UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 11-K
ANNUAL REPORTS OF EMPLOYEE STOCK PURCHASE, SAVINGS
AND SIMILAR PLANS PURSUANT TO SECTION 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
(Mark One)
x | ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. |
For the fiscal year ended December 31, 2012.
OR
¨ | TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. |
For the transition period from to
Commission file number 0-10436.
L. B. Foster Company 401(k) and Profit Sharing Plan
(Full title of the plan and the address of plan, if different from that of the issuer named below)
L. B. FOSTER COMPANY
415 Holiday Drive
Pittsburgh, PA 15222
(Name of issuer of the securities held pursuant to the plan and the address of its principal executive office)
EXHIBIT INDEX
Exhibit 23.1 | Consent of Independent Registered Public Accounting Firm |
L. B. Foster Company
401(k) and Profit Sharing Plan
Financial Statements
and Supplemental Schedule
December 31, 2012 and 2011 and the
Year Ended December 31, 2012
1 | ||||
Financial Statements |
||||
2 | ||||
3 | ||||
4 | ||||
Schedule H, Line 4i Schedule of Assets (Held at End of Year) |
15 | |||
17 |
Report of Independent Registered Public Accounting Firm
The Plan Administrator
L. B. Foster Company
401(k) and Profit Sharing Plan
We have audited the accompanying statements of net assets available for benefits of the L. B. Foster Company 401(k) and Profit Sharing Plan as of December 31, 2012 and 2011, and the related statement of changes in net assets available for benefits for the year ended December 31, 2012. These financial statements are the responsibility of the Plans 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. We were not engaged to perform an audit of the Plans 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 Plans 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, and evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Plan at December 31, 2012 and 2011, and the changes in its net assets available for benefits for the year ended December 31, 2012, in conformity with U.S. generally accepted accounting principles.
Our audits were conducted for the purpose of forming an opinion on the financial statements taken as a whole. The accompanying supplemental schedule of assets (held at end of year) as of December 31, 2012 is presented for purposes of additional analysis and is not a required part of the financial statements but is supplementary information required by the Department of Labors Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. Such information has been subjected to the auditing procedures applied in our audits of the financial statements and, in our opinion, is fairly stated in all material respects in relation to the financial statements taken as a whole.
/s/ Ernst & Young LLP
Pittsburgh, Pennsylvania
June 28, 2013
1
401(k) and Profit Sharing Plan
Statements of Net Assets Available for Benefits
December 31 | ||||||||
2012 | 2011 | |||||||
Assets |
||||||||
Investments, at fair value |
$ | 56,751,194 | $ | 54,788,736 | ||||
Receivables: |
||||||||
Notes receivable from participants |
1,181,259 | 1,577,621 | ||||||
Contribution receivable from employer |
1,000,000 | 750,000 | ||||||
Other receivables |
5,716 | | ||||||
|
|
|
|
|||||
Net assets available for benefits |
$ | 58,938,169 | $ | 57,116,357 | ||||
|
|
|
|
See accompanying notes.
2
401(k) and Profit Sharing Plan
Statement of Changes in Net Assets Available for Benefits
Year Ended December 31, 2012
Additions |
||||
Investment income: |
||||
Interest and dividends |
$ | 1,897,018 | ||
Net realized/unrealized appreciation in investment fair value |
5,688,578 | |||
|
|
|||
Total investment income |
7,585,596 | |||
Contributions: |
||||
Employee |
2,536,788 | |||
Employer |
2,099,636 | |||
Rollover |
979,662 | |||
|
|
|||
Total contributions |
5,616,086 | |||
|
|
|||
Total additions |
13,201,682 | |||
Deductions |
||||
Deductions from net assets attributable to: |
||||
Benefit payments |
11,361,941 | |||
Administrative expenses |
17,903 | |||
Other |
26 | |||
|
|
|||
11,379,870 | ||||
|
|
|||
Increase in net assets available for benefits |
1,821,812 | |||
Net assets available for benefits, beginning of year |
57,116,357 | |||
|
|
|||
Net assets available for benefits, end of year |
$ | 58,938,169 | ||
|
|
See accompanying notes.
3
401(k) and Profit Sharing Plan
Notes to Financial Statements
December 31, 2012 and 2011
1. Description of Plan
The following brief description of the L. B. Foster Company 401(k) and Profit Sharing Plan (the Plan) is provided for general information purposes. Participants should refer to the summary plan description for more complete information. The plan document is the governing instrument and should be referred to for a full description of the Plan and its provisions. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974 (ERISA).
As a result of the Companys December 15, 2010 acquisition of Portec Rail Products, Inc. (renamed L.B. Foster Rail Technologies), the Plan was amended to permit the merger of the Portec Rail Products, Inc. 401(k) Plan, a qualified retirement plan (the Portec Plan), into the Plan. On August 1, 2011, the merger was completed, and former Portec Plan participants began participating in the Plan.
General
The Plan is a defined contribution plan extended to all eligible employees of L. B. Foster Company (the Company) who have attained age 18. The L. B. Foster Company Investment Committee, appointed by the Board of Directors of the Company, collectively serves as the plan administrator. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974 (ERISA) as amended.
Contributions
Contributions under the Plan are made by both the participants and the Company. A participant who elects to make pretax contributions of at least the maximum amount subject to company matching can also elect to make additional voluntary contributions on an after-tax basis.
Participants may contribute up to 75% of their annual pretax compensation and up to 100% of their compensation on an after-tax basis, subject to Internal Revenue Code limitations. There is no limit on aggregate pretax and after-tax contributions. Participant contributions and employer matching contributions are invested in accordance with participant elections. In the event that a participant does not make an investment election, contributions are invested in the Fidelity Freedom funds until such time as an election is made by the participant. The participant may transfer contributions defaulted to these funds into other investment options at the participants discretion.
4
1. Description of Plan (continued)
The Plan includes a provision for an immediate company match. Participants receive a company match of 100% of the first 1% of their eligible compensation and 50% of the next 6% of their eligible compensation for a maximum company match of 4%. To be eligible for the Companys matching contributions, participants must make pretax deferral contributions or Roth 401(k) after-tax deferral contributions. The Plan will match on the combined total of these contributions up to the matching limit.
The Company, upon resolution of the Board of Directors, may make a discretionary profit-sharing contribution of an amount out of, but not in excess of, the Companys current or accumulated profits. Participants must have attained one year of service as of the last day of the plan year in order to be eligible for the discretionary profit-sharing contribution, if any, for that year. Discretionary profit-sharing contributions are directed into eligible participant accounts based on the participants investment elections at the time the contribution is made. Discretionary profit-sharing contributions of $1,000,000 and $750,000 were approved for both 2012 and 2011, respectively. Forfeitures of discretionary contributions are allocated back to the Company. The Companys matching contributions may be reduced by forfeitures that accumulate from terminations of participants with non-vested employer matching contributions. During the year ended December 31, 2012, forfeitures of $90,182 were utilized to reduce company contributions. At December 31, 2012 and 2011, forfeitures of $19,394 and $69,866, respectively, were available to reduce future company contributions.
Vesting
A participants vested interest in the Plan on any date is equal to the sum of the values of (a) that portion of the participants account attributable to the participants contributions and (b) that portion of the participants account attributable to the Companys contributions multiplied by the applicable vesting percentage, (c) plus related earnings (losses). Participants are 100% vested in the Companys contributions after two years of eligible service.
Notwithstanding the above, a participant who terminates from the Plan by reason of retirement, disability, or death is fully vested in their participant account.
5
1. Description of Plan (continued)
Distributions
Normal retirement age is 65. Early retirement age is 55, provided that the participant has at least five years of service. In addition, a participant may obtain an early retirement distribution prior to reaching age 55, provided that the participant will turn 55 in the year the distribution occurs and that the participant has at least five years of service.
As provided by the Plan, the distribution to which a participant is entitled by reason of normal, early, late, or disability retirement, death, or termination of employment may be made in the form of direct rollover, annuity, cash, or partly in cash and partly as an annuity. The amount of such distribution is equal to the participants vested account balance on the valuation date.
Withdrawals
Under the Plan, a participant may elect to withdraw voluntary, after-tax contributions made to the Plan prior to January 1, 1987. Such withdrawals are subject to a $1,000 minimum. In the event of extreme hardship and subject to certain restrictions and limitations, a participant may withdraw their vested interest in the portion of their account, subject to a $500 minimum, attributable to matching, fixed, and discretionary contributions, and related earnings. The Plan also allows for age 59 1/2 in-service withdrawals of all or any portion of the participants vested account balance.
Participants Accounts
Each participants account is credited with the participants pretax and voluntary contributions, the participants allocable share of company contributions, and related earnings of the funds.
Participants accounts may be invested in 10% increments into any of the mutual funds available under the Plan at the direction of the participant.
6
1. Description of Plan (continued)
Loans
A participant may obtain a loan equal to the lesser of 50% of their vested account balance or $50,000. The loan proceeds are deducted from the participants account and are repaid by means of payroll deductions. Loans are required to be repaid within 60 months from the date on which the loan is originally granted and may be prepaid early without penalty. The repayment period for a loan that is obtained for purchasing a primary residence may be as long as 120 months. The loan carries a reasonable interest rate as determined by the Plan Sponsor. The interest rate is computed on the date the loan is requested and remains fixed for the full term of the loan.
Plan Termination
Although it has not expressed any intention to do so, the Company has the right under the Plan to discontinue its contributions at any time and to terminate the Plan subject to the provisions of ERISA. Should the Plan be terminated, participants will become fully vested in their accounts, and the assets of the Plan would be distributed to the participants based on their individual account balances as determined under the plan provisions.
2. Summary of Significant Accounting Policies
Basis of Accounting
The financial statements of the Plan are maintained on the accrual basis.
Use of Estimates
The preparation of financial statements in accordance with U.S. generally accepted accounting principles requires management to make estimates that affect the amounts reported in the financial statements, accompanying notes and supplemental schedule. Actual results could differ from those estimates.
7
2. Summary of Significant Accounting Policies (continued)
Valuation of Investments
Mutual fund values are based on the underlying investments. Mutual fund securities traded on security exchanges are valued at the latest quoted sales price. Securities traded on a national securities exchange are valued at the last reported sales price on the last business day of the plan year.
Realized gain or loss includes recognized gains and losses on the sale of investments. Unrealized appreciation or depreciation represents changes in value from original cost. Dividend income is recorded on the ex-dividend date and interest income is accrued as earned. Plan assets are concentrated in mutual funds consisting primarily of stocks and bonds. Realization of the Plans net assets available for benefits is dependent on the results of these markets.
Notes Receivable From Participants
Notes receivable from participants represent participant loans that are recorded at their unpaid principal balance plus any accrued but unpaid interest. Interest income on notes receivable from participants is recorded when it is earned and is reported within interest and dividends on the statement of changes in net assets. No allowance for credit losses has been recorded as of December 31, 2012 or 2011. If a participant ceases to make loan repayments and the plan administrator deems the participant loan to be a distribution, the participant loan balance is reduced and a benefit payment is recorded.
Expenses
The Company, as provided by the Plan, pays expenses of the Plan. Expenses incurred to establish and maintain a loan are charged to the applicable participant.
8
3. Investments
For the year ended December 31, 2012, the Plans investments (including investments bought, sold, and held during the year) appreciated in value as follows:
Investment Strategy |
Fair Market Value |
Net Realized/ Unrealized Appreciation (Depreciation) |
||||||||
Mutual Funds: |
||||||||||
Fidelity Investments: |
||||||||||
Government Income Fund |
Inter. Government | $ | 2,130,608 | $ | (41,874 | ) | ||||
Balanced Fund Class K |
Moderate Allocation | 1,075,862 | 19,596 | |||||||
Capital Appreciation Fund Class K |
Large Growth | 1,650,541 | 32,538 | |||||||
International Discovery Fund Class K |
Foreign Large Blend | 2,355,089 | 180,889 | |||||||
Small Cap Stock Fund |
Small Blend | 958,355 | 84,431 | |||||||
Low Price Stock Fund Class K |
Mid-Cap Blend | 2,656,288 | (6,147 | ) | ||||||
Retirement Government Money Market Fund |
Money Market | 3,971,149 | | |||||||
Spartan International Index Fund Advantage Class |
Foreign Large Blend | 465,132 | 12,223 | |||||||
Spartan 500 Index Fund Advantage Class |
Large Blend | 2,996,975 | 155,366 | |||||||
Spartan Extended Market Index Fund Advantage Class |
Mid-Cap Blend | 1,189,400 | (797 | ) | ||||||
Freedom Income Fund Class K |
Retirement Income | 165,063 | (156 | ) | ||||||
Freedom 2000 Class K |
Target Date | 385,078 | (1,566 | ) | ||||||
Freedom 2005 Class K |
Target Date | 715,110 | 523 | |||||||
Freedom 2010 Class K |
Target Date | 2,013,236 | 3,739 | |||||||
Freedom 2015 Class K |
Target Date | 1,472,853 | (693 | ) | ||||||
Freedom 2020 Class K |
Target Date | 4,349,802 | 5,603 | |||||||
Freedom 2025 Class K |
Target Date | 1,400,594 | 13,072 | |||||||
Freedom 2030 Class K |
Target Date | 2,907,555 | 36,893 | |||||||
Freedom 2035 Class K |
Target Date | 263,041 | 15,009 | |||||||
Freedom 2040 Class K |
Target Date | 973,365 | 22,499 | |||||||
Freedom 2045 Class K |
Target Date | 743,700 | 13,808 | |||||||
Freedom 2050 Class K |
Target Date | 433,061 | 8,968 | |||||||
Freedom 2055 Class K |
Target Date | 28,481 | 393 | |||||||
Balanced Fund |
Moderate Allocation | | 95,747 | |||||||
Capital Appreciation Fund |
Large Growth | | 151,178 | |||||||
International Discovery Fund |
Foreign Large Blend | | 242,154 | |||||||
Low Price Stock Fund |
Mid-Cap Blend | | 256,702 | |||||||
Spartan Extended Market Index Fund |
Mid-Cap Blend | | 108,364 | |||||||
Spartan International Index Fund |
Foreign Large Blend | | 56,331 | |||||||
Spartan 500 Index Fund |
Large Blend | | 290,924 | |||||||
Freedom Income Fund |
Retirement Income | | 5,653 | |||||||
Freedom 2000 |
Target Date | | 29,461 | |||||||
Freedom 2005 |
Target Date | | 39,958 | |||||||
Freedom 2010 |
Target Date | | 136,758 | |||||||
Freedom 2015 |
Target Date | | 79,488 | |||||||
Freedom 2020 |
Target Date | | 249,883 |
9
3. Investments (continued)
Investment Strategy |
Fair Market Value |
Net Realized/ Unrealized Appreciation (Depreciation) |
||||||||
Mutual Funds: (continued) |
||||||||||
Fidelity Investments: (continued) |
||||||||||
Freedom 2025 |
Target Date | $ | | $ | 104,963 | |||||
Freedom 2030 |
Target Date | | 267,481 | |||||||
Freedom 2035 |
Target Date | | 53,894 | |||||||
Freedom 2040 |
Target Date | | 119,564 | |||||||
Freedom 2045 |
Target Date | | 62,015 | |||||||
Freedom 2050 |
Target Date | | 32,571 | |||||||
Freedom 2055 |
Target Date | | 311 | |||||||
Columbia/Acorn Select Z |
Mid-Cap Growth | 1,188,952 | 131,602 | |||||||
Guggenheim Mid Cap Value A |
Mid-Cap Blend | 273,488 | 10,381 | |||||||
Mutual Shares Class A |
Large Value | 3,225,990 | 490,142 | |||||||
Oppenheimer Developing Markets Fund |
Large Growth | 573,199 | 94,164 | |||||||
PIMCO Real Return Inst |
Inflation-Protected Bond | 1,896,829 | 41,992 | |||||||
PIMCO Total Return Fund |
Long-Term Bond | 5,232,233 | 144,511 | |||||||
Allianz NFJ Small Cap Value Fund |
Small Value | 1,885,160 | 40,738 | |||||||
Sentinel Common Stock A Fund |
Large Blend | 3,310,984 | 318,109 | |||||||
|
|
|
|
|||||||
52,887,173 | 4,209,356 | |||||||||
Common Stock: |
||||||||||
L. B. Foster Company Stock Fund |
Company Stock | 3,863,073 | 1,479,222 | |||||||
L. B. Foster Company Stock Purchase Account |
Company Stock | 948 | | |||||||
|
|
|
|
|||||||
$ | 56,751,194 | $ | 5,688,578 | |||||||
|
|
|
|
10
3. Investments (continued)
At December 31, 2012 and 2011, the fair value of investments representing 5% or more of the Plans assets is as follows:
2012 | 2011 | |||||||
Mutual Shares Class A |
$ | 3,225,990 | $ | 4,429,581 | ||||
PIMCO Total Return Fund |
5,232,233 | 4,353,492 | ||||||
L. B. Foster Company Stock Fund |
3,863,073 | 4,263,102 | ||||||
Fidelity Investments Retirement Government Money Market Fund |
3,971,149 | 4,203,043 | ||||||
Sentinel Common Stock A Fund |
3,310,984 | 3,266,125 | ||||||
Fidelity Investments Spartan 500 Index Fund |
| 3,108,673 | ||||||
Fidelity Investments Spartan 500 Index Fund Advantage Class |
2,996,975 | | ||||||
Fidelity Investments Freedom 2020 |
| 3,099,500 | ||||||
Fidelity Investments Freedom 2020 Class K |
4,349,802 | | ||||||
Fidelity Investments Freedom 2030 |
| 2,947,954 | ||||||
Fidelity Investments International Discovery Fund |
| 2,337,486 |
4. Income Tax Status
The underlying volume submitter plan has received an opinion letter from the Internal Revenue Service (IRS) dated March 31, 2008, stating that the written form of the underlying volume submitter document is qualified under Section 401(a) of the Internal Revenue Code (the Code). Any employer adopting this form of the plan will be considered to have a plan qualified under Section 401(a) of the Code, and, therefore, the related trust is tax-exempt. Once qualified, the Plan is required to operate in conformity with the Code to maintain its qualified status. The plan administrator believes the Plan is being operated in compliance with the applicable requirements of the Code and, therefore, believes the Plan is qualified and the related trust is tax-exempt.
Accounting principles generally accepted in the United States require plan management to evaluate uncertain tax positions taken by the Plan. The financial statement effects of a tax position are recognized when the position is more likely than not, based on the technical merits,
11
4. Income Tax Status (continued)
to be sustained upon examination by the IRS. The plan administrator has analyzed the tax positions taken by the Plan, and has concluded that as of December 31, 2012, there are no uncertain positions taken or expected to be taken. The Plan has recognized no interest or penalties related to uncertain tax positions. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The plan administrator believes it is no longer subject to income tax examinations for years prior to 2008.
5. Transactions With Parties in Interest
Certain trustee, accounting, and administrative expenses relating to the maintenance of participant records and the Plans administration are absorbed by the Company.
6. Risks and Uncertainties
The Plan invests in various investment securities. Investment securities are exposed to various risks such as interest rate, market, and credit risks. Due to the level of risk 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.
7. Fair Value Measurements
The Plan applies the provisions of Accounting Standards Codification Topic 820, Fair Value Measurements and Disclosures (ASC 820), to its financial assets carried in the financial statements at fair value on a recurring basis. ASC 820 defines fair value as the exchange price that would be received for an asset in an orderly transaction between market participants at the measurement date. ASC 820 also establishes a fair value hierarchy and requires categorization of assets measured at fair value into one of three levels based on the inputs used in the valuation. Assets are classified in their entirety based on the lowest level of input significant to the fair value measurement. The three levels are defined as:
| Level 1 Observable inputs based on quoted prices (unadjusted) in active markets for identical assets. |
12
7. Fair Value Measurements (continued)
| Level 2 Observable inputs, other than those included in Level 1, based on quoted prices for similar assets in active markets or quoted prices for identical assets in inactive markets. |
| Level 3 Unobservable inputs that reflect an entitys own assumptions about the inputs a market participant would use in pricing the asset based on the best information available in the circumstances. |
Investments included in the statements of net assets available for benefits include mutual funds totaling $52,887,173 and $50,524,649 and the Companys common stock fund of $3,863,073 and $4,263,102 and are stated at fair value as of December 31, 2012 and 2011, respectively. These investments are valued based upon daily unadjusted quoted prices and, therefore, are considered Level 1.
13
14
401(k) and Profit Sharing Plan
EIN #25-1324733 Plan #201
Schedule H, Line 4i Schedule of Assets
(Held at End of Year)
December 31, 2012
Identity of Issue, Borrower, Lessor, or Similar Party |
Description of Investment |
Shares Held |
Fair Market Value |
|||||||
Fidelity Investments*: |
||||||||||
Government Income Fund |
Government obligations | 201,381 | $ | 2,130,608 | ||||||
Balanced Fund Class K |
Equities | 53,340 | 1,075,862 | |||||||
Low Price Stock Fund Class K |
Equities | 67,299 | 2,656,288 | |||||||
Small Cap Stock Fund |
Equities | 52,977 | 958,355 | |||||||
International Discovery Fund Class K |
Equities | 71,410 | 2,355,089 | |||||||
Capital Appreciation Fund Class K |
Equities | 56,122 | 1,650,541 | |||||||
Spartan Extended Market Index Fund Advantage Class |
Index funds | 29,802 | 1,189,400 | |||||||
Spartan International Index Fund Advantage Class |
Index funds | 13,569 | 465,132 | |||||||
Spartan 500 Index Fund Advantage Class |
Index funds | 59,358 | 2,996,975 | |||||||
Freedom Income Fund Class K |
Equity funds, fixed income funds | 14,132 | 165,063 | |||||||
Freedom 2000 Class K |
Equity funds, fixed income funds | 32,579 | 385,078 | |||||||
Freedom 2005 Class K |
Equity funds, fixed income funds | 56,620 | 715,110 | |||||||
Freedom 2010 Class K |
Equity funds, fixed income funds | 156,307 | 2,013,236 | |||||||
Freedom 2015 Class K |
Equity funds, fixed income funds | 113,646 | 1,472,853 | |||||||
Freedom 2020 Class K |
Equity funds, fixed income funds | 324,854 | 4,349,802 | |||||||
Freedom 2025 Class K |
Equity funds, fixed income funds | 103,137 | 1,400,594 | |||||||
Freedom 2030 Class K |
Equity funds, fixed income funds | 211,921 | 2,907,555 | |||||||
Freedom 2035 Class K |
Equity funds, fixed income funds | 18,965 | 263,041 | |||||||
Freedom 2040 Class K |
Equity funds, fixed income funds | 69,976 | 973,365 | |||||||
Freedom 2045 Class K |
Equity funds, fixed income funds | 52,782 | 743,700 | |||||||
Freedom 2050 Class K |
Equity funds, fixed income funds | 30,670 | 433,061 | |||||||
Freedom 2055 Class K |
Equity funds, fixed income funds | 2,862 | 28,481 | |||||||
Retirement Government Money Market Fund |
Government obligations, money market securities | 3,971,149 | 3,971,149 | |||||||
Mutual Shares Class A |
Equities | 144,598 | 3,225,990 | |||||||
Guggenheim Mid Cap Value A |
Equities | 8,885 | 273,488 | |||||||
Columbia Acorn Select Z Fund |
Equities | 46,498 | 1,188,952 | |||||||
PIMCO Total Return Fund |
Fixed income securities | 465,501 | 5,232,233 | |||||||
PIMCO Real Return Institutional Fund |
Fixed income securities | 154,591 | 1,896,829 | |||||||
Allianz NFJ Small Cap Value Fund |
Equities | 66,425 | 1,885,160 | |||||||
Oppenheimer Developing Markets A Fund |
Equities | 16,243 | 573,199 | |||||||
Sentinel Common Stock A |
Equities | 96,983 | 3,310,984 | |||||||
|
|
|||||||||
52,887,173 |
15
L. B. Foster Company
401(k) and Profit Sharing Plan
EIN #25-1324733 Plan #201
Schedule H, Line 4i Schedule of Assets
(Held at End of Year) (continued)
Identity of Issue, Borrower, Lessor, or Similar Party |
Description of Investment |
Shares Held |
Fair Market Value |
|||||||
L. B. Foster Company*: |
||||||||||
Stock Fund |
Common stock | 88,929 | $ | 3,863,073 | ||||||
Stock Purchase Account |
Money market securities | | 948 | |||||||
|
|
|||||||||
3,864,021 | ||||||||||
|
|
|||||||||
56,751,194 | ||||||||||
Participant loans* |
Participant loans, interest rates ranging from 4.25% to 10.50%, various maturities ranging from one to thirty years |
1,181,259 | ||||||||
|
|
|||||||||
$ | 57,932,453 | |||||||||
|
|
* | Party in interest |
16
Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the employee benefit plan) have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.
L.B. Foster Company 401(k) And Profit Sharing Plan | ||||||||
(Name of Plan) | ||||||||
Date: | June 28, 2013 |
|||||||
/s/ Brian H. Kelly | ||||||||
Brian H. Kelly | ||||||||
Vice President, Human Resources and Administration |
17