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

Michael Best & Friedrich Employees' Pension Plan

Corporate pensionMilwaukee, WI
Assets
$62.8M
Total assets, Dec 31, 2024 reported
Funded
80.3%
Jan 1, 2024
Private markets target
n/a
policy Dec 31, 2024
Commitments
8
1 managers on Schedule C
Plan sponsor: Michael Best & Friedrich, LLP
Allocation policy
Form 5500, as of Dec 31, 2024
Actual allocation lines without a target (as filed)
  • Common/collective trusts 59.1%
  • Registered investment companies 40.9%
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
8 rows, 0 dated closings
Disclosed holdings (from the plan’s performance or holdings report, as of the report date)
DateFundManagerBucketAmountVintageStatusSource
as of Dec 31, 2024CIF II Tipscollective trustWellington FdFixed income$9.3M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Wtc-Cif II US Inv Grade Corp Long Bcollective trustWellington FdPooled vehicles$22.3M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Wtc-Cif II US Investment Grade Intecollective trustWellington FdPooled vehicles$1.9M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024WTC Cif II US Long Treasurycollective trustWellington FdFixed income$3.6M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023CIF II Tipscollective trustWellington FdFixed income$8.1M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Wtc-Cif II US Inv Grade Corp Long Bcollective trustWellington FdPooled vehicles$20.3M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Wtc-Cif II US Investment Grade Intecollective trustWellington FdPooled vehicles$1.6M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023WTC Cif II US Long Treasurycollective trustWellington FdFixed income$3.4M heldDisclosed holdingaskebsa.dol.gov
Size and funding
28 readings
Total assets
$62.8M Dec 31, 2024 reported Form 5500
$64.7M (2023-12) · $69.3M (2022-12)
Plan assets
$64.7M Jan 1, 2024 reported Form 5500
$69.3M (2023-01) · $93.4M (2022-01)
Net assets
$62.8M Dec 31, 2024 reported Form 5500
$64.7M (2023-12) · $69.3M (2022-12)
Funded ratio
80.3% Jan 1, 2024 reported Form 5500
81.7% (2023-01) · 94.5% (2022-01)
Funding target
$72.6M Jan 1, 2024 reported Form 5500
$79.5M (2023-01) · $76.2M (2022-01)
Discount rate
5.08% Jan 1, 2024 reported Form 5500
5.22% (2023-01) · 5.39% (2022-01)
Participants
340 Jan 1, 2024 reported Form 5500
407 (2023-01) · 414 (2022-01)
Benefits paid
$5.3M Dec 31, 2024 reported Form 5500
$13.1M (2023-12) · $4.8M (2022-12)
Net investment income
$-1.9M Dec 31, 2024 reported Form 5500
$-4.6M (2023-12) · $-24.1M (2022-12)
Investment management fees
$62,875 Dec 31, 2024 reported Form 5500
Form 5500 filings
3 plan years
Plan yearParticipantsAssets (SB market)Funding targetFTAPTotal assets (H)Partnerships / JVMaster trustReal estate
2024 to Dec 31, 2024340$64.7M$72.6M80.3%$62.8Mn/an/an/a
2023 to Dec 31, 2023407$69.3M$79.5M81.7%$64.7Mn/an/an/a
2022 to Dec 31, 2022414$93.4M$76.2M94.5%$69.3Mn/an/an/a
Service providers and investment entities as filed (Schedule C and D, latest year first)
  • Wellington Management codes 28 50 $62,875 PY2024
  • Transamerica Retirement Solutions codes 11 12 15 28 38 50 59 61 62 63 64 PY2024
  • CIF II US Inv Grade Corp Long Bond Sched. D C $22.3M PY2024
  • WTC Cif II US Long Treasury Port Sched. D C $3.6M PY2024
  • WTC Cif II US Investment Grade Sched. D C $1.9M PY2024
  • CIF II Tips Sched. D C $9.3M PY2024
  • Transamerica codes 11 PY2024
  • Transamerica Retirement Solutions codes 11 12 15 28 38 50 59 61 62 63 64 PY2023
  • CIF II US Inv Grade Corp Long Bond Sched. D C $20.3M PY2023
  • CIF II Tips Sched. D C $8.1M PY2023
  • WTC Cif II US Investment Grade Sched. D C $1.6M PY2023
  • WTC Cif II US Long Treasury Port Sched. D C $3.4M PY2023
  • Transamerica codes 11 PY2023
  • Transamerica Retirement Solutions codes 11 12 15 28 38 50 59 61 62 63 64 PY2022
  • National Financial Services codes 33 71 PY2022
  • Wilmingtonblackrock Mid Cap Equity Sched. D C PY2022
  • Wilmingtonblackrock Russell 1000 I Sched. D C PY2022
  • Wilmingtonblackrock Russell 2000 I Sched. D C PY2022
  • Wilmingtonblackrock 20 Year Treas Sched. D C PY2022
  • Transamerica codes 11 PY2022
What changed
3 events
  • Dec 31, 2024Manager relationship started
    Wellington Management appears on Michael Best & Friedrich Employees' Pension Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Wellington Managementaskebsa.dol.gov
  • Jan 1, 2023Funded status changed
    Michael Best & Friedrich Employees' Pension Plan funded ratio 94.5% -> 81.7% (2022-01-01 to 2023-01-01)
  • Jan 1, 2023Assets changed
    Michael Best & Friedrich Employees' Pension Plan plan assets $93M -> $69M (-25.8%, 2022-01-01 to 2023-01-01)
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Provenance
Identifiers: EIN-PN 390934985-003
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.