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
Financial Accounting Foundation Employees' Pension Plan
Corporate pensionNorwalk, CT
Assets
$98,913
Total assets, Dec 31, 2025 reported
Funded
63.6%
Jan 1, 2024
Private markets target
n/a
policy Dec 31, 2025
Commitments
0
1 managers on Schedule C
Plan sponsor: Financial Accounting Foundation
Allocation policy
Form 5500, as of Dec 31, 2025
Actual allocation lines without a target (as filed)
- Non-interest-bearing cash 100.0%
- Registered investment companies 0.0%
Consultants and advisers
3 firms
- US Bank Trusteethrough Dec 31, 2025 Form 5500
- Vanguard Advisors Inc. Trusteethrough Dec 31, 2023 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 Schedule C
From Schedule C (investment management, code 28)
- Mercer Investments LLCplan years 2025
- Vanguard Advisors Inc.plan years 2022
Commitments
No fund commitments are on the tape for this allocator. The tape holds the plans that publish their own private-markets reports; a plan that publishes one and is not here is a gap we can close.
Size and funding
40 readings
Total assets
$18.8M (2024-12) · $19.1M (2023-12) · $19.0M (2022-12)
Contributions
$1.4M (2024-12) · $0 (2023-12) · $1.5M (2022-12)
Benefits paid
$1.4M (2024-12) · $1.2M (2023-12) · $1.9M (2022-12)
Net investment income
$-214,941 (2024-12) · $12,665 (2023-12) · $-5.2M (2022-12)
Investment management fees
$43,198 (2024-12) · $27,021 (2023-12) · $31,631 (2022-12)
Form 5500 filings
4 plan years
| Plan year | Participants | Assets (SB market) | Funding target | FTAP | Total assets (H) | Partnerships / JV | Master trust | Real estate |
|---|---|---|---|---|---|---|---|---|
| 2025 to Dec 31, 2025 | 144 | n/a | n/a | n/a | $98,913 | n/a | n/a | n/a |
| 2024 to Dec 31, 2024 | 150 | $19.1M | $18.5M | 63.6% | $18.8M | n/a | n/a | n/a |
| 2023 to Dec 31, 2023 | 153 | $19.0M | $18.8M | 65.0% | $19.1M | n/a | n/a | n/a |
| 2022 to Dec 31, 2022 | 157 | $24.3M | $19.1M | 82.1% | $19.0M | n/a | n/a | n/a |
Service providers and investment entities as filed (Schedule C and D, latest year first)
- Mercer Investments LLC codes 28 51 52 $29,286 PY2025
- U.S.BANK National Association codes 21 28 50 51 $10,000 PY2025
- Vanguard Advisors Inc. codes 21 28 50 51 $43,198 PY2024
- Willis Towers Watson US LLC codes 11 PY2024
- Vanguard Advisors Inc. codes 21 28 50 51 $27,022 PY2023
- Willis Towers Watson US LLC codes 11 PY2023
- Vanguard Advisors Inc. codes 28 51 $36,631 PY2022
- Willis Towers Watson US LLC codes 11 PY2022
What changed
6 events
- Dec 31, 2025Manager relationship endedinferenceVanguard Advisors Inc. no longer appears on Financial Accounting Foundation Employees' Pension Plan's Schedule C as investment manager (plan year 2025 vs 2024)with Vanguard Advisors Inc.askebsa.dol.gov
- Dec 31, 2025Manager relationship startedU.S.BANK National Association appears on Financial Accounting Foundation Employees' Pension Plan's Schedule C as investment manager (plan year 2025 vs 2024)with US Bankaskebsa.dol.gov
- Dec 31, 2025Manager relationship startedMercer Investments LLC appears on Financial Accounting Foundation Employees' Pension Plan's Schedule C as investment manager (plan year 2025 vs 2024)with Mercer Investments LLCaskebsa.dol.gov
- Dec 31, 2025Assets changedFinancial Accounting Foundation Employees' Pension Plan total assets $19M -> $98,913 (-99.5%, 2024-12-31 to 2025-12-31)
- Jan 1, 2023Funded status changedFinancial Accounting Foundation Employees' Pension Plan funded ratio 82.1% -> 65.0% (2022-01-01 to 2023-01-01)
- Jan 1, 2023Assets changedFinancial Accounting Foundation Employees' Pension Plan plan assets $24M -> $19M (-21.7%, 2022-01-01 to 2023-01-01)
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Provenance
Identifiers: EIN-PN 237211935-002
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.