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.

Taft-Hartley plan

Sheet Metal Workers Pension Plan of Northern California

Taft-Hartley planLivermore, CA
Assets
$1.6B
Total assets, Dec 31, 2024 reported
Funded
57.9%
Jan 1, 2024
Private markets target
n/a
policy Dec 31, 2024
Commitments
18
3 managers on Schedule C
Plan sponsor: Sheet Metal Workers Pension Trust
Allocation policy
Form 5500, as of Dec 31, 2024
Actual allocation lines without a target (as filed)
  • Interest-bearing cash 4.3%
  • Non-interest-bearing cash 0.0%
  • Corporate debt instruments (other) 6.1%
  • Corporate debt instruments (preferred) 0.2%
  • U.S. Government securities 6.2%
  • Other investments 2.2%
  • Partnership/joint venture interests 16.6%
  • 103-12 investment entities 5.4%
  • Common/collective trusts 27.1%
  • Registered investment companies 1.0%
  • Common stock 29.4%
  • Preferred stock 0.0%
Consultants and advisers
6 firms
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
From Schedule C (investment management, code 28)
Commitments
18 rows, 0 dated closings
Disclosed holdings (from the plan’s performance or holdings report, as of the report date)
DateFundManagerBucketAmountVintageStatusSource
as of Dec 31, 2024Legal & General S&p 400 Cit Fundcollective trustLegal and GeneralPooled vehicles$21.6M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Legal & General S&p 600 Cit Fundcollective trustLegal and GeneralPooled vehicles$52.3M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Legal & General Msci Acwi Ex US Citcollective trustLegal and GeneralPooled vehicles$45.5M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Legal & General S&p 500 Cit Fundcollective trustLegal and GeneralPooled vehicles$280M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Washington Capital Joint Master Tru103 12 ieWashington Capital Management, Inc.Pooled vehicles$86.0M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Victory Trivalent International Smacollective trustGlobal Trust CompanyPooled vehicles$32.4M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Legal & General S&p 400 Cit Fundcollective trustLegal and GeneralPooled vehicles$19.0M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Legal & General S&p 600 Cit Fundcollective trustLegal and GeneralPooled vehicles$32.6M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Legal & General Msci Acwi Ex US Citcollective trustLegal and GeneralPooled vehicles$44.2M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Legal & General S&p 500 Cit Fundcollective trustLegal and GeneralPooled vehicles$265M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Washington Capital Joint Master Tru103 12 ieWashington Capital Management, Inc.Pooled vehicles$88.5M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Victory Trivalent International Smacollective trustGlobal Trust CompanyPooled vehicles$30.8M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Legal & General S&p 400 Cit Fundcollective trustLegal and GeneralPooled vehicles$16.3M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Legal & General S&p 600 Cit Fundcollective trustLegal and GeneralPooled vehicles$28.1M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Legal & General Msci Acwi Ex US Citcollective trustLegal and GeneralPooled vehicles$38.3M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Legal & General S&p 500 Cit Fundcollective trustLegal and GeneralPooled vehicles$210M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Washington Capital Joint Master Tru103 12 ieWashington Capital Management, Inc.Pooled vehicles$98.0M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Victory Trivalent International Smacollective trustGlobal Trust CompanyPooled vehicles$26.7M heldDisclosed holdingaskebsa.dol.gov
Size and funding
30 readings
Total assets
$1.6B Dec 31, 2024 reported Form 5500
$1.5B (2023-12) · $1.4B (2022-12)
Plan assets
$1.5B Jan 1, 2024 reported Form 5500
$1.4B (2023-01) · $1.6B (2022-01)
Net assets
$1.6B Dec 31, 2024 reported Form 5500
$1.5B (2023-12) · $1.4B (2022-12)
Funded ratio
57.9% Jan 1, 2024 reported Form 5500
53.6% (2023-01) · 62.6% (2022-01)
Participants
12,868 Jan 1, 2024 reported Form 5500
12,837 (2023-01) · 12,061 (2022-01)
Contributions
$137M Dec 31, 2024 reported Form 5500
$138M (2023-12) · $133M (2022-12)
Benefits paid
$193M Dec 31, 2024 reported Form 5500
$187M (2023-12) · $183M (2022-12)
Net investment income
$73.4M Dec 31, 2024 reported Form 5500
$130M (2023-12) · $-205M (2022-12)
Investment management fees
$2.6M Dec 31, 2024 reported Form 5500
$4.0M (2023-12) · $3.8M (2022-12)
Form 5500 filings
3 plan years
Plan yearParticipantsAssets (SB market)Funding targetFTAPTotal assets (H)Partnerships / JVMaster trustReal estate
2024 to Dec 31, 202412,868n/an/an/a$1.6B$265Mn/an/a
2023 to Dec 31, 202312,837n/an/an/a$1.5B$256Mn/an/a
2022 to Dec 31, 202212,061n/an/an/a$1.4B$232Mn/an/a
Service providers and investment entities as filed (Schedule C and D, latest year first)
What changed
13 events
  • Dec 31, 2024Manager relationship endedinference
    Polen Capital Management LLC no longer appears on Sheet Metal Workers Pension Plan of Northern California's Schedule C as investment manager (plan year 2024 vs 2023)
    with Polen Capital Managementaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    Delaware Management Business Trust no longer appears on Sheet Metal Workers Pension Plan of Northern California's Schedule C as investment manager (plan year 2024 vs 2023)
    with Delaware Investmentsaskebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    US Bank appears on Sheet Metal Workers Pension Plan of Northern California's Schedule C as investment manager (plan year 2024 vs 2023)
    with US Bankaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    Chartwell Investment Partners, LLC no longer appears on Sheet Metal Workers Pension Plan of Northern California's Schedule C as investment manager (plan year 2024 vs 2023)
    with Chartwell Investment Partnersaskebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    J.P. Morgan Chase & Co appears on Sheet Metal Workers Pension Plan of Northern California's Schedule C as investment manager (plan year 2024 vs 2023)
    with J.P. Morgan Chase & Coaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    Legal & General Invmt Mgmt of Ameri no longer appears on Sheet Metal Workers Pension Plan of Northern California's Schedule C as investment manager (plan year 2024 vs 2023)
    with Legal & General Inv Mgmt Americaaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    Conrad Metlitsky Kane LLP no longer appears on Sheet Metal Workers Pension Plan of Northern California's Schedule C as investment manager (plan year 2024 vs 2023)
    with Conrad Metlitsky Kane LLPaskebsa.dol.gov
  • Jan 1, 2024Funded status changed
    Sheet Metal Workers Pension Plan of Northern California funded ratio 53.6% -> 57.9% (2023-01-01 to 2024-01-01)
    askebsa.dol.gov
  • Dec 31, 2023Manager relationship started
    Capfinancial Partners, LLC appears on Sheet Metal Workers Pension Plan of Northern California's Schedule C as investment manager (plan year 2023 vs 2022)
    with Capfinancial Partners, LLCaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    Slevin & Hart, P.C. no longer appears on Sheet Metal Workers Pension Plan of Northern California's Schedule C as investment manager (plan year 2023 vs 2022)
    with Board of Trustees 32bj North Pension Fundaskebsa.dol.gov
  • Dec 31, 2023Manager relationship started
    Sage Advisory appears on Sheet Metal Workers Pension Plan of Northern California's Schedule C as investment manager (plan year 2023 vs 2022)
    with Sage Advisory Services Ltd. Co.askebsa.dol.gov
  • Jan 1, 2023Funded status changed
    Sheet Metal Workers Pension Plan of Northern California funded ratio 62.6% -> 53.6% (2022-01-01 to 2023-01-01)
    askebsa.dol.gov
  • Jan 1, 2023Assets changed
    Sheet Metal Workers Pension Plan of Northern California plan assets $1.6B -> $1.4B (-12.9%, 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 516115939-001
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.