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

Bass Retirement Plan

Corporate pensionFort Worth, TX
Assets
$269M
Total assets, Dec 31, 2025 reported
Funded
93.9%
Jan 1, 2025
Private markets target
n/a
policy Dec 31, 2025
Commitments
44
3 managers on Schedule C
Plan sponsor: Bepco, L.P.
Allocation policy
Form 5500, as of Dec 31, 2025
Actual allocation lines without a target (as filed)
  • U.S. Government securities 8.2%
  • Other investments 0.0%
  • Common/collective trusts 75.9%
  • Registered investment companies 3.0%
  • Common stock 9.0%
Consultants and advisers
2 firms
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
From Schedule C (investment management, code 28)
Commitments
44 rows, 0 dated closings
Disclosed holdings (from the plan’s performance or holdings report, as of the report date)
DateFundManagerBucketAmountVintageStatusSource
as of Dec 31, 2025Ntcc Emerging Markets Fundcollective trustNorthern Trust Investments, Inc.Public equity$4.8M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2025Ntcc Intl Equity Fund Febtcollective trustNorthern Trust Investments, Inc.Public equity$14.6M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2025Long Duration Corporate Credit Screcollective trustBlackrock Long Duration CorporatePrivate credit$57.9M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2025NT Collective Short Term Investmentcollective trustNorthern Trust Collective Eafe IndeCash$3.5M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2025NT Collective Long-Term Govt Bondcollective trustNorthern Trust Collective Eafe IndeFixed income$25.7M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2025NT Collective High Yield Bond Fundcollective trustNorthern Trust Investments, Inc.Fixed income$8.4M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2025Ntcc Long Corporate Fd Febtcollective trustNorthern Trust Investments, Inc.Pooled vehicles$58.0M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2025Ntcc Collective Small Cap Fund Febtcollective trustNorthern Trust Investments, Inc.Public equity$1.7M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2025NT Cllctv Qlty Low Volatility Ex-Uscollective trustNorthern Trust Collective Eafe IndePooled vehicles$13.5M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2025Ntgi Russell 1000 Index Fundcollective trustNorthern Trust Collective Eafe IndePooled vehicles$8.6M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2025Metlife Long Credit Collective Trcollective trustSEI Trust CompanyPrivate credit$7.2M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024NT Cllctv Qlty Low Volatility Ex-Uscollective trustNorthern Trust Collective Eafe IndePooled vehicles$17.7M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Ntgi Russell 1000 Index Fundcollective trustNorthern Trust Collective Eafe IndePooled vehicles$9.9M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Metlife Long Credit Collective Trcollective trustSEI Trust CompanyPrivate credit$6.8M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Ntcc Emerging Markets Fundcollective trustNorthern Trust Investments, Inc.Public equity$5.8M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Ntcc Intl Equity Fund Febtcollective trustNorthern Trust Investments, Inc.Public equity$17.5M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Long Duration Corporate Credit Screcollective trustBlackrock Long Duration CorporatePrivate credit$48.1M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024NT Collective Short Term Investmentcollective trustNorthern Trust Collective Eafe IndeCash$4.4M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024NT Collective Long-Term Govt Bondcollective trustNorthern Trust Collective Eafe IndeFixed income$25.0M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024NT Collective High Yield Bond Fundcollective trustNorthern Trust Investments, Inc.Fixed income$11.3M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Ntcc Long Corporate Fd Febtcollective trustNorthern Trust Investments, Inc.Pooled vehicles$48.0M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Ntcc Collective Small Cap Fund Febtcollective trustNorthern Trust Investments, Inc.Public equity$2.8M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Ntcc Emerging Markets Fundcollective trustNorthern Trust Investments, Inc.Public equity$5.9M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Ntcc Intl Equity Fund Febtcollective trustNorthern Trust Investments, Inc.Public equity$19.0M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Long Duration Corporate Credit Screcollective trustBlackrock Long Duration CorporatePrivate credit$57.7M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023NT Collective Short Term Investmentcollective trustNorthern Trust Collective Eafe IndeCash$10.5M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023NT Collective Long-Term Govt Bondcollective trustNorthern Trust Collective Eafe IndeFixed income$30.4M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023NT Collective High Yield Bond Fundcollective trustNorthern Trust Investments, Inc.Fixed income$12.1M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Ntcc Long Corporate Fd Febtcollective trustNorthern Trust Investments, Inc.Pooled vehicles$57.8M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Ntcc Collective Aristotle Lc Valuecollective trustNorthern Trust Investments, Inc.Pooled vehicles$7.0M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Ntcc Polen Large Cap Growthcollective trustNorthern Trust Investments, Inc.Public equity$6.8M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Ntcc Collective Small Cap Fund Febtcollective trustNorthern Trust Investments, Inc.Public equity$2.6M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023NT Cllctv Qlty Low Volatility Ex-Uscollective trustNorthern Trust Collective Eafe IndePooled vehicles$18.5M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Ntcc Emerging Markets Fundcollective trustNorthern Trust Investments, Inc.Public equity$5.6M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Ntcc Intl Equity Fund Febtcollective trustNorthern Trust Investments, Inc.Public equity$21.3M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Long Duration Corporate Credit Screcollective trustBlackrock Long Duration CorporatePrivate credit$55.0M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022NT Collective Short Term Investmentcollective trustNorthern Trust Collective Eafe IndeCash$7.7M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022NT Collective Long-Term Govt Bondcollective trustNorthern Trust Collective Eafe IndeFixed income$30.3M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022NT Collective High Yield Bond Fundcollective trustNorthern Trust Investments, Inc.Fixed income$13.7M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Ntcc Long Corporate Fd Febtcollective trustNorthern Trust Investments, Inc.Pooled vehicles$55.1M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Ntcc Collective Aristotle Lc Valuecollective trustNorthern Trust Investments, Inc.Pooled vehicles$8.7M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Ntcc Polen Large Cap Growthcollective trustNorthern Trust Investments, Inc.Public equity$7.7M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Ntcc Collective Small Cap Fund Febtcollective trustNorthern Trust Investments, Inc.Public equity$5.2M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022NT Cllctv Qlty Low Volatility Ex-Uscollective trustNorthern Trust Collective Eafe IndePooled vehicles$22.6M heldDisclosed holdingaskebsa.dol.gov
Size and funding
44 readings
Total assets
$269M Dec 31, 2025 reported Form 5500
$303M (2024-12) · $331M (2023-12) · $323M (2022-12)
Plan assets
$303M Jan 1, 2025 reported Form 5500
$330M (2024-01) · $323M (2023-01) · $467M (2022-01)
Net assets
$269M Dec 31, 2025 reported Form 5500
$303M (2024-12) · $331M (2023-12) · $323M (2022-12)
Funded ratio
93.9% Jan 1, 2025 reported Form 5500
105.2% (2024-01) · 103.4% (2023-01) · 134.4% (2022-01)
Funding target
$288M Jan 1, 2025 reported Form 5500
$338M (2024-01) · $337M (2023-01) · $327M (2022-01)
Discount rate
5.37% Jan 1, 2025 reported Form 5500
5.17% (2024-01) · 5.29% (2023-01) · 5.46% (2022-01)
Participants
1,768 Jan 1, 2025 reported Form 5500
2,394 (2024-01) · 2,391 (2023-01) · 2,401 (2022-01)
Contributions
$10.0M Dec 31, 2025 reported Form 5500
$30.0M (2024-12) · $0 (2023-12) · $0 (2022-12)
Benefits paid
$72.6M Dec 31, 2025 reported Form 5500
$57.8M (2024-12) · $19.4M (2023-12) · $17.5M (2022-12)
Net investment income
$-34.4M Dec 31, 2025 reported Form 5500
$-28.0M (2024-12) · $8.1M (2023-12) · $-145M (2022-12)
Investment management fees
$220,736 Dec 31, 2025 reported Form 5500
$262,105 (2024-12) · $454,154 (2023-12) · $430,925 (2022-12)
Form 5500 filings
4 plan years
Plan yearParticipantsAssets (SB market)Funding targetFTAPTotal assets (H)Partnerships / JVMaster trustReal estate
2025 to Dec 31, 20251,768$303M$288M93.9%$269Mn/an/an/a
2024 to Dec 31, 20242,394$330M$338M105.2%$303Mn/an/an/a
2023 to Dec 31, 20232,391$323M$337M103.4%$331Mn/an/an/a
2022 to Dec 31, 20222,401$467M$327M134.4%$323Mn/an/an/a
Service providers and investment entities as filed (Schedule C and D, latest year first)
  • Northern Trust Company codes 21 50 $864,730 PY2025
  • Willis Towers Watson US LLC codes 11 50 $589,673 PY2025
  • Luther King Capital Mgmt. Corp. codes 28 51 $146,269 PY2025
  • Whitley Penn codes 10 50 $39,000 PY2025
  • Blackrock codes 28 51 $36,352 PY2025
  • Nisa Investment Advisors LLC codes 28 51 $36,043 PY2025
  • Troutman Sanders LLP codes 29 50 $26,717 PY2025
  • Ntcc Emerging Markets Fund Febt Sched. D C $4.8M PY2025
  • Ntcc Intl Equity Fund Febt Sched. D C $14.6M PY2025
  • Blackrock Long Duration Corporate Sched. D C $57.9M PY2025
  • NT Collective Short Term Investment Sched. D C $3.5M PY2025
  • NT Collective Long-Term Govt Bond Sched. D C $25.7M PY2025
  • Ntcc Long Corporate Nl Fund Febt Sched. D C $58.0M PY2025
  • Ntcc Collective Small Cap Fund Febt Sched. D C $1.7M PY2025
  • NT Cllctv Qlty Low Volatility Ex-Us Sched. D C $13.5M PY2025
  • NTC Russell 1000 Index Fund Lending Sched. D C $8.6M PY2025
  • Metlife Inv Mgmt Mstr Coll Inv Trst Sched. D C $7.2M PY2025
  • NT Collective High Yield Bond Fund Sched. D C $8.4M PY2025
  • Willis Towers Watson US LLC codes 11 PY2025
  • Northern Trust Company codes 21 50 $566,053 PY2024
  • Willis Towers Watson US LLC codes 11 50 $397,069 PY2024
  • Luther King Capital Mgmt. Corp. codes 28 51 $201,082 PY2024
  • Marketing Communications Res., Inc. codes 49 50 $78,570 PY2024
  • Whitley Penn codes 10 50 $36,565 PY2024
  • Nisa Investment Advisors LLC codes 28 51 $31,085 PY2024
  • Blackrock codes 28 51 $29,939 PY2024
  • Locke Lord Bissel & Liddell LLP codes 29 50 $10,273 PY2024
  • NT Cllctv Qlty Low Volatility Ex-Us Sched. D C $17.7M PY2024
  • NTC Russell 1000 Index Fund Lending Sched. D C $9.9M PY2024
  • Metlife Inv Mgmt Mstr Coll Inv Trst Sched. D C $6.8M PY2024
  • Ntcc Emerging Markets Fund Febt Sched. D C $5.8M PY2024
  • Ntcc Intl Equity Fund Febt Sched. D C $17.5M PY2024
  • Blackrock Long Duration Corporate Sched. D C $48.1M PY2024
  • NT Collective Short Term Investment Sched. D C $4.4M PY2024
  • NT Collective Long-Term Govt Bond Sched. D C $25.0M PY2024
  • NT Collective High Yield Bond Fund Sched. D C $11.3M PY2024
  • Ntcc Long Corporate Nl Fund Febt Sched. D C $48.0M PY2024
  • Ntcc Collective Small Cap Fund Febt Sched. D C $2.8M PY2024
  • Willis Towers Watson US LLC codes 11 PY2024
  • Northern Trust Company codes 21 50 $1.1M PY2023
  • Luther King Capital Mgmt. Corp. codes 28 51 $254,084 PY2023
  • Willis Towers Watson US LLC codes 11 50 $187,830 PY2023
  • Nisa Investment Advisors LLC codes 28 51 $111,461 PY2023
  • Blackrock codes 28 51 $88,609 PY2023
  • Whitley Penn codes 10 50 $33,475 PY2023
  • Locke Lord Bissel & Liddell LLP codes 29 50 $11,066 PY2023
  • Marketing Communications Res., Inc. codes 49 50 $5,200 PY2023
  • Ntcc Collective Aristotle Lc Value Sched. D C $7.0M PY2023
  • Ntcc Collective Polen Lc Growth Nl Sched. D C $6.8M PY2023
  • Ntcc Collective Small Cap Fund Febt Sched. D C $2.6M PY2023
  • NT Cllctv Qlty Low Volatility Ex-Us Sched. D C $18.5M PY2023
  • Ntcc Emerging Markets Fund Febt Sched. D C $5.9M PY2023
  • Ntcc Intl Equity Fund Febt Sched. D C $19.0M PY2023
  • Blackrock Long Duration Corporate Sched. D C $57.7M PY2023
  • NT Collective Short Term Investment Sched. D C $10.5M PY2023
  • NT Collective Long-Term Govt Bond Sched. D C $30.4M PY2023
  • NT Collective High Yield Bond Fund Sched. D C $12.1M PY2023
  • Ntcc Long Corporate Nl Fund Febt Sched. D C $57.8M PY2023
  • Willis Towers Watson US LLC codes 11 PY2023
  • Northern Trust Company codes 21 50 $867,720 PY2022
  • Luther King Capital Mgmt. Corp. codes 28 51 $248,174 PY2022
  • Willis Towers Watson US LLC codes 11 50 $202,392 PY2022
  • Nisa Investment Advisors LLC codes 28 51 $113,423 PY2022
  • Blackrock codes 28 51 $69,328 PY2022
  • Locke Lord Bissel & Liddell LLP codes 29 50 $52,435 PY2022
  • Kpmg codes 10 50 $44,100 PY2022
  • Ntcc Emerging Markets Fund Febt Sched. D C $5.6M PY2022
  • Ntcc Intl Equity Fund Febt Sched. D C $21.3M PY2022
  • Blackrock Long Duration Corporate Sched. D C $55.0M PY2022
  • NT Collective Short Term Investment Sched. D C $7.7M PY2022
  • NT Collective Long-Term Govt Bond Sched. D C $30.3M PY2022
  • Ntcc Long Corporate Nl Fund Febt Sched. D C $55.1M PY2022
  • Ntcc Collective Aristotle Lc Value Sched. D C $8.7M PY2022
  • Ntcc Collective Polen Lc Growth Nl Sched. D C $7.7M PY2022
  • Ntcc Collective Small Cap Fund Febt Sched. D C $5.2M PY2022
  • NT Cllctv Qlty Low Volatility Ex-Us Sched. D C $22.6M PY2022
  • NT Collective High Yield Bond Fund Sched. D C $13.7M PY2022
  • Willis Towers Watson US LLC codes 11 PY2022
What changed
8 events
  • Dec 31, 2025Assets changed
    Bass Retirement Plan total assets $303M -> $269M (-11.4%, 2024-12-31 to 2025-12-31)
    askebsa.dol.gov
  • Jan 1, 2025Funded status changed
    Bass Retirement Plan funded ratio 105.2% -> 93.9% (2024-01-01 to 2025-01-01)
    askebsa.dol.gov
  • Dec 31, 2024Holding endedinference
    Bass Retirement Plan no longer reports Ntcc Collective Aristotle Lc Value (last held $7M at 2023-12-31; absent from the 2024-12-31 filing)
    with Ntcc Collective Aristotle Lc Valueaskebsa.dol.gov
  • Dec 31, 2024Holding started
    Bass Retirement Plan first reports an interest in Metlife Long Credit Collective Tr: $7M at 2024-12-31
    with Metlife Long Credit Collective Traskebsa.dol.gov
  • Dec 31, 2024Holding endedinference
    Bass Retirement Plan no longer reports Ntcc Polen Large Cap Growth (last held $7M at 2023-12-31; absent from the 2024-12-31 filing)
    with Ntcc Polen Large Cap Growthaskebsa.dol.gov
  • Dec 31, 2024Holding started
    Bass Retirement Plan first reports an interest in Ntgi Russell 1000 Index Fund (Northern Trust Collective Eafe Inde): $10M at 2024-12-31
    with Northern Trust Collective Eafe Indeaskebsa.dol.gov
  • Jan 1, 2023Funded status changed
    Bass Retirement Plan funded ratio 134.4% -> 103.4% (2022-01-01 to 2023-01-01)
    askebsa.dol.gov
  • Jan 1, 2023Assets changed
    Bass Retirement Plan plan assets $467M -> $323M (-31.0%, 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 751076930-002
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.