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

Union Carbide Employees' Pension Plan

Corporate pensionMidland, MI
Assets
$2.2B
Total assets, Dec 31, 2024 reported
Funded
85.1%
Jan 1, 2024
Private markets target
n/a
policy Dec 31, 2024
Commitments
3
1 managers on Schedule C
Plan sponsor: Union Carbide Corporation C/o the Dow Chemical Company
Allocation policy
Form 5500, as of Dec 31, 2024
Actual allocation lines without a target (as filed)
  • Interest-bearing cash 1.5%
  • Non-interest-bearing cash 4.6%
  • Corporate debt instruments (other) 10.5%
  • Corporate debt instruments (preferred) 0.6%
  • U.S. Government securities 27.3%
  • Partnership/joint venture interests 16.1%
  • Common/collective trusts 3.6%
  • Master trust investment accounts 29.7%
  • Registered investment companies 3.6%
  • Common stock 1.6%
  • Real estate (other than employer real property) 0.6%
Consultants and advisers
8 firms
People
No investment staff or executives have been read for this allocator yet.
Manager roster
1 managers on the commitment tape
From the plan’s own commitment disclosures
From Schedule C (investment management, code 28)
Commitments
3 rows, 0 dated closings
Disclosed holdings (from the plan’s performance or holdings report, as of the report date)
DateFundManagerBucketAmountVintageStatusSource
as of Dec 31, 2024NT Collective Short Term Investmentcollective trustNorthern Trust Collective Eafe IndeCash$79.2M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023NT Collective Short Term Investmentcollective trustNorthern Trust Collective Eafe IndeCash$157M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022NT Collective Short Term Investmentcollective trustNorthern Trust Collective Eafe IndeCash$130M heldDisclosed holdingaskebsa.dol.gov
Size and funding
33 readings
Total assets
$2.2B Dec 31, 2024 reported Form 5500
$2.4B (2023-12) · $2.7B (2022-12)
Plan assets
$2.3B Jan 1, 2024 reported Form 5500
$2.7B (2023-01) · $3.6B (2022-01)
Net assets
$2.1B Dec 31, 2024 reported Form 5500
$2.3B (2023-12) · $2.7B (2022-12)
Funded ratio
85.1% Jan 1, 2024 reported Form 5500
87.0% (2023-01) · 98.1% (2022-01)
Funding target
$2.5B Jan 1, 2024 reported Form 5500
$2.8B (2023-01) · $3.0B (2022-01)
Discount rate
5.07% Jan 1, 2024 reported Form 5500
5.20% (2023-01) · 5.35% (2022-01)
Participants
32,746 Jan 1, 2024 reported Form 5500
35,127 (2023-01) · 36,710 (2022-01)
Contributions
$0 Dec 31, 2024 reported Form 5500
$0 (2023-12) · $0 (2022-12)
Benefits paid
$202M Dec 31, 2024 reported Form 5500
$440M (2023-12) · $349M (2022-12)
Net investment income
$-191M Dec 31, 2024 reported Form 5500
$-305M (2023-12) · $-925M (2022-12)
Investment management fees
$3.2M Dec 31, 2024 reported Form 5500
$3.4M (2023-12) · $3.1M (2022-12)
Form 5500 filings
3 plan years
Plan yearParticipantsAssets (SB market)Funding targetFTAPTotal assets (H)Partnerships / JVMaster trustReal estate
2024 to Dec 31, 202432,746$2.3B$2.5B85.1%$2.2B$358M$661M$12.7M
2023 to Dec 31, 202335,127$2.7B$2.8B87.0%$2.4B$336M$726M$24.8M
2022 to Dec 31, 202236,710$3.6B$3.0B98.1%$2.7B$377M$839M$42.4M
Service providers and investment entities as filed (Schedule C and D, latest year first)
What changed
7 events
  • Dec 31, 2024Consultant changedinference
    Evestment Alliance no longer appears on Union Carbide Employees' Pension Plan's Schedule C as general consultant (plan year 2024 vs 2023)
    with Evestment Alliance, LLCaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    Blackrock Institutional Trust Co no longer appears on Union Carbide Employees' Pension Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Blackrock Institutional Trust Co,naaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    T Rowe Price Associates Inc. no longer appears on Union Carbide Employees' Pension Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with T Rowe Price Associates Incaskebsa.dol.gov
  • Jan 1, 2024Assets changed
    Union Carbide Employees' Pension Plan plan assets $2.7B -> $2.3B (-13.3%, 2023-01-01 to 2024-01-01)
    askebsa.dol.gov
  • Dec 31, 2023Assets changed
    Union Carbide Employees' Pension Plan total assets $2.7B -> $2.4B (-12.5%, 2022-12-31 to 2023-12-31)
    askebsa.dol.gov
  • Jan 1, 2023Funded status changed
    Union Carbide Employees' Pension Plan funded ratio 98.1% -> 87.0% (2022-01-01 to 2023-01-01)
    askebsa.dol.gov
  • Jan 1, 2023Assets changed
    Union Carbide Employees' Pension Plan plan assets $3.6B -> $2.7B (-25.7%, 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 131421730-001
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.