Eletros

What Eletros does

Eletros (Fundação Eletrobrás de Seguridade Social) is a non-profit Brazilian pension fund foundation established in 1971 and headquartered at Avenida Marechal Floriano 19 in central Rio de Janeiro. The foundation administers nine defined-benefit and defined-contribution pension plans on behalf of sponsoring employers concentrated in the Brazilian energy sector — primarily Axia Energia (formerly Eletrobras) plus Cepel, ONS, and EPE — alongside three municipal government sponsors (Canoas, Sorocaba, Londrina) participating in multipatrocinated plans. As of 2026, Eletros manages approximately R$5 billion in assets under administration, serves roughly 5,000 active participants, and disburses R$400 million annually to over 2,600 retirees and pensioners.

The foundation's core product is supplemental pension plan administration, complemented by an integrated participant-services ecosystem: a preferential loan program (Empréstimo), funeral assistance via KAF RIO, an affiliated ANS-regulated health and dental plan operator (Eletros Saúde, 30 years in operation), and social welfare services (Fabes). Participant interaction runs through the "Portal do Participante" web portal and native iOS/Android mobile applications delivering self-service for balances, loan management, beneficiary updates, tax documents, and benefit simulators. Eletros charges administrative fees on a percentage-of-assets basis and explicitly markets these fees as lower than bank and insurance alternatives, supported by a published fee-comparison tool. The foundation holds ABRAPP self-regulation seals in investment governance and corporate governance, ISO 9001 quality certification, and gender-equity recognitions from UN Women (WEPs Bronze 2019, 2021) and the Brazilian federal government. It employs 51-100 staff.

Eletros is in a structural transition phase: in 2026 the foundation announced its incorporation by EletrobrasPrev, another pension entity within the Eletrobras group, with the process under PREVIC review. Concurrently, the Plano CV ONS is being transferred to Vivest (PREVIC filing dated 29 May 2026). These transactions consolidate pension administration within the broader Eletrobras ecosystem and end Eletros's standalone operating trajectory, repositioning the foundation from independent sponsor to absorbed entity in a larger group structure.

Name

Eletros

Legal name

Fundação Eletrobrás de Seguridade Social - Eletros

Website

https://eletros.com.br

Company type

Private

Founded year

1971

Operating status

Operating

Headcount range

51–100 employees

Short description

Eletros is a non-profit Brazilian pension foundation administering nine supplemental retirement plans for energy-sector and municipal-government employees, managing R$5 billion in assets for roughly 5,000 participants and currently undergoing incorporation by EletrobrasPrev.

Ownership category

akta.pro rank

Product category

Pension Fund Management

NAICS

Pension Funds (525110), Pension Funds (52511), Insurance and Employee Benefit Funds (5251), Health and Welfare Funds (52512)

SIC

Investment Advice (6282), Accident & Health Insurance (6321)

akta.pro primary industry

Pension Master Trusts, Superannuation & Provident Funds (FSAAAGAB)

akta.pro secondary industries

Employer Retirement Plan Advisory (401(k)/Pension) (FSAEABAE), Association & PEO Group Health Plans (AHP/PEO-Sponsored) (FSAIAFAH)

Keywords

• Pension fund management
• Defined benefit plans
• Defined contribution plans
• Retirement savings
• Supplemental pension administration

Headquarters

HQ city

Rio De Janeiro

HQ country

Brazil

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Pension contributions: Eletros collects contributions from participants and sponsoring employers, investing them in diversified portfolios to fund future retirement benefits. As a non-profit foundation, any surplus is retained to strengthen reserves rather than distributed as profit.
2. Administrative management fees: Lower-cost structure compared to banks and insurance companies, with competitive administration fees that are transparently compared against market benchmarks on the fund's own website. Fees fund the operational management of all pension plans.
3. Loan products (Empréstimo): The fund offers preferential loans to participants, with interest rates more accessible than market alternatives. Revenue generated from loan interest supports additional services.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels6 records

Core offering

Eletros is a nonprofit pension fund foundation that administers nine defined-benefit (BD), defined-contribution (CD), and variable-contribution (CV) supplemental pension plans for employees of Brazil's Eletrobras group companies (Axia Energia, Cepel, ONS, EPE) and municipal government sponsors. The foundation invests participant and employer contributions in diversified portfolios, paying R$400 million in annual benefits to over 2,600 retirees from R$5 billion in assets under management, while charging percentage-of-assets administrative fees it markets as below market averages.

Product overview

Eletros operates as a unified pension fund platform offering multiple defined contribution (CD) and defined benefit (BD) pension plans. The core portfolio includes 9 distinct pension products administered under different sponsorship arrangements (Eletrobrás, ONS, EPE, municipal governments of Canoas, Sorocaba, and Londrina). Beyond core pension management, the platform offers integrated financial services including loan programs, funeral assistance, and health insurance (Eletros Saúde). Additional value-added services include the participant portal, social assistance (Fabes), and financial education content (Blog Eletros Cultivar). The organization manages approximately R$5 billion in assets serving over 5,000 participants and paying R$400 million annually in benefits to 2,600+ retirees and pensioners.

Differentiator

Problem solved

Functional benefit

Products and services

• Plano BD Eletrobras

Quantifiable outcome

• R$5 billion in assets under management, serving approximately 5,000 participants and paying R$400 million in annual benefits to over 2,600 retirees and pensioners
• +3 more outcomes

Named customers7 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• Axia Energia (Eletrobras)coreStrategic or Co-development PartnerAxia Energia (formerly Eletrobras) is the primary sponsor of Eletros, providing pension coverage to its employees through multiple plans (BD Eletrobras, CD Eletrobrás, CD I). As the controlling shareholder of Brazil's largest electricity group, Axia Energia is a government-controlled company (controlled by the Brazilian government) and is the principal employer base served by Eletros.
• ONS (Operador Nacional do Sistema Elétrico)coreStrategic or Co-development PartnerONS is the national operator that coordinates and controls generation and transmission facilities in Brazil's National Interconnected System (SIN). It sponsors the CV ONS pension plan administered by Eletros, and is transferring plan management to Vivest.
• EPE (Empresa de Pesquisa Energética)coreStrategic or Co-development PartnerEPE conducts energy sector research and planning (electricity, petroleum, natural gas, coal, renewables, efficiency) and sponsors the EPE pension plan administered by Eletros.
• Cepel (Centro de Pesquisas de Energia Elétrica)coreStrategic or Co-development PartnerCepel operates advanced research infrastructure for electrical systems and equipment, with advanced research facilities. It is a sponsor of Eletros pension plans.
• Prefeitura de CanoasminorStrategic or Co-development PartnerCanoas municipal government sponsors the PrevServ Brasil multipatrocinated plan for its public employees under the CD Eletros Multi – Canoas plan.
• Prefeitura de SorocabaminorStrategic or Co-development PartnerSorocaba municipal government sponsors the PrevServ Brasil – Sorocaba pension plan for its public employees, administered by Eletros.
• Prefeitura de LondrinaminorStrategic or Co-development PartnerLondrina municipal government sponsors the PrevServ Brasil – Londrina pension plan for its public employees, administered by Eletros.
• Eletros SaúdecoreOthersEletros Saúde is an affiliated health plan operator (operadora de planos de assistência médica e odontológica) operating in the self-management (autogestão) modality, serving for 30 years, regulated by ANS (registration 42.207-0). It provides exclusive medical and dental plans to Eletros participants and their families.
• KAF RIOminorOthersKAF RIO provides funeral assistance services to Eletros participants via a dedicated 0800 line (0800 282 1523). The service is available for participants to activate funeral assistance coverage.
• EletrobrasPrev (incoming)coreStrategic or Co-development PartnerEletrobrasPrev is the target entity of Eletros's ongoing incorporation process. The transfer/incorporation was announced as a step to strengthen participants' pension security and preserve rights and benefits. The process is under PREVIC review and has received regulatory requirements (exigências). The CV ONS plan is separately being transferred to Vivest.

Scale indicators8 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• EletrobrasPrev: EletrobrasPrev is the acquiring entity in Eletros's current incorporation process. It is a closed Brazilian pension fund foundation for the Eletrobras group, operating under the same PREVIC regulatory framework and serving the same core sponsor base, making it the most directly comparable entity.
• Real Grandeza: Real Grandeza is the closed pension fund of Furnas Centrais Elétricas, a Brazilian electricity-sector employer. It is one of the most direct sector peers to Eletros given the overlap in Brazilian energy-sector sponsorship.
• Vivest: Vivest is the closed pension fund of AES Brasil/AES Tietê that is acquiring Plano CV ONS from Eletros. It operates as a Brazilian EFPC under the same PREVIC regime and competes head-to-head for energy-sector pension mandates.
• FAPES (BNDES): FAPES is the closed pension fund of BNDES, one of Brazil's established corporate EFPCs. Like Eletros it serves a state-linked development institution and operates both BD and CD plans under PREVIC oversight.
• Centrus: Centrus is the closed pension fund of Banco Central do Brasil. It is comparable to Eletros as a non-profit EFPC administering complementary pension plans for a Brazilian public-sector sponsor under PREVIC.
• Petros: Petros is the closed pension fund of Petrobras, one of Brazil's largest EFPCs. It is a directly comparable entity: a non-profit foundation administering BD and CD plans for a single major state-linked corporate sponsor under PREVIC oversight.
• Valia: Valia is the closed pension fund of Vale S.A., a major Brazilian corporate EFPC. It is comparable to Eletros as a single-sponsor non-profit foundation administering multi-plan pension benefits under PREVIC.

Broad incumbents

• Postalis: Postalis is the closed pension fund of Correios (Brazilian postal service). It is comparable to Eletros as a public-sector Brazilian EFPC operating multiple pension plans, though it has experienced significant solvency challenges in recent years.
• PREVI: PREVI is the Banco do Brasil pension fund and one of the largest Brazilian EFPCs by AUM. It is comparable to Eletros as a closed, sponsor-linked pension foundation but operates at significantly greater scale and with a broader participant base.
• Funcef: Funcef is the Caixa Econômica Federal pension fund. Like Eletros it is a non-profit Brazilian EFPC administering multiple BD and CD plans, but it is much larger and serves a public financial institution sponsor base.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/fundacaoeletros
• LinkedInlinkedin.com/company/fundacao-eletros

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries1 record

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 Eletros