Fundação São Francisco de Seguridade Social

Name

Fundação São Francisco de Seguridade Social

Legal name

Fundação São Francisco de Seguridade Social

Website

https://franweb.com.br

Company type

Private

Founded year

1981

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Supplementary Pension Services

NAICS

Pension Funds (525110), Pension Funds (52511)

SIC

Finance Services (6199)

akta.pro primary industry

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

akta.pro secondary industry

Pensions & Retirement Benefits Administration (BPAIAKAA)

Keywords

• Supplementary pension fund
• Defined contribution plans
• Defined benefit plans
• Pension fund management
• Participant loan programs

Headquarters

HQ city

BRASILIA - DF, DISTRITO FEDERAL

HQ country

Brazil

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Pension Contributions - Codeprev: Contributory defined contribution plan where participants contribute up to 8% of salary and sponsor (Codevasf) matches the same amount. Contributions are deductible from income tax up to 12% limit. Total monthly collection approximately R$ 3.333 million from 1,227 active participants.
2. Loan Interest Income: Interest income from personal loans extended to participants. Loan amounts up to R$ 40,000 with terms 6-48 months and interest rates from 1.00% to 1.25% per month. Repayment via payroll deduction.
3. Administrative Fee - PGA: Administrative management fee (Plano de Gestão Administrativa) collected to cover operational expenses. Budgeted at R$ 10.45 million annually with R$ 4.79 million executed in first half 2026.
4. Sponsor Contributions - BD and BS: Defined benefit and settled plans where Codevasf makes contributions including monthly amortization of debt from the BD settlement. Monthly repayment approximately R$ 815 thousand with R$ 65 million already paid and R$ 7 million remaining.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Fundação São Francisco is a closed supplementary pension entity (EFPC) that administers three pension plans exclusively for employees of its sponsor Codevasf: Plano Codeprev (defined contribution with 100% employer match up to 8% of salary), Plano de Benefícios I (closed defined benefit plan), and Plano Saldado (settled plan preserving accumulated rights). It also offers a participant personal loan program (up to R$ 40,000, terms 6-48 months, rates 1.00%-1.25% monthly) with payroll deduction, accessed through a web portal and mobile applications.

Product overview

Fundação São Francisco de Seguridade Social (now branded as Fundação São Francisco de Previdência Complementar) is a closed complementary pension entity administering three pension plans to employees of sponsor Codevasf. The product portfolio consists of Plano Codeprev (an open defined contribution plan with sponsor-matched contributions), Plano de Benefícios I (a closed defined benefit plan), and Plano Saldado (a settled plan preserving rights from the BD settlement). The entity also offers a loan program, a participant web portal, and a mobile application for account management. The three pension plans are distinct products differentiated by contribution model (defined contribution vs. defined benefit), enrollment status (open/closed), and benefit calculation methodology.

Differentiator

Problem solved

Functional benefit

Products and services

• Plano Codeprev (CD) Defined contribution pension plan (Contribuição Definida) open for new enrollments, offered to Codevasf employees. The sponsor matches participant contributions up to 8% of salary, and the plan offers tax benefits up to the 12% income tax deduction limit. Contributions are collected monthly with total collection of approximately R$ 3.333 million from 1,227 active participants.
• Plano de Benefícios I (BD) Defined benefit pension plan (Benefício Definido) closed for new enrollments since November 2013. Continues to serve existing participants and beneficiaries with retirement, disability, and death benefit provisions, with monthly amortization of debt from the BD settlement by Codevasf.
• Plano Saldado (BS / PB III) Settled pension plan created from the 2017 settlement of Plano BD, preserving accumulated rights from participants who opted for the settlement process. Non-contributory plan maintained solely by sponsor contributions and investment returns, with benefits annually adjusted by the INPC index.
• Programa de Empréstimos (Personal Loan Program)

Quantifiable outcome

• 40 years without a single day of delay in benefit payments
• +3 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered core.

• Codevasf (Companhia de Desenvolvimento dos Vales do São Francisco e do Parnaíba)coreStrategic or Co-development Partner · 1 January 1981Primary sponsor and founding entity that established the pension fund in 1981. Codevasf contributes matching funds for employee retirement savings, provides ongoing sponsorship for benefit plans, and participates in fund governance through board appointments. Employer matching contributions up to 8% of employee salary in Codeprev plan.
• PREVIC (Superintendência Nacional de Previdência Complementar)coreOthers · 1 January 1981Brazilian regulatory body that authorizes, fiscalizes, and supervises closed supplementary pension entities (EFPC). Grants operational authorization and approves regulatory changes including new statute (Portaria PREVIC nº 442, June 2026).
• ABRAPP (Associação Brasileira das Entidades Fechadas de Prevência Complementar)coreOthersIndustry association for closed pension funds in Brazil. Provides educational resources, best practice guidelines, ethical codes, and organizes regional events. Foundation participates in Abrapp regional encounters and follows ABRAPP ethical conduct codes.

Scale indicators6 records

Recent moves10 records

Expansion highlights4 records

Direct peers

• Eletros (Fundação Eletrobrás de Seguridade Social): Closed pension entity affiliated with Eletrobras group companies. Comparable in single-industry federal sponsor model and multi-plan administration under PREVIC.
• Funcesp (Fundação CESP de Seguridade Social): Closed pension fund for CESP/Sabesp employees in the São Paulo state utilities sector. Comparable as a state-linked single-sponsor EFPC managing legacy BD obligations and modern CD plans.
• Petros (Fundação Petrobras de Seguridade Social): Brazilian closed supplementary pension entity (EFPC) sponsored by Petrobras, administering defined benefit and defined contribution plans for oil sector employees. Directly comparable as a federally-linked single-sponsor EFPC managing multi-billion AUM across BD, CD, and settled plans.
• Funcef (Fundação dos Economiários Federais): Closed pension entity serving Caixa Econômica Federal employees with multi-plan structure including BD and CD. Comparable in operating under PREVIC oversight and managing legacy defined benefit obligations alongside newer contribution plans.
• Valia (Fundação Vale do Rio Doce de Seguridade Social): Closed pension fund sponsored by Vale S.A., operating multiple benefit plans for private-sector employees. Directly comparable as an EFPC administering BD, CD, and managed contribution plans under PREVIC regulation.
• Previ (Caixa de Previdência dos Funcionários do Banco do Brasil): Closed pension fund for Banco do Brasil employees, one of Brazil's largest EFPCs by AUM. Operates under the same PREVIC regulatory framework and similar single-sponsor closed-fund model as Fundação São Francisco.
• Sistel (Fundação Sistel de Seguridade Social): Multisponsor EFPC originally tied to the Brazilian telecom sector, now serving multiple corporate sponsors. Comparable in operating multi-plan pension structures with BD and CD components and undergoing regulatory modernization.
• Capoforte (Fundação Atlântico de Seguridade Social): Closed pension entity serving employees of multiple corporate sponsors. Operates multi-plan EFPC structure with BD and CD components under PREVIC, comparable to Fundação São Francisco's product architecture.
• Real Grandeza (Fundação de Previdência e Assistência Social): Closed pension entity for Eletrobras/Furnas employees in the electricity sector. Comparable as a federal-sector linked EFPC with legacy BD obligations and active CD plans under PREVIC oversight.

Others

• ABRAPP (Associação Brasileira das Entidades Fechadas de Previdência Complementar): Industry association representing Brazilian closed pension funds. Fundação São Francisco is a member; ABRAPP provides ethical codes, best practice guidelines, and sector advocacy relevant to the foundation's regulatory positioning and sector benchmarking.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/funda%C3%A7%C3%A3o-s%C3%A3o-francisco-de-seguridade-social

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 Fundação São Francisco de Seguridade Social