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
Association of American Railroads Pension Plan
Corporate pensionWashington, DC
Assets
$79.2M
Total assets, Dec 31, 2024 reported
Funded
88.3%
Jan 1, 2024
Private markets target
n/a
policy Dec 31, 2024
Commitments
3
1 managers on Schedule C
Plan sponsor: Association of American Railroads
Allocation policy
Form 5500, as of Dec 31, 2024
Actual allocation lines without a target (as filed)
- Non-interest-bearing cash 0.7%
- Corporate debt instruments (other) 28.8%
- Corporate debt instruments (preferred) 14.2%
- U.S. Government securities 13.5%
- Insurance company general account 2.2%
- Other investments 0.2%
- Pooled separate accounts 1.0%
- Registered investment companies 38.6%
Consultants and advisers
1 firms
- Empower Actuarythrough Dec 31, 2022 Form 5500
People
No investment staff or executives have been read for this allocator yet.
Manager roster
1 managers on the commitment tape
From the plan’s own commitment disclosures
- Prudential Retirement & Annuity Ins3 rows, latest Dec 31, 2024
From Schedule C (investment management, code 28)
- SUN Life Investment Managementplan years 2024
- Bank of America, N.A, NYplan years 2023
- Capfinancial Partners, LLCplan years 2022
- The Huntington National Bplan years 2022
Commitments
3 rows, 0 dated closings
Disclosed holdings (from the plan’s performance or holdings report, as of the report date)
| Date | Fund | Manager | Bucket | Amount | Vintage | Status | Source |
|---|---|---|---|---|---|---|---|
| as of Dec 31, 2024 | Goldman Sachs High Yield Iseparate account | Prudential Retirement & Annuity Ins | Fixed income | $798,755 held | Disclosed holding | askebsa.dol.gov | |
| as of Dec 31, 2023 | Goldman Sachs High Yield Iseparate account | Prudential Retirement & Annuity Ins | Fixed income | $870,184 held | Disclosed holding | askebsa.dol.gov | |
| as of Dec 31, 2022 | Goldman Sachs High Yield Iseparate account | Prudential Retirement & Annuity Ins | Fixed income | $760,372 held | Disclosed holding | askebsa.dol.gov |
Size and funding
31 readings
Investment management fees
Form 5500 filings
3 plan years
| Plan year | Participants | Assets (SB market) | Funding target | FTAP | Total assets (H) | Partnerships / JV | Master trust | Real estate |
|---|---|---|---|---|---|---|---|---|
| 2024 to Dec 31, 2024 | 1,261 | $81.1M | $81.3M | 88.3% | $79.2M | n/a | n/a | n/a |
| 2023 to Dec 31, 2023 | 1,300 | $80.0M | $81.1M | 90.0% | $80.2M | n/a | n/a | n/a |
| 2022 to Dec 31, 2022 | 1,313 | $99.3M | $78.2M | 100.0% | $79.1M | n/a | n/a | n/a |
Service providers and investment entities as filed (Schedule C and D, latest year first)
- Empower Annuity Insurance Company codes 12 $358,221 PY2024
- SUN Life Investment Management codes 28 $194,590 PY2024
- CAP Financial Partners LLC codes 28 $30,000 PY2024
- Goldman Sachs High Yield I Sched. D P $798,755 PY2024
- High Yield Bond / Prudential Sched. D P PY2024
- Empower codes 11 PY2024
- Empower Annuity Insurance Company codes 12 $291,141 PY2023
- Bank of America, N.A, NY codes 28 $106,053 PY2023
- Capfinancial Partners LLP codes 28 $30,000 PY2023
- Goldman Sachs High Yield I Sched. D P $870,184 PY2023
- Empower codes 11 PY2023
- Prudential Retirement Ins & Annuity codes 12 $250,854 PY2022
- Capfinancial Partners LLP codes 28 $30,000 PY2022
- The Huntington National B codes 28 $5,200 PY2022
- Goldman Sachs High Yield I Sched. D P $760,372 PY2022
- Prudential Total Return Bondsa Sched. D P PY2022
- Empower codes 11 PY2022
What changed
6 events
- Dec 31, 2024Manager relationship endedinferenceBank of America, N.A, NY no longer appears on Association of American Railroads Pension Plan's Schedule C as investment manager (plan year 2024 vs 2023)with Bank of America, N.A, NYaskebsa.dol.gov
- Dec 31, 2024Manager relationship startedSUN Life Investment Management appears on Association of American Railroads Pension Plan's Schedule C as investment manager (plan year 2024 vs 2023)with SUN Life Investment Managementaskebsa.dol.gov
- Dec 31, 2023Manager relationship startedBank of America, N.A, NY appears on Association of American Railroads Pension Plan's Schedule C as investment manager (plan year 2023 vs 2022)with Bank of America, N.A, NYaskebsa.dol.gov
- Dec 31, 2023Manager relationship endedinferenceThe Huntington National B no longer appears on Association of American Railroads Pension Plan's Schedule C as investment manager (plan year 2023 vs 2022)with The Huntington National Baskebsa.dol.gov
- Jan 1, 2023Funded status changedAssociation of American Railroads Pension Plan funded ratio 100.0% -> 90.0% (2022-01-01 to 2023-01-01)
- Jan 1, 2023Assets changedAssociation of American Railroads Pension Plan plan assets $99M -> $80M (-19.4%, 2022-01-01 to 2023-01-01)
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Provenance
Identifiers: EIN-PN 536000125-001
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.