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

General Dynamics Retirement Plan (bath Iron Works)

Corporate pensionReston, VA
Assets
$429M
Total assets, Dec 31, 2024 reported
Funded
91.9%
Jan 1, 2024
Private markets target
n/a
policy Dec 31, 2024
Commitments
15
none on the tape
Plan sponsor: General Dynamics Corporation
Allocation policy
Form 5500, as of Dec 31, 2024
Actual allocation lines without a target (as filed)
  • Non-interest-bearing cash 0.0%
  • Common/collective trusts 85.8%
  • Master trust investment accounts 4.0%
  • Registered investment companies 8.6%
Consultants and advisers
5 firms
People
No investment staff or executives have been read for this allocator yet.
Manager roster
4 managers on the commitment tape
From the plan’s own commitment disclosures
From Schedule C (investment management, code 28)
Commitments
15 rows, 0 dated closings
Disclosed holdings (from the plan’s performance or holdings report, as of the report date)
DateFundManagerBucketAmountVintageStatusSource
as of Dec 31, 2024Amer Cent Corp High Yield Bd Tr Kcollective trustGlobal Trust CompanyFixed income$10.3M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Developed Real Estate Idx N-L Fd Fcollective trustBlackrock Institutional Trust Company, N.A.Real estate$7.7M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024High Yield Bond Fundcollective trustBlackrock Institutional Trust Company, N.A.Fixed income$6.8M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Intermediate Govt Bond Index Fundcollective trustBlackrock Institutional Trust Co,naFixed income$26.5M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Treasury U.S. 5 Year Key Rate Duratcollective trustBlackrock Institutional Trust Company, N.A.Fixed income$17.0M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Treasury US 10 Yr Key Rate Durationcollective trustBlackrock Institutional TrustFixed income$15.2M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Treasury US 15 Yr Key Rate Durationcollective trustBlackrock Institutional TrustFixed income$12.6M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Treasury U.S. 20 Year Key Rate Duracollective trustBlackrockFixed income$8.3M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024TSY U.S. 25+ Yr Key Rate Dur Nl Fdcollective trustBlackrockPooled vehicles$12.0M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024US Long Credit Bond Fundcollective trustBlackrock Institutional Trust Company, N.A.Private credit$44.1M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024NTC Emer Mkt Ex China Inv Mkt Id Nlcollective trustNorthern Trust Collective Eafe IndePooled vehicles$785,127 heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024NT Collective Govt Short Term Invtcollective trustNorthern Trust Collective Eafe IndeCash$6.8M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Ntgi Russell 1000 Index Fundcollective trustNorthern Trust Collective Eafe IndePooled vehicles$85.1M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024NTC World Ex US Inv Mkt Ind Fd-Lendcollective trustNorthern Trust Collective Eafe IndePooled vehicles$47.8M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Pimco Long-Term Credit Bd Cit Cl Gdcollective trustGreat Gray Trust Company, LLCPrivate credit$66.9M heldDisclosed holdingaskebsa.dol.gov
Size and funding
33 readings
Total assets
$429M Dec 31, 2024 reported Form 5500
$500M (2023-12) · $485M (2022-12)
Plan assets
$503M Jan 1, 2024 reported Form 5500
$484M (2023-01) · $652M (2022-01)
Net assets
$429M Dec 31, 2024 reported Form 5500
$500M (2023-12) · $480M (2022-12)
Funded ratio
91.9% Jan 1, 2024 reported Form 5500
88.5% (2023-01) · 100.8% (2022-01)
Funding target
$570M Jan 1, 2024 reported Form 5500
$578M (2023-01) · $575M (2022-01)
Discount rate
5.08% Jan 1, 2024 reported Form 5500
5.20% (2023-01) · 5.38% (2022-01)
Participants
6,414 Jan 1, 2024 reported Form 5500
6,497 (2023-01) · 6,551 (2022-01)
Contributions
$6.2M Dec 31, 2024 reported Form 5500
$0 (2023-12) · $0 (2022-12)
Benefits paid
$81.8M Dec 31, 2024 reported Form 5500
$35.8M (2023-12) · $34.5M (2022-12)
Net investment income
$-72.0M Dec 31, 2024 reported Form 5500
$19.4M (2023-12) · $-165M (2022-12)
Investment management fees
$463,084 Dec 31, 2024 reported Form 5500
$260,911 (2023-12) · $474,546 (2022-12)
Form 5500 filings
3 plan years
Plan yearParticipantsAssets (SB market)Funding targetFTAPTotal assets (H)Partnerships / JVMaster trustReal estate
2024 to Dec 31, 20246,414$503M$570M91.9%$429Mn/a$17.1Mn/a
2023 to Dec 31, 20236,497$484M$578M88.5%$500Mn/a$500Mn/a
2022 to Dec 31, 20226,551$652M$575M100.8%$485Mn/a$485Mn/a
Service providers and investment entities as filed (Schedule C and D, latest year first)
  • Fidelity Inv Inst Ops Co codes 13 15 38 50 64 $360,507 PY2024
  • AON Consulting, Inc. codes 16 50 $320,120 PY2024
  • Blackrock Financial Management, Inc codes 28 50 51 $285,976 PY2024
  • Pacific Investment Mgmt Co LLC codes 28 50 51 $177,108 PY2024
  • Kpmg LLP codes 10 50 $59,850 PY2024
  • Jenner & Block LLP codes 29 50 $47,293 PY2024
  • Crowe LLP codes 10 16 50 $9,166 PY2024
  • The Northern Trust Company codes 21 25 50 62 65 99 $6,872 PY2024
  • NTC Russell 1000 Ind Fd - Lending Sched. D C $85.1M PY2024
  • NTC World Ex US Inv Mkt Ind Fd-Lend Sched. D C $47.8M PY2024
  • Pimco Long-Term Credit Bd Cit Cl Gd Sched. D C $66.9M PY2024
  • GDC Grp Ret Tr - Liability Aware Pl Sched. D M $468 PY2024
  • GDC Grp Ret Tr - Diversifying Pool Sched. D M $17.1M PY2024
  • GDC Grp Ret Tr - Nomura Pool Sched. D M $683 PY2024
  • Amer Cent Corp High Yield Bd Tr K Sched. D C $10.3M PY2024
  • Developed Real Estate Idx N-L Fd F Sched. D C $7.7M PY2024
  • High Yield Bond Fund Sched. D C $6.8M PY2024
  • Intermediate Gov Bd Index Fund Sched. D C $26.5M PY2024
  • Treas US 5 Year Key Rate Dur N-L Fd Sched. D C $17.0M PY2024
  • Treas US 10 Year Key Rate Dur N-L a Sched. D C $15.2M PY2024
  • Tres US 15 Year Key Rate Dur N-L Fd Sched. D C $12.6M PY2024
  • Tres US 20 Year Key Rate Dur N-L Fd Sched. D C $8.3M PY2024
  • Tres US 25+ Year Key Rate Dur N-L F Sched. D C $12.0M PY2024
  • US Long Credit Bond Fund Sched. D C $44.1M PY2024
  • NT Emer Mkt Ex China Inv Mkt Id N-L Sched. D C $785,127 PY2024
  • NT Coll Government Stif Sched. D C $6.8M PY2024
  • AON Consulting, Inc. codes 11 PY2024
  • Fidelity Inv Inst Ops Co codes 13 15 38 50 64 $451,565 PY2023
  • Blackrock Financial Management, Inc codes 28 50 51 $290,324 PY2023
  • AON Consulting, Inc. codes 16 50 $64,763 PY2023
  • Kpmg LLP codes 10 50 $57,000 PY2023
  • The Northern Trust Company codes 21 25 50 62 65 99 $50,373 PY2023
  • Crowe LLP codes 10 16 50 $9,200 PY2023
  • Jenner & Block LLP codes 29 50 $8,263 PY2023
  • GDC Grp Ret Tr - Liability Aware Pl Sched. D M $14,685 PY2023
  • GDC Grp Ret Tr - Equity Pool Sched. D M PY2023
  • GDC Grp Ret Tr - Nomura Pool Sched. D M $334 PY2023
  • GDC Grp Ret Tr-Bath Iron Works Pool Sched. D M $475M PY2023
  • GDC Grp Ret Tr - Diversifying Pool Sched. D M $25.4M PY2023
  • AON Consulting, Inc. codes 11 PY2023
  • Fidelity Inv Inst Ops Co codes 13 15 38 50 64 $388,286 PY2022
  • Blackrock Financial Management, Inc codes 28 50 51 $174,588 PY2022
  • Pacific Investment Mgmt Co LLC codes 28 50 51 52 $162,948 PY2022
  • The Northern Trust Company codes 21 25 50 62 65 99 $115,163 PY2022
  • Kpmg LLP codes 10 50 $57,000 PY2022
  • Dodge & Cox codes 28 50 51 52 68 $53,590 PY2022
  • Blackrock Inst Trust Co, Na codes 28 50 51 $51,966 PY2022
  • AON Consulting, Inc. codes 16 50 $38,245 PY2022
  • Nomura Corp Rsrch and Asset Mgmt in codes 27 28 50 51 $30,721 PY2022
  • Dimensional Fund Advisors LP codes 28 50 51 52 $28,529 PY2022
  • Jenner & Block LLP codes 29 50 $19,312 PY2022
  • Crowe LLP codes 10 16 50 $8,668 PY2022
  • K&l Gates LLP codes 29 50 $6,062 PY2022
  • GDC Grp Ret Tr - Equity Pool Sched. D M $17,033 PY2022
  • GDC Grp Ret Tr - Diversifying Pool Sched. D M $39.4M PY2022
  • GDC Grp Ret Tr - Nomura Pool Sched. D M $104,152 PY2022
  • GDC Grp Ret Tr-Bath Iron Works Pool Sched. D M $445M PY2022
  • GDC Grp Ret Tr - Liability Aware Pl Sched. D M $214,773 PY2022
  • AON Consulting, Inc. codes 11 PY2022
What changed
10 events
  • Dec 31, 2024Manager relationship started
    Pacific Investment Mgmt Co LLC appears on General Dynamics Retirement Plan (bath Iron Works)'s Schedule C as investment manager (plan year 2024 vs 2023)
    with Pacific Investmt Management Co LLCaskebsa.dol.gov
  • Dec 31, 2024Assets changed
    General Dynamics Retirement Plan (bath Iron Works) total assets $500M -> $429M (-14.2%, 2023-12-31 to 2024-12-31)
    askebsa.dol.gov
  • Jan 1, 2024Funded status changed
    General Dynamics Retirement Plan (bath Iron Works) funded ratio 88.5% -> 91.9% (2023-01-01 to 2024-01-01)
    askebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    Nomura Corp Rsrch and Asset Mgmt in no longer appears on General Dynamics Retirement Plan (bath Iron Works)'s Schedule C as investment manager (plan year 2023 vs 2022)
    with Nomura Corporate Research and Assetaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    Dodge & Cox no longer appears on General Dynamics Retirement Plan (bath Iron Works)'s Schedule C as investment manager (plan year 2023 vs 2022)
    with Dodge & Coxaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    Dimensional Fund Advisors LP no longer appears on General Dynamics Retirement Plan (bath Iron Works)'s Schedule C as investment manager (plan year 2023 vs 2022)
    with Dimensional Fund Advisors, LPaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    Pacific Investment Mgmt Co LLC no longer appears on General Dynamics Retirement Plan (bath Iron Works)'s Schedule C as investment manager (plan year 2023 vs 2022)
    with Pacific Investmt Management Co LLCaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    Blackrock Inst Trust Co, Na no longer appears on General Dynamics Retirement Plan (bath Iron Works)'s Schedule C as investment manager (plan year 2023 vs 2022)
    with Blackrock Institutional Trust Co,naaskebsa.dol.gov
  • Jan 1, 2023Funded status changed
    General Dynamics Retirement Plan (bath Iron Works) funded ratio 100.8% -> 88.5% (2022-01-01 to 2023-01-01)
    askebsa.dol.gov
  • Jan 1, 2023Assets changed
    General Dynamics Retirement Plan (bath Iron Works) plan assets $652M -> $484M (-25.8%, 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 131673581-078
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.