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

Pinnacle West Capital Corporation Retirement Plan

Corporate pensionPhoenix, AZ
Assets
$3.1B
Total assets, Dec 31, 2024 reported
Funded
90.2%
Jan 1, 2024
Private markets target
n/a
policy Dec 31, 2024
Commitments
14
none on the tape
Plan sponsor: Pinnacle West Capital Corporation
Allocation policy
Form 5500, as of Dec 31, 2024
Actual allocation lines without a target (as filed)
  • Interest-bearing cash 1.8%
  • Non-interest-bearing cash 0.3%
  • Corporate debt instruments (other) 17.7%
  • Corporate debt instruments (preferred) 30.3%
  • U.S. Government securities 19.4%
  • Other investments 4.1%
  • Partnership/joint venture interests 0.3%
  • Common/collective trusts 17.2%
  • Registered investment companies 4.1%
  • Common stock 3.7%
Consultants and advisers
7 firms
People
No investment staff or executives have been read for this allocator yet.
Manager roster
3 managers on the commitment tape
From the plan’s own commitment disclosures
From Schedule C (investment management, code 28)
Commitments
14 rows, 0 dated closings
Disclosed holdings (from the plan’s performance or holdings report, as of the report date)
DateFundManagerBucketAmountVintageStatusSource
as of Dec 31, 2024Jpmcb Strategic Property Fundcollective trustJ.P. Morgan ChaseReal estate$147M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024State St S&p 500 Flagship Sec Lendicollective trustState Street - Russell 2000Pooled vehicles$252M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024South Lasalle Intrnational Equitiescollective trustColumbia Asset ManagementPublic equity$81.3M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Emerging Markets Trustcollective trustMorgan StanleyPublic equity$52.0M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Jpmcb Strategic Property Fundcollective trustJ.P. Morgan ChaseReal estate$161M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023State St S&p 500 Flagship Sec Lendicollective trustState Street - Russell 2000Pooled vehicles$129M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Russell 1000 Value Index Sl Fundcollective trustState Street - Russell 2000Pooled vehicles$2.3M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Emerging Markets Trustcollective trustMorgan StanleyPublic equity$56.0M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023South Lasalle Intrnational Equitiescollective trustColumbia Asset ManagementPublic equity$87.8M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Jpmcb Strategic Property Fundcollective trustJ.P. Morgan ChaseReal estate$198M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Russell 1000 Value Index Sl Fundcollective trustState Street - Russell 2000Pooled vehicles$112M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022State St S&p 500 Flagship Sec Lendicollective trustState Street - Russell 2000Pooled vehicles$2.0M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Emerging Markets Trustcollective trustMorgan StanleyPublic equity$54.5M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022South Lasalle Intrnational Equitiescollective trustColumbia Asset ManagementPublic equity$87.3M heldDisclosed holdingaskebsa.dol.gov
Size and funding
33 readings
Total assets
$3.1B Dec 31, 2024 reported Form 5500
$3.3B (2023-12) · $3.2B (2022-12)
Plan assets
$2.8B Jan 1, 2024 reported Form 5500
$2.8B (2023-01) · $3.8B (2022-01)
Net assets
$3.1B Dec 31, 2024 reported Form 5500
$3.2B (2023-12) · $3.2B (2022-12)
Funded ratio
90.2% Jan 1, 2024 reported Form 5500
88.6% (2023-01) · 108.1% (2022-01)
Funding target
$2.8B Jan 1, 2024 reported Form 5500
$2.8B (2023-01) · $2.7B (2022-01)
Discount rate
5.06% Jan 1, 2024 reported Form 5500
5.20% (2023-01) · 5.37% (2022-01)
Participants
15,219 Jan 1, 2024 reported Form 5500
14,935 (2023-01) · 14,757 (2022-01)
Contributions
$0 Dec 31, 2024 reported Form 5500
$0 (2023-12) · $0 (2022-12)
Benefits paid
$209M Dec 31, 2024 reported Form 5500
$201M (2023-12) · $202M (2022-12)
Net investment income
$-179M Dec 31, 2024 reported Form 5500
$42.6M (2023-12) · $-1.1B (2022-12)
Investment management fees
$7.2M Dec 31, 2024 reported Form 5500
$8.7M (2023-12) · $8.7M (2022-12)
Form 5500 filings
3 plan years
Plan yearParticipantsAssets (SB market)Funding targetFTAPTotal assets (H)Partnerships / JVMaster trustReal estate
2024 to Dec 31, 202415,219$2.8B$2.8B90.2%$3.1B$8.8Mn/an/a
2023 to Dec 31, 202314,935$2.8B$2.8B88.6%$3.3B$11.4Mn/an/a
2022 to Dec 31, 202214,757$3.8B$2.7B108.1%$3.2B$13.4Mn/an/a
Service providers and investment entities as filed (Schedule C and D, latest year first)
What changed
7 events
  • Dec 31, 2024Holding endedinference
    Pinnacle West Capital Corporation Retirement Plan no longer reports Russell 1000 Value Index Sl Fund (State Street - Russell 2000) (last held $2M at 2023-12-31; absent from the 2024-12-31 filing)
    with State Street - Russell 2000askebsa.dol.gov
  • Dec 31, 2024Consultant changedinference
    Alterity Group no longer appears on Pinnacle West Capital Corporation Retirement Plan's Schedule C as pension consultant (plan year 2024 vs 2023)
    with Alterity Group LLCaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    Wellington Management Company LLP no longer appears on Pinnacle West Capital Corporation Retirement Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Wellington Managementaskebsa.dol.gov
  • Dec 31, 2023Consultant changedinference
    Mercer Investments LLC appears on Pinnacle West Capital Corporation Retirement Plan's Schedule C as investment adviser (plan) (plan year 2023 vs 2022)
    with Mercer Investments LLCaskebsa.dol.gov
  • Dec 31, 2023Consultant changedinference
    Alterity Group appears on Pinnacle West Capital Corporation Retirement Plan's Schedule C as pension consultant (plan year 2023 vs 2022)
    with Alterity Group LLCaskebsa.dol.gov
  • Jan 1, 2023Funded status changed
    Pinnacle West Capital Corporation Retirement Plan funded ratio 108.1% -> 88.6% (2022-01-01 to 2023-01-01)
    askebsa.dol.gov
  • Jan 1, 2023Assets changed
    Pinnacle West Capital Corporation Retirement Plan plan assets $3.8B -> $2.8B (-25.7%, 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 860512431-001
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.