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

General Dynamics Retirement Plan (electric Boat and Mission Systems)

Corporate pensionReston, VA
Assets
$4.1B
Total assets, Dec 31, 2024 reported
Funded
95.1%
Jan 1, 2024
Private markets target
n/a
policy Dec 31, 2024
Commitments
16
none on the tape
Plan sponsor: General Dynamics Corporation
Allocation policy
Form 5500, as of Dec 31, 2024
Actual allocation lines without a target (as filed)
  • Common/collective trusts 87.3%
  • Master trust investment accounts 3.5%
  • Registered investment companies 7.3%
Consultants and advisers
5 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
16 rows, 0 dated closings
Disclosed holdings (from the plan’s performance or holdings report, as of the report date)
DateFundManagerBucketAmountVintageStatusSource
as of Dec 31, 2024Amer Cent Corp High Yield Bd Tr Kcollective trustGlobal Trust CompanyFixed income$94.2M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Developed Real Estate Idx N-L Fd Fcollective trustBlackrock Institutional Trust Company, N.A.Real estate$67.3M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024High Yield Bond Fundcollective trustBlackrock Institutional Trust Company, N.A.Fixed income$60.7M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Intermediate Govt Bond Index Fundcollective trustBlackrock Institutional Trust Co,naFixed income$219M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Blackrock Long Term Govt Nl Indexcollective trustBlackrock Institutional Trust Company, N.A.Pooled vehicles$153M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024US Long Credit Bond Fundcollective trustBlackrock Institutional Trust Company, N.A.Private credit$510M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Treasury U.S. 5 Year Key Rate Duratcollective trustBlackrock Institutional Trust Company, N.A.Fixed income$134M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Treasury US 10 Yr Key Rate Durationcollective trustBlackrock Institutional TrustFixed income$131M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Treasury US 15 Yr Key Rate Durationcollective trustBlackrock Institutional TrustFixed income$87.4M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Treasury U.S. 20 Year Key Rate Duracollective trustBlackrockFixed income$50.2M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024TSY U.S. 25+ Yr Key Rate Dur Nl Fdcollective trustBlackrockPooled vehicles$95.3M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024NTC Emer Mkt Ex China Inv Mkt Id Nlcollective trustNorthern Trust Collective Eafe IndePooled vehicles$5.9M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024NTC Government Short Term Invt Fdcollective trustNorthern Trust Investments, Inc.Cash$61.2M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Ntgi Russell 1000 Index Fundcollective trustNorthern Trust Collective Eafe IndePooled vehicles$711M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024NTC World Ex US Inv Mkt Ind Fd-Lendcollective trustNorthern Trust Collective Eafe IndePooled vehicles$382M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Pimco Long-Term Credit Bd Cit Cl Gdcollective trustGreat Gray Trust Company, LLCPrivate credit$802M heldDisclosed holdingaskebsa.dol.gov
Size and funding
33 readings
Total assets
$4.1B Dec 31, 2024 reported Form 5500
$4.5B (2023-12) · $2.6B (2022-12)
Plan assets
$4.5B Jan 1, 2024 reported Form 5500
$2.6B (2023-01) · $3.5B (2022-01)
Net assets
$4.1B Dec 31, 2024 reported Form 5500
$4.5B (2023-12) · $2.6B (2022-12)
Funded ratio
95.1% Jan 1, 2024 reported Form 5500
91.6% (2023-01) · 107.3% (2022-01)
Funding target
$5.0B Jan 1, 2024 reported Form 5500
$3.0B (2023-01) · $3.0B (2022-01)
Discount rate
5.09% Jan 1, 2024 reported Form 5500
5.22% (2023-01) · 5.39% (2022-01)
Participants
31,832 Jan 1, 2024 reported Form 5500
20,791 (2023-01) · 21,183 (2022-01)
Contributions
$88.5M Dec 31, 2024 reported Form 5500
$0 (2023-12) · $13.0M (2022-12)
Benefits paid
$569M Dec 31, 2024 reported Form 5500
$193M (2023-12) · $187M (2022-12)
Net investment income
$-446M Dec 31, 2024 reported Form 5500
$94.9M (2023-12) · $-901M (2022-12)
Investment management fees
$4.5M Dec 31, 2024 reported Form 5500
$1.4M (2023-12) · $2.6M (2022-12)
Form 5500 filings
3 plan years
Plan yearParticipantsAssets (SB market)Funding targetFTAPTotal assets (H)Partnerships / JVMaster trustReal estate
2024 to Dec 31, 202431,832$4.5B$5.0B95.1%$4.1Bn/a$143Mn/a
2023 to Dec 31, 202320,791$2.6B$3.0B91.6%$4.5Bn/a$4.5Bn/a
2022 to Dec 31, 202221,183$3.5B$3.0B107.3%$2.6Bn/a$2.6Bn/a
Service providers and investment entities as filed (Schedule C and D, latest year first)
  • AON Consulting, Inc. codes 11 16 50 $2.8M PY2024
  • Blackrock Financial Management, Inc codes 28 50 51 $2.6M PY2024
  • Fidelity Inv Inst Ops Corp Inc codes 13 15 38 50 64 $1.9M PY2024
  • Pacific Investment Mgmt Co LLC codes 28 50 51 $1.9M PY2024
  • Kpmg LLP codes 10 50 $134,700 PY2024
  • Crowe LLP codes 10 16 50 $22,854 PY2024
  • Jenner & Block LLP codes 29 50 $11,529 PY2024
  • The Northern Trust Company codes 21 25 50 62 65 99 $10,486 PY2024
  • High Yield Bond Fund Sched. D C $60.7M PY2024
  • Intermediate Gov Bd Index Fund Sched. D C $219M PY2024
  • Long Term Gov Bond Index N-L Fd Sched. D C $153M PY2024
  • US Long Credit Bond Fund Sched. D C $510M PY2024
  • Treas US 5 Year Key Rate Dur N-L Fd Sched. D C $134M PY2024
  • Treas US 10 Year Key Rate Dur N-L a Sched. D C $131M PY2024
  • Tres US 15 Year Key Rate Dur N-L Fd Sched. D C $87.4M PY2024
  • Tres US 20 Year Key Rate Dur N-L Fd Sched. D C $50.2M PY2024
  • Tres US 25+ Year Key Rate Dur N-L F Sched. D C $95.3M PY2024
  • NTC Emer Mkt Ex China Inv Mkt Id Nl Sched. D C $5.9M PY2024
  • NTC Government Short Term Invt Fd Sched. D C $61.2M PY2024
  • NTC Russell 1000 Ind Fund - Lending Sched. D C $711M PY2024
  • NTC World Ex US Inv Mkt Ind Fd-Lend Sched. D C $382M PY2024
  • GDC Grp Rettrust-Mission Syst Pool Sched. D M PY2024
  • Pimco Long-Term Credit Bd Cit Cl Gd Sched. D C $802M PY2024
  • GDC Grp Rettrust-Liability Aware Pl Sched. D M $4,958 PY2024
  • GDC Grp Ret Trust-Diversifying Pool Sched. D M $143M PY2024
  • GDC Group Ret Trust-Nomura Pool Sched. D M $6,036 PY2024
  • GDC Grp Rettrust-Electric Boat Pool Sched. D M PY2024
  • GDC Grp Rettrust-Ms 401(h)pool Sched. D M PY2024
  • Amer Cent Corp High Yield Bd Tr K Sched. D C $94.2M PY2024
  • Developed Real Estate Idx N-L Fd F Sched. D C $67.3M PY2024
  • AON Consulting, Inc. codes 11 PY2024
  • Blackrock Financial Management, Inc codes 28 50 51 $1.6M PY2023
  • Fidelity Inv Inst Ops Corp Inc codes 13 15 38 50 64 $1.0M PY2023
  • The Northern Trust Company codes 21 25 50 62 65 99 $235,882 PY2023
  • AON Consulting, Inc. codes 11 16 50 $219,237 PY2023
  • Kpmg LLP codes 10 50 $57,000 PY2023
  • Jenner & Block LLP codes 29 50 $28,353 PY2023
  • Crowe LLP codes 10 16 50 $9,550 PY2023
  • Blackrock Institutional Trust Co Na codes 28 50 51 $6,603 PY2023
  • GDC Grp Rettrust-Liability Aware Pl Sched. D M $365,383 PY2023
  • GDC Group Ret Trust-Equity Pool Sched. D M PY2023
  • GDC Grp Ret Trust-Diversifying Pool Sched. D M $213M PY2023
  • GDC Grp Rettrust-Electric Boat Pool Sched. D M $2.6B PY2023
  • GDC Grp Rettrust-Mission Syst Pool Sched. D M $1.7B PY2023
  • GDC Grp Rettrust-Ms 401(h)pool Sched. D M $55.1M PY2023
  • GDC Group Ret Trust-Nomura Pool Sched. D M $2,954 PY2023
  • AON Consulting, Inc. codes 11 PY2023
  • Fidelity Inv Inst Ops Corp Inc codes 13 15 38 50 64 $1.2M PY2022
  • Blackrock Financial Management, Inc codes 28 50 51 $1.0M PY2022
  • Pacific Investment Mgmt Co LLC codes 28 50 51 $845,140 PY2022
  • The Northern Trust Company codes 21 25 50 62 65 99 $611,310 PY2022
  • Dodge & Cox codes 28 50 51 52 68 $277,467 PY2022
  • Blackrock Institutional Trust Co Na codes 28 50 51 $237,118 PY2022
  • Nomura Corp Rsrch and Asset Mgmt in codes 27 28 50 51 $166,314 PY2022
  • Dimensional Fund Advisers LP codes 28 50 51 52 $155,414 PY2022
  • AON Consulting, Inc. codes 11 16 50 $76,258 PY2022
  • Kpmg LLP codes 10 50 $57,000 PY2022
  • Jenner & Block LLP codes 29 50 $20,092 PY2022
  • K&l Gates, LLP codes 29 50 $9,275 PY2022
  • Crowe LLP codes 10 16 50 $8,668 PY2022
  • GDC Group Ret Trust-Equity Pool Sched. D M $100,261 PY2022
  • GDC Grp Ret Trust-Diversifying Pool Sched. D M $197M PY2022
  • GDC Grp Rettrust-Liability Aware Pl Sched. D M $4.0M PY2022
  • GDC Grp Rettrust-Electric Boat Pool Sched. D M $2.4B PY2022
  • GDC Group Ret Trust-Nomura Pool Sched. D M $545,067 PY2022
  • AON Consulting, Inc. codes 11 PY2022
What changed
10 events
  • Dec 31, 2024Manager relationship started
    Pacific Investment Mgmt Co LLC appears on General Dynamics Retirement Plan (electric Boat and Mission Systems)'s Schedule C as investment manager (plan year 2024 vs 2023)
    with Pacific Investmt Management Co LLCaskebsa.dol.gov
  • Jan 1, 2024Funded status changed
    General Dynamics Retirement Plan (electric Boat and Mission Systems) funded ratio 91.6% -> 95.1% (2023-01-01 to 2024-01-01)
    askebsa.dol.gov
  • Jan 1, 2024Assets changed
    General Dynamics Retirement Plan (electric Boat and Mission Systems) plan assets $2.6B -> $4.5B (+72.5%, 2023-01-01 to 2024-01-01)
    askebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    Dimensional Fund Advisers LP no longer appears on General Dynamics Retirement Plan (electric Boat and Mission Systems)'s Schedule C as investment manager (plan year 2023 vs 2022)
    with Dimensional Fund Advisors, LPaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    Pacific Investment Mgmt Co LLC no longer appears on General Dynamics Retirement Plan (electric Boat and Mission Systems)'s Schedule C as investment manager (plan year 2023 vs 2022)
    with Pacific Investmt Management Co LLCaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    Nomura Corp Rsrch and Asset Mgmt in no longer appears on General Dynamics Retirement Plan (electric Boat and Mission Systems)'s Schedule C as investment manager (plan year 2023 vs 2022)
    with Nomura Corporate Research and Assetaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    Dodge & Cox no longer appears on General Dynamics Retirement Plan (electric Boat and Mission Systems)'s Schedule C as investment manager (plan year 2023 vs 2022)
    with Dodge & Coxaskebsa.dol.gov
  • Dec 31, 2023Assets changed
    General Dynamics Retirement Plan (electric Boat and Mission Systems) total assets $2.6B -> $4.5B (+74.9%, 2022-12-31 to 2023-12-31)
    askebsa.dol.gov
  • Jan 1, 2023Funded status changed
    General Dynamics Retirement Plan (electric Boat and Mission Systems) funded ratio 107.3% -> 91.6% (2022-01-01 to 2023-01-01)
    askebsa.dol.gov
  • Jan 1, 2023Assets changed
    General Dynamics Retirement Plan (electric Boat and Mission Systems) plan assets $3.5B -> $2.6B (-25.7%, 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 131673581-070
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.