-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, B1RjM7cNGqc8wONBlMZLjXUsQ0MNcNd8yqeW7k5/u2HwANrbOweLzoiix7yC2tD0 4cYgaXVuKB3YzZdDL/OgXA== 0000893220-08-001961.txt : 20080627 0000893220-08-001961.hdr.sgml : 20080627 20080627172811 ACCESSION NUMBER: 0000893220-08-001961 CONFORMED SUBMISSION TYPE: 11-K/A PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20071231 FILED AS OF DATE: 20080627 DATE AS OF CHANGE: 20080627 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WILMINGTON TRUST CORP CENTRAL INDEX KEY: 0000872821 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 510328154 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 11-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 001-14659 FILM NUMBER: 08923596 BUSINESS ADDRESS: STREET 1: RODNEY SQUARE NORTH STREET 2: 1100 NORTH MARKET ST CITY: WILMINGTON STATE: DE ZIP: 19890-0001 BUSINESS PHONE: 3026518378 MAIL ADDRESS: STREET 1: 1100 NORTH MARKET STREET CITY: WILMINGTON STATE: DE ZIP: 19890-0001 11-K/A 1 w61741e11vkza.htm FORM 11-K/A e11vkza
 
 
FORM 11-K/A
     
þ   ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the Fiscal Year Ended December 31, 2007
OR
     
o   TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the Transition Period From _________ to _________
Commission file number: 1-14659
A.   Full Title of Plan: Thrift Savings Plan
B.   Name of issuer of the securities held pursuant to the plan and address of its principal executive office:
Wilmington Trust Corporation
Rodney Square North
1100 North Market Street
Wilmington, DE 19890
 
 

 


 

1.   The Thrift Savings Plan affords staff members the opportunity to acquire from time to time shares of Wilmington Trust Corporation’s stock, as well as interests in funds which purchase a variety of investments from time to time and which may change from time to time. These include debt and equity securities. As of December 31, 2007, the names and addresses of those funds were the following:
Fidelity Advisor Equity Growth Institutional Account
Fidelity Advisor Diversified International Fund
Principal Large Cap Stock Index Separate Account
Vanguard Windsor II Fund
American Century Small Company Investment Fund
Principal Financial Group
710 9th Street
Des Moines, IA 50309
Wilmington Large-Cap Growth Fund
Wilmington Large-Cap Value Fund
Wilmington Large-Cap Core Fund
Wilmington Small-Cap Core Fund
Wilmington Multi-Manager International Fund
Wilmington Broad Market Bond Fund
Wilmington Multi-Manager Large-Cap Fund
Wilmington Multi-Manager Mid-Cap Fund
Wilmington Multi-Manager Small-Cap Fund
Wilmington Multi-Manager Real Asset Fund
Wilmington Stable Value Fund
Wilmington Trust Corporation Stock Fund
Wilmington Conservative Asset Allocation Fund
Wilmington Moderate Asset Allocation Fund
Wilmington Aggressive Asset Allocation Fund
Wilmington ETF Allocation Fund
Rodney Square North
1100 North Market Street
Wilmington, DE 19890
2. (a)       The written consent of the independent registered public accounting firm with respect to the financial statements for the Thrift Savings Plan is attached hereto as Exhibit 23.
  (b)   The financial statements required to be filed for the Thrift Savings Plan, which qualifies under the Employee Retirement Income Security Act of 1974 (“ERISA”), are attached hereto as Exhibit 99.

1


 

SIGNATURES
     Pursuant to the requirements of the Securities Exchange Act of 1934, the following individuals, who administer the Thrift Savings Plan, have signed this Form 11-K/A as of June 27, 2008.
         
  /s/ David R. Gibson     (SEAL)
  David R. Gibson, Chairperson   
 
  /s/ Gary E. Butler     (SEAL)
  Gary E. Butler   
 
  /s/ Rebecca A. DePorte     (SEAL)
  Rebecca A. DePorte   
 
  /s/ Michael A. DiGregorio     (SEAL)
  Michael A. DiGregorio   
 
  /s/ William J. Farrell II     (SEAL)
  William J. Farrell II   
 
  /s/ I. Gail Howard     (SEAL)
  I. Gail Howard   
 
  /s/ Kevyn N. Rakowski     (SEAL)
  Kevyn N. Rakowski   
 
  /s/ Diane M. Sparks     (SEAL)
  Diane M. Sparks  

2


 

         
EXHIBIT INDEX
             
Exhibit   Exhibit   Page Number
 
           
23
  Consent of independent registered public accounting firm     5  
 
           
99
  Financial statements     7  

 

EX-23 2 w61741exv23.htm CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM exv23
CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
EXHIBIT 23

 


 

Consent of Independent Registered Public Accounting Firm
To the Board of Directors
Wilmington Trust Corporation:
We consent to the incorporation by reference in the registration statements (Nos: 333-124248, 333-69479 and 33-43675) on Forms S-8 of Wilmington Trust Corporation of our report dated June 27, 2008, with respect to the statements of net assets available for benefits of the Wilmington Trust Thrift Savings Plan as of December 31, 2007 and 2006, the related statement of changes in net assets available for benefits for the years then ended, and the related supplemental Schedule H, Line 4i – Schedule of Assets (Held at End of Year) as of December 31, 2007, which report appears in the December 31, 2007 annual report on Form 11-K/A of the Wilmington Trust Corporation. Our report refers to a change in accounting for fully benefit-responsive investment contracts, in accordance with Financial Accounting Standards Board Staff Position AAG INV-1 and Statement of Position 94-4-1, Reporting of Fully Benefit-Responsive Investment Contracts Held by Certain Investment Companies Subject to the AICPA Investment Company Guide and Defined-Contribution Health and Welfare and Pension Plans.
/s/KPMG
Philadelphia, Pennsylvania
June 27, 2008

 

EX-99 3 w61741exv99.htm FINANCIAL STATEMENTS exv99
FINANCIAL STATEMENTS
EXHIBIT 99

 


 

Financial Statements and
Supplemental Schedule
Wilmington Trust
Thrift Savings Plan
Years ended December 31, 2007 and 2006
With Report of Independent Registered Public Accounting Firm

 


 

WILMINGTON TRUST THRIFT SAVINGS PLAN
FINANCIAL STATEMENTS AND SUPPLEMENTAL SCHEDULE
Years ended December 31, 2007 and 2006
         
    PAGE  
FINANCIAL STATEMENTS
       
 
       
Report of Independent Registered Public Accounting Firm
    1  
 
       
Statements of Net Assets Available for Benefits
    2  
 
       
Statements of Changes in Net Assets Available for Benefits
    3  
 
       
Notes to Financial Statements
    4  
 
       
SUPPLEMENTAL SCHEDULE
       
 
       
Schedule H, Line 4i — Schedule of Assets (Held At End of Year)
       
 
       
Note:   All other schedules required by the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974 have been omitted because there is no information to report.

 


 

KPMG   KPMG LLP
1601 Market Street
Philadelphia, PA 19103-2499
Report of Independent Registered Public Accounting Firm
To the Board of Directors
Wilmington Trust Corporation:
We have audited the accompanying statements of net assets available for benefits of the Wilmington Trust Thrift Savings Plan (the Plan) as of December 31, 2007 and 2006, and the related statements of changes in net assets available for benefits for the years then ended. These financial statements are the responsibility of the Plan’s 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 the Plan as of December 31, 2007 and 2006, and the changes in net assets available for benefits for the years then ended in conformity with U.S. generally accepted accounting principles.
Our audits were performed 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) as of December 31, 2007, is presented for the purpose of additional analysis and is not a required part of the basic financial statements but is supplementary information required by the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. This supplemental schedule is the responsibility of the Plan’s management. The supplemental schedule has been subjected to the auditing procedures applied in the audits of the basic financial statements and, in our opinion, is fairly stated in all material respects in relation to the basic financial statements taken as a whole.
As further described in Note C, during 2006 the Plan adopted Financial Accounting Standards Board Staff Position AAG INV-1 and Statement of Position 94-4-1, Reporting of Fully Benefit-Responsive Investment Contracts Held by Certain Investment Companies Subject to the AICPA Investment Company Guide and Defined-Contribution Health and Welfare and Pension Plans.
/s/ KPMG

Philadelphia, Pennsylvania
June 27, 2008
KPMG, LLP, a U.S. limited liability partnership, is the U.S.
member firm of KPMG International, a Swiss cooperative.

 


 

WILMINGTON TRUST THRIFT SAVINGS PLAN
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
                 
    December 31,  
    2007     2006  
ASSETS
               
 
               
Investments, at fair value
  $ 210,289,370     $ 194,493,318  
Contributions receivable — Employer
    159,193       149,747  
Participants
    503,175       486,107  
 
           
 
               
NET ASSETS, REFLECTING INVESTMENTS AT FAIR VALUE
    210,951,738       195,129,172  
 
               
ADJUSTMENT FROM FAIR VALUE TO CONTRACT VALUE FOR FULLY BENEFIT- RESPONSIVE INVESTMENT CONTRACTS
    138,752       893,723  
 
           
 
               
NET ASSETS AVAILABLE FOR BENEFITS
  $ 211,090,490     $ 196,022,895  
 
           
See notes to financial statements.

2


 

WILMINGTON TRUST THRIFT SAVINGS PLAN
STATEMENTS OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
                 
    Year Ended December 31,  
    2007     2006  
ADDITIONS
               
 
               
Investment income:
               
Net appreciation in fair value of investments
  $ 4,514,531     $ 17,528,763  
Dividends
    2,961,354       2,182,523  
Participant loan interest
    212,265       187,021  
 
           
 
 
    7,688,150       19,898,307  
 
           
Contributions:
               
Employer
    4,385,011       3,997,303  
Employee
    13,730,709       12,604,751  
Rollovers from other plans
    1,302,623       3,154,007  
 
           
 
 
    19,418,343       19,756,061  
 
           
 
               
Total additions
    27,106,493       39,654,368  
 
           
 
               
DEDUCTIONS
               
 
               
Benefits paid to participants
    11,912,606       12,849,295  
Administrative expenses
    126,292       185,225  
 
           
 
Total deductions
    12,038,898       13,034,520  
 
           
 
               
NET INCREASE
    15,067,595       26,619,848  
 
               
NET ASSETS AVAILABLE FOR BENEFITS AT BEGINNING OF YEAR
    196,022,895       169,403,047  
 
           
 
               
NET ASSETS AVAILABLE FOR BENEFITS AT END OF YEAR
  $ 211,090,490     $ 196,022,895  
 
           
See notes to financial statements.

3


 

WILMINGTON TRUST THRIFT SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2007 AND 2006
NOTE A — Significant Accounting Policies
The financial statements of the Wilmington Trust Thrift Savings Plan (the “Plan”) are prepared on the accrual basis. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.
Investments in the Pooled Separate Accounts are valued based on the current market value of the underlying assets of the fund. Investments of the Plan also include a money market fund as well as shares of the common stock of Wilmington Trust Corporation, which along with investments in the Mutual Funds, are valued at their last reported sales price on the last business day of the Plan year. The Wilmington Stable Value Fund (the “Stable Value Fund”) invests principally in traditional investment contracts. The fair value of the Stable Value Fund is based on the net assets at fair value as reported by Met Life, whose investment contract is the sole asset of the Stable Value Fund. The fair value is adjusted to contract value on the last day of the Plan year. Participant loans are carried at the unpaid principal balance, which approximates their fair value. Changes in unrealized appreciation or depreciation are reflected in the Statements of Changes in Net Assets Available for Benefits.
Purchases and sales of securities are recorded on a trade date basis. Dividend income is recorded at the ex-dividend date. Income from other investments is recorded as earned.
Benefits are recorded when paid.
NOTE B — Description of the Plan
The Plan is a defined contribution plan established January 1, 1985, which covers all full-time and part-time employees of the Company. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974 (“ERISA”).
Subject to limitations of the Internal Revenue Code (“IRC”), employees may contribute 1% to 25% of their base salaries and eligible incentives. The first 6% of each participant’s pre-tax contributions is eligible for matching contributions from the Company of $.50 for each $1.00 contributed by a participant. For 2007, an employee was eligible to become a participant in the Plan upon hire. For 2006, an employee was eligible to become a participant in the Plan on the next entry date (January 1, April 1, July 1, or October 1) following the first date of employment. Participation in the Plan is voluntary and participants have the option to invest in various securities and can change their investment options daily. For 2007, participants could change the level of their contributions at any time. For 2006, participants could change the level of their contributions quarterly.

4


 

WILMINGTON TRUST THRIFT SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2007 AND 2006
NOTE B — Description of the Plan (cont.)
Beginning January 1, 2007, any employee who did not enroll in the Plan was automatically enrolled at a 3% pre-tax deferral rate effective the first of the month following 30 days of employment. Automatic enrollment deferrals are invested in the Wilmington Trust Conservative Asset Allocation Fund. The 3% pre-tax deferral election and the default investment option remain in effect until the participant changes them.
Each participant’s account is credited with the participant’s contribution and an allocation of the Company’s contribution and Plan earnings (losses). The benefit to which a participant is entitled is that which can be provided from the participant’s account. Participants are vested in the Company’s matching contribution at the rate of 20% for each year of service and become 100% vested after five years of vesting service.
Participant contributions are always 100% vested. A terminating participant will forfeit the unvested portion of his or her account attributable to contributions made by the Company. Forfeitures may first be used to pay Plan expenses. Any forfeitures left after paying Plan expenses are used to offset employer contributions. Forfeitures for the years ended December 31, 2007 and 2006 were $50,863 and $50,368, respectively.
For 2007 and 2006, the Company paid the expenses of the Plan, except for the investment management fees paid by the participants invested in the non-Wilmington funds.
The Plan permits participants to borrow not more than the greater of one-half of their vested account balances or $50,000. All loans are subject to IRS and U.S. Department of Labor guidelines. The loans are secured by the vested balance in the participants’ accounts. Interest rates on outstanding loans range from 5.00% to 10.75%.
The Company has the right under the Plan to discontinue its contributions to and to amend or terminate the Plan at any time. Upon termination of the Plan, the accounts of participants vest and become nonforfeitable.
Wilmington Trust Company (“WTC”), a wholly owned subsidiary of the Corporation, is the Plan administrator. The Plan’s investments are held in a trust, for which WTC is trustee. Additional information regarding the Plan and the operation of the Plan is available from the Human Resources Department of WTC.
NOTE C — Investments
The fair value of individual investments that represent 5% or more of the Plan’s net assets available for benefits as of December 31 are as follows:

5


 

WILMINGTON TRUST THRIFT SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2007 AND 2006
NOTE C — Investments (cont.)
                 
    2007   2006
Common Stock: (fair value based on quoted market prices)
               
* Wilmington Trust Corporation Common Stock
  $ 19,905,072     $ 23,046,369  
 
               
Common/ Collective Trusts: (estimated fair value)
               
* Wilmington Stable Value Fund
    25,488,902       23,811,288  
 
               
Mutual Funds: (fair value based on quoted market prices)
               
Vanguard Windsor II Fund
    16,151,025       14,548,107  
 
               
* Wilmington Multi-Manager International I Fund
    20,649,882       16,583,479  
 
               
* Wilmington Broad Market Bond Fund
    N/A       9,824,605  
 
               
* Wilmington Small-Cap Core I Fund
    13,805,681       15,151,803  
 
               
* Wilmington Large-Cap Value I Fund
    16,761,271       16,637,588  
 
               
* Wilmington Large-Cap Growth I Fund
    15,115,180       14,151,248  
 
               
Fidelity Advisor Diversified International I Fund
    12,536,584       9,922,425  
 
*   Indicates parties-in-interest.
During 2007 and 2006, the Plan’s investments (including investments purchased and sold, as well as held during the year) appreciated/(depreciated) in fair value as follows:
                 
    Year Ended December 31,  
    2007     2006  
 
               
Pooled Separate Accounts (estimated fair value)
  $ 372,129     $ 905,321  
 
               
Wilmington Trust Corporation Common Stock (fair value based on quoted market prices)
    (3,770,784 )     1,854,006  
 
               
Common/ Collective Trusts (estimated fair value)
    1,184,877       1,046,770  
 
               
Mutual Funds (fair value based on quoted market prices)
    6,728,309       13,722,666  
 
           
 
               
 
  $ 4,514,531     $ 17,528,763  
 
           

6


 

WILMINGTON TRUST THRIFT SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2007 AND 2006
NOTE C — Investments (cont.)
On December 29, 2005, the Financial Accounting Standards Board (“FASB”) issued Financial Accounting Standards Board Staff Position (FSP) AAG INV-1 and Statement of Position 94-4-1, Reporting of Fully Benefit-Responsive Investment Contacts Held by Certain Investment Companies Subject to the AICPA Investment Company Audit Guide and Defined-Contribution Health and Welfare and Pension Plans (the “FSP”). The FSP provides a definition of fully benefit-responsive investment contracts and guidance on financial statement presentation and disclosure of fully benefit-responsive investment contracts. The Plan adopted the FSP for the year ended December 31, 2006.
One of the investment options offered by the Plan, the Stable Value Fund, is a common collective trust that is fully invested in investment contracts deemed to be fully benefit-responsive within the meaning of the FSP. The FSP requires fully benefit-responsive contracts to be valued at fair value and adjusted to contract value. Contract value is the relevant measure to the Plan because it is the amount that is available for Plan benefits. The adoption of the FSP had no impact on net assets available for plan benefits or changes in net assets available for plan benefits.
In the Statements of Net Assets Available for Benefits, the Plan is required to reflect this investment at fair value, with a corresponding adjustment to contract value. The fair value of this fund as of December 31, 2007 and 2006 was $25,488,902 and $23,811,288, respectively. The contract value of the fund as of December 31, 2007 and 2006, which is a component of net assets available for benefits, totaled $25,627,654 and $24,705,011, respectively. The average yield and crediting interest rate for the Stable Value Fund for the years ended December 31, 2007 and 2006 was 4.85% and 4.55%, respectively.
NOTE D — Income Tax Status
The Plan has received a favorable determination letter from the Internal Revenue Service dated September 3, 2004, stating that the Plan and related trust are designed in accordance with the applicable sections of the Internal Revenue Code (IRC) and, therefore, the related trust is exempt from taxation. The Plan has been amended since receiving the determination letter. However, the Plan administrator believes that the Plan is designed and is currently being operated in compliance with the applicable provisions of the IRC. Accordingly, the accompanying financial statements do not include a provision for income taxes.

7


 

WILMINGTON TRUST THRIFT SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2007 AND 2006
NOTE E — Reconciliation of Financial Statements to Form 5500
The following is a reconciliation of net assets available for benefits per the financial statements to the Form 5500:
                 
    December 31,  
    2007     2006  
 
               
Net assets available for benefits per the financial statements
  $ 211,090,490     $ 196,022,895  
Adjustment from contract value to fair value for fully benefit-responsive investment contracts held by the Stable Value Fund
    (138,752 )     (893,723 )
Amounts allocated to withdrawn participants
          (46,672 )
 
           
Net assets available for benefits per the Form 5500
  $ 210,951,738     $ 195,082,500  
 
           
The following is a reconciliation of benefits paid to participants per the financial statements to the Form 5500:
                 
    2007     2006  
Benefits paid to participants per the financial statements
  $ 11,912,606     $ 12,849,295  
Add: Amounts allocated on Form 5500 to withdrawn participants at December 31, 2007 and 2006, respectively
          46,672  
Less: Amounts allocated to withdrawn participants at December 31, 2006 and 2005, respectively
    (46,672 )     (520,471 )
 
           
 
               
Benefits paid to participants per the Form 5500
  $ 11,865,934     $ 12,375,496  
 
           
Amounts allocated to withdrawn participants are recorded on the Form 5500 for benefit claims that have been processed and approved for payment prior to year-end but not yet paid.
The following is a reconciliation of net increase in net assets available for benefits per the financial statements to the Form 5500:
         
    December 31,  
    2007  
Net increase in net assets available for benefits per the financial statements
  $ 15,067,595  
Add: Amounts allocated to withdrawn participants at December 31, 2006
    46,672  
Add: Adjustment from contract value to fair value for fully benefit-responsive investment contracts held by the Stable Value Fund at December 31, 2007
    (138,752 )
Less: Adjustments from contract value to fair value for fully benefit-responsive investment contracts held by the Stable Value Fund at December 31, 2006
    893,723  
 
     
Net increase in net assets available for benefits per the Form 5500
  $ 15,869,238  
 
     

8


 

WILMINGTON TRUST THRIFT SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2007 AND 2006
NOTE F — Related-Party Transactions
Plan investments include shares of the common stock of the Corporation. As of December 31, 2007 and 2006, the Wilmington Trust Corporation Fund held 565,485 and 546,511 shares of the Corporation’s common stock, respectively. WTC is the trustee as defined by the Plan and, therefore, the transactions qualify as party-in-interest transactions. The participants pay the investment management fees associated with the non-Wilmington funds. Other fees incurred for investment management, custodial and recordkeeping services were paid by WTC for the years ended December 31, 2007 and 2006.
Participants have loans from their fund accounts outstanding in the amount of $3,263,072 and $3,003,209 as of December 31, 2007 and 2006, respectively.
NOTE G — Risk and Uncertainties
The Plan invests in various investment securities. Investment securities are exposed to various risks such as interest rate, market, and credit risks. Due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect participants’ account balances and the amounts reported in the statement of net assets available for benefits.

9


 

SCHEDULE H, Line 4i — SCHEDULE OF ASSETS (HELD AT END OF YEAR)
Wilmington Trust Thrift Savings Plan
EIN 51 0291463
PLAN NUMBER 002
PLAN YEAR END 12/31/2007
                         
        (C)        
    (B)   Description of investment        
    Identity of issuer,   including maturity date, rate of        
    borrower,   interest, collateral, par or   (D)   (E)
(A)   lessor or similar party   maturity value.   Shares / Units   Current Value
 
  Principal Life
Insurance Company
  Pooled Separate Accounts
PRIN LARGE- CAP STK IDX SEP ACCT
    141,099     $ 8,067,702  
 
  Principal Life
Insurance Company
  Pooled Separate Accounts
PRIN MID- CAP STK IDX SEP ACCT
    7,031       160,614  
*
  Wilmington Trust
Corporation
  Corporate Stock — Common Wilmington Trust Corporation     565,485       19,905,072  
*
  Principal Life
Insurance Company
  Common/Collective Trusts
WILMINGTON STABLE VALUE FUND
    196,511       25,488,902  
 
  Principal Life
Insurance Company
  Registered Investment Company
VANGUARD WINDSOR II FUND
    516,667       16,151,025  
 
  Principal Life
Insurance Company
  Registered Investment Company
FIDELITY ADV EQ GROWTH INSTL
    118,968       8,158,843  
 
  Principal Life
Insurance Company
  Registered Investment Company
FIDELITY ADV DIV INTL I FUND
    564,965       12,536,584  
 
  Principal Life
Insurance Company
  Registered Investment Company
AMERICAN CENTURY SM CO INV FUND
    948,419       7,871,879  
*
  Principal Life
Insurance Company
  Registered Investment Company
WILMINGTON BROAD MARKET BOND FUND
    1,079,020       10,542,022  
*
  Principal Life
Insurance Company
  Registered Investment Company
WILMINGTON LARGE-CAP CORE I FUND
    221,670       4,185,138  
*
  Principal Life
Insurance Company
  Registered Investment Company
WILMINGTON LARGE-CAP STRATEGIC
    518,649       7,121,046  
*
  Principal Life
Insurance Company
  Registered Investment Company
WILMINGTON LARGE-CAP VALUE I FUND
    1,479,371       16,761,271  
*
  Principal Life
Insurance Company
  Registered Investment Company
WILMINGTON LARGE-CAP GROWTH I FUND
    1,179,952       15,115,180  
*
  Principal Life
Insurance Company
  Registered Investment Company
WILMINGTON REAL ESTATE PTFOLIO
    296,005       4,703,521  
*
  Principal Life
Insurance Company
  Registered Investment Company
WILMINGTON SMALL-CAP CORE I FUND
    1,769,959       13,805,681  
*
  Principal Life
Insurance Company
  Registered Investment Company
WILMINGTON SMALL-CAP STRATEGIC
    246,790       2,524,665  
*
  Principal Life
Insurance Company
  Registered Investment Company
WILMINGTON MULTI-MGR INTL I FUND
    2,131,051       20,649,882  
*
  Principal Life
Insurance Company
  Registered Investment Company
WILMINGTON AGGR ASSET ALLOC INST FUND
    515,722       6,064,889  
*
  Principal Life
Insurance Company
  Registered Investment Company
WILMINGTON CONS ASSET ALLOC INST FUND
    106,980       1,160,728  
*
  Principal Life
Insurance Company
  Registered Investment Company
WILMINGTON ETF ASSET ALLOC INST FUND
    332,728       3,996,060  
*
  Principal Life
Insurance Company
  Registered Investment Company
WILMINGTON MOD ASSET ALLOC INST FUND
    126,902       1,404,809  
 
  Northern Institutional Government   Money Market Mutual Fund     630,453       630,453  
*
  Participant Loans   Range of Interest Rates Rates Range From 5.00% to 10.75%     3,263,072       3,263,072  
*
  Wilmington Trust
Company
  Savings Accounts Rates Range From .20% to .30%     20,332       20,332  
 
                     
 
      Total           $ 210,289,370  
 
                     
 
*   Indicates parties-in-interest
See accompanying Report of Independent Registered Public Accounting Firm.

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