Times' retirement plan hit by $154M loss - Jacksonville Business Journal:

http://discovertrinidadca.com/slides.html
Net assets of the plan for the which owns the Globeand T&G, fell to $417. 7 million. The plan was particularly hard hit bysome $171.5 million in losses within several mutual funds. For example, the plan’ss largest holding, the Vanguardd 500 Index Investment fund, suffered a nearly 40 perceny lossin value. Another fund in the Times’ portfolio, the Vanguare Asset AllocationInvestment fund, dropped nearlgy 32 percent year-over-year. Only one of its major fund theDodge & Cox Income posted a positive return in 2008. Investments in fixecd income and insurance assetsgenerated $5.3 million in income. Dividend income of $11.6 million also helped offsert losses.
Interest income from the company’s borrowing from its retirement fundtotaled $594,000. The Times has traditionallty matched a fraction ofGlobe employees’ contributionsa to their 401(k) accounts, however a proposal in front of leadership would eliminate the