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.

Taft-Hartley plan

I.B.E.W. Local 456 Pension Plan

Taft-Hartley planWest Trenton, NJ
Assets
$302M
Total assets, Dec 31, 2024 reported
Funded
92.1%
Jan 1, 2024
Private markets target
n/a
policy Dec 31, 2024
Commitments
3
2 managers on Schedule C
Plan sponsor: Ibew Joint Pension Fund Local 456
Allocation policy
Form 5500, as of Dec 31, 2024
Actual allocation lines without a target (as filed)
  • Interest-bearing cash 2.8%
  • Non-interest-bearing cash 0.6%
  • Corporate debt instruments (other) 9.4%
  • U.S. Government securities 14.8%
  • Other investments 4.4%
  • Common/collective trusts 3.3%
  • Registered investment companies 40.2%
  • Common stock 23.5%
Consultants and advisers
3 firms
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
From Schedule C (investment management, code 28)
Commitments
3 rows, 0 dated closings
Disclosed holdings (from the plan’s performance or holdings report, as of the report date)
DateFundManagerBucketAmountVintageStatusSource
as of Dec 31, 2024Jpmcb Strategic Property Fundcollective trustJ.P. Morgan ChaseReal estate$10.0M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Jpmcb Strategic Property Fundcollective trustJ.P. Morgan ChaseReal estate$10.3M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Jpmcb Strategic Property Fundcollective trustJ.P. Morgan ChaseReal estate$12.2M heldDisclosed holdingaskebsa.dol.gov
Size and funding
30 readings
Total assets
$302M Dec 31, 2024 reported Form 5500
$276M (2023-12) · $244M (2022-12)
Plan assets
$273M Jan 1, 2024 reported Form 5500
$243M (2023-01) · $286M (2022-01)
Net assets
$300M Dec 31, 2024 reported Form 5500
$273M (2023-12) · $243M (2022-12)
Funded ratio
92.1% Jan 1, 2024 reported Form 5500
87.1% (2023-01) · 106.8% (2022-01)
Participants
1,542 Jan 1, 2024 reported Form 5500
1,521 (2023-01) · 1,532 (2022-01)
Contributions
$17.3M Dec 31, 2024 reported Form 5500
$17.2M (2023-12) · $15.3M (2022-12)
Benefits paid
$19.6M Dec 31, 2024 reported Form 5500
$18.3M (2023-12) · $17.2M (2022-12)
Net investment income
$26.7M Dec 31, 2024 reported Form 5500
$30.3M (2023-12) · $-43.4M (2022-12)
Investment management fees
$1.0M Dec 31, 2024 reported Form 5500
$1.0M (2023-12) · $1.3M (2022-12)
Form 5500 filings
3 plan years
Plan yearParticipantsAssets (SB market)Funding targetFTAPTotal assets (H)Partnerships / JVMaster trustReal estate
2024 to Dec 31, 20241,542n/an/an/a$302Mn/an/an/a
2023 to Dec 31, 20231,521n/an/an/a$276Mn/an/an/a
2022 to Dec 31, 20221,532n/an/an/a$244Mn/an/an/a
Service providers and investment entities as filed (Schedule C and D, latest year first)
What changed
7 events
  • Jan 1, 2024Funded status changed
    I.B.E.W. Local 456 Pension Plan funded ratio 87.1% -> 92.1% (2023-01-01 to 2024-01-01)
    askebsa.dol.gov
  • Jan 1, 2024Assets changed
    I.B.E.W. Local 456 Pension Plan plan assets $243M -> $273M (+12.5%, 2023-01-01 to 2024-01-01)
    askebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    Clearbridge no longer appears on I.B.E.W. Local 456 Pension Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Clearbridgeaskebsa.dol.gov
  • Dec 31, 2023Manager relationship started
    Invesco Investment Management Co appears on I.B.E.W. Local 456 Pension Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Invesco Investment Management Coaskebsa.dol.gov
  • Dec 31, 2023Assets changed
    I.B.E.W. Local 456 Pension Plan total assets $244M -> $276M (+13.0%, 2022-12-31 to 2023-12-31)
    askebsa.dol.gov
  • Jan 1, 2023Funded status changed
    I.B.E.W. Local 456 Pension Plan funded ratio 106.8% -> 87.1% (2022-01-01 to 2023-01-01)
    askebsa.dol.gov
  • Jan 1, 2023Assets changed
    I.B.E.W. Local 456 Pension Plan plan assets $286M -> $243M (-15.2%, 2022-01-01 to 2023-01-01)
    askebsa.dol.gov
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Provenance
Identifiers: EIN-PN 226238995-001
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.