Equifax 2009 Annual Report Download - page 73

Each pooled fund is associated with an asset classification, which Deferred Compensation Plans. We maintain deferred compensa-
has a primary investment objective. The objective for each asset tion plans that allow for certain management employees and the
class is related to a standard investment index and to a period of Board of Directors to defer the receipt of compensation (such as
four-years. The following includes the objectives for each of the cur- salary, incentive compensation, commissions or vested restricted
rent five asset classes: stock units) until a later date based on the terms of the plans. The
benefits under our deferred compensation plans are guaranteed by
the assets of a grantor trust which, through our funding, purchased
Asset class Four-Year Objective
variable life insurance policies on certain consenting individuals, with
Canadian Equities S&P/TSX Composite Total Return Index this trust as beneficiary. The purpose of this trust is to ensure the
plus 1.5% distribution of benefits accrued by participants of the deferred com-
U.S. Equities S&P 500 Total Return Index plus 1.5% pensation plans in case of a change in control, as defined in the
(Canadian $) trust agreement.
International Equities MSCI EAFE Total Return Index plus 1.5%
(Canadian $) Long-Term Incentive Plan. We have a shareholder-approved Key
Fixed Income Scotia Capital Universe Bond Index plus Management Incentive Plan (Annual Incentive Plan) for certain key
0.5% officers that provides for annual or long-term cash awards at the
end of various measurement periods, based on the earnings per
Money Market Scotia Capital 91-Day Treasury Bill Index
share and/or various other criteria over the measurement period.
plus 0.3%
Our total accrued incentive compensation for all incentive plans
included in accrued salaries and bonuses on our Consolidated Bal-
The following specifies the asset allocation ranges and actual alloca- ance Sheets was $49.4 million and $45.8 million at December 31,
tion as of December 31, 2009 and 2008: 2009 and 2008, respectively.
Actual Employee Benefit Trusts. We maintain employee benefit trusts for
CRIP Range 2009 2008 the purpose of satisfying obligations under certain benefit plans.
Canadian Equities 30%–50% 38.0% 39.2% These trusts held 2.1 million and 3.2 million shares of Equifax stock
U.S. Equities 9%–29% 21.8% 20.9% with a value, at cost, of $41.2 million and $51.8 million at Decem-
International Equities 0%–19% 7.9% 9.5% ber 31, 2009 and 2008, respectively, as well as cash, which was
Fixed Income 20%–40% 31.6% 28.4% not material for both periods presented. The employee benefits
Money Market 0%–10% 0.7% 2.0% trusts are as follows:
• The Employee Stock Benefits Trust, which constitutes a funding
vehicle for a variety of employee benefit programs. Prior to 2009,
The investment goal is to achieve the composite return calculated
the trust released a certain number of shares annually which were
based on the above benchmark allocation plus 1% over successive
distributed to employees in the course of share option exercises
four-year periods. An additional objective is to provide a real rate of
or nonvested share distributions upon vesting. During 2009, we
return of 3.0% when compared with the Canadian Consumer Price
took certain steps to dissolve the trust, including selling the
Index, also over successive four-year periods.
remaining shares to Equifax. The $12.5 million of cash the trust
received from the sale was contributed to the EIPP in December
Equifax Retirement Savings Plans. Equifax sponsored a tax quali-
2009.
fied defined contribution plan in 2009, the Equifax Inc. 401(k) Plan,
• The Executive Life and Supplemental Retirement Benefit Plan
or the Plan. The Company assumed sponsorship of the TALX Cor-
Grantor Trust is used to ensure that the insurance premiums due
poration Savings and Retirement Plan, or TALX Plan, upon the
under the Executive Life and Supplemental Retirement Benefit
acquisition of TALX in 2007; however, the TALX Plan was subse-
Plan are paid in case we fail to make scheduled payments follow-
quently merged into the Plan on December 31, 2007. We provide a
ing a change in control, as defined in this trust agreement.
discretionary match of participants’ contributions, up to six percent
• The Supplemental Executive Retirement Plans Grantor Trust’s
of employee contributions. Company contributions for the Plan dur-
assets are dedicated to ensure the payment of benefits accrued
ing the twelve months ended December 31, 2009 and 2008 were
under our Supplemental Executive Retirement Plans in case of a
$13.8 million and $6.7 million, respectively. Company contributions
change in control, as defined in this trust agreement.
for the Plan and TALX Plan in 2007 were $5.6 million.
The assets in these plans which are recorded on our Consolidated
Foreign Retirement Plans. We also maintain defined contribution
Balance Sheets are subject to creditors claims in case of insolvency
plans for certain employees in the U.K., Ireland and Canada. For the
of Equifax Inc.
years ended December 31, 2009, 2008 and 2007, our expenses
related to these plans were not material.
EQUIFAX 2009 ANNUAL REPORT 71
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