Original filing (PDF)20260205171056NAL0005433025001

BOARD OF TRUSTEES OF LOCAL 298 HEALTH BENEFIT FUND 1

Name: BOARD OF TRUSTEES OF LOCAL 298 HEALTH BENEFIT FUND 1 — LOCAL 298 HEALTH BENEFIT FUND I, Form 5500 (2024)
Creator: BOARD OF TRUSTEES OF LOCAL 298 HEALTH BENEFIT FUND 1

Form 5500

FILING_RECEIVED

LOCAL 298 HEALTH BENEFIT FUND I

Health & welfare plan

Signals · 5

Late filing · 2.6 moPossibly inadequate fidelity bond32% in single holding~1502 bps in Sched C fees22 service providers

Active participants

2,172

Accounts w/ balance

—

Plan assets (EOY)

$23.3M

Net assets (EOY)

$4.2M

How this plan invests

This plan

104 securities

funds · stocks · CUSIPs

Holdings are itemized directly on this plan's Schedule of Assets, below.

Plan health score

Average plan with room to improve

Directional indicator from public Form 5500 data — compliance & integrity, total plan cost, participant health and vendor stack, benchmarked against same-size peers. Not a fiduciary tool.

Compliance & integrity

Total plan cost

Plan health

Vendor & structure

100

Knocking points off

Filed 2.6 months past the 10.5-month grace window.
Holds assets with an undetermined value.
Fidelity bond appears below the 10%-of-assets requirement.
Total administrative cost in the bottom quartile of peers (1st percentile).

Decision-maker contacts

One unlock reveals every key decision-maker — plan signer, CFO, HR & Benefits — with verified email + LinkedIn for BOARD OF TRUSTEES OF LOCAL 298 HEALTH BENEFIT FUND 1.

Plan sponsor

Name

BOARD OF TRUSTEES OF LOCAL 298 HEALTH BENEFIT FUND 1

EIN

11-1967404

Address

201 WEST VALLEY STREAM BLVD · VALLEY STREAM, NY · 115805538

Phone

(516) 872-6690

Industry

Finance & Insurancesee all

Plan administrator

Same as plan sponsor.

Plan characteristics

Plan number

501

Plan year

2024

Plan year begin

2024-01-01

Tax period

2024-12-31

Filed

2026-02-05

Welfare benefit codes

4A · Health (other than dental or vision)

4B · Life Insurance

4D · Dental

4E · Vision

Audit & trust (Schedule H)

Auditor

NOVAK FRANCELLA, LLC

Trustee / custodian

—

Trustee phone

—

Service providers (Schedule C)

22 rows

Accountant / Auditor

Name	EIN	Location	Relation	Direct comp	Indirect comp
LAWRENCE S. FISCHER, CPA	52-2326815	—	NONE	$7K	—

Investments

104 direct securities· $21.8M(94% of reported assets)

Other securities

$13.1M

43 holdings

Cash / Money Market

$4.5M

1 holding

Common Stock

$1.7M

31 holdings

Bonds / Notes

$1.3M

2 holdings

U.S. Treasuries

$953K

11 holdings

Agency / Mortgage-Backed

$282K

16 holdings

					% of plan
Vanguard Short-Term Investment Grade Admiral	Other securities	—	$2.4M	$6.9M	29.6%
Vanguard Treasury Money Market Fund	Cash / Money Market	—	$4.5M	$4.5M	19.4%
Vanguard Institutional Index Fund Institutional	Other securities	—	$3.9M	$2.3M	10.1%
U.S. Real Estate Investment Fund LLC	Other securities	—	$1.8M	$1.8M	7.7%
Prudential Fixed Rate Fund	Bonds / Notes	—	$1.3M	$1.3M	5.4%
United States Treasury Note 11/15/32	U.S. Treasuries	—	$309K	$297K	1.3%
United States Treasury Bond 11/15/42	U.S. Treasuries	—	$235K	$216K	0.9%
Lending Club Business Interest Checking MMA Demand Var	Other securities	—	$216K	$216K	0.9%
Federal National Mortgage Association Pool 09/01/53	Other securities	—	$116K	$116K	0.5%
United Parcel Service Bond 04/01/40	Other securities	—	$118K	$112K	0.5%
Truist Financial Corp. Bond 10/28/33 Var	Common Stock	—	$102K	$104K	0.4%
Allstate Corp. Bond 08/15/53 Var	Common Stock	—	$106K	$100K	0.4%
Federal Home Loan Bank Bond 12/27/35	Other securities	—	$100K	$100K	0.4%
Federal Home Loan Bank Bond 12/06/40	Other securities	—	$100K	$100K	0.4%
American Express Co. Bond 05/26/33 Var	Common Stock	—	$99K	$98K	0.4%
United States Treasury Note 05/15/32	U.S. Treasuries	—	$101K	$90K	0.4%
Duke Energy Carolinas Bond 06/01/37	Other securities	—	$113K	$83K	0.4%
Federal Home Loan Bank Bond 05/23/34	Other securities	—	$80K	$80K	0.3%
Federal Farm Credit Bank Bond 06/10/39	Other securities	—	$80K	$80K	0.3%
Schwab Charles Corp. Bond 08/24/34 Var %	Common Stock	—	$75K	$79K	0.3%
Federal Home Loan Mortgage Corporation Pool 09/01/53	Agency / Mortgage-Backed	—	$78K	$77K	0.3%
Federal Farm Credit Bank Bond 05/06/39	Other securities	—	$75K	$75K	0.3%
Federal Farm Credit Bank Bond 10/28/44	Other securities	—	$75K	$75K	0.3%
MetLife Inc Bond 12/15/34	Common Stock	—	$75K	$75K	0.3%
Goldman Sachs Group Bond 07/23/35 Var	Common Stock	—	$75K	$74K	0.3%
United States Treasury Note 11/15/34	U.S. Treasuries	—	$74K	$73K	0.3%
Union Electric Co. Bond 03/15/53	Common Stock	—	$75K	$72K	0.3%
Federal Home Loan Mortgage Corporation Pool 03/01/54	Agency / Mortgage-Backed	—	$71K	$71K	0.3%
Federal Farm Credit Bank Bond 11/14/44	Other securities	—	$70K	$70K	0.3%
Lowe's Cos Inc. Bond 09/15/44	Common Stock	—	$80K	$70K	0.3%
United States Treasury Note 08/31/30	U.S. Treasuries	—	$70K	$69K	0.3%
Simon Property Group LP Bond 03/08/53	Common Stock	—	$64K	$65K	0.3%
Union Pacific Corp. Bond 02/01/44	Common Stock	—	$70K	$65K	0.3%
Raytheon Technologies Bond 02/27/33	Other securities	—	$65K	$64K	0.3%
Occidental Petroleum Corp. Bond 09/15/36	Common Stock	—	$76K	$63K	0.3%
Kinder Morgan Bond 03/15/35	Other securities	—	$79K	$60K	0.3%
Federal Home Loan Bank Bond 11/22/39	Other securities	—	$60K	$60K	0.3%
Xcel Energy Inc. Bond 03/15/34	Common Stock	—	$60K	$60K	0.3%
United Technologies Corp. Bond 11/16/28	Common Stock	—	$68K	$58K	0.3%
Nationwide Mutual Insurance Bond 04/01/33	Other securities	—	$71K	$55K	0.2%
Federal Farm Credit Bank Bond 08/14/34	Other securities	—	$55K	$55K	0.2%
Oglethorpe Power Corp. Bond 12/01/42	Common Stock	—	$73K	$54K	0.2%
Quest Diagnostic Bond 01/30/40	Other securities	—	$58K	$53K	0.2%
Anheuser Busch Co. Bond 01/15/33	Common Stock	—	$55K	$52K	0.2%
New York Life Insurance Bond 05/15/33	Other securities	—	$60K	$52K	0.2%
Federal Farm Credit Bank Bond 04/25/39	Other securities	—	$50K	$50K	0.2%
United States Treasury Note 11/30/28	U.S. Treasuries	—	$50K	$50K	0.2%
Federal Home Loan Mortgage Corporation Pool 01/01/53	Agency / Mortgage-Backed	—	$50K	$50K	0.2%
HCA Inc. Bond 11/06/33	Common Stock	—	$51K	$50K	0.2%
Avent Inc. Bond 05/15/31	Common Stock	—	$58K	$49K	0.2%

1–50 of 104

1 / 3

Fund families in this plan

Detected from the parsed Schedule of Assets. Click a family to see every plan that holds it — ranked by position size.

Vanguard$13.8M Prudential / PGIM$1.3M Schwab$79K MetLife$75K Goldman Sachs$74K Nationwide$55K Voya$47K

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Name	EIN	Location	Relation	Direct comp	Indirect comp
ANTHEM BLUE CROSS	23-7391136	—	NONE	$1.1M	—
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JOSEPH GIOVINCO	11-1967404	—	EMPLOYEE	$176K	—
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MCCARTHY & PREECE, PLLC	84-3667887	—	NONE	$46K	—
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JOSEPH MANZELLA	11-1967404	—	EMPLOYEE	$38K	—
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NICOLE JEAN-CHARLES	11-1967404	—	EMPLOYEE	$35K	—
ANTHONY RAINONE	11-1967404	—	EMPLOYEE	$33K	—
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WEAVER AND TIDWELL LLP	75-0786316	—	NONE	$30K	—
NORA ROA	11-1967404	—	EMPLOYEE	$29K	—
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INTERCONTINENTAL REAL ESTATE INVEST	04-3549299	—	NONE	$18K	—
QUAN-VEST CONSULTANTS, INC.	11-2559669	—	NONE	$14K	—
ATALANTA SOSNOFF CAPITAL LLC	13-3098640	—	NONE	$13K	—
SUMMIT ACTUARIAL SERVICES	11-4385930	—	NONE	$10K	—
D.D. SERVICES INC.	11-2705347	—	NONE	$7K	—