Philip Morris International Retirement Plan
Corporate pension, based in Stamford, Connecticut, reporting $267M in assets, for 1,164 participants.
Composed from this allocator's classification, location and filed figures.
Nothing material in the last 90 days. Last change: 31 Dec 2024, Mercer no longer appears on Philip Morris International Retirement Plan's Schedule C as pension consultant (plan year 2024 vs 2023).
14 more commitments and 1 more dated event
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- Intermed Term Credit Bond Idx Nonsl3 commitments
- Long Term Credit Bond Index Nl3 commitments
- Ssga Intermed U.S. Govt Bond Indx3 commitments
- Blackrock Institutional Trust Company, N.A.7 commitments
- State Street Global Advisors Trust Company7 commitments
- State Street Global Advisors Trust3 commitments
Relationship network
27 connected entities17 observed commitments7 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 0.2%
- Other investments 0.0%
- Common/collective trusts 99.8%
Consultants and advisers
- 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
Manager roster
- Blackrock Institutional Trust Company, N.A.7 rows, latest Dec 31, 2024
- State Street Global Advisors Trust Company7 rows, latest Dec 31, 2024
- State Street Global Advisors Trust3 rows, latest Dec 31, 2024
- Blackrock Institutional Trust Company, N.A.plan years
- Blackrock Insti. Trust Company, N.Aplan years
- State Street Bank & Trust Companyplan years 2022
What changed
- 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 Global Advisors Trust Companyaskebsa.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)
+1 more dated event
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 | 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 | 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, 2024 | Ssga Intermed U.S. Govt Bond Indxcollective trust | State Street Global Advisors Trust Company | Fixed income | $29.3M held | Disclosed holding | askebsa.dol.gov |
+14 more commitments
Every fund and manager this allocator committed to, with the amount, date and source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
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 | 1,164 | $276M | $291M | 96.0% | $267M | Not disclosed | Not disclosed | Not disclosed |
| 2023 to Dec 31, 2023 | 1,179 | $265M | $296M | 95.9% | $276M | Not disclosed | Not disclosed | Not disclosed |
| 2022 to Dec 31, 2022 | 1,225 | $326M | $290M | 105.6% | $265M | Not disclosed | Not disclosed | Not disclosed |
- 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
+28 more service providers
Every name, record and relationship behind this count, with the source on each.
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Provenance
Provenance
Philip Morris International Retirement Plan sits on 3 traced paths of capital across the graphs.
DFX traced 3 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
- Holding in a pooled vehicle started2024-12-31source on record
- Consultant changed2024-12-31source on record
- Holding in a pooled vehicle ended2023-12-31source on record
+3 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
+7 connections on the graph
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