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

U. S. Retirement Plan

Corporate pensionHackettstown, NJ
Assets
$5.1B
Total assets, Dec 31, 2024 reported
Funded
94.2%
Jan 1, 2024
Private markets target
n/a
policy Dec 31, 2024
Commitments
24
14 managers on Schedule C
Plan sponsor: Mars, Incorporated
Allocation policy
Form 5500, as of Dec 31, 2024
Actual allocation lines without a target (as filed)
  • Non-interest-bearing cash 0.0%
  • Corporate debt instruments (other) 0.0%
  • U.S. Government securities 20.1%
  • Other investments 0.0%
  • Partnership/joint venture interests 64.0%
  • 103-12 investment entities 0.6%
  • Common/collective trusts 8.0%
  • Common stock 1.0%
  • Real estate (other than employer real property) 6.0%
Consultants and advisers
13 firms
People
No investment staff or executives have been read for this allocator yet.
Manager roster
6 managers on the commitment tape
From the plan’s own commitment disclosures
From Schedule C (investment management, code 28)
Commitments
24 rows, 0 dated closings
Disclosed holdings (from the plan’s performance or holdings report, as of the report date)
DateFundManagerBucketAmountVintageStatusSource
as of Dec 31, 2024Acadian International Small Cap Fd103 12 ieAcadian Asset ManagementPublic equity$18.7M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Voya Private Credit Trust Fundcollective trustVoya Investment Trust Co.Private credit$81.9M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024NT Collective Govt Short Term Invtcollective trustNorthern Trust Collective Eafe IndeCash$153M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Acadian Emerging Markets Equity II103 12 ieAcadian Asset ManagementPublic equity$34.3M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Long Duration Total Return Bond Funcollective trustReliance Trust CompanyFixed income$57.5M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Green Court China Opportunity Fund103 12 ieGreen Court Capital Management LtdPooled vehicles$2.7M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Metlife Long Credit Collective Trcollective trustSEI Trust CompanyPrivate credit$60.0M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024PAC North of South Em All Cap Eq Fd103 12 ieGlobal Trust CompanyPooled vehicles$7.0M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Pacific Nos Global Em Equity Fund103 12 ieGlobal Trust CompanyPublic equity$20.0M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Acadian International Small Cap Funcollective trustAcadian Intl Small CapPublic equity$17.8M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023UBS Emerging Market Equity Opp Fundcollective trustUBS Global Asset ManagementPublic equity$42.5M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Voya Private Credit Trust Fundcollective trustVoya Investment Trust Co.Private credit$77.3M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023MFB Northern Instnl Diversified Asscollective trustNorthern Trust Co.Hedge / diversifiers$262M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Acadian International Small Cap Fdcollective trustAcadian Asset ManagementPublic equity$47.3M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Collective Short Term Investment Fdcollective trustCF Col Doubleline Lng Dur Tl Rt B F Cl3Cash$60.2M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Green Court China Opportunity Fund103 12 ieGreen Court Capital Management LtdPooled vehicles$2.4M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Metlife Long Credit Collective Trcollective trustSEI Trust CompanyPrivate credit$60.5M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Acadian International Small Cap Funcollective trustAcadian Intl Small CapPublic equity$15.5M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022UBS Emerging Market Equity Opp Fundcollective trustUBS Global Asset ManagementPublic equity$38.9M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Voya Private Credit Trust Fundcollective trustVoya Investment Trust Co.Private credit$70.9M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022MFB Northern Instnl Diversified Asscollective trustNorthern Trust Co.Hedge / diversifiers$248M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Acadian International Small Cap Fdcollective trustAcadian Asset ManagementPublic equity$38.8M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Marathon-London Intl Fd Group Trustcollective trustCF the Marathon -London Intl Group Tr FdPooled vehicles$24.2M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Collective Short Term Investment Fdcollective trustCF Col Doubleline Lng Dur Tl Rt B F Cl3Cash$77.3M heldDisclosed holdingaskebsa.dol.gov
Size and funding
33 readings
Total assets
$5.1B Dec 31, 2024 reported Form 5500
$5.3B (2023-12) · $5.4B (2022-12)
Plan assets
$4.3B Jan 1, 2024 reported Form 5500
$4.4B (2023-01) · $5.2B (2022-01)
Net assets
$5.1B Dec 31, 2024 reported Form 5500
$5.3B (2023-12) · $5.4B (2022-12)
Funded ratio
94.2% Jan 1, 2024 reported Form 5500
102.0% (2023-01) · 107.7% (2022-01)
Funding target
$4.4B Jan 1, 2024 reported Form 5500
$4.2B (2023-01) · $4.0B (2022-01)
Discount rate
5.16% Jan 1, 2024 reported Form 5500
5.28% (2023-01) · 5.50% (2022-01)
Participants
27,552 Jan 1, 2024 reported Form 5500
28,471 (2023-01) · 29,147 (2022-01)
Contributions
$7,743 Dec 31, 2024 reported Form 5500
$8,685 (2023-12) · $391,077 (2022-12)
Benefits paid
$301M Dec 31, 2024 reported Form 5500
$303M (2023-12) · $242M (2022-12)
Net investment income
$-229M Dec 31, 2024 reported Form 5500
$-107M (2023-12) · $-995M (2022-12)
Investment management fees
$7.2M Dec 31, 2024 reported Form 5500
$10.1M (2023-12) · $11.3M (2022-12)
Form 5500 filings
3 plan years
Plan yearParticipantsAssets (SB market)Funding targetFTAPTotal assets (H)Partnerships / JVMaster trustReal estate
2024 to Dec 31, 202427,552$4.3B$4.4B94.2%$5.1B$3.3Bn/a$305M
2023 to Dec 31, 202328,471$4.4B$4.2B102.0%$5.3B$3.2Bn/a$321M
2022 to Dec 31, 202229,147$5.2B$4.0B107.7%$5.4B$3.2Bn/a$385M
Service providers and investment entities as filed (Schedule C and D, latest year first)
What changed
59 events
  • Dec 31, 2024Holding started
    U. S. Retirement Plan first reports an interest in Acadian Emerging Markets Equity II (Acadian Asset Management): $34M at 2024-12-31
    with Acadian Asset Managementaskebsa.dol.gov
  • Dec 31, 2024Holding started
    U. S. Retirement Plan first reports an interest in NT Collective Govt Short Term Invt (Northern Trust Collective Eafe Inde): $153M at 2024-12-31
    with Northern Trust Collective Eafe Indeaskebsa.dol.gov
  • Dec 31, 2024Holding endedinference
    U. S. Retirement Plan no longer reports UBS Emerging Market Equity Opp Fund (UBS Global Asset Management) (last held $43M at 2023-12-31; absent from the 2024-12-31 filing)
    with UBS Global Asset Managementaskebsa.dol.gov
  • Dec 31, 2024Holding started
    U. S. Retirement Plan first reports an interest in PAC North of South Em All Cap Eq Fd: $7M at 2024-12-31
    with PAC North of South Em All Cap Eq Fdaskebsa.dol.gov
  • Dec 31, 2024Holding endedinference
    U. S. Retirement Plan no longer reports Collective Short Term Investment Fd (last held $60M at 2023-12-31; absent from the 2024-12-31 filing)
    with Collective Short Term Investment Fdaskebsa.dol.gov
  • Dec 31, 2024Holding started
    U. S. Retirement Plan first reports an interest in Long Duration Total Return Bond Fun: $58M at 2024-12-31
    with Long Duration Total Return Bond Funaskebsa.dol.gov
  • Dec 31, 2024Holding endedinference
    U. S. Retirement Plan no longer reports Acadian International Small Cap Fun (Acadian Intl Small Cap) (last held $18M at 2023-12-31; absent from the 2024-12-31 filing)
    with Acadian Intl Small Capaskebsa.dol.gov
  • Dec 31, 2024Holding started
    U. S. Retirement Plan first reports an interest in Pacific Nos Global Em Equity Fund: $20M at 2024-12-31
    with Pacific Nos Global Em Equity Fundaskebsa.dol.gov
  • Dec 31, 2024Holding endedinference
    U. S. Retirement Plan no longer reports MFB Northern Instnl Diversified Ass (Northern Trust Co.) (last held $262M at 2023-12-31; absent from the 2024-12-31 filing)
    with Northern Trust Co.askebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    Greystar Thackeray Rlty Fund VI, LP no longer appears on U. S. Retirement Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Greystar Thackeray Rlty Fund VI, LPaskebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    Greystar Investment Group, LLC appears on U. S. Retirement Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Greystar Investment Group, LLCaskebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    MGG Sf Evergreen (cayman) Fund appears on U. S. Retirement Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with MGG Sf Evergreen (cayman) Fundaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    Fidelity Institutional Asset Mgmt no longer appears on U. S. Retirement Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Fidelity Institutional Asset Mgmtaskebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    Causeway Capital Management LLC appears on U. S. Retirement Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Causeway Capital Management LLCaskebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    Shasta Ventures V GP, LLC appears on U. S. Retirement Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Shasta Ventures V GP, LLCaskebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    Carter-Haston Investment Partners appears on U. S. Retirement Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Carter-Haston Investment Partnersaskebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    Onex Partners Manager LP appears on U. S. Retirement Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Onex Partners Manager LPaskebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    Tsg7b Management LLC appears on U. S. Retirement Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Tsg7b Management LLCaskebsa.dol.gov
  • Dec 31, 2024Consultant changedinference
    North Pier Fiduciary Mgmt no longer appears on U. S. Retirement Plan's Schedule C as general consultant (plan year 2024 vs 2023)
    with North Pier Fiduciaryaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    UBS Asset Management Trust Company no longer appears on U. S. Retirement Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with UBS Global Asset Managementaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    Arcm Feeder Fund IV Ltd. no longer appears on U. S. Retirement Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Arcm Feeder Fund IV Ltd.askebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    Hudson Realty Capital Fund IV no longer appears on U. S. Retirement Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Hudson Realty Capital Fund IVaskebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    Westbrook appears on U. S. Retirement Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Westbrookaskebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    Crow Holdings Capital appears on U. S. Retirement Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Crow Holdings Capitalaskebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    Harrison Street Advisors LLC appears on U. S. Retirement Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Harrison Streetaskebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    United States Power Fund IV L.P. appears on U. S. Retirement Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with United States Power Fund IV L.P.askebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    Greystar Real Estate Partners appears on U. S. Retirement Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Greystar Investment Group, LLCaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    Onex Partners IV LP no longer appears on U. S. Retirement Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Onex Partners IV LPaskebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    Warburg Pincus Global Growth appears on U. S. Retirement Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Warburg Pincus Global Growthaskebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    Carillon Tower Advisers appears on U. S. Retirement Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Carillon Tower Advisersaskebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    Trexquant Offshore Fund appears on U. S. Retirement Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Trexquant Offshore Fundaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    Marathon Asset Management Limited no longer appears on U. S. Retirement Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Marathon Asset Management, LPaskebsa.dol.gov
  • Jan 1, 2024Funded status changed
    U. S. Retirement Plan funded ratio 102.0% -> 94.2% (2023-01-01 to 2024-01-01)
    askebsa.dol.gov
  • Dec 31, 2023Holding started
    U. S. Retirement Plan first reports an interest in Metlife Long Credit Collective Tr: $61M at 2023-12-31
    with Metlife Long Credit Collective Traskebsa.dol.gov
  • Dec 31, 2023Holding endedinference
    U. S. Retirement Plan no longer reports Marathon-London Intl Fd Group Trust (last held $24M at 2022-12-31; absent from the 2023-12-31 filing)
    with Marathon-London Intl Fd Group Trustaskebsa.dol.gov
  • Dec 31, 2023Holding started
    U. S. Retirement Plan first reports an interest in Green Court China Opportunity Fund: $2M at 2023-12-31
    with Green Court China Opportunity Fundaskebsa.dol.gov
  • Dec 31, 2023Manager relationship started
    Boldhaven Management LLP appears on U. S. Retirement Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Boldhaven Management LLPaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    New Mountain Partners IV, L.P. no longer appears on U. S. Retirement Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with New Mountain Partners IV LPaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    Eaton Vance Institutional Sr Loan no longer appears on U. S. Retirement Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Eaton Vance Institutional Sr Loanaskebsa.dol.gov
  • Dec 31, 2023Manager relationship started
    Thackeray Partners Rlty Fund IV, LP appears on U. S. Retirement Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Thackeray Partners LPaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    West Brook Real Estate Fund Xl, L.P no longer appears on U. S. Retirement Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with West Brook Real Estate Fund Xl, L.Paskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    Torq Capital Management (hk) Limite no longer appears on U. S. Retirement Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Torq Capital Management (hk) Limiteaskebsa.dol.gov
  • Dec 31, 2023Manager relationship started
    Tenaya Capital appears on U. S. Retirement Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Tenaya Capitalaskebsa.dol.gov
  • Dec 31, 2023Manager relationship started
    Arcm Feeder Fund IV Ltd. appears on U. S. Retirement Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Arcm Feeder Fund IV Ltd.askebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    Qdro Consultants no longer appears on U. S. Retirement Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Qdro Consultants CO.LLCaskebsa.dol.gov
  • Dec 31, 2023Manager relationship started
    Hudson Realty Capital Fund IV appears on U. S. Retirement Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Hudson Realty Capital Fund IVaskebsa.dol.gov
  • Dec 31, 2023Manager relationship started
    Fidelity Institutional Asset Mgmt appears on U. S. Retirement Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Fidelity Institutional Asset Mgmtaskebsa.dol.gov
  • Dec 31, 2023Manager relationship started
    Onex Partners IV LP appears on U. S. Retirement Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Onex Partners IV LPaskebsa.dol.gov
  • Dec 31, 2023Manager relationship started
    Cortec Management VII LLC appears on U. S. Retirement Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Cortec Management VII, LLCaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    Pyramis Global Advisors, a Fidelity no longer appears on U. S. Retirement Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Pyramis Global Advisors, a Fidelityaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    Thackeray Realty Partners Fund IV no longer appears on U. S. Retirement Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Thackeray Realty Partners Fund IVaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    Crow Holdings Capital no longer appears on U. S. Retirement Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Crow Holdings Capitalaskebsa.dol.gov
  • Dec 31, 2023Manager relationship started
    Angelo Gordon Realty appears on U. S. Retirement Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Angelo, Gordon & Co.askebsa.dol.gov
  • Dec 31, 2023Manager relationship started
    Long Wharf Capital appears on U. S. Retirement Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Long Wharf Capitalaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    United States Power Fund (combined) no longer appears on U. S. Retirement Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with United States Power Fund (combined)askebsa.dol.gov
  • Dec 31, 2023Manager relationship started
    Greystar Thackeray Rlty Fund VI, LP appears on U. S. Retirement Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Greystar Thackeray Rlty Fund VI, LPaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    Pricewaterhousecoopers Taiwan no longer appears on U. S. Retirement Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Pricewaterhousecoopers Taiwanaskebsa.dol.gov
  • Jan 1, 2023Funded status changed
    U. S. Retirement Plan funded ratio 107.7% -> 102.0% (2022-01-01 to 2023-01-01)
    askebsa.dol.gov
  • Jan 1, 2023Assets changed
    U. S. Retirement Plan plan assets $5.2B -> $4.4B (-16.4%, 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 221594774-001
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.