SAE Annual Report 2011 - 51

SAE INTERNATIONAL
Notes to the Financial Statements (Continued) Note 6 - Employee Benefit Plans (Continued) Contributions of $2,000,000 are expected to be paid to the plan in 2012. The following estimated future benefit payments, which reflect expected future service, as appropriate, are expected to be paid in the years indicated: Year Ending December 31 2012 2013 2014 2015 2016 2017 - 2021 Group Tax Deferred Annuity Plan SAE has a group tax deferred annuity plan under Section 403(b) of the IRC which covers substantially all employees. SAE matches up to 100% of employees’ voluntary contributions up to 6% of their annual salary based on the individual employee’s years of service. For employees hired after January 1, 2008 (those not eligible to participate in the defined benefit plan), SAE contributes 6½% of the employee’s base compensation. SAE’s contribution to the plan was $796,000 for December 31, 2011 and $647,000 for December 31, 2010. Beneficiary Association Through September 30, 2011, SAE also had a 501(c)(9) beneficiary association that provided certain welfare plan benefits including benefits after retirement. Contributions were based on insurance premiums and estimated costs determined by the plan actuary. SAE’s contributions to the beneficiary association were approximately $15,000 in 2011 and $38,000 in 2010. Effective September 30, 2011, the Company’s Board of Directors approved the termination of the 501(c)(9) Plan subject to the provisions of ERISA. Additionally, all contributions to this plan ceased and the Agreement of Trust was terminated. Final distributions were made in September 2011 to provide benefits under the Agreement of Trust and to pay a reasonable administrative expense. Amount $ 1,970,000 $ 2,030,000 $ 2,230,000 $ 2,320,000 $ 2,450,000 $15,360,000

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SAE Annual Report 2011

Table of Contents for the Digital Edition of SAE Annual Report 2011

SAE Annual Report 2011
Contents
Executive Message
Sectors – Aerospace, Automotive and Commercial Vehicle
Membership
Aerospace Standards
Ground Vehicle Standards
Publishing
Magazines and Books
Engineering Events and Meetings
Pre-professional Education
SAE Foundation
Professional Development
Performance Review Institute
Financial Information
Board of Directors
Affiliates and Sections
International Business Partners
SAE Annual Report 2011 - SAE Annual Report 2011
SAE Annual Report 2011 - Cover2
SAE Annual Report 2011 - Contents
SAE Annual Report 2011 - Executive Message
SAE Annual Report 2011 - 3
SAE Annual Report 2011 - Sectors – Aerospace, Automotive and Commercial Vehicle
SAE Annual Report 2011 - 5
SAE Annual Report 2011 - 6
SAE Annual Report 2011 - 7
SAE Annual Report 2011 - Membership
SAE Annual Report 2011 - 9
SAE Annual Report 2011 - Aerospace Standards
SAE Annual Report 2011 - Ground Vehicle Standards
SAE Annual Report 2011 - Publishing
SAE Annual Report 2011 - Magazines and Books
SAE Annual Report 2011 - 14
SAE Annual Report 2011 - Engineering Events and Meetings
SAE Annual Report 2011 - Pre-professional Education
SAE Annual Report 2011 - SAE Foundation
SAE Annual Report 2011 - 18
SAE Annual Report 2011 - Professional Development
SAE Annual Report 2011 - Performance Review Institute
SAE Annual Report 2011 - Financial Information
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SAE Annual Report 2011 - Board of Directors
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SAE Annual Report 2011 - Affiliates and Sections
SAE Annual Report 2011 - International Business Partners
SAE Annual Report 2011 - Cover4
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