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Original filing (PDF)20251014165958NAL0003344897001

ECOLAB INC.

Form 5500
FILING_RECEIVED
ECOLAB PENSION PLAN
Defined-benefit pension plan
Signals · 2
No recordkeeper disclosed17 service providers
Active participants
17,433
Accounts w/ balance
Plan assets (EOY)
$1.7B
Net assets (EOY)
$1.7B
How this plan invests
This plan
3 pooled trusts
Schedule D
587 securities
funds · stocks · CUSIPs

Holdings are itemized directly on this plan's Schedule of Assets, below.

Plan health score (directional)
89
/ 100
Grade A
Top-tier plan health
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
100
Total plan cost
65
Vendor stack
80
Participation health
100
Knocking points off
  • 49 bps in Schedule C fees — 884% 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 ECOLAB INC..
Plan sponsor
Name
ECOLAB INC.
EIN
41-0231510
Address
BENEFITS EGH/3 · 1 ECOLAB PLACE · ST. PAUL, MN · 55102
Phone
(800) 964-0265
Industry
Manufacturingsee all
Plan administrator
Name
ECOLAB INC. DIRECTOR, NORTH AMERICA BENEFITS
EIN
41-0231510
City
ST. PAUL, MN
Phone
(800) 964-0265
Plan characteristics
Plan number
001
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-14
Pension benefit codes
1A · Pay-related 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
3J · U.S. plan covering Puerto Rico residents
Audit & trust (Schedule H)
Auditor
OLSEN THIELEN & CO., LTD
Trustee / custodian
Trustee phone

Service providers (Schedule C)

17 rows
Advisor / Consultant
1
NameEINLocationRelationDirect compIndirect comp
GOLDMAN SACHS ASSET MANAGEMENT, LP13-3575636INVESTMENT MANAGER$1.1M
Trustee
1
NameEINLocationRelationDirect compIndirect comp
THE NORTHERN TRUST COMPANY36-1561860TRUSTEE$552K
Other
15
NameEINLocationRelationDirect compIndirect comp
AON36-2235791NONE$3.8M
JPMORGAN CHASE BANK13-4994650NONE$856K
J.P. MORGAN INVESTMENT MANAGEMENT I13-3200244NONE$819K
PACIFIC INVESTMENT MANAGEMENT CO33-0629048NONE$252K
NISA INVESTMENT ADVISORS LLC48-1140940NONE$207K
WEST STREET LOAN PARTNERS V EUROPE98-1693930NONE$188K
VAN BERKOM AND ASSOCIATES INC98-0462020NONE$140K
OLSEN THIELEN & CO., LTD.41-1360831NONE$107K
BLACKROCK INSTITUTIONAL TRUST CO.94-3112180NONE$93K
ACADIAN ASSET MANAGEMENT LLC04-2929221NONE$82K
CIGNA HEALTH AND LIFE INSURANCE CO59-1031071NONE$16K
SEYFARTH SHAWCHICAGO, ILNONE$13K
STATE STREET GLOBAL ADVISORS TRUST81-4017137NONE$10K
WELLINGTON EM LOCAL DEBT FUND27-2594633NONE$10K
AETNA LIFE INSURANCE COMPANY06-6033492NONE$8K

Investments

561 direct securities · 3 pooled funds· $1.6B(94% 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.

Uncategorized
$1.4B
561 holdings
Common Collective Trust
$186.9M
3 holdings
PIInvestmentTypeShares / unitsCostCurrent value% of plan
CF SSGA S&P 500 (R) FLAGSHIP SL FUND (CM112)$301.9M$367.1M22.0%
CF GSTCO INTERMEDIATE DURATION CREDIT FUND$185.9M$193.9M11.6%
STATE STREET GLOBAL ADVISORS
MSCI EAFE INDX SL FUND (FD12SL) · EIN 04-0025081 / PN 240
Common Collective Trust
$134.6M$137.4M8.2%
* JP Morgan Asset Management Cf Peg Global Private Equity Viii Lp Apl$60.0M$83.6M5.0%
* JP Morgan Asset Management Cf Peg Global Private Equity Institutional Vi$53.4M$78.6M4.7%
NT COLLECTIVE SHORT TERM INVT FD$71.1M$71.1M4.3%
* JP Morgan Asset Management Cf J.p. Morgan Global Private Equity Instl Investors V Llc Fee Option 2 Fd$34.1M$44.5M2.7%
MFO PGIM HIGH YIELD FUND$37.3M$37.6M2.2%
NT COLLECTIVE SHORT TERM INVT FD$37.1M$37.1M2.2%
CF ROBECO GLOBAL EMERGING MARKETS EQUITY FD II$33.6M$35.8M2.1%
CF AXIOM INV EMERGING MRKTS EQ$32.2M$35.7M2.1%
STRATEGIC PROPERTY FUND
JPMORGAN CHASE BANK, N.A. · EIN 13-6038770 / PN 001
Common Collective Trust
$36.2M$34.0M2.0%
CF WELLINGTON EMERGING LOCAL DEBT FUND$30.7M$28.6M1.7%
CF BLACKROCK RUSSELL 2000 ALPHA TILTS FD$23.6M$26.4M1.6%
US TREAS SEC 4.5 DUE 08-15-2039 REG$22.0M$22.9M1.4%
US TREAS BDS DTD 02-15-2011 4.75% DUE 02-15-2041 REG$17.1M$17.7M1.1%
UTD STATES TREAS ZERO CPN 0% DUE 11-15-2049$20.6M$17.7M1.1%
* JP Morgan Asset Management Epp Distressed Debt Fund$7.3M$16.6M1.0%
SPECIAL SITUATION PROPERTY FUND
JPMORGAN CHASE BANK, N.A. · EIN 13-3980309 / PN 001
Common Collective Trust
$18.9M$15.5M0.9%
West Street Loan Partners V Europe, SLP; 994XRG994$13.9M$14.3M0.9%
MARATHON EMERGING MARKETS BOND FUND II LP$13.4M$13.0M0.8%
* JP Morgan Asset Management PEG Global Private Equity XI L.P.$9.8M$12.6M0.8%
UNITED STATES TREAS BDS 2.875% 05-15-2049 REG$10.3M$11.6M0.7%
CF ACADIAN INTERNATIONAL SMALL CAP FND$10.2M$11.3M0.7%
MFO PIMCO LONG DURATION CREDIT BOND PORT$10.3M$10.8M0.6%
CF SSGA MSCI EAFE SMALL CAP INDX NL FUND ZVYO1$10.5M$10.7M0.6%
* JP Morgan Asset Management Cf Jpmcb Venture Capital Institutional Inv Iv Llc Unique Fee Option 2 Fd$6.7M$10.3M0.6%
* JP Morgan Asset Management Cf J.p. Morgan European Corporate Finance Institutional Investors V Llc Fd$9.5M$10.0M0.6%
West Street Mezzanine Partners VIII; 994M55996$8.2M$9.9M0.6%
UTD STATES TREAS ZERO CPN 0% DUE 02-15-2049$7.6M$8.7M0.5%
UNITED STATES TREAS BD STRIPPED PRIN PMT 0% DUE 05-15-2049$4.6M$5.3M0.3%
UNITED STATES TREAS BDS DTD 2.75% 11-15-2047$4.4M$4.8M0.3%
UNITED STATES OF AMER TREAS BONDS 4.375% 08-15-2043$4.1M$4.4M0.3%
NT COLLECTIVE SHORT TERM INVT FD$4.0M$4.0M0.2%
UNITED STATES TREAS BDS 3.0% DUE 08-15-2048$2.7M$2.9M0.2%
FNMA SINGLE FAMILY MORTGAGE 4.5% MAT 30 YEARS SETTLES FEBRUARY$2.9M$2.9M0.2%
* JP Morgan Asset Management Cf Jpmcb Us Corp Finance Institutional Inv Iv unique Fee Option Fd$3.7M$1.9M0.1%
BOEING CO 5.93% DUE 05-01-2060$1.4M$1.6M<0.1%
BANK AMER CORP 5.015% DUE 07-22-2033/01-22-2023 BEO$1.5M$1.5M<0.1%
UNITED STATES OF AMER TREAS BONDS 4.125% 08-15-2044$1.4M$1.4M<0.1%
* JP Morgan Asset Management Cf Jpmcb Secondary Private Equity Inv Llc Fd$2.3M$1.2M<0.1%
JPMORGAN CHASE & CO 4.912% DUE 07-25-2033/07-25-2032 BEO$1.2M$1.2M<0.1%
NT COLLECTIVE SHORT TERM INVT FD$1.2M$1.2M<0.1%
CHARTER COMMUNICATIONS OPER LLC / SR SECD NT 3.95% 06-30-2062$1.1M$1.1M<0.1%
AT&T INC 3.8% 12-01-2057$1.0M$1.1M<0.1%
WELLS FARGO & COMPANY 4.897% 07-25-2033$1.1M$1.1M<0.1%
ENERGY TRANSFER 6.25% DUE 04-15-2049$1.0M$1.0M<0.1%
ENTERGY ARK LLC 5.15% DUE 01-15-2033$996K$1.0M<0.1%
TSY INFL IX N/B 1.75% 01-15-2034$981K$985K<0.1%
COMCAST CORP NEW 2.987% 11-01-2063$848K$972K<0.1%
UNITEDHEALTH GROUP 6.05% DUE 02-15-2063$818K$926K<0.1%
DUKE ENERGY CAROLINAS LLC 5.35% DUE 01-15-2053$857K$925K<0.1%
WARNERMEDIA HOLDINGS INC. 5.05% 03-15-2042$805K$885K<0.1%
VERIZON COMMUNICATIONS INC 2.987% 10-30-2056 USD$773K$863K<0.1%
ICE_CDX BOFAGB2U 12/20/2027 SELL CDX.NA.IG.39 CX003092$868K$853K<0.1%
WELLS FARGO & CO 3.068% 04-30-2041$822K$852K<0.1%
META PLATFORMS INC 4.65% 08-15-2062$767K$842K<0.1%
UNITED STATES OF AMER TREAS BONDS 3.625% 05-15-2053$733K$836K<0.1%
ABBVIE INC 4.05% DUE 11-21-2039 REG$770K$816K<0.1%
BANK OF AMERICA CORPORATION 2.676% DUE 06-19-2041/06-19-2020 REG$777K$799K<0.1%
HCA INC 3.5% DUE 07-15-2051 BEO$713K$777K<0.1%
PACIFICORP 5.35% DUE 12-01-2053$737K$765K<0.1%
ORACLE CORP FIXED 4.1% DUE 03-25-2061$720K$765K<0.1%
T-MOBILE USA INC 3.4% 10-15-2052$669K$732K<0.1%
PVTPL BROADCOM INC SR NT 3.5% 02-15-2041/01-19-2021$703K$716K<0.1%
PACIFIC GAS & ELECTRIC CO 3.75% 08-15-2042$677K$662K<0.1%
ONEOK INC NEW 5.2% DUE 07-15-2048$617K$659K<0.1%
BARCLAYS PLC 8.5%-FRN PERP GBP200000$649K$628K<0.1%
CITIGROUP INC 5.827% 02-13-2035$628K$626K<0.1%
MICROSOFT CORP 2.525% DUE 06-01-2050 BEO$552K$602K<0.1%
CVS HEALTH CORP 5.05% DUE 03-25-2048$532K$601K<0.1%
UNITED STATES TREAS BDS 4.625% 05-15-2044$582K$599K<0.1%
ELEVANCE HEALTH INC 5.65% 06-15-2054$576K$597K<0.1%
UNITED MEXICAN STATES 6.4% 05-07-2054$537K$596K<0.1%
UNITED STATES TREAS BDS 0.125% 02-15-2051$534K$591K<0.1%
CCP RECEIVABLE FROM BANK OF AMERICA$589K$589K<0.1%
UNITED MEXICAN STATES 4.28% 08-14-2041$521K$564K<0.1%
JPMORGAN CHASE & FLTG RT 2.525% DUE 11-19-2041$527K$549K<0.1%
TARGA RES CORP 6.5% DUE 02-15-2053$522K$543K<0.1%
ELI LILLY AND COMPANY 5.0% 02-09-2054$501K$535K<0.1%
PVTPL BAYER US FIN LLC 6.5% 11-21-2033$509K$516K<0.1%
PFIZER INVESTMENT ENTER 5.34% 05-19-2063$464K$512K<0.1%
WELLS FARGO & COMPANY 5.557% 07-25-2034$499K$510K<0.1%
INTESA SANPAOLO S FLTG RT 7.778% DUE 06-20-2054$535K$510K<0.1%
UNITED STATES TREAS BDS 4.625% 11-15-2044$485K$504K<0.1%
MFO PIMCO SHORT TERM FLOATING NAV II$504K$504K<0.1%
MIDAMERICAN ENERGY CO 3.95% 08-01-2047$467K$501K<0.1%
UNITED MEXICAN STATES 6.338% DUE 05-04-2053$441K$499K<0.1%
HOST HOTELS & RESORTS L P 5.7% 07-01-2034$499K$495K<0.1%
TIME WARNER CABLE 5.875% DUE 11-15-2040$473K$480K<0.1%
CALIFORNIA STATE 7.55 MUN BDS DUE 04-01-2039 USD5000$449K$480K<0.1%
AT&T INC 3.8% 12-01-2057$442K$475K<0.1%
JPMORGAN CHASE & CO 3.964% 11-15-2048$444K$473K<0.1%
PVTPL EDF S A 4.875% DUE 09-21-2038 BEO$446K$463K<0.1%
AMERN TOWER CORP 2.1% DUE 06-15-2030$471K$462K<0.1%
SOUTHWESTERN PUBLIC SERVICE CO 3.75% 06-15-2049$436K$460K<0.1%
ONEOK INC 6.625% DUE 09-01-2053$421K$449K<0.1%
MEXICO(UNITED MEXICAN STATES) 5.75% DUE 10-12-2110$383K$447K<0.1%
AMAZON.COM INC 3.95% 04-13-2052$395K$439K<0.1%
LAUREATE ED INC COM CL A$329K$433K<0.1%
HCA INC SR SECD NT 4.625% 03-15-2052$390K$427K<0.1%
STONEX GROUP INC COM$317K$420K<0.1%
VICTORY CAP HLDGS INC DEL CL A CL A$232K$417K<0.1%
REPUBLIC OF POLAND 5.5% 03-18-2054$388K$412K<0.1%
PVTPL ASHTEAD CAP INC 5.95% 10-15-2033$405K$408K<0.1%
HOME DEPOT INC 5.3% 06-25-2054$384K$407K<0.1%
OCCIDENTAL PETE 6.2% DUE 03-15-2040$394K$406K<0.1%
VODAFONE GROUP PLC 5.75% 06-28-2054$386K$401K<0.1%
UNITED STATES OF AMER TREAS BONDS DTD 4.125% 08-15-2053$357K$401K<0.1%
CITIBANK N A 5.57% 04-30-2034$405K$400K<0.1%
EURONET WORLDWIDE INC COM$395K$400K<0.1%
LOUISIANA LOC GOVT ENVIRONMENTAL FA MUNI 4.275% DUE 02-01-2036 BEO$388K$398K<0.1%
GRAND CANYON ED INC COM STK$319K$396K<0.1%
VICI PPTYS LP SR NT 5.625% 05-15-2052$372K$384K<0.1%
CDN NAT RES LTD 6.75% DUE 02-01-2039$371K$380K<0.1%
REPUBLIC OF PERU 5.875% 08-08-2054$353K$378K<0.1%
CVS HEALTH CORP 5.05% DUE 03-25-2048$330K$376K<0.1%
VERIZON COMMUNICATIONS INC 2.987% 10-30-2056 USD$330K$369K<0.1%
T-MOBILE USA INC TMUS 3.3% 02-15-2051$334K$366K<0.1%
ORACLE CORP FIXED 3.85% DUE 04-01-2060$344K$364K<0.1%
MORGAN STANLEY FIXED 5.516% 11-19-2055$348K$360K<0.1%
UNITEDHEALTH GROUP INC 5.05% 04-15-2053$336K$360K<0.1%
BERKSHIRE HATHAWAY ENERGY CO SR NT 4.6% 05-01-2053$332K$357K<0.1%
ENBRIDGE ENERGY 7.375% DUE 10-15-2045$339K$354K<0.1%
BAY AREA TOLL AUTH CALIF TOLL BRDG REV 6.907% 10-01-2050 BEO TAXABLE$318K$353K<0.1%
CONSUMERS ENERGY 4.2% DUE 09-01-2052$323K$353K<0.1%
PAYLOCITY HLDG CORP COM$280K$346K<0.1%
GLOBUS MED INC CL A NEW COM STK$222K$344K<0.1%
AMGEN INC 4.875% 03-01-2053$375K$343K<0.1%
ELEVANCE HLTH INC FIXED 6.1% DUE 10-15-2052$304K$340K<0.1%
PVTPL SAUDI ARABIA (KINGDOM OF) 5.75% 01-16-2054$324K$340K<0.1%
TOTALENERGIES CAPITAL SA 5.488% 04-05-2054$324K$336K<0.1%
THAMES WTR UTL FIN 1.25% GTD 31/01/2034 EUR$307K$334K<0.1%
MAXIMUS INC COM$365K$333K<0.1%
BOEING CO FIXED 5.805% DUE 05-01-2050$325K$332K<0.1%
FEDERAL SIGNAL CORP COM$276K$332K<0.1%
PLAINS ALL AMERN 6.65% DUE 01-15-2037$315K$327K<0.1%
DISNEY WALT CO 2.75% DUE 09-01-2049$297K$327K<0.1%
IRIDIUM COMMUNICATIONS INC COM STK$440K$326K<0.1%
ENSIGN GROUP INC COM STK$274K$325K<0.1%
HAMILTON LANE INC CL A CL A$245K$321K<0.1%
PVTPL JAB HLDGS B V JAB 3.75% 144A 05-28-2051$325K$321K<0.1%
JPMORGAN CHASE & CO 5.534% 11-29-2045$313K$320K<0.1%
PVTPL SANTOS FINANCE LTD 6.875% 09-19-2033$319K$318K<0.1%
HCA INC 3.5% DUE 07-15-2051 BEO$288K$315K<0.1%
FORD MOTOR CREDIT CO LLC 7.35% DUE 11-04-2027 BEO$314K$314K<0.1%
UNITED STATES TREAS BDS DTD 2.75% 08-15-2047$282K$313K<0.1%
PRIMORIS SVCS CORP COM$135K$311K<0.1%
TX NAT GAS SECURITIZATION FIN CORP 5.169% 04-01-2041$295K$310K<0.1%
LOUISIANA LOC GOVT ENVRNMNTL FACS & TAX-LA UTILS RESTRTN CORP 5.198% 12-01$297K$309K<0.1%
PHILIP MORRIS INTL INC 5.375% 02-15-2033$301K$308K<0.1%
PG&E CORP 7.375% 03-15-2055$309K$308K<0.1%
RLI CORP COM$252K$307K<0.1%
United States dollar$12.7M$307K<0.1%
UNITED MEXICAN STATES 6.338% DUE 05-04-2053$267K$305K<0.1%
ALLOY FINANCIAL INC 6.184% 07-26-2035$297K$305K<0.1%
PVTPL ANGLO AMERN CAP 5.75% 04-05-2034$302K$304K<0.1%
ARMSTRONG WORLD INDS INC NEW COM STK$211K$304K<0.1%
DIAMONDBACK ENERGY INC 5.75% 04-18-2054$282K$304K<0.1%
BLACK HILLS CORP 6% 01-15-2035$310K$302K<0.1%
CALIFORNIA ST 7.6% 11-01-2040 BEO TAXABLE$286K$302K<0.1%
SHAKE SHACK INC CL A CL A$175K$302K<0.1%
HASBRO INC 6.05% 05-14-2034$299K$301K<0.1%
WARNERMEDIA HLDGS INC SR NT 5.391% 03-15-2062$284K$301K<0.1%
CONSOLIDATED EDISON CO N Y INC 5.375% 05-15-2034$303K$300K<0.1%
CVS HEALTH CORPORATION 5.7% 06-01-2034$295K$300K<0.1%
CRH AMERICA FINANCE INC 5.4% 05-21-2034$301K$299K<0.1%
ENERGY TRANSFER LP 5.95% 05-15-2054$290K$299K<0.1%
KINDER MORGAN INC 5.95% 08-01-2054$294K$299K<0.1%
META PLATFORMS INC 4.65% 08-15-2062$272K$298K<0.1%
CONSOLIDATED EDISON CO N Y INC 5.7% 05-15-2054$299K$298K<0.1%
AGREE LTD PARTNERSHIP 5.625% 06-15-2034$301K$297K<0.1%
REPUBLIC OF POLAND 5.5% 03-18-2054$277K$297K<0.1%
MASTERCARD INC FIXED 4.875% 05-09-2034$295K$296K<0.1%
ORMAT TECHNOLOGIES INC COM$325K$296K<0.1%
CVS HEALTH CORP 6.0% 06-01-2044$284K$296K<0.1%
AMAZON COM INC NT 3.1% 05-12-2051$272K$295K<0.1%
VERIZON COMMUNICATIONS INC 3.0% DUE 11-20-2060 REG$261K$295K<0.1%
AT&T INC 3.5% DUE 09-15-2053 REG$280K$294K<0.1%
HEALTHEQUITY INC COM$201K$291K<0.1%
CANADIAN PAC RY CO NEW 3.1% 12-02-2051$260K$290K<0.1%
PG&E WILDFIRE FIXED 4.451% DUE 12-01-2047$278K$290K<0.1%
PLANET FITNESS INC CL A CL A$202K$289K<0.1%
BANK OZK COM$318K$287K<0.1%
CALIFORNIA HEALTH FACS FING AUTH REV 4.353% 06-01-2041 BEO TAXABLE$279K$285K<0.1%
PVTPL COX COMMUNICATIONS INC 5.95% 09-01-2054$278K$285K<0.1%
US TREASURY N/B 4.25% 08-15-2054$283K$283K<0.1%
LOCKHEED MARTIN 4.07% DUE 12-15-2042$263K$282K<0.1%
NEW JERSEY ST TPK AUTH TPK REV 7.102% 01-01-2041 BEO TAXABLE$262K$282K<0.1%
META PLATFORMS INC 5.55% 08-15-2064$269K$280K<0.1%
NMI HOLDINGS INC COMMON STOCK$224K$277K<0.1%
ROGERS COMMUNICATIONS INC 3.8% 03-15-2032$270K$276K<0.1%
SOMNIGROUP INTERNATIONAL INC. COM USD0.01$247K$276K<0.1%
CCC INTELLIGENT SOLUTIONS HLDGS INC COM$260K$275K<0.1%
NT COLLECTIVE SHORT TERM INVT FD$274K$274K<0.1%
APPALACHIAN PWR CO FIXED 3.7% DUE 05-01-2050$278K$271K<0.1%
BRISTOL-MYERS SQUIBB CO 3.55% 03-15-2042$267K$267K<0.1%
FIVE9 INC COM$322K$266K<0.1%
INTEL CORP 5.6% 02-21-2054$285K$264K<0.1%
FTI CONSULTING INC COM$270K$261K<0.1%
Showing top 200 of 564 investments by value.