Liberty Mutual Retirement Benefit Plan

Corporate pension· Boston, Massachusetts

Corporate pension, based in Boston, Massachusetts, reporting $6.3B in assets, for 81,337 participants.

Composed from this allocator's classification, location and filed figures.

Assets
$6.3B
Funded ratio
100.1%
Fund commitments
5
Managers
1
As of · the latest dated event for this allocator; each figure carries its own filing or report date

Nothing material in the last 90 days. Last change: 31 Dec 2024, Grant Thornton no longer appears on Liberty Mutual Retirement Benefit Plan's Schedule C as pension consultant (plan year 2024 vs 2023).

3 more advisers, 12 more commitments and 2 more dated events

Every figure, date and source on this page is shown. The names behind them, and every related record, open with the complete profile.

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Capital path

who backs this record, through what, into what; each name opens its own path
Liberty Mutual Retirement Benefit Plan

Relationship network

26 connected entities15 observed commitments6 repeat counterpartiescommitments 2022 to 2024

From board minutes, annual reports, Form 5500 filings and public records of commitments, consultants and staff in the allocator graph. Commitment amounts are those the allocator disclosed; many are not printed, and none is estimated.

Some relationships on this record are counted rather than named here. They open with the full profile.

Click any name or line for the commitments and sources behind it. Line weight is commitments together; dashed lines are inferred.

What stands out
Reading the network
  • Sponsor
  • Fund or vehicle
  • Service provider
  • Organization
›How strength and recency are read

Managers, funds and consultants are read from the commitments: three or more is a strong observed relationship, two a repeat counterparty. No consultant link is marked current on the source, so none is labelled current or former here. Related plans, people and plan service providers are ordered by what the filing shows.

Darker lines were active in the last 24 months or are current; lighter lines are older or undated.

Size, funding, policy and commitments, with their basesCorporate pensionShow
Corporate pension
Assets
$6.3B
Total assets, Dec 31, 2024 reported
Funded
100.1%
Jan 1, 2024
Private markets target
no policy read
policy Dec 31, 2024
Commitments
5
2 managers on Schedule C
Plan sponsor: Liberty Mutual Group Inc.

Allocation policy

Form 5500, as of Dec 31, 2024
Actual allocation lines without a target (as filed)
  • Interest-bearing cash 0.0%
  • Corporate debt instruments (other) 23.6%
  • Corporate debt instruments (preferred) 13.9%
  • U.S. Government securities 1.3%
  • Other investments 3.2%
  • Partnership/joint venture interests 26.1%
  • Common/collective trusts 18.6%
  • Pooled separate accounts 0.1%
  • Registered investment companies 10.2%
  • Common stock 0.0%

Consultants and advisers

6 firms

+3 more consultants and advisers advise this allocator

Every name, record and relationship behind this count, with the source on each.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

People

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

Manager roster

1 manager on the commitment tape
From the plan’s own commitment disclosures
From Schedule C (investment management, code 28)

+2 more Schedule C managers

Every name, record and relationship behind this count, with the source on each.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

What changed

7 events
  • Dec 31, 2024Consultant changedinference
    Grant Thornton no longer appears on Liberty Mutual Retirement Benefit Plan's Schedule C as pension consultant (plan year 2024 vs 2023)
    with Grant Thornton, LLPaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    Cardinal Investment Advisors, LLC no longer appears on Liberty Mutual Retirement Benefit Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Cardinal Investment Advisorsaskebsa.dol.gov
  • Jan 1, 2024Funded status changed
    Liberty Mutual Retirement Benefit Plan funded ratio 97.6% -> 100.1% (2023-01-01 to 2024-01-01)
  • Dec 31, 2023Manager relationship started
    Cardinal Investment Advisors, LLC appears on Liberty Mutual Retirement Benefit Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Cardinal Investment Advisorsaskebsa.dol.gov
  • Dec 31, 2023Consultant changedinference
    Pricewaterhousecoopers LLP no longer appears on Liberty Mutual Retirement Benefit Plan's Schedule C as general consultant (plan year 2023 vs 2022)
    with Pricewaterhousecoopers LLPaskebsa.dol.gov

+2 more dated events

Every name, record and relationship behind this count, with the source on each.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.

Commitments

15 rows, 0 dated closings
DateFundManagerBucketAmountVintageStatusSource
as of Dec 31, 2024Msci Acwi Ex-Us Imi Russia Index Fdcollective trustBlackrock Institutional Trust Company, N.A.Pooled vehicles$949 heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Short-Term Investment Fundcollective trustBlackrock Institutional Trust Company, N.A.Cash$5,050 heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Msci World Ex-Us Index Fund acollective trustBlackrock Institutional Trust Company, N.A.Pooled vehicles$272M heldDisclosed holdingaskebsa.dol.gov

+12 more commitments

Every fund and manager this allocator committed to, with the amount, date and source on each.

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Size and funding

33 readings
Total assets
$6.3B Dec 31, 2024 reported Form 5500
$6.9B (2023-12) · $6.8B (2022-12)
Plan assets
$6.8B Jan 1, 2024 reported Form 5500
$6.9B (2023-01) · $9.1B (2022-01)
Net assets
$6.2B Dec 31, 2024 reported Form 5500
$6.8B (2023-12) · $6.8B (2022-12)
Funded ratio
100.1% Jan 1, 2024 reported Form 5500
97.6% (2023-01) · 107.5% (2022-01)
Funding target
$6.7B Jan 1, 2024 reported Form 5500
$6.8B (2023-01) · $6.3B (2022-01)
Discount rate
5.14% Jan 1, 2024 reported Form 5500
5.28% (2023-01) · 5.44% (2022-01)
Participants
81,337 Jan 1, 2024 reported Form 5500
85,750 (2023-01) · 79,024 (2022-01)
Contributions
$0 Dec 31, 2024 reported Form 5500
$136M (2023-12) · $0 (2022-12)
Benefits paid
$583M Dec 31, 2024 reported Form 5500
$643M (2023-12) · $613M (2022-12)
Net investment income
-$563M Dec 31, 2024 reported Form 5500
$55.9M (2023-12) · -$2.7B (2022-12)
Investment management fees
$6.8M Dec 31, 2024 reported Form 5500
$4.7M (2023-12) · $8.6M (2022-12)

Form 5500 filings

3 plan years
Plan yearParticipantsAssets (SB market)Funding targetFTAPTotal assets (H)Partnerships / JVMaster trustReal estate
2024 to Dec 31, 202481,337$6.8B$6.7B100.1%$6.3B$1.6BNot disclosedNot disclosed
2023 to Dec 31, 202385,750$6.9B$6.8B97.6%$6.9B$1.6BNot disclosedNot disclosed
2022 to Dec 31, 202279,024$9.1B$6.3B107.5%$6.8B$1.6BNot disclosedNot disclosed
Service providers and investment entities as filed (Schedule C and D, latest year first)

+42 more service providers

Every name, record and relationship behind this count, with the source on each.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Provenance

Identifiers: EIN-PN 043583679-001
Cross-graph: no entry on another DFX graph
First observed Sep 15, 2026, last observed Sep 29, 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.
Capital chain

Liberty Mutual Retirement Benefit Plan sits on 3 traced paths of capital across the graphs.

Consultant to allocator to manager

DFX traced 3 paths of capital through this record

Every record on each path, what it committed or lent, and as of when.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.

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Record history

7 dated events on the change ledger, latest event first
  • Manager relationship ended
    2024-12-31source on record
  • Consultant changed
    2024-12-31source on record
  • Funded status changed
    2024-01-01source on record

+4 more changes on this record's ledger

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The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.

›Connections

every published relationship on the graph

+13 connections on the graph

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