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

Banco Popular de Puerto Rico Retirement Plan

Corporate pensionSAN Juan
Assets
$607M
Total assets, Dec 31, 2024 reported
Funded
88.5%
Jan 1, 2024
Private markets target
n/a
policy Dec 31, 2024
Commitments
6
none on the tape
Plan sponsor: Banco Popular de Puerto Rico
Allocation policy
Form 5500, as of Dec 31, 2024
Actual allocation lines without a target (as filed)
  • Interest-bearing cash 5.6%
  • Corporate debt instruments (other) 60.1%
  • U.S. Government securities 23.5%
  • Employer securities 0.5%
  • Other investments 0.0%
  • Common/collective trusts 2.7%
  • Registered investment companies 6.6%
Consultants and advisers
4 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
6 rows, 0 dated closings
Disclosed holdings (from the plan’s performance or holdings report, as of the report date)
DateFundManagerBucketAmountVintageStatusSource
as of Dec 31, 2024Lazard/wilmington International Equcollective trustWilmington Trust National AssociationPooled vehicles$14.6M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Morgan Stanley Emerging Mrkt Trustseparate accountMorgan Stanley Investment Mgt Inc.Pooled vehicles$2.0M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Lazard/wilmington International Equcollective trustWilmington Trust National AssociationPooled vehicles$39.3M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Morgan Stanley Emerging Mrkt Trustseparate accountMorgan Stanley Investment Mgt Inc.Pooled vehicles$7.0M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Lazard/wilmington International Equcollective trustWilmington Trust National AssociationPooled vehicles$46.1M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Morgan Stanley Emerging Mrkt Trustseparate accountMorgan Stanley Investment Mgt Inc.Pooled vehicles$8.3M heldDisclosed holdingaskebsa.dol.gov
Size and funding
33 readings
Total assets
$607M Dec 31, 2024 reported Form 5500
$632M (2023-12) · $592M (2022-12)
Plan assets
$623M Jan 1, 2024 reported Form 5500
$596M (2023-01) · $822M (2022-01)
Net assets
$589M Dec 31, 2024 reported Form 5500
$622M (2023-12) · $592M (2022-12)
Funded ratio
88.5% Jan 1, 2024 reported Form 5500
85.3% (2023-01) · 102.7% (2022-01)
Funding target
$560M Jan 1, 2024 reported Form 5500
$575M (2023-01) · $575M (2022-01)
Discount rate
5.09% Jan 1, 2024 reported Form 5500
5.21% (2023-01) · 5.39% (2022-01)
Participants
7,594 Jan 1, 2024 reported Form 5500
7,694 (2023-01) · 7,780 (2022-01)
Contributions
$0 Dec 31, 2024 reported Form 5500
$0 (2023-12) · $0 (2022-12)
Benefits paid
$41.8M Dec 31, 2024 reported Form 5500
$38.3M (2023-12) · $45.3M (2022-12)
Net investment income
$-33.8M Dec 31, 2024 reported Form 5500
$30.7M (2023-12) · $-230M (2022-12)
Investment management fees
$1.3M Dec 31, 2024 reported Form 5500
$1.3M (2023-12) · $1.4M (2022-12)
Form 5500 filings
3 plan years
Plan yearParticipantsAssets (SB market)Funding targetFTAPTotal assets (H)Partnerships / JVMaster trustReal estate
2024 to Dec 31, 20247,594$623M$560M88.5%$607Mn/an/an/a
2023 to Dec 31, 20237,694$596M$575M85.3%$632M$0n/an/a
2022 to Dec 31, 20227,780$822M$575M102.7%$592M$0n/an/a
Service providers and investment entities as filed (Schedule C and D, latest year first)
What changed
3 events
  • Jan 1, 2024Funded status changed
    Banco Popular de Puerto Rico Retirement Plan funded ratio 85.3% -> 88.5% (2023-01-01 to 2024-01-01)
  • Jan 1, 2023Funded status changed
    Banco Popular de Puerto Rico Retirement Plan funded ratio 102.7% -> 85.3% (2022-01-01 to 2023-01-01)
  • Jan 1, 2023Assets changed
    Banco Popular de Puerto Rico Retirement Plan plan assets $822M -> $596M (-27.5%, 2022-01-01 to 2023-01-01)
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Provenance
Identifiers: EIN-PN 660561870-001
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.