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

Michigan Carpenters' Pension Fund

Taft-Hartley planLansing, MI
Assets
$774M
Total assets, Aug 31, 2025 reported
Funded
71.4%
Sep 1, 2024
Private markets target
n/a
policy Aug 31, 2025
Commitments
15
none on the tape
Plan sponsor: Board of Trustees, Michigan Carpenters' Pension Fund
Allocation policy
Form 5500, as of Aug 31, 2025
Actual allocation lines without a target (as filed)
  • Non-interest-bearing cash 1.1%
  • Other investments 11.9%
  • Partnership/joint venture interests 49.6%
  • Common/collective trusts 3.6%
  • Pooled separate accounts 0.5%
  • Registered investment companies 26.0%
  • Common stock 6.6%
Consultants and advisers
4 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
15 rows, 0 dated closings
Disclosed holdings (from the plan’s performance or holdings report, as of the report date)
DateFundManagerBucketAmountVintageStatusSource
as of Aug 31, 2025Short Term Investment Fundcollective trustComericaCash$7.0M heldDisclosed holdingaskebsa.dol.gov
as of Aug 31, 2025Multi-Employer Property Trustcollective trustNEW Tower Trust CompanyReal estate$5.7M heldDisclosed holdingaskebsa.dol.gov
as of Aug 31, 2025Afl-Cio Housing Investment Trustcollective trustAfl-Cio Housing InvPooled vehicles$3.7M heldDisclosed holdingaskebsa.dol.gov
as of Aug 31, 2025Separate Account Jseparate accountUllico Investment Advisors, Inc.Pooled vehicles$3.7M heldDisclosed holdingaskebsa.dol.gov
as of Aug 31, 2025William Blair Emerging Markets Smalcollective trustWilliam Blair Investment ManagementPublic equity$11.1M heldDisclosed holdingaskebsa.dol.gov
as of Aug 31, 2024Short Term Investment Fundcollective trustComericaCash$4.5M heldDisclosed holdingaskebsa.dol.gov
as of Aug 31, 2024Multi-Employer Property Trustcollective trustNEW Tower Trust CompanyReal estate$5.6M heldDisclosed holdingaskebsa.dol.gov
as of Aug 31, 2024Afl-Cio Housing Investment Trustcollective trustAfl-Cio Housing InvPooled vehicles$3.6M heldDisclosed holdingaskebsa.dol.gov
as of Aug 31, 2024Separate Account Jseparate accountUllico Investment Advisors, Inc.Pooled vehicles$3.6M heldDisclosed holdingaskebsa.dol.gov
as of Aug 31, 2024William Blair Emerging Markets Smalcollective trustWilliam Blair Investment ManagementPublic equity$10.1M heldDisclosed holdingaskebsa.dol.gov
as of Aug 31, 2023Short Term Investment Fundcollective trustComericaCash$4.4M heldDisclosed holdingaskebsa.dol.gov
as of Aug 31, 2023Multi-Employer Property Trustcollective trustNEW Tower Trust CompanyReal estate$6.4M heldDisclosed holdingaskebsa.dol.gov
as of Aug 31, 2023Afl-Cio Housing Investment Trustcollective trustAfl-Cio Housing InvPooled vehicles$3.3M heldDisclosed holdingaskebsa.dol.gov
as of Aug 31, 2023Separate Account Jseparate accountUllico Investment Advisors, Inc.Pooled vehicles$3.4M heldDisclosed holdingaskebsa.dol.gov
as of Aug 31, 2023William Blair Emerging Markets Smalcollective trustWilliam Blair Investment ManagementPublic equity$8.6M heldDisclosed holdingaskebsa.dol.gov
Size and funding
30 readings
Total assets
$774M Aug 31, 2025 reported Form 5500
$725M (2024-08) · $659M (2023-08)
Plan assets
$722M Sep 1, 2024 reported Form 5500
$657M (2023-09) · $645M (2022-09)
Net assets
$771M Aug 31, 2025 reported Form 5500
$722M (2024-08) · $657M (2023-08)
Funded ratio
71.4% Sep 1, 2024 reported Form 5500
68.3% (2023-09) · 67.8% (2022-09)
Participants
10,125 Sep 1, 2024 reported Form 5500
9,716 (2023-09) · 9,586 (2022-09)
Contributions
$67.2M Aug 31, 2025 reported Form 5500
$66.9M (2024-08) · $55.6M (2023-08)
Benefits paid
$78.0M Aug 31, 2025 reported Form 5500
$75.4M (2024-08) · $73.3M (2023-08)
Net investment income
$48.2M Aug 31, 2025 reported Form 5500
$65.5M (2024-08) · $12.0M (2023-08)
Investment management fees
$2.0M Aug 31, 2025 reported Form 5500
$1.8M (2024-08) · $1.9M (2023-08)
Form 5500 filings
3 plan years
Plan yearParticipantsAssets (SB market)Funding targetFTAPTotal assets (H)Partnerships / JVMaster trustReal estate
2024 to Aug 31, 202510,125n/an/an/a$774M$384Mn/an/a
2023 to Aug 31, 20249,716n/an/an/a$725M$340Mn/an/a
2022 to Aug 31, 20239,586n/an/an/a$659M$294Mn/an/a
Service providers and investment entities as filed (Schedule C and D, latest year first)
  • TIC Midwest, LLC codes 10 13 15 38 50 $546,859 PY2024
  • Nepc, LLC codes 27 50 $228,671 PY2024
  • Reinhart Partners, Inc codes 28 51 $216,037 PY2024
  • Clarkston Capital codes 28 51 $176,800 PY2024
  • Jennifer Magwood codes 30 50 $95,877 PY2024
  • United Actuarial Services codes 11 50 $89,500 PY2024
  • Trade Solutions codes 36 50 $84,985 PY2024
  • Watkins Pawlick, Calati & Prifti PC codes 29 50 $54,948 PY2024
  • Graphic Sciences codes 36 50 $48,914 PY2024
  • Benda, Grace, Stulz & Company, P.C. codes 10 50 $32,100 PY2024
  • Comerica Bank codes 19 50 $23,967 PY2024
  • Allied Mailing & Printing, Inc codes 36 50 $14,792 PY2024
  • City Printing Co codes 36 50 $12,274 PY2024
  • Paychex of New York LLC codes 49 50 $11,686 PY2024
  • Smart Business Source codes 49 50 $10,663 PY2024
  • Segal Select Insurance Services Inc codes 22 53 PY2024
  • Separate Account J Sched. D P $3.7M PY2024
  • Short Term Investment Trust Sched. D C $7.0M PY2024
  • Multi Employer Property Trust Sched. D C $5.7M PY2024
  • Afl-Cio Housing Investment Trust Sched. D C $3.7M PY2024
  • Emerging Market Small Cap Growth Sched. D C $11.1M PY2024
  • United Actuarial Services, Inc. codes 11 PY2024
  • TIC International codes 10 13 15 38 50 $523,904 PY2023
  • Reinhart Partners, Inc. codes 28 51 $215,272 PY2023
  • Clarkston Capital codes 28 51 $202,950 PY2023
  • Nepc , LLC codes 27 50 $199,795 PY2023
  • Jennifer Magwood codes 30 50 $98,125 PY2023
  • Watkins Pawlick Calati & Prifiti PC codes 29 50 $76,356 PY2023
  • United Actuarial Services codes 11 50 $66,700 PY2023
  • Benda, Grace, Stulz & Company, P.C. codes 10 50 $31,100 PY2023
  • Trade Solutions codes 36 50 $29,015 PY2023
  • Comerica Bank codes 19 50 $25,199 PY2023
  • Paychex of New York LLC codes 49 50 $13,175 PY2023
  • Piper Jaffray & Co codes 33 71 $10,173 PY2023
  • Stifel Nicolaus & Company codes 33 71 $9,975 PY2023
  • DBI Business Interiors codes 36 50 $8,752 PY2023
  • Segal Select codes 22 53 PY2023
  • Separate Account J Sched. D P $3.6M PY2023
  • Emerging Market Small Cap Growth Sched. D C $10.1M PY2023
  • Short Term Investment Trust Sched. D C $4.5M PY2023
  • Multi Employer Property Trust Sched. D C $5.6M PY2023
  • Afl-Cio Housing Investment Trust Sched. D C $3.6M PY2023
  • United Actuarial Services, Inc. codes 11 PY2023
  • TIC International codes 10 13 15 38 50 $657,116 PY2022
  • Clarkston Capital codes 28 51 $205,030 PY2022
  • Reinhart Partners, Inc. codes 28 51 $195,515 PY2022
  • Nepc , LLC codes 27 50 $190,176 PY2022
  • Jennifer Magwood codes 30 50 $92,102 PY2022
  • United Actuarial Services codes 11 50 $77,125 PY2022
  • Watkins Pawlick Calati & Prifiti PC codes 29 50 $64,889 PY2022
  • Benda, Grace, Stulz & Company, P.C. codes 10 50 $29,600 PY2022
  • Comerica Bank codes 19 50 $22,310 PY2022
  • Trade Solutions codes 36 50 $18,150 PY2022
  • Paychex of New York LLC codes 49 50 $11,148 PY2022
  • Piper Jaffray & Co codes 33 71 $10,023 PY2022
  • Stifel Nicolaus & Company codes 33 71 $9,500 PY2022
  • DBI Business Interiors codes 36 50 $8,440 PY2022
  • Union Service Agency codes 22 53 PY2022
  • Short Term Investment Trust Sched. D C $4.4M PY2022
  • Multi Employer Property Trust Sched. D C $6.4M PY2022
  • Afl-Cio Housing Investment Trust Sched. D C $3.3M PY2022
  • Separate Account J Sched. D P $3.4M PY2022
  • Emerging Market Small Cap Growth Sched. D C $8.6M PY2022
  • United Actuarial Services, Inc. codes 11 PY2022
What changed
1 events
  • Sep 1, 2024Funded status changed
    Michigan Carpenters' Pension Fund funded ratio 68.3% -> 71.4% (2023-09-01 to 2024-09-01)
    askebsa.dol.gov
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Provenance
Identifiers: EIN-PN 386233978-001
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.