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

Madison Gas and Electric Company Retirement Plan

Corporate pensionMadison, WI

Assets

$279M

Total assets, Dec 31, 2024 reported

Funded

108.0%

Jan 1, 2024

Private markets target

n/a

policy Dec 31, 2024

Commitments

none on the tape

Plan sponsor: Madison Gas and Electric Company

Allocation policy

Form 5500, as of Dec 31, 2024

Actual allocation lines without a target (as filed)

Other investments 5.7%
Pooled separate accounts 94.3%

Consultants and advisers

2 firms

Prudential Retirement & Annuity Ins Actuarythrough Dec 31, 2022 Form 5500
Empower 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

Prudential Retirement & Annuity Ins49 rows, latest Dec 31, 2024

Commitments

49 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	Dryden S&p 500 Indexseparate account	Prudential Retirement & Annuity Ins	Pooled vehicles	$25.3M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2024	High Yield Bond / Pgim Fundseparate account	Prudential Retirement & Annuity Ins	Fixed income	$14.7M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2024	Intl Bld II Fd (mngd by Mfs)separate account	Prudential Retirement & Annuity Ins	Pooled vehicles	$14.5M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2024	Large Cap Value/barrow Hanleyseparate account	Prudential Retirement & Annuity Ins	Public equity	$12.9M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2024	Large Cap Growth/jennisonseparate account	Prudential Retirement & Annuity Ins	Public equity	$13.1M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2024	Largecapgrowth / Mfs Fundseparate account	Prudential Retirement & Annuity Ins	Pooled vehicles	$12.9M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2024	Large Cap Value/lsv Asset Mgmtseparate account	Prudential Retirement & Annuity Ins	Public equity	$12.7M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2024	Long Duration Bond/ir&m Fundseparate account	Prudential Retirement & Annuity Ins	Fixed income	$42.3M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2024	PRU Long Corporate Bondseparate account	Prudential Retirement & Annuity Ins	Fixed income	$42.5M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2024	Mid Growth / Westfield Capitalseparate account	Prudential Retirement & Annuity Ins	Pooled vehicles	$8.6M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2024	Prudential Short-Termseparate account	Prudential Retirement & Annuity Ins	Cash	$3.9M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2024	Small Cap Growth/emeraldseparate account	Prudential Retirement & Annuity Ins	Public equity	$11.3M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2024	Small Cap Value/kennedy Capitseparate account	Prudential Retirement & Annuity Ins	Public equity	$11.1M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2024	International Growth/artisanseparate account	Prudential Retirement & Annuity Ins	Pooled vehicles	$14.6M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2024	Intl Blend/aqrseparate account	Prudential Retirement & Annuity Ins	Pooled vehicles	$14.4M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2024	Mid Cap Value/integrityseparate account	Prudential Retirement & Annuity Ins	Pooled vehicles	$8.2M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	Dryden S&p 500 Indexseparate account	Prudential Retirement & Annuity Ins	Pooled vehicles	$25.6M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	High Yield Bond / Pgim Fundseparate account	Prudential Retirement & Annuity Ins	Fixed income	$13.5M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	Intl Bld II Fd (mngd by Mfs)separate account	Prudential Retirement & Annuity Ins	Pooled vehicles	$15.8M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	Large Cap Value/barrow Hanleyseparate account	Prudential Retirement & Annuity Ins	Public equity	$13.2M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	Large Cap Growth/jennisonseparate account	Prudential Retirement & Annuity Ins	Public equity	$13.9M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	Largecapgrowth / Mfs Fundseparate account	Prudential Retirement & Annuity Ins	Pooled vehicles	$13.5M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	Large Cap Value/lsv Asset Mgmtseparate account	Prudential Retirement & Annuity Ins	Public equity	$13.3M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	Long Duration Bond/ir&m Fundseparate account	Prudential Retirement & Annuity Ins	Fixed income	$30.0M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	PRU Long Corporate Bondseparate account	Prudential Retirement & Annuity Ins	Fixed income	$30.9M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	Mid Growth / Westfield Capitalseparate account	Prudential Retirement & Annuity Ins	Pooled vehicles	$10.2M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	Prudential Short-Termseparate account	Prudential Retirement & Annuity Ins	Cash	$4.3M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	Small Cap Growth/emeraldseparate account	Prudential Retirement & Annuity Ins	Public equity	$12.7M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	Small Cap Value/kennedy Capitseparate account	Prudential Retirement & Annuity Ins	Public equity	$12.1M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	International Growth/artisanseparate account	Prudential Retirement & Annuity Ins	Pooled vehicles	$15.5M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	Intl Blend/aqrseparate account	Prudential Retirement & Annuity Ins	Pooled vehicles	$15.9M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	Mcv/pgim Quant Solutions Fdseparate account	Prudential Retirement & Annuity Ins	Pooled vehicles	$41,168 held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	Mid Cap Value/integrityseparate account	Prudential Retirement & Annuity Ins	Pooled vehicles	$9.7M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	Intl Blend/aqrseparate account	Prudential Retirement & Annuity Ins	Pooled vehicles	$15.5M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	Mcv/pgim Quant Solutions Fdseparate account	Prudential Retirement & Annuity Ins	Pooled vehicles	$9.0M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	Dryden S&p 500 Indexseparate account	Prudential Retirement & Annuity Ins	Pooled vehicles	$23.6M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	High Yield Bond / Pgim Fundseparate account	Prudential Retirement & Annuity Ins	Fixed income	$10.9M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	Intl Bld II Fd (mngd by Mfs)separate account	Prudential Retirement & Annuity Ins	Pooled vehicles	$15.2M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	Large Cap Value/barrow Hanleyseparate account	Prudential Retirement & Annuity Ins	Public equity	$14.1M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	Large Cap Growth/jennisonseparate account	Prudential Retirement & Annuity Ins	Public equity	$10.5M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	Largecapgrowth / Mfs Fundseparate account	Prudential Retirement & Annuity Ins	Pooled vehicles	$11.4M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	Large Cap Value/lsv Asset Mgmtseparate account	Prudential Retirement & Annuity Ins	Public equity	$13.9M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	Long Duration Bond/ir&m Fundseparate account	Prudential Retirement & Annuity Ins	Fixed income	$25.7M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	PRU Long Corporate Bondseparate account	Prudential Retirement & Annuity Ins	Fixed income	$26.3M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	Mid Growth / Westfield Capitalseparate account	Prudential Retirement & Annuity Ins	Pooled vehicles	$8.2M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	Prudential Short-Termseparate account	Prudential Retirement & Annuity Ins	Cash	$1.9M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	Small Cap Growth/emeraldseparate account	Prudential Retirement & Annuity Ins	Public equity	$10.7M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	Small Cap Value/kennedy Capitseparate account	Prudential Retirement & Annuity Ins	Public equity	$10.8M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	International Growth/artisanseparate account	Prudential Retirement & Annuity Ins	Pooled vehicles	$15.7M held	Disclosed holding	askebsa.dol.gov

Size and funding

31 readings

Total assets

$279M Dec 31, 2024 reported Form 5500

$267M (2023-12) · $246M (2022-12)

Plan assets

$246M Jan 1, 2024 reported Form 5500

$225M (2023-01) · $289M (2022-01)

Net assets

$279M Dec 31, 2024 reported Form 5500

$267M (2023-12) · $246M (2022-12)

Funded ratio

108.0% Jan 1, 2024 reported Form 5500

108.8% (2023-01) · 115.8% (2022-01)

Funding target

$179M Jan 1, 2024 reported Form 5500

$178M (2023-01) · $174M (2022-01)

Discount rate

5.12% Jan 1, 2024 reported Form 5500

5.24% (2023-01) · 5.41% (2022-01)

Participants

596 Jan 1, 2024 reported Form 5500

600 (2023-01) · 609 (2022-01)

Contributions

$0 Dec 31, 2024 reported Form 5500

$0 (2023-12) · $0 (2022-12)

Benefits paid

$15.7M Dec 31, 2024 reported Form 5500

$14.4M (2023-12) · $14.8M (2022-12)

Net investment income

$11.2M Dec 31, 2024 reported Form 5500

$21.1M (2023-12) · $-71.4M (2022-12)

Investment management fees

$0 Dec 31, 2024 reported Form 5500

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	596	$246M	$179M	108.0%	$279M	n/a	n/a	n/a
2023 to Dec 31, 2023	600	$225M	$178M	108.8%	$267M	n/a	n/a	n/a
2022 to Dec 31, 2022	609	$289M	$174M	115.8%	$246M	n/a	n/a	n/a

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

Empower Annuity Insurance Company codes 11 $180,100 PY2024
Clifton Arsonallen LLP codes 10 $11,418 PY2024
HUB International codes 73 $10,878 PY2024
Intl Bld II Fd Sched. D P $14.5M PY2024
Large Cap Value/barrow Hanley Sched. D P $12.9M PY2024
Large Cap Growth/jennison Sched. D P $13.1M PY2024
Largecapgrowth / Mfs Fund Sched. D P $12.9M PY2024
Large Cap Value/lsv Asset Mgmt Sched. D P $12.7M PY2024
Long Duration Bond/ir&m Fund Sched. D P $42.3M PY2024
Pgim Long Corporate Bond (isp) Sched. D P $42.5M PY2024
MID Growth / Westfield Capital Sched. D P $8.6M PY2024
Pgim Short-Term (isp) Sched. D P $3.9M PY2024
Small Cap Growth/emerald Sched. D P $11.3M PY2024
Small Cap Value/kennedy Capit Sched. D P $11.1M PY2024
International Growth/artisan Sched. D P $14.6M PY2024
Intl Blend/aqr Sched. D P $14.4M PY2024
Mcv/pgim Quant Solutions Fd Sched. D P PY2024
MID Cap Value/integrity Sched. D P $8.2M PY2024
Dryden S&p 500 Index Sched. D P $25.3M PY2024
High Yield Bond / Pgim Fund Sched. D P $14.7M PY2024
Empower codes 11 PY2024
Empower Annuity Insurance Company codes 11 $136,361 PY2023
HUB International codes 73 $11,352 PY2023
Clifton Arsonallen LLP codes 10 $10,868 PY2023
High Yield Bond / Pgim Fund Sched. D P $13.5M PY2023
Intl Bld II Fd Sched. D P $15.8M PY2023
Large Cap Value/barrow Hanley Sched. D P $13.2M PY2023
Large Cap Growth/jennison Sched. D P $13.9M PY2023
Largecapgrowth / Mfs Fund Sched. D P $13.5M PY2023
Large Cap Value/lsv Asset Mgmt Sched. D P $13.3M PY2023
Long Duration Bond/ir&m Fund Sched. D P $30.0M PY2023
Pgim Long Corporate Bond (isp) Sched. D P $30.9M PY2023
Mid Growth / Westfield Capital Sched. D P $10.2M PY2023
Pgim Short-Term (isp) Sched. D P $4.3M PY2023
Small Cap Growth/emerald Sched. D P $12.7M PY2023
Small Cap Value/kennedy Capit Sched. D P $12.1M PY2023
International Growth/artisan Sched. D P $15.5M PY2023
Intl Blend/aqr Sched. D P $15.9M PY2023
Mcv/pgim Quant Solutions Fd Sched. D P $41,168 PY2023
Mid Cap Value/integrity Sched. D P $9.7M PY2023
Dryden S&p 500 Index Sched. D P $25.6M PY2023
Empower codes 11 PY2023
Prudential Retirement Insurance and codes 11 $48,425 PY2022
HUB International Midwest Ltd codes 73 $13,778 PY2022
Clifton Arsonallen LLP codes 10 $10,267 PY2022
Dryden S&p 500 Index Sched. D P $23.6M PY2022
High Yield Bond / Prudential Sched. D P $10.9M PY2022
Intl Bld II Fd Sched. D P $15.2M PY2022
Large Cap Value/barrow Hanley Sched. D P $14.1M PY2022
Large Cap Growth/jennison Sched. D P $10.5M PY2022
Largecapgrowth / Mfs Fund Sched. D P $11.4M PY2022
Large Cap Value/lsv Asset Mgmt Sched. D P $13.9M PY2022
Long Duration Bond/ir&m Fund Sched. D P $25.7M PY2022
PRU Long Corporate Bond Sched. D P $26.3M PY2022
Mid Growth / Westfield Capital Sched. D P $8.2M PY2022
Prudential Short-Term Sched. D P $1.9M PY2022
Small Cap Growth/emerald Sched. D P $10.7M PY2022
Small Cap Value/kennedy Capit Sched. D P $10.8M PY2022
International Growth/artisan Sched. D P $15.7M PY2022
Intl Blend/aqr Sched. D P $15.5M PY2022
Mcv/pgim Quant Solutions Fd Sched. D P $9.0M PY2022
Empower codes 11 PY2022

What changed

4 events

Dec 31, 2024Holding endedinference
Madison Gas and Electric Company Retirement Plan no longer reports Mcv/pgim Quant Solutions Fd (Prudential Retirement & Annuity Ins) (last held $41,168 at 2023-12-31; absent from the 2024-12-31 filing)
with Prudential Retirement & Annuity Insaskebsa.dol.gov
Dec 31, 2023Holding started
Madison Gas and Electric Company Retirement Plan first reports an interest in Mid Cap Value/integrity (Prudential Retirement & Annuity Ins): $10M at 2023-12-31
with Prudential Retirement & Annuity Insaskebsa.dol.gov
Jan 1, 2023Funded status changed
Madison Gas and Electric Company Retirement Plan funded ratio 115.8% -> 108.8% (2022-01-01 to 2023-01-01)
askebsa.dol.gov
Jan 1, 2023Assets changed
Madison Gas and Electric Company Retirement Plan plan assets $289M -> $225M (-22.1%, 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 390444025-002

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.