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Original filing (PDF)20251015125243NAL0002436147001
JOINT BOARD OF TRUSTEES OF LOCAL 153 PENSION FUND
Form 5500
FILING_RECEIVED
LOCAL 153 PENSION FUND
Defined-benefit pension plan
Signals · 3
~81 bps in Sched C feesNo recordkeeper disclosed11 service providers
Active participants
1,636
Accounts w/ balance
—
Plan assets (EOY)
$129.9M
Net assets (EOY)
$129.1M
How this plan invests
This plan
5 pooled trusts
Schedule D
43 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
89
/ 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
100
Total plan cost
65
Vendor stack
80
Participation health
100
Knocking points off
- 81 bps in Schedule C fees — 714% 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 JOINT BOARD OF TRUSTEES OF LOCAL 153 PENSION FUND.
Plan sponsor
Name
JOINT BOARD OF TRUSTEES OF LOCAL 153 PENSION FUND
EIN
13-2864289
Address
42 BROADWAY, SUITE 1201 · NEW YORK, NY · 100043891
Phone
(212) 741-8259
Industry
Other Services (ex. Public Admin)see 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
1B · Flat-dollar DB formula
Audit & trust (Schedule H)
Auditor
CALIBRE CPA GROUP PLLC
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
11 rowsOther
11| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| THE SEGAL COMPANY | 13-1835864 | — | NONE | $253K | — |
| MARSHALL & MOSS LLP | — | WESTBURY, NY | NONE | $239K | — |
| AMALGAMATED BANK | — | NEW YORK, NY | NONE | $108K | — |
| QUAN-VEST INVESTMENT ADVISORS | 11-2559669 | — | NONE | $90K | — |
| JASMIN A ESTEVEZ | 13-2864289 | — | EMPLOYEE | $81K | — |
| FUSCO-GALLAGHER PORCARO MUNROE LLP | 20-0467468 | — | NONE | $64K | — |
| NEW TOWER TRUST COMPANY | 30-0872552 | BETHESDA, MD | NONE | $61K | — |
| BERNADETTE SMITH | 13-2864289 | — | EMPLOYEE | $52K | — |
| NEWTOWN INVESTMENT CORPORATION | 86-1751460 | — | NONE | $51K | — |
| CALIBRE CPA GROUP PLLC | 47-0900880 | — | NONE | $32K | — |
| EILEEN DUPONT | 13-2864289 | — | EMPLOYEE | $27K | — |
Investments
38 direct securities · 5 pooled funds· $802.4M(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
$696.6M
35 holdings
Common Collective Trust
$95.3M
5 holdings
Real Estate
$5.8M
1 holding
PARTNERSHIP/JOINT VENTURE
$4.6M
1 holding
Corporate Bonds
$3K
1 holding
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| 2) Next seven years | — | — | $8.8M | $186.9M | 143.8% | |
| d. Present value of payments Benefit Payments Administrative Expenses Total 1) Next five years | — | — | $6.4M | $140.5M | 108.1% | |
| 1. Financial Information a. Market value of assets | — | — | — | $120.6M | 92.8% | |
| LONGVIEW 500 INDEX FUND AMALGAMATED BANK OF NEW YORK · EIN 13-4920330 / PN 009 | Common Collective Trust | — | $7.8M | $55.1M | 42.4% | |
| Present value for the next seven years (including $12,684,441 in withdrawal liability payments) | — | — | $12.7M | $47.3M | 36.4% | |
| 2. Liabilities a. Present value of vested benefits for active participants | — | — | — | $40.4M | 31.1% | |
| Present value for the next five years (including $9,556,684 in withdrawal liability payments) | — | — | $9.6M | $36.1M | 27.8% | |
| d. Projected benefit payments | — | — | — | $30.6M | 23.6% | |
| 4. Benefit payments | — | — | $29.5M | $29.4M | 22.6% | |
| LONGVIEW 500 CORE FUND AMALGAMATED BANK OF NEW YORK · EIN 13-4920330 / PN 005 | Common Collective Trust | — | $26.0M | $25.1M | 19.3% | |
| ADJ. COST | — | — | $6K | $11.9M | 9.2% | |
| c. Reasonably anticipated contributions (including withdrawal liability payments from previously withdrawn employers) 1) Upcoming year (including $2,284,641 in withdrawal liability payments) | — | — | $2.3M | $8.6M | 6.6% | |
| 5. Net amortization charges | — | — | $9.3M | $8.2M | 6.3% | |
| 7. Expected contributions | — | — | $7.6M | $7.4M | 5.7% | |
| MILTI-EMPLOYER PROPERTY TRUST NEWTOWER TRUST COMPANY · EIN 52-6218800 / PN 001 | Common Collective Trust | — | $1.2M | $6.7M | 5.2% | |
| Contributions | — | — | $6.3M | $6.3M | 4.9% | |
| UBS Trumbull Property Fund N/A | Real Estate | — | $5.3M | $5.8M | 4.5% | |
| EB CORE SMALL CAP BLEND MELLON BANK · EIN 25-6078093 / PN 065 | Common Collective Trust | — | $587K | $5.4M | 4.1% | |
| interests Boyd Watterson Asset Management Boyd Watterson GSA Fund, LP N/A | PARTNERSHIP/JOINT VENTURE | — | $4.6M | $4.6M | 3.5% | |
| e. Unit credit normal cost plus expenses | — | — | — | $3.9M | 3.0% | |
| DAILY MSCI EAFE INDEX NON LENDING STATE STREET BANK & TRUST · EIN 04-0025081 / PN 182 | Common Collective Trust | — | $1.5M | $3.0M | 2.3% | |
| Registered investment companies Amalgamated Bank Page 20 - AFL-CIO Housing Investment Trust N/A | — | — | $2.7M | $2.3M | 1.8% | |
| Plan Year ending Amount 2024 | — | — | — | $2.3M | 1.8% | |
| 3. Normal cost | — | — | $2.3M | $2.2M | 1.7% | |
| 2025 – 2029 | — | — | — | $2.1M | 1.6% | |
| Withdrawal liability payments | — | — | $2.1M | $2.1M | 1.6% | |
| Administrative expenses | — | — | $1.6M | $1.6M | 1.2% | |
| 4. Administrative expenses | — | — | $1.5M | $1.6M | 1.2% | |
| e. Projected administrative expenses (beginning of year) | — | — | — | $1.3M | 1.0% | |
| 6. Interest on (3), (4) and (5) | — | — | $655K | $601K | 0.5% | |
| Market Value at beginning of year | — | — | $22.7M | $575K | 0.4% | |
| Interest earnings | — | — | $1.5M | $494K | 0.4% | |
| Experience loss 1/ 1/2027 4,328,231 15 | — | — | — | $397K | 0.3% | |
| TRADE DATE | — | — | — | $357K | 0.3% | |
| PAGE | — | — | — | $327K | 0.3% | |
| 8. Interest on (7) | — | — | $174K | $169K | 0.1% | |
| Experience loss 1/ 1/2026 1,265,488 15 | — | — | — | $116K | <0.1% | |
| Cash and cash equivalents Amalgamated Bank Page 19 - Short term investment funds N/A | — | — | $41K | $41K | <0.1% | |
| Amalgamated Bank Page 20 - Structured Asset N/A | Corporate Bonds | — | $3K | $3K | <0.1% | |
| Immaterial variance | — | — | $3K | $3K | <0.1% | |
| ASSETS HELD AT THE END OF THE PLAN YEAR3,206.553,206.55 2,420.992,420.99 | — | — | — | $2K | <0.1% | |
| 50 - 54 173 34 36 23 37 22 14 7 — $339 $67 $188 $283 $396 $624 — 55 - 59 226 32 34 27 39 37 18 16 22 1 $415 $81 $198 $327 $331 $539 — $814 — 60 - 64 246 15 31 18 59 40 28 21 6 $519 — $164 — $349 $529 $603 $899 | — | — | — | $1K | <0.1% | |
| Totals 1,572 455 276 159 267 168 89 77 58 | — | — | — | $23 | <0.1% |