11-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 11-K
(Mark One)
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ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the fiscal year ended December 31, 2006
OR
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o |
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TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE Act of 1934 |
For the transition period from
Commission File Number: 2-91561
A: Full title of the plan and the address of the plan, if different from that of the issuer
named below:
DOVER CORPORATION RETIREMENT SAVINGS PLAN
B: Name of issuer of the securities held pursuant to the plan and the address of its
principal executive office:
DOVER
CORPORATION
280 Park Avenue
New York, New York 10017
(212) 922-1640
Dover Corporation Retirement Savings Plan
Index to Financial Statements
December 31, 2006 and 2005
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* |
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Other schedules outlined by section 2520.103-10 have been omitted, as they are not
applicable. |
Report of Independent Registered Public Accounting Firm
The Plan Administrator
Dover Corporation Retirement Savings Plan
We have audited the accompanying statements of net assets available for benefits of Dover
Corporation Retirement Savings Plan as of December 31, 2006 and 2005, and the related statement of
changes in net assets available for benefits for the year ended December 31, 2006. 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 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. 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 benefits of Dover Corporation Retirement Savings Plan as
of December 31, 2006 and 2005, and the changes in its net assets available for benefits for the
year ended December 31, 2006, in conformity with accounting principles generally accepted in the
United States of America.
Our audits were performed for the purpose of forming an opinion on the basic financial statements
taken as a whole. The supplemental schedules of assets (held at end of year) and of delinquent
participant contributions at December 31, 2006 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 audit of the basic 2006 financial statements and, in our opinion, are
fairly stated in all material respects in relation to the basic 2006 financial statements taken as a
whole.
/s/ J.H. Cohn LLP
New York, New York
June 1, 2007
1
Dover Corporation Retirement Savings Plan
Statements of Net Assets Available for Benefits
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At December 31, |
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(in thousands) |
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2006 |
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2005 |
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Investments at fair value: |
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Dover Corporation common stock accounts |
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$ |
203,012 |
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$ |
181,389 |
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Mutual funds |
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375,907 |
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346,597 |
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Collective funds |
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225,622 |
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207,593 |
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Participant loans |
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25,803 |
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27,643 |
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Total investments at fair value |
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830,344 |
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763,222 |
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Receivables: |
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Participant contributions receivable |
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1,115 |
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1,040 |
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Company contributions receivable |
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12,970 |
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12,848 |
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Total receivables |
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14,085 |
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13,888 |
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Net assets available for benefits |
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$ |
844,429 |
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$ |
777,110 |
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See Notes to Financial Statements
2
Dover Corporation Retirement Savings Plan
Statement of Changes in Net Assets Available for Benefits
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For the Year Ended |
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(in thousands) |
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December 31, 2006 |
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Investment income: |
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Interest |
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$ |
2,483 |
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Dividends |
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7,650 |
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Net realized and unrealized appreciation
in fair value of investments |
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91,553 |
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Total investment income |
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101,686 |
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Additions: |
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Participant contributions |
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39,254 |
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Company contributions |
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23,299 |
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Rollovers |
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1,780 |
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Total additions |
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64,333 |
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Deductions: |
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Distributions |
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(95,377 |
) |
Transfer of plan assets out to unaffiliated plan |
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(3,323 |
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Total deductions |
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(98,700 |
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Net increase in net assets available
for benefits |
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67,319 |
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Net assets available for benefits |
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Beginning of year |
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777,110 |
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End of year |
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$ |
844,429 |
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See Notes to Financial Statements
3
Dover Corporation Retirement Savings Plan
Notes to Financial Statements
1. Description of the Plan
The following description of 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. Participants should refer to the Plan document for a more complete description
of the Plans provisions.
General
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).
The assets of the Plan that are invested in Dover stock are in a separate account
(Dover ESOP Stock Account), which constitutes an Employee Stock Ownership Plan (an
ESOP) under certain sections of the Internal Revenue Code. The Plan gives 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. Prior to December 31, 2006, stock
acquired under the Plan was temporarily held in a separate account in the Plan that does
not meet the ESOP requirements of the Internal Revenue Code and was transferred
periodically to the Dover ESOP Stock Account. Effective as December 31, 2006, this
account was merged into the Dover ESOP Stock Account, the name of which was changed to
the Dover Stock Account.
In June 2006, the Plans recordkeeper and trustee, Ameriprise Financial was acquired by
Wachovia Corporation (the Trustee), although the transfer of the Plans administration
and trusteeship to Wachovia did not occur until April 2007. The Trustee has been granted
authority by Dovers Pension Committee (the Plan Administrator), appointed by the
Board of Directors, to purchase and sell securities.
Eligibility
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. Prior to the
implementation of Automatic Enrollment, as described below, all employees of such
Employers who reached age 21 and completed one year of service generally were eligible
to participate in the Plan, except in the case of certain Employers whose employees were
immediately eligible to join the Plan once they had reached either age 18 or age 21
(depending on the units requirements).
Automatic Enrollment
Effective May 1, 2006, the Plan implemented automatic enrollment for all Employers
(except for employee groups covered by collective bargaining agreements that do not
allow such a change to the Plan). Pursuant to the new procedure, all eligible employees
who were not participating in the Plan as of April 30, 2006 were enrolled automatically
in the Plan at a 3% pre-tax contribution rate unless they formally opted-out of the Plan
within 30 days or elected to contribute at a higher or lower rate. This rule also
applies to any eligible employees hired after May 1, 2006. All of such participants
receive an immediate company match (where an Employer makes matching contributions),
with the participant generally becoming fully vested in such matching contributions
after attaining one year of
service. Pre-tax contributions of participants who are automatically enrolled in the
Plan will be invested in the appropriate Manning & Napier Target Maturity Fund (see Note
3) based on the participants date of birth unless the participant elects other
investments permitted under the Plan.
4
Dover Corporation Retirement Savings Plan
Notes to Financial Statements
Contributions
Employee
Employee pre-tax deferrals from eligible compensation to the Plan are voluntary.
Eligible compensation generally includes salary and wages, commissions and certain
bonuses. Generally, a participant may elect to exclude from 1% to 50% (in whole
percentages) of his or her eligible compensation (Participant Contribution) from
current taxable income by having such amount contributed to his or her account in the
Plan. 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 $220,000 for 2006 and
$210,000 for 2005 (as adjusted for future statutory changes) the amount of compensation
that may be taken into account under the Plan.
Employer
Most Employers 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. Employer Matching
Contributions may be made in the form of cash or Dover stock; however, historically,
Dover has only contributed cash to the Plan.
An Employer also may elect to make profit sharing contributions for a Plan year with
respect to its employees who have satisfied the age and service requirements specified
by such employer. Such contributions are allocated in proportion to the compensation of
participants who are employed by that Employer and are employees on the last day of the
Plan year whether or not they have deferred any of their compensation into the Plan.
Vesting
Participants are fully vested immediately with respect to their own contributions. Prior
to May 1, 2006 participants were immediately vested with respect to Employer Matching
Contributions, except for certain Employers whose employees were immediately
eligible to join the Plan, in which case Employer Matching Contributions generally were
subject to a one year of service vesting requirement. Effective May 1, 2006, Employer
Matching Contributions for all participants generally are vested after the participant
completes 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 (year-end reconciling 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.
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). Generally, a participants profit-sharing account
becomes fully vested after five years of service, upon the participants attainment of
age 65 while he or she is a Dover employee, in the event of his or her death or
permanent disability while a Dover employee, or if the Plan is terminated.
5
Dover Corporation Retirement Savings Plan
Notes to Financial Statements
Distributions and Forfeitures
A participants vested account balance in the Plan is distributable following the
participants retirement, death or other termination of employment. Unvested amounts are
forfeited and used to reduce future Employer contributions. At December 31, 2006 and
2005, forfeited unvested amounts that were unallocated to participants totaled $821,742
and $600,688, respectively. During 2006, approximately $230,000 of the forfeiture
balance in the Plan was used to offset current year employer contributions.
Hardship withdrawals are permitted for any participants who can demonstrate a financial
hardship which the Internal Revenue Service deems to be an immediate and heavy
financial need. The hardship withdrawal amount is limited to the amount necessary to
satisfy the financial need, plus taxes. Otherwise, the Plan does not permit withdrawals
(except for loans) during a participants active employment.
Distributions from the Plan are generally made in the form of a single lump sum,
although, the Plan allows installment distribution payments in the case of fully vested
terminated participants who have reached age 55.
Participant Loans
A participant may apply for a loan at any time. Effective September 1, 2005, the Plan
reduced the maximum amount of loans per participant that may be outstanding at any one
time from three to two. Loans outstanding prior to September 1, 2005 are grandfathered
under the prior Plan provision. 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 the Internal Revenue Code, 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 highest
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 10.79%.
Allocation Provisions
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 except that participants who are considered Dover insiders may
complete transfers involving Dover stock only during designated window periods. Prior to
December 31, 2006, participants were restricted from transferring all or any portion of
their Plan accounts directly into the Dover ESOP Stock Account.
Each participant has the right to roll over into the Plan certain distributions from
other qualified plans or conduit IRAs.
Participants are entitled to vote with respect to any Dover shares in their account in
the Plan in the same manner as other Dover stockholders.
6
Dover Corporation Retirement Savings Plan
Notes to Financial Statements
Administrative Expenses
Certain administrative expenses of the Plan related to the Trustee, recordkeeping, legal
and audit fees are paid by Dover. Fees or commissions associated with each of the
investment options and certain administrative expenses of the Plan 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.
2. Summary of Significant Accounting Policies
Basis of Presentation
The accompanying financial statements were prepared on the accrual basis of accounting
in conformity with accounting principles generally accepted in the United States.
Investments Valuation
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 (outstanding value), which approximates
fair value.
Investments Transactions and Income Recognition
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.
Funds temporarily awaiting investment are placed in a short-term investment fund of the
Trustee where they earn the prevailing market rate of interest.
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.
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 requires management to make estimates and
assumptions that affect the reported amounts of assets, liabilities, and changes
therein, and disclosure of contingent assets and liabilities. Actual results could
differ from those estimates.
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, including, but not limited to, interest rate, market and credit risks.
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 the near term would materially
7
Dover Corporation Retirement Savings Plan
Notes to Financial Statements
affect participants account balances and the amounts reported in the 2006 Statement of
Net Assets Available for Benefits and Statement of Changes in Net Assets Available for
Benefits.
Distributions to Participants
Distributions to participants are recorded in the Plans financial statements when paid.
Plan Termination
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, ERISA and the Internal Revenue Code. In the event of
termination, participants will become 100% vested in their Plan accounts.
3. Investments
On
February 28, 2006, Dover replaced the three RiverSource Trust Horizon lifestyle funds with
three Pro-Mix Target Maturity Funds, and added two additional Pro-Mix Target Maturity Funds to
the Plan. Each Pro-Mix Target Maturity Fund provides participants with a
self-allocating investment fund based on the participants date of birth. The names of
the Pro-Mix Target funds were changed to Manning & Napier Target Maturity Funds as of September 29, 2006. As the participant approaches his or her projected
retirement date, each specific Target Maturity Fund automatically adjusts its investment
allocation from a more aggressive mix at younger ages to an increasingly more
conservative mix at older ages. Existing participant account balances were transferred
from each Horizon fund to the appropriate Target Maturity Fund. Affected participants
were notified in advance of the implementation of the new funds and were provided with
an opportunity to change their investment allocations before the transfers took effect.
On February 15, 2006, RiverSource Investments, LLC completed a proxy vote during its
shareholder meeting in which several fund mergers were passed, two of which applied to
investment funds offered by the Plan. The two fund mergers, which were completed in
March 2006, were:
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RiverSource Stock Fund into the RiverSource Disciplined Equity Fund, and |
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RiverSource New Dimensions Fund into the RiverSource Large Cap Equity Fund. |
The RiverSource Disciplined Equity Fund (the Disciplined Fund) and the RiverSource
Large Cap Equity Fund (the Large Cap Fund) seek to provide shareholders with long-term
capital growth. Under normal market conditions, the Disciplined Fund invests at least
80% of its net assets in equity securities of companies listed on U.S. exchanges with
market capitalizations greater than $5 billion at the time of purchase. The Large Cap
Fund offers exposure across the large cap spectrum to core, growth and value stocks
within a single portfolio.
In addition, the Plan also offered the following investment funds during 2006:
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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 RiverSource Income Fund invests primarily in the RiverSouce Trust Income Fund II,
which invests in AAA credit quality bonds, book value warrants, and traditional
insurance contracts. |
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The PIMCO Total Return Fund (Administrative Class) invests primarily in a
portfolio of intermediate maturity fixed income securities, with investments in
U.S. treasury, corporate and mortgage-backed bonds. The fund also invests in
U.S. dollar and non U.S. dollar denominated securities of non U.S. issuers and
money market instruments. |
8
Dover Corporation Retirement Savings Plan
Notes to Financial Statements
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The RiverSource Balanced Fund invests in a balanced mix of U.S. stocks and
fixed income securities. |
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The Templeton Foreign Fund invests primarily in securities of companies
outside the U.S., including emerging markets. |
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The AIM Constellation Fund invests in companies likely to benefit from new
or innovative products, services or processes and that have demonstrated
superior earnings growth. |
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The RiverSource Trust Equity Index Fund I seeks to achieve the rate of
return of the Standard & Poors 500 Index. The fund invests in some or all of
the companies upon which the Standard & Poors 500 Index is based. |
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The Davis New York Venture Fund 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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The Neuberger Berman Genesis Fund invests primarily in undervalued stocks of
small-capitalization companies, which it defines as those companies with a
total market value of no more than $1.5 billion as measured at the time the
Fund first invests. |
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The RiverSource Trust Emerging Growth Fund II seeks to provide long-term
capital growth by investing primarily in high quality, small sized U.S. stocks
with significant growth potential. |
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The American Funds Capital World Growth and Income Fund seeks to provide
investors with long-term growth of capital while providing current income by
investing primarily in common stocks and bonds of well-established companies
located around the world. |
The fair value of investments that represent 5% or more of the Plans net assets
available for benefits are as follows:
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At December 31, |
(in thousands) |
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2006 |
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2005 |
|
|
|
|
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|
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|
|
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Dover Corporation common stock accounts |
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$ |
203,012 |
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$ |
181,389 |
|
RiverSource Income Fund |
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|
126,034 |
|
|
|
128,929 |
|
Neuberger Berman Genesis Fund |
|
|
72,354 |
|
|
|
78,291 |
|
RiverSource Large Cap Equity Fund |
|
|
65,678 |
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RiverSource New Dimensions Fund |
|
|
|
|
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|
64,272 |
|
Davis New York Venture Fund |
|
|
54,152 |
|
|
|
45,828 |
|
RiverSource Discipline Equity Fund |
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|
44,387 |
|
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RiverSource Stock Fund |
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|
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|
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|
41,860 |
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The Plans investments (including gains and losses on investments bought and sold,
as well as held during the year) appreciated in value as follows:
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For the Year Ended |
|
|
|
December 31, |
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(in thousands) |
|
2006 |
|
|
Dover Corporation common stock accounts |
|
$ |
37,579 |
|
Mutual funds |
|
|
38,418 |
|
Collective funds |
|
|
15,556 |
|
|
|
|
|
|
|
$ |
91,553 |
|
|
|
|
|
4. Related-Party Transactions
Certain Plan investments are shares of mutual or collective funds managed by the Trustee
or companies owned by 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.
9
Dover Corporation Retirement Savings Plan
Notes to Financial Statements
5. Income Tax Status
Dover has previously received a tax determination 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 believes that the Plan is designed and is
currently being operated in compliance with the applicable provisions of the Internal
Revenue Code.
6. Transfers In and Transfers Out
All of the following transfers 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.
2006
On March 15, 2006, assets amounting to $2.2 million were transferred out of the Plan (as
a trust-to-trust transfer of assets) into a qualified plan set up for those participants
who were part of the divestiture of Koolant Koolers and Schreiber Engineering to Glen
Dimplex.
On December 1, 2006, assets amounting to $1.1 million were transferred out of the Plan
(as a trust-to-trust transfer of assets) into a qualified plan set up for those
participants who were part of the divestiture of Heil Environmental Truck Equipment
Group (Tishomingo and Heil South) to Truck Bodies and Equipment International, Inc.
10
Dover Corporation Retirement Savings Plan
Notes to Financial Statements
7. Reconciliation of Financial Statements to Form 5500
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|
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(in thousands) |
|
At December 31, |
|
|
|
2006 |
|
|
2005 |
|
Net assets available for benefits per the accompanying
financial statements |
|
$ |
844,429 |
|
|
$ |
777,110 |
|
Deemed distributed loans |
|
|
(621 |
) |
|
|
(685 |
) |
|
|
|
|
|
|
|
Net assets available for benefits per Form 5500 |
|
$ |
843,808 |
|
|
$ |
776,425 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Year Ended |
|
(in thousands) |
|
December 31, 2006 |
|
|
Total interest income per the accompanying financial statements |
|
$ |
2,483 |
|
Interest income on deemed distributed loans |
|
|
5 |
|
|
|
|
|
Total interest income per Form 5500 |
|
$ |
2,488 |
|
|
|
|
|
|
|
|
|
|
Total distributions per the accompanying financial statements |
|
$ |
95,377 |
|
Deemed distributed loans offset by total distributions |
|
|
(177 |
) |
Change in deemed distributed loans |
|
|
118 |
|
|
|
|
|
Total distributions per Form 5500 |
|
$ |
95,318 |
|
|
|
|
|
8. Subsequent Events
On January 22, 2007, assets amounting to $176.0 million were transferred out of the Plan
(as a trust-to-trust transfer of assets) into a qualified plan set up for those
participants who were part of the divestiture of Universal Instruments, Vitronics-Soltec
and Hover-Davis to Francisco Partners.
Effective as of July 2, 2007, five new funds will be added to the investment options
available under the Plan and four investment options will be removed from the
investments currently allowed under the Plan. The new funds will be the American Funds
Growth Fund of American (R4), Evergreen Disciplined International Core Equity, Hartford
Small Company HLS IA, Northern Small Cap Value and Pacific Capital Small Cap Y. The
funds that will no longer be available under the Plan are the AIM Constellation Fund
(A), RiverSource Disciplined Equity Fund (R4), RiverSource Trust Emerging
Growth Fund II (CTF) and Templeton Foreign Fund (A).
11
|
|
|
|
|
EIN# 53-0257888
Plan# 030 |
Dover Corporation Retirement Savings Plan
Schedule H, line
4i - Schedule of Assets (Held at End of Year)
At December 31, 2006
(dollars in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
(a) |
|
(b) |
|
(c) |
|
(d) |
|
|
(e) |
|
|
|
|
|
Description of |
|
|
|
|
|
|
|
|
Identity of Issuer, Borrower, Lender, etc. |
|
Investment |
|
Cost |
|
|
Fair Value |
|
|
* |
|
Dover Corporation common stock accounts (4,115,978 shares) |
|
Common stock fund |
|
|
|
|
|
$ |
203,012 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Templeton Foreign Fund |
|
Mutual funds |
|
|
|
|
|
|
32,504 |
|
|
|
AIM Constellation Fund |
|
Mutual funds |
|
|
|
|
|
|
22,037 |
|
* |
|
RiverSource Balanced Fund |
|
Mutual funds |
|
|
|
|
|
|
19,278 |
|
|
|
Davis New York Venture Fund |
|
Mutual funds |
|
|
|
|
|
|
54,152 |
|
|
|
Neuberger Berman Genesis Fund |
|
Mutual funds |
|
|
|
|
|
|
72,354 |
|
|
|
American Funds Capital World Growth and Income Fund |
|
Mutual funds |
|
|
|
|
|
|
38,075 |
|
|
|
PIMCO Total Return Fund |
|
Mutual funds |
|
|
|
|
|
|
27,442 |
|
* |
|
RiverSource Discipline Equity Fund |
|
Mutual funds |
|
|
|
|
|
|
44,387 |
|
* |
|
RiverSource Large Cap Equity Fund |
|
Mutual funds |
|
|
|
|
|
|
65,678 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Manning & Napier Retirement Target Income Fund |
|
Collective funds |
|
|
|
|
|
|
8,856 |
|
|
|
Manning & Napier Retirement Target 2010 |
|
Collective funds |
|
|
|
|
|
|
18,870 |
|
|
|
Manning & Napier Retirement Target 2020 |
|
Collective funds |
|
|
|
|
|
|
3,990 |
|
|
|
Manning & Napier Retirement Target 2030 |
|
Collective funds |
|
|
|
|
|
|
28,598 |
|
|
|
Manning & Napier Retirement Target 2040 |
|
Collective funds |
|
|
|
|
|
|
2,710 |
|
* |
|
RiverSource Income Fund |
|
Collective funds |
|
|
|
|
|
|
126,034 |
|
* |
|
RiverSource Trust Equity Index Fund I |
|
Collective funds |
|
|
|
|
|
|
26,564 |
|
* |
|
RiverSource Trust Emerging Growth Fund II |
|
Collective funds |
|
|
|
|
|
|
10,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
* |
|
Loan fund, interest rate varies from 4.0% to 10.79%,
maturity dates vary
from 1/1/2007 to 10/8/2034 |
|
Loans |
|
|
|
|
|
|
25,803 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
|
|
|
|
|
|
$ |
830,344 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
* |
|
Denotes party-in-interest |
|
|
|
|
|
|
|
|
|
|
12
|
|
|
|
|
EIN# 53-0257888
Plan# 030 |
Dover Corporation Retirement Savings Plan
Schedule H, line 4a -Schedule of Delinquent Participant Contributions
At December 31, 2006
(dollars in thousands)
|
|
|
Participant Contributions Transferred Late to Plan
|
|
Total that Constitute Nonexempt Prohibited Transactions |
|
$14
|
|
$14 |
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 |
|
|
|
|
|
|
|
|
|
Dated:
June 21, 2007
|
|
By:
|
|
/s/ Joseph W. Schmidt
|
|
|
|
|
Joseph W. Schmidt, Vice President, |
|
|
|
|
General Counsel, Secretary and |
|
|
|
|
Member of the Pension Committee |
|
|
|
|
(Plan Administrator) |
|
|
14
EXHIBIT INDEX
23.1 Consent of J.H. Cohn LLP
15