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| | 11/15/05, Summary Annual Rpt. - Retirement Plans - Almanac, Vol. 52, No. 12 |
 | | The value of plan assets, after subtracting liabilities of the plan, was $103,815,067 as of December 31, 2004, compared to $71,839,677 as of January 1, 2004. |
 | | This increase includes net unrealized appreciation in the value of plan assets; that is, the difference between the value of the plan’s assets at the end of the plan year and the value of assets at the beginning of the plan year or the cost of assets acquired during the plan year. |
 | | You also have the right to receive from the Plan Administrator, on request and at no charge, a statement of the assets and liabilities of the plan and accompanying notes, or a statement of income and expenses of the plan and accompanying notes, or both for the University of Pennsylvania Basic Plan. |
| www.upenn.edu /almanac/volumes/v52/n12/retireplan.html (628 words) |
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