Montgomery County (MD) ERS — assets, returns and funding
Pensions: all tracked plans · Australian super in numbers · Private market performance · the PE statistics · what plans disclose · where they diverge
Montgomery County (MD) ERS (Maryland) reported $5.1bn of assets for fiscal year 2025, a one-year investment return of 9.2%, and was 95.6% funded — around the ~80% mark the industry reads as sound.
| Total assets (FY 2025) | $5.1bn |
| 1-year return | 9.2% |
| 5-year return (annualised) | 8.9% |
| 10-year return (annualised) | 8.0% |
| Funded ratio (GASB) | 95.6% |
How the money is invested (asset allocation)
Montgomery County (MD) ERS held 36.5% of its assets in public equities and 23.7% in private equity for fiscal year 2025 — the largest of 5 sleeves it reports, with the rest below:
| Public equities | 36.5% |
| Private equity | 23.7% |
| Fixed income (bonds) | 14.0% |
| Real estate | 13.3% |
| Hedge funds | 12.4% |
Compare Montgomery County (MD) ERS with similar plans
The plans most worth reading Montgomery County (MD) ERS 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 |
| Baltimore (MD) Fire and Police | $3.5bn | 10.9% | 72.4% | 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 |
| Chicago (IL) Municipal | $5.1bn | 9.8% | 25.8% | Similar size |
Questions this page answers
How much does Montgomery County (MD) ERS have in assets?
Montgomery County (MD) ERS reported $5.1bn in total assets for fiscal year 2025, as compiled by the Public Plans Database.
What return did Montgomery County (MD) ERS make on its investments?
Montgomery County (MD) ERS reported a 9.2% one-year investment return for fiscal year 2025, and 8.0% a year over the past ten years, per the Public Plans Database.
Is Montgomery County (MD) ERS fully funded?
Montgomery County (MD) ERS was 95.6% funded for fiscal year 2025 — above 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 Montgomery County (MD) ERS's money invested?
Montgomery County (MD) ERS held 36.5% of its assets in public equities and 23.7% 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.