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Original filing (PDF)20251015120200NAL0002257155006
BOARD OF TRUSTEES IBEW LOCAL 1049
Form 5500
FILING_RECEIVED
IBEW LOCAL 1049 CRAFT ANNUITY FUND
Defined-contribution retirement plan
Signals · 3
37% in single holdingNo recordkeeper disclosed7 service providers
Active participants
3,321
Accounts w/ balance
3,362
Plan assets (EOY)
$349.2M
Net assets (EOY)
$348.9M
How this plan invests
This plan
16 pooled trusts
Schedule D
18 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
94
/ 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
82
Total plan cost
100
Vendor stack
80
Participation health
100
Knocking points off
- Top holding "MassMutual 20/80 Allocation (MassMutual)" is 37% of plan.
- No recordkeeper disclosed on Schedule C.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for BOARD OF TRUSTEES IBEW LOCAL 1049.
Plan sponsor
Name
BOARD OF TRUSTEES IBEW LOCAL 1049
DBA
CRAFT ANNUITY FUND
EIN
11-3051862
Address
100 CORPORATE DRIVE · HOLTSVILLE, NY · 11742
Phone
(631) 234-1803
Industry
Electrical Contractors· Constructionsee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
001
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-15
Pension benefit codes
2E · Profit-sharing
2F · ERISA section 404(c)
2T · Default investment account (QDIA)
Audit & trust (Schedule H)
Auditor
GOULD, KOBRICK, & SCHLAPP, P.C.
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
7 rowsAccountant / Auditor
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| GOULD, KOBRICK, & SCHLAPP, P.C. | 13-3082707 | NEW YORK, NY | UNION ACCOUNTANT | $20K | — |
Legal counsel
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| HOLM & OHARA, LLP | 13-3591118 | NEW YORK, NY | UNION ATTORNEY | $31K | — |
Other
5| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| IBEW LOCAL 1049 HEALTH & WELFARE FD | 11-6043757 | HOLTSVILLE, NY | RELATED BENEFIT PLAN | $173K | — |
| FIRST FINANCIAL SERVICES | 11-3043712 | — | NONE | $165K | — |
| KOBGO ASSOCIATES, INC | 13-2751089 | NEW YORK, NY | NONE | $12K | — |
| SYNTONIC SYSTEMS, INC. | 13-2925049 | — | NONE | $8K | — |
| STEPHEN FRIEDMAN | 20-2410530 | MATTITUCK, NY | NONE | $6K | — |
Investments
3 direct securities · 16 pooled funds· $343.4M(98% of reported assets)
Rows tagged as a trust or pooled fund hold many underlying securities. Their holdings are itemized on each fund’s own Form 5500.
Pooled Separate Account
$291.5M
16 holdings
Uncategorized
$51.9M
3 holdings
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| MASSMUTUAL 20/80 ALLOCATION SVC MASSMUTUAL · EIN 90-0779283 / PN 000 | Pooled Separate Account | — | — | $125.4M | 35.9% | |
| MassMutual Guaranteed Interest Account | — | — | — | $51.8M | 14.8% | |
| MM S&P 500 R INDEX R5 MASSMUTUAL · EIN 04-1590850 / PN 000 | Pooled Separate Account | — | — | $33.3M | 9.5% | |
| MASSMUTUAL BLUE CHIP GROWTH SVC MASSMUTUAL · EIN 04-1590850 / PN 000 | Pooled Separate Account | — | — | $30.5M | 8.7% | |
| MASSMUTUAL 60/40 ALLOCATION SVC MASSMUTUAL · EIN 90-0779283 / PN 000 | Pooled Separate Account | — | — | $17.7M | 5.1% | |
| AMERICAN FUNDS GROWTH FUND OF AMER AMERICAN FUNDS · EIN 04-1590850 / PN 000 | Pooled Separate Account | — | — | $16.9M | 4.8% | |
| MASSMUTUAL 80/20 ALLOCATION MASSMUTUAL · EIN 90-0779283 / PN 000 | Pooled Separate Account | — | — | $14.3M | 4.1% | |
| MASSMUTUAL DIVERSIFIED VALUE SVC MASSMUTUAL · EIN 04-1590850 / PN 000 | Pooled Separate Account | — | — | $9.3M | 2.7% | |
| MASSMUTUAL MID CAP GROWTH SVC MASSMUTUAL · EIN 04-1590850 / PN 000 | Pooled Separate Account | — | — | $8.5M | 2.4% | |
| MASSMUTUAL TOTAL RETURN BOND SVC MASSMUTUAL · EIN 04-1590850 / PN 000 | Pooled Separate Account | — | — | $7.4M | 2.1% | |
| MASSMUTUAL GLOGAL ADM MASSMUTUAL · EIN 04-1590850 / PN 000 | Pooled Separate Account | — | — | $6.6M | 1.9% | |
| MASSMUTUAL OVERSEAS R5 MASSMUTUAL · EIN 04-1590850 / PN 000 | Pooled Separate Account | — | — | $5.0M | 1.4% | |
| MASSMUTUAL 40/60 ALLOCATION MASSMUTUAL · EIN 90-0779283 / PN 000 | Pooled Separate Account | — | — | $4.9M | 1.4% | |
| WELLS FARGO SPECIAL MID CAP VAL A ALLSPRING GLOBAL INVESTMENTS · EIN 04-1590850 / PN 000 | Pooled Separate Account | — | — | $4.6M | 1.3% | |
| INVESCO SMALL CAP GROWTH A INVESCO · EIN 04-1590850 / PN 000 | Pooled Separate Account | — | — | $3.9M | 1.1% | |
| VICOTRY SYCAMORE SMALL CO OPP A VICTORIA CAPITAL · EIN 90-0342299 / PN 000 | Pooled Separate Account | — | — | $3.1M | 0.9% | |
| MassMutual Holding account | — | — | — | $110K | <0.1% | |
| Chase Bank Money market account | — | — | — | $21K | <0.1% | |
| FUNDMENTAL VALUE MASSACHUSETTS MUTUAL LIFE INSURANCE · EIN 04-1590850 / PN 000 | Pooled Separate Account | — | — | $0 | <0.1% |