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

Betz Industries Pension Plan

Corporate pensionGrand Rapids, MI

Assets

$16.2M

Total assets, Dec 31, 2024 reported

Funded

114.5%

Jan 1, 2024

Private markets target

n/a

policy Dec 31, 2024

Commitments

none on the tape

Plan sponsor: Betz Industries, Inc.

Allocation policy

Form 5500, as of Dec 31, 2024

Actual allocation lines without a target (as filed)

Pooled separate accounts 100.0%

Consultants and advisers

2 firms

Principal Global Investors LLC Investment adviser (plan)through Dec 31, 2022 Form 5500
Principal Financial Group Actuarythrough Dec 31, 2022 Form 5500

People

No investment staff or executives have been read for this allocator yet.

Manager roster

1 managers on the commitment tape

From the plan’s own commitment disclosures

Principal42 rows, latest Dec 31, 2024

Commitments

42 rows, 0 dated closings

Disclosed holdings (from the plan’s performance or holdings report, as of the report date)

Date	Fund	Manager	Bucket	Amount	Status	Source
as of Dec 31, 2024	Prin Midcap Sep Acct-Zseparate account	Principal	Pooled vehicles	$575,467 held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2024	Principal U.S. Property Sa-Zseparate account	Principal	Real estate	$1.0M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2024	Prin Diversified Intl Sa-Zseparate account	Principal	Hedge / diversifiers	$1.9M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2024	Prin Lgcp S&p 500 Index Sa-Zseparate account	Principal	Pooled vehicles	$1.7M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2024	Prin Midcap Value I Sa-Zseparate account	Principal	Pooled vehicles	$578,405 held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2024	Prin Smcap Growth I Sep Acct-Zseparate account	Principal	Pooled vehicles	$311,036 held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2024	Prin Largecap Growth I Sa-Zseparate account	Principal	Pooled vehicles	$1.3M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2024	Prin Smcap Value II Sep Acct-Zseparate account	Principal	Pooled vehicles	$309,300 held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2024	Prin Ldi Long Duration Sa-Zseparate account	Principal	Fixed income	$3.8M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2024	Principal Overseas Sep Acct-Zseparate account	Principal	Pooled vehicles	$685,829 held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2024	Prin Equity Income Sa-Zseparate account	Principal	Fixed income	$1.3M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2024	Prin Ldi Intrm Dur Sep Acct-Zseparate account	Principal	Pooled vehicles	$745,023 held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2024	Prin Ldi Ext Dur Sep Acct-Zseparate account	Principal	Pooled vehicles	$1.9M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	Principal U.S. Property Sa-Zseparate account	Principal	Real estate	$1.0M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	Prin Diversified Intl Sa-Zseparate account	Principal	Hedge / diversifiers	$1.5M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	Prin Lgcp S&p 500 Index Sa-Zseparate account	Principal	Pooled vehicles	$950,770 held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	Prin Midcap Value I Sa-Zseparate account	Principal	Pooled vehicles	$301,997 held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	Prin Midcap Growth III Sa-Zseparate account	Principal	Pooled vehicles	$297,349 held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	Prin Smcap Growth I Sep Acct-Zseparate account	Principal	Pooled vehicles	$146,141 held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	Prin Largecap Growth I Sa-Zseparate account	Principal	Pooled vehicles	$2.2M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	Prin Smcap Value II Sep Acct-Zseparate account	Principal	Pooled vehicles	$153,495 held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	Prin Ldi Long Duration Sa-Zseparate account	Principal	Fixed income	$3.7M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	Principal Overseas Sep Acct-Zseparate account	Principal	Pooled vehicles	$680,094 held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	Prin Equity Income Sa-Zseparate account	Principal	Fixed income	$2.1M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	Prin Ldi Intrm Dur Sep Acct-Zseparate account	Principal	Pooled vehicles	$703,297 held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	Prin Ldi Ext Dur Sep Acct-Zseparate account	Principal	Pooled vehicles	$1.8M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	Prin Org Emg Mkts Sep Acct-Zseparate account	Principal	Pooled vehicles	$415,709 held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	Prin Intl Smallcap Sep Acct-Zseparate account	Principal	Pooled vehicles	$242,052 held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	Principal U.S. Property Sa-Zseparate account	Principal	Real estate	$1.2M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	Prin Diversified Intl Sa-Zseparate account	Principal	Hedge / diversifiers	$1.2M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	Prin Lgcp S&p 500 Index Sa-Zseparate account	Principal	Pooled vehicles	$860,028 held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	Prin Midcap Value I Sa-Zseparate account	Principal	Pooled vehicles	$284,337 held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	Prin Midcap Growth III Sa-Zseparate account	Principal	Pooled vehicles	$287,478 held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	Prin Smcap Growth I Sep Acct-Zseparate account	Principal	Pooled vehicles	$141,129 held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	Prin Largecap Growth I Sa-Zseparate account	Principal	Pooled vehicles	$1.9M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	Prin Smcap Value II Sep Acct-Zseparate account	Principal	Pooled vehicles	$140,519 held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	Prin High Income Sep Acct-Zseparate account	Principal	Fixed income	$492,786 held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	Principal Overseas Sep Acct-Zseparate account	Principal	Pooled vehicles	$530,826 held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	Prin Core Fix Inc Sep Acct-Zseparate account	Principal	Pooled vehicles	$4.1M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	Prin Equity Income Sa-Zseparate account	Principal	Fixed income	$2.0M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	Prin Bond Market Index Sa-Zseparate account	Principal	Fixed income	$1.1M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	Prin Org Emg Mkts Sep Acct-Zseparate account	Principal	Pooled vehicles	$372,574 held	Disclosed holding	askebsa.dol.gov

Size and funding

30 readings

Total assets

$16.2M Dec 31, 2024 reported Form 5500

$16.0M (2023-12) · $14.8M (2022-12)

Plan assets

$16.0M Jan 1, 2024 reported Form 5500

$14.8M (2023-01) · $18.3M (2022-01)

Net assets

$16.2M Dec 31, 2024 reported Form 5500

$16.0M (2023-12) · $14.8M (2022-12)

Funded ratio

114.5% Jan 1, 2024 reported Form 5500

115.6% (2023-01) · 126.7% (2022-01)

Funding target

$11.0M Jan 1, 2024 reported Form 5500

$10.9M (2023-01) · $10.2M (2022-01)

Discount rate

5.23% Jan 1, 2024 reported Form 5500

5.36% (2023-01) · 5.53% (2022-01)

Participants

195 Jan 1, 2024 reported Form 5500

194 (2023-01) · 192 (2022-01)

Benefits paid

$452,219 Dec 31, 2024 reported Form 5500

$478,327 (2023-12) · $501,203 (2022-12)

Net investment income

$192,067 Dec 31, 2024 reported Form 5500

$1.2M (2023-12) · $-3.4M (2022-12)

Investment management fees

$11,063 Dec 31, 2024 reported Form 5500

$10,547 (2023-12) · $10,978 (2022-12)

Form 5500 filings

3 plan years

Plan year	Participants	Assets (SB market)	Funding target	FTAP	Total assets (H)	Partnerships / JV	Master trust	Real estate
2024 to Dec 31, 2024	195	$16.0M	$11.0M	114.5%	$16.2M	n/a	n/a	n/a
2023 to Dec 31, 2023	194	$14.8M	$10.9M	115.6%	$16.0M	n/a	n/a	n/a
2022 to Dec 31, 2022	192	$18.3M	$10.2M	126.7%	$14.8M	n/a	n/a	n/a

Service providers and investment entities as filed (Schedule C and D, latest year first)

Helmholdt+company LLP, CPAS codes 10 50 $26,230 PY2024
Principal Global Investors, LLC codes 27 50 $11,063 PY2024
Principal Life Isurance Company codes 13 50 64 $9,015 PY2024
Prin Diversified Intl Sep Acct Sched. D P $1.9M PY2024
Prin Lgcap S&p 500 Index Sep Acct Sched. D P $1.7M PY2024
Prin Midcap Value I Sep Acct Sched. D P $578,405 PY2024
Prin Smallcap Growth I Sep Acct Sched. D P $311,036 PY2024
Prin Largecap Growth I Sep Acct Sched. D P $1.3M PY2024
Prin Smallcap Value II Sep Acct Sched. D P $309,300 PY2024
Prin Ldi Long Duration Sep Acct Sched. D P $3.8M PY2024
Principal Overseas Sep Acct Sched. D P $685,829 PY2024
Prin Equity Income Sep Acct Sched. D P $1.3M PY2024
Prin Ldi Intrm Dur Sep Acct Sched. D P $745,023 PY2024
Prin Ldi Ext Dur Sep Acct Sched. D P $1.9M PY2024
Prin Midcap Sep Acct Sched. D P $575,467 PY2024
Prin U.S. Property Sep Acct Sched. D P $1.0M PY2024
Principal Financial Group codes 11 PY2024
Helmholdt+company LLP, CPAS codes 10 50 $12,360 PY2023
Principal Global Investors, LLC codes 27 50 $10,547 PY2023
Principal Life Isurance Company codes 13 50 64 $7,201 PY2023
Prin Diversified Intl Sep Acct Sched. D P $1.5M PY2023
Prin Lgcap S&p 500 Index Sep Acct Sched. D P $950,770 PY2023
Prin Midcap Value I Sep Acct Sched. D P $301,997 PY2023
Prin Midcap Growth III Sep Acct Sched. D P $297,349 PY2023
Prin Smallcap Growth I Sep Acct Sched. D P $146,141 PY2023
Prin Largecap Growth I Sep Acct Sched. D P $2.2M PY2023
Prin Smallcap Value II Sep Acct Sched. D P $153,495 PY2023
Prin Ldi Long Duration Sep Acct Sched. D P $3.7M PY2023
Principal Overseas Sep Acct Sched. D P $680,094 PY2023
Prin Equity Income Sep Acct Sched. D P $2.1M PY2023
Prin Ldi Intrm Dur Sep Acct Sched. D P $703,297 PY2023
Prin Ldi Ext Dur Sep Acct Sched. D P $1.8M PY2023
Prin Org Emg Mkts Sep Acct Sched. D P $415,709 PY2023
Prin U.S. Property Sep Acct Sched. D P $1.0M PY2023
Principal Financial Group codes 11 PY2023
Helmholdt+company LLP, CPAS codes 10 50 $11,980 PY2022
Principal Global Investors, LLC codes 27 50 $10,978 PY2022
Prin U.S. Property Sep Acct Sched. D P $1.2M PY2022
Prin Diversified Intl Sep Acct Sched. D P $1.2M PY2022
Prin Lgcap S&p 500 Index Sep Acct Sched. D P $860,028 PY2022
Prin Midcap Value I Sep Acct Sched. D P $284,337 PY2022
Prin Midcap Growth III Sep Acct Sched. D P $287,478 PY2022
Prin Smallcap Growth I Sep Acct Sched. D P $141,129 PY2022
Prin Largecap Growth I Sep Acct Sched. D P $1.9M PY2022
Prin Smallcap Value II Sep Acct Sched. D P $140,519 PY2022
Prin High Income Sep Acct Sched. D P $492,786 PY2022
Principal Overseas Sep Acct Sched. D P $530,826 PY2022
Prin Core Fix Inc Sep Acct Sched. D P $4.1M PY2022
Prin Equity Income Sep Acct Sched. D P $2.0M PY2022
Prin Bond Market Index Sep Acct Sched. D P $1.1M PY2022
Prin Org Emg Mkts Sep Acct Sched. D P $372,574 PY2022
Prin Intl Smallcap Sep Acct Sched. D P $242,052 PY2022
Principal Financial Group codes 11 PY2022

What changed

12 events

Dec 31, 2024Holding started
Betz Industries Pension Plan first reports an interest in Prin Midcap Sep Acct-Z (Principal): $575,467 at 2024-12-31
with Principalaskebsa.dol.gov
Dec 31, 2024Holding endedinference
Betz Industries Pension Plan no longer reports Prin Org Emg Mkts Sep Acct-Z (Principal) (last held $415,709 at 2023-12-31; absent from the 2024-12-31 filing)
with Principalaskebsa.dol.gov
Dec 31, 2024Holding endedinference
Betz Industries Pension Plan no longer reports Prin Midcap Growth III Sa-Z (Principal) (last held $297,349 at 2023-12-31; absent from the 2024-12-31 filing)
with Principalaskebsa.dol.gov
Dec 31, 2023Holding endedinference
Betz Industries Pension Plan no longer reports Prin Bond Market Index Sa-Z (Principal) (last held $1M at 2022-12-31; absent from the 2023-12-31 filing)
with Principalaskebsa.dol.gov
Dec 31, 2023Holding endedinference
Betz Industries Pension Plan no longer reports Prin High Income Sep Acct-Z (Principal) (last held $492,786 at 2022-12-31; absent from the 2023-12-31 filing)
with Principalaskebsa.dol.gov
Dec 31, 2023Holding started
Betz Industries Pension Plan first reports an interest in Prin Ldi Ext Dur Sep Acct-Z (Principal): $2M at 2023-12-31
with Principalaskebsa.dol.gov
Dec 31, 2023Holding endedinference
Betz Industries Pension Plan no longer reports Prin Intl Smallcap Sep Acct-Z (Principal) (last held $242,052 at 2022-12-31; absent from the 2023-12-31 filing)
with Principalaskebsa.dol.gov
Dec 31, 2023Holding started
Betz Industries Pension Plan first reports an interest in Prin Ldi Long Duration Sa-Z (Principal): $4M at 2023-12-31
with Principalaskebsa.dol.gov
Dec 31, 2023Holding endedinference
Betz Industries Pension Plan no longer reports Prin Core Fix Inc Sep Acct-Z (Principal) (last held $4M at 2022-12-31; absent from the 2023-12-31 filing)
with Principalaskebsa.dol.gov
Dec 31, 2023Holding started
Betz Industries Pension Plan first reports an interest in Prin Ldi Intrm Dur Sep Acct-Z (Principal): $703,297 at 2023-12-31
with Principalaskebsa.dol.gov
Jan 1, 2023Funded status changed
Betz Industries Pension Plan funded ratio 126.7% -> 115.6% (2022-01-01 to 2023-01-01)
askebsa.dol.gov
Jan 1, 2023Assets changed
Betz Industries Pension Plan plan assets $18M -> $15M (-18.8%, 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 381243090-001

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.