North Dakota PERS — assets, returns and funding
Pensions: all tracked plans · Australian super in numbers · Private market performance · the PE statistics · what plans disclose · where they diverge
North Dakota PERS (North Dakota) reported $4.8bn of assets for fiscal year 2025, a one-year investment return of 12.0%, and was 71.9% funded — below the ~80% mark the industry reads as sound.
| Total assets (FY 2025) | $4.8bn |
| 1-year return | 12.0% |
| 5-year return (annualised) | 9.4% |
| 10-year return (annualised) | 7.8% |
| Funded ratio (GASB) | 71.9% |
How the money is invested (asset allocation)
North Dakota PERS held 50.7% of its assets in public equities and 23.9% in fixed income (bonds) for fiscal year 2025 — the largest of 7 sleeves it reports, with the rest below:
| Public equities | 50.7% |
| Fixed income (bonds) | 23.9% |
| Private equity | 9.3% |
| Real estate | 9.0% |
| Commodities | 6.5% |
| Cash | 0.7% |
| Hedge funds | 0.0% |
Compare North Dakota PERS with similar plans
The plans most worth reading North Dakota PERS 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 |
|---|---|---|---|---|
| North Dakota Teachers | $3.6bn | 11.4% | 73.4% | Same state — North Dakota |
| Bismarck (ND) Employees | $131m | 8.6% | 86.6% | Same state — North Dakota |
| Bismarck (ND) Police Plan | $56m | 8.8% | 83.4% | Same state — North Dakota |
| Bismarck (ND) Fire Plan | $0k | — | 81.3% | Same state — North Dakota |
| Houston (TX) Municipal | $4.7bn | 11.8% | 76.9% | Similar size |
| Chicago (IL) Municipal | $5.1bn | 9.8% | 25.8% | Similar size |
Questions this page answers
How much does North Dakota PERS have in assets?
North Dakota PERS reported $4.8bn in total assets for fiscal year 2025, as compiled by the Public Plans Database.
What return did North Dakota PERS make on its investments?
North Dakota PERS reported a 12.0% one-year investment return for fiscal year 2025, and 7.8% a year over the past ten years, per the Public Plans Database.
Is North Dakota PERS fully funded?
North Dakota PERS was 71.9% 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 North Dakota PERS's money invested?
North Dakota PERS held 50.7% of its assets in public equities and 23.9% in fixed income (bonds), 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.