DOW Employees' Pension Plan
Corporate pension, based in Midland, Michigan, reporting $11B in assets, for 32,244 participants.
Composed from this allocator's classification, location and filed figures.
Nothing material in the last 90 days. Last change: 31 Dec 2024, Qdro Consultants Co. LLC no longer appears on DOW Employees' Pension Plan's Schedule C as pension consultant (plan year 2024 vs 2023).
6 more advisers and 5 more dated events
Every figure, date and source on this page is shown. The names behind them, and every related record, open with the complete profile.
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Capital path
who backs this record, through what, into what; each name opens its own path- NT Collective Short Term Investment3 commitments
- Northern Trust Investments, Inc.3 commitments
Relationship network
59 connected entities3 observed commitments2 repeat counterpartiescommitments 2022 to 2024
From board minutes, annual reports, Form 5500 filings and public records of commitments, consultants and staff in the allocator graph. Commitment amounts are those the allocator disclosed; many are not printed, and none is estimated.
Some relationships on this record are counted rather than named here. They open with the full profile.
Click any name or line for the commitments and sources behind it. Line weight is commitments together; dashed lines are inferred.
- Sponsor
- Fund or vehicle
- Service provider
- Organization
›How strength and recency are read
Managers, funds and consultants are read from the commitments: three or more is a strong observed relationship, two a repeat counterparty. No consultant link is marked current on the source, so none is labelled current or former here. Related plans, people and plan service providers are ordered by what the filing shows.
Darker lines were active in the last 24 months or are current; lighter lines are older or undated.
Size, funding, policy and commitments, with their basesCorporate pensionShowHide
Allocation policy
- Interest-bearing cash 1.7%
- Non-interest-bearing cash 2.9%
- Corporate debt instruments (other) 10.4%
- Corporate debt instruments (preferred) 0.4%
- U.S. Government securities 6.3%
- Partnership/joint venture interests 27.3%
- Common/collective trusts 3.2%
- Master trust investment accounts 43.7%
- Registered investment companies 0.7%
- Common stock 1.9%
- Preferred stock 0.0%
- Real estate (other than employer real property) 0.9%
Consultants and advisers
- Evestment Alliance, LLC General consultantthrough Dec 31, 2022 Form 5500
- Adenza, Inc. General consultantthrough Dec 31, 2022 Form 5500
- T Rowe Price Associates Inc Investment adviser (plan)through Dec 31, 2022 Form 5500
+6 more consultants and advisers advise this allocator
Every name, record and relationship behind this count, with the source on each.
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People
Manager roster
- Northern Trust Investments, Inc.3 rows, latest Dec 31, 2024
- Pacific Investmt Management Co LLCplan years 2023
- T Rowe Price Associates Incplan years 2023
- Mcube Investment Technologies LLCplan years 2022
+6 more Schedule C managers
Every name, record and relationship behind this count, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
What changed
- Dec 31, 2024Consultant changedinferenceQdro Consultants Co. LLC no longer appears on DOW Employees' Pension Plan's Schedule C as pension consultant (plan year 2024 vs 2023)with Qdro Consultants CO.LLCaskebsa.dol.gov
- Jan 1, 2024Funded status changedDOW Employees' Pension Plan funded ratio 94.6% -> 91.3% (2023-01-01 to 2024-01-01)
- Jan 1, 2024Assets changedDOW Employees' Pension Plan plan assets $12.9B -> $11.4B (-11.2%, 2023-01-01 to 2024-01-01)
- Dec 31, 2023Manager relationship startedPimco appears on DOW Employees' 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 endedinferenceMcube Investment Technologies LLC no longer appears on DOW Employees' Pension Plan's Schedule C as investment manager (plan year 2023 vs 2022)with Mcube Investment Technologies LLCaskebsa.dol.gov
+5 more dated events
Every name, record and relationship behind this count, with the source on each.
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Commitments
| Date | Fund | Manager | Bucket | Amount | Vintage | Status | Source |
|---|---|---|---|---|---|---|---|
| as of Dec 31, 2024 | NT Collective Short Term Investmentcollective trust | Northern Trust Investments, Inc. | Cash | $352M held | Disclosed holding | askebsa.dol.gov | |
| as of Dec 31, 2023 | NT Collective Short Term Investmentcollective trust | Northern Trust Investments, Inc. | Cash | $528M held | Disclosed holding | askebsa.dol.gov | |
| as of Dec 31, 2022 | NT Collective Short Term Investmentcollective trust | Northern Trust Investments, Inc. | Cash | $582M held | Disclosed holding | askebsa.dol.gov |
Size and funding
Form 5500 filings
| Plan year | Participants | Assets (SB market) | Funding target | FTAP | Total assets (H) | Partnerships / JV | Master trust | Real estate |
|---|---|---|---|---|---|---|---|---|
| 2024 to Dec 31, 2024 | 32,244 | $11B | $12B | 91.3% | $11B | $3.0B | $4.8B | $95.0M |
| 2023 to Dec 31, 2023 | 47,910 | $13B | $13B | 94.6% | $12B | $2.9B | $4.9B | $152M |
| 2022 to Dec 31, 2022 | 52,545 | $17B | $14B | 101.3% | $13B | $3.0B | $5.7B | $173M |
- Willis Towers Watson codes 11 14 17 50 $5.8M PY2024
- Neuberger Berman Investment Adviser codes 28 50 51 52 68 $2.1M PY2024
- The Northern Trust Company codes 21 25 50 51 62 $1.8M PY2024
+141 more service providers
Every name, record and relationship behind this count, with the source on each.
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Provenance
Provenance
DOW Employees' Pension Plan sits on 5 traced paths of capital across the graphs.
DFX traced 5 paths of capital through this record
Every record on each path, what it committed or lent, and as of when.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.
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Record history
- Consultant changed2024-12-31source on record
- Funded status changed2024-01-01source on record
- Total assets changed2024-01-01source on record
+7 more changes on this record's ledger
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The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.
›Connections
every published relationship on the graph
+19 connections on the graph
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