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Original filing (PDF)20260217124511NAL0006072752001
BOARD OF TRUSTEES OF THE UNITED WELFARE FUND
Form 5500
FILING_RECEIVED
UNITED WELFARE FUND-SECURITY PLAN
Health & welfare plan
Signals · 3
~138 bps in Sched C feesNo recordkeeper disclosed12 service providers
Active participants
23,107
Accounts w/ balance
—
Plan assets (EOY)
$285.1M
Net assets (EOY)
$282.7M
How this plan invests
This plan
113 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
89
/ 100
Grade A
Top-tier plan health
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
100
Total plan cost
65
Vendor stack
80
Participation health
100
Knocking points off
- 138 bps in Schedule C fees — 1279% above peer band of 10 bps.
- No recordkeeper disclosed on Schedule C.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for BOARD OF TRUSTEES OF THE UNITED WELFARE FUND.
Plan sponsor
Name
BOARD OF TRUSTEES OF THE UNITED WELFARE FUND
EIN
11-1823976
Address
145 HUGUENOT STREET, SUITE 100 · NEW ROCHELLE, NY · 10801
Phone
(718) 658-4848
Industry
Finance & Insurancesee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
501
Plan year
2024
Plan year begin
2024-05-01
Tax period
2025-04-30
Filed
2026-02-17
Welfare benefit codes
4Q · Other
4U · Dependent Care
Audit & trust (Schedule H)
Auditor
NOVAK FRANCELLA, LLC
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
12 rowsOther
12| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| UNITED SERVICE WORKERS UNION, IUJAT | 11-3040611 | — | AFFILIATED UNION | $1.8M | — |
| UNITED WELFARE FUND - WELFARE DIVIS | 11-1823976 | — | AFFILIATED BENEFITS FUND | $854K | — |
| INTERNATIONAL UNION OF JOURNEYMAN A | 71-0301129 | — | AFFILIATED UNION | $423K | — |
| ROTHMAN, ROCCO, LARUFFA, LLP | 47-5401457 | — | NONE | $264K | — |
| BLACKROCK INVESTMENT MGMT, LLC | 20-5319476 | — | NONE | $260K | — |
| NOVAK FRANCELLA, LLC | 61-1436956 | — | NONE | $116K | — |
| SERVICE PROFESSIONALS UNION LOC 726 | 13-4075932 | — | AFFILIATED UNION | $71K | — |
| DAHAB ASSOCIATES | 11-2783874 | — | NONE | $48K | — |
| HSBC BANK USA NA | 11-1772919 | — | NONE | $44K | — |
| PROSKAUER ROSE, LLP | 13-1840454 | — | NONE | $36K | — |
| MILLIMAN, INC. | 91-0675641 | — | NONE | $32K | — |
| COUNSEL ADVISORS INC | 93-2423182 | — | NONE | $15K | — |
Investments
112 direct securities· $276.0M(97% of reported assets)
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| United States Treasury Note 08/15/29 1.63% | — | — | $15.1M | $13.9M | 4.9% | |
| United States Treasury Note 02/15/36 4.50% | — | — | $12.1M | $12.2M | 4.3% | |
| United States Treasury Note 08/15/39 4.50% | — | — | $11.9M | $11.9M | 4.2% | |
| United States Treasury Note 11/15/34 4.25% | — | — | $11.0M | $11.3M | 4.0% | |
| United States Treasury Note 05/15/39 4.25% | — | — | $11.1M | $11.2M | 3.9% | |
| United States Treasury Note 05/15/44 4.63% | — | — | $11.2M | $11.1M | 3.9% | |
| United States Treasury Note 05/15/41 4.38% | — | — | $11.0M | $11.0M | 3.8% | |
| United States Treasury Note 02/15/38 4.38% | — | — | $10.9M | $10.9M | 3.8% | |
| United States Treasury Note 02/15/44 | — | — | $11.0M | $10.9M | 3.8% | |
| United States Treasury Note 05/15/28 2.88% | — | — | $10.6M | $9.9M | 3.5% | |
| United States Treasury Note 11/15/29 1.75% | — | — | $10.8M | $9.3M | 3.3% | |
| United States Treasury Note 08/15/33 3.88% | — | — | $8.7M | $9.0M | 3.1% | |
| Government National Mortgage Assn POOL II 12/20/53 5.00% | — | — | $8.8M | $8.8M | 3.1% | |
| United States Treasury Note 05/15/34 4.38% | — | — | $8.0M | $8.3M | 2.9% | |
| Government National Mortgage Assn POOL II 10/20/52 5.00% | — | — | $8.1M | $8.0M | 2.8% | |
| Government National Mortgage Assn POOL II 05/20/54 5.00% | — | — | $7.6M | $7.6M | 2.7% | |
| Government National Mortgage Assn POOL II 08/20/53 5.50% | — | — | $7.4M | $7.6M | 2.7% | |
| United States Treasury Note 06/30/31 4.25% | — | — | $7.1M | $7.2M | 2.5% | |
| United States Treasury Note 02/28/31 4.25% | — | — | $7.1M | $7.2M | 2.5% | |
| Government National Mortgage Assn POOL II 06/20/52 4.00% | — | — | $7.2M | $6.8M | 2.4% | |
| Government National Mortgage Assn POOL II 12/20/53 6.50% | — | — | $5.7M | $5.8M | 2.0% | |
| Government National Mortgage Assn POOL II 07/20/52 5.00% | — | — | $5.6M | $5.4M | 1.9% | |
| United States Treasury Note 02/15/34 4.00% | — | — | $5.0M | $5.0M | 1.8% | |
| HSBC US Treasury Money Market Fund | — | — | $4.9M | $4.9M | 1.7% | |
| Government National Mortgage Assn POOL II 01/20/53 5.00% | — | — | $4.1M | $4.0M | 1.4% | |
| Government National Mortgage Assn POOL II 06/20/52 4.50% | — | — | $3.7M | $3.5M | 1.2% | |
| Government National Mortgage Assn POOL II 03/20/54 6.00% | — | — | $3.1M | $3.1M | 1.1% | |
| Government National Mortgage Assn POOL II 03/20/52 3.50% | — | — | $3.2M | $2.9M | 1.0% | |
| Government National Mortgage Assn POOL II 10/20/51 3.00% | — | — | $3.3M | $2.8M | 1.0% | |
| Government National Mortgage Assn POOL II 01/20/52 3.00% | — | — | $3.1M | $2.7M | 0.9% | |
| Government National Mortgage Assn POOL II 06/20/47 3.50% | — | — | $3.0M | $2.6M | 0.9% | |
| Government National Mortgage Assn POOL II 04/20/53 5.00% | — | — | $2.5M | $2.5M | 0.9% | |
| Land - Staten Island, New York | — | — | $2.2M | $2.2M | 0.8% | |
| Government National Mortgage Assn POOL II 04/15/45 4.00% | — | — | $2.3M | $2.0M | 0.7% | |
| Government National Mortgage Assn POOL II 07/20/53 6.00% | — | — | $1.8M | $1.8M | 0.6% | |
| Government National Mortgage Assn POOL II 11/20/47 3.00% | — | — | $2.0M | $1.7M | 0.6% | |
| Government National Mortgage Assn POOL II 11/20/49 3.50% | — | — | $1.9M | $1.6M | 0.6% | |
| Government National Mortgage Assn POOL II 12/20/49 3.50% | — | — | $1.7M | $1.5M | 0.5% | |
| Government National Mortgage Assn POOL II 03/20/50 4.50% | — | — | $1.6M | $1.4M | 0.5% | |
| Government National Mortgage Assn POOL II 11/20/42 3.00% | — | — | $1.3M | $1.1M | 0.4% | |
| Government National Mortgage Assn POOL II 10/20/33 4.00% | — | — | $1.1M | $1.0M | 0.4% | |
| Government National Mortgage Assn POOL II 10/20/45 3.50% | — | — | $1.1M | $964K | 0.3% | |
| Government National Mortgage Assn POOL II 08/20/46 3.00% | — | — | $1.1M | $959K | 0.3% | |
| Government National Mortgage Assn POOL II 03/20/41 4.00% | — | — | $1.0M | $942K | 0.3% | |
| Government National Mortgage Assn POOL II 12/20/47 4.00% | — | — | $998K | $914K | 0.3% | |
| Government National Mortgage Assn POOL II 07/20/42 3.50% | — | — | $876K | $755K | 0.3% | |
| Government National Mortgage Assn POOL II 05/20/48 3.50% | — | — | $808K | $744K | 0.3% | |
| Government National Mortgage Assn POOL I 08/20/34 4.00% | — | — | $775K | $721K | 0.3% | |
| Government National Mortgage Assn POOL II 10/20/41 3.50% | — | — | $797K | $710K | 0.2% | |
| Government National Mortgage Assn POOL II 09/20/48 4.00% | — | — | $747K | $684K | 0.2% | |
| Government National Mortgage Assn POOL I 06/15/40 4.00% | — | — | $686K | $653K | 0.2% | |
| Government National Mortgage Assn POOL II 11/20/48 3.50% | — | — | $700K | $636K | 0.2% | |
| Government National Mortgage Assn POOL II 03/20/48 3.50% | — | — | $683K | $620K | 0.2% | |
| Government National Mortgage Assn POOL G2 09/20/46 3.00% | — | — | $653K | $578K | 0.2% | |
| Government National Mortgage Assn POOL II 01/20/50 3.50% | — | — | $616K | $545K | 0.2% | |
| Government National Mortgage Assn POOL II 01/20/41 4.00% | — | — | $454K | $533K | 0.2% | |
| Government National Mortgage Assn POOL II 11/20/41 4.50% | — | — | $571K | $514K | 0.2% | |
| Government National Mortgage Assn POOL I 09/20/29 3.00% | — | — | $545K | $507K | 0.2% | |
| Government National Mortgage Assn POOL II 10/20/40 4.00% | — | — | $559K | $505K | 0.2% | |
| Government National Mortgage Assn POOL II 07/20/28 2.50% | — | — | $503K | $499K | 0.2% | |
| Government National Mortgage Assn POOL II 05/20/39 5.00% | — | — | $503K | $491K | 0.2% | |
| Government National Mortgage Assn POOL II 10/20/41 4.00% | — | — | $536K | $481K | 0.2% | |
| Government National Mortgage Assn POOL II 06/20/44 4.00% | — | — | $528K | $476K | 0.2% | |
| Government National Mortgage Assn POOL II 12/20/27 3.00% | — | — | $487K | $464K | 0.2% | |
| Government National Mortgage Assn POOL II 02/20/39 4.50% | — | — | $468K | $459K | 0.2% | |
| Government National Mortgage Assn POOL II 03/20/41 4.50% | — | — | $437K | $423K | 0.1% | |
| Government National Mortgage Assn POOL II 02/20/28 2.50% | — | — | $440K | $414K | 0.1% | |
| Government National Mortgage Assn POOL II 03/20/28 2.50% | — | — | $429K | $401K | 0.1% | |
| Government National Mortgage Assn POOL II 06/20/28 3.00% | — | — | $406K | $389K | 0.1% | |
| Government National Mortgage Assn POOL II 01/20/34 3.50% | — | — | $399K | $388K | 0.1% | |
| Government National Mortgage Assn POOL II 07/20/40 4.50% | — | — | $404K | $384K | 0.1% | |
| Government National Mortgage Assn POOL II 01/20/28 2.50% | — | — | $396K | $374K | 0.1% | |
| Government National Mortgage Assn POOL I 11/15/35 5.50% | — | — | $390K | $371K | 0.1% | |
| Government National Mortgage Assn POOL II 04/20/40 4.50% | — | — | $382K | $370K | 0.1% | |
| Government National Mortgage Assn POOL II 02/20/28 3.00% | — | — | $359K | $334K | 0.1% | |
| Government National Mortgage Assn POOL II 05/20/44 4.00% | — | — | $336K | $301K | 0.1% | |
| Government National Mortgage Assn POOL I 11/15/34 5.50% | — | — | $271K | $276K | <0.1% | |
| Government National Mortgage Assn POOL II 11/20/40 4.50% | — | — | $275K | $260K | <0.1% | |
| Government National Mortgage Assn POOL I 03/15/38 5.50% | — | — | $218K | $222K | <0.1% | |
| Government National Mortgage Assn POOL II 04/20/27 3.00% | — | — | $199K | $186K | <0.1% | |
| Government National Mortgage Assn POOL I 02/15/38 5.00% | — | — | $186K | $185K | <0.1% | |
| Government National Mortgage Assn POOL II 01/20/39 5.00% | — | — | $185K | $184K | <0.1% | |
| Government National Mortgage Assn POOL I 06/15/36 5.50% | — | — | $168K | $174K | <0.1% | |
| Government National Mortgage Assn POOL II 05/20/27 3.00% | — | — | $183K | $171K | <0.1% | |
| Government National Mortgage Assn POOL I 01/15/38 6.00% | — | — | $155K | $157K | <0.1% | |
| Government National Mortgage Assn POOL I 05/15/27 3.50% | — | — | $162K | $149K | <0.1% | |
| Government National Mortgage Assn POOL I 06/15/37 6.00% | — | — | $138K | $145K | <0.1% | |
| Government National Mortgage Assn POOL II 01/20/27 3.00% | — | — | $154K | $144K | <0.1% | |
| Government National Mortgage Assn POOL I 05/15/37 5.50% | — | — | $88K | $92K | <0.1% | |
| Government National Mortgage Assn POOL I 08/15/37 5.50% | — | — | $74K | $78K | <0.1% | |
| Government National Mortgage Assn POOL I 07/15/38 5.50% | — | — | $59K | $63K | <0.1% | |
| Government National Mortgage Assn POOL II 06/20/26 4.00% | — | — | $49K | $46K | <0.1% | |
| Government National Mortgage Assn POOL I 06/15/28 7.00% | — | — | $40K | $41K | <0.1% | |
| Government National Mortgage Assn POOL I 01/15/29 6.00% | — | — | $29K | $30K | <0.1% | |
| Government National Mortgage Assn POOL II 02/20/26 4.00% | — | — | $29K | $28K | <0.1% | |
| Government National Mortgage Assn POOL I 11/15/28 6.00% | — | — | $22K | $22K | <0.1% | |
| Government National Mortgage Assn POOL I 05/15/32 6.50% | — | — | $21K | $21K | <0.1% | |
| Government National Mortgage Assn POOL II 12/20/28 6.50% | — | — | $18K | $18K | <0.1% | |
| Government National Mortgage Assn POOL I 09/15/31 7.00% | — | — | $17K | $18K | <0.1% | |
| Government National Mortgage Assn POOL I 06/15/28 6.00% | — | — | $18K | $17K | <0.1% | |
| Government National Mortgage Assn POOL I 12/15/31 6.50% | — | — | $17K | $17K | <0.1% | |
| Government National Mortgage Assn POOL I 05/15/29 6.50% | — | — | $15K | $15K | <0.1% | |
| Government National Mortgage Assn POOL I 12/15/30 7.00% | — | — | $15K | $15K | <0.1% | |
| Government National Mortgage Assn POOL I 06/15/29 7.00% | — | — | $13K | $14K | <0.1% | |
| Government National Mortgage Assn POOL I 11/15/28 8.00% | — | — | $13K | $14K | <0.1% | |
| Government National Mortgage Assn POOL I 08/15/28 6.50% | — | — | $4K | $4K | <0.1% | |
| Government National Mortgage Assn POOL I 02/15/26 6.50% | — | — | $4K | $4K | <0.1% | |
| Government National Mortgage Assn POOL I 01/15/28 6.50% | — | — | $4K | $4K | <0.1% | |
| Government National Mortgage Assn POOL I 04/15/28 6.50% | — | — | $4K | $4K | <0.1% | |
| Government National Mortgage Assn POOL I 11/15/31 6.50% | — | — | $3K | $3K | <0.1% | |
| Government National Mortgage Assn POOL I 03/15/29 7.00% | — | — | $2K | $2K | <0.1% | |
| Government National Mortgage Assn POOL I 03/15/31 7.00% | — | — | $2K | $2K | <0.1% |