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
Penske Cash Balance Benefit Plan
Corporate pensionReading, PA
Assets
$668M
Total assets, Dec 31, 2024 reported
Funded
96.8%
Jan 1, 2024
Private markets target
n/a
policy Dec 31, 2024
Commitments
6
none on the tape
Plan sponsor: Penske Truck Leasing Co., LP
Allocation policy
Form 5500, as of Dec 31, 2024
Actual allocation lines without a target (as filed)
- Non-interest-bearing cash 1.1%
- Common/collective trusts 9.1%
- Registered investment companies 89.6%
Consultants and advisers
4 firms
- Mercer Investment Consulting, Inc. Pension consultantthrough Dec 31, 2022 Form 5500
- SEI Investments Company Pension consultantthrough Dec 31, 2022 Form 5500
- Transamerica Retirement Solutions Actuarythrough Dec 31, 2022 Form 5500
- Willis Towers Watson US LLC Actuarythrough Dec 31, 2022 Form 5500
People
No investment staff or executives have been read for this allocator yet.
Manager roster
2 managers on the commitment tape
From the plan’s own commitment disclosures
- SEI Core Property Collective Fund2 rows, latest Dec 31, 2024
- SEI Structrued Credit Collective Fd2 rows, latest Dec 31, 2024
Commitments
6 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 | SEI Core Property Collective Inv Trcollective trust | SEI Core Property Collective Fund | Real estate | $15.9M held | Disclosed holding | askebsa.dol.gov | |
| as of Dec 31, 2024 | SEI Special Situations Collectivecollective trust | SEI Trust Company | Private credit | $21.1M held | Disclosed holding | askebsa.dol.gov | |
| as of Dec 31, 2024 | SEI Structured Credit Collective Fdcollective trust | SEI Structrued Credit Collective Fd | Private credit | $23.9M held | Disclosed holding | askebsa.dol.gov | |
| as of Dec 31, 2023 | SEI Core Property Collective Inv Trcollective trust | SEI Core Property Collective Fund | Real estate | $16.8M held | Disclosed holding | askebsa.dol.gov | |
| as of Dec 31, 2023 | SEI Special Situations Collectivecollective trust | SEI Trust Company | Private credit | $17.9M held | Disclosed holding | askebsa.dol.gov | |
| as of Dec 31, 2023 | SEI Structured Credit Collective Fdcollective trust | SEI Structrued Credit Collective Fd | Private credit | $20.0M held | Disclosed holding | askebsa.dol.gov |
Size and funding
32 readings
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 | 31,544 | $656M | $609M | 96.8% | $668M | n/a | n/a | n/a |
| 2023 to Dec 31, 2023 | 26,108 | $617M | $570M | 97.5% | $656M | n/a | n/a | n/a |
| 2022 to Dec 31, 2022 | 24,432 | $676M | $488M | 113.6% | $618M | n/a | n/a | n/a |
Service providers and investment entities as filed (Schedule C and D, latest year first)
- Fidelity Inv Inst Operations Co LLC codes 14 50 $4.6M PY2024
- Willis Towers Watson US LLC codes 11 17 50 $380,696 PY2024
- Deloitte & Touche LLP codes 10 50 $37,277 PY2024
- SEI Structured Credit Collective Fd Sched. D C $23.9M PY2024
- SEI Core Property Collective Invest Sched. D C $15.9M PY2024
- SEI Special Situations Collective I Sched. D C $21.1M PY2024
- Willis Towers Watson US LLC codes 11 PY2024
- Transamerica Retirement Solutions codes 11 12 15 28 38 50 59 61 62 63 64 $784,565 PY2023
- Willis Towers Watson US LLC codes 11 17 50 $565,783 PY2023
- SEI Investments codes 17 50 $305,059 PY2023
- Fidelity Inv Inst Operations Co LLC codes 14 50 $178,563 PY2023
- Deloitte & Touche LLP codes 10 50 $69,108 PY2023
- Mercer Investment Consulting Inc. codes 17 50 $5,977 PY2023
- SEI Structured Credit Collective Fd Sched. D C $20.0M PY2023
- SEI Core Property Collective Invest Sched. D C $16.8M PY2023
- SEI Special Situations Collective I Sched. D C $17.9M PY2023
- Willis Towers Watson US LLC codes 11 PY2023
- Transamerica Retirement Solutions codes 11 12 15 28 38 50 59 61 62 63 64 $1.0M PY2022
- SEI Investments codes 17 50 $347,319 PY2022
- Willis Towers Watson US LLC codes 11 17 50 $105,256 PY2022
- Mercer Investment Consulting Inc. codes 17 50 $53,495 PY2022
- Deloitte & Touche LLP codes 10 50 $44,692 PY2022
- Fidelity Inv Inst Operations Co LLC codes 14 50 $29,310 PY2022
- National Financial Services codes 33 71 PY2022
- Willis Towers Watson US LLC codes 11 PY2022
What changed
4 events
- Dec 31, 2024Consultant changedinferenceSEI Investments no longer appears on Penske Cash Balance Benefit Plan's Schedule C as pension consultant (plan year 2024 vs 2023)with SEI Investments Companyaskebsa.dol.gov
- Dec 31, 2024Consultant changedinferenceMercer Investment Consulting Inc. no longer appears on Penske Cash Balance Benefit Plan's Schedule C as pension consultant (plan year 2024 vs 2023)with Mercer Investment Consulting, Inc.askebsa.dol.gov
- Dec 31, 2024Manager relationship endedinferenceTransamerica Retirement Solutions no longer appears on Penske Cash Balance Benefit Plan's Schedule C as investment manager (plan year 2024 vs 2023)with Transamerica Retirement Solutionsaskebsa.dol.gov
- Jan 1, 2023Funded status changedPenske Cash Balance Benefit Plan funded ratio 113.6% -> 97.5% (2022-01-01 to 2023-01-01)
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Provenance
Identifiers: EIN-PN 232518618-014
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.