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.

Taft-Hartley plan

Plumbers & Pipefitters Local 123 Pension Fund

Taft-Hartley planJacksonville, FL
Assets
$67.4M
Total assets, Dec 31, 2024 reported
Funded
100.6%
Jan 1, 2024
Private markets target
n/a
policy Dec 31, 2024
Commitments
10
none on the tape
Plan sponsor: Trustees of the Plumbers and Pipefitters Local 123 Pension Fund
Allocation policy
Form 5500, as of Dec 31, 2024
Actual allocation lines without a target (as filed)
  • Interest-bearing cash 1.2%
  • Non-interest-bearing cash 3.9%
  • Corporate debt instruments (other) 7.1%
  • U.S. Government securities 11.3%
  • Partnership/joint venture interests 12.2%
  • Common/collective trusts 25.6%
  • Registered investment companies 14.6%
  • Common stock 21.9%
Consultants and advisers
4 firms
People
No investment staff or executives have been read for this allocator yet.
Manager roster
2 managers on the commitment tape
From the plan’s own commitment disclosures
From Schedule C (investment management, code 28)
Commitments
10 rows, 0 dated closings
Disclosed holdings (from the plan’s performance or holdings report, as of the report date)
DateFundManagerBucketAmountVintageStatusSource
as of Dec 31, 2024Longview Ultra Construction Loan incollective trustAmalgamated BankPrivate credit$15,061 heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Legal & General S&p 500 Cit Fundcollective trustLegal and GeneralPooled vehicles$11.8M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Legal & General Msci Acwi Ex US Citcollective trustLegal and GeneralPooled vehicles$5.4M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Longview Ultra Construction Loan incollective trustAmalgamated BankPrivate credit$7,728 heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Hardman Johnston Int'l Equity Group103 12 ieJohnston International EquityPublic equity$1.2M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Legal & General S&p 500 Cit Fundcollective trustLegal and GeneralPooled vehicles$9.4M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Legal & General Msci Acwi Ex US Citcollective trustLegal and GeneralPooled vehicles$5.1M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Longview Ultra Construction Loan incollective trustAmalgamated BankPrivate credit$21,697 heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Hardman Johnston Int'l Equity Group103 12 ieJohnston International EquityPublic equity$1.1M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Legal & General S&p 500 Cit Fundcollective trustLegal and GeneralPooled vehicles$8.4M heldDisclosed holdingaskebsa.dol.gov
Size and funding
30 readings
Total assets
$67.4M Dec 31, 2024 reported Form 5500
$60.1M (2023-12) · $52.7M (2022-12)
Plan assets
$60.0M Jan 1, 2024 reported Form 5500
$52.7M (2023-01) · $60.7M (2022-01)
Net assets
$67.3M Dec 31, 2024 reported Form 5500
$60.0M (2023-12) · $52.7M (2022-12)
Funded ratio
100.6% Jan 1, 2024 reported Form 5500
90.2% (2023-01) · 84.7% (2022-01)
Participants
1,550 Jan 1, 2024 reported Form 5500
1,471 (2023-01) · 1,570 (2022-01)
Contributions
$7.3M Dec 31, 2024 reported Form 5500
$6.6M (2023-12) · $5.6M (2022-12)
Benefits paid
$4.9M Dec 31, 2024 reported Form 5500
$4.8M (2023-12) · $5.2M (2022-12)
Net investment income
$7.2M Dec 31, 2024 reported Form 5500
$7.3M (2023-12) · $-8.0M (2022-12)
Investment management fees
$289,249 Dec 31, 2024 reported Form 5500
$272,637 (2023-12) · $292,133 (2022-12)
Form 5500 filings
3 plan years
Plan yearParticipantsAssets (SB market)Funding targetFTAPTotal assets (H)Partnerships / JVMaster trustReal estate
2024 to Dec 31, 20241,550n/an/an/a$67.4M$8.2Mn/an/a
2023 to Dec 31, 20231,471n/an/an/a$60.1M$8.6Mn/an/a
2022 to Dec 31, 20221,570n/an/an/a$52.7M$9.5Mn/an/a
Service providers and investment entities as filed (Schedule C and D, latest year first)
What changed
9 events
  • Dec 31, 2024Holding endedinference
    Plumbers & Pipefitters Local 123 Pension Fund no longer reports Hardman Johnston Int'l Equity Group (Johnston International Equity) (last held $1M at 2023-12-31; absent from the 2024-12-31 filing)
    with Johnston International Equityaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    Hardman Johnston Global Advisers no longer appears on Plumbers & Pipefitters Local 123 Pension Fund's Schedule C as investment manager (plan year 2024 vs 2023)
    with Hardman Johnston Global Advisorsaskebsa.dol.gov
  • Dec 31, 2024Assets changed
    Plumbers & Pipefitters Local 123 Pension Fund total assets $60M -> $67M (+12.1%, 2023-12-31 to 2024-12-31)
    askebsa.dol.gov
  • Jan 1, 2024Funded status changed
    Plumbers & Pipefitters Local 123 Pension Fund funded ratio 90.2% -> 100.6% (2023-01-01 to 2024-01-01)
    askebsa.dol.gov
  • Jan 1, 2024Assets changed
    Plumbers & Pipefitters Local 123 Pension Fund plan assets $53M -> $60M (+13.9%, 2023-01-01 to 2024-01-01)
    askebsa.dol.gov
  • Dec 31, 2023Holding started
    Plumbers & Pipefitters Local 123 Pension Fund first reports an interest in Legal & General Msci Acwi Ex US Cit (Legal and General): $5M at 2023-12-31
    with Legal and Generalaskebsa.dol.gov
  • Dec 31, 2023Assets changed
    Plumbers & Pipefitters Local 123 Pension Fund total assets $53M -> $60M (+13.9%, 2022-12-31 to 2023-12-31)
    askebsa.dol.gov
  • Jan 1, 2023Funded status changed
    Plumbers & Pipefitters Local 123 Pension Fund funded ratio 84.7% -> 90.2% (2022-01-01 to 2023-01-01)
    askebsa.dol.gov
  • Jan 1, 2023Assets changed
    Plumbers & Pipefitters Local 123 Pension Fund plan assets $61M -> $53M (-13.1%, 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 596164124-001
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.