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.
OCIO
AON Investments USA Inc
Advisory clients on the tape
98
Schedule C, ACFR
Public-system clients
5
ACFR and seeds
ADV institutional clients
312
filed Mar 25, 2026
ADV institutional RAUM
$114B
pension, government, charity, insurance, sovereign
ADV discretionary RAUM
$118B
Item 5.F
Classification basis: Form ADV 5.G(6) pension consulting; institutional RAUM share 0.76; discretionary RAUM $118B. An OCIO holds discretion over at least $5B of institutional assets; a consultant advises.
Advisory clients
98 allocators
- Relx Inc. US Retirement Plan Pension consultantthrough Dec 31, 2025 Form 5500
- Masterbrand, Inc. Pension Plan Pension consultantthrough Dec 31, 2025 Form 5500
- Colorado Public Employees' Retirement Association General consultantthrough Dec 31, 2025 ACFR
- Michelin Retirement Plan General consultantthrough Oct 31, 2025 Form 5500
- Inglis House Retirement Plan Investment adviser (plan)through Jun 30, 2025 Form 5500
- Arkansas Teacher Retirement Plan General consultantthrough Jun 30, 2025 ACFR
- Teachers Retirement System of Lousiana General consultantthrough Jun 30, 2025 ACFR
- Teachers' Retirement System of Ok General consultantthrough Jun 30, 2025 ACFR
- Minnesota State Board of Investment General consultantthrough Jun 30, 2025 ACFR
- DR Pepper Snapple Group, Inc. Hourly Employees' Pension Plan Pension consultantthrough Dec 31, 2024 Form 5500
- Pension and Retirement Plan Pension consultantthrough Dec 31, 2024 Form 5500
- Alliant Energy Cash Balance Pension Plan Investment adviser (plan)through Dec 31, 2024 Form 5500
- Mattel Cash Balance Plan Investment adviser (plan)General consultantthrough Dec 31, 2024 Form 5500
- Nustar Pension Plan Pension consultantthrough Dec 31, 2024 Form 5500
- Bcom3 Cash Balance Plan Pension consultantInvestment adviser (plan)Actuarythrough Dec 31, 2024 Form 5500
- DR Pepper Snapple Group, Inc. Personal Pension Account Plan General consultantthrough Dec 31, 2024 Form 5500
- BAE Space & Mission Systems Pension Plan Investment adviser (plan)through Dec 31, 2024 Form 5500
- Securian Financial Group, Inc. Retirement Plan Investment adviser (plan)through Dec 31, 2024 Form 5500
- Penton Media, Inc. Retirement Plan Investment adviser (plan)through Nov 30, 2024 Form 5500
- Meritor, Inc. Retirement Plan Pension consultantthrough Sep 30, 2024 Form 5500
- Retirement Plan for Employees of Ben E. Keith Company and Its Affiliates Investment adviser (plan)General consultantthrough Jun 30, 2024 Form 5500
- Talen Montana Retirement Plan General consultantActuarythrough Apr 30, 2024 Form 5500
- Shamrock Foods Company Retirement Plan Investment adviser (plan)through Dec 31, 2023 Form 5500
- Tower Semiconductor Newport Beach, Inc. Retirement Plan for Hourly Employees Investment adviser (plan)Pension consultantthrough Dec 31, 2023 Form 5500
- BFI Retirement Plan Pension consultantthrough Dec 31, 2023 Form 5500
- Southeastern Ohio Regional Medical Center Pension Plan Investment adviser (plan)through Dec 31, 2023 Form 5500
- BAE Systems Land & Armaments Employees Pension Plan Investment adviser (plan)through Dec 31, 2023 Form 5500
- BAE Systems Employees' Retirement Plan Investment adviser (plan)through Dec 31, 2023 Form 5500
- Pension Agreement Between U.D.L.P. Ground Systems Division- York and United Steel Workers of America Local Union No. 7687 Investment adviser (plan)through Dec 31, 2023 Form 5500
- Sealed Air Corporation Combined Pension Plan Pension consultantthrough Dec 31, 2023 Form 5500
- First Data Corporation Retirement Plan Pension consultantthrough Dec 30, 2023 Form 5500
- H.B. Fuller Legacy Pension Plan Investment adviser (plan)through Nov 30, 2023 Form 5500
- Veritiv Hourly Pension Plan General consultantthrough Nov 30, 2023 Form 5500
- Retirement Plan of Transcontinental US LLC General consultantthrough Nov 30, 2023 Form 5500
- Veritiv Pension Plan General consultantthrough Nov 30, 2023 Form 5500
- DRS Sustainment Systems, Inc. Union Pension Plan Investment adviser (plan)through Sep 30, 2023 Form 5500
- Alex Lee, Inc. and Affiliates Pension Plan Investment adviser (plan)through Sep 30, 2023 Form 5500
- Bethesda Retirement Plan General consultantthrough Sep 30, 2023 Form 5500
- Idaho National Laboratory Employee Retirement Plan Investment adviser (plan)through Sep 30, 2023 Form 5500
- Visa Retirement Plan General consultantthrough Sep 30, 2023 Form 5500
- The Maryland State Education Association Pension Plan and Trust Investment adviser (plan)through Aug 31, 2023 Form 5500
- Lehigh Valley Health Network, Inc. Retirement Plan Pension consultantthrough Jun 30, 2023 Form 5500
- Piedmont Healthcare, Inc. Consolidated Retirement Plan General consultantthrough Jun 30, 2023 Form 5500
- Columbia Bank Retirement Plan Investment adviser (plan)through Jun 30, 2023 Form 5500
- Pennsylvania State Education Association Pension Plan Investment adviser (plan)through Jun 30, 2023 Form 5500
- Sheet Metal Workers' Local 100 Washington, D.C. Area Pension Fund Investment adviser (plan)through Mar 31, 2023 Form 5500
- Central Pension Fund of the Iuoe & Participating Employers Investment adviser (plan)through Jan 31, 2023 Form 5500
- Vencore, Inc. Pension Plan Pension consultantthrough Dec 31, 2022 Form 5500
- Dynegy Pension Plan Pension consultantthrough Dec 31, 2022 Form 5500
- Totalenergies Finance USA, Inc. Pension Plan Pension consultantthrough Dec 31, 2022 Form 5500
- Black Hills Retirement Plan General consultantthrough Dec 31, 2022 Form 5500
- The Tjx Companies, Inc Retirement Plan Pension consultantthrough Dec 31, 2022 Form 5500
- Swiss Re Group U.S. Employees' Pension Plan Investment adviser (plan)through Dec 31, 2022 Form 5500
- Operating Engineers Local 101 Pension Fund General consultantthrough Dec 31, 2022 Form 5500
- Pension Plan for Classified Employees of Gasco, Inc. Pension consultantthrough Dec 31, 2022 Form 5500
- Imtt-Illinois Union Pension Plan Pension consultantthrough Dec 31, 2022 Form 5500
- Sierra Retirement Plan Investment adviser (plan)through Dec 31, 2022 Form 5500
- Montefiore Medical Center Hsrp Retirement Plan General consultantthrough Dec 31, 2022 Form 5500
- Legacy Chrysler Financial Employee Pension Plan Pension consultantthrough Dec 31, 2022 Form 5500
- Ryder System, Inc. Retirement Plan Pension consultantthrough Dec 31, 2022 Form 5500
- Pension Plan for Employees of Drs Naval Power Systems, Inc. Investment adviser (plan)through Dec 31, 2022 Form 5500
- International-Matex Tank Terminals Pension Plan Pension consultantthrough Dec 31, 2022 Form 5500
- TD Securities USA Pension Plan Pension consultantthrough Dec 31, 2022 Form 5500
- Blue Cross and Blue Shield of Alabama Retirement Plan Pension consultantthrough Dec 31, 2022 Form 5500
- Retirement Plan for Employees of United Supermarkets, L.L.C. Pension consultantthrough Dec 31, 2022 Form 5500
- The Scotts Company LLC Associates' Pension Plan Pension consultantthrough Dec 31, 2022 Form 5500
- Thermo Fisher Scientific Inc. Retirement Plan Investment adviser (plan)through Dec 31, 2022 Form 5500
- Land O'Lakes, Inc. Employee Retirement Plan Investment adviser (plan)through Dec 31, 2022 Form 5500
- ANN & Robert H. Lurie Children's Hospital of Chicago Value Growth Plan Pension consultantthrough Dec 31, 2022 Form 5500
- Navy Federal Credit Union Employees' Retirement Plan Pension consultantthrough Dec 31, 2022 Form 5500
- Instant Brands Pension Plan Pension consultantthrough Dec 31, 2022 Form 5500
- Firstenergy Corp. Master Pension Plan Investment adviser (plan)through Dec 31, 2022 Form 5500
- Ingersoll Rand Industrial U.S., Inc. Pension Plan Investment adviser (plan)through Dec 31, 2022 Form 5500
- Southern California Gas Company Pension Plan General consultantthrough Dec 31, 2022 Form 5500
- Sempra Cash Balance Plan General consultantthrough Dec 31, 2022 Form 5500
- Resideo Technologies, Inc. Pension Plan General consultantthrough Dec 31, 2022 Form 5500
- SAN Diego Gas & Electric Company Cash Balance Plan General consultantthrough Dec 31, 2022 Form 5500
- Gatx Corporation Noncontributory Pension Plan for Hourly Employees Pension consultantthrough Dec 31, 2022 Form 5500
- The Burke Rehabilitation Hospital Retirement Plan Investment adviser (plan)through Dec 31, 2022 Form 5500
- Sirva Employees Retirement Plan Investment adviser (plan)through Dec 31, 2022 Form 5500
- Finra Employees Retirement Plan Investment adviser (plan)through Dec 31, 2022 Form 5500
- Allstate Retirement Plan Pension consultantthrough Dec 31, 2022 Form 5500
- American Electric Power System Retirement Plan General consultantthrough Dec 31, 2022 Form 5500
- Garrett Transportation I Inc. Pension Plan General consultantthrough Dec 31, 2022 Form 5500
- American International Group, Inc. Retirement Plan Investment adviser (plan)through Dec 31, 2022 Form 5500
- Firstgroup America, Inc. Pension Plan Pension consultantthrough Dec 31, 2022 Form 5500
- Cathay Pacific Airways Limited Pension Plan General consultantthrough Dec 31, 2022 Form 5500
- Revised Retirement Plan for Eligible Employees of the New York Stock Exchange & Subsidiary Companies Pension consultantthrough Dec 31, 2022 Form 5500
- Gatx Corporation Noncontributory Pension Plan for Salaried Employees Pension consultantthrough Dec 31, 2022 Form 5500
- Crawford & Company Retirement Plan Pension consultantthrough Dec 31, 2022 Form 5500
- Totalenergies Finance USA, Inc. Cash Balance Pension Plan Pension consultantthrough Dec 31, 2022 Form 5500
- Western Union International, Inc. Pension Plan General consultantthrough Dec 31, 2022 Form 5500
- United Launch Alliance Pension Plan for Hourly Employees of the Space Systems Group at Harlingen Pension consultantthrough Dec 31, 2022 Form 5500
- TD Banknorth Inc. Pension Plan Pension consultantthrough Dec 31, 2022 Form 5500
- Massmutual Pension Plan Investment adviser (plan)through Dec 31, 2022 Form 5500
- Energy Harbor Pension Plan for Collectively Bargained Employees General consultantthrough Dec 31, 2022 Form 5500
- DRS Consolidated Retirement Plan Investment adviser (plan)through Dec 31, 2022 Form 5500
- Vistra Retirement Plan General consultantthrough Dec 31, 2022 Form 5500
Other roles
10 allocators
- Pension Plan for Employees of Givaudan Trusteethrough Dec 31, 2024
- Chemtrade Chemicals Corporation Consolidated Pension Plan Actuarythrough Dec 31, 2023
- Eaglepicher Closed Defined Benefit Plan Actuarythrough Nov 30, 2023
- Accuride Consolidated Employee Pension Plan Actuarythrough Sep 30, 2023
- Talen Energy Retirement Plan Actuarythrough Jun 30, 2023
- Federation Employees' Retirement Income Plan Actuarythrough Dec 31, 2022
- Zurich American Insurance Company Retirement Account Plan Actuarythrough Dec 31, 2022
- National Cement Company of California, Inc. Pension Plan for Hourly Employees Actuarythrough Dec 31, 2022
- National Cement Company of Alabama Inc. Hourly Pension Plan Actuarythrough Dec 31, 2022
- National Cement Company Salaried Employees Retirement Plan Actuarythrough Dec 31, 2022
Schedule C rows
353 rows, $88.3M direct compensation as filed
Form ADV readings
- charity clients 8 Mar 25, 2026 reported
- government clients 32 Mar 25, 2026 reported
- institutional clients 312 Mar 25, 2026 reported
- pension plan clients 272 Mar 25, 2026 reported
- raum discretionary $118B Mar 25, 2026 reported
- raum institutional $114B Mar 25, 2026 reported
- raum total $151B Mar 25, 2026 reported
What changed
- AON Hewitt Investment Consulting no longer appears on Navy Federal Credit Union Employees' Retirement Plan's Schedule C as pension consultant (plan year 2025 vs 2024)with AON Investments USA Incaskebsa.dol.gov
- AON Investment appears on Wakefern Pension Plan's Schedule C as investment manager (plan year 2024 vs 2023)with AON Investments USA Incaskebsa.dol.gov
- Hewitt Ennis Knupp appears on Michelin Retirement Plan's Schedule C as general consultant (plan year 2024 vs 2023)with AON Investments USA Incaskebsa.dol.gov
- AON Investments USA Inc. appears on Inglis House Retirement Plan's Schedule C as investment adviser (plan) (plan year 2024 vs 2023)with AON Investments USA Incaskebsa.dol.gov
- AON Investments USA Inc appears on Retirement Plan for Employees of Pwc's Schedule C as investment manager (plan year 2024 vs 2023)with AON Investments USA Incaskebsa.dol.gov
- AON Investments USA, Inc. appears on The Aerospace Employees' Retirement Plan (aerp)'s Schedule C as investment manager (plan year 2024 vs 2023)with AON Investments USA Incaskebsa.dol.gov
- Hewitt Ennisknupp, Inc appears on The University of Chicago Retirement Income Plan's Schedule C as investment manager (plan year 2024 vs 2023)with AON Investments USA Incaskebsa.dol.gov
- AON Investments USA Inc. appears on Avon Products Inc Personal Retirement Account Plan's Schedule C as investment manager (plan year 2024 vs 2023)with AON Investments USA Incaskebsa.dol.gov
- AON Investment USA Inc. appears on Gchi Retirement Plan's Schedule C as investment manager (plan year 2024 vs 2023)with AON Investments USA Incaskebsa.dol.gov
- AON Investments USA Inc. appears on Comerica Incorporated Retirement Income Account Plan's Schedule C as investment manager (plan year 2024 vs 2023)with AON Investments USA Incaskebsa.dol.gov
- AON Hewitt Investment Consulting in no longer appears on Operating Engineers Local 101 Pension Fund's Schedule C as general consultant (plan year 2024 vs 2023)with AON Investments USA Incaskebsa.dol.gov
- AON Investments USA Inc appears on DR Pepper Snapple Group, Inc. Hourly Employees' Pension Plan's Schedule C as pension consultant (plan year 2024 vs 2023)with AON Investments USA Incaskebsa.dol.gov
- AON Investments Usa,inc. appears on Operating Engineers Local 101 Pension Fund's Schedule C as general consultant (plan year 2024 vs 2023)with AON Investments USA Incaskebsa.dol.gov
- AON Investments USA Inc. appears on Securian Financial Group, Inc. Retirement Plan's Schedule C as investment adviser (plan) (plan year 2024 vs 2023)with AON Investments USA Incaskebsa.dol.gov
- AON Investments USA Inc appears on DR Pepper Snapple Group, Inc. Personal Pension Account Plan's Schedule C as general consultant (plan year 2024 vs 2023)with AON Investments USA Incaskebsa.dol.gov
- Dec 31, 2024Manager relationship startedWaste Management Pension Plan for Collectively Bargained EmployeesAON Investments USA Inc appears on Waste Management Pension Plan for Collectively Bargained Employees's Schedule C as investment manager (plan year 2024 vs 2023)with AON Investments USA Incaskebsa.dol.gov
- AON Investment USA Inc. no longer appears on Allstate Retirement Plan's Schedule C as pension consultant (plan year 2024 vs 2023)with AON Investments USA Incaskebsa.dol.gov
- AON Investments USA Inc. appears on Amersham Health Inc. Puerto Rico Pension Plan's Schedule C as investment manager (plan year 2024 vs 2023)with AON Investments USA Incaskebsa.dol.gov
- Dec 31, 2023Manager relationship startedPension Agreement Between U.D.L.P. Ground Systems Division- York and United Steel Workers of America Local Union No. 7687AON Investents USA Inc. appears on Pension Agreement Between U.D.L.P. Ground Systems Division- York and United Steel Workers of America Local Union No. 7687's Schedule C as investment manager (plan year 2023 vs 2022)with AON Investments USA Incaskebsa.dol.gov
- AON Hewitt Investment Consulting no longer appears on Bethesda Retirement Plan's Schedule C as general consultant (plan year 2023 vs 2022)with AON Investments USA Incaskebsa.dol.gov
- Dec 31, 2023Manager relationship endedinferenceWoodside Energy USA Services Inc. Retirement Income PlanAON Hewitt Investment Consulting no longer appears on Woodside Energy USA Services Inc. Retirement Income Plan's Schedule C as investment manager (plan year 2023 vs 2022)with AON Investments USA Incaskebsa.dol.gov
- AON Investments USA Inc appears on BFI Retirement Plan's Schedule C as investment manager (plan year 2023 vs 2022)with AON Investments USA Incaskebsa.dol.gov
- AON Investments USA Inc appears on Southeastern Ohio Regional Medical Center Pension Plan's Schedule C as investment adviser (plan) (plan year 2023 vs 2022)with AON Investments USA Incaskebsa.dol.gov
- AON Hewitt Investment no longer appears on Sempra Cash Balance Plan's Schedule C as general consultant (plan year 2023 vs 2022)with AON Investments USA Incaskebsa.dol.gov
- AON Investments USA Inc. appears on American Electric Power System Retirement Plan's Schedule C as general consultant (plan year 2023 vs 2022)with AON Investments USA Incaskebsa.dol.gov
- AON Hewitt no longer appears on American Electric Power System Retirement Plan's Schedule C as general consultant (plan year 2023 vs 2022)with AON Investments USA Incaskebsa.dol.gov
- AON Investment USA appears on Alliant Energy Cash Balance Pension Plan's Schedule C as investment manager (plan year 2023 vs 2022)with AON Investments USA Incaskebsa.dol.gov
- AON Investments USA, Inc. no longer appears on Totalenergies Finance USA, Inc. Pension Plan's Schedule C as pension consultant (plan year 2023 vs 2022)with AON Investments USA Incaskebsa.dol.gov
- AON Investments USA, Inc. no longer appears on Totalenergies Finance USA, Inc. Cash Balance Pension Plan's Schedule C as pension consultant (plan year 2023 vs 2022)with AON Investments USA Incaskebsa.dol.gov
- AON Investment appears on Wisconsin Power & Light Co. Retirement Plan B's Schedule C as investment manager (plan year 2023 vs 2022)with AON Investments USA Incaskebsa.dol.gov
- AON Investments USA appears on IPL Retirement Plan for Bargaining Unit Ees's Schedule C as investment manager (plan year 2023 vs 2022)with AON Investments USA Incaskebsa.dol.gov
- AON Hewitt Investment Consulting no longer appears on Firstgroup America, Inc. Pension Plan's Schedule C as investment manager (plan year 2023 vs 2022)with AON Investments USA Incaskebsa.dol.gov
- AON Investments USA Inc appears on Shamrock Foods Company Retirement Plan's Schedule C as investment manager (plan year 2023 vs 2022)with AON Investments USA Incaskebsa.dol.gov