Baltimore (MD) Fire and Police — assets, returns and funding
Pensions: all tracked plans · Australian super in numbers · Private market performance · the PE statistics · what plans disclose · where they diverge
Baltimore (MD) Fire and Police (Maryland) reported $3.5bn of assets for fiscal year 2025, a one-year investment return of 10.9%, and was 72.4% funded — below the ~80% mark the industry reads as sound.
| Total assets (FY 2025) | $3.5bn |
| 1-year return | 10.9% |
| 5-year return (annualised) | 9.3% |
| 10-year return (annualised) | 7.2% |
| Funded ratio (GASB) | 72.4% |
How the money is invested (asset allocation)
Baltimore (MD) Fire and Police held 50.8% of its assets in public equities and 22.3% in private equity for fiscal year 2025 — the largest of 6 sleeves it reports, with the rest below:
| Public equities | 50.8% |
| Private equity | 22.3% |
| Fixed income (bonds) | 10.8% |
| Real estate | 10.4% |
| Hedge funds | 5.3% |
| Cash | 0.4% |
Compare Baltimore (MD) Fire and Police with similar plans
The plans most worth reading Baltimore (MD) Fire and Police against — similar in size, or invested in the same managers — side by side, each with its own page for the detail:
| Plan | Assets | 1-yr return | Funded ratio | Why comparable |
|---|---|---|---|---|
| Maryland Teachers | $44.2bn | 9.8% | 76.8% | Same state — Maryland |
| Maryland PERS | $24.6bn | 9.8% | 69.3% | Same state — Maryland |
| Montgomery County (MD) ERS | $5.1bn | 9.2% | 95.6% | Same state — Maryland |
| Montgomery County (MD) Schools | $2.6bn | 12.1% | 86.5% | Same state — Maryland |
| Baltimore (MD) City Employees | $2.3bn | 9.5% | 82.0% | Same state — Maryland |
| Oklahoma Police | $3.4bn | 9.5% | 97.6% | Similar size |
Questions this page answers
How much does Baltimore (MD) Fire and Police have in assets?
Baltimore (MD) Fire and Police reported $3.5bn in total assets for fiscal year 2025, as compiled by the Public Plans Database.
What return did Baltimore (MD) Fire and Police make on its investments?
Baltimore (MD) Fire and Police reported a 10.9% one-year investment return for fiscal year 2025, and 7.2% a year over the past ten years, per the Public Plans Database.
Is Baltimore (MD) Fire and Police fully funded?
Baltimore (MD) Fire and Police was 72.4% funded for fiscal year 2025 — below the ~80% mark many treat as reasonably sound. US public plans face no federal funding minimum, and actuaries add that the trend matters more than any single line (Public Plans Database).
How is Baltimore (MD) Fire and Police's money invested?
Baltimore (MD) Fire and Police held 50.8% of its assets in public equities and 22.3% in private equity, its largest sleeves for fiscal year 2025 (Public Plans Database).
See also: all tracked plans · how the private-equity funds these plans invest in have actually performed, from the plans' own disclosures: private market performance, and where plans' numbers diverge on the same fund.