GE 2015 Annual Report Download - page 235

FINANCIAL STATEMENTS SUPPLEMENTAL INFORMATION
GE 2015 FORM 10-K 207
FAIR VALUE OF PLAN ASSETS
Other pension plans Principal retiree benefit plans
(In millions) 2015 2014 2015 201
4
Balance at January 1 $ 12,386 $ 11,059 $ 813 $ 903
A
ctual gain on plan assets 381 1,537 22 44
Employer contributions 549 726 501 518
Participant contributions 15 9 50 52
Benefits paid (576) (493) (691) (704)
A
cquisitions (dispositions) / other - net 5,207 (a) - - -
Exchange rate adjustments (594) (452) - -
Balance at December 31 $ 17,368 $ 12,386 $ 695 $ 813
(a) Substantially all related to Alstom acquisition.
ASSET ALLOCATION
Other
p
ension
p
lans Princi
p
al retiree
Princi
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2015 2015 2015 2015 2015 2015
Targe
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Actual Targe
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Actual Targe
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Actual
December 31 allocation allocation allocation allocation allocation allocation
Equity securities 17 - 57% 47 % 37 % 40 % 35 - 75% 59 %
Debt securities (including cash equivalents) 13 - 53 29 37 40 11 - 46 27
Private equities 8 - 18 11 5 4 0 - 25 11
Real estate 2 - 12 7 9 8 0 - 12 1
Other investments 3 - 13 6 12 8 0 - 10 2
Plan fiduciaries of the GE Pension Plan set investment policies and strategies for the GE Pension Trust and oversee its investment
allocation, which includes selecting investment managers and setting long-term strategic targets. The primary strategic investment
objectives are balancing investment risk and return and monitoring the SODQ¶V liquidity position in order to meet the near-term benefit
payment and other cash needs. Target allocation percentages are established at an asset class level by plan fiduciaries. Target
allocation ranges are guidelines, not limitations, and occasionally plan fiduciaries will approve allocations above or below a target
range.
According to statute, the aggregate holdings of all qualifying employer securities (e.g., GE common stock) and qualifying employer real
property may not exceed 10% of the fair value of trust assets at the time of purchase. GE securities represented 3.7% and 3.8% of the
GE Pension Trust assets at year-end 2015 and 2014, respectively.
The GE Pension Plan has a broadly diversified portfolio of investments in equities, fixed income, private equities, real estate and hedge
funds; these investments are both U.S. and non-U.S. in nature. As of December 31, 2015, no sector concentration of assets exceeded
15% of total GE Pension Plan assets.
The following tables present the changes in Level 3 investments for the GE Pension Plan.

CHANGES IN LEVEL 3 INVESTMENTS FOR THE YEAR ENDED DECEMBER 31, 2015
 Purchases, Transfers
 issuances in and/o
r
January 1, Net realized Net unrealized and out o
f
December 31,
(In millions) 2015 gains (losses) gains (losses) settlements Level 3 2015
Debt securities $ 6 $ (3) $ 3 $ (3) $ (1) $ 2
Private equities 5,217 432 189 (968) - 4,870
Real estate 3,129 122 246 (360) 49 3,186
Other investments 2,248 22 (52) 71 6 2,295
$ 10,600 $ 573 $ 386 $ (1,260) $ 54 $ 10,353
GE 2015 FORM 10-K 207