Firstbank Puerto Rico Retirement Plan for the Former Employees of Banco Santander
Corporate pension, based in SAN Juan, reporting $43.7M in assets, for 1,562 participants.
Composed from this allocator's classification, location and filed figures.
Nothing material in the last 90 days. Last change: 31 Dec 2024, Firstbank Puerto Rico Retirement Plan for the Former Employees of Banco Santander first reports an interest in Rescap Collective Investment Trust: $3M at 2024-12-31.
1 more manager and 18 more commitments
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- L&g Global Core Infrastructure Cit3 commitments
- WTW Gt Diversified Credit Fund3 commitments
- WTW Gt Diversified Equity Fund3 commitments
- Towers Watson Investment Services,9 commitments
- Legal and General6 commitments
- State Street Global Advisors Trust Company3 commitments
Relationship network
25 connected entities21 observed commitments11 repeat counterparties18 dated commitments shown here, 2022 to 2024
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 basesCorporate pensionShowHide
Allocation policy
- Interest-bearing cash 3.8%
- Common/collective trusts 96.1%
Consultants and advisers
- Willis Towers Watson US LLC Actuarythrough Dec 31, 2022 Form 5500
People
Manager roster
- Towers Watson Investment Services,9 rows, latest Dec 31, 2024
- Legal and General6 rows, latest Dec 31, 2024
- State Street Global Advisors Trust Company3 rows, latest Dec 31, 2024
+1 more manager received commitments
Every name, record and relationship behind this count, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
- Heitmanplan years
- Legal & General Inv Mgmt Americaplan years 2022
What changed
- Dec 31, 2024Holding startedFirstbank Puerto Rico Retirement Plan for the Former Employees of Banco Santander first reports an interest in Rescap Collective Investment Trust: $3M at 2024-12-31with Rescap Collective Investment Trustaskebsa.dol.gov
- Dec 31, 2024Holding endedinferenceFirstbank Puerto Rico Retirement Plan for the Former Employees of Banco Santander no longer reports Rescap Global Real Estate Sf (last held $3M at 2023-12-31; absent from the 2024-12-31 filing)with Heitman Global Real Estate Citaskebsa.dol.gov
- Jan 1, 2023Funded status changedFirstbank Puerto Rico Retirement Plan for the Former Employees of Banco Santander funded ratio 120.2% -> 97.8% (2022-01-01 to 2023-01-01)
- Jan 1, 2023Assets changedFirstbank Puerto Rico Retirement Plan for the Former Employees of Banco Santander plan assets $65M -> $46M (-28.9%, 2022-01-01 to 2023-01-01)
Commitments
| Date | Fund | Manager | Bucket | Amount | Vintage | Status | Source |
|---|---|---|---|---|---|---|---|
| as of Dec 31, 2024 | L&g Global Core Infrastructure Citcollective trust | Legal and General | Infrastructure | $3.0M held | Disclosed holding | askebsa.dol.gov | |
| as of Dec 31, 2024 | WTW Gt Diversified Credit Fundcollective trust | Towers Watson Investment Services, | Private credit | $7.1M held | Disclosed holding | askebsa.dol.gov | |
| as of Dec 31, 2024 | WTW Gt Diversified Equity Fundcollective trust | Towers Watson Investment Services, | Hedge / diversifiers | $8.6M held | Disclosed holding | askebsa.dol.gov |
+18 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 Dec 31, 2024 | 1,562 | $46.8M | $49.1M | 99.6% | $43.7M | Not disclosed | Not disclosed | Not disclosed |
| 2023 to Dec 31, 2023 | 1,567 | $46.4M | $49.7M | 97.8% | $46.8M | Not disclosed | Not disclosed | Not disclosed |
| 2022 to Dec 31, 2022 | 1,573 | $65.2M | $49.1M | 120.2% | $46.4M | Not disclosed | Not disclosed | Not disclosed |
- Legal&general Invt Mgt America,inc. codes 28 51 $19,038 PY2024
- Heitman Global Real Estate Sec Cit Sched. D C PY2024
- L&g Global Core Infrastructure Cit Sched. D C $3.0M PY2024
+25 more service providers
Every name, record and relationship behind this count, with the source on each.
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Provenance
Provenance
Record history
- Holding in a pooled vehicle started2024-12-31source on record
- Holding in a pooled vehicle ended2024-12-31source on record
- Funded status changed2023-01-01source on record
+1 more change 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
+4 connections on the graph
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