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

Andersen Corporation Employees' Pension and Retirement Plan

Corporate pensionBayport, MN
Assets
$682M
Total assets, Dec 31, 2025 reported
Funded
80.4%
Jan 1, 2025
Private markets target
n/a
policy Dec 31, 2025
Commitments
10
1 managers on Schedule C
Plan sponsor: Andersen Corporation
Allocation policy
Form 5500, as of Dec 31, 2025
Actual allocation lines without a target (as filed)
  • Insurance company general account 0.6%
  • Master trust investment accounts 99.1%
  • Pooled separate accounts 0.2%
Consultants and advisers
2 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
10 rows, 0 dated closings
Disclosed holdings (from the plan’s performance or holdings report, as of the report date)
DateFundManagerBucketAmountVintageStatusSource
as of Dec 31, 2025Prin Fin Grp, Inc. Stock Sa-R6separate accountPrincipalPublic equity$1.3M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2025Prin Core Plus Bond Sep Acct-Zseparate accountPrincipalFixed income$350,708 heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2025Prin Liquid Assets Sep Acct-Zseparate accountPrincipalPooled vehicles$14,766 heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Prin Fin Grp, Inc. Stock Sa-R6separate accountPrincipalPublic equity$1.1M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Prin Core Plus Bond Sep Acct-Zseparate accountPrincipalFixed income$634,557 heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Prin Liquid Assets Sep Acct-Zseparate accountPrincipalPooled vehicles$5,424 heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Prin Fin Grp, Inc. Stock Sa-R6separate accountPrincipalPublic equity$1.1M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Prin Core Plus Bond Sep Acct-Zseparate accountPrincipalFixed income$925,325 heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Prin Fin Grp, Inc. Stock Sa-R6separate accountPrincipalPublic equity$736,771 heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Prin Core Plus Bond Sep Acct-Zseparate accountPrincipalFixed income$1.1M heldDisclosed holdingaskebsa.dol.gov
Size and funding
44 readings
Total assets
$682M Dec 31, 2025 reported Form 5500
$773M (2024-12) · $833M (2023-12) · $806M (2022-12)
Plan assets
$774M Jan 1, 2025 reported Form 5500
$833M (2024-01) · $806M (2023-01) · $1.1B (2022-01)
Net assets
$682M Dec 31, 2025 reported Form 5500
$773M (2024-12) · $833M (2023-12) · $806M (2022-12)
Funded ratio
80.4% Jan 1, 2025 reported Form 5500
89.1% (2024-01) · 86.2% (2023-01) · 103.7% (2022-01)
Funding target
$888M Jan 1, 2025 reported Form 5500
$883M (2024-01) · $848M (2023-01) · $802M (2022-01)
Discount rate
5.37% Jan 1, 2025 reported Form 5500
5.15% (2024-01) · 5.28% (2023-01) · 5.45% (2022-01)
Participants
5,523 Jan 1, 2025 reported Form 5500
5,530 (2024-01) · 5,564 (2023-01) · 5,631 (2022-01)
Contributions
$0 Dec 31, 2025 reported Form 5500
$0 (2024-12) · $786,263 (2023-12) · $0 (2022-12)
Benefits paid
$163M Dec 31, 2025 reported Form 5500
$45.8M (2024-12) · $42.4M (2023-12) · $40.0M (2022-12)
Net investment income
$-91.4M Dec 31, 2025 reported Form 5500
$-59.9M (2024-12) · $27.0M (2023-12) · $-292M (2022-12)
Investment management fees
$1.6M Dec 31, 2025 reported Form 5500
$1.6M (2024-12) · $1.4M (2023-12) · $1.4M (2022-12)
Form 5500 filings
4 plan years
Plan yearParticipantsAssets (SB market)Funding targetFTAPTotal assets (H)Partnerships / JVMaster trustReal estate
2025 to Dec 31, 20255,523$774M$888M80.4%$682Mn/a$676Mn/a
2024 to Dec 31, 20245,530$833M$883M89.1%$773Mn/a$767Mn/a
2023 to Dec 31, 20235,564$806M$848M86.2%$833Mn/a$826Mn/a
2022 to Dec 31, 20225,631$1.1B$802M103.7%$806Mn/a$799Mn/a
Service providers and investment entities as filed (Schedule C and D, latest year first)
What changed
7 events
  • Dec 31, 2025Consultant changedinference
    Towers Watson Delaware, Inc. appears on Andersen Corporation Employees' Pension and Retirement Plan's Schedule C as pension consultant (plan year 2025 vs 2024)
    with Willis Towers Watson US LLCaskebsa.dol.gov
  • Dec 31, 2025Assets changed
    Andersen Corporation Employees' Pension and Retirement Plan total assets $773M -> $682M (-11.8%, 2024-12-31 to 2025-12-31)
    askebsa.dol.gov
  • Jan 1, 2025Funded status changed
    Andersen Corporation Employees' Pension and Retirement Plan funded ratio 89.1% -> 80.4% (2024-01-01 to 2025-01-01)
    askebsa.dol.gov
  • Dec 31, 2024Holding started
    Andersen Corporation Employees' Pension and Retirement Plan first reports an interest in Prin Liquid Assets Sep Acct-Z (Principal): $5,424 at 2024-12-31
    with Principalaskebsa.dol.gov
  • Jan 1, 2024Funded status changed
    Andersen Corporation Employees' Pension and Retirement Plan funded ratio 86.2% -> 89.1% (2023-01-01 to 2024-01-01)
    askebsa.dol.gov
  • Jan 1, 2023Funded status changed
    Andersen Corporation Employees' Pension and Retirement Plan funded ratio 103.7% -> 86.2% (2022-01-01 to 2023-01-01)
    askebsa.dol.gov
  • Jan 1, 2023Assets changed
    Andersen Corporation Employees' Pension and Retirement Plan plan assets $1.1B -> $806M (-26.6%, 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 410123208-001
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.