Fachesf

What Fachesf does

Fachesf (Fundação Chesf de Assistência e Seguridade Social) is a non-profit Brazilian closed private pension entity (EFPC), founded on April 10, 1972 by Chesf (Companhia Hidro Elétrica do São Francisco, now Axia Energia Nordeste), with headquarters in Recife, Pernambuco. It administers five pension plans, including closed defined benefit (BD) and defined contribution (CD/BS/CD Puro) plans for sponsor employees, plus the open RealizePrev plan accessible to any individual with an active CPF. As of May 2026, Fachesf manages R$9.12 billion in total assets across approximately 40,000 participants (retirees, pensioners, active contributors, and dependents), ranking among Brazil's top 20 of 350+ pension foundations and holding the leadership position in North/Northeast Brazil.

The operational infrastructure comprises participant account management systems, actuarial modeling software, investment portfolio management tools, and a digital service layer including the participant portal, RealizePrev portal, financial simulators, cashback platform, and the Realize Você educational platform. The foundation is regulated by PREVIC under CNPC Resolution 30/2018, holds Abrapp Corporate Governance and Investment Governance seals, and is governed by a Deliberative Council, Fiscal Council, and Executive Board with sponsor and participant representation.

Fachesf's revenue model is subscription-based and administrative: it deducts a 0.85% annual administration fee from RealizePrev participant assets, charges no loading or exit fees, and funds operations via the Plano de Gestão Administrativa (PGA). Distribution relies on employer payroll deduction for sponsored plans, direct online subscription via the RealizePrev portal, contact center (0800, WhatsApp, chat), four regional offices, and itinerant service across 9+ cities. In February 2026, Fachesf completed the spin-off of its health business to Luminar Saúde, transitioning to pension-only operations.

Name

Fachesf

Legal name

Fundação Chesf de Assistência e Seguridade Social

Website

https://fachesf.com.br

Company type

Private

Founded year

1972

Operating status

Operating

Headcount range

101–250 employees

Short description

Fachesf is a non-profit Brazilian closed pension foundation (EFPC) founded in 1972, administering R$9.1 billion in supplementary pension assets for approximately 40,000 Chesf/Axia Energia employees, retirees, dependents, and RealizePrev participants in North/Northeast Brazil.

Ownership category

akta.pro rank

Product category

Supplementary Pension Administration

NAICS

Pension Funds (525110), Pension Funds (52511)

SIC

Investment Advice (6282)

akta.pro primary industry

Corporate & Public Pension Funds (DB/DC Sponsors) (FSAAAGAA)

akta.pro secondary industries

Endowments (Universities, Foundations, Nonprofits) (FSAAAGAC), Employer Retirement Plan Advisory (401(k)/Pension) (FSAEABAE)

Keywords

• Supplementary pension plans
• Defined contribution plans
• Defined benefit plans
• Pension fund administration
• Retirement plan management

Headquarters

HQ city

Recife

HQ country

Brazil

HQ region

Latin America

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Pension Plan Management Fees: Fachesf operates as a non-profit foundation. It funds its administrative costs through a Management Fee (Taxa de Administração) charged against pension plan assets. For RealizePrev, the fee is 0.85% per year on each participant's pension assets. No loading fees, exit fees, or surrender charges are applied. Administrative expenses are also covered through the Plano de Gestão Administrativa (PGA).
2. Contribution-Based Administration: Ongoing contributions from participants and sponsoring companies (Chesf/Eletrobras/Axia Energia) fund the pension plans. The foundation deducts its administrative fee from the pension pool rather than billing participants directly. Sponsors co-contribute up to 65 years of age plus 3 years of plan membership.
3. Health Plan Administration (Historical / Divested): Fachesf historically operated Fachesf Saúde, a self-managed health plan (autogestão). In 2024–2026, the health business was spun off, with the portfolio migrated to Luminar Saúde, of which Fachesf became the sponsoring founder. Fachesf continues as a pension-only entity.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels8 records

Core offering

Fachesf is a non-profit closed private pension entity (EFPC) that administers supplementary pension plans across defined contribution (CD, CD Puro, RealizePrev), defined benefit (BD), and salary-defined benefit (BS) modalities. The foundation serves employees, retirees, and dependents of sponsoring companies (Chesf/Eletrobras/Axia Energia) via closed plans, while RealizePrev extends open pension plan access to any individual with a CPF and offers post-fixed IPCA-indexed loans to participants. The foundation has historically operated a self-managed health plan (Fachesf Saúde), which was spun off to Luminar Saúde with operations transferred in February 2026.

Product overview

Fachesf is a supplementary pension foundation (Fundação Chesf de Assistência e Seguridade Social) offering a portfolio of pension and health products. The product suite includes: RealizePrev (open supplementary pension plan for any CPF holder), Plano CD Puro (defined contribution plan for new Eletrobras employees), Plano CD (defined contribution plan - closed for new adhesions), Plano BD (defined benefit plan - closed), Plano BS (defined benefit saldo plan - closed), Fachesf Saúde health plans (now operated by Luminar Saúde), and loan products for participants. The foundation also provides educational tools including the Realize Você platform and Blog Amor Pelo Futuro. Total patrimony of R$ 9.1 billion serving approximately 40,000 participants.

Differentiator

Problem solved

Functional benefit

Brands

• RealizePrev: Open pension plan administered by Fachesf, a Sectoral Plan of ABRAPP, offering individual accounts and flexible contribution options for any CPF holder.

Products and services

• RealizePrev Open supplementary pension plan (Plano Setorial) administered by Fachesf and instituted by Abrapp in the Defined Contribution (CD) modality. Open to any individual with active CPF, including relatives of participants up to 4th degree consanguineous and 2nd degree affinity. Features cashback from partner stores that automatically deposits into participant pension accounts, no loading or exit fees, and a 0.85% annual administration fee.
• Plano CD Puro Pure defined contribution pension plan created under Eletrobras demand for new employees. Operates as a financial plan under PEPS (First-In-First-Out) quota methodology with no actuarial risk and cannot generate deficits. Benefits calculated based on individual account balances without actuarial premises and paid for determined periods. Normal contribution 2% on salary up to 1 UP plus 12% on the excess, multiplied by participant-chosen factor (10%-100%). Sponsors match 100% of contributions until age 65 + 3 years of plan membership. Closed for new adhesions as of June 2024.
• Plano CD Defined Contribution pension plan where participants choose monthly contribution value deposited into their individual account. The benefit value at retirement is determined by the accumulated account balance. Contribution levels linked to Unidade Previdenciária (UP) multiples adjusted annually by IPCA. CD UP for 2026: R$ 884.00. Closed for new adhesions since December 16, 2022.
• Plano BD Defined Benefit pension plan providing supplementation based on formulas established in plan regulations. Benefits adjusted annually by IPCA (4.724719% for BS in June 2026). Closed for new adhesions since June 2001. Average payment to retirees: R$ 11,088.81/month; average pensioner payment: R$ 4,475.61/month.
• Plano BS Settled Benefit Plan (BS, Benefício Saldado) combining characteristics of a defined benefit plan with individual accounts. Benefits determined by plan regulations and adjusted annually by IPCA. Closed for new adhesions since June 2001. Average payment to retirees: R$ 6,537.37/month; average pensioner payment: R$ 2,772.26/month.
• Empréstimos (Loans) Post-fixed loan product for active and retired participants of Plans BD, CD, and BS. Corrected by the IPCA (Brazilian inflation index). Available to participants aged 18-85, subject to creditworthiness criteria and margin availability. Participants must be current on existing loan installments. Loan concession periods follow an annual published calendar.

Quantifiable outcome

• R$ 9.12 billion in total assets managed as of May 2026, representing growth from R$ 6.6 billion in 2017 to R$ 9.1 billion in 2026 (+38% over 9 years).
• +3 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature4 records

Partnerships

Nine partnerships are on record, tiered minor and core.

• CRA-PE (Conselho Regional de Administração de Pernambuco)minorGTM or Marketing Partner · 16 June 2026Fachesf maintains a partnership agreement with CRA-PE that grants administrators preferential access to the RealizePrev pension plan. Fachesf participated in the CRA-PE/CFA Workshop on Public Management, presenting RealizePrev to public sector professionals, managers, and municipal representatives.
• CFA (Conselho Federal de Administração)minorGTM or Marketing Partner · 16 June 2026Partnered with CRA-PE and Fachesf in the Workshop on Public Management and the IGM-CFA Municipal Governance Award ceremony in Recife, June 2026. CFA's involvement expanded Fachesf's reach to municipal administrators and public management professionals.
• PREVICcoreOthers · 1 January 2026The company provides regulatory oversight, supervision, and rule-setting for Fachesf's pension operations.
• PREVIC (Superintendência Nacional de Previdência Complementar)coreOthers · 1 January 2025PREVIC is the regulatory agency (autarquia) responsible for supervising and regulating closed private pension entities (EFPC) in Brazil. Fachesf is subject to PREVIC oversight and submits annual actuarial demonstrations, financial statements, and compliance reports to the agency.
• Abrapp (Associação Brasileira das Entidades Fechadas de Previdência Complementar)coreOthers · 1 January 2025Abrapp is the Brazilian association of closed private pension entities. Fachesf is an affiliated member and participates in Abrapp's committees (Sustainability, Equity & Diversity Forum, Women's Leadership), earns self-regulation seals, and attends Abrapp's national events.
• CNPC (Conselho Nacional de Previdência Complementar)coreOthers · 1 January 2025CNPC is the regulatory body responsible for setting rules for closed private pension operations in Brazil. Fachesf's deficit equalization plans comply with CNPC Resolution 30/2018 (Art. 38).
• EletrobrascoreStrategic or Co-development Partner · 1 January 2024Eletrobras is the parent company of Chesf/Axia Energia. It has requested the creation of the CD Puro plan for new hires (2023), closed CD Puro for new adhesions (June 2024), and is pursuing a project to consolidate five pension foundations (Fachesf, Previnorte, Eletros, Real Grandeza, Elos) into a new closed pension entity.
• Luminar SaúdecoreStrategic or Co-development Partner · 1 January 2024In 2024, Fachesf became the sponsoring founder (patrocinadora instituidora) of Luminar Saúde, a new self-managed health operator created to incorporate the Evida and Fachesf Saúde health plan portfolios. The health business was formally spun off with the migration completed on February 1, 2026. Fachesf transitioned to a pension-only entity.
• Chesf (Companhia Hidro Elétrica do São Francisco) / Axia Energia NordestecoreStrategic or Co-development Partner · 10 April 1972Chesf (now Axia Energia Nordeste) is Fachesf's founding sponsor, having created the foundation on April 10, 1972. Chesf employees and retirees are the primary participants in Fachesf's pension plans. The sponsor co-contributes to plans and participates in governance through board appointments. After Eletrobras privatization, Axia Energia assumed sponsorship.

Scale indicators7 records

Recent moves10 records

Expansion highlights5 records

Direct peers

• Real Grandeza: Real Grandeza is a closed pension entity serving Eletrobras subsidiaries and Furnas employees. Comparable to Fachesf in sponsor base (energy), regulatory structure (EFPC), multi-plan book (BD/BS/CD), and asset scale. Like Fachesf, it is one of the foundations in Axia's consolidation project.
• Previnorte: Previnorte is another closed private pension entity (EFPC) linked to the Eletrobras system (sponsored by Furnas/Eletrobras), administering DB and DC plans for employees of the same energy-sector sponsor group. Directly comparable to Fachesf as it is one of the five EFPCs targeted for consolidation by Axia Energia.
• Eletros: Eletros is another Eletrobras-affiliated EFPC, operating DB and CD plans for sector employees. Highly comparable to Fachesf in target participants, governance, and product mix, and named in the same multi-foundation consolidation initiative.
• Petros - Fundação Petrobras de Seguridade Social: Petros is the closed pension foundation for Petrobras employees, similarly structured as a non-profit EFPC with BD and CD plans and tens of billions of BRL in assets. Directly comparable to Fachesf as a large Brazilian corporate-sector EFPC facing parallel challenges around DB deficits, regulatory oversight (PREVIC), and CNPC Resolution 30/2018 deficit equalization.
• Valia - Fundação Vale do Rio Doce de Seguridade Social: Valia is a closed private pension entity (EFPC) administering defined benefit and defined contribution plans for Vale and sponsoring-company employees. Directly comparable to Fachesf in scale, governance, regulatory posture, and multi-plan offering.
• Funcef - Fundação dos Economiários Federais: Funcef is a large closed pension entity serving Caixa Econômica Federal employees. Comparable to Fachesf as a multi-plan EFPC (BD, CD, BS) operating under PREVIC oversight with similar governance, deficit, and CNPC 30/2018 equalization dynamics.
• Postalis - Instituto de Seguridade Social dos Correios: Postalis is the closed pension entity for Correios (Brazilian postal service) employees. Directly comparable in EFPC structure, BD/CD multi-plan architecture, and regulatory framework, though with a non-energy sponsor base.
• Elos - Fundação Eletrobras de Seguridade Social: Elos is an Eletrobras-sponsored closed pension foundation administering multiple benefit plans for electricity-sector employees. Directly comparable to Fachesf in EFPC structure, sponsor concentration in Eletrobras group, and DB/DC plan offering; also part of the consolidation effort.
• Capof - Caixa de Previdência e Assistência dos Funcionários do BNDES: Capof is a closed pension foundation for BNDES employees operating within the same EFPC regulatory regime. Comparable to Fachesf as a non-profit, sponsor-concentrated multi-plan foundation administering similar benefit structures under PREVIC.

Regional players

• Banesprev - Fundo de Pensão dos Funcionários do Banestes: Banesprev is a regional EFPC for Banestes employees (Espírito Santo state, with a strong Northeast Brazil nexus). Directly comparable to Fachesf as a sponsor-linked closed pension foundation but with a regional/state sponsor and a smaller participant base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/user/fachesf
• LinkedInlinkedin.com/company/fachesf
• Instagraminstagram.com/fachesf
• Xx.com/fachesf
• Facebookfacebook.com/fachesf

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Fachesf