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 Associated Press Consolidated Retirement Plan

Corporate pensionNEW York, NY
Assets
$430M
Total assets, Dec 31, 2024 reported
Funded
104.5%
Jan 1, 2024
Private markets target
n/a
policy Dec 31, 2024
Commitments
27
1 managers on Schedule C
Plan sponsor: Associated Press
Allocation policy
Form 5500, as of Dec 31, 2024
Actual allocation lines without a target (as filed)
  • Insurance company general account 0.8%
  • Common/collective trusts 98.6%
  • Pooled separate accounts 0.6%
Consultants and advisers
5 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
27 rows, 0 dated closings
Disclosed holdings (from the plan’s performance or holdings report, as of the report date)
DateFundManagerBucketAmountVintageStatusSource
as of Dec 31, 2024Separate Account 174separate accountAetna Life Insurance CompanyPooled vehicles$2.8M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Mercer US Large Cap Core Passive Eqcollective trustMercer Trust CompanyPublic equity$39.2M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Mercer Passive Long Government Fixecollective trustMercer Trust Company LLCPooled vehicles$140M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Mercer Passive Long Credit Fixed incollective trustMercer Trust Company LLCPrivate credit$162M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Mercer Long Strips Fixed Incomecollective trustMercer Trust Company LLCFixed income$15.2M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Ssga Emerging Mkts Equity Indx acollective trustState Street - Russell 2000Public equity$11.9M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024NT Collective Short Term Investmentcollective trustNorthern Trust Collective Eafe IndeCash$2.5M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024International Index Non-Lending Sercollective trustState Street Global Advisors TrustPooled vehicles$39.9M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024CF Russell Small Cap (r) Indx Nl Sfcollective trustState Street - Russell 2000Public equity$13.2M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Separate Account 174separate accountAetna Life Insurance CompanyPooled vehicles$2.7M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Mercer US Large Cap Core Passive Eqcollective trustMercer Trust Company LLCPublic equity$41.1M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Mercer Passive Long Government Fixecollective trustMercer Trust Company LLCPooled vehicles$133M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Mercer Passive Long Credit Fixed incollective trustMercer Trust Company LLCPrivate credit$175M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Mercer Long Strips Fixed Incomecollective trustMercer Trust Company LLCFixed income$37.8M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Ssga Emerging Mkts Equity Indx acollective trustState Street - Russell 2000Public equity$13.0M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023NT Collective Short Term Investmentcollective trustNorthern Trust Collective Eafe IndeCash$2.3M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023International Index Non-Lending Sercollective trustState Street Global Advisors TrustPooled vehicles$42.6M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023CF Russell Small Cap (r) Indx Nl Sfcollective trustState Street - Russell 2000Public equity$14.8M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Separate Account 174separate accountAetna Life Insurance CompanyPooled vehicles$2.6M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Mercer US Large Cap Core Passive Eqcollective trustMercer Trust Company LLCPublic equity$40.2M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Mercer Passive Long Government Fixecollective trustMercer Trust Company LLCPooled vehicles$127M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Mercer Passive Long Credit Fixed incollective trustMercer Trust Company LLCPrivate credit$169M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Mercer Long Strips Fixed Incomecollective trustMercer Trust Company LLCFixed income$35.1M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Ssga Emerging Mkts Equity Indx acollective trustState Street - Russell 2000Public equity$13.3M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022NT Collective Short Term Investmentcollective trustNorthern Trust Collective Eafe IndeCash$2.4M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022International Index Non-Lending Sercollective trustState Street Global Advisors TrustPooled vehicles$42.4M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022CF Russell Small Cap (r) Indx Nl Sfcollective trustState Street - Russell 2000Public equity$13.3M heldDisclosed holdingaskebsa.dol.gov
Size and funding
32 readings
Total assets
$430M Dec 31, 2024 reported Form 5500
$465M (2023-12) · $456M (2022-12)
Plan assets
$465M Jan 1, 2024 reported Form 5500
$456M (2023-01) · $671M (2022-01)
Net assets
$430M Dec 31, 2024 reported Form 5500
$465M (2023-12) · $456M (2022-12)
Funded ratio
104.5% Jan 1, 2024 reported Form 5500
100.8% (2023-01) · 120.1% (2022-01)
Funding target
$475M Jan 1, 2024 reported Form 5500
$484M (2023-01) · $498M (2022-01)
Discount rate
5.11% Jan 1, 2024 reported Form 5500
5.24% (2023-01) · 5.41% (2022-01)
Participants
4,191 Jan 1, 2024 reported Form 5500
4,241 (2023-01) · 4,360 (2022-01)
Contributions
$0 Dec 31, 2023 reported Form 5500
$8.0M (2022-12)
Benefits paid
$29.6M Dec 31, 2024 reported Form 5500
$28.9M (2023-12) · $55.8M (2022-12)
Net investment income
$-35.1M Dec 31, 2024 reported Form 5500
$9.1M (2023-12) · $-215M (2022-12)
Investment management fees
$534,274 Dec 31, 2024 reported Form 5500
$557,669 (2023-12) · $651,825 (2022-12)
Form 5500 filings
3 plan years
Plan yearParticipantsAssets (SB market)Funding targetFTAPTotal assets (H)Partnerships / JVMaster trustReal estate
2024 to Dec 31, 20244,191$465M$475M104.5%$430Mn/an/an/a
2023 to Dec 31, 20234,241$456M$484M100.8%$465M$0n/an/a
2022 to Dec 31, 20224,360$671M$498M120.1%$456M$137,771n/an/a
Service providers and investment entities as filed (Schedule C and D, latest year first)
  • Mercer Investments LLC codes 51 52 $526,469 PY2024
  • The Northen Trust Company codes 21 28 51 52 $130,883 PY2024
  • Mercer (US) Inc. codes 11 17 $91,255 PY2024
  • Ernst & Young LLP codes 10 $60,763 PY2024
  • Wallach & Associates Inc codes 10 16 $8,000 PY2024
  • State Street Research & Management codes 28 50 $7,508 PY2024
  • Pension Benefit Information, LLC codes 16 50 $6,924 PY2024
  • Mercer Passive Long Govt Fixed Sched. D C $140M PY2024
  • Mercer Passive Long Credit Fixed Sched. D C $162M PY2024
  • Mercer Long Strips Fixed Income Sched. D C $15.2M PY2024
  • Ssga Emg Mkts Indx Nl Sf Cl a Sched. D C $11.9M PY2024
  • Northern Trust Short Term Invt Fd Sched. D C $2.5M PY2024
  • Ssga Intl Indx Nl Sf Cl a Sched. D C $39.9M PY2024
  • Russell Small Cap (r) Indx Nl Sf Cl Sched. D C $13.2M PY2024
  • Mercer US Large Cap Passive Equity Sched. D C $39.2M PY2024
  • Aetna Life Insurance Company Sched. D P $2.8M PY2024
  • Mercer codes 11 PY2024
  • Mercer Investments LLC codes 51 52 $716,432 PY2023
  • Mercer (US) Inc. codes 11 17 $117,686 PY2023
  • The Northern Trust Company codes 21 28 51 52 $77,187 PY2023
  • Ernst & Young LLP codes 10 $33,548 PY2023
  • Wallach & Associates Inc codes 10 16 $8,000 PY2023
  • Mercer US Large Cap Core Passive Eq Sched. D C $41.1M PY2023
  • Mercer Passive Long Govt Fixed Inco Sched. D C $133M PY2023
  • Mercer Passive Long Credit Fixed in Sched. D C $175M PY2023
  • Mercer Long Strips Fixed Income Por Sched. D C $37.8M PY2023
  • EMG Mkts Indx Nl Sf Cl a (zv3w) Sched. D C $13.0M PY2023
  • NT Collective Short Term Investment Sched. D C $2.3M PY2023
  • Intl Indx Nl Sf Cl a (zvao1) Sched. D C $42.6M PY2023
  • Russell Small Cap (r) Indx Nl Sf Cl Sched. D C $14.8M PY2023
  • Aetna Life Insurance Company Sched. D P $2.7M PY2023
  • Mercer codes 11 PY2023
  • Mercer Investments LLC codes 51 52 $745,873 PY2022
  • Mercer (US) Inc. codes 11 17 $738,894 PY2022
  • The Northern Trust Company codes 21 28 51 52 $77,114 PY2022
  • Ernst & Young LLP codes 10 $56,650 PY2022
  • Wallach & Associates Inc codes 10 16 $16,000 PY2022
  • State Street Global Advisors Trust codes 18 19 51 $10,991 PY2022
  • EMG Mkts Indx Nl Sf Cl a (zv3w) Sched. D C $13.3M PY2022
  • NT Collective Short Term Investment Sched. D C $2.4M PY2022
  • Intl Indx Nl Sf Cl a (zvao1) Sched. D C $42.4M PY2022
  • Russell Small Cap (r) Indx Nl Sf Cl Sched. D C $13.3M PY2022
  • Aetna Life Insurance Company Sched. D P $2.6M PY2022
  • Mercer US Large Cap Core Passive Eq Sched. D C $40.2M PY2022
  • Mercer Passive Long Govt Fixed Inco Sched. D C $127M PY2022
  • Mercer Passive Long Credit Fixed in Sched. D C $169M PY2022
  • Mercer Long Strips Fixed Income Por Sched. D C $35.1M PY2022
  • Mercer codes 11 PY2022
What changed
5 events
  • Dec 31, 2024Consultant changedinference
    Pension Benefit Information, LLC appears on The Associated Press Consolidated Retirement Plan's Schedule C as general consultant (plan year 2024 vs 2023)
    with Pension Benefit Information, LLCaskebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    State Street Research & Management appears on The Associated Press Consolidated Retirement Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with State Street Research & Managementaskebsa.dol.gov
  • Jan 1, 2024Funded status changed
    The Associated Press Consolidated Retirement Plan funded ratio 100.8% -> 104.5% (2023-01-01 to 2024-01-01)
    askebsa.dol.gov
  • Jan 1, 2023Funded status changed
    The Associated Press Consolidated Retirement Plan funded ratio 120.1% -> 100.8% (2022-01-01 to 2023-01-01)
    askebsa.dol.gov
  • Jan 1, 2023Assets changed
    The Associated Press Consolidated Retirement Plan plan assets $671M -> $456M (-32.1%, 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 130452880-003
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.