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

PBF Energy Pension Plan

Corporate pensionParsippany, NJ
Assets
$427M
Total assets, Dec 31, 2024 reported
Funded
110.6%
Jan 1, 2024
Private markets target
n/a
policy Dec 31, 2024
Commitments
32
1 managers on Schedule C
Plan sponsor: PBF Holding Company LLC
Allocation policy
Form 5500, as of Dec 31, 2024
Actual allocation lines without a target (as filed)
  • Interest-bearing cash 0.5%
  • Common/collective trusts 92.1%
Consultants and advisers
1 firms
  • Mercer 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
From Schedule C (investment management, code 28)
Commitments
32 rows, 0 dated closings
Disclosed holdings (from the plan’s performance or holdings report, as of the report date)
DateFundManagerBucketAmountVintageStatusSource
as of Dec 31, 2024Mercer US Large Cap Core Passive Eqcollective trustMercer Trust Company LLCPublic equity$104M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Mercer Active Intermediate Credit Fcollective trustMercer Trust Company LLCPrivate credit$43.6M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Mercer Passive Long Government Fixecollective trustMercer Trust Company LLCPooled vehicles$33.4M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Mercer Non-Us Core Equity Portfoliocollective trustMercer Trust Company LLCPublic equity$46.6M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Mercer Emerging Markets Equity Portcollective trustMercer Trust Company LLCPublic equity$19.2M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Mercer Global Low Volatility Equitycollective trustMercer Trust Company LLCPublic equity$7.9M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Mercer US Small/mid Cap Equity Portcollective trustMercer Trust Company LLCPublic equity$17.5M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Mercer Active Long Corporate Fixedcollective trustMercer Trust Company LLCFixed income$34.6M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Mercer US Core Real Estate Portfolicollective trustMercer Trust Company LLCReal estate$18.8M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Mercer Opportunistic Fixed Incomecollective trustMercer Trust Company LLCHedge / diversifiers$23.7M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024CF Ssga Intermediate US Govt Bond Icollective trustState Street Global Advisors TrustFixed income$43.3M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Mercer US Large Cap Core Passive Eqcollective trustMercer Trust Company LLCPublic equity$58.2M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Mercer Active Intermediate Credit Fcollective trustMercer Trust Company LLCPrivate credit$37.7M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Mercer Passive Long Government Fixecollective trustMercer Trust Company LLCPooled vehicles$32.0M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Mercer Non-Us Core Equity Portfoliocollective trustMercer Trust Company LLCPublic equity$46.9M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Mercer Emerging Markets Equity Portcollective trustMercer Trust Company LLCPublic equity$24.8M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Mercer Global Low Volatility Equitycollective trustMercer Trust Company LLCPublic equity$21.0M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Mercer US Small/mid Cap Equity Portcollective trustMercer Trust Company LLCPublic equity$16.8M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Mercer Active Long Corporate Fixedcollective trustMercer Trust Company LLCFixed income$32.2M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023CF Ssga Intermediate US Govt Bond Icollective trustState Street Global Advisors TrustFixed income$36.9M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Mercer US Core Real Estate Portfolicollective trustMercer Trust Company LLCReal estate$18.9M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Mercer Opportunistic Fixed Incomecollective trustMercer Trust Company LLCHedge / diversifiers$20.9M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Mercer US Large Cap Core Passive Eqcollective trustMercer Trust Company LLCPublic equity$58.4M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Mercer Active Intermediate Credit Fcollective trustMercer Trust Company LLCPrivate credit$29.7M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Mercer Passive Long Government Fixecollective trustMercer Trust Company LLCPooled vehicles$23.5M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Mercer Non-Us Core Equity Portfoliocollective trustMercer Trust Company LLCPublic equity$34.9M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Mercer Emerging Markets Equity Portcollective trustMercer Trust Company LLCPublic equity$20.7M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Mercer Global Low Volatility Equitycollective trustMercer Trust Company LLCPublic equity$18.4M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Mercer US Small/mid Cap Equity Portcollective trustMercer Trust Company LLCPublic equity$14.6M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Mercer Active Long Corporate Fixedcollective trustMercer Trust Company LLCFixed income$23.9M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022CF Ssga Intermediate US Govt Bond Icollective trustState Street Global Advisors TrustFixed income$29.1M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Mercer US Core Real Estate Portfolicollective trustMercer Trust Company LLCReal estate$17.9M heldDisclosed holdingaskebsa.dol.gov
Size and funding
31 readings
Total assets
$427M Dec 31, 2024 reported Form 5500
$383M (2023-12) · $329M (2022-12)
Plan assets
$383M Jan 1, 2024 reported Form 5500
$328M (2023-01) · $341M (2022-01)
Net assets
$427M Dec 31, 2024 reported Form 5500
$383M (2023-12) · $329M (2022-12)
Funded ratio
110.6% Jan 1, 2024 reported Form 5500
114.9% (2023-01) · 144.8% (2022-01)
Funding target
$346M Jan 1, 2024 reported Form 5500
$286M (2023-01) · $236M (2022-01)
Discount rate
5.20% Jan 1, 2024 reported Form 5500
5.29% (2023-01) · 5.47% (2022-01)
Participants
4,433 Jan 1, 2024 reported Form 5500
4,174 (2023-01) · 3,930 (2022-01)
Contributions
$31.6M Dec 31, 2024 reported Form 5500
$34.4M (2023-12) · $55.6M (2022-12)
Benefits paid
$14.8M Dec 31, 2024 reported Form 5500
$15.3M (2023-12) · $16.7M (2022-12)
Net investment income
$43.7M Dec 31, 2024 reported Form 5500
$54.0M (2023-12) · $-13.1M (2022-12)
Investment management fees
$5,950 Dec 31, 2024 reported Form 5500
Form 5500 filings
3 plan years
Plan yearParticipantsAssets (SB market)Funding targetFTAPTotal assets (H)Partnerships / JVMaster trustReal estate
2024 to Dec 31, 20244,433$383M$346M110.6%$427Mn/an/a$0
2023 to Dec 31, 20234,174$328M$286M114.9%$383Mn/an/a$0
2022 to Dec 31, 20223,930$341M$236M144.8%$329Mn/an/a$0
Service providers and investment entities as filed (Schedule C and D, latest year first)
  • State Street Global Advisors codes 28 51 $5,950 PY2024
  • Mercer US Large Cap Core Passive Eq Sched. D C $104M PY2024
  • Mercer Active Intermediate Credit F Sched. D C $43.6M PY2024
  • Mercer Passive Long Government Fixe Sched. D C $33.4M PY2024
  • Mercer Non-Us Core Equity Portfolio Sched. D C $46.6M PY2024
  • Mercer Emerging Markets Equity Port Sched. D C $19.2M PY2024
  • Mercer Global Low Volatility Equity Sched. D C $7.9M PY2024
  • Mercer US Small/mid Cap Equity Port Sched. D C $17.5M PY2024
  • Mercer Active Long Corporate Fixed Sched. D C $34.6M PY2024
  • Mercer US Core Real Estate Portfoli Sched. D C $18.8M PY2024
  • Mercer Opportunistic Fixed Income Sched. D C $23.7M PY2024
  • Cmew Intermediate US Gov Sched. D C $43.3M PY2024
  • Mercer codes 11 PY2024
  • Mercer Investments LLC codes 51 52 $921,718 PY2023
  • Mercer US Large Cap Core Passive Eq Sched. D C $58.2M PY2023
  • Mercer Active Intermediate Credit F Sched. D C $37.7M PY2023
  • Mercer Passive Long Government Fixe Sched. D C $32.0M PY2023
  • Mercer Non-Us Core Equity Portfolio Sched. D C $46.9M PY2023
  • Mercer Emerging Markets Equity Port Sched. D C $24.8M PY2023
  • Mercer US Core Real Estate Portfoli Sched. D C $18.9M PY2023
  • Mercer Opportunistic Fixed Income Sched. D C $20.9M PY2023
  • Mercer Global Low Volatility Equity Sched. D C $21.0M PY2023
  • Mercer US Small/mid Cap Equity Port Sched. D C $16.8M PY2023
  • Mercer Active Long Corporate Fixed Sched. D C $32.2M PY2023
  • Cmew Intermediate US Gov Sched. D C $36.9M PY2023
  • Mercer codes 11 PY2023
  • Mercer Investments LLC codes 51 52 $879,258 PY2022
  • Mercer US Core Real Estate Portfoli Sched. D C $17.9M PY2022
  • Mercer US Large Cap Core Passive Eq Sched. D C $58.4M PY2022
  • Mercer Active Intermediate Credit F Sched. D C $29.7M PY2022
  • Mercer Passive Long Government Fixe Sched. D C $23.5M PY2022
  • Mercer Non-Us Core Equity Portfolio Sched. D C $34.9M PY2022
  • Mercer Emerging Markets Equity Port Sched. D C $20.7M PY2022
  • Mercer Global Low Volatility Equity Sched. D C $18.4M PY2022
  • Mercer US Small/mid Cap Equity Port Sched. D C $14.6M PY2022
  • Mercer Active Long Corporate Fixed Sched. D C $23.9M PY2022
  • Cmew Intermediate US Gov. Sched. D C $29.1M PY2022
  • Mercer codes 11 PY2022
What changed
7 events
  • Dec 31, 2024Manager relationship started
    State Street Global Advisors appears on PBF Energy Pension Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with State Street Global Advisorsaskebsa.dol.gov
  • Dec 31, 2024Assets changed
    PBF Energy Pension Plan total assets $383M -> $427M (+11.4%, 2023-12-31 to 2024-12-31)
    askebsa.dol.gov
  • Jan 1, 2024Funded status changed
    PBF Energy Pension Plan funded ratio 114.9% -> 110.6% (2023-01-01 to 2024-01-01)
    askebsa.dol.gov
  • Jan 1, 2024Assets changed
    PBF Energy Pension Plan plan assets $328M -> $383M (+16.7%, 2023-01-01 to 2024-01-01)
    askebsa.dol.gov
  • Dec 31, 2023Holding started
    PBF Energy Pension Plan first reports an interest in Mercer Opportunistic Fixed Income: $21M at 2023-12-31
    with Mercer Opportunistic Fixed Incomeaskebsa.dol.gov
  • Dec 31, 2023Assets changed
    PBF Energy Pension Plan total assets $329M -> $383M (+16.4%, 2022-12-31 to 2023-12-31)
    askebsa.dol.gov
  • Jan 1, 2023Funded status changed
    PBF Energy Pension Plan funded ratio 144.8% -> 114.9% (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 272198168-001
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.