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

Securian Financial Group, Inc. Retirement Plan

Corporate pensionST Paul, MN
Assets
$1.2B
Total assets, Dec 31, 2024 reported
Funded
110.0%
Jan 1, 2024
Private markets target
n/a
policy Dec 31, 2024
Commitments
11
none on the tape
Plan sponsor: Securian Financial Group, Inc.
Allocation policy
Form 5500, as of Dec 31, 2024
Actual allocation lines without a target (as filed)
  • Non-interest-bearing cash 0.9%
  • Partnership/joint venture interests 10.9%
  • Common/collective trusts 28.0%
  • Pooled separate accounts 60.3%
Consultants and advisers
12 firms
People
No investment staff or executives have been read for this allocator yet.
Manager roster
3 managers on the commitment tape
From the plan’s own commitment disclosures
From Schedule C (investment management, code 28)
Commitments
11 rows, 0 dated closings
Disclosed holdings (from the plan’s performance or holdings report, as of the report date)
DateFundManagerBucketAmountVintageStatusSource
as of Dec 31, 2024MN Life Ins Co Fixed Gva Acctseparate accountMinnesota Life InsuranceFixed income$518M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024MN Life Ins Variable Gva Acctseparate accountMinnesota Life InsurancePooled vehicles$203M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024AON Small Cap Equity Index Fundcollective trustAON Trust Company LLCPublic equity$12.7M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024AON Non-Us Equity Index Fundcollective trustAON Trust Company LLCPublic equity$40.9M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024AON Large Cap Equity Index Fundcollective trustAON Trust Company LLCPublic equity$85.2M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024AON Core Real Estate Fundcollective trustAON Trust Company LLCReal estate$42.1M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024AON Global Equity Fundcollective trustAON Trust Company LLCPublic equity$125M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024AON Multi-Asset Credit Fundcollective trustAON Trust Company LLCPrivate credit$21.5M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Loomis Sayles Core Disc. Alpha Fundcollective trustLoomis SaylesPooled vehicles$7.6M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Master Separate Accountseparate accountMinnesota Life InsurancePooled vehicles$825M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Master Separate Accountseparate accountMinnesota Life InsurancePooled vehicles$1.0B heldDisclosed holdingaskebsa.dol.gov
Size and funding
31 readings
Total assets
$1.2B Dec 31, 2024 reported Form 5500
$1.2B (2023-12) · $1.1B (2022-12)
Plan assets
$1.2B Jan 1, 2024 reported Form 5500
$1.1B (2023-01) · $1.5B (2022-01)
Net assets
$1.2B Dec 31, 2024 reported Form 5500
$1.2B (2023-12) · $1.1B (2022-12)
Funded ratio
110.0% Jan 1, 2024 reported Form 5500
112.7% (2023-01) · 123.4% (2022-01)
Funding target
$831M Jan 1, 2024 reported Form 5500
$787M (2023-01) · $750M (2022-01)
Discount rate
5.21% Jan 1, 2024 reported Form 5500
5.35% (2023-01) · 5.55% (2022-01)
Participants
4,032 Jan 1, 2024 reported Form 5500
3,651 (2023-01) · 3,692 (2022-01)
Contributions
$0 Dec 31, 2024 reported Form 5500
$0 (2023-12) · $0 (2022-12)
Benefits paid
$40.4M Dec 31, 2024 reported Form 5500
$37.7M (2023-12) · $34.7M (2022-12)
Net investment income
$-15.8M Dec 31, 2024 reported Form 5500
$89.9M (2023-12) · $-355M (2022-12)
Investment management fees
$1.2M Dec 31, 2024 reported Form 5500
Form 5500 filings
3 plan years
Plan yearParticipantsAssets (SB market)Funding targetFTAPTotal assets (H)Partnerships / JVMaster trustReal estate
2024 to Dec 31, 20244,032$1.2B$831M110.0%$1.2B$130Mn/an/a
2023 to Dec 31, 20233,651$1.1B$787M112.7%$1.2B$99.7Mn/an/a
2022 to Dec 31, 20223,692$1.5B$750M123.4%$1.1B$112Mn/an/a
Service providers and investment entities as filed (Schedule C and D, latest year first)
What changed
25 events
  • Dec 31, 2024Holding started
    Securian Financial Group, Inc. Retirement Plan first reports an interest in AON Large Cap Equity Index Fund (AON Trust Company LLC): $85M at 2024-12-31
    with AON Trust Company LLCaskebsa.dol.gov
  • Dec 31, 2024Holding started
    Securian Financial Group, Inc. Retirement Plan first reports an interest in MN Life Ins Variable Gva Acct (Minnesota Life Insurance): $203M at 2024-12-31
    with Minnesota Life Insuranceaskebsa.dol.gov
  • Dec 31, 2024Holding started
    Securian Financial Group, Inc. Retirement Plan first reports an interest in AON Small Cap Equity Index Fund (AON Trust Company LLC): $13M at 2024-12-31
    with AON Trust Company LLCaskebsa.dol.gov
  • Dec 31, 2024Holding endedinference
    Securian Financial Group, Inc. Retirement Plan no longer reports Master Separate Account (Minnesota Life Insurance) (last held $825M at 2023-12-31; absent from the 2024-12-31 filing)
    with Minnesota Life Insuranceaskebsa.dol.gov
  • Dec 31, 2024Holding started
    Securian Financial Group, Inc. Retirement Plan first reports an interest in AON Core Real Estate Fund (AON Trust Company LLC): $42M at 2024-12-31
    with AON Trust Company LLCaskebsa.dol.gov
  • Dec 31, 2024Holding started
    Securian Financial Group, Inc. Retirement Plan first reports an interest in MN Life Ins Co Fixed Gva Acct (Minnesota Life Insurance): $518M at 2024-12-31
    with Minnesota Life Insuranceaskebsa.dol.gov
  • Dec 31, 2024Holding started
    Securian Financial Group, Inc. Retirement Plan first reports an interest in Loomis Sayles Core Disc. Alpha Fund (Loomis Sayles): $8M at 2024-12-31
    with Loomis Saylesaskebsa.dol.gov
  • Dec 31, 2024Holding started
    Securian Financial Group, Inc. Retirement Plan first reports an interest in AON Global Equity Fund (AON Trust Company LLC): $125M at 2024-12-31
    with AON Trust Company LLCaskebsa.dol.gov
  • Dec 31, 2024Holding started
    Securian Financial Group, Inc. Retirement Plan first reports an interest in AON Non-Us Equity Index Fund (AON Trust Company LLC): $41M at 2024-12-31
    with AON Trust Company LLCaskebsa.dol.gov
  • Dec 31, 2024Holding started
    Securian Financial Group, Inc. Retirement Plan first reports an interest in AON Multi-Asset Credit Fund (AON Trust Company LLC): $21M at 2024-12-31
    with AON Trust Company LLCaskebsa.dol.gov
  • Dec 31, 2024Consultant changedinference
    Axiom Asia Priv Cap III LP appears on Securian Financial Group, Inc. Retirement Plan's Schedule C as investment adviser (plan) (plan year 2024 vs 2023)
    with Axiom Asia Priv Cap III LPaskebsa.dol.gov
  • Dec 31, 2024Consultant changedinference
    AEA Small Business III LP appears on Securian Financial Group, Inc. Retirement Plan's Schedule C as investment adviser (plan) (plan year 2024 vs 2023)
    with AEA Small Business III LPaskebsa.dol.gov
  • Dec 31, 2024Consultant changedinference
    Gridiron Capital IV LP appears on Securian Financial Group, Inc. Retirement Plan's Schedule C as investment adviser (plan) (plan year 2024 vs 2023)
    with Gridiron Capital IV LPaskebsa.dol.gov
  • Dec 31, 2024Consultant changedinference
    Loomis Sayles High Yield Fund appears on Securian Financial Group, Inc. Retirement Plan's Schedule C as investment adviser (plan) (plan year 2024 vs 2023)
    with Loomis Sayles High Yield Fundaskebsa.dol.gov
  • Dec 31, 2024Consultant changedinference
    Bison Cap Partners IV LP appears on Securian Financial Group, Inc. Retirement Plan's Schedule C as investment adviser (plan) (plan year 2024 vs 2023)
    with Bison Cap Partners IV LPaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    The Standard no longer appears on Securian Financial Group, Inc. Retirement Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with The Standardaskebsa.dol.gov
  • Dec 31, 2024Consultant changedinference
    Hggc Fund III, LP appears on Securian Financial Group, Inc. Retirement Plan's Schedule C as investment adviser (plan) (plan year 2024 vs 2023)
    with Hggc Fund III, LPaskebsa.dol.gov
  • Dec 31, 2024Consultant changedinference
    Aquiline Finl Serv III LP appears on Securian Financial Group, Inc. Retirement Plan's Schedule C as investment adviser (plan) (plan year 2024 vs 2023)
    with Aquiline Finl Serv III LPaskebsa.dol.gov
  • Dec 31, 2024Consultant changedinference
    AON Investments USA Inc. appears on Securian Financial Group, Inc. Retirement Plan's Schedule C as investment adviser (plan) (plan year 2024 vs 2023)
    with AON Investments USA Incaskebsa.dol.gov
  • Dec 31, 2024Consultant changedinference
    Apogem Heritage VI, LP appears on Securian Financial Group, Inc. Retirement Plan's Schedule C as investment adviser (plan) (plan year 2024 vs 2023)
    with Apogem Heritage VI, LPaskebsa.dol.gov
  • Jan 1, 2024Funded status changed
    Securian Financial Group, Inc. Retirement Plan funded ratio 112.7% -> 110.0% (2023-01-01 to 2024-01-01)
    askebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    Minnesota Life Insurance Company no longer appears on Securian Financial Group, Inc. Retirement Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Minnesota Life Insuranceaskebsa.dol.gov
  • Dec 31, 2023Manager relationship started
    The Standard appears on Securian Financial Group, Inc. Retirement Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with The Standardaskebsa.dol.gov
  • Jan 1, 2023Funded status changed
    Securian Financial Group, Inc. Retirement Plan funded ratio 123.4% -> 112.7% (2022-01-01 to 2023-01-01)
    askebsa.dol.gov
  • Jan 1, 2023Assets changed
    Securian Financial Group, Inc. Retirement Plan plan assets $1.5B -> $1.1B (-24.0%, 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 411919752-001
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.