arvinmeritor_11k.htm
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 11-K
(Mark One)
| þ |
|
ANNUAL REPORT PURSUANT TO SECTION
15(d) OF THE SECURITIES EXCHANGE ACT OF
1934
|
For the fiscal year ended December 31,
2009
OR
| c |
|
TRANSITION REPORT PURSUANT TO
SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934
|
For the transition period from
_____________ to _____________.
Commission file number: 1-15983
A. Full title of
the plan and address of the plan, if different from that of the issuer named
below:
ArvinMeritor, Inc. Savings
Plan
B. Name of issuer
of the securities held pursuant to the plan and the address of its principal
executive office:
ArvinMeritor, Inc.
2135 West Maple
Road
Troy, Michigan 48084
ARVINMERITOR, INC.
SAVINGS
PLAN |
| |
| TABLE OF
CONTENTS |
|
|
Page |
| REPORT OF INDEPENDENT REGISTERED
PUBLIC ACCOUNTING FIRM |
1 |
| |
|
| FINANCIAL STATEMENTS |
|
| |
|
| Statement
of Net Assets Available for Benefits |
2 |
|
as of December 31, 2009 and 2008 |
|
| |
|
| Statement of
Changes in Net Assets Available for Benefits |
3 |
|
for the Year Ended December 31, 2009 |
|
| |
|
| Notes to Financial
Statements |
4-10 |
| |
|
| SUPPLEMENTAL SCHEDULE AS OF
DECEMBER 31, 2009 |
|
| |
|
| Form 5500, Schedule H, Part IV, Line 4i –
Schedule of Assets (Held at End of Year) |
11 |
|
as of December 31,
2009 |
|
| |
|
| SIGNATURES |
12 |
| |
|
| EXHIBIT – Consent of Independent
Registered Public Accounting Firm |
13 |
Report of
Independent Registered Public Accounting Firm
To the
ArvinMeritor, Inc. Employee Benefit Plan Committee and Participants
We have audited the
accompanying statement of net assets available for benefits of ArvinMeritor,
Inc. Savings Plan (the "Plan") as of December 31, 2009 and 2008 and the related
statement of changes in net assets available for benefits for the year ended
December 31, 2009. 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 audits to obtain reasonable assurance about whether the financial
statements are free of material misstatement. The Plan is not required to have,
nor were we engaged to perform, an audit of its internal control over financial
reporting. Our audit included consideration of internal control over financial
reporting as a basis for designing audit procedures that are appropriate in the
circumstances, but not for the purpose of expressing an opinion on the
effectiveness of the Plan’s internal control over financial reporting.
Accordingly, we express no such opinion. 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 of the Plan as of December 31, 2009 and 2008 and the changes in
net assets for the year ended December 31, 2009, 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 schedule of assets (held at end of
year) as of December 31, 2009 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.
/s/ Plante &
Moran, PLLC
Clinton Township,
Michigan
June 28, 2010
ARVINMERITOR, INC.
SAVINGS PLAN |
| |
| STATEMENTS OF NET ASSETS AVAILABLE
FOR BENEFITS |
| AS OF DECEMBER 31, 2009
AND
2008 |
|
|
2009 |
|
2008 |
| ASSETS |
|
|
|
|
|
|
| Participant-directed investments |
|
|
|
|
|
|
| Mutual funds |
$ |
152,214,814 |
|
|
$ |
114,651,223 |
| Common collective fund |
|
37,554,966 |
|
|
|
31,557,833 |
| Common stock |
|
54,550,233 |
|
|
|
7,589,474 |
| Participant loans |
|
5,161,987 |
|
|
|
5,189,181 |
|
Total investments at fair
value |
|
249,482,000 |
|
|
|
158,987,711 |
| |
|
|
|
|
|
|
|
Cash |
|
307,773 |
|
|
|
5,004 |
| |
|
|
|
|
|
|
|
Accrued receivables |
|
730,573 |
|
|
|
3,145,468 |
| |
|
|
|
|
|
|
| TOTAL ASSETS |
|
250,520,346 |
|
|
|
162,138,183 |
| |
|
|
|
|
|
|
| LIABILITIES - Accrued
administrative expenses |
|
21,715 |
|
|
|
2,383 |
| |
|
|
|
|
|
|
| Net assets at fair value |
|
250,498,631 |
|
|
|
162,135,800 |
| |
|
|
|
|
|
|
| Adjustment from fair value to
contract value for |
|
|
|
|
|
|
| interest in common collective trust funds
relating |
|
|
|
|
|
|
| to fully benefit-responsive investment
contracts |
|
(1,127,766 |
) |
|
|
295,829 |
| |
|
|
|
|
|
|
| NET ASSETS AVAILABLE FOR
BENEFITS |
$ |
249,370,865 |
|
|
$ |
162,431,629 |
- 2 -
ARVINMERITOR, INC.
SAVINGS PLAN |
| |
| STATEMENT OF CHANGES IN NET ASSETS
AVAILABLE FOR BENEFITS |
| FOR THE YEAR ENDED DECEMBER 31,
2009 |
| CONTRIBUTIONS |
|
|
|
| Participant
contributions |
$ |
9,768,237 |
|
| Employer contributions, net of
forfeitures |
|
4,806,162 |
|
| |
|
Total contributions, net of
forfeitures |
|
14,574,399 |
|
| |
| INVESTMENT INCOME |
|
|
|
| Dividends and interest |
|
4,222,581 |
|
| Net appreciation in fair value of
investments |
|
90,014,370 |
|
| |
|
Net investment
income |
|
94,236,951 |
|
DEDUCTIONS |
|
|
|
| Benefits paid to
participants |
|
(21,800,185 |
) |
| Administrative expenses |
|
(71,929 |
) |
| |
|
Total deductions |
|
(21,872,114 |
) |
| |
| INCREASE IN NET ASSETS |
|
86,939,236 |
|
| NET ASSETS AVAILABLE FOR BENEFITS |
|
|
|
| Beginning of year |
|
162,431,629 |
|
| |
| End of year |
$ |
249,370,865 |
|
| |
|
|
|
See accompanying
notes to financial statements.
- 3 -
ARVINMERITOR, INC.
SAVINGS PLAN |
| |
| NOTES TO FINANCIAL
STATEMENTS |
| AS OF DECEMBER 31, 2009 AND 2008,
AND FOR THE YEAR ENDED DECEMBER 31,
2009 |
1. DESCRIPTION OF THE PLAN
The following description of the amended and restated ArvinMeritor, Inc.
Savings Plan (the “Plan”) is provided for general information purposes only.
Participants should refer to the Plan document for more complete information.
General – The Plan is a defined contribution
savings plan covering eligible salaried and certain non-union hourly employees
of ArvinMeritor, Inc. and other affiliated companies (the “Company” or
"ArvinMeritor"). Eligible employees may participate in the Plan immediately on
the date they become employees. The Plan is administered by the Company’s
Employee Benefit Plan Committee and the Plan Administrator. The trustee for the Plan assets is
T. Rowe Price Trust Company. The Plan is subject to the provisions of the
Employee Retirement Income Security Act of 1974 (“ERISA”).
Employee
Contributions
– Eligible employees may elect to contribute up to 20% of their compensation, by
electing to defer receipt of compensation (pre-tax contribution) or authorizing
deductions from compensation (after-tax contribution), subject to the limits
prescribed under the Internal Revenue Code (“IRC”). Participants can elect to
have their contributions invested in 5% increments in various investment funds.
The Plan allows participants who are at least age 50 by the end of the
plan year to make additional pre-tax contributions up to the limits prescribed
under the IRC.
Employer Matching
Contributions
– Participants are immediately eligible for matching contributions. The Company
matches 100% of the participant’s contribution up to the first 3% of eligible
compensation deferred and 50% of the participant’s contribution on the next 3%
of eligible compensation deferred. Company matching contributions are invested
according to the investment mix participants have elected for their own
contributions. Effective February 1, 2009, the Company suspended the employer
matching contribution for all current and future plan participants. The Company
match was reinstated effective November 16, 2009.
Employer Pension
Contributions
– Eligible employees hired on or after October 1, 2005 receive a Pension
Contribution into the Plan in lieu of accruing benefits under the Company's
defined benefit plan. Effective January 1, 2008, eligible employees hired prior
to October 1, 2005 who were not 50 years old with at least 10 years of service
with the Company, or had at least 20 years of service with the Company began
receiving Pension Contributions into the Plan in the same manner as salaried
employees hired after October 1, 2005. Pension Contributions are fully funded by
the Company and are made to all eligible employees regardless of whether they
choose to contribute to the Plan. Pension Contributions range between 2% and 4%
of participants’ compensation. Pension Contributions are invested according to
the investment mix participants have elected for their own
contributions.
Participant Accounts
– Individual
accounts are maintained for each plan participant. Each participant’s account is
credited with the participant’s contributions, the Company’s matching
contributions, Pension Contributions, if applicable, and an allocation of Plan
earnings, and is charged with withdrawals and an allocation of Plan losses and
administrative expenses.
- 4 -
ARVINMERITOR, INC.
SAVINGS PLAN |
| |
| NOTES TO FINANCIAL STATEMENTS –
(Continued) |
| AS OF DECEMBER 31, 2009 AND 2008,
AND FOR THE YEAR ENDED DECEMBER 31,
2009 |
Allocations are based on participants’ account balances, as defined. The
benefit to which a participant is entitled is the benefit that can be provided
from the participant’s vested account.
Investments – Participants direct the investment of
contributions into various investment options offered by the Plan. The Plan
currently offers 20 mutual funds, a common collective trust fund and the
Company’s common stock as investment options for participants.
Vesting – Amounts attributable to participant
contributions and employer matching contributions are fully vested at all times.
Pension Contributions vest in annual 20% increments beginning with the
completion of the second year of service. Participants become fully vested after
they reach six years of service. Forfeited Pension Contributions are netted
against employer contributions.
Plan
Withdrawals –
Vested amounts contributed may be withdrawn by, or distributed to, a participant
only upon (1) termination of employment or (2) attaining the age of 59½. Pre-tax
withdrawals prior to attaining age 59½ are not permitted except in the event of
retirement, disability or as a hardship distribution. Certain income tax
penalties may apply to withdrawals or distributions prior to age 59½. Upon
termination of service due to death, disability, retirement or other reasons, a
participant would generally receive an amount equal to the value of the
participant’s vested interest in their account as a lump-sum
distribution.
Transfers – The Company also sponsors a separate
defined contribution savings plan for certain hourly employees. The Plan allows
for employees changing status between union hourly and certain non-union hourly
or salaried to move invested assets to the Plan that corresponds to their
current status. During 2009, there were no transfers.
Participant
Loans
– Participants may borrow from their
accounts an amount not less than $1,000 and not greater than the lesser of (i)
$50,000 less the amount of loans outstanding during the preceding 12-month
period, (ii) amounts in the participant’s account attributable to participant
contributions, or (iii) one-half of the participant’s vested account balance.
The loans are secured by the balances in the respective participants' accounts.
Interest is charged at 1% over the prime rate in place at the loan
origination date, which is defined as the base rate on corporate loans posted by
at least 75% of the 30 largest U.S. banks. At year end, interest rates charged
on outstanding balances ranged from 4.25% to 9.50%. The loans are repaid through
payroll deductions over periods not to exceed 60 months unless they are for the
purchase of a primary residence. Payments of principal and interest are
reinvested under the participant’s current investment election for new
contributions. Participants may have only one outstanding loan.
Plan
Termination – Although
the Company has not expressed any intent to terminate the Plan, it reserves the
right to do so at any time. In the event of termination of the Plan,
participants with Pension Contribution balances would become fully vested.
- 5 -
ARVINMERITOR, INC.
SAVINGS PLAN |
| |
| NOTES TO FINANCIAL STATEMENTS –
(Continued) |
| AS OF DECEMBER 31, 2009 AND 2008,
AND FOR THE YEAR ENDED DECEMBER 31,
2009 |
2. SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES
Basis of
Accounting –
The financial statements are prepared in accordance with accounting principles
generally accepted in the United States of America.
Investment Valuation
– The Plan's investments are stated at fair
value, except for a stable value common collective trust fund that primarily
invests in benefit-responsive investment contracts (commonly referred to as a
stable value fund), which is valued at contract value. Contract value represents
investments at cost plus accrued interest income less amounts withdrawn to pay
benefits. The fair value of the stable value common collective trust fund is
based on discounting the related cash flows of the underlying guaranteed
investment contracts based on current yields of similar instruments with
comparable durations. Mutual funds and common stock are reported at fair value
based on quoted market prices. Participant loans are reported at their
outstanding balances, which approximate fair value. The methods described above
may produce a fair value calculation that may not be indicative of net
realizable value or reflective of future fair values. Furthermore, while the
Plan believes its valuation methods are appropriate and consistent with other
market participants, the use of different methodologies or assumptions to
determine the fair value of certain financial instruments could result in
different fair value measurement at the reporting date.
Security Transactions and Investment
Income – Purchases
and sales of securities are reported on a trade-date basis. Dividends are
recorded on the ex-dividend date and interest income is recorded on the accrual
basis.
Administrative
Expenses –
Administrative expenses for services required by the Plan document are paid by
the Plan. All expenses not required by the Plan are paid by the Company. The
amounts reported in the financial statements represent administrative expenses
paid by the Plan.
Benefit
Payments –
Benefit payments to participants are recorded upon distribution.
Use of
Estimates –
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. Actual results could differ from those estimates.
Risks and
Uncertainties
– The Plan utilizes various investment instruments which are exposed to various
risks related to, among other things, interest rate, foreign currency, credit,
and overall market volatility. Due to the level of risk associated with certain
investment securities, it is reasonably possible that changes in the values of
investment securities will occur in the near term and that such changes could
materially affect the amounts reported in the financial statements.
Change in
Presentation/Reclassification – The Plan expanded the presentation of
the investment categories in the fair value table in Note 4 from the prior
year’s presentation in accordance with applicable authoritative guidance. The
Plan also reclassified cash out of the investments section of Plan assets to the
non-investment assets section of Plan assets as it is not an interest-bearing
instrument.
- 6 -
ARVINMERITOR, INC.
SAVINGS PLAN |
| |
| NOTES TO FINANCIAL STATEMENTS –
(Continued) |
| AS OF DECEMBER 31, 2009 AND 2008,
AND FOR THE YEAR ENDED DECEMBER 31,
2009 |
3. INVESTMENTS
The Plan’s significant investments as of December 31, 2009 and 2008 are
as follows:
| |
|
2009 |
|
2008 |
|
|
Mutual funds - At fair
value: |
|
|
|
|
|
|
|
Goldman Sachs Core International Equity
Fund |
$ |
11,460,169 |
|
$ |
9,024,219 |
| |
T. Rowe Price
Mid-Cap Growth Fund |
|
26,212,457 |
|
|
18,936,745 |
|
|
T. Rowe Price
Growth and Income Fund |
|
22,494,383 |
|
|
18,110,945 |
|
|
Vanguard
Institutional Index Fund |
|
16,626,462 |
|
|
13,928,174 |
|
|
Pimco U.S. Total
Return Admin |
|
14,763,711 |
|
|
12,221,125 |
|
|
Common Collective Trust Fund - At
contract value: |
|
|
|
|
|
|
|
T. Rowe Price
Stable Value Common Trust Fund |
|
36,427,200 |
|
|
31,853,662 |
|
|
Common stock - At fair value: |
|
|
|
|
|
|
|
ArvinMeritor,
Inc. |
|
54,550,233 |
|
|
7,589,474 |
During 2009, the Plan’s investments (including gains and losses on
investments bought and sold, as well as held during the year) appreciated in
value as follows:
| |
Mutual funds |
$ |
33,145,427 |
|
|
Common stock - ArvinMeritor, Inc. |
|
56,868,943 |
|
|
|
|
|
Net appreciation |
$ |
90,014,370 |
4. FAIR VALUE MEASUREMENTS
Effective January 1, 2008, the Plan adopted the guidance in ASC Topic
820, Fair Value Measurements and
Disclosures. The
guidance provides a fair value hierarchy that prioritizes the inputs to
valuation techniques used to measure fair value. The hierarchy gives the highest
priority to unadjusted quoted prices in active markets for identical assets or
liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3).
The three levels of the fair value hierarchy under ASC Topic 820 are described
below:
- Fair values determined by
Level 1 inputs use quoted prices in active markets for identical assets or
liabilities that the Plan has the ability to access.
- Fair values determined by
Level 2 inputs use other inputs that are observable, either directly or
indirectly. These Level 2 inputs include quoted prices for similar assets and
liabilities in active markets, and other inputs such as interest rates and
yield curves that are observable at commonly quoted intervals.
- Level 3 inputs are
unobservable inputs, including inputs that are available in situations where
there is little, if any, market activity for the related asset or
liability.
- 7 -
ARVINMERITOR, INC.
SAVINGS PLAN |
| |
| NOTES TO FINANCIAL STATEMENTS –
(Continued) |
| AS OF DECEMBER 31, 2009 AND 2008,
AND FOR THE YEAR ENDED DECEMBER 31,
2009 |
In instances where inputs used to measure fair value fall into different
levels in the above fair value hierarchy, fair value measurements in their
entirety are categorized based on the lowest level input that is significant to
the valuation. The Plan's assessment of the significance of particular inputs to
these fair value measurements requires judgment and considers factors specific
to each asset or liability.
The Plan also holds other assets and liabilities not measured at fair
value on a recurring basis, including accrued income, accrued liabilities and
payables and unsettled trades. The fair value of these assets and liabilities is
equal to the carrying amounts in the accompanying financial statements due to
the short maturity of such instruments.
Investments measured at fair value on a recurring basis at December 31,
2009 are as follows:
| |
|
Level 1 |
|
Level 2 |
|
Level 3 |
|
Total |
|
|
Mutual Funds: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Equity investments |
$ |
95,664,105 |
|
$ |
- |
|
$ |
- |
|
$ |
95,664,105 |
|
|
Fixed income
investments |
|
14,763,711 |
|
|
- |
|
|
- |
|
|
14,763,711 |
|
|
Balanced
investments |
|
1,302,162 |
|
|
- |
|
|
- |
|
|
1,302,162 |
|
|
Retirement-year
based investments |
|
40,484,836 |
|
|
- |
|
|
- |
|
|
40,484,836 |
|
|
Common collective fund (1) |
|
- |
|
|
37,554,966 |
|
|
- |
|
|
37,554,966 |
|
|
Common stock - ArvinMeritor,
Inc. |
|
54,550,233 |
|
|
- |
|
|
- |
|
|
54,550,233 |
|
|
Participant loans |
|
- |
|
|
- |
|
|
5,161,987 |
|
|
5,161,987 |
|
|
|
|
|
Total investments at fair
value |
$ |
206,765,047 |
|
$ |
37,554,966 |
|
$ |
5,161,987 |
|
$ |
249,482,000 |
Investments
measured at fair value on a recurring basis at December 31, 2008 are as follows:
| |
|
Level 1 |
|
Level 2 |
|
Level 3 |
|
Total |
|
|
Mutual Funds: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Equity investments |
$ |
72,737,893 |
|
$ |
- |
|
$ |
- |
|
$ |
72,737,893 |
|
|
Fixed income
investments |
|
12,221,125 |
|
|
- |
|
|
- |
|
|
12,221,125 |
|
|
Balanced
investments |
|
1,138,140 |
|
|
- |
|
|
- |
|
|
1,138,140 |
|
|
Retirement-year based
investments |
|
28,554,065 |
|
|
- |
|
|
- |
|
|
28,554,065 |
|
|
Common collective fund (1) |
|
- |
|
|
31,557,833 |
|
|
- |
|
|
31,557,833 |
|
|
Common stock - ArvinMeritor,
Inc. |
|
7,589,474 |
|
|
- |
|
|
- |
|
|
7,589,474 |
|
|
Participant loans |
|
- |
|
|
- |
|
|
5,189,181 |
|
|
5,189,181 |
|
|
|
|
|
Total investments at fair
value |
$ |
122,240,697 |
|
$ |
31,557,833 |
|
$ |
5,189,181 |
|
$ |
158,987,711 |
(1) This category represents investments in the T. Rowe Price Stable
Value Common Trust Fund that invests primarily in investment contracts, a
variety of fixed income investments which may include corporate bonds, both U.S.
and non-U.S. municipal securities, and wrapper contracts. Investments are valued
at the net asset value per share multiplied by the number of shares held as of
the measurement date.
- 8 -
ARVINMERITOR, INC.
SAVINGS PLAN |
| |
| NOTES TO FINANCIAL STATEMENTS –
(Continued) |
| AS OF DECEMBER 31, 2009 AND 2008,
AND FOR THE YEAR ENDED DECEMBER 31,
2009 |
The following table sets forth a summary of the changes in the fair value
of the Plan's level 3 investment assets for the year ended December 31, 2009:
|
|
|
Participant |
| |
|
Loans |
|
|
Balance, beginning of
year |
$ |
5,189,181 |
|
|
|
Loan issuances, payments and settlements - net |
|
(27,194 |
) |
|
|
Balance, end of year |
$ |
5,161,987 |
|
5. TAX STATUS
The Internal Revenue Service has determined and informed the Company by a
letter dated September 25, 2003, that the Plan was designed in accordance with
applicable sections of the IRC. The Plan has been amended since receiving the
determination letter.
The Plan requested an updated determination letter on January 29, 2008.
The Plan Administrator believes that the Plan is currently designed and being
operated in compliance with the applicable requirements of the IRC and is exempt
from federal taxes as of December 31, 2009 and 2008. Therefore, no provision for
income taxes has been included in the Plan’s financial statements.
6. EXEMPT PARTY-IN-INTEREST TRANSACTIONS
Certain Plan investments are shares of mutual funds managed by T. Rowe
Price Trust Company. T. Rowe Price Trust Company is the trustee as defined by
the Plan and, therefore, these transactions qualify as exempt party-in-interest
transactions.
At December 31, 2009 and 2008, the Plan held 4,879,269 and 2,662,973
shares, respectively, of common stock of ArvinMeritor with a fair value of
$54,550,233 and $7,589,474, respectively. During the year ended December 31,
2009, the Plan recorded no dividend income from common stock of ArvinMeritor.
- 9 -
ARVINMERITOR, INC.
SAVINGS PLAN |
| |
| NOTES TO FINANCIAL STATEMENTS –
(Continued) |
| AS OF DECEMBER 31, 2009 AND 2008,
AND FOR THE YEAR ENDED DECEMBER 31,
2009 |
7. RECONCILIATION TO FORM 5500
The net assets on the financial statements differ from the net assets on
the Form 5500 due to a common collective trust fund being recorded at contract
value on the financial statements and at fair value on the Form 5500. The net
assets on the financial statements were lower than those on the Form 5500 at
December 31, 2009 by $1,127,766 and higher at December 31, 2008 by $295,829.
Additionally, the investment income on the Form 5500 for the year ended December
31, 2009 is higher than that on the financial statements by $1,423,595.
- 10 -
ARVINMERITOR, INC.
SAVINGS PLAN |
| |
| FORM 5500, SCHEDULE H, PART IV,
LINE 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR) |
| AS OF DECEMBER 31, 2009
|
EIN 38-3354643, Plan No.
333 |
| |
|
|
|
|
|
|
|
|
|
|
Description of
Investment |
|
|
|
|
|
| Identity of
Issuer, |
|
Including Maturity
Date, |
|
|
|
|
|
| Borrower, Lessor |
|
Rate of Interest,
Collateral, |
|
Cost |
|
Current |
| or Similar Party |
|
Par or Maturity
Value |
|
|
|
Value |
|
|
|
Mutual funds |
|
|
|
|
|
| Alliance
Bernstein |
|
Value Fund |
|
** |
|
$ |
2,068,549 |
| Goldman
Sachs |
|
Core
International Equity Fund |
|
** |
|
|
11,460,169 |
| Lord
Abbett |
|
Small Cap
Value |
|
** |
|
|
7,686,535 |
|
Pimco |
|
U.S. Total Return
Admin |
|
** |
|
|
14,763,711 |
|
Vanguard |
|
Institutional
Index Fund |
|
** |
|
|
16,626,462 |
| * T. Rowe
Price |
|
Mid-Cap Growth
Fund |
|
** |
|
|
26,212,457 |
| * T. Rowe Price |
|
Growth and Income
Fund |
|
** |
|
|
22,494,383 |
| * T. Rowe
Price |
|
Growth Stock
Fund |
|
** |
|
|
9,115,550 |
| * T. Rowe Price |
|
Retirement 2005
Fund |
|
** |
|
|
122,042 |
| * T. Rowe
Price |
|
Retirement 2010
Fund |
|
** |
|
|
6,879,872 |
| * T. Rowe Price |
|
Retirement 2015
Fund |
|
** |
|
|
1,477,932 |
| * T. Rowe
Price |
|
Retirement 2020
Fund |
|
** |
|
|
10,731,497 |
| * T. Rowe Price |
|
Retirement 2025 Fund |
|
** |
|
|
1,233,905 |
| * T. Rowe
Price |
|
Retirement 2030
Fund |
|
** |
|
|
11,419,835 |
| * T. Rowe Price |
|
Retirement 2035
Fund |
|
** |
|
|
889,674 |
| * T. Rowe
Price |
|
Retirement
2040 Fund |
|
** |
|
|
6,981,287 |
| * T. Rowe Price |
|
Retirement 2045
Fund |
|
** |
|
|
541,072 |
| * T. Rowe
Price |
|
Retirement 2050
Fund |
|
** |
|
|
102,530 |
| * T. Rowe Price |
|
Retirement 2055
Fund |
|
** |
|
|
105,190 |
| * T. Rowe
Price |
|
Retirement Income
Fund |
|
** |
|
|
1,302,162 |
| |
| |
|
Common collective trust
fund |
|
|
|
|
|
| * T. Rowe
Price |
|
Stable Value
Common Trust Fund |
|
** |
|
|
37,554,966 |
| |
| *
ArvinMeritor |
|
ArvinMeritor, Inc. common
stock |
|
** |
|
|
54,550,233 |
| |
| * Participant
loans |
|
Interest recorded at 1% over
prime |
|
|
|
|
|
| |
|
rate
(4.25%-9.50%), and maturities |
|
|
|
|
|
| |
|
up to 60
months |
|
|
|
|
5,161,987 |
| |
|
|
|
|
|
$ |
249,482,000 |
*
Party-in-interest
** Cost information
not required
- 11 -
SIGNATURES
The Plan. 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.
|
|
|
ARVINMERITOR, INC. SAVINGS
PLAN |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
By: |
/s/
Danielle Riddell |
|
|
|
Danielle Riddell, Plan
Administrator |
June 28,
2010
- 12
-