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.
Taft-Hartley plan
Sound Variable Annuity Pension Trust
Taft-Hartley planBothell, WA
Assets
$140M
Total assets, Dec 31, 2024 reported
Funded
100.1%
Jan 1, 2024
Private markets target
n/a
policy Dec 31, 2024
Commitments
3
none on the tape
Plan sponsor: Board of Trustees, Sound Variable Annuity
Allocation policy
Form 5500, as of Dec 31, 2024
Actual allocation lines without a target (as filed)
- Interest-bearing cash 0.1%
- Non-interest-bearing cash 2.9%
- Partnership/joint venture interests 13.3%
- Common/collective trusts 4.2%
- Registered investment companies 77.0%
Consultants and advisers
6 firms
- Verus Advisory, Inc. Investment adviser (plan)through Dec 31, 2022 Form 5500
- Rael & Letson/cheiron Inc. Actuarythrough Dec 31, 2023 Form 5500
- US Bank Trusteethrough Dec 31, 2023 Form 5500
- Cheiron Inc./rael & Letson Actuarythrough Dec 31, 2022 Form 5500
- Rael & Letson Actuarythrough Dec 31, 2022 Form 5500
- Cheiron Actuarythrough Dec 31, 2022 Form 5500
People
No investment staff or executives have been read for this allocator yet.
Manager roster
2 managers on the commitment tape
From the plan’s own commitment disclosures
- Prudential Trust Co.2 rows, latest Dec 31, 2024
- Panagora Asset Management, Inc.1 rows, latest Dec 31, 2022
From Schedule C (investment management, code 28)
- Prudential Trust Co.plan years 2023
Commitments
3 rows, 0 dated closings
Disclosed holdings (from the plan’s performance or holdings report, as of the report date)
| Date | Fund | Manager | Bucket | Amount | Vintage | Status | Source |
|---|---|---|---|---|---|---|---|
| as of Dec 31, 2024 | PRU Emerging Market Debt Fundcollective trust | Prudential Trust Co. | Private credit | $5.9M held | Disclosed holding | askebsa.dol.gov | |
| as of Dec 31, 2023 | PRU Emerging Market Debt Fundcollective trust | Prudential Trust Co. | Private credit | $3.5M held | Disclosed holding | askebsa.dol.gov | |
| as of Dec 31, 2022 | CF Panagora Risk Parity Multi-Asset103 12 ie | Panagora Asset Management, Inc. | Hedge / diversifiers | $4.6M held | Disclosed holding | askebsa.dol.gov |
Size and funding
30 readings
Investment management fees
$51,896 (2023-12) · $32,896 (2022-12)
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 | 87,151 | n/a | n/a | n/a | $140M | $18.6M | n/a | n/a |
| 2023 to Dec 31, 2023 | 69,397 | n/a | n/a | n/a | $97.9M | $9.9M | n/a | n/a |
| 2022 to Dec 31, 2022 | 48,135 | n/a | n/a | n/a | $58.7M | $7.7M | n/a | n/a |
Service providers and investment entities as filed (Schedule C and D, latest year first)
- Zenith American Solutions codes 13 50 $1.8M PY2024
- Cheiron Inc codes 11 17 50 $463,204 PY2024
- Rael & Letson codes 11 17 50 $212,938 PY2024
- Seyfarth Shaw LLP codes 29 50 $99,810 PY2024
- Slevin & Hart, P.C. codes 29 50 $51,430 PY2024
- Verus Advisory, Inc codes 27 50 $35,000 PY2024
- Miller Kaplan Arase LLP codes 10 50 $27,280 PY2024
- Prudential Trust Co. codes 28 50 99 $20,926 PY2024
- Service Printing Co, Inc codes 36 50 $16,902 PY2024
- Wells Fargo Bank, Na codes 49 50 $13,718 PY2024
- US Bank, Na codes 21 50 99 $11,002 PY2024
- Segal Select Insurance Services codes 53 PY2024
- PRU Emerging Mkt Debt Fund Sched. D C $5.9M PY2024
- Cheiron Inc./rael & Letson codes 11 PY2024
- Zenith American Solutions codes 13 50 $1.6M PY2023
- Cheiron Inc codes 11 17 50 $420,247 PY2023
- Rael & Letson codes 11 17 50 $237,082 PY2023
- Seyfarth Shaw LLP codes 29 50 $162,226 PY2023
- Slevin & Hart, P.C. codes 29 50 $81,156 PY2023
- Verus Advisory, Inc codes 27 50 $33,333 PY2023
- Service Printing Co, Inc codes 36 50 $32,213 PY2023
- Miller Kaplan codes 10 50 $21,603 PY2023
- Prudential Trust Co. codes 28 50 99 $12,981 PY2023
- Onsite Mail Inc DBA Publishers Mail codes 49 50 $12,477 PY2023
- Wells Fargo Bank, Na codes 49 50 $7,504 PY2023
- US Bank, Na codes 21 50 99 $7,120 PY2023
- Panagora Asset Management Inc. codes 50 68 71 $5,582 PY2023
- Segal Select Insurance Services codes 53 PY2023
- PRU Emerging Mkt Debt Fund Sched. D C $3.5M PY2023
- Rael & Letson/cheiron Inc. codes 11 PY2023
- Zenith American Solutions codes 13 50 $1.7M PY2022
- Cheiron Inc codes 11 17 50 $312,163 PY2022
- Service Printing Co, Inc codes 36 50 $192,790 PY2022
- Seyfarth Shaw LLP codes 29 50 $181,170 PY2022
- Rael & Letson codes 11 17 50 $150,353 PY2022
- Slevin & Hart, P.C. codes 29 50 $55,031 PY2022
- Onsite Mail Inc DBA Publishers Mail codes 49 50 $38,313 PY2022
- Verus Advisory, Inc codes 27 50 $25,000 PY2022
- Segal Select Insurance Services codes 53 PY2022
- Panagora Risk Parity Multi-Asset Fu Sched. D E $4.6M PY2022
- Cheiron Inc./rael & Letson codes 11 PY2022
What changed
9 events
- Dec 31, 2024Assets changedSound Variable Annuity Pension Trust total assets $98M -> $140M (+43.2%, 2023-12-31 to 2024-12-31)
- Jan 1, 2024Funded status changedSound Variable Annuity Pension Trust funded ratio 120.8% -> 100.1% (2023-01-01 to 2024-01-01)
- Jan 1, 2024Assets changedSound Variable Annuity Pension Trust plan assets $59M -> $98M (+66.6%, 2023-01-01 to 2024-01-01)
- Dec 31, 2023Holding startedSound Variable Annuity Pension Trust first reports an interest in PRU Emerging Market Debt Fund (Prudential Trust Co.): $3M at 2023-12-31with Prudential Trust Co.askebsa.dol.gov
- Dec 31, 2023Holding endedinferenceSound Variable Annuity Pension Trust no longer reports CF Panagora Risk Parity Multi-Asset (Panagora Asset Management, Inc.) (last held $5M at 2022-12-31; absent from the 2023-12-31 filing)with Panagora Asset Management, Inc.askebsa.dol.gov
- Dec 31, 2023Manager relationship startedPrudential Trust Co. appears on Sound Variable Annuity Pension Trust's Schedule C as investment manager (plan year 2023 vs 2022)with Prudential Trust Co.askebsa.dol.gov
- Dec 31, 2023Assets changedSound Variable Annuity Pension Trust total assets $59M -> $98M (+66.6%, 2022-12-31 to 2023-12-31)
- Jan 1, 2023Funded status changedSound Variable Annuity Pension Trust funded ratio 91.0% -> 120.8% (2022-01-01 to 2023-01-01)
- Jan 1, 2023Assets changedSound Variable Annuity Pension Trust plan assets $17M -> $59M (+243.1%, 2022-01-01 to 2023-01-01)
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Provenance
Identifiers: EIN-PN 863278029-001
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.