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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 11-K
(Mark One):
[X] ANNUAL REPORT PURSUANT TO SECTION 15(D) OF THE SECURITIES EXCHANGE ACT OF
1934
For the fiscal year ended December 31, 2004
or
[ ] TRANSITION REPORT PURSUANT TO SECTION 15(D) OF THE SECURITIES EXCHANGE ACT
OF 1934
For the transition period from ____________ to ____________
Commission File No. 333-67466
A. Full title of the Plan:
Willis North America Inc. Financial Security Partnership Plan
B. Name of issuer of the securities held pursuant to the plan and the address
of its principal executive office:
WILLIS NORTH AMERICA INC.
Attn: Mary E. Caiazzo
7 Hanover Square
New York, NY 10004-2594
(212) 344-8888
WILLIS NORTH AMERICA INC.
FINANCIAL SECURITY PARTNERSHIP PLAN
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Page | ||||||||
1 | ||||||||
FINANCIAL STATEMENTS: | ||||||||
2 | ||||||||
3 | ||||||||
4-8 | ||||||||
SUPPLEMENTAL SCHEDULE: | ||||||||
9-19 | ||||||||
Ex-23 Consent of Deloitte & Touche LLP |
All other schedules required by Section 2520.103-10 of the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974 have been omitted because they are not applicable.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the trustee has duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.
WILLIS NORTH AMERICA INC. FINANCIAL SECURITY PARTNERSHIP PLAN | ||||
By: | /s/ Dan Rowland | |||
Dan Rowland | ||||
Director of Compensation and Benefits, Willis North America Inc. |
Dated: June 24, 2005
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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To The Benefits Committee
Willis North America Inc.
Nashville, Tennessee
We have audited the accompanying statements of net assets available for benefits of the Willis North America Inc. Financial Security Partnership Plan (the “Plan”) as of December 31, 2004 and 2003, and the related statement of changes in net assets available for benefits for the year ended December 31, 2004. These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on these financial statements based on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. The Plan is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Plan’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, such financial statements present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2004 and 2003, and the changes in net assets available for benefits for the year ended December 31, 2004 in conformity with accounting principles generally accepted in the United States of America.
Our audits were conducted for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental schedule of assets (held at end of year) as of December 31, 2004 is presented for the purpose of additional analysis and is not a required part of the basic financial statements, but is supplementary information required by the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. This schedule is the responsibility of the Plan’s management. Such schedule has been subjected to the auditing procedures applied in our audit of the basic 2004 financial statements and, in our opinion, is fairly stated in all material respects when considered in relation to the basic financial statements taken as a whole.
/s/ DELOITTE & TOUCHE LLP
Nashville, Tennessee
June 24, 2005
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WILLIS NORTH AMERICA INC.
FINANCIAL SECURITY PARTNERSHIP PLAN
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
DECEMBER 31, 2004 AND 2003
2004 | 2003 | |||||||
ASSETS: | ||||||||
INVESTMENTS—At fair value | $ | 196,161,643 | $ | 171,742,323 | ||||
INVESTMENT—At contract value | 57,175,972 | 57,434,527 | ||||||
PARTICIPANT LOANS RECEIVABLE | 4,048,075 | 3,656,572 | ||||||
CONTRIBUTIONS RECEIVABLE | 485,827 | 755,672 | ||||||
CASH | 28,556 | 10,455 | ||||||
Total assets | 257,900,073 | 233,599,549 | ||||||
LIABILITIES: | ||||||||
EXCESS CONTRIBUTIONS PAYABLE (Note 7) | — | (4,414,932 | ) | |||||
Total liabilities | — | (4,414,932 | ) | |||||
NET ASSETS AVAILABLE FOR BENEFITS | $ | 257,900,073 | $ | 229,184,617 | ||||
See notes to financial statements.
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WILLIS NORTH AMERICA INC.
FINANCIAL SECURITY PARTNERSHIP PLAN
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
YEAR ENDED DECEMBER 31, 2004
ADDITIONS TO NET ASSETS: | ||||
Investment income: | ||||
Dividends | $ | 2,898,518 | ||
Interest | 1,540,546 | |||
Interest from participant loans | 233,204 | |||
Net realized and unrealized appreciation in fair value of investments | 20,011,418 | |||
Total investment gain | 24,683,686 | |||
Contributions: | ||||
Contributions from participants | 23,156,514 | |||
Contributions from employer—net of forfeitures | 1,882,059 | |||
Total contributions | 25,038,573 | |||
TOTAL ADDITIONS TO NET ASSETS | 49,722,259 | |||
DEDUCTIONS FROM NET ASSETS: | ||||
Benefits paid to participants | (20,965,406 | ) | ||
Fees paid by participants | (41,397 | ) | ||
TOTAL DEDUCTIONS FROM NET ASSETS | (21,006,803 | ) | ||
NET INCREASE | 28,715,456 | |||
NET ASSETS AVAILABLE FOR BENEFITS: | ||||
Beginning of year | 229,184,617 | |||
End of year | $ | 257,900,073 | ||
See notes to financial statements.
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WILLIS NORTH AMERICA INC.
FINANCIAL SECURITY PARTNERSHIP PLAN
NOTES TO FINANCIAL STATEMENTS
YEARS ENDED DECEMBER 31, 2004 AND 2003
1. | DESCRIPTION OF THE PLAN |
The following description of the Willis North America Inc. Financial Security Partnership Plan (the “Plan”) provides only general information. Participants should refer to the Plan agreement for a complete description of the Plan’s provisions. | ||||
General—The Plan is a defined contribution plan sponsored by Willis North America Inc. (the “Company” or “Employer”), a subsidiary of Willis Group Limited, and covers all eligible employees of the Company and its subsidiaries. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974 (“ERISA”). | ||||
Contributions—Full-time and part-time employees of the Company are eligible to participate in the Plan after thirty days of service. Participants may contribute between 1% and 99% of their eligible compensation as a pre-tax contribution, subject to Internal Revenue Service (“IRS”) limits. After participants have completed one year of service, Employer’s contributions are made on a full matching basis up to 3% of the employee’s annual eligible compensation. The Employer’s matching contributions are limited to $3,000. Effective for the 2004 calendar year only, the Employer’s matching contribution shall not be made for a participant whose annual compensation exceeds $100,000. Annual compensation shall mean the participant’s base pay plus commissions, production incentives and Annual Incentive Plan bonuses received during the 2004 calendar year. Temporary employees are eligible for Employer matching contributions upon completion of 1,000 hours of service in their first year of employment or any Plan year following their first year of employment. All Employer matching deposits were invested solely in the Willis Stock Fund and credited to the Stock-Based Company Matching Deposit Account through October 31, 2004. Effective November 1, 2004, the Employer’s matching contributions are participant directed. | ||||
Participant Accounts—Each participant’s account is credited with the participant’s contributions and allocations of (a) the Employer’s contribution and (b) Plan earnings, and charged with an allocation of administrative expenses. Allocations of earnings are made daily. | ||||
At December 31, 2004, participant and Employer matching contributions may be invested in any combination of the following: |
MetLife Guaranteed Fixed Income Fund
MetLife Stock Market Index Guarantee Account
Harris Associates—Oakmark Fund
Loomis Sayles Small Cap Value Fund
Templeton Foreign Fund
Harris Associates—Oakmark Select Fund
Janus Fund
Baron Asset Fund
Baron Growth Fund
PIMCO Total Return Fund
PIMCO High Yield Bond Fund
Willis Stock Fund
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In addition, participants have the option of transferring amounts from the above funds into a self-directed brokerage account. The MetLife Guaranteed Fixed Income Fund is invested in group annuity insurance contracts (“GAIC”) with Metropolitan Life Insurance Company (“MLIC”). | ||||
Payment of Benefits—Participants are eligible for distributions upon retirement, disability, termination of service, or death. Special provisions allow for earlier distributions of participants’ contributions and earnings thereon, and vested Employer contributions and earnings thereon, as hardship withdrawals, subject to certain IRS regulations. Upon receiving a hardship withdrawal, a participant’s contributions to the Plan will automatically be suspended for a period of six months. Distributions of accounts are made in lump-sum amounts and are made in cash or, if a participant elects, in the form of Company common shares. For the plan year ended December 31, 2004, $211,586 was distributed in the form of Company common shares. Benefit payments requested but not yet paid totaled $269,600 and $0 at December 31, 2004 and 2003, respectively. | ||||
Vesting—A participant’s contributions and earnings thereon are immediately fully vested. Employer contributions and earnings thereon partially vest after two years of service. Employer contributions and earnings thereon fully vest after five years of service with the Company, or a predecessor company, or as soon as the employee reaches the age of 65, dies or becomes disabled, whichever occurs first. | ||||
Participant Loans—Participants may borrow from their fund accounts up to a maximum of $50,000 or 50% of their account balance, whichever is less. The loans are secured by the balance in the participant’s account and bear interest at rates that range from 5% to 10.5%, which are commensurate with prevailing rates as determined by the Plan administrator. Principal and interest is paid ratably through payroll deductions. | ||||
Forfeitures—Terminating participants forfeit all nonvested Employer contributions. The forfeitures are used to offset future Employer contributions. Forfeited nonvested accounts totaled $599,918 and $258,549 at December 31, 2004 and 2003, respectively. | ||||
Plan Termination—Although the Company has not expressed any intent to terminate the Plan, it may cease making contributions or terminate the Plan, at any time, subject to the provisions of ERISA. Upon termination of the Plan, partial termination or complete discontinuance of the Employer’s contributions to the Plan, the balance in each participant’s or retired participant’s account becomes nonforfeitable and each participant, retired participant, or beneficiary is entitled to receive any amounts then credited to his/her account in the trust fund, provided that the Company may elect to continue the trust and make payments therefrom, pursuant to the terms of the Plan. |
2. | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
Basis of Accounting—The accompanying financial statements of the Plan have been prepared on the accrual basis of accounting. | ||||
Valuation of Investments—The fair value of investments in securities and in mutual funds is based upon closing market quotations as of the last business day of the plan year. The investment in GAICs is reflected in the accompanying financial statements at the contract value reported to the Plan by MLIC at December 31, 2004 and 2003, which approximates fair value. Purchases and sales of securities are recorded on a trade-date basis. The average cost method is used in determining the cost of investments sold. | ||||
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. Actual results could differ from those estimates. The Plan utilizes various investment instruments, including mutual funds and investment contracts. Investment securities, in general, are exposed to various risks, such as interest rate, credit, and overall market volatility. Due to the level of risk associated with certain investment securities, it is reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect the amounts reported in the financial statements. |
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Payment of Benefits—Benefits are recorded when paid. |
3. | INVESTMENTS |
Amounts invested in the GAICs are commingled with the other investments of the general accounts of the MLIC. Interest is allocated based upon a contractual arrangement and is credited monthly. The crediting rate and average yield was 3.0% and 2.7% at December 31, 2004 and 2003, respectively. | ||||
Individual investments which represent greater than 5% of the Plan’s net assets are as follows: |
As of December 31, 2004: | |||||
MetLife Guaranteed Fixed Income Fund | $ | 57,175,972 | |||
MetLife Stock Market Index Guarantee Account | 45,645,802 | ||||
Loomis Sayles Small Cap Value Fund | 15,014,188 | ||||
Harris Associates—Oakmark Fund | 25,376,728 | ||||
Harris Associates—Oakmark Select Fund | 13,032,016 | ||||
* | Willis Stock Fund | 33,253,597 | |||
As of December 31, 2003: | |||||
MetLife Guaranteed Fixed Income Fund | $ | 57,434,527 | |||
MetLife Stock Market Index Guarantee Account | 45,475,649 | ||||
Harris Associates—Oakmark Fund | 23,539,531 | ||||
* | Willis Stock Fund | 27,656,746 | |||
* | Includes nonparticipant directed amounts of $0 and $12,656,097 at December 31, 2004 and 2003, respectively. |
During 2004, the Plan’s investments (including gains and losses on investments bought and sold, as well as held during the year) appreciated in value by $20,011,418 as follows: |
Mutual funds | $ | 15,627,338 | ||
Common stock | 4,343,305 | |||
Corporate bonds | 5,510 | |||
U.S. government securities | 35,265 | |||
$ | 20,011,418 | |||
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4. | NONPARTICIPANT-DIRECTED INVESTMENTS |
Information about the net assets as of December 31, 2004 and 2003 and the significant components of the changes in net assets for the year ended December 31, 2004 relating to the nonparticipant-directed investments is as follows: |
2004 | 2003 | |||||||
Net assets— | ||||||||
INVESTMENTS—At fair value | $ | — | $ | 12,656,097 | ||||
Changes in net assets: | ||||||||
Contributions from Employer—net of forfeitures | $ | 1,882,059 | ||||||
Net realized and unrealized appreciation in fair value of investments | 743,426 | |||||||
Benefits paid to participants | (580,822 | ) | ||||||
Fees paid by participants | (3,367 | ) | ||||||
Transfers to participant-directed investments | (14,697,393 | ) | ||||||
$ | (12,656,097 | ) | ||||||
5. | INCOME TAX STATUS |
The Plan has received a determination letter from the IRS dated October 30, 2003, stating that the Plan is qualified under Section 401(a) of the Internal Revenue Code (the “Code”) and therefore, the related trust is exempt from taxation. The Plan is required to operate in conformity with the Code to maintain its qualification. The Plan Administrator believes the Plan is being operated in compliance with the applicable requirements of the Code and, therefore, believes that the Plan is qualified and the related trust is tax exempt. |
6. | TRANSACTIONS WITH PARTIES-IN-INTEREST |
Transactions with parties-in-interest include contributions from the Company and various funds managed by MLIC, the trustee of the Plan and, therefore, these transactions qualify as party-in-interest transactions. Administrative expenses of the Plan not borne by participants are paid by the Company. The Company paid no such expenses in 2004. |
7. | VOLUNTARY CORRECTION PROGRAM |
On March 29, 2004, the Company received a compliance statement from the IRS under the Voluntary Correction Program (“VCP”). The compliance statement was obtained with respect to an operational oversight regarding the Plan years 1992 through 1999, whereby benefits from the Plan and Willis North America Inc. Pension Plan exceeded the combined plans’ limits under Internal Revenue Code Section 415(e). Consistent with common practice, compliance testing was performed during this period; however, the additional level of testing required by IRC 415(e) was not performed for all employees from 1992 through 1999. IRC 415(e) has since been repealed; therefore, the same failures cannot reoccur. |
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As a result of the operational oversight, the Plan reimbursed participants in the amount of $4,451,268 in 2004. In addition, the Plan transferred $1,478,083 of 1992-1999 Employer contributions from participants’ accounts to a forfeitures account in 2004. These forfeitures will be used to offset future Employer contributions. The forfeitures account balance at December 31, 2004 was $1,044,216. |
8. | RECONCILIATION OF FINANCIAL STATEMENTS TO FORM 5500 |
The following is a reconciliation of the benefits paid to participants in the financial statements to the Form 5500 for the year ended December 31, 2004: |
Benefits paid to participants per the financial statements | $ | 20,965,406 | ||
Excess contributions refunded to participants | 4,451,268 | |||
Benefits paid to participants per the Form 5500 | $ | 25,416,674 | ||
The following is a reconciliation of the net assets available for benefits in the financial statements to the Form 5500 as of December 31, 2003: |
Net assets available for benefits per the financial statements at beginning of year | $ | 229,184,617 | ||
Excess contributions payable | 4,414,932 | |||
Other liabilities | (10 | ) | ||
Net assets available for benefits per the Form 5500 | $ | 233,599,539 | ||
*****
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WILLIS NORTH AMERICA INC.
FINANCIAL SECURITY PARTNERSHIP PLAN
FORM 5500, SCHEDULE H, PART IV, LINE 4i- SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2004
Identity of issue, borrower, lessor or | Description of investment including | Cost** | Current value | ||||||||||||
similar party | maturity date, rate of interest, collateral, | ||||||||||||||
par, or maturity value | |||||||||||||||
* | METLIFE GUARANTEED FIXED INCOME FUND | Group Annuity Insurance Contracts | $ | 57,175,972 | |||||||||||
SCHWAB MONEY MARKET FUND | Money Market | 2,357,332 | |||||||||||||
* | WILLIS STOCK FUND | Mutual Funds | 33,253,597 | ||||||||||||
BARON ASSET FUND | Mutual Funds | 5,845,302 | |||||||||||||
BARON GROWTH FUND | Mutual Funds | 8,126,025 | |||||||||||||
FRANKLIN TEMPLETON FOREIGN FUND | Mutual Funds | 8,935,247 | |||||||||||||
PIMCO HIGH YIELD BOND FUND | Mutual Funds | 3,210,185 | |||||||||||||
PIMCO TOTAL RETURN FUND | Mutual Funds | 11,736,273 | |||||||||||||
* | METLIFE STOCK MARKET INDEX GUARANTEE ACCOUNT | Mutual Funds | 45,645,802 | ||||||||||||
JANUS FUND | Mutual Funds | 11,296,049 | |||||||||||||
LOOMIS SAYLES SMALL CAP VALUE FUND | Mutual Funds | 15,014,188 | |||||||||||||
HARRIS ASSOCIATES- OAKMARK FUND | Mutual Funds | 25,376,728 | |||||||||||||
HARRIS ASSOCIATES- OAKMARK SELECT FUND | Mutual Funds | 13,032,016 | |||||||||||||
ABERDEEN ASIA PAC INCOME | Mutual Funds | 34,865 | |||||||||||||
AIM AGGRESSIVE GROWTH FD CL A | Mutual Funds | 22,648 | |||||||||||||
AIM BASIC VALUE FUND CL A | Mutual Funds | 23,540 | |||||||||||||
AIM CONSTELLATION FUND | Mutual Funds | 16,729 | |||||||||||||
AIM LARGE CAP BASIC VALUE CL I | Mutual Funds | 10,346 | |||||||||||||
AIM TECHNOLOGY FUND | Mutual Funds | 12,919 | |||||||||||||
AIM TOTAL RETURN FUND | Mutual Funds | 16,930 | |||||||||||||
AIM WEINGARTEN FUND CL A | Mutual Funds | 11,687 | |||||||||||||
ALLIANCEBER SMALL CP VALUE CL A | Mutual Funds | 32,971 | |||||||||||||
ALPINE REALTY INCOME & GROWTH FD Y | Mutual Funds | 10,019 | |||||||||||||
ALPINE US REAL ESTATE EQUITY CL Y | Mutual Funds | 10,033 | |||||||||||||
AMCENT: BENHAM INTERNATIONAL BOND | Mutual Funds | 85,453 | |||||||||||||
AMER AADVANTAGE INTL EQ PLANAHEAD | Mutual Funds | 29,012 | |||||||||||||
AMERICAN CENTURY GOVERNMENT BOND | Mutual Funds | 37,253 | |||||||||||||
AMERICAN CENTURY INTL GROWTH INV | Mutual Funds | 10,528 | |||||||||||||
AMERICAN CENTURY SMALL CAP VALUE FD | Mutual Funds | 8,581 | |||||||||||||
AMERICAN INVESTMENT CO OF AMERICA | Mutual Funds | 1,172 | |||||||||||||
AMERICAN LAND LEASE INC | Mutual Funds | 11,847 | |||||||||||||
ARTISAN INTERNATIONAL FUND | Mutual Funds | 4,556 | |||||||||||||
ARTISAN INTERNATIONAL VALUE FUND | Mutual Funds | 24,197 | |||||||||||||
ARTISAN MIDCAP VALUE FUND | Mutual Funds | 34,177 | |||||||||||||
BARON ASSET FUND | Mutual Funds | 31,869 | |||||||||||||
BUFFALO MID CAP FUND | Mutual Funds | 10,684 | |||||||||||||
CALAMOS GROWTH & INCOME FUND CL A | Mutual Funds | 27,433 | |||||||||||||
CALAMOS GROWTH FD CL A | Mutual Funds | 76,016 | |||||||||||||
CALIFORNIA NASDAQ-100 INDEX FD | Mutual Funds | 679 | |||||||||||||
CGM REALTY FUND | Mutual Funds | 2,861 | |||||||||||||
CHASE GROWTH FUND | Mutual Funds | 3,377 | |||||||||||||
CLIPPER FUND | Mutual Funds | 4,383 | |||||||||||||
COLUMBIA REAL ESTATE EQUITY FD CL Z | Mutual Funds | 42,521 | |||||||||||||
COMMERCIAL NET LEASE RLTY INC | Mutual Funds | 14,832 | |||||||||||||
COMMUNICATIONS FOCUS FUND | Mutual Funds | 2,068 | |||||||||||||
CONSTELLATION TIP HEALTH BIOTECH II | Mutual Funds | 10,878 | |||||||||||||
CREDIT SUISSE GLOBAL POST-VENTURE | Mutual Funds | 14,678 | |||||||||||||
DAVIS NEW YORK VENTURE FUND CLASS A | Mutual Funds | 92,498 | |||||||||||||
DEVL DIVERSIFIED RLTY | Mutual Funds | 6,877 | |||||||||||||
DFA FIVE-YEAR GLOBALFIXED INC PORT | Mutual Funds | 21,527 | |||||||||||||
DFA REAL-ESTATE SECURITIES PORTFOLIO | Mutual Funds | 35,883 | |||||||||||||
DFA TWO-YEAR GLOBAL FIXED-INCOME | Mutual Funds | 15,961 | |||||||||||||
DFA U S LARGE CAP VALUE PORTFOLIO | Mutual Funds | 30,702 | |||||||||||||
DFA U S LARGE COMPANY PORTFOLIO | Mutual Funds | 17,324 | |||||||||||||
DFA US MICRO CAP PORT | Mutual Funds | 6,765 | |||||||||||||
DFA US SMALL CAP VALUEPORT | Mutual Funds | 23,616 | |||||||||||||
DODGE & COX BALANCED FUND | Mutual Funds | 1,483 | |||||||||||||
DODGE & COX INCOME FUND | Mutual Funds | 14,535 | |||||||||||||
DODGE & COX STOCK FUND | Mutual Funds | 19,348 | |||||||||||||
DREYFUS SMALL CO VALUE FD | Mutual Funds | 37,405 | |||||||||||||
EATON VANCE WORLDWIDE HEALTH SCIENCE | Mutual Funds | 29,320 | |||||||||||||
EVERGREEN HEALTH CARE FUND CL A | Mutual Funds | 31,280 | |||||||||||||
EXCELSIOR VAL & RESTRUCT. FD | Mutual Funds | 28,108 | |||||||||||||
FBR GAS UTILITY INDEX FUND | Mutual Funds | 10,072 | |||||||||||||
FBR SMALL CAP FINANCIAL FUND | Mutual Funds | 64,335 | |||||||||||||
FEDERATED INCOME TRUST INSTITUTIONAL | Mutual Funds | 2,643 | |||||||||||||
FEDERATED SHORT-TERM INCOME FD INSTL | Mutual Funds | 4,687 | |||||||||||||
FEDERATED US GOVT SECS 2-5 INSTL | Mutual Funds | 14,990 | |||||||||||||
FIDELITY FUND | Mutual Funds | 7,194 | |||||||||||||
FIDELITY GROWTH COMPANY NAV | Mutual Funds | 30,611 | |||||||||||||
FIDELITY OVERSEAS FUND | Mutual Funds | 16,535 | |||||||||||||
FIDELITY SELECT DEVELOPING COMM | Mutual Funds | 1,069 |
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WILLIS NORTH AMERICA INC.
FINANCIAL SECURITY PARTNERSHIP PLAN
FORM 5500, SCHEDULE H, PART IV, LINE 4i- SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2004
Identity of issue, borrower, lessor or | Description of investment including | Cost** | Current value | ||||||||||||
similar party | maturity date, rate of interest, collateral, | ||||||||||||||
par, or maturity value | |||||||||||||||
FIDELITY SELECT ELECTRS PORTFOLIO | Mutual Funds | $ | 10,690 | ||||||||||||
FIDELITY SELECT HEALTH CARE | Mutual Funds | 5,834 | |||||||||||||
FIDELITY SELECT SOFTWARE & COMPUTER | Mutual Funds | 26,325 | |||||||||||||
FIDELITY SELECT TELECOMMUNICATIONS | Mutual Funds | 1,087 | |||||||||||||
FIDELITY SLCT COMPUTERS | Mutual Funds | 14,199 | |||||||||||||
FIDELITY SLCT TECHNOLOGY | Mutual Funds | 25,990 | |||||||||||||
FIDELITY SLCT TECHNOLOGY | Mutual Funds | 12,395 | |||||||||||||
FIDELITY UTILITIES FUND NAV | Mutual Funds | 6,225 | |||||||||||||
FIRST AMERICAN SMALL CAP GROWTH | Mutual Funds | 3,726 | |||||||||||||
FIRST AMERICAN TECHNOLOGY FD | Mutual Funds | 205 | |||||||||||||
FIRST EAGLE GLOBAL FUND | Mutual Funds | 37,903 | |||||||||||||
FIRST EAGLE OVERSEAS FUND | Mutual Funds | 24,143 | |||||||||||||
FIRST SOURCE MONOGRAM SPECIAL EQUITY | Mutual Funds | 9,228 | |||||||||||||
FIRSTHAND E-COMMERCE FD | Mutual Funds | 2,206 | |||||||||||||
FIRSTHAND TECH INNOVATORS FD | Mutual Funds | 3,354 | |||||||||||||
FIRSTHAND TECH LEADERS FUND | Mutual Funds | 546 | |||||||||||||
FIRSTHAND TECHNOLOGY VALUE FD | Mutual Funds | 21,930 | |||||||||||||
FRIEDMAN BILLINGS GP NEW | Mutual Funds | 24,431 | |||||||||||||
GABELLI GOLD FD INC | Mutual Funds | 2,463 | |||||||||||||
GABELLI GROWTH FUND | Mutual Funds | 12,178 | |||||||||||||
GATEWAY FUND | Mutual Funds | 4,452 | |||||||||||||
HARBOR SMALL-CAP GROWTH FUND INV CL | Mutual Funds | 3,167 | |||||||||||||
HARBOR SMALL-CAP VALUE | Mutual Funds | 4,180 | |||||||||||||
HEALTH CARE FOCUS FUND | Mutual Funds | 6,324 | |||||||||||||
HENLOPEN FUND | Mutual Funds | 5,575 | |||||||||||||
HENNESSY CORNERSTONE GROWTH FUND | Mutual Funds | 23,265 | |||||||||||||
HENNESSY CORNERSTONE VALUE FD | Mutual Funds | 6,241 | |||||||||||||
ICON INFORMATION TECHNOLOGY FD CL A | Mutual Funds | 4,951 | |||||||||||||
ING INTERMEDIATE BOND FUND CL A | Mutual Funds | 2,646 | |||||||||||||
INST’L SLCT S&P 500 INDEX | Mutual Funds | 43,095 | |||||||||||||
INTERNET FUND | Mutual Funds | 11,015 | |||||||||||||
ISTAR FINANCIAL INC | Mutual Funds | 4,744 | |||||||||||||
J F CHINA REGION FUND INC | Mutual Funds | 34,560 | |||||||||||||
JACOB INTERNET FUND | Mutual Funds | 39,098 | |||||||||||||
JANUS BALANCED FUND | Mutual Funds | 29 | |||||||||||||
JANUS CONTRARIAN FUND | Mutual Funds | 13,545 | |||||||||||||
JANUS FUND | Mutual Funds | 27,925 | |||||||||||||
JANUS GLOBAL TECHNOLOGY FD | Mutual Funds | 4,356 | |||||||||||||
JANUS GROWTH & INCOME FUND | Mutual Funds | 37,558 | |||||||||||||
JANUS MERCURY FUND | Mutual Funds | 50,541 | |||||||||||||
JANUS MID CAP VALUE INV SHARES | Mutual Funds | 4,312 | |||||||||||||
JANUS OLYMPUS FUND | Mutual Funds | 4,972 | |||||||||||||
JANUS OVERSEAS FUND | Mutual Funds | 26,948 | |||||||||||||
JANUS TWENTY FUND | Mutual Funds | 13,686 | |||||||||||||
JANUS WORLDWIDE FUND | Mutual Funds | 7,057 | |||||||||||||
JENSEN PORTFOLIO CLASS J | Mutual Funds | 5,881 | |||||||||||||
JULIUS BAER INTL EQUITY FD A | Mutual Funds | 4,805 | |||||||||||||
LEUTHOLD CORE INVESTMENT FUND | Mutual Funds | 5,193 | |||||||||||||
LEXINGTON CORPORATE PPTYS TR | Mutual Funds | 1,166 | |||||||||||||
LOOMIS SAYLES BOND FUND | Mutual Funds | 22,957 | |||||||||||||
MANAGERS VALUE FUND | Mutual Funds | 62,238 | |||||||||||||
MARSICO 21ST CENTURY FD | Mutual Funds | 5,791 | |||||||||||||
MARSICO INTL OPPORTUNITIES FD | Mutual Funds | 5,305 | |||||||||||||
MERGER FUND | Mutual Funds | 15,306 | |||||||||||||
MUHLENKAMP FD | Mutual Funds | 5,878 | |||||||||||||
NAVELLIER AGGRESSIVE MICRO CAP | Mutual Funds | 7,867 | |||||||||||||
NB FOCUS FD | Mutual Funds | 3,664 | |||||||||||||
NEW PERSPECTIVE FUND | Mutual Funds | 1,328 | |||||||||||||
NEWCASTLE INVESTMENT CP | Mutual Funds | 3,307 | |||||||||||||
OAKMARK EQUITY INCOME FD | Mutual Funds | 2,235 | |||||||||||||
OAKMARK FUND | Mutual Funds | 38,963 | |||||||||||||
OAKMARK GLOBAL FUND CL I | Mutual Funds | 13,342 | |||||||||||||
OAKMARK SELECT FD | Mutual Funds | 45,231 | |||||||||||||
OPPENHEIMER INTL BOND FD CL A | Mutual Funds | 4,122 | |||||||||||||
PARNASSUS EQUITY INCOME FD | Mutual Funds | 4,594 | |||||||||||||
PAYDEN GROWTH & INCOME CL R | Mutual Funds | 3,207 | |||||||||||||
PBHG LARGE CAP GROWTH FD | Mutual Funds | 3,399 | |||||||||||||
PBHG TECHNOLOGY & COMMUNICATIONS FD | Mutual Funds | 11,676 | |||||||||||||
PIMCO CORPORATE OPPTY FD | Mutual Funds | 2,440 | |||||||||||||
PIMCO EMERGING MARKETS BOND FD CL D | Mutual Funds | 15,942 | |||||||||||||
PIMCO LOW-DURATION FUND INSTL CLASS | Mutual Funds | 12,868 | |||||||||||||
PIMCO RCM BIOTECHNOLOGY CL D | Mutual Funds | 17,520 |
10
Table of Contents
WILLIS NORTH AMERICA INC.
FINANCIAL SECURITY PARTNERSHIP PLAN
FORM 5500, SCHEDULE H, PART IV, LINE 4i- SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2004
Identity of issue, borrower, lessor or | Description of investment including | Cost** | Current value | ||||||||||||
similar party | maturity date, rate of interest, collateral, | ||||||||||||||
par, or maturity value | |||||||||||||||
PIMCO RCM GLOBAL HEALTHCARE CLASS D | Mutual Funds | $ | 17,379 | ||||||||||||
PIMCO RCM GLOBAL TECH CL D | Mutual Funds | 7,819 | |||||||||||||
PIMCO RCM INNOVATION FUND CL D | Mutual Funds | 18,808 | |||||||||||||
PIMCO REAL RETURN FD CL D | Mutual Funds | 19,427 | |||||||||||||
PIMCO RENAISSANCE FUND CLASS D | Mutual Funds | 28,134 | |||||||||||||
PIN OAK AGGRESSIVE STOCK | Mutual Funds | 2,744 | |||||||||||||
PIONEER HIGH YIELD FD CL A | Mutual Funds | 2,679 | |||||||||||||
PRIMEWEST ENERGY TR NEW | Mutual Funds | 1,442 | |||||||||||||
PUTNAM GROWTH & INCOME CL A | Mutual Funds | 8,643 | |||||||||||||
RAINIER SMALL/MID-CAP EQUITY PORT | Mutual Funds | 8,726 | |||||||||||||
RED OAK TECHNOLOGY | Mutual Funds | 267 | |||||||||||||
ROYCE FUND PREMIER SERIES | Mutual Funds | 45,765 | |||||||||||||
ROYCE LOW PRICED STOCK FD | Mutual Funds | 27,591 | |||||||||||||
ROYCE TOTAL RETURN FD | Mutual Funds | 12,310 | |||||||||||||
RS DIVERSIFIED GROWTH FUND | Mutual Funds | 3,575 | |||||||||||||
RS EMERGING GROWTH FUND | Mutual Funds | 13,214 | |||||||||||||
RS GLOBAL NATURAL RESOURCES FUND | Mutual Funds | 5,045 | |||||||||||||
RYDEX BIOTECHNOLOGY FUND | Mutual Funds | 1,212 | |||||||||||||
SCHWAB 1000 FUND | Mutual Funds | 53,736 | |||||||||||||
SCHWAB DIVIDEND EQUITY | Mutual Funds | 32,429 | |||||||||||||
SCHWAB S/T BOND MARKET INDEX FUND | Mutual Funds | 9,846 | |||||||||||||
SCHWAB SMALL CAP INDEX SELECT | Mutual Funds | 9,429 | |||||||||||||
SCUDDER FLAG INVESTORS VAL BUILDERA | Mutual Funds | 90,439 | |||||||||||||
SCUDDER GLOBAL FUND INC | Mutual Funds | 6,722 | |||||||||||||
SCUDDER GREATER EUROPE | Mutual Funds | 6,837 | |||||||||||||
SCUDDER MICRO CAP INVESTMENT CLASS | Mutual Funds | 14,008 | |||||||||||||
SCUDDER SMALL CAP GROWTH INV CL | Mutual Funds | 12,130 | |||||||||||||
SEI EMERGING MARKETS EQUITY FD | Mutual Funds | 15,966 | |||||||||||||
SEI LARGE CAP GROWTH FUND CL A | Mutual Funds | 40,020 | |||||||||||||
SEI SMALL CAP GROWTH | Mutual Funds | 17,785 | |||||||||||||
SEI SMALL CAP VALUE FUND CL A | Mutual Funds | 17,836 | |||||||||||||
STRONG GOVERNMENT SECURITIES FUND | Mutual Funds | 10,461 | |||||||||||||
STRONG GROWTH FUND | Mutual Funds | 4,773 | |||||||||||||
STRONG MID CAP DISCIPLINED FUND | Mutual Funds | 32,566 | |||||||||||||
STRONG TECHNOLOGY 100 FUND | Mutual Funds | 463 | |||||||||||||
T ROWE PRICE BLUE CHIP GROWTH FUND | Mutual Funds | 28,335 | |||||||||||||
T ROWE PRICE CAPITAL APPRECIATION FD | Mutual Funds | 28,066 | |||||||||||||
T ROWE PRICE EQUITY INCOME FUND | Mutual Funds | 40,429 | |||||||||||||
T ROWE PRICE GROWTH STOCK FUND | Mutual Funds | 12,217 | |||||||||||||
T ROWE PRICE INTERNATIONAL BOND FUND | Mutual Funds | 18,573 | |||||||||||||
T ROWE PRICE INTL EUROPEAN STOCK FD | Mutual Funds | 2,166 | |||||||||||||
T ROWE PRICE INTL STOCK FD | Mutual Funds | 28,202 | |||||||||||||
T ROWE PRICE MID-CAPITAL GROWTH FUND | Mutual Funds | 45,116 | |||||||||||||
T ROWE PRICE NEW ASIA FUND | Mutual Funds | 14,018 | |||||||||||||
T ROWE PRICE NEW INCOME FUND | Mutual Funds | 24,853 | |||||||||||||
T ROWE PRICE SMALL CAP STOCK FUND | Mutual Funds | 12,364 | |||||||||||||
T ROWE PRICE SMALL-CAPITAL VALUE FD | Mutual Funds | 30,351 | |||||||||||||
T ROWE PRICE VALUE FUND | Mutual Funds | 14,539 | |||||||||||||
TECHNOLOGY FOCUS FUND | Mutual Funds | 2,470 | |||||||||||||
TEMPLETON EMERGING MKT FD | Mutual Funds | 22,275 | |||||||||||||
TEMPLETON FOREIGN FD CL A | Mutual Funds | 9,976 | |||||||||||||
TEMPLETON GLOBAL INCOME FD INC | Mutual Funds | 44,817 | |||||||||||||
TEMPLETON WORLD FD CL A | Mutual Funds | 32,407 | |||||||||||||
THIRD AVE REAL ESTATE VALUE FD | Mutual Funds | 7,533 | |||||||||||||
THOMPSON PLUMB GROWTH FUND | Mutual Funds | 16,049 | |||||||||||||
TORRAY FUND | Mutual Funds | 19,622 | |||||||||||||
TURNER MIDCAP GROWTH FUND CL I | Mutual Funds | 3,543 | |||||||||||||
TWEEDY BROWNE GLOBAL VALUE FUND | Mutual Funds | 613 | |||||||||||||
U S GLOBAL REGENT EASTERN EUROPEAN | Mutual Funds | 3,217 | |||||||||||||
VAN WAGONER POST VENTURE FD | Mutual Funds | 1,716 | |||||||||||||
VANGUARD 500 INDEX FD INVESTOR SHS | Mutual Funds | 117,433 | |||||||||||||
VANGUARD CONV SECS FD | Mutual Funds | 46,425 | |||||||||||||
VANGUARD DEVELOPMENT MKTS INDEX | Mutual Funds | 38,895 | |||||||||||||
VANGUARD ENERGY FUND | Mutual Funds | 41,972 | |||||||||||||
VANGUARD GNMA FUND INVESTOR SHS | Mutual Funds | 62,823 | |||||||||||||
VANGUARD GROWTH & INCOME | Mutual Funds | 15,713 | |||||||||||||
VANGUARD GROWTH INDEX FD | Mutual Funds | 58,977 | |||||||||||||
VANGUARD HEALTH CARE FUND | Mutual Funds | 24,722 | |||||||||||||
VANGUARD HIGH-YIELD CORPORATE FD | Mutual Funds | 17,943 | |||||||||||||
VANGUARD INFLATION PROTECTED SEC FD | Mutual Funds | 14,055 | |||||||||||||
VANGUARD INTERNATIONAL VALUE PORT | Mutual Funds | 10,962 | |||||||||||||
VANGUARD INTL GROWTH PORTFOLIO | Mutual Funds | 2,372 |
11
Table of Contents
WILLIS NORTH AMERICA INC.
FINANCIAL SECURITY PARTNERSHIP PLAN
FORM 5500, SCHEDULE H, PART IV, LINE 4i- SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2004
Identity of issue, borrower, lessor or | Description of investment including | Cost** | Current value | |||||||||||
similar party | maturity date, rate of interest, collateral, | |||||||||||||
par, or maturity value | ||||||||||||||
VANGUARD LONG TERM INVESTMENT GRADE | Mutual Funds | $ | 7,944 | |||||||||||
VANGUARD REIT INDEX FUND | Mutual Funds | 81,383 | ||||||||||||
VANGUARD SMALL CAP GROWTH INDEX FD | Mutual Funds | 11,105 | ||||||||||||
VANGUARD SMALL-CAP INDEX FUND | Mutual Funds | 89,876 | ||||||||||||
VANGUARD TOTAL BD MARKET INDEX FD | Mutual Funds | 39,973 | ||||||||||||
VANGUARD TOTAL INT’L STOCK INDEX FD | Mutual Funds | 8,130 | ||||||||||||
VANGUARD U S GROWTH FUND | Mutual Funds | 19,248 | ||||||||||||
VANGUARD VALUE INDEX FUND | Mutual Funds | 43,973 | ||||||||||||
VANGUARD WELLESLEY INCOME FUND | Mutual Funds | 15,991 | ||||||||||||
VANGUARD WELLINGTON FUND | Mutual Funds | 30,408 | ||||||||||||
VANGUARD WINDSOR FUND | Mutual Funds | 4,440 | ||||||||||||
VANGUARD WINDSOR II PORTFOLIO | Mutual Funds | 11,754 | ||||||||||||
WASATCH INT’L GROWTH FD | Mutual Funds | 10,346 | ||||||||||||
WEITZ VALUE PORTFOLIO | Mutual Funds | 37,661 | ||||||||||||
WELLS FARGO INTL EQUITY | Mutual Funds | 739 | ||||||||||||
WELLS FARGO LARGE CO GROWTH FD CL A | Mutual Funds | 3,176 | ||||||||||||
WHITE OAK GROWTH STOCK | Mutual Funds | 104,475 | ||||||||||||
WILLIAM BLAIR INTL GRWTH FD | Mutual Funds | 4,554 | ||||||||||||
WILSHIRE LG CO GROWTH — IVESTMNT | Mutual Funds | 11,438 | ||||||||||||
WIRELESS FUND | Mutual Funds | 221 | ||||||||||||
IBRD WORLD BK BOND | $ | 1,000 | principal amount due 1/27/05 | 1,003 | ||||||||||
US TREASURY STRIP | $ | 15,000 | principal amount due 11/15/06 | 14,178 | ||||||||||
US TREASURY STRIP | $ | 12,000 | principal amount due 11/15/07 | 10,943 | ||||||||||
US TREASURY STRIP | $ | 12,000 | principal amount due 11/15/08 | 10,505 | ||||||||||
US TREASURY STRIP | $ | 12,000 | principal amount due 11/15/09 | 10,081 | ||||||||||
US TREASURY STRIP | $ | 12,000 | principal amount due 11/15/10 | 9,616 | ||||||||||
US TREASURY STRIP | $ | 12,000 | principal amount due 11/15/11 | 9,106 | ||||||||||
US TREASURY STRIP | $ | 12,000 | principal amount due 11/15/12 | 8,646 | ||||||||||
US TREASURY STRIP | $ | 12,000 | principal amount due 11/15/13 | 8,192 | ||||||||||
FORD MTR CR CO | $ | 1,000 | principal amount due 12/08/05 | 1,030 | ||||||||||
US TREASURY STRIP | $ | 12,000 | principal amount due 2/01/06 | 9,718 | ||||||||||
US TREASURY STRIP | $ | 15,000 | principal amount due 2/15/07 | 14,063 | ||||||||||
US TREASURY STRIP | $ | 12,000 | principal amount due 2/15/08 | 10,849 | ||||||||||
US TREASURY STRIP | $ | 12,000 | principal amount due 2/15/09 | 10,393 | ||||||||||
US TREASURY STRIP | $ | 12,000 | principal amount due 2/15/10 | 9,937 | ||||||||||
US TREASURY STRIP | $ | 12,000 | principal amount due 2/15/11 | 9,446 | ||||||||||
US TREASURY STRIP | $ | 12,000 | principal amount due 2/15/12 | 8,983 | ||||||||||
US TREASURY STRIP | $ | 12,000 | principal amount due 5/15/07 | 11,149 | ||||||||||
US TREASURY STRIP | $ | 12,000 | principal amount due 5/15/08 | 10,729 | ||||||||||
US TREASURY STRIP | $ | 12,000 | principal amount due 5/15/09 | 10,285 | ||||||||||
US TREASURY STRIP | $ | 12,000 | principal amount due 5/15/10 | 9,851 | ||||||||||
US TREASURY STRIP | $ | 12,000 | principal amount due 5/15/11 | 9,336 | ||||||||||
US TREASURY STRIP | $ | 12,000 | principal amount due 5/15/12 | 8,867 | ||||||||||
US TREASURY STRIP | $ | 12,000 | principal amount due 5/15/13 | 8,419 | ||||||||||
US TREASURY STRIP | $ | 12,000 | principal amount due 8/15/07 | 11,040 | ||||||||||
US TREASURY STRIP | $ | 12,000 | principal amount due 8/15/08 | 10,633 | ||||||||||
US TREASURY STRIP | $ | 12,000 | principal amount due 8/15/09 | 10,172 | ||||||||||
FORD MTR CRDT | $ | 1,000 | principal amount due 8/15/10 | 1,024 | ||||||||||
U S TREAS STRIP | $ | 12,000 | principal amount due 8/15/10 | 8,530 | ||||||||||
U S TREAS STRIP | $ | 12,000 | principal amount due 8/15/10 | 8,083 | ||||||||||
US TREASURY STRIP | $ | 12,000 | principal amount due 8/15/11 | 9,215 | ||||||||||
US TREASURY STRIP | $ | 12,000 | principal amount due 8/15/12 | 8,756 | ||||||||||
US TREASURY STRIP | $ | 12,000 | principal amount due 8/15/13 | 8,303 | ||||||||||
1/100 BERKSHIRE HTWY CL A | 100 | shares of common stock | 87,900 | |||||||||||
1ST STATE BANCORP INC | 104 | shares of common stock | 3,004 | |||||||||||
AARON RENTS INC | 500 | shares of common stock | 12,500 | |||||||||||
ABBOTT LABORATORIES | 275 | shares of common stock | 12,829 | |||||||||||
ABIOMED INC | 43 | shares of common stock | 664 | |||||||||||
AEGIS ASSESSMENTS INC | 475 | shares of common stock | 974 | |||||||||||
AES CORP | 1,900 | shares of common stock | 25,973 | |||||||||||
AGERE SYSTEMS INC CL A | 34 | shares of common stock | 47 | |||||||||||
AGERE SYSTEMS INC CL B | 1,063 | shares of common stock | 1,435 | |||||||||||
AGRIUM INC | 300 | shares of common stock | 5,055 | |||||||||||
AIR PRODS & CHEMS INC | 400 | shares of common stock | 23,211 | |||||||||||
ALLIANCE CAP MGMT HLDG LP | 25 | shares of common stock | 1,050 | |||||||||||
ALLIED CAP CORP NEW | 97 | shares of common stock | 2,502 | |||||||||||
ALLSTATE CORP | 237 | shares of common stock | 12,250 | |||||||||||
ALNYLAM PHARMACEUTICALS | 600 | shares of common stock | 4,482 | |||||||||||
ALVARION LTD | 286 | shares of common stock | 3,792 | |||||||||||
AMAZON COM INC | 305 | shares of common stock | 13,508 | |||||||||||
AMCORE FINANCIAL INC | 506 | shares of common stock | 16,267 | |||||||||||
AMERICAN EXPRESS CO | 31 | shares of common stock | 1,757 |
12
Table of Contents
WILLIS NORTH AMERICA INC.
FINANCIAL SECURITY PARTNERSHIP PLAN
FORM 5500, SCHEDULE H, PART IV, LINE 4i- SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2004
Identity of issue, borrower, lessor or | Description of investment including | Cost** | Current value | ||||||||||||
similar party | maturity date, rate of interest, collateral, | ||||||||||||||
par, or maturity value | |||||||||||||||
AMERICAN INTERNATIONAL GROUP | 3,311 | shares of common stock | $ | 217,434 | |||||||||||
AMERICAN SKIING CORP | 1,830 | shares of common stock | 1,135 | ||||||||||||
AMERIRESOURCE TECH NEW | 1 | shares of common stock | 0 | ||||||||||||
AMGEN INCORPORATED | 160 | shares of common stock | 10,264 | ||||||||||||
AMR CORP DEL | 75 | shares of common stock | 821 | ||||||||||||
AMSOUTH BANCORPORATION | 3 | shares of common stock | 68 | ||||||||||||
ANDRX GROUP | 30 | shares of common stock | 655 | ||||||||||||
ANHEUSER BUSCH CO INC | 52 | shares of common stock | 2,635 | ||||||||||||
ANNALY MTG MGMT INC | 1,433 | shares of common stock | 28,121 | ||||||||||||
ANTIGENICS INC DEL | 700 | shares of common stock | 7,084 | ||||||||||||
APACHE CORP | 400 | shares of common stock | 20,228 | ||||||||||||
APPLE COMPUTER INC | 300 | shares of common stock | 19,320 | ||||||||||||
APPLIED DIGITAL SOLU NEW | 300 | shares of common stock | 2,025 | ||||||||||||
APPLIED MATERIALS INC | 904 | shares of common stock | 15,458 | ||||||||||||
ARADIGM CORP | 900 | shares of common stock | 1,557 | ||||||||||||
ARCH CAP GROUP LTD NEW F | 200 | shares of common stock | 7,740 | ||||||||||||
ARCHER DANIELS MIDLAND CO | 30 | shares of common stock | 669 | ||||||||||||
ARIBA INC NEW | 37 | shares of common stock | 614 | ||||||||||||
ARM HLDGS PLC ADR | 100 | shares of common stock | 618 | ||||||||||||
ASCENTIAL SOFTWARE NEW | 250 | shares of common stock | 4,078 | ||||||||||||
ASTEC INDS INC | 25 | shares of common stock | 430 | ||||||||||||
AT & T CORP NEW | 673 | shares of common stock | 12,819 | ||||||||||||
ATHEROGENICS INC | 500 | shares of common stock | 11,780 | ||||||||||||
ATMEL CORP | 2,000 | shares of common stock | 7,840 | ||||||||||||
AU OPTRONICS CORP ADR | 500 | shares of common stock | 7,160 | ||||||||||||
AUCTION MILLS INC | 3,380 | shares of common stock | 608 | ||||||||||||
AUCXIS CORP | 200 | shares of common stock | 1 | ||||||||||||
AUDIOVOX CP CL A | 100 | shares of common stock | 1,578 | ||||||||||||
AVAYA INC | 75 | shares of common stock | 1,290 | ||||||||||||
AVON RUBBER PLC ORD | 1,000 | shares of common stock | 3,888 | ||||||||||||
B M C SOFTWARE INC | 400 | shares of common stock | 7,440 | ||||||||||||
BALLARD POWER SYSTEMS F | 190 | shares of common stock | 1,288 | ||||||||||||
BANK OF AMERICA CORP | 108 | shares of common stock | 5,082 | ||||||||||||
BARNES & NOBLE | 200 | shares of common stock | 6,454 | ||||||||||||
BAYER A G SPONSORED ADR | 350 | shares of common stock | 11,893 | ||||||||||||
BB&T CORPORATION | 1,815 | shares of common stock | 76,329 | ||||||||||||
BELLSOUTH CORP | 100 | shares of common stock | 2,779 | ||||||||||||
BENTLEY PHARMACEUTICALS INC | 100 | shares of common stock | 1,075 | ||||||||||||
BERKLEY W R CORP | 230 | shares of common stock | 10,860 | ||||||||||||
BERKSHIRE HATHAWAY CL B | 20 | shares of common stock | 58,720 | ||||||||||||
BHP BILLITON LTD ADR | 700 | shares of common stock | 16,814 | ||||||||||||
BIOMET | 1,000 | shares of common stock | 43,390 | ||||||||||||
BIOMIRA INC | 100 | shares of common stock | 241 | ||||||||||||
BIOPURE CORPORATION CL A | 500 | shares of common stock | 295 | ||||||||||||
BIOSANTE PHARMA INC NEW | 500 | shares of common stock | 2,740 | ||||||||||||
BJ’S WHOLESALE CLUB INC | 50 | shares of common stock | 1,457 | ||||||||||||
BOOTS & COOTS INTL NEW | 1,500 | shares of common stock | 1,365 | ||||||||||||
BOSTON SCIENTIFIC CORP | 30 | shares of common stock | 1,067 | ||||||||||||
BOTTOMLINE TECH INC. | 200 | shares of common stock | 2,892 | ||||||||||||
BP PLC ADR | 101 | shares of common stock | 5,881 | ||||||||||||
BRISTOL-MYERS SQUIBB CO | 797 | shares of common stock | 20,408 | ||||||||||||
BROADVISION INC NEW | 6 | shares of common stock | 17 | ||||||||||||
BROOKS AUTOMATION NEW | 31 | shares of common stock | 534 | ||||||||||||
BRUKER BIOSCIENCES CORP | 600 | shares of common stock | 2,418 | ||||||||||||
BUILDING MATLS HLDG CORP | 865 | shares of common stock | 33,121 | ||||||||||||
C A C I INC CL A | 407 | shares of common stock | 27,729 | ||||||||||||
C M G I INC | 3,362 | shares of common stock | 8,573 | ||||||||||||
CAL DIVE INTL INC | 100 | shares of common stock | 4,075 | ||||||||||||
CALLON PETE CO DEL | 400 | shares of common stock | 5,784 | ||||||||||||
CANDELA CORP | 2,000 | shares of common stock | 22,720 | ||||||||||||
CARDIODYNAMICS INTL CORP | 125 | shares of common stock | 646 | ||||||||||||
CELESTICA INC | 1,570 | shares of common stock | 22,153 | ||||||||||||
CELL GENESYS INC | 5,400 | shares of common stock | 43,740 | ||||||||||||
CENDANT CORPORATION | 1,350 | shares of common stock | 31,563 | ||||||||||||
CENTRAL FD CDA LTD | 1,000 | shares of common stock | 5,470 | ||||||||||||
CENTRAL PKG CORP | 25 | shares of common stock | 379 | ||||||||||||
CEPHALON INC | 50 | shares of common stock | 2,544 | ||||||||||||
CHARTER COMMUNICATIONS | 300 | shares of common stock | 672 | ||||||||||||
CHEETAH OIL & GAS LTD | 300 | shares of common stock | 2,391 | ||||||||||||
CHESAPEAKE ENERGY CORPORATION | 250 | shares of common stock | 4,125 | ||||||||||||
CHINA MOBILITY SOLUTIONS | 333 | shares of common stock | 157 | ||||||||||||
CHIPMOS TECH BERMUDA | 2,500 | shares of common stock | 15,925 |
13
Table of Contents
WILLIS NORTH AMERICA INC.
FINANCIAL SECURITY PARTNERSHIP PLAN
FORM 5500, SCHEDULE H, PART IV, LINE 4i- SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2004
Identity of issue, borrower, lessor or | Description of investment including | Cost** | Current value | ||||||||||||
similar party | maturity date, rate of interest, collateral, | ||||||||||||||
par, or maturity value | |||||||||||||||
CHROMAVISION MED SYS INC | 150 | shares of common stock | $ | 324 | |||||||||||
CHUBB CORP | 0 | shares of common stock | 37 | ||||||||||||
CIENA CORP | 600 | shares of common stock | 2,004 | ||||||||||||
CINERGY CORP | 1,000 | shares of common stock | 41,630 | ||||||||||||
CIRRUS LOGIC | 250 | shares of common stock | 1,378 | ||||||||||||
CISCO SYSTEM INC | 5,379 | shares of common stock | 103,922 | ||||||||||||
CITIGROUP INC | 1,369 | shares of common stock | 65,954 | ||||||||||||
CITRIX SYSTEMS | 1,524 | shares of common stock | 37,277 | ||||||||||||
CLEAR CHANNEL COMMUN | 500 | shares of common stock | 16,745 | ||||||||||||
COCA COLA COMPANY | 58 | shares of common stock | 2,427 | ||||||||||||
COEUR D ALENE MINES CP | 1,700 | shares of common stock | 6,681 | ||||||||||||
COGNIZANT TECH SOL CL A | 727 | shares of common stock | 30,774 | ||||||||||||
COMCAST CORP NEW CL A | 205 | shares of common stock | 6,822 | ||||||||||||
COMCAST CP NEW CL A SPL | 500 | shares of common stock | 16,420 | ||||||||||||
COMDISCO HOLDING CO RTS | 150 | shares of common stock | 50 | ||||||||||||
COMPUTER ASSOC INTL INC | 100 | shares of common stock | 3,106 | ||||||||||||
COMPUTRZD THERML IMAGING | 2,100 | shares of common stock | 226 | ||||||||||||
CONAGRA FOODS INC | 10 | shares of common stock | 295 | ||||||||||||
CONEXANT SYSTEMS INC | 100 | shares of common stock | 199 | ||||||||||||
CONOCOPHILLIPS | 227 | shares of common stock | 19,686 | ||||||||||||
CONTINENTAL AIRLINES CLASS B | 1,000 | shares of common stock | 13,540 | ||||||||||||
CONVERGYS CORP | 200 | shares of common stock | 2,998 | ||||||||||||
COOPER TIRE & RUBR CO | 2,300 | shares of common stock | 49,565 | ||||||||||||
COPPER MTN NETWORKS NEW | 40 | shares of common stock | 109 | ||||||||||||
CORNERSTONE INTERNET SOLUTIONS CO | 2,230 | shares of common stock | 3 | ||||||||||||
CORNING INC | 1,334 | shares of common stock | 15,704 | ||||||||||||
CORRECTIONS CP AMER NEW | 400 | shares of common stock | 16,180 | ||||||||||||
COSTCO WHSL CORP NEW | 100 | shares of common stock | 4,841 | ||||||||||||
COVAD COMMUN GROUP INC | 20,225 | shares of common stock | 43,484 | ||||||||||||
CREE INC | 754 | shares of common stock | 30,220 | ||||||||||||
CRESUD SACIF YA SP ADR | 400 | shares of common stock | 5,960 | ||||||||||||
DALRADA FINANCIAL CORP | 75 | shares of common stock | 0 | ||||||||||||
DANKA BUSINESS SYSTEMS | 2,000 | shares of common stock | 6,320 | ||||||||||||
DAUPHIN TECHNOLOGY INC | 750 | shares of common stock | 150 | ||||||||||||
DEERE & CO | 35 | shares of common stock | 2,638 | ||||||||||||
DELL INC | 4,899 | shares of common stock | 206,444 | ||||||||||||
DELTA & PINE LAND CO | 630 | shares of common stock | 17,186 | ||||||||||||
DELTATHREE COM | 200 | shares of common stock | 664 | ||||||||||||
DEVON ENERGY CP NEW | 150 | shares of common stock | 5,838 | ||||||||||||
DIAGEO PLC | 60 | shares of common stock | 3,473 | ||||||||||||
DIGENE CORP | 150 | shares of common stock | 3,923 | ||||||||||||
DISNEY WALT HLDG CO | 747 | shares of common stock | 20,756 | ||||||||||||
DISPLAY TECHNOLOGIES INC | 5,000 | shares of common stock | 5 | ||||||||||||
DOLLAR GEN CORP | 855 | shares of common stock | 17,750 | ||||||||||||
DOW CHEM CO | 421 | shares of common stock | 20,828 | ||||||||||||
DUKE ENERGY CORPORATION | 1,200 | shares of common stock | 30,396 | ||||||||||||
E DIGITAL CORP | 5,000 | shares of common stock | 1,650 | ||||||||||||
E M C CORP MASS | 2,582 | shares of common stock | 38,394 | ||||||||||||
E MOBILE INFO TECH INC | 50,000 | shares of common stock | 3,500 | ||||||||||||
E4L INC | 345 | shares of common stock | 0 | ||||||||||||
EARTHLINK INC | 800 | shares of common stock | 9,216 | ||||||||||||
EBAY INC | 1,576 | shares of common stock | 183,352 | ||||||||||||
ECHELON CORP | 1,620 | shares of common stock | 13,673 | ||||||||||||
ELAN CORP PLC SPON ADR | 980 | shares of common stock | 26,705 | ||||||||||||
ELECTROGLAS | 400 | shares of common stock | 1,884 | ||||||||||||
ENCANA CORPORATION | 200 | shares of common stock | 11,412 | ||||||||||||
ENERGY CONV DEVICES INC | 200 | shares of common stock | 3,864 | ||||||||||||
ENERGY TRANSFER PARTNERS | 100 | shares of common stock | 5,920 | ||||||||||||
ENGELHARD CORP | 3,000 | shares of common stock | 92,010 | ||||||||||||
ENRON CORP | 1,400 | shares of common stock | 49 | ||||||||||||
ENTERASYS NETWORKS INC | 200 | shares of common stock | 360 | ||||||||||||
ERICSSON TEL ADR B NEW | 418 | shares of common stock | 13,163 | ||||||||||||
E-TRADE FINANCIAL CORP | 7,100 | shares of common stock | 106,145 | ||||||||||||
EVOLVING SYSTEM INC | 2,000 | shares of common stock | 8,980 | ||||||||||||
EXTREME NETWORKS INC | 600 | shares of common stock | 3,930 | ||||||||||||
EXXON MOBIL CORPORATION | 636 | shares of common stock | 32,603 | ||||||||||||
FANNIE MAE | 100 | shares of common stock | 7,121 | ||||||||||||
FAR EAST ENERGY CORP | 8,000 | shares of common stock | 9,760 | ||||||||||||
FELLOWS ENERGY LTD | 500 | shares of common stock | 480 | ||||||||||||
FIRST HEALTH GROUP CORP | 900 | shares of common stock | 16,839 | ||||||||||||
FLEXTRONICS INTL LTD | 400 | shares of common stock | 5,528 | ||||||||||||
FORD MOTOR COMPANY NEW | 310 | shares of common stock | 4,539 |
14
Table of Contents
WILLIS NORTH AMERICA INC.
FINANCIAL SECURITY PARTNERSHIP PLAN
FORM 5500, SCHEDULE H, PART IV, LINE 4i- SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2004
Identity of issue, borrower, lessor or | Description of investment including | Cost** | Current value | |||||||||||
similar party | maturity date, rate of interest, collateral, | |||||||||||||
par, or maturity value | ||||||||||||||
FOREST OIL CORP NEW | 200 | shares of common stock | $ | 6,344 | ||||||||||
FOUNTAIN PWR BOAT INDS INC | 2,000 | shares of common stock | 10,890 | |||||||||||
FREESCALE SEMICONDUCTOR CL B | 22 | shares of common stock | 404 | |||||||||||
FUELCELL ENERGY INC | 635 | shares of common stock | 6,287 | |||||||||||
GALLAGHER ARTHUR J & CO | 216 | shares of common stock | 7,006 | |||||||||||
GARMIN LTD | 489 | shares of common stock | 29,751 | |||||||||||
GATEWAY INC | 1,500 | shares of common stock | 9,015 | |||||||||||
GEMSTAR TV GUIDE INTL | 300 | shares of common stock | 1,776 | |||||||||||
GENELABS TECHNOLOGIES INC | 400 | shares of common stock | 480 | |||||||||||
GENERAL ELECTRIC COMPANY | 3,379 | shares of common stock | 123,348 | |||||||||||
GENERAL MAGIC INC NEW | 311 | shares of common stock | 0 | |||||||||||
GENERAL MOTORS CORP | 60 | shares of common stock | 2,404 | |||||||||||
GENTA INC NEW | 400 | shares of common stock | 704 | |||||||||||
GILLETTE CO | 205 | shares of common stock | 9,190 | |||||||||||
GLOBALSTAR TELECOM ORD | 50 | shares of common stock | 0 | |||||||||||
GOLDCORP INC NEW | 3,000 | shares of common stock | 45,120 | |||||||||||
GOLDCREST RESOURCES LTD | 14,000 | shares of common stock | 3,973 | |||||||||||
GOLDEN STAR RES LTD CDA | 2,000 | shares of common stock | 8,020 | |||||||||||
GOLDMAN SACHS GROUP INC | 400 | shares of common stock | 41,616 | |||||||||||
GOODYEAR TIRE & RUBR CO | 1,400 | shares of common stock | 20,524 | |||||||||||
GOODYS FAMILY CLOTHING | 10 | shares of common stock | 91 | |||||||||||
GOREMOTE INTERNET COMMUN | 35 | shares of common stock | 73 | |||||||||||
GRAFTECH INTERNATIONAL | 80 | shares of common stock | 757 | |||||||||||
GRANITE CONSTR INC | 225 | shares of common stock | 5,985 | |||||||||||
GREEN DOLPHIN SYSTEMS | 1,000 | shares of common stock | 50 | |||||||||||
GREY WOLF INC | 500 | shares of common stock | 2,635 | |||||||||||
HALLIBURTON CO HLDG CO | 216 | shares of common stock | 8,475 | |||||||||||
HARLEY DAVIDSON | 400 | shares of common stock | 24,300 | |||||||||||
HARMONIC INC | 2,000 | shares of common stock | 16,680 | |||||||||||
HARRIS & HARRIS | 1,000 | shares of common stock | 16,380 | |||||||||||
HEADWATERS INC | 400 | shares of common stock | 11,400 | |||||||||||
HEALTHSOUTH REHABILITATION CORP | 5,000 | shares of common stock | 31,400 | |||||||||||
HEALTHTRAC INC | 400 | shares of common stock | 10 | |||||||||||
HEIDRICK & STRUGGLES INTL INC | 300 | shares of common stock | 10,281 | |||||||||||
HELMERICH & PAYNE INC | 50 | shares of common stock | 1,702 | |||||||||||
HERSHEY FOODS CORP | 121 | shares of common stock | 6,721 | |||||||||||
HEWLETT-PACKARD COMPANY | 867 | shares of common stock | 18,175 | |||||||||||
HOME DEPOT INC | 1,001 | shares of common stock | 42,776 | |||||||||||
HOUSE2HOME INC | 2,250 | shares of common stock | 0 | |||||||||||
HUMAN GENOME SCIENCES | 50 | shares of common stock | 601 | |||||||||||
HYPERCOM CORP | 100 | shares of common stock | 592 | |||||||||||
I D BIOMEDICAL CORP | 600 | shares of common stock | 8,970 | |||||||||||
I T C DELTACOM INC NEW | 17 | shares of common stock | 29 | |||||||||||
IAC INTERACTIVECORP | 200 | shares of common stock | 5,524 | |||||||||||
IDENTIX INC | 650 | shares of common stock | 4,797 | |||||||||||
IMAGING DIAGNOSTIC SYS | 21,000 | shares of common stock | 8,820 | |||||||||||
IMMUNE RESPONSE CORP NEW | 59 | shares of common stock | 95 | |||||||||||
INFOSPACE INC NEW | 110 | shares of common stock | 5,231 | |||||||||||
INTEL CORP | 6,661 | shares of common stock | 155,796 | |||||||||||
INTELLISYNC CORP | 5,000 | shares of common stock | 10,200 | |||||||||||
INTERIORS INCCL A | 25,709 | shares of common stock | 3 | |||||||||||
INTERPHARM HOLDINGS INC | 1,000 | shares of common stock | 2,450 | |||||||||||
INTL BUSINESS MACHINES | 2,336 | shares of common stock | 230,322 | |||||||||||
INTL GAME TECHNOLOGY | 2,000 | shares of common stock | 68,760 | |||||||||||
INTL SHIPHOLDING CORP | 1,800 | shares of common stock | 26,820 | |||||||||||
IOMEGA CORP NEW | 120 | shares of common stock | 665 | |||||||||||
ISCO INTERNATIONAL INC | 53,770 | shares of common stock | 19,357 | |||||||||||
ISHARES TR | 750 | shares of common stock | 56,438 | |||||||||||
ISHARES TR RUSSELL 3000 | 990 | shares of common stock | 68,459 | |||||||||||
ISIS PHARMACEUTICALS | 600 | shares of common stock | 3,540 | |||||||||||
IVANHOE MINES LTD | 700 | shares of common stock | 5,033 | |||||||||||
J P MORGAN CHASE & CO | 571 | shares of common stock | 22,279 | |||||||||||
JDS UNIPHASE CORPORATION | 12,673 | shares of common stock | 40,173 | |||||||||||
JOHNSON & JOHNSON | 596 | shares of common stock | 37,790 | |||||||||||
JOS A BANK CLOTHIERS INC | 187 | shares of common stock | 5,292 | |||||||||||
JUNIPER NETWORKS INC | 380 | shares of common stock | 10,332 | |||||||||||
KEYSPAN CORP | 106 | shares of common stock | 4,194 | |||||||||||
KNIGHT TRADING GROUP | 300 | shares of common stock | 3,285 | |||||||||||
KRAFT FOODS INC | 107 | shares of common stock | 3,798 | |||||||||||
KRISPY KREME DOUGHNUTS INC | 800 | shares of common stock | 10,080 | |||||||||||
LABOR READY INC NEW | 650 | shares of common stock | 10,998 | |||||||||||
LABORATORY CP OF AMER HLDG NEW | 400 | shares of common stock | 19,928 |
15
Table of Contents
WILLIS NORTH AMERICA INC.
FINANCIAL SECURITY PARTNERSHIP PLAN
FORM 5500, SCHEDULE H, PART IV, LINE 4i- SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2004
Identity of issue, borrower, lessor or | Description of investment including | Cost** | Current value | |||||||||||
similar party | maturity date, rate of interest, collateral, | |||||||||||||
par, or maturity value | ||||||||||||||
LEHMAN BROS HLDGS INC | 50 | shares of common stock | $ | 4,387 | ||||||||||
LEVEL 3 COMMUNICATIONS INC | 1,500 | shares of common stock | 5,085 | |||||||||||
LIBERTY MEDIA NEW SER A | 1,000 | shares of common stock | 10,980 | |||||||||||
LILLY ELI & COMPANY | 100 | shares of common stock | 5,675 | |||||||||||
LIMITED INC | 117 | shares of common stock | 2,695 | |||||||||||
LINK ENERGY LLC | 26 | shares of common stock | 2 | |||||||||||
LINK ENERGY LLC 08 WTS | 67 | shares of common stock | 0 | |||||||||||
LITHIUM TECH CORP NEW | 1,000 | shares of common stock | 330 | |||||||||||
LOWES COMPANIES | 225 | shares of common stock | 12,958 | |||||||||||
LSI LOGIC CORP | 100 | shares of common stock | 548 | |||||||||||
LUBRIZOL CORP | 1,000 | shares of common stock | 36,860 | |||||||||||
LUCENT TECHNOLOGIES INC | 12,281 | shares of common stock | 46,177 | |||||||||||
LUMINEX CORP DEL | 3,600 | shares of common stock | 31,968 | |||||||||||
M D U RESOURCES GROUP INC | 353 | shares of common stock | 9,418 | |||||||||||
MACROMEDIA | 25 | shares of common stock | 778 | |||||||||||
MARAKAND MINERALS ORD | 20,000 | shares of common stock | 7,872 | |||||||||||
MARCHFIRST INC | 170 | shares of common stock | 0 | |||||||||||
MARSH & MCLENNAN COS INC | 234 | shares of common stock | 7,699 | |||||||||||
MARTHA STEWART LVNG OMNI | 330 | shares of common stock | 9,577 | |||||||||||
MARVEL ENTERPRISES INC | 230 | shares of common stock | 4,710 | |||||||||||
MARVELL TECH GROUP LTD | 100 | shares of common stock | 3,547 | |||||||||||
MATRITECH INC | 100 | shares of common stock | 106 | |||||||||||
MATRIX SVC CO | 1,500 | shares of common stock | 12,090 | |||||||||||
MATTEL INCORPORATED | 210 | shares of common stock | 4,085 | |||||||||||
MB FINANCIAL INC NEW | 505 | shares of common stock | 21,288 | |||||||||||
MBNA CORP | 200 | shares of common stock | 5,638 | |||||||||||
MCAFEE INC | 10 | shares of common stock | 289 | |||||||||||
MCDATA CORPORATION CL A | 43 | shares of common stock | 256 | |||||||||||
MCDONALDS CORP | 141 | shares of common stock | 4,511 | |||||||||||
MEADOWBROOK INS GROUP | 103 | shares of common stock | 515 | |||||||||||
MEDCOHEALTH SOLUTIONS | 40 | shares of common stock | 1,664 | |||||||||||
MEDTRONIC INC | 41 | shares of common stock | 2,031 | |||||||||||
MERCK & CO INC | 1,973 | shares of common stock | 63,403 | |||||||||||
MERRILL LYNCH & CO INC | 400 | shares of common stock | 23,908 | |||||||||||
METRICOM INC NEW | 200 | shares of common stock | 1 | |||||||||||
METROPOLITAN HEALTH NETWORKS INC | 2,000 | shares of common stock | 5,660 | |||||||||||
MICROAGE INC | 1,000 | shares of common stock | 0 | |||||||||||
MICRON TECHNOLOGY INC | 200 | shares of common stock | 2,470 | |||||||||||
MICROSOFT CORP | 7,255 | shares of common stock | 193,843 | |||||||||||
MICROSTRATEGY INC A NEW | 10 | shares of common stock | 603 | |||||||||||
MICROVISION INC WA | 1,000 | shares of common stock | 7,000 | |||||||||||
MILACRON INC | 352 | shares of common stock | 1,193 | |||||||||||
MILLENNIUM CELL INC | 750 | shares of common stock | 960 | |||||||||||
MINDSPEED TECHNOLOGY INC | 33 | shares of common stock | 92 | |||||||||||
MINE SAFETY APPLIANCE CO | 20 | shares of common stock | 1,014 | |||||||||||
MITSUBISHI TOKYO ADR | 500 | shares of common stock | 5,110 | |||||||||||
MITTAL STEEL NV A NY CO | 250 | shares of common stock | 9,663 | |||||||||||
MOBILE TELESYSTEMS ADR | 200 | shares of common stock | 27,702 | |||||||||||
MONSANTO CO NEW DEL | 1,000 | shares of common stock | 55,550 | |||||||||||
MOTOROLA INCORPORATED | 200 | shares of common stock | 3,440 | |||||||||||
MPHASE TECH INC | 100 | shares of common stock | 32 | |||||||||||
MYLAN LABS INC | 78 | shares of common stock | 1,379 | |||||||||||
NABI BIOPHARMACEUTICALS | 50 | shares of common stock | 733 | |||||||||||
NAM TAI ELECTRS INC | 220 | shares of common stock | 4,235 | |||||||||||
NATIONAL CITY CORP | 500 | shares of common stock | 18,775 | |||||||||||
NATL SCIENTIFIC CORP | 250 | shares of common stock | 15 | |||||||||||
NEOFORMA INC | 2 | shares of common stock | 15 | |||||||||||
NEOWARE SYS INC | 3,000 | shares of common stock | 27,930 | |||||||||||
NET2PHONE INC | 4,000 | shares of common stock | 13,600 | |||||||||||
NETCURRENTS INFO SVCS | 2,000 | shares of common stock | 6 | |||||||||||
NETWORK APPLIANCE INC | 140 | shares of common stock | 4,651 | |||||||||||
NEW CENTURY FINL CP NEW | 300 | shares of common stock | 19,173 | |||||||||||
NEWMONT MINING CORP | 100 | shares of common stock | 4,441 | |||||||||||
NEXTEL COMMUNICATIONS A | 250 | shares of common stock | 7,503 | |||||||||||
NITROMED | 100 | shares of common stock | 2,665 | |||||||||||
NOKIA CORP SPON ADR F | 2,075 | shares of common stock | 32,515 | |||||||||||
NORTEL NETWORKS CP NEW F | 1,665 | shares of common stock | 5,778 | |||||||||||
NORTH AMERN DATACOM INC | 1,000 | shares of common stock | 0 | |||||||||||
NORTHPOINT COMMUN HLDGS | 1,800 | shares of common stock | 1 | |||||||||||
NOVELL INC | 1,100 | shares of common stock | 7,425 | |||||||||||
OAKWOOD HOMES CORP NEW | 200 | shares of common stock | 10 | |||||||||||
ONLINE RES & COMM CORP | 20,000 | shares of common stock | 150,600 |
16
Table of Contents
WILLIS NORTH AMERICA INC.
FINANCIAL SECURITY PARTNERSHIP PLAN
FORM 5500, SCHEDULE H, PART IV, LINE 4i- SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2004
Identity of issue, borrower, lessor or | Description of investment including | Cost** | Current value | ||||||||||||
similar party | maturity date, rate of interest, collateral, | ||||||||||||||
par, or maturity value | |||||||||||||||
ORACLE CORPORATION | 3,875 | shares of common stock | $ | 53,165 | |||||||||||
OXUS GOLD PLC WEF ORD | 200,000 | shares of common stock | 208,300 | ||||||||||||
P D C INNOVATIVE IND NEW | 100 | shares of common stock | 4 | ||||||||||||
P M A CAPITAL CORP CL A | 1,000 | shares of common stock | 10,350 | ||||||||||||
PACIFIC CONTINENTAL CORP | 10,452 | shares of common stock | 164,614 | ||||||||||||
PALMONE INC | 76 | shares of common stock | 2,398 | ||||||||||||
PALMSOURCE INC | 21 | shares of common stock | 268 | ||||||||||||
PARADYNE NETWORKS INC | 50 | shares of common stock | 180 | ||||||||||||
PARAMETRIC TECHNOLOGY CP | 1,200 | shares of common stock | 7,068 | ||||||||||||
PAYCHEX INC | 501 | shares of common stock | 17,087 | ||||||||||||
PAYLESS CASHWAYS INC NEW | 2,000 | shares of common stock | 3 | ||||||||||||
PCCW LIMITED NEW ORD | 180 | shares of common stock | 114 | ||||||||||||
PEOPLESOFT INC | 100 | shares of common stock | 2,649 | ||||||||||||
PEPSI BOTTLING GROUP INC | 24 | shares of common stock | 655 | ||||||||||||
PEPSICO INC | 247 | shares of common stock | 12,877 | ||||||||||||
PFIZER INCORPORATED | 4,267 | shares of common stock | 114,751 | ||||||||||||
PINNACLE WEST CAP CORP | 350 | shares of common stock | 15,544 | ||||||||||||
PIPER JAFFRAY COS NEW | 1 | shares of common stock | 48 | ||||||||||||
PLATINUM UNDERWRITERS | 900 | shares of common stock | 27,990 | ||||||||||||
PLUG POWER INC | 1,350 | shares of common stock | 8,249 | ||||||||||||
POLYCOM | 1,350 | shares of common stock | 31,482 | ||||||||||||
PORTAL SOFTWARE INC NEW | 800 | shares of common stock | 2,096 | ||||||||||||
PPG INDS INC | 360 | shares of common stock | 24,558 | ||||||||||||
PROCTER & GAMBLE CO | 64 | shares of common stock | 3,529 | ||||||||||||
PROXIM CORP NEW | 15 | shares of common stock | 61 | ||||||||||||
QUALCOMM INC | 1,007 | shares of common stock | 42,683 | ||||||||||||
QUIKSILVER INC | 500 | shares of common stock | 14,895 | ||||||||||||
R L I CORP | 207 | shares of common stock | 8,595 | ||||||||||||
RAMBUS INC DEL | 484 | shares of common stock | 11,132 | ||||||||||||
RAMTRON INTL CORP NEW | 2,500 | shares of common stock | 10,000 | ||||||||||||
RAYTHEON COMPANY NEW | 323 | shares of common stock | 12,547 | ||||||||||||
REALNETWORKS INC | 100 | shares of common stock | 662 | ||||||||||||
REDHAT INC | 735 | shares of common stock | 9,812 | ||||||||||||
RELIANCE GROUP HLDGS INC | 34,200 | shares of common stock | 44 | ||||||||||||
REPUBLIC BANCORP INC | 5,803 | shares of common stock | 88,677 | ||||||||||||
RESIN SYSTEMS INC | 900 | shares of common stock | 617 | ||||||||||||
RF MICRO DEVICES INC | 200 | shares of common stock | 1,368 | ||||||||||||
RIGHTNOW TECHNOLOGIES | 500 | shares of common stock | 8,075 | ||||||||||||
RITE AID CORPORATION | 100 | shares of common stock | 366 | ||||||||||||
RIVERSTONE NETWORKS INC | 102 | shares of common stock | 109 | ||||||||||||
ROCKWELL COLLINS INC | 9 | shares of common stock | 355 | ||||||||||||
ROCKWELL INTL CORP NEW | 9 | shares of common stock | 446 | ||||||||||||
ROFIN-SINAR TECHNOLOGIES | 200 | shares of common stock | 8,490 | ||||||||||||
ROHM & HAAS CO | 40 | shares of common stock | 1,769 | ||||||||||||
ROWAN COMPANIES | 720 | shares of common stock | 18,648 | ||||||||||||
RUBY MINING CO NEW | 1,000 | shares of common stock | 400 | ||||||||||||
S1 CORPORATION | 382 | shares of common stock | 3,457 | ||||||||||||
SAFECO CORP | 310 | shares of common stock | 16,194 | ||||||||||||
SAFEGUARD SCIENTIFIC INC | 1,000 | shares of common stock | 2,120 | ||||||||||||
SAFEWAY | 94 | shares of common stock | 1,856 | ||||||||||||
SANDISK CORP | 534 | shares of common stock | 13,334 | ||||||||||||
SANGUINE CORP | 4,000 | shares of common stock | 1,080 | ||||||||||||
SAUCONY INC CL B | 40 | shares of common stock | 1,082 | ||||||||||||
SCANSOFT INC | 6,000 | shares of common stock | 25,140 | ||||||||||||
SCHEIN HENRY INC | 62 | shares of common stock | 4,318 | ||||||||||||
SCHERING PLOUGH CORP | 347 | shares of common stock | 7,245 | ||||||||||||
SCHLUMBERGER LTD | 360 | shares of common stock | 24,116 | ||||||||||||
SCIENTIFIC ATLANTA INC | 175 | shares of common stock | 5,777 | ||||||||||||
SCIENTIFIC GAMES CP CL A | 200 | shares of common stock | 4,768 | ||||||||||||
SCOR ADR | 1,080 | shares of common stock | 2,041 | ||||||||||||
SCOTTISH ANNUITY & LIFE HLDG | 500 | shares of common stock | 12,950 | ||||||||||||
SERVICE CORP INTL | 2,000 | shares of common stock | 14,900 | ||||||||||||
SEVEN SEAS PETE NEW | 2,000 | shares of common stock | 3 | ||||||||||||
SHELDAHL CO | 300 | shares of common stock | 0 | ||||||||||||
SHIP FINANCE INTL | 210 | shares of common stock | 4,309 | ||||||||||||
SIEBEL SYSTEMS INC | 100 | shares of common stock | 1,049 | ||||||||||||
SIGNATURE LEISURE INC | 105,000 | shares of common stock | 840 | ||||||||||||
SILICON GRAPHICS | 1,000 | shares of common stock | 1,730 | ||||||||||||
SILICON STORAGE TECH | 530 | shares of common stock | 3,154 | ||||||||||||
SIMTEK CORP | 4,000 | shares of common stock | 2,400 | ||||||||||||
SIRIUS SATELLITE RADIO | 2,919 | shares of common stock | 22,243 | ||||||||||||
SOLECTRON CORP DEL | 2,500 | shares of common stock | 13,325 |
17
Table of Contents
WILLIS NORTH AMERICA INC.
FINANCIAL SECURITY PARTNERSHIP PLAN
FORM 5500, SCHEDULE H, PART IV, LINE 4i- SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2004
Identity of issue, borrower, lessor or | Description of investment including | Cost** | Current value | ||||||||||||
similar party | maturity date, rate of interest, collateral, | ||||||||||||||
par, or maturity value | |||||||||||||||
SONICBLUE INC | 700 | shares of common stock | $ | 1 | |||||||||||
SONY CORP ADR | 100 | shares of common stock | 3,896 | ||||||||||||
SOUTH JERSEY INDS INC | 45 | shares of common stock | 2,365 | ||||||||||||
SOUTHERN STATES PWR NEW | 133 | shares of common stock | 0 | ||||||||||||
SOUTHWEST AIRLS CO | 1,309 | shares of common stock | 21,313 | ||||||||||||
SOUTHWESTERN ENERGY CO | 521 | shares of common stock | 26,409 | ||||||||||||
ST JOE CORPORATION | 1,469 | shares of common stock | 94,310 | ||||||||||||
ST PAUL TRAVELERS COS | 56 | shares of common stock | 2,079 | ||||||||||||
STAPLES INC | 38 | shares of common stock | 1,281 | ||||||||||||
STARBUCKS CORP | 250 | shares of common stock | 15,590 | ||||||||||||
STEEL DYNAMICS INC | 97 | shares of common stock | 3,674 | ||||||||||||
STEWART ENTERPRISES CLASS A | 200 | shares of common stock | 1,398 | ||||||||||||
STORAGE TECH CORP | 120 | shares of common stock | 3,793 | ||||||||||||
STRYKER CORP | 400 | shares of common stock | 19,300 | ||||||||||||
SUBURBAN PROPANE PRT L P | 120 | shares of common stock | 4,171 | ||||||||||||
SUN MICROSYSTEMS INC | 15,857 | shares of common stock | 85,469 | ||||||||||||
SUNRISE ASSISTED LIVING INC | 500 | shares of common stock | 23,180 | ||||||||||||
SUNTRUST BANKS INC | 200 | shares of common stock | 14,776 | ||||||||||||
SUPERCONDUCTOR TECH | 1,000 | shares of common stock | 1,390 | ||||||||||||
SUREBEAM CORP | 600 | shares of common stock | 4 | ||||||||||||
SYKES ENTERPRISES INC | 6,580 | shares of common stock | 45,731 | ||||||||||||
SYMANTEC CORP | 1,070 | shares of common stock | 27,563 | ||||||||||||
SYMBOL TECHNOLOGIES INC | 750 | shares of common stock | 12,975 | ||||||||||||
SYNGENTA AG ADR | 200 | shares of common stock | 4,270 | ||||||||||||
SYNTEL INC | 2,000 | shares of common stock | 35,080 | ||||||||||||
SYNTROLEUM CORP | 1,200 | shares of common stock | 9,636 | ||||||||||||
T J X COS INC | 102 | shares of common stock | 2,572 | ||||||||||||
T V AZTECA S A ADR | 1,000 | shares of common stock | 10,280 | ||||||||||||
TARGET CORPORATION | 307 | shares of common stock | 15,920 | ||||||||||||
TASER INTERNATIONAL INC | 1,050 | shares of common stock | 33,233 | ||||||||||||
TEEKAY SHIPPING CP M I F | 400 | shares of common stock | 16,844 | ||||||||||||
TELETECH HOLDINGS | 1,000 | shares of common stock | 9,690 | ||||||||||||
TELULAR CORP | 15,000 | shares of common stock | 127,650 | ||||||||||||
TESSERA TECHNOLOGIES | 400 | shares of common stock | 14,884 | ||||||||||||
TEVA PHARMACEUTICAL INDUSTRIES | 150 | shares of common stock | 4,479 | ||||||||||||
TEXAS INSTRUMENTS INC | 181 | shares of common stock | 4,463 | ||||||||||||
THE CHARLES SCHWAB CORP | 300 | shares of common stock | 3,588 | ||||||||||||
TIANRONG BLDG MAT HLDGS | 1,000 | shares of common stock | 10 | ||||||||||||
TIDEWATER INC/CITIZEN CERTIFICATES | 500 | shares of common stock | 17,805 | ||||||||||||
TIME WARNER INC | 2,175 | shares of common stock | 42,304 | ||||||||||||
TIVO INC | 100 | shares of common stock | 587 | ||||||||||||
TOP TANKERS INC | 100 | shares of common stock | 1,625 | ||||||||||||
TRANSOCEAN SEDCO FOREX F | 720 | shares of common stock | 30,521 | ||||||||||||
TRANSWITCH CORP | 1,000 | shares of common stock | 1,540 | ||||||||||||
TRC COS INC | 105 | shares of common stock | 1,785 | ||||||||||||
TRENWICK GROUP LTD | 700 | shares of common stock | 4 | ||||||||||||
TRIAD HOSPITALS INC | 10 | shares of common stock | 372 | ||||||||||||
TRIPATH IMAGING INC | 1,000 | shares of common stock | 8,970 | ||||||||||||
TRUSTCO BANK CORP N Y | 449 | shares of common stock | 6,192 | ||||||||||||
TYCO INTL LTD NEW | 938 | shares of common stock | 33,535 | ||||||||||||
U S A FLORAL PRODS INC | 400 | shares of common stock | 1 | ||||||||||||
UAL CORP | 300 | shares of common stock | 390 | ||||||||||||
UNICAPITAL CORP | 2,000 | shares of common stock | 0 | ||||||||||||
UNITED INDL CORP | 733 | shares of common stock | 28,396 | ||||||||||||
UNITED PARCEL SERVICE B | 263 | shares of common stock | 22,462 | ||||||||||||
UNITED TECHNOLOGIES CORP | 106 | shares of common stock | 10,931 | ||||||||||||
UNITEDGLOBALCOM INC CL A | 1,000 | shares of common stock | 9,660 | ||||||||||||
UNIVERSAL DISPLAY CORP | 100 | shares of common stock | 900 | ||||||||||||
UNOVA INC | 500 | shares of common stock | 12,645 | ||||||||||||
US BANCORP DEL NEW | 100 | shares of common stock | 3,132 | ||||||||||||
US LEC CORPCL A | 2,100 | shares of common stock | 6,678 | ||||||||||||
USINTERNETWORKING INC | 450 | shares of common stock | 1 | ||||||||||||
VALERO ENERGY CORP NEW | 613 | shares of common stock | 27,834 | ||||||||||||
VARIAN MED SYS | 800 | shares of common stock | 34,592 | ||||||||||||
VAXGEN INC | 100 | shares of common stock | 1,700 | ||||||||||||
VERISIGN INC | 1,470 | shares of common stock | 49,392 | ||||||||||||
VERTICALNET INC NEW | 3 | shares of common stock | 5 | ||||||||||||
VESTA INS GROUP | 216 | shares of common stock | 796 | ||||||||||||
VIACOM INC NON VTG CL B | 500 | shares of common stock | 18,195 | ||||||||||||
VIALINK COMPANY | 200 | shares of common stock | 10 | ||||||||||||
VIE FINANCIAL GROUP NEW | 30 | shares of common stock | 3 | ||||||||||||
VISHAY INTERTECHNOLOGY | 400 | shares of common stock | 6,008 |
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Table of Contents
WILLIS NORTH AMERICA INC.
FINANCIAL SECURITY PARTNERSHIP PLAN
FORM 5500, SCHEDULE H, PART IV, LINE 4i- SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2004
Identity of issue, borrower, lessor or | Description of investment including | Cost** | Current value | ||||||||||||
similar party | maturity date, rate of interest, collateral, | ||||||||||||||
par, or maturity value | |||||||||||||||
VISUAL NETWORKS INC | 100 | shares of common stock | $ 348 | ||||||||||||
WACHOVIA CORP NEW | 167 | shares of common stock | 8,784 | ||||||||||||
WAL-MART STORES INC | 682 | shares of common stock | 36,032 | ||||||||||||
WEBMD CORP | 85 | shares of common stock | 694 | ||||||||||||
WELLPOINT INC | 88 | shares of common stock | 10,120 | ||||||||||||
WELLS FARGO & CO NEW | 250 | shares of common stock | 15,538 | ||||||||||||
WESTERN WATER CO | 1,000 | shares of common stock | 50 | ||||||||||||
WESTPOINT STEVENS | 201 | shares of common stock | 4 | ||||||||||||
WHEATON RIVER MIN LTD | 3,750 | shares of common stock | 12,225 | ||||||||||||
WILLIAMS CO. INC. | 1,085 | shares of common stock | 17,671 | ||||||||||||
* | WILLIS GROUP HOLDINGS | 1,784 | shares of common stock | 73,447 | |||||||||||
XEROX CORP | 200 | shares of common stock | 3,402 | ||||||||||||
XM SATELLITE RADIO HLDGS | 1,025 | shares of common stock | 38,561 | ||||||||||||
YAHOO! INC | 48 | shares of common stock | 1,809 | ||||||||||||
ZIMMER HOLDINGS INC | 18 | shares of common stock | 1,442 | ||||||||||||
ZIXIT CORP | 20 | shares of common stock | 103 | ||||||||||||
SEMPRA ENERGY 8.5% PFD | 2,000 | shares of preferred stock | 62,240 | ||||||||||||
ISHARES MSCI AUS IDX FDF | 500 | units of investment trusts | 8,350 | ||||||||||||
ISHARES MSCI JPN IDX FDF | 2,000 | units of investment trusts | 21,840 | ||||||||||||
ISHARES RUSSELL MIDCAP INDEX FD | 500 | units of investment trusts | 39,665 | ||||||||||||
ISHARES TR RUSSELL 2000 | 425 | units of investment trusts | 55,038 | ||||||||||||
ISHARES TRUST INDEX FUND | 350 | units of investment trusts | 19,415 | ||||||||||||
NASDAQ 100 SHARES | 1,640 | units of investment trusts | 65,480 | ||||||||||||
SPDR TRUST UNIT SERIES 1 | 806 | units of investment trusts | 97,417 | ||||||||||||
VANGUARD EXTENDED MKT FD | 64 | units of investment trusts | 5,300 | ||||||||||||
VANGUARD TOTAL STOCK MKT | 119 | units of investment trusts | 14,048 | ||||||||||||
* | PARTICIPANT LOANS RECEIVABLE | Participant notes receivable bearing interest ranging from 5% to 10.5% and maturity dates ranging from January 1, 2005 to December 31, 2019 | 4,048,075 | ||||||||||||
$ 257,385,690 | |||||||||||||||
* | Indicates party-in-interest | |
** | Cost information is not required for participant-directed investments and, therefore, is not included. |
19