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Original filing (PDF)20251110130701NAL0006045378001
BOARD OF TRUSTEES OF LOCAL 522 PENSION FUND
Form 5500
FILING_RECEIVED
LOCAL 522 PENSION FUND
Defined-benefit pension plan
Signals · 3
81% in single holdingNo recordkeeper disclosed14 service providers
Active participants
846
Accounts w/ balance
—
Plan assets (EOY)
$123.0M
Net assets (EOY)
$122.9M
How this plan invests
This plan
1 pooled trust
Schedule D
25 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
84
/ 100
Grade B
Above-average plan
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
75
Total plan cost
65
Vendor stack
80
Participation health
100
Knocking points off
- Top holding "Add: Investments Reported by Principal Custody" is 81% of plan.
- 51 bps in Schedule C fees — 412% 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 LOCAL 522 PENSION FUND.
Plan sponsor
Name
BOARD OF TRUSTEES OF LOCAL 522 PENSION FUND
EIN
11-6171611
Address
2137 UTICA AVENUE · BROOKLYN, NY · 112343827
Phone
(718) 859-2326
Industry
Wholesale Tradesee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
001
Plan year
2024
Plan year begin
2024-02-01
Tax period
2025-01-31
Filed
2025-11-10
Pension benefit codes
1B · Flat-dollar DB formula
Audit & trust (Schedule H)
Auditor
CALIBRE CPA GROUP, PLLC
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
14 rowsAccountant / Auditor
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| CALIBRE CPA GROUP, LLP | 47-0900880 | — | AUDITOR | $54K | — |
Legal counsel
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| CARY KANE, PLLC | 88-1989795 | — | LEGAL COUNSEL | $20K | — |
Other
12| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| UNITED TEAMSTER FUND | 13-5549593 | — | NONE | $163K | — |
| EAGLE CAPITAL MANAGEMENT | 22-3361201 | — | NONE | $129K | — |
| BRIDGEWAY BENEFIT TECHNOLOGIES | 36-2376645 | — | NONE | $48K | — |
| MORGAN STANLEY SMITH BARNEY, LLC | 11-3658445 | — | NONE | $40K | — |
| PRINCIPAL CUSTODY SOLUTIONS | 42-1466678 | — | NONE | $37K | — |
| AUTOMATIC DATA PROCESSING | 22-1467904 | — | NONE | $32K | — |
| FIRST ACTUARIAL CONSULTING, LLC | 26-3842522 | — | NONE | $30K | — |
| INTERCONTINENTAL REAL ESTATE CORP. | 04-2895544 | — | NONE | $28K | — |
| PBI RESEARCH SERVICES | — | MINNEAPOLIS, MN | NONE | $20K | — |
| UNION LABOR LIFE INSURANCE COMPANY | 13-1423090 | — | NONE | $15K | — |
| PACIFIC INCOME ADVISORS | 22-3283186 | — | NONE | $15K | — |
| MAXON ADMINISTRATORS, INC. | 52-1080377 | — | NONE | $0 | — |
Investments
24 direct securities · 1 pooled fund· $135.3M(100% of reported assets)
Rows tagged as a trust or pooled fund hold many underlying securities. Click one to drill into its own Schedule of Assets — where the individual funds, shares, and CUSIPs live.
Uncategorized
$132.6M
24 holdings
Pooled Separate Account
$2.7M
1 holding
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| Add: Investments Reported by Principal Custody | — | — | $67.1M | $109.1M | 88.7% | |
| Invesco Short Term Bond Fund | — | — | $7.0M | $6.6M | 5.4% | |
| 2. Amortization Credits (a) Combined Credits 2/1/2022 | — | — | $16.2M | $3.6M | 2.9% | |
| Schedule MB, line 8b(3) – Schedule of Projection of Employer Contributions and Withdrawal Liability Payments Employer Withdrawal Liability Plan Year Contributions Payments Total 2024 $3,326,190 $0 | — | — | — | $3.3M | 2.7% | |
| 3. Net Amortization Charges and Credits (a) Total amortization charges | — | — | $21.9M | $3.1M | 2.5% | |
| ULLICO SEPARATE ACCOUNT J THE UNION LABOR LIFE INSURANCE COMPANY · EIN 13-1423090 / PN 203 | Pooled Separate Account | — | $2.5M | $2.7M | 2.2% | |
| US Real Estate US Real Estate Investment Fund LLC | — | — | $2.5M | $1.9M | 1.5% | |
| Entrust Global EntrustPermal Special Opps. IV | — | — | $855K | $819K | 0.7% | |
| 4. Credit Balance on February 1, 2024 | — | — | — | $598K | 0.5% | |
| ENIL 20081 in 2009 2/1/2009 | — | — | $5.2M | $551K | 0.4% | |
| Actuarial loss 2/1/2010 | — | — | $463K | $463K | 0.4% | |
| Administrative | — | — | — | $400K | 0.3% | |
| ENIL 2008 in 2011 2/1/2011 | — | — | $2.6M | $279K | 0.2% | |
| (g) ENIL 2008 in 2014 2/1/2014 | — | — | $2.4M | $253K | 0.2% | |
| (j) Actuarial loss 2/1/2017 | — | — | $1.6M | $245K | 0.2% | |
| (f) ENIL 2008 in 2013 2/1/2013 | — | — | $2.3M | $244K | 0.2% | |
| (i) Actuarial loss 2/1/2016 | — | — | $1.2M | $205K | 0.2% | |
| Assumption change 2/1/2012 | — | — | $523K | $186K | 0.2% | |
| ENIL 2008 in 2012 2/1/2012 | — | — | $1.7M | $177K | 0.1% | |
| (m) Actuarial loss 2/1/2023 | — | — | $1.5M | $163K | 0.1% | |
| (k) Actuarial loss 2/1/2019 | — | — | $1.1M | $152K | 0.1% | |
| (h) Actuarial loss 2/1/2015 | — | — | $545K | $107K | <0.1% | |
| (n) Actuarial loss 2/1/2024 | — | — | $647K | $66K | <0.1% | |
| Entrust Global Entrust Capital Diversified Fund | — | — | $525K | $39K | <0.1% | |
| (l) Actuarial loss 2/1/2020 | — | — | $204K | $25K | <0.1% |