# Pension Fund Evaluations, Inc.

> Pension Fund Evaluations, Inc. is an SEC-registered investment advisory firm in Centereach, NY, registered since 1980, with no regulatory assets under management reported in its Form ADV filing dated March 28, 2024.

- CRD: 10985
- Filed as: PENSION FUND EVALUATIONS, INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Centereach, NY
- Filing period: October 2026
- Form ADV filing dated: March 28, 2024
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/10985
- AdvisorCensus page: https://advisorcensus.com/firm/pension-fund-evaluations-inc-centereach-ny-10985

## Quick answers

**How is Pension Fund Evaluations, Inc. compensated?**
On its Form ADV (Item 5.E, October 2026), Pension Fund Evaluations, Inc. reports these compensation arrangements: fixed fees (other than subscription fees).

**Where is Pension Fund Evaluations, Inc. located?**
Pension Fund Evaluations, Inc.'s principal office is in Centereach, NY, according to its Form ADV.

**Is Pension Fund Evaluations, Inc. registered with the SEC or a state?**
Pension Fund Evaluations, Inc. is an SEC-registered investment advisory firm, registered since 1980. Status as filed: Approved. CRD 10985.

**How have Pension Fund Evaluations, Inc.'s assets and staff changed since 2021?**
In the Form ADV data for Pension Fund Evaluations, Inc.: Total employees: 4 in October 2021 and 3 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Pension Fund Evaluations, Inc. serve?**
By number of clients on Form ADV Item 5.D: pension and profit sharing plans (but not the plan participants or government pension plans) (20); corporations or other businesses not listed above (1).

**Does Pension Fund Evaluations, Inc. report any disciplinary disclosures?**
Reports 3 disclosure items on Form ADV Item 11: yes answers to 11.E(2) (self-regulatory organization's finding of a rule violation), 11.E(4) (self-regulatory organization's expulsion, suspension, bar, or restriction), and 11.H(1)(c) (regulator's civil action dismissed under a settlement). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/10985

## From the Form ADV filing

### Compensation (Item 5.E)
- Fixed fees (other than subscription fees)

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 0 | $0 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 20 | Not reported |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 1 | $0 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Pension consulting services
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 1980 (45 years)
- Employees: 3 total, 2 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports 3 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.E(2): Has a self-regulatory organization or a commodities exchange ever found that the firm or an advisory affiliate was involved in a violation of its rules, other than a minor rule violation under a plan the SEC approved?
- 11.E(4): Has a self-regulatory organization or a commodities exchange ever disciplined the firm or an advisory affiliate by expelling or suspending it from membership, barring or suspending it from association with other members, or otherwise restricting its activities?
- 11.H(1)(c): Has a domestic or foreign court ever dismissed, under a settlement agreement, an investment-related civil action brought against the firm or an advisory affiliate by a state or foreign financial regulator?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/10985

### Websites listed on Form ADV (Item 1.I)
- pfeval.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $755,886,711 | 4 | March 24, 2021 |
| October 2022 | Not reported | 4 | February 9, 2022 |
| October 2023 | Not reported | 4 | February 23, 2023 |
| October 2024 | Not reported | 3 | March 28, 2024 |
| October 2025 | Not reported | 3 | March 28, 2024 |
| October 2026 | Not reported | 3 | March 28, 2024 |

Total employees: 4 in October 2021 and 3 in October 2026.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Pension Fund Evaluations, Inc. (CRD 10985): Form ADV filing data as of October 2026.