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
The Musical Arts Association Retirement Plan
Corporate pensionCleveland, OH
Assets
$69.3M
Total assets, Oct 31, 2025 reported
Funded
103.6%
Nov 1, 2024
Private markets target
n/a
policy Oct 31, 2025
Commitments
4
none on the tape
Plan sponsor: The Musical Arts Association
Allocation policy
Form 5500, as of Oct 31, 2025
Actual allocation lines without a target (as filed)
- Interest-bearing cash 81.4%
- Other investments 5.2%
- Partnership/joint venture interests 13.4%
Consultants and advisers
4 firms
- Monticello Associates Investment adviser (plan)through Oct 31, 2023 Form 5500
- Gallagher Fiduciary Advisors Actuarythrough Oct 31, 2025 Form 5500
- Willis Towers Watson US LLC Actuarythrough Oct 31, 2023 Form 5500
- Keybank National Association Custodianthrough Oct 31, 2023 Form 5500
People
No investment staff or executives have been read for this allocator yet.
Manager roster
2 managers on the commitment tape
From the plan’s own commitment disclosures
- Wellington Trust Company, Na2 rows, latest Oct 31, 2024
- Reliance Trust Company2 rows, latest Oct 31, 2024
From Schedule C (investment management, code 28)
- Wellington Trust Company, Naplan years 2023
Commitments
4 rows, 0 dated closings
Disclosed holdings (from the plan’s performance or holdings report, as of the report date)
| Date | Fund | Manager | Bucket | Amount | Vintage | Status | Source |
|---|---|---|---|---|---|---|---|
| as of Oct 31, 2024 | Wtc-Ctf International Quality Growtcollective trust | Wellington Trust Company, Na | Pooled vehicles | $2.8M held | Disclosed holding | askebsa.dol.gov | |
| as of Oct 31, 2024 | GQG Partners Emerging Markets Equitcollective trust | Reliance Trust Company | Public equity | $2.6M held | Disclosed holding | askebsa.dol.gov | |
| as of Oct 31, 2023 | Wtc-Ctf International Quality Growtcollective trust | Wellington Trust Company, Na | Pooled vehicles | $3.1M held | Disclosed holding | askebsa.dol.gov | |
| as of Oct 31, 2023 | GQG Partners Emerging Markets Equitcollective trust | Reliance Trust Company | Public equity | $1.7M held | Disclosed holding | askebsa.dol.gov |
Size and funding
33 readings
Investment management fees
$50,532 (2024-10) · $31,803 (2023-10)
Form 5500 filings
3 plan years
| Plan year | Participants | Assets (SB market) | Funding target | FTAP | Total assets (H) | Partnerships / JV | Master trust | Real estate |
|---|---|---|---|---|---|---|---|---|
| 2024 to Oct 31, 2025 | 309 | $69.0M | $61.0M | 103.7% | $69.3M | $9.3M | n/a | n/a |
| 2023 to Oct 31, 2024 | 310 | $48.5M | $63.5M | 81.3% | $55.7M | $12.3M | n/a | n/a |
| 2022 to Oct 31, 2023 | 313 | $47.2M | $62.7M | 81.2% | $48.5M | $14.8M | n/a | n/a |
Service providers and investment entities as filed (Schedule C and D, latest year first)
- Towers Watson codes 11 50 $77,888 PY2024
- Gallagher Benefit Services, Inc. codes 11 17 50 $71,600 PY2024
- RSM US LLP codes 10 50 $32,000 PY2024
- Monticello Associates, Inc. codes 27 50 $25,395 PY2024
- Wellington Trust Company, Na codes 28 50 52 $17,762 PY2024
- Keybank National Association codes 10 13 19 21 28 50 51 62 99 $5,657 PY2024
- Wtc-Ctf Int'l Quality Growth Sched. D C PY2024
- GQG Partners Emerging Mrkt Eqty Cit Sched. D C PY2024
- Willis Towers Watson US LLC codes 11 PY2024
- Towers Watson codes 11 50 $52,151 PY2023
- Wellington Trust Company, Na codes 28 50 52 $24,430 PY2023
- Monticello Associates, Inc. codes 27 50 $20,117 PY2023
- RSM US LLP codes 10 50 $14,500 PY2023
- Keybank National Association codes 10 13 19 21 28 50 51 62 99 $5,985 PY2023
- Wtc-Ctf Int'l Quality Growth Sched. D C $2.8M PY2023
- GQG Partners Emerging Mrkt Eqty Cit Sched. D C $2.6M PY2023
- Willis Towers Watson US LLC codes 11 PY2023
- RSM US LLP codes 10 50 $27,730 PY2022
- Wellington Trust Company, Na codes 28 50 52 $24,413 PY2022
- Towers Watson codes 11 50 $22,118 PY2022
- Monticello Associates, Inc. codes 27 50 $21,225 PY2022
- Keybank National Association codes 10 13 19 21 28 50 51 62 99 $7,390 PY2022
- Wtc-Ctf Int'l Quality Growth Sched. D C $3.1M PY2022
- GQG Partners Emerging Mrkt Eqty Cit Sched. D C $1.7M PY2022
- Willis Towers Watson US LLC codes 11 PY2022
What changed
5 events
- Oct 31, 2025Assets changedThe Musical Arts Association Retirement Plan total assets $56M -> $69M (+24.5%, 2024-10-31 to 2025-10-31)
- Dec 31, 2024Consultant changedinferenceGallagher Benefit Services, Inc. appears on The Musical Arts Association Retirement Plan's Schedule C as pension consultant (plan year 2024 vs 2023)with Gallagher Fiduciary Advisorsaskebsa.dol.gov
- Nov 1, 2024Funded status changedThe Musical Arts Association Retirement Plan funded ratio 81.3% -> 103.6% (2023-11-01 to 2024-11-01)
- Nov 1, 2024Assets changedThe Musical Arts Association Retirement Plan plan assets $48M -> $69M (+42.5%, 2023-11-01 to 2024-11-01)
- Oct 31, 2024Assets changedThe Musical Arts Association Retirement Plan total assets $48M -> $56M (+14.9%, 2023-10-31 to 2024-10-31)
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Provenance
Identifiers: EIN-PN 340714468-001
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.