UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 11-K
(mark one)
x ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the period October 1, 2005 (date of inception) through December 31, 2005
or
o TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from to
Commission file number 1-32525
A. Full title of the plan and the address of the plan, if different from that of the issuer named below:
AMERIPRISE FINANCIAL 401(k) PLAN
B. Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:
AMERIPRISE
FINANCIAL, INC.
55 Ameriprise Financial Center
Minneapolis, MN 55474
Form 11-K for
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1 |
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Financial Statements |
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Statement of Net Assets Available for Benefits as of December 31, 2005 |
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3 |
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4 |
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5 |
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Supplemental Schedule |
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Schedule H, Line 4i — Schedule of Assets (Held at End of Year) |
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13 |
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19 |
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Exhibit |
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20 |
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Exhibit 23.1 — Consent of Independent Registered Public Accounting Firm |
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21 |
Report of Independent Registered Public Accounting Firm
The Employee Benefits
Administration Committee
Ameriprise Financial, Inc.
We have audited the accompanying statement of net assets available for benefits of the Ameriprise Financial 401(k) Plan as of December 31, 2005, and the related statement of changes in net assets available for benefits for the period October 1, 2005 (date of inception) through December 31, 2005. 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 audit.
We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. We were not engaged to perform an audit of the Plan’s internal control over financial reporting. Our audit included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances but not for the purpose of expressing an opinion on the effectiveness of the Plan’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Plan at December 31, 2005, and the changes in its net assets available for benefits for the period October 1, 2005 (date of inception) through December 31, 2005, in conformity with U.S. generally accepted accounting principles.
Our audit was performed for the purpose of forming an opinion on the financial statements taken as a whole. The accompanying supplemental schedule of assets (held at end of year) as of December 31, 2005 is presented for purposes of additional analysis and is not a required part of the financial statements but is supplementary information required by the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. This
1
supplemental schedule is the responsibility of the Plan’s management. The supplemental schedule has been subjected to the auditing procedures applied in our audit of the financial statements and, in our opinion, is fairly stated in all material respects in relation to the financial statements taken as a whole.
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/s/ Ernst & Young LLP |
Minneapolis, Minnesota
June 20, 2006
2
Ameriprise Financial 401(k) Plan
Statement of Net Assets Available for Benefits
December 31, 2005
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Assets |
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Investments |
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$ |
779,876,040 |
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|
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Receivables: |
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|
|
|
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Investment income |
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673,456 |
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|
|
Proceeds from sale of investments |
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1,748,614 |
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|
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Employer Contributions |
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21,699,877 |
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|
|
|
|
|
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|
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Total Assets |
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803,997,987 |
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Liabilities |
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Accounts payable |
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366,421 |
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Net assets available for benefits |
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$ |
803,631,566 |
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See notes to the financial statements.
3
Ameriprise Financial 401(k) Plan
Statement of Changes in Net Assets Available for Benefits
For the period October 1, 2005 (date of inception) through December 31,
2005
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Contributions: |
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Employer |
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$ |
21,705,873 |
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Participant |
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8,792,814 |
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Participant rollovers or transfers |
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175,612 |
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Total Contributions |
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30,674,299 |
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Investment Income: |
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Interest and dividends |
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25,392,214 |
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Interest on participant loans |
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223,229 |
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Net realized/unrealized appreciation |
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16,122,945 |
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Total Investment Income |
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41,738,388 |
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Total Contributions and Investment Income |
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72,412,687 |
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Withdrawal payments |
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(11,658,627 |
) |
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|
|
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|
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Transfer from American Express Incentive Savings Plan |
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742,877,506 |
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Net increase in net assets available for benefits |
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803,631,566 |
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Net assets available for benefits at beginning of period |
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— |
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Net assets available for benefits at end of period |
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$ |
803,631,566 |
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See notes to financial statements.
4
Ameriprise Financial 401(k) Plan
Notes to the Financial Statements
December 31, 2005
1. Description of the Plan
General
The Ameriprise Financial 401(k) Plan (the “Plan”), which became effective October 1, 2005, is a defined contribution pension plan. Under the terms of the Plan, regular full-time and certain part-time employees of Ameriprise Financial, Inc. and its participating subsidiaries (the “Company”) can make contributions to the Plan upon date of hire and are eligible to receive Company contributions upon completion of one year of service.
The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). The following is not a comprehensive description of the Plan, and therefore, does not include all situations and limitations covered by the Plan.
Administration
Ameriprise Trust Company (“ATC”), a wholly-owned subsidiary of Ameriprise Financial, Inc., is the Trustee of the Plan. The Plan is administered by the Company’s Employee Benefits Administration Committee (“EBAC”). The Company’s 401(k) Investment Committee selects the investment options offered to participants under the Plan and directs the manner in which investment options unique to the Plan are invested. Members of EBAC are appointed by the Compensation and Benefits Committee of the Board of Directors of Ameriprise Financial, Inc. whereas members of the 401(k) Investment Committee are determined based upon job title as specified in the Plan.
Expenses
Fees, commissions and other charges attributable to the Plan as a whole are paid by the Plan, unless paid by the Company. Currently, all administrative expenses incurred with regard to the Plan are borne by the Company. Expenses related to the Plan’s investments, such as brokerage commissions, fees, stock transfer taxes and other charges are generally paid out of the applicable investment fund. The participant pays certain fees and expenses of the Self-Managed Brokerage Account (“SMBA”).
The Plan currently provides for the following contributions:
Elective Contributions
Participants may contribute each pay period before-tax, after-tax (up to 10%), or a combination of both, not to exceed 80% of their base salary to the Plan through payroll deductions. The Internal Revenue Code of 1986, as amended (the “Code”), imposes a limitation (adjusted annually for cost of living increases) on participants’ before-tax contributions to plans, which are qualified under Code Section 401(k), and other specified tax favored plans. This limit per the Code was $14,000 for employees under age 50 and $18,000 for employees over age 50 for 2005. The Plan complied with nondiscrimination requirements under the Code for 2005.
5
Company Matching Contributions
Upon a participant’s completion of one year of service, the Company matches participants’ before-tax contributions quarterly on a dollar for dollar basis up to 3% of base salary. A participant must be employed by the Company on the last working day of the quarter to receive Company Matching Contributions. Total Matching Contributions for 2005 were $2,823,097.
Profit Sharing Contributions
Upon a participant’s completion of one year of service additional Company contributions of 0-7% of the participant’s base salary may be made annually at the Company’s discretion based, in part, on the Company’s performance. Participants must be employed on the last working day of the plan year (or be disabled under the terms of the Plan) to be eligible for any Profit Sharing Contributions made for that plan year. Contributions to eligible employees are made regardless of whether the eligible employee contributes to the Plan. Profit Sharing Contributions were 4.5 % of eligible base salary earned in 2005. Total Profit Sharing Contributions for 2005 were $17,828,392.
Company Stock Contributions
Upon a participant’s completion of one year of service, the Company contributes 1% of each eligible employee’s base salary quarterly regardless of whether the eligible employee contributes to the Plan. This contribution is invested in the Ameriprise Financial, Inc. Stock Fund, however, participants are allowed to immediately transfer their balance among the other investment options. A participant must be employed by the Company on the last working day of the quarter to receive Company Stock Contributions. Total Company Stock Contributions for 2005 were $1,054,384.
Limit on Contributions
For purposes of the Plan, base salary is a participant’s regular cash compensation up to $210,000 in 2005 before tax deductions and certain other withholdings. Base salary does not include bonuses, overtime, commissions and certain other amounts.
Transfer of Account Balances
Participants’ account balances may be transferred among the Plan’s investment options upon instructions from the participant.
Rollovers
A Rollover is a transfer to the Plan of a qualified distribution in accordance with the provisions of the Plan. Rollovers into the Plan are not subject to Company Matching Contributions.
6
Vesting
Participants are immediately vested in their before-tax and after-tax contributions, Company Matching Contributions, Company Stock Contributions, Rollovers, and income and appreciation on the foregoing. Profit Sharing Contributions, and income and appreciation thereon, are fully vested after five years of service, upon retiring at or after attaining the Plan’s normal retirement age (65), upon becoming disabled or at death. Company Profit Sharing Contributions not vested at the time of termination of employment are forfeited and used to reduce future Company contributions. Forfeitures were $238,793 for the three months ended December 31, 2005.
Tax Deferrals
As long as the Plan remains qualified and the related Trust (the “Trust”) remains tax exempt, amounts invested in the Plan through participant and Company contributions and Rollovers, as well as the income and appreciation on such amounts, are not subject to Federal income tax until distributed to the participant.
Distributions and Withdrawals
Upon disability, death or retirement at or after attaining the Plan’s normal retirement age (65), participants or their beneficiaries are eligible to receive a distribution of the full value of their accounts. If employment ends for other reasons, participants are eligible to receive a distribution of their vested account balance. If employment ends, participants (or their beneficiaries) may elect to receive their vested balance as a lump sum cash amount, American Express Company or Ameriprise Financial, Inc. common shares, mutual fund shares held under the Self-Managed Brokerage Account, or a combination of cash and shares. If the account balance for a participant eligible for a distribution is greater than $1,000, participants may elect to defer distribution until the April 1 following the date they reach age 70 1/2. If the account balance for a participant eligible for a distribution is $1,000 or less, the distribution will be made in a lump sum following the end of employment. A participant may request a withdrawal of all or a portion of their vested account balance subject to limitations under the terms of the Plan and certain tax penalties imposed by the Code.
Loan Program
Participants are entitled to apply to the EBAC for up to two loans from the Plan. Participants may borrow from their fund accounts a minimum of $500 up to a maximum equal to or lesser of $50,000 or 50 percent of their vested account balance. Loan terms cannot exceed 59 months or 359 months if for the purchase of a primary residence. The loans are secured by the balance in the participant’s account and bear interest at the prime rate as reported in The Wall Street Journal on the third Monday of the month before the date the loan request is processed. The rate is effective the first business day of the month after being reported and is fixed for the term of the loan. Principal and interest is paid ratably through bi-weekly payroll deductions.
Repayments of the loan, including interest, are allocated to participants’ investment accounts in accordance with the election in effect for new contributions at the time of repayment. In the event of a loan default, the EBAC may direct the Trustee to treat the outstanding loan balance as an early withdrawal of funds from the Plan thereby subjecting the balance to income tax plus any penalties imposed by the Code.
7
2. Significant Accounting Policies
Valuation of Investments
Investment contracts, which are fully benefit responsive, are carried at contract value. Contract value represents the face amount of the contract plus interest at the contract rate. Investments in American Express Company and Ameriprise Financial, Inc. common shares are valued at the last quoted sales price on the New York Stock Exchange on the last business day of the plan year. Investments in mutual funds and collective investment funds are valued at the closing net asset values of the funds on the last business day of the plan year. Participant loan accounts are valued at cost, which approximates fair value.
Although it has not expressed any intent to do so, the Company has the right under the Plan to discontinue its contributions at any time and to terminate the Plan subject to the provisions of ERISA. In the event of Plan termination, participants will become 100% vested in their accounts.
Other
Purchases and sales of securities are reflected on a trade-date basis. The cost of securities sold is determined using the average cost method. Dividend income is recorded on the ex-dividend date. Income from other investments is recorded on the accrual basis. As required by the Plan, all dividend and interest income is reinvested into the same investment funds in which the dividends and interest arose.
The accompanying financial statements have been prepared on the accrual basis of accounting and include the use of management estimates in conformity with accounting principles generally accepted in the United States of America. Actual results could differ from those estimates.
3. Investments
Investment Elections
A participant may currently elect to invest contributions in any combination of investment funds in increments of 1% and change investment elections for future contributions or transfer existing account balances on any business day the New York Stock Exchange is open, with the exception of the SMBA. The SMBA has a minimum initial transfer of $3,000 and additional increments of at least $500. Future contributions cannot be made directly to the SMBA.
Investment Funds
A brief description of the investment funds at December 31, 2005 is set forth below:
Ameriprise Financial Stock Fund — Is considered to be an Employee Stock Ownership Plan (“ESOP”). The Fund invests primarily in the Company’s common stock, purchased in either the open market or directly from the Company, and in cash or short-term cash equivalents.
8
American Express Company Stock Fund — Invests primarily in American Express Company common stock, and in cash or short-term cash equivalents. Amounts held may be sold at any time, but the fund will not receive additional contributions. The fund will be held within the Plan until April 2007.
Income Fund — Invests in various investment contracts, directly or indirectly, offered by insurance companies or other financial institutions. Contracts may be subject to penalties if they are terminated before their stated maturity if the purpose for termination is other than to obtain funds for ordinary participant benefit payments. The average yield on investment contracts was 4.22% for 2005. The weighted average crediting rates on investment contracts was 4.22% at December 31, 2005. ATC acts as investment manager for the Income Fund. The fund also invests in the Ameriprise Trust Stable Capital Fund I (which invests primarily in a diversified pool of high quality bonds together with book value contracts of varying maturity, sizes and yields) and the Ameriprise Trust Money Market Fund I (which invests primarily in short-term debt instruments). The goal of these funds is to maximize current income consistent with the preservation of principal.
At December 31, 2005, the fair value of investment contracts was estimated to be $76,478,424. Fair value for traditional investment contracts was estimated based upon discounting future cash flows under the contract at current interest rates for similar investments with comparable terms. Fair value for synthetic contracts was estimated based on the market values of the underlying securities. Related wrap instruments for synthetic contracts were valued at the difference between the fair value of the underlying securities and the contract value attributable by the wrapper to such assets. Contracts with maturities of one year or less were valued at contract value, which approximates fair value. This valuation is made in accordance with Statement of Financial Accounting Standards No. 107, “Disclosures about Fair Value of Financial Instruments” and does not necessarily reflect the value that would be realized as a result of premature liquidation of the contracts.
The Mutual Funds — The “RiverSourceSM Funds” — the RiverSourceSM Diversified Bond Fund, RiverSourceSM Balanced Fund, RiverSourceSM New Dimensions Fund, RiverSourceSM Stock Fund, RiverSourceSM Global Balanced Fund and RiverSourceSM Mid Cap Growth Fund — are mutual funds offered to the general public. Each of the RiverSourceSM Funds is managed by RiverSourceSM Investments, LLC, a wholly-owned subsidiary of the Company. Morgan Stanley Institutional Fund International Equity Portfolio (Class A) is managed by Morgan Stanley Dean Witter Asset Management.
Collective Investment Funds — The RiverSourceSM Trust Small Cap Equity Index Fund I, RiverSourceSM Trust Equity Index Fund III, RiverSourceSM Trust Short-Term Horizon (25:75) Fund, RiverSourceSM Trust Medium-Term Horizon (50:50) Fund and the RiverSourceSM Trust Long-Term Horizon (80:20) Fund are collective funds, managed by ATC.
Self-Managed Brokerage Account (Mutual Funds only) — The SMBA gives participants the freedom to invest in a wide variety of mutual funds in addition to the other aforementioned investment options. Participants are provided a list of over 900 mutual funds to make choices and investment selections of their own design.
9
From October 1, 2005 through December 31, 2005, the Plan’s investments (including investments purchased, sold, as well as held during the year) appreciated (depreciated) in fair value as follows:
Net realized and unrealized appreciation (depreciation) in fair value of investments:
|
Mutual funds |
|
$ |
(9,467,904 |
) |
|
Collective investment funds |
|
6,299,189 |
|
|
|
Ameriprise Financial Stock Fund |
|
6,098,107 |
|
|
|
American Express Company Stock Fund |
|
12,114,139 |
|
|
|
Income Fund |
|
73,628 |
|
|
|
Self-Managed Brokerage Account (Mutual Funds only) |
|
1,005,786 |
|
|
|
|
|
$ |
16,122,945 |
|
At December 31, 2005, investments with a fair value representing 5% or more of the Plan’s net assets available for benefit were as follows:
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Number of |
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Common Shares |
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|
|
|
|
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||
|
American Express Company |
|
3,323,701 |
|
$ |
159,371,463 |
|
$ |
171,037,653 |
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||
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Mutual Funds |
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|
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RiverSourceSM New Dimensions Fund, Inc. |
|
4,512,272 |
|
$ |
102,426,883 |
|
$ |
89,433,234 |
|
|
Morgan Stanley Institutional Fund International Equity Portfolio (Class A) |
|
2,483,562 |
|
$ |
53,498,110 |
|
$ |
50,515,650 |
|
|
RiverSourceSM Mid Cap Growth Fund, Inc. |
|
3,411,447 |
|
$ |
46,676,472 |
|
$ |
49,534,214 |
|
|
RiverSourceSM Stock Fund, Inc. |
|
2,370,868 |
|
$ |
45,578,308 |
|
$ |
48,033,778 |
|
4. Risks and Uncertainties
The Plan invests in various investment securities. Investment securities are exposed to various risks such as interest rate, market and credit risks. Due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect the amounts reported in the statements of net assets available for benefits.
10
5. Income Tax Status
The Plan has applied for but has not received a determination letter from the Internal Revenue Service stating that the Plan is qualified under Section 401(a) of the Internal Revenue Code (the “Code”). However, the plan administrator believes that the Plan has been designed to comply with and is operating in accordance with the requirements of the Code and, therefore, believes the Plan is qualified and the related trust is exempt from taxation.
6. Spin-off from American Express
On September 30, 2005, Ameriprise Financial, Inc. spun-off from American Express Company through a special common stock dividend to the American Express shareholders. As a result of the spin-off, participant accounts were transferred from the American Express Company Incentive Savings Plan to the Ameriprise Financial 401(k) Plan.
11
EIN 13-3180631
Plan #: 001
Ameriprise Financial 401(k) Plan
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2005
|
Identity of Issue, Borrower, Lessor, or Similar Party |
|
Number of Shares / |
|
Current Value |
|
|
|
Mutual Funds - |
|
|
|
|
|
|
|
RiverSourceSM New Dimensions Fund, Inc. * |
|
4,512,272 |
|
$ |
89,433,234 |
|
|
|
|
|
|
|
|
|
|
RiverSourceSM Diversified Bond Fund, Inc. * |
|
4,688,117 |
|
22,502,959 |
|
|
|
|
|
|
|
|
|
|
|
RiverSourceSM Balanced Fund, Inc. * |
|
2,244,240 |
|
22,150,651 |
|
|
|
|
|
|
|
|
|
|
|
RiverSourceSM Stock Fund, Inc. * |
|
2,370,868 |
|
48,033,778 |
|
|
|
|
|
|
|
|
|
|
|
RiverSourceSM Global Balanced Fund, Inc. * |
|
2,158,309 |
|
12,906,690 |
|
|
|
|
|
|
|
|
|
|
|
RiverSourceSM Mid Cap Growth Fund, Inc. * |
|
3,411,447 |
|
49,534,214 |
|
|
|
|
|
|
|
|
|
|
|
Morgan Stanley Institutional Fund International Equity Portfolio (Class A) |
|
2,483,562 |
|
50,515,650 |
|
|
|
|
|
|
|
|
|
|
|
Total Mutual Funds |
|
|
|
295,077,176 |
|
|
|
|
|
|
|
|
|
|
|
Collective Investment Funds - |
|
|
|
|
|
|
|
RiverSourceSM Trust Short-Term Horizon (25:75) Fund * |
|
107,279 |
|
2,273,670 |
|
|
|
|
|
|
|
|
|
|
|
RiverSourceSM Trust Medium-Term Horizon (50:50) Fund * |
|
923,728 |
|
24,559,147 |
|
|
|
|
|
|
|
|
|
|
|
RiverSourceSM Trust Long-Term Horizon (80:20) Fund * |
|
485,750 |
|
13,719,528 |
|
|
|
|
|
|
|
|
|
|
|
RiverSourceSM Trust Small Cap Equity Index Fund I * |
|
2,315,562 |
|
39,519,689 |
|
|
|
|
|
|
|
|
|
|
|
RiverSourceSM Trust Equity Index Fund III * |
|
1,103,392 |
|
38,008,535 |
|
|
|
|
|
|
|
|
|
|
|
Total Collective Investment Funds |
|
|
|
118,080,569 |
|
|
|
|
|
|
|
|
|
|
|
Ameriprise Financial Stock Fund - |
|
|
|
|
|
|
|
RiverSourceSM Trust Money Market Fund I * |
|
873,965 |
|
873,965 |
|
|
|
|
|
|
|
|
|
|
|
Ameriprise Financial Common Shares * |
|
773,863 |
|
31,728,383 |
|
|
|
|
|
|
|
|
|
|
|
Total Ameriprise Financial Stock Fund |
|
|
|
32,602,348 |
|
|
|
|
|
|
|
|
|
|
|
American Express Company Stock Fund - |
|
|
|
|
|
|
|
RiverSourceSM Trust Money Market Fund I * |
|
759,271 |
|
759,271 |
|
|
|
|
|
|
|
|
|
|
|
American Express Company Common Shares * |
|
3,323,701 |
|
171,037,653 |
|
|
|
|
|
|
|
|
|
|
|
Total American Express Company Stock Fund |
|
|
|
171,796,924 |
|
|
13
|
Self-Managed Brokerage Account |
|
|
|
56,474,077 |
|
|
|
|
|
|
|
|
|
Income Fund - |
|
|
|
|
|
|
RiverSourceSM Trust Money Market Fund I * |
|
2,437,757 |
|
2,437,757 |
|
|
RiverSourceSM Government Income Fund * |
|
221,036 |
|
4,550,679 |
|
|
RiverSourceSM Trust Stable Capital Fund I * |
|
439,762 |
|
8,985,219 |
|
|
|
|
|
|
|
|
|
U.S. Government Obligations: |
|
|
|
|
|
|
FNMA TBA |
|
243,000 |
|
240,342 |
|
|
FNMA 30YR TBA |
|
1,800,000 |
|
1,743,750 |
|
|
FNMA TBA 5.5% 1/1/31 |
|
2,000,000 |
|
1,980,000 |
|
|
FNMA 15YR TBA 6.00% |
|
816,000 |
|
833,340 |
|
|
FNMA 30YR TBA 6.00% |
|
4,350,000 |
|
4,386,714 |
|
|
FNMA 30YR TBA 6.50% |
|
256,000 |
|
262,560 |
|
|
FHLMC TBA 6% 1/1/36 |
|
750,000 |
|
757,208 |
|
|
FHLMC GOLD #E92454 |
|
220,256 |
|
218,431 |
|
|
FHLMC GOLD #E96180 |
|
264,179 |
|
259,387 |
|
|
FHLMC GOLD #E96579 |
|
105,051 |
|
102,515 |
|
|
FHLMC GOLD #E97248 |
|
201,201 |
|
199,575 |
|
|
FHLMC GOLD #E99565 |
|
306,145 |
|
308,085 |
|
|
FHLMC GOLD #E99595 |
|
138,781 |
|
139,835 |
|
|
FHLMC MTN 3.525% 12/20/07 |
|
608,000 |
|
594,281 |
|
|
FHLMC |
|
688,000 |
|
673,639 |
|
|
FHLMC |
|
516,000 |
|
514,125 |
|
|
FHLMC #G10559 GOLD 7.00% |
|
33,085 |
|
34,334 |
|
|
FHLMC #G10561 GOLD 7.00% |
|
35,823 |
|
37,174 |
|
|
FHLMC #C66537 |
|
60,435 |
|
62,963 |
|
|
FHLMC #C66594 |
|
64,303 |
|
67,347 |
|
|
FHLMC 15YR #E00546 5.50% |
|
57,240 |
|
57,679 |
|
|
FHLMC GOLD #E00593 |
|
65,704 |
|
66,218 |
|
|
FHLMC GOLD #B10777 |
|
255,533 |
|
254,591 |
|
|
FHLMC GOLD #B12280 |
|
197,666 |
|
198,918 |
|
|
FHLMC #2113 |
|
14,660 |
|
14,667 |
|
|
FHLMC T-20 A4 CMO 7.57% 5/25/28 |
|
87 |
|
86 |
|
|
FHLB 4.125% 4/18/08 |
|
1,160,000 |
|
1,145,452 |
|
|
FED HOME LN BANK 4.625% 1/18/08 |
|
1,145,000 |
|
1,143,362 |
|
|
FHLB 3% 5/15/06 |
|
680,000 |
|
676,031 |
|
|
FHLB |
|
1,320,000 |
|
1,316,021 |
|
|
FED FARM CREDIT BANK |
|
688,000 |
|
676,404 |
|
|
FEDERAL FARM CREDIT BANK |
|
1,328,000 |
|
1,311,188 |
|
|
FHLMC #E20124 GOLD |
|
19,580 |
|
20,454 |
|
|
FHLMC 2403-DA |
|
188,326 |
|
189,544 |
|
|
FHLMC REF NOTE |
|
365,000 |
|
368,764 |
|
|
FHLMC REFERENCE NOTES |
|
1,322,000 |
|
1,301,198 |
|
|
FHLMC 4% 8/17/07 |
|
930,000 |
|
919,123 |
|
|
FHLMC |
|
1,230,000 |
|
1,227,872 |
|
14
|
FHLMC #780514 ARM |
|
153,893 |
|
151,488 |
|
|
FHLMC (NON GOLD) ARM #782436 |
|
179,783 |
|
177,843 |
|
|
FNMA 3.875% 5/15/07 |
|
712,000 |
|
704,282 |
|
|
FNMA BENCHMARK |
|
688,000 |
|
688,641 |
|
|
FNMA |
|
326,000 |
|
319,030 |
|
|
FNMA BENCHMARK |
|
326,000 |
|
324,810 |
|
|
FNMA |
|
652,000 |
|
647,579 |
|
|
FNMA |
|
724,000 |
|
709,565 |
|
|
FNMA 4.25% 9/15/07 |
|
390,000 |
|
387,329 |
|
|
FNMA BENCHMARK 4.5% 10/15/08 |
|
1,721,000 |
|
1,711,454 |
|
|
FNMA |
|
656,000 |
|
649,448 |
|
|
FNMA |
|
706,000 |
|
692,735 |
|
|
FNMA |
|
813,000 |
|
825,462 |
|
|
FNMA #190517 |
|
17,185 |
|
17,553 |
|
|
FNMA #190888 |
|
79,355 |
|
81,605 |
|
|
FNMA #250800 7.50% |
|
34,052 |
|
35,720 |
|
|
FNMA #252016 |
|
32,976 |
|
34,467 |
|
|
FNMA 15YR #252260 6.00% |
|
99,997 |
|
102,181 |
|
|
FNMA #254187 |
|
66,306 |
|
66,019 |
|
|
FNMA #254190 |
|
13,007 |
|
13,022 |
|
|
FNMA #254369 |
|
132,201 |
|
135,253 |
|
|
FNMA #254757 |
|
82,933 |
|
82,079 |
|
|
FNMA #254774 |
|
115,396 |
|
116,342 |
|
|
FNMA #255488 |
|
298,908 |
|
301,651 |
|
|
FNMA #303567 |
|
55,593 |
|
56,063 |
|
|
FNMA #357324 |
|
736,386 |
|
716,443 |
|
|
FNMA #360800 |
|
303,694 |
|
308,746 |
|
|
FNMA #433679 |
|
130,270 |
|
131,944 |
|
|
FNMA #535003 |
|
87,422 |
|
90,871 |
|
|
FNMA #535219 |
|
67,384 |
|
70,860 |
|
|
FNMA #535802 |
|
91,343 |
|
94,942 |
|
|
FNMA #545874 |
|
176,440 |
|
181,847 |
|
|
FNMA #635227 |
|
245,118 |
|
253,779 |
|
|
FNMA #635894 |
|
57,451 |
|
59,473 |
|
|
FNMA #636030 |
|
86,281 |
|
88,923 |
|
|
FNMA #638210 |
|
65,201 |
|
67,501 |
|
|
FNMA #640996 |
|
79,062 |
|
82,819 |
|
|
FNMA #646456 |
|
334,077 |
|
348,630 |
|
|
FNMA #647989 |
|
467,393 |
|
487,753 |
|
|
FNMA #648349 |
|
253,084 |
|
259,343 |
|
|
FNMA #653145 |
|
199,893 |
|
204,836 |
|
|
FNMA ARM #654285 |
|
102,986 |
|
101,038 |
|
|
FNMA #659930 |
|
1,046,568 |
|
1,058,301 |
|
|
FNMA #667787 |
|
168,894 |
|
170,015 |
|
|
FNMA #670891 |
|
270,177 |
|
264,806 |
|
|
FNMA 2002-W4 A3 |
|
4,462 |
|
4,449 |
|
|
FNMA 2002-W10 A3 |
|
20,560 |
|
20,548 |
|
15
|
FNMA 2003-W11 A1 5.3475% 6/25/33 |
|
18,086 |
|
18,250 |
|
|
FNMA #200394 |
|
349,062 |
|
350,277 |
|
|
FHLMC 2617 HD |
|
229,941 |
|
238,427 |
|
|
FNMA 2003-W19-1A6 |
|
575,000 |
|
570,867 |
|
|
FNMA 2003-133 GB |
|
74,053 |
|
78,653 |
|
|
FHLMC_2641 |
|
187,663 |
|
196,348 |
|
|
FNMA 2004-W3 A14 |
|
63,008 |
|
62,762 |
|
|
FNMA 2004-W3 A15 |
|
232,000 |
|
230,994 |
|
|
FNMA 2004-60 PA |
|
327,154 |
|
328,379 |
|
|
FHLMC 2657 NT |
|
130,972 |
|
131,087 |
|
|
FHLMC 2672 NT |
|
379,342 |
|
379,356 |
|
|
FHLMC 2662 DB |
|
134,006 |
|
133,968 |
|
|
FHLMC 2726 AG |
|
113,613 |
|
112,991 |
|
|
FHLMC 2750 DB |
|
415,000 |
|
411,746 |
|
|
FHLMC 2770 ON |
|
462,000 |
|
446,020 |
|
|
FHLMC 2843-BA |
|
212,425 |
|
211,724 |
|
|
FHLMC 2907-AG |
|
278,082 |
|
272,918 |
|
|
FNMA #682229 5.5% 3/1/33 |
|
803,221 |
|
797,565 |
|
|
FNMA #695838 |
|
181,466 |
|
182,877 |
|
|
FNMA #699927 |
|
9,422 |
|
9,501 |
|
|
FNMA #702427 |
|
304,887 |
|
303,318 |
|
|
FNMA #703937 |
|
54,807 |
|
55,171 |
|
|
FNMA #705304 |
|
194,040 |
|
191,127 |
|
|
FNMA #720399 |
|
245,769 |
|
247,735 |
|
|
FNMA #720422 |
|
133,224 |
|
134,307 |
|
|
FNMA #725033 |
|
690,579 |
|
696,408 |
|
|
FNMA #725090 |
|
190,724 |
|
184,287 |
|
|
FNMA #725284 |
|
198,296 |
|
206,079 |
|
|
FNMA #725815 |
|
497,362 |
|
502,555 |
|
|
FNMA #735057 |
|
390,446 |
|
380,808 |
|
|
FNMA ARM#735160 |
|
155,746 |
|
153,631 |
|
|
FNMA #740843 |
|
138,329 |
|
137,090 |
|
|
FNMA #741897 |
|
261,928 |
|
254,704 |
|
|
FNMA #745176 |
|
180,320 |
|
178,517 |
|
|
FNMA #747019 |
|
132,797 |
|
131,974 |
|
|
FNMA #754297 |
|
106,845 |
|
104,343 |
|
|
FNMA #759123 |
|
170,659 |
|
168,278 |
|
|
FNMA #761141 |
|
662,569 |
|
656,433 |
|
|
FNMA #762232 |
|
198,750 |
|
197,500 |
|
|
FNMA #764082 |
|
236,334 |
|
235,905 |
|
|
FNMA #764156 |
|
194,866 |
|
190,760 |
|
|
FNMA #780582 |
|
260,197 |
|
257,405 |
|
|
FNMA ARM #786628 |
|
147,282 |
|
147,861 |
|
|
FNMA ARM #790382 |
|
188,085 |
|
188,029 |
|
|
FNMA ARM #791961 |
|
294,441 |
|
288,730 |
|
|
FNMA #794787 |
|
248,365 |
|
246,115 |
|
|
FNMA #797168 ARM |
|
267,789 |
|
265,797 |
|
16
|
FNMA ARM #799769 |
|
187,831 |
|
186,648 |
|
|
FNMA ARM #801344 |
|
204,280 |
|
202,117 |
|
|
FNMA #220925.5% 9/1/34 |
|
431,143 |
|
427,981 |
|
|
FNMA #809216 |
|
166,182 |
|
165,541 |
|
|
FNMA #809534 5.09% 2/01/35 |
|
298,135 |
|
297,184 |
|
|
FNMA ARM #813570 |
|
217,684 |
|
215,013 |
|
|
FNMA ARM #815264 |
|
399,755 |
|
399,374 |
|
|
FNMA 10/1 HYBRID ARM 5.1% 8/1/35 |
|
537,834 |
|
527,104 |
|
|
FNMA ARM #820545 |
|
449,858 |
|
441,797 |
|
|
FNMA #821378 5.033% 5/1/35 |
|
354,876 |
|
355,003 |
|
|
FNMA ARM #826908 |
|
472,306 |
|
466,743 |
|
|
FNMA #844705 |
|
690,378 |
|
695,487 |
|
|
FNMA #845382 |
|
700,000 |
|
717,941 |
|
|
FNMA #848065 |
|
819,581 |
|
811,385 |
|
|
VENDEE 2003-2 D |
|
205,000 |
|
205,205 |
|
|
U.S. TREASURY BOND 6.25% 8/15/23 |
|
693,000 |
|
827,540 |
|
|
U.S. TREASURY BOND 6.00 |
|
2,045,000 |
|
2,411,503 |
|
|
U.S. T-BOND 3.375% 2/15/08 |
|
1,078,000 |
|
1,055,808 |
|
|
U.S. T-NOTE 5/15/15 |
|
66,000 |
|
64,554 |
|
|
U.S. T-NOTE 3.625% 6/30/07 |
|
4,122,000 |
|
4,074,984 |
|
|
U.S. T-NOTE 3.875% 9/15/10 |
|
890,000 |
|
871,470 |
|
|
U.S. T-NOTE 4.375% 12/15/10 |
|
900,000 |
|
900,705 |
|
|
|
|
|
|
|
|
|
Corporate Debt Instruments: |
|
|
|
|
|
|
FHLMC |
|
825,000 |
|
819,059 |
|
|
FHLMC CMO 6.085% 9/25/29 |
|
258,399 |
|
260,287 |
|
|
FEDERAL HOME LOAN BANK |
|
2,640,000 |
|
2,633,590 |
|
|
FNMA 2003-W18 1A5 |
|
246,000 |
|
244,713 |
|
|
FNMA 2004-W10 A23 |
|
324,000 |
|
324,476 |
|
|
|
|
|
|
|
|
|
Wrappers and Accrued Income: |
|
|
|
|
|
|
Synthetic Accrued Income |
|
|
|
499,804 |
|
|
AIG Wrapper |
|
|
|
28,195 |
|
|
Bank of America Wrapper |
|
|
|
40,553 |
|
|
IXIS Wrapper |
|
|
|
(499 |
) |
|
JP Morgan Chase Wrapper |
|
|
|
(54,213 |
) |
|
Met Life Wrapper |
|
|
|
33,485 |
|
|
Monumental II Wrapper |
|
|
|
(10,315 |
) |
|
Monumental V Wrapper |
|
|
|
15,549 |
|
|
Pacific Life Wrapper |
|
|
|
97,950 |
|
|
Rabobank Wrapper |
|
|
|
1,183 |
|
|
RBC I Wrapper |
|
|
|
4,466 |
|
|
RBC II Wrapper |
|
|
|
(85,150 |
) |
|
State Street Wrapper |
|
|
|
3,345 |
|
|
UBS Wrapper |
|
|
|
24,840 |
|
|
|
|
|
|
|
|
|
Total Income Fund |
|
|
|
87,448,302 |
|
17
|
Loans to Participants * |
|
|
|
|
|
|
|
Various, 4.00% — 9.5%, due 12/05 — 10/35 |
|
|
|
18,396,644 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
779,876,040 |
|
* Indicates party-in-interest
18
THE PLAN. Pursuant to the requirements of the Securities Exchange Act of 1934, the Employee Benefits Administration Committee has duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.
|
|
|
AMERIPRISE FINANCIAL 401(k) PLAN |
|
|
By |
/s/ Michelle Rudlong |
|
|
|
Michelle Rudlong |
|
|
|
Delegate |
|
|
|
Employee Benefits Administration Committee |
Date: June 20, 2006
19
|
Exhibit |
|
Description |
|
23.1 |
|
Consent of Independent Registered Public Accounting Firm. |
20