Ameriprise 2015 Annual Report Download - page 184

The following table provides a summary of changes in Level 3 assets measured at fair value on a recurring basis:
Real Estate Hedge
Asset Category Investment Trusts Funds
(in millions)
Balance at January 1, 2013 $12 $18
Actual return on plan assets:
Relating to assets still held at the reporting date — 2
Purchases 2—
Sales (12) —
Balance at December 31, 2013 220
Actual return on plan assets:
Relating to assets still held at the reporting date 1 1
Purchases 11 —
Balance at December 31, 2014 14 21
Actual return on plan assets:
Relating to assets still held at the reporting date 2 —
Balance at December 31, 2015 $ 16 $ 21
The amounts recognized in AOCI, net of tax, as of December 31, 2015 but not recognized as components of net periodic
benefit cost included an unrecognized actuarial loss of $97 million and an unrecognized prior service credit of $2 million
related to the Company’s pension plans and an unrecognized actuarial gain of $4 million related to the Company’s other
postretirement plans. The estimated amounts that will be amortized from AOCI, net of tax, into net periodic benefit cost in
2016 include a prior service credit of $1 million and an actuarial loss of $4 million related to Company’s pension plans
and an actuarial gain of $1 million related to Company’s other postretirement plans. See Note 18 for a rollforward of AOCI
related to the Company’s defined benefit plans.
The Company’s pension plans expect to make benefit payments to retirees as follows:
Other
Postretirement
Pension Plans Plans
(in millions)
2016 $71 $2
2017 75 2
2018 74 2
2019 78 1
2020 76 1
2021-2025 322 6
The Company expects to contribute $23 million and $2 million to its pension plans and other postretirement plans,
respectively, in 2016.
Defined Contribution Plans
The Company’s employees are generally eligible to participate in the Ameriprise Financial 401(k) Plan (the ‘‘401(k) Plan’’).
The 401(k) Plan allows eligible employees to make contributions through payroll deductions up to IRS limits and invest
their contributions in one or more of the 401(k) Plan investment options, which include the Ameriprise Financial Stock
Fund. The Company provides a dollar for dollar match up to the first 5% of eligible compensation an employee contributes
on a pretax and/or Roth 401(k) basis for each annual period.
Under the 401(k) Plan, employees become eligible for contributions under the plan during the pay period they reach
60 days of service. Match contributions are fully vested after five years of service, vesting ratably over the first five years of
service, or upon retirement at or after age 65, disability or death while employed. The Company’s defined contribution plan
expense was $47 million, $37 million and $35 million in 2015, 2014 and 2013, respectively.
Employees outside the U.S. who are not covered by the 401(k) may be covered by local defined contribution plans which
are subject to applicable laws and rules of the country where the plan is administered. The Company’s expense related to
defined contribution plans outside the U.S. was $6 million, $6 million and $5 million in 2015, 2014 and 2013,
respectively.
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