11-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 11-K
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(Mark One)
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ANNUAL REPORT PURSUANT TO SECTION 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED] |
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For the fiscal year ended December 31, 2004 |
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TRANSITION REPORT PURSUANT TO SECTION 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED] |
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For the transition period from |
Commission file number SEC File No. 1-4018
A: DOVER CORPORATION RETIREMENT SAVINGS PLAN
(Full title of the plan)
B: DOVER CORPORATION
280 Park Avenue
New York, New York 10017
(212) 922-1640
(Name of issuer of the securities held pursuant to the
plan
and the address of its principal executive office)
REQUIRED INFORMATION
(As Required by Items No. 1 thru 3)
INDEX
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* |
Other schedules outlined by section 2520.103-10 have been
omitted, as they are not required. |
1
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Participants and Administrator of the
Dover Corporation Retirement Savings Plan:
In our opinion, the accompanying statements of net assets
available for benefits and the related statements of changes in
net assets available for benefits present fairly, in all
material respects, the net assets available for benefits of the
Dover Corporation Retirement Savings Plan (the Plan)
at December 31, 2004 and 2003, and the changes in net
assets available for benefits for the years ended
December 31, 2004 and 2003 in conformity with accounting
principles generally accepted in the United States of America.
These financial statements are the responsibility of the
Plans management. Our responsibility is to express an
opinion on these financial statements based on our audits. We
conducted our audits of these statements 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. An
audit 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 audits
provide a reasonable basis for our opinion.
Our audits were conducted for the purpose of forming an opinion
on the basic financial statements taken as a whole. The
supplemental Schedule H, line 4i Schedule of
Assets (Held at End of Year) and supplemental Schedule H,
line 4a Schedule of Delinquent Participant
Contributions are presented for the purpose of additional
analysis and are not a required part of the basic financial
statements but are supplementary information required by the
Department of Labors Rules and Regulations for Reporting
and Disclosure under the Employee Retirement Income Security Act
of 1974. These supplemental schedules are the responsibility of
the Plans management. 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.
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/s/ PricewaterhouseCoopers
LLP
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New York, New York
June 28, 2005
2
DOVER CORPORATION RETIREMENT SAVINGS PLAN
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
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December 31, |
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2004 | |
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2003 | |
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(Dollars in thousands) | |
Investments at fair value:
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Dover Corporation common stock accounts
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$ |
202,692 |
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$ |
198,860 |
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Mutual funds
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298,159 |
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243,303 |
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Collective funds
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199,842 |
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175,236 |
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Participant Loans
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27,819 |
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22,678 |
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Total investments at fair value
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728,512 |
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640,077 |
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Receivables:
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Participant contributions receivable
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641 |
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1,140 |
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Company contributions receivable
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12,122 |
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8,253 |
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Total receivables
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12,763 |
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9,393 |
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Net assets available for benefits
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$ |
741,275 |
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$ |
649,470 |
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The accompanying notes are an integral part of these financial
statements.
3
DOVER CORPORATION RETIREMENT SAVINGS PLAN
STATEMENTS OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
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December 31, |
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2004 | |
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2003 | |
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(Dollars in thousands) | |
Investment income:
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Interest
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$ |
1,412 |
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$ |
4,449 |
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Dividends
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9,055 |
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5,154 |
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Net realized and unrealized appreciation in fair value of
investments
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39,253 |
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112,192 |
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Total investment income
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49,720 |
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121,795 |
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Additions:
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Participant contributions
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36,583 |
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29,232 |
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Company contributions
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18,005 |
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15,014 |
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Transfer of plan assets in from unaffiliated plans
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47,572 |
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80,321 |
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Rollovers
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903 |
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1,121 |
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Total additions
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103,063 |
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125,688 |
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Deductions:
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Distributions
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(58,927 |
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(52,465 |
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Transfer of plan assets out to unaffiliated plan
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(2,051 |
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Total deductions
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(60,978 |
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(52,465 |
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Net increase in net as sets available for plan benefits
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91,805 |
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195,018 |
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Net assets available for benefits
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Beginning of year
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649,470 |
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454,452 |
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End of year
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$ |
741,275 |
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$ |
649,470 |
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The accompanying notes are an integral part of these financial
statements.
4
(1) The Plan
The following description of the Dover Corporation Retirement
Savings Plan (the Plan) provides only general
information. This description of the provisions of the Plan is
governed in all respects by the detailed terms and conditions
contained in the Plan itself.
The Plan is a defined contribution plan established to encourage
and facilitate retirement savings and investment by eligible
employees of Dover Corporation and its subsidiaries
(Dover). The Plan is subject to the provisions of
the Employee Retirement Income Security Act of 1974 as amended
(ERISA).
Effective as of May 1, 2002, the assets of the Plan that
were invested in Dover Corporation stock were transferred to a
separate account (Dover ESOP Stock Account), which constitutes
an Employee Stock Ownership Plan (an
ESOP) under the Internal Revenue Code. The purpose
of the transfer was to allow Plan participants the option to
receive dividends in cash with respect to the stock held in the
Dover ESOP Stock Account, which then allows Dover to deduct for
federal income tax purposes the dividends that are paid with
respect to the stock in such Account, regardless of whether
participants actually receive the dividends in cash. Stock
acquired under the Plan after April 30, 2002 is temporarily
held in a separate Account (Dover Stock Account) in the Plan
that does not meet the ESOP requirements of the Internal Revenue
Code and is transferred periodically to the Dover ESOP Stock
Account.
Participating companies of Dover (the Employer) may
participate in (i) the employee salary contribution and
matching contribution features of the Plan, (ii) the
profit-sharing contribution feature of the Plan, or
(iii) both. Generally, all employees of such participating
units who have reached age 21 and completed one year of
service are eligible to participate in the Plan, except in the
case of certain participating units whose employees are
immediately eligible to join the Plan after attaining either
age 18 or age 21. Employee salary contributions to the
Plan are voluntary. Generally, a participant may elect to
exclude from 1% to 50% in whole percentages of his or her
compensation (Participant Contribution) from current taxable
income through contributions to the Plan.
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Contribution and Vesting Provisions |
The amount contributed by a participant is subject to applicable
Internal Revenue Code limits, and the percentage of compensation
contributed by highly compensated employees may be further
limited to enable the Plan to satisfy nondiscrimination
requirements. In addition, the Internal Revenue Code limits to
$200,000 for 2003, $205,000 for 2004, and $210,000 for 2005 (and
as adjusted for future statutory changes) the amount of
compensation that may be taken into account under the Plan. Most
participating Dover companies make matching contributions to the
Plan equal to a percentage of the first 6% of participants
compensation contributed to the Plan (the Employer
Matching Contribution). At the discretion of an
Employers board of directors, an additional year-end
Employer Matching Contribution may be made to the Plan on behalf
of participants employed on the last day of the year. Basic and
year-end matching contributions are subject to an aggregate
limit on such contributions of 200% of the first 6% of each
participants compensation contributed to the Plan. All
Employer Matching Contributions are initially invested in the
Dover Stock Account. Participants are fully vested with respect
to their salary reduction contributions and Employer Matching
Contributions, except for certain participating units whose
employees are immediately eligible to join the Plan, in which
case Employer Matching Contributions may be subject to a one
year of service vesting requirement.
Generally, in any Plan year in which a participant does not
receive the maximum Employer Matching Contribution to which he
or she is entitled (due to periodic payroll-based limitations),
the Employer will make a true-up or a year-end
additional Employer Matching Contribution. To be entitled to a
true-up contribution, a participant must either be an active
employee as of December 31 of the Plan year or his or her
employment must have terminated during the Plan year due to
death, permanent disability or retirement.
An Employer may elect to make profit sharing contributions for a
Plan year with respect to its employees who have satisfied the
age and service requirements described above. Such contributions
are allocated in
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proportion to the compensation of participants who are employed
by that Employer and are employees on the last day of the Plan
year. A participants profit-sharing account vests at the
rate of 20% per year of service (except in the case of
certain Employers whose employees profit-sharing
contribution accounts are immediately vested). A
participants profit-sharing account becomes fully vested
after five years of service, upon the attainment of age 65
while a Dover employee, in the event of his or her death or
permanent disability while a Dover employee, or in the event the
Plan is terminated.
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Distributions and Forfeitures |
A participants vested account balance in the Plan is
distributable following the participants retirement,
death, or other termination of employment.
At December 31, 2004 and 2003, the forfeited nonvested
accounts that were unallocated to participants totaled $525,453
and $306,927, respectively. These accounts will be used to
reduce future Employer contributions.
The Plan allows installment distribution payments in the case of
fully vested terminated participants who have attained
age 55. The Plan does not permit withdrawals during a
participants active employment.
A participant may apply for a loan at any time. A maximum of
three loans per participant may be outstanding at any one time.
Loans are repaid in equal installments through payroll
deductions over a maximum of 30 years (for a principal
residence loan) and a minimum of 1 year. The minimum a
participant may borrow is $1,000, and the maximum amount is
determined by the balance in the participants vested
account as of the Plans valuation date preceding the loan
request, in accordance with Department of Labor regulations, per
the following schedule:
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Vested Account Balance |
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Allowable Loan |
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less than or equal to $100,000
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up to 50% of Vested Account Balance |
more than $100,000
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$50,000 |
In addition, no loan may be granted which exceeds $50,000
reduced by the aggregate outstanding loan balance of the
participant during the 12 months preceding the date of the
loan. Current outstanding loans bear interest from 4.0% to 11.5%.
Subject to the Plans excessive trading restrictions, each
participant has the right to direct the entire amount of his or
her Plan account to be invested in one or more of the available
investment funds in multiples of one percent. Each participant
has the right during any business day to transfer all or any
portion of the amount in his or her account (including the
amount attributable to Employer Matching Contributions) among
the investment funds. Participants are restricted from
transferring all or any portion of their Plan accounts into the
Dover ESOP Stock Account.
Each Participant has the right to roll over into the Plan
distributions from other qualified plans or conduit IRAs.
Participants are entitled to vote their Dover shares in the Plan
in the same manner as other Dover stockholders.
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(2) |
Summary of Significant Accounting Policies |
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(a) Basis of Presentation:
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The accompanying statements prepared on the accrual basis of
accounting in conformity with accounting principles generally
accepted in the United States of America present the Net Assets
Available for Benefits and Changes in Net Assets Available for
Benefits for the Plan.
6
Administrative expenses of the Plan related to the trustee,
recordkeeping, legal and audit fees are paid primarily by Dover.
Fees or commissions associated with each of the investment
options are paid primarily by participants as a deduction from
the amount invested or as an offset to investment earnings and
such costs are included in the appreciation or depreciation in
fair value of investments recorded in the Statement of Changes
in Net Assets Available for Benefits.
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(b) Management of Trust Funds: |
American Express Trust Company (the Trustee) has
been granted authority by Dovers Pension Committee (the
Plan Administrator), appointed by the Board of
Directors, to purchase and sell securities.
The Plan consists of the following investment funds:
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The Dover Stock Account invests in Dover common stock and
contains a nominal balance in money market instruments for
liquidity purposes. This Account accepts shares of Dover common
stock purchased through employee and employer contributions. |
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The Dover ESOP Stock Account invests in shares of Dover common
stock with a small percentage invested in money market
instruments to provide liquidity. This Account consists of the
shares of Dover common stock from the Dover Stock Account which
were transferred effective May 1, 2002 and periodically
thereafter. Refer to item 1, The Plan, for additional
information on this account. |
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The Income Fund invests primarily in the American Express
(AXP) Trust Income Fund II, which invests in
AAA credit quality bonds, book value warrants, and traditional
insurance contracts. |
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PIMCO Total Return Fund (Administrative Class) invests primarily
in a portfolio of intermediate maturity fixed income securities,
with a majority invested in treasury and mortgage-backed bonds. |
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The AXP Stock Fund (Class Y) is authorized to invest mainly
in stocks of blue chip U.S. companies representing almost
every major sector of the economy. |
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The AXP Mutual (Class Y) Fund is authorized to invest
mainly in U.S. stocks and investment grade bonds. |
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The AXP New Dimensions Fund (Class Y) is authorized to
invest mainly in U.S. stocks with above average growth
potential. |
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The Templeton Foreign Fund is authorized to invest primarily in
securities of companies outside the United States of America,
including emerging markets. |
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The AIM Constellation Fund (Class A) is authorized to
invest in companies likely to benefit from new or innovative
products, services, or processes and have demonstrated superior
earnings growth. |
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The American Express Trust Long-Term Horizon Fund invests
in a diversified portfolio with a risk profile for individuals
with long-term investment goals (typically for participants who
are 12 or more years from retirement). The Fund invests in a
predetermined mix of growth, growth/income and income investment
funds. |
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The American Express Trust Medium-Term Horizon Fund invests
in a diversified portfolio with a risk profile for individuals
with medium-term investment goals (typically for participants
who are 7 to 12 years from retirement). The Fund invests in
a predetermined mix of growth, growth/income and income, and
money market (cash equivalent) investment funds. |
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The American Express Trust Short-Term Horizon Fund invests
in a diversified portfolio with a risk profile for individuals
with short-term investment goals (typically for participants who
are 3 to 7 years from retirement). The Fund invests in a
predetermined mix of growth, growth/income and income, and money
market (cash equivalent) investment funds. |
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The AET Equity Index Fund I seeks to approximate the rate
of return of the Standard & Poors 500 Index. The Fund
invests in a portfolio consisting primarily of common stocks of
the Standard & Poors 500 Index. |
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Davis New York Venture Fund (Class A) seeks long-term
capital growth. The Fund invests the majority of its assets in
companies that have achieved a dominant or growing market share,
are well managed and can be purchased at value prices. |
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Neuberger Berman Genesis Fund (Trust Class) invests
primarily in stocks of small-capitalization companies which it
defines as those companies with a total market value of no more
than $1.5 billion as measured at the time the Fund first
invests. |
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AET Emerging Growth Fund II seeks to provide long-term
capital growth by investing primarily in US stocks of small
capitalization companies. |
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On March 2, 2004, the American Funds Capital World Growth
and Income Fund replaced the Janus Worldwide Fund. The American
Funds Capital World Growth and Income Funds investment
objective is to provide investors with long-term growth of
capital while providing current income by investing primarily in
common stocks and bonds of well-established companies located
around the world. Janus Worldwide Fund (Global) invests
primarily in common stocks of foreign and domestic companies of
issuers from different countries, including the United States. |
The Plan Administrator may delegate the management of the
Plans assets to another investment manager if it deems it
advisable in the future. Funds temporarily awaiting investment
are placed in a short-term investment fund of the Trustee where
they earn the prevailing market rate of interest.
Investments consisting of common shares in Dover are valued at
the closing market price on the last business day of the Plan
year based on quotations from national securities exchanges.
Investments in registered mutual and collective funds are
carried at the fair value of their underlying assets as of the
last business day of the Plan year as determined by their
respective investment managers.
Participant loans receivable are valued at cost, which
approximates fair value.
Purchases and sales of investment securities are reflected on a
trade-date basis. Gains and losses on sales of investment
securities are determined on the average cost method.
Dividend income is recorded on the ex-dividend date. Interest
income from other investments is recorded as earned.
The Plan presents in the Statement of Changes in Net Assets
Available for Benefits the appreciation or depreciation in the
fair value of its investments which consists of the realized
gains or losses and the unrealized appreciation or depreciation
on those investments.
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(d) Use of Estimates in the Preparation of Financial
Statements: |
The preparation of financial statements in conformity with
accounting principles generally accepted in the United States of
America requires management to make estimates and assumptions
that affect the reported amounts of assets and liabilities, and
changes therein, and disclosure of contingent assets and
liabilities at the date of the financial statements and the
reported amounts of revenues and expenses during the reporting
period. Actual results could differ from those estimates.
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(e) Risks and Uncertainties: |
The Plan provides for various investment options in any
combination of stocks, bonds, mutual funds and other investment
securities. Investment securities are exposed to various risks,
such as interest rate, market and credit. Due to the level of
risk associated with certain investment securities and the level
of uncertainty related to changes in the value of investment
securities, it is at least reasonably possible that changes in
risks in
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the near term would materially affect participants account
balances and the amounts reported in the 2004 Statement of Net
Assets Available for Benefits and Statement of Changes in Net
Assets Available for Benefits.
Distributions are recorded in the Plans financial
statements when paid.
(3) Investments
The Plans investments (including gains and losses on
investments bought and sold, as well as held during the year)
appreciated in value as follows (dollars in thousands):
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December 31, | |
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2004 | |
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2003 | |
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Dover Corporation common stock accounts
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$ |
11,342 |
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$ |
54,218 |
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Mutual funds
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18,193 |
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44,770 |
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Collective funds
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9,718 |
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13,204 |
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$ |
39,253 |
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$ |
112,192 |
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The fair value of investments that represent 5% or more of the
Plans net assets available for benefits are as follows
(dollars in thousands):
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December 31, | |
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2004 | |
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2003 | |
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Dover common stock accounts
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$ |
202,692 |
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$ |
198,860 |
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Income fund
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128,079 |
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118,439 |
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A XP New Dimensions fund
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73,899 |
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69,447 |
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Neuberger Berman Genesis trust
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52,128 |
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35,551 |
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A XP Stock fund
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44,489 |
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43,393 |
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Davis New York Venture Fund
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33,979 |
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22,761 |
* |
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* |
Did not meet the 5% threshold. |
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(4) |
Related-Party Transactions |
Certain Plan investments are shares of mutual funds managed by
American Express Trust Company. American Express Trust Company
is the trustee as defined by the Plan and, therefore, these
transactions qualify as party-in-interest transactions. Dover as
the Plan sponsor is also a related party under ERISA
Rule 3.14.
Dover has previously received a tax qualification letter dated
July 29, 2004 from the Internal Revenue Service stating
that the Plan, as then designed was in compliance with the
provisions of Section 401 of the Internal Revenue Code, and
that its related trust is exempt from Federal income taxes. The
Plan has been amended since receiving the determination letter.
However, Dover and the Plans tax counsel believe that the
Plan is designed and is currently being operated in compliance
with the applicable provisions of the Internal Revenue Code.
Although it has not expressed any intent to do so, Dover has the
right under the Plan to discontinue all contributions at any
time and to terminate the Plan, subject to the provisions of the
Plan and the Internal Revenue Code. In the event of termination,
participants will become 100% vested in their accounts.
9
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(7) |
Transfers In and Transfers Out (dollars in thousands) |
All of the following transfers and those described under
Note 8 Subsequent Events involve companies that
are indirect, wholly-owned subsidiaries of Dover. All assets
have been transferred into or transferred out of the Plan at
fair value as of the date indicated.
On January 1, 2004, assets amounting to $6,772 were
transferred into the Plan from the Petro Vend, Inc. Profit
Sharing & Payroll Deferral Plan. OPW Fuel Management
Systems (formerly Petro Vend, Inc.) employees began
participating in the Plan on January 1, 2004.
On January 1, 2004, assets amounting to $9,120 were
transferred into the Plan from the Wilden Pump and Engineering
Company Restated 401(K) Plan. Wilden Pump employees began
participating in the Plan on January 1, 2004.
On April 1, 2004, assets amounting to $3,660 were
transferred into the Plan from the Tulsa Winch, Inc. 401(K)
Plan. Tulsa Winch employees began participating in the Plan on
April 1, 2004.
On April 1, 2004, assets amounting to $1,454 were
transferred into the Plan from the dp Manufacturing Incorporated
401(K) Plan. dp Manufacturing employees began participating in
the Plan on April 1, 2004.
On May 1, 2004, assets amounting to $4,304 were transferred
into the Plan from the Triton Systems of Delaware, Inc. Employee
Plan & Trust. Triton Systems employees began
participating in the Plan on May 1, 2004.
On May 6, 2004, assets amounting to $12,810 were
transferred into the Plan from the KNI Group 401(K) and Profit
Sharing Plan (trust-to-trust transfer of assets) in connection
with Kurz-Kasch, Inc.s 2003 acquisition of Wabash
Magnetics, LLC. Former Wabash Magnetics employees became
eligible to participate in the Plan as Kurz-Kasch employees on
January 1, 2004.
On November 1, 2004, assets amounting to $9,452 were
transferred from the Corning Oak Holding Inc.
Section 401(K) Savings Plan (trust-to-trust transfer of
assets) for those employees of Corning Frequency Control, Inc.
who were part of the acquisition of Corning Frequency Control,
Inc. by Vectron International. Employees of Corning Frequency
Control, Inc. began participating in the Plan on
September 1, 2004.
On November 1, 2004, assets amounting to $2,051 were
transferred from the Plan (as a trust-to-trust transfer of
assets) into a qualified plan set-up for those employees who
were part of the divestiture of PRC Laser Corporation to
ROFIN-SINAR Technologies, Inc.
On April 1, 2003, assets amounting to $76,528 were
transferred into the Plan from the Universal Instruments
Corporation Profit Sharing Plan. Universal Instruments employees
were already participating in the Plan under the salary deferral
and matching contribution features.
On May 1, 2003, assets amounting to $1,218 were transferred
into the Plan from the Somero Enterprises, Inc. 401(K) Plan.
Somero employees began participating in the Plan on May 1,
2003.
On October 1, 2003, assets amounting to $2,403 were
transferred into the Plan from the Hover-Davis, Inc. 401(K)
Profit Sharing Plan. Hover-Davis employees began participating
in the Plan on October 1, 2003.
|
|
(8) |
Subsequent Events (dollars in thousands) |
On January 1, 2005, assets amounting to $13,765 were
transferred from the Midland Manufacturing Corp. 401(K) Profit
Sharing Plan. Midland Manufacturing employees began
participating in the Plan on January 1, 2005.
On January 1, 2005 assets amounting to $576 were
transferred from the Retirement Plan for employees of
Allen & Bennett, Inc. Allen & Bennett
employees began participating in the Plan on January 1,
2005.
On January 1, 2005, assets amounting to $1,694 were
transferred from the Compressor Components, Inc. Employees
Profit Sharing Plan. Compressor Components employees already
participated in the Plan on a salary deferral basis.
10
On January 1, 2005 employees of Dover Electronics, Inc. and
Dover Systems, Inc. began participating in the Plan.
On February 1, 2005 assets amounting to $3,032 were
transferred from the Plan (as a trust-to-trust transfer of
assets) into a qualified plan set-up for those employees who
were part of the divestiture of Tranter Radiator Products to
Buckingham TRP, Inc.
On May 31, 2005 the pension committee approved effective
September 1, 2005, provision to allow plan participants to
make hardship withdrawals under certain circumstances.
On May 31, 2005 the pension committee approved effective
September 1, 2005, the reduction in the number of
outstanding loans per participant from three to two. Loans
outstanding prior to September 1, 2005 are grandfathered
under the original plan provision.
11
DOVER CORPORATION RETIREMENT SAVINGS PLAN
SCHEDULE H, LINE 4i SCHEDULE OF ASSETS (HELD
AT END OF YEAR)
As of December 31, 2004
|
|
|
|
|
|
|
|
|
|
|
|
|
(a) |
|
(b) |
|
(c) |
|
(d) | |
|
(e) | |
|
|
|
|
Description of |
|
|
|
|
|
|
Identity of Issuer, Borrower, Lender, etc. |
|
Investment |
|
Cost | |
|
Fair Value | |
|
|
|
|
|
|
| |
|
| |
|
|
|
|
|
|
(Dollars in thousands) | |
*
|
|
Dover Corporation common stock accounts (4,446,079 shares) |
|
Common stock fund |
|
$ |
176,399 |
|
|
$ |
202,692 |
|
|
*
|
|
AXP Stock fund |
|
Mutual funds |
|
|
51,781 |
|
|
|
44,489 |
|
*
|
|
AXP New Dimensions fund |
|
Mutual funds |
|
|
83,396 |
|
|
|
73,899 |
|
|
|
Templeton Foreign fund |
|
Mutual funds |
|
|
17,292 |
|
|
|
19,240 |
|
|
|
AIM Constellation fund |
|
Mutual funds |
|
|
22,874 |
|
|
|
22,272 |
|
*
|
|
AXP Mutual fund Y |
|
Mutual funds |
|
|
18,383 |
|
|
|
17,644 |
|
|
|
Davis New York Venture fund |
|
Mutual funds |
|
|
27,376 |
|
|
|
33,979 |
|
|
|
Neuberger Berman Genesis trust |
|
Mutual funds |
|
|
40,174 |
|
|
|
52,128 |
|
|
|
Capital World Growth and Income |
|
Mutual funds |
|
|
11,106 |
|
|
|
11,957 |
|
|
|
Pimco Total Return fund |
|
Mutual funds |
|
|
22,781 |
|
|
|
22,551 |
|
|
*
|
|
Income fund |
|
Collective funds |
|
|
121,011 |
|
|
|
128,080 |
|
*
|
|
American Express Trust Long-Term Horizon fund |
|
Collective funds |
|
|
15,218 |
|
|
|
16,842 |
|
*
|
|
American Express Trust Medium-Term Horizon fund |
|
Collective funds |
|
|
10,549 |
|
|
|
11,954 |
|
*
|
|
American Express Trust Short-Term Horizon fund |
|
Collective funds |
|
|
5,413 |
|
|
|
5,954 |
|
*
|
|
AET Equity Index I |
|
Collective funds |
|
|
23,812 |
|
|
|
26,243 |
|
*
|
|
AET Emerging Growth II |
|
Collective funds |
|
|
8,916 |
|
|
|
10,769 |
|
|
*
|
|
Loan fund, Interest rate varies from 4.0% to 11.5%, maturity
dates vary from 1/1/2005 to 10/8/2034 |
|
Loans |
|
|
27,570 |
|
|
|
27,819 |
|
|
|
* |
Denotes party-in-interest |
12
DOVER CORPORATION RETIREMENT SAVINGS PLAN
SCHEDULE H, LINE 4a SCHEDULE OF DELINQUENT
PARTICIPANT CONTRIBUTIONS
As of December 31, 2004
(Dollars in thousands)
|
|
|
Participant Contributions Transferred Late to Plan |
|
Total that Constitute Nonexempt Prohibited Transactions |
|
|
|
$248
|
|
$248 |
13
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the Plan Administrator has duly caused this annual report
to be signed on its behalf by the undersigned hereunto duly
authorized.
|
|
|
Dover Corporation
|
|
Retirement Savings Plan
|
|
|
|
|
By: |
/s/ Joseph W. Schmidt
|
|
|
|
|
|
Joseph W. Schmidt, |
|
Vice President General Counsel, Secretary and |
|
Member of the Pension Committee |
|
(Plan Administrator) |
Dated: June 28, 2005
14
EXHIBIT INDEX
|
|
|
23.1
|
|
Consent of PricewaterhouseCoopers LLP |
15
EX-23.1:
Exhibit 23.1
CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
We hereby consent to the incorporation by reference in the
Registration Statement of Dover Corporation on Form S-8
(File No. 333-01419) of our report dated June 28, 2005
relating to the financial statements and financial statement
schedules of the Dover Corporation Retirement Savings Plan,
which appears in this Form 11-K.
|
|
|
/s/ PricewaterhouseCoopers
LLP
|
New York, New York
June 28, 2005