Ibew 648 Pension Plan
Taft-Hartley plan, based in Ona, West Virginia, reporting $90.0M in assets, for 855 participants.
Composed from this allocator's classification, location and filed figures.
Nothing material in the last 90 days. Last change: 28 Feb 2025, Ibew 648 Pension Plan total assets $80M -> $90M (+12.6%, 2024-02-29 to 2025-02-28).
4 more advisers, 1 more manager, 33 more commitments and 18 more dated events
Every figure, date and source on this page is shown. The names behind them, and every related record, open with the complete profile.
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Capital path
who backs this record, through what, into what; each name opens its own path- Multi-Employer Property Trust3 commitments
- Ibew-Neca Equity Index Fund3 commitments
- ASB Allegiance Real Estate Fund3 commitments
- Chevy Chase Trust Company5 commitments
- NEW Tower Trust Company3 commitments
- Chevy Chase Trust3 commitments
Relationship network
71 connected entities36 observed commitments18 repeat counterparties11 dated commitments shown here, 2023 to 2025
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 basesTaft-Hartley planShowHide
Allocation policy
- Non-interest-bearing cash 1.2%
- Corporate debt instruments (preferred) 0.9%
- U.S. Government securities 1.0%
- Partnership/joint venture interests 15.1%
- Common/collective trusts 58.9%
- Registered investment companies 14.8%
- Common stock 6.7%
Consultants and advisers
- Adams Street Investment Investment adviser (plan)through Feb 29, 2024 Form 5500
- Standard Valuation Investment adviser (plan)through Feb 28, 2023 Form 5500
- PNC Bank, National Association Custodianthrough Feb 28, 2025 Form 5500
+4 more consultants and advisers advise this allocator
Every name, record and relationship behind this count, with the source on each.
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People
Manager roster
- Chevy Chase Trust Company5 rows, latest Feb 28, 2025
- NEW Tower Trust Company3 rows, latest Feb 28, 2025
- Chevy Chase Trust3 rows, latest Feb 28, 2025
+1 more manager received commitments
Every name, record and relationship behind this count, with the source on each.
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- Chevy Chase Trust Companyplan years
- Chevy Chaseplan years
- ASB Capital Management LLCplan years 2025
+8 more Schedule C managers
Every name, record and relationship behind this count, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
What changed
- Feb 28, 2025Assets changedIbew 648 Pension Plan total assets $80M -> $90M (+12.6%, 2024-02-29 to 2025-02-28)
- Dec 31, 2024Manager relationship endedinferenceFrsecure no longer appears on Ibew 648 Pension Plan's Schedule C as investment manager (plan year 2024 vs 2023)with Frsecureaskebsa.dol.gov
- Dec 31, 2024Manager relationship startedNuveen, LLC appears on Ibew 648 Pension Plan's Schedule C as investment manager (plan year 2024 vs 2023)with Nuveen, LLCaskebsa.dol.gov
- Mar 1, 2024Funded status changedIbew 648 Pension Plan funded ratio 80.1% -> 82.2% (2023-03-01 to 2024-03-01)
- Mar 1, 2024Assets changedIbew 648 Pension Plan plan assets $70M -> $80M (+13.6%, 2023-03-01 to 2024-03-01)
+18 more dated events
Every name, record and relationship behind this count, with the source on each.
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Commitments
| Date | Fund | Manager | Bucket | Amount | Vintage | Status | Source |
|---|---|---|---|---|---|---|---|
| as of Feb 28, 2025 | Great Gray Trust American Fund 2035collective trust | Great Gray | Pooled vehicles | $988,331 held | Disclosed holding | askebsa.dol.gov | |
| as of Feb 28, 2025 | Multi-Employer Property Trustcollective trust | NEW Tower Trust Company | Real estate | $4.4M held | Disclosed holding | askebsa.dol.gov | |
| as of Feb 28, 2025 | Great Gray Trust American Fund 2045collective trust | Great Gray | Pooled vehicles | $1.7M held | Disclosed holding | askebsa.dol.gov |
+33 more commitments
Every fund and manager this allocator committed to, with the amount, date and source on each.
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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 Feb 28, 2025 | 855 | Not disclosed | Not disclosed | n/a | $90.0M | $13.6M | Not disclosed | Not disclosed |
| 2023 to Feb 29, 2024 | 782 | Not disclosed | Not disclosed | n/a | $80.0M | $10.6M | Not disclosed | Not disclosed |
| 2022 to Feb 28, 2023 | 745 | Not disclosed | Not disclosed | n/a | $70.4M | $7.2M | Not disclosed | Not disclosed |
- Adams Street Investment codes 27 28 50 $53,020 PY2024
- Cuni, Rust & Strenk codes 11 50 $49,500 PY2024
- Newtower Trust Company codes 21 $41,108 PY2024
+97 more service providers
Every name, record and relationship behind this count, with the source on each.
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Provenance
Provenance
Ibew 648 Pension Plan sits on 8 traced paths of capital across the graphs.
DFX traced 8 paths of capital through this record
Every record on each path, what it committed or lent, and as of when.
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Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.
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Record history
- Total assets changed2025-02-28source on record
- Manager relationship started2024-12-31source on record
- Manager relationship ended2024-12-31source on record
+20 more changes on this record's ledger
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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
+19 connections on the graph
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