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

BAE Systems Employees' Retirement Plan

Corporate pensionFalls Church, VA
Assets
$3.2B
Total assets, Dec 31, 2024 reported
Funded
90.3%
Jan 1, 2024
Private markets target
n/a
policy Dec 31, 2024
Commitments
0
2 managers on Schedule C
Plan sponsor: BAE Systems, Inc.
Allocation policy
Form 5500, as of Dec 31, 2024
Actual allocation lines without a target (as filed)
  • Master trust investment accounts 100.0%
Consultants and advisers
10 firms
People
No investment staff or executives have been read for this allocator yet.
Manager roster
9 managers on Schedule C
From Schedule C (investment management, code 28)
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
33 readings
Total assets
$3.2B Dec 31, 2024 reported Form 5500
$3.4B (2023-12) · $4.1B (2022-12)
Plan assets
$3.4B Jan 1, 2024 reported Form 5500
$4.1B (2023-01) · $5.4B (2022-01)
Net assets
$3.2B Dec 31, 2024 reported Form 5500
$3.4B (2023-12) · $4.1B (2022-12)
Funded ratio
90.3% Jan 1, 2024 reported Form 5500
89.0% (2023-01) · 109.7% (2022-01)
Funding target
$3.3B Jan 1, 2024 reported Form 5500
$4.3B (2023-01) · $4.1B (2022-01)
Discount rate
5.13% Jan 1, 2024 reported Form 5500
5.07% (2023-01) · 5.36% (2022-01)
Participants
23,647 Jan 1, 2024 reported Form 5500
30,388 (2023-01) · 29,887 (2022-01)
Contributions
$75.0M Dec 31, 2024 reported Form 5500
$0 (2023-12) · $0 (2022-12)
Benefits paid
$308M Dec 31, 2024 reported Form 5500
$1.2B (2023-12) · $259M (2022-12)
Net investment income
$-204M Dec 31, 2024 reported Form 5500
$-826M (2023-12) · $-1.5B (2022-12)
Investment management fees
$4.2M Dec 31, 2024 reported Form 5500
$4.6M (2023-12) · $5.9M (2022-12)
Form 5500 filings
3 plan years
Plan yearParticipantsAssets (SB market)Funding targetFTAPTotal assets (H)Partnerships / JVMaster trustReal estate
2024 to Dec 31, 202423,647$3.4B$3.3B90.3%$3.2Bn/a$3.2Bn/a
2023 to Dec 31, 202330,388$4.1B$4.3B89.0%$3.4Bn/a$3.4Bn/a
2022 to Dec 31, 202229,887$5.4B$4.1B109.7%$4.1Bn/a$4.1Bn/a
Service providers and investment entities as filed (Schedule C and D, latest year first)
What changed
7 events
  • Dec 31, 2024Consultant changedinference
    RHK Consulting, LLC appears on BAE Systems Employees' Retirement Plan's Schedule C as pension consultant (plan year 2024 vs 2023)
    with RHK Consulting, LLCaskebsa.dol.gov
  • Jan 1, 2024Assets changed
    BAE Systems Employees' Retirement Plan plan assets $4.1B -> $3.4B (-18.0%, 2023-01-01 to 2024-01-01)
    askebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    T. Rowe Price Associates, Inc. no longer appears on BAE Systems Employees' Retirement Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with T Rowe Price Associates Incaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    Blackstone Real Estate Advisors LP no longer appears on BAE Systems Employees' Retirement Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Blackstone Real Estate Advisors LPaskebsa.dol.gov
  • Dec 31, 2023Assets changed
    BAE Systems Employees' Retirement Plan total assets $4.1B -> $3.4B (-17.6%, 2022-12-31 to 2023-12-31)
    askebsa.dol.gov
  • Jan 1, 2023Funded status changed
    BAE Systems Employees' Retirement Plan funded ratio 109.7% -> 89.0% (2022-01-01 to 2023-01-01)
    askebsa.dol.gov
  • Jan 1, 2023Assets changed
    BAE Systems Employees' Retirement Plan plan assets $5.4B -> $4.1B (-24.9%, 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 223537950-050
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.