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 Security Plan

Corporate pensionArlington, VA
Assets
$11B
Total assets, Dec 31, 2024 reported
Funded
84.4%
Jan 1, 2024
Private markets target
n/a
policy Dec 31, 2024
Commitments
28
1 managers on Schedule C
Plan sponsor: National Rural Electric Cooperative Association
Allocation policy
Form 5500, as of Dec 31, 2024
Actual allocation lines without a target (as filed)
  • Interest-bearing cash 2.5%
  • Non-interest-bearing cash 0.1%
  • Corporate debt instruments (other) 2.5%
  • Corporate debt instruments (preferred) 4.1%
  • U.S. Government securities 3.6%
  • Insurance company general account 0.0%
  • Other investments 0.1%
  • Other loans 0.5%
  • Partnership/joint venture interests 24.1%
  • Common/collective trusts 23.0%
  • Common stock 31.8%
  • Preferred stock 0.0%
Consultants and advisers
37 firms
People
No investment staff or executives have been read for this allocator yet.
Manager roster
5 managers on the commitment tape
From the plan’s own commitment disclosures
From Schedule C (investment management, code 28)
Commitments
28 rows, 0 dated closings
Disclosed holdings (from the plan’s performance or holdings report, as of the report date)
DateFundManagerBucketAmountVintageStatusSource
as of Dec 31, 2024Msci Acwi Ex USA Nl Fundcollective trustState Street Global Advisors TrustPooled vehicles$80.0M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024US Aggregate Bond Index Nl Fundcollective trustState Street - Russell 2000Fixed income$906M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Arrowstreet Global Equity Acwicollective trustArrowstreet Capital LPPublic equity$706M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Global Multi Sector Bond Tr Zcollective trustT Rowe Price Trust CompanyFixed income$174M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Msci Acwi Index Nl Fundcollective trustState Street Gbl EquityPooled vehicles$138M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Pgim Total Return US Hedged Fdcollective trustPrudential Trust Co.Hedge / diversifiers$235M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024CG Intl All Cntry Eq Trst Capitalcollective trustCapital Group InternationalPooled vehicles$314M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024CF Russell Small Cap (r) Indx Nl Sfcollective trustState Street - Russell 2000Public equity$89.8M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Msci Acwi Ex USA Nl Fundcollective trustState Street Global Advisors TrustPooled vehicles$75.7M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023US Aggregate Bond Index Nl Fundcollective trustState Street - Russell 2000Fixed income$15.3M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023S&p 500 Flagship Nl Fundcollective trustState Street - Russell 2000Pooled vehicles$1.1B heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Arrowstreet Global Equity Acwicollective trustArrowstreet Capital LPPublic equity$586M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023CF S&p Small Cap 600 Index Nlcollective trustState Street BankPublic equity$20.0M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Ssga S&p Midcap 400 R Index Nl Fundcollective trustState Street - Russell 2000Pooled vehicles$159M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Global Multi Sector Bond Tr Zcollective trustT. Rowe Price Trust CompanyFixed income$232M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Msci Acwi Index Nl Fundcollective trustState Street Gbl EquityPooled vehicles$50.5M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Pgim Total Return US Hedged Fdcollective trustPrudential Trust Co.Hedge / diversifiers$307M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023CG Intl All Cntry Eq Trst Capitalcollective trustCapital Group InternationalPooled vehicles$357M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Msci Acwi Ex USA Nl Fundcollective trustState Street Global Advisors TrustPooled vehicles$65.3M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022US Aggregate Bond Index Nl Fundcollective trustState Street - Russell 2000Fixed income$14.5M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022S&p 500 Flagship Nl Fundcollective trustState Street - Russell 2000Pooled vehicles$969M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Arrowstreet Global Equity Acwicollective trustArrowstreet Capital LPPublic equity$513M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022CF S&p Small Cap 600 Index Nlcollective trustState Street BankPublic equity$41.2M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022CG Intl All Cntry Eq Trst Capitalcollective trustCapital Group InternationalPooled vehicles$306M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Ssga S&p Midcap 400 R Index Nl Fundcollective trustState Street - Russell 2000Pooled vehicles$301M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Global Multi Sector Bond Tr Zcollective trustT. Rowe Price Trust CompanyFixed income$159M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Msci Acwi Index Nl Fundcollective trustState Street Gbl EquityPooled vehicles$225M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Pgim Total Return US Hedged Fdcollective trustPrudential Trust Co.Hedge / diversifiers$17.2M heldDisclosed holdingaskebsa.dol.gov
Size and funding
33 readings
Total assets
$11B Dec 31, 2024 reported Form 5500
$10B (2023-12) · $9.4B (2022-12)
Plan assets
$10B Jan 1, 2024 reported Form 5500
$9.3B (2023-01) · $12B (2022-01)
Net assets
$11B Dec 31, 2024 reported Form 5500
$10B (2023-12) · $9.3B (2022-12)
Funded ratio
84.4% Jan 1, 2024 reported Form 5500
86.0% (2023-01) · 93.0% (2022-01)
Funding target
$12B Jan 1, 2024 reported Form 5500
$12B (2023-01) · $11B (2022-01)
Discount rate
5.24% Jan 1, 2024 reported Form 5500
5.37% (2023-01) · 5.52% (2022-01)
Participants
75,402 Jan 1, 2024 reported Form 5500
72,697 (2023-01) · 71,269 (2022-01)
Contributions
$1.1B Dec 31, 2024 reported Form 5500
$1.2B (2023-12) · $1.1B (2022-12)
Benefits paid
$794M Dec 31, 2024 reported Form 5500
$1.3B (2023-12) · $2.0B (2022-12)
Net investment income
$1.3B Dec 31, 2024 reported Form 5500
$827M (2023-12) · $-2.3B (2022-12)
Investment management fees
$15.1M Dec 31, 2024 reported Form 5500
$13.4M (2023-12) · $14.7M (2022-12)
Form 5500 filings
3 plan years
Plan yearParticipantsAssets (SB market)Funding targetFTAPTotal assets (H)Partnerships / JVMaster trustReal estate
2024 to Dec 31, 202475,402$10B$12B84.4%$11B$2.8Bn/an/a
2023 to Dec 31, 202372,697$9.3B$12B86.0%$10B$2.7Bn/an/a
2022 to Dec 31, 202271,269$12B$11B93.0%$9.4B$2.6Bn/an/a
Service providers and investment entities as filed (Schedule C and D, latest year first)
What changed
25 events
  • Dec 31, 2024Holding endedinference
    Retirement Security Plan no longer reports S&p 500 Flagship Nl Fund (State Street - Russell 2000) (last held $1.1B at 2023-12-31; absent from the 2024-12-31 filing)
    with State Street - Russell 2000askebsa.dol.gov
  • Dec 31, 2024Holding started
    Retirement Security Plan first reports an interest in CF Russell Small Cap (r) Indx Nl Sf (State Street - Russell 2000): $90M at 2024-12-31
    with State Street - Russell 2000askebsa.dol.gov
  • Dec 31, 2024Holding endedinference
    Retirement Security Plan no longer reports CF S&p Small Cap 600 Index Nl (last held $20M at 2023-12-31; absent from the 2024-12-31 filing)
    with CF S&p Small Cap 600 Index Nlaskebsa.dol.gov
  • Dec 31, 2024Holding endedinference
    Retirement Security Plan no longer reports Ssga S&p Midcap 400 R Index Nl Fund (State Street - Russell 2000) (last held $159M at 2023-12-31; absent from the 2024-12-31 filing)
    with State Street - Russell 2000askebsa.dol.gov
  • Dec 31, 2024Consultant changedinference
    Dexian LLC appears on Retirement Security Plan's Schedule C as general consultant (plan year 2024 vs 2023)
    with Dexian LLCaskebsa.dol.gov
  • Dec 31, 2024Consultant changedinference
    Ccietec no longer appears on Retirement Security Plan's Schedule C as general consultant (plan year 2024 vs 2023)
    with Ccietecaskebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    Blackrock Financial Management Inc appears on Retirement Security Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Blackrock Financial Management, Incaskebsa.dol.gov
  • Dec 31, 2024Consultant changedinference
    Reasonn LLC appears on Retirement Security Plan's Schedule C as general consultant (plan year 2024 vs 2023)
    with Reasonn LLCaskebsa.dol.gov
  • Dec 31, 2024Consultant changedinference
    FIS Capital Markets US LLC no longer appears on Retirement Security Plan's Schedule C as general consultant (plan year 2024 vs 2023)
    with FIS Capital Markets US LLCaskebsa.dol.gov
  • Dec 31, 2024Consultant changedinference
    Signature Commercial Solutions LLC appears on Retirement Security Plan's Schedule C as general consultant (plan year 2024 vs 2023)
    with Signature Commercial Solutions LLCaskebsa.dol.gov
  • Dec 31, 2024Consultant changedinference
    Cloudberry Creative Inc no longer appears on Retirement Security Plan's Schedule C as general consultant (plan year 2024 vs 2023)
    with Cloudberry Creative Incaskebsa.dol.gov
  • Dec 31, 2024Consultant changedinference
    Askia LLC appears on Retirement Security Plan's Schedule C as general consultant (plan year 2024 vs 2023)
    with Askia LLCaskebsa.dol.gov
  • Dec 31, 2024Consultant changedinference
    Nextup Solutions LLC no longer appears on Retirement Security Plan's Schedule C as general consultant (plan year 2024 vs 2023)
    with Nextup Solutions LLCaskebsa.dol.gov
  • Dec 31, 2024Assets changed
    Retirement Security Plan total assets $10.2B -> $11.5B (+12.7%, 2023-12-31 to 2024-12-31)
    askebsa.dol.gov
  • Dec 31, 2023Consultant changedinference
    Cloudberry Creative Inc appears on Retirement Security Plan's Schedule C as general consultant (plan year 2023 vs 2022)
    with Cloudberry Creative Incaskebsa.dol.gov
  • Dec 31, 2023Consultant changedinference
    Mekanic LLC no longer appears on Retirement Security Plan's Schedule C as general consultant (plan year 2023 vs 2022)
    with Mekanic LLCaskebsa.dol.gov
  • Dec 31, 2023Consultant changedinference
    Spectrum Financial Services appears on Retirement Security Plan's Schedule C as general consultant (plan year 2023 vs 2022)
    with Spectrum Financial Servicesaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    AGF Investments America Inc no longer appears on Retirement Security Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with AGF Investments America Incaskebsa.dol.gov
  • Dec 31, 2023Consultant changedinference
    Midtown Group no longer appears on Retirement Security Plan's Schedule C as general consultant (plan year 2023 vs 2022)
    with Midtown Groupaskebsa.dol.gov
  • Dec 31, 2023Consultant changedinference
    Reasonn LLC no longer appears on Retirement Security Plan's Schedule C as general consultant (plan year 2023 vs 2022)
    with Reasonn LLCaskebsa.dol.gov
  • Dec 31, 2023Consultant changedinference
    Protiviti Inc appears on Retirement Security Plan's Schedule C as general consultant (plan year 2023 vs 2022)
    with Protiviti Incaskebsa.dol.gov
  • Dec 31, 2023Consultant changedinference
    Collaborative Solutions LLC no longer appears on Retirement Security Plan's Schedule C as general consultant (plan year 2023 vs 2022)
    with Cognizant Worldwide Limitedaskebsa.dol.gov
  • Dec 31, 2023Consultant changedinference
    Signature Commercial Solutions LLC no longer appears on Retirement Security Plan's Schedule C as general consultant (plan year 2023 vs 2022)
    with Signature Commercial Solutions LLCaskebsa.dol.gov
  • Jan 1, 2023Funded status changed
    Retirement Security Plan funded ratio 93.0% -> 86.0% (2022-01-01 to 2023-01-01)
    askebsa.dol.gov
  • Jan 1, 2023Assets changed
    Retirement Security Plan plan assets $11.6B -> $9.3B (-19.5%, 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 530116145-333
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.