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 for Employees of Puget Sound Energy, Inc.

Corporate pensionBellevue, WA
Assets
$944M
Total assets, Dec 31, 2025 reported
Funded
130.8%
Jan 1, 2025
Private markets target
n/a
policy Dec 31, 2025
Commitments
16
5 managers on Schedule C
Plan sponsor: Puget Sound Energy, Inc.
Allocation policy
Form 5500, as of Dec 31, 2025
Actual allocation lines without a target (as filed)
  • Interest-bearing cash 0.2%
  • Corporate debt instruments (other) 3.9%
  • U.S. Government securities 15.8%
  • Other investments 0.5%
  • Common/collective trusts 49.0%
  • Registered investment companies 15.3%
  • Common stock 15.1%
Consultants and advisers
4 firms
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
16 rows, 0 dated closings
Disclosed holdings (from the plan’s performance or holdings report, as of the report date)
DateFundManagerBucketAmountVintageStatusSource
as of Dec 31, 2025Equity Index Non-Lendable Fundcollective trustBlackrock Institutional Trust Company, N.A.Public equity$83.5M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2025MFS International Growth Fundcollective trustMFS Heritage Trust CompanyPooled vehicles$104M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2025Nhit Long Duration Government Credicollective trustLoomis Sayles Trust CompanyFixed income$167M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2025Schroder Collective Investment Truscollective trustSEI Trust CompanyPooled vehicles$109M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Equity Index Non-Lendable Fundcollective trustBlackrock Institutional Trust Company, N.A.Public equity$81.5M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024MFS International Growth Fundcollective trustMFS Heritage Trust CompanyPooled vehicles$92.5M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Nhit Long Duration Government Credicollective trustLoomis Sayles Trust CompanyFixed income$148M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Schroder Collective Investment Truscollective trustSEI Trust CompanyPooled vehicles$90.3M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Equity Index Non-Lendable Fundcollective trustBlackrock Institutional Trust Company, N.A.Public equity$80.9M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023MFS International Growth Fundcollective trustMFS Heritage Trust CompanyPooled vehicles$92.9M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Nhit Long Duration Government Credicollective trustLoomis Sayles Trust CompanyFixed income$124M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Schroder Collective Investment Truscollective trustSEI Trust CompanyPooled vehicles$91.8M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Equity Index Non-Lendable Fundcollective trustBlackrock Institutional Trust Company, N.A.Public equity$74.9M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022MFS International Growth Fundcollective trustMFS Heritage Trust CompanyPooled vehicles$80.2M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Nhit Long Duration Government Credicollective trustLoomis Sayles Trust CompanyFixed income$108M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Schroder Collective Investment Truscollective trustSEI Trust CompanyPooled vehicles$86.8M heldDisclosed holdingaskebsa.dol.gov
Size and funding
44 readings
Total assets
$944M Dec 31, 2025 reported Form 5500
$830M (2024-12) · $786M (2023-12) · $697M (2022-12)
Plan assets
$773M Jan 1, 2025 reported Form 5500
$746M (2024-01) · $659M (2023-01) · $899M (2022-01)
Net assets
$862M Dec 31, 2025 reported Form 5500
$777M (2024-12) · $751M (2023-12) · $664M (2022-12)
Funded ratio
130.8% Jan 1, 2025 reported Form 5500
125.0% (2024-01) · 112.9% (2023-01) · 152.8% (2022-01)
Funding target
$591M Jan 1, 2025 reported Form 5500
$597M (2024-01) · $583M (2023-01) · $588M (2022-01)
Discount rate
5.36% Jan 1, 2025 reported Form 5500
5.19% (2024-01) · 5.31% (2023-01) · 5.48% (2022-01)
Participants
5,133 Jan 1, 2025 reported Form 5500
5,216 (2024-01) · 5,268 (2023-01) · 5,389 (2022-01)
Contributions
$18.0M Dec 31, 2025 reported Form 5500
$18.0M (2024-12) · $18.0M (2023-12) · $18.0M (2022-12)
Benefits paid
$45.3M Dec 31, 2025 reported Form 5500
$42.2M (2024-12) · $38.9M (2023-12) · $80.8M (2022-12)
Net investment income
$84.1M Dec 31, 2025 reported Form 5500
$26.4M (2024-12) · $87.4M (2023-12) · $-241M (2022-12)
Investment management fees
$2.1M Dec 31, 2025 reported Form 5500
$1.9M (2024-12) · $1.9M (2023-12) · $2.3M (2022-12)
Form 5500 filings
4 plan years
Plan yearParticipantsAssets (SB market)Funding targetFTAPTotal assets (H)Partnerships / JVMaster trustReal estate
2025 to Dec 31, 20255,133$773M$591M130.8%$944Mn/an/an/a
2024 to Dec 31, 20245,216$746M$597M125.0%$830M$0n/an/a
2023 to Dec 31, 20235,268$659M$583M112.9%$786M$0n/an/a
2022 to Dec 31, 20225,389$899M$588M152.8%$697M$0n/an/a
Service providers and investment entities as filed (Schedule C and D, latest year first)
What changed
10 events
  • Dec 31, 2025Assets changed
    Retirement Plan for Employees of Puget Sound Energy, Inc. total assets $830M -> $944M (+13.7%, 2024-12-31 to 2025-12-31)
    askebsa.dol.gov
  • Jan 1, 2025Funded status changed
    Retirement Plan for Employees of Puget Sound Energy, Inc. funded ratio 125.0% -> 130.8% (2024-01-01 to 2025-01-01)
    askebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    Rothschild Asset Management Inc no longer appears on Retirement Plan for Employees of Puget Sound Energy, Inc.'s Schedule C as investment manager (plan year 2024 vs 2023)
    with Rothschild Asset Management Inc.askebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    Voya Investment Management LLC no longer appears on Retirement Plan for Employees of Puget Sound Energy, Inc.'s Schedule C as investment manager (plan year 2024 vs 2023)
    with Voya Investment Management Co LLCaskebsa.dol.gov
  • Jan 1, 2024Funded status changed
    Retirement Plan for Employees of Puget Sound Energy, Inc. funded ratio 112.9% -> 125.0% (2023-01-01 to 2024-01-01)
    askebsa.dol.gov
  • Jan 1, 2024Assets changed
    Retirement Plan for Employees of Puget Sound Energy, Inc. plan assets $659M -> $746M (+13.3%, 2023-01-01 to 2024-01-01)
    askebsa.dol.gov
  • Dec 31, 2023Manager relationship started
    Boston Trust Walden Inc appears on Retirement Plan for Employees of Puget Sound Energy, Inc.'s Schedule C as investment manager (plan year 2023 vs 2022)
    with Boston Trust Walden Companyaskebsa.dol.gov
  • Dec 31, 2023Assets changed
    Retirement Plan for Employees of Puget Sound Energy, Inc. total assets $697M -> $786M (+12.7%, 2022-12-31 to 2023-12-31)
    askebsa.dol.gov
  • Jan 1, 2023Funded status changed
    Retirement Plan for Employees of Puget Sound Energy, Inc. funded ratio 152.8% -> 112.9% (2022-01-01 to 2023-01-01)
    askebsa.dol.gov
  • Jan 1, 2023Assets changed
    Retirement Plan for Employees of Puget Sound Energy, Inc. plan assets $899M -> $659M (-26.7%, 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 910374630-001
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.