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
Excellus Retirement Plan
Corporate pensionRochester, NY
Assets
$747M
Total assets, Dec 31, 2024 reported
Funded
94.7%
Jan 1, 2024
Private markets target
n/a
policy Dec 31, 2024
Commitments
3
none on the tape
Plan sponsor: Excellus Health Plan, Inc.
Allocation policy
Form 5500, as of Dec 31, 2024
Actual allocation lines without a target (as filed)
- 103-12 investment entities 100.0%
Consultants and advisers
4 firms
- L&s Ventures Pension consultantthrough Dec 31, 2022 Form 5500
- Northern Trust Co. Trusteethrough Dec 31, 2022 Form 5500
- Aon Actuarythrough Dec 31, 2022 Form 5500
- AON Consulting, Inc. Actuarythrough Dec 31, 2022 Form 5500
People
No investment staff or executives have been read for this allocator yet.
Manager roster
6 managers on Schedule C
From Schedule C (investment management, code 28)
- Mercer Investments LLCplan years 2022
- Legal & General Inv Mgmt Americaplan years 2022
- Nomura Corporate Research and Assetplan years 2022
- Metlife Investment Managementplan years 2022
- Blackrock Financial Management, Incplan years 2022
- Pimcoplan years 2022
Commitments
3 rows, 0 dated closings
Disclosed holdings (from the plan’s performance or holdings report, as of the report date)
| Date | Fund | Manager | Bucket | Amount | Vintage | Status | Source |
|---|---|---|---|---|---|---|---|
| as of Dec 31, 2024 | National Retirement Trust103 12 ie | Blue Cross and Blue Shield Assoc. | Pooled vehicles | $747M held | Disclosed holding | askebsa.dol.gov | |
| as of Dec 31, 2023 | National Retirement Trust103 12 ie | Blue Cross and Blue Shield Assoc. | Pooled vehicles | $787M held | Disclosed holding | askebsa.dol.gov | |
| as of Dec 31, 2022 | National Retirement Trust103 12 ie | Blue Cross and Blue Shield Assoc. | Pooled vehicles | $760M held | Disclosed holding | askebsa.dol.gov |
Size and funding
33 readings
Investment management fees
$789,357 (2023-12) · $801,658 (2022-12)
Form 5500 filings
3 plan years
| Plan year | Participants | Assets (SB market) | Funding target | FTAP | Total assets (H) | Partnerships / JV | Master trust | Real estate |
|---|---|---|---|---|---|---|---|---|
| 2024 to Dec 31, 2024 | 4,156 | $788M | $734M | 94.7% | $747M | n/a | n/a | n/a |
| 2023 to Dec 31, 2023 | 4,632 | $782M | $751M | 90.3% | $787M | n/a | n/a | n/a |
| 2022 to Dec 31, 2022 | 4,642 | $573M | $715M | 85.7% | $782M | n/a | n/a | n/a |
Service providers and investment entities as filed (Schedule C and D, latest year first)
- Mercer Investment Management codes 51 $810,561 PY2024
- Blue Cross Blue Shield Association codes 14 $335,822 PY2024
- Northern Trust Co codes 21 $212,756 PY2024
- Plante & Moran, PLLC codes 10 $96,560 PY2024
- AON Consulting codes 11 $46,814 PY2024
- Bloomberg Finance L.P. codes 72 $18,197 PY2024
- L&s Ventures codes 17 $10,331 PY2024
- Grant Thornton, LLP codes 10 $9,597 PY2024
- National Retirement Trust Sched. D E $747M PY2024
- AON Consulting, Inc. codes 11 PY2024
- Mercer Investment Management codes 51 $612,694 PY2023
- Blue Cross Blue Shield Association codes 14 $338,883 PY2023
- Northern Trust Company codes 21 $194,901 PY2023
- Grant Thornton, LLP codes 10 $91,189 PY2023
- Legal & General Investment codes 28 $69,979 PY2023
- Metlife Insurance codes 28 $52,966 PY2023
- AON Consulting codes 11 $52,506 PY2023
- Nomura Corporate codes 28 $27,214 PY2023
- Pacific Investment Management Co codes 28 $26,505 PY2023
- L&s Ventures codes 17 $18,123 PY2023
- Bloomberg Finance L.P. codes 72 $17,183 PY2023
- Morningstar, Inc. codes 72 $10,149 PY2023
- National Retirement Trust Sched. D E $787M PY2023
- AON Consulting, Inc. codes 11 PY2023
- Bartlit Beck LLP codes 29 $854,186 PY2022
- Pacific Investment Management Co codes 28 $378,550 PY2022
- Mercer Investment Management codes 51 $277,919 PY2022
- Northern Trust Company codes 21 $266,745 PY2022
- Blue Cross Blue Shield Association codes 14 $237,788 PY2022
- Legal & General Investment codes 28 $200,772 PY2022
- Nomura codes 28 $142,080 PY2022
- Capital Market Risk Advisors, Inc. codes 29 $106,432 PY2022
- Grant Thornton, LLP codes 10 $91,903 PY2022
- AON Consulting codes 11 $58,675 PY2022
- Lighthouse Document Technologies codes 29 $42,827 PY2022
- Metlife Investment Mgmt. codes 28 $41,683 PY2022
- Blackrock codes 28 $38,575 PY2022
- Bloomberg Finance L.P. codes 72 $15,118 PY2022
- Winston and Strawn codes 29 $13,086 PY2022
- Miller & Chevalier codes 29 $12,219 PY2022
- L&s Ventures codes 17 $11,647 PY2022
- Cornerstone Research, Inc. codes 29 $10,781 PY2022
- Workiva Inc codes 15 $10,070 PY2022
- Morningstar, Inc. codes 72 $8,741 PY2022
- Brown Neri Smith & Khan LLP codes 29 $6,894 PY2022
- National Retirement Trust Sched. D E $760M PY2022
- AON Consulting, Inc. codes 11 PY2022
What changed
8 events
- Dec 31, 2024Manager relationship endedinferencePacific Investment Management Co no longer appears on Excellus Retirement Plan's Schedule C as investment manager (plan year 2024 vs 2023)with Pimcoaskebsa.dol.gov
- Dec 31, 2024Manager relationship endedinferenceLegal & General Investment no longer appears on Excellus Retirement Plan's Schedule C as investment manager (plan year 2024 vs 2023)with Legal & General Inv Mgmt Americaaskebsa.dol.gov
- Dec 31, 2024Manager relationship endedinferenceMetlife Insurance no longer appears on Excellus Retirement Plan's Schedule C as investment manager (plan year 2024 vs 2023)with Metlife Investment Managementaskebsa.dol.gov
- Dec 31, 2024Manager relationship endedinferenceNomura Corporate no longer appears on Excellus Retirement Plan's Schedule C as investment manager (plan year 2024 vs 2023)with Nomura Corporate Research and Assetaskebsa.dol.gov
- Jan 1, 2024Funded status changedExcellus Retirement Plan funded ratio 90.3% -> 94.7% (2023-01-01 to 2024-01-01)
- Dec 31, 2023Manager relationship endedinferenceBlackrock no longer appears on Excellus Retirement Plan's Schedule C as investment manager (plan year 2023 vs 2022)with Blackrock Financial Management, Incaskebsa.dol.gov
- Jan 1, 2023Funded status changedExcellus Retirement Plan funded ratio 85.7% -> 90.3% (2022-01-01 to 2023-01-01)
- Jan 1, 2023Assets changedExcellus Retirement Plan plan assets $573M -> $782M (+36.7%, 2022-01-01 to 2023-01-01)
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Provenance
Identifiers: EIN-PN 150329043-001
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.