Discover Financial Services Pension Plan
Corporate pension, based in Riverwoods, Illinois, reporting $483M in assets, for 12,035 participants.
Composed from this allocator's classification, location and filed figures.
Nothing material in the last 90 days. Last change: 31 Dec 2024, Discover Financial Services Pension Plan no longer reports Large Cap Blend/mfs (Prudential Retirement & Annuity Ins) (last held $12M at 2023-12-31; absent from the 2024-12-31 filing).
13 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- GS Ct Long Duration Credit Fund3 commitments
- GS Ct Inter Duration Credit Fund3 commitments
- EB Temporary Investment3 commitments
- Goldman Sachs Trust Company6 commitments
- State Street Global Advisors Trust Company5 commitments
- BNY Mellon3 commitments
Relationship network
28 connected entities16 observed commitments7 repeat counterparties14 dated commitments shown here, 2022 to 2024
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 3.3%
- U.S. Government securities 3.9%
- Common/collective trusts 92.8%
- Registered investment companies 0.0%
Consultants and advisers
- Mercer Actuarythrough Dec 31, 2022 Form 5500
- BNY Mellon Trusteethrough Dec 31, 2022 Form 5500
People
Manager roster
- Goldman Sachs Trust Company6 rows, latest Dec 31, 2024
- State Street Global Advisors Trust Company5 rows, latest Dec 31, 2022
- BNY Mellon3 rows, latest Dec 31, 2024
- State Street Global Advisors Trustplan years
- State Street Global Advisors Trust Companyplan years
- Goldman Sachs Asset Managementplan years 2022
What changed
- Dec 31, 2024Holding endedinferenceDiscover Financial Services Pension Plan no longer reports Large Cap Blend/mfs (Prudential Retirement & Annuity Ins) (last held $12M at 2023-12-31; absent from the 2024-12-31 filing)with Prudential Retirement & Annuity Insaskebsa.dol.gov
- Dec 31, 2023Holding endedinferenceDiscover Financial Services Pension Plan no longer reports Msci Emerging Markets Index Fund (last held $11M at 2022-12-31; absent from the 2023-12-31 filing)with Msci Emerging Markets Index Fundaskebsa.dol.gov
- Dec 31, 2023Holding endedinferenceDiscover Financial Services Pension Plan no longer reports State Street Factor Based Nl Ctf. (State Street Factor Based Nl Ctf.) (last held $14M at 2022-12-31; absent from the 2023-12-31 filing)with State Street Factor Based Nl Ctf.askebsa.dol.gov
- Dec 31, 2023Holding endedinferenceDiscover Financial Services Pension Plan no longer reports Russell 2000 Index Nl Fund (State Street - Russell 2000) (last held $4M at 2022-12-31; absent from the 2023-12-31 filing)with State Street Global Advisors Trust Companyaskebsa.dol.gov
- Dec 31, 2023Holding endedinferenceDiscover Financial Services Pension Plan no longer reports Msci Eafe Small Cap Index Non-Lendi (last held $3M at 2022-12-31; absent from the 2023-12-31 filing)with Msci Eafe Small Cap Index Non-Lendiaskebsa.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 Dec 31, 2024 | GS Ct Long Duration Credit Fundcollective trust | Goldman Sachs Trust Company | Private credit | $257M held | Disclosed holding | askebsa.dol.gov | |
| as of Dec 31, 2024 | GS Ct Inter Duration Credit Fundcollective trust | Goldman Sachs Trust Company | Private credit | $175M held | Disclosed holding | askebsa.dol.gov | |
| as of Dec 31, 2024 | EB Temporary Investmentcollective trust | BNY Mellon | Pooled vehicles | $16.4M held | Disclosed holding | askebsa.dol.gov |
+13 more commitments
Every fund and manager this allocator committed to, with the amount, date and source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
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 Dec 31, 2024 | 12,035 | $518M | $489M | 92.7% | $483M | Not disclosed | Not disclosed | Not disclosed |
| 2023 to Dec 31, 2023 | 12,167 | $494M | $482M | 94.1% | $518M | Not disclosed | Not disclosed | Not disclosed |
| 2022 to Dec 31, 2022 | 12,295 | $594M | $460M | 119.7% | $497M | Not disclosed | Not disclosed | Not disclosed |
- Goldman Sachs Asset Management, LP codes 28 51 56 $1.2M PY2024
- Alight Solutions LLC codes 15 50 99 $619,173 PY2024
- Mercer Inc. codes 11 16 50 $264,598 PY2024
+34 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
Record history
- Holding in a pooled vehicle ended2024-12-31source on record
- Holding in a pooled vehicle ended2023-12-31source on record
- Holding in a pooled vehicle ended2023-12-31source 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
+6 connections on the graph
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.