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

Allete & Affiliated Companies Retirement Plan C

Corporate pensionDuluth, MN
Assets
$422M
Total assets, Dec 31, 2024 reported
Funded
89.8%
Jan 1, 2024
Private markets target
n/a
policy Dec 31, 2024
Commitments
0
none on the tape
Plan sponsor: Allete, Inc. & Affiliated Companies
Allocation policy
Form 5500, as of Dec 31, 2024
Actual allocation lines without a target (as filed)
  • Non-interest-bearing cash 0.0%
  • Master trust investment accounts 99.6%
Consultants and advisers
2 firms
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)
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
32 readings
Total assets
$422M Dec 31, 2024 reported Form 5500
$426M (2023-12) · $427M (2022-12)
Plan assets
$426M Jan 1, 2024 reported Form 5500
$427M (2023-01) · $564M (2022-01)
Net assets
$422M Dec 31, 2024 reported Form 5500
$426M (2023-12) · $427M (2022-12)
Funded ratio
89.8% Jan 1, 2024 reported Form 5500
88.9% (2023-01) · 111.5% (2022-01)
Funding target
$513M Jan 1, 2024 reported Form 5500
$528M (2023-01) · $504M (2022-01)
Discount rate
5.03% Jan 1, 2024 reported Form 5500
5.15% (2023-01) · 5.31% (2022-01)
Participants
1,742 Jan 1, 2024 reported Form 5500
1,767 (2023-01) · 1,852 (2022-01)
Contributions
$6.6M Dec 31, 2024 reported Form 5500
$7.4M (2023-12)
Benefits paid
$46.4M Dec 31, 2024 reported Form 5500
$46.1M (2023-12) · $45.3M (2022-12)
Net investment income
$24.2M Dec 31, 2024 reported Form 5500
$-3.0M (2023-12) · $-145M (2022-12)
Investment management fees
$743,247 Dec 31, 2024 reported Form 5500
$218,617 (2023-12) · $56,968 (2022-12)
Form 5500 filings
3 plan years
Plan yearParticipantsAssets (SB market)Funding targetFTAPTotal assets (H)Partnerships / JVMaster trustReal estate
2024 to Dec 31, 20241,742$426M$513M89.8%$422Mn/a$420Mn/a
2023 to Dec 31, 20231,767$427M$528M88.9%$426Mn/a$419Mn/a
2022 to Dec 31, 20221,852$564M$504M111.5%$427Mn/a$427Mn/a
Service providers and investment entities as filed (Schedule C and D, latest year first)
What changed
3 events
  • Dec 31, 2023Manager relationship started
    Pimco appears on Allete & Affiliated Companies Retirement Plan C's Schedule C as investment manager (plan year 2023 vs 2022)
    with Pacific Investmt Management Co LLCaskebsa.dol.gov
  • Jan 1, 2023Funded status changed
    Allete & Affiliated Companies Retirement Plan C funded ratio 111.5% -> 88.9% (2022-01-01 to 2023-01-01)
    askebsa.dol.gov
  • Jan 1, 2023Assets changed
    Allete & Affiliated Companies Retirement Plan C plan assets $564M -> $427M (-24.4%, 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 410418150-005
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.