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

General Dynamics Retirement Plan (commercial)

Corporate pensionReston, VA
Assets
$1.8B
Total assets, Dec 31, 2024 reported
Funded
95.0%
Jan 1, 2024
Private markets target
n/a
policy Dec 31, 2024
Commitments
17
none on the tape
Plan sponsor: General Dynamics Corporation
Allocation policy
Form 5500, as of Dec 31, 2024
Actual allocation lines without a target (as filed)
  • Non-interest-bearing cash 0.0%
  • Common/collective trusts 96.5%
  • Master trust investment accounts 3.2%
  • Registered investment companies 0.1%
Consultants and advisers
5 firms
People
No investment staff or executives have been read for this allocator yet.
Manager roster
5 managers on the commitment tape
From the plan’s own commitment disclosures
From Schedule C (investment management, code 28)
Commitments
17 rows, 0 dated closings
Disclosed holdings (from the plan’s performance or holdings report, as of the report date)
DateFundManagerBucketAmountVintageStatusSource
as of Dec 31, 2024Amer Cent Corp High Yield Bd Tr Kcollective trustGlobal Trust CompanyFixed income$907,213 heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Developed Real Estate Idx N-L Fd Fcollective trustBlackrock Institutional Trust Company, N.A.Real estate$671,976 heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024High Yield Bond Fundcollective trustBlackrock Institutional Trust Company, N.A.Fixed income$588,494 heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Intermediate Govt Bond Index Fundcollective trustBlackrock Institutional Trust Co,naFixed income$182M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Long Duration Corporate Credit Screcollective trustBlackrock Long Duration CorporatePrivate credit$691M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Blackrock Long Term Govt Nl Indexcollective trustBlackrock Institutional Trust Company, N.A.Pooled vehicles$45.2M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Treasury U.S. 5 Year Key Rate Duratcollective trustBlackrock Institutional Trust Company, N.A.Fixed income$13.6M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Treasury US 10 Yr Key Rate Durationcollective trustBlackrock Institutional TrustFixed income$24.3M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Treasury US 15 Yr Key Rate Durationcollective trustBlackrock Institutional TrustFixed income$798,584 heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Treasury U.S. 20 Year Key Rate Duracollective trustBlackrockFixed income$431,112 heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024TSY U.S. 25+ Yr Key Rate Dur Nl Fdcollective trustBlackrockPooled vehicles$20.3M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024US Long Credit Bond Fundcollective trustBlackrock Institutional Trust Company, N.A.Private credit$282M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024NTC Emer Mkt Ex China Inv Mkt Id Nlcollective trustNorthern Trust Collective Eafe IndePooled vehicles$51,640 heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024NT Collective Govt Short Term Invtcollective trustNorthern Trust Collective Eafe IndeCash$45.1M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Ntgi Russell 1000 Index Fundcollective trustNorthern Trust Collective Eafe IndePooled vehicles$6.5M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024NTC World Ex US Inv Mkt Ind Fd-Lendcollective trustNorthern Trust Collective Eafe IndePooled vehicles$3.4M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Pimco Long-Term Credit Bd Cit Cl Gdcollective trustGreat Gray Trust Company, LLCPrivate credit$424M heldDisclosed holdingaskebsa.dol.gov
Size and funding
33 readings
Total assets
$1.8B Dec 31, 2024 reported Form 5500
$1.9B (2023-12) · $1.9B (2022-12)
Plan assets
$1.9B Jan 1, 2024 reported Form 5500
$1.9B (2023-01) · $2.4B (2022-01)
Net assets
$1.8B Dec 31, 2024 reported Form 5500
$1.9B (2023-12) · $1.9B (2022-12)
Funded ratio
95.0% Jan 1, 2024 reported Form 5500
91.9% (2023-01) · 104.5% (2022-01)
Funding target
$1.9B Jan 1, 2024 reported Form 5500
$2.0B (2023-01) · $1.9B (2022-01)
Discount rate
5.15% Jan 1, 2024 reported Form 5500
5.06% (2023-01) · 5.47% (2022-01)
Participants
10,683 Jan 1, 2024 reported Form 5500
11,620 (2023-01) · 11,741 (2022-01)
Contributions
$0 Dec 31, 2024 reported Form 5500
$0 (2023-12) · $91.5M (2022-12)
Benefits paid
$105M Dec 31, 2024 reported Form 5500
$120M (2023-12) · $92.1M (2022-12)
Net investment income
$-144M Dec 31, 2024 reported Form 5500
$26.9M (2023-12) · $-460M (2022-12)
Investment management fees
$2.2M Dec 31, 2024 reported Form 5500
$1.0M (2023-12) · $1.8M (2022-12)
Form 5500 filings
3 plan years
Plan yearParticipantsAssets (SB market)Funding targetFTAPTotal assets (H)Partnerships / JVMaster trustReal estate
2024 to Dec 31, 202410,683$1.9B$1.9B95.0%$1.8Bn/a$58.2Mn/a
2023 to Dec 31, 202311,620$1.9B$2.0B91.9%$1.9Bn/a$1.9Bn/a
2022 to Dec 31, 202211,741$2.4B$1.9B104.5%$1.9Bn/a$1.8Bn/a
Service providers and investment entities as filed (Schedule C and D, latest year first)
  • AON Consulting, Inc. codes 11 16 50 $2.6M PY2024
  • Pacific Investment Mgmt Co Ll codes 28 50 51 $1.1M PY2024
  • Blackrock Financial Management, Inc codes 28 50 51 $1.1M PY2024
  • Fidelity Inv. Inst. Ops. Co. LLC codes 13 15 38 50 64 $730,151 PY2024
  • Kpmg LLP codes 10 50 $73,500 PY2024
  • The Northern Trust Company codes 21 25 50 62 65 99 $23,855 PY2024
  • Jenner & Block LLP codes 29 50 $14,095 PY2024
  • Crowe LLP codes 10 16 50 $9,818 PY2024
  • Long Dur Corp Credit Screened Nl Fd Sched. D C $691M PY2024
  • Long Term Gov Bond Index N-L Fd Sched. D C $45.2M PY2024
  • Treas US 5 Year Key Rate Dur N-L Fd Sched. D C $13.6M PY2024
  • Treas US 10 Year Key Rate Dur N-L a Sched. D C $24.3M PY2024
  • Tres US 15 Year Key Rate Dur N-L Fd Sched. D C $798,584 PY2024
  • Tres US 20 Year Key Rate Dur N-L Fd Sched. D C $431,112 PY2024
  • Tres US 25+ Year Key Rate Dur N-L F Sched. D C $20.3M PY2024
  • US Long Credit Bond Fund Sched. D C $282M PY2024
  • NTC Emer Mkt Ex China Inv Mkt Id Nl Sched. D C $51,640 PY2024
  • NT Coll Government Stif Sched. D C $45.1M PY2024
  • NTC Russell 1000 Ind Fd - Lending Sched. D C $6.5M PY2024
  • NTC World Ex US Inv Mkt Ind Fd-Lend Sched. D C $3.4M PY2024
  • GDC Grp Ret Trust - Commercial Pool Sched. D M PY2024
  • GDC Grp Ret Trust - Csra Pool Sched. D M $52,490 PY2024
  • Pimco Long-Term Credit Bd Cit Cl Gd Sched. D C $424M PY2024
  • GDC Grp Rettrust-Liability Aware Pl Sched. D M $2,528 PY2024
  • GDC Grp Ret Trust-Diversifying Pool Sched. D M $58.2M PY2024
  • GDC Grp Ret Trust-Nomura Pool Sched. D M $2,537 PY2024
  • Amer Cent High Yield Corp Bd Tr K Sched. D C $907,213 PY2024
  • Developed Real Estate Idx N-L Fd F Sched. D C $671,976 PY2024
  • High Yield Bond Fund Sched. D C $588,494 PY2024
  • Intermediate Gov Bd Index Fund Sched. D C $182M PY2024
  • AON Consulting, Inc. codes 11 PY2024
  • AON Consulting, Inc. codes 11 16 50 $2.5M PY2023
  • Blackrock Financial Management, Inc codes 28 50 51 $1.1M PY2023
  • Fidelity Inv. Inst. Ops. Co. LLC codes 13 15 38 50 64 $1.0M PY2023
  • The Northern Trust Company codes 21 25 50 62 65 99 $108,399 PY2023
  • Kpmg LLP codes 10 50 $70,000 PY2023
  • Jenner & Block LLP codes 29 50 $32,755 PY2023
  • Crowe LLP codes 10 16 50 $9,301 PY2023
  • GDC Grp Rettrust-Liability Aware Pl Sched. D M $102,365 PY2023
  • GDC Grp Ret Trust-Equity Pool Sched. D M PY2023
  • GDC Grp Ret Trust-Nomura Pool Sched. D M $1,219 PY2023
  • GDC Grp Ret Trust-Commercial Pool Sched. D M $1.8B PY2023
  • GDC Grp Ret Trust-Diversifying Pool Sched. D M $84.6M PY2023
  • AON Consulting, Inc. codes 11 PY2023
  • AON Consulting, Inc. codes 11 16 50 $1.1M PY2022
  • Blackrock Financial Management, Inc codes 28 50 51 $1.1M PY2022
  • Fidelity Inv. Inst. Ops. Co. LLC codes 13 15 38 50 64 $636,603 PY2022
  • Pacific Investment Mgmt Co LLC codes 28 50 51 $549,925 PY2022
  • The Northern Trust Company codes 21 25 50 62 65 99 $425,881 PY2022
  • Dodge & Cox codes 28 50 51 68 $203,314 PY2022
  • Nomura Corp Rsrch and Asset Mgmt in codes 27 28 50 51 $128,782 PY2022
  • Dimensional Fund Advisors LP codes 28 50 51 52 $112,587 PY2022
  • Kpmg LLP codes 10 50 $70,000 PY2022
  • Crowe LLP codes 10 16 50 $8,668 PY2022
  • GDC Grp Ret Trust-Equity Pool Sched. D M $1,710 PY2022
  • GDC Grp Ret Trust-Diversifying Pool Sched. D M $131M PY2022
  • GDC Grp Rettrust-Liability Aware Pl Sched. D M $1.7M PY2022
  • GDC Grp Ret Trust-Commercial Pool Sched. D M $1.7B PY2022
  • GDC Grp Ret Trust-Nomura Pool Sched. D M $380,100 PY2022
  • AON Consulting, Inc. codes 11 PY2022
What changed
8 events
  • Dec 31, 2024Manager relationship started
    Pacific Investment Mgmt Co Ll appears on General Dynamics Retirement Plan (commercial)'s Schedule C as investment manager (plan year 2024 vs 2023)
    with Pacific Investmt Management Co LLCaskebsa.dol.gov
  • Jan 1, 2024Funded status changed
    General Dynamics Retirement Plan (commercial) funded ratio 91.9% -> 95.0% (2023-01-01 to 2024-01-01)
    askebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    Nomura Corp Rsrch and Asset Mgmt in no longer appears on General Dynamics Retirement Plan (commercial)'s Schedule C as investment manager (plan year 2023 vs 2022)
    with Nomura Corporate Research and Assetaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    Dodge & Cox no longer appears on General Dynamics Retirement Plan (commercial)'s Schedule C as investment manager (plan year 2023 vs 2022)
    with Dodge & Coxaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    Dimensional Fund Advisors LP no longer appears on General Dynamics Retirement Plan (commercial)'s Schedule C as investment manager (plan year 2023 vs 2022)
    with Dimensional Fund Advisors, LPaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    Pacific Investment Mgmt Co LLC no longer appears on General Dynamics Retirement Plan (commercial)'s Schedule C as investment manager (plan year 2023 vs 2022)
    with Pacific Investmt Management Co LLCaskebsa.dol.gov
  • Jan 1, 2023Funded status changed
    General Dynamics Retirement Plan (commercial) funded ratio 104.5% -> 91.9% (2022-01-01 to 2023-01-01)
    askebsa.dol.gov
  • Jan 1, 2023Assets changed
    General Dynamics Retirement Plan (commercial) plan assets $2.4B -> $1.9B (-19.1%, 2022-01-01 to 2023-01-01)
    askebsa.dol.gov
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Provenance
Identifiers: EIN-PN 131673581-002
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.