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

Duquesne Light Company Defined Benefit Retirement Plan

Corporate pensionPittsburgh, PA
Assets
$895M
Total assets, Dec 31, 2024 reported
Funded
98.2%
Jan 1, 2024
Private markets target
n/a
policy Dec 31, 2024
Commitments
9
none on the tape
Plan sponsor: Duquesne Light Company
Allocation policy
Form 5500, as of Dec 31, 2024
Actual allocation lines without a target (as filed)
  • Interest-bearing cash 0.2%
  • Non-interest-bearing cash 0.4%
  • Corporate debt instruments (other) 0.2%
  • Corporate debt instruments (preferred) 24.0%
  • U.S. Government securities 19.3%
  • Other investments 1.9%
  • Partnership/joint venture interests 0.4%
  • Common/collective trusts 49.3%
  • Registered investment companies 3.3%
Consultants and advisers
7 firms
People
No investment staff or executives have been read for this allocator yet.
Manager roster
3 managers on the commitment tape
From the plan’s own commitment disclosures
From Schedule C (investment management, code 28)
Commitments
9 rows, 0 dated closings
Disclosed holdings (from the plan’s performance or holdings report, as of the report date)
DateFundManagerBucketAmountVintageStatusSource
as of Dec 31, 2024Russell 3000 Index Fundcollective trustBlackrock Institutional Trust Co,naPooled vehicles$182M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Bnym-M Db Nsl Sifcollective trustBNY MellonPooled vehicles$133M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024L&g Long Duration US Credit Collectcollective trustLgima US Credit Fund LLCPrivate credit$83.0M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Russell 3000 Index Fundcollective trustBlackrock Institutional Trust Co,naPooled vehicles$167M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Bnym-M Db Nsl Sifcollective trustBNY MellonPooled vehicles$163M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023L&g Long Duration US Credit Collectcollective trustLgima US Credit Fund LLCPrivate credit$40.4M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Russell 3000 Index Fundcollective trustBlackrock Institutional Trust Co,naPooled vehicles$162M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Bnym-M Db Nsl Sifcollective trustBNY MellonPooled vehicles$153M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022L&g Long Duration US Credit Collectcollective trustLgima US Credit Fund LLCPrivate credit$63.4M heldDisclosed holdingaskebsa.dol.gov
Size and funding
32 readings
Total assets
$895M Dec 31, 2024 reported Form 5500
$925M (2023-12) · $909M (2022-12)
Plan assets
$920M Jan 1, 2024 reported Form 5500
$891M (2023-01) · $1.2B (2022-01)
Net assets
$885M Dec 31, 2024 reported Form 5500
$919M (2023-12) · $890M (2022-12)
Funded ratio
98.2% Jan 1, 2024 reported Form 5500
96.0% (2023-01) · 107.2% (2022-01)
Funding target
$880M Jan 1, 2024 reported Form 5500
$904M (2023-01) · $913M (2022-01)
Discount rate
5.07% Jan 1, 2024 reported Form 5500
5.18% (2023-01) · 5.35% (2022-01)
Participants
3,977 Jan 1, 2024 reported Form 5500
4,091 (2023-01) · 4,164 (2022-01)
Contributions
$0 Dec 31, 2024 reported Form 5500
$10.0M (2023-12) · $10.0M (2022-12)
Benefits paid
$72.3M Dec 31, 2024 reported Form 5500
$73.2M (2023-12) · $73.4M (2022-12)
Net investment income
$-34.1M Dec 31, 2024 reported Form 5500
$29.5M (2023-12) · $-296M (2022-12)
Investment management fees
$1.4M Dec 31, 2023 reported Form 5500
$1.4M (2022-12)
Form 5500 filings
3 plan years
Plan yearParticipantsAssets (SB market)Funding targetFTAPTotal assets (H)Partnerships / JVMaster trustReal estate
2024 to Dec 31, 20243,977$920M$880M98.2%$895M$3.2Mn/an/a
2023 to Dec 31, 20234,091$891M$904M96.0%$925M$3.3Mn/an/a
2022 to Dec 31, 20224,164$1.2B$913M107.2%$909M$4.8Mn/an/a
Service providers and investment entities as filed (Schedule C and D, latest year first)
What changed
3 events
  • Jan 1, 2024Funded status changed
    Duquesne Light Company Defined Benefit Retirement Plan funded ratio 96.0% -> 98.2% (2023-01-01 to 2024-01-01)
    askebsa.dol.gov
  • Jan 1, 2023Funded status changed
    Duquesne Light Company Defined Benefit Retirement Plan funded ratio 107.2% -> 96.0% (2022-01-01 to 2023-01-01)
    askebsa.dol.gov
  • Jan 1, 2023Assets changed
    Duquesne Light Company Defined Benefit Retirement Plan plan assets $1.2B -> $891M (-25.0%, 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 250451600-001
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.