Total assets: $$147.8 billion
Defined benefit: $139.2 billion
Defined contribution: $8.6 billion
The statutory and fiduciary mandate of the State Board of Administration of Florida (SBA) is to invest, manage and safeguard assets of the Florida Retirement System (FRS) Trust Fund as well as the assets of a variety of other funds. The SBA manages 25 different investment funds and trust clients.