UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
FORM 11-K
ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
þ | ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED] |
FOR THE FISCAL YEAR ENDED DECEMBER 31, 2005
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 1-12001
ALLEGHENY TECHNOLOGIES
RETIREMENT SAVINGS PLAN
ALLEGHENY TECHNOLOGIES INCORPORATED
1000 Six PPG Place, Pittsburgh, Pennsylvania 15222-5479
1 | ||||||||
Audited Financial Statements |
||||||||
2 | ||||||||
3 | ||||||||
4 | ||||||||
Supplemental Schedule |
||||||||
12 | ||||||||
EX-23.1 |
December 31 | ||||||||
2005 | 2004 | |||||||
Investments: |
||||||||
Interest in Allegheny Master Trust |
$ | 149,610,476 | $ | 150,958,227 | ||||
Interest in registered investment companies |
90,006,536 | 72,353,735 | ||||||
Corporate common stocks |
18,616,407 | 14,558,530 | ||||||
Participant loans |
2,704,914 | 2,841,346 | ||||||
Interest in common collective trusts |
210,363 | | ||||||
Interest
bearing cash |
11,193 | 77,489 | ||||||
Total investments |
261,159,889 | 240,789,327 | ||||||
Employer contribution receivable |
330,358 | 9,300 | ||||||
Employee contributions receivable |
211,767 | 17,290 | ||||||
Other payables, net |
(7,481 | ) | (1,862 | ) | ||||
Net assets available for benefits |
$ | 261,694,533 | $ | 240,814,055 | ||||
2
Years Ended December 31 | ||||||||
2005 | 2004 | |||||||
Contributions: |
||||||||
Employer |
$ | 7,204,742 | $ | 6,392,805 | ||||
Employee |
6,723,272 | 5,009,391 | ||||||
Total contributions |
13,928,014 | 11,402,196 | ||||||
Investment income: |
||||||||
Net gain from interest in Allegheny Master Trust |
8,489,872 | 10,116,374 | ||||||
Net gain from interest in registered investment
companies |
7,263,606 | 8,171,954 | ||||||
Net realized/unrealized gain on corporate common
stocks |
9,188,964 | 6,505,273 | ||||||
Dividend income |
167,817 | 173,971 | ||||||
Interest income |
148,218 | 143,140 | ||||||
Net gain from interest in common collective trusts |
2,667 | 742 | ||||||
Other (expense) income |
(79,478 | ) | 44,000 | |||||
Total investment income |
25,181,666 | 25,155,454 | ||||||
39,109,680 | 36,557,650 | |||||||
Distributions to participants |
(18,219,878 | ) | (23,969,348 | ) | ||||
Administrative expenses and other, net |
(9,324 | ) | (5,141 | ) | ||||
(18,229,202 | ) | (23,974,489 | ) | |||||
Net increase in net assets available for benefits |
20,880,478 | 12,583,161 | ||||||
Net assets available for benefits at beginning of year |
240,814,055 | 228,230,894 | ||||||
Net assets available for benefits at end of year |
$ | 261,694,533 | $ | 240,814,055 | ||||
3
4
5
December 31 | ||||||||
2005 | 2004 | |||||||
Standish Fixed Income Fund |
$ | 102,819,541 | $ | 100,151,127 | ||||
Alliance Capital Growth Pool |
27,326,945 | 26,634,265 | ||||||
Oakmark Balanced Fund |
22,283,555 | 19,881,038 | ||||||
T. Rowe Price Structured Research Common Trust
Fund |
19,463,990 | 24,172,835 | ||||||
Allegheny Technologies Incorporated common stock |
18,616,407 | 14,558,530 | ||||||
Dreyfus Emerging Leaders Fund |
16,308,754 | 16,975,167 |
6
2005 | 2004 | |||||||
Alliance Capital Growth Pool |
68.72 | % | 69.86 | % | ||||
Standish Fixed Income Fund |
48.33 | 50.36 | ||||||
T. Rowe Price Structured Research Common Trust Fund |
29.37 | 32.66 |
2005 | 2004 | |||||||
Guaranteed investment contracts: |
||||||||
Canada Life |
$ | | $ | 1,371,538 | ||||
GE Life and Annuity |
5,423,371 | 8,735,242 | ||||||
Hartford Life Insurance Company |
3,957,897 | 8,250,446 | ||||||
John Hancock Life Insurance Company |
3,007,848 | 4,670,166 | ||||||
Monumental Life Insurance Company |
1,017,237 | 1,017,190 | ||||||
New York Life Insurance Company |
4,678,585 | 6,769,166 | ||||||
Ohio National Life |
1,994,712 | 2,687,551 | ||||||
Pacific Mutual Life Insurance Company |
| 5,061,507 | ||||||
Principal Life |
1,302,255 | 1,243,795 | ||||||
Pruco Pace Credit Enhanced |
3,699,594 | 7,132,148 | ||||||
Security Life of Denver |
1,511,089 | 5,972,064 | ||||||
United of Omaha |
1,415,656 | 2,929,738 | ||||||
28,008,244 | 55,840,551 | |||||||
Synthetic guaranteed investment contracts: |
||||||||
State Street Bank |
15,346,138 | | ||||||
MDA Monumental BGI Wrap |
44,677,978 | 36,520,489 | ||||||
Bank of America |
33,678,591 | 33,366,628 | ||||||
Rabobank |
41,850,313 | 37,879,291 | ||||||
Union Bank of Switzerland |
36,377,616 | 25,166,696 | ||||||
171,930,636 | 132,933,104 | |||||||
Interest in common collective trusts |
12,085,541 | 9,386,961 | ||||||
Other |
746,684 | 670,702 | ||||||
Total net assets |
$ | 212,771,105 | $ | 198,831,318 | ||||
7
2005 | 2004 | |||||||
Investment in pooled separate accounts: |
||||||||
Alliance Equity Fund S.A. #4 |
$ | 39,779,750 | $ | 38,135,320 | ||||
Operating payables |
(11,734 | ) | (11,230 | ) | ||||
Total net assets |
$ | 39,768,016 | $ | 38,124,090 | ||||
8
2005 | 2004 | |||||||
Investment in common collective trusts |
$ | 66,391,950 | $ | 71,478 | ||||
Corporate common stocks |
| 72,955,300 | ||||||
Receivables |
| 1,085,015 | ||||||
Payables |
(126,421 | ) | (97,126 | ) | ||||
Total net assets |
$ | 66,265,529 | $ | 74,014,667 | ||||
T. Rowe Price Structured Research | ||||||||||||||||||||||||
Standish Fixed Income Fund | Alliance Capital Growth Pool | Common Trust Fund | ||||||||||||||||||||||
Years Ended December 31 | ||||||||||||||||||||||||
2005 | 2004 | 2005 | 2004 | 2005 | 2004 | |||||||||||||||||||
Investment income (loss): |
||||||||||||||||||||||||
Interest income |
$ | 9,077,315 | $ | 9,236,594 | $ | | $ | | $ | | $ | | ||||||||||||
Net
realized/unrealized
gain (loss) on
corporate common
stocks |
(543 | ) | (1,358 | ) | (1 | ) | | (1,585,846 | ) | 4,352,382 | ||||||||||||||
Dividends |
| | | | 427,913 | 1,368,881 | ||||||||||||||||||
Net loss, registered
investment companies |
(7,739 | ) | | | | | | |||||||||||||||||
Net gain, pooled
separate accounts |
| | 4,438,949 | 5,432,718 | | | ||||||||||||||||||
Net gain, common
collective trusts |
443,616 | 122,717 | | | 4,781,495 | 8,488 | ||||||||||||||||||
Administrative expenses |
(254,334 | ) | (240,688 | ) | (129,310 | ) | (128,988 | ) | (461,975 | ) | (551,752 | ) | ||||||||||||
Transfers |
4,681,472 | (1,892,602 | ) | (2,665,712 | ) | (2,835,451 | ) | (10,910,725 | ) | (9,000,958 | ) | |||||||||||||
Net increase (decrease) |
13,939,787 | 7,224,663 | 1,643,926 | 2,468,279 | (7,749,138 | ) | (3,822,959 | ) | ||||||||||||||||
Total net assets at
beginning of year |
198,831,318 | 191,606,655 | 38,124,090 | 35,655,811 | 74,014,667 | 77,837,626 | ||||||||||||||||||
Total net assets at
end of year |
$ | 212,771,105 | $ | 198,831,318 | $ | 39,768,016 | $ | 38,124,090 | $ | 66,265,529 | $ | 74,014,667 | ||||||||||||
9
10
December 31 | ||||||||
2005 | 2004 | |||||||
Net assets available for benefits per the
financial statements |
$ | 261,694,533 | $ | 240,814,055 | ||||
Deemed distribution of benefits to participants |
(42,340 | ) | (46,365 | ) | ||||
Net assets available for benefits per the Form 5500 |
$ | 261,652,193 | $ | 240,767,690 | ||||
Benefits paid to participants per the financial statements |
$ | 18,219,878 | ||
Add: Amounts allocated on Form 5500 to deemed distributions
for the year ended December 31, 2005 |
42,340 | |||
Subtract: Amounts allocated on Form 5500 to deemed
distributions for the year ended December 31, 2004 |
(46,365 | ) | ||
Benefits paid to participants per the Form 5500 |
$ | 18,215,853 | ||
11
Description | Units/Shares | Current Value | ||||||
Registered Investment Companies |
||||||||
Artisan Midcap Funds |
120,945.9500 | $ | 3,739,649 | |||||
Dreyfus Appreciation Fund* |
24,660.9870 | 980,274 | ||||||
Dreyfus Bond Market Index* |
274,442.2010 | 2,763,633 | ||||||
Hartford Midcap Fund |
217,352.5130 | 6,244,538 | ||||||
Lord, Abbett Midcap Funds |
272,207.9210 | 6,100,180 | ||||||
Dreyfus Emerging Leaders Fd* |
393,836.1290 | 16,308,754 | ||||||
MFS Value Fund |
141,610.9460 | 3,278,293 | ||||||
Dreyfus Premier Intl Value Fd* |
447,583.2660 | 8,320,573 | ||||||
Morgan Stanley Small Growth Fund |
331,893.924 | 4,274,794 | ||||||
Allianz NFJ Small Cap Value Funds |
222,602.9440 | 6,437,677 | ||||||
Oakmark Balanced Fund |
892,055.8320 | 22,283,555 | ||||||
Prudential Invt Portfolios Inc Jennison Growth Fd |
145,705.4650 | 2,358,971 | ||||||
83,090,891 | ||||||||
Self-directed accounts |
||||||||
AIM Global Health Care Fund |
3,186.2780 | 96,002 | ||||||
AIM Equity Fds Inc Blue Chip Fund |
1,225.8210 | 14,759 | ||||||
AIM Invesco Energy Fund |
1,760.3520 | 71,488 | ||||||
AIM Technology Fd |
98.7900 | 2,559 | ||||||
Alliance Bernstein Technology Fd |
158.2940 | 8,524 | ||||||
American Advantage Large Cap Value Fund |
753.2260 | 15,019 | ||||||
American
Centy Quantitive Eq Fds Growth Fund Inc |
1,789.8440 | 41,829 | ||||||
American
Century Cap Equity Income Fund |
8,756.3430 | 68,475 | ||||||
America Centy Mut Fds Ultra Twentieth Centy Ultra Fd |
353.1060 | 10,625 | ||||||
Ariel Growth Fd Calvert Ariel Appreciation Fd |
406.5400 | 18,993 | ||||||
Blackrock
Fds Mid Cap Value Eqty Portfolio |
3.7950 | 44 | ||||||
CGM Tr Rlty Fund |
1,065.3090 | 28,966 | ||||||
CGM Tr Focus Fund |
208.4900 | 6,966 | ||||||
Dodge & Cox Stock Fund |
26.3400 | 3,614 | ||||||
Dreyfus 100% US Treas MM Fd* |
222,552.0800 | 222,552 | ||||||
Dreyfus Invt Grade Bd Fds Inter Term Fd* |
803.5440 | 10,084 | ||||||
Dreyfus/Laurel Fds Inc Disciplined Stk Fd* |
226.7950 | 7,650 | ||||||
Dreyfus/Laurel Fds Inc S&P 500 Stk Index Fd* |
9,418.5210 | 244,034 | ||||||
Dreyfus Midcap Value Fd* |
248.4750 | 7,874 | ||||||
Dreyfus Growth & Value Fds Premier Techn Growth Fd* |
682.4940 | 16,769 | ||||||
Dreyfus Technology Growth Fd* |
3,495.1640 | 83,604 | ||||||
Dreyfus Premier Emerging Mkts Fd* |
8,030.2870 | 173,615 | ||||||
Dreyfus
Premier Micro Cap Growth Fund* |
1,220.6510 | 27,587 | ||||||
Eaton Vance Growth Tr Worldwide Health Sciences Fd |
1,401.0900 | 16,084 |
12
Description | Units/Shares | Current Value | ||||||
Excelsior
Funds Energy & Nat Res Fund |
639.4720 | 15,366 | ||||||
FBR Family
Funds Small Cap Value |
29.2330 | 1,230 | ||||||
Federated Equity Kaufmann Fd |
32,023.6460 | 179,332 | ||||||
Federated Equity Tech Fd |
1,402.2790 | 7,600 | ||||||
Fidelity Invt Tr Japan Small Co Fd |
1,221.0420 | 20,538 | ||||||
Fidelity Invt Tr Diversified Intl Fd |
245.4380 | 7,987 | ||||||
Fidelity Invt Tr Latin Amer Fd |
518.1230 | 16,570 | ||||||
Fidelity Commonwealth Small Cap Stk Fd |
1,958.2900 | 40,106 | ||||||
Fidelity Finl Tr Equity Income II Fund |
1,179.2890 | 26,959 | ||||||
Fidelity Mt Vernon Str Tr Growth Co Fd |
289.1680 | 18,400 | ||||||
Fidelity Mt Vernon Str tr Growth Co Fd |
104.3900 | 1,858 | ||||||
Fidelity Secs Fd Dividend Growth Fd |
1,476.4860 | 42,508 | ||||||
Fidelity Select Portfolios Technology Portfolio |
996.7670 | 62,946 | ||||||
Fidelity Select Portfolios Health Care Portfolio |
119.2230 | 16,225 | ||||||
Fidelity Select Portfolios Nat Gas Portfolio |
389.6860 | 15,128 | ||||||
Fidelity Select Portfolios Developing Commnts Portfolio |
682.7420 | 13,662 | ||||||
Fidelity Select Portfolios Biotechnology Portfolio |
123.4440 | 7,740 | ||||||
Fidelity Select Portfolios American Gold Portfolio |
830.8130 | 27,616 | ||||||
Fidelity Select Portfolios Software & Computer Svcs Portfolio |
687.2980 | 36,076 | ||||||
Fidelity Select Portfolios Brokerage & Inv Mgmt Portfolio |
789.8820 | 54,462 | ||||||
Fidelity Select Portfolios Ele Portfolio |
3,276.6590 | 143,288 | ||||||
Fidelity Select Portfolios Computers Portfolio |
3,197.3390 | 115,360 | ||||||
First Eagle Overseas Fund |
2,471.9880 | 56,955 | ||||||
Firsthand Fds Technology Value Fd |
238.0860 | 7,885 | ||||||
Franklin Invs Secs Conv Secs Fd |
158.9880 | 2,568 | ||||||
Gabelli Gold Fund |
744.3280 | 15,482 | ||||||
Gabelli Intl Growth Fd |
1,722.7510 | 35,540 | ||||||
Gabelli Global Growth Fd AAA |
240.5950 | 4,915 | ||||||
Gabelli Global Ser Fds Conv Secs Fd |
786.1850 | 4,890 | ||||||
Gabelli Growth Fd Sh Ben Int |
1,625.2920 | 46,825 | ||||||
Growth Fd Amer Inc |
278.2970 | 8,335 | ||||||
Harbor Fd Bd Fd |
660.1970 | 7,671 | ||||||
Harding Loevner Fds Emerging Markets Portfolio |
455.9210 | 15,861 | ||||||
Icon Fds Energy Fund |
481.8330 | 15,395 | ||||||
ING Mut Fds Russia Fund |
1,054.8980 | 41,384 | ||||||
Investment
Co Amer Class B |
443.2470 | 13,847 | ||||||
Janus Invt Fd Sh Ben Int |
1,979.9460 | 50,548 | ||||||
Janus Invt Fd Growth & Income Fd |
3,266.7280 | 117,635 | ||||||
Janus Invt Fd Worldwide Fd |
1,607.3100 | 69,661 | ||||||
Janus Invt Fd Twenty Fd |
1,068.0730 | 52,250 | ||||||
Janus Invt Fd Mid Cap Value Fd |
1,103.8130 | 24,637 | ||||||
Janus Invt Fd Global Value Fd |
1,523.5290 | 22,411 | ||||||
Janus Invt Fd Orion Fd |
1,881.7340 | 15,675 |
13
Description | Units/Shares | Current Value | ||||||
Janus Invt Fd Contrarian Fund |
10,082.5890 | 152,650 | ||||||
Janus Invt Fd Global Tech Fd |
3,219.7150 | 38,315 | ||||||
Janus Invt Fd Global Life Sciences Fd |
1,489.7850 | 29,870 | ||||||
Janus Invt Fd Olympus Fd |
6,019.6490 | 196,782 | ||||||
Janus Invt Fd Enterprise Fd |
2,498.3260 | 104,705 | ||||||
Janus Invt Fd Mercury Fd |
5,610.8300 | 128,937 | ||||||
Jennison Sector Fds Health Sciences Fd |
833.6950 | 17,308 | ||||||
Lazard Fds Emerging Mkts Portfolio Retail |
371.0980 | 6,676 | ||||||
Loomis
Sayles Funds 1 Bond Fund Retail |
1,694.2080 | 22,923 | ||||||
Lord Abbett Mid Cap Value Fd, Class B |
322.7520 | 6,988 | ||||||
MFS Mid Cap Growth A |
1,790.3260 | 16,435 | ||||||
Marsico Invt Fd Growth & Income Fd |
1,136.3640 | 21,420 | ||||||
Masters Select Fds Intl Fd |
1,155.9040 | 20,205 | ||||||
Matthews Intl Fds Dragon Centy China Fd |
362.1450 | 5,345 | ||||||
Matthews Inc Fds Korea Fd |
2,339.2140 | 14,901 | ||||||
Meridian Fd |
216.1990 | 7,906 | ||||||
New Perspective Fd |
613.3540 | 17,560 | ||||||
Oberwies Fds Micro-Cap Portfolio |
892.9610 | 15,457 | ||||||
PBHG Fds Emerging Growth Fund |
3.4510 | 50 | ||||||
PBGH Fds Technology & Communications Fd |
935.1580 | 11,689 | ||||||
Pimco Fds Pac Invt Mgmt Ser Total Return Fd |
181,375.9940 | 1,904,448 | ||||||
Park Ave Portfolio Guardian Fd |
1,472.7650 | 47,511 | ||||||
Price T Rowe
Health Sciences Fd* |
523.0070 | 13,112 | ||||||
Profounds Short Small Cap Inv |
2,497.3990 | 47,575 | ||||||
Profounds Short Real Estate Profound Investor |
499.8330 | 15,005 | ||||||
Profounds Ultra Japan Profound Invs |
242.2540 | 15,659 | ||||||
RS Invt Tr Emerging Growth Fd |
2,795.5960 | 91,081 | ||||||
RS Invt Tr Global Natural Rfs Fd |
2,887.6790 | 94,283 | ||||||
Rowe T Price
Appreciation Fd Sh Ben Int* |
3,945.4150 | 79,145 | ||||||
Rowe T Price
Mid Cap Growth Fd* |
366.8130 | 19,859 | ||||||
Rowe Price
New Era Fd* |
235.3680 | 9,633 | ||||||
Rowe T Price
Science & Tech Fd Inc Cap Stk* |
3,170.6670 | 62,050 | ||||||
Rowe T Price
Small-Cap Value Fd Inc Cap Stk* |
829.5670 | 30,619 | ||||||
Rowe T Price
Real Estate Fd* |
667.3560 | 13,007 | ||||||
Royce Fd Opporunity Fd |
107.0760 | 1,316 | ||||||
Royce Spl Equity Fund |
693.9340 | 12,977 | ||||||
Royce Fd Pennsylvania Mutual Fd |
713.6090 | 7,693 | ||||||
Ryder Ser Tr Dynamic Velocity 100 Fd |
581.2700 | 12,736 | ||||||
Rydex Ser Tr Arktos Fd |
1,647.3680 | 36,802 | ||||||
Scudder Invts Morgan Grenfell Invt Tr High Inc Plus Fd |
2,028.7960 | 15,419 | ||||||
Scudder Technology Fd Sh Ben Int |
2,214.1820 | 25,840 | ||||||
Selected Amern Shs |
605.0850 | 24,349 | ||||||
Stratton Growth Fund |
657.3210 | 29,152 | ||||||
Thrd Ave Tr Formerly Third Ave to 3/17/97 Real Estate Val |
408.2810 | 11,987 | ||||||
US Global Accolade Fds Regent Eastern European Fd |
326.9410 | 12,914 |
14
Description | Units/Shares | Current Value | ||||||
US Global Investors Global Resources Fund |
1,103.2880 | 15,766 | ||||||
Vanguard Equity Income Fd |
604.0300 | 13,766 | ||||||
Vanguard Fenway Fds Primecap Core Fd |
2,111.4790 | 24,092 | ||||||
Vanguard Wellington Fd |
1,955.6630 | 59,354 | ||||||
Vanguard Windsor Fd II |
2,894.1210 | 90,673 | ||||||
Vanguard Horizon Fds Strategic Equity Fd |
735.3750 | 16,127 | ||||||
Vanguard Index Tr 500 Portfolio |
701.1090 | 80,571 | ||||||
Vanguard Index Tr Value Portfolio |
1,813.3160 | 40,419 | ||||||
Vanguard Index Tr Growth Portfolio |
218.8380 | 6,027 | ||||||
Vanguard Index Tr Small Capitalization Stk Fd |
1,201.0450 | 34,254 | ||||||
Vanguard Index Tr Mid Capitalization Stk Port Inv Sh |
1,738.5990 | 30,652 | ||||||
Vanguard Specialized Portfolio Energy Portfolio |
1,194.4370 | 66,948 | ||||||
Vanguard Specialized Portfolio Gold & Precious |
610.5690 | 14,165 | ||||||
Vanguard Specialized Portfolio Health Care |
226.1760 | 31,540 | ||||||
Wasatch Fds Inc Heritage Growth Fund |
1,012.6500 | 11,483 | ||||||
Washington Mut Invs Fd Inc Cl B |
443.3320 | 13,601 | ||||||
Wells Fargo Fds Tr Advantage Discovery Fd |
3,183.0040 | 65,156 | ||||||
Wells Fargo Fds Advantage Growth Fd |
533.0470 | 11,242 | ||||||
Wells Fargo Fds Tr Advantage Dividend Income Fd |
7,454.9350 | 120,472 | ||||||
6,915,645 | ||||||||
Total registered investment companies |
$ | 90,006,536 | ||||||
Corporate Common Stocks |
||||||||
Allegheny Technologies Incorporated* |
515,975.8130 | $ | 18,616,407 | |||||
Participant
loans* (5.0% to 10.5%, with maturities
through 2019) |
$ | 2,704,914 | ||||||
Common Collective Trusts |
||||||||
Dreyfus-Short Term Investment Fund* |
210,363.2600 | $ | 210,363 | |||||
Interest
bearing cash |
$ | 11,193 | ||||||
* | Party-in-interest |
15
ALLEGHENY
TECHNOLOGIES INCORPORATED ALLEGHENY TECHNOLOGIES RETIREMENT SAVINGS PLAN |
||||||
Date:
June 26, 2006
|
By: | /s/ Richard J. Harshman
|
||||
Executive Vice President-Finance and | ||||||
Chief Financial Officer | ||||||
(Principal Financial Officer and Duly | ||||||
Authorized Officer) |