WCC - 2011 11-K

 
 


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 11-K
(Mark One)
þ
ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED]

for the fiscal year ended December 29, 2011

o
TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED]

for the transition period from                      to                     

COMMISSION FILE NUMBER 1-14989

A.Full title of the plan and address of the plan, if different from that of the issuer named below:

WESCO DISTRIBUTION, INC. RETIREMENT SAVINGS PLAN

B.     Name of issuer of the securities held pursuant to the plan and the address of its principal executive offices:

WESCO INTERNATIONAL, Inc.
225 West Station Square Drive
Suite 700
Pittsburgh, Pennsylvania 15219-1122



 




WESCO Distribution, Inc.
Retirement Savings Plan
Index

 
Page(s)
 
 
Financial Statements
 
 
 
 
 
 
 
 
 
Supplementary Schedule
 
 
 
 
 
     EX-23.1
 







Report of Independent Registered Public Accounting Firm



To the Participants and Administrator of the
WESCO Distribution, Inc. Retirement Savings Plan
Pittsburgh, Pennsylvania


We have audited the accompanying statements of net assets available for benefits of the WESCO Distribution, Inc. Retirement Savings Plan (the Plan) as of December 29, 2011 and 2010, and the related statements of changes in net assets available for benefits for the years then ended.  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 of America).  Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement.  An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements.  An audit also includes 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, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Plan as of December 29, 2011 and 2010, and the changes in net assets available for benefits for the years then ended, in conformity with accounting principles generally accepted in the United States of America.

Our audits were performed for the purpose of forming an opinion on the basic financial statements taken as a whole.  The supplementary schedule of assets (held at end of year) 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 supplementary schedule is the responsibility of the Plan's management.  The supplementary schedule has been subjected to the auditing procedures applied in the audits of the basic financial statements and, in our opinion, the information is fairly stated in all material respects in relation to the basic financial statements taken as a whole.



/s/ Alpern Rosenthal
Pittsburgh, Pennsylvania
June 26, 2012


1


WESCO Distribution, Inc.
Retirement Savings Plan
Statements of Net Assets Available for Benefits
December 29, 2011 and 2010

 
 
2011
 
2010
Investments at fair value (Notes 2, 4, and 7)
 
 
 
 
     Shares of registered investment companies
 
$
212,889,446

 
$
206,330,334

     Common collective trusts
 
24,425,750

 
22,094,976

     Stock funds and self-directed accounts
 
24,187,238

 
23,263,414

     Stable Value Fund
 
131,188,232

 
112,092,798

     RAFI Enhanced Large Company Fund
 
22,638,897

 
23,152,545

 
 
415,329,563

 
386,934,067

Receivables
 
 
 
 
      Employer discretionary contribution
 
15,035,869

 
13,335,799

      Accrued interest
 

 
21,714

      Promissory notes from participants (Note 5)
 
11,742,957

 
11,111,960

          Net assets available for benefits at fair value
 
442,108,389

 
411,403,540

 
 
 
 
 
Adjustment from fair value to contract value for interest in
 
 
 
 
     the Stable Value Fund relating to fully benefit-responsive
 
 
 
 
     contracts (Note 7)
 
(9,920,573
)
 
(5,836,194
)
          Net assets available for benefits
 
$
432,187,816

 
$
405,567,346





























The accompanying notes are an integral part of these financial statements.

2


WESCO Distribution, Inc.
Retirement Savings Plan
Statements of Changes in Net Assets Available for Benefits
Fiscal Years Ended December 29, 2011 and 2010

 
 
2011
 
2010
Additions
 
 
 
 
Employee contributions
 
$
24,525,941

 
$
21,050,278

Employee rollovers
 
1,567,368

 
823,825

Employer contributions (including discretionary contributions)
 
23,514,952

 
19,843,174

Net appreciation from shares of registered investment companies
 

 
24,621,547

Net appreciation from common collective trusts
 

 
2,311,901

Net appreciation from stock funds and self-directed accounts
 

 
8,188,226

Net appreciation from the Stable Value Fund
 
4,832,770

 
4,850,771

Net appreciation from the RAFI Enhanced Large Company Fund
 
329,422

 
3,405,912

Interest and dividend income
 
4,620,459

 
4,550,634

          Total additions
 
59,390,912

 
89,646,268

 
 
 
 
 
Deductions
 
 
 
 
Net depreciation from shares of registered investment companies
 
8,187,327

 

Net depreciation from common collective trusts
 
833,615

 

Net depreciation from stock funds and self-directed accounts
 
67,877

 

Distributions to withdrawing participants
 
35,753,739

 
32,381,538

Administrative expenses
 
828,453

 
740,219

          Total deductions
 
45,671,011

 
33,121,757

          Net increase
 
13,719,901

 
56,524,511

Transfer in from TVC Communications, L.L.C. Employees' 401(k) Plan (Note 9)
 
12,900,569

 

Net assets available for benefits
 
 
 
 
Beginning of year
 
405,567,346

 
349,042,835

End of year
 
$
432,187,816

 
$
405,567,346



















The accompanying notes are an integral part of these financial statements.

3


WESCO Distribution, Inc.
Retirement Savings Plan
Notes to Financial Statements
December 29, 2011 and 2010

1.
Major Features of the Plan

Background

WESCO Distribution, Inc. Retirement Savings Plan (the “Plan”) was established as of February 28, 1994 (date of inception). At the date of inception, certain employees of the predecessor company became employees of WESCO Distribution, Inc. (the “Company”) and participants in the Plan. At the date of inception, all funds held by the prior plans of the predecessor company related to the employees of the Company were transferred to the Plan.

The Plan is a participant-directed defined contribution plan covering certain employees of the Company and former employees with a fund balance of at least $5,000 who elected to maintain their funds in the Plan. Former employees cannot make contributions to the Plan.
Participation for eligible employees requires an employee to be scheduled to work at least 1,000 hours per year and requires an employee to be paid through the Plan sponsor's payroll system.
Contributions

The Plan is subject to the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). Participants may elect to make tax deferred contributions ranging from 1% up to the lesser of 50% of their eligible compensation or $16,500. The $16,500 limit may be adjusted in future years by the Internal Revenue Service (“IRS”). The sum of the tax deferred contributions and the after-tax contributions cannot exceed 50% of the participant's eligible compensation. Subject to limitation, the Company will make matching contributions in an amount equal to 50% of a participant's total monthly contributions up to a maximum of 3% of their compensation. Also, the Company may, at the Board of Directors' discretion, make a discretionary contribution to the Plan provided certain predetermined profit levels are attained.
Effective January 1, 2010, the Company reinstated employer matching and discretionary contributions that had been suspended since August 1, 2009. Discretionary contributions of $15,035,869 and $13,335,799 were made for the Plan's fiscal years ended December 29, 2011 and 2010, respectively.
The Plan includes a negative enrollment policy. Under this policy, if an individual does not submit an automatic enrollment waiver or elect a deferral rate, the employee will be automatically enrolled in the Plan at a 3% deferral rate. The deferral rate is increased by 1% each September 1 until the deferral rate equals 6%.
Participants who have attained age 50 before the close of the plan year are eligible to make catch-up contributions in addition to pre-tax contributions. A catch-up contribution is a pre-tax contribution that exceeds the annual deferral limit. A participant's total catch-up contribution cannot exceed $5,500 in 2011 and 2010. The catch up contribution limits are determined by the IRS and then indexed for inflation. In addition to cash, in-kind contributions are permitted which may consist of stocks, bonds, property or other securities.
Vesting

Participants are fully vested in the value of their contributions and related investment income at all times and vest in their allocated share of employer matching and discretionary contributions according to the following table:

Less than two years of service
0
%
Two years of service
20
%
Three years of service
40
%
Four years of service
66
%
Five or more years of service
100
%

4


WESCO Distribution, Inc.
Retirement Savings Plan
Notes to Financial Statements
December 29, 2011 and 2010

In conjunction with a leveraged recapitalization of the Company, all active employees as of June 5, 1998 became fully vested.
Forfeitures

Employer contributions forfeited by participants not vested at their termination date are used to reinstate previously forfeited account balances of former participants who have returned to the Company, reduce employer contributions in accordance with the Plan's provisions or pay Plan expenses. Total forfeitures that reduced employer contributions in both 2011 and 2010 were approximately $741,000 and $1,389,000, respectively. As of December 29, 2011, a balance of approximately $84,000 was available to reduce employer contributions in 2012.
Participant Accounts

An account is maintained for each participant, which is credited with the participant's and the employer's matching contributions and an allocation of employer's discretionary contributions, plan earnings and administrative expenses. Allocations are based on participant contributions or account balances, as defined by the Plan. The benefit to which a participant is entitled is the benefit that can be provided from the participant's vested account balance.
2.
Summary of Significant Accounting Policies

Accounting Principles

The financial statements of the Plan have been prepared in accordance with accounting principles generally accepted in the United States of America. The following are the significant accounting policies followed by the Plan:
Basis of Accounting

The accounting records of the Plan are maintained on the accrual basis of accounting.
Recent Accounting Pronouncements
In May 2011, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2011-04, Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs. This ASU clarifies existing fair value measurement and disclosure requirements, amends certain fair value measurement principles and requires additional disclosures regarding the valuation processes used by the Plan in Level 3 measurements. The Plan does not expect the provisions of this ASU, which are effective for the Plan year beginning December 30, 2011, to have a material impact on the Plan’s financial statements.

In January 2010, the FASB issued Accounting Standards Update 2010-06, Improving Disclosures about Fair Value Measurements (ASU 2010-06). ASU 2010-06 amended Accounting Standards Codification 820, Fair Value Measurements and Disclosures (ASC 820), to clarify certain existing fair value disclosures and to require a number of additional disclosures. The guidance in ASU 2010-06 clarified that disclosures should be presented separately for each “class” of assets and liabilities measured at fair value and provided guidance on how to determine the appropriate classes of assets and liabilities to be presented. ASU 2010-06 also clarified the requirement for entities to disclose information about both the valuation techniques and inputs used in estimating Level 2 and Level 3 fair value measurements. In addition, ASU 2010-06 introduced new requirements to disclose the amounts (on a gross basis) and reasons for any significant transfers between Levels 1, 2, and 3 of the fair value hierarchy and to present information regarding the purchases, sales, issuances, and settlements of Level 3 assets and liabilities on a gross basis. ASU 2010-06 was effective for reporting periods beginning after December 15, 2009. The adoption of this portion of ASU 2010-06 did not have a material impact on the Plan’s assets available for benefits or its changes in net assets available for benefits. For the reconciliation of Level 3 fair value measurements, ASU 2010-06 is effective reporting periods beginning after December 15, 2010. The adoption of this portion of ASU 2010-06 did not have a material impact on the Plan’s assets available for benefits or changes therein.


5


WESCO Distribution, Inc.
Retirement Savings Plan
Notes to Financial Statements
December 29, 2011 and 2010

Other pronouncements issued by the FASB or other authoritative accounting standard groups with future effective dates are either not applicable or not expected to be significant to the Plan.
Investment Valuation and Income Recognition

The Plan has adopted a framework for measuring fair value under current accounting pronouncements that requires fair value measurements and enhanced disclosures about fair value measurements. This framework defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction. Disclosures include a fair value hierarchy which requires an entity to maximize the use of observable inputs when measuring fair value.
The three levels of inputs that may be used to measure fair value are as follows:
Level 1 - Observable inputs such as quoted prices in active markets for identical investments that the Plan has the ability to access.

Level 2 - Inputs include:

1.
Quoted prices for similar assets or liabilities in active markets;

2.
Quoted prices for identical or similar assets or liabilities in inactive markets;

3.
Inputs, other than quoted prices in active markets, that are observable either directly or indirectly;

4.
Inputs that are derived principally from, or corroborated by, observable market data by correlation or other means.

Level 3 - Unobservable inputs in which there is little or no market activity for the asset or liability, which require the reporting entity to develop its own estimates and assumptions relating to the pricing of the asset or liability, including assumptions regarding risk.

The asset's or liability's fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement.
Following is a description of the valuation methodologies used for assets measured at fair value. There have been no changes in the methodologies used as of December 29, 2011 and 2010.
Common stocks, corporate bonds and U.S. government securities are valued at the closing price reported on the active market on which the individual securities are traded.   

Registered investment companies are valued at the net asset value of shares held by the Plan as of December 29.

Common collective trusts are valued at fair value by determining the price of the underlying investments. Equities listed on an exchange are valued at the latest quoted sales price of the exchange on which the security is primarily traded. Securities that are not traded on the valuation date or securities that are not listed on an exchange are valued at the latest bid price provided by the trust's pricing service.   

The Stable Value Fund (Note 7) is valued based on the underlying securities which include corporate bonds, commercial mortgage-backed securities and government securities.

The RAFI Enhanced Large Company Fund is valued based on the underlying securities which include common stocks.



6


WESCO Distribution, Inc.
Retirement Savings Plan
Notes to Financial Statements
December 29, 2011 and 2010

The methods described above may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values.  Furthermore, while the Plan believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement as of the reporting date.  
Investment contracts held by a defined-contribution plan are required to be reported at fair value. However, contract value is the relevant measurement attribute for that portion of the net assets available for benefits of a defined-contribution plan attributable to fully benefit-responsive investment contracts, because contract value is the amount participants would receive if they were to initiate permitted transactions under the terms of the plan. As required by current accounting pronouncements, the statement of net assets available for benefits presents the fair value of the investment contracts as well as the adjustment of the fully benefit-responsive investment contracts from fair value to contract value. The statement of changes in net assets available for benefits is prepared on a contract value basis.
Purchases and sales of securities are recorded on a trade date basis. Dividends are recorded on the ex-dividend date. Interest income is recorded on an accrual basis.
Net Appreciation (Depreciation) in Value of Investments

The Plan presents in the statement of changes in net assets available for benefits the net appreciation (depreciation) in the fair value of its investments, consisting of realized gains (losses) and unrealized gains (losses) in the registered investment companies, common collective trusts, Stable Value Fund, RAFI Enhanced Large Company Fund, WESCO International stock and other common stocks.
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 significant estimates and assumptions. These estimates may affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of additions and deductions during the reporting period. Actual results could differ from those estimates.
Risks and Uncertainties

The Plan provides for various investment options in any combination of stocks, bonds, fixed income securities and other investment securities. Investment securities are exposed to various risks, such as interest rate, market and credit risk. Due to the level of risk associated with certain investment securities and the level of uncertainty related to changes in the value of investment securities, it is at least reasonably possible that changes in the near-term could materially affect (i) participants' account balances, and (ii) the amounts reported in the (a) statements of net assets available for benefits and the (b) statements of changes in net assets available for benefits.
Other

All administrative expenses were paid by the Plan during 2011 and 2010.
Payment of Benefits

Benefits are recorded when paid.
3.
Tax Status

The IRS has determined and informed the Company by a letter dated October 15, 2003, that the Plan is designed in accordance with Section 401(a) of the Internal Revenue Code (“IRC”) and, therefore, is exempt from federal taxes under provisions of Section 501(a). Accordingly, no provision for income taxes has been included in the Plan's financial statements. The Plan has been amended since receiving its determination letter. However, the Plan administrator and the Plan's tax counsel

7


WESCO Distribution, Inc.
Retirement Savings Plan
Notes to Financial Statements
December 29, 2011 and 2010

believe the Plan is designed and is currently being operated in compliance with the applicable requirements of the IRC.
Accounting principles generally accepted in the United States of America require plan management to evaluate tax positions taken by the plan and recognize a tax liability (or asset) if the plan has taken an uncertain position that more likely than not would not be sustained upon examination by a taxing authority.  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 2009.

4.
Investments

The  following  tables  sets forth the  fair  value  of  the  Plan's  assets by level, as described in Note 2, as of December 29, 2011 and 2010:
 
December 29, 2011
 
 
 
 
 
 
 
 
 
 
 
Level 1
 
Level 2
 
Level 3
 
Total
Shares of registered investment companies:
 
 
 
 
 
 
 
 
   Small growth
 
$
3,963,931

 
$

 
$

 
$
3,963,931

   Small value
 
2,278,256

 

 

 
2,278,256

   Large growth
 
34,794,349

 

 

 
34,794,349

   Large value
 
14,309,876

 

 

 
14,309,876

   Moderate allocation
 
52,424,484

 

 

 
52,424,484

   Mid-cap value
 
19,028,710

 

 

 
19,028,710

   Mid-cap growth
 
38,768,312

 

 

 
38,768,312

   Foreign large blend
 
22,296,936

 

 

 
22,296,936

   Intermediate-term bond
 
23,230,499

 

 

 
23,230,499

   World bond
 
1,794,093

 

 

 
1,794,093

Total shares of registered investment companies
 
212,889,446

 

 

 
212,889,446

 
 
 
 
 
 
 
 
 
Common collective trusts:
 
 
 
 
 
 
 

   Conservative allocation
 

 
4,805,624

 

 
4,805,624

   Moderate allocation
 

 
11,400,358

 

 
11,400,358

   Large blend
 

 
8,219,768

 

 
8,219,768

Total common collective trusts
 

 
24,425,750

 

 
24,425,750

 
 
 
 
 
 
 
 
 
Stock funds and self-directed accounts:
 
 
 
 
 
 
 
 
  WESCO International Pooled Stock Fund
 
17,276,264

 

 

 
17,276,264

 
 
 
 
 
 
 
 
 
  Self-directed accounts:
 
 
 
 
 
 
 
 
    Cash and cash equivalents
 
1,026,658

 

 

 
1,026,658

    Preferred stock
 
2

 

 

 
2

    Common stock:
 
 
 
 
 
 
 

         Transportation
 
177,683

 

 

 
177,683

         Food, beverages & tobacco
 
261,066

 

 

 
261,066

         Building materials
 
46,302

 

 

 
46,302


8


WESCO Distribution, Inc.
Retirement Savings Plan
Notes to Financial Statements
December 29, 2011 and 2010


 
December 29, 2011
(continued)
 
 
 
 
 
 
 
 
 
 
 
 
 
Level 1
 
Level 2
 
Level 3
 
Total
         Chemicals
 
47,703

 

 

 
47,703

         Communications & media
 
154,569

 

 

 
154,569

         Electronics & equipment
 
311,686

 

 

 
311,686

         Energy
 
240,681

 

 

 
240,681

         Financial
 
443,565

 

 

 
443,565

         Health care services
 
497,795

 

 

 
497,795

         Industrial
 
110,968

 

 

 
110,968

         Leisure & entertainment
 
189,277

 

 

 
189,277

         Metals
 
186,484

 

 

 
186,484

         Miscellaneous
 
176,972

 

 

 
176,972

         Multi-industry
 
108,530

 

 

 
108,530

         Retail
 
95,659

 

 

 
95,659

         Utilities
 
426,136

 

 

 
426,136

       Mutual funds:
 
 
 
 
 
 
 
 
         Fixed
 
461,821

 

 

 
461,821

         Balanced
 
415,748

 

 

 
415,748

         Equity
 
1,188,070

 

 

 
1,188,070

         International
 
343,599

 

 

 
343,599

Total stock funds and self-directed accounts
 
24,187,238

 

 

 
24,187,238

 
 
 
 
 
 
 
 
 
Stable Value Fund
 

 
131,188,232

 

 
131,188,232

 
 
 
 
 
 
 
 
 
RAFI Enhanced Large Company Fund
 
 
 
 
 
 
 
 
    Cash and cash equivalents
 

 
180,803

 

 
180,803

    Common stock:
 
 
 
 
 
 
 
 
         Consumer discretionary
 

 
2,877,204

 

 
2,877,204

         Consumer staples
 

 
2,238,559

 

 
2,238,559

         Distribution services
 

 
574,374

 

 
574,374

         Energy
 

 
2,761,785

 

 
2,761,785

         Financials
 

 
3,352,508

 

 
3,352,508

         Health care services
 

 
2,400,930

 

 
2,400,930

         Industrials
 

 
2,115,962

 

 
2,115,962

         Information technology
 

 
2,659,976

 

 
2,659,976

         Materials
 

 
784,284

 

 
784,284

         Telecommunication services
 

 
1,149,604

 

 
1,149,604

         Utilities
 

 
1,542,908

 

 
1,542,908

Total RAFI Enhanced Large Company Fund
 

 
22,638,897

 

 
22,638,897

 
 
 
 
 
 
 
 


 
 
$
237,076,684

 
$
178,252,879

 
$

 
$
415,329,563




9


WESCO Distribution, Inc.
Retirement Savings Plan
Notes to Financial Statements
December 29, 2011 and 2010

 
December 29, 2010
 
 
 
 
 
 
 
 
 
 
 
Level 1
 
Level 2
 
Level 3
 
Total
Shares of registered investment companies:
 
 
 
 
 
 
 
 
   Small growth
 
$
2,324,761

 
$

 
$

 
$
2,324,761

   Small value
 
1,788,814

 

 

 
1,788,814

   Large growth
 
35,447,600

 

 

 
35,447,600

   Large value
 
13,466,588

 

 

 
13,466,588

   Moderate allocation
 
43,962,362

 

 

 
43,962,362

   Mid-cap value
 
21,629,071

 

 

 
21,629,071

   Mid-cap growth
 
42,693,921

 

 

 
42,693,921

   Foreign large blend
 
24,894,918

 

 

 
24,894,918

   Intermediate-term bond
 
20,122,299

 

 

 
20,122,299

Total shares of registered investment companies
 
206,330,334

 

 

 
206,330,334

 
 
 
 
 
 
 
 
 
Common collective trusts:
 
 
 
 
 
 
 
 
   Conservative allocation
 

 
4,254,078

 

 
4,254,078

   Moderate allocation
 

 
9,513,259

 

 
9,513,259

   Large blend
 

 
8,327,639

 

 
8,327,639

Total common collective trusts
 

 
22,094,976

 

 
22,094,976

 
 
 
 
 
 
 
 
 
Stock funds and self-directed accounts:
 
 
 
 
 
 
 
 
  WESCO International Pooled Stock Fund
 
16,466,959

 

 

 
16,466,959

 
 
 
 
 
 
 
 
 
  Self-directed accounts:
 
 
 
 
 
 
 
 
    Cash and cash equivalents
 
898

 

 

 
898

    Preferred stock
 
7

 

 

 
7

    Common stock:
 
 
 
 
 
 
 
 
         Transportation
 
191,351

 

 

 
191,351

         Food, beverages & tobacco
 
127,927

 

 

 
127,927

         Building materials
 
59,007

 

 

 
59,007

         Chemicals
 
23,031

 

 

 
23,031

         Communications & media
 
136,320

 

 

 
136,320

         Electronics & equipment
 
797,617

 

 

 
797,617

         Energy
 
134,341

 

 

 
134,341

         Financial
 
480,782

 

 

 
480,782

         Health care services
 
219,290

 

 

 
219,290

         Industrial
 
80,421

 

 

 
80,421

         Leisure & entertainment
 
197,648

 

 

 
197,648

         Metals
 
163,041

 

 

 
163,041

         Miscellaneous
 
264,363

 

 

 
264,363

         Multi-iIndustry
 
149,379

 

 

 
149,379

         Retail
 
42,607

 

 

 
42,607

         Utilities
 
233,921

 

 

 
233,921

       Mutual funds:
 
 
 
 
 
 
 
 
         Short term
 
958,205

 

 

 
958,205

         Fixed
 
307,421

 

 

 
307,421

         Balanced
 
314,066

 

 

 
314,066

         Equity
 
1,509,772

 

 

 
1,509,772

         International
 
405,040

 

 

 
405,040

Total stock funds and self-directed accounts
 
23,263,414

 

 

 
23,263,414



10


WESCO Distribution, Inc.
Retirement Savings Plan
Notes to Financial Statements
December 29, 2011 and 2010

 
December 29, 2010
(continued)
 
 
 
 
 
 
 
 
 
 
 
Level 1
 
Level 2
 
Level 3
 
Total
Stable Value Fund
 

 
112,092,798

 

 
112,092,798

 
 
 
 
 
 
 
 

RAFI Enhanced Large Company Fund:
 
 
 
 
 
 
 

    Cash and cash equivalents
 

 
291,309

 
 
 
291,309

    Common stock:
 
 
 
 
 
 
 


         Consumer discretionary
 

 
2,978,260

 

 
2,978,260

         Consumer staples
 

 
2,138,452

 

 
2,138,452

         Energy
 

 
2,833,331

 

 
2,833,331

         Financials
 

 
4,617,255

 

 
4,617,255

         Health care services
 

 
1,933,118

 

 
1,933,118

         Industrials
 

 
2,879,403

 

 
2,879,403

         Information technology
 

 
2,429,792

 

 
2,429,792

         Materials
 

 
839,713

 

 
839,713

         Telecommunication services
 

 
854,860

 

 
854,860

         Utilities
 

 
1,357,052

 

 
1,357,052

Total RAFI Enhanced Large Company Fund
 

 
23,152,545

 

 
23,152,545

 
 
 
 
 
 
 
 
 
 
 
$
229,593,748

 
$
157,340,319

 
$

 
$
386,934,067



Investments (at fair value) representing 5% or more of the net assets available for benefits as of December 29, 2011 and 2010 were as follows:

 
 
2011
 
2010
AMCAP Fund (Class R-5)
 
$
34,794,349

 
$
35,447,600

American Balanced Fund (Class A)
 
52,424,484

 
43,962,362

Columbia Acorn Fund (Class A)
 
38,768,312

 
42,693,921

Columbia Mid Cap Value Fund (Class A)
 

 
21,629,071

Loomis Sayles Investment Grade Bond Fund (Class Y)
 
23,230,499

 

Stable Value Fund
 
131,188,232

 
112,092,798

Thornburg International Value Fund
 
22,296,936

 
24,894,918


5.
Promissory Notes From Participants

Participants are permitted to borrow against a portion of their vested account balance, pursuant to nondiscriminatory rules established by the Administrative Committee, up to a maximum of $50,000 or 50% of their vested account balance. Each loan is to be repaid over a period not to exceed five years.
The interest rate applied to participant loans is established each month by the Administrative Committee at 1% above the PNC Bank prime interest rate. The interest rate on loans outstanding ranged between 4.25% and 10.5% for the fiscal years ended December 29, 2011 and 2010. Principal and interest payments are generally made through monthly payroll deductions and are credited to the participant's individual account. Loans of approximately $6,257,000 and $6,542,000 were made from the Plan and loan principal repayments of approximately $5,525,000 and $4,552,000 were received by the Plan for the fiscal years ended December 29, 2011 and 2010, respectively. Interest on the promissory notes of approximately $500,000 and $522,000 was earned by the Plan for the fiscal years ended December 29, 2011 and 2010, respectively.

11


WESCO Distribution, Inc.
Retirement Savings Plan
Notes to Financial Statements
December 29, 2011 and 2010


6.
Plan Termination
                                                                                                                                                                                
Although the Company has not expressed any intent to do so, it has the right under the Plan to discontinue its contributions at any time and to terminate the Plan subject to the provisions of ERISA. In the event the Plan terminates, participants will become 100% vested in their accounts, and all vested assets shall be distributed to the participants in accordance with the terms of the Plan, or in such other manner, not inconsistent with the requirements of any applicable law or regulation, as the Company may in its sole discretion determine.
7.
The Stable Value Fund

During 2007, the Plan began investing in a fully benefit-responsive synthetic guaranteed interest contract (“GIC”) with an insurance company as part of offering the Stable Value Fund (the “Fund”) investment option to participants. Contributions to this Fund are used to purchase units of a collective trust vehicle which is invested in high-quality U.S. bonds, including U.S. government treasuries, corporate debt securities, and other high-credit-quality asset-backed securities. The GIC issuer is contractually obligated to repay the principal and a specified interest rate that is guaranteed to the Plan. There are no reserves against contract value for credit risk of the contract issuer or otherwise.
The Fund has entered into a wrap contract with an insurance company under which the insurance company provides a guarantee with respect to the availability of funds to make distributions from this investment option. This insurance contract is carried at contract value in the participants' accounts.
Participant accounts in the Fund are credited with interest at a fixed rate that is reset quarterly based on an agreed-upon formula as defined in the contract. The primary variables which could impact the future interest rates that are credited to the participant's accounts (“credited rates”) include (i) the amount and timing of participant contributions, (ii) transfers and withdrawals into/out of the contract, (iii) the current yield of the assets underlying the contract, (iv) the duration of the assets underlying the contract, and (v) the existing difference between fair value of the securities and the contract value of the assets within the insurance contract. The credited rate of security-backed contracts will track current market yields on a trailing basis. The rate reset feature allows the contract value to converge with the fair value of the underlying portfolio over time, assuming the portfolio continues to earn the current yield for a period of time equal to the current portfolio duration.
To the extent that the underlying portfolio has unrealized and/or realized losses, a positive adjustment is made when reconciling from fair value to contract value under contract value accounting. As a result, the future credited rate may be lower over time than the current market rates. Similarly, if the underlying portfolio generates unrealized and/or realized gains, a negative adjustment is made when reconciling from fair value to contract value, and in the future, the credited rate may be higher than the current market rates. The insurance contract cannot credit an interest rate that is less than zero percent.
Certain events limit the ability of the Plan to transact at contract value with the insurance company. Such events are limited to premature termination of the contract by the Plan or plan termination. The plan sponsor has not expressed any intention to take either of these actions.
As described in Note 2, because the synthetic GIC is fully benefit-responsive, contract value is the relevant measurement attribute for that portion of the net assets available for benefits attributable to the synthetic GICs. Participants may ordinarily direct the withdrawal or transfer of all or a portion of their investment at contract value. The average yields earned by the Fund as of December 29, 2011 and 2010 are as follows:

Average yield for synthetic GICs
 
2011
 
2010
Based on actual earnings
 
1.93
%
 
2.76
%
Based on interest rate credited to participants
 
3.84
%
 
4.43
%



12


WESCO Distribution, Inc.
Retirement Savings Plan
Notes to Financial Statements
December 29, 2011 and 2010

8.
Related Party Transactions

Participants of the Plan may elect to invest in WESCO International, Inc. common stock within the WESCO Pooled Stock Fund. WESCO International, Inc. owns 100% of the Company. Therefore, these transactions qualify as party-in-interest transactions. Purchases and sales proceeds within the WESCO Pooled Stock Fund for 2011 were $4,554,000 and $4,190,000, respectively, and purchases and sales proceeds for 2010 were $2,605,000 and $2,210,000, respectively.
9.
TVC Communications, L.L.C. Employees’ 401(k) Plan Transfer

On December 16, 2010, the Company acquired TVC Communications, L.L.C and on April 5, 2011, the participant balances of the acquired company were transferred into the Plan. At that time, the TVC Communications, L.L.C. Plan’s net assets available for benefits of approximately $12,901,000 were transferred into the Plan.

10.
Subsequent Event

As a result of the acquisition of the business of RS Electronics on January 3, 2012, approximately 100 participants were added to the Plan. These participants transferred assets of approximately $5,053,000 to the Plan in 2012.



WESCO Distribution, Inc.
 
 
 
 
Retirement Savings Plan
 
 
 
 
Schedule of Assets (Held at End of Year)
 
 
 
 
EIN 25-1723345, Plan Number 001
 
 
 
 
December 29, 2011
 
 
 
Schedule H, line 4i
(a)
(b)
(c)
(d)
 
 
Description of Investment
 
 
Identity of Issue,
Including Maturity Date,
 
 
Borrower, Lessor or
Rate of Interest, Collateral,
Current
 
Similar Party
Par, or Maturity Value
Value
 
 
 
 
 
AMCAP Fund
AMCAP Fund (Class R-5)
$
34,794,349

 
American Funds
American Balanced Fund (Class A)
52,424,484

 
Baron Funds
Baron Small Cap Fund
3,963,931

 
Columbia Mutual Funds
Columbia Acorn Fund (Class A)
38,768,312

 
Columbia Mutual Funds
Columbia Mid Cap Value Fund (Class A)
19,028,710

 
Diamond Hill Family of Funds
Diamond Hill Small Cap Fund
2,278,256

 
Loomis Sayles
Loomis Sayles Invest Grade Bond (Class Y)
23,230,499

 
MFS Family of Funds
MFS Value Fund (Class A)
14,309,876

 
Franklin Templeton Funds
Templeton Global Bond Fund
1,794,093

 
Thornburg International
Thornburg International Value Fund
22,296,936

 
    Registered Investment Companies Total
 
212,889,446

 
 
 
 
 
Manning & Napier Promix Funds
Manning & Napier Promix Conservative Trust
4,805,624

 
Manning & Napier Promix Funds
Manning & Napier Promix Extended Trust
6,378,632

 
Manning & Napier Promix Funds
Manning &Napier Promix Maximum Trust
8,219,768

 
Manning & Napier Promix Funds
Manning & Napier Promix Moderate Trust
5,021,726

 
 Common Collective Trusts Total
 
24,425,750

 
 
 
 
*
WESCO International, Inc.
WESCO International Pooled Stock Fund
17,276,264

 
3M Company
Common Stock
17,735

 
Abbott Labs
Common Stock
13,519

 
Acura Pharmaceuticals Inc.
Common Stock
21,257

 
Advanced Energy Industries
Common Stock
2,519

 
Aeropostale
Common Stock
8,190

 
Aflac Inc.
Common Stock
2,164

 
AGL Resources
Common Stock
42,700

 
Agnico Eagle Mines LTD
Common Stock
8,227

 
Agrium Inc.
Common Stock
6,687

 
Alaska Communications Systems Group Inc.
Common Stock
1,485

 
Alcatel-Lucent Ads
Common Stock
4,709

 
Alcoa Inc.
Common Stock
9,014

 
Alliance Bernstein
Global High Income Fund
57,000

 
Alliance Financial Corp
Common Stock
5,636

 
Allos Therapeutics Inc.
Common Stock
695

 
Allot Communications LTD
Common Stock
6,152

 
Amazon.com Inc.
Common Stock
3,477

 
American Beacon Funds
Large Cap Value Fund
6,989

 
American Capital Agency Corp
Common Stock
227,399

 
American Century Funds
High Yield Fund
15,597

 
American Century Strategic Asset Allocations
Moderate Fund
22,006

 
Amgen Inc.
Common Stock
6,474

 
Amtech Systems Inc.
Common Stock
7,623

 
Ancestry.com Inc.
Common Stock
2076

 
Annaly Capital Management Inc.
Common Stock
55,074

 
AOL Inc.
Common Stock
950

 
Apartment Investment and Mortgage Company
Common Stock
8,015

 
Apple Inc.
Common Stock
99,255

 
Applied Materials Inc.
Common Stock
1,036

 
Arcelor Mittal
Common Stock
3,624

 
Archer Daniels Midland Company
Common Stock
2,978

 
Artisan Funds
International Investor Shrs
5,315

 
Astex Pharmaceuticals
Common Stock
880


14


WESCO Distribution, Inc.
 
 
 
 
Retirement Savings Plan
 
 
 
 
Schedule of Assets (Held at End of Year)
 
 
 
 
EIN 25-1723345, Plan Number 001
 
 
 
 
December 29, 2011
 
 
 
Schedule H, line 4i

(a)
(b)
(c)
(d)
 
 
Description of Investment
 
 
Identity of Issue,
Including Maturity Date,
 
 
Borrower, Lessor or
Rate of Interest, Collateral,
Current
 
Similar Party
Par, or Maturity Value
Value
 
AT&T Inc
Common Stock
6,034

 
Atlantic Power Corporation
Common Stock
3,535

 
Autoliv Inc.
Common Stock
2,649

 
Automatic Data Processing Inc.
Common Stock
5,652

 
B & G Foods Inc.
Common Stock
105,547

 
Baidu.com Inc.
Common Stock
3,442

 
Baker Hughes Inc.
Common Stock
9,152

 
Bank of America Corp
Common Stock
3,112

 
Baxter International Inc.
Common Stock
4,979

 
Berkshire Hathaway Inc.
Common Stock
19,225

 
Bhp Billiton Ltp-Spon Adr
Common Stock
7,030

 
Biotime Inc.
Common Stock
165

 
Boeing Co.
Common Stock
14,822

 
BP Plc
Common Stock
35,388

 
BP Prudhoe Bay Royalty Trust
Common Stock
4,552

 
Brookfield Infrastructure Partners LP
Common Stock
8,334

 
Buffalo Wild Wings Inc
Common Stock
2,730

 
Cardium Therapeutics Inc.
Common Stock
2,633

 
Cash
Cash and cash equivalents
1,026,658

 
Caterpillar Inc.
Common Stock
54,899

 
CBS Corp.
Common Stock
53,636

 
Celgene Corp.
Common Stock
20,265

 
Cell Therapeutics
Common Stock
560

 
Cemex SAB De CV
Common Stock
6,058

 
CenturyLink Inc
Common Stock
1,860

 
Cheniere Energy Inc
Common Stock
1,742

 
Chesapeake Energy Corp.
Common Stock
9,092

 
Chevron Corp.
Common Stock
18,270

 
Chipotle Mexican Grill Inc
Common Stock
11,927

 
Cinemark Holdings Inc.
Common Stock
1,859

 
Citigroup Inc.
Common Stock
70,513

 
Coach Inc
Common Stock
4,554

 
Coca Cola Company
Common Stock
14,032

 
Columbia
Value & Restructuring Fund - Class Z
4,482

 
Columbia
Global Bond Fund - Class R4
133,639

 
Comcast Corp.
Common Stock
4,732

 
Compass Minerals International
Common Stock
13,780

 
Consolidated Edison Inc
Common Stock
40,684

 
Core-Mark Holding Co Inc.
Common Stock
7,896

 
Corporate Executive Board
Common Stock
3,878

 
Costco Whsl Corp.
Common Stock
24,543

 
CrossTex Energy Inc
Common Stock
3,744

 
CSR PLC Cambridge
Common Stock
407

 
CTS Corp.
Common Stock
940

 
Cubist Pharmaceuticals Inc
Common Stock
7,954

 
Cummins Inc
Common Stock
17,796

 
Deere & Co
Common Stock
7,992

 
Delsite Inc
Common Stock
2

 
Devon Energy Corporation
Common Stock
9,344

 
Dex One Corp
Common Stock
195

 
DGT Holdings Corporation
Common Stock
77

 
Diageo PLC
Common Stock
21,788

 
Direxion
ETF Trust Daily Financial Bear 3X
2,372


15


WESCO Distribution, Inc.
 
 
 
 
Retirement Savings Plan
 
 
 
 
Schedule of Assets (Held at End of Year)
 
 
 
 
EIN 25-1723345, Plan Number 001
 
 
 
 
December 29, 2011
 
 
 
Schedule H, line 4i

(a)
(b)
(c)
(d)
 
 
Description of Investment
 
 
Identity of Issue,
Including Maturity Date,
 
 
Borrower, Lessor or
Rate of Interest, Collateral,
Current
 
Similar Party
Par, or Maturity Value
Value
 
Discovery Laboratories Inc.
Common Stock
334

 
Dodge & Cox Funds
Balanced Fund
121,934

 
Dodge & Cox Funds
Stock Fund
29,260

 
Dodge & Cox Funds
Income Fund
71,420

 
Dorchester Minerals LP
Common Stock
2,274

 
Dow Chemical
Common Stock
15,083

 
Du Pont De Nemours and Company
Common Stock
4,585

 
Dualstar Technologies Corp.
Common Stock
1

 
Duluth Metals LTD
Common Stock
7,707

 
Dynamic Materials Corp.
Common Stock
1,807

 
E Trade Financial Corp.
Common Stock
3,985

 
Eaton Corp.
Common Stock
65,865

 
Ebix Inc
Common Stock
2,266

 
EFTS
Swiss Gold Shares
38,298

 
EFTS
Physical Silver Shares
27,630

 
Enduro Royalty Trust
Common Stock
12,300

 
Enerplus Corporation
Common Stock
8,264

 
EOG Resources Inc
Common Stock
9,805

 
Exelon Corporation
Common Stock
47,207

 
Exide Technologies
Common Stock
13,300

 
Exxon Mobil Corp.
Common Stock
40,558

 
Federated Investors Inc
Common Stock
2,118

 
Fibertower Corp.
Common Stock
294

 
Fidelity Investments
Select Natural Resources Fund
34,901

 
First Eagle
Global Bond Fund Class I
38,779

 
First Horizon National Corp
Common Stock
2,623

 
First Niagara Financial Group
Common Stock
2,922

 
Focus Enhancements Inc
Common Stock
1

 
Ford Motor Company
Common Stock
69,046

 
Forest Labs Inc
Common Stock
9,084

 
Freeport McMoran Copper & Gold Inc.
Common Stock
14,616

 
Fuel Tech Inc
Common Stock
3,355

 
Gabelli
Asset Fund
51,687

 
Gabelli
Utilities Fund
40,881

 
General Electric
Common Stock
86,917

 
Genon Energy Inc.
Common Stock
4,050

 
Genuine Parts Co
Common Stock
3,098

 
Glaxosmithkline PLC
Common Stock
2,741

 
Globe Specialty Metals Inc.
Common Stock
10,544

 
Goldcorp Inc.
Common Stock
4,353

 
Google Inc
Common Stock
5,139

 
Green Mountain Coffee Inc
Common Stock
7,639

 
H J Heinz Company
Common Stock
5,431

 
Halliburton Co
Common Stock
10,137

 
Hansen National Corp
Common Stock
46,875

 
Harbor Funds
Bond Fund - Institutional Class
12,916

 
Hasbro Inc
Common Stock
2,563

 
Hatteras Financial Corp
Common Stock
13,165

 
Hawaiian Electric Ind. Inc.
Common Stock
46,053

 
Headwaters Inc.
Common Stock
860

 
Heartland Funds
Select Value Fund
17,713

 
Hewlett Packard
Common Stock
5,124

 
Honeywell International Inc
Common Stock
5,479


16


WESCO Distribution, Inc.
 
 
 
 
Retirement Savings Plan
 
 
 
 
Schedule of Assets (Held at End of Year)
 
 
 
 
EIN 25-1723345, Plan Number 001
 
 
 
 
December 29, 2011
 
 
 
Schedule H, line 4i

(a)
(b)
(c)
(d)
 
 
Description of Investment
 
 
Identity of Issue,
Including Maturity Date,
 
 
Borrower, Lessor or
Rate of Interest, Collateral,
Current
 
Similar Party
Par, or Maturity Value
Value
 
I Shares
U.S Preferred Stock Index Fund
5,322

 
I Shares
Silver Trust
50,076

 
I Shares
MSCI Australia Index Fund
21,450

 
I Shares
DJ Select Dividend Index Fund
5,416

 
Icon Funds
Icon Healthcare Fund
49,897

 
Icon PLC
Common Stock
6,784

 
IGO Inc.
Common Stock
9,840

 
Impala Platinum Holdings LTD
Common Stock
2,011

 
Integral Technologies Inc
Common Stock
1,425

 
Intel Corp.
Common Stock
25,287

 
International Business Machines Corp.
Common Stock
6,702

 
International Paper Co
Common Stock
1,186

 
International Speedway Corp.
Common Stock
7,160

 
Interplay Entertainment
Common Stock
61

 
Intuitive Surgical Inc
Common Stock
233,015

 
Invesco Van Kampen
Advantage Municipal Income Trust II
74,700

 
Invio Biomedical Corp.
Common Stock
651

 
Ipath
Dow Jones UBS Commodity Index Fund
4,206

 
Ivanhoe Energy Inc.
Common Stock
118

 
Janus Funds
Global Select Fund Class T
10,145

 
Janus Funds
Contrarian Fund T Shares
12,025

 
Janus Funds
Enterprise Fund
9,937

 
Janus Funds
Triton Fund Class I
26,999

 
Janus Funds
Overseas Fund
29,654

 
Johnson & Johnson
Common Stock
12,056

 
Joy Global Inc
Common Stock
15,100

 
JP Morgan
Alerian MLP Index Fund
5,442

 
Keryx Biopharmaceuticals
Common Stock
476

 
Kinder Morgan Energy Partners LP
Common Stock
21,060

 
Kinder Morgan Inc
Common Stock
14,675

 
Koko Petroleum Inc.
Common Stock
60

 
Kraft Foods Inc
Common Stock
3,881

 
Lehman Brothers Holdings Inc
Preferred Stock
2

 
LifeTechnologies Corp
Common Stock
3,925

 
Limelight Networks Inc
Common Stock
8,880

 
Lockheed Martin Corp
Common Stock
6,522

 
Loomis Sayles
Global Bond Fund
141,343

 
Lowes Companies
Common Stock
12,840

 
Lululemon Athletica Inc
Common Stock
1,882

 
Managers
Real Estate Securities Fund
9,819

 
Managers Intermediate Duration Govt
Fixed Fund
54,190

 
Manhattan Pharmaceuticals
Common Stock
2

 
Mannkind Corp
Common Stock
585

 
Marathon Oil Corp
Common Stock
29

 
Marina Biotech Inc.
Common Stock
54

 
Marisco
21st Century Mutual Fund
6,937

 
Market Vectors
Gold Miners ETF Fund
7,680

 
Marsico
Large Growth Fund
27,381

 
Marvell Technology Group
Common Stock
2,750

 
Masco Corp
Common Stock
32,100

 
Mastercard Inc
Common Stock
5,674

 
Matrix Advisors
Value Fund
21,385

 
Maxwell Technologies Inc
Common Stock
654


17


WESCO Distribution, Inc.
 
 
 
 
Retirement Savings Plan
 
 
 
 
Schedule of Assets (Held at End of Year)
 
 
 
 
EIN 25-1723345, Plan Number 001
 
 
 
 
December 29, 2011
 
 
 
Schedule H, line 4i
(a)
(b)
(c)
(d)
 
 
Description of Investment
 
 
Identity of Issue,
Including Maturity Date,
 
 
Borrower, Lessor or
Rate of Interest, Collateral,
Current
 
Similar Party
Par, or Maturity Value
Value
 
McDonalds Corp.
Common Stock
16,130

 
Mercadolibre Inc
Common Stock
80,250

 
Merck & Co. Inc
Common Stock
4,528

 
Microsoft Corp.
Common Stock
9,259

 
Molson Coors Brewing Co
Common Stock
8,746

 
Monsanto Company
Common Stock
14,427

 
Mosaic Co.
Common Stock
4,978

 
Myrexis Inc
Common Stock
804

 
Nacel Energy Corp.
Common Stock
45

 
Nanosphere Inc
Common Stock
11,201

 
National Grid PLC
Common Stock
4,375

 
National Oilwell Inc
Common Stock
13,574

 
Neomedia Technologies
Common Stock
1

 
Nestle SA Sponsored ADR
Common Stock
20,051

 
Netflix.com Inc
Common Stock
2,079

 
Neuberger Berman
Genesis Trust Fund
11,823

 
Neuberger Berman
Real Estate Fund
9,428

 
Newcastle Investment Corp.
Common Stock
872

 
Nike Inc
Common Stock
3,508

 
Nokia Corp.
Common Stock
1,550

 
Norfolk Southern Corp.
Common Stock
7,285

 
Novartis AG
Common Stock
3,410

 
Nucor Corp.
Common Stock
3,325

 
Oakmark Funds
Oakmark Equity and Income Fund (I)
24,866

 
Oakmark Funds
Global Fund
22,656

 
Oakmark Funds
Mutual Fund
15,072

 
Oakmark Funds
International Fund (Class I)
10,873

 
Oilsands Quest Inc
Common Stock
465

 
Palomar Medical Technologies Inc
Common Stock
18,620

 
Panera Bread Company
Common Stock
5,381

 
Paychex Inc.
Common Stock
7,545

 
Pepsico Inc
Common Stock
17,700

 
Permanent Portfolio
Mutual Fund
75,341

 
Perrigo Company
Common Stock
49,520

 
Petroleo Brasileiro ADR
Common Stock
246

 
Petroquest Energy Inc.
Common Stock
3,315

 
Pfizer Inc.
Common Stock
10,405

 
Philip Morris International Inc.
Common Stock
11,865

 
PNM Resources Inc.
Common Stock
82,755

 
Polymet Mining Corp.
Common Stock
8,242

 
Potash Corp of Saskatchewan
Common Stock
26,981

 
Powershares
Agricultural Fund
6,329

 
Powershares
Oil Fund
27,992

 
Priceline Com Inc
Common Stock
2,856

 
Procter & Gamble Co
Common Stock
14,657

 
Proshares TR
Ultrashort Lehman 20 Year Fund
55,564

 
Qualcomm Inc.
Common Stock
2,743

 
Questar Market Resources Inc
Common Stock
11,692

 
RF Micro-Devices
Common Stock
16,410

 
Rio Tinto PLC ADR
Common Stock
24,105

 
Royce
Total Return Fund
24,390

 
RS Partners
Mutual Fund
4,506

 
Samson Oil & Gas LTD
Common Stock
7,008


18


WESCO Distribution, Inc.
 
 
 
 
Retirement Savings Plan
 
 
 
 
Schedule of Assets (Held at End of Year)
 
 
 
 
EIN 25-1723345, Plan Number 001
 
 
 
 
December 29, 2011
 
 
 
Schedule H, line 4i

(a)
(b)
(c)
(d)
 
 
Description of Investment
 
 
Identity of Issue,
Including Maturity Date,
 
 
Borrower, Lessor or
Rate of Interest, Collateral,
Current
 
Similar Party
Par, or Maturity Value
Value
 
Sanofi
Common Stock
1,287

 
Seadrill Limited
Common Stock
21,625

 
Sound Shore Fund
Mutual Fund
6,039

 
Southern Co
Common Stock
4,659

 
Southern Copper Corp.
Common Stock
14,970

 
SPDR
Dow Jones Industrial Average ETF Trust Fund
60,035

 
SPDR
S&P Dividend Fund
11,391

 
Sprint Nextel Corp.
Common Stock
3,465

 
St Joe Company
Common Stock
11,040

 
Starbucks Corp.
Common Stock
4,645

 
Statiol ASA Group
Common Stock
42,161

 
Storage Computer Corp
Common Stock
1

 
Stryker Corp.
Common Stock
5,653

 
STW Resources Holding Corp.
Common Stock
500

 
Sysco Corp.
Common Stock
12,926

 
T. Rowe Price Funds
Balanced Fund
107,763

 
T. Rowe Price Funds
Capital Appreciation Fund
137,139

 
T. Rowe Price Funds
New Era Fund
110,964

 
T. Rowe Price Funds
Growth Stock Fund
47,579

 
T. Rowe Price Funds
Spectrum International Fund
15,926

 
T. Rowe Price Funds
Dividend Growth Fund
5,419

 
T. Rowe Price Funds
Emerging Markets Bond Fund
117,123

 
Terra Nitrogen
Common Stock
16,370

 
Third Avenue
Real Estate Value Fund
4,940

 
Third Avenue
International Value Fund
10,674

 
Third Avenue
Value Fund
14,622

 
Thompson Plumb
Bond Fund
35,032

 
Time Warner Cable Inc.
Common Stock
53,033

 
Time Warner Inc.
Common Stock
25,430

 
Toqueville
Gold Fund
2,941

 
Total SA
Common Stock
12,702

 
Transocean Inc.
Common Stock
6,132

 
UIL Holdings Corp
Common Stock
35,660

 
Unigene Labs Inc.
Common Stock
3,200

 
Valeant Pharmaceuticals Intl.
Common Stock
8,236

 
Vanguard Funds
Wellesley Income Fund
29,517

 
Vanguard Funds
Emerging Markets Exchange Traded Fund
5,137

 
Vanguard Funds
Dividend Appreciation Fund
79,663

 
Vanguard Funds
Dividend Growth Fund
6,451

 
Vanguard Funds
REIT Index Fund
6,681

 
Vanguard Funds
Small Cap Index Fund
6,688

 
Vanguard Funds
Small Cap Value Index Fund
6,712

 
Vanguard Funds
Windsor II Fund
51,753

 
Vanguard Funds
Value Index Fund
13,474

 
Vanguard Funds
500 Index Investor Fund
13,369

 
Vanguard Funds
Total Bond Market Index Fund
7,327

 
Vanguard Funds
Global Ex US Real Estate Fund
8,150

 
Vanguard Funds
Total International Stock Index Fund
19,865

 
Vanguard Funds
International Value Fund
19,208

 
Vecima Networks Inc
Common Stock
3

 
Velatel Global Communications
Common Stock
194

 
Veolia Environment ADR
Common Stock
1,651

 
Verizon Communications
Common Stock
2,001


19


WESCO Distribution, Inc.
 
 
 
 
Retirement Savings Plan
 
 
 
 
Schedule of Assets (Held at End of Year)
 
 
 
 
EIN 25-1723345, Plan Number 001
 
 
 
 
December 29, 2011
 
 
 
Schedule H, line 4i

(a)
(b)
(c)
(d)
 
 
Description of Investment
 
 
Identity of Issue,
Including Maturity Date,
 
 
Borrower, Lessor or
Rate of Interest, Collateral,
Current
 
Similar Party
Par, or Maturity Value
Value
 
Viacom Inc.
Common Stock
80,292

 
Vioquest Pharmaceuticals Intl.
Common Stock
1

 
Vodafone Group PLC
Common Stock
16,921

 
Vulcan Materials Co
Common Stock
8,144

 
Walgreen Co
Common Stock
6,686

 
Walmart Stores Inc
Common Stock
12,118

 
Waste Management Inc
Common Stock
3,278

 
Wells Fargo & Co
Common Stock
4,442

 
Western Digital Corp.
Common Stock
2,332

 
White Mountains Insurance Group
Common Stock
4,950

 
Windstream Corp
Common Stock
35,550

 
Wynn Resorts LTD
Common Stock
5,517

 
Xcel Energy Inc
Common Stock
30,315

 
Yingli Green Energy Holding Company
Common Stock
1,152

 
Ziopharm Oncology Inc
Common Stock
14,355

 
    Stock Funds and Self-Directed
 
 
 
      Accounts Total
 
24,187,238

 
 
 
 
 
Institutional Enhanced Index Fixed
 
 
 
  Income Fund
Common Collective Trust
131,188,232

 
Wrapper Contract
Wrapper Contract

 
    Stable Value Fund Total
 
131,188,232

 
 
 
 
 
CASH
Cash and Cash Equivalents
43

 
DIVIDEND INCOME ACCRUAL
Cash and Cash Equivalents
55,256

 
WELLS FARGO ADVANTAGE HERITAGE MONEY MARKET FUND
Cash and Cash Equivalents
125,504

 
3M CO
Common Stock
89,007

 
ABBOTT LABORATORIES
Common Stock
106,126

 
ABERCROMBIE & FITCH CO-CL A
Common Stock
12,721

 
ABM INDUSTRIES INC
Common Stock
8,345

 
ACCENTURE PLC-CL A
Common Stock
54,271

 
ACE LTD
Common Stock
66,477

 
ACTIVISION BLIZZARD INC
Common Stock
12,977

 
ADOBE SYSTEMS INC
Common Stock
3,539

 
ADVANCE AUTO PARTS INC
Common Stock
10,271

 
ADVANCED MICRO DEVICES INC
Common Stock
7,503

 
AECOM TECHNOLOGY CORP
Common Stock
10,358

 
AEROPOSTALE
Common Stock
4,228

 
AES CORP
Common Stock
24,996

 
AETNA INC
Common Stock
57,862

 
AFLAC INC
Common Stock
39,852

 
AGCO CORP
Common Stock
12,877

 
AGILENT TECHNOLOGIES INC
Common Stock
11,079

 
AGL RESOURCES INC
Common Stock
16,525

 
AIR PRODUCTS & CHEMICALS INC
Common Stock
24,732

 
AK STEEL HOLDING CORP
Common Stock
1,426

 
ALASKA AIR GROUP INC
Common Stock
12,681

 
ALCOA INC
Common Stock
26,365

 
ALLEGHANY CORP
Common Stock
5,441

 
ALLEGHENY TECHNOLOGIES INC
Common Stock
7,095

 
ALLERGAN INC
Common Stock
20,005

 
ALLIANCE DATA SYSTEMS CORP
Common Stock
12,520

 
ALLIANT ENERGY CORP
Common Stock
10,947


20


WESCO Distribution, Inc.
 
 
 
 
Retirement Savings Plan
 
 
 
 
Schedule of Assets (Held at End of Year)
 
 
 
 
EIN 25-1723345, Plan Number 001
 
 
 
 
December 29, 2011
 
 
 
Schedule H, line 4i

(a)
(b)
(c)
(d)
 
 
Description of Investment
 
 
Identity of Issue,
Including Maturity Date,
 
 
Borrower, Lessor or
Rate of Interest, Collateral,
Current
 
Similar Party
Par, or Maturity Value
Value
 
ALLIANT TECHSYSTEMS INC
Common Stock
6,973

 
ALLIED WORLD ASSURANCE CO
Common Stock
19,103

 
ALLSTATE CORP
Common Stock
75,487

 
ALTERRA CAPITAL HOLDINGS LTD
Common Stock
6,595

 
ALTRIA GROUP INC
Common Stock
248,449

 
AMAZON.COM INC
Common Stock
38,771

 
AMDOCS LTD
Common Stock
12,832

 
AMERCO
Common Stock
9,971

 
AMEREN CORPORATION
Common Stock
45,279

 
AMERICAN EAGLE OUTFITTERS
Common Stock
15,540

 
AMERICAN ELECTRIC POWER
Common Stock
53,046

 
AMERICAN EQUITY INVT LIFE HL
Common Stock
4,062

 
AMERICAN EXPRESS CO
Common Stock
129,397

 
AMERICAN FINANCIAL GROUP INC
Common Stock
20,384

 
AMERICAN GREETINGS CORP-CL A
Common Stock
5,372

 
AMERICAN INTERNATIONAL GROUP
Common Stock
5,020

 
AMERICAN TOWER SYSTEMS CORP CLASS A
Common Stock
7,816

 
AMERICAN WATER WORKS CO INC
Common Stock
7,144

 
AMERIGROUP CORP
Common Stock
11,914

 
AMERIPRISE FINANCIAL INC
Common Stock
19,003

 
AMERISOURCEBERGEN CORP
Common Stock
69,807

 
AMGEN INC
Common Stock
31,334

 
AMKOR TECHNOLOGY INC
Common Stock
2,250

 
ANADARKO PETROLEUM CORP
Common Stock
28,190

 
ANALOG DEVICES INC
Common Stock
14,447

 
ANDERSONS INC/THE
Common Stock
4,261

 
ANIXTER INTERNATIONAL INC
Common Stock
7,725

 
ANN INC
Common Stock
5,775

 
ANSYS INC
Common Stock
10,017

 
AOL INC
Common Stock
8,284

 
AON CORP
Common Stock
23,435

 
APACHE CORP
Common Stock
36,262

 
APARTMENT INVT & MGMT CO -A
Common Stock
3,916

 
APOLLO GROUP INC-CL A
Common Stock
13,412

 
APPLE INC
Common Stock
64,819

 
APPLIED MATERIALS INC
Common Stock
19,555

 
AQUA AMERICA INC
Common Stock
10,591

 
ARCH CAPITAL GROUP LTD
Common Stock
22,392

 
ARCHER-DANIELS-MIDLAND CO
Common Stock
17,301

 
ARGO GROUP INTERNATIONAL
Common Stock
6,902

 
ARMSTRONG WORLD INDUSTRIES
Common Stock
9,096

 
ARROW ELECTRONICS INC
Common Stock
24,888

 
ASHLAND INC
Common Stock
4,204

 
ASPEN INSURANCE HOLDINGS LTD
Common Stock
15,143

 
ASSOCIATED BANC-CORP
Common Stock
7,219

 
ASSURANT INC
Common Stock
21,507

 
ASTORIA FINANCIAL CORP
Common Stock
2,805

 
AT&T INC
Common Stock
478,617

 
ATLAS AIR WORLDWIDE HOLDINGS
Common Stock
4,393

 
ATMOS ENERGY CORP
Common Stock
11,007

 
AUTODESK INC
Common Stock
5,534

 
AUTOMATIC DATA PROCESSING
Common Stock
51,198

 
AUTOZONE INC
Common Stock
19,249


21


WESCO Distribution, Inc.
 
 
 
 
Retirement Savings Plan
 
 
 
 
Schedule of Assets (Held at End of Year)
 
 
 
 
EIN 25-1723345, Plan Number 001
 
 
 
 
December 29, 2011
 
 
 
Schedule H, line 4i

(a)
(b)
(c)
(d)
 
 
Description of Investment
 
 
Identity of Issue,
Including Maturity Date,
 
 
Borrower, Lessor or
Rate of Interest, Collateral,
Current
 
Similar Party
Par, or Maturity Value
Value
 
AVERY DENNISON CORP
Common Stock
12,687

 
AVIS BUDGET GROUP INC
Common Stock
15,859

 
AVISTA CORP
Common Stock
9,865

 
AVNET INC
Common Stock
23,679

 
AVON PRODUCTS INC
Common Stock
16,638

 
AXIS CAPITAL HOLDINGS LTD
Common Stock
9,236

 
BAKER HUGHES INC
Common Stock
18,497

 
BALL CORP
Common Stock
7,232

 
BANK OF AMERICA CORP
Common Stock
125,564

 
BANK OF HAWAII CORP
Common Stock
7,515

 
BANK OF NEW YORK MELLON CORP
Common Stock
33,918

 
BARD C R INC
Common Stock
6,433

 
BARNES & NOBLE INC
Common Stock
9,803

 
BAXTER INTERNATIONAL INC
Common Stock
52,528

 
BB&T CORP
Common Stock
37,102

 
BEAM INC
Common Stock
15,405

 
BECTON DICKINSON AND CO
Common Stock
24,154

 
BED BATH & BEYOND INC
Common Stock
19,403

 
BELDEN INC
Common Stock
5,852

 
BEMIS COMPANY
Common Stock
10,781

 
BENCHMARK ELECTRONICS INC
Common Stock
7,940

 
BERKLEY WR CORP
Common Stock
16,160

 
BERKSHIRE HATHAWAY INC
Common Stock
207,784

 
BEST BUY CO INC
Common Stock
37,184

 
BIG LOTS INC
Common Stock
12,065

 
BIOGEN IDEC INC
Common Stock
28,324

 
BLACK HILLS CORP
Common Stock
2,561

 
BLACKROCK INC
Common Stock
4,664

 
BLOCK H&R INC
Common Stock
19,801

 
BMC SOFTWARE INC
Common Stock
4,859

 
BOEING CO/THE
Common Stock
136,807

 
BORG WARNER INC
Common Stock
6,195

 
BOSTON PROPERTIES INC
Common Stock
8,703

 
BOSTON SCIENTIFIC CORP
Common Stock
24,822

 
BRIGGS & STRATTON
Common Stock
8,268

 
BRIGHTPOINT INC
Common Stock
6,188

 
BRINKER INTERNATIONAL INC
Common Stock
7,495

 
BRINK'S CO/THE
Common Stock
9,499

 
BRISTOL-MYERS SQUIBB CO
Common Stock
183,475

 
BROADCOM CORP-CL A
Common Stock
11,040

 
BROADRIDGE FINANCIAL SOLUTIO
Common Stock
4,162

 
BROWN SHOE COMPANY INC
Common Stock
5,107

 
BRUNSWICK CORP
Common Stock
8,635

 
BUCKLE INC/THE
Common Stock
4,544

 
BUNGE LTD
Common Stock
12,762

 
C.H. ROBINSON WORLDWIDE INC
Common Stock
9,250

 
CA INC
Common Stock
12,640

 
CABELA'S INC
Common Stock
4,533

 
CABLEVISION SYSTEMS
Common Stock
4,905

 
CABOT CORP
Common Stock
6,577

 
CABOT OIL & GAS CORP
Common Stock
9,234

 
CACI INTERNATIONAL INC -CL A
Common Stock
8,308

 
CALPINE CORP
Common Stock
11,793


22


WESCO Distribution, Inc.
 
 
 
 
Retirement Savings Plan
 
 
 
 
Schedule of Assets (Held at End of Year)
 
 
 
 
EIN 25-1723345, Plan Number 001
 
 
 
 
December 29, 2011
 
 
 
Schedule H, line 4i

(a)
(b)
(c)
(d)
 
 
Description of Investment
 
 
Identity of Issue,
Including Maturity Date,
 
 
Borrower, Lessor or
Rate of Interest, Collateral,
Current
 
Similar Party
Par, or Maturity Value
Value
 
CAMERON INTERNATIONAL CORP
Common Stock
16,200

 
CAMPBELL SOUP CO
Common Stock
14,535

 
CAPITAL ONE FINANCIAL CORP
Common Stock
59,440

 
CAPITALSOURCE INC
Common Stock
7,268

 
CARDINAL HEALTH INC
Common Stock
90,546

 
CAREER EDUCATION CORP
Common Stock
2,612

 
CAREFUSION CORP
Common Stock
17,524

 
CARLISLE COS INC
Common Stock
7,811

 
CARMAX INC
Common Stock
4,623

 
CARNIVAL CORP
Common Stock
9,927

 
CARPENTER TECHNOLOGY
Common Stock
5,322

 
CARTER HOLDINGS
Common Stock
10,457

 
CASEY'S GENERAL STORES INC
Common Stock
10,724

 
CATALYST HEALTH SOLUTIONS INC
Common Stock
4,757

 
CATERPILLAR INC
Common Stock
70,743

 
CB RICHARD ELLIS GROUP INC-A
Common Stock
5,488

 
CBS CORP-CLASS B NON VOTING
Common Stock
65,185

 
CELANESE CORP-SERIES A
Common Stock
9,548

 
CELGENE CORP
Common Stock
6,755

 
CENTENE CORP
Common Stock
13,454

 
CENTERPOINT ENERGY INC
Common Stock
25,368

 
CENTURYLINK INC
Common Stock
44,405

 
CERNER CORP COM
Common Stock
3,213

 
CF INDUSTRY HOLDINGS INC
Common Stock
8,063

 
CH ENERGY GROUP INC
Common Stock
5,818

 
CHECKPOINT SYSTEMS INC
Common Stock
3,893

 
CHEESECAKE FACTORY INC/THE
Common Stock
6,903

 
CHESAPEAKE ENERGY CORP
Common Stock
23,571

 
CHEVRON CORP
Common Stock
563,680

 
CHILDREN'S PLACE
Common Stock
12,888

 
CHIQUITA BRANDS INTL
Common Stock
2,377

 
CHUBB CORP
Common Stock
77,074

 
CIGNA CORP
Common Stock
28,715

 
CIMAREX ENERGY CO
Common Stock
2,180

 
CINCINNATI BELL, INC
Common Stock
8,737

 
CINCINNATI FINANCIAL CORP
Common Stock
25,928

 
CINTAS CORP
Common Stock
14,542

 
CISCO SYSTEMS INC
Common Stock
103,258

 
CITIGROUP INC
Common Stock
147,207

 
CITRIX SYSTEMS INC
Common Stock
8,772

 
CLIFFS NAT RES INC
Common Stock
3,993

 
CLOROX COMPANY
Common Stock
23,968

 
CLOUD PEAK ENERGY INC
Common Stock
4,297

 
CME GROUP INC
Common Stock
49,064

 
CMS ENERGY CORP
Common Stock
11,488

 
CNA FINANCIAL CORP
Common Stock
4,206

 
CNO FINANCIAL GROUP INC
Common Stock
15,435

 
COACH INC
Common Stock
5,662

 
COCA-COLA CO/THE
Common Stock
155,755

 
COCA-COLA ENTERPRISES
Common Stock
19,396

 
COGNIZANT TECH SOLUTIONS CRP
Common Stock
6,175

 
COLGATE-PALMOLIVE CO
Common Stock
80,449

 
COLLECTIVE BRANDS INC
Common Stock
4,263


23


WESCO Distribution, Inc.
 
 
 
 
Retirement Savings Plan
 
 
 
 
Schedule of Assets (Held at End of Year)
 
 
 
 
EIN 25-1723345, Plan Number 001
 
 
 
 
December 29, 2011
 
 
 
Schedule H, line 4i

(a)
(b)
(c)
(d)
 
 
Description of Investment
 
 
Identity of Issue,
Including Maturity Date,
 
 
Borrower, Lessor or
Rate of Interest, Collateral,
Current
 
Similar Party
Par, or Maturity Value
Value
 
COMCAST CORP-CLASS A
Common Stock
111,286

 
COMERICA INC
Common Stock
16,711

 
COMMERCIAL METALS CO
Common Stock
10,060

 
COMMUNITY HEALTH SYSTEMS INC
Common Stock
3,553

 
COMPUTER SCIENCES CORP
Common Stock
23,348

 
COMPUWARE CORP
Common Stock
3,384

 
CONAGRA FOODS INC
Common Stock
27,978

 
CONOCOPHILLIPS
Common Stock
335,129

 
CONSOL ENERGY INC
Common Stock
1,988

 
CONSOLIDATED EDISON INC
Common Stock
49,071

 
CONSTELLATION BRANDS INC-A
Common Stock
6,700

 
CONSTELLATION ENERGY GROUP
Common Stock
57,920

 
CONVERGYS CORP
Common Stock
7,014

 
CON-WAY INC
Common Stock
7,882

 
COOPER INDUSTRIES PLC
Common Stock
11,827

 
COOPER TIRE & RUBBER CO
Common Stock
3,878

 
CORE-MARK HOLDING CO INC
Common Stock
7,817

 
CORN PRODUCTS INTL INC
Common Stock
9,993

 
CORNING INC
Common Stock
11,367

 
COSTCO WHOLESALE CORP
Common Stock
112,763

 
COVANCE INC
Common Stock
5,882

 
COVANTA HOLDING CORP
Common Stock
10,284

 
COVENTRY HEALTH CARE INC
Common Stock
28,039

 
COVIDIEN PLC
Common Stock
23,471

 
CRACKER BARREL OLD COUNTRY
Common Stock
8,906

 
CRANE CO
Common Stock
5,821

 
CROWN HOLDINGS INC
Common Stock
15,420

 
CSX CORP
Common Stock
33,800

 
CULLEN/FROST BANKERS INC
Common Stock
5,988

 
CUMMINS INC
Common Stock
22,512

 
CVS CAREMARK CORP
Common Stock
112,984

 
CYTEC INDUSTRIES INC
Common Stock
8,769

 
DANA HOLDING CORP
Common Stock
5,106

 
DANAHER CORP
Common Stock
20,321

 
DARDEN RESTAURANTS INC COM
Common Stock
12,073

 
DAVITA INC
Common Stock
5,848

 
DEAN FOODS CO
Common Stock
26,456

 
DEERE & CO
Common Stock
28,631

 
DELL INC
Common Stock
82,656

 
DELPHI FINANCIAL GROUP-CL A
Common Stock
13,551

 
DELTA AIR LINES INC
Common Stock
15,290

 
DELUXE CORP
Common Stock
2,420

 
DENTSPLY INTL INC
Common Stock
9,566

 
DEVON ENERGY CORPORATION
Common Stock
36,502

 
DIAMOND OFFSHORE DRILLING INC
Common Stock
7,392

 
DICK'S SPORTING GOODS INC
Common Stock
3,941

 
DIEBOLD INC
Common Stock
8,826

 
DILLARDS INC-CL A
Common Stock
9,484

 
DIRECTV-CLASS A
Common Stock
56,506

 
DISCOVER FINANCIAL SERVICES
Common Stock
29,692

 
DISH NETWORK CORP-A
Common Stock
17,507

 
DOLE FOOD CO INC
Common Stock
6,135

 
DOLLAR THRIFTY AUTOMOTIVE GP
Common Stock
13,663


24


WESCO Distribution, Inc.
 
 
 
 
Retirement Savings Plan
 
 
 
 
Schedule of Assets (Held at End of Year)
 
 
 
 
EIN 25-1723345, Plan Number 001
 
 
 
 
December 29, 2011
 
 
 
Schedule H, line 4i

(a)
(b)
(c)
(d)
 
 
Description of Investment
 
 
Identity of Issue,
Including Maturity Date,
 
 
Borrower, Lessor or
Rate of Interest, Collateral,
Current
 
Similar Party
Par, or Maturity Value
Value
 
DOLLAR TREE INC
Common Stock
19,334

 
DOMINION RESOURCES INC/VA
Common Stock
57,973

 
DOMINO'S PIZZA INC
Common Stock
30,220

 
DONNELLEY RR & SONS CO
Common Stock
23,378

 
DOVER CORP
Common Stock
12,327

 
DOW CHEMICAL CO/THE
Common Stock
27,207

 
DR HORTON INC
Common Stock
17,097

 
DR PEPPER SNAPPLE GROUP INC
Common Stock
16,283

 
DRESSER-RAND GROUP INC
Common Stock
4,601

 
DST SYSTEMS INC
Common Stock
7,233

 
DTE ENERGY COMPANY
Common Stock
28,115

 
DU PONT (E.I.) DE NEMOURS
Common Stock
90,187

 
DUKE ENERGY CORP
Common Stock
73,019

 
E*TRADE FINANCIAL GROUP
Common Stock
3,754

 
EAST WEST BANCORP INC
Common Stock
3,774

 
EASTMAN CHEMICAL CO
Common Stock
11,959

 
EASTMAN KODAK CO
Common Stock
2,790

 
EATON CORP
Common Stock
21,867

 
EBAY INC
Common Stock
42,474

 
ECOLAB INC
Common Stock
20,459

 
EDISON INTERNATIONAL
Common Stock
57,090

 
EL PASO CORP
Common Stock
14,045

 
ELECTRONIC ARTS INC
Common Stock
12,787

 
ELI LILLY & CO
Common Stock
128,692

 
EMC CORP/MASS
Common Stock
49,312

 
EMCOR GROUP INC
Common Stock
17,290

 
EMERSON ELECTRIC CO
Common Stock
54,464

 
ENDO PHARMACEUTICAL HOLDINGS INC
Common Stock
7,178

 
ENDURANCE SPECIALTY HOLDINGS
Common Stock
13,223

 
ENERGIZER HLDGS INC COM
Common Stock
11,124

 
ENTERGY CORP
Common Stock
56,121

 
EOG RESOURCES INC
Common Stock
18,139

 
EQT CORPORATION
Common Stock
10,537

 
ESTEE LAUDER COMPANIES-CL A
Common Stock
5,919

 
EVEREST RE GROUP LTD
Common Stock
22,015

 
EXELON CORP
Common Stock
105,822

 
EXIDE TECHNOLOGIES
Common Stock
1,269

 
EXPEDIA INC
Common Stock
7,584

 
EXPEDITORS INTL WASH INC
Common Stock
6,131

 
EXPRESS SCRIPTS INC
Common Stock
14,632

 
EXXON MOBIL CORP
Common Stock
848,351

 
FAMILY DOLLAR STORES
Common Stock
14,968

 
FEDERATED INVESTORS INC
Common Stock
3,450

 
FEDEX CORP
Common Stock
54,211

 
FIDELITY NATIONAL FINL-A
Common Stock
40,331

 
FIFTH THIRD BANCORP
Common Stock
23,096

 
FIRST NIAGARA FINANCIAL GRP
Common Stock
4,909

 
FIRSTENERGY CORP
Common Stock
43,731

 
FISERV INC
Common Stock
7,147

 
FLIR SYS INC
Common Stock
3,953

 
FLOWSERVE CORP
Common Stock
5,489

 
FLUOR CORP
Common Stock
17,461

 
FMC CORP
Common Stock
4,832


25


WESCO Distribution, Inc.
 
 
 
 
Retirement Savings Plan
 
 
 
 
Schedule of Assets (Held at End of Year)
 
 
 
 
EIN 25-1723345, Plan Number 001
 
 
 
 
December 29, 2011
 
 
 
Schedule H, line 4i

(a)
(b)
(c)
(d)
 
 
Description of Investment
 
 
Identity of Issue,
Including Maturity Date,
 
 
Borrower, Lessor or
Rate of Interest, Collateral,
Current
 
Similar Party
Par, or Maturity Value
Value
 
FMC TECHNOLOGIES INC
Common Stock
8,031

 
FOOT LOCKER INC
Common Stock
21,240

 
FORD MOTOR CO
Common Stock
60,459

 
FOREST LABORATORIES INC
Common Stock
23,013

 
FOREST OIL CORP
Common Stock
2,718

 
FOSSIL INC
Common Stock
8,787

 
FOSTER WHEELER AG
Common Stock
6,748

 
FRANKLIN RESOURCES INC
Common Stock
19,122

 
FREEPORT-MCMORAN COPPER
Common Stock
40,632

 
FRONTIER COMMUNICATIONS CORP
Common Stock
5,937

 
FULTON FINANCIAL CORP
Common Stock
6,180

 
GALLAGHER ARTHUR J & CO
Common Stock
17,615

 
GAMESTOP CORP-CLASS A
Common Stock
22,938

 
GANNETT CO
Common Stock
19,412

 
GAP INC/THE
Common Stock
20,137

 
GARMIN LTD
Common Stock
5,857

 
GATX CORP
Common Stock
7,048

 
GENERAL CABLE CORP
Common Stock
9,075

 
GENERAL DYNAMICS CORP
Common Stock
66,786

 
GENERAL ELECTRIC CO
Common Stock
356,431

 
GENERAL MILLS INC
Common Stock
40,375

 
GENERAL MOTORS CO
Common Stock
12,530

 
GENESCO INC
Common Stock
6,121

 
GENON ENERGY INC
Common Stock
6,928

 
GENUINE PARTS CO
Common Stock
24,102

 
GENWORTH FINANCIAL INC-CL A
Common Stock
10,565

 
GILEAD SCIENCES INC
Common Stock
15,129

 
GOLDMAN SACHS GROUP INC
Common Stock
47,780

 
GOODRICH CORP
Common Stock
27,585

 
GOODYEAR TIRE & RUBBER CO
Common Stock
24,717

 
GOOGLE INC-CL A
Common Stock
45,610

 
GRAINGER W W INC
Common Stock
10,050

 
GRANITE CONSTRUCTION INC
Common Stock
9,068

 
HALLIBURTON CO
Common Stock
20,747

 
HANESBRANDS INC
Common Stock
5,943

 
HANOVER INSURANCE GROUP INC/
Common Stock
7,665

 
HARLEY-DAVIDSON INC
Common Stock
5,968

 
HARLEYSVILLE GROUP INC
Common Stock
8,383

 
HARMAN INTL INDS INC
Common Stock
5,802

 
HARRIS CORP
Common Stock
5,828

 
HARSCO CORP
Common Stock
4,567

 
HARTFORD FINANCIAL SVCS GRP
Common Stock
30,666

 
HAWAIIAN ELECTRIC INDS
Common Stock
10,994

 
HCC INSURANCE HOLDINGS INC
Common Stock
6,559

 
HEALTH MGMT ASSOCIATES INC-A
Common Stock
4,358

 
HEALTH NET INC
Common Stock
23,355

 
HEALTHSOUTH REHABILITATION CORPORATION
Common Stock
5,192

 
HEALTHSPRING INC
Common Stock
8,343

 
HEINZ H J CO
Common Stock
22,213

 
HELIX ENERGY SOLUTIONS GROUP
Common Stock
10,429

 
HELMERICH & PAYNE INC
Common Stock
8,739

 
HERBALIFE LTD
Common Stock
7,040

 
HERTZ GLOBAL HOLDINGS INC
Common Stock
12,729


26


WESCO Distribution, Inc.
 
 
 
 
Retirement Savings Plan
 
 
 
 
Schedule of Assets (Held at End of Year)
 
 
 
 
EIN 25-1723345, Plan Number 001
 
 
 
 
December 29, 2011
 
 
 
Schedule H, line 4i

(a)
(b)
(c)
(d)
 
 
Description of Investment
 
 
Identity of Issue,
Including Maturity Date,
 
 
Borrower, Lessor or
Rate of Interest, Collateral,
Current
 
Similar Party
Par, or Maturity Value
Value
 
HESS CORP
Common Stock
47,322

 
HEWLETT-PACKARD CO
Common Stock
125,154

 
HILL-ROM HOLDINGS INC
Common Stock
2,582

 
HNI CORP
Common Stock
11,188

 
HOLOGIC INC
Common Stock
8,338

 
HOME DEPOT INC
Common Stock
127,626

 
HONEYWELL INTERNATIONAL INC
Common Stock
99,608

 
HORACE MANN EDUCATORS
Common Stock
2,624

 
HORMEL FOODS CORP
Common Stock
9,300

 
HOSPIRA INC
Common Stock
4,134

 
HOST HOTELS & RESORTS INC
Common Stock
3,776

 
HSN INC
Common Stock
12,923

 
HUB GROUP INC-CL A
Common Stock
8,321

 
HUDSON CITY BANCORP INC
Common Stock
2,907

 
HUMANA INC
Common Stock
69,188

 
HUNT (JB) TRANSPRT SVCS INC
Common Stock
2,732

 
HUNTINGTON BANCSHARES INC
Common Stock
6,940

 
HUNTSMAN CORP
Common Stock
5,086

 
IDACORP INC
Common Stock
4,636

 
ILLINOIS TOOL WORKS
Common Stock
33,259

 
IMATION CORP
Common Stock
1,489

 
INGERSOLL-RAND PLC
Common Stock
21,142

 
INGRAM MICRO INC-CL A
Common Stock
44,804

 
INSIGHT ENTERPRISES INC
Common Stock
4,456

 
INTEGRYS ENERGY GROUP INC
Common Stock
14,900

 
INTEL CORP
Common Stock
85,581

 
INTERACTIVE BROKERS GRO-CL A
Common Stock
10,838

 
INTERCONTINENTALEXCHANGE INC
Common Stock
7,521

 
INTERNATIONAL PAPER CO
Common Stock
58,569

 
INTERPUBLIC GROUP OF COS INC
Common Stock
13,363

 
INTL BUSINESS MACHINES CORP
Common Stock
407,176

 
INTL FLAVORS & FRAGRANCES
Common Stock
7,324

 
INTL GAME TECHNOLOGY
Common Stock
10,319

 
INTUIT INC
Common Stock
7,916

 
INVESCO LTD
Common Stock
13,447

 
IRON MOUNTAIN INC
Common Stock
2,637

 
ITT CORP
Common Stock
4,242

 
J.C. PENNEY CO INC
Common Stock
36,149

 
JABIL CIRCUIT INC
Common Stock
16,764

 
JACK IN THE BOX INC
Common Stock
8,135

 
JACOBS ENGINEERING GROUP INC
Common Stock
22,187

 
JARDEN CORP
Common Stock
3,390

 
JETBLUE AIRWAYS CORP
Common Stock
4,776

 
JM SMUCKER CO
Common Stock
7,942

 
JOHNSON & JOHNSON
Common Stock
321,297

 
JOHNSON CONTROLS INC
Common Stock
42,525

 
JONES GROUP INC/THE
Common Stock
13,102

 
JONES LANG LASALLE INC
Common Stock
3,577

 
JOY GLOBAL INC
Common Stock
6,720

 
JPMORGAN CHASE & CO
Common Stock
212,785

 
JUNIPER NETWORKS INC
Common Stock
10,614

 
KANSAS CITY SOUTHERN
Common Stock
11,754

 
KBR INC
Common Stock
10,945


27


WESCO Distribution, Inc.
 
 
 
 
Retirement Savings Plan
 
 
 
 
Schedule of Assets (Held at End of Year)
 
 
 
 
EIN 25-1723345, Plan Number 001
 
 
 
 
December 29, 2011
 
 
 
Schedule H, line 4i

(a)
(b)
(c)
(d)
 
 
Description of Investment
 
 
Identity of Issue,
Including Maturity Date,
 
 
Borrower, Lessor or
Rate of Interest, Collateral,
Current
 
Similar Party
Par, or Maturity Value
Value
 
KELLOGG CO
Common Stock
28,176

 
KEMPER CORP
Common Stock
13,411

 
KENNAMETAL INC
Common Stock
6,513

 
KEYCORP
Common Stock
13,108

 
KIMBERLY-CLARK CORP
Common Stock
55,722

 
KINDRED HEALTHCARE INC
Common Stock
8,293

 
KLA-TENCOR CORPORATION
Common Stock
2,683

 
KOHLS CORP
Common Stock
29,057

 
KRAFT FOODS INC-CLASS A
Common Stock
106,258

 
KROGER CO
Common Stock
87,287

 
L-3 COMMUNICATIONS HOLDINGS
Common Stock
24,205

 
LACLEDE GROUP INC/THE
Common Stock
9,492

 
LANDSTAR SYSTEM INC
Common Stock
5,987

 
LEAR CORP
Common Stock
4,094

 
LEGG MASON INC
Common Stock
11,234

 
LEGGETT & PLATT INC
Common Stock
9,762

 
LENNAR CORP-A
Common Stock
6,514

 
LENNOX INTERNATIONAL INC
Common Stock
2,452

 
LEVEL 3 COMMUNICATIONS INC
Common Stock
2,551

 
LEXMARK INTERNATIONAL INC-A
Common Stock
10,462

 
LIBERTY GLOBAL INC-A
Common Stock
12,811

 
LIBERTY INTERACTIVE CORP-A
Common Stock
50,196

 
LIFE TECHNOLOGIES CORP
Common Stock
8,871

 
LIMITED BRANDS INC
Common Stock
27,859

 
LINCARE HOLDINGS INC
Common Stock
6,368

 
LINCOLN ELECTRIC HOLDINGS
Common Stock
11,726

 
LINCOLN NATIONAL CORP
Common Stock
31,872

 
LINEAR TECHNOLOGY CORP
Common Stock
3,863

 
LIZ CLAIBORNE INC
Common Stock
12,866

 
LOCKHEED MARTIN CORP
Common Stock
79,156

 
LOEWS CORP
Common Stock
44,025

 
LORILLARD INC
Common Stock
59,884

 
LOWE'S COS INC
Common Stock
68,797

 
LSI CORPORATION
Common Stock
6,739

 
M & T BANK CORP
Common Stock
16,619

 
MACY'S INC
Common Stock
76,384

 
MAGELLAN HEALTH SERVICES INC
Common Stock
11,613

 
MANITOWOC COMPANY INC
Common Stock
2,429

 
MANPOWERGROUP
Common Stock
11,092

 
MARATHON OIL CORP
Common Stock
64,431

 
MARKEL CORP
Common Stock
2,905

 
MARRIOTT INTERNATIONAL-CL A
Common Stock
15,923

 
MARSH & MCLENNAN COS
Common Stock
44,416

 
MARVELL TECHNOLOGY GROUP
Common Stock
6,256

 
MASCO CORP
Common Stock
20,587

 
MASTERCARD INC-CLASS A
Common Stock
21,561

 
MATTEL INC
Common Stock
27,930

 
MAXIM INTEGRATED PRODUCTS
Common Stock
8,577

 
MCCORMICK & CO INC NON VOTING
Common Stock
10,310

 
MCDERMOTT INTL INC
Common Stock
7,343

 
MCDONALD'S CORP
Common Stock
64,821

 
MCGRAW-HILL COMPANIES INC
Common Stock
38,729

 
MCKESSON CORP
Common Stock
98,711


28


WESCO Distribution, Inc.
 
 
 
 
Retirement Savings Plan
 
 
 
 
Schedule of Assets (Held at End of Year)
 
 
 
 
EIN 25-1723345, Plan Number 001
 
 
 
 
December 29, 2011
 
 
 
Schedule H, line 4i

(a)
(b)
(c)
(d)
 
 
Description of Investment
 
 
Identity of Issue,
Including Maturity Date,
 
 
Borrower, Lessor or
Rate of Interest, Collateral,
Current
 
Similar Party
Par, or Maturity Value
Value
 
MDU RESOURCES GROUP INC
Common Stock
15,681

 
MEAD JOHNSON NUTRITION CO
Common Stock
18,807

 
MEADWESTVACO CORP
Common Stock
20,991

 
MEDCO HEALTH SOLUTIONS INC
Common Stock
57,204

 
MEDTRONIC INC
Common Stock
19,975

 
MERCK & CO. INC.
Common Stock
163,635

 
MERCURY GENERAL CORP
Common Stock
14,279

 
MEREDITH CORP
Common Stock
10,177

 
MERITOR INC
Common Stock
2,226

 
METLIFE INC
Common Stock
37,107

 
METROPCS COMMUNICATIONS INC
Common Stock
4,763

 
METTLER-TOLEDO INTERNATIONAL
Common Stock
3,849

 
MGM RESORTS INTERNATIONAL
Common Stock
7,544

 
MICRO SYS INC
Common Stock
9,055

 
MICROCHIP TECHNOLOGY INC
Common Stock
12,341

 
MICRON TECHNOLOGY INC
Common Stock
3,543

 
MICROSOFT CORP
Common Stock
190,310

 
MINE SAFETY APPLIANCES CO
Common Stock
4,255

 
MINERALS TECHNOLOGIES INC
Common Stock
8,773

 
MOHAWK INDUSTRIES INC
Common Stock
8,979

 
MOLEX INC
Common Stock
4,769

 
MOLINA HEALTHCARE INC
Common Stock
7,418

 
MOLSON COORS BREWING CO -B
Common Stock
11,588

 
MONSANTO CO
Common Stock
45,440

 
MONTPELIER RE HOLDINGS LTD
Common Stock
6,340

 
MOODY'S CORP
Common Stock
10,574

 
MORGAN STANLEY
Common Stock
11,582

 
MOSAIC CO/THE
Common Stock
6,587

 
MOTOROLA MOBILITY HOLDINGS INC
Common Stock
11,446

 
MOTOROLA SOLUTIONS INC
Common Stock
30,463

 
MUELLER INDUSTRIES INC
Common Stock
5,594

 
MURPHY OIL CORP
Common Stock
16,487

 
MYLAN LABS INC
Common Stock
9,400

 
NABORS INDUSTRIES LTD
Common Stock
6,825

 
NASDAQ OMX GROUP/THE
Common Stock
11,798

 
NASH FINCH CO
Common Stock
6,111

 
NATIONAL FUEL GAS CO
Common Stock
6,683

 
NATIONAL OILWELL VARCO INC
Common Stock
37,939

 
NAVISTAR INTERNATIONAL CORP
Common Stock
10,123

 
NCR CORPORATION
Common Stock
13,901

 
NETAPP INC
Common Stock
6,935

 
NETFLIX.COM INC
Common Stock
2,911

 
NEW JERSEY RESOURCES CORP
Common Stock
11,052

 
NEW YORK COMMUNITY BANCORP
Common Stock
16,168

 
NEW YORK TIMES CO-A
Common Stock
6,925

 
NEWELL RUBBERMAID INC
Common Stock
11,231

 
NEWFIELD EXPL CO
Common Stock
3,871

 
NEWMONT MINING CORP
Common Stock
12,012

 
NEWS CORP-CL A
Common Stock
61,491

 
NEXTERA ENERGY INC
Common Stock
46,543

 
NIELSEN HOLDINGS B.V.
Common Stock
7,946

 
NII HOLDINGS INC
Common Stock
1,125

 
NIKE INC -CL B
Common Stock
18,615


29


WESCO Distribution, Inc.
 
 
 
 
Retirement Savings Plan
 
 
 
 
Schedule of Assets (Held at End of Year)
 
 
 
 
EIN 25-1723345, Plan Number 001
 
 
 
 
December 29, 2011
 
 
 
Schedule H, line 4i

(a)
(b)
(c)
(d)
 
 
Description of Investment
 
 
Identity of Issue,
Including Maturity Date,
 
 
Borrower, Lessor or
Rate of Interest, Collateral,
Current
 
Similar Party
Par, or Maturity Value
Value
 
NISOURCE INC
Common Stock
24,811

 
NOBLE COPORATION
Common Stock
5,038

 
NOBLE ENERGY INC
Common Stock
24,680

 
NORDSTROM INC
Common Stock
11,707

 
NORFOLK SOUTHERN CORP
Common Stock
47,935

 
NORTHEAST UTILITIES
Common Stock
5,255

 
NORTHERN TRUST CORP
Common Stock
12,222

 
NORTHROP GRUMMAN CORP
Common Stock
70,550

 
NORTHWESTERN CORP
Common Stock
13,783

 
NRG ENERGY INC
Common Stock
30,532

 
NSTAR
Common Stock
9,772

 
NUANCE COMMUNICATIONS INC
Common Stock
7,205

 
NUCOR CORP
Common Stock
12,392

 
NV ENERGY INC
Common Stock
10,279

 
NVIDIA CORP
Common Stock
2,906

 
NVR INC
Common Stock
8,220

 
NYSE EURONEXT
Common Stock
11,223

 
OCCIDENTAL PETROLEUM CORP
Common Stock
86,972

 
OFFICE DEPOT INC
Common Stock
5,859

 
OFFICEMAX INC
Common Stock
2,548

 
OGE ENERGY CORP
Common Stock
7,613

 
OIL STATES INTERNATIONAL INC
Common Stock
9,824

 
OLD REPUBLIC INTL CORP
Common Stock
10,363

 
OLIN CORP
Common Stock
12,501

 
OM GROUP INC
Common Stock
5,096

 
OMNICARE INC
Common Stock
14,651

 
OMNICOM GROUP
Common Stock
27,846

 
ONEOK INC
Common Stock
13,699

 
ORACLE CORP
Common Stock
57,689

 
ORBITAL SCIENCES CORP
Common Stock
7,819

 
O'REILLY AUTOMOTIVE INC
Common Stock
10,367

 
OSHKOSH CORP
Common Stock
6,274

 
OWENS & MINOR INC
Common Stock
8,886

 
OWENS CORNING
Common Stock
5,682

 
OWENS-ILLINOIS INC
Common Stock
14,368

 
PACCAR INC
Common Stock
22,139

 
PACKAGING CORP OF AMERICA
Common Stock
5,315

 
PALL CORP
Common Stock
10,567

 
PANTRY INC
Common Stock
4,649

 
PARK NATIONAL CORP
Common Stock
6,701

 
PARKER HANNIFIN CORP
Common Stock
15,972

 
PARTNERRE LTD
Common Stock
17,399

 
PAYCHEX INC
Common Stock
21,428

 
PDL BIOPHARMA INC
Common Stock
8,014

 
PEABODY ENERGY CORP
Common Stock
11,440

 
PENN NATIONAL GAMING INC
Common Stock
9,053

 
PENTAIR INC
Common Stock
3,724

 
PEOPLE'S UNITED FINANCIAL
Common Stock
4,312

 
PEP BOYS MANNY MOE & JACK
Common Stock
8,114

 
PEPCO HOLDINGS INC
Common Stock
19,657

 
PEPSICO INC
Common Stock
135,475

 
PETSMART INC
Common Stock
8,738

 
PFIZER INC
Common Stock
352,853


30


WESCO Distribution, Inc.
 
 
 
 
Retirement Savings Plan
 
 
 
 
Schedule of Assets (Held at End of Year)
 
 
 
 
EIN 25-1723345, Plan Number 001
 
 
 
 
December 29, 2011
 
 
 
Schedule H, line 4i

(a)
(b)
(c)
(d)
 
 
Description of Investment
 
 
Identity of Issue,
Including Maturity Date,
 
 
Borrower, Lessor or
Rate of Interest, Collateral,
Current
 
Similar Party
Par, or Maturity Value
Value
 
PG&E CORP
Common Stock
54,838

 
PHILIP MORRIS INTERNATIONAL
Common Stock
201,389

 
PIEDMONT NATURAL GAS CO
Common Stock
11,259

 
PINNACLE WEST CAPITAL
Common Stock
12,876

 
PIONEER NATURAL RESOURCES CO
Common Stock
7,651

 
PITNEY BOWES INC
Common Stock
22,550

 
PLAINS EXPLORATION & PRODUCTION
Common Stock
5,364

 
PLATINUM UNDERWRITERS HLDGS
Common Stock
9,234

 
PLEXUS CORP
Common Stock
6,084

 
PNC FINANCIAL SERVICES GROUP
Common Stock
52,237

 
PNM RES INC
Common Stock
9,140

 
POLARIS INDUSTRIES INC
Common Stock
5,714

 
POLYCOM INC
Common Stock
5,441

 
POLYONE CORPORATION
Common Stock
6,866

 
POOL CORP
Common Stock
3,668

 
POPULAR INC
Common Stock
4,069

 
PORTLAND GENERAL ELECTRIC CO
Common Stock
11,457

 
POTLATCH HOLDINGS INC
Common Stock
8,475

 
PPG INDUSTRIES INC
Common Stock
30,908

 
PPL CORPORATION
Common Stock
12,257

 
PRAXAIR INC
Common Stock
14,785

 
PRECISION CASTPARTS CORP
Common Stock
11,177

 
PRINCIPAL FINANCIAL GROUP
Common Stock
21,920

 
PROASSURANCE CORP
Common Stock
13,702

 
PROCTER & GAMBLE CO/THE
Common Stock
243,503

 
PROGRESS ENERGY INC
Common Stock
42,566

 
PROGRESS SOFTWARE CORP
Common Stock
10,112

 
PROGRESSIVE CORP
Common Stock
38,161

 
PROSPERITY BANCSHARES INC
Common Stock
7,328

 
PROVIDENT FINANCIAL SERVICES
Common Stock
11,353

 
PRUDENTIAL FINANCIAL INC
Common Stock
43,719

 
PSS WORLD MEDICAL INC
Common Stock
10,397

 
PUBLIC SERVICE ENTERPRISE GP
Common Stock
50,135

 
PUBLIC STORAGE INC
Common Stock
10,681

 
PVH CORP
Common Stock
7,623

 
QUALCOMM INC
Common Stock
53,918

 
QUANTA SERVICES INC
Common Stock
11,286

 
QUEST DIAGNOSTICS INC
Common Stock
5,879

 
QUESTAR CORP
Common Stock
11,572

 
RADIOSHACK CORP
Common Stock
4,844

 
RALPH LAUREN CORP
Common Stock
4,290

 
RANGE RESOURCES CORP
Common Stock
10,873

 
RAYMOND JAMES FINANCIAL INC
Common Stock
11,021

 
RAYTHEON COMPANY
Common Stock
60,258

 
RED HAT INC
Common Stock
4,991

 
REGAL ENTERTAINMENT GROUP-A
Common Stock
11,943

 
REGIONS FINANCIAL CORP
Common Stock
11,096

 
REGIS CORP
Common Stock
7,592

 
REINSURANCE GROUP OF AMERICA
Common Stock
10,730

 
RELIANCE STEEL & ALUMINUM
Common Stock
5,382

 
RENAISSANCERE HOLDINGS LTD
Common Stock
16,907

 
RENT-A-CENTER INC
Common Stock
10,055

 
REPUBLIC SERVICES INC
Common Stock
14,987


31


WESCO Distribution, Inc.
 
 
 
 
Retirement Savings Plan
 
 
 
 
Schedule of Assets (Held at End of Year)
 
 
 
 
EIN 25-1723345, Plan Number 001
 
 
 
 
December 29, 2011
 
 
 
Schedule H, line 4i

(a)
(b)
(c)
(d)
 
 
Description of Investment
 
 
Identity of Issue,
Including Maturity Date,
 
 
Borrower, Lessor or
Rate of Interest, Collateral,
Current
 
Similar Party
Par, or Maturity Value
Value
 
REYNOLDS AMERICAN INC
Common Stock
42,929

 
ROBERT HALF INTL INC
Common Stock
6,547

 
ROCK-TENN CO CLASS A
Common Stock
3,279

 
ROCKWELL AUTOMATION INC
Common Stock
17,919

 
ROCKWELL COLLINS INC
Common Stock
10,184

 
ROCKWOOD HOLDINGS INC
Common Stock
4,441

 
ROSS STORES INC
Common Stock
11,752

 
ROWAN COMPANIES INC
Common Stock
5,149

 
RPM INTERNATIONAL INC
Common Stock
7,114

 
RSC HOLDINGS INC
Common Stock
4,645

 
RUDDICK CORP
Common Stock
11,318

 
RYDER SYSTEM INC
Common Stock
15,560

 
SAFETY INSURANCE GROUP INC
Common Stock
4,107

 
SAFEWAY INC
Common Stock
53,797

 
SAIC INC
Common Stock
11,399

 
SALESFORCE.COM INC
Common Stock
4,088

 
SANDISK CORP
Common Stock
10,133

 
SANMINA-SCI CORP
Common Stock
7,569

 
SARA LEE CORP
Common Stock
25,536

 
SCANA CORP
Common Stock
7,708

 
SCANSOURCE INC
Common Stock
3,724

 
SCHEIN HENRY INC
Common Stock
4,600

 
SCHLUMBERGER LTD
Common Stock
18,133

 
SCHOLASTIC CORP
Common Stock
7,727

 
SCHWAB (CHARLES) CORP
Common Stock
18,498

 
SEACOR HOLDINGS INC
Common Stock
10,028

 
SEAGATE TECHNOLOGY
Common Stock
34,078

 
SEALED AIR CORP
Common Stock
11,430

 
SEARS HOLDINGS CORP
Common Stock
8,883

 
SEI INVESTMENTS COMPANY
Common Stock
3,777

 
SELECTIVE INSURANCE GROUP
Common Stock
8,870

 
SEMGROUP CORP
Common Stock
5,677

 
SEMPRA ENERGY
Common Stock
27,393

 
SERVICE CORP INTERNATIONAL
Common Stock
12,715

 
SHAW GROUP INC
Common Stock
4,950

 
SHERWIN-WILLIAMS CO/THE
Common Stock
15,777

 
SIGMA ALDRICH CORP
Common Stock
4,128

 
SIGNET JEWELERS LTD
Common Stock
12,418

 
SILGAN HOLDINGS INC
Common Stock
9,459

 
SIMON PROPERTY GROUP INC
Common Stock
7,400

 
SMITH (A.O.) CORP
Common Stock
2,821

 
SMITHFIELD FOODS INC
Common Stock
42,196

 
SNAP-ON INC
Common Stock
7,198

 
SONOCO PRODUCTS CO
Common Stock
7,823

 
SOUTHERN CO
Common Stock
79,436

 
SOUTHERN COPPER CORP
Common Stock
4,880

 
SOUTHERN UN CO
Common Stock
5,080

 
SOUTHWEST AIRLINES
Common Stock
20,717

 
SOUTHWEST GAS CORP
Common Stock
13,029

 
SOUTHWESTERN ENERGY CO
Common Stock
5,592

 
SPECTRA ENERGY CORP
Common Stock
20,268

 
SPIRIT AEROSYSTEMS HOLD-CL A
Common Stock
9,545

 
SPRINT NEXTEL CORP
Common Stock
16,519


32


WESCO Distribution, Inc.
 
 
 
 
Retirement Savings Plan
 
 
 
 
Schedule of Assets (Held at End of Year)
 
 
 
 
EIN 25-1723345, Plan Number 001
 
 
 
 
December 29, 2011
 
 
 
Schedule H, line 4i

(a)
(b)
(c)
(d)
 
 
Description of Investment
 
 
Identity of Issue,
Including Maturity Date,
 
 
Borrower, Lessor or
Rate of Interest, Collateral,
Current
 
Similar Party
Par, or Maturity Value
Value
 
SPX CORP
Common Stock
13,376

 
ST JUDE MED INC
Common Stock
6,482

 
STAGE STORES INC
Common Stock
5,784

 
STANCORP FINANCIAL GROUP
Common Stock
8,952

 
STANLEY BLACK & DECKER INC
Common Stock
6,628

 
STAPLES INC
Common Stock
21,536

 
STARBUCKS CORP
Common Stock
35,116

 
STARWOOD HOTELS & RESORTS
Common Stock
14,362

 
STATE STREET CORP
Common Stock
33,929

 
STONE ENERGY CORP
Common Stock
6,883

 
STRYKER CORP
Common Stock
15,968

 
SUNOCO INC
Common Stock
31,705

 
SUNTRUST BANKS INC
Common Stock
18,358

 
SUPERVALU INC
Common Stock
34,942

 
SVB FINANCIAL GROUP
Common Stock
4,894

 
SYMANTEC CORP
Common Stock
22,310

 
SYMETRA FINANCIAL CORP
Common Stock
4,838

 
SYNNEX CORP
Common Stock
4,169

 
SYNOPSYS INC
Common Stock
4,301

 
SYSCO CORP
Common Stock
42,849

 
T ROWE PRICE GROUP INC
Common Stock
7,744

 
TARGET CORP
Common Stock
75,918

 
TCF FINANCIAL CORP
Common Stock
6,328

 
TD AMERITRADE HOLDING CORP
Common Stock
6,813

 
TE CONNECTIVITY INC
Common Stock
36,597

 
TECH DATA CORP
Common Stock
36,431

 
TECO ENERGY INC
Common Stock
10,208

 
TELEDYNE TECHNOLOGIES INC
Common Stock
10,285

 
TELEFLEX INC
Common Stock
5,504

 
TELEPHONE AND DATA SYSTEMS
Common Stock
8,104

 
TEMPLE-INLAND INC
Common Stock
14,799

 
TENET HEALTHCARE CORP
Common Stock
13,762

 
TENNECO INC
Common Stock
7,126

 
TERADATA CORP
Common Stock
7,931

 
TEREX CORP
Common Stock
3,351

 
TESORO CORP
Common Stock
12,650

 
TEXAS INSTRUMENTS INC
Common Stock
42,044

 
TEXTRON INC
Common Stock
19,917

 
THE HERSHEY COMPANY
Common Stock
24,428

 
THE MCCLATCHY COMPANY
Common Stock
1,955

 
THE SCOTTS MIRACLE-GRO COMPANY CLASS A
Common Stock
11,449

 
THERMO FISHER SCIENTIFIC INC
Common Stock
27,959

 
THOMAS & BETTS CORP
Common Stock
5,617

 
THOR INDS INC
Common Stock
6,140

 
TIFFANY & CO
Common Stock
10,710

 
TIME WARNER CABLE
Common Stock
39,980

 
TIME WARNER INC
Common Stock
107,539

 
TIMKEN CO
Common Stock
14,024

 
TJX COMPANIES INC
Common Stock
48,185

 
TOLL BROTHERS INC
Common Stock
4,474

 
TORCHMARK CORP
Common Stock
24,805

 
TOTAL SYSTEM SERVICES INC
Common Stock
9,981

 
TRACTOR SUPPLY COMPANY
Common Stock
4,138


33


WESCO Distribution, Inc.
 
 
 
 
Retirement Savings Plan
 
 
 
 
Schedule of Assets (Held at End of Year)
 
 
 
 
EIN 25-1723345, Plan Number 001
 
 
 
 
December 29, 2011
 
 
 
Schedule H, line 4i

(a)
(b)
(c)
(d)
 
 
Description of Investment
 
 
Identity of Issue,
Including Maturity Date,
 
 
Borrower, Lessor or
Rate of Interest, Collateral,
Current
 
Similar Party
Par, or Maturity Value
Value
 
TRANSATLANTIC HOLDINGS INC
Common Stock
14,446

 
TRANSOCEAN LTD
Common Stock
7,982

 
TRAVELERS COS INC/THE
Common Stock
73,705

 
TRINITY INDUSTRIES INC
Common Stock
6,761

 
TRIPADVISOR INC
Common Stock
6,416

 
TRUEBLUE INC
Common Stock
3,478

 
TRW AUTOMOTIVE HOLDINGS CORP
Common Stock
13,021

 
TUPPERWARE BRANDS CORPORATION
Common Stock
7,029

 
TUTOR PERINI CORP
Common Stock
5,238

 
TYCO INTERNATIONAL LTD
Common Stock
51,435

 
TYSON FOODS INC-CL A
Common Stock
24,364

 
UGI CORP
Common Stock
12,038

 
UIL HOLDINGS CORP
Common Stock
3,851

 
ULTRA PETROLEUM CORP
Common Stock
4,592

 
UNION PACIFIC CORP
Common Stock
69,110

 
UNISOURCE ENERGY CORP CO
Common Stock
8,849

 
UNISYS CORP
Common Stock
4,185

 
UNIT CORP
Common Stock
5,824

 
UNITED CONTINENTAL HOLDINGS
Common Stock
8,101

 
UNITED PARCEL SERVICE-CL B
Common Stock
109,119

 
UNITED RENTALS INC
Common Stock
6,510

 
UNITED STATES STEEL CORP
Common Stock
7,188

 
UNITED STATIONERS INC
Common Stock
12,320

 
UNITED TECHNOLOGIES CORP
Common Stock
155,539

 
UNITEDHEALTH GROUP INC
Common Stock
169,355

 
UNIVERSAL AMERICAN CORP
Common Stock
4,923

 
UNIVERSAL CORP/VA
Common Stock
7,466

 
UNIVERSAL HEALTH SERVICES-B
Common Stock
5,113

 
UNUM GROUP
Common Stock
26,012

 
URS CORP
Common Stock
10,707

 
US AIRWAYS GROUP INC
Common Stock
11,297

 
US BANCORP
Common Stock
78,924

 
USA MOBILITY INC
Common Stock
6,302

 
USEC INC
Common Stock
2,225

 
USG CORP
Common Stock
2,215

 
UTI WORLDWIDE INC
Common Stock
7,219

 
VALERO ENERGY CORP
Common Stock
45,111

 
VALLEY NATIONAL BANCORP
Common Stock
4,856

 
VALSPAR CORP
Common Stock
7,321

 
VARIAN MED SYS INC
Common Stock
7,218

 
VECTOR GROUP LTD
Common Stock
9,668

 
VECTREN CORPORATION
Common Stock
12,491

 
VERISIGN INC
Common Stock
6,385

 
VERIZON COMMUNICATIONS INC
Common Stock
548,685

 
VF CORP
Common Stock
28,822

 
VIACOM INC-CLASS A
Common Stock
32,632

 
VIRGIN MEDIA INC
Common Stock
5,634

 
VISA INC-CLASS A SHARES
Common Stock
40,125

 
VISHAY INTERTECHNOLOGY INC
Common Stock
6,467

 
VULCAN MATERIALS CO
Common Stock
2,192

 
WALGREEN CO
Common Stock
72,510

 
WAL-MART STORES INC
Common Stock
263,656

 
WALT DISNEY CO/THE
Common Stock
76,061


34


WESCO Distribution, Inc.
 
 
 
 
Retirement Savings Plan
 
 
 
 
Schedule of Assets (Held at End of Year)
 
 
 
 
EIN 25-1723345, Plan Number 001
 
 
 
 
December 29, 2011
 
 
 
Schedule H, line 4i

(a)
(b)
(c)
(d)
 
 
Description of Investment
 
 
Identity of Issue,
Including Maturity Date,
 
 
Borrower, Lessor or
Rate of Interest, Collateral,
Current
 
Similar Party
Par, or Maturity Value
Value
 
WARNACO GROUP INC
Common Stock
6,315

 
WASHINGTON FEDERAL INC
Common Stock
6,029

 
WASHINGTON POST-CLASS B
Common Stock
10,247

 
WASTE MANAGEMENT INC
Common Stock
29,109

 
WATERS CORP
Common Stock
6,376

 
WATSON PHARMACEUTICALS INC
Common Stock
4,000

 
WEATHERFORD INTL LTD
Common Stock
8,378

 
WEBSTER FINANCIAL CORP
Common Stock
2,051

 
WELLCARE HEALTH PLANS INC
Common Stock
16,048

 
WELLPOINT INC
Common Stock
99,235

 
WELLS FARGO & CO
Common Stock
218,554

 
WERNER ENTERPRISES INC
Common Stock
4,364

*
WESCO INTERNATIONAL INC
Common Stock
10,400

 
WESTAR ENERGY INC
Common Stock
14,799

 
WESTERN DIGITAL CORP
Common Stock
25,315

 
WESTERN REFINING INC
Common Stock
5,518

 
WESTERN UNION CO
Common Stock
7,892

 
WEYERHAEUSER CO
Common Stock
24,393

 
WGL HOLDINGS INC
Common Stock
13,052

 
WHIRLPOOL CORP
Common Stock
15,994

 
WHITE MTNS INS GROUP LTD COM
Common Stock
9,900

 
WHITING PETE CORP
Common Stock
2,641

 
WHOLE FOODS MARKET INC
Common Stock
10,841

 
WILEY JOHN & SONS INC
Common Stock
3,240

 
WILLIAMS COS INC
Common Stock
40,069

 
WILLIAMS-SONOMA INC
Common Stock
10,538

 
WINDSTREAM CORP
Common Stock
18,225

 
WINN-DIXIE STORES INC
Common Stock
5,371

 
WISCONSIN ENERGY CORP
Common Stock
11,152

 
WORLD FUEL SERVICES CORP
Common Stock
19,631

 
WR GRACE & CO
Common Stock
10,554

 
WRIGHT EXPRESS CORP
Common Stock
10,021

 
WYNDHAM WORLDWIDE CORP
Common Stock
15,198

 
WYNN RESORTS LTD
Common Stock
4,634

 
XCEL ENERGY INC
Common Stock
39,570

 
XEROX CORP
Common Stock
4,352

 
XILINX INC
Common Stock
9,898

 
XL GROUP PLC
Common Stock
21,963

 
YAHOO INC
Common Stock
21,485

 
YUM! BRANDS INC
Common Stock
28,420

 
ZIMMER HOLDINGS INC
Common Stock
10,741

 
ZIONS BANCORPORATION
Common Stock
9,212

 
    RAFI Enhanced Large Company
 
 
 
      Fund Total
 
22,638,897

 
 
 
 
*
Participant Loans
4.25%-10.5% with maturity dates through 2017
11,742,957

 
    Participant Loans Total
 
11,742,957

 
 
 
 
 
Total Investments at Fair Value
 
$
427,072,520

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

35


WESCO Distribution, Inc.
Retirement Savings Plan
Consent of Independent Registered Public Accounting Firm
December 29, 2011 and 2010

EXHIBITS
The following exhibits are filed or incorporated as part of this report:
Exhibit
 
 
Number
 
Description
23.1
 
Consent of Alpern Rosenthal (filed herewith)
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the employees benefit plan) have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.

WESCO Distribution, Inc.
 
Retirement Savings Plan
 
By:  
/s/ Stephen A. Van Oss
 
 
Stephen A. Van Oss
 
 
Chairman, 401K Retirement Savings Plan
 
 
Investment and Administrative Committees
 

Dated: June 26, 2012

36