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
King & Spalding LLP Cash Balance Pension Plan
Corporate pensionAtlanta, GA
Assets
$355M
Total assets, Dec 31, 2025 reported
Funded
147.9%
Jan 1, 2025
Private markets target
n/a
policy Dec 31, 2025
Commitments
0
none on the tape
Plan sponsor: King & Spalding LLP
Allocation policy
Form 5500, as of Dec 31, 2025
Actual allocation lines without a target (as filed)
- Interest-bearing cash 0.0%
- Other investments 14.5%
- Registered investment companies 84.3%
Consultants and advisers
6 firms
- Fiducient Advisors LLC Investment adviser (plan)through Dec 31, 2025 Form 5500
- Morgan Stanley Smith Barney, LLC Investment adviser (plan)through Dec 31, 2022 Form 5500
- PWC US Tax LLP Actuarythrough Dec 31, 2025 Form 5500
- Schwab Retirment Plan Services, Inc Trusteethrough Dec 31, 2025 Form 5500
- PWC US Consulting LLP Actuarythrough Dec 31, 2025 Form 5500
- Pricewaterhousecoopers LLP Actuarythrough Dec 31, 2022 Form 5500
People
No investment staff or executives have been read for this allocator yet.
Manager roster
No manager relationship is on the tape for this allocator.
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
44 readings
Total assets
$309M (2024-12) · $259M (2023-12) · $197M (2022-12)
Funded ratio
142.8% (2024-01) · 149.1% (2023-01) · 161.2% (2022-01)
Funding target
$193M (2024-01) · $140M (2023-01) · $119M (2022-01)
Discount rate
4.99% (2024-01) · 5.03% (2023-01) · 5.19% (2022-01)
Contributions
$47.1M (2024-12) · $54.5M (2023-12) · $64.4M (2022-12)
Benefits paid
$27.7M (2024-12) · $19.5M (2023-12) · $17.2M (2022-12)
Net investment income
$50.8M (2024-12) · $61.3M (2023-12) · $26.9M (2022-12)
Investment management fees
$282,588 (2024-12) · $527,788 (2023-12) · $527,857 (2022-12)
Form 5500 filings
4 plan years
| Plan year | Participants | Assets (SB market) | Funding target | FTAP | Total assets (H) | Partnerships / JV | Master trust | Real estate |
|---|---|---|---|---|---|---|---|---|
| 2025 to Dec 31, 2025 | 207 | $322M | $217M | 147.9% | $355M | n/a | n/a | n/a |
| 2024 to Dec 31, 2024 | 218 | $276M | $193M | 142.8% | $309M | n/a | n/a | n/a |
| 2023 to Dec 31, 2023 | 225 | $209M | $140M | 149.1% | $259M | n/a | n/a | n/a |
| 2022 to Dec 31, 2022 | 216 | $191M | $119M | 161.2% | $197M | n/a | n/a | n/a |
Service providers and investment entities as filed (Schedule C and D, latest year first)
- Fiducient Advisors LLC codes 27 50 72 $125,248 PY2025
- PWC US Tax LLP codes 11 50 $108,000 PY2025
- Ernst & Young LLP codes 10 50 $51,000 PY2025
- Schwab Retirement Plan Services codes 15 21 59 $10,752 PY2025
- PWC US Consulting LLP codes 11 PY2025
- Morgan Stanley Global codes 27 50 72 $160,988 PY2024
- Fiducient Advisors LLC codes 27 50 72 $121,600 PY2024
- Pricewaterhousecoopers LLP codes 11 15 50 $112,500 PY2024
- Ernst & Young LLP codes 10 50 $49,000 PY2024
- Schwab Retirement Plan Services codes 15 21 $4,500 PY2024
- PWC US Consulting LLP codes 11 PY2024
- Morgan Stanley Global codes 27 50 72 $527,788 PY2023
- Pricewaterhousecoopers LLP codes 11 15 50 $67,500 PY2023
- Ernst & Young LLP codes 10 50 $47,000 PY2023
- Schwab Retirement Plan Services codes 15 21 $4,000 PY2023
- PWC US Consulting LLP codes 11 PY2023
- Morgan Stanley Global codes 27 50 72 $527,857 PY2022
- Pricewaterhousecoopers LLP codes 11 15 50 $112,500 PY2022
- Ernst & Young LLP codes 10 50 $47,400 PY2022
- Schwab Retirement Plan Services codes 15 21 $3,875 PY2022
- Pricewaterhousecoopers LLP codes 11 PY2022
What changed
10 events
- Dec 31, 2025Consultant changedinferenceMorgan Stanley Global no longer appears on King & Spalding LLP Cash Balance Pension Plan's Schedule C as investment adviser (plan) (plan year 2025 vs 2024)with Morgan Stanley Smith Barney, LLCaskebsa.dol.gov
- Dec 31, 2025Assets changedKing & Spalding LLP Cash Balance Pension Plan total assets $309M -> $355M (+14.9%, 2024-12-31 to 2025-12-31)
- Jan 1, 2025Funded status changedKing & Spalding LLP Cash Balance Pension Plan funded ratio 142.8% -> 147.9% (2024-01-01 to 2025-01-01)
- Jan 1, 2025Assets changedKing & Spalding LLP Cash Balance Pension Plan plan assets $276M -> $322M (+16.7%, 2024-01-01 to 2025-01-01)
- Dec 31, 2024Consultant changedinferenceFiducient Advisors LLC appears on King & Spalding LLP Cash Balance Pension Plan's Schedule C as investment adviser (plan) (plan year 2024 vs 2023)with Fiducient Advisors LLCaskebsa.dol.gov
- Dec 31, 2024Assets changedKing & Spalding LLP Cash Balance Pension Plan total assets $259M -> $309M (+19.7%, 2023-12-31 to 2024-12-31)
- Jan 1, 2024Funded status changedKing & Spalding LLP Cash Balance Pension Plan funded ratio 149.1% -> 142.8% (2023-01-01 to 2024-01-01)
- Jan 1, 2024Assets changedKing & Spalding LLP Cash Balance Pension Plan plan assets $209M -> $276M (+31.9%, 2023-01-01 to 2024-01-01)
- Dec 31, 2023Assets changedKing & Spalding LLP Cash Balance Pension Plan total assets $197M -> $259M (+31.1%, 2022-12-31 to 2023-12-31)
- Jan 1, 2023Funded status changedKing & Spalding LLP Cash Balance Pension Plan funded ratio 161.2% -> 149.1% (2022-01-01 to 2023-01-01)
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Provenance
Identifiers: EIN-PN 580520153-003
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.