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
Blue Cross Blue Shield of Michigan Employees' Retirement Account Plan
Corporate pensionDetroit, MI
Assets
$893M
Total assets, Dec 31, 2024 reported
Funded
92.2%
Jan 1, 2024
Private markets target
n/a
policy Dec 31, 2024
Commitments
0
none on the tape
Plan sponsor: Blue Cross Blue Shield of Michigan
Allocation policy
Form 5500, as of Dec 31, 2024
Actual allocation lines without a target (as filed)
- Master trust investment accounts 99.7%
Consultants and advisers
5 firms
- Fidelity Investments Pension consultantthrough Dec 31, 2022 Form 5500
- Willis Towers Watson US LLC Pension consultantActuarythrough Dec 31, 2022 Form 5500
- Hewitt Associates Pension consultantthrough Dec 31, 2022 Form 5500
- Jpmorgan Chase Bank, N.A. Discretionary trusteethrough Dec 31, 2022 Form 5500
- State Street Bank & Trust Company Custodianthrough Dec 31, 2022 Form 5500
People
No investment staff or executives have been read for this allocator yet.
Manager roster
7 managers on Schedule C
From Schedule C (investment management, code 28)
- Arrowstreet Capital, LPplan years 2022
- Snyder Capital Management, LPplan years 2022
- Western Asset Mgmt Company, LLCplan years 2022
- Legal & General Inv Mgmt Americaplan years 2022
- Franklin Templetonplan years 2022
- Blackrock Institutional Trust Co,naplan years 2022
- Nisa Investment Advisors, LLCplan years 2022
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
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 | 11,693 | $918M | $956M | 92.2% | $893M | n/a | $891M | n/a |
| 2023 to Dec 31, 2023 | 11,303 | $883M | $901M | 94.1% | $914M | n/a | $914M | n/a |
| 2022 to Dec 31, 2022 | 11,318 | $978M | $857M | 98.6% | $883M | n/a | $743M | n/a |
Service providers and investment entities as filed (Schedule C and D, latest year first)
- Fidelity Investments codes 17 28 50 $672,448 PY2024
- Willis Towers Watson codes 11 17 50 $230,081 PY2024
- Bcbsm Emp. Ret. Master Trust Sched. D M $891M PY2024
- Willis Towers Watson US LLC codes 11 PY2024
- Fidelity Investments codes 17 50 $548,934 PY2023
- Arrowstreet Capital codes 28 51 $251,894 PY2023
- Snyder Capital codes 28 51 $199,695 PY2023
- Legal & General Inv. Co. codes 28 51 $133,760 PY2023
- Western Asset Management codes 28 51 $119,010 PY2023
- State Street Bank and Trust Company codes 18 25 28 50 $82,548 PY2023
- Willis Towers Watson codes 17 50 $79,452 PY2023
- Franklin Templeton codes 28 51 $78,034 PY2023
- GJC Cpa's & Advisors codes 10 50 $19,948 PY2023
- Blackrock codes 28 51 $17,019 PY2023
- Hewitt Consulting codes 17 50 $10,618 PY2023
- Bcbsm Emp. Ret. Master Trust Sched. D M $914M PY2023
- Willis Towers Watson US LLC codes 11 PY2023
- Fidelity Investments codes 17 50 $561,911 PY2022
- Arrowstreet Capital codes 28 51 $381,578 PY2022
- Snyder Capital codes 28 51 $294,625 PY2022
- Jpmorgan codes 24 27 28 50 51 $258,331 PY2022
- Western Asset Management codes 28 51 $219,859 PY2022
- Willis Towers Watson codes 17 50 $123,815 PY2022
- Legal & General Inv. Co. codes 28 51 $111,862 PY2022
- State Street Bank & Trust Company codes 18 25 28 50 $96,555 PY2022
- Nisa Investment Advisors, LLC codes 28 51 $72,626 PY2022
- Hewitt Consulting codes 17 50 $72,164 PY2022
- Franklin Templeton codes 28 51 $65,364 PY2022
- GJC Cpa's & Advisors codes 10 50 $26,712 PY2022
- Blackrock codes 28 51 $11,109 PY2022
- Bcbsm Emp. Ret. Master Trust Sched. D M $743M PY2022
- Willis Towers Watson US LLC codes 11 PY2022
What changed
11 events
- Dec 31, 2024Manager relationship endedinferenceFranklin Templeton no longer appears on Blue Cross Blue Shield of Michigan Employees' Retirement Account Plan's Schedule C as investment manager (plan year 2024 vs 2023)with Franklin Templetonaskebsa.dol.gov
- Dec 31, 2024Manager relationship endedinferenceWestern Asset Management no longer appears on Blue Cross Blue Shield of Michigan Employees' Retirement Account Plan's Schedule C as investment manager (plan year 2024 vs 2023)with Western Asset Mgmt Company, LLCaskebsa.dol.gov
- Dec 31, 2024Manager relationship endedinferenceBlackrock no longer appears on Blue Cross Blue Shield of Michigan Employees' Retirement Account Plan's Schedule C as investment manager (plan year 2024 vs 2023)with Blackrock Institutional Trust Co,naaskebsa.dol.gov
- Dec 31, 2024Manager relationship endedinferenceArrowstreet Capital no longer appears on Blue Cross Blue Shield of Michigan Employees' Retirement Account Plan's Schedule C as investment manager (plan year 2024 vs 2023)with Arrowstreet Capital, LPaskebsa.dol.gov
- Dec 31, 2024Manager relationship endedinferenceSnyder Capital no longer appears on Blue Cross Blue Shield of Michigan Employees' Retirement Account Plan's Schedule C as investment manager (plan year 2024 vs 2023)with Snyder Capital Management, LPaskebsa.dol.gov
- Dec 31, 2024Manager relationship endedinferenceLegal & General Inv. Co. no longer appears on Blue Cross Blue Shield of Michigan Employees' Retirement Account Plan's Schedule C as investment manager (plan year 2024 vs 2023)with Legal & General Inv Mgmt Americaaskebsa.dol.gov
- Dec 31, 2024Consultant changedinferenceHewitt Consulting no longer appears on Blue Cross Blue Shield of Michigan Employees' Retirement Account Plan's Schedule C as pension consultant (plan year 2024 vs 2023)with Hewitt Associatesaskebsa.dol.gov
- Dec 31, 2024Manager relationship endedinferenceState Street Bank and Trust Company no longer appears on Blue Cross Blue Shield of Michigan Employees' Retirement Account Plan's Schedule C as investment manager (plan year 2024 vs 2023)with State Street Bank & Trust Companyaskebsa.dol.gov
- Dec 31, 2023Manager relationship endedinferenceNisa Investment Advisors, LLC no longer appears on Blue Cross Blue Shield of Michigan Employees' Retirement Account Plan's Schedule C as investment manager (plan year 2023 vs 2022)with Nisa Investment Advisors, LLCaskebsa.dol.gov
- Dec 31, 2023Manager relationship endedinferenceJpmorgan no longer appears on Blue Cross Blue Shield of Michigan Employees' Retirement Account Plan's Schedule C as investment manager (plan year 2023 vs 2022)with Jpmorgan Chase Bank, N.A.askebsa.dol.gov
- Jan 1, 2023Funded status changedBlue Cross Blue Shield of Michigan Employees' Retirement Account Plan funded ratio 98.6% -> 94.1% (2022-01-01 to 2023-01-01)
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Provenance
Identifiers: EIN-PN 382069753-001
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.