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

Capital One Financial Corporation Cash Balance Pension Plan

Corporate pensionMclean, VA

Assets

$247M

Total assets, Dec 31, 2024 reported

Funded

152.1%

Jan 1, 2024

Private markets target

n/a

policy Dec 31, 2024

Commitments

none on the tape

Plan sponsor: Capital One Financial Corporation

Allocation policy

Form 5500, as of Dec 31, 2024

Actual allocation lines without a target (as filed)

Interest-bearing cash 0.6%
Common/collective trusts 99.4%

Consultants and advisers

2 firms

Mercer Actuarythrough Dec 31, 2022 Form 5500
State Street Bank & Trust Company Custodianthrough Dec 31, 2022 Form 5500

People

No investment staff or executives have been read for this allocator yet.

Manager roster

2 managers on the commitment tape

From the plan’s own commitment disclosures

State Street - Russell 20002 rows, latest Dec 31, 2023
State Street Global Advisors Trust1 rows, latest Dec 31, 2024

From Schedule C (investment management, code 28)

Mercer Investments LLCplan years 2022

Commitments

28 rows, 0 dated closings

Disclosed holdings (from the plan’s performance or holdings report, as of the report date)

Date	Fund	Manager	Bucket	Amount	Status	Source
as of Dec 31, 2024	CF Ssga Intermediate US Govt Bond Icollective trust	State Street Global Advisors Trust	Fixed income	$41.3M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2024	Mercer Emerging Markets Equity Portcollective trust	Mercer Trust Company	Public equity	$7.7M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2024	Mercer US Small/mid Cap Equity Portcollective trust	Mercer Trust Company	Public equity	$6.0M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2024	Mercer US Large Cap Core Passive Eqcollective trust	Mercer Trust Company	Public equity	$38.1M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2024	Mercer Non-Us Core Equity Portfoliocollective trust	Mercer Trust Company	Public equity	$17.4M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2024	Mercer Global Low Volatility Equitycollective trust	Mercer Trust Company	Public equity	$3.0M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2024	Mercer Active Long Corporate Fixedcollective trust	Mercer Trust Company	Fixed income	$5.2M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2024	Mercer Opportunistic Fixed Incomecollective trust	Mercer Trust Company	Hedge / diversifiers	$8.1M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2024	Mercer Active Intermediate Credit Fcollective trust	Mercer Trust Company	Private credit	$118M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	Ssga Intermed U.S. Govt Bond Indxcollective trust	State Street - Russell 2000	Fixed income	$34.8M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	Mercer Emerging Markets Equity Portcollective trust	Mercer Trust Company	Public equity	$11.3M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	Mercer US Small/mid Cap Equity Portcollective trust	Mercer Trust Company	Public equity	$7.2M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	Mercer US Large Cap Core Passive Eqcollective trust	Mercer Trust Company	Public equity	$26.3M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	Mercer Non-Us Core Equity Portfoliocollective trust	Mercer Trust Company	Public equity	$17.3M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	Mercer Global Low Volatility Equitycollective trust	Mercer Trust Company	Public equity	$11.0M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	Mercer Active Long Corporate Fixedcollective trust	Mercer Trust Company	Fixed income	$12.5M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	Mercer Opportunistic Fixed Incomecollective trust	Mercer Trust Company	Hedge / diversifiers	$8.0M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	Mercer Active Intermediate Credit Fcollective trust	Mercer Trust Company	Private credit	$111M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	Mercer Passive Long Government Fixecollective trust	Mercer Trust Company	Pooled vehicles	$6.2M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	Ssga Intermed U.S. Govt Bond Indxcollective trust	State Street - Russell 2000	Fixed income	$22.7M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	Mercer Emerging Markets Equity Portcollective trust	Mercer Trust Company	Public equity	$10.4M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	Mercer US Small/mid Cap Equity Portcollective trust	Mercer Trust Company	Public equity	$6.5M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	Mercer US Large Cap Core Passive Eqcollective trust	Mercer Trust Company	Public equity	$24.0M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	Mercer Non-Us Core Equity Portfoliocollective trust	Mercer Trust Company	Public equity	$16.3M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	Mercer Global Low Volatility Equitycollective trust	Mercer Trust Company	Public equity	$10.5M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	Mercer Active Long Corporate Fixedcollective trust	Mercer Trust Company	Fixed income	$25.9M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	Mercer Opportunistic Fixed Incomecollective trust	Mercer Trust Company	Hedge / diversifiers	$7.7M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	Mercer Active Intermediate Credit Fcollective trust	Mercer Trust Company	Private credit	$94.9M held	Disclosed holding	askebsa.dol.gov

Size and funding

33 readings

Total assets

$247M Dec 31, 2024 reported Form 5500

$241M (2023-12) · $227M (2022-12)

Plan assets

$235M Jan 1, 2024 reported Form 5500

$222M (2023-01) · $273M (2022-01)

Net assets

$247M Dec 31, 2024 reported Form 5500

$241M (2023-12) · $227M (2022-12)

Funded ratio

152.1% Jan 1, 2024 reported Form 5500

153.5% (2023-01) · 168.1% (2022-01)

Funding target

$113M Jan 1, 2024 reported Form 5500

$115M (2023-01) · $112M (2022-01)

Discount rate

5.05% Jan 1, 2024 reported Form 5500

5.18% (2023-01) · 5.37% (2022-01)

Participants

3,287 Jan 1, 2024 reported Form 5500

3,383 (2023-01) · 3,505 (2022-01)

Contributions

$0 Dec 31, 2024 reported Form 5500

$0 (2023-12) · $0 (2022-12)

Benefits paid

$9.4M Dec 31, 2024 reported Form 5500

$8.3M (2023-12) · $8.7M (2022-12)

Net investment income

$5.8M Dec 31, 2024 reported Form 5500

$14.2M (2023-12) · $-52.4M (2022-12)

Investment management fees

$367,878 Dec 31, 2024 reported Form 5500

$351,249 (2023-12) · $756,186 (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	3,287	$235M	$113M	152.1%	$247M	n/a	n/a	n/a
2023 to Dec 31, 2023	3,383	$222M	$115M	153.5%	$241M	n/a	n/a	n/a
2022 to Dec 31, 2022	3,505	$273M	$112M	168.1%	$227M	n/a	n/a	n/a

Service providers and investment entities as filed (Schedule C and D, latest year first)

Mercer codes 11 $468,128 PY2024
Mercer Investments LLC codes 51 52 $362,258 PY2024
State Street Global Advisors codes 19 28 62 63 99 $75,060 PY2024
Mercer US Small/mid Cap Equity Sched. D C $6.0M PY2024
Mercer US Large Cap Core Passive Eq Sched. D C $38.1M PY2024
Mercer Non-Us Core Equity Sched. D C $17.4M PY2024
Mercer Global Low Volatility Equity Sched. D C $3.0M PY2024
Mercer Opportunistic Fixed Income Sched. D C $8.1M PY2024
Mercer Active Intermed Credit Fixed Sched. D C $118M PY2024
Mercer Active Long Corporate Fixed Sched. D C $5.2M PY2024
Intermediate US Govt Bond Indx Sched. D C $41.3M PY2024
Mercer Emerging Markets Equity Sched. D C $7.7M PY2024
Mercer codes 11 PY2024
Mercer codes 11 $537,347 PY2023
Mercer Investments LLC codes 51 52 $347,276 PY2023
State Street Global Advisors codes 19 28 62 63 99 $105,993 PY2023
Mercer Passive Long Fixed Income Sched. D C PY2023
Intermediate US Govt Bond Indx Sched. D C $34.8M PY2023
Mercer Emerging Markets Equity Sched. D C $11.3M PY2023
Mercer US Small/mid Cap Equity Sched. D C $7.2M PY2023
Mercer US Large Cap Core Passive Eq Sched. D C $26.3M PY2023
Mercer Non-Us Core Equity Sched. D C $17.3M PY2023
Mercer Global Low Volatility Equity Sched. D C $11.0M PY2023
Mercer Active Long Corporate Fixed Sched. D C $12.5M PY2023
Mercer Opportunistic Fixed Income Sched. D C $8.0M PY2023
Mercer Active Intermed Credit Fixed Sched. D C $111M PY2023
Mercer codes 11 PY2023
Mercer Investments LLC codes 51 52 $752,827 PY2022
Mercer codes 11 $619,714 PY2022
State Street Global Advisors codes 19 28 62 63 99 $79,263 PY2022
Mercer Passive Long Fixed Income Sched. D C $6.2M PY2022
Intermediate US Govt Bond Indx Sched. D C $22.7M PY2022
Mercer Emerging Markets Equity Sched. D C $10.4M PY2022
Mercer US Small/mid Cap Equity Sched. D C $6.5M PY2022
Mercer US Large Cap Core Passive Eq Sched. D C $24.0M PY2022
Mercer Non-Us Core Equity Sched. D C $16.3M PY2022
Mercer Global Low Volatility Equity Sched. D C $10.5M PY2022
Mercer Active Long Corporate Fixed Sched. D C $25.9M PY2022
Mercer Opportunistic Fixed Income Sched. D C $7.7M PY2022
Mercer Active Intermed Credit Fixed Sched. D C $94.9M PY2022
Mercer codes 11 PY2022

What changed

5 events

Dec 31, 2024Holding started
Capital One Financial Corporation Cash Balance Pension Plan first reports an interest in CF Ssga Intermediate US Govt Bond I (State Street Global Advisors Trust): $41M at 2024-12-31
with State Street Global Advisors Trustaskebsa.dol.gov
Dec 31, 2024Holding endedinference
Capital One Financial Corporation Cash Balance Pension Plan no longer reports Ssga Intermed U.S. Govt Bond Indx (State Street - Russell 2000) (last held $35M at 2023-12-31; absent from the 2024-12-31 filing)
with State Street - Russell 2000askebsa.dol.gov
Dec 31, 2023Holding endedinference
Capital One Financial Corporation Cash Balance Pension Plan no longer reports Mercer Passive Long Government Fixe (last held $6M at 2022-12-31; absent from the 2023-12-31 filing)
with Mercer Passive Long Government Fixeaskebsa.dol.gov
Jan 1, 2023Funded status changed
Capital One Financial Corporation Cash Balance Pension Plan funded ratio 168.1% -> 153.5% (2022-01-01 to 2023-01-01)
askebsa.dol.gov
Jan 1, 2023Assets changed
Capital One Financial Corporation Cash Balance Pension Plan plan assets $273M -> $222M (-18.8%, 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 541719854-001

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.