AONSavingPlan2012

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 11-K
 
x       Annual Report Pursuant to Section 15(d) of the Securities Exchange Act of 1934
 
For the fiscal year ended December 31, 2012
 
OR
 
o           Transition Report Pursuant to Section 15(d) of the Securities Exchange Act of 1934
 
Commission file number 1-7933
 
A.      Full title of the plan and the address of the plan, if different from that of the issuer named below:
 
Aon Savings Plan
 
B.        Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:
 
Aon plc
8 Devonshire Square
London EC2M 4PL





S I G N A T U R E S
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the Committee acting as Plan Administrator, has duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.
 
AON SAVINGS PLAN
 
BY THE COMMITTEE
  
/s/ MICHAEL NELLER
 
Michael Neller
 
 
 
Date:
 
June 28, 2013
 





FINANCIAL STATEMENTS AND SUPPLEMENTAL SCHEDULE

AON SAVINGS PLAN

Years Ended December 31, 2012 and 2011

With Report of Independent Registered Public Accounting Firm

Employer Plan Identification #36-3051915

Plan #020




AON SAVINGS PLAN

FINANCIAL STATEMENTS AND SUPPLEMENTAL SCHEDULE

Years Ended December 31, 2012 and 2011

CONTENTS
 
 
Financial Statements:
 
 
 
 
 
 
 
 
 
Supplemental Schedules:
 
 
 
 
 
 
 
Consent of Independent Registered Public Accounting Firm
 





Report of Independent Registered Public Accounting Firm
The Retirement Plan Governance and Investment Committee
Aon Savings Plan
We have audited the accompanying statements of net assets available for benefits of Aon Savings Plan as of December 31, 2012 and 2011, and the related statement 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. We were not engaged to perform an audit of the Plan's internal control over financial reporting. Our audits 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 also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and 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 Aon Savings Plan at December 31, 2012 and 2011, and the changes in its net assets available for benefits for the years then ended, in conformity with U.S. generally accepted accounting principles.
Our audits were conducted for the purpose of forming an opinion on the financial statements taken as a whole. The accompanying supplemental schedule of assets (held at end of year) as of December 31, 2012, is presented for purposes of additional analysis and is not a required part of the 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. Such information has been subjected to the auditing procedures applied in our audits of the financial statements and, in our opinion, is fairly stated in all material respects in relation to the financial statements taken as a whole.


/s/Ernst & Young LLP

Chicago, Illinois
June 28, 2013




Employer Plan Identification #36-3051915
Plan #020
AON SAVINGS PLAN
Statements of Net Assets Available for Benefits

(in thousands)

 
 
December 31
 
2012
 
2011
Assets
 
 
 
 
 
 
 
Investments, at Fair Value:
 
 
 
Aon plc Class A Ordinary Shares
$
156,119

 
$
153,204

Brokerage Accounts - Other Common and Preferred Stocks and Mutual Funds
30,187

 
19,653

Other Investments, at Fair Value
3,550,667

 
1,535,653

 
 
 
 
Total Investments
3,736,973

 
1,708,510

 
 
 
 
Receivables:
 
 
 
Company Contributions

 

Participant Contributions

 

Pending Trade Sales
1,187

 

Accrued Interest and Dividends
1,080

 

Notes Receivable from Participants
52,800

 
19,327

 
 
 
 
Total Receivables
55,067

 
19,327

 
 
 
 
Liabilities:
 
 
 
Pending Trade Purchases
(613
)
 

Accrued Expenses
(579
)
 

 
 
 
 
Total Liabilities
(1,192
)
 

 
 
 
 
Adjustment from Fair Value to Contract Value for Fully Benefit-Responsive Investment Contracts
(9,455
)
 

Net Assets Available for Benefits
$
3,781,393

 
$
1,727,837


See notes to financial statements.




2


Employer Plan Identification #36-3051915
Plan #020
AON SAVINGS PLAN
Statements of Changes in Net Assets Available for Benefits

(in thousands)

 
December 31
 
2012
 
2011
Additions
 
 
 
 
 
 
 
Net Investment Income:
 
 
 
Interest Income and Dividends
$
16,407

 
$
36,136

Aon plc Dividends
1,392

 
1,958

 
 
 
 
Total Net Investment Income
17,799

 
38,094

 
 
 
 
Interest Income on Notes Receivable from Participants
2,398

 
894

 
 
 
 
Contributions:
 
 
 
Company
111,651

 
52,925

Participants
156,055

 
77,914

Rollovers
13,191

 
6,279

 
 
 
 
Total Contributions
280,897

 
137,118

 
 
 
 
Total Additions
301,094

 
176,106

 
 
 
 
Deductions:
 
 
 
 
 
 
 
Benefit Payments
(253,254
)
 
(171,207
)
Management and Administrative Fees
(1,248
)
 
(1,195
)
 
 
 
 
Total Deductions
(254,502
)
 
(172,402
)
 
 
 
 
Net Appreciation (Depreciation) in Fair Value of Investments
435,785

 
(47,757
)
 
 
 
 
Net Increase (Decrease) in Net Assets Available for Benefits
482,377

 
(44,053
)
 
 
 
 
Net Assets Available for Benefits at Beginning of Year
1,727,837

 
1,771,890

 
 
 
 
Plan Merger
1,571,179

 

 
 
 
 
Net Assets Available for Benefits at End of Year
$
3,781,393

 
$
1,727,837


See notes to financial statements.


3


Employer Plan Identification #36-3051915
Plan #020

AON SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

Year Ended December 31, 2012

1.
Description of Plan
General

On April 2, 2012, Aon plc completed the reorganization of the corporate structure of the group of companies controlled by its predecessor, Aon Corporation, as holding company of the Aon group, pursuant to which Aon Corporation merged with one of its indirect, wholly owned subsidiaries and Aon plc became the publicly held parent company of the Aon group. This transaction is referred to as the Redomestication.

The Aon Savings Plan (the Plan) was authorized by the Board of Directors of Aon Corporation (Aon or the Company or Plan Sponsor). It is a defined contribution plan with a salary deferral feature and an employee stock ownership (ESOP) feature. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (ERISA).

Participants in the Aon plc Class A Ordinary Shares ESOP Fund (the ESOP Fund) have the option to reinvest dividends in additional shares of Aon plc Class A Ordinary Shares in the Plan or receive dividends in cash. Participants are allowed to immediately diversify any Company-matching contributions allocated to the ESOP Fund.

The Hewitt Associates Retirement and Savings Plan (the Hewitt Plan) merged into the Plan effective the close of business on December 31, 2011. Participants in the Hewitt Plan commenced participation in the Plan on January 1, 2012. Accordingly, participant accounts of approximately $1.6 billion were transferred into the Plan in January 2012.

Effective January 1, 2012, the Plan changed trustees from State Street Bank and Trust Company to the Northern Trust Company (the Trustee). In addition, the plan changed record-keeper from ING to Aon Hewitt Associates.

The following description of the Plan provides only general information. Participants of the Plan should refer to the Plan Document for a more complete description of the Plan.


4


1.
Description of Plan (continued)
Eligibility and Participation

Employees other than field sales agents or employees scheduled to work less than 20 hours per week are immediately eligible to participate. Field sales agents and employees scheduled to work less than 20 hours per week are eligible to participate after completing one year of service and attaining the age of 21. Participants must complete one year of service to be eligible for Company-matching contributions.

Contributions

Participant – Participant contributions are made by means of regular payroll deductions. Non-highly compensated participants, as defined by the Internal Revenue Code (IRC), may elect to make contributions between 1% and 25% of their compensation, as defined by the Plan. Highly compensated participants, as defined by the IRC, may elect to make contributions between 1% and 12% of their compensation, as defined by the Plan. Effective January 1, 2012, all eligible employees may elect to contribute up to 50% of their compensation, as defined by the Plan.

Participant contributions are limited to amounts allowed by the Internal Revenue Service (IRS). Accordingly, the maximum participant contribution was $17,000 in 2012 and $16,500 in 2011. In addition to regular participant contributions, catch-up contributions of up to $5,500 for 2012 and 2011 were allowed for any participants who were age 50 or older during the Plan year.

New employees are automatically enrolled in the Plan at a 4% contribution rate after 30 days of service unless the election is waived. After participants have completed six months of service, their automatic enrollment contribution will increase by 1% each April until reaching 6%. Participants can change their deferral percentage or investment selections at any time after initial enrollment.

For automatic enrollment, contributions to Plan accounts are automatically invested in the applicable Target Retirement Portfolio. Target Retirement Portfolios are a premixed portfolio of investments based on the participant’s age. Target Retirement Portfolios are managed with the goal of providing investors with an optimal level of return and risk based on a target retirement date (for example, 2020, 2030, 2040 or 2050).

The Plan allows participants to make Roth 401(k) contributions to the Plan. Roth contributions are made on an after-tax basis, and participants would then owe no further tax on these contributions or their earnings.

Company – For 2012 and 2011, the Company contributed an amount equal to 100% of the first 6% of a participant’s compensation that a participant contributes to the Plan. These contributions are made concurrent with participant contributions. The Company may make a further discretionary contribution as determined by the Company’s Board of Directors. For 2012 and 2011, this discretionary contribution was $0.

The Aon Retirement Account is for employees hired after January 1, 2004, who are not eligible for participation in the Aon Pension Plan.

5


1.
Description of Plan (continued)

The Aon Retirement Account was funded entirely by Company contributions. No employee contributions were allowed. On February 4, 2009, the Company announced that the Aon Retirement Account portion of the Plan was being frozen with the effective date of December 31, 2008.

Investment Options

Both participant and Company contributions to the Plan will be invested in any of the various investment alternatives offered by the Plan in any whole percentages as directed by the participant. Additionally, a brokerage account is offered, whereby participants can invest their self-directed contributions in various stock, mutual funds and other investments.

Participant Accounts

Each participant’s account is credited with the participant’s contribution and allocations of (a) the Company’s contributions and (b) Plan earnings (losses). The benefit to which a participant is entitled is the benefit that can be provided from the participant’s account.

Vesting

Participants are fully vested in their contributions plus actual earnings of the Plan. Participants become 100% vested in the employer contributions (including amounts in the Aon Retirement Account) after five years of Plan service, according to a graded vesting schedule. All contributions made after January 1, 2012, were 100% vested immediately.

Forfeitures

Forfeitures of $645 thousand for 2012 and $1.9 million for 2011 were used to provide partial funding for Company contributions and to pay other expenses of the Plan.

Benefit Payments

Upon retirement or termination of service, a participant will receive a lump-sum payment equal to the participant’s vested balance. The participant may elect to receive this payment directly or to be rolled into another plan or IRA. Vested amounts of the ESOP may be received in cash or Aon plc Class A Ordinary Shares.

Plan Termination

Although it has not expressed any intent to do so, the Company has the right under the Plan to discontinue its contributions at any time and to terminate the Plan subject to the provisions of ERISA. In the event of Plan termination, participants will become 100% vested in their accounts.

6


1.
Description of Plan (continued)

Participant Loans

Under the loan provision of the Plan, each participant is permitted one loan in a twelve-month period, and the outstanding balance of all loans made to a participant may not exceed the lesser of $50,000 or 50% of the vested portion of the participant’s account, excluding the ESOP and Aon Retirement Account portion of the account. The interest rate for each loan is equal to 1% plus the prime rate as quoted in The Wall Street Journal for the last day of the month preceding the loan request. Loans are made for a period of up to five years, except for residential loans that have a fixed repayment period of up to fifteen years.

2.
Significant Accounting Policies

Basis of Accounting

The financial statements of the Plan are prepared on an accrual basis in accordance with U.S. generally accepted accounting principles (GAAP).

Investment Valuation and Income Recognition

Investments held by the Plan are stated at fair value. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price). Contract value, however, is the relevant measurement attribute for that portion of the net assets available for benefits of a defined contribution plan attributable to fully benefit-responsive investment contracts because contract value is the amount participants would receive if they were to initiate permitted transactions under the terms of the plan. The Plan created the Stable Value Fund which includes investments in investment contracts through a collective trust, Guaranteed Investment Contracts (GICs) and Synthetic Investment Contracts (SICs). The statements of net assets available for benefits present the fair value of the investment contracts as well as the adjustment from fair value to contract value relating to the investment contracts. The statement of changes in net assets available for benefits is prepared on a contract-value basis.

The plan sponsor maintains proper oversight of the Plan through the Retirement Plan Governance and Investment Committee (RPGIC). The RPGIC is responsible for determining the Plan’s valuation policies and analyzing information provided by the investment custodians and issuers that is used to determine the fair value of the Plan’s investments.


7


2.
Significant Accounting Policies (continued)

In conformity with ASC 820, Fair Value Measurement, assets and liabilities measured at fair value are categorized into the fair value hierarchy. See Note 3 for further discussion and disclosures related to fair value measurements.

Purchases and sales of securities are recorded on a trade-date basis. Interest income is recorded as earned. Dividends are recorded on the ex-dividend date. Net appreciation includes the Plan’s gains and losses on investments bought and sold as well as held during the year.

Reporting of Investment Contracts

The Stable Value Fund invests in a benefit-responsive GIC with Metropolitan Life Insurance Company (MetLife). MetLife maintains the contributions in a general account. The account is credited with earnings on the underlying investments and charged for participant withdrawals and administrative expenses. MetLife is contractually obligated to repay the principal and a specified interest rate that is guaranteed to the Plan. There are no reserves against contract value for credit risk of the contract issuer or otherwise. The crediting interest rate is based on a formula agreed upon with the issuer. MetLife reviews the crediting interest rates on an annual basis for resetting.

The Plan also invests in SICs with IXIS Financial Products, Inc., MetLife and Prudential. SICs are wrap contracts paired with an underlying investment or investments, usually a portfolio, owned by the Plan, of high-quality, intermediate-term fixed income securities. The Plan purchases a wrapper contract from a financial services institution. SICs credit a stated interest rate for a specified period of time. Investment gains and losses are amortized over the expected duration through the calculation of the interest rate applicable to the Plan on a prospective basis. SICs provide for a variable crediting rate, which typically resets at least quarterly, and the issuer of the wrap contract provides assurance that future adjustments to the crediting rate cannot result in a crediting rate less than zero. The crediting rate is primarily based on the current yield to maturity of the covered investments, plus or minus amortization of the difference between the market value and contract value of the covered investments over the duration of the covered investments at the time of computation. The crediting rate is most impacted by the change in the annual effective yield to maturity of the underlying securities, but it is also affected by the difference between the contract value and the market value of the covered investments. This difference is amortized over the duration of the covered investments. Depending on the change in duration from reset period to reset period, the magnitude of the impact to the crediting rate of the contract to market difference is heightened or lessened. The crediting rate can be adjusted periodically and is usually adjusted either monthly or quarterly, but in no event is the crediting rate less than zero.

8


2.
Significant Accounting Policies (continued)

Certain events limit the ability of the Plan to transact at contract value with the insurance company and the financial institution issuer. Such events include the following: (1) amendments to the Plan documents (including complete or partial Plan termination or merger with another plan), (2) changes to the Plan’s prohibition on competing investment options or deletion of equity wash provisions, (3) bankruptcy of the Plan Sponsor or other Plan Sponsor events (e.g., divestitures or spin-offs of a subsidiary) that cause a significant withdrawal from the Plan or (4) the failure of the trust to qualify for exemption from federal income taxes or any required prohibited transaction exemption under ERISA. The Plan administrator does not believe that the occurrence of any such value event, which would limit the Plan’s ability to transact at contract value with participants, is probable.

The GIC does not permit MetLife to terminate the agreement prior to the scheduled maturity date. However, the SICs generally impose conditions on both the Plan and the issuer. If an event of default occurs and is not cured, the non-defaulting party may terminate the contract. The following may cause the Plan to be in default: (1) a breach of material obligation under the contract, (2) a material misrepresentation or (3) a material amendment to the Plan agreement. The issuer may be in default if it breaches a material obligation under the investment contract, makes a material misrepresentation, has a decline in its long-term credit rating below a threshold set forth in the contract, or is acquired or reorganized and the successor issuer does not satisfy the investment or credit guidelines applicable to issuers. If, in the event of default of an issuer, the Plan were unable to obtain a replacement investment contract, the Plan may experience losses if the value of the Plan’s assets no longer covered by the contract value is below contract value. The Plan may seek to add additional issuers over time to diversify the Plan’s exposure to such risk, but there is no assurance that the Plan may be able to do so. The combination of the default of an issuer and an inability to obtain a replacement agreement could render the Plan unable to achieve its objective of maintaining a stable contract value. The terms of an investment contract generally provide for settlement of payments only upon termination of the contract or total liquidation of the covered investments. Generally, payments will be made pro rata based on the percentage of investments covered by each issuer. Contract termination occurs whenever the contract value or market value of the covered investments reaches zero or upon certain events of default. If the contract terminates due to issuer default (other than a default occurring because of a decline in its rating), the issuer will generally be required to pay to the Plan the excess, if any, of contract value over

9


2.
Significant Accounting Policies (continued)

market value on the date of termination. If the SICs terminate due to a decline in the ratings of the issuer, the issuer may be required to pay to the Plan the cost of acquiring a replacement contract within the meaning of the contract. If the contract terminates when the market value equals zero, the issuer will pay the excess of contract value over market value to the Plan to the extent necessary for the Plan to satisfy outstanding contract value withdrawal requests. Contract termination also may occur by either party upon election and notice.

Certain separate account contracts permit the Fund or the issuer to elect to terminate the contract, with the Fund having the right to elect to receive either market value, convert the contract to a GIC or make an amortization election. In addition, if the Fund defaults in its obligations under the separate account contract, the issuer may terminate, and the Fund will receive market value.

Average yield calculation

 
 
Year Ended December 31
Average yields for Stable Value Fund
 
2012
 
 
 
Based on actual earnings (1)
 
0.89%
Based on interest rate credited to participants (2)
 
1.43%

1)
Computed by dividing the annualized one-day actual earnings of the Fund on the last day of the plan year by the fair value of the investments of the Fund on the same date.

2)
Computed by dividing the annualized one-day earnings credited to participants in the Fund on the last day of the plan year by the fair value of the investments of the Fund on the same date.

Notes Receivable from Participants

Notes receivable from participants represent participant loans that are recorded at their unpaid principal balance plus any accrued but unpaid interest. Interest income on notes receivable from participants is recorded when it is earned. Related fees are recorded as administrative expenses and are expensed when they are incurred. No allowance for credit losses has been recorded as of December 31, 2012 or 2011. If a participant ceases to make loan repayments and the plan administrator deems the participant loan to be a distribution, the participant loan balance is reduced, and a benefit payment is recorded.

10


2.
Significant Accounting Policies (continued)

New Accounting Pronouncement

In May 2011, the Financial Accounting Standards Board issued Accounting Standards Update (ASU) 2011-04, Amendments to Achieve Common Fair Value Measurements and Disclosure Requirements in U.S. GAAP and IFRSs. ASU 2011-04 amended ASC 820 to converge the fair value measurement guidance in U.S. GAAP and International Financial Reporting Standards (IFRSs). Some of the amendments clarify the application of existing fair value measurement requirements, while other amendments change a particular principle in ASC 820. The amendments are to be applied prospectively and are effective for annual periods beginning after December 15, 2011. Adoption of ASU 2011-04 did not have an effect on the Plan’s net assets available for benefits or its changes in net assets available for benefits.

Administrative Expenses

Administrative expenses of the Plan, including expenses of the Trustee, are paid from the Plan assets, except to the extent that the Company, at its discretion, may decide to pay such expenses. The Company paid $670 thousand of Plan expenses in 2012 and $0 in 2011.

Use of Estimates

The preparation of the financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.

11


3.
Fair Value Measurements

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (i.e., an exit price). The fair value hierarchy 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 and liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy are described below:

Level 1 – Unadjusted quoted prices in active markets that are accessible to the reporting entity at the measurement date for identical assets and liabilities.
Level 2 – Inputs other than quoted prices in active markets for identical assets and liabilities that are observable either directly or indirectly for substantially the full term of the asset or liability. Level 2 inputs include the following:
Quoted prices for similar assets and liabilities in active markets
Quoted prices for identical or similar assets or liabilities in markets that are not active
Observable inputs other than quoted prices that are used in the valuation of the asset or liabilities (e.g., interest rate and yield curve quotes at commonly quoted intervals)
Inputs that are derived principally from or corroborated by observable market data by correlation or other means
Level 3 – Unobservable inputs for the asset or liability (i.e., supported by little or no market activity). Level 3 inputs include management’s own assumption about the assumptions that market participants would use in pricing the asset or liability (including assumptions about risk).

12


3.
Fair Value Measurements (continued)
The level in the fair value hierarchy within which the fair value measurement is classified is determined based on the lowest level of input that is significant to the fair value measure in its entirety.
Following is a description of the valuation techniques and inputs used for each major class of assets measured at fair value by the Plan.
Mutual funds, common stock and preferred stock: valued at quotes obtained from national securities exchanges.

Common collective trusts: valued at the net asset value (NAV) provided by the administrator of the fund. The NAV is based on the underlying assets owned by the fund, minus its liabilities, and then divided by the number of shares outstanding. These funds are primarily invested in publicly traded common stocks and bonds. Participant-directed and Plan redemptions have no restrictions.

Long-term bonds: valued generally at matrix-calculated prices that are obtained from various pricing services.

Guaranteed investment contracts and synthetic investment contracts: Fair value of the GICs is calculated by discounting the related cash flows based on current yields of similar instruments with comparable durations. Individual assets of the SICs are valued at representative quoted market prices. The fair value of the wrap contracts for the SIGs is determined using the replacement cost approach, which is a discounting methodology that incorporates the difference between current market-level rates for contract-level wrap fees and the wrap fee being charged. The difference is calculated as a dollar value and discounted by the prevailing interpolated swap rate as of period-end (see “Reporting of Investment Contracts”).

13


3.
Fair Value Measurements (continued)
Investments at fair value as of December 31, 2012:
(in thousands)
 
Level 1
 
Level 2
 
Level 3
 
Total
Investments:
 
 
 
 
 
 
 
 
Common Collective Trust – Short Term Investment Fund
 
$
17,209

 
$

 
$

 
$
17,209

Long-Term Bonds
 

 
93

 

 
93

Common Collective Trust
 

 
223,692

 

 
223,692

Preferred Stock
 

 
151

 

 
151

Common Stock
 
172,245

 

 

 
172,245

Mutual Funds:
 
 
 
 
 
 
 
 
Common Stock/Equities
 
6,288

 

 

 
6,288

Foreign Stock
 

 
795,125

 

 
795,125

Large Cap Stocks
 
628,488

 
190,648

 

 
819,136

Large Cap Stocks-Foreign
 
115,864

 

 

 
115,864

Mid/Small Cap Stocks
 
215,034

 
374,318

 

 
589,352

REITs
 
71,083

 

 

 
71,083

Intermediate-Term Bonds
 
477

 

 

 
477

Fund of Funds
 
24,876

 

 

 
24,876

Fixed Income
 
23

 
335,939

 

 
335,962

Commodity Index
 

 
27,834

 

 
27,834

Guaranteed Investment Contract
 

 

 
13,083

 
13,083

Synthetic Investment Contracts
 

 
524,503

 

 
524,503

Total Investments at Fair Value
 
$
1,251,587

 
$
2,472,303

 
$
13,083

 
$
3,736,973


The table below sets forth a summary of changes in the fair value of the Plan’s Level 3 Assets for the year ended December 31, 2012.
 
Level 3 GIC
Balance at January 1, 2012
$
12,984

Interest Earned
99

Balance at December 31, 2012
$
13,083



14


3.
Fair Value Measurements (continued)
Investments at fair value as of December 31, 2011:
(in thousands)
 
Level 1
 
Level 2
 
Level 3
 
Total
Investments:
 
 
 
 
 
 
 
 
Long-Term Bonds
 
$

 
$
41

 
$

 
$
41

Preferred Stock
 
138

 

 

 
138

Common Stock
 
161,810

 

 

 
161,810

Mutual Funds:
 
 
 
 
 
 
 
 
Short-Term Fund
 
246,860

 

 

 
246,860

Large Cap Stocks
 
627,449

 

 

 
627,449

Large Cap Stocks-Foreign
 
172,127

 

 

 
172,127

Mid/Small Cap Stocks
 
58,865

 

 

 
58,865

Small Cap Stocks
 
49,027

 

 

 
49,027

REITs
 
65,056

 

 

 
65,056

Intermediate-Term Bonds
 
319,656

 

 

 
319,656

Fund of Funds
 
7,481

 

 

 
7,481

Total Investments at Fair Value
 
$
1,708,469

 
$
41

 
$

 
$
1,708,510




15


4.
Investments
During 2012 and 2011, the Plan’s investments (including investments bought, sold, and held during the year) appreciated (depreciated) in fair value as follows (in thousands):
 
December 31
 
2012
 
2011
 




Fair
Value
 
Net Realized and Unrealized Appreciation (Depreciation) in Fair Value of Investments
 




Fair
Value
 
Net Realized and Unrealized Appreciation (Depreciation) in Fair Value
of Investments
Investments, at Fair Value:
 
 
 
 
 
 
 
Aon plc Class A Ordinary Shares
$
156,119

 
$
27,016

 
$
153,204

 
$
3,903

Brokerage Accounts
30,187

 
1,961

 
19,653

 
(1,511
)
Ned Davis Fund – Common Stocks

 

 

 
3,983

Investments in Mutual Funds:
 
 
 
 
 
 
 
BlackRock Liquidity Funds Fed Fund

 

 
242,791

 

Dwight Funds – Fund of Funds
437,656

 
52,444

 

 

Vanguard Large Company Index Fund
540,493

 
76,799

 

 

Capital Research Europacific Foreign Fund
281,865

 
49,300

 

 

Vanguard All Foreign Index Fund
97,177

 
8,672

 

 

Dimensional Fund Advisors Emerging Market Fund
115,786

 
17,906

 

 

Vanguard REIT Index Fund

 

 
65,056

 
2,978

Vanguard Capital Opportunities Fund
77,959

 
12,206

 
74,412

 
(8,954
)
Wells Fargo Small Cap Value Fund
43,871

 
5,193

 
49,027

 
(4,796
)
PIMCO Total Return Fund

 

 
193,077

 
177

Wellington Small Cap Opportunities Fund

 

 

 
3,990

American Euro-Pacific Growth Fund

 

 
159,261

 
(27,660
)
PIMCO All Asset Fund
24,975

 
1,115

 
7,481

 
(506
)
Vanguard Institutional Index Fund

 

 
301,105

 
(17,702
)
Vanguard Extended Market Fund
171,575

 
20,496

 
58,865

 
(6,494
)
Vanguard FTSE All World Fund

 

 
12,866

 
(2,486
)
Vanguard Admiral Intermediate-Term Treasury Fund

 

 
126,579

 
3,272

Investments Separately Managed:
 
 
 
 
 
 
 
PIMCO Diversified Bond
256,909

 
19,336

 

 

Dodge & Cox Stock Fund
357,146

 
60,950

 
155,971

 
(9,364
)
Dwight Stable Fund
538,831

 
6,960

 

 

T. Rowe Price Growth Stock Fund
201,303

 
14,984

 
89,162

 
(909
)
Morgan Stanley Global Real Estate Fund
71,203

 
32,686

 

 

Westfield Small Cap Fund
112,321

 
18,503

 

 

Common Collective Trust:
 
 
 
 
 
 
 
Short-Term Investment Fund

 
1,157

 

 

Blackrock US Bond Index Fund
221,597

 
8,101

 

 

Investments in Collective Trusts:
 
 
 
 
 
 
 
State Street Global Advisors S&P 500 Strategy Fund

 

 

 
14,322

Total
$
3,736,973

 
$
435,785

 
$
1,708,510

 
$
(47,757
)

16


4.
Investments (continued)
The fair value of individual investments that represent 5% or more of the Plan’s assets is as follows (in thousands):
 
December 31
 
2012
 
2011
Aon plc Class A Ordinary Shares
$

 
$
153,204

Investments in Mutual Funds:
 
 
 
BlackRock Liquidity Funds Fed Fund

 
242,791

Dwight Funds – Fund of Mutual Funds
437,656

 

Vanguard Large Company Index Fund
540,493

 

Capital Research Europacific Foreign Fund
281,865

 

American Funds Euro-Pacific Growth Fund

 
159,261

Vanguard Institutional Index Fund

 
301,105

Vanguard Admiral Intermediate Term Treasury Fund

 
126,579

PIMCO Total Return Fund

 
193,077

Investments Separately Managed:
 
 
 
PIMCO Diversified Bond
256,909

 

Dodge & Cox Stock Fund
357,146

 
155,971

Dwight Stable Value Fund
538,831

 

T. Rowe Price Growth Stock Fund
201,303

 
89,162

Common Collective Trust:
 
 
 
Blackrock US bond Index Fund
221,597

 


5.
Income Taxes
The Plan has received a determination letter from the IRS dated October 1, 2003, stating that the Plan is qualified under Section 401(a) of the IRC and, therefore, the related trust is exempt from taxation. Subsequent to this issuance of the determination letter, the Plan was amended and restated. Once qualified, the Plan is required to operate in conformity with the IRC to maintain its qualification. The Plan Administrative Committee believes the Plan is being operated in compliance with the applicable requirements of the IRC and, therefore, believes that the Plan, as amended and restated, is qualified and the related trust is tax-exempt.

U.S. GAAP requires Plan management to evaluate uncertain tax positions taken by the Plan. The financial statement effects of a tax position are recognized when the position is more likely than not, based on technical merits, to be sustained upon examination by the IRS. The Plan administrator has analyzed the tax positions taken by the Plan and has concluded that as of December 31, 2012, there are no uncertain positions taken or expected to be taken. The Plan has recognized no interest or penalties related to uncertain tax positions. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The Plan administrator believes the Plan is no longer subject to income tax examinations for years prior to 2008.

17


6.
Risks 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 statements of net assets available for benefits.

7.
Related Party Transactions
The Plan invests in the Class A Ordinary Shares of the Company and during 2012 and 2011, the Plan held investments managed by the Trustee (both current and prior). These transactions qualify as party-in-interest transactions; however, they are exempt from prohibited transaction rules under ERISA.

8.
Reconciliation of Financial Statements to the Form 5500
The following is a reconciliation of net assets available for benefits per the financial statements to the Form 5500 as of December 31 (in thousands):
 
December 31, 2012
 
December 31, 2011
 
 
 
 
Net assets available for benefits per the financial statements
$
3,781,393

 
$
1,727,837

Add Plan merger

 
1,571,179

Add adjustment from contract value to fair value for fully benefit-responsive GICs held in the collective trust fund and SICs
9,455

 

Net assets available for benefits per the Form 5500
$
3,790,848

 
$
3,299,016

9. Other
During 2011, the Plan Sponsor identified certain plan assets that had not been deposited into the trust on a timely basis. Through December 31, 2011, common shares with a fair value of $58 thousand of dividends and $10 thousand of lost earnings have been deposited into the Trust by the Company. Through December 31, 2012, an additional $7 thousand of dividends and lost earnings have been deposited into the Trust by the Company. No additional amounts are owed to the Trust. This transaction has been reported in the accompanying supplemental schedule G, Schedule of Nonexempt Transactions.

18


Employer Plan Identification #36-3051915
Plan #020
AON SAVINGS PLAN
Schedule G - Schedule of Nonexempt Transactions
For the year ended December 31, 2012
(in thousands)
Identity of Party Involved
 
Relationship to Plan, Employer or Other Party-in-interest
 
Description of Transaction
 
Purchase Price
 
Selling Price
 
Lease Rental
 
Expense Incurred with Transaction
 
Cost of Asset
 
Current Value of Asset
 
Net Gain or (Loss)
Aon
 
Employer
 
Securities and dividends of the Plan that were held on company books
 
$

 
$

 
$

 
$

 
$

 
$
58

 
$
17



19

Employer Plan Identification #36-3051915
Plan #020
AON SAVINGS PLAN
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
December 31, 2012



 
 
 
Current Value
Identity of Issuer
 
(thousands)
Aon plc Class A Ordinary Shares ESOP Fund
 
 
 
Aon plc
 
 
 
Class A Ordinary Shares, $0.01 par*
 
$
156,119

 
 
 
 
Stable Value Fund
 
 
 
Short Term Investments:
 
 
 
Treasury Money Market Fund
 
24,370

 
 
 
 
 
Synthetic Insurance Wrappers:
 
 
 
Metropolitan Life Contract # Gac-32632 Rate 1.2100%
 
180,328

 
 
 
 
 
Common Collective Trusts:
 
 
 
Dwight 2012 Term Fund
 
11,734

 
Dwight 2013 Term Fund
 
47,496

 
Dwight 2014 Term Fund
 
48,095

 
Dwight 2015 Term Fund
 
52,831

 
Dwight 2016 Term Fund
 
79,840

 
Dwight Intermediate Core Plus Fund
 
81,054

 
 
 
 
 
Insurance Contract:
 
 
 
Gic Met Live Contract# 31833 Rate 5.70& Mat 10/15/2013
 
13,083

 
 
 
 
Mutual Funds:
 
 
 
Dwight Funds - Fund of Mutual Funds
 
437,656

 
PIMCO All Asset Fund
 
24,975

 
Vanguard Large Company Index Fund
 
540,493

 
Vanguard Capital Opportunity Fund
 
77,959

 
Wells Fargo Advantage Small Cap Fund
 
43,871

 
Capital Research Europacific Foreign Fund
 
281,865

 
Vanguard All Foreign Index Fund
 
97,177

 
Dimensional Fund Advisors Emerging Market Fund
 
115,786

 
Vanguard Extended Market Fund
 
171,575

 
 
 
 
Separately Managed
 
 
Dodge & Cox Common Stock Fund:
 
 
 
Adr Nokia Corp Sponsored Adr
 
1,370

 
Sanofi Sponsored Adr
 
11,449

 
Adr Panasonic Corp Adr
 
1,741

 
Adr Sony Corp Amern Sh New
 
701

 
Adr Aegon N V Ny Registry Shs
 
3,233

 
Konninklijke Philips N.V
 
2,481

 
Adr Credit Suisse Group Sponsored Adr Isin Us2254011081
 
293

 
Adr Novartis Ag
 
9,160

 
Adr Roche Hldg Ltd Sponsored Adr Isin #Us771195104
 
8,226

 
Adr Glaxosmithkline Plc Sponsored Adr
 
9,426

 
Adr Hsbc Hldgs Plc Sponsored Adr New
 
2,448


20


AON SAVINGS PLAN
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
December 31, 2012
(continued)

 
 
 
Current Value
Identity of Issuer
 
(thousands)
 
Adr Unilever Plc Sponsored Adr New
 
2,145

 
Adr Vodafone Group Plc New Sponsored Adr
 
3,258

 
Adobe Sys Inc Com
 
3,941

 
Adt Corp Com
 
1,154

 
Amdocs Ord Gbp 0.01
 
1,870

 
Aol Inc Com Stk
 
1,357

 
Baker Hughes Inc Com
 
5,432

 
Bank New York Mellon Corp Com Stk
 
8,031

 
Bank Of America Corp
 
7,463

 
Bb&T Corp Com
 
3,173

 
Bmc Software Inc Com Stk
 
2,637

 
Boston Scientific Corp Com
 
2,816

 
Cadence Design Sys Inc Com
 
1,448

 
Cap 1 Fncl Com
 
14,239

 
Carmax Inc Com
 
1,892

 
Celanese Corp Del Com Ser A Stk
 
3,776

 
Chevron Corp Com
 
3,518

 
Cigna Corporation
 
1,753

 
Comcast Corp New-Cl A
 
13,967

 
Computer Sci Corp Com
 
2,487

 
Compuware Corp Com
 
1,162

 
Corning Inc Com
 
2,302

 
Dell Inc Com Stk
 
1,400

 
Dish Network Corp Cl A Com Stk
 
2,111

 
Domtar Corp Com New Com New
 
456

 
Dow Chemical Co Com
 
5,122

 
Ebay Inc Com Usd 0.001
 
4,908

 
Fedex Corp Com
 
8,567

 
General Electric Co
 
11,043

 
Genworth Finl Inc Com Cl A
 
1,267

 
Goldman Sachs Group Inc Com
 
7,870

 
Google Inc Cl A
 
3,547

 
Hewlett Packard Co Com
 
8,642

 
Jpmorgan Chase & Co Com
 
3,232

 
Legg Mason Inc Com
 
231

 
Liberty Global Inc Com Ser A
 
466

 
Liberty Global Inc Com Ser C
 
552

 
Liberty Interactive Corp Interactive Comser A
 
2,794

 
Maxim Integrated Prods Inc Com
 
2,749

 
Mcgraw Hill Financial Inc
 
2,056

 
Medtronic Inc Com
 
2,063

 
Merck & Co Inc New Com
 
11,633

 
Metlife Inc Com
 
2,764

 
Microsoft Corp Com
 
9,339

 
Molex Inc Cl A
 
1,799

 
Molex Inc Com
 
353

 
N V R Inc Com
 
920


21


AON SAVINGS PLAN
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
December 31, 2012
(continued)

 
 
 
Current Value
Identity of Issuer
 
(thousands)
 
Netapp Inc Com Stk
 
4,398

 
News Corp Cl A Com
 
8,201

 
Occidental Petroleum Corp
 
6,205

 
Penney J.C Co Inc Com
 
1,947

 
Pfizer Inc Com
 
9,443

 
Pitney Bowes Inc Com
 
97

 
Schlumberger Ltd Com
 
8,049

 
Schwab Charles Corp Com New
 
7,246

 
Sprint Nextel Corp
 
10,301

 
Sun Tr Banks Inc Com
 
2,634

 
Symantec Corp Com
 
5,340

 
Synopsys Inc Com
 
3,391

 
Te Connectivity Ltd
 
4,348

 
Time Warner Cable Inc Com
 
7,026

 
Time Warner Inc Usd 0.01
 
10,669

 
Tyco International Ltd(Switzerland) Com Usd 0.80
 
1,452

 
Vulcan Materials Co Com
 
3,113

 
Wal-Mart Stores Inc Com
 
5,281

 
Wells Fargo & Co New Com Stk
 
13,179

 
Xerox Corp Com
 
3,970

 
Mfb Ni Treasury Money Market Fund - Sweep
 
4,623

 
 
 
 
PIMCO Diversified Bond:
 
 
 
Aon Intermediate Bond Unit B
 
256,909

 
 
 
 
T. Rowe Price Growth Stock Fund:
 
 
 
Anheuser-Busch Inbev Nv
 
830

 
Valeant Pharmaceuticals International Inc Common Stock
 
1,315

 
Tencent Holdings Ltd
 
598

 
Adr Baidu Inc Sponsored Adr
 
1,123

 
Novo-Nordisk As Dkk1 Ser'b'
 
1,191

 
Pernod Ricard Npv Eur 1.55
 
664

 
Prada Spa Com Eur0.10
 
874

 
Samsung Electronic Gdr Rep 1/2 Ord Reg's/144a
 
929

 
Nestle Sa Chf 0.10 (Regd)
 
921

 
Carnival Plc Ord Usd1.66
 
996

 
Accenture Plc Shs Cl A New
 
2,148

 
Akamai Technologies Inc Com Stk
 
961

 
Alexion Pharmaceuticals Inc Com
 
1,351

 
Allergan Inc Com
 
816

 
Alliance Data Sys Corp Com
 
709

 
Amazon Com Inc Com
 
8,790

 
American Express Co
 
2,523

 
American Tower Corp
 
4,636

 
Apple Inc Com Stk
 
18,497

 
Autodesk Inc Com
 
633

 
Autozone Inc Com
 
1,808


22


AON SAVINGS PLAN
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
December 31, 2012
(continued)

 
 
 
Current Value
Identity of Issuer
 
(thousands)
 
Babcock & Wilcox Co New Com Stk
 
519

 
Baxter Intl Inc Com
 
1,013

 
Biogen Idec Inc Com Stk
 
1,863

 
Boeing Co Com
 
1,371

 
Broadcom Corp Cl A
 
1,295

 
Carmax Inc Com
 
1,216

 
Catamaran Corp
 
933

 
Celgene Corp Com
 
756

 
Charter Communications Inc Del Cl A New
 
457

 
Chipotle Mexican Grill Inc Com Stk
 
1,696

 
Coca Cola Co Com
 
1,193

 
Cognizant Tech Solutions Corp Cl A
 
518

 
Colgate - Palmolive Co Com
 
993

 
Costco Wholesale Corp New Com
 
1,620

 
Covidien Plc Usd 0.20 (Post-Consldtn)
 
225

 
Crown Castle Intl Corp Com Stk
 
6,119

 
Cvs Caremark Corp Com Stk
 
1,852

 
D R Horton Inc Com
 
969

 
Danaher Corp Com
 
4,919

 
Deere & Co Com
 
851

 
Dollar Tree Inc Com Stk
 
568

 
Ebay Inc Com Usd 0.001
 
4,775

 
Ecolab Inc Com
 
1,337

 
Edwards Lifesciences Corp Com
 
1,064

 
Emc Corp Com
 
1,341

 
Eog Resources Inc Com
 
1,739

 
Eqt Corp Com
 
330

 
Express Scripts Hldg Co Com
 
848

 
Fastenal Co Com
 
2,727

 
Fedex Corp Com
 
991

 
Fiserv Inc Com
 
545

 
Fmc Technologies Inc Com
 
1,238

 
Fossil Inc Com
 
1,220

 
Frkln Res Inc Com
 
1,898

 
Gilead Sciences Inc
 
1,807

 
Google Inc Cl A Cl A
 
10,002

 
Grainger W W Inc Com
 
668

 
Harley Davidson Com Usd0.01
 
742

 
Home Depot Inc Com
 
2,313

 
Hunt J B Trans Svcs Inc Com
 
961

 
Ihs Inc Com Cl A Com Cl A
 
710

 
Intercontinentalexchange Inc Com
 
582

 
Invesco Ltd Com Stk Usd0.10
 
1,508

 
Juniper Networks Inc Com
 
1,615

 
Ks Cy Southn
 
1,670

 
Las Vegas Sands Corp Com Stk
 
1,694

 
Lennar Corp Cl A Cl A
 
1,106


23


AON SAVINGS PLAN
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
December 31, 2012
(continued)

 
 
 
Current Value
Identity of Issuer
 
(thousands)
 
Linkedin Corp Cl A
 
1,424

 
Lowes Cos Inc Com
 
725

 
Marriott Intl Inc New Com Stk Cl A
 
850

 
Mastercard Inc Cl A
 
6,239

 
Mckesson Corp
 
2,448

 
Mgm Resorts International Com
 
197

 
Monster Beverage Corp Com
 
756

 
Nike Inc Cl B
 
1,094

 
Nuance Communications Inc Com
 
583

 
Occidental Petroleum Corp
 
375

 
Onyx Pharmaceuticals Inc Del Com
 
468

 
Philip Morris Intl Com Stk Npv
 
1,056

 
Pioneer Nat Res Co Com Stk
 
640

 
Praxair Inc Com
 
3,513

 
Precision Castparts Corp Com
 
3,675

 
Priceline Com Inc Com New Stk
 
4,783

 
Pvh Corp Com Usd 1
 
500

 
Qualcomm Inc Com
 
5,241

 
Rackspace Hosting Inc Com Stk
 
1,084

 
Ralph Lauren Corp Cl A Cl A
 
630

 
Range Res Corp Com
 
1,558

 
Red Hat Inc Com
 
1,266

 
Regeneron Pharmaceuticals Inc Com
 
924

 
Roper Inds Inc New Com
 
1,828

 
Ross Stores Inc Com
 
991

 
Salesforce Com Inc Com Stk
 
2,320

 
Schlumberger Ltd Com Com
 
1,440

 
Sherwin-Williams Co Com
 
2,061

 
Starbucks Corp Com
 
2,472

 
Starwood Hotels & Resorts Worldwide Inc Com Stk
 
1,474

 
Stryker Corp
 
931

 
Tractor Supply Co Com
 
371

 
Trimble Nav Ltd Com
 
1,088

 
Tripadvisor Inc Com Com Stk
 
579

 
Union Pac Corp Com
 
2,086

 
United Contl Hldgs Inc Com Stk
 
510

 
United Parcel Svc Inc Cl B
 
1,718

 
Unitedhealth Group Inc Com
 
1,204

 
Us Bancorp
 
723

 
Visa Inc Com Cl A Stk
 
4,335

 
Walt Disney Co
 
1,339

 
Whole Foods Mkt Inc Com
 
1,014

 
Williams Co Inc Com
 
1,293

 
Yum Brands Inc Com
 
445

 
Pvtpl Twitter Inc Ser F
 
17

 
Twitter Inc Com Stk
 
93

 
Twitter Inc Pfd Ser C
 
25


24


AON SAVINGS PLAN
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
December 31, 2012
(continued)

 
 
 
Current Value
Identity of Issuer
 
(thousands)
 
Pending Foreign Exchange Transactions
 
2,227

 
 
 
 
Morgan Stanley Global Real Estate Fund:
 
 
 
Cfs Retails Property Trust Group
 
346

 
Cmnwlth Prop Offic Units Npv
 
208

 
Atrium Eurp R/Est Npv (Regd)
 
99

 
Conwert Immobilien Npv
 
15

 
Befimmo Sca Npv Sicafi
 
26

 
Cofinimmo Sa Npv
 
39

 
Iguatemi Emp Shopp Com Npv
 
160

 
Pdg Realty Sa Empr Com Npv
 
116

 
1st Cap Realty Inc Com Npv
 
54

 
Boardwalk R/Est In Trust Units
 
400

 
Brookfield Canada Office Properties Trust Units
 
104

 
Calloway Real Estate Investment Trust Units
 
127

 
Cdn Apartment Prop Trust Units
 
38

 
Crombie Real State Trust Units
 
84

 
Primaris Retail Invt Tr
 
49

 
Riocan Real Estate Trust Units Npv
 
746

 
Brookfield Office Properties Inc Com
 
512

 
Agile Property Hld Hkd 0.10
 
413

 
China Overseas Equity
 
133

 
China Resources Land Hkd 0.10
 
158

 
Guangzhou R&F Prop 'H'cny 0.25
 
100

 
Shimao Property Ho Hkd0.10
 
151

 
Country Garden Hld Hkd0.10
 
378

 
Citycon Oyj Npv
 
30

 
Sponda Oyj Npv
 
112

 
Unibail-Rodamco Se Eur 5
 
1,470

 
Altarea Reit
 
57

 
Fonciere Des Reit Eur
 
96

 
Gecina Eur 7.50
 
185

 
Icade Npv (Post-Merger)
 
202

 
Klepierre Eur 1.40
 
238

 
Mercialys Eur 1
 
222

 
Silic Eur 4
 
81

 
Tour Eiffel Eur 5.00
 
41

 
Alstria Office Rei Npv (Br)
 
151

 
Deutsche Euroshop Npv (Regd)
 
102

 
Gsw Immobilien Ag Npv (Br)
 
50

 
Prime Office Reit-Ag Npv
 
73

 
Hang Lung Properties Hkd 1
 
417

 
Henderson Land Development Hkd 2
 
564

 
Hysan Development Hkd 5
 
692

 
Kerry Properties Hkd 1
 
805

 
Link R/Est Invest Npv
 
570

 
New World Development Co Hkd 1
 
443


25


AON SAVINGS PLAN
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
December 31, 2012
(continued)

 
 
 
Current Value
Identity of Issuer
 
(thousands)
 
Sino Land Co Hkd 1
 
583

 
Sun Hung Kai Prop Hkd 0.50
 
4,121

 
Swire Properties Ltd Hkd 1
 
494

 
Wharf(Hldgs) Hkd 1
 
547

 
Hongkong Land Hld Ord Usd 0.10 (Singapore Reg)
 
1,936

 
Beni Stabili Spa Eur 0.1
 
118

 
Activia Properties Inc Com
 
25

 
Glp J-Reit Reit
 
191

 
Japan Logistics Fd Reit
 
9

 
Japan Real Estate Investment Co
 
462

 
Japan Retail Fund Reit
 
28

 
Mitsubishi Estate Co Ltd
 
2,679

 
Mitsui Fudosan Co Ltd Npv
 
1,983

 
Nippon Building Fd Reit
 
367

 
Ntt Urban Developm Npv
 
61

 
Sumitomo Realty & Development Npv
 
1,580

 
Tokyo Tatemono Co Npv
 
46

 
United Urban Inves Reit
 
45

 
Corio Nv Eur 10
 
233

 
Eurocommercial Eur 0.50
 
108

 
Vastned Retail Eur 5
 
41

 
Wereldhave Nv Eur 10
 
42

 
Norwegian Property Nok 0.5
 
113

 
Capitacommercial Npv (Reit)
 
175

 
Capitaland Ltd Npv
 
736

 
Capitamall Trust Npv (Reit)
 
209

 
Capitamalls Asia L Npv
 
148

 
City Developments Ltd
 
179

 
Global Logistic Pr Npv
 
414

 
Keppel Land Ltd Npv
 
73

 
Mapletree Commercial Trust
 
85

 
Religare Health Trust
 
57

 
Suntec Real Estate Investment Trust Reit
 
159

 
Uol Group Limited Sgd 1
 
161

 
Atrium Ljungberg Ser'b'npv
 
101

 
Castellum Ab Npv
 
154

 
Hufvudstaden Ab Ser'a'npv
 
283

 
Mobimo Hldg Ag Chf 38 (Regd)
 
60

 
Psp Swiss Property Chf 0.10 (Regd)
 
542

 
Swiss Prime Site Chf1 8.80 (Regd)
 
153

 
Big Yellow Group (Placing) Ord Gbp 0.10
 
88

 
British Land Co Ord Gbp 0.25
 
633

 
Capital & Counties Properties
 
126

 
Capital & Regional Ord Gbp 0.01
 
84

 
Derwent London Ord Gbp 0.05
 
201

 
Grainger Plc Ord Gbp 0.05
 
121

 
Great Portland Estates Ord Gbp 0.125
 
209


26


AON SAVINGS PLAN
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
December 31, 2012
(continued)

 
 
 
Current Value
Identity of Issuer
 
(thousands)
 
Hammerson Ord Gbp 0.25
 
576

 
Intu Properties Plc Ord Gbp 0.50
 
218

 
Land Securities Gp Ord Gbp 0.10
 
820

 
Lxb Retail Props Common Stock W/I
 
245

 
Metric Property Investments Plc Ord Gbp 0.01 (Wi)
 
108

 
Quintain Est & Dev Ord Gbp 0.25
 
111

 
Safestore Hldgs Ord Gbp 0.01
 
187

 
Segro Plc Ord Gbp 0.10
 
180

 
Shaftesbury Ord Gbp 0.25
 
92

 
St.Modwen Props Ord Gbp 0.10
 
136

 
Unite Group Ord Gbp 0.25
 
190

 
Acadia Rlty Tr Com
 
165

 
Alexandria Real Estate Equities Inc Com
 
112

 
Apartment Invt & Mgmt Co Cl A
 
412

 
Ashford Hospitality Tr Inc Com Shs
 
121

 
Assisted Living Concepts Inc Nev New Cl A
 
101

 
Avalonbay Cmntys Reit
 
1,185

 
Bre Pptys Inc Com Cl A
 
296

 
Bstn Pptys Inc
 
1,425

 
Camden Ppty Tr Sh Ben Int
 
741

 
Corp Office Pptys Tr Com
 
35

 
Cousins Pptys Inc Com
 
322

 
Dct Indl Tr Inc Com
 
347

 
Digital Rlty Tr Inc Com
 
396

 
Duke Rlty Corp Com New Reit
 
258

 
Eqty Lifestyle Pptys Inc Reit
 
630

 
Eqty Resdntl Eff 5/15/02
 
2,908

 
Essex Ppty Tr Reit
 
124

 
Federal Rlty Invt Tr Sh Ben Int New
 
354

 
Forest Cy Enterprises Inc Cl A
 
1,159

 
General Growth Pptys Inc New Com
 
969

 
Hcp Inc Com Reit
 
1,718

 
Healthcare Rlty Tr
 
423

 
Host Hotels & Resorts Inc Reit
 
1,927

 
Hudson Pacific Properties Inc Com
 
189

 
Macerich Co Reit
 
721

 
Mack Cali Rlty Corp Com Reit
 
623

 
Prologis Inc Com
 
606

 
Ps Business Pks Inc Calif Com
 
138

 
Pub Storage Com
 
1,200

 
Regency Ctrs Corp Com
 
1,306

 
Retail Opportunity Invts Corp Com Stk
 
54

 
Senior Hsg Pptys Tr Sh Ben Int
 
713

 
Simon Property Group Inc Com
 
4,353

 
Sl Green Rlty Corp Com Stk
 
289

 
Sovran Self Storage Inc Com
 
55

 
Starwood Hotels & Resorts Worldwide Inc Com Stk
 
1,432


27


AON SAVINGS PLAN
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
December 31, 2012
(continued)

 
 
 
Current Value
Identity of Issuer
 
(thousands)
 
Udr Inc Com Stk
 
249

 
Ventas Inc Reit
 
316

 
Vornado Rlty Tr Com
 
2,093

 
Winthrop Rlty Tr Sh Ben Int New
 
102

 
Centro Retail Aust Npv (Stapled Security)
 
306

 
Dexus Property Gp Npv (Stapled)
 
511

 
Goodman Group Npv (Stapled Units)
 
415

 
Gpt Group Npv (Stapled Securities)
 
663

 
Investa Office Fd Units Npv (Stapled)
 
97

 
Mirvac Group Stapled Securities
 
437

 
Stockland Npv (Stapled)
 
485

 
Westfield Group Npv Stapled Units
 
2,064

 
Westfield Retail T Units Npv (Stapled)
 
775

 
 
 
 
Westfield Small Cap Fund:
 
 
 
Aon Small Cap Unit D
 
112,321

 
 
 
 
Common Collective Trust:
 
 
 
Blackrock US Bond Index Fund
 
221,597

 
 
 
 
Brokerage Accounts:
 
 
 
Other Common and Preferred Stocks and Mutual Funds
 
30,187

 
 
 
3,736,973

 
 
 
 
Participant Loans* (4.25%)
 
52,800

 
 
 
 
Total Assets at Fair Value
 
$
3,789,773


*Party-in-interest transaction not prohibited by ERISA.


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