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

The Pnc Financial Services Group, Inc. Pension Plan

Corporate pensionPittsburgh, PA
Assets
$5.5B
Total assets, Dec 31, 2024 reported
Funded
97.5%
Jan 1, 2024
Private markets target
n/a
policy Dec 31, 2024
Commitments
32
5 managers on Schedule C
Plan sponsor: The Pnc Financial Services Group, Inc.
Allocation policy
Form 5500, as of Dec 31, 2024
Actual allocation lines without a target (as filed)
  • Interest-bearing cash 4.6%
  • Corporate debt instruments (other) 12.4%
  • U.S. Government securities 12.5%
  • Other investments 17.2%
  • Common/collective trusts 42.8%
  • Registered investment companies 2.7%
  • Common stock 7.4%
Consultants and advisers
4 firms
People
No investment staff or executives have been read for this allocator yet.
Manager roster
6 managers on the commitment tape
From the plan’s own commitment disclosures
From Schedule C (investment management, code 28)
Commitments
32 rows, 0 dated closings
Disclosed holdings (from the plan’s performance or holdings report, as of the report date)
DateFundManagerBucketAmountVintageStatusSource
as of Dec 31, 2024Equity Index Fundcollective trustWells FargoPublic equity$384M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Aberdeen Eafe Plus Fundcollective trustAberdeen Asset Management, IncPooled vehicles$166M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Marathon-London International Fundcollective trustMarathon LondonPooled vehicles$344M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Aberdeen Emerging Markets Equity Fdcollective trustAberdeenPublic equity$244M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Prisacollective trustPrudential Insurance Company of AmePooled vehicles$93.5M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Urdang Global Real Estate Fdcollective trustThe Bank of New York MellonReal estate$129M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024AEW Core Property Trustcollective trustAEW Core Property TrustReal estate$93.3M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Russell Midcap Index Fund Ccollective trustBlackrock Instl Trust Company N.A.Pooled vehicles$181M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Blackrock Ind Mtg Bdcollective trustBlackrock Instl Trust Company N.A.Pooled vehicles$240M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024CF Blackrock US Strips 20+year Bondcollective trustBlackrock Instl Trust Company N.A.Fixed income$77.9M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024US Inter Treasury Index Fundcollective trustBlackrock Instl Trust Company N.A.Fixed income$45.3M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Acwi Ex-Us Superfundcollective trustBlackrock Institutional Trust Company, N.A.Pooled vehicles$202M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024BGI Russell 1000 Valuecollective trustBlackrock Eq IndexPooled vehicles$164M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Equity Index Fundcollective trustWells FargoPublic equity$355M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Aberdeen Emerging Markets Equity Fdcollective trustAberdeenPublic equity$231M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Marathon-London Intl Fd Group Trustcollective trustMarathon Assets ManagementPooled vehicles$508M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Prudential Gac 40053 Jennisncollective trustPrudential Insurance Company of AmePooled vehicles$95.8M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Urdang Global Real Estate Fdcollective trustThe Bank of New York MellonReal estate$123M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023AEW Core Property Trustcollective trustAEW Core Property TrustReal estate$94.2M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Russell Midcap Index Fund Ccollective trustBlackrock Instl Trust Company N.A.Pooled vehicles$157M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Blackrock Ind Mtg Bdcollective trustBlackrock Instl Trust Company N.A.Pooled vehicles$236M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Russell 3000 Index Fundcollective trustBlackrock Institutional Trust Co,naPooled vehicles$44.2M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Acwi Ex-Us Superfundcollective trustBlackrock Institutional Trust Company, N.A.Pooled vehicles$106M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Equity Index Fundcollective trustWells FargoPublic equity$368M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Aberdeen Emerging Markets Equity Fdcollective trustAberdeenPublic equity$262M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Marathon-London Intl Fd Group Trustcollective trustMarathon Assets ManagementPooled vehicles$438M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Prudential Gac 40053 Jennisncollective trustPrudential Insurance Company of AmePooled vehicles$108M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Urdang Global Real Estate Fdcollective trustThe Bank of New York MellonReal estate$109M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022AEW Core Property Trustcollective trustAEW Core Property TrustReal estate$105M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Russell Midcap Index Fund Ccollective trustBlackrock Instl Trust Company N.A.Pooled vehicles$134M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Blackrock Ind Mtg Bdcollective trustBlackrock Instl Trust Company N.A.Pooled vehicles$225M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Russell 3000 Index Fundcollective trustBlackrock Institutional Trust Co,naPooled vehicles$42.3M heldDisclosed holdingaskebsa.dol.gov
Size and funding
30 readings
Total assets
$5.5B Dec 31, 2024 reported Form 5500
$5.6B (2023-12) · $5.4B (2022-12)
Plan assets
$5.6B Jan 1, 2024 reported Form 5500
$5.4B (2023-01) · $6.8B (2022-01)
Net assets
$5.5B Dec 31, 2024 reported Form 5500
$5.6B (2023-12) · $5.4B (2022-12)
Funded ratio
97.5% Jan 1, 2024 reported Form 5500
97.6% (2023-01) · 111.4% (2022-01)
Funding target
$4.6B Jan 1, 2024 reported Form 5500
$4.6B (2023-01) · $4.2B (2022-01)
Discount rate
5.11% Jan 1, 2024 reported Form 5500
5.23% (2023-01) · 5.34% (2022-01)
Participants
117,919 Jan 1, 2024 reported Form 5500
116,192 (2023-01) · 113,955 (2022-01)
Contributions
$0 Dec 31, 2023 reported Form 5500
$0 (2022-12)
Benefits paid
$388M Dec 31, 2024 reported Form 5500
$327M (2023-12) · $345M (2022-12)
Net investment income
$-107M Dec 31, 2024 reported Form 5500
$235M (2023-12) · $-1.4B (2022-12)
Investment management fees
$16.3M Dec 31, 2024 reported Form 5500
Form 5500 filings
3 plan years
Plan yearParticipantsAssets (SB market)Funding targetFTAPTotal assets (H)Partnerships / JVMaster trustReal estate
2024 to Dec 31, 2024117,919$5.6B$4.6B97.5%$5.5Bn/an/an/a
2023 to Dec 31, 2023116,192$5.4B$4.6B97.6%$5.6Bn/an/an/a
2022 to Dec 31, 2022113,955$6.8B$4.2B111.4%$5.4Bn/an/an/a
Service providers and investment entities as filed (Schedule C and D, latest year first)
What changed
20 events
  • Dec 31, 2024Holding started
    The Pnc Financial Services Group, Inc. Pension Plan first reports an interest in US Inter Treasury Index Fund: $45M at 2024-12-31
    with US Inter Treasury Index Fundaskebsa.dol.gov
  • Dec 31, 2024Holding started
    The Pnc Financial Services Group, Inc. Pension Plan first reports an interest in Marathon-London International Fund (Marathon London): $344M at 2024-12-31
    with Marathon Londonaskebsa.dol.gov
  • Dec 31, 2024Holding started
    The Pnc Financial Services Group, Inc. Pension Plan first reports an interest in Prisa (Prudential Insurance Company of Ame): $93M at 2024-12-31
    with Prudential Insurance Company of Ameaskebsa.dol.gov
  • Dec 31, 2024Holding endedinference
    The Pnc Financial Services Group, Inc. Pension Plan no longer reports Russell 3000 Index Fund (Blackrock Institutional Trust Co,na) (last held $44M at 2023-12-31; absent from the 2024-12-31 filing)
    with Blackrock Institutional Trust Co,naaskebsa.dol.gov
  • Dec 31, 2024Holding started
    The Pnc Financial Services Group, Inc. Pension Plan first reports an interest in CF Blackrock US Strips 20+year Bond: $78M at 2024-12-31
    with CF Blackrock US Strips 20+year Bondaskebsa.dol.gov
  • Dec 31, 2024Holding started
    The Pnc Financial Services Group, Inc. Pension Plan first reports an interest in BGI Russell 1000 Value: $164M at 2024-12-31
    with BGI Russell 1000 Valueaskebsa.dol.gov
  • Dec 31, 2024Holding endedinference
    The Pnc Financial Services Group, Inc. Pension Plan no longer reports Marathon-London Intl Fd Group Trust (last held $508M at 2023-12-31; absent from the 2024-12-31 filing)
    with Marathon-London Intl Fd Group Trustaskebsa.dol.gov
  • Dec 31, 2024Holding started
    The Pnc Financial Services Group, Inc. Pension Plan first reports an interest in Aberdeen Eafe Plus Fund: $166M at 2024-12-31
    with Aberdeen Eafe Plus Fundaskebsa.dol.gov
  • Dec 31, 2024Holding endedinference
    The Pnc Financial Services Group, Inc. Pension Plan no longer reports Prudential Gac 40053 Jennisn (Prudential Insurance Company of Ame) (last held $96M at 2023-12-31; absent from the 2024-12-31 filing)
    with Prudential Insurance Company of Ameaskebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    Pimco Funds appears on The Pnc Financial Services Group, Inc. Pension Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Pimcoaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    Centersquare Inv Mngmt Inc. no longer appears on The Pnc Financial Services Group, Inc. Pension Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Centersquare Investment Mgmt., Inc.askebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    Pacific Investment Mgmt Co LLC no longer appears on The Pnc Financial Services Group, Inc. Pension Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Pacific Investmt Management Co LLCaskebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    Shenkman Capital Management, Inc appears on The Pnc Financial Services Group, Inc. Pension Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Shenkman Capital Management Incaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    Shenkman Capital Mgt no longer appears on The Pnc Financial Services Group, Inc. Pension Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Shenkman Capital Mgtaskebsa.dol.gov
  • Dec 31, 2023Holding started
    The Pnc Financial Services Group, Inc. Pension Plan first reports an interest in Acwi Ex-Us Superfund: $106M at 2023-12-31
    with Acwi Ex-Us Superfundaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    First Principles Capital Mgt no longer appears on The Pnc Financial Services Group, Inc. Pension Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with First Principles Capital Mgtaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    Warren Averrett no longer appears on The Pnc Financial Services Group, Inc. Pension Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Warren Averrettaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    Barings no longer appears on The Pnc Financial Services Group, Inc. Pension Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Barings LLCaskebsa.dol.gov
  • Jan 1, 2023Funded status changed
    The Pnc Financial Services Group, Inc. Pension Plan funded ratio 111.4% -> 97.6% (2022-01-01 to 2023-01-01)
    askebsa.dol.gov
  • Jan 1, 2023Assets changed
    The Pnc Financial Services Group, Inc. Pension Plan plan assets $6.8B -> $5.4B (-21.0%, 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 251435979-002
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.