þ | ANNUAL REPORT PURSUANT TO SECTION 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 |
o | TRANSITION REPORT PURSUANT TO SECTION 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 |
A. | Full title of the plan and the address of the plan, if different from that of the issuer named below: |
B. | Name of issuer of the securities held pursuant to the plan and the address of its principal executive office: |
Page | ||||||||
1 | ||||||||
Financial Statements: |
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2 | ||||||||
3 | ||||||||
4-14 | ||||||||
Supplemental Schedule: * |
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15 | ||||||||
Exhibit 23: |
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Consent of Independent Registered Public Accounting Firm |
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EX-23: CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM |
* | Other schedules required by Section 2520.103-10 of the Department of Labors Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974 (ERISA) have been omitted because they are not applicable. |
PricewaterhouseCoopers LLP PricewaterhouseCoopers Center 300 Madison Avenue New York NY 10017 Telephone (646) 471-3000 Facsimile (813) 286-6000 |
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2005 | 2004 | |||||||
Assets |
||||||||
Investments, at fair value or contract value (Notes 2, 3 and
4) |
$ | 1,733,089,818 | $ | 1,590,941,288 | ||||
Cash |
38,750 | 19,613 | ||||||
Participant loans |
36,213,202 | 33,836,446 | ||||||
Contributions receivable |
||||||||
Employer |
2,909,900 | 3,433,046 | ||||||
Employee |
47,475 | 9,618 | ||||||
Total receivables |
2,957,375 | 3,442,664 | ||||||
Total assets |
1,772,299,145 | 1,628,240,011 | ||||||
Liabilities |
||||||||
Accrued expenses |
257,726 | 155,429 | ||||||
Total liabilities |
257,726 | 155,429 | ||||||
Net assets available for benefits |
$ | 1,772,041,419 | $ | 1,628,084,582 | ||||
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Additions to net assets |
||||
Investment income |
||||
Net appreciation in fair value of investments (Note 4) |
$ | 63,982,505 | ||
Interest and dividends |
26,123,572 | |||
Total investment income |
90,106,077 | |||
Contributions |
||||
Employee |
136,401,866 | |||
Employer |
47,507,142 | |||
Rollovers |
12,738,833 | |||
Total contributions |
196,647,841 | |||
Increase to net assets |
286,753,918 | |||
Deductions from net assets |
||||
Benefits paid to participants |
(141,678,505 | ) | ||
Forfeitures utilized for Plan administrative expenses (Note 1) |
(396,020 | ) | ||
Fees charged to participants for plan administration (Note 1) |
(952,469 | ) | ||
Total deductions from net assets |
(143,026,994 | ) | ||
Net increase in net assets
available for benefits before
plan mergers |
143,726,924 | |||
Plan mergers (Note 1) |
229,913 | |||
Net increase in net assets
available for benefits after
plan mergers |
143,956,837 | |||
Net assets available for benefits |
||||
Beginning of year |
1,628,084,582 | |||
End of year |
$ | 1,772,041,419 | ||
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1. | Description of the Plan | |
The following description of The Thomson 401(k) Savings Plan (the Plan) is provided for general information purposes only. Participants should refer to the summary Plan description or the Plan document for more complete information. | ||
General | ||
The Plan is a defined contribution plan covering substantially all of the U.S. employees of Thomson Holdings Inc. and certain affiliates (collectively, the Company). The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974 (ERISA). | ||
Participation | ||
All full-time U.S. employees of the Company are eligible to participate in the Plan as soon as employment commences. Part-time U.S. employees are eligible to participate upon completion of one year of employment. All eligible new hires who do not affirmatively elect a deferral contribution in the Plan or do not opt out of the Plan are automatically enrolled in the Plan on or following the 30th day after satisfying applicable service requirements, and contributions to the Plan for these individuals are equal to 3% of the participants compensation. These contributions are invested in a fund designated by the Plan administrator unless the participant changes the way that such amounts are invested. | ||
Participant accounts | ||
Each participants account is credited with the participants contributions, the Companys matching and discretionary contributions and Plan earnings, and charged with an allocation of administrative expenses. The benefit to which a participant is entitled is the benefit that can be provided from the participants vested account. | ||
Contributions | ||
In accordance with the provisions of the Plan, participants may voluntarily authorize the Company to contribute on a pre-tax, or contribute on a post-tax basis, 1/2% to 16% (up to 25% for non-highly compensated employees) of their eligible compensation (as defined in the Plan document) for investment in the Plan, up to the maximum allowed under the provisions of the Internal Revenue Code (IRC). Participants who are age 50 or older may make additional catch-up contributions. The Company makes matching contributions of 50% of the first 6% of eligible compensation contributed by a participant. The Company honors other employer matching contribution provisions for plans that were merged into the Plan, up to a 100% match of 4% of the participants eligible compensation. Additionally, for any Plan year, the Company may make discretionary contributions to the Plan. |
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Vesting of benefits | ||
Participants are fully vested in their contributions and the earnings thereon at all times and will become vested in Company contributions and the related earnings credited to their account, based upon their years of service, as shown below: |
Vested | ||
Years of service | Percentage | |
1 |
25% | |
2 |
50% | |
3 |
75% | |
4 |
100% |
Employees who reach normal retirement age, or become disabled or die while still employed by the Company are immediately vested in the value of the Company contributions credited to their accounts. | ||
Loans to participants | ||
Participants may borrow from their accounts for any purpose. The minimum loan amount is $500 and the maximum is 50% of the participants vested balance up to the Internal Revenue Service limit of $50,000. Participants may have up to two outstanding loans at a time. Additionally, loans must be repaid by payroll deductions over a period not to exceed five years, except when the loan is used for the purchase of a primary residence, in which case the repayment period may not exceed 10 years. Some loans transferred into the Plan as a result of Plan mergers have repayment periods up to 30 years. The loans are secured by the balance in the participants account. Interest rates on loans granted in 2005 were based on the prime interest rate plus 1% on the first business day of the quarter in which the loan was made, and rates remain fixed for the duration of the loan. Outstanding loans as of December 31, 2005 have interest rates that range from 5% to 11%. | ||
Payment of benefits | ||
Upon termination of employment, a participant whose vested account balance is greater than $5,000 may elect to receive a distribution of his/her account balance, leave the vested balance in the Plan until a date not to exceed April 1 of the year following the year in which the participant reaches age 70 1/2, or request a direct rollover. A participant may elect to receive the distribution as a lump-sum distribution or in monthly installments over a specified period of time, not to exceed the participants life expectancy. A participant whose vested account balance is greater than $1,000, but not more than $5,000, can elect to receive either a lump-sum distribution or request a direct rollover into another employers qualified plan or an Individual Retirement Account (IRA), as defined by the IRC. However, if no election is made within a 30 day period, the vested account balance will automatically be rolled over into an IRA established on behalf of the participant. A participant with a vested account balance that is $1,000 or less will be required to receive his/her account balance in cash as a lump-sum payment unless he/she elects in writing, within a 30 day period, a direct rollover into another employers qualified plan or an IRA. For all distributions, if a lump-sum is elected, any portion of a participants account that is invested in The Thomson Stock Fund may be distributed in cash or in common shares of The Thomson Corporation. Fractional shares are paid in cash. |
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Forfeited accounts | ||
The portion of a participants account balance which has not yet vested will generally be forfeited upon termination of employment. At December 31, 2005 and 2004, forfeited nonvested amounts, which remain as assets in the Plan, totaled $605,290 and $554,078, respectively. Amounts forfeited by participants who have terminated employment may be applied against future employer matching contributions or employer discretionary contributions or may be used to pay Plan administrative expenses. In 2005, employer contributions were reduced by $2,102,652 from forfeited nonvested amounts. Forfeitures that have been used to pay Plan administrative expenses have been reflected as such in the accompanying financial statements. | ||
Plan administration | ||
A Plan administrator, appointed by the board of directors of the Company, administers the Plan in accordance with the terms and provisions of the Plan document. The Plan administrator has appointed Mercer Trust Company (Mercer) as the trustee and Mercer HR Outsourcing as third party administrator to manage the assets and day-to-day operations of the Plan. | ||
Termination | ||
The Company anticipates and believes that the Plan will continue without interruption but reserves the right to terminate, amend or modify the Plan at any time subject to the provisions of ERISA. Upon termination of the Plan, the balances in the accounts of each participant would become fully vested and be distributed to participants as described above. | ||
Transfers | ||
During 2005, assets were transferred into the Plan as a result of a plan merger as detailed below. |
Plan | ||||||
Merger | Assets | |||||
Date | Plan | Transferred | ||||
12/31/2005 |
Wave Technologies International, Inc. Profit Sharing and 401(k) Plan | $ | 229,913 | |||
$ | 229,913 | |||||
2. | Summary of Significant Accounting Policies | |
Basis of accounting | ||
The accompanying financial statements have been prepared on the accrual basis of accounting. | ||
Investment valuation and transactions | ||
The Plans investments in mutual funds and common shares are valued at fair market value based on quoted market prices. The fair value of investments in common/collective trusts, except the Putnam Stable Value Fund, is determined by each funds trustee based on the fair value of the underlying securities within that fund. The Putnam Stable Value Fund is reported as the sum of the contract value of the funds investments in insurance contracts and the fair value of the funds investments in externally managed collective investment funds as determined by those funds trustees. Participant loans are valued at cost less principal repayments, which approximates fair value. Purchases and sales of shares in the investment funds are recorded on the trade date. |
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Interest income is recorded on the accrual basis. Dividends are recorded on the ex-dividend date. The Plan presents, in the statement of changes in net assets available for benefits, the net appreciation (depreciation) in the fair value of its investments, which consists of the realized gains or losses and the unrealized appreciation (depreciation) on those investments. | ||
Administrative expenses | ||
Administrative expenses of the Plan are either paid directly by the Company or are funded utilizing Plan forfeitures. Administrative expenses paid by the Company are not reflected in the accompanying financial statements. Administrative expenses paid out of the forfeitures account have been reflected in the accompanying financial statements. Loan origination fees are paid by the participant through a deduction from their respective account, and are recorded upon issuance of the loan. Loan maintenance fees are paid by the participant through a quarterly deduction from their respective account. | ||
During 2005 the Plan changed from a bundled approach for Plan administration fees, whereby such fees had been included as reductions to the fund investment income, to an unbundled approach, whereby fees are paid directly by the participant through a quarterly deduction from his/her respective account. | ||
Benefit payments | ||
Benefits are recorded when paid. | ||
Use of estimates | ||
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of net assets available for benefits and changes therein, and the disclosure of contingent assets and liabilities. Actual results could differ from those estimates. | ||
Risks and uncertainties | ||
The Plan provides for investments in any combination of stocks, bonds, fixed income securities and other investment securities. These investment securities are exposed to various risks, such as interest rate, market and credit risks. Due to the level of risk and uncertainty associated with certain investment securities, it is at least reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect participants account balances and the amounts reported in the statements of net assets available for benefits, and the statement of changes in net assets available for benefits. | ||
Recently issued accounting standards | ||
On December 29, 2005, the Financial Accounting Standards Board (FASB) issued a Staff Position paper (FSP) on the Reporting of Fully Benefit-Responsive Investment Contracts Held by Certain Investment Companies Subject to the AICPA Investment Company Guide and Defined-Contribution Health and Welfare and Pension Plans. This FSP amends the guidance in AICPA Statement of Position 94-4, Reporting of Investment Contracts Held by Health and Welfare Benefit Plans and Defined-Contribution Pension Plans, with respect to the definition of fully benefit-responsive investment contracts and the presentation and disclosure of fully benefit-responsive investment contracts in plan financial statements. The FSP requires that investments in common/collective trusts that include benefit-responsive investment contracts be presented at fair value in the statement of net assets available for benefits and that the amount representing the difference between fair value and contract value of these investments also be presented on the face |
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3. | Description of Investment Options | |
Participants in the Plan may elect to invest in any of the following investment options: | ||
BGI LifePath Retirement Portfolio | ||
This is a diversified portfolio, consisting of stock, bonds and money market funds, whose investment mix is actively managed based on a projected retirement in the near future. | ||
BGI LifePath 2040 Portfolio | ||
This is a diversified portfolio, consisting of stock, bonds and money market funds, whose investment mix is actively managed based on a projected retirement date of approximately 2040. | ||
BGI LifePath 2030 Portfolio | ||
This is a diversified portfolio, consisting of stock, bonds and money market funds, whose investment mix is actively managed based on a projected retirement date of approximately 2030. | ||
BGI LifePath 2020 Portfolio | ||
This is a diversified portfolio, consisting of stock, bonds and money market funds, whose investment mix is actively managed based on a projected retirement date of approximately 2020. | ||
BGI LifePath 2010 Portfolio | ||
This is a diversified portfolio, consisting of stock, bonds and money market funds, whose investment mix is actively managed based on a projected retirement date of approximately 2010. | ||
AllianceBernstein Diversified Value Fund | ||
The fund invests in a diversified portfolio of equity securities of U.S. companies with relatively large market capitalizations that the fund advisor believes are undervalued. | ||
BGI Active International Equity Fund | ||
The fund invests in a diversified portfolio of foreign companies and allocates actively among countries and currencies. | ||
Goldman Sachs Structured Small Cap Equity Fund | ||
The fund invests primarily in a diversified portfolio of equity investments in small-capitalization U.S. issuers, including foreign issuers that are traded in the United States. | ||
PIMCO Real Return Fund | ||
The fund invests primarily in inflation-linked bonds, including those issued by the U.S. treasury, other government and quasi-government agencies, corporations and foreign governments. | ||
Vanguard Developed Markets Index Fund | ||
The fund seeks to track the Morgan Stanley Capital International Europe, Australasia, Far East (MSCI EAFE) Index by allocating its assets between the Vanguard European Stock Index Fund |
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and the Vanguard Pacific Stock Index Fund based on each regions weighting in the MSCI EAFE Index. | ||
Vanguard Total Bond Market Index Fund | ||
The fund invests in high-interest U.S. bonds. | ||
PIMCO Total Return Fund | ||
The fund invests primarily in a diversified portfolio of investment-grade, fixed-income securities of varying maturities. | ||
T. Rowe Price Blue Chip Growth Fund | ||
The fund invests primarily in common stocks of large- and mid-capitalization blue-chip companies. | ||
Vanguard Institutional Index Fund | ||
The fund invests primarily in the stocks of large U.S. companies included in the Standard & Poors 500 Index. | ||
Vanguard Extended Market Index Fund | ||
The fund invests in the stocks of small and medium-sized U.S. companies. | ||
Putnam Stable Value Fund | ||
The fund primarily invests in investment contracts or similar investments issued by insurance companies, banks and similar financial institutions. | ||
Thomson Stock Fund | ||
The fund invests in common shares of The Thomson Corporation. | ||
As of April 29, 2005 the Plan ceased to offer the funds listed below. Contributions received after this date were automatically allocated to the BGI LifePath Portfolio with the target year closest to the year in which the participant will reach age 65. Participants were given until June 29, 2005 to transfer any remaining balances out of these funds and into the Plans other investment options; otherwise, the balances were transferred to the BGI LifePath Portfolio with the target year closest to the year in which the participant will reach age 65. | ||
BGI U.S. Debt Index Fund | ||
The fund invests in a diversified portfolio of debt securities including U.S. government bonds, corporate bonds, residential and commercial mortgage-backed securities and asset-backed securities. The fund tracks the Lehman Brothers Aggregate Bond Index. | ||
BGI Russell 1000 Growth Fund | ||
This fund invests in issues of large U.S. companies that have high price-to-book ratios and higher growth rates. | ||
BGI Extended Equity Market Fund | ||
The fund invests in the stocks of small and medium-sized U.S. companies. | ||
BGI Equity Index Fund | ||
The fund invests in the same stocks held in the Standard & Poors 500 Index. |
9
Artisan Mid Cap Fund | ||
The fund primarily invests in stocks of mid size companies that exhibit franchise characteristics. | ||
PIMCO Total Return Fund II | ||
The fund invests in a diversified portfolio of fixed-income securities with an average duration that varies between three and six years. | ||
Templeton Institutional Funds, Inc. Foreign Equity Series | ||
The fund primarily invests in the equity securities of companies located outside the U.S., including emerging markets. | ||
Frank Russell Small Cap Fund | ||
The fund invests primarily in the small-capitalization stocks of the U.S. stock market. | ||
T. Rowe Price Value Fund | ||
The fund invests primarily in common stocks believed to be undervalued. Income is a secondary objective. | ||
The George Putnam Fund of Boston | ||
The fund invests primarily in stocks as well as corporate and U.S. government bonds. | ||
Putnam Fund for Growth & Income | ||
The fund invests in a diversified portfolio of stocks, targeting stocks of mature companies that offer long-term growth potential while also providing income. | ||
Putnam Voyager Fund | ||
The fund invests primarily in the stocks of large and midsize companies expected to grow over time. |
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4. | Investments | |
Investments held by the Plan at December 31, 2005 and 2004 were as follows: |
2005 | 2004 | |||||||
BGI LifePath 2020 Portfolio |
$ | 430,492,862 | $ | | ||||
BGI LifePath 2030 Portfolio |
341,839,613 | | ||||||
BGI LifePath 2010 Portfolio |
242,626,145 | | ||||||
Putnam Stable Value Fund |
229,962,673 | 220,238,765 | ||||||
BGI LifePath Retirement Portfolio |
64,709,262 | | ||||||
BGI LifePath 2040 Portfolio |
63,040,340 | | ||||||
T. Rowe Price Blue Chip Growth Fund |
60,452,834 | 5,127,088 | ||||||
Vanguard Extended Market Index Fund |
44,405,722 | | ||||||
Vanguard Developed Markets Index Fund |
43,556,175 | | ||||||
Vanguard Institutional Index Fund |
42,125,499 | | ||||||
AllianceBernstein Diversified Value Fund |
37,342,409 | | ||||||
Goldman Sachs Structured Small Cap Equity Fund |
35,489,871 | | ||||||
BGI Active International Equity Fund |
25,773,162 | | ||||||
PIMCO Total Return Fund |
22,405,521 | | ||||||
Thomson Stock Fund |
20,567,121 | 13,307,488 | ||||||
PIMCO Real Return Fund |
17,374,613 | | ||||||
Vanguard Total Bond Market Index Fund |
10,925,996 | | ||||||
Putnam Voyager Fund |
| 294,551,124 | ||||||
Artisan Mid Cap Fund |
| 213,767,450 | ||||||
Putnam Fund for Growth & Income |
| 164,373,400 | ||||||
BGI Equity Index Fund |
| 127,992,553 | ||||||
Templeton Institutional Funds, Inc. |
| 122,074,633 | ||||||
T. Rowe Price Value Fund |
| 104,139,274 | ||||||
The George Putnam Fund of Boston |
| 85,069,715 | ||||||
PIMCO Total Return Fund II |
| 74,065,053 | ||||||
Frank Russell Small Cap Fund |
| 71,538,593 | ||||||
BGI Extended Equity Market Fund |
| 53,950,111 | ||||||
BGI U.S. Debt Index Fund |
| 30,094,059 | ||||||
BGI Russell 1000 Growth Fund |
| 10,651,982 | ||||||
$ | 1,733,089,818 | $ | 1,590,941,288 | |||||
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The following investments represent 5% or more of the Plans net assets: |
December 31, | ||||||||
2005 | 2004 | |||||||
BGI LifePath 2020 Portfolio, 39,676,761 units |
$ | 430,492,862 | $ | | ||||
BGI LifePath 2030 Portfolio, 31,048,103 units |
341,839,613 | | ||||||
BGI LifePath 2010 Portfolio, 22,760,426 units |
242,626,145 | | ||||||
Putnam Stable Value Fund, 229,962,673 and
220,238,765 units, respectively |
229,962,673 | 220,238,765 | ||||||
Putnam Voyager Fund, 17,185,013 shares |
| 294,551,124 | ||||||
Artisan Mid Cap Fund, 7,231,810 shares |
| 213,767,450 | ||||||
Putnam Fund
for Growth & Income, 8,455,470 shares |
| 164,373,400 | ||||||
BGI Equity Index Fund, 3,543,623 units |
| 127,992,553 | ||||||
Templeton Institutional Funds, 6,022,441 shares |
| 122,074,633 | ||||||
T Rowe Price Value Fund, 4,547,600 shares |
| 104,139,274 | ||||||
The George
Putnam Fund of Boston, 4,697,428 shares |
| 85,069,715 |
Investment income of the Plan for the year ended December 31, 2005 was as follows: |
Net appreciation in fair value of investments |
$ | 63,982,505 | ||
Interest and dividends |
26,123,572 | |||
$ | 90,106,077 | |||
During 2005, the Plans investments (including gains and losses on investments bought and sold, as well as held during the year) appreciated in value by $63,982,505 as follows: |
Mutual funds |
$ | 860,844 | ||
Common/collective trusts |
63,317,233 | |||
Thomson Stock Fund |
(195,572 | ) | ||
$ | 63,982,505 | |||
5. | Income Tax Status |
The Internal Revenue Service has determined and informed management by a letter dated September 26, 2002, that the Plan, as then in effect, was designed in accordance with the applicable sections of the IRC. Although the Plan has been amended subsequent to the receipt of the latest determination letter, the Plan administrator and the Plans tax counsel believe that the Plan is designed and is currently being operated in compliance with the applicable requirements of the IRC. Accordingly, no provision for income taxes has been made in the accompanying financial statements. |
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6. | Reconciliation of Financial Statements to Form 5500 |
The following is a reconciliation of net assets available for benefits per the financial statements to the Form 5500 at: |
December 31, | ||||||||
2005 | 2004 | |||||||
Net assets available for benefits per the
financial statements |
$ | 1,772,041,419 | $ | 1,628,084,582 | ||||
Amounts allocated to withdrawing participants |
(832,743 | ) | (506,762 | ) | ||||
Net assets
available for benefits per the Form 5500 |
$ | 1,771,208,676 | $ | 1,627,577,820 | ||||
The following is a reconciliation of benefits paid to participants per the financial statements for the year ended December 31, 2005 to the Form 5500: |
Benefits paid to participants per the financial statements |
$ | (141,678,505 | ) | |
Less Amounts allocated to withdrawing participants
at December 31, 2004 |
506,762 | |||
Add Amounts allocated to withdrawing participants
at December 31, 2005 |
(832,743 | ) | ||
Benefits
paid to participants per the Form 5500, Schedule H, Part II (lines e(4), f and g) |
$ | (142,004,486 | ) | |
Amounts allocated to withdrawing participants are recorded on the Form 5500 for benefit claims that have been processed and approved for payment prior to December 31, 2005, but not yet paid as of that date. | ||
7. | Related Party Transactions |
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8. | Subsequent Events |
| All eligible new hires and existing employees who are not participating in the Thomson Holdings Inc. Group Pension Plan will receive a Company matching contribution of 100% of the first 4% of eligible compensation contributed by a participant. Existing employees who are participating in the Thomson Holdings Inc. Group Pension Plan will continue to receive a Company matching contribution of 50% of the first 6% of eligible compensation contributed by the participant. | ||
| The automatic enrollment contribution percentage will increase to 4% of the participants compensation. |
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December 31, 2005 | Schedule I |
Identity of issuer | Description of investment | Fair value | ||||||
BGI LifePath 2020 Portfolio |
Common/collective trust | $ | 430,492,862 | |||||
BGI LifePath 2030 Portfolio |
Common/collective trust | 341,839,613 | ||||||
BGI LifePath 2010 Portfolio |
Common/collective trust | 242,626,145 | ||||||
Putnam Stable Value Fund* |
Common/collective trust | 229,962,673 | ** | |||||
BGI LifePath Retirement Portfolio |
Common/collective trust | 64,709,262 | ||||||
BGI LifePath 2040 Portfolio |
Common/collective trust | 63,040,340 | ||||||
T. Rowe Price Blue Chip Growth Fund |
Open-end mutual fund | 60,452,834 | ||||||
Vanguard Extended Market Index Fund |
Open-end mutual fund | 44,405,722 | ||||||
Vanguard Developed Markets Index Fund |
Open-end mutual fund | 43,556,175 | ||||||
Vanguard Institutional Index Fund |
Open-end mutual fund | 42,125,499 | ||||||
AllianceBernstein Diversified Value Fund |
Open-end mutual fund | 37,342,409 | ||||||
Goldman Sachs Structured Small Cap Equity Fund |
Open-end mutual fund | 35,489,871 | ||||||
BGI Active International Equity Fund |
Common/collective trust | 25,773,162 | ||||||
PIMCO Total Return Fund |
Open-end mutual fund | 22,405,521 | ||||||
Thomson Stock Fund* |
Common stock fund | 20,567,121 | ||||||
PIMCO Real Return Fund |
Open-end mutual fund | 17,374,613 | ||||||
Vanguard Total Bond Market Index Fund |
Open-end mutual fund | 10,925,996 | ||||||
Cash |
38,750 | |||||||
1,733,128,568 | ||||||||
Loan Fund* |
Loans to participants | |||||||
(maturities range from | ||||||||
2005 to 2031; interest | ||||||||
rates range from 5% to 11%) | 36,213,202 | |||||||
Total assets held for investment purposes |
$ | 1,769,341,770 | ||||||
* | Parties-in-interest. | |
** | Valued at contract and fair value. |
15
THE THOMSON 401(k) SAVINGS PLAN |
||||
By: | /s/ John J. Raffaeli, Jr. | |||
Name: | John J. Raffaeli, Jr. | |||
Title: | Senior Vice President, Human
Resources, The Thomson Corporation and Member of the Administrative Committee (Plan Administrator) for The Thomson 401(k) Savings Plan |
|||
Exhibit | ||
Number | Description | |
23 |
Consent of Independent Registered Public Accounting Firm |