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

Pepsico Employees Retirement Plan I

Corporate pensionPurchase, NY
Assets
$6.8B
Total assets, Dec 31, 2024 reported
Funded
92.6%
Jan 1, 2024
Private markets target
n/a
policy Dec 31, 2024
Commitments
0
3 managers on Schedule C
Plan sponsor: Pepsico, Inc.
Allocation policy
Form 5500, as of Dec 31, 2024
Actual allocation lines without a target (as filed)
  • Master trust investment accounts 96.3%
Consultants and advisers
9 firms
People
No investment staff or executives have been read for this allocator yet.
Manager roster
28 managers on Schedule C
From Schedule C (investment management, code 28)
Commitments
No fund commitments are on the tape for this allocator. The tape holds the plans that publish their own private-markets reports; a plan that publishes one and is not here is a gap we can close.
Size and funding
30 readings
Total assets
$6.8B Dec 31, 2024 reported Form 5500
$7.6B (2023-12) · $7.7B (2022-12)
Plan assets
$7.4B Jan 1, 2024 reported Form 5500
$7.5B (2023-01) · $10B (2022-01)
Net assets
$6.8B Dec 31, 2024 reported Form 5500
$7.6B (2023-12) · $7.6B (2022-12)
Funded ratio
92.6% Jan 1, 2024 reported Form 5500
88.8% (2023-01) · 122.3% (2022-01)
Funding target
$7.3B Jan 1, 2024 reported Form 5500
$7.5B (2023-01) · $7.0B (2022-01)
Discount rate
5.24% Jan 1, 2024 reported Form 5500
5.33% (2023-01) · 5.49% (2022-01)
Participants
65,067 Jan 1, 2024 reported Form 5500
66,886 (2023-01) · 62,045 (2022-01)
Contributions
$250M Dec 31, 2024 reported Form 5500
$0 (2023-12) · $0 (2022-12)
Benefits paid
$840M Dec 31, 2024 reported Form 5500
$754M (2023-12) · $1.0B (2022-12)
Net investment income
$-742M Dec 31, 2024 reported Form 5500
$-51.0M (2023-12) · $-3.5B (2022-12)
Form 5500 filings
3 plan years
Plan yearParticipantsAssets (SB market)Funding targetFTAPTotal assets (H)Partnerships / JVMaster trustReal estate
2024 to Dec 31, 202465,067$7.4B$7.3B92.6%$6.8Bn/a$6.6Bn/a
2023 to Dec 31, 202366,886$7.5B$7.5B88.8%$7.6Bn/a$7.6Bn/a
2022 to Dec 31, 202262,045$10B$7.0B122.3%$7.7Bn/a$7.7Bn/a
Service providers and investment entities as filed (Schedule C and D, latest year first)
What changed
7 events
  • Dec 31, 2024Consultant changedinference
    Towers Watson Investment Service in appears on Pepsico Employees Retirement Plan I's Schedule C as investment adviser (plan) (plan year 2024 vs 2023)
    with Towers Watson Investment Services,askebsa.dol.gov
  • Dec 31, 2024Assets changed
    Pepsico Employees Retirement Plan I total assets $7.6B -> $6.8B (-10.0%, 2023-12-31 to 2024-12-31)
    askebsa.dol.gov
  • Jan 1, 2024Funded status changed
    Pepsico Employees Retirement Plan I funded ratio 88.8% -> 92.6% (2023-01-01 to 2024-01-01)
    askebsa.dol.gov
  • Dec 31, 2023Consultant changedinference
    Towers Watson Investment Services no longer appears on Pepsico Employees Retirement Plan I's Schedule C as pension consultant (plan year 2023 vs 2022)
    with Towers Watson Investment Services,askebsa.dol.gov
  • Dec 31, 2023Consultant changedinference
    Committee of Investment of Employee appears on Pepsico Employees Retirement Plan I's Schedule C as general consultant (plan year 2023 vs 2022)
    with Ciebaaskebsa.dol.gov
  • Jan 1, 2023Funded status changed
    Pepsico Employees Retirement Plan I funded ratio 122.3% -> 88.8% (2022-01-01 to 2023-01-01)
    askebsa.dol.gov
  • Jan 1, 2023Assets changed
    Pepsico Employees Retirement Plan I plan assets $10.2B -> $7.5B (-26.7%, 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 131584302-004
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.