Banco Popular de Puerto Rico Retirement Plan
Corporate pension, based in SAN Juan, reporting $607M in assets, for 7,594 participants.
Composed from this allocator's classification, location and filed figures.
Nothing material in the last 90 days. Last change: 1 Jan 2024, Banco Popular de Puerto Rico Retirement Plan funded ratio 85.3% -> 88.5% (2023-01-01 to 2024-01-01).
1 more adviser and 3 more commitments
Every figure, date and source on this page is shown. The names behind them, and every related record, open with the complete profile.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Capital path
who backs this record, through what, into what; each name opens its own path- Lazard/wilmington International Equ3 commitments
- Morgan Stanley Emerging Mrkt Trust3 commitments
- Lazard Asset Management LLC3 commitments
- Morgan Stanley Investment Mgt Inc.3 commitments
Relationship network
15 connected entities6 observed commitments4 repeat counterpartiescommitments 2022 to 2024
From board minutes, annual reports, Form 5500 filings and public records of commitments, consultants and staff in the allocator graph. Commitment amounts are those the allocator disclosed; many are not printed, and none is estimated.
Some relationships on this record are counted rather than named here. They open with the full profile.
Click any name or line for the commitments and sources behind it. Line weight is commitments together; dashed lines are inferred.
- Sponsor
- Fund or vehicle
- Service provider
- Organization
›How strength and recency are read
Managers, funds and consultants are read from the commitments: three or more is a strong observed relationship, two a repeat counterparty. No consultant link is marked current on the source, so none is labelled current or former here. Related plans, people and plan service providers are ordered by what the filing shows.
Darker lines were active in the last 24 months or are current; lighter lines are older or undated.
Size, funding, policy and commitments, with their basesCorporate pensionShowHide
Allocation policy
- 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
- Blackrock Institutional Trust Co,na Pension consultantthrough Dec 31, 2022 Form 5500
- Consultiva International, Inc. Pension consultantthrough Dec 31, 2022 Form 5500
- Willis Towers Watson US LLC Actuarythrough Dec 31, 2022 Form 5500
+1 more consultant or adviser advise this allocator
Every name, record and relationship behind this count, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
People
Manager roster
- Lazard Asset Management LLC3 rows, latest Dec 31, 2024
- Morgan Stanley Investment Mgt Inc.3 rows, latest Dec 31, 2024
- Lazard Asset Management LLCplan years
- Morgan Stanley Investment Mgt Inc.plan years 2022
- DCM Advisors LLCplan years 2022
+2 more Schedule C managers
Every name, record and relationship behind this count, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
What changed
- Jan 1, 2024Funded status changedBanco Popular de Puerto Rico Retirement Plan funded ratio 85.3% -> 88.5% (2023-01-01 to 2024-01-01)
- Jan 1, 2023Funded status changedBanco Popular de Puerto Rico Retirement Plan funded ratio 102.7% -> 85.3% (2022-01-01 to 2023-01-01)
- Jan 1, 2023Assets changedBanco Popular de Puerto Rico Retirement Plan plan assets $822M -> $596M (-27.5%, 2022-01-01 to 2023-01-01)
Commitments
| Date | Fund | Manager | Bucket | Amount | Vintage | Status | Source |
|---|---|---|---|---|---|---|---|
| as of Dec 31, 2024 | Lazard/wilmington International Equcollective trust | Lazard Asset Management LLC | Pooled vehicles | $14.6M held | Disclosed holding | askebsa.dol.gov | |
| as of Dec 31, 2024 | Morgan Stanley Emerging Mrkt Trustseparate account | Morgan Stanley Investment Mgt Inc. | Pooled vehicles | $2.0M held | Disclosed holding | askebsa.dol.gov | |
| as of Dec 31, 2023 | Lazard/wilmington International Equcollective trust | Lazard Asset Management LLC | Pooled vehicles | $39.3M held | Disclosed holding | askebsa.dol.gov |
+3 more commitments
Every fund and manager this allocator committed to, with the amount, date and source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Size and funding
Form 5500 filings
| Plan year | Participants | Assets (SB market) | Funding target | FTAP | Total assets (H) | Partnerships / JV | Master trust | Real estate |
|---|---|---|---|---|---|---|---|---|
| 2024 to Dec 31, 2024 | 7,594 | $623M | $560M | 88.5% | $607M | Not disclosed | Not disclosed | Not disclosed |
| 2023 to Dec 31, 2023 | 7,694 | $596M | $575M | 85.3% | $632M | $0 | Not disclosed | Not disclosed |
| 2022 to Dec 31, 2022 | 7,780 | $822M | $575M | 102.7% | $592M | $0 | Not disclosed | Not disclosed |
- Blackrock Institutional Trust codes 28 $983,390 PY2024
- Pension Benefit Guaranty Corp codes 23 $766,994 PY2024
- Towers Watson Delavare, Inc. codes 11 $471,182 PY2024
+36 more service providers
Every name, record and relationship behind this count, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Provenance
Provenance
Banco Popular de Puerto Rico Retirement Plan sits on 4 traced paths of capital across the graphs.
DFX traced 4 paths of capital through this record
Every record on each path, what it committed or lent, and as of when.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.
Checking your plan…
Record history
- Funded status changed2024-01-01source on record
- Funded status changed2023-01-01source on record
- Total assets changed2023-01-01source on record
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.
›Connections
every published relationship on the graph
+10 connections on the graph
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.