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

Umass Memorial Health Care Pension Plan

Corporate pensionWorcester, MA
Assets
$1.3B
Total assets, Sep 30, 2025 reported
Funded
83.5%
Oct 1, 2024
Private markets target
n/a
policy Sep 30, 2025
Commitments
23
4 managers on Schedule C
Plan sponsor: Umass Memorial Health Care, Inc.
Allocation policy
Form 5500, as of Sep 30, 2025
Actual allocation lines without a target (as filed)
  • Interest-bearing cash 0.0%
  • Corporate debt instruments (other) 1.1%
  • Corporate debt instruments (preferred) 1.4%
  • U.S. Government securities 0.2%
  • Other investments 0.1%
  • Partnership/joint venture interests 35.2%
  • 103-12 investment entities 9.5%
  • Common/collective trusts 33.9%
  • Registered investment companies 11.3%
  • Common stock 3.5%
Consultants and advisers
6 firms
People
No investment staff or executives have been read for this allocator yet.
Manager roster
7 managers on the commitment tape
From the plan’s own commitment disclosures
From Schedule C (investment management, code 28)
Commitments
23 rows, 0 dated closings
Disclosed holdings (from the plan’s performance or holdings report, as of the report date)
DateFundManagerBucketAmountVintageStatusSource
as of Sep 30, 2025Bnym Mellon Db Bd Mkt Stk Index Fdcollective trustBNY MellonPooled vehicles$216M heldDisclosed holdingaskebsa.dol.gov
as of Sep 30, 2025Ssga Long US Treasury Index Nl Fundcollective trustState Street - Russell 2000Fixed income$162M heldDisclosed holdingaskebsa.dol.gov
as of Sep 30, 2025State Street 20 Year U.S. Treasurycollective trustState Street Global Advisors TrustFixed income$26.3M heldDisclosed holdingaskebsa.dol.gov
as of Sep 30, 2025Polen Focus Gr Coll Inv Trustcollective trustSEI Trust CompanyPooled vehicles$33.6M heldDisclosed holdingaskebsa.dol.gov
as of Sep 30, 2025Global Alpha International Small CA103 12 ieGlobal Alpha Capital Management Ltd.Pooled vehicles$29.4M heldDisclosed holdingaskebsa.dol.gov
as of Sep 30, 2025IR & M Long Govt Credit Fund103 12 ieIr&m Long Gov't Credit Fund LLCPrivate credit$92.9M heldDisclosed holdingaskebsa.dol.gov
as of Sep 30, 2024Bnym Mellon Db Bd Mkt Stk Index Fdcollective trustBNY MellonPooled vehicles$174M heldDisclosed holdingaskebsa.dol.gov
as of Sep 30, 2024Ssga Long US Treasury Index Nl Fundcollective trustState Street - Russell 2000Fixed income$149M heldDisclosed holdingaskebsa.dol.gov
as of Sep 30, 2024State Street 20 Year U.S. Treasurycollective trustState Street Global Advisors TrustFixed income$29.5M heldDisclosed holdingaskebsa.dol.gov
as of Sep 30, 2024Polen Focus Gr Coll Inv Trustcollective trustSEI Trust CompanyPooled vehicles$31.0M heldDisclosed holdingaskebsa.dol.gov
as of Sep 30, 2024Global Alpha International Small CA103 12 ieGlobal Alpha Capital Management Ltd.Pooled vehicles$27.7M heldDisclosed holdingaskebsa.dol.gov
as of Sep 30, 2024Marathon-London Inter Invt Trust 1103 12 ieMarathon-London International InvesPooled vehicles$47.7M heldDisclosed holdingaskebsa.dol.gov
as of Sep 30, 2024IR & M Long Govt Credit Fund103 12 ieIr&m Long Gov't Credit Fund LLCPrivate credit$83.7M heldDisclosed holdingaskebsa.dol.gov
as of Sep 30, 2024NCS Group Trust - Global Fundcollective trustWalter Scott NcsPooled vehicles$39.5M heldDisclosed holdingaskebsa.dol.gov
as of Sep 30, 2023Bnym Mellon Db Bd Mkt Stk Index Fdcollective trustBNY MellonPooled vehicles$133M heldDisclosed holdingaskebsa.dol.gov
as of Sep 30, 2023Ssga Long US Treasury Index Nl Fundcollective trustState Street - Russell 2000Fixed income$52.5M heldDisclosed holdingaskebsa.dol.gov
as of Sep 30, 2023State Street 20 Year U.S. Treasurycollective trustState Street Global Advisors TrustFixed income$20.3M heldDisclosed holdingaskebsa.dol.gov
as of Sep 30, 2023Polen Focus Gr Coll Inv Trustcollective trustSEI Trust CompanyPooled vehicles$45.0M heldDisclosed holdingaskebsa.dol.gov
as of Sep 30, 2023Global Alpha International Small CA103 12 ieGlobal Alpha Capital Management Ltd.Pooled vehicles$25.9M heldDisclosed holdingaskebsa.dol.gov
as of Sep 30, 2023Marathon-London Inter Invt Trust 1103 12 ieMarathon-London International InvesPooled vehicles$42.1M heldDisclosed holdingaskebsa.dol.gov
as of Sep 30, 2023IR & M Long Govt Credit Fund103 12 ieIr&m Long Gov't Credit Fund LLCPrivate credit$54.2M heldDisclosed holdingaskebsa.dol.gov
as of Sep 30, 2023Acadian Emerging Markets Equity II103 12 ieAcadian Asset ManagementPublic equity$29.3M heldDisclosed holdingaskebsa.dol.gov
as of Sep 30, 2023NCS Group Trust - Global Fund103 12 ieWalter Scott NcsPooled vehicles$48.4M heldDisclosed holdingaskebsa.dol.gov
Size and funding
33 readings
Total assets
$1.3B Sep 30, 2025 reported Form 5500
$1.2B (2024-09) · $992M (2023-09)
Plan assets
$1.2B Oct 1, 2024 reported Form 5500
$989M (2023-10) · $929M (2022-10)
Net assets
$1.3B Sep 30, 2025 reported Form 5500
$1.2B (2024-09) · $990M (2023-09)
Funded ratio
83.5% Oct 1, 2024 reported Form 5500
84.0% (2023-10) · 86.4% (2022-10)
Funding target
$1.2B Oct 1, 2024 reported Form 5500
$1.2B (2023-10) · $1.1B (2022-10)
Discount rate
5.42% Oct 1, 2024 reported Form 5500
5.36% (2023-10) · 5.53% (2022-10)
Participants
13,636 Oct 1, 2024 reported Form 5500
12,909 (2023-10) · 12,485 (2022-10)
Contributions
$43.2M Sep 30, 2025 reported Form 5500
$120M (2024-09) · $41.0M (2023-09)
Benefits paid
$66.2M Sep 30, 2025 reported Form 5500
$61.9M (2024-09) · $72.5M (2023-09)
Net investment income
$58.4M Sep 30, 2025 reported Form 5500
$239M (2024-09) · $60.3M (2023-09)
Investment management fees
$2.1M Sep 30, 2025 reported Form 5500
$2.4M (2024-09) · $1.3M (2023-09)
Form 5500 filings
3 plan years
Plan yearParticipantsAssets (SB market)Funding targetFTAPTotal assets (H)Partnerships / JVMaster trustReal estate
2024 to Sep 30, 202513,636$1.2B$1.2B83.5%$1.3B$455Mn/an/a
2023 to Sep 30, 202412,909$989M$1.2B84.0%$1.2B$356Mn/an/a
2022 to Sep 30, 202312,485$929M$1.1B86.4%$992M$283M$0n/a
Service providers and investment entities as filed (Schedule C and D, latest year first)
What changed
15 events
  • Sep 30, 2025Holding endedinference
    Umass Memorial Health Care Pension Plan no longer reports NCS Group Trust - Global Fund (Walter Scott Ncs) (last held $39M at 2024-09-30; absent from the 2025-09-30 filing)
    with Walter Scott Ncsaskebsa.dol.gov
  • Sep 30, 2025Holding endedinference
    Umass Memorial Health Care Pension Plan no longer reports Marathon-London Inter Invt Trust 1 (Marathon-London International Inves) (last held $48M at 2024-09-30; absent from the 2025-09-30 filing)
    with Marathon-London International Invesaskebsa.dol.gov
  • Dec 31, 2024Consultant changedinference
    Willis Towers Watson US LLC appears on Umass Memorial Health Care Pension Plan's Schedule C as pension consultant (plan year 2024 vs 2023)
    with Willis Towers Watson US LLCaskebsa.dol.gov
  • Dec 31, 2024Consultant changedinference
    Nepc, LLC no longer appears on Umass Memorial Health Care Pension Plan's Schedule C as investment adviser (plan) (plan year 2024 vs 2023)
    with Nepc, LLCaskebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    Pacific Investment Management appears on Umass Memorial Health Care Pension Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Pacific Investmt Management Co LLCaskebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    Silchester International Investors appears on Umass Memorial Health Care Pension Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Silchester International Investorsaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    Bank of New York Mellon no longer appears on Umass Memorial Health Care Pension Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with BNY Mellonaskebsa.dol.gov
  • Oct 1, 2024Assets changed
    Umass Memorial Health Care Pension Plan plan assets $989M -> $1.2B (+23.9%, 2023-10-01 to 2024-10-01)
    askebsa.dol.gov
  • Sep 30, 2024Holding endedinference
    Umass Memorial Health Care Pension Plan no longer reports Acadian Emerging Markets Equity II (Acadian Asset Management) (last held $29M at 2023-09-30; absent from the 2024-09-30 filing)
    with Acadian Asset Managementaskebsa.dol.gov
  • Sep 30, 2024Assets changed
    Umass Memorial Health Care Pension Plan total assets $992M -> $1.2B (+24.8%, 2023-09-30 to 2024-09-30)
    askebsa.dol.gov
  • Dec 31, 2023Manager relationship started
    Cambridge Associates appears on Umass Memorial Health Care Pension Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Cambridge Associatesaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    Ryan Labs Inc. no longer appears on Umass Memorial Health Care Pension Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Ryan Labsaskebsa.dol.gov
  • Dec 31, 2023Manager relationship started
    Walter Scott & Partners Limited appears on Umass Memorial Health Care Pension Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Walter Scott & Partners Ltdaskebsa.dol.gov
  • Dec 31, 2023Manager relationship started
    State Street Global Advisors appears on Umass Memorial Health Care Pension Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with State Street Global Advisorsaskebsa.dol.gov
  • Oct 1, 2023Funded status changed
    Umass Memorial Health Care Pension Plan funded ratio 86.4% -> 84.0% (2022-10-01 to 2023-10-01)
    askebsa.dol.gov
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Provenance
Identifiers: EIN-PN 043358566-005
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.