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 Gates Group Retirement Plan

Corporate pensionDenver, CO
Assets
$125M
Total assets, Dec 31, 2024 reported
Funded
95.1%
Jan 1, 2024
Private markets target
n/a
policy Dec 31, 2024
Commitments
33
none on the tape
Plan sponsor: Gates Corporation
Allocation policy
Form 5500, as of Dec 31, 2024
Actual allocation lines without a target (as filed)
  • Partnership/joint venture interests 3.4%
  • 103-12 investment entities 9.0%
  • Common/collective trusts 84.1%
Consultants and advisers
3 firms
People
No investment staff or executives have been read for this allocator yet.
Manager roster
5 managers on the commitment tape
From the plan’s own commitment disclosures
From Schedule C (investment management, code 28)
Commitments
33 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$5.1M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024State St Lng US Govt Bd Ind Nl Fundcollective trustState Street - Russell 2000Pooled vehicles$9.4M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Ssga Intermed U.S. Govt Bond Indxcollective trustState Street - Russell 2000Fixed income$64,358 heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024WTW Liquid Diversifiers Fund, Ltd103 12 ieTowers Watson Investment Services, IncHedge / diversifiers$11.3M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Treasury US 15 Yr Key Rate Durationcollective trustBlackrock Institutional TrustFixed income$3.1M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Treasury U.S. 20 Year Key Rate Duracollective trustBlackrockFixed income$6.2M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024WTW Gt Subs Reds Clear Rafcollective trustTowers Watson Investment Services,Pooled vehicles$21.2M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024WTW Gt Diversified Credit Fundcollective trustTowers Watson Investment Services,Private credit$21.2M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024WTW Gt Long Credit Fundcollective trustTowers Watson Investment Services,Private credit$7.2M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024WTW Gt Diversified Equity Fundcollective trustTowers Watson Investment Services,Hedge / diversifiers$27.5M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Collective US Govt Stif 15collective trustBank of New York MellonPooled vehicles$2.6M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023State St Lng US Govt Bd Ind Nl Fundcollective trustState Street - Russell 2000Pooled vehicles$11.0M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Ssga Intermed U.S. Govt Bond Indxcollective trustState Street - Russell 2000Fixed income$2.4M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023WTW Liquid Diversifiers Fund, Ltd103 12 ieTowers Watson Investment Services, IncHedge / diversifiers$1.7M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Treasury US 10 Yr Key Rate Durationcollective trustBlackrock Institutional TrustFixed income$8.1M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Treasury US 15 Yr Key Rate Durationcollective trustBlackrock Institutional TrustFixed income$5.1M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Treasury U.S. 20 Year Key Rate Duracollective trustBlackrockFixed income$7.9M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023WTW Gt Subs Reds Clear Rafcollective trustTowers Watson Investment Services,Pooled vehicles$21.9M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023WTW Gt Diversified Credit Fundcollective trustTowers Watson Investment Services,Private credit$21.1M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023WTW Gt Long Credit Fundcollective trustTowers Watson Investment Services,Private credit$7.3M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023WTW Gt Diversified Equity Fundcollective trustTowers Watson Investment Services,Hedge / diversifiers$29.1M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Collective US Govt Stif 15collective trustBank of New York MellonPooled vehicles$1.7M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022WTW Gt Subs Reds Clear Rafcollective trustTowers Watson Investment Services,Pooled vehicles$29.0M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022WTW Gt Diversified Credit Fundcollective trustTowers Watson Investment Services,Private credit$21.9M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022WTW Gt Long Credit Fundcollective trustTowers Watson Investment Services,Private credit$8.2M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022WTW Gt Diversified Equity Fundcollective trustTowers Watson Investment Services,Hedge / diversifiers$27.5M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Collective US Govt Stif 15collective trustBank of New York MellonPooled vehicles$1.7M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Treasury U.S. 20 Year Key Rate Duracollective trustBlackrockFixed income$1.7M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Wtc-Ctf Glbl Total Return Portfoliocollective trustWillis Towers Watson Group TrusPooled vehicles$1.7M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022State St Lng US Govt Bd Ind Nl Fundcollective trustState Street - Russell 2000Pooled vehicles$11.3M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Ssga Intermed U.S. Govt Bond Indxcollective trustState Street - Russell 2000Fixed income$8.7M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Treasury US 10 Yr Key Rate Durationcollective trustBlackrock Institutional TrustFixed income$6.2M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Treasury US 15 Yr Key Rate Durationcollective trustBlackrock Institutional TrustFixed income$3.6M heldDisclosed holdingaskebsa.dol.gov
Size and funding
33 readings
Total assets
$125M Dec 31, 2024 reported Form 5500
$135M (2023-12) · $148M (2022-12)
Plan assets
$135M Jan 1, 2024 reported Form 5500
$148M (2023-01) · $203M (2022-01)
Net assets
$125M Dec 31, 2024 reported Form 5500
$135M (2023-12) · $148M (2022-12)
Funded ratio
95.1% Jan 1, 2024 reported Form 5500
94.2% (2023-01) · 106.0% (2022-01)
Funding target
$153M Jan 1, 2024 reported Form 5500
$167M (2023-01) · $176M (2022-01)
Discount rate
4.96% Jan 1, 2024 reported Form 5500
5.08% (2023-01) · 5.24% (2022-01)
Participants
1,642 Jan 1, 2024 reported Form 5500
1,736 (2023-01) · 1,839 (2022-01)
Contributions
$4.3M Dec 31, 2024 reported Form 5500
$0 (2023-12) · $0 (2022-12)
Benefits paid
$17.1M Dec 31, 2024 reported Form 5500
$18.6M (2023-12) · $20.1M (2022-12)
Net investment income
$-10.6M Dec 31, 2024 reported Form 5500
$-13.0M (2023-12) · $-54.4M (2022-12)
Investment management fees
$234,168 Dec 31, 2024 reported Form 5500
$245,691 (2023-12) · $259,106 (2022-12)
Form 5500 filings
3 plan years
Plan yearParticipantsAssets (SB market)Funding targetFTAPTotal assets (H)Partnerships / JVMaster trustReal estate
2024 to Dec 31, 20241,642$135M$153M95.1%$125M$4.2Mn/an/a
2023 to Dec 31, 20231,736$148M$167M94.2%$135M$12.9Mn/an/a
2022 to Dec 31, 20221,839$203M$176M106.0%$148M$19.3Mn/an/a
Service providers and investment entities as filed (Schedule C and D, latest year first)
  • Willis Towers Watson US LLC codes 11 17 $398,146 PY2024
  • Towers Watson Investment Service in codes 16 17 27 $220,343 PY2024
  • BNY Mellon codes 19 21 $81,201 PY2024
  • BDO USA, P.C. codes 10 $79,105 PY2024
  • Blackrock Institutional Trust codes 28 $13,825 PY2024
  • Treasury US 15 Yr Key Rate Duration Sched. D C $3.1M PY2024
  • Treasury US 20 Yr Key Rate Duration Sched. D C $1.3M PY2024
  • Treasury US 5 Yr Key Rate Duration Sched. D C $6.2M PY2024
  • WTW Gt Subs Reds Clear Raf Sched. D C $21.2M PY2024
  • Wtwgt Diversified Credit Fund Sched. D C $21.2M PY2024
  • Wtwgt Long Credit Fund Sched. D C $7.2M PY2024
  • Wtwgt Diversified Equity Fund Sched. D C $27.5M PY2024
  • BNY Mellon Collective Fund Eb Tif Sched. D C $2.6M PY2024
  • Ssga Long US Government Index Fund Sched. D C $9.4M PY2024
  • Intermediate U.S. Govt Index Fund Sched. D C $64,358 PY2024
  • Liquid Diversifiers Fund, Ltd. Sched. D E $11.3M PY2024
  • Treasury US 10 Yr Key Rate Duration Sched. D C $5.1M PY2024
  • Willis Towers Watson US LLC codes 11 PY2024
  • Willis Towers Watson US LLC codes 11 17 $424,606 PY2023
  • Towers Watson Investment Service in codes 16 17 $230,995 PY2023
  • BNY Mellon codes 19 21 $101,661 PY2023
  • BDO USA, P.C. codes 10 $62,500 PY2023
  • Blackrock Institutional Trust codes 28 $14,696 PY2023
  • Treasury US 10 Yr Key Rate Duration Sched. D C $8.1M PY2023
  • Treasury US 15 Yr Key Rate Duration Sched. D C $5.1M PY2023
  • Treasury US 20 Yr Key Rate Duration Sched. D C $1.7M PY2023
  • WTC Ctf Global Return Fund Sched. D C PY2023
  • WTW Gt Subs Reds Clear Raf Sched. D C $21.9M PY2023
  • Wtwgt Diversified Credit Fund Sched. D C $21.1M PY2023
  • Wtwgt Long Credit Fund Sched. D C $7.3M PY2023
  • Wtwgt Diversified Equity Fund Sched. D C $29.1M PY2023
  • BNY Mellon Collective Fund Eb Tif Sched. D C $1.7M PY2023
  • Treasury US 5 Yr Key Rate Duration Sched. D C $7.9M PY2023
  • Ssga Long US Government Index Fund Sched. D C $11.0M PY2023
  • Intermediate U.S. Govt Index Fund Sched. D C $2.4M PY2023
  • Liquid Diversifiers Fund, Ltd. Sched. D E $1.7M PY2023
  • Willis Towers Watson US LLC codes 11 PY2023
  • Willis Towers Watson US LLC codes 11 17 $381,254 PY2022
  • Towers Watson Investment Service in codes 16 17 $253,374 PY2022
  • BNY Mellon codes 19 21 $63,823 PY2022
  • BDO USA, P.C. codes 10 $52,250 PY2022
  • Blackrock Institutional Trust codes 28 $5,732 PY2022
  • BNY Mellon Collective Fund Eb Tif Sched. D C $1.7M PY2022
  • Treasury US 5 Yr Key Rate Duration Sched. D C $7.7M PY2022
  • WTC Ctf Global Return Fund Sched. D C $1.7M PY2022
  • Ssga Long US Government Index Fund Sched. D C $11.3M PY2022
  • Intermediate U.S. Govt Index Fund Sched. D C $8.7M PY2022
  • Intermed U.S. Govt Bond Index Fund Sched. D C PY2022
  • Treasury US 10 Yr Key Rate Duration Sched. D C $6.2M PY2022
  • Treasury US 15 Yr Key Rate Duration Sched. D C $3.6M PY2022
  • Treasury US 20 Yr Key Rate Duration Sched. D C $1.7M PY2022
  • Ir+m Intermediate Corporate Collect Sched. D C PY2022
  • WTW Gt Subs Reds Clear Raf Sched. D C $29.0M PY2022
  • Wtwgt Diversified Credit Fund Sched. D C $21.9M PY2022
  • Wtwgt Long Credit Fund Sched. D C $8.2M PY2022
  • Wtwgt Diversified Equity Fund Sched. D C $27.5M PY2022
  • Willis Towers Watson US LLC codes 11 PY2022
What changed
4 events
  • Dec 31, 2023Holding started
    The Gates Group Retirement Plan first reports an interest in WTW Liquid Diversifiers Fund, Ltd: $2M at 2023-12-31
    with WTW Liquid Diversifiers Fund, Ltd.askebsa.dol.gov
  • Dec 31, 2023Holding endedinference
    The Gates Group Retirement Plan no longer reports Wtc-Ctf Glbl Total Return Portfolio (last held $2M at 2022-12-31; absent from the 2023-12-31 filing)
    with Wtc-Ctf Glbl Total Return Portfolioaskebsa.dol.gov
  • Jan 1, 2023Funded status changed
    The Gates Group Retirement Plan funded ratio 106.0% -> 94.2% (2022-01-01 to 2023-01-01)
    askebsa.dol.gov
  • Jan 1, 2023Assets changed
    The Gates Group Retirement Plan plan assets $203M -> $148M (-26.8%, 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 840857401-333
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.