-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, F8Rf60uOC3/Rn9H2qV01KGdALp26M9S4y+NeuR+BMZJyyd2Tq58DylyLcV5fFQ9u R7xW3VrmD1OI/BgWfeWXJg== 0000912057-95-004612.txt : 19950615 0000912057-95-004612.hdr.sgml : 19950615 ACCESSION NUMBER: 0000912057-95-004612 CONFORMED SUBMISSION TYPE: 11-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19941231 FILED AS OF DATE: 19950614 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: TJ INTERNATIONAL INC CENTRAL INDEX KEY: 0000099974 STANDARD INDUSTRIAL CLASSIFICATION: MILLWOOD, VENEER, PLYWOOD & STRUCTURAL WOOD MEMBERS [2430] IRS NUMBER: 820250992 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 11-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-07469 FILM NUMBER: 95547055 BUSINESS ADDRESS: STREET 1: 380 E PARK CTR BLVD STE 300 CITY: BOISE STATE: ID ZIP: 83706 BUSINESS PHONE: 2083458500 MAIL ADDRESS: STREET 1: 380 E PARKER CTR BLVD STREET 2: SUITE 300 CITY: BOISE STATE: ID ZIP: 83706 FORMER COMPANY: FORMER CONFORMED NAME: TRUS JOIST CORP DATE OF NAME CHANGE: 19880927 11-K 1 FORM 11-K 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 [FEE REQUIRED] For the fiscal year ended December 31, 1994 or [ ] 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 0-7469 A. Full title of the plan and the address of the plan, if different from that of the issuer named below: TJ INTERNATIONAL, INC. PENSION & PROFIT SHARING PLAN B. Name of issuer of the securities held pursuant to the plan and the address of its principal executive office: TJ INTERNATIONAL, INC. 200 E. Mallard Drive P. O. Box 65 Boise, Idaho 83707 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the employee benefit plan) have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized. TJ International, Inc. Pension & Profit Sharing Plan ------------------------------------- (Name of Plan) Date: May 18, 1995 /s/ Valerie A. Heusinkveld ------------------------------------- (Signature) Valerie A. Heusinkveld Committee Member Pension & Profit Sharing Plan Administrative Committee REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS To the Administrative Committee of the TJ International, Inc. Pension & Profit Sharing Plan: We have audited the accompanying statements of net assets available for plan benefits of the TJ International, Inc. Pension & Profit Sharing Plan (the Plan) as of December 31, 1994 and 1993 and the related statements of changes in net assets available for plan benefits for the years then ended. These financial statements and the schedules referred to below are the responsibility of TJ International, Inc.'s management. Our responsibility is to express an opinion on these financial statements and schedules based on our audits. We conducted our audits in accordance with generally accepted auditing standards. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide 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 plan benefits of the Plan as of December 31, 1994 and 1993 and the changes in its net assets available for plan benefits for the years then ended in conformity with generally accepted accounting principles. Our audits were made for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental schedules 3 and 4 are presented for purposes of additional analysis and are not a required part of the basic financial statements but are supplementary information required by the Department of Labor Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. The supplemental schedules have been subjected to the auditing procedures applied in the audits of the basic financial statements and, in our opinion, are fairly stated, in all material respects, in relation to the basic financial statements taken as a whole. ARTHUR ANDERSEN LLP Boise, Idaho April 14, 1995 TJ INTERNATIONAL, INC. PENSION & PROFIT SHARING PLAN STATEMENTS OF NET ASSETS AVAILABLE FOR PLAN BENEFITS
December 31, -------------------------- ASSETS 1994 1993 ----------- ----------- Investments, at current value $75,344,242 $76,658,492 Cash and cash equivalents 2,918,742 2,391,066 Receivables: Employer contributions 1,209,012 1,071,258 Employee contributions 429,173 413,977 Interest and dividends 48,690 33,309 ----------- ----------- 79,949,859 80,568,102 ----------- ----------- LIABILITIES Accrued management fees 106,919 107,174 Other accounts payable 2,187,998 1,799,981 ----------- ----------- 2,294,917 1,907,155 ----------- ----------- NET ASSETS AVAILABLE FOR PLAN BENEFITS $77,654,942 $78,660,947 ----------- ----------- ----------- -----------
The accompanying notes and Supplemental Schedules 1 and 2 are an integral part of these financial statements. TJ INTERNATIONAL, INC. PENSION & PROFIT SHARING PLAN STATEMENTS OF CHANGES IN NET ASSETS AVAILABLE FOR PLAN BENEFITS
For the Years Ended December 31, --------------------------- 1994 1993 ----------- ----------- Investment income: Interest income $ 1,207,021 $ 1,191,281 Dividend income 162,307 108,645 Management fees and other (449,224) (420,128) ----------- ----------- 920,104 879,798 ----------- ----------- Gain on disposition of investments, net 1,297,420 1,224,122 Unrealized appreciation (depreciation) of investments, net (9,822,435) 13,515,374 Contributions: Employee 6,039,003 4,831,067 Employer 3,454,531 2,416,204 ----------- ----------- 9,493,534 7,247,271 ----------- ----------- Total additions 1,888,623 22,866,565 Plan benefit claims distributed during the year (3,266,688) (1,969,747) Plan transfers and merger 372,060 65,432 ----------- ----------- Net increase (decrease) during the year (1,006,005) 20,962,250 Net assets available for plan benefits, beginning of year 78,660,947 57,698,697 ----------- ----------- Net assets available for plan benefits, end of year $77,654,942 $78,660,947 ----------- ----------- ----------- -----------
The accompanying notes and Supplemental Schedules 1 and 2 are an integral part of these financial statements. TJ INTERNATIONAL, INC. PENSION & PROFIT SHARING PLAN NOTES TO FINANCIAL STATEMENTS 1. PLAN DESCRIPTION: The TJ International, Inc. Pension & Profit Sharing Plan (the Plan) is a defined contribution plan sponsored by TJ International, Inc. (the Company). The Plan is administered by an Administrative Committee (the Committee) appointed by the Company's Board of Directors. Substantially all eligible employees are participants in the Plan. The following accounts are maintained by fund for each participant: - - An elective contribution account consisting of participant contributions in selected amounts between 2% to 15% of their compensation, limited to a maximum contribution as set by the Internal Revenue Service. - - A company matching account to which the Company makes a matching contribution equal to 100% of the first 2% and 50% of the next 2% contributed to the elective contribution account. - - A profit sharing account consisting of an annual Company contribution which is determined by a formula based on the Company's annual net income with certain discretionary powers exercisable by the Company's Board of Directors. This contribution, as well as any forfeitures, is allocated using a formula based on participants' annual earnings and years of Plan participation. - - An employee pre-1973 after tax contribution account consisting of participants' contributions made to the Plan prior to 1973. Contributions are credited to the participants' accounts as payrolls are processed throughout the year or annually, as appropriate. The Company profit sharing and company matching accounts are subject to vesting provisions of the Plan as described in Note 5. Participants are always fully vested in their elective contribution and pre-1973 after tax contribution account balances. Effective January 1, 1995, the Company's Board of Directors amended the Plan to allow participants to borrow against their individual account balance and increased the Company's matching contributions to the Plan. For the Plan year beginning after January 1, 1995, the Company will make a matching contribution equal to 100% of the first 2% and 50% of the next 4% contributed to the elective contribution account. The Company's maximum matching contribution will be 4% of an employee's compensation. The assets of the Plan are held in trust (the Trust) by West One Bank (the Trustee), Columbia Trust Company and U.S. Trust Company (custodians). Earnings or losses on the investments held by the Trust are allocated to the participants' accounts based on the beginning-of-quarter balances. The Plan's investment managers have discretionary authority to apportion funds deposited under their contracts among various investments in the manner they believe to be consistent with the Committee's Plan investment objectives. Additionally, certain investment criteria to be followed by the Trustee and custodians regarding the temporary investment of assets has been established by the Committee. Each investment manager's performance is periodically reviewed and evaluated by the Committee. Substantially all expenses of administration of the Plan, except for custodial fees, brokerage fees, management fees, taxes on security transactions and fifty percent of the employee record keeping fees, are paid by the Company. The Plan obtained its latest determination letter on July 3, 1986, in which the Internal Revenue Service (IRS) stated that the Plan, as then designated, was in compliance with the applicable requirements of the Internal Revenue Code. In 1994, the Plan was amended in order to, among other things, comply with certain requirements of the Tax Reform Act of 1986, as amended. The plan administrator filed for a new determination letter on March 16, 1995. The plan administrator and the Plan's tax counsel believe that the Plan is currently designed and being operated in compliance with the applicable requirements of the Internal Revenue Code. Therefore, they believe that the Plan is qualified and the Trust is tax exempt as of the financial statement date. On August 26, 1993, the Company's Board of Directors declared a two-for-one stock split in the form of a 100% stock dividend. On October 1, 1993, one share of common stock was issued for each share outstanding as of September 7, 1993. All 1993 share information included in these financial statements and notes is based on the increased number of shares of common stock after giving retroactive effect to the stock split. 2. SIGNIFICANT ACCOUNTING POLICIES: The Plan's financial statements have been prepared on the accrual basis of accounting. Assets of the Plan are valued at current value as of the date of the financial statements. Market value fluctuations in the Investment Contract Fund reflect changes in the effective yield on the underlying securities and have been included in interest income. Contributions from the Company are recorded in conformity with the Company's funding policy and were received subsequent to year-end. 3. INVESTMENTS: The following is a brief description of the investment funds: - - The Investment Contract Fund seeks to provide a stable rate of return. The Investment Contract Fund is a combination of individual guaranteed investment contracts ("GICs") and collectively invested GICs held by U.S. Trust Company and managed by Morley Capital Management, Inc., Portland, Oregon. The Investment Contract Fund invests in GICs issued by insurance companies and short-term investments. - - The Balanced Fund seeks to protect principal against inflation through income and market appreciation. The investment objective of the Balanced Fund is to provide a positive annual rate of return and preservation of principal over a full market cycle. The Balanced Fund is invested as part of a collective investment fund held by Columbia Trust Company, Portland, Oregon, as custodian. The Balanced Fund may invest in stocks, bonds, and real estate, guaranteed investment contracts, short-term investments and other assets deemed appropriate by the fund investment manager. - - The Diversified Stock Fund seeks to provide market appreciation. The investment objective of the Diversified Stock Fund is to provide maximum long-term investment growth over a full market cycle. The Columbia Trust Company is the investment manager of the Diversified Stock Fund. The Diversified Stock Fund is invested as part of a collective investment fund held by Columbia Trust Company, Portland, Oregon, as custodian. The Diversified Stock Fund invests in stocks and cash. - - The TJ International Common Stock Fund seeks to allow participants to share in the performance of the Company through equity ownership. This fund is invested in shares of Company common stock and short-term investments which are held by the Trustee. The Investment Contract Fund included an investment in the U.S. Trust Preservation Fund with a current value of $12,577,172, which exceeds 5% of plan net assets available for plan benefits. At December 31, 1994, the Plan held $652,528 related to a GIC issued by Confederation Life. In August 1994, Confederation Life was seized by Canadian insurance regulators. Simultaneously, the United States operations of Confederation Life were taken over by regulators in Michigan and Georgia, who are attempting to rehabilitate those operations. The United States regulators have issued a statement indicating that they anticipate full contract value, at the date Confederation Life was seized, to be preserved. The balance recorded on this contract at December 31, 1994 represents the contract's principal amount plus accrued interest through the date of seizure. No interest has been accrued on the contract subsequent to the seizure date. 4. CONTRIBUTIONS: Participants in the Plan may make elective contributions to any of the investment options. For the first three quarters of the current Plan year, the Company's matching contributions were contributed to the Investment Contract Fund. Effective October 1, 1994, the Company's matching contributions are invested based on the participant elective contributions. The Company's annual profit sharing contributions, if any, are invested based on the participant elective contributions. The Company made profit sharing contributions of $1,000,900 and $928,500 for 1994 and 1993, respectively. The Company's Board of Directors, as allowed by the Plan, directed the contributions to be evenly divided between the Company's Pension & Profit Sharing Plan and the Employee Stock Ownership Plan in 1994 and 1993. As of December 31, 1994 and 1993, there were approximately 2,245 and 1,961 participants in the Plan, respectively, some of whom have elected to invest in more than one fund. The approximate number of participants investing in each fund was:
December 31 ------------------ 1994 1993 ------ ------ Investment Contract Fund 958 852 Balanced Fund 1,201 1,180 Diversified Stock Fund 918 755 TJ International Common Stock Fund 918 840
5. VESTING: Upon termination of employment, participants are entitled to receive their elective contributions, their pre-1973 after tax contributions and their vested portion of the Company's contributions, as adjusted by allocated earnings or losses resulting from Plan investments. Participants become vested as follows: Completed Years 7 or 2 or of Vesting Service more 6 5 4 3 less -------------------- --------------------------------------- Vested Percentage 100% 80% 60% 40% 20% 0% In the event of termination of employment prior to the completion of seven years of vested service for any reason other than retirement, death or disability, a participant forfeits the non-vested portion in his or her account balance. The Plan's break in service provisions provide that the forfeiture of non-vested participant's account balance and credited years of service will occur in the year the Plan participation ceases. However, if the participant returns to active participation before the fifth consecutive one-year break in service, the non-vested account balance will be reinstated to the participant's account. A one-year break in service is a Plan year in which a participant is credited with 500 or less hours of service. These forfeitures, totaling $392,189 and $411,156 in 1994 and 1993, respectively, are allocated to the remaining participants in the Plan. In addition, the Plan had $66,787 and $162,389 of unallocated forfeitures as of December 31, 1994 and 1993, respectively. In the event of a Plan termination, all participant accounts become fully vested. 6. PLAN TRANSFERS AND MERGER: In compliance with the Tax Reform Act of 1986, the Company's Employee Stock Ownership Plan (ESOP) participants age 55 or older and with at least ten years of ESOP participation must be allowed the opportunity to diversify their investment from Company stock to a minimum of three investment options. Accordingly, eligible ESOP participants may elect to transfer all or a portion of their account balance to the four investment options in the Plan. Eligible participants elected to transfer their account balances totaling $372,060 and $65,432 in 1994 and 1993, respectively, from the ESOP to the Plan. Effective April 1, 1995, the accounts of the Norco Windows, Inc. employees were merged into the replacement Outlook Window 401(k) Plan. 7. RECONCILIATION TO THE PLAN TAX RETURN: At December 31, 1994 and 1993, the net assets available for plan benefits includes $573,192 and $519,019, respectively, of amounts which are due to participants but have not been paid. These amounts have been accrued as liabilities and subtracted from net assets available for plan benefits in the Plan's tax return. SUPPLEMENTAL SCHEDULE 1 TJ INTERNATIONAL, INC. EIN: 82-0250992 PENSION & PROFIT SHARING PLAN PLAN NUMBER 002 STATEMENTS OF NET ASSETS AVAILABLE FOR PLAN BENEFITS BY FUND FOR THE YEARS ENDED DECEMBER 31, 1994 AND 1993
TJ Investment International Contract Balanced Diversified Common As of December 31, 1994 Fund Fund Stock Fund Stock Fund Total Plan - ----------------------- ----------- ---------- ------------ ------------- ----------- ASSETS Investments, at current value $19,806,752 $23,631,595 $15,346,938 $16,558,957 $75,344,242 Cash and cash equivalents 272,394 1,100,539 1,542,709 3,100 2,918,742 Receivables: Employer contributions 271,729 393,491 250,327 293,465 1,209,012 Employee contributions 99,852 133,868 93,177 102,276 429,173 Interest and dividends 1,048 1,278 1,414 44,950 48,690 Due (to) from other funds 79,841 (950,361) (1,471,971) 2,342,491 - ----------- ----------- ----------- ----------- ----------- 20,531,616 24,310,410 15,762,594 19,345,239 79,949,859 ----------- ----------- ----------- ----------- ----------- LIABILITIES Accrued management fees 20,686 49,782 33,193 3,258 106,919 Other accounts payable - - - 2,187,998 2,187,998 ----------- ----------- ----------- ----------- ----------- 20,686 49,782 33,193 2,191,256 2,294,917 ----------- ----------- ----------- ----------- ----------- NET ASSETS AVAILABLE FOR PLAN BENEFITS $20,510,930 $24,260,628 $15,729,401 $17,153,983 $77,654,942 =========== =========== =========== =========== ===========
TJ Investment International Contract Balanced Diversified Common As of December 31, 1993 Fund Fund Stock Fund Stock Fund Total Plan - ----------------------- ----------- ---------- ------------ ------------- ----------- ASSETS Investments, at current value $17,091,499 $25,312,867 $15,084,217 $19,169,909 $76,658,492 Cash and cash equivalents 1,354,637 130,715 896,094 9,620 2,391,066 Receivables: Employer contributions 1,071,258 - - - 1,071,258 Employee contributions 96,345 155,563 89,347 72,722 413,977 Interest and dividends 443 720 686 31,460 33,309 Due (to) from other funds (1,304,033) 159,968 (692,832) 1,836,897 - ----------- ----------- ----------- ----------- ----------- 18,310,149 25,759,833 15,377,512 21,120,608 80,568,102 ----------- ----------- ----------- ----------- ----------- LIABILITIES Accrued management fees 17,100 53,296 32,745 4,033 107,174 Other accounts payable - - - 1,799,981 1,799,981 ----------- ----------- ----------- ----------- ----------- 17,100 53,296 32,745 1,804,014 1,907,155 ----------- ----------- ----------- ----------- ----------- NET ASSETS AVAILABLE FOR PLAN BENEFITS $18,293,049 $25,706,537 $15,344,767 $19,316,594 $78,660,947 =========== =========== =========== =========== ===========
7 SUPPLEMENTAL SCHEDULE 2 TJ INTERNATIONAL, INC. EIN: 82-0250992 PENSION & PROFIT SHARING PLAN PLAN NUMBER 002 STATEMENTS OF CHANGES IN NET ASSETS AVAILABLE FOR PLAN BENEFITS BY FUND FOR THE YEARS ENDED DECEMBER 31, 1994 AND 1993
TJ Investment International Contract Balanced Diversified Common As of December 31, 1994 Fund Fund Stock Fund Stock Fund Total Plan - ----------------------- ----------- ---------- ------------ ------------- ----------- Investment income: Interest income $ 1,194,837 $ 4,682 $ 6,327 $ 1,175 $ 1,207,021 Dividend income - - - 162,307 162,307 Management fees and other (87,584) (210,335) (135,372) (15,933) (449,224) Gain on disposition of investments, net - 718,563 578,857 - 1,297,420 Unrealized depreciation of investments, net - (698,132) (374,976) (8,749,327) (9,822,435) Contributions: Employee 1,167,735 1,926,210 1,478,514 1,466,544 6,039,003 Employer 2,241,285 503,778 329,135 380,333 3,454,531 Plan benefit claims distributed during the year (1,421,536) (988,167) (397,056) (459,929) (3,266,688) Transfers among funds, net (877,715) (2,703,367) (1,100,795) 4,681,877 - Plan merger and transfers 859 859 - 370,342 372,060 ----------- ----------- ----------- ----------- ----------- Net increase (decrease) during the year 2,217,881 (1,445,909) 384,634 (2,162,611) (1,006,005) Net assets available for plan benefits, beginning of year 18,293,049 25,706,537 15,344,767 19,316,594 78,660,947 ----------- ----------- ----------- ----------- ----------- Net assets available for plan benefits, end of year $20,510,930 $24,260,628 $15,729,401 $17,153,983 $77,654,942 ----------- ----------- ----------- ----------- ----------- ----------- ----------- ----------- ----------- ----------- As of December 31, 1993 - ----------------------- Investment income: Interest income $ 1,177,778 $ 11,414 $ 1,717 $ 372 $ 1,191,281 Dividend income - - - 108,645 108,645 Management fees and other (75,505) (205,311) (129,256) (10,056) (420,128) Gain (loss) on disposition of investments, net - 584,044 684,711 (44,633) 1,224,122 Unrealized appreciation of investments, net - 2,498,254 1,542,990 9,474,130 13,515,374 Contributions: Employee 1,082,576 1,805,619 1,166,669 776,203 4,831,067 Employer 2,416,204 - - - 2,416,204 Plan benefit claims distributed during the year (487,962) (856,218) (473,763) (151,804) (1,969,747) Transfers among funds, net (2,536,336) (1,037,429) (1,110,230) 4,683,995 - Plan merger and transfers 3,289 4,824 6,143 51,176 65,432 ----------- ----------- ----------- ----------- ----------- Net increase during the year 1,580,044 2,805,197 1,688,981 14,888,028 20,962,250 Net assets available for plan benefits, beginning of year 16,713,005 22,901,340 13,655,786 4,428,566 57,698,697 ----------- ----------- ----------- ----------- ----------- Net assets available for plan benefits, end of year $18,293,049 $25,706,537 $15,344,767 $19,316,594 $78,660,947 ----------- ----------- ----------- ----------- ----------- ----------- ----------- ----------- ----------- -----------
8 SUPPLEMENTAL SCHEDULE 3 TJ INTERNATIONAL, INC. EIN: 82-0250992 PENSION & PROFIT SHARING PLAN PLAN NUMBER 002 INVESTMENT CONTRACT FUND ITEM 27(a) - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES DECEMBER 31, 1994
Current Identity of Issue Description of Investment Cost Value - --------------------------------------------------------------------------------------------------------------------------------- SEI Financial SEI Daily Income Trust - Prime Services Company Obligation Portfolio, 272,393 participation units, interest rates and due dates variable $ 272,394 $ 272,394 ----------- ----------- ----------- ----------- Confederation Life (1) Guaranteed investment contract number 62513, 8.77% rate of return, July 2, 1996 maturity date $ 652,528 $ 652,528 Crown Life Guaranteed investment contract number GARC-9003944, 9.20% rate of return, July 5, 1995 maturity date 716,327 716,327 Life of Virginia Guaranteed investment contract number GS-2554, 7.63% rate of return, February 28, 1997 maturity date 615,667 615,667 Manufacturers Life Guaranteed investment contract number GD-38331, 9.11% rate of return, May 8, 1995 maturity date 521,717 521,717 New York Life Guaranteed investment contract number GA-9130-1, 7.15% rate of return, August 29, 1997 maturity date 341,365 341,365 New York Life Guaranteed investment contract number GA-9130-2, 7.15% rate of return, August 28, 1998 maturity date 341,365 341,365 (1) In August 1994, Confederation Life was seized by Canadian insurance regulators. Simultaneously, the United States operations of Confederation Life were taken over by regulators in Michigan and Georgia, who are attempting to rehabilitate those operations. The United States regulators have issued a statement indicating that they anticipate full contract value, at the date Confederation Life was seized, to be preserved. The balance recorded on this contract at December 31, 1994 represents the contract's principal amount plus accrued interest through the date of seizure. No interest has been accrued on the contract subsequent to the seizure date.
SUPPLEMENTAL SCHEDULE 3 TJ INTERNATIONAL, INC. EIN: 82-0250992 PENSION & PROFIT SHARING PLAN PLAN NUMBER 002 INVESTMENT CONTRACT FUND ITEM 27(a) - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES DECEMBER 31, 1994
Current Identity of Issue Description of Investment Cost Value - --------------------------------------------------------------------------------------------------------------------------------- New York Life Guaranteed investment contract number GA-9130-3, 7.15% rate of return, August 27, 1999 maturity date $ 341,365 $ 341,365 Penn Mutual Life Guaranteed investment contract number GVC-91101, 9.35% rate of return, November 29, 1995 maturity date 736,941 736,941 Principal Mutual Guaranteed investment contract number GA4-14925, 7.92% rate of return, December 10, 1999 maturity date 1,017,271 1,017,271 Protective Life Guaranteed investment contract number GA-556, 8.73% rate of return, March 2, 1996 maturity date 804,311 804,311 Safeco Life Guaranteed investment contract Insurance Co. number LP-133970, 8.54% rate of return, May 15, 1996 maturity date 471,264 471,264 Sun Life Assurance Guaranteed investment contract number S-0717-G, 8.7% rate of return, September 2, 1996 maturity date 669,459 669,459 U.S. Trust Company * U.S. Trust Preservation Fund 513,333 participation units, interest rates and due dates variable 12,577,172 12,577,172 ----------- ----------- Total Investment Contract Fund investments $19,806,752 $19,806,752 ----------- ----------- ----------- ----------- * Known party-in-interest
SUPPLEMENTAL SCHEDULE 3 TJ INTERNATIONAL, INC. EIN: 82-0250992 PENSION & PROFIT SHARING PLAN PLAN NUMBER 002 BALANCED FUND ITEM 27(a) - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES DECEMBER 31, 1994
Current Identity of Issue Description of Investment Cost Value - --------------------------------------------------------------------------------------------------------------------------------- SEI Financial SEI Daily Income Trust - Prime Services Company Obligation Portfolio, 1,100,539 participation units, interest rates and due dates variable $ 1,100,539 $ 1,100,539 ----------- ----------- ----------- ----------- Columbia Trust Balanced Fund, 3,656,523 Company * participation units $15,703,449 $23,631,595 ----------- ----------- ----------- ----------- * Known party-in-interest.
SUPPLEMENTAL SCHEDULE 3 TJ INTERNATIONAL, INC. EIN: 82-0250992 PENSION & PROFIT SHARING PLAN PLAN NUMBER 002 DIVERSIFIED STOCK FUND ITEM 27(a) - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES DECEMBER 31, 1994
Current Identity of Issue Description of Investment Cost Value - --------------------------------------------------------------------------------------------------------------------------------- SEI Financial SEI Daily Income Trust - Prime Services Company Obligation Portfolio, 1,542,709 participation units, interest rates and due dates variable $ 1,542,709 $ 1,542,709 ----------- ----------- ----------- ----------- Columbia Trust Diversified Stock Fund, Company * 1,787,973 participation units. $ 8,966,433 $15,346,938 ----------- ----------- ----------- ----------- * Known party-in-interest.
SUPPLEMENTAL SCHEDULE 3 TJ INTERNATIONAL, INC. EIN: 82-0250992 PENSION & PROFIT SHARING PLAN PLAN NUMBER 002 TJ INTERNATIONAL COMMON STOCK FUND ITEM 27(a) - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES DECEMBER 31, 1994
Current Identity of Issue Description of Investment Cost Value - --------------------------------------------------------------------------------------------------------------------------------- SEI Financial Services SEI Daily Income Trust - Company Prime Obligation Portfolio 3,100 participation units, interest rates and due dates variable $ 3,100 $ 3,100 ----------- ----------- ----------- ----------- TJ International, 932,899 shares common stock Inc. * $16,652,843 $16,558,957 ----------- ----------- ----------- ----------- * Known party-in-interest
SUPPLEMENTAL SCHEDULE 4 TJ INTERNATIONAL, INC. EIN: 82-0250992 PENSION & PROFIT SHARING PLAN PLAN NUMBER 002 ITEM 27(d) - SCHEDULE OF REPORTABLE TRANSACTIONS FOR THE YEAR ENDED DECEMBER 31, 1994
Description Total Total Assets, Interest Number Dollar Dollar Identity of Party Rate and of Value of Value of Lease Involved Maturity Date Transactions Purchases Sales Rental ---------------------- ----------------- ------------ ---------- -------- ------ SEI Financial Services SEI Daily Income Trust - Company Prime Obligation Portfolio, interest rates and maturity dates variable 110 $12,954,623 $ - N/A SEI Financial Services SEI Daily Income Trust - Company Prime Obligation Portfolio, interest rates and maturity dates variable 98 - 12,676,864 N/A TJ International, Inc. * Common stock 36 5,272,494 - N/A U.S. Trust Company * U.S. Trust Preservation Fund 2 2,099,964 - N/A U.S. Trust Company * U.S. Trust Preservation Fund 8 - 1,872,427 N/A * Known party-in-interest
Description Expenses Current Value Assets, Interest Incurred of Assets on Net Gain Identity of Party Rate and with Cost of Transaction or Involved Maturity Date Transactions Assets Date (Loss) ---------------------- ----------------- ------------ ---------- -------- ------ SEI Financial Services SEI Daily Income Trust - Company Prime Obligation Portfolio, interest rates and maturity dates variable $ - $12,954,623 $12,954,623 $ - SEI Financial Services SEI Daily Income Trust - Company Prime Obligation Portfolio, interest rates and maturity dates variable - 12,676,864 12,676,864 - TJ International, Inc. * Common stock - 5,272,494 5,272,494 - U.S. Trust Company * U.S. Trust Preservation Fund - 2,099,964 2,099,964 - U.S. Trust Company * U.S. Trust Preservation Fund - 1,830,500 1,872,427 41,927 * Known party-in-interest
14 CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS As independent public accountants, we hereby consent to the incorporation of our report dated April 14, 1995, included in this Form 11-K for the year ended December 31, 1994, into the Company's previously filed Registration Statement on Form S-8 (33-21870). ARTHUR ANDERSEN LLP Boise, Idaho May 10, 1995 -----END PRIVACY-ENHANCED MESSAGE-----