Deseret Mutual Benefit Administrators

Deseret Mutual Benefit Administrators

Deseret Mutual Benefit Administrators was founded in 1970 to administer welfare and retirement benefits for participating employers tied to the Church of Jesus Christ of Latter-day Saints. The organization serves as plan administrator for the Deseret Mutual Master Retirement Plan, a single-employer non-contributory defined benefit plan. Primary client relationships run through Deseret Management Corporation and affiliated Church entities. DMBA maintains allocations across private equity, real estate, natural resources, and fixed income. Confirmed holdings include Pelion Venture Partners and Atlas Venture funds. Real estate exposure encompasses direct investments and interests in Property Reserve, Inc., Suburban Land Reserve, Inc., and Hawaii Reserves, Inc. Geographic reach covers the United States and select international markets through partnership vehicles. The firm employs 322 professionals and maintains its headquarters in Salt Lake City. DMBA participates in industry groups including the ERISA Industry Committee and SPARK Institute. No verifiable operational events from the last 24 months appear in available records.