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

First-Citizens Bank & Trust Company and Adopting Related Employers Pension Plan

Corporate pensionRaleigh, NC
Assets
$1.1B
Total assets, Dec 31, 2024 reported
Funded
129.3%
Jan 1, 2024
Private markets target
n/a
policy Dec 31, 2024
Commitments
19
1 managers on Schedule C
Plan sponsor: First Citizens Bank & Trust Company
Allocation policy
Form 5500, as of Dec 31, 2024
Actual allocation lines without a target (as filed)
  • Interest-bearing cash 3.4%
  • Corporate debt instruments (other) 0.2%
  • U.S. Government securities 0.3%
  • Partnership/joint venture interests 4.3%
  • Common/collective trusts 35.2%
  • Registered investment companies 45.8%
  • Common stock 10.7%
Consultants and advisers
1 firms
People
No investment staff or executives have been read for this allocator yet.
Manager roster
5 managers on the commitment tape
From the plan’s own commitment disclosures
From Schedule C (investment management, code 28)
Commitments
19 rows, 0 dated closings
Disclosed holdings (from the plan’s performance or holdings report, as of the report date)
DateFundManagerBucketAmountVintageStatusSource
as of Dec 31, 2024Long Duration Corporate Credit Screcollective trustBlackrock Long Duration CorporatePrivate credit$188M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Intermediate Duration Corp Nl Fundcollective trustBlackrock Institutional Trust Company, N.A.Pooled vehicles$16.7M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Intermediate Govt Bond Index Fundcollective trustBlackrock Institutional Trust Co,naFixed income$81.5M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Short Term Investment Fundscollective trustBlackrock Institutional TrustCash$25.9M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Treasury US 15 Yr Key Rate Durationcollective trustBlackrock Institutional TrustFixed income$8.9M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Treasury U.S. 20 Year Key Rate Duracollective trustBlackrockFixed income$1.9M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Treasury US 10 Yr Key Rate Durationcollective trustBlackrock Institutional TrustFixed income$12.2M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Treasury U.S. 5 Year Key Rate Duratcollective trustBlackrock Institutional Trust Company, N.A.Fixed income$8.0M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Long Term Govt Bond Index Fundcollective trustBlackrock Insti. Trust Company, N.AFixed income$40.1M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Long Duration Corporate Credit Screcollective trustBlackrock Long Duration CorporatePrivate credit$211M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Intermediate Duration Corp Nl Fundcollective trustBlackrock Institutional Trust Company, N.A.Pooled vehicles$7.2M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Intermediate Govt Bond Index Fundcollective trustBlackrock Institutional Trust Co,naFixed income$68.9M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Short Term Investment Fundscollective trustBlackrock Institutional TrustCash$29.6M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Treasury US 15 Yr Key Rate Durationcollective trustBlackrock Institutional TrustFixed income$14.6M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Treasury U.S. 20 Year Key Rate Duracollective trustBlackrockFixed income$1.8M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023TSY U.S. 25+ Yr Key Rate Dur Nl Fdcollective trustBlackrockPooled vehicles$626,422 heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Treasury US 10 Yr Key Rate Durationcollective trustBlackrock Institutional TrustFixed income$19.5M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Treasury U.S. 5 Year Key Rate Duratcollective trustBlackrock Institutional Trust Company, N.A.Fixed income$12.5M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Long Term Govt Bond Index Fundcollective trustBlackrock Insti. Trust Company, N.AFixed income$38.3M heldDisclosed holdingaskebsa.dol.gov
Size and funding
30 readings
Total assets
$1.1B Dec 31, 2024 reported Form 5500
$1.0B (2023-12) · $897M (2022-12)
Plan assets
$1.0B Jan 1, 2024 reported Form 5500
$897M (2023-01) · $1.1B (2022-01)
Net assets
$1.1B Dec 31, 2024 reported Form 5500
$1.0B (2023-12) · $897M (2022-12)
Funded ratio
129.3% Jan 1, 2024 reported Form 5500
130.4% (2023-01) · 138.1% (2022-01)
Funding target
$647M Jan 1, 2024 reported Form 5500
$630M (2023-01) · $599M (2022-01)
Discount rate
5.18% Jan 1, 2024 reported Form 5500
5.25% (2023-01) · 5.42% (2022-01)
Participants
4,558 Jan 1, 2024 reported Form 5500
4,631 (2023-01) · 4,710 (2022-01)
Contributions
$0 Dec 31, 2024 reported Form 5500
$0 (2023-12) · $0 (2022-12)
Benefits paid
$37.3M Dec 31, 2024 reported Form 5500
$32.5M (2023-12) · $30.6M (2022-12)
Net investment income
$53.9M Dec 31, 2024 reported Form 5500
$139M (2023-12) · $-201M (2022-12)
Form 5500 filings
3 plan years
Plan yearParticipantsAssets (SB market)Funding targetFTAPTotal assets (H)Partnerships / JVMaster trustReal estate
2024 to Dec 31, 20244,558$1.0B$647M129.3%$1.1B$47.1Mn/an/a
2023 to Dec 31, 20234,631$897M$630M130.4%$1.0B$33.5Mn/an/a
2022 to Dec 31, 20224,710$1.1B$599M138.1%$897M$651,796n/an/a
Service providers and investment entities as filed (Schedule C and D, latest year first)
  • Blackrock Advisors, LLC codes 28 50 51 $738,762 PY2024
  • Willis Towers Watson US LLC codes 11 15 17 38 50 $497,075 PY2024
  • Cherry Bekaert LLP codes 10 50 $31,500 PY2024
  • Intermediate Govt Bond Index Fund Sched. D C $81.5M PY2024
  • US Strips 20plus Yr Bond Index Rsl Sched. D C $25.9M PY2024
  • TSY US 15 Yr Key Rate Dur Nl Fund Sched. D C $8.9M PY2024
  • TSY US 20 Yr Key Rate Dur Nl Fund Sched. D C $1.9M PY2024
  • TSY US 25plus Yr Key Rate Dur Nl Sched. D C PY2024
  • TSY US 10 Yr Key Rate Dur Nl Fund Sched. D C $12.2M PY2024
  • TSY US 5 Yr Key Rate Dur Nl Fund Sched. D C $8.0M PY2024
  • Long Term Govt Bond Index Fund Sched. D C $40.1M PY2024
  • Long Duration Corp Nl Fund Sched. D C $188M PY2024
  • Intermediate Duration Corp Nl Fund Sched. D C $16.7M PY2024
  • Willis Towers Watson US LLC codes 11 PY2024
  • Willis Towers Watson US LLC codes 11 15 17 38 50 $534,604 PY2023
  • Cherry Bekaert LLP codes 10 50 $32,000 PY2023
  • Long Duration Corp Nl Fund Sched. D C $211M PY2023
  • Intermediate Duration Corp Nl Fund Sched. D C $7.2M PY2023
  • Intermediate Govt Bond Index Fund Sched. D C $68.9M PY2023
  • US Strips 20plus Yr Bond Index Rsl Sched. D C $29.6M PY2023
  • TSY US 15 Yr Key Rate Dur Nl Fund Sched. D C $14.6M PY2023
  • TSY US 20 Yr Key Rate Dur Nl Fund Sched. D C $1.8M PY2023
  • TSY US 10 Yr Key Rate Dur Nl Fund Sched. D C $19.5M PY2023
  • TSY US 5 Yr Key Rate Dur Nl Fund Sched. D C $12.5M PY2023
  • Long Term Govt Bond Index Fund Sched. D C $38.3M PY2023
  • TSY US 25plus Yr Key Rate Dur Nl Sched. D C $626,422 PY2023
  • Willis Towers Watson US LLC codes 11 PY2023
  • Willis Towers Watson US LLC codes 11 15 17 38 50 $576,255 PY2022
  • Willis Towers Watson US LLC codes 11 PY2022
What changed
6 events
  • Dec 31, 2024Holding endedinference
    First-Citizens Bank & Trust Company and Adopting Related Employers Pension Plan no longer reports TSY U.S. 25+ Yr Key Rate Dur Nl Fd (Blackrock) (last held $626,422 at 2023-12-31; absent from the 2024-12-31 filing)
    with Blackrockaskebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    Blackrock Advisors, LLC appears on First-Citizens Bank & Trust Company and Adopting Related Employers Pension Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Blackrock Institutional Trust Co,naaskebsa.dol.gov
  • Jan 1, 2024Assets changed
    First-Citizens Bank & Trust Company and Adopting Related Employers Pension Plan plan assets $897M -> $1.0B (+15.5%, 2023-01-01 to 2024-01-01)
    askebsa.dol.gov
  • Dec 31, 2023Assets changed
    First-Citizens Bank & Trust Company and Adopting Related Employers Pension Plan total assets $897M -> $1.0B (+15.5%, 2022-12-31 to 2023-12-31)
    askebsa.dol.gov
  • Jan 1, 2023Funded status changed
    First-Citizens Bank & Trust Company and Adopting Related Employers Pension Plan funded ratio 138.1% -> 130.4% (2022-01-01 to 2023-01-01)
    askebsa.dol.gov
  • Jan 1, 2023Assets changed
    First-Citizens Bank & Trust Company and Adopting Related Employers Pension Plan plan assets $1.1B -> $897M (-18.3%, 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 560223230-001
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.