6 more advisers, 3 more managers, 22 more commitments and 3 more dated events

Every figure, date and source on this page is shown. The names behind them, and every related record, open with the complete profile.

Includes 3 days of DFX Intelligence. Then $249/month unless canceled.

Michelin Retirement Plan

Corporate pension· Greenville, South Carolina

Corporate pension, based in Greenville, South Carolina, reporting $2.1B in assets, for 18,855 participants.

Composed from this allocator's classification, location and filed figures.

Assets
$2.1B
Funded ratio
83.6%
Fund commitments
9
Managers
3
Open searchesPlans backing its top managerSimilar plans, same strategy
More
Commitments (9)Allocation policyConsultants
As of · the latest dated event for this allocator; each figure carries its own filing or report date

Nothing material in the last 90 days. Last change: 31 Dec 2024, The Townsend Group appears on Michelin Retirement Plan's Schedule C as pension consultant (plan year 2024 vs 2023).

Capital path

who backs this record, through what, into what; each name opens its own path
Michelin Retirement Plan
Funds committed to
All 9
Managers
All 6
Size, funding, policy and commitments, with their basesCorporate pensionShow
Corporate pension
Assets
$2.1B
Total assets, Oct 31, 2025 reported
Funded
83.6%
Nov 1, 2024
Private markets target
no policy read
policy Oct 31, 2025
Commitments
9
3 managers on Schedule C
Plan sponsor: Michelin North America, Inc
Allocation policy
Form 5500, as of Oct 31, 2025
Actual allocation lines without a target (as filed)
  • Interest-bearing cash 1.1%
  • Corporate debt instruments (other) 31.3%
  • U.S. Government securities 7.6%
  • Other investments 0.4%
  • Partnership/joint venture interests 1.9%
  • 103-12 investment entities 33.0%
  • Registered investment companies 6.3%
  • Common stock 7.8%
  • Preferred stock 0.1%
  • Real estate (other than employer real property) 7.3%
Consultants and advisers
9 firms

+6 more consultants and advisers advise this allocator

Every name, record and relationship behind this count, with the source on each.

Includes 3 days of DFX Intelligence. Then $249/month unless canceled.

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

+3 more managers received commitments

Every name, record and relationship behind this count, with the source on each.

Includes 3 days of DFX Intelligence. Then $249/month unless canceled.

From Schedule C (investment management, code 28)

+13 more Schedule C managers

Every name, record and relationship behind this count, with the source on each.

Includes 3 days of DFX Intelligence. Then $249/month unless canceled.

What changed
8 events
  • Dec 31, 2024Consultant changedinference
    The Townsend Group appears on Michelin Retirement Plan's Schedule C as pension consultant (plan year 2024 vs 2023)
    with The Townsend Groupaskebsa.dol.gov
  • Dec 31, 2024Consultant changedinference
    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
  • Nov 1, 2024Funded status changed
    Michelin Retirement Plan funded ratio 80.0% -> 83.6% (2023-11-01 to 2024-11-01)
    askebsa.dol.gov
  • Oct 31, 2024Holding endedinference
    Michelin Retirement Plan no longer reports Long Duration Corporate Credit Scre (Blackrock Long Duration Corporate) (last held $27M at 2023-10-31; absent from the 2024-10-31 filing)
    with Blackrock Institutional Trust Company, N.A.askebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    UBS Global Asset Management no longer appears on Michelin Retirement Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with UBS Global Asset Management (US)askebsa.dol.gov

+3 more dated events

Every name, record and relationship behind this count, with the source on each.

Includes 3 days of DFX Intelligence. Then $249/month unless canceled.

Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Commitments
25 rows, 0 dated closings
DateFundManagerBucketAmountVintageStatusSource
as of Oct 31, 2025Treasury US 15 Yr Key Rate Duration103 12 ieBlackrock Institutional TrustFixed income$32.3M heldDisclosed holdingaskebsa.dol.gov
as of Oct 31, 2025Treasury U.S. 5 Year Key Rate Durat103 12 ieBlackrock Institutional Trust Company, N.A.Fixed income$80.5M heldDisclosed holdingaskebsa.dol.gov
as of Oct 31, 2025Short-Term Investment Fund103 12 ieBlackrock Institutional Trust Company, N.A.Cash$537 heldDisclosed holdingaskebsa.dol.gov

+22 more commitments

Every fund and manager this allocator committed to, with the amount, date and source on each.

Includes 3 days of DFX Intelligence. Then $249/month unless canceled.

Size and funding
33 readings
Total assets
$2.1B Oct 31, 2025 reported Form 5500
$2.2B (2024-10) · $2.1B (2023-10)
Plan assets
$2.1B Nov 1, 2024 reported Form 5500
$2.0B (2023-11) · $2.2B (2022-11)
Net assets
$2.0B Oct 31, 2025 reported Form 5500
$2.1B (2024-10) · $2.0B (2023-10)
Funded ratio
83.6% Nov 1, 2024 reported Form 5500
80.0% (2023-11) · 91.5% (2022-11)
Funding target
$2.3B Nov 1, 2024 reported Form 5500
$2.4B (2023-11) · $2.4B (2022-11)
Discount rate
5.34% Nov 1, 2024 reported Form 5500
5.18% (2023-11) · 5.35% (2022-11)
Participants
18,855 Nov 1, 2024 reported Form 5500
19,397 (2023-11) · 20,278 (2022-11)
Contributions
$0 Oct 31, 2025 reported Form 5500
$50.0M (2024-10) · $0 (2023-10)
Benefits paid
$271M Oct 31, 2025 reported Form 5500
$199M (2024-10) · $241M (2023-10)
Net investment income
-$146M Oct 31, 2025 reported Form 5500
$137M (2024-10) · -$279M (2023-10)
Investment management fees
$4.5M Oct 31, 2025 reported Form 5500
$4.6M (2024-10) · $5.0M (2023-10)
Form 5500 filings
3 plan years
Plan yearParticipantsAssets (SB market)Funding targetFTAPTotal assets (H)Partnerships / JVMaster trustReal estate
2024 to Oct 31, 202518,855$2.1B$2.3B83.6%$2.1B$39.4MNot disclosed$150M
2023 to Oct 31, 202419,397$2.0B$2.4B80.0%$2.2B$48.0MNot disclosed$162M
2022 to Oct 31, 202320,278$2.2B$2.4B91.5%$2.1B$50.5MNot disclosed$188M
Service providers and investment entities as filed (Schedule C and D, latest year first)

+92 more service providers

Every name, record and relationship behind this count, with the source on each.

Includes 3 days of DFX Intelligence. Then $249/month unless canceled.

Provenance
Identifiers: EIN-PN 111724631-010
Cross-graph: no entry on another DFX graph
First observed Sep 15, 2026, last observed Sep 29, 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.
Capital chain

Michelin Retirement Plan sits on 25 traced paths of capital across the graphs.

Consultant to allocator to manager

DFX traced 25 paths of capital through this record

Every record on each path, what it committed or lent, and as of when.

Includes 3 days of DFX Intelligence. Then $299/month unless canceled.

Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.

Checking your plan…

Record history

8 dated events on the change ledger, latest first
  • Holding in a pooled vehicle ended
    2024-10-31source
  • Funded status changed
    2023-11-01source
  • Funded status changed
    2024-11-01source

+5 more changes on this record's ledger

Includes 3 days of DFX Intelligence. Then $249/month unless canceled.

The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.

›Connections

every published relationship on the graph

+26 connections on the graph

Includes 3 days of DFX Intelligence. Then $249/month unless canceled.

Ask DFX