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

Banco Santander USA Offices Retirement Plan

Corporate pensionNEW York, NY
Assets
$123M
Total assets, Dec 31, 2024 reported
Funded
110.0%
Jan 1, 2024
Private markets target
n/a
policy Dec 31, 2024
Commitments
22
none on the tape
Plan sponsor: Banco Santander S.A. New York Branch
Allocation policy
Form 5500, as of Dec 31, 2024
Actual allocation lines without a target (as filed)
  • Interest-bearing cash 18.8%
  • Common/collective trusts 81.1%
Consultants and advisers
7 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
Commitments
22 rows, 0 dated closings
Disclosed holdings (from the plan’s performance or holdings report, as of the report date)
DateFundManagerBucketAmountVintageStatusSource
as of Dec 31, 2024Treasury US 15 Yr Key Rate Durationcollective trustBlackrock Institutional TrustFixed income$5.6M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Treasury U.S. 20 Year Key Rate Duracollective trustBlackrockFixed income$4.6M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024TSY U.S. 25+ Yr Key Rate Dur Nl Fdcollective trustBlackrockPooled vehicles$7.0M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024WTW Gt Diversified Credit Fundcollective trustTowers Watson Investment Services,Private credit$36.5M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024State St Lng US Govt Bd Ind Nl Fundcollective trustState Street - Russell 2000Pooled vehicles$31.9M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Ssga Intermed U.S. Govt Bond Indxcollective trustState Street - Russell 2000Fixed income$14.4M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Treasury US 15 Yr Key Rate Durationcollective trustBlackrock Institutional TrustFixed income$6.8M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Treasury U.S. 20 Year Key Rate Duracollective trustBlackrockFixed income$5.6M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023TSY U.S. 25+ Yr Key Rate Dur Nl Fdcollective trustBlackrockPooled vehicles$6.8M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023WTW Gt Real Asset Fundcollective trustTowers Watson Investment Services,Real assets$15.2M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023WTW Gt Diversified Credit Fundcollective trustTowers Watson Investment Services,Private credit$33.0M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Ssga Intermed U.S. Govt Bond Indxcollective trustState Street - Russell 2000Fixed income$8.1M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023State St Lng US Govt Bd Ind Nl Fundcollective trustState Street - Russell 2000Pooled vehicles$6.5M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Treasury US 15 Yr Key Rate Durationcollective trustBlackrock Institutional TrustFixed income$2.7M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Treasury U.S. 20 Year Key Rate Duracollective trustBlackrockFixed income$3.3M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022TSY U.S. 25+ Yr Key Rate Dur Nl Fdcollective trustBlackrockPooled vehicles$11.1M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022WTW Gt Real Asset Fundcollective trustTowers Watson Investment Services,Real assets$19.1M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022WTW Gt Diversified Credit Fundcollective trustTowers Watson Investment Services,Private credit$14.6M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Willis Towers Watson Group Trust Glcollective trustTowers Watson Investment Services,Pooled vehicles$31.8M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Ssga Intermed U.S. Govt Bond Indxcollective trustState Street - Russell 2000Fixed income$4.4M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022State St Lng US Govt Bd Ind Nl Fundcollective trustState Street - Russell 2000Pooled vehicles$6.3M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Msci Acwi Index Nl Fundcollective trustState Street Gbl EquityPooled vehicles$32.6M heldDisclosed holdingaskebsa.dol.gov
Size and funding
33 readings
Total assets
$123M Dec 31, 2024 reported Form 5500
$162M (2023-12) · $154M (2022-12)
Plan assets
$162M Jan 1, 2024 reported Form 5500
$153M (2023-01) · $180M (2022-01)
Net assets
$123M Dec 31, 2024 reported Form 5500
$162M (2023-12) · $154M (2022-12)
Funded ratio
110.0% Jan 1, 2024 reported Form 5500
106.1% (2023-01) · 117.6% (2022-01)
Funding target
$154M Jan 1, 2024 reported Form 5500
$153M (2023-01) · $146M (2022-01)
Discount rate
5.14% Jan 1, 2024 reported Form 5500
5.06% (2023-01) · 5.45% (2022-01)
Participants
1,208 Jan 1, 2024 reported Form 5500
1,216 (2023-01) · 1,258 (2022-01)
Contributions
$0 Dec 31, 2024 reported Form 5500
$818,000 (2023-12) · $25.9M (2022-12)
Benefits paid
$39.5M Dec 31, 2024 reported Form 5500
$5.4M (2023-12) · $6.0M (2022-12)
Net investment income
$-38.8M Dec 31, 2024 reported Form 5500
$8.2M (2023-12) · $-25.8M (2022-12)
Investment management fees
$903,836 Dec 31, 2024 reported Form 5500
$242,615 (2023-12) · $354,452 (2022-12)
Form 5500 filings
3 plan years
Plan yearParticipantsAssets (SB market)Funding targetFTAPTotal assets (H)Partnerships / JVMaster trustReal estate
2024 to Dec 31, 20241,208$162M$154M110.0%$123Mn/an/an/a
2023 to Dec 31, 20231,216$153M$153M106.1%$162Mn/an/an/a
2022 to Dec 31, 20221,258$180M$146M117.6%$154Mn/an/an/a
Service providers and investment entities as filed (Schedule C and D, latest year first)
What changed
7 events
  • Dec 31, 2024Holding endedinference
    Banco Santander USA Offices Retirement Plan no longer reports WTW Gt Real Asset Fund (Towers Watson Investment Services,) (last held $15M at 2023-12-31; absent from the 2024-12-31 filing)
    with Towers Watson Investment Services,askebsa.dol.gov
  • Dec 31, 2024Assets changed
    Banco Santander USA Offices Retirement Plan total assets $162M -> $123M (-24.0%, 2023-12-31 to 2024-12-31)
    askebsa.dol.gov
  • Jan 1, 2024Funded status changed
    Banco Santander USA Offices Retirement Plan funded ratio 106.1% -> 110.0% (2023-01-01 to 2024-01-01)
    askebsa.dol.gov
  • Dec 31, 2023Holding endedinference
    Banco Santander USA Offices Retirement Plan no longer reports Msci Acwi Index Nl Fund (State Street Gbl Equity) (last held $33M at 2022-12-31; absent from the 2023-12-31 filing)
    with State Street Gbl Equityaskebsa.dol.gov
  • Dec 31, 2023Holding endedinference
    Banco Santander USA Offices Retirement Plan no longer reports Willis Towers Watson Group Trust Gl (Towers Watson Investment Services,) (last held $32M at 2022-12-31; absent from the 2023-12-31 filing)
    with Towers Watson Investment Services,askebsa.dol.gov
  • Jan 1, 2023Funded status changed
    Banco Santander USA Offices Retirement Plan funded ratio 117.6% -> 106.1% (2022-01-01 to 2023-01-01)
    askebsa.dol.gov
  • Jan 1, 2023Assets changed
    Banco Santander USA Offices Retirement Plan plan assets $180M -> $153M (-14.9%, 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 132617929-001
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.