Puerto Rico Financial Retirement Plan
Corporate pension, based in Minneapolis, Minnesota, reporting $53.4M in assets, for 1,552 participants.
Composed from this allocator's classification, location and filed figures.
Nothing material in the last 90 days. Last change: 31 Dec 2023, Hewitt Associates no longer appears on Puerto Rico Financial Retirement Plan's Schedule C as pension consultant (plan year 2023 vs 2022).
1 more adviser and 12 more commitments
Every figure, date and source on this page is shown. The names behind them, and every related record, open with the complete profile.
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Capital path
who backs this record, through what, into what; each name opens its own path- State St US Bond Index Non-Lendin3 commitments
- State St S&p Midcap Index Non-Lend3 commitments
- State St Msci Eafe Ind Sec Lending3 commitments
- State Street Global Advisors Trust Company9 commitments
- State Street Global Advisors Trust6 commitments
Relationship network
19 connected entities15 observed commitments6 repeat counterpartiescommitments 2022 to 2024
From board minutes, annual reports, Form 5500 filings and public records of commitments, consultants and staff in the allocator graph. Commitment amounts are those the allocator disclosed; many are not printed, and none is estimated.
Some relationships on this record are counted rather than named here. They open with the full profile.
Click any name or line for the commitments and sources behind it. Line weight is commitments together; dashed lines are inferred.
- Sponsor
- Fund or vehicle
- Service provider
- Organization
›How strength and recency are read
Managers, funds and consultants are read from the commitments: three or more is a strong observed relationship, two a repeat counterparty. No consultant link is marked current on the source, so none is labelled current or former here. Related plans, people and plan service providers are ordered by what the filing shows.
Darker lines were active in the last 24 months or are current; lighter lines are older or undated.
Size, funding, policy and commitments, with their basesCorporate pensionShowHide
Allocation policy
- Non-interest-bearing cash 0.5%
- Common/collective trusts 99.4%
- Registered investment companies 0.1%
Consultants and advisers
- Aon Actuarythrough Dec 31, 2023 Form 5500
- Hewitt Associates Actuarythrough Dec 31, 2022 Form 5500
- Banco Popular de Puerto Rico Trusteethrough Dec 31, 2022 Form 5500
+1 more consultant or adviser advise this allocator
Every name, record and relationship behind this count, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
People
Manager roster
- State Street Global Advisors Trust Company9 rows, latest Dec 31, 2024
- State Street Global Advisors Trust6 rows, latest Dec 31, 2024
- State Street Global Advisorsplan years 2023
What changed
- Dec 31, 2023Manager relationship startedState Street Global Advisors appears on Puerto Rico Financial Retirement Plan's Schedule C as investment manager (plan year 2023 vs 2022)with State Street Global Advisorsaskebsa.dol.gov
- Dec 31, 2023Consultant changedinferenceHewitt Associates no longer appears on Puerto Rico Financial Retirement Plan's Schedule C as pension consultant (plan year 2023 vs 2022)with Hewitt Associatesaskebsa.dol.gov
- Dec 31, 2023Consultant changedinferenceAON Consulting, Inc. appears on Puerto Rico Financial Retirement Plan's Schedule C as pension consultant (plan year 2023 vs 2022)with Aonaskebsa.dol.gov
- Jan 1, 2023Funded status changedPuerto Rico Financial Retirement Plan funded ratio 105.7% -> 96.1% (2022-01-01 to 2023-01-01)
- Jan 1, 2023Assets changedPuerto Rico Financial Retirement Plan plan assets $61M -> $49M (-19.7%, 2022-01-01 to 2023-01-01)
Commitments
| Date | Fund | Manager | Bucket | Amount | Vintage | Status | Source |
|---|---|---|---|---|---|---|---|
| as of Dec 31, 2024 | State St US Bond Index Non-Lendincollective trust | State Street Global Advisors Trust | Fixed income | $24.1M held | Disclosed holding | askebsa.dol.gov | |
| as of Dec 31, 2024 | State St S&p Midcap Index Non-Lendcollective trust | State Street Global Advisors Trust | Pooled vehicles | $1.8M held | Disclosed holding | askebsa.dol.gov | |
| as of Dec 31, 2024 | State St Msci Eafe Ind Sec Lendingcollective trust | State Street Global Advisors Trust Company | Pooled vehicles | $11.1M held | Disclosed holding | askebsa.dol.gov |
+12 more commitments
Every fund and manager this allocator committed to, with the amount, date and source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Size and funding
Form 5500 filings
| Plan year | Participants | Assets (SB market) | Funding target | FTAP | Total assets (H) | Partnerships / JV | Master trust | Real estate |
|---|---|---|---|---|---|---|---|---|
| 2024 to Dec 31, 2024 | 1,552 | $52.3M | $52.6M | 96.3% | $53.4M | Not disclosed | Not disclosed | Not disclosed |
| 2023 to Dec 31, 2023 | 1,561 | $49.0M | $52.5M | 96.1% | $52.4M | Not disclosed | Not disclosed | Not disclosed |
| 2022 to Dec 31, 2022 | 1,564 | $61.0M | $51.3M | 105.7% | $49.0M | Not disclosed | Not disclosed | Not disclosed |
- AON Consulting, Inc. codes 11 13 17 38 $254,611 PY2024
- Banco Popular de Puerto Rico codes 15 21 $125,812 PY2024
- State Street Global Advisors codes 28 51 52 $2,192 PY2024
+25 more service providers
Every name, record and relationship behind this count, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Provenance
Provenance
Record history
- Manager relationship started2023-12-31source on record
- Consultant changed2023-12-31source on record
- Consultant changed2023-12-31source on record
+2 more changes on this record's ledger
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The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.
›Connections
every published relationship on the graph
+6 connections on the graph
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