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Net assets of the plan for the which owns the Globdeand T&G, fell to $417.7 million. The plan was particularly hard hit bysome $171.5t million in losses within severao mutual funds. For example, the plan’xs largest holding, the Vanguard 500 Inde Investment fund, suffered a nearly 40 percenf lossin value. Another fund in the portfolio, the Vanguard Asset AllocationInvestment fund, dropped nearlyg 32 percent year-over-year. Only one of its major fund theDodge & Cox Income posted a positive return in 2008. Investments in fixecd income and insurance assetsgenerated $5.3 milliob in income. Dividend income of $11.6 million also helped offsert losses.
Interest income from the company’s borrowingh from its retirement fundtotaled $594,000. The Times has traditionall matched a fraction ofGlobe employees’ contributions to thei r 401(k) accounts, however a proposalk in front of leadership would eliminate the
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