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

British Airways Plc Pension Plan (U.S.A.)

Corporate pensionNEW York, NY
Assets
$315M
Total assets, Mar 31, 2025 reported
Funded
71.5%
Apr 1, 2024
Private markets target
n/a
policy Mar 31, 2025
Commitments
41
1 managers on Schedule C
Plan sponsor: British Airways Plc
Allocation policy
Form 5500, as of Mar 31, 2025
Actual allocation lines without a target (as filed)
  • Non-interest-bearing cash 0.6%
  • Other investments 0.1%
  • Partnership/joint venture interests 3.4%
  • 103-12 investment entities 5.4%
  • Common/collective trusts 87.1%
Consultants and advisers
5 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
41 rows, 0 dated closings
Disclosed holdings (from the plan’s performance or holdings report, as of the report date)
DateFundManagerBucketAmountVintageStatusSource
as of Mar 31, 2025High Yield Bond Fund103 12 ieRussell Investments Institutional Funds LLCFixed income$16.9M heldDisclosed holdingaskebsa.dol.gov
as of Mar 31, 2025Russell Real Estate Equity Fundcollective trustRussell Trust CompanyReal estate$10.9M heldDisclosed holdingaskebsa.dol.gov
as of Mar 31, 2025World Equity Fundcollective trustRussell Trust CompanyPublic equity$38.4M heldDisclosed holdingaskebsa.dol.gov
as of Mar 31, 2025Russell Investments Russell 1000 incollective trustRussell Trust CompanyPooled vehicles$38.4M heldDisclosed holdingaskebsa.dol.gov
as of Mar 31, 2025Russell International Fundcollective trustRussell Trust CompanyPooled vehicles$23.9M heldDisclosed holdingaskebsa.dol.gov
as of Mar 31, 2025Emerging Markets Fundcollective trustRussell Trust CompanyPublic equity$14.3M heldDisclosed holdingaskebsa.dol.gov
as of Mar 31, 2025Russell Fixed Income II Fundcollective trustRussell Trust CompanyFixed income$1.7M heldDisclosed holdingaskebsa.dol.gov
as of Mar 31, 2025Russell Small Cap Fundcollective trustRussell Trust CompanyPublic equity$9.3M heldDisclosed holdingaskebsa.dol.gov
as of Mar 31, 2025Russell 25 Plus Yr Strips Fixed Inccollective trustRussell Investments Trust CompanyFixed income$22.9M heldDisclosed holdingaskebsa.dol.gov
as of Mar 31, 2025Global Real Estate Securities Fundcollective trustRussell Trust CompanyReal estate$10.7M heldDisclosed holdingaskebsa.dol.gov
as of Mar 31, 2025Ritc Global Listed Infrastructure Fcollective trustRussell Trust CompanyInfrastructure$12.3M heldDisclosed holdingaskebsa.dol.gov
as of Mar 31, 202514 Year Ldi Fixed Income Fundcollective trustRussell Investments Trust CompanyFixed income$40.0M heldDisclosed holdingaskebsa.dol.gov
as of Mar 31, 2025Russell 15-20 Yr Strips Fxd Inc Fdcollective trustRussell Investments Trust CompanyPooled vehicles$36.9M heldDisclosed holdingaskebsa.dol.gov
as of Mar 31, 2025Short-Term Investment Fundcollective trustRussell Trust CompanyCash$10.6M heldDisclosed holdingaskebsa.dol.gov
as of Mar 31, 2024High Yield Bond Fund103 12 ieRussell Investments Institutional Funds LLCFixed income$17.8M heldDisclosed holdingaskebsa.dol.gov
as of Mar 31, 2024Russell Real Estate Equity Fundcollective trustRussell Trust CompanyReal estate$10.9M heldDisclosed holdingaskebsa.dol.gov
as of Mar 31, 2024World Equity Fundcollective trustRussell Trust CompanyPublic equity$42.5M heldDisclosed holdingaskebsa.dol.gov
as of Mar 31, 2024Russell Investments Russell 1000 incollective trustRussell Trust CompanyPooled vehicles$46.1M heldDisclosed holdingaskebsa.dol.gov
as of Mar 31, 2024Russell International Fundcollective trustRussell Trust CompanyPooled vehicles$25.6M heldDisclosed holdingaskebsa.dol.gov
as of Mar 31, 2024Emerging Markets Fundcollective trustRussell Trust CompanyPublic equity$15.1M heldDisclosed holdingaskebsa.dol.gov
as of Mar 31, 2024Russell Fixed Income II Fundcollective trustRussell Trust CompanyFixed income$2.5M heldDisclosed holdingaskebsa.dol.gov
as of Mar 31, 2024Russell Small Cap Fundcollective trustRussell Trust CompanyPublic equity$8.9M heldDisclosed holdingaskebsa.dol.gov
as of Mar 31, 2024Russell 25 Plus Yr Strips Fixed Inccollective trustRussell Investments Trust CompanyFixed income$31.4M heldDisclosed holdingaskebsa.dol.gov
as of Mar 31, 2024Global Real Estate Securities Fundcollective trustRussell Trust CompanyReal estate$12.9M heldDisclosed holdingaskebsa.dol.gov
as of Mar 31, 2024Ritc Global Listed Infrastructure Fcollective trustRussell Trust CompanyInfrastructure$11.3M heldDisclosed holdingaskebsa.dol.gov
as of Mar 31, 202414 Year Ldi Fixed Income Fundcollective trustRussell Investments Trust CompanyFixed income$29.3M heldDisclosed holdingaskebsa.dol.gov
as of Mar 31, 2024Russell 15-20 Yr Strips Fxd Inc Fdcollective trustRussell Investments Trust CompanyPooled vehicles$26.0M heldDisclosed holdingaskebsa.dol.gov
as of Mar 31, 2024Short-Term Investment Fundcollective trustRussell Trust CompanyCash$102,155 heldDisclosed holdingaskebsa.dol.gov
as of Mar 31, 2023High Yield Bond Fund103 12 ieRussell Investments Institutional Funds LLCFixed income$19.6M heldDisclosed holdingaskebsa.dol.gov
as of Mar 31, 2023Russell Real Estate Equity Fundcollective trustRussell Trust CompanyReal estate$12.0M heldDisclosed holdingaskebsa.dol.gov
as of Mar 31, 2023World Equity Fundcollective trustRussell Trust CompanyPublic equity$47.4M heldDisclosed holdingaskebsa.dol.gov
as of Mar 31, 2023Russell Investments Russell 1000 incollective trustRussell Trust CompanyPooled vehicles$45.8M heldDisclosed holdingaskebsa.dol.gov
as of Mar 31, 2023Russell International Fundcollective trustRussell Trust CompanyPooled vehicles$26.0M heldDisclosed holdingaskebsa.dol.gov
as of Mar 31, 2023Emerging Markets Fundcollective trustRussell Trust CompanyPublic equity$16.1M heldDisclosed holdingaskebsa.dol.gov
as of Mar 31, 2023Russell Fixed Income II Fundcollective trustRussell Trust CompanyFixed income$3.4M heldDisclosed holdingaskebsa.dol.gov
as of Mar 31, 2023Russell Small Cap Fundcollective trustRussell Trust CompanyPublic equity$9.2M heldDisclosed holdingaskebsa.dol.gov
as of Mar 31, 2023Russell 25 Plus Yr Strips Fixed Inccollective trustRussell Investments Trust CompanyFixed income$39.1M heldDisclosed holdingaskebsa.dol.gov
as of Mar 31, 2023Global Real Estate Securities Fundcollective trustRussell Trust CompanyReal estate$10.4M heldDisclosed holdingaskebsa.dol.gov
as of Mar 31, 2023Ritc Global Listed Infrastructure Fcollective trustRussell Trust CompanyInfrastructure$13.3M heldDisclosed holdingaskebsa.dol.gov
as of Mar 31, 202314 Year Ldi Fixed Income Fundcollective trustRussell Investments Trust CompanyFixed income$13.4M heldDisclosed holdingaskebsa.dol.gov
as of Mar 31, 2023Short-Term Investment Fundcollective trustRussell Trust CompanyCash$94,469 heldDisclosed holdingaskebsa.dol.gov
Size and funding
33 readings
Total assets
$315M Mar 31, 2025 reported Form 5500
$295M (2024-03) · $267M (2023-03)
Plan assets
$294M Apr 1, 2024 reported Form 5500
$266M (2023-04) · $314M (2022-04)
Net assets
$314M Mar 31, 2025 reported Form 5500
$294M (2024-03) · $266M (2023-03)
Funded ratio
71.5% Apr 1, 2024 reported Form 5500
63.3% (2023-04) · 74.3% (2022-04)
Funding target
$416M Apr 1, 2024 reported Form 5500
$421M (2023-04) · $423M (2022-04)
Discount rate
5.07% Apr 1, 2024 reported Form 5500
5.18% (2023-04) · 5.35% (2022-04)
Participants
2,156 Apr 1, 2024 reported Form 5500
2,198 (2023-04) · 2,245 (2022-04)
Contributions
$39.1M Mar 31, 2025 reported Form 5500
$34.1M (2024-03) · $12.4M (2023-03)
Benefits paid
$32.1M Mar 31, 2025 reported Form 5500
$31.9M (2024-03) · $32.0M (2023-03)
Net investment income
$19.2M Mar 31, 2025 reported Form 5500
$28.0M (2024-03) · $-48.1M (2023-03)
Investment management fees
$502,925 Mar 31, 2025 reported Form 5500
$461,458 (2024-03) · $475,989 (2023-03)
Form 5500 filings
3 plan years
Plan yearParticipantsAssets (SB market)Funding targetFTAPTotal assets (H)Partnerships / JVMaster trustReal estate
2024 to Mar 31, 20252,156$294M$416M71.5%$315M$10.7Mn/an/a
2023 to Mar 31, 20242,198$266M$421M63.3%$295M$7.5Mn/an/a
2022 to Mar 31, 20232,245$314M$423M74.3%$267M$4.0Mn/an/a
Service providers and investment entities as filed (Schedule C and D, latest year first)
  • Russell Trust Company codes 25 50 51 52 99 $529,600 PY2024
  • AON Consulting, Inc. (nj) codes 11 13 17 50 $344,583 PY2024
  • Ballard Spahr LLP codes 29 50 $60,000 PY2024
  • RSM US LLP codes 10 50 $29,400 PY2024
  • Russell Investments Implementation codes 28 50 $15,732 PY2024
  • International Fund Sched. D C $23.9M PY2024
  • Emerging Markets Fund Sched. D C $14.3M PY2024
  • Fixed Income II Fund Sched. D C $1.7M PY2024
  • Small Cap Fund Sched. D C $9.3M PY2024
  • 25 Plus Year Strips Fixed Income Fu Sched. D C $22.9M PY2024
  • Global Real Estate Secs Fd Sched. D C $10.7M PY2024
  • Global Listed Infrastructure Sched. D C $12.3M PY2024
  • 14 Year Ldi Fixed Income Fund Sched. D C $40.0M PY2024
  • 15 to 20 Yr Strips Fixed Income Fun Sched. D C $36.9M PY2024
  • Short-Term Investment Fund Sched. D C $10.6M PY2024
  • High Yield Bond Fund Sched. D E $16.9M PY2024
  • Real Estate Equity Fund Sched. D C $10.9M PY2024
  • World Equity Fund Sched. D C $38.4M PY2024
  • Russell Investments Russell 1000 in Sched. D C $38.4M PY2024
  • AON Consulting, Inc. codes 11 PY2024
  • Russell Trust Company codes 25 28 50 51 52 $461,459 PY2023
  • AON Consulting, Inc. (nj) codes 11 13 17 50 $377,388 PY2023
  • Ballard Spahr LLP codes 29 50 $60,000 PY2023
  • Russell Investments Trust Company codes 50 99 $41,426 PY2023
  • RSM US LLP codes 10 50 $27,563 PY2023
  • Russell Investments Russell 1000 in Sched. D C $46.1M PY2023
  • International Fund Sched. D C $25.6M PY2023
  • Emerging Markets Fund Sched. D C $15.1M PY2023
  • Fixed Income II Fund Sched. D C $2.5M PY2023
  • Small Cap Fund Sched. D C $8.9M PY2023
  • 25 Plus Year Strips Fixed Income Fu Sched. D C $31.4M PY2023
  • Global Real Estate Secs Fd Sched. D C $12.9M PY2023
  • Global Listed Infrastructure Sched. D C $11.3M PY2023
  • 14 Year Ldi Fixed Income Fund Sched. D C $29.3M PY2023
  • 15 to 20 Yr Strips Fixed Income Fun Sched. D C $26.0M PY2023
  • Short-Term Investment Fund Sched. D C $102,155 PY2023
  • High Yield Bond Fund Sched. D E $17.8M PY2023
  • Real Estate Equity Fund Sched. D C $10.9M PY2023
  • World Equity Fund Sched. D C $42.5M PY2023
  • AON Consulting, Inc. codes 11 PY2023
  • Russell Trust Company codes 25 28 51 $393,872 PY2022
  • AON Consulting, Inc. (nj) codes 11 14 17 50 $321,722 PY2022
  • Linklaters LLP codes 29 50 $65,580 PY2022
  • Wellington Trust codes 28 51 $49,961 PY2022
  • Ballard Spahr LLP codes 29 50 $35,000 PY2022
  • Russell Investments Trust Company codes 50 99 $31,667 PY2022
  • DLA Piper LLP US codes 29 50 $29,185 PY2022
  • Nepc LLC codes 17 50 $27,500 PY2022
  • RSM US LLP codes 10 50 $26,250 PY2022
  • State Street Bank & Trust Co. codes 25 50 99 $25,347 PY2022
  • Olshan Frome Wolosky LLP codes 29 50 $22,770 PY2022
  • Western Asset Management Co LLC codes 28 51 52 $18,685 PY2022
  • Grantham Mayo van Otterloo & Co LLC codes 28 50 51 52 $11,769 PY2022
  • Sirva, Inc. codes 50 99 $5,930 PY2022
  • Parametric Defensive Equity Fund Ll Sched. D E PY2022
  • CIF Global Research Equity Sched. D C PY2022
  • Allianzgi Emerging Markets Consumer Sched. D C PY2022
  • High Yield Bond Fund Sched. D E $19.6M PY2022
  • Real Estate Equity Fund Sched. D C $12.0M PY2022
  • World Equity Fund Sched. D C $47.4M PY2022
  • Russell Investments Russell 1000 in Sched. D C $45.8M PY2022
  • International Fund Sched. D C $26.0M PY2022
  • Emerging Markets Fund Sched. D C $16.1M PY2022
  • Fixed Income II Fund Sched. D C $3.4M PY2022
  • Small Cap Fund Sched. D C $9.2M PY2022
  • 25 Plus Year Strips Fixed Income Fd Sched. D C $39.1M PY2022
  • Global Real Estate Secs Fd Sched. D C $10.4M PY2022
  • Global Listed Infrastructure Sched. D C $13.3M PY2022
  • 14 Year Ldi Fixed Income Fund Sched. D C $13.4M PY2022
  • Short-Term Investment Fund Sched. D C $94,469 PY2022
  • AON Consulting, Inc. codes 11 PY2022
What changed
12 events
  • Dec 31, 2024Manager relationship endedinference
    Russell Trust Company no longer appears on British Airways Plc Pension Plan (U.S.A.)'s Schedule C as investment manager (plan year 2024 vs 2023)
    with Russell Trust Companyaskebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    Russell Investments Implementation appears on British Airways Plc Pension Plan (U.S.A.)'s Schedule C as investment manager (plan year 2024 vs 2023)
    with Russell Investments Implementationaskebsa.dol.gov
  • Apr 1, 2024Funded status changed
    British Airways Plc Pension Plan (U.S.A.) funded ratio 63.3% -> 71.5% (2023-04-01 to 2024-04-01)
    askebsa.dol.gov
  • Apr 1, 2024Assets changed
    British Airways Plc Pension Plan (U.S.A.) plan assets $266M -> $294M (+10.5%, 2023-04-01 to 2024-04-01)
    askebsa.dol.gov
  • Mar 31, 2024Holding started
    British Airways Plc Pension Plan (U.S.A.) first reports an interest in Russell 15-20 Yr Strips Fxd Inc Fd: $26M at 2024-03-31
    with Russell 15-20 Yr Strips Fxd Inc Fdaskebsa.dol.gov
  • Mar 31, 2024Assets changed
    British Airways Plc Pension Plan (U.S.A.) total assets $267M -> $295M (+10.5%, 2023-03-31 to 2024-03-31)
    askebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    Grantham Mayo van Otterloo & Co LLC no longer appears on British Airways Plc Pension Plan (U.S.A.)'s Schedule C as investment manager (plan year 2023 vs 2022)
    with Grantham, Mayo, van Oterloo Co.askebsa.dol.gov
  • Dec 31, 2023Consultant changedinference
    Nepc LLC no longer appears on British Airways Plc Pension Plan (U.S.A.)'s Schedule C as pension consultant (plan year 2023 vs 2022)
    with Nepc, LLCaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    Western Asset Management Co LLC no longer appears on British Airways Plc Pension Plan (U.S.A.)'s Schedule C as investment manager (plan year 2023 vs 2022)
    with Legg Mason, Inc and Subsidiariesaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    Wellington Trust no longer appears on British Airways Plc Pension Plan (U.S.A.)'s Schedule C as investment manager (plan year 2023 vs 2022)
    with Wellington Trust Companyaskebsa.dol.gov
  • Apr 1, 2023Funded status changed
    British Airways Plc Pension Plan (U.S.A.) funded ratio 74.3% -> 63.3% (2022-04-01 to 2023-04-01)
    askebsa.dol.gov
  • Apr 1, 2023Assets changed
    British Airways Plc Pension Plan (U.S.A.) plan assets $314M -> $266M (-15.3%, 2022-04-01 to 2023-04-01)
    askebsa.dol.gov
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Provenance
Identifiers: EIN-PN 131546240-001
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.