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

National Federation of Independent Business Retirement Plan

Corporate pensionNashville, TN
Assets
n/a
Total assets, Sep 30, 2024 reported
Funded
101.8%
Jan 1, 2023
Private markets target
n/a
policy Dec 31, 2023
Commitments
6
none on the tape
Plan sponsor: National Federation of Independent Business, Inc.
Allocation policy
Form 5500, as of Dec 31, 2023
Actual allocation lines without a target (as filed)
  • Other investments 3.3%
  • Partnership/joint venture interests 83.3%
  • Common/collective trusts 11.2%
  • Registered investment companies 1.9%
  • Common stock 0.1%
  • Preferred stock 0.0%
Consultants and advisers
4 firms
People
No investment staff or executives have been read for this allocator yet.
Manager roster
3 managers on the commitment tape
From the plan’s own commitment disclosures
From Schedule C (investment management, code 28)
Commitments
6 rows, 0 dated closings
Disclosed holdings (from the plan’s performance or holdings report, as of the report date)
DateFundManagerBucketAmountVintageStatusSource
as of Dec 31, 2023Coltv Short Term Invt Fundcollective trustNorthern TrustCash$3.8M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Acadian Global Managed Volatility E103 12 ieAcadian Asset ManagementPooled vehicles$3.8M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Invesco International Growth Trustcollective trustInvesco National Trust Co.Pooled vehicles$2.0M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022NT Collective S&p 500 Index Nlcollective trustNorthern Trust Collective Eafe IndePooled vehicles$4.4M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Parametric Defensive Equity Fund103 12 ieParametric Defensive Equity FundPublic equity$4.6M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Coltv Short Term Invt Fundcollective trustNorthern TrustCash$2.5M heldDisclosed holdingaskebsa.dol.gov
Size and funding
28 readings
Total assets
$0 Sep 30, 2024 reported Form 5500
$33.8M (2023-12) · $76.0M (2022-12)
Plan assets
$76.0M Jan 1, 2023 reported Form 5500
$94.2M (2022-01)
Net assets
$0 Sep 30, 2024 reported Form 5500
$33.8M (2023-12) · $76.0M (2022-12)
Funded ratio
101.8% Jan 1, 2023 reported Form 5500
108.6% (2022-01)
Funding target
$80.5M Jan 1, 2023 reported Form 5500
$80.0M (2022-01)
Discount rate
5.17% Jan 1, 2023 reported Form 5500
5.34% (2022-01)
Participants
638 Jan 1, 2024 reported Form 5500
1,281 (2023-01) · 1,305 (2022-01)
Contributions
$0 Sep 30, 2024 reported Form 5500
$0 (2023-12) · $3.1M (2022-12)
Benefits paid
$32.3M Sep 30, 2024 reported Form 5500
$45.4M (2023-12) · $5.6M (2022-12)
Net investment income
$-33.8M Sep 30, 2024 reported Form 5500
$-42.2M (2023-12) · $-18.2M (2022-12)
Investment management fees
$980,014 Dec 31, 2023 reported Form 5500
$53,699 (2022-12)
Form 5500 filings
3 plan years
Plan yearParticipantsAssets (SB market)Funding targetFTAPTotal assets (H)Partnerships / JVMaster trustReal estate
2024 to Sep 30, 2024638n/an/an/a$0$0n/an/a
2023 to Dec 31, 20231,281$76.0M$80.5M101.8%$33.8M$28.2Mn/an/a
2022 to Dec 31, 20221,305$94.2M$80.0M108.6%$76.0M$50.2Mn/an/a
Service providers and investment entities as filed (Schedule C and D, latest year first)
What changed
13 events
  • Dec 31, 2024Consultant changedinference
    USI Consulting Group Inc. appears on National Federation of Independent Business Retirement Plan's Schedule C as pension consultant (plan year 2024 vs 2023)
    with USI Consulting Groupaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    Acadian Asset Management Hq no longer appears on National Federation of Independent Business Retirement Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Acadian Asset Management Headquarteaskebsa.dol.gov
  • Dec 31, 2024Consultant changedinference
    Milliman USA appears on National Federation of Independent Business Retirement Plan's Schedule C as pension consultant (plan year 2024 vs 2023)
    with Milliman, Inc.askebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    Kayne Anderson Rudnick no longer appears on National Federation of Independent Business Retirement Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Kayne Anderson Rudnick Investmentaskebsa.dol.gov
  • Sep 30, 2024Assets changed
    National Federation of Independent Business Retirement Plan total assets $34M -> $0 (-100.0%, 2023-12-31 to 2024-09-30)
    askebsa.dol.gov
  • Dec 31, 2023Holding endedinference
    National Federation of Independent Business Retirement Plan no longer reports Parametric Defensive Equity Fund (Parametric Defensive Equity Fund) (last held $5M at 2022-12-31; absent from the 2023-12-31 filing)
    with Parametric Defensive Equity Fundaskebsa.dol.gov
  • Dec 31, 2023Holding endedinference
    National Federation of Independent Business Retirement Plan no longer reports Acadian Global Managed Volatility E (Acadian Asset Management) (last held $4M at 2022-12-31; absent from the 2023-12-31 filing)
    with Acadian Asset Managementaskebsa.dol.gov
  • Dec 31, 2023Holding endedinference
    National Federation of Independent Business Retirement Plan no longer reports Invesco International Growth Trust (last held $2M at 2022-12-31; absent from the 2023-12-31 filing)
    with Invesco International Growth Trustaskebsa.dol.gov
  • Dec 31, 2023Holding endedinference
    National Federation of Independent Business Retirement Plan no longer reports NT Collective S&p 500 Index Nl (Northern Trust Collective Eafe Inde) (last held $4M at 2022-12-31; absent from the 2023-12-31 filing)
    with Northern Trust Collective Eafe Indeaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    Acadian Global Managed Volatility no longer appears on National Federation of Independent Business Retirement Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Acadianaskebsa.dol.gov
  • Dec 31, 2023Assets changed
    National Federation of Independent Business Retirement Plan total assets $76M -> $34M (-55.5%, 2022-12-31 to 2023-12-31)
    askebsa.dol.gov
  • Jan 1, 2023Funded status changed
    National Federation of Independent Business Retirement Plan funded ratio 108.6% -> 101.8% (2022-01-01 to 2023-01-01)
    askebsa.dol.gov
  • Jan 1, 2023Assets changed
    National Federation of Independent Business Retirement Plan plan assets $94M -> $76M (-19.3%, 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 940707299-001
Cross-graph: no entry on another DFX graph
First observed Sep 15, 2026, last observed Sep 16, 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.