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

Cummins Pension Plan

Corporate pensionColumbus, IN
Assets
$3.2B
Total assets, Dec 31, 2024 reported
Funded
134.9%
Jan 1, 2024
Private markets target
n/a
policy Dec 31, 2024
Commitments
51
none on the tape
Plan sponsor: Cummins Inc.
Allocation policy
Form 5500, as of Dec 31, 2024
Actual allocation lines without a target (as filed)
  • Non-interest-bearing cash 1.5%
  • Corporate debt instruments (other) 11.7%
  • Corporate debt instruments (preferred) 1.0%
  • U.S. Government securities 0.7%
  • Other investments 0.5%
  • Partnership/joint venture interests 15.3%
  • 103-12 investment entities 0.7%
  • Common/collective trusts 61.8%
  • Pooled separate accounts 2.6%
  • Common stock 2.9%
Consultants and advisers
6 firms
People
No investment staff or executives have been read for this allocator yet.
Manager roster
4 managers on the commitment tape
From the plan’s own commitment disclosures
From Schedule C (investment management, code 28)
Commitments
51 rows, 0 dated closings
Disclosed holdings (from the plan’s performance or holdings report, as of the report date)
DateFundManagerBucketAmountVintageStatusSource
as of Dec 31, 2024AON Enhanced Liability Driven Invescollective trustAON Trust Company LLCPooled vehicles$384M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024GQG Partners International Equitycollective trustReliance Trust CompanyPublic equity$26.1M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024NT Collective Short Term Investmentcollective trustNorthern Trust Collective Eafe IndeCash$312M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Prisaseparate accountPrudential Insurance Company of AmePooled vehicles$84.8M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024MFB Nt Coll US Mc Eif - Lendingcollective trustNorthern Trust Collective Eafe IndePooled vehicles$74.0M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Arrowstreet Global Equity Acwi Citcollective trustGlobal Trust CompanyPublic equity$108M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Adams Street Pshp Fund 2008 US103 12 ieAdams Street Partners, LLCPooled vehicles$579,828 heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Adams Street Pshp Fund 2008 Non-Us103 12 ieAdams Street Partners, LLCPublic equity$136,285 heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Adams St PT Fd - 2002 US Fd LP103 12 ieAdams Street Partners, LLCPooled vehicles$159,789 heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Adams Street Pshp Fund 2002 Non-Us103 12 ieAdams Street Partners, LLCPublic equity$168,144 heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Adams Street PT Fd - 2007 US Fd LP103 12 ieAdams Street Partners, LLCPooled vehicles$220,935 heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Adams St. Partnership 2007 Non-Us103 12 ieAdams Street Partners, LLCPublic equity$41,037 heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Adams Street Pshp Fund 2010 Non-Us103 12 ieAdams Street Partners, LLCPublic equity$2.5M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Hipep Viii Partnership Feeder Fd LP103 12 ieHipep Viii Partnership Feeder Fund L.P.Pooled vehicles$19.4M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024AON Intermediate Credit Bond Fundcollective trustAON Trust Company LLCPrivate credit$546M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024AON Long Credit Bond Fundcollective trustAON Trust Company LLCPrivate credit$444M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 20241-10 Yr Intermed Govt Bond Inx Fdcollective trustNorthern Trust Collective Eafe IndeFixed income$99.8M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Ntgi Collective Bond Index Fundcollective trustNorthern Trust Collective Eafe IndeFixed income$97.4M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Arrowstreet Global Equity Acwi Citcollective trustGlobal Trust CompanyPublic equity$90.2M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Adams Street Pshp Fund 2008 US103 12 ieAdams Street Partners, LLCPooled vehicles$3.7M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Adams Street Pshp Fund 2008 Non-Us103 12 ieAdams Street Partners, LLCPublic equity$3.4M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Adams St PT Fd - 2002 US Fd LP103 12 ieAdams Street Partners, LLCPooled vehicles$231,765 heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Adams Street Pshp Fund 2002 Non-Us103 12 ieAdams Street Partners, LLCPublic equity$178,775 heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Adams Street PT Fd - 2007 US Fd LP103 12 ieAdams Street Partners, LLCPooled vehicles$1.8M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Adams St. Partnership 2007 Non-Us103 12 ieAdams Street Partners, LLCPublic equity$976,453 heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Adams Street Pshp Fund 2010 Non-Us103 12 ieAdams Street Partners, LLCPublic equity$3.1M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Hipep Viii Partnership Feeder Fd LP103 12 ieHipep Viii Partnership Feeder Fund L.P.Pooled vehicles$18.6M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023AON Enhanced Liability Driven Invescollective trustAON Trust Company LLCPooled vehicles$351M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023GQG Partners International Equitycollective trustReliance Trust CompanyPublic equity$24.5M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023NT Collective Short Term Investmentcollective trustNorthern Trust Collective Eafe IndeCash$330M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Prisaseparate accountPrudential Insurance Company of AmePooled vehicles$92.9M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Intermediate Credit Bond Fundcollective trustAON Hewitt Investment Consulting, IPrivate credit$582M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Long Credit Bond Fundcollective trustAON Hewitt Investment Consulting, IPrivate credit$449M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023MFB Nt Coll US Mc Eif - Lendingcollective trustNorthern Trust Collective Eafe IndePooled vehicles$59.7M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022AON Enhanced Liability Driven Invescollective trustAON Trust Company LLCPooled vehicles$341M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022NT Collective Short Term Investmentcollective trustNorthern Trust Collective Eafe IndeCash$468M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Intermediate Credit Bond Fundcollective trustAON Hewitt Investment Consulting, IPrivate credit$545M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Long Credit Bond Fundcollective trustAON Hewitt Investment Consulting, IPrivate credit$405M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022MFB Nt Coll US Mc Eif - Lendingcollective trustNorthern Trust Collective Eafe IndePooled vehicles$47.4M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Ntgi Collective Bond Index Fundcollective trustNorthern Trust Collective Eafe IndeFixed income$93.4M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Arrowstreet Global Equity Acwi Citcollective trustGlobal Trust CompanyPublic equity$74.0M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Adams Street Pshp Fund 2008 US103 12 ieAdams Street Partners, LLCPooled vehicles$4.7M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Adams Street Pshp Fund 2008 Non-Us103 12 ieAdams Street Partners, LLCPublic equity$4.0M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Adams St PT Fd - 2002 US Fd LP103 12 ieAdams Street Partners, LLCPooled vehicles$362,628 heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Adams Street Pshp Fund 2002 Non-Us103 12 ieAdams Street Partners, LLCPublic equity$161,774 heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Adams Street PT Fd - 2007 US Fd LP103 12 ieAdams Street Partners, LLCPooled vehicles$2.2M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Adams St. Partnership 2007 Non-Us103 12 ieAdams Street Partners, LLCPublic equity$1.2M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Adams Street Pshp Fund 2010 Non-Us103 12 ieAdams Street Partners, LLCPublic equity$3.4M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Hipep Viii Partnership Feeder Fd LP103 12 ieHipep Viii Partnership Feeder Fund L.P.Pooled vehicles$15.9M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Prisaseparate accountPrudential Insurance Company of AmePooled vehicles$106M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022GQG Partners International Equitycollective trustReliance Trust CompanyPublic equity$12.2M heldDisclosed holdingaskebsa.dol.gov
Size and funding
33 readings
Total assets
$3.2B Dec 31, 2024 reported Form 5500
$3.3B (2023-12) · $3.2B (2022-12)
Plan assets
$3.3B Jan 1, 2024 reported Form 5500
$3.2B (2023-01) · $3.5B (2022-01)
Net assets
$3.2B Dec 31, 2024 reported Form 5500
$3.3B (2023-12) · $3.2B (2022-12)
Funded ratio
134.9% Jan 1, 2024 reported Form 5500
144.2% (2023-01) · 153.5% (2022-01)
Funding target
$2.3B Jan 1, 2024 reported Form 5500
$2.2B (2023-01) · $2.1B (2022-01)
Discount rate
5.19% Jan 1, 2024 reported Form 5500
5.26% (2023-01) · 5.39% (2022-01)
Participants
46,287 Jan 1, 2024 reported Form 5500
42,076 (2023-01) · 39,674 (2022-01)
Contributions
$38,751 Dec 31, 2024 reported Form 5500
$42,145 (2023-12) · $25.1M (2022-12)
Benefits paid
$264M Dec 31, 2024 reported Form 5500
$161M (2023-12) · $170M (2022-12)
Net investment income
$-67.7M Dec 31, 2024 reported Form 5500
$52.4M (2023-12) · $-337M (2022-12)
Investment management fees
$3.7M Dec 31, 2024 reported Form 5500
$3.6M (2023-12) · $3.1M (2022-12)
Form 5500 filings
3 plan years
Plan yearParticipantsAssets (SB market)Funding targetFTAPTotal assets (H)Partnerships / JVMaster trustReal estate
2024 to Dec 31, 202446,287$3.3B$2.3B134.9%$3.2B$493Mn/an/a
2023 to Dec 31, 202342,076$3.2B$2.2B144.2%$3.3B$542Mn/an/a
2022 to Dec 31, 202239,674$3.5B$2.1B153.5%$3.2B$571Mn/an/a
Service providers and investment entities as filed (Schedule C and D, latest year first)
  • Alight Solutions LLC codes 15 49 50 $3.4M PY2024
  • AON Investments USA Inc. codes 28 50 51 $1.2M PY2024
  • Willis Towers Watson US LLC codes 11 50 $847,418 PY2024
  • The Northern Trust Company codes 19 21 50 62 $845,593 PY2024
  • Walter Scott & Partners Limited codes 28 50 51 $684,853 PY2024
  • Parametric Portfolio Associates LLC codes 28 50 51 $588,616 PY2024
  • Prudential Ins Co of America codes 28 50 51 52 $506,163 PY2024
  • Reams Asset Management Company, LLC codes 28 50 51 $476,982 PY2024
  • UBS Global Asset Management codes 28 50 51 $198,544 PY2024
  • Sidley Austin LLP codes 29 50 $124,119 PY2024
  • Blue and Co., LLC codes 10 50 $122,400 PY2024
  • Andersen Tax LLC codes 10 50 $98,200 PY2024
  • Populus Group codes 28 50 51 $61,065 PY2024
  • Cummins Inc codes 14 50 $35,489 PY2024
  • Bloomberg Finance LP codes 16 50 $27,000 PY2024
  • Herronpalmer LLC codes 16 50 $25,766 PY2024
  • Plante & Moran, PLLC codes 10 50 $6,800 PY2024
  • Constitution Capital Fund Admin, LP codes 28 52 72 PY2024
  • AON Enhanced Liability Drvn Inst Fd Sched. D C $384M PY2024
  • Reliance Trst Inst Ret Trst Sers 11 Sched. D C $26.1M PY2024
  • Coltv Short Term Invt Fund Sched. D C $312M PY2024
  • Prisa Account Sched. D P $84.8M PY2024
  • Intermediate Credit Bond Fund Sched. D C PY2024
  • Long Credit Bond Fund Sched. D C PY2024
  • NT Clctv US Mkt Cap Ind Fd Lending Sched. D C $74.0M PY2024
  • NT Collective Aggregate Bond Index Sched. D C PY2024
  • Arrowstreet Global Equity Acwi Cit Sched. D C $108M PY2024
  • Adams Street Pshp Fund 2008 US Sched. D E $579,828 PY2024
  • Adams Street Pshp Fund 2008 Non-Us Sched. D E $136,285 PY2024
  • Adams Street Pshp Fund 2002 US Sched. D E $159,789 PY2024
  • Adams Street Pshp Fund 2002 Non-Us Sched. D E $168,144 PY2024
  • Adams Street Pshp Fund 2007 US Sched. D E $220,935 PY2024
  • Adams Street Pshp Fund 2007 Non-Us Sched. D E $41,037 PY2024
  • Adams Street Pshp Fund 2010 Non-Us Sched. D E $2.5M PY2024
  • Hipep Viii Partnership Feeder Fd LP Sched. D E $19.4M PY2024
  • AON Intrmdt Credit Bond Fund Sched. D C $546M PY2024
  • AON Long Credit Bond Fund Sched. D C $444M PY2024
  • NT Coll 1-10 Yrd Intrmdt Gov Bond Sched. D C $99.8M PY2024
  • Willis Towers Watson US LLC codes 11 PY2024
  • Alight Solutions LLC codes 15 49 50 $3.0M PY2023
  • The Northern Trust Company codes 19 21 50 62 $1.0M PY2023
  • UBS Global Asset Management codes 28 50 51 $911,103 PY2023
  • Reams Asset Management Company, LLC codes 28 50 51 $783,548 PY2023
  • Parametric Portfolio Associates LLC codes 28 50 51 $736,416 PY2023
  • Willis Towers Watson US LLC codes 11 50 $713,445 PY2023
  • AON Investments USA Inc. codes 28 50 51 $699,039 PY2023
  • Walter Scott & Partners Limited codes 28 50 51 $449,637 PY2023
  • Sidley Austin LLP codes 29 50 $207,868 PY2023
  • Andersen Tax LLC codes 10 50 $114,300 PY2023
  • Blue and Co., LLC codes 10 50 $112,500 PY2023
  • Herronpalmer LLC codes 16 50 $105,524 PY2023
  • Populus Group codes 28 50 51 $70,822 PY2023
  • Cummins Inc codes 14 50 $57,744 PY2023
  • Bloomberg Finance LP codes 16 50 $24,660 PY2023
  • William Blair Investment Mngmt, LLC codes 28 50 51 $17,913 PY2023
  • Plante & Moran, PLLC codes 10 50 $5,600 PY2023
  • Constitution Capital Fund Admin, LP codes 28 52 72 PY2023
  • NT Collective Aggregate Bond Index Sched. D C $97.4M PY2023
  • Arrowstreet Global Equity Acwi Cit Sched. D C $90.2M PY2023
  • Adams Street Pshp Fund 2008 US Sched. D E $3.7M PY2023
  • Adams Street Pshp Fund 2008 Non-Us Sched. D E $3.4M PY2023
  • Adams Street Pshp Fund 2002 US Sched. D E $231,765 PY2023
  • Adams Street Pshp Fund 2002 Non-Us Sched. D E $178,775 PY2023
  • Adams Street Pshp Fund 2007 US Sched. D E $1.8M PY2023
  • Adams Street Pshp Fund 2007 Non-Us Sched. D E $976,453 PY2023
  • Adams Street Pshp Fund 2010 Non-Us Sched. D E $3.1M PY2023
  • Hipep Viii Partnership Feeder Fd LP Sched. D E $18.6M PY2023
  • AON Enhanced Liability Drvn Inst Fd Sched. D C $351M PY2023
  • GQG Partners Intl Equity Cit Sched. D C $24.5M PY2023
  • Coltv Short Term Invt Fund Sched. D C $330M PY2023
  • Prisa Account Sched. D P $92.9M PY2023
  • Intermediate Credit Bond Fund Sched. D C $582M PY2023
  • Long Credit Bond Fund Sched. D C $449M PY2023
  • NT Clctv US Mkt Cap Ind Fd Lending Sched. D C $59.7M PY2023
  • Willis Towers Watson US LLC codes 11 PY2023
  • Alight Solutions LLC codes 15 49 50 $2.8M PY2022
  • The Northern Trust Company codes 19 21 50 62 $1.2M PY2022
  • AON Investments USA Inc. codes 28 50 51 $714,800 PY2022
  • Parametric Portfolio Associates LLC codes 28 50 51 $692,513 PY2022
  • Willis Towers Watson US LLC codes 11 50 $667,801 PY2022
What changed
13 events
  • Dec 31, 2024Holding started
    Cummins Pension Plan first reports an interest in AON Long Credit Bond Fund (AON Trust Company LLC): $444M at 2024-12-31
    with AON Trust Company LLCaskebsa.dol.gov
  • Dec 31, 2024Holding endedinference
    Cummins Pension Plan no longer reports Long Credit Bond Fund (AON Hewitt Investment Consulting, I) (last held $449M at 2023-12-31; absent from the 2024-12-31 filing)
    with AON Hewitt Investment Consulting, Iaskebsa.dol.gov
  • Dec 31, 2024Holding endedinference
    Cummins Pension Plan no longer reports Ntgi Collective Bond Index Fund (Northern Trust Collective Eafe Inde) (last held $97M at 2023-12-31; absent from the 2024-12-31 filing)
    with Northern Trust Collective Eafe Indeaskebsa.dol.gov
  • Dec 31, 2024Holding started
    Cummins Pension Plan first reports an interest in AON Intermediate Credit Bond Fund (AON Trust Company LLC): $546M at 2024-12-31
    with AON Trust Company LLCaskebsa.dol.gov
  • Dec 31, 2024Holding started
    Cummins Pension Plan first reports an interest in 1-10 Yr Intermed Govt Bond Inx Fd (Northern Trust Collective Eafe Inde): $100M at 2024-12-31
    with Northern Trust Collective Eafe Indeaskebsa.dol.gov
  • Dec 31, 2024Holding endedinference
    Cummins Pension Plan no longer reports Intermediate Credit Bond Fund (AON Hewitt Investment Consulting, I) (last held $582M at 2023-12-31; absent from the 2024-12-31 filing)
    with AON Hewitt Investment Consulting, Iaskebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    Prudential Ins Co of America appears on Cummins Pension Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Prudential Insurance Company of Ameaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    William Blair Investment Mngmt, LLC no longer appears on Cummins Pension Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with William Blair Investment Mgmt, LLCaskebsa.dol.gov
  • Jan 1, 2024Funded status changed
    Cummins Pension Plan funded ratio 144.2% -> 134.9% (2023-01-01 to 2024-01-01)
    askebsa.dol.gov
  • Dec 31, 2023Consultant changedinference
    Old City Securities, LLC no longer appears on Cummins Pension Plan's Schedule C as general consultant (plan year 2023 vs 2022)
    with Old City Securities, LLCaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    Prudential Insurance Co of America no longer appears on Cummins Pension Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Prudential Insurance Company of Ameaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    Blackrock Institutional Trust Co no longer appears on Cummins Pension Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Blackrock Institutional Trust Co,naaskebsa.dol.gov
  • Jan 1, 2023Funded status changed
    Cummins Pension Plan funded ratio 153.5% -> 144.2% (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 350257090-001
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.