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
Philip Morris International Retirement Plan
Corporate pensionStamford, CT
Assets
$267M
Total assets, Dec 31, 2024 reported
Funded
96.0%
Jan 1, 2024
Private markets target
n/a
policy Dec 31, 2024
Commitments
17
none on the tape
Plan sponsor: PMI Global Services Inc.
Allocation policy
Form 5500, as of Dec 31, 2024
Actual allocation lines without a target (as filed)
- Interest-bearing cash 0.2%
- Other investments 0.0%
- Common/collective trusts 99.8%
Consultants and advisers
3 firms
- Mercer Pension consultantthrough Dec 31, 2023 Form 5500
- Jpmorgan Chase Bank, N.A. Trusteethrough Dec 31, 2022 Form 5500
- Willis Towers Watson US LLC Actuarythrough Dec 31, 2022 Form 5500
People
No investment staff or executives have been read for this allocator yet.
Manager roster
2 managers on the commitment tape
From the plan’s own commitment disclosures
- State Street - Russell 20007 rows, latest Dec 31, 2024
- State Street Global Advisors Trust3 rows, latest Dec 31, 2024
From Schedule C (investment management, code 28)
- State Street Bank & Trust Companyplan years 2022
Commitments
17 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 | Ssga Intermed U.S. Govt Bond Indxcollective trust | State Street - Russell 2000 | Fixed income | $29.3M held | Disclosed holding | askebsa.dol.gov | |
| as of Dec 31, 2024 | Msci Acwi Ex USA Nl Fundcollective trust | State Street Global Advisors Trust | Pooled vehicles | $36.4M held | Disclosed holding | askebsa.dol.gov | |
| as of Dec 31, 2024 | Ssga Russell 3000 Index Nl Fundcollective trust | State Street - Russell 2000 | Pooled vehicles | $49.6M held | Disclosed holding | askebsa.dol.gov | |
| as of Dec 31, 2024 | Intermed Term Credit Bond Idx Nonslcollective trust | Blackrock Institutional Trust Company, N.A | Private credit | $26.5M held | Disclosed holding | askebsa.dol.gov | |
| as of Dec 31, 2024 | State St Lng US Govt Bd Ind Nl Fundcollective trust | State Street - Russell 2000 | Pooled vehicles | $66.3M held | Disclosed holding | askebsa.dol.gov | |
| as of Dec 31, 2024 | Long Term Credit Bond Index Nlcollective trust | Blackrock Institutional Trust Company, N.A | Private credit | $57.9M held | Disclosed holding | askebsa.dol.gov | |
| as of Dec 31, 2023 | Ssga Intermed U.S. Govt Bond Indxcollective trust | State Street - Russell 2000 | Fixed income | $80.0M held | Disclosed holding | askebsa.dol.gov | |
| as of Dec 31, 2023 | Msci Acwi Ex USA Nl Fundcollective trust | State Street Global Advisors Trust | Pooled vehicles | $36.3M held | Disclosed holding | askebsa.dol.gov | |
| as of Dec 31, 2023 | Ssga Russell 3000 Index Nl Fundcollective trust | State Street - Russell 2000 | Pooled vehicles | $46.2M held | Disclosed holding | askebsa.dol.gov | |
| as of Dec 31, 2023 | Intermed Term Credit Bond Idx Nonslcollective trust | Blackrock Institutional Trust Company, N.A | Private credit | $42.3M held | Disclosed holding | askebsa.dol.gov | |
| as of Dec 31, 2023 | Long Term Credit Bond Index Nlcollective trust | Blackrock Institutional Trust Company, N.A | Private credit | $40.2M held | Disclosed holding | askebsa.dol.gov | |
| as of Dec 31, 2022 | Ssga Intermed U.S. Govt Bond Indxcollective trust | State Street - Russell 2000 | Fixed income | $79.8M held | Disclosed holding | askebsa.dol.gov | |
| as of Dec 31, 2022 | Msci Acwi Ex USA Nl Fundcollective trust | State Street Global Advisors Trust | Pooled vehicles | $41.2M held | Disclosed holding | askebsa.dol.gov | |
| as of Dec 31, 2022 | Ssga Russell 3000 Index Nl Fundcollective trust | State Street - Russell 2000 | Pooled vehicles | $64.5M held | Disclosed holding | askebsa.dol.gov | |
| as of Dec 31, 2022 | Intermed Term Credit Bond Idx Nonslcollective trust | Blackrock Institutional Trust Company, N.A | Private credit | $43.7M held | Disclosed holding | askebsa.dol.gov | |
| as of Dec 31, 2022 | Treas. Jpm Embi Global Diversifiedcollective trust | Blackrock Institutional Trust Company, N.A | Hedge / diversifiers | $25.9M held | Disclosed holding | askebsa.dol.gov | |
| as of Dec 31, 2022 | Long Term Credit Bond Index Nlcollective trust | Blackrock Institutional Trust Company, N.A | Private credit | $9.8M held | Disclosed holding | askebsa.dol.gov |
Size and funding
33 readings
Investment management fees
$135,692 (2023-12) · $131,332 (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 | 1,164 | $276M | $291M | 96.0% | $267M | n/a | n/a | n/a |
| 2023 to Dec 31, 2023 | 1,179 | $265M | $296M | 95.9% | $276M | n/a | n/a | n/a |
| 2022 to Dec 31, 2022 | 1,225 | $326M | $290M | 105.6% | $265M | n/a | n/a | n/a |
Service providers and investment entities as filed (Schedule C and D, latest year first)
- JP Morgan Chase Bank codes 21 50 $179,088 PY2024
- State Street Global Advisors codes 28 51 $114,355 PY2024
- Pricewaterhouse Coopers LLC codes 10 50 $75,700 PY2024
- State Street Russell 3000(r) Idx Nl Sched. D C $49.6M PY2024
- Intermediate Term Cred Bond Ind Nl Sched. D C $26.5M PY2024
- State Street Interm US Govt Idx Fd Sched. D C $29.3M PY2024
- State Street Msci Acwi Ex USA Nl Fd Sched. D C $36.4M PY2024
- State Street Long US Govt Bd Idx Nl Sched. D C $66.3M PY2024
- Long Term Credit Bond Index Nl Sched. D C $57.9M PY2024
- Willis Towers Watson US LLC codes 11 PY2024
- JP Morgan Chase Bank codes 21 50 $254,309 PY2023
- State Street Global Advisors codes 28 51 $135,692 PY2023
- Pricewaterhouse Coopers LLC codes 10 50 $71,416 PY2023
- Mercer codes 17 50 $37,500 PY2023
- Ssga Intermediate US Govt Index Fd Sched. D C $80.0M PY2023
- Ssga Msci Acwi Ex USA Nl Fund Sched. D C $36.3M PY2023
- Ssga Russell 3000 Index Fund Sched. D C $46.2M PY2023
- Intermediate Term Credi Bond Ind Nl Sched. D C $42.3M PY2023
- Blackrock Jpm Embi Global Diversfd Sched. D C PY2023
- Long Term Credit Bond Index Nl Sched. D C $40.2M PY2023
- Willis Towers Watson US LLC codes 11 PY2023
- JP Morgan Chase Bank codes 21 50 $251,957 PY2022
- State Street Global Advisors codes 28 51 $87,282 PY2022
- Pricewaterhouse Coopers LLC codes 10 50 $71,416 PY2022
- Blackrock Jpm Embi Global Diversfd Sched. D C $25.9M PY2022
- Ssga Intermediate US Govt Index Fd Sched. D C $79.8M PY2022
- Long Term Credit Bond Index Nl Sched. D C $9.8M PY2022
- Ssga Msci Acwi Ex USA Nl Fund Sched. D C $41.2M PY2022
- Ssga Russell 3000 Index Fund Sched. D C $64.5M PY2022
- Intermediate Term Credi Bond Ind Nl Sched. D C $43.7M PY2022
- Willis Towers Watson US LLC codes 11 PY2022
What changed
6 events
- Dec 31, 2024Holding startedPhilip Morris International Retirement Plan first reports an interest in State St Lng US Govt Bd Ind Nl Fund (State Street - Russell 2000): $66M at 2024-12-31with State Street - Russell 2000askebsa.dol.gov
- Dec 31, 2024Consultant changedinferenceMercer no longer appears on Philip Morris International Retirement Plan's Schedule C as pension consultant (plan year 2024 vs 2023)with Merceraskebsa.dol.gov
- Dec 31, 2023Holding endedinferencePhilip Morris International Retirement Plan no longer reports Treas. Jpm Embi Global Diversified (last held $26M at 2022-12-31; absent from the 2023-12-31 filing)with Treas. Jpm Embi Global Diversifiedaskebsa.dol.gov
- Dec 31, 2023Consultant changedinferenceMercer appears on Philip Morris International Retirement Plan's Schedule C as pension consultant (plan year 2023 vs 2022)with Merceraskebsa.dol.gov
- Jan 1, 2023Funded status changedPhilip Morris International Retirement Plan funded ratio 105.6% -> 95.9% (2022-01-01 to 2023-01-01)
- Jan 1, 2023Assets changedPhilip Morris International Retirement Plan plan assets $326M -> $265M (-18.7%, 2022-01-01 to 2023-01-01)
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Provenance
Identifiers: EIN-PN 030494952-001
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.