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

Sutter Health Retirement Plan

Corporate pensionSacramento, CA
Assets
$6.2B
Total assets, Dec 31, 2024 reported
Funded
99.7%
Jan 1, 2024
Private markets target
n/a
policy Dec 31, 2024
Commitments
21
3 managers on Schedule C
Plan sponsor: Sutter Health
Allocation policy
Form 5500, as of Dec 31, 2024
Actual allocation lines without a target (as filed)
  • Interest-bearing cash 0.0%
  • Non-interest-bearing cash 0.2%
  • Corporate debt instruments (other) 3.2%
  • U.S. Government securities 5.4%
  • Other investments 23.0%
  • Partnership/joint venture interests 23.0%
  • 103-12 investment entities 5.2%
  • Common/collective trusts 12.9%
  • Registered investment companies 5.5%
  • Common stock 17.1%
  • Preferred stock 0.0%
Consultants and advisers
9 firms
People
No investment staff or executives have been read for this allocator yet.
Manager roster
6 managers on the commitment tape
From the plan’s own commitment disclosures
From Schedule C (investment management, code 28)
Commitments
21 rows, 0 dated closings
Disclosed holdings (from the plan’s performance or holdings report, as of the report date)
DateFundManagerBucketAmountVintageStatusSource
as of Dec 31, 2024CAP Group Intl All Countries Eq Trcollective trustCapital Guardian Trust CompanyPooled vehicles$265M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024NT Collective Short Term Investmentcollective trustNorthern Trust Collective Eafe IndeCash$296M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024NT Coll Russell 1000 Val in Fdcollective trustNorthern Trust Collective Eafe IndePooled vehicles$191M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Baillie Gifford Emerging Marketscollective trustBaillie GiffordPublic equity$44.0M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Marathon-London International Fund103 12 ieMarathon LondonPooled vehicles$321M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Marathon-London International Fund103 12 ieMarathon LondonPooled vehicles$345M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023CF Wa Opportunistic US High Yield103 12 ieWestern Asset Management CompanyHedge / diversifiers$8.0M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023CF Wa Floating Rate High Income Fd103 12 ieWestern Asset ManagementFixed income$4.5M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Opport. Structured Sec. Portfolio103 12 ieWestern Asset ManagementPooled vehicles$6.3M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023CAP Group Intl All Countries Eq Trcollective trustCapital Guardian Trust CompanyPooled vehicles$288M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Bnym Mellon Db Sl Stock Index Fundcollective trustBNY MellonPublic equity$72.5M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023NT Collective Short Term Investmentcollective trustNorthern Trust Collective Eafe IndeCash$74.6M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023NT Coll Russell 1000 Val in Fdcollective trustNorthern Trust Collective Eafe IndePooled vehicles$196M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Marathon-London International Fund103 12 ieMarathon LondonPooled vehicles$350M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022CAP Group Intl All Countries Eq Trcollective trustCapital Guardian Trust CompanyPooled vehicles$316M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Bnym Mellon Db Sl Stock Index Fundcollective trustBNY MellonPublic equity$112M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022CF Wa Opportunistic US High Yield103 12 ieWestern Asset Management CompanyHedge / diversifiers$9.3M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022CF Wa Floating Rate High Income Fd103 12 ieWestern Asset ManagementFixed income$9.0M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Opport. Structured Sec. Portfolio103 12 ieWestern Asset ManagementPooled vehicles$6.4M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022NT Collective Short Term Investmentcollective trustNorthern Trust Collective Eafe IndeCash$57.8M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022NT Coll Russell 1000 Val in Fdcollective trustNorthern Trust Collective Eafe IndePooled vehicles$176M heldDisclosed holdingaskebsa.dol.gov
Size and funding
33 readings
Total assets
$6.2B Dec 31, 2024 reported Form 5500
$5.9B (2023-12) · $5.8B (2022-12)
Plan assets
$5.5B Jan 1, 2024 reported Form 5500
$5.3B (2023-01) · $6.2B (2022-01)
Net assets
$5.9B Dec 31, 2024 reported Form 5500
$5.7B (2023-12) · $5.6B (2022-12)
Funded ratio
99.7% Jan 1, 2024 reported Form 5500
109.9% (2023-01) · 137.4% (2022-01)
Funding target
$5.1B Jan 1, 2024 reported Form 5500
$4.5B (2023-01) · $4.2B (2022-01)
Discount rate
5.20% Jan 1, 2024 reported Form 5500
5.25% (2023-01) · 5.44% (2022-01)
Participants
62,697 Jan 1, 2024 reported Form 5500
60,900 (2023-01) · 59,598 (2022-01)
Contributions
$0 Dec 31, 2024 reported Form 5500
$0 (2023-12) · $0 (2022-12)
Benefits paid
$288M Dec 31, 2024 reported Form 5500
$292M (2023-12) · $320M (2022-12)
Net investment income
$129M Dec 31, 2024 reported Form 5500
$181M (2023-12) · $-945M (2022-12)
Investment management fees
$11.8M Dec 31, 2024 reported Form 5500
$11.1M (2023-12) · $14.3M (2022-12)
Form 5500 filings
3 plan years
Plan yearParticipantsAssets (SB market)Funding targetFTAPTotal assets (H)Partnerships / JVMaster trustReal estate
2024 to Dec 31, 202462,697$5.5B$5.1B99.7%$6.2B$1.4Bn/an/a
2023 to Dec 31, 202360,900$5.3B$4.5B109.9%$5.9B$1.4Bn/an/a
2022 to Dec 31, 202259,598$6.2B$4.2B137.4%$5.8B$1.3Bn/an/a
Service providers and investment entities as filed (Schedule C and D, latest year first)
What changed
21 events
  • Dec 31, 2024Holding started
    Sutter Health Retirement Plan first reports an interest in Baillie Gifford Emerging Markets (Baillie Gifford): $44M at 2024-12-31
    with Baillie Giffordaskebsa.dol.gov
  • Dec 31, 2024Holding endedinference
    Sutter Health Retirement Plan no longer reports Bnym Mellon Db Sl Stock Index Fund (BNY Mellon) (last held $73M at 2023-12-31; absent from the 2024-12-31 filing)
    with BNY Mellonaskebsa.dol.gov
  • Dec 31, 2024Holding endedinference
    Sutter Health Retirement Plan no longer reports Opport. Structured Sec. Portfolio (Western Asset Management) (last held $6M at 2023-12-31; absent from the 2024-12-31 filing)
    with Western Asset Managementaskebsa.dol.gov
  • Dec 31, 2024Holding endedinference
    Sutter Health Retirement Plan no longer reports CF Wa Opportunistic US High Yield (last held $8M at 2023-12-31; absent from the 2024-12-31 filing)
    with CF Wa Opportunistic US High Yieldaskebsa.dol.gov
  • Dec 31, 2024Holding endedinference
    Sutter Health Retirement Plan no longer reports CF Wa Floating Rate High Income Fd (Western Asset Management) (last held $5M at 2023-12-31; absent from the 2024-12-31 filing)
    with Western Asset Managementaskebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    Genstar Capital Partners Ix, L.P appears on Sutter Health Retirement Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Genstar Capital Partners Ix, L.Paskebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    Baillie Gifford appears on Sutter Health Retirement Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Baillie Giffordaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    Capital Bank and Trust Co. no longer appears on Sutter Health Retirement Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Capital Guardianaskebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    Parametric appears on Sutter Health Retirement Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Parametric Portfolio Associatesaskebsa.dol.gov
  • Dec 31, 2024Consultant changedinference
    Herronpalmer appears on Sutter Health Retirement Plan's Schedule C as pension consultant (plan year 2024 vs 2023)
    with Pacific Resources Benefitaskebsa.dol.gov
  • Dec 31, 2024Consultant changedinference
    Kpmg Limited no longer appears on Sutter Health Retirement Plan's Schedule C as pension consultant (plan year 2024 vs 2023)
    with Kpmg Limitedaskebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    Capital Guardian Trust Company appears on Sutter Health Retirement Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Capital Guardian Trust Companyaskebsa.dol.gov
  • Jan 1, 2024Funded status changed
    Sutter Health Retirement Plan funded ratio 109.9% -> 99.7% (2023-01-01 to 2024-01-01)
    askebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    State Street Rsrch & Mgmt Co. no longer appears on Sutter Health Retirement Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with State Street Research & Managementaskebsa.dol.gov
  • Dec 31, 2023Consultant changedinference
    Kpmg Limited appears on Sutter Health Retirement Plan's Schedule C as pension consultant (plan year 2023 vs 2022)
    with Kpmg Limitedaskebsa.dol.gov
  • Dec 31, 2023Consultant changedinference
    Lyxor no longer appears on Sutter Health Retirement Plan's Schedule C as general consultant (plan year 2023 vs 2022)
    with Lyxoraskebsa.dol.gov
  • Dec 31, 2023Manager relationship started
    Capital Bank and Trust Co. appears on Sutter Health Retirement Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Capital Guardianaskebsa.dol.gov
  • Dec 31, 2023Manager relationship started
    Merganser Capital Mgmt appears on Sutter Health Retirement Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Merganser Capital Managementaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    Capital Guardian Trust Company no longer appears on Sutter Health Retirement Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Capital Guardian Trust Companyaskebsa.dol.gov
  • Jan 1, 2023Funded status changed
    Sutter Health Retirement Plan funded ratio 137.4% -> 109.9% (2022-01-01 to 2023-01-01)
    askebsa.dol.gov
  • Jan 1, 2023Assets changed
    Sutter Health Retirement Plan plan assets $6.2B -> $5.3B (-14.6%, 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 942788907-333
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.