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

PJM Interconnection, LLC Pension Plan

Corporate pensionAudubon, PA
Assets
$230M
Total assets, Dec 31, 2024 reported
Funded
118.6%
Jan 1, 2024
Private markets target
n/a
policy Dec 31, 2024
Commitments
13
none on the tape
Plan sponsor: PJM Interconnection, LLC
Allocation policy
Form 5500, as of Dec 31, 2024
Actual allocation lines without a target (as filed)
  • Interest-bearing cash 0.9%
  • Common/collective trusts 65.8%
  • Registered investment companies 33.2%
Consultants and advisers
1 firms
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
From Schedule C (investment management, code 28)
Commitments
13 rows, 0 dated closings
Disclosed holdings (from the plan’s performance or holdings report, as of the report date)
DateFundManagerBucketAmountVintageStatusSource
as of Dec 31, 2024Fiam Long Corporate a Or Bettercollective trustFidelity Institutional Asset MgmtPooled vehicles$112M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Fiam Select International Equity Cocollective trustFidelity Institutional Asset MgmtPublic equity$25.0M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Fiam Select International Small Capcollective trustFidelity Institutional Asset MgmtPublic equity$4.9M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Fiam High Yield Bond Comm Plcollective trustFidelity Institutional Asset MgmtFixed income$9.5M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Fiam Long Corporate a Or Bettercollective trustFidelity Institutional Asset MgmtPooled vehicles$70.2M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Fiam Select International Equity Cocollective trustFidelity Institutional Asset MgmtPublic equity$19.7M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Fiam High Yield Bond Comm Plcollective trustFidelity Institutional Asset MgmtFixed income$7.3M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Fiam Select International Small Capcollective trustFidelity Institutional Asset MgmtPublic equity$4.0M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Fiam Long Corporate a Or Bettercollective trustFidelity Institutional Asset MgmtPooled vehicles$62.2M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Fiam Select International Equity Cocollective trustFidelity Institutional Asset MgmtPublic equity$18.5M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Fiam Small/mid Cap Core Poolcollective trustFidelity Institutional Asset MgmtPooled vehicles$11.2M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Fiam High Yield Bond Comm Plcollective trustFidelity Institutional Asset MgmtFixed income$6.7M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Fiam Select International Small Capcollective trustFidelity Institutional Asset MgmtPublic equity$3.7M heldDisclosed holdingaskebsa.dol.gov
Size and funding
33 readings
Total assets
$230M Dec 31, 2024 reported Form 5500
$234M (2023-12) · $210M (2022-12)
Plan assets
$218M Jan 1, 2024 reported Form 5500
$197M (2023-01) · $293M (2022-01)
Net assets
$230M Dec 31, 2024 reported Form 5500
$234M (2023-12) · $210M (2022-12)
Funded ratio
118.6% Jan 1, 2024 reported Form 5500
120.8% (2023-01) · 161.2% (2022-01)
Funding target
$187M Jan 1, 2024 reported Form 5500
$171M (2023-01) · $166M (2022-01)
Discount rate
5.28% Jan 1, 2024 reported Form 5500
5.43% (2023-01) · 5.61% (2022-01)
Participants
618 Jan 1, 2024 reported Form 5500
632 (2023-01) · 663 (2022-01)
Contributions
$0 Dec 31, 2024 reported Form 5500
$0 (2023-12) · $0 (2022-12)
Benefits paid
$6.0M Dec 31, 2024 reported Form 5500
$6.7M (2023-12) · $28.9M (2022-12)
Net investment income
$-3.6M Dec 31, 2024 reported Form 5500
$23.3M (2023-12) · $-99.7M (2022-12)
Investment management fees
$275,084 Dec 31, 2024 reported Form 5500
$466,906 (2023-12) · $711,592 (2022-12)
Form 5500 filings
3 plan years
Plan yearParticipantsAssets (SB market)Funding targetFTAPTotal assets (H)Partnerships / JVMaster trustReal estate
2024 to Dec 31, 2024618$218M$187M118.6%$230Mn/an/an/a
2023 to Dec 31, 2023632$197M$171M120.8%$234Mn/an/an/a
2022 to Dec 31, 2022663$293M$166M161.2%$210Mn/an/an/a
Service providers and investment entities as filed (Schedule C and D, latest year first)
  • Fidelity Invstmnts Institutional Op codes 15 51 52 $237,638 PY2024
  • Fiam Long Corp a Or Better Pool Sched. D C $112M PY2024
  • Fiam Select Intl Pool Sched. D C $25.0M PY2024
  • Fiam Sisc Pool Sched. D C $4.9M PY2024
  • Fiam High Yield Bond Pool Sched. D C $9.5M PY2024
  • Willis Towers Watson US LLC codes 11 PY2024
  • Fidelity Invstmnts Institutional Op codes 15 51 52 $525,939 PY2023
  • Fiam Smid Cap Core Pool Sched. D C PY2023
  • Fiam Long Corp a Or Better Pool Sched. D C $70.2M PY2023
  • Fiam Select Intl Pool Sched. D C $19.7M PY2023
  • Fiam High Yield Bond Pool Sched. D C $7.3M PY2023
  • Fiam Sisc Pool Sched. D C $4.0M PY2023
  • Willis Towers Watson US LLC codes 11 PY2023
  • Fidelity Invstmnts Institutional Op codes 15 51 52 $788,464 PY2022
  • Fiam Select Intl Pool Sched. D C $18.5M PY2022
  • Fiam Smid Cap Core Pool Sched. D C $11.2M PY2022
  • Fiam High Yield Bond Pool Sched. D C $6.7M PY2022
  • Fiam Long Corp a Or Better Pool Sched. D C $62.2M PY2022
  • Fiam Sisc Pool Sched. D C $3.7M PY2022
  • Willis Towers Watson US LLC codes 11 PY2022
What changed
6 events
  • Jan 1, 2024Funded status changed
    PJM Interconnection, LLC Pension Plan funded ratio 120.8% -> 118.6% (2023-01-01 to 2024-01-01)
    askebsa.dol.gov
  • Jan 1, 2024Assets changed
    PJM Interconnection, LLC Pension Plan plan assets $197M -> $218M (+10.8%, 2023-01-01 to 2024-01-01)
    askebsa.dol.gov
  • Dec 31, 2023Holding endedinference
    PJM Interconnection, LLC Pension Plan no longer reports Fiam Small/mid Cap Core Pool (Fidelity Institutional Asset Mgmt) (last held $11M at 2022-12-31; absent from the 2023-12-31 filing)
    with Fidelity Institutional Asset Mgmtaskebsa.dol.gov
  • Dec 31, 2023Assets changed
    PJM Interconnection, LLC Pension Plan total assets $210M -> $234M (+11.1%, 2022-12-31 to 2023-12-31)
    askebsa.dol.gov
  • Jan 1, 2023Funded status changed
    PJM Interconnection, LLC Pension Plan funded ratio 161.2% -> 120.8% (2022-01-01 to 2023-01-01)
    askebsa.dol.gov
  • Jan 1, 2023Assets changed
    PJM Interconnection, LLC Pension Plan plan assets $293M -> $197M (-32.7%, 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 232896884-001
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.