Michelin Retirement Plan
Corporate pension, based in Greenville, South Carolina, reporting $2.1B in assets, for 18,855 participants.
Composed from this allocator's classification, location and filed figures.
Nothing material in the last 90 days. Last change: 31 Dec 2024, The Townsend Group appears on Michelin Retirement Plan's Schedule C as pension consultant (plan year 2024 vs 2023).
6 more advisers, 3 more managers, 22 more commitments and 3 more dated events
Every figure, date and source on this page is shown. The names behind them, and every related record, open with the complete profile.
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Capital path
who backs this record, through what, into what; each name opens its own path- Treasury US 15 Yr Key Rate Duration3 commitments
- Treasury U.S. 5 Year Key Rate Durat3 commitments
- Short-Term Investment Fund3 commitments
- Blackrock Institutional Trust Company, N.A.7 commitments
- Blackrock Institutional Trust6 commitments
- Northern Trust Investments, Inc.3 commitments
Relationship network
51 connected entities25 observed commitments15 repeat counterparties19 dated commitments shown here, 2023 to 2025
From board minutes, annual reports, Form 5500 filings and public records of commitments, consultants and staff in the allocator graph. Commitment amounts are those the allocator disclosed; many are not printed, and none is estimated.
Some relationships on this record are counted rather than named here. They open with the full profile.
Click any name or line for the commitments and sources behind it. Line weight is commitments together; dashed lines are inferred.
- Sponsor
- Fund or vehicle
- Service provider
- Organization
›How strength and recency are read
Managers, funds and consultants are read from the commitments: three or more is a strong observed relationship, two a repeat counterparty. No consultant link is marked current on the source, so none is labelled current or former here. Related plans, people and plan service providers are ordered by what the filing shows.
Darker lines were active in the last 24 months or are current; lighter lines are older or undated.
Size, funding, policy and commitments, with their basesCorporate pensionShowHide
Allocation policy
- Interest-bearing cash 1.1%
- Corporate debt instruments (other) 31.3%
- U.S. Government securities 7.6%
- Other investments 0.4%
- Partnership/joint venture interests 1.9%
- 103-12 investment entities 33.0%
- Registered investment companies 6.3%
- Common stock 7.8%
- Preferred stock 0.1%
- Real estate (other than employer real property) 7.3%
Consultants and advisers
- AON Investments USA Inc General consultantthrough Oct 31, 2025 Form 5500
- The Townsend Group Pension consultantthrough Oct 31, 2025 Form 5500
- Askia LLC Pension consultantthrough Oct 31, 2023 Form 5500
+6 more consultants and advisers advise this allocator
Every name, record and relationship behind this count, with the source on each.
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People
Manager roster
- Blackrock Institutional Trust Company, N.A.7 rows, latest Oct 31, 2025
- Blackrock Institutional Trust6 rows, latest Oct 31, 2025
- Northern Trust Investments, Inc.3 rows, latest Oct 31, 2025
+3 more managers received commitments
Every name, record and relationship behind this count, with the source on each.
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- Blackrock Insti. Trust Company, N.Aplan years
- Blackrock Institutional Trust Company, N.A.plan years
- Welling Management Co LLCplan years 2025
+13 more Schedule C managers
Every name, record and relationship behind this count, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
What changed
- Dec 31, 2024Consultant changedinferenceThe Townsend Group appears on Michelin Retirement Plan's Schedule C as pension consultant (plan year 2024 vs 2023)with The Townsend Groupaskebsa.dol.gov
- Dec 31, 2024Consultant changedinferenceHewitt Ennis Knupp appears on Michelin Retirement Plan's Schedule C as general consultant (plan year 2024 vs 2023)with AON Investments USA Incaskebsa.dol.gov
- Nov 1, 2024Funded status changedMichelin Retirement Plan funded ratio 80.0% -> 83.6% (2023-11-01 to 2024-11-01)
- Oct 31, 2024Holding endedinferenceMichelin Retirement Plan no longer reports Long Duration Corporate Credit Scre (Blackrock Long Duration Corporate) (last held $27M at 2023-10-31; absent from the 2024-10-31 filing)with Blackrock Institutional Trust Company, N.A.askebsa.dol.gov
- Dec 31, 2023Manager relationship endedinferenceUBS Global Asset Management no longer appears on Michelin Retirement Plan's Schedule C as investment manager (plan year 2023 vs 2022)with UBS Global Asset Management (US)askebsa.dol.gov
+3 more dated events
Every name, record and relationship behind this count, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Commitments
| Date | Fund | Manager | Bucket | Amount | Vintage | Status | Source |
|---|---|---|---|---|---|---|---|
| as of Oct 31, 2025 | Treasury US 15 Yr Key Rate Duration103 12 ie | Blackrock Institutional Trust | Fixed income | $32.3M held | Disclosed holding | askebsa.dol.gov | |
| as of Oct 31, 2025 | Treasury U.S. 5 Year Key Rate Durat103 12 ie | Blackrock Institutional Trust Company, N.A. | Fixed income | $80.5M held | Disclosed holding | askebsa.dol.gov | |
| as of Oct 31, 2025 | Short-Term Investment Fund103 12 ie | Blackrock Institutional Trust Company, N.A. | Cash | $537 held | Disclosed holding | askebsa.dol.gov |
+22 more commitments
Every fund and manager this allocator committed to, with the amount, date and source on each.
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Size and funding
Form 5500 filings
| Plan year | Participants | Assets (SB market) | Funding target | FTAP | Total assets (H) | Partnerships / JV | Master trust | Real estate |
|---|---|---|---|---|---|---|---|---|
| 2024 to Oct 31, 2025 | 18,855 | $2.1B | $2.3B | 83.6% | $2.1B | $39.4M | Not disclosed | $150M |
| 2023 to Oct 31, 2024 | 19,397 | $2.0B | $2.4B | 80.0% | $2.2B | $48.0M | Not disclosed | $162M |
| 2022 to Oct 31, 2023 | 20,278 | $2.2B | $2.4B | 91.5% | $2.1B | $50.5M | Not disclosed | $188M |
- AON Consulting codes 11 17 50 $1.0M PY2024
- Conduent Hr Services codes 12 15 16 38 50 $954,494 PY2024
- Pimco codes 28 51 $770,995 PY2024
+92 more service providers
Every name, record and relationship behind this count, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Provenance
Provenance
Michelin Retirement Plan sits on 25 traced paths of capital across the graphs.
DFX traced 25 paths of capital through this record
Every record on each path, what it committed or lent, and as of when.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.
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Record history
- Consultant changed2024-12-31source on record
- Consultant changed2024-12-31source on record
- Funded status changed2024-11-01source on record
+5 more changes on this record's ledger
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The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.
›Connections
every published relationship on the graph
+26 connections on the graph
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