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

UPS Retirement Plan

Corporate pensionAtlanta, GA
Assets
$21B
Total assets, Dec 31, 2024 reported
Funded
81.5%
Jan 1, 2024
Private markets target
n/a
policy Dec 31, 2024
Commitments
1
2 managers on Schedule C
Plan sponsor: United Parcel Service of America, Inc.
Allocation policy
Form 5500, as of Dec 31, 2024
Actual allocation lines without a target (as filed)
  • Interest-bearing cash 0.0%
  • Master trust investment accounts 98.8%
  • Registered investment companies 0.3%
Consultants and advisers
8 firms
People
No investment staff or executives have been read for this allocator yet.
Manager roster
5 managers on Schedule C
From Schedule C (investment management, code 28)
Commitments
1 rows, 0 dated closings
Disclosed holdings (from the plan’s performance or holdings report, as of the report date)
DateFundManagerBucketAmountVintageStatusSource
as of Dec 31, 2024UPS Group Trust Plancollective trustUnited Parcel Service of AmericaPooled vehicles$21B heldDisclosed holdingaskebsa.dol.gov
Size and funding
21 readings
Total assets
$21B Dec 31, 2024 reported Form 5500
$22B (2022-12)
Plan assets
$23B Jan 1, 2024 reported Form 5500
$30B (2022-01)
Net assets
$21B Dec 31, 2024 reported Form 5500
$22B (2022-12)
Funded ratio
81.5% Jan 1, 2024 reported Form 5500
94.0% (2022-01)
Funding target
$26B Jan 1, 2024 reported Form 5500
$24B (2022-01)
Discount rate
5.17% Jan 1, 2024 reported Form 5500
5.48% (2022-01)
Participants
147,029 Jan 1, 2024 reported Form 5500
152,178 (2022-01)
Contributions
$229M Dec 31, 2024 reported Form 5500
$458M (2022-12)
Benefits paid
$1.4B Dec 31, 2024 reported Form 5500
$1.3B (2022-12)
Net investment income
$-1.5B Dec 31, 2024 reported Form 5500
$-8.1B (2022-12)
Investment management fees
$683,552 Dec 31, 2024 reported Form 5500
Form 5500 filings
2 plan years
Plan yearParticipantsAssets (SB market)Funding targetFTAPTotal assets (H)Partnerships / JVMaster trustReal estate
2024 to Dec 31, 2024147,029$23B$26B81.5%$21Bn/a$21Bn/a
2022 to Dec 31, 2022152,178$30B$24B94.0%$22Bn/a$22Bn/a
Service providers and investment entities as filed (Schedule C and D, latest year first)
  • Willis Towers Watson US LLC codes 16 50 $2.6M PY2024
  • The Bank of New York Mellon codes 18 28 50 $1.4M PY2024
  • CVS Pharmacy, Inc codes 50 65 $1.3M PY2024
  • Alston & Bird LLP codes 29 36 50 $568,510 PY2024
  • Nisa Investment Advisors codes 28 50 $545,651 PY2024
  • Conduent Incorporated codes 36 50 $384,333 PY2024
  • Bloomberg Finance LP codes 50 $252,321 PY2024
  • Blackrock Financial codes 50 $217,415 PY2024
  • PWC US Tax LLP codes 16 50 $187,526 PY2024
  • RR Donnelley codes 36 50 $174,054 PY2024
  • Mercer (US), Inc. codes 16 50 $140,000 PY2024
  • Deloitte Tax LLP codes 16 36 50 $128,248 PY2024
  • Qdro Benefits Firm codes 29 50 $120,005 PY2024
  • Securian Life Insurance codes 50 53 $109,201 PY2024
  • State Street Global Advisors codes 36 50 $100,000 PY2024
  • AON Consulting Inc. codes 36 50 $79,967 PY2024
  • Pension Benefit Information codes 49 50 $61,000 PY2024
  • Factset Research Systems, Inc. codes 36 50 $50,398 PY2024
  • Evive Health LLC codes 36 50 $48,949 PY2024
  • Ridgeworth Capital Management codes 28 50 $44,230 PY2024
  • K & L Gates, LLP codes 29 50 $42,766 PY2024
  • Proskauer Rose, LLP codes 29 50 $36,639 PY2024
  • Evestment Inc and Subsidiaries codes 36 50 $30,205 PY2024
  • 4c Health Solutions Inc codes 36 50 $23,734 PY2024
  • Diligend, Inc. codes 49 50 $16,456 PY2024
  • Msci, Inc. codes 36 50 $8,253 PY2024
  • West Publishing Corporation codes 36 50 $5,403 PY2024
  • FX Transparency, LLC codes 36 50 $5,007 PY2024
  • UPS Group Trust Plan Sched. D C $21B PY2024
  • Willis Towers Watson US LLC codes 11 PY2024
  • Towers Watson Delaware codes 16 50 $7.1M PY2022
  • The Bank of New York Mellon codes 18 50 $1.1M PY2022
  • Conduent Incorporated codes 36 50 $517,175 PY2022
  • Securian Life Insurance codes 22 23 51 $309,978 PY2022
  • AON Consulting Inc. codes 11 17 50 $218,340 PY2022
  • Alston & Bird, LLP codes 29 50 $184,917 PY2022
  • Evive Health, LLC codes 15 51 $170,338 PY2022
  • Qdro Benefits Firm codes 29 36 $98,222 PY2022
  • RR Donnelley codes 36 53 $88,406 PY2022
  • Deloitte & Touche, LLP codes 16 50 $67,350 PY2022
  • Direct Technologies, Inc codes 36 50 $65,700 PY2022
  • Pension Benefit Information codes 16 36 50 $10,844 PY2022
  • Alere Wellbeing, Inc codes 26 51 $7,078 PY2022
  • UPS Group Trust Plan Sched. D M $22B PY2022
  • Willis Towers Watson US LLC codes 11 PY2022
What changed
2 events
  • Jan 1, 2024Funded status changed
    UPS Retirement Plan funded ratio 94.0% -> 81.5% (2022-01-01 to 2024-01-01)
  • Jan 1, 2024Assets changed
    UPS Retirement Plan plan assets $30.0B -> $22.7B (-24.6%, 2022-01-01 to 2024-01-01)
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Provenance
Identifiers: EIN-PN 951732075-001
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.