This allocator's name, 5 more advisers and 2 more dated events

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Corporate pension in Michigan

Corporate pension· Midland, Michigan

Corporate pension, based in Midland, Michigan, reporting $2.2B in assets, for 32,746 participants.

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

Assets
$2.2B
Funded ratio
85.1%
Fund commitments
1
Managers
1
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, Changed investment consultant to Evestment Alliance, LLC.

Capital path

who backs this record, through what, into what; each name opens its own path
Corporate pension in Michigan
Funds committed to
Managers
Size, funding, policy and commitments, with their basesCorporate pensionShow
Corporate pension
Assets
$2.2B
Total assets, Dec 31, 2024 reported
Funded
85.1%
Jan 1, 2024
Private markets target
no policy read
policy Dec 31, 2024
Commitments
1
1 manager on Schedule C
Allocation policy
Form 5500, as of Dec 31, 2024
Actual allocation lines without a target (as filed)
  • Interest-bearing cash 1.5%
  • Non-interest-bearing cash 4.6%
  • Corporate debt instruments (other) 10.5%
  • Corporate debt instruments (preferred) 0.6%
  • U.S. Government securities 27.3%
  • Partnership/joint venture interests 16.1%
  • Common/collective trusts 3.6%
  • Master trust investment accounts 29.7%
  • Registered investment companies 3.6%
  • Common stock 1.6%
  • Real estate (other than employer real property) 0.6%
Consultants and advisers
8 firms

+5 more consultants and advisers advise this allocator

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People
No investment staff or executives have been read for this allocator yet.
Manager roster
1 manager on the commitment tape
From the plan’s own commitment disclosures
From Schedule C (investment management, code 28)

+7 more Schedule C managers

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What changed
7 events
  • Dec 31, 2024Consultant changedinference
    with Evestment Alliance, LLCaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    with Blackrock Institutional Trust Co,naaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    with T Rowe Price Associates Incaskebsa.dol.gov
  • Jan 1, 2024Assets changed
    down $355Maskebsa.dol.gov
  • Dec 31, 2023Assets changed
    down $338Maskebsa.dol.gov

+2 more dated events

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Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Commitments
3 rows, 0 dated closings
DateFundManagerBucketAmountVintageStatusSource
as of Dec 31, 2024NT Collective Short Term Investmentcollective trustNorthern Trust Investments, Inc.Cash$79.2M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023NT Collective Short Term Investmentcollective trustNorthern Trust Investments, Inc.Cash$157M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022NT Collective Short Term Investmentcollective trustNorthern Trust Investments, Inc.Cash$130M heldDisclosed holdingaskebsa.dol.gov
Size and funding
33 readings
Total assets
$2.2B Dec 31, 2024 reported Form 5500
$2.4B (2023-12) · $2.7B (2022-12)
Plan assets
$2.3B Jan 1, 2024 reported Form 5500
$2.7B (2023-01) · $3.6B (2022-01)
Net assets
$2.1B Dec 31, 2024 reported Form 5500
$2.3B (2023-12) · $2.7B (2022-12)
Funded ratio
85.1% Jan 1, 2024 reported Form 5500
87.0% (2023-01) · 98.1% (2022-01)
Funding target
$2.5B Jan 1, 2024 reported Form 5500
$2.8B (2023-01) · $3.0B (2022-01)
Discount rate
5.07% Jan 1, 2024 reported Form 5500
5.20% (2023-01) · 5.35% (2022-01)
Participants
32,746 Jan 1, 2024 reported Form 5500
35,127 (2023-01) · 36,710 (2022-01)
Contributions
$0 Dec 31, 2024 reported Form 5500
$0 (2023-12) · $0 (2022-12)
Benefits paid
$202M Dec 31, 2024 reported Form 5500
$440M (2023-12) · $349M (2022-12)
Net investment income
-$191M Dec 31, 2024 reported Form 5500
-$305M (2023-12) · -$925M (2022-12)
Investment management fees
$3.2M Dec 31, 2024 reported Form 5500
$3.4M (2023-12) · $3.1M (2022-12)
Form 5500 filings
3 plan years
Plan yearParticipantsAssets (SB market)Funding targetFTAPTotal assets (H)Partnerships / JVMaster trustReal estate
2024 to Dec 31, 202432,746$2.3B$2.5B85.1%$2.2B$358M$661M$12.7M
2023 to Dec 31, 202335,127$2.7B$2.8B87.0%$2.4B$336M$726M$24.8M
2022 to Dec 31, 202236,710$3.6B$3.0B98.1%$2.7B$377M$839M$42.4M
Service providers and investment entities as filed (Schedule C and D, latest year first)

+140 more service providers

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Provenance
Identifiers: none on file
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

This record sits on 4 traced paths of capital across the graphs.

Consultant to allocator to manager

DFX traced 4 paths of capital through this record

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

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

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Record history

7 dated events on the change ledger, latest first
  • Funded status changed
    2023-01-01source
  • Consultant changed
    2024-12-31source
  • Manager relationship ended
    2024-12-31source

+4 more changes on this record's ledger

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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

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+19 connections on the graph

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