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
Blue Cross Blue Shield of Michigan Represented Employees' Retirement Income Plan
Corporate pensionDetroit, MI
Assets
$651M
Total assets, Dec 31, 2024 reported
Funded
101.5%
Jan 1, 2024
Private markets target
n/a
policy Dec 31, 2024
Commitments
0
none on the tape
Plan sponsor: Blue Cross Blue Shield of Michigan
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
5 firms
- Willis Towers Watson US LLC Pension consultantActuarythrough Dec 31, 2023 Form 5500
- Hewitt Associates Pension consultantthrough Dec 31, 2022 Form 5500
- Fidelity Investments Pension consultantthrough Dec 31, 2022 Form 5500
- Jpmorgan Chase Bank, N.A. Discretionary trusteethrough 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
7 managers on Schedule C
From Schedule C (investment management, code 28)
- Arrowstreet Capital, LPplan years 2022
- Snyder Capital Management, LPplan years 2022
- Western Asset Mgmt Company, LLCplan years 2022
- Legal & General Inv Mgmt Americaplan years 2022
- Franklin Templetonplan years 2022
- Blackrock Institutional Trust Co,naplan years 2022
- Nisa Investment Advisors, LLCplan years 2022
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
31 readings
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 | 7,404 | $672M | $673M | 101.5% | $651M | n/a | $651M | n/a |
| 2023 to Dec 31, 2023 | 7,272 | $657M | $680M | 102.3% | $669M | n/a | $669M | n/a |
| 2022 to Dec 31, 2022 | 7,322 | $749M | $651M | 109.2% | $656M | n/a | $581M | n/a |
Service providers and investment entities as filed (Schedule C and D, latest year first)
- Fidelity Investments codes 17 28 50 $490,492 PY2024
- Willis Towers Watson codes 11 17 50 $187,676 PY2024
- Bcbsm Emp. Ret. Master Trust Sched. D M $651M PY2024
- Willis Towers Watson US LLC codes 11 PY2024
- Fidelity Investments codes 17 50 $401,831 PY2023
- Arrowstreet Capital codes 28 51 $184,392 PY2023
- Snyder Capital codes 28 51 $146,181 PY2023
- Legal & General Inv. Co. codes 28 51 $97,915 PY2023
- Western Asset Management codes 28 51 $87,118 PY2023
- State Street Bank and Trust Company codes 18 25 28 50 $60,427 PY2023
- Willis Towers Watson codes 17 50 $58,160 PY2023
- Franklin Templeton codes 28 51 $57,122 PY2023
- GJC Cpa's & Advisors codes 10 50 $14,602 PY2023
- Blackrock codes 28 51 $12,458 PY2023
- Hewitt Consulting codes 17 50 $7,772 PY2023
- Bcbsm Emp. Ret. Master Trust Sched. D M $669M PY2023
- Willis Towers Watson US LLC codes 11 PY2023
- Fidelity Investments codes 17 50 $498,298 PY2022
- Arrowstreet Capital codes 28 51 $338,380 PY2022
- Snyder Capital codes 28 51 $261,272 PY2022
- Jpmorgan codes 24 27 28 50 51 $229,086 PY2022
- Western Asset Management codes 28 51 $194,969 PY2022
- Legal & General Inv. Co. codes 28 51 $99,198 PY2022
- State Street Bank & Trust Company codes 18 25 28 50 $85,624 PY2022
- Nisa Investment Advisors, LLC codes 28 51 $64,404 PY2022
- Hewitt Consulting codes 17 50 $63,994 PY2022
- Franklin Templeton codes 28 51 $57,965 PY2022
- GJC Cpa's & Advisors codes 10 50 $23,688 PY2022
- Blackrock codes 28 51 $9,852 PY2022
- Bcbsm Emp. Ret. Master Trust Sched. D M $581M PY2022
- Willis Towers Watson US LLC codes 11 PY2022
What changed
13 events
- Dec 31, 2024Consultant changedinferenceHewitt Consulting no longer appears on Blue Cross Blue Shield of Michigan Represented Employees' Retirement Income Plan's Schedule C as pension consultant (plan year 2024 vs 2023)with Hewitt Associatesaskebsa.dol.gov
- Dec 31, 2024Manager relationship endedinferenceState Street Bank and Trust Company no longer appears on Blue Cross Blue Shield of Michigan Represented Employees' Retirement Income Plan's Schedule C as investment manager (plan year 2024 vs 2023)with State Street Bank & Trust Companyaskebsa.dol.gov
- Dec 31, 2024Manager relationship endedinferenceFranklin Templeton no longer appears on Blue Cross Blue Shield of Michigan Represented Employees' Retirement Income Plan's Schedule C as investment manager (plan year 2024 vs 2023)with Franklin Templetonaskebsa.dol.gov
- Dec 31, 2024Manager relationship endedinferenceWestern Asset Management no longer appears on Blue Cross Blue Shield of Michigan Represented Employees' Retirement Income Plan's Schedule C as investment manager (plan year 2024 vs 2023)with Western Asset Mgmt Company, LLCaskebsa.dol.gov
- Dec 31, 2024Manager relationship endedinferenceBlackrock no longer appears on Blue Cross Blue Shield of Michigan Represented Employees' Retirement Income Plan's Schedule C as investment manager (plan year 2024 vs 2023)with Blackrock Institutional Trust Co,naaskebsa.dol.gov
- Dec 31, 2024Manager relationship endedinferenceArrowstreet Capital no longer appears on Blue Cross Blue Shield of Michigan Represented Employees' Retirement Income Plan's Schedule C as investment manager (plan year 2024 vs 2023)with Arrowstreet Capital, LPaskebsa.dol.gov
- Dec 31, 2024Manager relationship endedinferenceSnyder Capital no longer appears on Blue Cross Blue Shield of Michigan Represented Employees' Retirement Income Plan's Schedule C as investment manager (plan year 2024 vs 2023)with Snyder Capital Management, LPaskebsa.dol.gov
- Dec 31, 2024Manager relationship endedinferenceLegal & General Inv. Co. no longer appears on Blue Cross Blue Shield of Michigan Represented Employees' Retirement Income Plan's Schedule C as investment manager (plan year 2024 vs 2023)with Legal & General Inv Mgmt Americaaskebsa.dol.gov
- Dec 31, 2023Manager relationship endedinferenceNisa Investment Advisors, LLC no longer appears on Blue Cross Blue Shield of Michigan Represented Employees' Retirement Income Plan's Schedule C as investment manager (plan year 2023 vs 2022)with Nisa Investment Advisors, LLCaskebsa.dol.gov
- Dec 31, 2023Manager relationship endedinferenceJpmorgan no longer appears on Blue Cross Blue Shield of Michigan Represented Employees' Retirement Income Plan's Schedule C as investment manager (plan year 2023 vs 2022)with Jpmorgan Chase Bank, N.A.askebsa.dol.gov
- Dec 31, 2023Consultant changedinferenceWillis Towers Watson appears on Blue Cross Blue Shield of Michigan Represented Employees' Retirement Income Plan's Schedule C as pension consultant (plan year 2023 vs 2022)with Willis Towers Watson US LLCaskebsa.dol.gov
- Jan 1, 2023Funded status changedBlue Cross Blue Shield of Michigan Represented Employees' Retirement Income Plan funded ratio 109.2% -> 102.3% (2022-01-01 to 2023-01-01)
- Jan 1, 2023Assets changedBlue Cross Blue Shield of Michigan Represented Employees' Retirement Income Plan plan assets $749M -> $657M (-12.2%, 2022-01-01 to 2023-01-01)
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Provenance
Identifiers: EIN-PN 382069753-002
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.