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.
Taft-Hartley plan
U.A. Local No. 447 Pension Fund
Taft-Hartley planSacramento, CA
Assets
$274M
Total assets, Jun 30, 2025 reported
Funded
113.6%
Jul 1, 2024
Private markets target
n/a
policy Jun 30, 2025
Commitments
12
none on the tape
Plan sponsor: Board of Trustees, U.A. Local No. 447 Pension Fund
Allocation policy
Form 5500, as of Jun 30, 2025
Actual allocation lines without a target (as filed)
- Interest-bearing cash 1.5%
- U.S. Government securities 1.9%
- 103-12 investment entities 7.7%
- Common/collective trusts 18.8%
- Registered investment companies 64.2%
- Real estate (other than employer real property) 5.1%
Consultants and advisers
4 firms
- Verus Advisory, Inc. Pension consultantInvestment adviser (plan)through Jun 30, 2025 Form 5500
- Merrill Lynch,pierce,fenner & Smith Custodianthrough Jun 30, 2023 Form 5500
- Rael & Letson Actuarythrough Jun 30, 2023 Form 5500
- US Bank Trusteethrough Jun 30, 2023 Form 5500
People
No investment staff or executives have been read for this allocator yet.
Manager roster
4 managers on the commitment tape
From the plan’s own commitment disclosures
- NEW Tower Trust Company3 rows, latest Jun 30, 2025
- Panagora Investment Manager3 rows, latest Jun 30, 2025
- Invesco Balanced-Risk Alloc. Trust3 rows, latest Jun 30, 2025
- Afl-Cio Equity Fund3 rows, latest Jun 30, 2025
From Schedule C (investment management, code 28)
- Whitestar Advisors, LLCplan years 2024
- Panagora Asset Management, Inc.plan years 2023
- Newtower Trust Companyplan years 2023
Commitments
12 rows, 0 dated closings
Disclosed holdings (from the plan’s performance or holdings report, as of the report date)
| Date | Fund | Manager | Bucket | Amount | Vintage | Status | Source |
|---|---|---|---|---|---|---|---|
| as of Jun 30, 2025 | Multi-Employer Property Trustcollective trust | NEW Tower Trust Company | Real estate | $9.3M held | Disclosed holding | askebsa.dol.gov | |
| as of Jun 30, 2025 | Panagora Group Trust Risk Parity103 12 ie | Panagora Investment Manager | Hedge / diversifiers | $21.0M held | Disclosed holding | askebsa.dol.gov | |
| as of Jun 30, 2025 | Invesco Balanced-Risk Allocation Trcollective trust | Invesco Balanced-Risk Alloc. Trust | Multi-asset | $22.3M held | Disclosed holding | askebsa.dol.gov | |
| as of Jun 30, 2025 | ASB Labor Equity Index Fundcollective trust | Afl-Cio Equity Fund | Public equity | $20.0M held | Disclosed holding | askebsa.dol.gov | |
| as of Jun 30, 2024 | Multi-Employer Property Trustcollective trust | NEW Tower Trust Company | Real estate | $9.2M held | Disclosed holding | askebsa.dol.gov | |
| as of Jun 30, 2024 | Panagora Group Trust Risk Parity103 12 ie | Panagora Investment Manager | Hedge / diversifiers | $19.3M held | Disclosed holding | askebsa.dol.gov | |
| as of Jun 30, 2024 | ASB Labor Equity Index Fundcollective trust | Afl-Cio Equity Fund | Public equity | $22.5M held | Disclosed holding | askebsa.dol.gov | |
| as of Jun 30, 2024 | Invesco Balanced-Risk Allocation Trcollective trust | Invesco Balanced-Risk Alloc. Trust | Multi-asset | $21.7M held | Disclosed holding | askebsa.dol.gov | |
| as of Jun 30, 2023 | Multi-Employer Property Trustcollective trust | NEW Tower Trust Company | Real estate | $10.5M held | Disclosed holding | askebsa.dol.gov | |
| as of Jun 30, 2023 | Panagora Group Trust Risk Parity103 12 ie | Panagora Investment Manager | Hedge / diversifiers | $18.3M held | Disclosed holding | askebsa.dol.gov | |
| as of Jun 30, 2023 | ASB Labor Equity Index Fundcollective trust | Afl-Cio Equity Fund | Public equity | $18.0M held | Disclosed holding | askebsa.dol.gov | |
| as of Jun 30, 2023 | Invesco Balanced-Risk Allocation Trcollective trust | Invesco Balanced-Risk Alloc. Trust | Multi-asset | $19.9M held | Disclosed holding | askebsa.dol.gov |
Size and funding
30 readings
Investment management fees
$478,215 (2024-06) · $479,038 (2023-06)
Form 5500 filings
3 plan years
| Plan year | Participants | Assets (SB market) | Funding target | FTAP | Total assets (H) | Partnerships / JV | Master trust | Real estate |
|---|---|---|---|---|---|---|---|---|
| 2024 to Jun 30, 2025 | 1,957 | n/a | n/a | n/a | $274M | n/a | n/a | $13.9M |
| 2023 to Jun 30, 2024 | 1,918 | n/a | n/a | n/a | $244M | n/a | n/a | $13.2M |
| 2022 to Jun 30, 2023 | 1,888 | n/a | n/a | n/a | $218M | n/a | n/a | $12.3M |
Service providers and investment entities as filed (Schedule C and D, latest year first)
- Rael & Letson codes 11 17 50 $181,133 PY2024
- Bridgeway Benefit Technologies codes 50 99 $103,123 PY2024
- NEW Tower Trust Company codes 50 51 $82,638 PY2024
- US Bank codes 21 50 $82,337 PY2024
- Employee #1 codes 30 $80,365 PY2024
- Miller Kaplan Arase LLP codes 10 50 $70,704 PY2024
- Panagora Asset codes 50 51 $69,572 PY2024
- Employee #2 codes 30 $60,768 PY2024
- Employee #3 codes 30 $60,048 PY2024
- Employee #4 codes 30 $58,482 PY2024
- Kraw Law Group, Apc codes 29 50 $41,962 PY2024
- Caliber Networks codes 15 50 $41,514 PY2024
- Whitestar Advisors LLC codes 50 51 $31,250 PY2024
- Verus Advisors codes 17 27 50 51 $30,000 PY2024
- Islip & Co codes 10 50 $23,301 PY2024
- Stephen Horn Insurance codes 22 53 PY2024
- Merrill Lynch, Pierce, Fenner and S codes 18 60 63 PY2024
- Multi-Employer Property Trust Sched. D C $9.3M PY2024
- Risk Parity Multi Asset Plus Fund Sched. D E $21.0M PY2024
- Invesco Balanced-Risk Allocation Tr Sched. D C $22.3M PY2024
- Afl-Cio Equity Index Fund Sched. D C $20.0M PY2024
- Rael & Letson codes 11 PY2024
- Rael & Letson codes 11 17 50 $115,784 PY2023
- Bridgeway Benefit Technologies codes 15 50 $99,267 PY2023
- New Tower Trust Company codes 50 51 $84,649 PY2023
- Employee #1 codes 30 $77,664 PY2023
- US Bank codes 21 50 $71,506 PY2023
- Panagora Asset codes 50 51 $64,214 PY2023
- Employee #4 codes 30 $56,049 PY2023
- Employee #5 codes 30 $55,224 PY2023
- Employee #3 codes 30 $54,158 PY2023
- Kraw Law Group, Apc codes 29 50 $53,636 PY2023
- Miller Kaplan Arase LLP codes 10 50 $50,800 PY2023
- Caliber Networks codes 15 50 $46,010 PY2023
- Employee #2 codes 30 $40,843 PY2023
- Whitestar Advisors LLC codes 50 51 $35,000 PY2023
- Verus Advisors codes 27 50 $30,000 PY2023
- Islip & Co codes 10 50 $24,764 PY2023
- Withumsmith + Brown, PC codes 10 50 $19,828 PY2023
- Desmond Nolan Livaich & Cunningham codes 29 50 $7,234 PY2023
- Cushman & Wakefield codes 34 50 $6,250 PY2023
- Stephen Horn Insurance codes 22 53 PY2023
- Merrill Lynch, Pierce, Fenner and S codes 18 60 63 PY2023
- Multi-Employer Property Trust Sched. D C $9.2M PY2023
- Risk Parity Multi Asset Plus Fund Sched. D E $19.3M PY2023
- Afl-Cio Equity Index Fund Sched. D C $22.5M PY2023
- Invesco Balanced-Risk Allocation Tr Sched. D C $21.7M PY2023
- Rael & Letson codes 11 PY2023
- Rael & Letson codes 11 17 $156,575 PY2022
- New Tower Trust Company codes 51 $97,143 PY2022
- Chris Mcdaniel codes 14 $80,095 PY2022
- US Bank codes 21 $65,713 PY2022
- Panagora Asset codes 51 $64,414 PY2022
- Brad Bernel codes 14 $60,080 PY2022
- Alisa Mueller codes 14 $59,682 PY2022
- Connie Hibbard codes 14 $59,298 PY2022
- Michelle Perry codes 14 $56,966 PY2022
- Caliber Networks codes 15 $43,845 PY2022
- Kraw Law Group, Apc codes 29 $35,204 PY2022
- Miller Kaplan Arase LLP codes 10 $33,600 PY2022
- Verus Advisors codes 27 $30,000 PY2022
- Bridgeway Benefit codes 15 $28,217 PY2022
- Withumsmith + Brown codes 10 $25,796 PY2022
- Islip & Co codes 10 $23,664 PY2022
- Innovative Software Solutions, Inc. codes 15 $21,874 PY2022
- Merrill Lynch, Pierce, Fenner and S codes 18 60 63 $65 PY2022
- Stephen Horn Insurance codes 22 53 PY2022
- Afl-Cio Equity Index Fund Sched. D C $18.0M PY2022
- Invesco Balanced-Risk Allocation Tr Sched. D C $19.9M PY2022
- Multi-Employer Property Trust Sched. D C $10.5M PY2022
- Risk Parity Multi Asset Plus Fund Sched. D E $18.3M PY2022
- Rael & Letson codes 11 PY2022
What changed
4 events
- Jun 30, 2025Assets changedU.A. Local No. 447 Pension Fund total assets $244M -> $274M (+12.5%, 2024-06-30 to 2025-06-30)
- Jul 1, 2024Funded status changedU.A. Local No. 447 Pension Fund funded ratio 111.4% -> 113.6% (2023-07-01 to 2024-07-01)
- Jul 1, 2024Assets changedU.A. Local No. 447 Pension Fund plan assets $218M -> $244M (+11.9%, 2023-07-01 to 2024-07-01)
- Jun 30, 2024Assets changedU.A. Local No. 447 Pension Fund total assets $218M -> $244M (+11.8%, 2023-06-30 to 2024-06-30)
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Provenance
Identifiers: EIN-PN 946269669-001
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.