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.

Not an allocator

Mercer Investments LLC

Not an allocatorCRD 133449
Advisory clients on the tape
57
Schedule C, ACFR
Public-system clients
2
ACFR and seeds
ADV institutional clients
1,346
filed Aug 11, 2026
ADV institutional RAUM
$203B
pension, government, charity, insurance, sovereign
ADV discretionary RAUM
$220B
Item 5.F
Advisory clients
58 allocators
Other roles
11 allocators
Schedule C rows
400 rows, $156M direct compensation as filed
PlanPlan yearCodesRelationship as filedDirect compensation
Federated Mutual Retirement Plan202551 52NONE$601,708
AIR Canada U.S. Pension Plan202551 52NONE$268,219
Bangor Hydro Electric Company Pension Plan202551 52FIDUCIARY$197,042
Retirement Plan of Marathon Oil Company202528 51N/A$127,079
Maine Public Service Company Pension Plan202551 52FIDUCIARY$94,524
Pottstown Memorial Medical Center Retirement Income Plan202527INVESTMENT ADVISOR$64,285
Financial Accounting Foundation Employees' Pension Plan202528 51 52ADVISOR$29,286
Transamerica Pension Plan202451 52FIDUCIARY$1.5M
American Bureau of Shipping Pension Plan202428 50 51 52NONE$1.5M
Pension Plan for Eligible Bettis Employees and Retirees202427 28 50 51 52NONE$1.4M
Salaried Employee Pension Plan for Kapl Employees and Retirees202427 28 50 51 52NONE$1.3M
Novelis Pension Plan202428 51 52NONE$1.2M
OAK Ridge Reservation Cleanup Contract Pension Plan for Grandfathered Employees202427 51 52FIDUCIARY$1.2M
The Consol Energy Inc. Employee Retirement Plan202428 51NONE$1.1M
Massachusetts Teachers Association Retirement Plan202451 52F$1.1M
Logan Aluminum Pension Plan202428 51 52NONE$1.1M
Employees' Retirement Plan of Indianapolis Power & Light Company202451 52INV CONSULTANT$1.0M
Barnes Group Inc. Consolidated Pension Plan202428NONE$969,525
Riverside Health System Retirement Income Plan202449 51OTHER$951,939
Westinghouse Electric Company Pension Plan202451NONE$894,789
Williams Pension Plan202416 31 51PARTY-IN-INTEREST$837,016
Excellus Retirement Plan202451INVESTMENT MGMT$810,561
Huntington Bancshares Retirement Plan202417 27 51 52FIDUCIARY$808,913
Non-Contributory Retirement Program for Certain Employees of Blue Cross and Blue Shield of Florida Inc.202451INVESTMENT MGMT$726,388
Hyundai Motor America Pension Plan202451 52FIDUCIARY$712,932
COX Enterprises, Inc. Pension Plan202427 50NONE$706,000
Waste Isolation Pilot Plant Pension Plan202428 51 52INVESTMENT MGMT$670,549
ITG Brands, LLC Retirement Allowance Plan for Hourly Rated And/or Piecework Employees202451 52NONE$663,803
Intermountain Healthcare Pension Plan202427NONE$614,000
Mitsui & Co. (U.S.A.), Inc. Pension Plan202428 50 51 52FIDUCIARY$588,819
Federated Mutual Retirement Plan202451 52NONE$545,088
Mercedes-Benz USA, LLC Pension Plan202428 50 51 52NONE$528,021
The Associated Press Consolidated Retirement Plan202451 52FIDUCIARY$526,469
Sandvik Pension Plan202451 52FIDUCIARY$519,646
The Nielsen Company Retirement Plan202451 52INVESTMENT MANAGEMENT$504,391
The Southern Company Pension Plan202427 50NONE$462,763
Univar Solutions Retirement Plan202428 50INVESTMENT MANAGEMENT$451,150
Arconic Corp. Pension Plan a202428 51NONE$448,218
Arconic Corp. Pension Plan B202428 51NONE$438,116
The Dayton Power and Light Co. Retirement Inc Plan202451 52INV CONSULTANT$420,371
The Rowan Pension Plan202451 52NONE$399,291
SG Pension Plan202451FIDUCIARY$378,220
Coca-Cola Bottling Company United, Inc. Retirement Plan202451NONE$362,881
Capital One Financial Corporation Cash Balance Pension Plan202451 52FIDUCIARY$362,258
Clark Equipment Company - Melroe Division, Gwinner, Nd Plant Hourly-Rate Employees' Pension Plan202451 52INVESTMENT MGR$354,213
Luck Stone Corporation Retirement Plan and Trust202428 50 51FIDUCIARY$342,874
Rockwell Automation Pension Plan202428 50NONE$342,282
News Corp Pension Plan202450 51 52NONE$341,614
Schaeffler Group USA Inc. Pension Plan202428 50 51 52INVESTMENT MANAGEMENT$320,951
Vinson & Elkins LLP Pension Plan202428 51NONE$319,932
Northwell Health Pension Plan202428NONE$310,605
Houghton Mifflin Retirement Plan202451 52FIDUCIARY$308,083
William Beaumont Hospital Employees' Retirement Plan202427 50NONE$306,368
The Hartford Retirement Plan for U.S. Employees202416NONE$296,290
Clark Equipment Company Retirement Plan (plan 50)202451 52INVESTMENT MGR$293,718
Morgan Stanley Employees Retirement Plan202427 51NONE$288,017
Non-Contributory Retirement Program for Certain Employees of Blue Cross and Blue Shield of Kansas, Inc.202451INVEST MGMT.$285,254
AIR Canada U.S. Pension Plan202451 52NONE$281,497
AM General Hourly Retirement Plan202428 51NONE$277,366
IBM Personal Pension Plan202427PARTY-IN-INTEREST$271,655
Bertelsmann Pension Account Plan202451 52FIDUCIARY$266,431
Regal Beloit America, Inc. Pension Plan202427 51 52INVESTMENT ADVISORY$264,355
AM General Salaried Retirement Plan202428 51NONE$263,825
The Isuzu Companies' Retirement Plan202451 52FIDUCIARY$262,930
Cubic Corporation Pension Plan202451 52INVESTMENT MANAGER$258,941
Retirement Plan for Employees of Cass Information Systems, Inc.202451 52NONE$255,738
Vibrantz Corporation Pension Plan for Legacy Employees202451 52NONE$250,833
Triple-S Management Corporation Non-Contributory Retirement Plan202451INVESTMENT MANAGER$250,758
Linde U.S. Pension Plan202450 51NONE$250,652
Retirement Plan for Employees of Emerson Hospital202428 51NONE$244,125
UAW Agreement and Pension Plan202428NONE$241,559
Non-Contributory Retirement Program for Certain Employees of Blue Cross and Blue Shield Association202451INVESTMENT MGMT.$233,515
The Retirement Plan for Employees of the United States Offices of Lloyds Bank Plc202451FIDUCIARY$232,679
PMC Business Pension Plan202427 51 52INVESTMENT ADVISORY$223,041
Retirement Plan of Marathon Oil Company202428 51NONE$218,282
American President Lines, LLC Retirement Account Plan202411 65ACTUARY/ RECORD KEEPER$195,948
Bangor Hydro Electric Company Pension Plan202451 52FIDUCIARY$195,789
Doosan Pension Plan Number One202451 52INVESTMENT MGMT$194,661
Bacardi U.S.A., Inc. Pension Plan202427 51 52FIDUCIARY$189,636
The French's Food Company LLC Retirement Plan for Union Employees202421 50TRUSTEE$188,420
Retirement Plan for Employees of the Charles Stark Draper Laboratory, Inc.202450 51 52FIDUCIARY$185,567
Allstate Retirement Plan202417 27 50NONE$180,000
Retirement Income Plan for the Employees of Dannon202451 52FIDUCIARY$179,214
Novelis Terre Haute Hourly Pension Plan202428 51 52NONE$170,398
WCI Steel/pyro/baron Retirement Plan202428 51INVESTMENT MANAGEMENT$170,000
Alaska Electrical Pension Plan202427 50NONE$168,235
Asbury Carbons, Inc. Pension Plan202451FIDUCIARY$162,946
Hussmann Pension Plan for Certain Active and Inactive Employees202428 50 52NONE$159,989
Pension Plan for Kapl Employees in Participating Bargaining Units202427 28 50 51 52NONE$159,572
Tforce Freight Pension Plan202428 51 52NONE$159,097
JSJ Corporation Employees' Retirement Income Plan202451 52INVESTMENT ADVISOR$159,059
WTB Financial Corporation Pension Plan202451 52FIDUCIARY$158,003
Pixelle Specialty Solutions LLC Retirement Plan202451 52FIDUCIARY$157,964
RET. Plan for Emps. of American President Lines, LLC. Represented by the Prof. Ofc. & Ind. , Marine Engr. Beneficial Assn (afl/cio)202411 65ACTUARY/ RECORD KEEPER$152,831
Pension Plan for Eligible Employees of Suburban Propane L.P. and Subsidiaries202451 52NONE$152,263
Middle River Aerostructure Systems Hourly Pension Plan202451INVESTMENT MGMT$147,816
Employees Annuity Plan - Products (se)pipe Line Corporation202411 17 50NONE$146,148
ITG Cigars, Inc. Retirement Plan202451 52NONE$144,770
Stanford Health Care Staff Pension Plan202427 50SERVICE PROVIDER$144,000
Foster Wheeler Inc. Pension Plan for Certain Employees202451 52FIDUCIARY$142,746
Pinnacle West Capital Corporation Retirement Plan202427 50NONE$142,622
Middle River Aerostructure Systems Salaried Pension Plan202451INVESTMENT MGMT$138,462
Farmland Dairy Consolidated Pension Plan202411 27 50 51 52ACTUARY, ADVISOR$137,411
Smith & Nephew U.S. Pension Plan202428 51 52NONE$136,438
Moog Inc. Employees' Retirement Plan202427 50INVESTMENT ADVISORY$133,323
Employees' Retirement Plan of Bank of Hawaii202451F$127,365
Duf6 Pension Plan for Grandfathered Employees202451 52FIDUCIARY$126,435
Resolute Fp US Pension Plan202416 50NONE$124,870
Afscme Employees Pension Plan202427 50NONE$121,364
Tropicana Products Defined Benefit Plan202428INVESTMENT ADVISOR$121,288
Retirement Plan for Employees of Bacardi Corporation202427 51 52FIDUCIARY$119,811
Nordson Corporation Hourly-Rated Employees Pension Plan202417$119,442
LAW Companies Group, Inc. Pension Plan202451 52FIDUCIARY$119,117
Tarkett Retirement Plan202451 52FIDUCIARY$118,277
Retirement Plan for Koppers Inc.202451NONE$110,649
Shure Incorporated Employees' Retirement Plan202428 50 51 52 70NONE KNOWN$109,952
Novelis Fairmont Hourly Pension Plan202428 51 52NONE$103,613
Koppers Inc. Retirement Plan202451NONE$99,917
Retirement Plan for Draper Employees202428 50 52NONE$96,374
Sheet Metal Workers' Local No. 33 Cleveland District Pension Plan202427NONE$95,349
Maine Public Service Company Pension Plan202451 52FIDUCIARY$90,763
National Cargo Bureau, Inc. Pension Plan202427 50 51NONE$89,235
Foster Wheeler Inc. Salaried Employees Pension Plan202451 52FIDUCIARY$84,063
Investors Bank Pension Plan202427 51NONE$83,340
Retirement Plan for Employees of Transdev North America Phoenix202451 52FIDUCIARY$81,205
Bechtel Plant Machinery, Inc. Pension Plan202427 50NONE$77,598
Non-Contributory Retirement Program for Certain Employees of Blue Cross and Blue Shield of Vermont202451INVESTMENT MGMT$76,247
Potlatchdeltic Retirement Plan202451 52NONE$75,000
Aleris Cash Balance Plan202451 52NONE$71,803
Employees' Retirement Plan of First Hawaiian, Inc.202428 51NONE$70,883
Oakwood Healthcare, Inc. Cash Balance Plan202427 50NONE$70,323
Non-Contributory Retirement Program for Certain Employees of National Account Service Company202451INVESTMENT$66,328
Pension Plan for Bargaining Employees of Evraz Rocky Mountain Steel202427NONE$63,021
Atalco LLC Hourly Employee Pension Plan202427 50INVESTMENT MANAGEMENT$60,000
Retirement Plan for Employees of Bacardi Bottling Corporation202427 51 52FIDUCIARY$58,854
Non-Contributory Retirement Program for Certain Employees of Blue Cross and Blue Shield of Nebraska202451INV MGMT$53,781
Novelis Warren Hourly Pension Plan202428 51 52NONE$51,638
Pacific Gas and Electric Company Retirement Plan202427 50NONE$51,359
Colonial Pipeline Company Retirement Plan202427 50 51 70FIDUCIARY$50,325
Sharp Corporation Retirement Plan202411 50ACTUARY$50,241
Snap-On Incorporated Retirement Plan for Hourly Employees202428 51NONE$47,250
United Hardware Distributing Co. Non-Union Employees' Pension Plan and Trust202428 50NONE$47,100
Sealy Retirement Plan202411 27ACTUARY$42,420
The Retirement Benefit Plan for Employees of Aes NY, L.L.C.202418 19 51FIDUCIARY$39,521
Blue Cross and Blue Shield of Minnesota Pension Plan202428 50 51NONE$37,500
Hussmann Pension Plan for Certain Participants With Frozen Benefits202428 50 52NONE$37,341
Nordson Corporation Salaried Employees Pension Plan202417$34,300
KAR Products Retirement Income Plan202428NONE$34,028
Non-Contributory Retirement Program for Certain Empl of Bcbs Wyoming202451INV MGMT$28,053
Shands Healthcare Pension Plan II202427NONE$24,755
Form ADV readings
  • charity clients 1,034 Aug 11, 2026 reported
  • institutional clients 1,346 Aug 11, 2026 reported
  • pension plan clients 312 Aug 11, 2026 reported
  • raum discretionary $220B Aug 11, 2026 reported
  • raum institutional $203B Aug 11, 2026 reported
  • raum total $226B Aug 11, 2026 reported
What changed