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Corporate pension in Michigan

Corporate pension· BAY City, Michigan

Corporate pension, based in BAY City, Michigan, reporting $51.8M in assets, for 463 participants.

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

As of 2025-09-30 · the latest dated event for this allocator; each figure carries its own filing or report date

Assets: $51.8M
Funded ratio: 125.2%
Fund commitments: 3
Managers: 2

Open searches Plans backing its top manager Similar plans, same strategy

Commitments (3)Allocation policy Managers

As of 2025-09-30 · 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: 30 Sep 2025, Total assets changed.

Capital path

who backs this record, through what, into what; each name opens its own path

Corporate pension in Michigan

Funds committed to

Principal Ldi Corporate 25 + Years1 commitment
Principal Ldi Corporate 5-15 Years1 commitment
Principal Ldi Corporate 15-25 Years1 commitment

Managers

Principal Global Investors LLC3 commitments

Size, funding, policy and commitments, with their basesCorporate pensionShow

Corporate pension

Assets

$51.8M

Total assets, Sep 30, 2025 reported

Funded

125.2%

Oct 1, 2024

Private markets target

no policy read

policy Sep 30, 2025

Commitments

2 managers on Schedule C

Plan sponsor: this allocator

Allocation policy

Form 5500, as of Sep 30, 2025

Actual allocation lines without a target (as filed)

Interest-bearing cash 7.7%
Common/collective trusts 74.8%
Registered investment companies 17.4%

Consultants and advisers

3 firms

Principal Trust Co. Trusteethrough Sep 30, 2025 Form 5500
Watkins Ross Actuarythrough Sep 30, 2023 Form 5500
Watkins Ross & Company Actuarythrough Sep 30, 2023 Form 5500

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

Principal Global Investors LLC3 rows, latest Sep 30, 2025

From Schedule C (investment management, code 28)

Principal Global Investors LLCplan years
Creative Planningplan years 2025

What changed

3 events

Sep 30, 2025Assets changed
$8.5Maskebsa.dol.gov
Oct 1, 2024Funded status changed
5 pointsaskebsa.dol.gov
Oct 1, 2024Assets changed
$10.2Maskebsa.dol.gov

Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.

Commitments

3 rows, 0 dated closings

Date	Fund	Manager	Bucket	Amount	Status	Source
as of Sep 30, 2025	Principal Ldi Corporate 25 + Yearscollective trust	Principal Global Investors LLC	Pooled vehicles	$10.6M held	Disclosed holding	askebsa.dol.gov
as of Sep 30, 2025	Principal Ldi Corporate 5-15 Yearscollective trust	Principal Global Investors LLC	Pooled vehicles	$4.2M held	Disclosed holding	askebsa.dol.gov
as of Sep 30, 2025	Principal Ldi Corporate 15-25 Yearscollective trust	Principal Global Investors LLC	Pooled vehicles	$23.9M held	Disclosed holding	askebsa.dol.gov

Size and funding

21 readings

Total assets

$51.8M Sep 30, 2025 reported Form 5500

$43.4M (2023-09)

Plan assets

$50.4M Oct 1, 2024 reported Form 5500

$40.2M (2022-10)

Net assets

$51.8M Sep 30, 2025 reported Form 5500

$43.2M (2023-09)

Funded ratio

125.2% Oct 1, 2024 reported Form 5500

120.0% (2022-10)

Funding target

$36.2M Oct 1, 2024 reported Form 5500

$36.9M (2022-10)

Discount rate

5.37% Oct 1, 2024 reported Form 5500

5.36% (2022-10)

Participants

463 Oct 1, 2024 reported Form 5500

482 (2022-10)

Contributions

$0 Sep 30, 2025 reported Form 5500

$682,546 (2023-09)

Benefits paid

$2.3M Sep 30, 2025 reported Form 5500

$2.1M (2023-09)

Net investment income

$1.4M Sep 30, 2025 reported Form 5500

$3.0M (2023-09)

Investment management fees

$308,500 Sep 30, 2023 reported Form 5500

Form 5500 filings

2 plan years

Plan year	Participants	Assets (SB market)	Funding target	FTAP	Total assets (H)	Partnerships / JV	Master trust	Real estate
2024 to Sep 30, 2025	463	$50.4M	$36.2M	125.2%	$51.8M	Not disclosed	Not disclosed	Not disclosed
2022 to Sep 30, 2023	482	$40.2M	$36.9M	120.0%	$43.4M	Not disclosed	Not disclosed	Not disclosed

Service providers and investment entities as filed (Schedule C and D, latest year first)

Tri-Star Trust Bank codes 26 50 $60,562 PY2024
Principal Costodial Solutions codes 21 50 $40,903 PY2024
Watkins, Ross & Co codes 11 50 $21,905 PY2024

+8 more service providers

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

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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.

Record history

3 dated events on the change ledger, latest first

Funded status changed
2024-10-01source
Total assets changed
2024-10-01source
Total assets changed
2025-09-30source

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

+6 connections on the graph

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