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
Retirement Plan for Employees of Cullen/frost Bankers, Inc. & Its Affiliates
Corporate pensionSAN Antonio, TX
Assets
$170M
Total assets, Dec 31, 2024 reported
Funded
111.7%
Jan 1, 2024
Private markets target
n/a
policy Dec 31, 2024
Commitments
0
none on the tape
Plan sponsor: Cullen/frost Bankers, Inc.
Allocation policy
Form 5500, as of Dec 31, 2024
Actual allocation lines without a target (as filed)
- Interest-bearing cash 0.3%
- Corporate debt instruments (other) 36.4%
- U.S. Government securities 18.5%
- Other investments 15.1%
- Registered investment companies 20.3%
- Common stock 8.8%
Consultants and advisers
3 firms
- Frost Bank Trusteethrough Dec 31, 2022 Form 5500
- Aon Actuarythrough Dec 31, 2022 Form 5500
- AON Consulting, Inc. Actuarythrough Dec 31, 2022 Form 5500
People
No investment staff or executives have been read for this allocator yet.
Manager roster
No manager relationship is on the tape for this allocator.
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
30 readings
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 | 2,378 | $175M | $128M | 111.7% | $170M | n/a | n/a | n/a |
| 2023 to Dec 31, 2023 | 2,444 | $162M | $132M | 111.8% | $175M | n/a | n/a | n/a |
| 2022 to Dec 31, 2022 | 2,506 | $198M | $133M | 113.4% | $158M | n/a | n/a | n/a |
Service providers and investment entities as filed (Schedule C and D, latest year first)
- Frost Bank codes 21 24 50 51 52 62 99 $518,299 PY2024
- AON Consulting codes 11 15 17 50 $287,102 PY2024
- Ernst & Young LLP codes 10 50 $45,300 PY2024
- AON Consulting, Inc. codes 11 PY2024
- Frost Bank codes 21 24 50 51 52 62 99 $490,833 PY2023
- AON Consulting codes 11 15 17 50 $264,329 PY2023
- Ernst & Young LLP codes 10 50 $41,000 PY2023
- AON Consulting, Inc. codes 11 PY2023
- Frost Bank codes 21 24 50 51 52 62 99 $518,198 PY2022
- AON Consulting codes 11 15 17 50 $212,342 PY2022
- Ernst & Young LLP codes 10 50 $33,800 PY2022
- AON Consulting, Inc. codes 11 PY2022
What changed
2 events
- Dec 31, 2023Assets changedRetirement Plan for Employees of Cullen/frost Bankers, Inc. & Its Affiliates total assets $158M -> $175M (+10.3%, 2022-12-31 to 2023-12-31)
- Jan 1, 2023Assets changedRetirement Plan for Employees of Cullen/frost Bankers, Inc. & Its Affiliates plan assets $198M -> $162M (-18.2%, 2022-01-01 to 2023-01-01)
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Provenance
Identifiers: EIN-PN 741751768-002
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.