Bridgford's Investor
 

2010 Annual Report Page 33


Plan assets are primarily invested in marketable equity securities, corporate and government debt securities and are administered by an investment management company. The plans’ long-term return on assets is based on the weighted-average of the plans’ investment allocation as of the measurement date and the published historical returns for those types of asset categories, taking into consideration inflation rate forecasts. Our expected employer contribution to the plan in fiscal year 2012 is $2,003.
 
The actual and target allocation for plan assets are as follows:
 
Asset Class
 
2011
   
Target
Asset
Allocation
   
2010
   
Target
Asset
Allocation
 
Large Cap Equities
   
33.4
%
   
35.0
%
   
37.4
%
   
40.0
%
Mid Cap Equities
   
0.00
%
   
0.0
%
   
0.0
%
   
0.0
%
Small Cap Equities
   
11.7
%
   
10.0
%
   
3.5
%
   
5.0
%
International (including Non-U.S. Fixed Income)
   
22.0
%
   
25.0
%
   
22.2
%
   
25.0
%
Fixed Income
   
28.4
%
   
26.0
%
   
27.3
%
   
26.0
%
Other (Government/Corporate, Bonds)
   
1.9
%
   
2.0
%
   
2.0
%
   
2.0
%
Cash
   
2.6
%
   
2.0
%
   
7.6
%
   
2.0
%
Total
   
100.0

   
100.0
     
100.0
%
   
100.0
%
 
The fair value of our pension plan assets and the level under which fair values were determined, using the hierarchy described in Note 1, is as follows:
 
   
Year Ended 2011
 
   
Level 1
 
Level 2
 
Level 3
 
Total
 
                       
Total plan assets
   
30,307
    -     -    
30,307
 
 
Expected payments for the pension benefits are as follows:
 
Fiscal Years
 
Pension
Benefits
 
2012
 
$
1,260
 
2013
 
$
1,406
 
2014
 
$
1,512
 
2015
 
$
1,656
 
2016
 
$
1,728
 
2017-2021
 
$
10,742
 

 
 
 
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