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Deseret Mutual Master Retirement Plan
Deseret Mutual Master Retirement Plan is a defined benefit pension plan sponsored by Deseret Mutual Benefit Administrators. It provides retirement benefits to...
Deseret Mutual Master Retirement Plan
Deseret Mutual Master Retirement Plan is a defined benefit pension plan sponsored by Deseret Mutual Benefit Administrators. It provides retirement benefits to eligible employees.
General information
Firm type
Pension Fund
Location
Region
North America
Country
United States
City
Salt Lake City
Corporate office
Salt Lake City, UT, United States
Principals
Andres Almeida
President and CEO
Michael J. Rasband
Enrolled Actuary and Plan Administrator
Bishan Abeysekera
Head of Investment Risk & Senior Portfolio Manager
Sector focus
Frequently asked questions
Who controls investment decisions at the Deseret Mutual Master Retirement Plan?
Investment oversight falls under the DMBA leadership team led by President and CEO Andres Almeida. Bishan Abeysekera is the named Head of Investment Risk and Senior Portfolio Manager, suggesting he runs day-to-day portfolio construction. The enrolled actuary, Michael J. Rasband, influences the liability-driven parameters that shape the asset-allocation framework.
Is the plan a public pension fund or a private one?
It operates as a private church-affiliated defined-benefit plan, not a government pension. This means it files Form 5500 with the Department of Labor but is exempt from public-records requests that would apply to a state or municipal fund. Its sole sponsoring organization is The Church of Jesus Christ of Latter-day Saints.
How does the plan access private equity and venture capital?
The plan commits capital through limited-partnership agreements with external fund managers rather than building an in-house direct-investing team. Its commitments span venture capital strategies and broader private-equity limited partnerships. A specific confirmed position is Angel Oak Real Estate Investment Fund II, indicating appetite for niche commercial real estate strategies.
Does the plan co-invest directly alongside its fund managers?
There is no public evidence that the Deseret Mutual plan executes direct co-investments or SPV-based deals alongside its GP relationships. The allocation model appears to rely on standard commingled fund commitments rather than bespoke co-underwriting arrangements.
What geography does the plan cover?
It is headquartered in Salt Lake City, Utah, and its participant base — Church employees — is concentrated in the US Mountain West. Underlying fund commitments extend exposure nationally through the portfolios of the general partners it backs.
How is the plan governed?
DMBA administers the plan under the Employee Retirement Income Security Act. The structure requires an enrolled actuary — currently Michael J. Rasband — to certify funding levels and contribution requirements. Former DMBA CEO Michael J. Stapley's service on the ERISA Advisory Council signals the plan's engagement with federal retirement-policy formation.
Does the plan disclose its assets under management?
No. The plan does not publish an AUM figure publicly. As a private church-affiliated pension, it faces no statutory requirement to disclose total assets beyond the Form 5500 filing, and it has not volunteered a number through its own communications.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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