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AllocatorsPlancorporate pension100m-1b

The Burger King Retirement Plan

Allocators

Miami, FL

This is the graph view. The full profile, with its team, deals and sources, is on Allocators.Open the full profile →

Search this name across graphsid dfx:al:db58ecf9-db9c-4965-87bc-a3720df7cd1d

Data as of Sep 15, 2026 (this record's last observation) from Government tapes; SEC filings; What the plans publish; Pending. Page built Sep 19, 2026, 1:09 PM UTC and rebuilt at most every 15 minutes.

Relationships: 6
Dated events: 13
On other graphs: 0
Observed: Sep 15, 2026 to Sep 15, 2026

Across DFX

This entity has not been resolved onto another DFX graph by a shared identifier. A name match elsewhere would be a candidate, never an identity, and none is recorded.

Facts

fact = as filed or announced; derived = computed by DFX; estimate = a band, never a point

Total assets: $121Mlatest reading; see basis
Assets as of: Dec 31, 2024
Assets basis: REPORTED
Funded ratio: 86%
Participants: 1,093
Commitments: 13with an amount; holdings are counted apart
Managers: 2
Funds: 8
Re-ups: 0
First-time managers: 0
Latest commitment: Dec 31, 2024
Consultants: 1
Private markets target, %: 0latest policy, percent of assets
Private equity target, %: 0latest policy, percent of assets
Latest policy: Dec 31, 2024
People: 0

Holdings (a value, never a commitment)

a Schedule D plan interest or a 990-PF other investment: a value on a date, never an approval

Vehicle	Manager	Bucket	Value	As of	Kind	Source
Ishares 5-10y Inv Grade Corp	n/a	Pooled vehicle	$18.9M	Dec 31, 2023	Collective trust	Dol form 5500 pension
Ishares 5-10y Inv Grade Corp	n/a	Pooled vehicle	$18.0M	Dec 31, 2024	Collective trust	Dol form 5500 pension
Ishares 1-5y Inv Grade Corp	n/a	Pooled vehicle	$12.6M	Dec 31, 2023	Collective trust	Dol form 5500 pension
Ishares 10+ Year Inv Grade Corp	n/a	Pooled vehicle	$12.5M	Dec 31, 2023	Collective trust	Dol form 5500 pension
Ishares Core 10+ Year Usd Bo	n/a	Pooled vehicle	$12.5M	Dec 31, 2023	Collective trust	Dol form 5500 pension
US High Yield Bond Index	n/a	Fixed income	$12.2M	Dec 31, 2022	Collective trust	Dol form 5500 pension
Ishares 1-5y Inv Grade Corp	n/a	Pooled vehicle	$12.2M	Dec 31, 2024	Collective trust	Dol form 5500 pension
Ishares 10+ Year Inv Grade Corp	n/a	Pooled vehicle	$11.6M	Dec 31, 2024	Collective trust	Dol form 5500 pension
Ishares Core 10+ Year Usd Bo	n/a	Pooled vehicle	$11.6M	Dec 31, 2024	Collective trust	Dol form 5500 pension
Russell Small/mid Cap Indx Nl Sf	State Street - Russell 2000	Pooled vehicle	$7.2M	Dec 31, 2022	Collective trust	Dol form 5500 pension
Ishares 10-20 Year Treasury	n/a	Fixed income	$6.3M	Dec 31, 2023	Collective trust	Dol form 5500 pension
Tuckerman Glbl Real Est Sec Indx Nl	State Street Global Advisors Trust	Pooled vehicle	$5.9M	Dec 31, 2022	Collective trust	Dol form 5500 pension
Ishares 10-20 Year Treasury	n/a	Fixed income	$5.8M	Dec 31, 2024	Collective trust	Dol form 5500 pension

Policy targets, latest period

the latest period this plan published, every item quoted from its own report; a target is never an actual; 8 rows folded into 2

Bucket	Target %	Range low	Range high	Actual %	Actual	Period end	Basis
Common/collective trusts	n/a	n/a	n/a	51	$61.3M	Dec 31, 2024	Derived
Registered investment companies	n/a	n/a	n/a	48	$58.3M	Dec 31, 2024	Derived

Consultants

Form 5500 Schedule C, Form ADV and the plan's own reports; a Schedule C relationship is current for 24 months after the plan year end

Consultant	Role	From	To	Current	Evidence	Source
Merrill Lynch,pierce,fenner & Smith	General consultant	Jan 1, 2024	Dec 31, 2024	no	fact	Dol form 5500 pension
AON Hewitt Investment Consulting, I	General consultant	Jan 1, 2022	Dec 31, 2022	no	fact	Dol form 5500 pension
Bank of New York Mellon	trustee	Jan 1, 2022	Dec 31, 2022	no	fact	Dol form 5500 pension
Milliman, Inc.	actuary	Jan 1, 2022	Dec 31, 2022	no	fact	Dol form 5500 pension

Managers

managers this plan names on Schedule C or in its reports; a manager here is a reference node keyed to the private equity, venture and real estate fund graphs, never a new identity

Manager	Mandate	From	To	Current	Evidence
State Street Bank & Trust Company	Investment management	Jan 1, 2022	Dec 31, 2022	no	fact

Relationships

Sponsors (1)

← Burger King CorporationPlan sponsorPlan sponsor
Jan 1, 2022 to presentfactForm 5500

Advised by (4)

→ AON Hewitt Investment Consulting, IManager with allocator capitalGeneral consultant
Jan 1, 2022 to Dec 31, 2022factForm 5500
→ Bank of New York MellonInvestment consultanttrustee
Jan 1, 2022 to Dec 31, 2022factForm 5500
→ Milliman, Inc.Investment consultantactuary
Jan 1, 2022 to Dec 31, 2022factForm 5500
→ Merrill Lynch,pierce,fenner & SmithManager with allocator capitalGeneral consultant
Jan 1, 2024 to Dec 31, 2024factForm 5500

Manages for (1)

← State Street Bank & Trust CompanyInvestment consultantInvestment management
Jan 1, 2022 to Dec 31, 2022factForm 5500

Dated events

3 bookkeeping events (roster, classification and holdings changes) folded below

Occurred
Dec 31, 2024
Consultant changed
Merrill Lynch appears on The Burger King Retirement Plan's Schedule C as general consultant (plan year 2024 vs 2023)
Merrill Lynch,pierce,fenner & Smith Form 5500observed 4 days ago
Occurred
Dec 31, 2024
Manager relationship ended
State Street Bank and Trust no longer appears on The Burger King Retirement Plan's Schedule C as investment manager (plan year 2024 vs 2023)
State Street Bank & Trust Company Form 5500observed 4 days ago
Occurred
Dec 31, 2023
Holding in a pooled vehicle started
The Burger King Retirement Plan first reports an interest in Ishares 10+ Year Inv Grade Corp: $13M at 2023-12-31
Ishares 10+ Year Inv Grade Corp Form 5500observed 3 days ago
$12.5M
Occurred
Dec 31, 2023
Holding in a pooled vehicle started
The Burger King Retirement Plan first reports an interest in Ishares 10-20 Year Treasury: $6M at 2023-12-31
Ishares 10-20 Year Treasury Form 5500observed 3 days ago
$6.3M
Occurred
Dec 31, 2023
Holding in a pooled vehicle started
The Burger King Retirement Plan first reports an interest in Ishares Core 10+ Year Usd Bo: $13M at 2023-12-31
Ishares Core 10+ Year Usd Bo Form 5500observed 3 days ago
$12.5M
Occurred
Dec 31, 2023
Holding in a pooled vehicle ended
The Burger King Retirement Plan no longer reports Tuckerman Glbl Real Est Sec Indx Nl (State Street Global Advisors Trust) (last held $6M at 2022-12-31; absent from the 2023-12-31 filing)
State Street Global Advisors Trust Form 5500observed 3 days ago
$5.9M
Occurred
Dec 31, 2023
Holding in a pooled vehicle ended
The Burger King Retirement Plan no longer reports US High Yield Bond Index (last held $12M at 2022-12-31; absent from the 2023-12-31 filing)
US High Yield Bond Index Form 5500observed 3 days ago
$12.2M
Occurred
Dec 31, 2023
Holding in a pooled vehicle started
The Burger King Retirement Plan first reports an interest in Ishares 5-10y Inv Grade Corp: $19M at 2023-12-31
Ishares 5-10y Inv Grade Corp Form 5500observed 3 days ago
$18.9M
Occurred
Dec 31, 2023
Holding in a pooled vehicle ended
The Burger King Retirement Plan no longer reports Russell Small/mid Cap Indx Nl Sf (State Street - Russell 2000) (last held $7M at 2022-12-31; absent from the 2023-12-31 filing)
State Street - Russell 2000 Form 5500observed 3 days ago
$7.2M
Occurred
Dec 31, 2023
Holding in a pooled vehicle started
The Burger King Retirement Plan first reports an interest in Ishares 1-5y Inv Grade Corp: $13M at 2023-12-31
Ishares 1-5y Inv Grade Corp Form 5500observed 3 days ago
$12.6M

Show 3 bookkeeping events

Occurred
Jan 1, 2024
The Burger King Retirement Plan funded ratio 79.5% -> 86.3% (2023-01-01 to 2024-01-01)
Occurred
Jan 1, 2023
The Burger King Retirement Plan plan assets $155M -> $115M (-25.7%, 2022-01-01 to 2023-01-01)
Occurred
Jan 1, 2023
The Burger King Retirement Plan funded ratio 102.5% -> 79.5% (2022-01-01 to 2023-01-01)

Provenance

Graph: Allocators
Canonical id: dfx:al:db58ecf9-db9c-4965-87bc-a3720df7cd1d
First observed: Sep 15, 2026
Last observed: Sep 15, 2026 3 days ago
Resolution: Identity across graphs by shared identifier (CRD, CIK, EIN, ADV fund id, individual CRD) or citation; a name match is shown as a candidate and never merged.

The Burger King Retirement Plan

Allocators

Miami, FL

This is the graph view. The full profile, with its team, deals and sources, is on Allocators.Open the full profile →

Search this name across graphsid dfx:al:db58ecf9-db9c-4965-87bc-a3720df7cd1d

Vehicle

Manager

Bucket

Value

As of

Kind

Source

Ishares 5-10y Inv Grade Corp

n/a

Pooled vehicle

$18.9M

Dec 31, 2023

Collective trust

Dol form 5500 pension

Ishares 5-10y Inv Grade Corp

n/a

Pooled vehicle

$18.0M

Dec 31, 2024

Collective trust

Dol form 5500 pension

Ishares 1-5y Inv Grade Corp

n/a

Pooled vehicle

$12.6M

Dec 31, 2023

Collective trust

Dol form 5500 pension

Ishares 10+ Year Inv Grade Corp

n/a

Pooled vehicle

$12.5M

Dec 31, 2023

Collective trust

Dol form 5500 pension

Ishares Core 10+ Year Usd Bo

n/a

Pooled vehicle

$12.5M

Dec 31, 2023

Collective trust

Dol form 5500 pension

US High Yield Bond Index

n/a

Fixed income

$12.2M

Dec 31, 2022

Collective trust

Dol form 5500 pension

Ishares 1-5y Inv Grade Corp

n/a

Pooled vehicle

$12.2M

Dec 31, 2024

Collective trust

Dol form 5500 pension

Ishares 10+ Year Inv Grade Corp

n/a

Pooled vehicle

$11.6M

Dec 31, 2024

Collective trust

Dol form 5500 pension

Ishares Core 10+ Year Usd Bo

n/a

Pooled vehicle

$11.6M

Dec 31, 2024

Collective trust

Dol form 5500 pension

Russell Small/mid Cap Indx Nl Sf

State Street - Russell 2000

Pooled vehicle

$7.2M

Dec 31, 2022

Collective trust

Dol form 5500 pension

Ishares 10-20 Year Treasury

n/a

Fixed income

$6.3M

Dec 31, 2023

Collective trust

Dol form 5500 pension

Tuckerman Glbl Real Est Sec Indx Nl

State Street Global Advisors Trust

Pooled vehicle

$5.9M

Dec 31, 2022

Collective trust

Dol form 5500 pension

Ishares 10-20 Year Treasury

n/a

Fixed income

$5.8M

Dec 31, 2024

Collective trust

Dol form 5500 pension

Bucket

Target %

Range low

Range high

Actual %

Actual

Period end

Basis

Common/collective trusts

n/a

$61.3M

Dec 31, 2024

Derived

Registered investment companies

n/a

$58.3M

Dec 31, 2024

Derived

Consultant

Role

From

Current

Evidence

Source

Merrill Lynch,pierce,fenner & Smith

General consultant

Jan 1, 2024

Dec 31, 2024

fact

Dol form 5500 pension

AON Hewitt Investment Consulting, I

General consultant

Jan 1, 2022

Dec 31, 2022

fact

Dol form 5500 pension

Bank of New York Mellon

trustee

Jan 1, 2022

Dec 31, 2022

fact

Dol form 5500 pension

Milliman, Inc.

actuary

Jan 1, 2022

Dec 31, 2022

fact

Dol form 5500 pension

Manager

Mandate

From

Current

Evidence

State Street Bank & Trust Company

Investment management

Jan 1, 2022

Dec 31, 2022

fact