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Original filing (PDF)20260217124511NAL0006072752002
BOARD OF TRUSTEES OF THE UNITED WELFARE FUND
Form 5500
FILING_RECEIVED
UNITED WELFARE FUND-WELFARE DIVISION
Health & welfare plan
Signals · 4
33% in single holding~741 bps in Sched C feesNo recordkeeper disclosed49 service providers
Active participants
88,543
Accounts w/ balance
—
Plan assets (EOY)
$277.5M
Net assets (EOY)
$239.0M
How this plan invests
This plan
74 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
86
/ 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
84
Total plan cost
65
Vendor stack
80
Participation health
100
Knocking points off
- Top holding "Flagstar US Treasury Money Market Fund" is 33% of plan.
- 741 bps in Schedule C fees — 7309% 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
502
Plan year
2024
Plan year begin
2024-05-01
Tax period
2025-04-30
Filed
2026-02-17
Welfare benefit codes
4A · Health (other than dental or vision)
4B · Life Insurance
4D · Dental
4E · Vision
4F · Temporary Disability (accident and sickness)
4U · Dependent Care
Audit & trust (Schedule H)
Auditor
NOVAK FRANCELLA, LLC
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
49 rowsOther
49| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| UMR, INC. | 39-1995276 | — | NONE | $6.1M | — |
| UNITED SERVICE WORKERS UNION, IUJAT | 11-3040611 | — | AFFILIATED UNION | $4.8M | — |
| EXPRESS SCRIPTS, INC. | 43-1420563 | — | NONE | $1.8M | — |
| SUPREME BENEFITS, LLC | 86-1295860 | — | NONE | $1.4M | — |
| INT'L UNION OF JOURNEYMAN AND ALLIE | 71-0301129 | — | AFFILIATED UNION | $1.0M | — |
| NOVAK FRANCELLA, LLC | 61-1436956 | — | NONE | $469K | — |
| JOSEPH M. PECORA, JR. | 11-1823976 | — | EMPLOYEE | $327K | — |
| ROTHMAN, ROCCO, LARUFFA, LLP | 47-5401457 | — | NONE | $312K | — |
| STEVEN ELLIOTT JR. | 11-1823976 | — | EMPLOYEE | $309K | — |
| THOMAS MACK | 11-1823976 | — | EMPLOYEE | $286K | — |
| PROSKAUER ROSE, LLP | 13-1840454 | — | NONE | $285K | — |
| CEDUAN LIU | 11-1823976 | — | EMPLOYEE | $275K | — |
| MATTHEW POWER | 11-1823976 | — | EMPLOYEE | $239K | — |
| JAMES MACK | 11-1823976 | — | EMPLOYEE | $239K | — |
| SAM MATTHEWS | 11-1823976 | — | EMPLOYEE | $224K | — |
| MORVILLO ABRAMOWITZ GRAND | 13-2996017 | — | NONE | $205K | — |
| SERVICE PROFESSIONALS UNION LOC 726 | 13-4075932 | — | AFFILIATED UNION | $179K | — |
| WINSTON PEREZ | 11-1823976 | — | EMPLOYEE | $169K | — |
| HORIZON KNOWLEDGE | 13-4143165 | — | NONE | $169K | — |
| ROSEMARY SINGH | 11-1823976 | — | EMPLOYEE | $122K | — |
| ROBERT HALF INTERNATIONAL, INC. | 94-1648752 | — | NONE | $119K | — |
| JOSEPHINE FALCONE | — | MASSAPEQUA, NY | NONE | $99K | — |
| EDANA COLEGROVE | 11-1823976 | — | EMPLOYEE | $98K | — |
| MICHAEL BAIN | 11-1823976 | — | EMPLOYEE | $90K | — |
| JADE SAWANGSANG | 11-1823976 | — | EMPLOYEE | $90K | — |
| SRIKANTH GOLYALLA GOUD | 11-1823976 | — | EMPLOYEE | $87K | — |
| JANE FENG | 11-1823976 | — | EMPLOYEE | $83K | — |
| RICHARD KEARSE | 11-1823976 | — | EMPLOYEE | $79K | — |
| URMELLA SINGH | 11-1823976 | — | EMPLOYEE | $78K | — |
| VELOCITY SEARCH GROUP | 27-4539833 | — | NONE | $72K | — |
| BLACKROCK INVESTMENT MANAGEMENT | 20-5319476 | — | NONE | $71K | — |
| STEVE SAVINO | 11-1823976 | — | EMPLOYEE | $68K | — |
| MILLIMAN, INC. | 91-0675641 | — | NONE | $67K | — |
| MARIA RUIZ | 11-1823976 | — | EMPLOYEE | $66K | — |
| LIZETTE J. PHILLIPS | 11-1823976 | — | EMPLOYEE | $55K | — |
| VANTA, INC. | 81-4133785 | — | NONE | $49K | — |
| GIBSON, DUNN & CRUTCHER, LLP | 95-1611234 | — | NONE | $48K | — |
| DAHAB ASSOCIATES, INC. | 11-2783874 | — | NONE | $48K | — |
| LAURA GONZALEZ | 11-1823976 | — | EMPLOYEE | $47K | — |
| SHANE MALONE | 11-1823976 | — | EMPLOYEE | $41K | — |
| NICOLE CONTRERAS | 11-1823976 | — | EMPLOYEE | $39K | — |
| MARIA RIVERA | 11-1823976 | — | EMPLOYEE | $30K | — |
| LEASE & IABAU, INC. | 11-2980602 | — | NONE | $30K | — |
| COMERICA BANK | 42-1741646 | — | NONE | $24K | — |
| THE WAGNER LAW GROUP | 04-3323315 | — | NONE | $23K | — |
| COUNSEL ADVISORS INC. | 93-2423182 | — | NONE | $15K | — |
| A&A MAINTENANCE ENTERPRISE INC | 13-3149505 | — | NONE | $14K | — |
| LEADING EDGE ADMINISTRATORS | 81-2707118 | — | NONE | $12K | — |
| ARGENT WRITING & DESIGN | — | RICHMOND, VA | NONE | $7K | — |
Investments
69 direct securities· $255.5M(92% of reported assets)
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| Flagstar US Treasury Money Market Fund | — | — | $87.9M | $87.9M | 31.7% | |
| United States Treasury Bond 02/28/30 | — | — | $6.1M | $6.1M | 2.2% | |
| United States Treasury Bond 08/15/29 | — | — | $5.8M | $5.8M | 2.1% | |
| United States Treasury Bond 01/31/29 | — | — | $5.3M | $5.5M | 2.0% | |
| United States Treasury Bond 02/15/26 | — | — | $5.3M | $5.3M | 1.9% | |
| United States Treasury Note 01/31/29 | — | — | $5.3M | $5.3M | 1.9% | |
| United States Treasury Note 12/31/29 | — | — | $5.1M | $5.2M | 1.9% | |
| United States Treasury Note 08/31/29 | — | — | $5.2M | $5.2M | 1.9% | |
| United States Treasury Note | — | — | $5.0M | $5.1M | 1.8% | |
| United States Treasury Bond 09/30/29 | — | — | $5.0M | $5.0M | 1.8% | |
| United States Treasury Bond 01/15/27 | — | — | $5.0M | $5.0M | 1.8% | |
| United States Treasury Note 12/31/25 | — | — | $5.0M | $5.0M | 1.8% | |
| United States Treasury Note 02/28/26 | — | — | $4.9M | $4.9M | 1.8% | |
| United States Treasury Note 04/30/29 | — | — | $4.7M | $4.9M | 1.7% | |
| United States Treasury Note 02/15/29 | — | — | $4.7M | $4.8M | 1.7% | |
| United States Treasury Note 01/01/26 | — | — | $4.8M | $4.8M | 1.7% | |
| United States Treasury Note 02/15/27 | — | — | $4.7M | $4.8M | 1.7% | |
| United States Treasury Note 07/31/30 | — | — | $4.7M | $4.8M | 1.7% | |
| United States Treasury Note 11/18/28 | — | — | $5.0M | $4.7M | 1.7% | |
| United States Treasury Note 12/31/25 | — | — | $4.5M | $4.6M | 1.7% | |
| United States Treasury Note 11/30/30 | — | — | $4.6M | $4.6M | 1.7% | |
| United States Treasury Note 12/31/28 | — | — | $4.3M | $4.4M | 1.6% | |
| United States Treasury Bond 02/28/31 | — | — | $4.1M | $4.2M | 1.5% | |
| United States Treasury Bond 01/15/26 | — | — | $4.1M | $4.1M | 1.5% | |
| United States Treasury Note 05/31/24 | — | — | $3.9M | $4.0M | 1.4% | |
| United States Treasury Note 01/31/27 | — | — | $3.8M | $4.0M | 1.4% | |
| United States Treasury Note 05/31/26 | — | — | $3.9M | $3.9M | 1.4% | |
| United States Treasury Bond 05/15/26 | — | — | $3.1M | $2.9M | 1.1% | |
| United States Treasury Note 02/28/26 | — | — | $2.9M | $2.9M | 1.1% | |
| United States Treasury Note 04/30/26 | — | — | $3.0M | $2.9M | 1.0% | |
| United States Treasury Bond 08/31/27 | — | — | $2.9M | $2.8M | 1.0% | |
| United States Treasury Bond 05/15/28 | — | — | $3.0M | $2.7M | 1.0% | |
| United States Treasury Note 10/31/27 | — | — | $2.4M | $2.3M | 0.8% | |
| United States Treasury Note 12/31/30 | — | — | $2.3M | $2.3M | 0.8% | |
| United States Treasury Note 05/15/29 | — | — | $1.7M | $1.8M | 0.7% | |
| United States Treasury Note 01/31/29 | — | — | $1.9M | $1.8M | 0.6% | |
| Federal Home Loan Mortgage Corp. Bond 09/22/25 0.680 % | — | — | $1.5M | $1.5M | 0.5% | |
| Federal Home Loan Mortgage Corp. Bond 03/30/26 | — | — | $1.5M | $1.5M | 0.5% | |
| Goldman Sachs Financial Square Funds | — | — | $1.3M | $1.3M | 0.5% | |
| Federal Home Loan Mortgage Corp. Bond 05/15/30 | — | — | $1.2M | $1.2M | 0.4% | |
| Federal Home Loan Mortgage Corp. Bond 11/15/30 | — | — | $1.1M | $1.1M | 0.4% | |
| American Express Co Bond 04/25/30 VAR % | — | — | $515K | $517K | 0.2% | |
| Waste Management Bond 03/15/30 | — | — | $490K | $508K | 0.2% | |
| JP Morgan Chase Bond 07/22/30 VAR | — | — | $509K | $507K | 0.2% | |
| Marsh & Mclennan Bond 03/15/30 | — | — | $491K | $504K | 0.2% | |
| Marsh & Mclennan Bond 03/15/29 | — | — | $495K | $501K | 0.2% | |
| State Street Corp Bond 08/18/25 | — | — | $540K | $498K | 0.2% | |
| JP Morgan Chase Bond 04/01/26 | — | — | $483K | $495K | 0.2% | |
| Exxon Mobile Corporation Bond 03/01/26 | — | — | $529K | $495K | 0.2% | |
| Bank of America Corp Bond 10/21/27 | — | — | $533K | $489K | 0.2% | |
| Bank of America Corp Bond 03/11/27 | — | — | $462K | $488K | 0.2% | |
| JP Morgan Chase Bond 02/04/27 | — | — | $485K | $487K | 0.2% | |
| Trust Financial Corporation Bond 03/02/27 | — | — | $492K | $486K | 0.2% | |
| United Health Group Inc Bond 08/15/29 | — | — | $462K | $473K | 0.2% | |
| Visa Inc Bond 08/15/27 | — | — | $482K | $467K | 0.2% | |
| Enterprise Prods Oper LLC Bond 01/31/30 | — | — | $451K | $466K | 0.2% | |
| Nvidia Corp Bond 06/15/28 | — | — | $495K | $466K | 0.2% | |
| Coca Cola Co Bond 03/15/28 | — | — | $481K | $463K | 0.2% | |
| PNC Financial Services Group Inc Bond 01/22/30 | — | — | $436K | $457K | 0.2% | |
| Comcast Corp Bond 10/15/28 | — | — | $455K | $399K | 0.1% | |
| Duke Energy Progress LLC Bond 08/15/25 | — | — | $427K | $398K | 0.1% | |
| Berkshire Hathaway Inc Bond 03/15/26 | — | — | $428K | $396K | 0.1% | |
| United Health Group Inc Bond 03/15/26 | — | — | $429K | $396K | 0.1% | |
| Pfizer Inc Bond 12/15/26 | — | — | $432K | $394K | 0.1% | |
| Procter & Gamble Co Bond 08/11/27 | — | — | $429K | $391K | 0.1% | |
| Home Depot Inc Bond 09/14/27 | — | — | $426K | $389K | 0.1% | |
| Comcast Corp Bond 04/01/30 | — | — | $368K | $381K | 0.1% | |
| Paypal Holdings Inc Bond 10/01/29 | — | — | $358K | $376K | 0.1% | |
| Home Depot Inc Bond 04/15/30 | — | — | $356K | $371K | 0.1% |