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

Marsh & Mclennan Companies Retirement Plan

Corporate pensionNEW York, NY
Assets
$4.2B
Total assets, Dec 31, 2024 reported
Funded
103.0%
Jan 1, 2024
Private markets target
n/a
policy Dec 31, 2024
Commitments
37
none on the tape
Plan sponsor: Mercer Investments LLC
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) 22.9%
  • Corporate debt instruments (preferred) 1.5%
  • U.S. Government securities 3.6%
  • Employer securities 5.1%
  • Insurance company general account 0.1%
  • Other investments 3.5%
  • Partnership/joint venture interests 14.6%
  • Common/collective trusts 42.0%
  • Pooled separate accounts 0.6%
  • Registered investment companies 3.0%
  • Common stock 1.5%
  • Real estate (other than employer real property) 0.0%
Consultants and advisers
3 firms
People
No investment staff or executives have been read for this allocator yet.
Manager roster
9 managers on the commitment tape
From the plan’s own commitment disclosures
From Schedule C (investment management, code 28)
Commitments
37 rows, 0 dated closings
Disclosed holdings (from the plan’s performance or holdings report, as of the report date)
DateFundManagerBucketAmountVintageStatusSource
as of Dec 31, 2024William Blair Emerging Markets Smalcollective trustWilliam Blair Investment ManagementPublic equity$20.6M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024NT Collective Short Term Investmentcollective trustNorthern Trust Collective Eafe IndeCash$58.8M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Short Termseparate accountPrudential Insurance Company of AmeCash$22.2M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Blackrock Equity Growth Fund acollective trustBlackrock Institutional Trust Co. NPublic equity$687M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024International Small Cap Equity Fundcollective trustPrincipal Global Investors Trust CompanyPublic equity$41.9M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Loomis Sayles Small Midcap Trustcollective trustLoomis SaylesPooled vehicles$44.6M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Short Term Investment Fundscollective trustBlackrock Institutional TrustCash$680M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024U.S. Long Govt Bond Index Sec Lendcollective trustState Street - Russell 2000Fixed income$40.8M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024MSF Blackrock Money Marketseparate accountMetropolitan Life Insurance CompanyCash$1.6M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Goldman Sachs Collective Trust Chincollective trustGoldman Sachs Trust CompanyPooled vehicles$12.1M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024GQG Partners Global Equity Fund Citcollective trustReliance Trust CompanyPublic equity$76.6M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Acadian Collective Investment Trustcollective trustSEI Trust CompanyPooled vehicles$58.0M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Skerryvore Gbl Emg Mkts Equitycollective trustSkerryvore Asset ManagementPublic equity$23.1M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023William Blair Emerging Markets Smalcollective trustWilliam Blair Investment ManagementPublic equity$19.0M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023NT Collective Short Term Investmentcollective trustNorthern Trust Collective Eafe IndeCash$30.7M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Short Termseparate accountPrudential Insurance Company of AmeCash$21.4M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Blackrock Equity Growth Fund acollective trustBlackrock Institutional Trust Co. NPublic equity$620M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023International Small Cap Equity Fundcollective trustPrincipal Global Investors Trust CompanyPublic equity$47.6M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Loomis Sayles Small Midcap Trustcollective trustLoomis SaylesPooled vehicles$44.0M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Short Term Investment Fundscollective trustBlackrock Institutional TrustCash$594M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023U.S. Long Govt Bond Index Sec Lendcollective trustState Street - Russell 2000Fixed income$44.2M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023MSF Blackrock Money Marketseparate accountMetropolitan Life Insurance CompanyCash$2.6M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Goldman Sachs Collective Trust Chincollective trustGoldman Sachs Trust CompanyPooled vehicles$11.1M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023American Century Non-Us Concentratecollective trustGlobal Trust CompanyPublic equity$60.1M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023GQG Partners Global Equity Fund Citcollective trustReliance Trust CompanyPublic equity$73.7M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Acadian Collective Investment Trustcollective trustSEI Trust CompanyPooled vehicles$62.4M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Skerryvore Gbl Emg Mkts Equitycollective trustSkerryvore Asset ManagementPublic equity$29.2M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022William Blair Emerging Markets Smalcollective trustWilliam Blair Investment ManagementPublic equity$23.2M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022NT Collective Short Term Investmentcollective trustNorthern Trust Collective Eafe IndeCash$34.3M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Short Termseparate accountPrudential Insurance Company of AmeCash$20.7M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Blackrock Equity Growth Fund acollective trustBlackrock Institutional Trust Co. NPublic equity$765M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Emerging Markets Equity Trustcollective trustT. Rowe Price Trust CompanyPublic equity$62.9M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022International Small Cap Equity Fundcollective trustPrincipal Global Investors Trust CompanyPublic equity$67.2M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Loomis Sayles Small Midcap Trustcollective trustLoomis SaylesPooled vehicles$61.2M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Short Term Investment Fundscollective trustBlackrock Institutional TrustCash$222M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022U.S. Long Govt Bond Index Sec Lendcollective trustState Street - Russell 2000Fixed income$244M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022MSF Blackrock Money Marketseparate accountMetropolitan Life Insurance CompanyCash$4.0M heldDisclosed holdingaskebsa.dol.gov
Size and funding
32 readings
Total assets
$4.2B Dec 31, 2024 reported Form 5500
$4.4B (2023-12) · $4.3B (2022-12)
Plan assets
$4.2B Jan 1, 2024 reported Form 5500
$4.2B (2023-01) · $5.5B (2022-01)
Net assets
$4.1B Dec 31, 2024 reported Form 5500
$4.2B (2023-12) · $4.2B (2022-12)
Funded ratio
103.0% Jan 1, 2024 reported Form 5500
102.2% (2023-01) · 113.8% (2022-01)
Funding target
$4.3B Jan 1, 2024 reported Form 5500
$4.5B (2023-01) · $4.4B (2022-01)
Discount rate
5.12% Jan 1, 2024 reported Form 5500
5.26% (2023-01) · 5.43% (2022-01)
Participants
34,989 Jan 1, 2024 reported Form 5500
37,859 (2023-01) · 38,282 (2022-01)
Contributions
$0 Dec 31, 2023 reported Form 5500
$0 (2022-12)
Benefits paid
$261M Dec 31, 2024 reported Form 5500
$389M (2023-12) · $252M (2022-12)
Net investment income
$-180M Dec 31, 2024 reported Form 5500
$-26.0M (2023-12) · $-1.2B (2022-12)
Investment management fees
$5.4M Dec 31, 2024 reported Form 5500
$8.1M (2023-12) · $7.9M (2022-12)
Form 5500 filings
3 plan years
Plan yearParticipantsAssets (SB market)Funding targetFTAPTotal assets (H)Partnerships / JVMaster trustReal estate
2024 to Dec 31, 202434,989$4.2B$4.3B103.0%$4.2B$606Mn/a$2
2023 to Dec 31, 202337,859$4.2B$4.5B102.2%$4.4B$648Mn/a$2
2022 to Dec 31, 202238,282$5.5B$4.4B113.8%$4.3B$703Mn/a$2
Service providers and investment entities as filed (Schedule C and D, latest year first)
What changed
13 events
  • Dec 31, 2024Holding endedinference
    Marsh & Mclennan Companies Retirement Plan no longer reports American Century Non-Us Concentrate (last held $60M at 2023-12-31; absent from the 2024-12-31 filing)
    with American Century Non-Us Concentrateaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    T. Rowe Price Trust Company no longer appears on Marsh & Mclennan Companies Retirement Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with T. Rowe Price Trust Companyaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    MFS Institutional Advisors no longer appears on Marsh & Mclennan Companies Retirement Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with MFS Institutional Advisorsaskebsa.dol.gov
  • Dec 31, 2023Holding started
    Marsh & Mclennan Companies Retirement Plan first reports an interest in GQG Partners Global Equity Fund Cit: $74M at 2023-12-31
    with GQG Partners Global Equity Fund Citaskebsa.dol.gov
  • Dec 31, 2023Holding started
    Marsh & Mclennan Companies Retirement Plan first reports an interest in Acadian Collective Investment Trust: $62M at 2023-12-31
    with Acadian Collective Investment Trustaskebsa.dol.gov
  • Dec 31, 2023Holding started
    Marsh & Mclennan Companies Retirement Plan first reports an interest in Skerryvore Gbl Emg Mkts Equity: $29M at 2023-12-31
    with Skerryvore Gbl Emg Mkts Equityaskebsa.dol.gov
  • Dec 31, 2023Holding started
    Marsh & Mclennan Companies Retirement Plan first reports an interest in Goldman Sachs Collective Trust Chin (Goldman Sachs Trust Company): $11M at 2023-12-31
    with Goldman Sachs Trust Companyaskebsa.dol.gov
  • Dec 31, 2023Holding endedinference
    Marsh & Mclennan Companies Retirement Plan no longer reports Emerging Markets Equity Trust (T. Rowe Price Trust Company) (last held $63M at 2022-12-31; absent from the 2023-12-31 filing)
    with T. Rowe Price Trust Companyaskebsa.dol.gov
  • Dec 31, 2023Holding started
    Marsh & Mclennan Companies Retirement Plan first reports an interest in American Century Non-Us Concentrate: $60M at 2023-12-31
    with American Century Non-Us Concentrateaskebsa.dol.gov
  • Dec 31, 2023Manager relationship started
    Prudential Bank & Trust Company appears on Marsh & Mclennan Companies Retirement Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Prudential Bank & Trust Companyaskebsa.dol.gov
  • Dec 31, 2023Manager relationship started
    State Street Global Advisors Trust appears on Marsh & Mclennan Companies Retirement Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with State Street Global Advisorsaskebsa.dol.gov
  • Jan 1, 2023Funded status changed
    Marsh & Mclennan Companies Retirement Plan funded ratio 113.8% -> 102.2% (2022-01-01 to 2023-01-01)
    askebsa.dol.gov
  • Jan 1, 2023Assets changed
    Marsh & Mclennan Companies Retirement Plan plan assets $5.5B -> $4.2B (-22.7%, 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 362668272-001
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.