TWA Pilots DAP/401(k) Plan | |||||||||||||
Year to Date – Performance Results |
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JULY 31, 2001 | |||||||||||||
Investment Category | |||||||||||||
Small | |||||||||||||
Investment Options and Benchmarks |
Stable Value | Value | Growth | Foreign | Company | Portfolio | |||||||
Morningstar Averages for the Universe | n/a | -3.69% | -11.63% | -14.40% | -1.70% | n/a | |||||||
Stable Value Option | 3.95% | ||||||||||||
Wellington Core | 6.41% | ||||||||||||
PRIMCO GIC | 3.65% | ||||||||||||
Cash | 2.96% | ||||||||||||
BGI – Money Market Index | 2.98% | ||||||||||||
Benchmark | |||||||||||||
LB 1-3 yr. Govt./Treas. | 5.26% | ||||||||||||
Equity Index Option (BGI – US Equity Index) | -7.50% | ||||||||||||
Benchmark | |||||||||||||
Wilshire 5000 | -7.34% | ||||||||||||
Value Stock Option | -0.42% | ||||||||||||
Federated Stock Trust | 3.53% | ||||||||||||
Morgan Core (separately managed) | -4.85% | ||||||||||||
Neuberger Berman Focus Tr | 1.17% | ||||||||||||
Legg Mason Spec. Invmt. Trust | 3.15% | ||||||||||||
Neuberger Berman Regency | -1.71% | ||||||||||||
T. Rowe Price Value | 4.80% | ||||||||||||
BGI – Value Index | -6.36% | ||||||||||||
Benchmark | |||||||||||||
Russell Price Driven (1000 Value) | -1.47% | ||||||||||||
Growth Stock Option | -18.05% | ||||||||||||
MFS Instl. Mid Cap Growth | -15.09% | ||||||||||||
Turner Mid Cap Growth | -23.08% | ||||||||||||
Janus Fund | -17.54% | ||||||||||||
MFS Instl. Research Fund | -16.15% | ||||||||||||
Marsico Focus | -17.01% | ||||||||||||
Vanguard World U.S. Growth | -28.46% | ||||||||||||
BGI – Growth Index | -13.60% | ||||||||||||
Benchmark | |||||||||||||
Russell Earnings Growth (1000 Growth) | -16.38% | ||||||||||||
International Stock Option | -18.79% | ||||||||||||
Amer Cent-20th Cent. Int’l Discovery | -19.02% | ||||||||||||
Amer Cent-20th Cent. Int’l Growth | -22.05% | ||||||||||||
Janus Overseas | -20.23% | ||||||||||||
Templeton Instl. Foreign | -9.08% | ||||||||||||
Benchmark | |||||||||||||
EAFE Net Divs | -16.16% | ||||||||||||
Diversified Small Company Stock Option | 5.20% | ||||||||||||
MFS Instl. Emerging Equities | -2.33% | ||||||||||||
Royce Opportunity | 16.58% | ||||||||||||
DFA U.S. Micro Cap Portfolio | 19.61% | ||||||||||||
State Street Aurora | 13.78% | ||||||||||||
Berger Small Cap Value Instl. | 13.86% | ||||||||||||
Franklin Small Cap Growth II | -1.86% | ||||||||||||
BGI – Small Company Index | -6.17% | ||||||||||||
Benchmark | |||||||||||||
Russell 2000 Total | 1.08% | ||||||||||||
Conservative Model Portfolio | 1.30% | ||||||||||||
Benchmark | |||||||||||||
Conservative Composite Index | 1.39% | ||||||||||||
Moderate Model Portfolio | -3.13% | ||||||||||||
Benchmark | |||||||||||||
Moderate Composite Index | -3.45% | ||||||||||||
Aggressive Model Portfolio | -4.23% | ||||||||||||
Benchmark | |||||||||||||
Aggressive Composite Index | -4.94% | ||||||||||||
*As reported by Recordkeeper. Data represents change in blended net asset value of investment options. Your individual return may vary slightly because of contribution timing, transfers, etc. |
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YTD return based on change in NAV January 1, 2001 to end of period. |
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Last Updated on 08/15/01 | |||||||||||||
Archive for July, 2001
2001 July
Saturday, July 28th, 2001July 2001
Sunday, July 22nd, 2001Day | Stable Value | Value Stock | Equity Index | Growth Stock | Intl. Stock | Div. Small Co. Stock | Conserv. Portfolio | Moderate Portfolio | Aggressive Portfolio | Retirement Portfolio |
---|---|---|---|---|---|---|---|---|---|---|
02 | 165.12 | 317.88 | 305.59 | 280.19 | 210.75 | 316.13 | 211.28 | 247.28 | 257.53 | – |
03 | 165.12 | 317.08 | 305.08 | 278.79 | 209.66 | 315.47 | 211.10 | 246.77 | 256.87 | – |
04 | Market Closed | |||||||||
05 | 165.15 | 314.41 | 301.41 | 274.37 | 205.81 | 312.82 | 210.21 | 244.83 | 254.37 | – |
06 | 165.21 | 307.35 | 294.69 | 267.49 | 204.10 | 306.53 | 208.28 | 241.50 | 250.25 | – |
09 | 165.30 | 308.73 | 296.32 | 267.96 | 203.45 | 307.17 | 208.77 | 241.97 | 250.73 | – |
10 | 165.36 | 304.74 | 292.05 | 263.02 | 203.41 | 303.39 | 207.63 | 239.98 | 248.33 | – |
11 | 165.39 | 304.41 | 291.54 | 260.85 | 201.62 | 302.74 | 207.53 | 239.38 | 247.52 | – |
12 | 165.44 | 311.92 | 298.46 | 268.08 | 202.42 | 310.43 | 209.64 | 242.95 | 251.91 | – |
13 | 165.47 | 313.57 | 300.19 | 268.69 | 201.57 | 311.24 | 210.15 | 243.45 | 252.44 | – |
16 | 165.58 | 310.14 | 296.63 | 264.33 | 200.27 | 307.91 | 209.22 | 241.64 | 250.17 | – |
17 | 165.61 | 313.23 | 299.79 | 267.05 | 199.46 | 311.15 | 210.14 | 243.02 | 251.81 | – |
18 | 165.69 | 311.38 | 297.85 | 263.06 | 198.94 | 307.88 | 209.66 | 241.71 | 250.12 | – |
19 | 165.71 | 312.42 | 299.48 | 264.13 | 200.11 | 310.58 | 210.06 | 242.56 | 251.29 | – |
20 | 165.74 | 311.22 | 298.66 | 263.86 | 199.64 | 310.89 | 209.79 | 242.27 | 250.98 | – |
23 | 165.83 | 307.42 | 294.19 | 259.97 | 197.84 | 308.33 | 208.67 | 240.39 | 248.67 | – |
24 | 165.87 | 301.26 | 289.30 | 255.43 | 196.63 | 303.31 | 207.11 | 237.85 | 245.52 | – |
25 | 165.86 | 305.23 | 293.37 | 258.91 | 196.28 | 304.98 | 208.26 | 239.41 | 247.26 | – |
26 | 165.90 | 308.98 | 296.83 | 263.96 | 196.69 | 309.58 | 209.32 | 241.46 | 249.80 | – |
27 | 165.96 | 310.04 | 297.75 | 266.21 | 198.04 | 310.62 | 209.66 | 242.26 | 250.79 | – |
30 | 166.06 | 310.18 | 297.34 | 265.53 | 198.19 | 310.77 | 209.69 | 242.22 | 250.75 | – |
31 | 166.12 | 312.06 | 298.87 | 266.22 | 199.97 | 311.26 | 210.22 | 242.97 | 251.68 | – |
July Fund Performance (in percentages) | ||||||||||
0.67% | -1.29% | -1.64% | -4.59% | -5.04% | -2.21% | -0.23% | -1.57% | -2.17% | – |
June Performance Insert and DAP/401(k) Update
Monday, July 9th, 2001- The Directed Account Plan has a successor plan sponsor. It will continue to operate as a qualified retirement plan serving thousands of participants and their families just as it has for the last eight years. We will continue to operate with the same low cost structure, which has averaged less than one half of one percent per year. The 401(k) will still be terminated at some future date. 401(k) participants should transfer their assets to the DAP or rollover to an outside account now unless a 401(k) loan is outstanding.
- Quarterly Statements-A reminder that quarterly statements have replaced the monthly statement that stopped with the March 2001 issue. This is the first of the Quarterly mailings. A special year-end statement summarizing the entire year will be added to the quarterly mailings. A statement on demand can always be obtained upon request from Benefits Express (1-877-4TWADAP (1-877-489-2327) or the Web Site at http://resources.hewitt.com/4twadap.
- 401(k) Rollovers- Participants have started to elect to rollover or transfer their 401(k) balances in preparation for the 401(k) plan termination that we anticipate by the end of the year. The distributions to date reflect that over 75% of the pilots are electing to transfer their balances to the DAP, 5% to American Supersaver, and 20% to outside IRAs or cash outs. Some (around 50) pilots have elected to cash out and pay taxes and penalty on their balances. This strategy is usually not the best long-term plan. Consult a tax expert before requesting any cash distribution.
- Loans- DAP and 401(k) loans are presently being repaid by TWA Airlines LLC payroll deduction for active pilots. DAP loans may be repaid by personal check once LLC is transitioned to American just as retirees repay now. DAP and 401(k) loans will default with any rollover or transfer. American SuperSaver has indicated that pilots may do a rollover that includes a loan balance but those procedures have not been finalized. Pilots who desire a rollover to Supersaver with a loan balance should delay the rollover until they are notified that they can do so without a loan default. As previously announced, rollovers of any DAP or 401(k) account with a loan outstanding will result in a loan default and the associated tax liability.