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

Madison Gas and Electric Company Retirement Plan for Bargaining Employees

Corporate pensionMadison, WI

Assets

$182M

Total assets, Dec 31, 2024 reported

Funded

108.7%

Jan 1, 2024

Private markets target

n/a

policy Dec 31, 2024

Commitments

none on the tape

Plan sponsor: Madison Gas and Electric Company

Allocation policy

Form 5500, as of Dec 31, 2024

Actual allocation lines without a target (as filed)

Other investments 5.6%
Pooled separate accounts 94.3%

Consultants and advisers

2 firms

Prudential Retirement & Annuity Ins Actuarythrough Dec 31, 2022 Form 5500
Empower Actuarythrough Dec 31, 2022 Form 5500

People

No investment staff or executives have been read for this allocator yet.

Manager roster

1 managers on the commitment tape

From the plan’s own commitment disclosures

Prudential Retirement & Annuity Ins49 rows, latest Dec 31, 2024

Commitments

49 rows, 0 dated closings

Disclosed holdings (from the plan’s performance or holdings report, as of the report date)

Date	Fund	Manager	Bucket	Amount	Status	Source
as of Dec 31, 2024	Dryden S&p 500 Indexseparate account	Prudential Retirement & Annuity Ins	Pooled vehicles	$16.7M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2024	High Yield Bond / Pgim Fundseparate account	Prudential Retirement & Annuity Ins	Fixed income	$9.5M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2024	Intl Bld II Fd (mngd by Mfs)separate account	Prudential Retirement & Annuity Ins	Pooled vehicles	$9.2M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2024	Large Cap Growth/jennisonseparate account	Prudential Retirement & Annuity Ins	Public equity	$8.5M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2024	Largecapgrowth / Mfs Fundseparate account	Prudential Retirement & Annuity Ins	Pooled vehicles	$8.5M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2024	Large Cap Value/barrow Hanleyseparate account	Prudential Retirement & Annuity Ins	Public equity	$8.5M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2024	Large Cap Value/lsv Asset Mgmtseparate account	Prudential Retirement & Annuity Ins	Public equity	$8.4M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2024	Long Duration Bond/ir&m Fundseparate account	Prudential Retirement & Annuity Ins	Fixed income	$27.2M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2024	Mid Growth / Westfield Capitalseparate account	Prudential Retirement & Annuity Ins	Pooled vehicles	$5.6M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2024	Prudential Short-Termseparate account	Prudential Retirement & Annuity Ins	Cash	$2.9M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2024	Small Cap Growth/emeraldseparate account	Prudential Retirement & Annuity Ins	Public equity	$7.5M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2024	Small Cap Value/kennedy Capitseparate account	Prudential Retirement & Annuity Ins	Public equity	$7.2M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2024	PRU Long Corporate Bondseparate account	Prudential Retirement & Annuity Ins	Fixed income	$27.6M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2024	International Growth/artisanseparate account	Prudential Retirement & Annuity Ins	Pooled vehicles	$9.5M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2024	Intl Blend/aqrseparate account	Prudential Retirement & Annuity Ins	Pooled vehicles	$9.4M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2024	Mid Cap Value/integrityseparate account	Prudential Retirement & Annuity Ins	Pooled vehicles	$5.5M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	Dryden S&p 500 Indexseparate account	Prudential Retirement & Annuity Ins	Pooled vehicles	$16.7M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	High Yield Bond / Pgim Fundseparate account	Prudential Retirement & Annuity Ins	Fixed income	$8.8M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	Intl Bld II Fd (mngd by Mfs)separate account	Prudential Retirement & Annuity Ins	Pooled vehicles	$10.3M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	Large Cap Growth/jennisonseparate account	Prudential Retirement & Annuity Ins	Public equity	$9.1M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	Largecapgrowth / Mfs Fundseparate account	Prudential Retirement & Annuity Ins	Pooled vehicles	$8.8M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	Large Cap Value/barrow Hanleyseparate account	Prudential Retirement & Annuity Ins	Public equity	$8.6M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	Large Cap Value/lsv Asset Mgmtseparate account	Prudential Retirement & Annuity Ins	Public equity	$8.7M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	Long Duration Bond/ir&m Fundseparate account	Prudential Retirement & Annuity Ins	Fixed income	$19.5M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	Mcv/pgim Quant Solutions Fdseparate account	Prudential Retirement & Annuity Ins	Pooled vehicles	$26,678 held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	Mid Growth / Westfield Capitalseparate account	Prudential Retirement & Annuity Ins	Pooled vehicles	$6.6M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	Prudential Short-Termseparate account	Prudential Retirement & Annuity Ins	Cash	$3.1M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	Small Cap Growth/emeraldseparate account	Prudential Retirement & Annuity Ins	Public equity	$8.2M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	Small Cap Value/kennedy Capitseparate account	Prudential Retirement & Annuity Ins	Public equity	$7.8M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	PRU Long Corporate Bondseparate account	Prudential Retirement & Annuity Ins	Fixed income	$20.1M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	International Growth/artisanseparate account	Prudential Retirement & Annuity Ins	Pooled vehicles	$10.1M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	Intl Blend/aqrseparate account	Prudential Retirement & Annuity Ins	Pooled vehicles	$10.3M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	Mid Cap Value/integrityseparate account	Prudential Retirement & Annuity Ins	Pooled vehicles	$6.3M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	Dryden S&p 500 Indexseparate account	Prudential Retirement & Annuity Ins	Pooled vehicles	$15.3M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	High Yield Bond / Pgim Fundseparate account	Prudential Retirement & Annuity Ins	Fixed income	$7.0M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	Intl Bld II Fd (mngd by Mfs)separate account	Prudential Retirement & Annuity Ins	Pooled vehicles	$9.5M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	Large Cap Growth/jennisonseparate account	Prudential Retirement & Annuity Ins	Public equity	$6.8M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	Largecapgrowth / Mfs Fundseparate account	Prudential Retirement & Annuity Ins	Pooled vehicles	$7.3M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	Intl Blend/aqrseparate account	Prudential Retirement & Annuity Ins	Pooled vehicles	$10.1M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	Large Cap Value/barrow Hanleyseparate account	Prudential Retirement & Annuity Ins	Public equity	$9.2M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	Large Cap Value/lsv Asset Mgmtseparate account	Prudential Retirement & Annuity Ins	Public equity	$9.0M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	Long Duration Bond/ir&m Fundseparate account	Prudential Retirement & Annuity Ins	Fixed income	$16.7M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	Mcv/pgim Quant Solutions Fdseparate account	Prudential Retirement & Annuity Ins	Pooled vehicles	$5.8M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	Mid Growth / Westfield Capitalseparate account	Prudential Retirement & Annuity Ins	Pooled vehicles	$5.3M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	Prudential Short-Termseparate account	Prudential Retirement & Annuity Ins	Cash	$1.8M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	Small Cap Growth/emeraldseparate account	Prudential Retirement & Annuity Ins	Public equity	$6.9M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	Small Cap Value/kennedy Capitseparate account	Prudential Retirement & Annuity Ins	Public equity	$7.0M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	PRU Long Corporate Bondseparate account	Prudential Retirement & Annuity Ins	Fixed income	$17.1M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	International Growth/artisanseparate account	Prudential Retirement & Annuity Ins	Pooled vehicles	$9.8M held	Disclosed holding	askebsa.dol.gov

Size and funding

31 readings

Total assets

$182M Dec 31, 2024 reported Form 5500

$174M (2023-12) · $160M (2022-12)

Plan assets

$159M Jan 1, 2024 reported Form 5500

$145M (2023-01) · $185M (2022-01)

Net assets

$182M Dec 31, 2024 reported Form 5500

$174M (2023-12) · $160M (2022-12)

Funded ratio

108.7% Jan 1, 2024 reported Form 5500

109.1% (2023-01) · 114.5% (2022-01)

Funding target

$111M Jan 1, 2024 reported Form 5500

$111M (2023-01) · $109M (2022-01)

Discount rate

5.13% Jan 1, 2024 reported Form 5500

5.26% (2023-01) · 5.43% (2022-01)

Participants

452 Jan 1, 2024 reported Form 5500

462 (2023-01) · 468 (2022-01)

Contributions

$0 Dec 31, 2024 reported Form 5500

$0 (2023-12) · $0 (2022-12)

Benefits paid

$9.4M Dec 31, 2024 reported Form 5500

$8.5M (2023-12) · $8.3M (2022-12)

Net investment income

$8.2M Dec 31, 2024 reported Form 5500

$14.4M (2023-12) · $-44.7M (2022-12)

Investment management fees

$11,419 Dec 31, 2024 reported Form 5500

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	452	$159M	$111M	108.8%	$182M	n/a	n/a	n/a
2023 to Dec 31, 2023	462	$145M	$111M	109.1%	$174M	n/a	n/a	n/a
2022 to Dec 31, 2022	468	$185M	$109M	114.5%	$160M	n/a	n/a	n/a

Service providers and investment entities as filed (Schedule C and D, latest year first)

Empower Annuity Insurance Company codes 11 $122,161 PY2024
Clifton Arsonallen LLP codes 10 $11,418 PY2024
HUB International codes 73 $7,036 PY2024
Intl Bld II Fd Sched. D P $9.2M PY2024
Large Cap Growth/jennison Sched. D P $8.5M PY2024
Largecapgrowth / Mfs Fund Sched. D P $8.5M PY2024
Large Cap Value/barrow Hanley Sched. D P $8.5M PY2024
Large Cap Value/lsv Asset Mgmt Sched. D P $8.4M PY2024
Long Duration Bond/ir&m Fund Sched. D P $27.2M PY2024
Mcv/pgim Quant Solutions Fd Sched. D P PY2024
MID Growth / Westfield Capital Sched. D P $5.6M PY2024
Pgim Short-Term (isp) Sched. D P $2.9M PY2024
Small Cap Growth/emerald Sched. D P $7.5M PY2024
Small Cap Value/kennedy Capit Sched. D P $7.2M PY2024
Pgim Long Corporate Bond (isp) Sched. D P $27.6M PY2024
International Growth/artisan Sched. D P $9.5M PY2024
Intl Blend/aqr Sched. D P $9.4M PY2024
MID Cap Value Integrity Sched. D P $5.5M PY2024
Dryden S&p 500 Index Sched. D P $16.7M PY2024
High Yield Bond / Pgim Fund Sched. D P $9.5M PY2024
Empower codes 11 PY2024
Empower Annuity Insurance Company codes 11 $95,293 PY2023
Clifton Arsonallen LLP codes 10 $10,868 PY2023
HUB International codes 73 $7,351 PY2023
High Yield Bond / Pgim Fund Sched. D P $8.8M PY2023
Intl Bld II Fd Sched. D P $10.3M PY2023
Large Cap Growth/jennison Sched. D P $9.1M PY2023
Largecapgrowth / Mfs Fund Sched. D P $8.8M PY2023
Large Cap Value/barrow Hanley Sched. D P $8.6M PY2023
Large Cap Value/lsv Asset Mgmt Sched. D P $8.7M PY2023
Long Duration Bond/ir&m Fund Sched. D P $19.5M PY2023
Mcv/pgim Quant Solutions Fd Sched. D P $26,678 PY2023
Mid Growth / Westfield Capital Sched. D P $6.6M PY2023
Pgim Short-Term (isp) Sched. D P $3.1M PY2023
Small Cap Growth/emerald Sched. D P $8.2M PY2023
Small Cap Value/kennedy Capit Sched. D P $7.8M PY2023
Pgim Long Corporate Bond (isp) Sched. D P $20.1M PY2023
International Growth/artisan Sched. D P $10.1M PY2023
Intl Blend/aqr Sched. D P $10.3M PY2023
Mid Cap Value Integrity Sched. D P $6.3M PY2023
Dryden S&p 500 Index Sched. D P $16.7M PY2023
Empower codes 11 PY2023
Prudential Retirement Insurance and codes 11 $35,745 PY2022
Clifton Arsonallen LLP codes 10 $10,267 PY2022
HUB International Midwest Ltd codes 73 $8,892 PY2022
Intl Bld II Fd Sched. D P $9.5M PY2022
Large Cap Growth/jennison Sched. D P $6.8M PY2022
Largecapgrowth / Mfs Fund Sched. D P $7.3M PY2022
Large Cap Value/barrow Hanley Sched. D P $9.2M PY2022
Large Cap Value/lsv Asset Mgmt Sched. D P $9.0M PY2022
Long Duration Bond/ir&m Fund Sched. D P $16.7M PY2022
Mcv/pgim Quant Solutions Fd Sched. D P $5.8M PY2022
Mid Growth / Westfield Capital Sched. D P $5.3M PY2022
Prudential Short-Term Sched. D P $1.8M PY2022
Small Cap Growth/emerald Sched. D P $6.9M PY2022
Small Cap Value/kennedy Capit Sched. D P $7.0M PY2022
PRU Long Corporate Bond Sched. D P $17.1M PY2022
International Growth/artisan Sched. D P $9.8M PY2022
Intl Blend/aqr Sched. D P $10.1M PY2022
Dryden S&p 500 Index Sched. D P $15.3M PY2022
High Yield Bond / Prudential Sched. D P $7.0M PY2022
Empower codes 11 PY2022

What changed

4 events

Dec 31, 2024Holding endedinference
Madison Gas and Electric Company Retirement Plan for Bargaining Employees no longer reports Mcv/pgim Quant Solutions Fd (Prudential Retirement & Annuity Ins) (last held $26,678 at 2023-12-31; absent from the 2024-12-31 filing)
with Prudential Retirement & Annuity Insaskebsa.dol.gov
Dec 31, 2023Holding started
Madison Gas and Electric Company Retirement Plan for Bargaining Employees first reports an interest in Mid Cap Value/integrity (Prudential Retirement & Annuity Ins): $6M at 2023-12-31
with Prudential Retirement & Annuity Insaskebsa.dol.gov
Jan 1, 2023Funded status changed
Madison Gas and Electric Company Retirement Plan for Bargaining Employees funded ratio 114.5% -> 109.1% (2022-01-01 to 2023-01-01)
askebsa.dol.gov
Jan 1, 2023Assets changed
Madison Gas and Electric Company Retirement Plan for Bargaining Employees plan assets $185M -> $145M (-21.6%, 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 390444025-001

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.