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

Ecolab Pension Plan

Corporate pensionST. Paul, MN
Assets
$1.7B
Total assets, Dec 31, 2024 reported
Funded
88.5%
Jan 1, 2024
Private markets target
n/a
policy Dec 31, 2024
Commitments
9
none on the tape
Plan sponsor: Ecolab Inc.
Allocation policy
Form 5500, as of Dec 31, 2024
Actual allocation lines without a target (as filed)
  • Interest-bearing cash 1.8%
  • Corporate debt instruments (other) 31.8%
  • Insurance company general account 0.0%
  • Partnership/joint venture interests 17.0%
  • Common/collective trusts 11.2%
  • Registered investment companies 36.7%
Consultants and advisers
12 firms
People
No investment staff or executives have been read for this allocator yet.
Manager roster
3 managers on the commitment tape
From the plan’s own commitment disclosures
From Schedule C (investment management, code 28)
Commitments
9 rows, 0 dated closings
Disclosed holdings (from the plan’s performance or holdings report, as of the report date)
DateFundManagerBucketAmountVintageStatusSource
as of Dec 31, 2024Commingled Pension Trust Fund (speccollective trustJpmorgan Special SituationsPooled vehicles$15.5M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Jpmcb Strategic Property Fundcollective trustJ.P. Morgan ChaseReal estate$34.0M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024State St Msci Eafe Ind Sec Lendingcollective trustState Street - Russell 2000Pooled vehicles$137M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Commingled Pension Trust Fund (speccollective trustJpmorgan Special SituationsPooled vehicles$17.9M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Jpmcb Strategic Property Fundcollective trustJ.P. Morgan ChaseReal estate$34.6M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023State St Msci Eafe Ind Sec Lendingcollective trustState Street - Russell 2000Pooled vehicles$103M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Commingled Pension Trust Fund (speccollective trustJpmorgan Special SituationsPooled vehicles$24.9M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Jpmcb Strategic Property Fundcollective trustJ.P. Morgan ChaseReal estate$40.5M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022State St Msci Eafe Ind Sec Lendingcollective trustState Street - Russell 2000Pooled vehicles$87.4M heldDisclosed holdingaskebsa.dol.gov
Size and funding
33 readings
Total assets
$1.7B Dec 31, 2024 reported Form 5500
$1.7B (2023-12) · $1.7B (2022-12)
Plan assets
$1.7B Jan 1, 2024 reported Form 5500
$1.7B (2023-01) · $2.4B (2022-01)
Net assets
$1.7B Dec 31, 2024 reported Form 5500
$1.7B (2023-12) · $1.7B (2022-12)
Funded ratio
88.5% Jan 1, 2024 reported Form 5500
87.5% (2023-01) · 105.4% (2022-01)
Funding target
$1.8B Jan 1, 2024 reported Form 5500
$1.8B (2023-01) · $1.8B (2022-01)
Discount rate
5.10% Jan 1, 2024 reported Form 5500
5.24% (2023-01) · 5.41% (2022-01)
Participants
35,291 Jan 1, 2024 reported Form 5500
34,496 (2023-01) · 31,280 (2022-01)
Contributions
$25.0M Dec 31, 2024 reported Form 5500
$0 (2023-12) · $50.0M (2022-12)
Benefits paid
$127M Dec 31, 2024 reported Form 5500
$149M (2023-12) · $279M (2022-12)
Net investment income
$-49.8M Dec 31, 2024 reported Form 5500
$-2.2M (2023-12) · $-661M (2022-12)
Investment management fees
$3.4M Dec 31, 2024 reported Form 5500
$3.5M (2023-12) · $3.4M (2022-12)
Form 5500 filings
3 plan years
Plan yearParticipantsAssets (SB market)Funding targetFTAPTotal assets (H)Partnerships / JVMaster trustReal estate
2024 to Dec 31, 202435,291$1.7B$1.8B88.5%$1.7B$284Mn/an/a
2023 to Dec 31, 202334,496$1.7B$1.8B87.5%$1.7B$274Mn/an/a
2022 to Dec 31, 202231,280$2.4B$1.8B105.4%$1.7B$281Mn/an/a
Service providers and investment entities as filed (Schedule C and D, latest year first)
What changed
7 events
  • Dec 31, 2024Manager relationship started
    West Street Loan Partners V Europe appears on Ecolab Pension Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with West Street Loan Partners V Europeaskebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    Wellington Em Local Debt Fund appears on Ecolab Pension Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Wellington Em Local Debt Fundaskebsa.dol.gov
  • Dec 31, 2023Manager relationship started
    Pacific Investment Management Co appears on Ecolab Pension Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Pacific Investmt Management Co LLCaskebsa.dol.gov
  • Dec 31, 2023Manager relationship started
    Acadian Asset Management LLC appears on Ecolab Pension Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Acadian Asset Managementaskebsa.dol.gov
  • Dec 31, 2023Manager relationship started
    Nisa Investment Advisors LLC appears on Ecolab Pension Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Nisa Investment Advisors, LLCaskebsa.dol.gov
  • Jan 1, 2023Funded status changed
    Ecolab Pension Plan funded ratio 105.4% -> 87.5% (2022-01-01 to 2023-01-01)
    askebsa.dol.gov
  • Jan 1, 2023Assets changed
    Ecolab Pension Plan plan assets $2.4B -> $1.7B (-27.8%, 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 410231510-001
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.