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

Ionics, Incorporated Retirement Plan

Corporate pensionTrevose, PA

Assets

$32.9M

Total assets, Dec 31, 2024 reported

Funded

88.8%

Jan 1, 2024

Private markets target

n/a

policy Dec 31, 2024

Commitments

1 managers on Schedule C

Plan sponsor: Veolia Water Technologies & Solutions

Allocation policy

Form 5500, as of Dec 31, 2024

Actual allocation lines without a target (as filed)

Interest-bearing cash 4.0%
Common/collective trusts 77.3%
Registered investment companies 18.7%

Consultants and advisers

3 firms

AON Consulting, Inc. Actuarythrough Dec 31, 2024 Form 5500
Bank of New York Mellon Custodianthrough Dec 31, 2022 Form 5500
Deloitte Consulting LLP Actuarythrough Dec 31, 2022 Form 5500

People

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

Manager roster

2 managers on the commitment tape

From the plan’s own commitment disclosures

AON Trust Company LLC17 rows, latest Dec 31, 2024
AON Hewitt Investment Consulting, I8 rows, latest Dec 31, 2022

From Schedule C (investment management, code 28)

State Street Bank & Trust Companyplan years 2024
Aonplan years 2022

Commitments

25 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	AON High Yield Plus Fundcollective trust	AON Trust Company LLC	Fixed income	$473,878 held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2024	AON Global Real Estate Fundcollective trust	AON Trust Company LLC	Real estate	$218,853 held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2024	AON Small Cap Equity Index Fundcollective trust	AON Trust Company LLC	Public equity	$266,023 held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2024	AON Non-Us Equity Index Fundcollective trust	AON Trust Company LLC	Public equity	$935,625 held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2024	AON Large Cap Equity Index Fundcollective trust	AON Trust Company LLC	Public equity	$661,960 held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2024	AON Long Credit Bond Fundcollective trust	AON Trust Company LLC	Private credit	$7.8M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2024	AON Intermediate Credit Bond Fundcollective trust	AON Trust Company LLC	Private credit	$12.7M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2024	AON Enhanced Liability Driven Invescollective trust	AON Trust Company LLC	Pooled vehicles	$2.4M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	AON High Yield Plus Fundcollective trust	AON Trust Company LLC	Fixed income	$526,615 held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	AON Global Real Estate Fundcollective trust	AON Trust Company LLC	Real estate	$253,507 held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	AON Small Cap Equity Index Fundcollective trust	AON Trust Company LLC	Public equity	$227,122 held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	AON Non-Us Equity Index Fundcollective trust	AON Trust Company LLC	Public equity	$985,334 held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	AON Large Cap Equity Index Fundcollective trust	AON Trust Company LLC	Public equity	$772,562 held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	AON Long Credit Bond Fundcollective trust	AON Trust Company LLC	Private credit	$16.4M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	AON Intermediate Credit Bond Fundcollective trust	AON Trust Company LLC	Private credit	$4.8M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	AON Enhanced Liability Driven Invescollective trust	AON Trust Company LLC	Pooled vehicles	$2.2M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	Inter US Gov Bond Fdcollective trust	AON Hewitt Investment Consulting, I	Fixed income	$3.7M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	US Intermediate Gov Bond Index Fundcollective trust	AON Hewitt Investment Consulting, I	Fixed income	$976,241 held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	Small Cap Equity Index Fundcollective trust	AON Hewitt Investment Consulting, I	Public equity	$226,461 held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	Intermediate Credit Bond Fundcollective trust	AON Hewitt Investment Consulting, I	Private credit	$356,576 held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	Long Credit Bond Fundcollective trust	AON Hewitt Investment Consulting, I	Private credit	$20.2M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	Large Cap Equity Index Fundcollective trust	AON Hewitt Investment Consulting, I	Public equity	$766,529 held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	Temporary Investment Fundcollective trust	AON Hewitt Investment Consulting, I	Pooled vehicles	$544,096 held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	Global Real Estate Fundcollective trust	AON Hewitt Investment Consulting, I	Real estate	$227,246 held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	AON Non-U.s. Equity Fundcollective trust	AON Trust Company LLC	Public equity	$1.0M held	Disclosed holding	askebsa.dol.gov

Size and funding

30 readings

Total assets

$32.9M Dec 31, 2024 reported Form 5500

$34.7M (2023-12) · $33.7M (2022-12)

Plan assets

$28.8M Jan 1, 2024 reported Form 5500

$28.4M (2023-01) · $40.5M (2022-01)

Net assets

$32.8M Dec 31, 2024 reported Form 5500

$34.6M (2023-12) · $33.5M (2022-12)

Funded ratio

88.8% Jan 1, 2024 reported Form 5500

88.6% (2023-01) · 105.0% (2022-01)

Funding target

$27.7M Jan 1, 2024 reported Form 5500

$27.6M (2023-01) · $29.2M (2022-01)

Discount rate

5.08% Jan 1, 2024 reported Form 5500

5.21% (2023-01) · 5.38% (2022-01)

Participants

545 Jan 1, 2024 reported Form 5500

555 (2023-01) · 587 (2022-01)

Contributions

$0 Dec 31, 2024 reported Form 5500

Benefits paid

$2.4M Dec 31, 2024 reported Form 5500

$1.9M (2023-12) · $4.1M (2022-12)

Net investment income

$-1.8M Dec 31, 2024 reported Form 5500

$1.1M (2023-12) · $-13.5M (2022-12)

Investment management fees

$5,143 Dec 31, 2024 reported Form 5500

$3,866 (2023-12)

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	545	$28.8M	$27.7M	88.8%	$32.9M	n/a	n/a	n/a
2023 to Dec 31, 2023	555	$28.4M	$27.6M	88.6%	$34.7M	n/a	n/a	n/a
2022 to Dec 31, 2022	587	$40.5M	$29.2M	105.0%	$33.7M	n/a	n/a	n/a

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

AON Consulting Inc. codes 28 50 65 $146,370 PY2024
AON Hewitt Investment codes 50 99 $95,949 PY2024
Ivins Phillips & Barker codes 29 50 $50,991 PY2024
The Bank of New York Mellon codes 18 50 $23,860 PY2024
State Street Bank and Trust codes 28 50 $5,143 PY2024
NON US Equity Index Sched. D C $935,625 PY2024
High Yield Plus Cl I Fund Sched. D C $473,878 PY2024
Global Real Estate Fund Sched. D C $218,853 PY2024
US Small Cap Equity Index Sched. D C $266,023 PY2024
US Large Cap Equity Index Sched. D C $661,960 PY2024
Long Credit Bond Sched. D C $7.8M PY2024
Intermediate Credit Bond Sched. D C $12.7M PY2024
Enhanced Liability Drivern Inv Fund Sched. D C $2.4M PY2024
AON Consulting, Inc codes 11 PY2024
AON Hewitt Investment codes 50 99 $146,600 PY2023
AON Consulting Inc. codes 28 50 65 $130,876 PY2023
Deloitte Consulting LLP codes 11 50 $77,100 PY2023
Ivins Phillips & Barker codes 29 50 $62,342 PY2023
The Bank of New York Mellon codes 18 50 $18,280 PY2023
Intermediate Credit Bond Sched. D C $4.8M PY2023
US Long Government Bond Index Fund Sched. D C PY2023
US Intermediate Government Bond Sched. D C PY2023
High Yield Plus Cl I Fund Sched. D C $526,615 PY2023
Global Real Estate Fund Sched. D C $253,507 PY2023
US Small Cap Equity Index Sched. D C $227,122 PY2023
NON US Equity Index Sched. D C $985,334 PY2023
US Large Cap Equity Index Sched. D C $772,562 PY2023
Long Credit Bond Sched. D C $16.4M PY2023
Enhanced Liability Drivern Inv Fund Sched. D C $2.2M PY2023
Deloitte Consulting LLP codes 11 PY2023
AON Consulting, Inc. codes 28 65 $103,225 PY2022
AON Hewitt Investment codes 99 $68,821 PY2022
Ivins, Phillips, and Barker Chtd codes 29 $47,056 PY2022
Deloitte Consulting LLP codes 11 $21,000 PY2022
The Bank of New York Mellon codes 18 PY2022
US Large Cap Passive Equity Fund Sched. D C $766,529 PY2022
High Yield Bond Fund Plus Sched. D C $544,096 PY2022
Global Real Estate Fund Sched. D C $227,246 PY2022
Multi Asset Credit Fund Sched. D C PY2022
Core Real Estate Fund Sched. D C PY2022
US Small Cap Passive Equity Fund Sched. D C $226,461 PY2022
U.S. Long Government Bond Index Fun Sched. D C $3.7M PY2022
U.S. Intermediate Government Bond Sched. D C $976,241 PY2022
NON US Equity Fund Sched. D C $1.0M PY2022
Intermediate Credit Bond Fund Sched. D C $356,576 PY2022
Long Credit Bond Fund Sched. D C $20.2M PY2022
Deloitte Consulting LLP codes 11 PY2022

What changed

20 events

Dec 31, 2024Manager relationship started
State Street Bank and Trust appears on Ionics, Incorporated Retirement Plan's Schedule C as investment manager (plan year 2024 vs 2023)
with State Street Bank & Trust Companyaskebsa.dol.gov
Dec 31, 2023Holding endedinference
Ionics, Incorporated Retirement Plan no longer reports Global Real Estate Fund (AON Hewitt Investment Consulting, I) (last held $227,246 at 2022-12-31; absent from the 2023-12-31 filing)
with AON Hewitt Investment Consulting, Iaskebsa.dol.gov
Dec 31, 2023Holding endedinference
Ionics, Incorporated Retirement Plan no longer reports US Intermediate Gov Bond Index Fund (AON Hewitt Investment Consulting, I) (last held $976,241 at 2022-12-31; absent from the 2023-12-31 filing)
with AON Hewitt Investment Consulting, Iaskebsa.dol.gov
Dec 31, 2023Holding started
Ionics, Incorporated Retirement Plan first reports an interest in AON Non-Us Equity Index Fund (AON Trust Company LLC): $985,334 at 2023-12-31
with AON Trust Company LLCaskebsa.dol.gov
Dec 31, 2023Holding endedinference
Ionics, Incorporated Retirement Plan no longer reports Intermediate Credit Bond Fund (AON Hewitt Investment Consulting, I) (last held $356,576 at 2022-12-31; absent from the 2023-12-31 filing)
with AON Hewitt Investment Consulting, Iaskebsa.dol.gov
Dec 31, 2023Holding endedinference
Ionics, Incorporated Retirement Plan no longer reports Long Credit Bond Fund (AON Hewitt Investment Consulting, I) (last held $20M at 2022-12-31; absent from the 2023-12-31 filing)
with AON Hewitt Investment Consulting, Iaskebsa.dol.gov
Dec 31, 2023Holding started
Ionics, Incorporated Retirement Plan first reports an interest in AON Enhanced Liability Driven Inves (AON Trust Company LLC): $2M at 2023-12-31
with AON Trust Company LLCaskebsa.dol.gov
Dec 31, 2023Holding endedinference
Ionics, Incorporated Retirement Plan no longer reports Small Cap Equity Index Fund (AON Hewitt Investment Consulting, I) (last held $226,461 at 2022-12-31; absent from the 2023-12-31 filing)
with AON Hewitt Investment Consulting, Iaskebsa.dol.gov
Dec 31, 2023Holding started
Ionics, Incorporated Retirement Plan first reports an interest in AON Global Real Estate Fund (AON Trust Company LLC): $253,507 at 2023-12-31
with AON Trust Company LLCaskebsa.dol.gov
Dec 31, 2023Holding started
Ionics, Incorporated Retirement Plan first reports an interest in AON Large Cap Equity Index Fund (AON Trust Company LLC): $772,562 at 2023-12-31
with AON Trust Company LLCaskebsa.dol.gov
Dec 31, 2023Holding endedinference
Ionics, Incorporated Retirement Plan no longer reports Large Cap Equity Index Fund (AON Hewitt Investment Consulting, I) (last held $766,529 at 2022-12-31; absent from the 2023-12-31 filing)
with AON Hewitt Investment Consulting, Iaskebsa.dol.gov
Dec 31, 2023Holding endedinference
Ionics, Incorporated Retirement Plan no longer reports Inter US Gov Bond Fd (AON Hewitt Investment Consulting, I) (last held $4M at 2022-12-31; absent from the 2023-12-31 filing)
with AON Hewitt Investment Consulting, Iaskebsa.dol.gov
Dec 31, 2023Holding started
Ionics, Incorporated Retirement Plan first reports an interest in AON Long Credit Bond Fund (AON Trust Company LLC): $16M at 2023-12-31
with AON Trust Company LLCaskebsa.dol.gov
Dec 31, 2023Holding started
Ionics, Incorporated Retirement Plan first reports an interest in AON Intermediate Credit Bond Fund (AON Trust Company LLC): $5M at 2023-12-31
with AON Trust Company LLCaskebsa.dol.gov
Dec 31, 2023Holding started
Ionics, Incorporated Retirement Plan first reports an interest in AON High Yield Plus Fund (AON Trust Company LLC): $526,615 at 2023-12-31
with AON Trust Company LLCaskebsa.dol.gov
Dec 31, 2023Holding started
Ionics, Incorporated Retirement Plan first reports an interest in AON Small Cap Equity Index Fund (AON Trust Company LLC): $227,122 at 2023-12-31
with AON Trust Company LLCaskebsa.dol.gov
Dec 31, 2023Holding endedinference
Ionics, Incorporated Retirement Plan no longer reports Temporary Investment Fund (AON Hewitt Investment Consulting, I) (last held $544,096 at 2022-12-31; absent from the 2023-12-31 filing)
with AON Hewitt Investment Consulting, Iaskebsa.dol.gov
Dec 31, 2023Holding endedinference
Ionics, Incorporated Retirement Plan no longer reports AON Non-U.s. Equity Fund (AON Trust Company LLC) (last held $1M at 2022-12-31; absent from the 2023-12-31 filing)
with AON Trust Company LLCaskebsa.dol.gov
Jan 1, 2023Funded status changed
Ionics, Incorporated Retirement Plan funded ratio 105.0% -> 88.6% (2022-01-01 to 2023-01-01)
askebsa.dol.gov
Jan 1, 2023Assets changed
Ionics, Incorporated Retirement Plan plan assets $40M -> $28M (-29.9%, 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 042068530-001

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.