1 more adviser, 6 more managers, 29 more commitments and 3 more dated events

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Hess Corporation Employees' Pension Plan

Corporate pension· Houston, Texas

Corporate pension, based in Houston, Texas, reporting $1.9B in assets, for 6,467 participants.

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

Assets
$1.9B
Funded ratio
103.9%
Fund commitments
12
Managers
5
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, Morgan Stanley no longer appears on Hess Corporation Employees' Pension Plan's Schedule C as general consultant (plan year 2024 vs 2023).

Capital path

who backs this record, through what, into what; each name opens its own path
Hess Corporation Employees' Pension Plan
Funds committed to
All 12
Size, funding, policy and commitments, with their basesCorporate pensionShow
Corporate pension
Assets
$1.9B
Total assets, Dec 31, 2024 reported
Funded
103.9%
Jan 1, 2024
Private markets target
no policy read
policy Dec 31, 2024
Commitments
12
5 managers on Schedule C
Plan sponsor: Hess Corporation
Allocation policy
Form 5500, as of Dec 31, 2024
Actual allocation lines without a target (as filed)
  • Non-interest-bearing cash 0.0%
  • Corporate debt instruments (other) 20.5%
  • Corporate debt instruments (preferred) 0.6%
  • U.S. Government securities 21.2%
  • Other investments 0.5%
  • Partnership/joint venture interests 24.9%
  • 103-12 investment entities 8.3%
  • Common/collective trusts 2.8%
  • Pooled separate accounts 0.7%
  • Common stock 20.1%
  • Preferred stock 0.0%
Consultants and advisers
4 firms

+1 more consultant or adviser advise this allocator

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

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People
No investment staff or executives have been read for this allocator yet.
Manager roster
9 managers on the commitment tape
From the plan’s own commitment disclosures

+6 more managers received commitments

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From Schedule C (investment management, code 28)

+13 more Schedule C managers

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What changed
8 events
  • Dec 31, 2024Manager relationship endedinference
    Wedge Capital Management LLP no longer appears on Hess Corporation Employees' Pension Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Wedge Capitalaskebsa.dol.gov
  • Dec 31, 2024Consultant changedinference
    Morgan Stanley no longer appears on Hess Corporation Employees' Pension Plan's Schedule C as general consultant (plan year 2024 vs 2023)
    with Morgan Stanley Smith Barney, LLCaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    Timessquare Capital Management, LLC no longer appears on Hess Corporation Employees' Pension Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Timessquare Capital Management, LLCaskebsa.dol.gov
  • Dec 31, 2023Holding endedinference
    Hess Corporation Employees' Pension Plan no longer reports Emerging Markets Trust (last held $97M at 2022-12-31; absent from the 2023-12-31 filing)
    with Morgan Stanley Emerging Markets Fdaskebsa.dol.gov
  • Dec 31, 2023Holding endedinference
    Hess Corporation Employees' Pension Plan no longer reports Collective Russell 2000 Index Fund (Northern Trust Collective Eafe Inde) (last held $11M at 2022-12-31; absent from the 2023-12-31 filing)
    with Northern Trust Investments, Inc.askebsa.dol.gov

+3 more dated events

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Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Commitments
32 rows, 0 dated closings
DateFundManagerBucketAmountVintageStatusSource
as of Dec 31, 2024LSV International Equity Trust103 12 ieLSV Asset ManagementPublic equity$72.2M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024CF Wa Opportunistic US High Yield103 12 ieWestern Asset Mgmt Company, LLCHedge / diversifiers$1.0M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Western Asset Mbs Port103 12 ieWestern Asset Mgmt Company, LLCPooled vehicles$9.1M heldDisclosed holdingaskebsa.dol.gov

+29 more commitments

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

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Size and funding
33 readings
Total assets
$1.9B Dec 31, 2024 reported Form 5500
$1.9B (2023-12) · $2.0B (2022-12)
Plan assets
$1.9B Jan 1, 2024 reported Form 5500
$1.9B (2023-01) · $2.4B (2022-01)
Net assets
$1.9B Dec 31, 2024 reported Form 5500
$1.9B (2023-12) · $1.9B (2022-12)
Funded ratio
103.9% Jan 1, 2024 reported Form 5500
103.0% (2023-01) · 123.7% (2022-01)
Funding target
$1.2B Jan 1, 2024 reported Form 5500
$1.3B (2023-01) · $1.4B (2022-01)
Discount rate
5.20% Jan 1, 2024 reported Form 5500
5.36% (2023-01) · 5.51% (2022-01)
Participants
6,467 Jan 1, 2024 reported Form 5500
8,242 (2023-01) · 9,415 (2022-01)
Contributions
$0 Dec 31, 2024 reported Form 5500
$0 (2023-12) · $0 (2022-12)
Benefits paid
$67.0M Dec 31, 2024 reported Form 5500
$204M (2023-12) · $233M (2022-12)
Net investment income
-$18.3M Dec 31, 2024 reported Form 5500
-$40.0M (2023-12) · -$581M (2022-12)
Investment management fees
$5.0M Dec 31, 2024 reported Form 5500
$5.4M (2023-12) · $6.4M (2022-12)
Form 5500 filings
3 plan years
Plan yearParticipantsAssets (SB market)Funding targetFTAPTotal assets (H)Partnerships / JVMaster trustReal estate
2024 to Dec 31, 20246,467$1.9B$1.2B103.9%$1.9B$466MNot disclosedNot disclosed
2023 to Dec 31, 20238,242$1.9B$1.3B103.0%$1.9B$481MNot disclosedNot disclosed
2022 to Dec 31, 20229,415$2.4B$1.4B123.7%$2.0B$450MNot disclosedNot disclosed
Service providers and investment entities as filed (Schedule C and D, latest year first)

+83 more service providers

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Provenance
Identifiers: EIN-PN 134921002-333
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

Hess Corporation Employees' Pension Plan sits on 15 traced paths of capital across the graphs.

Consultant to allocator to managerAllocator commitments to a managerAllocator to credit manager to facility to borrower

DFX traced 15 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

8 dated events on the change ledger, latest first
  • Holding in a pooled vehicle ended
    2023-12-31source
  • Holding in a pooled vehicle ended
    2023-12-31source
  • Funded status changed
    2023-01-01source

+5 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

every published relationship on the graph

+23 connections on the graph

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