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

Pepsico, Inc. Employees Retirement Plan H

Corporate pensionPurchase, NY
Assets
$4.2B
Total assets, Dec 31, 2024 reported
Funded
108.2%
Jan 1, 2024
Private markets target
n/a
policy Dec 31, 2024
Commitments
0
3 managers on Schedule C
Plan sponsor: Pepsico, Inc.
Allocation policy
Form 5500, as of Dec 31, 2024
Actual allocation lines without a target (as filed)
  • Master trust investment accounts 100.0%
Consultants and advisers
8 firms
People
No investment staff or executives have been read for this allocator yet.
Manager roster
28 managers on Schedule C
From Schedule C (investment management, code 28)
Commitments
No fund commitments are on the tape for this allocator. The tape holds the plans that publish their own private-markets reports; a plan that publishes one and is not here is a gap we can close.
Size and funding
30 readings
Total assets
$4.2B Dec 31, 2024 reported Form 5500
$4.3B (2023-12) · $3.9B (2022-12)
Plan assets
$4.3B Jan 1, 2024 reported Form 5500
$3.9B (2023-01) · $5.2B (2022-01)
Net assets
$4.2B Dec 31, 2024 reported Form 5500
$4.3B (2023-12) · $3.9B (2022-12)
Funded ratio
108.2% Jan 1, 2024 reported Form 5500
108.0% (2023-01) · 126.0% (2022-01)
Funding target
$3.8B Jan 1, 2024 reported Form 5500
$3.7B (2023-01) · $3.3B (2022-01)
Discount rate
5.16% Jan 1, 2024 reported Form 5500
5.01% (2023-01) · 5.60% (2022-01)
Participants
82,942 Jan 1, 2024 reported Form 5500
76,364 (2023-01) · 74,962 (2022-01)
Contributions
$0 Dec 31, 2024 reported Form 5500
$150M (2023-12) · $250M (2022-12)
Benefits paid
$255M Dec 31, 2024 reported Form 5500
$254M (2023-12) · $396M (2022-12)
Net investment income
$-85.7M Dec 31, 2024 reported Form 5500
$347M (2023-12) · $-1.1B (2022-12)
Form 5500 filings
3 plan years
Plan yearParticipantsAssets (SB market)Funding targetFTAPTotal assets (H)Partnerships / JVMaster trustReal estate
2024 to Dec 31, 202482,942$4.3B$3.8B108.2%$4.2Bn/a$4.2Bn/a
2023 to Dec 31, 202376,364$3.9B$3.7B108.0%$4.3Bn/a$4.1Bn/a
2022 to Dec 31, 202274,962$5.2B$3.3B126.0%$3.9Bn/a$3.7Bn/a
Service providers and investment entities as filed (Schedule C and D, latest year first)
What changed
4 events
  • Dec 31, 2024Consultant changedinference
    Towers Watson Investment Service appears on Pepsico, Inc. Employees Retirement Plan H's Schedule C as investment adviser (plan) (plan year 2024 vs 2023)
    with Towers Watson Investment Services,askebsa.dol.gov
  • Dec 31, 2023Consultant changedinference
    Towers Watson Investment Services no longer appears on Pepsico, Inc. Employees Retirement Plan H's Schedule C as pension consultant (plan year 2023 vs 2022)
    with Towers Watson Investment Services,askebsa.dol.gov
  • Jan 1, 2023Funded status changed
    Pepsico, Inc. Employees Retirement Plan H funded ratio 126.0% -> 108.0% (2022-01-01 to 2023-01-01)
    askebsa.dol.gov
  • Jan 1, 2023Assets changed
    Pepsico, Inc. Employees Retirement Plan H plan assets $5.2B -> $3.9B (-23.9%, 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 131584302-121
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.