Original filing (PDF)20251013141829NAL0000705859001

BOARD OF TRUSTEES LOCAL UNION 373 U.A. PENSION FUND

Name: BOARD OF TRUSTEES LOCAL UNION 373 U.A. PENSION FUND — PLUMBERS & STEAMFITTERS PENSION FUND LOCAL UNION 373, Form 5500 (2024)
Creator: BOARD OF TRUSTEES LOCAL UNION 373 U.A. PENSION FUND

Form 5500

FILING_RECEIVED

PLUMBERS & STEAMFITTERS PENSION FUND LOCAL UNION 373

Defined-benefit pension plan

Signals · 3

28% in single holdingNo recordkeeper disclosed9 service providers

Active participants

228

Accounts w/ balance

—

Plan assets (EOY)

$79.9M

Net assets (EOY)

$74.1M

How this plan invests

This plan

374 securities

funds · stocks · CUSIPs

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

Plan health score (directional)

/ 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

Total plan cost

Vendor stack

Participation health

100

Knocking points off

Top holding "Vanguard Russell 1000 Growth Is" is 28% of plan.
56 bps in Schedule C fees — 248% above peer band of 16 bps.
No recordkeeper disclosed on Schedule C.

Decision-maker contacts

CFO / Head of HR / Benefits Manager — verified email + LinkedIn for BOARD OF TRUSTEES LOCAL UNION 373 U.A. PENSION FUND.

Plan sponsor

Name

BOARD OF TRUSTEES LOCAL UNION 373 U.A. PENSION FUND

EIN

13-1758289

Address

P.O. BOX 58 · MOUNTAINVILLE, NY · 109530058

Phone

(845) 534-9522

Industry

Plumbing, Heating, AC Contractors· Constructionsee all

Plan administrator

Name

THOMAS GANDOLFINI

EIN

13-1758289

City

MOUNTAINVILLE, NY

Phone

(845) 534-9522

Plan characteristics

Plan number

001

Plan year

2024

Plan year begin

2024-01-01

Tax period

2024-12-31

Filed

2025-10-13

Pension benefit codes

1B · Flat-dollar DB formula

Audit & trust (Schedule H)

Auditor

MSPC CERTIFIED PUBLIC ACCOUNTANTS &

Trustee / custodian

—

Trustee phone

—

Service providers (Schedule C)

9 rows

Other

Name	EIN	Location	Relation	Direct comp	Indirect comp
BOSTON PARTNERS	98-0202744	BOSTON, MA	NONE	$122K	—
LORD ABBETT & CO	13-5620131	JERSEY CITY, NJ	NONE	$77K	—
WILLMINGTON TRUST	81-4430771	—	NONE	$74K	—
BOLTON PARTNERS NORTHEAST INC.	22-3502478	MOUNT LAUREL, NJ	NONE	$44K	—
GLOBAL TRUST COMPANY	26-3761443	WOBURN, MA	NONE	$40K	—
MSPC CERTIFIED PUBLIC ACCOUNTANTS &	22-2951202	—	NONE	$31K	—
MERRILL LYNCH	13-5694085	LATHAM, NY	NONE	$25K	—
BARNES, IACCARINO & SHEPHERD LLP	11-2450206	HEMPSTEAD, NY	NONE	$17K	—
SUMMIT ACTUARIAL SERVICE LLC	77-0645890	NEWBURGH, NY	NONE	$16K	—

Investments

370 direct securities· $77.9M(97% of reported assets)

Investment	Type	Shares / units	Cost	Current value	% of plan
Vanguard Russell 1000 Growth Is	—	—	$12.4M	$22.0M	27.5%
Intercontinental Enhanced Core U.S. Real Estate Income Fund Class O	—	—	$5.1M	$4.6M	5.7%
United States Treasury Bills	—	—	$2.0M	$2.0M	2.5%
FHLB V-D 1,245,000 4.480% 04/01/25	—	—	$1.2M	$1.2M	1.6%
Ullico Infrastructure Tax-Exempt Fund LP	—	—	$1.0M	$1.2M	1.5%
JPMorgan Chase & Co	—	—	$472K	$1.0M	1.3%
U.S. Treasury Bonds 1,054,000 4.125% 08/15/44	—	—	$984K	$954K	1.2%
Wilmington Us. Govt Money Market	—	—	$895K	$895K	1.1%
U.S. Treasury Bonds 784,000 4.250% 08/15/54	—	—	$739K	$716K	0.9%
U.S. Treasury Notes 703,000 3.125% 08/31/29	—	—	$690K	$666K	0.8%
GNMA II PL TBA 598,000 6.000% 02/15/53	—	—	$602K	$601K	0.8%
Alphabet Inc Cl A	—	—	$266K	$583K	0.7%
FNMA TBA 15YR 477,000 5.500% 02/01/39	—	—	$481K	$519K	0.6%
U.S. Treasury Bonds 586,000 3.875% 02/15/43	—	—	$552K	$517K	0.6%
Oracle Corporation Com	—	—	$332K	$496K	0.6%
FNMA TBA 30YR 436,000 5.500% 02/01/33	—	—	$431K	$475K	0.6%
Philip Morris Intl Inc	—	—	$380K	$466K	0.6%
Honeywell Intl Inc Com	—	—	$412K	$453K	0.6%
AbbVie Inc	—	—	$425K	$450K	0.6%
UnitedHealth Group Inc	—	—	$352K	$429K	0.5%
Credit Suisse New 406,000 5.000% 07/09/27	—	—	$410K	$408K	0.5%
UMBS PL TBA 516,000 2.000% 02/15/51	—	—	$404K	$402K	0.5%
Sysco Corp Common	—	—	$403K	$400K	0.5%
LPL Financial Holdings Inc	—	—	$304K	$386K	0.5%
U.S. Treasury Notes 421,000 1.875% 02/28/29	—	—	$378K	$381K	0.5%
CRH Plc	—	—	$195K	$361K	0.5%
Discover Financial Services	—	—	$283K	$358K	0.4%
UMBS PL TBA 354,000 6.000% 02/15/53	—	—	$356K	$355K	0.4%
American Express Co	—	—	$201K	$354K	0.4%
Fidelity Natl Information Services	—	—	$313K	$350K	0.4%
Cencora Inc	—	—	$204K	$348K	0.4%
Diamondback Energy Inc	—	—	$367K	$329K	0.4%
McKesson Corporation Com	—	—	$193K	$325K	0.4%
Us Foods Holding Group	—	—	$186K	$321K	0.4%
Morgan Stanley Group Inc	—	—	$211K	$309K	0.4%
U.S. Treasury Bonds 432,000 2.735% 02/15/42	—	—	$334K	$308K	0.4%
Huntington Bancshares Inc Com	—	—	$242K	$299K	0.4%
Nofolk Southern Corp	—	—	$325K	$297K	0.4%
U.S. Treasury Bonds 320,300 4.250% 02/15/54	—	—	$311K	$292K	0.4%
Corpay Inc	—	—	$222K	$290K	0.4%
Wells Fargo & Co	—	—	$185K	$289K	0.4%
Schlumberger Ltd	—	—	$260K	$288K	0.4%
AutoZone Inc Com	—	—	$95K	$285K	0.4%
ConocoPhillips	—	—	$219K	$284K	0.4%
Flex Ltd	—	—	$213K	$280K	0.4%
GNMA II PL TBA 281,000 5.500% 02/15/53	—	—	$280K	$278K	0.3%
Aon Plc	—	—	$238K	$275K	0.3%
U.S. Treasury Bonds 390,800 2.875% 05/15/52	—	—	$307K	$273K	0.3%
Kenvue Inc	—	—	$273K	$269K	0.3%
Abbott Laboratories	—	—	$222K	$263K	0.3%
Emerson Electric Co	—	—	$230K	$259K	0.3%
Micron Technology Inc Com	—	—	$203K	$251K	0.3%
Ontario Province 259,000 1.050% 04/14/26	—	—	$248K	$248K	0.3%
Blue Owl Capital Inc Cl A	—	—	$188K	$247K	0.3%
Jica 256,000 2.125% 10/20/26	—	—	$247K	$245K	0.3%
FirstEnergy Corp	—	—	$244K	$239K	0.3%
UMBS PL TBA 236,000 5.000% 02/15/38	—	—	$236K	$235K	0.3%
Amgen Inc Com	—	—	$229K	$234K	0.3%
Wabtec Corp Com	—	—	$105K	$233K	0.3%
GNMA II PL TBA 252,000 3.500% 02/15/53	—	—	$228K	$225K	0.3%
JPMorgan Chase V-Q 228,000 3.782% 02/01/28	—	—	$237K	$223K	0.3%
Home Depot Inc Com	—	—	$201K	$223K	0.3%
Walt Disney Co	—	—	$228K	$222K	0.3%
CenterPoint Energy Inc	—	—	$171K	$221K	0.3%
Jacobs Solutions	—	—	$184K	$220K	0.3%
UMBS PL TBA 248,000 2.000% 02/15/39	—	—	$220K	$219K	0.3%
Marathon Petroleum Corporation	—	—	$85K	$217K	0.3%
UMBS PL TBA 212,000 6.500% 01/15/53	—	—	$216K	$216K	0.3%
General Dynamics Corp Com	—	—	$152K	$213K	0.3%
Japan Bank Intl Coop 212,000 2.875% 04/14/25	—	—	$207K	$211K	0.3%
Fortive Corp	—	—	$186K	$210K	0.3%
T-Mobile Us Inc	—	—	$116K	$207K	0.3%
Delta Air Lines Inc	—	—	$205K	$207K	0.3%
Ppl Corp Com	—	—	$220K	$206K	0.3%
Uber Technologies Inc	—	—	$210K	$205K	0.3%
Barclays Plc V-D 200,000 6.496% 09/13/27	—	—	$205K	$205K	0.3%
United Airlines Holdings, Inc	—	—	$171K	$204K	0.3%
UMBS PL TBA 196,000 7.000% 02/15/54	—	—	$203K	$203K	0.3%
Leidos Holdings, Inc	—	—	$135K	$201K	0.3%
Keysight Technologies Inc	—	—	$191K	$199K	0.2%
Teck Resources Ltd-Cl B	—	—	$217K	$197K	0.2%
Omnicom Group Inc Com	—	—	$208K	$196K	0.2%
Cenovus Energy Inc	—	—	$210K	$195K	0.2%
Smurfit Westrock Plc	—	—	$167K	$192K	0.2%
AutoNation Inc	—	—	$172K	$191K	0.2%
Dell Technologies Inc Cl C	—	—	$86K	$190K	0.2%
FNMA TBA 30YR 159,000 6.000% 01/01/33	—	—	$160K	$175K	0.2%
Gm Financial Abs 170,000 5.450% 06/16/28	—	—	$172K	$172K	0.2%
Canadian Natural Resources Ltd	—	—	$70K	$168K	0.2%
Microchip Technology Inc Com	—	—	$213K	$164K	0.2%
Goldman Sachs Group Inc Com	—	—	$77K	$164K	0.2%
Kinross Gold Corporation	—	—	$150K	$162K	0.2%
Hologic Inc Com	—	—	$176K	$162K	0.2%
Us Bancorp V-D 168,000 4.839% 02/01/34	—	—	$164K	$161K	0.2%
GNMA II PL TBA 180,000 2.500% 01/15/50	—	—	$152K	$161K	0.2%
Lennar Corp Cl A	—	—	$188K	$160K	0.2%
Crown Castle Int 176,000 3.300% 07/01/30	—	—	$154K	$160K	0.2%
Ohio Edison 128,000 8.250% 10/15/38	—	—	$180K	$158K	0.2%
Deere & Co Common	—	—	$91K	$157K	0.2%
Robert Half Inc	—	—	$149K	$156K	0.2%
GNMA II PL TBA 175,000 3.500% 01/15/53	—	—	$159K	$156K	0.2%
NextEra Energy Inc	—	—	$156K	$155K	0.2%
AstraZeneca Group Sponsored Adr	—	—	$154K	$154K	0.2%
Applied Materials Inc Com	—	—	$87K	$153K	0.2%
Volkswagen Auto Abs 150,000 5.210% 06/21/27	—	—	$150K	$151K	0.2%
Arecap Ireland Cap 150,000 6.500% 07/15/25	—	—	$151K	$151K	0.2%
Sprint Cap Corp 125,000 8.750% 03/15/32	—	—	$146K	$149K	0.2%
Hewlett Packard Enterprise Company	—	—	$150K	$149K	0.2%
Trimble Incorporated	—	—	$129K	$148K	0.2%
Ally Auto Recei Abs 145,000 5.460% 05/15/28	—	—	$146K	$146K	0.2%
United Rentals Inc Com	—	—	$46K	$146K	0.2%
UMBS PL TBA 179,000 2.500% 02/15/50	—	—	$147K	$146K	0.2%
Booking Holdings Inc	—	—	$59K	$144K	0.2%
UMBS PL TBA 139,000 5.500% 01/15/53	—	—	$137K	$141K	0.2%
Nice Ltd -Sponsored Adr	—	—	$149K	$139K	0.2%
Goldman Sachs Gp 165,000 2.383% 07/21/32	—	—	$155K	$138K	0.2%
Intercontinental Exchange, Inc	—	—	$95K	$137K	0.2%
Wells Fargo Mtn V-D 145,000 2.393% 06/02/28	—	—	$151K	$137K	0.2%
Chubb Ltd	—	—	$64K	$131K	0.2%
Bank Of Amer Mtn V-Q 134,000 3.970% 03/05/29	—	—	$154K	$130K	0.2%
FNMA PL #FS1456 149,587 3.000% 12/01/48	—	—	$145K	$130K	0.2%
FNMA PL #CA6947 155,048 2.500% 09/01/50	—	—	$145K	$129K	0.2%
Amazon.Com 129,000 4.700% 12/01/32	—	—	$129K	$128K	0.2%
Citigroup Inc V-Q 134,000 3.980% 03/20/30	—	—	$141K	$128K	0.2%
Kentucky Utilities 125,000 5.450% 04/15/33	—	—	$125K	$126K	0.2%
Coca-Cola Europacific Plc	—	—	$70K	$125K	0.2%
GNMA II PL TBA 123,000 5.500% 01/15/53	—	—	$122K	$125K	0.2%
Wells Fargo Mtn V-D 139,000 3.350% 03/02/33	—	—	$125K	$122K	0.2%
Gallagher Arthur J. & Co	—	—	$79K	$120K	0.1%
Masco Corp	—	—	$85K	$116K	0.1%
BMO Mortgage Cmo 113,000 5.494% 06/15/56	—	—	$116K	$114K	0.1%
FHLMC KG08 CMO V-M 120,000 4.134% 05/25/33	—	—	$116K	$114K	0.1%
Wells Fargo Comm Cmo 110,000 5.928% 07/15/57	—	—	$114K	$113K	0.1%
Santander Drive Abs 110,000 6.690% 03/17/31	—	—	$113K	$113K	0.1%
Targa Resources 116,000 4.875% 02/01/31	—	—	$108K	$112K	0.1%
KBR Inc	—	—	$126K	$112K	0.1%
Mercedes-Benz A Abs 110,000 5.320% 02/15/30	—	—	$110K	$111K	0.1%
Fifth Third Aut Abs 110,000 5.530% 08/15/28	—	—	$111K	$111K	0.1%
FNMA PL #FM8471 120,653 2.500% 09/01/36	—	—	$113K	$110K	0.1%
FHLMC K148 CMO V-M 120,000 3.500% 07/25/32	—	—	$112K	$110K	0.1%
Builders Firstsource	—	—	$127K	$109K	0.1%
FHLMC SER K145 CMO 125,000 2.580% 06/25/55	—	—	$106K	$107K	0.1%
UMBS PL TBA 121,000 3.500% 01/15/53	—	—	$108K	$107K	0.1%
NXP Semiconductiors Nv	—	—	$95K	$106K	0.1%
GNMA II PL TBA 105,000 6.000% 01/15/53	—	—	$106K	$106K	0.1%
Intuit Inc 104,000 5.125% 09/15/28	—	—	$104K	$106K	0.1%
Gm Financial Abs 105,000 5.510% 01/20/27	—	—	$105K	$105K	0.1%
Morgan Stanley V-D 108,000 5.297% 04/20/37	—	—	$103K	$105K	0.1%
Benchmark Mtg Cmo 100,000 6.228% 06/15/29	—	—	$104K	$104K	0.1%
GNMA II PL TBA 130,000 2.000% 01/15/55	—	—	$105K	$104K	0.1%
National Fuel Gas Co 105,000 3.950% 09/15/27	—	—	$109K	$102K	0.1%
FHLMC SER K143 CMO 120,000 2.350% 03/25/32	—	—	$102K	$102K	0.1%
AmeriCredit Aut Abs 100,000 5.810% 05/18/28	—	—	$101K	$102K	0.1%
Allgion Plc	—	—	$87K	$101K	0.1%
Exeter Automobi Abs 100,000 5.740% 05/15/29	—	—	$100K	$101K	0.1%
EQT Corp 95,000 7.000% 02/01/30	—	—	$109K	$101K	0.1%
Apache Corp 126,000 4.750% 04/15/43	—	—	$94K	$101K	0.1%
First Natl Mstr Abs 100,000 5.130% 04/15/29	—	—	$100K	$101K	0.1%
Santander Drive Abs 100,000 5.250% 04/17/28	—	—	$100K	$100K	0.1%
Sdart Abs 100,000 4.740% 10/15/28	—	—	$99K	$100K	0.1%
Bank Amer Mtn V-Q 103,000 3.593% 07/21/28	—	—	$110K	$100K	0.1%
Ipalco Enterprises 105,000 4.250% 05/01/30	—	—	$114K	$99K	0.1%
Truist Fin Mtn V-D 96,000 5.711% 01/24/35	—	—	$94K	$97K	0.1%
Capital One Mult Abs 97,000 3.490% 05/15/27	—	—	$94K	$97K	0.1%
CarMax Auto Own Abs 95,000 6.000% 05/15/28	—	—	$95K	$96K	0.1%
FHLMC PL #SD4333 91,147 6.500% 11/01/53	—	—	$94K	$94K	0.1%
Netflix Inc 94,000 4.900% 08/15/34	—	—	$94K	$92K	0.1%
Entergy Louisiana 92,000 5.350% 03/15/34	—	—	$92K	$92K	0.1%
FactSet Research 104,000 3.450% 03/01/32	—	—	$96K	$92K	0.1%
BMO Mtg Tr Cmo V-M 90,000 5.625% 12/15/57	—	—	$93K	$92K	0.1%
PNC Finl Svcs V-D 88,000 6.037% 10/28/33	—	—	$94K	$91K	0.1%
Oglethorpe Power 90,000 5.950% 11/01/39	—	—	$115K	$91K	0.1%
Heico Corp 91,000 5.350% 08/01/33	—	—	$87K	$91K	0.1%
JPMorgan Chase V-Q 105,000 2.580% 04/22/32	—	—	$102K	$90K	0.1%
UMBS PL TBA 89,000 5.500% 01/15/39	—	—	$90K	$90K	0.1%
Reynolds America 89,000 4.450% 06/12/25	—	—	$86K	$89K	0.1%
Warnermedia Hldg 89,000 3.788% 03/15/25	—	—	$86K	$89K	0.1%
GNMA II PL TBA 102,000 3.000% 02/15/50	—	—	$90K	$88K	0.1%
Coterra Energy 89,000 5.600% 03/15/34	—	—	$89K	$88K	0.1%
Morgan Stan Mtn V-Q 90,000 4.431% 01/23/30	—	—	$92K	$88K	0.1%
First National Abs 86,000 5.770% 09/17/29	—	—	$86K	$87K	0.1%
First Natl Abs 85,000 5.340% 05/15/30	—	—	$85K	$86K	0.1%
FNMA PL #FM4158 101,377 2.500% 08/01/50	—	—	$94K	$85K	0.1%
Capital One Abs 85,000 2.800% 03/15/27	—	—	$83K	$85K	0.1%
Wells Fargo Card Abs 85,000 4.290% 10/15/29	—	—	$85K	$84K	0.1%
FHLMC K150 CMO V-M 90,000 3.710% 09/25/32	—	—	$84K	$83K	0.1%
Evergy Metro Inc 85,000 4.950% 04/15/33	—	—	$85K	$83K	0.1%
Eastern Gas Tran 90,000 3.000% 11/15/29	—	—	$80K	$82K	0.1%
Phillips 66	—	—	$95K	$82K	0.1%
JPMorgan Chase V-D 95,000 2.963% 01/25/33	—	—	$86K	$82K	0.1%
MGM Resorts International	—	—	$104K	$81K	0.1%
General Mtrs Finl Co 80,000 5.950% 04/04/34	—	—	$79K	$80K	0.1%
World Omni Sele Abs 80,000 4.980% 02/15/30	—	—	$80K	$80K	0.1%
BMW Vehicle Lea Abs 79,489 5.990% 09/25/26	—	—	$79K	$80K	0.1%
CenterPoint Energy 95,000 1.750% 10/01/30	—	—	$92K	$80K	<0.1%
Nvent Finanice Sarl 80,000 4.550% 04/15/28	—	—	$82K	$79K	<0.1%
UMBS PL TBA 85,000 4.000% 02/12/53	—	—	$78K	$78K	<0.1%
Citigroup Inc V-D 78,000 5.827% 02/13/35	—	—	$77K	$78K	<0.1%
Amer Elec Pwr 77,000 5.699% 08/15/25	—	—	$76K	$77K	<0.1%
Bank Of Montreal V-S 80,000 3.803% 12/15/32	—	—	$84K	$77K	<0.1%

Showing top 200 of 370 investments by value.