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 Maryland State Education Association Pension Plan and Trust

Corporate pensionAnnapolis, MD
Assets
$54.1M
Total assets, Aug 31, 2025 reported
Funded
105.7%
Sep 1, 2024
Private markets target
n/a
policy Aug 31, 2025
Commitments
38
none on the tape
Plan sponsor: Maryland State Education Association, Inc.
Allocation policy
Form 5500, as of Aug 31, 2025
Actual allocation lines without a target (as filed)
  • Interest-bearing cash 2.5%
  • Non-interest-bearing cash 0.1%
  • 103-12 investment entities 1.2%
  • Common/collective trusts 96.1%
Consultants and advisers
3 firms
People
No investment staff or executives have been read for this allocator yet.
Manager roster
3 managers on the commitment tape
From the plan’s own commitment disclosures
Commitments
38 rows, 0 dated closings
Disclosed holdings (from the plan’s performance or holdings report, as of the report date)
DateFundManagerBucketAmountVintageStatusSource
as of Aug 31, 2025AON US Intermediate Governmentcollective trustAON Trust Company LLCPooled vehicles$5.5M heldDisclosed holdingaskebsa.dol.gov
as of Aug 31, 2025AON Small Cap Equity Index Fundcollective trustAON Trust Company LLCPublic equity$288,563 heldDisclosed holdingaskebsa.dol.gov
as of Aug 31, 2025AON Non-Us Equity Index Fundcollective trustAON Trust Company LLCPublic equity$948,973 heldDisclosed holdingaskebsa.dol.gov
as of Aug 31, 2025AON Large Cap Equity Index Fundcollective trustAON Trust Company LLCPublic equity$1.6M heldDisclosed holdingaskebsa.dol.gov
as of Aug 31, 2025AON Enhanced Liability Driven Invescollective trustAON Trust Company LLCPooled vehicles$8.4M heldDisclosed holdingaskebsa.dol.gov
as of Aug 31, 2025Nisa Ultra Mid Treasury Cifcollective trustGlobal Trust CompanyFixed income$383,707 heldDisclosed holdingaskebsa.dol.gov
as of Aug 31, 2025AON Global Real Estate Fundcollective trustAON Trust Company LLCReal estate$333,046 heldDisclosed holdingaskebsa.dol.gov
as of Aug 31, 2025AON Long Government Bond Index Fundcollective trustAON Trust Company LLCFixed income$1.6M heldDisclosed holdingaskebsa.dol.gov
as of Aug 31, 202520+ Yr U S Treas Stripscollective trustAON Trust Company LLCPooled vehicles$700,271 heldDisclosed holdingaskebsa.dol.gov
as of Aug 31, 2025AON Core Real Estate Fundcollective trustAON Trust Company LLCReal estate$704,703 heldDisclosed holdingaskebsa.dol.gov
as of Aug 31, 2025AON Multi-Asset Credit Fundcollective trustAON Trust Company LLCPrivate credit$792,108 heldDisclosed holdingaskebsa.dol.gov
as of Aug 31, 2025AON Return Enhancing Alt Portfolio103 12 ieAON Trust Company, LLCPooled vehicles$669,823 heldDisclosed holdingaskebsa.dol.gov
as of Aug 31, 2025AON Long Credit Bond Fundcollective trustAON Trust Company LLCPrivate credit$29.2M heldDisclosed holdingaskebsa.dol.gov
as of Aug 31, 2025AON Intermediate Credit Bond Fundcollective trustAON Trust Company LLCPrivate credit$1.6M heldDisclosed holdingaskebsa.dol.gov
as of Aug 31, 2024AON US Intermediate Governmentcollective trustAON Trust Company LLCPooled vehicles$3.3M heldDisclosed holdingaskebsa.dol.gov
as of Aug 31, 2024AON Small Cap Equity Index Fundcollective trustAON Trust Company LLCPublic equity$293,102 heldDisclosed holdingaskebsa.dol.gov
as of Aug 31, 2024AON Non-Us Equity Index Fundcollective trustAON Trust Company LLCPublic equity$1.1M heldDisclosed holdingaskebsa.dol.gov
as of Aug 31, 2024AON Large Cap Equity Index Fundcollective trustAON Trust Company LLCPublic equity$1.7M heldDisclosed holdingaskebsa.dol.gov
as of Aug 31, 2024State Street Intermediate U.S. Credcollective trustState Street - Russell 2000Pooled vehicles$5.3M heldDisclosed holdingaskebsa.dol.gov
as of Aug 31, 2024State Street U.S. Long Credit Bondcollective trustState Street Global Advisors TrustPrivate credit$30.3M heldDisclosed holdingaskebsa.dol.gov
as of Aug 31, 2024AON Global Real Estate Fundcollective trustAON Trust Company LLCReal estate$33,981 heldDisclosed holdingaskebsa.dol.gov
as of Aug 31, 2024AON Long Government Bond Index Fundcollective trustAON Trust Company LLCFixed income$4.7M heldDisclosed holdingaskebsa.dol.gov
as of Aug 31, 202420+ Yr U S Treas Stripscollective trustAON Trust Company LLCPooled vehicles$1.2M heldDisclosed holdingaskebsa.dol.gov
as of Aug 31, 2024AON Core Real Estate Fundcollective trustAON Trust Company LLCReal estate$678,837 heldDisclosed holdingaskebsa.dol.gov
as of Aug 31, 2024AON Multi-Asset Credit Fundcollective trustAON Trust Company LLCPrivate credit$733,101 heldDisclosed holdingaskebsa.dol.gov
as of Aug 31, 2024AON Return Enhancing Alt Portfolio103 12 ieAON Trust Company, LLCPooled vehicles$782,664 heldDisclosed holdingaskebsa.dol.gov
as of Aug 31, 2023AON US Intermediate Governmentcollective trustAON Trust Company LLCPooled vehicles$902,088 heldDisclosed holdingaskebsa.dol.gov
as of Aug 31, 2023AON Small Cap Equity Index Fundcollective trustAON Trust Company LLCPublic equity$509,955 heldDisclosed holdingaskebsa.dol.gov
as of Aug 31, 2023AON Non-Us Equity Index Fundcollective trustAON Trust Company LLCPublic equity$2.0M heldDisclosed holdingaskebsa.dol.gov
as of Aug 31, 2023AON Large Cap Equity Index Fundcollective trustAON Trust Company LLCPublic equity$2.9M heldDisclosed holdingaskebsa.dol.gov
as of Aug 31, 2023State Street Intermediate U.S. Credcollective trustState Street - Russell 2000Pooled vehicles$52,380 heldDisclosed holdingaskebsa.dol.gov
as of Aug 31, 2023State Street U.S. Long Credit Bondcollective trustState Street Global Advisors TrustPrivate credit$33.1M heldDisclosed holdingaskebsa.dol.gov
as of Aug 31, 2023AON Global Real Estate Fundcollective trustAON Trust Company LLCReal estate$189,300 heldDisclosed holdingaskebsa.dol.gov
as of Aug 31, 2023AON Long Government Bond Index Fundcollective trustAON Trust Company LLCFixed income$2.6M heldDisclosed holdingaskebsa.dol.gov
as of Aug 31, 202320+ Yr U S Treas Stripscollective trustAON Trust Company LLCPooled vehicles$44,547 heldDisclosed holdingaskebsa.dol.gov
as of Aug 31, 2023AON Core Real Estate Fundcollective trustAON Trust Company LLCReal estate$1.5M heldDisclosed holdingaskebsa.dol.gov
as of Aug 31, 2023AON Multi-Asset Credit Fundcollective trustAON Trust Company LLCPrivate credit$1.4M heldDisclosed holdingaskebsa.dol.gov
as of Aug 31, 2023AON Return Enhancing Alt Portfolio103 12 ieAON Trust Company, LLCPooled vehicles$1.2M heldDisclosed holdingaskebsa.dol.gov
Size and funding
33 readings
Total assets
$54.1M Aug 31, 2025 reported Form 5500
$52.7M (2024-08) · $47.1M (2023-08)
Plan assets
$50.8M Sep 1, 2024 reported Form 5500
$45.4M (2023-09) · $43.0M (2022-09)
Net assets
$54.1M Aug 31, 2025 reported Form 5500
$52.7M (2024-08) · $47.1M (2023-08)
Funded ratio
105.7% Sep 1, 2024 reported Form 5500
97.4% (2023-09) · 98.8% (2022-09)
Funding target
$37.3M Sep 1, 2024 reported Form 5500
$35.8M (2023-09) · $33.0M (2022-09)
Discount rate
5.42% Sep 1, 2024 reported Form 5500
5.33% (2023-09) · 5.50% (2022-09)
Participants
153 Sep 1, 2024 reported Form 5500
145 (2023-09) · 140 (2022-09)
Contributions
$2.5M Aug 31, 2025 reported Form 5500
$3.4M (2024-08) · $3.3M (2023-08)
Benefits paid
$2.2M Aug 31, 2025 reported Form 5500
$1.7M (2024-08) · $2.1M (2023-08)
Net investment income
$1.4M Aug 31, 2025 reported Form 5500
$5.6M (2024-08) · $1.9M (2023-08)
Investment management fees
$155,050 Aug 31, 2025 reported Form 5500
$154,723 (2024-08) · $152,257 (2023-08)
Form 5500 filings
3 plan years
Plan yearParticipantsAssets (SB market)Funding targetFTAPTotal assets (H)Partnerships / JVMaster trustReal estate
2024 to Aug 31, 2025153$50.8M$37.3M105.7%$54.1Mn/an/an/a
2023 to Aug 31, 2024145$45.4M$35.8M97.4%$52.7Mn/an/an/a
2022 to Aug 31, 2023140$43.0M$33.0M98.8%$47.1M$0n/an/a
Service providers and investment entities as filed (Schedule C and D, latest year first)
  • AON Investments USA, Inc. codes 27 28 50 51 52 $153,381 PY2024
  • Conrad Siegel codes 11 15 17 38 49 50 $32,664 PY2024
  • Calibre CPA Group PLLC codes 10 50 $20,000 PY2024
  • Sleven & Hart, P.C. codes 29 50 $15,692 PY2024
  • U.S. Bancorp codes 21 50 $14,701 PY2024
  • AON Enh Liability Driven Inv Sr Sched. D C $8.4M PY2024
  • Nisa Ta Clearing, Gntv Sched. D C $383,707 PY2024
  • AON Global Real Estate Fund Sched. D C $333,046 PY2024
  • AON US Long Govt Bd Index Fund Sched. D C $1.6M PY2024
  • AON 20 Year US Treasury Strips Sched. D C $700,271 PY2024
  • AON Core Real Estate Fund Sched. D C $704,703 PY2024
  • AON Multi-Asset Credit Fund Sched. D C $792,108 PY2024
  • AON Return Enhancing Alt Portfolio Sched. D E $669,823 PY2024
  • AON Long Credit Bond I Sched. D C $29.2M PY2024
  • AON Intermediate Credit Bond I Sched. D C $1.6M PY2024
  • AON US Intermediate Government Bond Sched. D C $5.5M PY2024
  • AON Small Cap Equity Index Fund Sched. D C $288,563 PY2024
  • AON Non-Us Equity Index Fund Sched. D C $948,973 PY2024
  • AON Large Cap Equity Index Fund Sched. D C $1.6M PY2024
  • Conrad Siegel codes 11 PY2024
  • AON Investments USA, Inc. codes 27 28 50 51 52 $144,461 PY2023
  • Conrad Siegel codes 11 15 17 38 49 50 $35,404 PY2023
  • Calibre CPA Group PLLC codes 10 50 $19,000 PY2023
  • Isler Dare, PC codes 29 50 $18,345 PY2023
  • U.S. Bancorp codes 21 50 $14,008 PY2023
  • State Street U.S. Long Credit Bond Sched. D C $30.3M PY2023
  • AON Global Real Estate Fund Sched. D C $33,981 PY2023
  • AON US Long Govt Bd Index Fund Sched. D C $4.7M PY2023
  • AON 20 Year US Treasury Strips Sched. D C $1.2M PY2023
  • AON Core Real Estate Fund Sched. D C $678,837 PY2023
  • AON Multi-Asset Credit Fund Sched. D C $733,101 PY2023
  • AON Return Enhancing Alt Portfolio Sched. D E $782,664 PY2023
  • AON US Intermediate Government Bond Sched. D C $3.3M PY2023
  • AON Small Cap Equity Index Fund Sched. D C $293,102 PY2023
  • AON Non-Us Equity Index Fund Sched. D C $1.1M PY2023
  • AON Large Cap Equity Index Fund Sched. D C $1.7M PY2023
  • State Street Intermediate U.S. Cred Sched. D C $5.3M PY2023
  • Conrad Siegel codes 11 PY2023
  • AON Investments USA, Inc. codes 27 28 50 51 52 $147,611 PY2022
  • Conrad Siegel codes 11 15 17 38 49 50 $36,018 PY2022
  • Isler Dare, PC codes 29 50 $20,354 PY2022
  • Calibre CPA Group PLLC codes 10 50 $17,850 PY2022
  • AON Large Cap Equity Index Fund Sched. D C $2.9M PY2022
  • State Street Intermediate U.S. Cred Sched. D C $52,380 PY2022
  • State Street U.S. Long Credit Bond Sched. D C $33.1M PY2022
  • AON Global Real Estate Fund Sched. D C $189,300 PY2022
  • AON US Long Govt Bd Index Fund Sched. D C $2.6M PY2022
  • AON 20 Year US Treasury Strips Sched. D C $44,547 PY2022
  • AON Core Real Estate Fund Sched. D C $1.5M PY2022
  • AON Multi-Asset Credit Fund Sched. D C $1.4M PY2022
  • AON Return Enhancing Alt Portfolio Sched. D E $1.2M PY2022
  • AON US Intermediate Government Bond Sched. D C $902,088 PY2022
  • AON Small Cap Equity Index Fund Sched. D C $509,955 PY2022
  • AON Non-Us Equity Index Fund Sched. D C $2.0M PY2022
  • Conrad Siegel codes 11 PY2022
What changed
9 events
  • Aug 31, 2025Holding started
    The Maryland State Education Association Pension Plan and Trust first reports an interest in AON Long Credit Bond Fund (AON Trust Company LLC): $29M at 2025-08-31
    with AON Trust Company LLCaskebsa.dol.gov
  • Aug 31, 2025Holding endedinference
    The Maryland State Education Association Pension Plan and Trust no longer reports State Street Intermediate U.S. Cred (State Street - Russell 2000) (last held $5M at 2024-08-31; absent from the 2025-08-31 filing)
    with State Street - Russell 2000askebsa.dol.gov
  • Aug 31, 2025Holding started
    The Maryland State Education Association Pension Plan and Trust first reports an interest in AON Enhanced Liability Driven Inves (AON Trust Company LLC): $8M at 2025-08-31
    with AON Trust Company LLCaskebsa.dol.gov
  • Aug 31, 2025Holding started
    The Maryland State Education Association Pension Plan and Trust first reports an interest in AON Intermediate Credit Bond Fund (AON Trust Company LLC): $2M at 2025-08-31
    with AON Trust Company LLCaskebsa.dol.gov
  • Aug 31, 2025Holding endedinference
    The Maryland State Education Association Pension Plan and Trust no longer reports State Street U.S. Long Credit Bond (State Street Global Advisors Trust) (last held $30M at 2024-08-31; absent from the 2025-08-31 filing)
    with State Street Global Advisors Trustaskebsa.dol.gov
  • Aug 31, 2025Holding started
    The Maryland State Education Association Pension Plan and Trust first reports an interest in Nisa Ultra Mid Treasury Cif: $383,707 at 2025-08-31
    with Nisa Ultra Mid Treasury Cifaskebsa.dol.gov
  • Sep 1, 2024Funded status changed
    The Maryland State Education Association Pension Plan and Trust funded ratio 97.4% -> 105.7% (2023-09-01 to 2024-09-01)
    askebsa.dol.gov
  • Sep 1, 2024Assets changed
    The Maryland State Education Association Pension Plan and Trust plan assets $45M -> $51M (+12.0%, 2023-09-01 to 2024-09-01)
    askebsa.dol.gov
  • Aug 31, 2024Assets changed
    The Maryland State Education Association Pension Plan and Trust total assets $47M -> $53M (+11.9%, 2023-08-31 to 2024-08-31)
    askebsa.dol.gov
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Provenance
Identifiers: EIN-PN 520607919-002
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.