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Original filing (PDF)20251008093014NAL0009466912001
THE DOW CHEMICAL COMPANY
Form 5500
FILING_RECEIVED
DOW EMPLOYEES' PENSION PLAN
Defined-benefit pension plan
Signals · 3
88% in single holdingNo recordkeeper disclosed24 service providers
Active participants
6,414
Accounts w/ balance
—
Plan assets (EOY)
$10.9B
Net assets (EOY)
$10.7B
How this plan invests
This plan
23 pooled trusts
Schedule D
46 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
84
/ 100
Grade B
Above-average plan
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
75
Total plan cost
65
Vendor stack
80
Participation health
100
Knocking points off
- Top holding "Account Name DOW EMPLOYEES PENSION Historical Cost 1,005,466,578." is 88% of plan.
- 16 bps in Schedule C fees — 210% above peer band of 5 bps.
- No recordkeeper disclosed on Schedule C.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for THE DOW CHEMICAL COMPANY.
Plan sponsor
Name
THE DOW CHEMICAL COMPANY
EIN
38-1285128
Address
2211 H.H. DOW WAY · MIDLAND, MI · 48674
Phone
(989) 638-5773
Industry
Manufacturingsee all
Plan administrator
Name
THE DOW CHEMICAL COMPANY
EIN
38-1285128
City
MIDLAND, MI
Phone
(989) 638-7140
Plan characteristics
Plan number
001
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-08
Pension benefit codes
1A · Pay-related DB formula
1B · Flat-dollar DB formula
1C · Cash balance or similar hybrid DB
1E · Section 401(h) arrangement
3F · Sponsor used leased employees
3H · Sponsor in controlled / affiliated group
Audit & trust (Schedule H)
Auditor
BDO USA, P.C.
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
24 rowsCustodian
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| THE NORTHERN TRUST COMPANY | 36-1561860 | — | CUSTODIAN | $1.8M | — |
TPA / Administrator
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| THE DOW CHEMICAL COMPANY | 38-1285128 | — | PLAN ADMINISTRATOR | $1.1M | — |
Accountant / Auditor
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| BDO USA, P.C. | 13-5381590 | — | ACCOUNTANT | $388K | — |
Other
21| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| WILLIS TOWERS WATSON | 53-0181291 | — | NONE KNOWN | $5.8M | — |
| NEUBERGER BERMAN INVESTMENT ADVISER | 02-0654486 | — | NONE KNOWN | $2.1M | — |
| NISA INVESTMENT ADVISORS LLC | 48-1140940 | — | NONE KNOWN | $1.7M | — |
| ADENZA, INC. | 94-3277822 | — | NONE KNOWN | $758K | — |
| COVINGTON & BURLING LLP | 53-0188411 | — | NONE KNOWN | $640K | — |
| GOLDMAN SACHS ASSET MANAGEMENT, LP | 13-3575636 | — | NONE KNOWN | $627K | — |
| RAMIREZ ASSET MANAGEMENT | 13-4006232 | — | NONE KNOWN | $443K | — |
| BLOOMBERG FINANCE L.P. | 13-3417984 | — | NONE KNOWN | $406K | — |
| MCUBE INVESTMENT TECHNOLOGIES LLC | 37-1439558 | — | NONE KNOWN | $338K | — |
| INSIGHT NORTH AMERICA LLC | 82-0983489 | — | NONE KONWN | $270K | — |
| PIMCO | 33-0629048 | — | NONE KNOWN | $255K | — |
| BURGISS GROUP LLC | 22-3693659 | — | NONE KNOWN | $136K | — |
| ALPHAENGINE GLOBAL INVESTMENT | 61-1527582 | — | NONE KNOWN | $75K | — |
| EVESTMENT ALLIANCE LLC | 90-0905513 | — | NONE KNOWN | $70K | — |
| R.R. DONNELLEY AND SONS COMPANY | 36-1004130 | — | NONE KNOWN | $59K | — |
| TRIOPTIMA | — | — | NONE KNOWN | $33K | — |
| MARKIT GROUP | 05-0004115 | — | NONE KNOWN | $27K | — |
| TRADEWEB LLC | 13-3932439 | — | NONE KNOWN | $15K | — |
| CIEBA | 47-5104757 | — | NONE KNOWN | $15K | — |
| THE BERWYN GROUP | 34-1672337 | — | NONE KNOWN | $10K | — |
| T ROWE PRICE ASSOCIATES INC. | 52-0556948 | — | NONE KNOWN | $7K | — |
Investments
46 direct securities · 23 pooled funds· $5.3B(49% of reported assets)
Rows tagged as a trust or pooled fund hold many underlying securities. Click one to drill into its own Schedule of Assets — where the individual funds, shares, and CUSIPs live.
Master Trust
$4.8B
22 holdings
Common Collective Trust
$352.3M
1 holding
Uncategorized
$211.4M
46 holdings
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| DRGT OPPORTUNISTIC FI THE DOW CHEMICAL COMPANY · EIN 38-1285128 / PN 028 | Master Trust | — | — | $1.1B | 9.8% | |
| DRGT INT'L DEVELOPED EQUITY THE DOW CHEMICAL COMPANY · EIN 38-1285128 / PN 023 | Master Trust | — | — | $782.7M | 7.2% | |
| DRGT US LCE(PASSIVE) THE DOW CHEMICAL COMPANY · EIN 38-1285128 / PN 020 | Master Trust | — | — | $542.7M | 5.0% | |
| DRGT US LONG GOV/CREDIT FI THE DOW CHEMICAL COMPANY · EIN 38-1285128 / PN 017 | Master Trust | — | — | $491.9M | 4.5% | |
| DRGT GLOBAL EQUITY THE DOW CHEMICAL COMPANY · EIN 38-1285128 / PN 024 | Master Trust | — | — | $474.2M | 4.3% | |
| DRGT REAL ESTATE CORE OE THE DOW CHEMICAL COMPANY · EIN 38-1285128 / PN 030 | Master Trust | — | — | $443.3M | 4.1% | |
| NT COLLECTIVE SHORT TERM INVT FD NORTHERN TRUST INVESTMENTS, INC. · EIN 45-6138589 / PN 084 | Common Collective Trust | — | — | $352.3M | 3.2% | |
| DRGT EMERGING MRKT EQTY THE DOW CHEMICAL COMPANY · EIN 38-1285128 / PN 025 | Master Trust | — | — | $283.7M | 2.6% | |
| DRGT ABSOLUTE RETURN THE DOW CHEMICAL COMPANY · EIN 38-1285128 / PN 027 | Master Trust | — | — | $258.9M | 2.4% | |
| DRGT US LARGE CAP EQTY THE DOW CHEMICAL COMPANY · EIN 38-1285128 / PN 019 | Master Trust | — | — | $223.2M | 2.0% | |
| Account Name DOW EMPLOYEES PENSION Historical Cost 1,005,466,578. | — | — | $1.0B | $185.0M | 1.7% | |
| DRGT TACTICAL FIXED INCOME THE DOW CHEMICAL COMPANY · EIN 38-1285128 / PN 016 | Master Trust | — | — | $121.7M | 1.1% | |
| DRGT EMERGING MARKET EQUITY PASSIVE THE DOW CHEMICAL COMPANY · EIN 38-1285128 / PN 026 | Master Trust | — | — | $40.4M | 0.4% | |
| DRGT REAL ESTATE NON-CORE THE DOW CHEMICAL COMPANY · EIN 38-1285128 / PN 031 | Master Trust | — | — | $32.7M | 0.3% | |
| Disposition Price Transaction Aggregate | — | — | $375.4M | $10.0M | <0.1% | |
| DRGT REINSURANCE THE DOW CHEMICAL COMPANY · EIN 38-1285128 / PN 038 | Master Trust | — | — | $9.1M | <0.1% | |
| 23 May 24 17 Dec 2417 Dec 24 10 Dec 24 5,497,909.8901,032,500.000 | — | — | $978K | $2.8M | <0.1% | |
| Account number DEPP -6,289,984.58-5,961,505.05-1,330,608.601,531,236.98-3,850,470.003,013,860.003,139,551.032,975,455.21-9,114,000.009,114,000.001,102,203.733,646,829. | — | — | $645K | $2.3M | <0.1% | |
| Net Gain/Loss Page 236 of 730 Account number DEPP | — | — | $120K | $963K | <0.1% | |
| Account number DEPP | — | — | — | $958K | <0.1% | |
| Historical Cost Generated by Northern Trust from reviewed periodic data on 26 Mar 25 397,708.100280,000.000160,000.000550,000.000400,000.000 | — | — | $70K | $905K | <0.1% | |
| 22 May 2423 May 24 13,127.000 | — | — | $13K | $847K | <0.1% | |
| DRGT CONVERTIBLES THE DOW CHEMICAL COMPANY · EIN 38-1285128 / PN 018 | Master Trust | — | — | $778K | <0.1% | |
| Historical Cost Generated by Northern Trust from reviewed periodic data on 26 Mar 25 765,000.000 | — | — | $35K | $675K | <0.1% | |
| Historical Cost Generated by Northern Trust from reviewed periodic data on 26 Mar 25 700,000.000300,000.000289,562.060300,000.000119,000.000960,000.000 | — | — | $75K | $612K | <0.1% | |
| 27 Nov 24 11 Dec 24 | — | — | — | $601K | <0.1% | |
| Account number DEPP | — | — | $539K | $594K | <0.1% | |
| Account number DEPP | — | — | — | $576K | <0.1% | |
| Account number DEPP | — | — | — | $540K | <0.1% | |
| Historical Cost Generated by Northern Trust from reviewed periodic data on 26 Mar 25 400,000.000 | — | — | $7K | $520K | <0.1% | |
| Historical Cost Generated by Northern Trust from reviewed periodic data on 26 Mar 25 300,000.000358,000.000400,000.000400,000.000300,000.000340,000.000400,000.000 697,000.000300,000.000600,000.000 | — | — | — | $510K | <0.1% | |
| Net Gain/Loss Page 226 of 730 Account number DEPP 11,508.19 576,112.49 -32,938.8491,463.69 | — | — | — | $483K | <0.1% | |
| Historical Cost Generated by Northern Trust from reviewed periodic data on 26 Mar 25 300,000.000404,000.000 | — | — | $75K | $405K | <0.1% | |
| Account number DEPP | — | — | $6K | $364K | <0.1% | |
| Historical Cost Generated by Northern Trust from reviewed periodic data on 26 Mar 25 471,000.000500,000.000585,000.000250,000.000 | — | — | $25K | $300K | <0.1% | |
| DRGT LEGACY RH INFRASTRUCTURE THE DOW CHEMICAL COMPANY · EIN 38-1285128 / PN 029 | Master Trust | — | — | $244K | <0.1% | |
| Account number DEPP | — | — | $124K | $209K | <0.1% | |
| Generated by Northern Trust from reviewed periodic data on 26 Mar 25 -100,000.000 | — | — | $100K | $100K | <0.1% | |
| Account number DEPP | — | — | — | $94K | <0.1% | |
| Net Gain/Loss Page 240 of 730 Account number DEPP | — | — | $6K | $87K | <0.1% | |
| Account number DEPP | — | — | — | $87K | <0.1% | |
| Net Gain/Loss Page 233 of 730 Account number DEPP | — | — | $628K | $86K | <0.1% | |
| Historical Cost Generated by Northern Trust from reviewed periodic data on 26 Mar 25 250,000.000 | — | — | $250K | $85K | <0.1% | |
| Historical Cost Generated by Northern Trust from reviewed periodic data on 26 Mar 25 575,000.000 | — | — | $575K | $80K | <0.1% | |
| Historical Cost Generated by Northern Trust from reviewed periodic data on 26 Mar 25 125,000.000400,000.000140,000.000624,000.000 | — | — | — | $75K | <0.1% | |
| 18 Sep 2420 Mar 2421 May 24 22 May 24 9,058.000 | — | — | $9K | $72K | <0.1% | |
| Historical Cost Generated by Northern Trust from reviewed periodic data on 26 Mar | — | — | $780K | $70K | <0.1% | |
| Historical Cost Generated by Northern Trust from reviewed periodic data on 26 Mar 25 595,000.000 | — | — | $25K | $69K | <0.1% | |
| DRGT INTERNATIONAL SMALL CAP THE DOW CHEMICAL COMPANY · EIN 38-1285128 / PN 039 | Master Trust | — | — | $58K | <0.1% | |
| 10 Dec 24 -118,507.000-11,508.190-22,610.400 | — | — | $23K | $50K | <0.1% | |
| Net Gain/Loss Page 238 of 730 Account number DEPP | — | — | $23K | $50K | <0.1% | |
| Historical Cost Generated by Northern Trust from reviewed periodic data on 26 Mar 25 574,000.000110,000.000 | — | — | $600K | $45K | <0.1% | |
| Net Gain/Loss Page 228 of 730 Account number DEPP | — | — | $84K | $23K | <0.1% | |
| 21 May 24 641,958.000 | — | — | $78K | $22K | <0.1% | |
| DRGT US SM/MID CAP EQUITY THE DOW CHEMICAL COMPANY · EIN 38-1285128 / PN 021 | Master Trust | — | — | $22K | <0.1% | |
| Shares/Par Value 3.256% 05-15-20603.706% 05-15-21204.563% DUE | — | — | $21K | $21K | <0.1% | |
| 1.375% 11-15-20402.125% 02-15-20542.875% DUE | — | — | $20K | $21K | <0.1% | |
| Shares/Par Value 11-15-2053 | — | — | — | $20K | <0.1% | |
| Shares/Par Value 02-15-204502-15-204702-15-2054 | — | — | — | $20K | <0.1% | |
| Shares/Par Value 3.025% 07-09-20403.175% 07-09- | — | — | — | $20K | <0.1% | |
| Shares/Par Value 06-01-20346.65% 02-01- | — | — | — | $20K | <0.1% | |
| Historical Cost Generated by Northern Trust from reviewed periodic data on 26 Mar 25 642,667.730 | — | — | $643K | $13K | <0.1% | |
| Historical Cost Generated by Northern Trust from reviewed periodic data on 26 Mar 25 3,225.000 | — | — | $3K | $10K | <0.1% | |
| Historical Cost Generated by Northern Trust from reviewed periodic data on 26 Mar | — | — | $60K | $5K | <0.1% | |
| DRGT REAL ESTATE REIT THE DOW CHEMICAL COMPANY · EIN 38-1285128 / PN 032 | Master Trust | — | — | $45 | <0.1% | |
| DRGT SM/MID CAP EQUITY (PASSIVE) THE DOW CHEMICAL COMPANY · EIN 38-1285128 / PN 022 | Master Trust | — | — | $0 | <0.1% | |
| DRGT CASH AND SECURITIES LENDING THE DOW CHEMICAL COMPANY · EIN 38-1285128 / PN 036 | Master Trust | — | — | $0 | <0.1% | |
| DRGT INFRASTRUCTURE & REAL ASSETS THE DOW CHEMICAL COMPANY · EIN 38-1285128 / PN 037 | Master Trust | — | — | $0 | <0.1% | |
| DRGT SHORT DURATION FIXED INCOME THE DOW CHEMICAL COMPANY · EIN 38-1285128 / PN 040 | Master Trust | — | — | $0 | <0.1% |