836$84,057

3Q11 4Q11 1Q12 2Q12

CATEGORY # Of Ppts Percent BALANCE Percent

Less Than $25,000 16,238 40.3% 161,278,254 4.8%$25,001-$50,000 6,550 16.2% 236,224,940 7.0%$50,001-$75,000 3,655 9.1% 225,602,024 6.7%

$75,001-$100,000 2,672 6.6% 232,372,835 6.9%$100,001-$125,000 2,008 5.0% 224,702,534 6.6%$125,001-$150,000 1,632 4.0% 223,916,783 6.6%$150,001-175,000 1,403 3.5% 227,471,403 6.7%

$175,001-$200,000 1,138 2.8% 212,848,026 6.3%$200,001-$300,000 2,965 7.4% 716,910,692 21.1%$300,001-$400,000 1,088 2.7% 372,760,818 11.0%$400,001-$500,000 434 1.1% 192,047,790 5.7%$500,001-$600,000 241 0.6% 130,672,789 3.9%$600,001-$700,000 119 0.3% 77,060,188 2.3%$700,001-$800,000 85 0.2% 63,253,754 1.9%$800,001-$900,000 45 0.1% 38,368,323 1.1%

$900,001-$1,000,000 32 0.1% 30,302,170 0.9%over $1,000,001 22 0.1% 25,823,035 0.8%

Total 40,327 100% $3,391,616,360 100%

17

Administrative Overview

Distributions by Dollar and Ppt

18Full details regarding distributions (including loan information) are found on the next page.

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2,000

SEP SERVICE/ RETIREMENT

HARDSHIP PLAN TO PLAN TRANSFER

SERVICE CREDITS

MINIMUM DISTRIBUTIONS

DEATH OTHER

Participant Counts

Periodic Installments

Partial Withdrawals

Full Withdrawals

$0

$5,000,000

$10,000,000

$15,000,000

$20,000,000

$25,000,000

$30,000,000

$35,000,000

$40,000,000

SEP SERVICE/ RETIREMENT

HARDSHIP PLAN TO PLAN TRANSFER

SERVICE CREDITS

MINIMUM DISTRIBUTIONS

DEATH OTHER

Dollar Amounts

Periodic Installments

Partial Withdrawals

Full Withdrawals

Distribution Detail

19

FULL DISTRIBUTIONS Distribution Amounts Percent Participant Count Percent Average Withdrawal

TOTALS $17,321,326.10 100.0% 243 100.0% $71,281.18CEDO/QDRO 282,557.95 1.6% 10 4.1% 28,255.80 DEATH 1,307,814.49 7.6% 20 8.2% 65,390.72 DEMINIMUS 5,204.26 0.0% 3 1.2% 1,734.75 HARDSHIP 0.00 0.0% 0 0.0% n/aPLAN TO PLAN TRANSFER 0.00 0.0% 0 0.0% n/aRETIREMENT 12,539,183.19 72.4% 139 57.2% 90,209.95 SEP SERVICE 3,186,566.21 18.4% 71 29.2% 44,881.21

PARTIAL DISTRIBUTIONSTOTALS $34,203,837.49 100.0% 2,133 100.0% $16,035.55

CEDO/QDRO 148,837.96 0.4% 12 0.6% 12,403.16 DEMINIMUS 0.00 0.0% 0 0.0% n/aDEATH 357,125.98 1.0% 13 0.6% 27,471.23 HARDSHIP 959,067.85 2.8% 103 4.8% 9,311.34 LOAN 17,376,721.24 50.8% 1,485 69.6% 11,701.50 MINIMUM DISTRIBUTIONS 81,969.21 0.2% 17 0.8% 4,821.72 PLAN TO PLAN TRANSFER 14,357.60 0.0% 2 0.1% 7,178.80 RETIREMENT 12,924,463.40 37.8% 342 16.0% 37,790.83 SEP SERVICE 1,758,681.18 5.1% 60 2.8% 29,311.35 EXTERNAL TRANSFERS 3,843.35 0.0% 1 0.0% 3,843.35 SERVICE CREDITS 578,769.72 1.7% 98 4.6% 5,905.81

PERIODIC INSTALLMENTSTOTALS $5,816,725.58 100.0% 1,586 100.0% $3,667.54

CEDO/QDRO 14,325.00 0.2% 4 0.3% 3,581.25 DEATH 233,344.30 4.0% 65 4.1% 3,589.91 MINIMUM DISTRIBUTIONS 737,080.35 12.7% 292 18.4% 2,524.25 RETIREMENT 4,831,975.93 83.1% 1,225 77.2% 3,944.47 70 1/2 INSER 0.00 0.0% 0 0.0% n/a

20

Rollovers Out & Into the Plan

40,311,396

50,108,853

36,722,632

(65,211,132)

(59,992,829)

(35,487,081)

(80,000,000) (60,000,000) (40,000,000) (20,000,000) 0 20,000,000 40,000,000 60,000,000

Calendar Year 2010

Calendar Year 2011

Calendar Year 2012

Rollovers Out Rollovers In

Rollovers to IRA Summary by Top Ten Providers by Dollars

21The top 10 providers represent 64% of total assets withdrawn and rolled to an IRA in 2Q 2012.

$-

$500,000.00

$1,000,000.00

$1,500,000.00

$2,000,000.00

$2,500,000.00

$0.00

$5,000,000.00

$10,000,000.00

$15,000,000.00

$20,000,000.00

$25,000,000.00

TOP TEN ALL PROVIDERS

Loan Overview

22

10,832

11,839 11,70911,169 11,171 11,283

5,116 4,980 5,264 5,276 5,394 5,372

690 751 732 719 709 752

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

One Outstanding Loan Two Outstanding Loans Defaulted Loans

Loan Balance Details for Active LoansTotal Balance of Outstanding Loans as of June 30, 2012: $137,411,587.79

Average Balance of Outstanding Loans as of June 30, 2012: $8,250.47Total Balance of Defaulted Loans as of June 30, 2012: $3,910,548.21

Historical data found on page 24.

Loan Highlights by Year

23

Average New Loan Initiations 2010: 4622011: 4752012: 460

Average Outstanding Loans 2010: 12,9312011: 14,7672012: 16,568

Historical data found on page 24.

0

100

200

300

400

500

600


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0

37

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Loan Initiations 2010 2011 2012

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

18,000


11

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Outstanding Loans

Loan Details

24

Year JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC TOTAL YTD2008 184 176 213 319 593 404 405 406 439 440 290 315 4,1842009 312 294 311 336 369 449 427 487 474 476 460 412 4,8072010 380 376 496 450 490 514 459 548 488 428 468 451 5,5482011 387 415 501 438 510 508 484 557 459 465 484 487 5,6952012 395 386 495 501 496 488 2,761

Year JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC2008 5,851 5,913 6,015 6,117 6,264 6,382 6,521 6,673 6,838 7,043 7,170 7,2842009 7,388 7,480 7,622 7,719 7,810 7,945 8,035 8,157 8,317 8,495 8,640 8,7662010 8,801 8,901 9,011 9,097 9,253 9,383 9,480 9,626 9,730 9,852 10,007 10,1312011 9,783 9,885 9,957 9,871 9,697 10,027 10,197 10,298 10,372 10,291 10,236 10,4072012 10,832 11,839 11,709 11,169 11,171 11,283

Year JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC2008 34 41 66 164 507 698 862 1,018 1,204 1,362 1,456 1,5712009 1,674 1,776 1,867 2,018 2,086 2,211 2,335 2,458 2,562 2,693 2,839 2,9532010 2,923 3,000 3,109 3,201 3,287 3,403 3,516 3,675 3,792 3,890 3,997 4,1062011 4,020 4,116 4,193 4,326 4,378 4,506 4,706 4,914 4,973 5,249 5,360 5,4382012 5,116 4,980 5,264 5,276 5,394 5,372

Year JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC2008 5,885 5,954 6,081 6,281 6,771 7,080 7,383 7,691 8,042 8,405 8,626 8,8552009 9,062 9,256 9,489 9,737 9,896 10,156 10,370 10,615 10,879 11,188 11,479 11,7192010 11,724 11,901 12,120 12,298 12,540 12,786 12,996 13,301 13,522 13,742 14,004 14,2372011 13,803 14,001 14,150 14,197 14,075 14,533 14,903 15,212 15,345 15,540 15,596 15,8452012 15,948 16,819 16,973 16,445 16,565 16,655

Year JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC2008 219 212 231 225 220 251 245 241 264 262 262 3062009 303 292 321 318 311 367 362 354 381 377 371 4502010 428 419 497 476 468 527 544 537 637 619 608 5972011 596 586 639 620 615 639 630 618 664 664 744 7312012 690 751 732 719 709 752

LOANS INITIATED

PARTICIPANTS WITH ONE OUTSTANDING LOAN

PARTICIPANTS WITH MORE THAN ONE OUTSTANDING LOAN

TOTAL OUTSTANDING LOANS

LOANS IN DEFAULTED STATUS

25

Hardships

Approved, 82

Denied , 4

Pending Documentation, 5

Hardships Processed During Quarter

No Qualifying Event, 3

Denial Reasons

Prevention of Eviction, 31

Prevention of Foreclosure, 31

Loss of Income/ Illness, 12

Loss of Income/ Injury, 1

Uninsured Medical Expenses, 6

Distribution Reasons

26

Keytalk® Statistics

Total Logins Keytalk: 10,495

259

54

172

4

130

7

1,64

8

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

Internet Statistics

27

Total Logins Internet: 175,216Average Logins Internet Monthly: 58,405Average Distinct Users Monthly: 10,184

49,8

52

1,40

9

14,1

25

1,51

7

2,31

7

3,61

3

30,5

52

0

10,000

20,000

30,000

40,000

50,000

60,000

Online Statement Delivery Statistics

28

Quarter Ending Online Statements Total Statements Percentage Utilization12/31/2011 2,369 40,348 5.87%3/31/2012 2,348 40,566 5.79%6/30/2012 2,918 40,582 7.19%

29

Local Office Activity

• 2nd Quarter

• Talked or met with over 4,900 participants

• Popular topics: Accrued Leave, DROP Roll-in’s, Loans, Distribution Requests and concerns regarding the Investment Menu Changes.

Participant contact is total number of employees and participants that we have talked with either in person or over the phone through group meetings and individual counseling sessions.

Total Participant Contact

30

1,4241,773

2,140 2,038

1,399 1,467

Monthly

-

1,000

2,000

3,000

4,000

5,000

Jun-09 Sep-09 Dec-09 Mar-10 Jun-10 Sep-10 Dec-10 Mar-11 Jun-11 Sep-11 Dec-11 Mar-12 Jun-12

Total ParticipantContact

Number of Meetings/Facility Visits

• Topics

• Investment Menu Change Meetings Citywide, continued Table Service at DWP, Harbor Department, and Personnel Building, NEO’s at Police.

• Retirement Seminars at both LACERS and DWP with expanded visits to LACERS Retirement Presentations.

This number includes table service, group

meetings and educational seminars.

31

7

20 20 22

9 12

Monthly

-

5

10

15

20

25

30

35

40


Group Meetings/Facility Visits

Type of Meetings-Year-To-Date

32

6

10

6

9

16

20

23

DROP Educational Seminar Mid Career New Employee Orientation

Plan Update Retirement Table Service

Group Meetings by Department-YTD

33

Department Meetings Attendees Individual Sessions EnrollmentsConvention Center 1 48 14DWP 33 1,010 392 52Fire 1 9 6General Services 2 19 12 1Harbor 3 89 70 12LACERS 14 625 94LAPPL 1 220 54LAWA 4 94 28 5Personnel 15 290 179 14Police 9 293 118 85PW-Sanitation 6 84 54 9PW-Street Maintenance 1 12 4Grand Total 90 2,793 1,025 178

Number of Attendees at Group Meetings

• Investment Menu Change

• 325 participant’s attended at various City locations along with DWP.

• PW-Sanitation

• Table Service at HQ and Hyperion Treatment Center.

• DWP JFB

• Continued New Employee Orientations.

34

217

483

702 779

282 330

Monthly

-

200

400

600

800

1,000

1,200

1,400


Group Attendees

Individual Counseling Sessions

Counseling Session Topics

• Investment Menu Changes

• Purchase Service Credit

• How to Enroll in Self Directed Brokerage Account

• Loans

• Accrued Leave

Individual counseling sessions include counseling conducted at City Hall, and any other location, such as at table service.

35

310

434

514468

328321

Monthly

-

100

200

300

400

500

600

700


Total Individual Sessions

Local Office Phone Calls

Local Office Calls

• Continued reduced volumes to Glendale Office due to enhanced voice response system

• Local office averaging just under 500 calls a month

City Hall Service Center

• Steady volume just over 325 calls a month

• Concerns with Investment Menu Changes

• Distribution paperwork

• Market concerns

36

897 856

924

791 789 816

Monthly

-

500

1,000

1,500

2,000

2,500

3,000

3,500


Local Phone Calls

37

Appendix

38

Asset Distribution

Asset Class/Fund Nameat 9/30/11 at 12/31/11 at 03/31/12 at 06/30/12

Amount PCT Accounts Amount PCT Accounts Amount PCT Accounts Amount PCT Accounts

Profile Portfolios

Ultra Aggressive Profile Portfolio $25,316,598 0.8% 2,088 $27,523,059 0.9% 2,397 $33,463,750 1.0% 2,474 $36,536,769 1.08% 2,828

Aggresive Profile Portfolio $111,164,320 3.7% 7,747 $122,026,142 3.8% 8,020 $135,727,854 4.0% 8,044 $137,245,367 4.05% 8,332

Moderate Profile Portfolio $130,440,389 4.4% 7,003 $140,191,229 4.4% 7,143 $154,834,610 4.5% 7,139 $158,237,233 4.67% 7,345

Conservative Profile Portfolio $45,893,693 1.5% 2,214 $51,087,721 1.6% 2,351 $53,430,323 1.6% 2,406 $57,774,245 1.70% 2,645

Ultra Conservative Profile Portfolio $18,873,965 0.6% 722 $24,217,648 0.8% 782 $27,803,212 0.8% 865 $30,328,527 0.89% 1,080

Profile Portfolios $331,688,965 11.1% 19,774 $365,045,798 11.5% 20,693 $405,259,750 11.8% 20,928 $420,122,142 12.4% 22,230

International

DWS EAFE Equity Index Fund $27,774,537 0.9% 3,230 $28,787,248 0.9% 3,216 $31,576,992 0.9% 3,199 $29,176,357 0.9% 3,114

Fidelity Diversified International Fund $116,199,921 3.9% 9,749 $120,755,663 3.8% 9,617 $134,345,472 3.9% 9,434 $124,565,711 3.7% 9,066

International $143,974,458 4.8% 12,979 $149,542,911 4.7% 12,833 $165,922,465 4.8% 12,633 $153,742,068 4.5% 12,180

Small/Mid Cap Blend

SSGA Russell Small Cap Index NL Series S $104,927,833 3.5% 9,038 $120,342,862 3.8% 9,278 $133,855,775 3.9% 9,182 $128,733,048 3.8% 8,982

Lazard Mid Cap Fund $26,648,468 0.9% 2,397 $29,143,847 0.9% 2,595 $31,018,684 0.9% 2,539 $0 0.0% 0

Vanguard Mid Cap Index - Inst'l $43,618,682 1.5% 1,864 $49,719,359 1.6% 2,600 $57,240,940 1.7% 2,686 $0 0.0% 0

DCP Mid Cap Fund $84,118,824 2.5% 4,649

Small/Mid Cap Blend $175,194,983 5.9% 13,299 $199,206,068 6.3% 14,473 $222,115,400 6.5% 14,407 $212,851,872 6.3% 13,631

Large-Cap

American Funds Growth Fund of America R6 $195,883,991 6.6% 9,469 $210,675,938 6.6% 9,314 $235,300,502 6.9% 9,148 $0 0.0% 0

American Funds Investment Company of America R6 $122,603,138 4.1% 6,052 $134,861,236 4.2% 6,001 $145,201,383 4.2% 5,913 $0 0.0% 0

Hartford Capital Appreciation HLS IA $226,765,757 7.6% 11,407 $243,871,011 7.7% 11,320 $279,246,005 8.2% 11,060 $0 0.0% 0

Vanguard Institutional Index Fund Plus $393,603,981 13.2% 14,698 $438,711,880 13.8% 14,579 $495,662,318 14.5% 14,444 $0 0.0% 0

DCP Large Cap Fund $1,090,828,964 32.2% 21,265

Large-Cap $938,856,868 31.4% 57,748 $1,028,120,065 32.4% 41,214 $1,155,410,207 33.8% 40,565 $1,090,828,964 32.2% 21,265

Bond

Vanguard Total Bond Index Inst'l Plus $83,070,325 2.2% 6,340 $89,197,239 2.3% 6,376 $90,616,090 2.8% 6,508 $0 0.0% 0

PIMCO Total Return - Inst $110,725,843 3.7% 5,705 $109,362,267 3.4% 5,813 $114,007,777 3.3% 5,785 $0 0.0% 0

DCP Bond Fund $214,817,210 6.3% 10,005

Bond $193,796,169 6.5% 18,234 $198,559,506 6.3% 12,189 $204,623,867 6.0% 12,293 $214,817,210 6.3% 10,005

Stable Value Fund

Deferred Compensation Stable Value Fund $737,402,286 24.7% 12,381 $754,153,708 23.8% 12,477 $774,298,067 22.6% 12,650 $797,933,196 23.5% 12,935

Stable Value Fund $737,402,286 24.7% 12,381 $754,153,708 23.8% 12,477 $774,298,067 22.6% 12,650 $797,933,196 23.5% 12,935

Fixed Bank Fund

Washington Mutual CD's $12,044,393 0.4% 532 $12,059,236 0.4% 443 $10,434,281 0.3% 379 $9,571,143 0.3% 306

FDIC Insured Savings Option $299,399,418 10.0% 10,181 $302,388,361 9.5% 9,985 $294,977,858 8.6% 10,112 $297,027,459 8.8% 9,890

Fixed Bank Fund $311,443,811 10.4% 10,713 $314,447,598 9.9% 10,428 $305,412,138 8.9% 10,491 $306,598,602 9.0% 10,196

Self-Directed

Schwab Self-Directed $155,285,396 5.2% 1,624 $165,198,458 5.2% 1,721 $189,957,381 5.5% 1,769 $194,722,307 5.7% 1,956

Self-Directed $155,285,396 5.2% 1,624 165198457.8 5.2% 1,721 $189,957,381 5.5% 1,769 $194,722,307 5.7% 1,956

Grand Total $2,987,642,934 100.0% 146,752 $3,174,274,110 100.0% 126,028 $3,422,999,275 100.0% 125,736 $3,391,616,359 100.0% 104,398

39

Net Transfer Detail

Fund Name ContributionsAdditional

Deposit Transfers

In DistributionsTransfers

OutEnding

Balance Net Transfers

Ultra Aggressive Profile Portfolio $2,031,235 $9,396 $10,559,723 ($566,732) ($7,591,003) $4,442,620 $2,968,721Aggressive Profile Portfolio $6,064,889 $51,406 $11,115,962 ($2,350,976) ($9,391,756) $5,489,526 $1,724,206Moderate Profile Portfolio $4,231,180 $269,884 $10,435,035 ($1,959,492) ($6,719,130) $6,257,478 $3,715,905Conservative Profile Portfolio $1,443,025 $207,947 $7,744,861 ($872,585) ($3,973,974) $4,549,274 $3,770,887Ultra Conservative Profile Portfolio $589,036 $981,956 $6,557,718 ($624,993) ($5,183,584) $2,320,133 $1,374,134Fidelity Diversified International $3,196,072 $3,240 $2,151,179 ($1,593,021) ($5,631,736) ($1,874,267) ($3,480,557)DWS EAFE Equity Index $885,956 $398 $650,844 ($276,564) ($1,418,807) ($158,173) ($767,963)SSGA Russell Small Cap Index NL Series S $3,083,645 $1,507 $16,131,020 ($1,593,069) ($17,967,104) ($344,001) ($1,836,084)DCP Mid Cap Fund $1,763,066 $4,532 $93,028,820 ($733,774) ($6,851,309) $87,211,334 $86,177,511Lazard Mid Cap Fund $236,505 $0 $1,083,373 ($80,029) ($31,657,654) ($30,417,804) ($30,574,281)Vanguard Mid Cap Index - Inst'l $441,244 $712 $1,908,695 ($149,681) ($58,233,511) ($56,032,540) ($56,324,815)American Funds Growth Fund R6 $1,043,669 $712 $1,044,149 ($1,657,358) ($230,967,245) ($230,536,073) ($229,923,096)American Funds Invstmnt Company of America R6 $562,688 $0 $220,237 ($737,344) ($142,585,736) ($142,540,155) ($142,365,498)DCP Large Cap Fund $13,957,515 $127,752 $1,144,874,201 ($11,030,676) ($48,511,183) $1,099,417,608 $1,096,363,018Hartford Capital Appreciation HLS IA $1,454,502 $0 $13,671,585 ($715,868) ($286,068,467) ($271,658,248) ($272,396,883)Vanguard Institutional Index Plus $2,393,159 $75 $2,693,810 ($1,675,352) ($489,016,376) ($485,604,684) ($486,322,566)DCP Bond $3,032,187 $16,559 $224,797,906 ($2,269,388) ($13,658,486) $211,918,778 $211,139,420PIMCO Total Return Fund - Inst $616,378 $4,015 $1,988,391 ($369,368) ($117,506,469) ($115,267,054) ($115,518,078)Vanguard Total Bond Market Index Inst'l Plus $615,807 $122,562 $1,374,336 ($362,304) ($93,269,863) ($91,519,463) ($91,895,527)FDIC - Insured Savings Account $5,308,415 $756,915 $55,674,578 ($8,352,390) ($51,568,650) $1,818,868 $4,105,928Deferred Compensation Stable Value $9,580,150 $19,850,504 $38,969,169 ($19,320,899) ($30,935,632) $18,143,292 $8,033,537JPMorganChase Certificates of Deposit $0 $0 $0 ($50,026) ($906,035) ($956,061) ($906,035)

40

Net Cash Flow Detail

Fund ContributionsAdditional

Deposit Transfers

In DistributionsTransfers

Out Net Cash Flow

Ultra Aggressive Profile Portfolio $2,031,235 $9,396 $10,559,723 ($566,732) ($7,591,003) $4,442,620Aggressive Profile Portfolio $6,064,889 $51,406 $11,115,962 ($2,350,976) ($9,391,756) $5,489,526Moderate Profile Portfolio $4,231,180 $269,884 $10,435,035 ($1,959,492) ($6,719,130) $6,257,478Conservative Profile Portfolio $1,443,025 $207,947 $7,744,861 ($872,585) ($3,973,974) $4,549,274Ultra Conservative Profile Portfolio $589,036 $981,956 $6,557,718 ($624,993) ($5,183,584) $2,320,133Fidelity Diversified International $3,196,072 $3,240 $2,151,179 ($1,593,021) ($5,631,736) ($1,874,267)DWS EAFE Equity Index $885,956 $398 $650,844 ($276,564) ($1,418,807) ($158,173)SSGA Russell Small Cap Index NL Series S $3,083,645 $1,507 $16,131,020 ($1,593,069) ($17,967,104) ($344,001)DCP Mid Cap Fund $1,763,066 $4,532 $93,028,820 ($733,774) ($6,851,309) $87,211,334Lazard Mid Cap Fund $236,505 $0 $1,083,373 ($80,029) ($31,657,654) ($30,417,804)Vanguard Mid Cap Index - Inst'l $441,244 $712 $1,908,695 ($149,681) ($58,233,511) ($56,032,540)American Funds Growth Fund R6 $1,043,669 $712 $1,044,149 ($1,657,358) ($230,967,245) ($230,536,073)American Funds Invstmnt Company of America R6 $562,688 $0 $220,237 ($737,344) ($142,585,736) ($142,540,155)DCP Large Cap Fund $13,957,515 $127,752 $1,144,874,201 ($11,030,676) ($48,511,183) $1,099,417,608Hartford Capital Appreciation HLS IA $1,454,502 $0 $13,671,585 ($715,868) ($286,068,467) ($271,658,248)Vanguard Institutional Index Plus $2,393,159 $75 $2,693,810 ($1,675,352) ($489,016,376) ($485,604,684)DCP Bond Fund $3,032,187 $16,559 $224,797,906 ($2,269,388) ($13,658,486) $211,918,778PIMCO Total Return Fund - Inst $616,378 $4,015 $1,988,391 ($369,368) ($117,506,469) ($115,267,054)Vanguard Total Bond Market Index Inst'l Plus $615,807 $122,562 $1,374,336 ($362,304) ($93,269,863) ($91,519,463)FDIC - Insured Savings Account $5,308,415 $756,915 $55,674,578 ($8,352,390) ($51,568,650) $1,818,868Deferred Compensation Stable Value $9,580,150 $19,850,504 $38,969,169 ($19,320,899) ($30,935,632) $18,143,292JPMorganChase Certificates of Deposit $0 $0 $0 ($50,026) ($906,035) ($956,061)

The End

DirectorLisa Tilley

CastGary RobisonUsha Archer

ProducerMonise Lane

The End

DirectorLisa Tilley

CastGary RobisonUsha Archer

ProducerMonise Lane

1 QUARTERLY REPORT SECOND QUARTER 2012. 2 Table of Contents Topic Section Pages Plan Overview 1 3-16...

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Transcript of 1 QUARTERLY REPORT SECOND QUARTER 2012. 2 Table of Contents Topic Section Pages Plan Overview 1 3-16...