DFX Intelligence

Allocator Intelligence

The capital-owner graph behind private markets. Who owns the capital, who decides, how much, under what policy, on whose advice, to which managers, and what changed, with a source and a date behind every row. A target is never an actual, a disclosed holding is never an approval, and an estimate says so.

Corporate pension

Factory Mutual Insurance Company Pension Plan

Corporate pensionJohnston, RI
Assets
$3.0B
Total assets, Dec 31, 2024 reported
Funded
110.8%
Jan 1, 2024
Private markets target
n/a
policy Dec 31, 2024
Commitments
47
6 managers on Schedule C
Plan sponsor: Factory Mutual Insurance Company
Allocation policy
Form 5500, as of Dec 31, 2024
Actual allocation lines without a target (as filed)
  • Interest-bearing cash 1.0%
  • Corporate debt instruments (other) 9.3%
  • Corporate debt instruments (preferred) 0.5%
  • U.S. Government securities 7.0%
  • Other investments 2.1%
  • Partnership/joint venture interests 17.5%
  • Common/collective trusts 41.7%
  • Registered investment companies 11.1%
  • Common stock 9.1%
Consultants and advisers
5 firms
People
No investment staff or executives have been read for this allocator yet.
Manager roster
7 managers on the commitment tape
From the plan’s own commitment disclosures
From Schedule C (investment management, code 28)
Commitments
47 rows, 0 dated closings
Disclosed holdings (from the plan’s performance or holdings report, as of the report date)
DateFundManagerBucketAmountVintageStatusSource
as of Dec 31, 2024Acwi Ex-Us Superfundcollective trustBlackrock Institutional Trust Company, NaPooled vehicles$23.1M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Arrowstreet International Equitycollective trustArrow Street CapitalPublic equity$174M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Russell 1000 Growthcollective trustBlackrock Institutional Trust Company, NaPooled vehicles$48.1M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Equity Index Fundcollective trustWells FargoPublic equity$513M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Commingled Pension Trust Fund (longcollective trustJP MorganPooled vehicles$106M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Prudential Long Duration Governmentcollective trustPrudential Trust Co.Fixed income$114M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Schroder Collective Investment Truscollective trustSEI Trust CompanyPooled vehicles$121M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024WTC Cif II US Long Treasurycollective trustWellington FdFixed income$8.1M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024WTC Cif Real Estate Securitiescollective trustWellington Trust Company, NaReal estate$10.7M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Wtc-Cif Enduring Assetscollective trustWellington Trust Company, NaPooled vehicles$10.8M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Wtc-Cif II Downside Alpha Opportunicollective trustWellington FdPooled vehicles$47.8M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Wtc-Cif II Global Research Equity-Ecollective trustWellington FdPublic equity$17.7M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Wtc-Cif II US Inv Grade Corp Long Bcollective trustWellington FdPooled vehicles$16.1M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Wtc-Cif II US Long Stripscollective trustWellington FdPooled vehicles$41.1M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Wtc-Ctf Opportunistic Fixed Incomecollective trustWellington Trust Company, NaHedge / diversifiers$10.8M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Acwi Ex-Us Superfundcollective trustBlackrock Institutional Trust Company, NaPooled vehicles$21.9M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Arrowstreet International Equitycollective trustArrow Street CapitalPublic equity$162M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Equity Index Fundcollective trustWells FargoPublic equity$410M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Commingled Pension Trust Fund (longcollective trustJP MorganPooled vehicles$109M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Prudential Long Duration Governmentcollective trustPrudential Trust Co.Fixed income$96.5M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Schroder Collective Investment Truscollective trustSEI Trust CompanyPooled vehicles$110M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023WTC Cif II US Long Treasurycollective trustWellington FdFixed income$7.6M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023WTC Cif Real Estate Securitiescollective trustWellington Trust Company, NaReal estate$10.4M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Wtc-Cif Enduring Assetscollective trustWellington Trust Company, NaPooled vehicles$10.1M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Wtc-Cif II Downside Alpha Opportunicollective trustWellington FdPooled vehicles$46.6M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Wtc-Cif II Global Research Equity-Ecollective trustWellington FdPublic equity$16.3M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Wtc-Cif II US Inv Grade Corp Long Bcollective trustWellington FdPooled vehicles$15.8M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Wtc-Cif II US Long Stripscollective trustWellington FdPooled vehicles$40.1M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Wtc-Ctf Emerging Market Developmentcollective trustWellington Trust Company, NaPublic equity$26.1M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Wtc-Ctf Opportunistic Fixed Incomecollective trustWellington Trust Company, NaHedge / diversifiers$9.9M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Emerging Markets Equity Trustcollective trustT. Rowe Price Trust CompanyPublic equity$22.5M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Acwi Ex-Us Superfundcollective trustBlackrock Institutional Trust Company, NaPooled vehicles$18.9M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Arrowstreet International Equitycollective trustArrow Street CapitalPublic equity$180M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Equity Index Fundcollective trustWells FargoPublic equity$477M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Commingled Pension Trust Fund (longcollective trustJP MorganPooled vehicles$83.7M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Prudential Long Duration Governmentcollective trustPrudential Trust Co.Fixed income$89.7M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Schroder Collective Investment Truscollective trustSEI Trust CompanyPooled vehicles$114M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022WTC Cif II US Long Treasurycollective trustWellington FdFixed income$6.8M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022WTC Cif Real Estate Securitiescollective trustWellington Trust Company, NaReal estate$9.6M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Wtc-Cif Enduring Assetscollective trustWellington Trust Company, NaPooled vehicles$9.3M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Wtc-Cif II Downside Alpha Opportunicollective trustWellington FdPooled vehicles$42.0M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Wtc-Cif II Global Research Equity-Ecollective trustWellington FdPublic equity$14.4M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Wtc-Cif II US Inv Grade Corp Long Bcollective trustWellington FdPooled vehicles$14.1M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Wtc-Cif II US Long Stripscollective trustWellington FdPooled vehicles$34.1M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Wtc-Ctf Emerging Market Developmentcollective trustWellington Trust Company, NaPublic equity$24.9M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Wtc-Ctf Opportunistic Fixed Incomecollective trustWellington Trust Company, NaHedge / diversifiers$9.4M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Emerging Markets Equity Trustcollective trustT. Rowe Price Trust CompanyPublic equity$22.0M heldDisclosed holdingaskebsa.dol.gov
Size and funding
33 readings
Total assets
$3.0B Dec 31, 2024 reported Form 5500
$2.9B (2023-12) · $2.7B (2022-12)
Plan assets
$2.9B Jan 1, 2024 reported Form 5500
$2.6B (2023-01) · $3.3B (2022-01)
Net assets
$3.0B Dec 31, 2024 reported Form 5500
$2.9B (2023-12) · $2.6B (2022-12)
Funded ratio
110.8% Jan 1, 2024 reported Form 5500
115.8% (2023-01) · 126.5% (2022-01)
Funding target
$2.0B Jan 1, 2024 reported Form 5500
$1.9B (2023-01) · $1.8B (2022-01)
Discount rate
5.25% Jan 1, 2024 reported Form 5500
5.32% (2023-01) · 5.48% (2022-01)
Participants
8,850 Jan 1, 2024 reported Form 5500
8,687 (2023-01) · 8,736 (2022-01)
Contributions
$0 Dec 31, 2024 reported Form 5500
$0 (2023-12) · $0 (2022-12)
Benefits paid
$108M Dec 31, 2024 reported Form 5500
$105M (2023-12) · $99.6M (2022-12)
Net investment income
$128M Dec 31, 2024 reported Form 5500
$227M (2023-12) · $-708M (2022-12)
Investment management fees
$8.9M Dec 31, 2024 reported Form 5500
$10.5M (2023-12) · $8.0M (2022-12)
Form 5500 filings
3 plan years
Plan yearParticipantsAssets (SB market)Funding targetFTAPTotal assets (H)Partnerships / JVMaster trustReal estate
2024 to Dec 31, 20248,850$2.9B$2.0B110.8%$3.0B$529Mn/an/a
2023 to Dec 31, 20238,687$2.6B$1.9B115.8%$2.9B$435Mn/an/a
2022 to Dec 31, 20228,736$3.3B$1.8B126.5%$2.7B$365Mn/an/a
Service providers and investment entities as filed (Schedule C and D, latest year first)
What changed
24 events
  • Dec 31, 2024Holding endedinference
    Factory Mutual Insurance Company Pension Plan no longer reports Emerging Markets Equity Trust (T. Rowe Price Trust Company) (last held $22M at 2023-12-31; absent from the 2024-12-31 filing)
    with T. Rowe Price Trust Companyaskebsa.dol.gov
  • Dec 31, 2024Holding started
    Factory Mutual Insurance Company Pension Plan first reports an interest in Russell 1000 Growth: $48M at 2024-12-31
    with Russell 1000 Growth Fundaskebsa.dol.gov
  • Dec 31, 2024Holding endedinference
    Factory Mutual Insurance Company Pension Plan no longer reports Wtc-Ctf Emerging Market Development (last held $26M at 2023-12-31; absent from the 2024-12-31 filing)
    with Wtc-Ctf Emerging Market Developmentaskebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    Rockpoint appears on Factory Mutual Insurance Company Pension Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Rockpointaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    Morgan Stanley & Co, LLC no longer appears on Factory Mutual Insurance Company Pension Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Morgan Stanley & Co Incaskebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    Lexington Capital Partners X appears on Factory Mutual Insurance Company Pension Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Lexington Capital Partners Xaskebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    American Industry Partners appears on Factory Mutual Insurance Company Pension Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with American Industry Partnersaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    Angelo, Gordan & Co. L.P. no longer appears on Factory Mutual Insurance Company Pension Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Angelo, Gordon & Co.askebsa.dol.gov
  • Dec 31, 2024Consultant changedinference
    Fidelity appears on Factory Mutual Insurance Company Pension Plan's Schedule C as pension consultant (plan year 2024 vs 2023)
    with Fidelity Investmentsaskebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    Private Equity Partners appears on Factory Mutual Insurance Company Pension Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Private Equity Partnersaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    Rockport Investment Partners no longer appears on Factory Mutual Insurance Company Pension Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Rockport Investment Partnersaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    BC Partners LLC no longer appears on Factory Mutual Insurance Company Pension Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with BC Partners LLCaskebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    Northern Trust appears on Factory Mutual Insurance Company Pension Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Northern Trust Co.askebsa.dol.gov
  • Jan 1, 2024Funded status changed
    Factory Mutual Insurance Company Pension Plan funded ratio 115.8% -> 110.8% (2023-01-01 to 2024-01-01)
    askebsa.dol.gov
  • Dec 31, 2023Manager relationship started
    General Catalyst Group Management L appears on Factory Mutual Insurance Company Pension Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with General Catalyst Group Management Laskebsa.dol.gov
  • Dec 31, 2023Manager relationship started
    Rockport Investment Partners appears on Factory Mutual Insurance Company Pension Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Rockport Investment Partnersaskebsa.dol.gov
  • Dec 31, 2023Manager relationship started
    BC Partners LLC appears on Factory Mutual Insurance Company Pension Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with BC Partners LLCaskebsa.dol.gov
  • Dec 31, 2023Manager relationship started
    KKR & Co. Inc. appears on Factory Mutual Insurance Company Pension Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with KKR & Co. L.Paskebsa.dol.gov
  • Dec 31, 2023Manager relationship started
    Tiger Global Management, LLC appears on Factory Mutual Insurance Company Pension Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Tiger Globalaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    Enterprise no longer appears on Factory Mutual Insurance Company Pension Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Enterpriseaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    KKR North America no longer appears on Factory Mutual Insurance Company Pension Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with KKR North Americaaskebsa.dol.gov
  • Dec 31, 2023Manager relationship started
    Angelo, Gordan & Co. L.P. appears on Factory Mutual Insurance Company Pension Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Angelo, Gordon & Co.askebsa.dol.gov
  • Jan 1, 2023Funded status changed
    Factory Mutual Insurance Company Pension Plan funded ratio 126.5% -> 115.8% (2022-01-01 to 2023-01-01)
    askebsa.dol.gov
  • Jan 1, 2023Assets changed
    Factory Mutual Insurance Company Pension Plan plan assets $3.3B -> $2.6B (-21.1%, 2022-01-01 to 2023-01-01)
    askebsa.dol.gov
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Provenance
Identifiers: EIN-PN 050316605-001
Cross-graph: no entry on another DFX graph
First observed Sep 15, 2026, last observed Sep 15, 2026. Classification confirmed. Every row above carries its source; a reported figure is the subject’s own, a derived one is arithmetic on reported figures, an estimated one is a model or a survey imputation and is never summed into a headline.