ELOS

What ELOS does

ELOS is a Brazilian closed private pension foundation (Entidade Fechada de Previdência Complementar, or EFPC) founded on July 17, 1973, headquartered in Florianópolis, Santa Catarina. Operating as a non-profit civil foundation under regulatory oversight from PREVIC, ELOS administers five distinct supplementary pension plans (Futurize, ELOSPREV, CD Eletrosul, BD Eletrosul, and BD CGTEE) for current and former employees of CGT Eletrosul (Axia Energia/Eletrobras group) and, via the Futurize instituted plan, extended family members up to the third degree. The foundation manages more than R$4 billion in pension assets, serves over 5,000 active participants, retirees, and pensioners, and distributes roughly R$290 million in annual benefits to 3,260 retirees and pensioners.

The technology stack centers on a digital pension management platform comprising a participant web portal (Área do Participante), native mobile applications on iOS and Android, automated WhatsApp customer service, and system integration tooling developed in partnership with Fluid via ACATE's LinkLab innovation program. ELOS offers four risk-based investment profiles (Protetor, Equilibrado, Dinâmico, Visionário) with monthly reported returns and provides a participant loan facility with terms up to 72 installments. The foundation holds ISO 27001 (4th recertification) and ISO 27701 (4th recertification) certifications, ABRAPP governance and engagement seals, and is signatory to UN PRI and CDP.

The revenue model is anchored on administrative fees charged on participant and sponsor contributions across its pension plans, supplemented by returns on managed investments. As a non-profit, ELOS is positioned to offer below-market administrative rates. The go-to-market is hybrid: enterprise field sales via employer sponsorship agreements with CGT Eletrosul and newly-adhering Eletrobras group subsidiaries for ELOSPREV (which grew from 556 to over 1,500 participants in 2024), plus a direct-to-consumer self-serve channel through the Futurize family plan that bypasses employer sponsorship. The foundation is currently undergoing regulatory incorporation by a newly-created EletrobrasPrev entity, with PREVIC reviewing the petition as of March 2026.

Name

ELOS

Legal name

Fundação Eletrosul de Previdência Complementar - ELOS

Website

https://elos.org.br

Company type

Private

Founded year

1973

Operating status

Operating

Headcount range

11–50 employees

Short description

ELOS is a Brazilian non-profit closed pension foundation founded in 1973 that manages R$4+ billion in pension assets across five plans for CGT Eletrosul (Axia Energia/Eletrobras) employees and their extended families.

Ownership category

akta.pro rank

Product category

Supplementary Pension Fund Management

NAICS

Pension Funds (525110), Pension Funds (52511)

SIC

Investment Advice (6282), Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Employer Retirement Plan Advisory (401(k)/Pension) (FSAEABAE)

Keywords

• Supplementary pension management
• Defined contribution plans
• Defined benefit pensions
• Closed pension funds
• Retirement plan administration

Headquarters

HQ city

Florianópolis

HQ country

Brazil

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Administrative Fees on Pension Contributions: ELOS charges administrative fees on participant and sponsor contributions to pension plans. The foundation operates as a non-profit entity, offering some of the lowest administrative fees in the market.
2. Investment Returns Management: Returns from managing R$4+ billion in pension assets across multiple investment portfolios. Interest from participant loans reverts to the pension plans.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels10 records

Core offering

ELOS is a non-profit closed pension foundation that manages supplementary retirement plans for employees of CGT Eletrosul, Axia Energia, and affiliated Eletrobras group companies, as well as their family members. It administers five distinct pension products — Futurize (instituted family plan), ELOSPREV (multi-sponsor CD plan), CD Eletrosul, BD Eletrosul, and BD CGTEE (defined benefit plans) — and complements them with a participant loan facility (Empréstimo ELOS) offering reduced interest rates and up to 72-month repayment terms. The foundation invests over R$4 billion in pension assets across four investment profiles and provides lifetime retirement, survivor, and disability benefits.

Product overview

Fundação ELOS is a closed (non-profit) supplementary pension entity managing multiple retirement plans. The portfolio includes five distinct pension products: (1) Futurize - an instituted family plan accessible to extended family members; (2) ELOSPREV - a defined contribution plan for Axia Energia group employees; (3) CD Eletrosul - a defined contribution plan for CGT Eletrosul employees; (4) BD Eletrosul - a defined benefit plan with collective investment pooling; and (5) BD CGTEE - a defined benefit plan for former CGTEE employees. Additionally, ELOS offers loan services (Empréstimo ELOS) as an add-on for plan participants. All plans offer multiple investment profile options (Protetor, Equilibrado, Dinâmico, Visionário) with varying risk-return characteristics.

Differentiator

Problem solved

Functional benefit

Brands

• Futurize: Corporate instituted pension plan launched in June 2023, allowing family members of participants to join. A modern, flexible plan for long-term financial planning.
• ELOSPREV
• CD Eletrosul
• BD Eletrosul
• BD CGTEE

Products and services

• Futurize An instituted family pension plan allowing family members (up to 3rd degree) of active participants, retirees, and pensionists of ELOS to contribute monthly for long-term financial planning. Offers four investment profiles with no employer sponsorship requirement and national accessibility through digital onboarding.
• ELOSPREV Defined contribution plan for employees of Axia Energia and its subsidiaries under the adhesion agreement. Features employer matching contributions, flexible annual contribution adjustments, and multiple investment profile options.
• CD Eletrosul Defined contribution plan for CGT Eletrosul employees offering individual accounts with participant and sponsor sub-accounts, flexible contribution rates, life insurance through Icatu, and multiple investment profile choices. Closed for new adhesions.
• BD Eletrosul Defined benefit plan sponsored by CGT Eletrosul for its employees. Features collective investment pooling, lifetime benefits, survivor pensions, and predetermined contribution amounts based on future benefit needs.
• BD CGTEE Defined benefit plan for former CGTEE employees (now CGT Eletrosul), administered by ELOS since August 2021. Offers predetermined contribution and benefit values with employer matching and survivor pension coverage.
• Empréstimo ELOS Special loan facility for pension plan participants and retirees. Offers reduced interest rates, payroll deduction options, and repayment terms up to 72 installments. Separate loan products for CD and BD plan participants, with interest payments reverting to the pension plan.

Quantifiable outcome

• Administrative fees among the lowest in the Brazilian pension market
• +3 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Nine partnerships are on record, tiered minor and core.

• XP EducaçãominorGTM or Marketing PartnerEducational partnership offering up to 65% discounts on XP Educação courses for ELOS participants and their families. Aims to combine financial security with continuous learning and professional development.
• Icatu SeguroscoreOthersGroup life insurance provider for CD and BD plan participants with monthly drawings and differentiated rates. Provides life and accidental death coverage for participants.
• Sequoia PropertiesminorStrategic or Co-development PartnerReal estate asset management partnership to strengthen administration of properties in the pension plan portfolio. Result of structured evaluation process for strategic asset management.
• Porto SegurominorOthersFirst-of-its-kind partnership in the pension sector for risk insurance. Risk insurance provides benefit in case of death or permanent disability for Futurize plan participants.
• ElosaúdeminorOthersFormerly part of ELOS, now independent health plan operator providing medical and dental coverage. Partner for health insurance services to participants.
• PrevinorteminorStrategic or Co-development PartnerJoint selection process with Previnorte for new international investment fund manager. Innovative cooperation between two EFPCs to increase scale and strengthen negotiation power.
• Instituto Capitalismo Consciente Brasil (ICCB)minorStrategic or Co-development PartnerPartnership to encourage and inspire sustainable and inclusive business practices. Aligns with ELOS commitment to ESG principles and conscious business values.
• Aditus ConsultoriaminorImplementation/ SI/ Consulting PartnerFinancial consulting for investment policy studies. Conducted detailed study to improve risk-return relationship of investment profiles using Efficient Frontier methodology.
• LinkLab/ACATEminorStrategic or Co-development PartnerOpen innovation ecosystem connecting startups and institutions. ELOS participates to accelerate solutions for operational challenges through innovative partnerships.

Scale indicators7 records

Recent moves11 records

Expansion highlights6 records

Direct peers

• Fachesf - Fundação Chesf de Assistência e Seguridade Social: Closed pension fund serving employees of Companhia Hidro Elétrica do São Francisco (Chesf), part of the Eletrobras group. Directly comparable peer sharing Eletrobras ecosystem lineage and similar plan structures.
• Valia - Fundação Vale do Rio Doce de Previdência Complementar: Closed pension fund sponsored by Vale S.A. Directly comparable to ELOS in operating model (EFPC, multiple plans, defined benefit and contribution structures) and in corporate-sponsor concentration profile.
• PREVIG - Sociedade de Previdência Complementar: Closed pension fund that received the BD Engie plan from ELOS in March 2024. Operates in the same Brazilian EFPC space serving energy-sector sponsors (Engie Brasil Energia), making it a directly comparable peer with overlapping participant demographics.
• Petros - Fundação Petrobras de Seguridade Social: One of Brazil's largest closed pension funds, sponsored by Petrobras. Directly comparable in business model (EFPC structure, multi-plan administration, energy-sector sponsorship) though materially larger in AUM, providing scale benchmark for ELOS.
• Funcef - Fundação dos Economiários Federais: Large Brazilian closed pension fund serving Caixa Econômica Federal employees. Comparable to ELOS as a multi-plan EFPC with BD and CD structures, strong governance frameworks, and ABRAPP-recognized practices.
• Previnorte: Brazilian closed pension fund (EFPC) serving employees of Eletrobras group companies. Direct comparable to ELOS given shared Eletrobras ecosystem sponsorship and recent joint international fund manager selection partnership with UBS and BTG Pactual.

Broad incumbents

• Brazilprev (BB Previdência): Open pension entity (EAPC) jointly owned by Banco do Brasil and Principal Financial. Comparable in the pension space but operates an open-market model versus ELOS's closed EFPC structure, making it a broader incumbent rather than a direct competitor.
• PREVI - Caixa de Previdência dos Funcionários do Banco do Brasil: One of the largest and oldest Brazilian closed pension funds (serving Banco do Brasil employees). Comparable as a broad incumbent EFPC with mature multi-plan structure, though materially larger in scale and legacy participant base.

Emerging players

• Icatu Seguros: Brazilian insurance company providing group life and accident coverage for ELOS's CD and BD plan participants. Ecosystem-adjacent player with overlapping distribution to the same sponsor employee base, making it thematically comparable.

Others

• ABRAPP - Associação Brasileira das Entidades Fechadas de Previdência Complementar: Industry association representing Brazilian closed pension entities. Not a peer but a relevant ecosystem entity that grants governance, investment, and engagement seals to ELOS — useful as a sector benchmark for EFPC maturity assessment.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@Funda%C3%A7%C3%A3oELOS
• Xx.com/fundacaoelos
• LinkedInlinkedin.com/company/elosprevidencia

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 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 ELOS