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

Willis North America Inc. Pension Plan

Corporate pensionNashville, TN
Assets
n/a
Total assets, Aug 31, 2025 reported
Funded
84.4%
Jan 1, 2025
Private markets target
n/a
policy Dec 31, 2024
Commitments
29
1 managers on Schedule C
Plan sponsor: Willis North America Inc.
Allocation policy
Form 5500, as of Dec 31, 2024
Actual allocation lines without a target (as filed)
  • Interest-bearing cash 3.8%
  • Non-interest-bearing cash 0.2%
  • Other investments 9.6%
  • 103-12 investment entities 3.2%
  • Common/collective trusts 80.7%
Consultants and advisers
3 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
29 rows, 0 dated closings
Disclosed holdings (from the plan’s performance or holdings report, as of the report date)
DateFundManagerBucketAmountVintageStatusSource
as of Dec 31, 2024Treasury US 10 Yr Key Rate Durationcollective trustBlackrock Institutional TrustFixed income$29.0M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Treasury US 15 Yr Key Rate Durationcollective trustBlackrock Institutional TrustFixed income$26.7M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Treasury U.S. 20 Year Key Rate Duracollective trustBlackrockFixed income$23.8M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024TSY U.S. 25+ Yr Key Rate Dur Nl Fdcollective trustBlackrockPooled vehicles$31.5M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024WTW Gt Long Credit Fundcollective trustTowers Watson Investment Services,Private credit$693,642 heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024WTW Gt Real Asset Fundcollective trustTowers Watson Investment Services,Real assets$111M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024WTW Gt Diversified Equity Fundcollective trustTowers Watson Investment Services,Hedge / diversifiers$188M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Treasury U.S. 5 Year Key Rate Duratcollective trustBlackrock GroupFixed income$24.4M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024WTW Gt Diversified Credit Fundcollective trustTowers Watson Investment Services,Private credit$67.2M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024WTW Liquid Diversifiers Fund, Ltd103 12 ieTowers Watson Investment Services, Inc.Hedge / diversifiers$20.0M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Legal & General Treasury 15+ Stripscollective trustLegal and GeneralFixed income$26.6M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Treasury US 10 Yr Key Rate Durationcollective trustBlackrock Institutional TrustFixed income$32.1M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Treasury US 15 Yr Key Rate Durationcollective trustBlackrock Institutional TrustFixed income$28.0M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Treasury U.S. 20 Year Key Rate Duracollective trustBlackrockFixed income$15.9M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023TSY U.S. 25+ Yr Key Rate Dur Nl Fdcollective trustBlackrockPooled vehicles$13.7M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023WTW Gt Long Credit Fundcollective trustTowers Watson Investment Services,Private credit$25.2M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023WTW Gt Real Asset Fundcollective trustTowers Watson Investment Services,Real assets$113M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023WTW Gt Diversified Equity Fundcollective trustTowers Watson Investment Services,Hedge / diversifiers$211M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Treasury U.S. 5 Year Key Rate Duratcollective trustBlackrock GroupFixed income$14.3M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023WTW Gt Diversified Credit Fundcollective trustTowers Watson Investment Services,Private credit$21.0M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Legal & General Treasury 15+ Stripscollective trustLegal and GeneralFixed income$9.2M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Treasury US 10 Yr Key Rate Durationcollective trustBlackrock Institutional TrustFixed income$23.1M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Treasury US 15 Yr Key Rate Durationcollective trustBlackrock Institutional TrustFixed income$17.8M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Treasury U.S. 20 Year Key Rate Duracollective trustBlackrockFixed income$13.1M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022TSY U.S. 25+ Yr Key Rate Dur Nl Fdcollective trustBlackrockPooled vehicles$21.0M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022WTW Gt Long Credit Fundcollective trustTowers Watson Investment Services,Private credit$22.7M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022WTW Gt Real Asset Fundcollective trustTowers Watson Investment Services,Real assets$146M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022WTW Gt Diversified Equity Fundcollective trustTowers Watson Investment Services,Hedge / diversifiers$194M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Treasury U.S. 5 Year Key Rate Duratcollective trustBlackgroupFixed income$10.6M heldDisclosed holdingaskebsa.dol.gov
Size and funding
44 readings
Total assets
$0 Aug 31, 2025 reported Form 5500
$623M (2024-12) · $709M (2023-12) · $712M (2022-12)
Plan assets
$607M Jan 1, 2025 reported Form 5500
$707M (2024-01) · $712M (2023-01) · $920M (2022-01)
Net assets
$0 Aug 31, 2025 reported Form 5500
$607M (2024-12) · $707M (2023-12) · $712M (2022-12)
Funded ratio
84.4% Jan 1, 2025 reported Form 5500
92.5% (2024-01) · 92.2% (2023-01) · 106.0% (2022-01)
Funding target
$729M Jan 1, 2025 reported Form 5500
$809M (2024-01) · $817M (2023-01) · $793M (2022-01)
Discount rate
5.34% Jan 1, 2025 reported Form 5500
5.08% (2024-01) · 5.21% (2023-01) · 5.38% (2022-01)
Participants
4,362 Jan 1, 2025 reported Form 5500
4,909 (2024-01) · 4,935 (2023-01) · 4,962 (2022-01)
Contributions
$0 Aug 31, 2025 reported Form 5500
$0 (2024-12) · $0 (2023-12) · $274,558 (2022-12)
Benefits paid
$36.8M Aug 31, 2025 reported Form 5500
$99.4M (2024-12) · $50.5M (2023-12) · $48.6M (2022-12)
Net investment income
$2.0M Aug 31, 2025 reported Form 5500
$-99.6M (2024-12) · $-4.7M (2023-12) · $-208M (2022-12)
Investment management fees
$64,337 Aug 31, 2025 reported Form 5500
$185,902 (2024-12) · $148,433 (2023-12) · $157,643 (2022-12)
Form 5500 filings
4 plan years
Plan yearParticipantsAssets (SB market)Funding targetFTAPTotal assets (H)Partnerships / JVMaster trustReal estate
2025 to Aug 31, 20254,362$607M$729M84.4%$0n/an/an/a
2024 to Dec 31, 20244,909$707M$809M92.5%$623Mn/an/an/a
2023 to Dec 31, 20234,935$712M$817M92.2%$709Mn/an/an/a
2022 to Dec 31, 20224,962$920M$793M106.0%$712Mn/an/an/a
Service providers and investment entities as filed (Schedule C and D, latest year first)
  • Northern Trust codes 21 28 50 51 62 $68,742 PY2025
  • Parametric codes 28 51 $36,396 PY2025
  • Deloitte & Touche LLP codes 10 50 $35,000 PY2025
  • Blackrock Institutional Trust Co codes 21 24 28 50 51 $27,941 PY2025
  • WTW Gt Diversified Credit Fund Sched. D C PY2025
  • WTW Diversified Credit Fund Sched. D C PY2025
  • WTW Diversified Equ Col Inv Tr Fund Sched. D C PY2025
  • WTW Long Credit Col Inv Trust Fund Sched. D C PY2025
  • WTW Real Assets Fund Sched. D C PY2025
  • WTW Liquid Diversifiers Fund, Ltd Sched. D E PY2025
  • Blackrock Trsry US 10yr Ky Rt Nl Fd Sched. D C PY2025
  • Blackrock Trsry US 15yr Ky Rt Nl Fd Sched. D C PY2025
  • Blackrock Trsry US 20yr Ky Rt Nl Fd Sched. D C PY2025
  • Blackrock Trsry US 25yr Ky Rt Nl Fd Sched. D C PY2025
  • WTW Gt Real Asset Fund Sched. D C PY2025
  • WTW Gt Diversified Equity Fund Sched. D C PY2025
  • Blackrock Trsry US 5yr Ky Rt Nl Fd Sched. D C PY2025
  • WTW Gt Long Credit Fund Sched. D C PY2025
  • Willis Towers Watson US LLC codes 11 PY2025
  • Blackrock Institutional Trust Co codes 21 24 28 50 51 $117,357 PY2024
  • Northern Trust codes 21 28 50 51 62 $103,674 PY2024
  • Parametric codes 28 51 $67,510 PY2024
  • Deloitte & Touche LLP codes 10 50 $62,865 PY2024
  • WTW Gt Long Credit Fund Sched. D C $693,642 PY2024
  • WTW Gt Real Asset Fund Sched. D C $111M PY2024
  • WTW Gt Diversified Equity Fund Sched. D C $188M PY2024
  • Blackrock Trsry US 5yr Ky Rt Nl Fd Sched. D C $24.4M PY2024
  • WTW Gt Diversified Credit Fund Sched. D C $67.2M PY2024
  • WTW Liquid Diversifiers Fund, Ltd Sched. D E $20.0M PY2024
  • Blackrock Trsry US 20yr Ky Rt Nl Fd Sched. D C $23.8M PY2024
  • Blackrock Trsry US 10yr Ky Rt Nl Fd Sched. D C $29.0M PY2024
  • Blackrock Trsry US 15yr Ky Rt Nl Fd Sched. D C $26.7M PY2024
  • Legal & General 15 Strips Cit Fund Sched. D C PY2024
  • Blackrock Trsry US 25yr Ky Rt Nl Fd Sched. D C $31.5M PY2024
  • Willis Towers Watson US LLC codes 11 PY2024
  • Northern Trust codes 21 28 50 51 62 $94,400 PY2023
  • Parametric codes 28 51 $69,472 PY2023
  • Blackrock Institutional Trust Co codes 21 24 28 50 51 $64,793 PY2023
  • Deloitte & Touche LLP codes 10 50 $62,815 PY2023
  • Legal & Genrl Invstmnt Mgmt America codes 28 51 $14,168 PY2023
  • Blackrock Trsry US 25yr Ky Rt Nl Fd Sched. D C $13.7M PY2023
  • WTW Gt Long Credit Fund Sched. D C $25.2M PY2023
  • WTW Gt Real Asset Fund Sched. D C $113M PY2023
  • WTW Gt Diversified Equity Fund Sched. D C $211M PY2023
  • Blackrock Trsry US 5yr Ky Rt Nl Fd Sched. D C $14.3M PY2023
  • WTW Gt Diversified Credit Fund Sched. D C $21.0M PY2023
  • Legal & General 15 Strips Cit Fund Sched. D C $26.6M PY2023
  • Blackrock Trsry US 10yr Ky Rt Nl Fd Sched. D C $32.1M PY2023
  • Blackrock Trsry US 15yr Ky Rt Nl Fd Sched. D C $28.0M PY2023
  • Blackrock Trsry US 20yr Ky Rt Nl Fd Sched. D C $15.9M PY2023
  • Willis Towers Watson US LLC codes 11 PY2023
  • Northern Trust codes 21 28 50 51 62 $88,261 PY2022
  • Parametric codes 28 51 $81,577 PY2022
  • Deloitte & Touche LLP codes 10 50 $56,100 PY2022
  • Blackrock Institutional Trust Co codes 21 24 28 50 51 $55,343 PY2022
  • Legal & Genrl Invstmnt Mgmt America codes 28 51 $20,723 PY2022
  • WTW Gt Long Credit Fund Sched. D C $22.7M PY2022
  • WTW Gt Real Asset Fund Sched. D C $146M PY2022
  • WTW Gt Diversified Equity Fund Sched. D C $194M PY2022
  • Blackrock Trsry US 5yr Ky Rt Nl Fd Sched. D C $10.6M PY2022
  • Legal & General 15 Strips Cit Fund Sched. D C $9.2M PY2022
  • Blackrock Trsry US 10yr Ky Rt Nl Fd Sched. D C $23.1M PY2022
  • Blackrock Trsry US 15yr Ky Rt Nl Fd Sched. D C $17.8M PY2022
  • Blackrock Trsry US 20yr Ky Rt Nl Fd Sched. D C $13.1M PY2022
  • Blackrock Trsry US 25yr Ky Rt Nl Fd Sched. D C $21.0M PY2022
  • Willis Towers Watson US LLC codes 11 PY2022
What changed
10 events
  • Aug 31, 2025Assets changed
    Willis North America Inc. Pension Plan total assets $623M -> $0 (-100.0%, 2024-12-31 to 2025-08-31)
    askebsa.dol.gov
  • Jan 1, 2025Funded status changed
    Willis North America Inc. Pension Plan funded ratio 92.5% -> 84.4% (2024-01-01 to 2025-01-01)
    askebsa.dol.gov
  • Jan 1, 2025Assets changed
    Willis North America Inc. Pension Plan plan assets $707M -> $607M (-14.1%, 2024-01-01 to 2025-01-01)
    askebsa.dol.gov
  • Dec 31, 2024Holding endedinference
    Willis North America Inc. Pension Plan no longer reports Legal & General Treasury 15+ Strips (Legal and General) (last held $27M at 2023-12-31; absent from the 2024-12-31 filing)
    with Legal and Generalaskebsa.dol.gov
  • Dec 31, 2024Holding started
    Willis North America Inc. Pension Plan first reports an interest in WTW Liquid Diversifiers Fund, Ltd: $20M at 2024-12-31
    with WTW Liquid Diversifiers Fund, Ltd.askebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    Legal & Genrl Invstmnt Mgmt America no longer appears on Willis North America Inc. Pension Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Legal & General Inv Mgmt Americaaskebsa.dol.gov
  • Dec 31, 2024Assets changed
    Willis North America Inc. Pension Plan total assets $709M -> $623M (-12.1%, 2023-12-31 to 2024-12-31)
    askebsa.dol.gov
  • Dec 31, 2023Holding started
    Willis North America Inc. Pension Plan first reports an interest in WTW Gt Diversified Credit Fund (Towers Watson Investment Services,): $21M at 2023-12-31
    with Towers Watson Investment Services,askebsa.dol.gov
  • Jan 1, 2023Funded status changed
    Willis North America Inc. Pension Plan funded ratio 106.0% -> 92.2% (2022-01-01 to 2023-01-01)
    askebsa.dol.gov
  • Jan 1, 2023Assets changed
    Willis North America Inc. Pension Plan plan assets $920M -> $712M (-22.6%, 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 135654526-001
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.