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.

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Corporate pension

F•• U• L•• P•••••• P•••

Corporate pensionAuburbn Hills, MI
Assets
$3.7B
Total assets, Dec 31, 2024 reported
Funded
86.9%
Jan 1, 2024
Private markets target
n/a
policy Dec 31, 2024
Commitments
0
none on the tape
Plan sponsor: F•• U• L••
Allocation policy
Form 5500, as of Dec 31, 2024
Actual allocation lines without a target (as filed)
  • Master trust investment accounts 100.0%
Consultants and advisers
3 firms
People
No investment staff or executives have been read for this allocator yet.
Manager roster
No manager relationship is on the tape for this allocator.
Commitments
No fund commitments are on the tape for this allocator. The tape holds the plans that publish their own private-markets reports; a plan that publishes one and is not here is a gap we can close.
Size and funding
29 readings
Total assets
$3.7B Dec 31, 2024 reported Form 5500
$4.1B (2023-12) · $4.2B (2022-12)
Plan assets
$4.1B Jan 1, 2024 reported Form 5500
$4.2B (2023-01) · $5.4B (2022-01)
Net assets
$3.7B Dec 31, 2024 reported Form 5500
$4.1B (2023-12) · $4.2B (2022-12)
Funded ratio
86.9% Jan 1, 2024 reported Form 5500
87.6% (2023-01) · 94.0% (2022-01)
Funding target
$4.8B Jan 1, 2024 reported Form 5500
$4.9B (2023-01) · $5.0B (2022-01)
Discount rate
5.05% Jan 1, 2024 reported Form 5500
5.18% (2023-01) · 5.35% (2022-01)
Participants
12,001 Jan 1, 2024 reported Form 5500
12,126 (2023-01) · 12,253 (2022-01)
Contributions
$0 Dec 31, 2022 reported Form 5500
Benefits paid
$404M Dec 31, 2024 reported Form 5500
$395M (2023-12) · $390M (2022-12)
Net investment income
$-354M Dec 31, 2024 reported Form 5500
$-69.0M (2023-12) · $-1.3B (2022-12)
Investment management fees
$833,911 Dec 31, 2022 reported Form 5500
Form 5500 filings
3 plan years
Plan yearParticipantsAssets (SB market)Funding targetFTAPTotal assets (H)Partnerships / JVMaster trustReal estate
2024 to Dec 31, 202412,001$4.1B$4.8B86.9%$3.7Bn/a$3.7Bn/a
2023 to Dec 31, 202312,126$4.2B$4.9B87.6%$4.1Bn/a$4.1Bn/a
2022 to Dec 31, 202212,253$5.4B$5.0B94.0%$4.2Bn/a$4.2Bn/a
Service providers and investment entities as filed (Schedule C and D, latest year first)
  • Towers Watson Delaware Inc. codes 15 50 $662,392 PY2024
  • M••••• codes 11 50 $151,972 PY2024
  • State S••••• Retiree Services codes 21 50 $92,830 PY2024
  • F•• U• L•• codes 14 49 50 $65,904 PY2024
  • Norton Rose Fulbright US LLP codes 29 50 $33,004 PY2024
  • B•••• T•••• US, LLP codes 10 50 $19,950 PY2024
  • West Publishing Corporation codes 49 50 $8,998 PY2024
  • F•• U• L•• Master Retirement Trust Sched. D M $3.7B PY2024
  • FCA US Master Retirement Trust Sched. D M $3.3M PY2024
  • M••••• codes 11 PY2024
  • Towers Watson Delaware Inc. codes 15 50 $583,187 PY2023
  • M••••• codes 11 50 $139,234 PY2023
  • State S••••• Retiree Services codes 21 50 $60,964 PY2023
  • F•• U• L•• codes 14 49 50 $54,594 PY2023
  • Norton Rose Fulbright US LLP codes 29 50 $34,643 PY2023
  • B•••• T•••• US, LLP codes 10 50 $19,960 PY2023
  • F•• U• L•• Master Retirement Trust Sched. D M $4.1B PY2023
  • F•• U• L•• Master Retirement Trust Sched. D M $3.3M PY2023
  • M••••• codes 11 PY2023
  • Towers Watson Delaware Inc. codes 15 50 $730,855 PY2022
  • M••••• codes 11 50 $85,553 PY2022
  • F•• U• L•• codes 14 49 50 $57,433 PY2022
  • Norton Rose Fulbright US LLP codes 29 50 $44,581 PY2022
  • State S••••• Retiree Services codes 21 50 $24,798 PY2022
  • B•••• T•••• codes 11 50 $19,950 PY2022
  • F•• U• L•• Master Retirement Trust Sched. D M $4.2B PY2022
  • F•• U• L•• Master Retirement Trust Sched. D M $4.0M PY2022
  • M••••• codes 11 PY2022
What changed
2 events
  • Jan 1, 2023Funded status changed
    F•• U• L•• P•••••• P••• funded ratio 94.0% -> 87.6% (2022-01-01 to 2023-01-01)
  • Jan 1, 2023Assets changed
    F•• U• L•• P•••••• P••• plan assets $5.4B -> $4.2B (-23.3%, 2022-01-01 to 2023-01-01)
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Provenance
Identifiers: EIN-PN 270187394-004
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.