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
Norton Rose Fulbright US LLP Pension Plan
Corporate pensionHouston, TX
Assets
$498M
Total assets, Dec 31, 2024 reported
Funded
87.0%
Jan 1, 2024
Private markets target
n/a
policy Dec 31, 2024
Commitments
3
none on the tape
Plan sponsor: Norton Rose Fulbright US LLP
Allocation policy
Form 5500, as of Dec 31, 2024
Actual allocation lines without a target (as filed)
- Interest-bearing cash 2.2%
- Corporate debt instruments (other) 5.6%
- U.S. Government securities 7.8%
- Other investments 9.3%
- Common/collective trusts 19.9%
- Registered investment companies 37.6%
- Preferred stock 16.7%
Consultants and advisers
4 firms
- Wells Fargo Bank Investment adviser (plan)through Dec 31, 2022 Form 5500
- Ernst & Young LLP Investment adviser (plan)Actuarythrough Dec 31, 2022 Form 5500
- J.P. Morgan Chase Investment adviser (plan)through Dec 31, 2022 Form 5500
- Principal Trust Co. Trusteethrough Dec 31, 2023 Form 5500
People
No investment staff or executives have been read for this allocator yet.
Manager roster
1 managers on the commitment tape
From the plan’s own commitment disclosures
- Principal Trust Co.2 rows, latest Dec 31, 2024
From Schedule C (investment management, code 28)
- Lazard Asset Management LLCplan years 2023
- Willis Towers Watsonplan years 2023
- Carlson Capital - Black Diamond Ptnplan years 2022
- Lazardplan years 2022
- Silvercrest Asset Managementplan years 2022
- State Streetplan years 2022
- Barrow Hanley Mewhinney & Straussplan years 2022
- Madison Investments Servicesplan years 2022
Commitments
3 rows, 0 dated closings
Disclosed holdings (from the plan’s performance or holdings report, as of the report date)
| Date | Fund | Manager | Bucket | Amount | Vintage | Status | Source |
|---|---|---|---|---|---|---|---|
| as of Dec 31, 2024 | Principal Trust Co.collective trust | Principal Trust Co. | Pooled vehicles | $10.9M held | Disclosed holding | askebsa.dol.gov | |
| as of Dec 31, 2023 | Principal Trust Co.collective trust | Principal Trust Co. | Pooled vehicles | $25.4M held | Disclosed holding | askebsa.dol.gov | |
| as of Dec 31, 2022 | Short Term Inc Fnd for Ebt Ret Plancollective trust | Wells Fargo Bank Na | Cash | $17.0M held | Disclosed holding | askebsa.dol.gov |
Size and funding
33 readings
Investment management fees
$829,987 (2023-12) · $794,204 (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 | 1,882 | $495M | $581M | 87.0% | $498M | $0 | $0 | $0 |
| 2023 to Dec 31, 2023 | 2,526 | $562M | $677M | 90.2% | $495M | $0 | $0 | $0 |
| 2022 to Dec 31, 2022 | 2,554 | $668M | $667M | 94.7% | $563M | n/a | n/a | n/a |
Service providers and investment entities as filed (Schedule C and D, latest year first)
- Pension Benefit Guaranty Corp codes 14 $1.5M PY2024
- Carlson Capital - Black Diamond Ptn codes 28 $221,235 PY2024
- Silvercrest Asset Mgnt Group codes 28 $214,093 PY2024
- Ernst and Young LLP codes 65 $203,118 PY2024
- Madison Investments Services codes 28 $165,104 PY2024
- Barrow Hanley codes 28 $143,394 PY2024
- Lazard Asset Management codes 28 $139,680 PY2024
- Principal Trust Company codes 21 $91,688 PY2024
- MPS Capital Advisors codes 70 $65,000 PY2024
- State Street codes 28 $39,309 PY2024
- Crowe LLP codes 29 $19,950 PY2024
- Short Term Inc Fnd for Ebt Ret Plan Sched. D C $10.9M PY2024
- Ernst & Young LLP codes 11 PY2024
- Pension Benefit Guaranty Corp codes 14 $1.9M PY2023
- Ernst and Young LLP codes 65 $1.6M PY2023
- Carlson Capital - Black Diamond Ptn codes 28 $293,896 PY2023
- Silvercrest Asset Mgnt Group codes 28 $253,228 PY2023
- Barrow Hanley codes 28 $168,734 PY2023
- Madison Investments Services codes 28 $168,732 PY2023
- Lazard Asset Management codes 28 $125,065 PY2023
- Principal Trust Company codes 21 $95,556 PY2023
- MPC Capital Advisors codes 70 $65,000 PY2023
- State Street codes 28 $43,363 PY2023
- Crowe LLP codes 29 $16,800 PY2023
- Willis Towers Watson codes 28 $4,086 PY2023
- Retirement Clearing House LLC codes 15 $3,057 PY2023
- Short Term Inc Fnd for Ebt Ret Plan Sched. D C $25.4M PY2023
- Ernst & Young LLP codes 11 PY2023
- Pension Benefit Guaranty Corp codes 14 $1.8M PY2022
- Ernst and Young LLP codes 27 $447,445 PY2022
- Carlson Capital - Black Diamond Ptn codes 28 $281,315 PY2022
- Silvercrest codes 28 $269,594 PY2022
- Barrow Hanley codes 28 $179,471 PY2022
- Madison Investments Services codes 28 $172,997 PY2022
- Wells Fargo Bank Na codes 27 $151,164 PY2022
- Lazard codes 28 $119,362 PY2022
- J P Morgan Chase codes 27 $65,000 PY2022
- Wells Fargo codes 15 $60,000 PY2022
- State Street codes 28 $52,780 PY2022
- Short Term Inc Fnd for Ebt Ret Plan Sched. D C $17.0M PY2022
- Ernst & Young LLP codes 11 PY2022
What changed
12 events
- Dec 31, 2024Manager relationship endedinferenceWillis Towers Watson no longer appears on Norton Rose Fulbright US LLP Pension Plan's Schedule C as investment manager (plan year 2024 vs 2023)with Willis Towers Watsonaskebsa.dol.gov
- Jan 1, 2024Funded status changedNorton Rose Fulbright US LLP Pension Plan funded ratio 90.2% -> 87.0% (2023-01-01 to 2024-01-01)
- Jan 1, 2024Assets changedNorton Rose Fulbright US LLP Pension Plan plan assets $562M -> $495M (-12.1%, 2023-01-01 to 2024-01-01)
- Dec 31, 2023Holding startedNorton Rose Fulbright US LLP Pension Plan first reports an interest in Principal Trust Co. (Principal Trust Co.): $25M at 2023-12-31with Principal Trust Co.askebsa.dol.gov
- Dec 31, 2023Holding endedinferenceNorton Rose Fulbright US LLP Pension Plan no longer reports Short Term Inc Fnd for Ebt Ret Plan (last held $17M at 2022-12-31; absent from the 2023-12-31 filing)with Short Term Inc Fnd for Ebt Ret Planaskebsa.dol.gov
- Dec 31, 2023Consultant changedinferenceWells Fargo Bank Na no longer appears on Norton Rose Fulbright US LLP Pension Plan's Schedule C as investment adviser (plan) (plan year 2023 vs 2022)with Wells Fargo Bankaskebsa.dol.gov
- Dec 31, 2023Consultant changedinferenceJ P Morgan Chase no longer appears on Norton Rose Fulbright US LLP Pension Plan's Schedule C as investment adviser (plan) (plan year 2023 vs 2022)with J.P. Morgan Chaseaskebsa.dol.gov
- Dec 31, 2023Consultant changedinferenceErnst and Young LLP no longer appears on Norton Rose Fulbright US LLP Pension Plan's Schedule C as investment adviser (plan) (plan year 2023 vs 2022)with Ernst & Young LLPaskebsa.dol.gov
- Dec 31, 2023Manager relationship startedWillis Towers Watson appears on Norton Rose Fulbright US LLP Pension Plan's Schedule C as investment manager (plan year 2023 vs 2022)with Willis Towers Watsonaskebsa.dol.gov
- Dec 31, 2023Assets changedNorton Rose Fulbright US LLP Pension Plan total assets $563M -> $495M (-12.0%, 2022-12-31 to 2023-12-31)
- Jan 1, 2023Funded status changedNorton Rose Fulbright US LLP Pension Plan funded ratio 94.7% -> 90.2% (2022-01-01 to 2023-01-01)
- Jan 1, 2023Assets changedNorton Rose Fulbright US LLP Pension Plan plan assets $668M -> $562M (-15.8%, 2022-01-01 to 2023-01-01)
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Provenance
Identifiers: EIN-PN 741201087-003
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.