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

Retirement Plan of Carilion Clinic

Corporate pensionRoanoke, VA
Assets
$1.4B
Total assets, Sep 30, 2025 reported
Funded
95.4%
Oct 1, 2024
Private markets target
n/a
policy Sep 30, 2025
Commitments
0
2 managers on Schedule C
Plan sponsor: Carilion Clinic
Allocation policy
Form 5500, as of Sep 30, 2025
Actual allocation lines without a target (as filed)
  • Interest-bearing cash 3.7%
  • Non-interest-bearing cash 0.5%
  • Corporate debt instruments (other) 20.6%
  • U.S. Government securities 14.9%
  • Other investments 1.8%
  • Other loans 0.1%
  • Partnership/joint venture interests 36.0%
  • Registered investment companies 20.7%
  • Common stock 5.6%
  • Real estate (other than employer real property) 0.2%
Consultants and advisers
17 firms
People
No investment staff or executives have been read for this allocator yet.
Manager roster
5 managers on Schedule C
From Schedule C (investment management, code 28)
Commitments
No fund commitments are on the tape for this allocator. The tape holds the plans that publish their own private-markets reports; a plan that publishes one and is not here is a gap we can close.
Size and funding
33 readings
Total assets
$1.4B Sep 30, 2025 reported Form 5500
$1.5B (2024-09) · $1.3B (2023-09)
Plan assets
$1.4B Oct 1, 2024 reported Form 5500
$1.3B (2023-10) · $1.3B (2022-10)
Net assets
$1.4B Sep 30, 2025 reported Form 5500
$1.5B (2024-09) · $1.3B (2023-09)
Funded ratio
95.4% Oct 1, 2024 reported Form 5500
103.3% (2023-10) · 109.2% (2022-10)
Funding target
$1.4B Oct 1, 2024 reported Form 5500
$1.3B (2023-10) · $1.2B (2022-10)
Discount rate
5.42% Oct 1, 2024 reported Form 5500
5.35% (2023-10) · 5.52% (2022-10)
Participants
17,227 Oct 1, 2024 reported Form 5500
16,874 (2023-10) · 15,943 (2022-10)
Contributions
$31.7M Sep 30, 2025 reported Form 5500
$59.0M (2024-09) · $40.0M (2023-09)
Benefits paid
$65.2M Sep 30, 2025 reported Form 5500
$59.1M (2024-09) · $56.3M (2023-09)
Net investment income
$-17.3M Sep 30, 2025 reported Form 5500
$181M (2024-09) · $-6.7M (2023-09)
Investment management fees
$2.1M Sep 30, 2025 reported Form 5500
$3.3M (2024-09) · $3.8M (2023-09)
Form 5500 filings
3 plan years
Plan yearParticipantsAssets (SB market)Funding targetFTAPTotal assets (H)Partnerships / JVMaster trustReal estate
2024 to Sep 30, 202517,227$1.4B$1.4B95.4%$1.4B$518Mn/a$3.0M
2023 to Sep 30, 202416,874$1.3B$1.3B103.3%$1.5B$464Mn/a$3.6M
2022 to Sep 30, 202315,943$1.3B$1.2B109.2%$1.3B$460Mn/a$4.2M
Service providers and investment entities as filed (Schedule C and D, latest year first)
What changed
16 events
  • Dec 31, 2024Manager relationship started
    Chronograph appears on Retirement Plan of Carilion Clinic's Schedule C as investment manager (plan year 2024 vs 2023)
    with Chronographaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    NED Davis Research no longer appears on Retirement Plan of Carilion Clinic's Schedule C as investment manager (plan year 2024 vs 2023)
    with NED Davis Research, Inc.askebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    Antara Capital no longer appears on Retirement Plan of Carilion Clinic's Schedule C as investment manager (plan year 2024 vs 2023)
    with Antara Capitalaskebsa.dol.gov
  • Dec 31, 2024Consultant changedinference
    USI Consulting Group Inc appears on Retirement Plan of Carilion Clinic's Schedule C as pension consultant (plan year 2024 vs 2023)
    with USI Consulting Groupaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    Onyxpoint no longer appears on Retirement Plan of Carilion Clinic's Schedule C as investment manager (plan year 2024 vs 2023)
    with Onyxpointaskebsa.dol.gov
  • Oct 1, 2024Funded status changed
    Retirement Plan of Carilion Clinic funded ratio 103.3% -> 95.4% (2023-10-01 to 2024-10-01)
    askebsa.dol.gov
  • Oct 1, 2024Assets changed
    Retirement Plan of Carilion Clinic plan assets $1.3B -> $1.4B (+13.6%, 2023-10-01 to 2024-10-01)
    askebsa.dol.gov
  • Sep 30, 2024Assets changed
    Retirement Plan of Carilion Clinic total assets $1.3B -> $1.5B (+14.2%, 2023-09-30 to 2024-09-30)
    askebsa.dol.gov
  • Dec 31, 2023Manager relationship started
    BCA Research appears on Retirement Plan of Carilion Clinic's Schedule C as investment manager (plan year 2023 vs 2022)
    with BCA Research Incaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    Elliott Investment Management no longer appears on Retirement Plan of Carilion Clinic's Schedule C as investment manager (plan year 2023 vs 2022)
    with Elliott Investment Managementaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    Piper Sandler no longer appears on Retirement Plan of Carilion Clinic's Schedule C as investment manager (plan year 2023 vs 2022)
    with Piper Sandleraskebsa.dol.gov
  • Dec 31, 2023Consultant changedinference
    Albourne no longer appears on Retirement Plan of Carilion Clinic's Schedule C as investment adviser (plan) (plan year 2023 vs 2022)
    with Albourne America LLCaskebsa.dol.gov
  • Dec 31, 2023Consultant changedinference
    USI Consulting Group no longer appears on Retirement Plan of Carilion Clinic's Schedule C as pension consultant (plan year 2023 vs 2022)
    with USI Consulting Groupaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    Select Equity no longer appears on Retirement Plan of Carilion Clinic's Schedule C as investment manager (plan year 2023 vs 2022)
    with Select Equity Group, L.Paskebsa.dol.gov
  • Dec 31, 2023Manager relationship started
    NED Davis Research appears on Retirement Plan of Carilion Clinic's Schedule C as investment manager (plan year 2023 vs 2022)
    with NED Davis Research, Inc.askebsa.dol.gov
  • Oct 1, 2023Funded status changed
    Retirement Plan of Carilion Clinic funded ratio 109.2% -> 103.3% (2022-10-01 to 2023-10-01)
    askebsa.dol.gov
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Provenance
Identifiers: EIN-PN 541190771-001
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.