Penske Cash Balance Benefit Plan
Corporate pension, based in Reading, Pennsylvania, reporting $668M in assets, for 31,544 participants.
Composed from this allocator's classification, location and filed figures.
Nothing material in the last 90 days. Last change: 31 Dec 2024, SEI Investments no longer appears on Penske Cash Balance Benefit Plan's Schedule C as pension consultant (plan year 2024 vs 2023).
1 more adviser and 3 more commitments
Every figure, date and source on this page is shown. The names behind them, and every related record, open with the complete profile.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Capital path
who backs this record, through what, into what; each name opens its own path- SEI Core Property Collective Inv Tr2 commitments
- SEI Structured Credit Collective Fd2 commitments
- SEI Special Situations Collective2 commitments
- SEI Investments Management Corp6 commitments
Relationship network
15 connected entities6 observed commitments4 repeat counterpartiescommitments 2023 to 2024
From board minutes, annual reports, Form 5500 filings and public records of commitments, consultants and staff in the allocator graph. Commitment amounts are those the allocator disclosed; many are not printed, and none is estimated.
Some relationships on this record are counted rather than named here. They open with the full profile.
Click any name or line for the commitments and sources behind it. Line weight is commitments together; dashed lines are inferred.
- Sponsor
- Fund or vehicle
- Service provider
- Organization
›How strength and recency are read
Managers, funds and consultants are read from the commitments: three or more is a strong observed relationship, two a repeat counterparty. No consultant link is marked current on the source, so none is labelled current or former here. Related plans, people and plan service providers are ordered by what the filing shows.
Darker lines were active in the last 24 months or are current; lighter lines are older or undated.
Size, funding, policy and commitments, with their basesCorporate pensionShowHide
Allocation policy
- Non-interest-bearing cash 1.1%
- Common/collective trusts 9.1%
- Registered investment companies 89.6%
Consultants and advisers
- 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
+1 more consultant or adviser advise this allocator
Every name, record and relationship behind this count, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
People
Manager roster
- SEI Investments Management Corp6 rows, latest Dec 31, 2024
- SEI Investments Management Corpplan years
What changed
- 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)
Commitments
| Date | Fund | Manager | Bucket | Amount | Vintage | Status | Source |
|---|---|---|---|---|---|---|---|
| as of Dec 31, 2024 | SEI Core Property Collective Inv Trcollective trust | SEI Investments Management Corp | Real estate | $15.9M held | Disclosed holding | askebsa.dol.gov | |
| as of Dec 31, 2024 | SEI Structured Credit Collective Fdcollective trust | SEI Investments Management Corp | Private credit | $23.9M held | Disclosed holding | askebsa.dol.gov | |
| as of Dec 31, 2024 | SEI Special Situations Collectivecollective trust | SEI Investments Management Corp | Private credit | $21.1M held | Disclosed holding | askebsa.dol.gov |
+3 more commitments
Every fund and manager this allocator committed to, with the amount, date and source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Size and funding
Form 5500 filings
| 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 | Not disclosed | Not disclosed | Not disclosed |
| 2023 to Dec 31, 2023 | 26,108 | $617M | $570M | 97.5% | $656M | Not disclosed | Not disclosed | Not disclosed |
| 2022 to Dec 31, 2022 | 24,432 | $676M | $488M | 113.6% | $618M | Not disclosed | Not disclosed | Not disclosed |
- 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
+22 more service providers
Every name, record and relationship behind this count, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Provenance
Provenance
Penske Cash Balance Benefit Plan sits on 4 traced paths of capital across the graphs.
DFX traced 4 paths of capital through this record
Every record on each path, what it committed or lent, and as of when.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.
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Record history
- Consultant changed2024-12-31source on record
- Consultant changed2024-12-31source on record
- Manager relationship ended2024-12-31source on record
+1 more change on this record's ledger
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.
›Connections
every published relationship on the graph
+6 connections on the graph
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.