1
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2
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3
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4
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16
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17
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I-1
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TAX SAVINGS THRIFT PLAN FOR EMPLOYEES OF CSX
CORPORATION
|
||||
AND
AFFILIATED COMPANIES
|
||||
STATEMENTS
OF NET ASSETS AVAILABLE FOR BENEFITS
|
||||
(Dollars
in Thousands)
|
||||
December
31
|
||||
2007
|
2006
|
|||
ASSETS
|
||||
Investments,
at fair value:
|
||||
Investment
in Master Trust (Note 3)
|
$938,622
|
$866,352
|
||
Loans
to members
|
12,747
|
12,797
|
||
951,369
|
879,149
|
|||
RECEIVABLES
|
||||
Employer
contributions
|
640
|
623
|
||
Member
contributions
|
2,075
|
1,966
|
||
2,715
|
2,589
|
|||
TOTAL
ASSETS
|
954,084
|
881,738
|
||
LIABILITIES
|
||||
Accrued
expenses
|
54
|
89
|
||
NET
ASSETS AVAILABLE FOR BENEFITS, AT FAIR VALUE
|
954,030
|
881,649
|
||
Adjustment
from fair value to contract value for interest in Master
|
||||
Trust
relating to fully benefit-responsive investment contracts (Note
4)
|
(13,449)
|
(6,820)
|
||
NET
ASSETS AVAILABLE FOR BENEFITS
|
$940,581
|
$874,829
|
TAX
SAVINGS THRIFT PLAN FOR EMPLOYEES OF CSX CORPORATION
|
||
AND
AFFILIATED COMPANIES
|
||
STATEMENT
OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
|
||
FOR
THE YEAR ENDED DECEMBER 31, 2007
|
||
(Dollars
in Thousands)
|
||
ADDITIONS
|
||
Net
gain from investment in Master Trust (Note 3)
|
$106,534
|
|
Interest
from loans to members
|
856
|
|
Employer
contributions
|
7,655
|
|
Member
contributions
|
27,508
|
|
142,553
|
||
DEDUCTIONS
|
||
Distributions
to members
|
75,762
|
|
Fees
and expenses
|
1,039
|
|
76,801
|
||
NET
INCREASE
|
65,752
|
|
Net
Assets Available for Benefits at Beginning of Year
|
874,829
|
|
Net
Assets Available for Benefits at End of Year
|
$940,581
|
(Dollars
in Thousands)
|
Plan's
|
Plan's
|
||||
December
31,
|
Percentage
|
December
31,
|
Percentage
|
|||
2007
|
Interest
(a)
|
2006
|
Interest
(a)
|
|||
Mutual
Funds
|
||||||
Vanguard
S & P 500 Index Fund
|
$166,063
|
57%
|
$150,915
|
57%
|
||
Fidelity
Equity Income Fund
|
97,952
|
79%
|
108,027
|
80%
|
||
Vanguard
Morgan Growth
|
79,335
|
65%
|
68,161
|
65%
|
||
Vanguard
Wellington Fund
|
77,609
|
63%
|
48,330
|
67%
|
||
Morgan
Stanley International Fund
|
72,782
|
69%
|
63,288
|
70%
|
||
T.
Rowe Price Retirement 2005 Fund
|
645
|
98%
|
-
|
0%
|
||
T.
Rowe Price Retirement 2010 Fund
|
8,710
|
81%
|
2,287
|
71%
|
||
T.
Rowe Price Retirement 2015 Fund
|
6,551
|
73%
|
1,595
|
76%
|
||
T.
Rowe Price Retirement 2020 Fund
|
4,711
|
71%
|
668
|
59%
|
||
T.
Rowe Price Retirement 2025 Fund
|
1,494
|
77%
|
416
|
96%
|
||
T.
Rowe Price Retirement 2030 Fund
|
1,956
|
68%
|
753
|
72%
|
||
T.
Rowe Price Retirement 2035 Fund
|
1,393
|
51%
|
282
|
92%
|
||
T.
Rowe Price Retirement 2040 Fund
|
1,425
|
64%
|
455
|
90%
|
||
T.
Rowe Price Retirement 2045 Fund
|
1,233
|
70%
|
466
|
70%
|
||
T.
Rowe Price Retirement 2050 Fund
|
48
|
55%
|
-
|
0%
|
||
T.
Rowe Price Retirement 2055 Fund
|
80
|
18%
|
-
|
0%
|
||
T.
Rowe Price Retirement Income Fund
|
437
|
74%
|
-
|
0%
|
||
Total
Mutual Funds
|
522,424
|
445,643
|
||||
CSX
Common Stock
|
674,798
|
40%
|
609,287
|
43%
|
||
Separately
Managed Account
|
||||||
Wellington
Growth Fund
|
37,177
|
68%
|
42,187
|
69%
|
||
Wellington
Growth Fund - loaned
|
(18,622)
|
(20,584)
|
||||
Total
Separately Managed Account
|
18,555
|
21,603
|
(Dollars
in Thousands)
|
Plan's
|
Plan's
|
||||
December
31,
|
Percentage
|
December
31,
|
Percentage
|
|||
2007
|
Interest (a)
|
2006
|
Interest
(a)
|
|||
Pooled
Separate Account
|
||||||
Stable
Interest Fund
|
78%
|
80%
|
||||
Cash
and Cash Equivialents
|
91,806
|
87,861
|
||||
Mutual
Funds
|
94,477
|
102,218
|
||||
Government
securities, corporate bonds,
|
||||||
mortgages
and other
|
166,994
|
141,040
|
||||
RiverSource
Trust Stable Capital Fund II
|
29,035
|
17,799
|
||||
Synthetic
Guaranteed Investment
|
||||||
Contract
- Wrappers
|
875
|
1,275
|
||||
Government
securities, corporate bonds,
|
||||||
mortgages
and other - loaned
|
(24,195)
|
(21,684)
|
||||
Total
Pooled Separate Account
|
358,992
|
328,509
|
||||
Collateral
held under securities lending
|
||||||
agreements
(excluding noncash collateral)
|
39,984
|
40,558
|
||||
Securities
on loan
|
42,817
|
42,268
|
||||
Total
Assets:
|
1,657,570
|
1,487,868
|
||||
Liabilities:
|
||||||
Obligations
under securities lending agreements
|
39,984
|
40,558
|
||||
Accrued
expenses
|
478
|
186
|
||||
Net
assets available for benefits, at fair value
|
1,617,108
|
1,447,124
|
||||
Adjustment
from fair value to contract value for
|
||||||
interest
in Master Trust relating to fully benefit-
|
||||||
responsive
investment contracts
|
(17,352)
|
(8,543)
|
||||
Net
assets
|
$1,599,756
|
$1,438,581
|
||||
Plan’s
investment in the Master Trust’s net assets
|
$925,173
|
58%
|
$859,532
|
60%
|
(Dollars
in Thousands)
|
||
Net
gain from investments in Master Trust:
|
||
Mutual
funds (quoted market price)
|
$28,413
|
|
CSX
common stock (quoted market price)
|
166,027
|
|
Common
stock (quoted market price)
|
(1,805)
|
|
Collective
trust fund (quoted redemption price)
|
1,178
|
|
193,813
|
||
Interest
and dividend income
|
27,001
|
|
Investment
income for the Master Trust
|
$220,814
|
(Dollars
in Thousands)
|
2007
|
2006
|
|
Securities
on loan
|
$42,817
|
$42,268
|
|
Cash
collateral held by the Master Trust
|
39,984
|
40,558
|
|
Noncash
collateral held by the Master Trust
|
3,833
|
2,840
|
|
Income
earned through each year
|
142
|
43
|
TAX SAVINGS THIFT PLAN FOR EMPLOYEES OF CSX CORPORATION | |||
AND AFFILIATED COMPANIES | |||
EIN:
62-1051971 Plan Number: 003
|
|||
SCHEDULE
H, LINE 4i
|
|||
SCHEDULE
OF ASSETS (HELD AT END OF YEAR)
|
|||
December
31 ,2007
|
|||
(c)
|
|||
(b)
|
Description of Investment
|
||
Identity
of Issue,
|
Including
Maturity Date,
|
||
Borrower,
Lessor, or
|
Rate
of Interest, Collateral
|
(e)
|
|
(a)
|
Similar
Party
|
Par
or Maturity Value
|
Current
Value
|
|
|||
*
|
Members
|
Loans
with interest rates of 4.0% to 11.00%, maturing through
2032
|
$12,746,599
|
*Indicates
a party-in-interest to the Plan.
|
|||
Note:
Cost information has not been included, because all investments are member
directed.
|