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Original filing (PDF)20251015150203NAL0006699984009
LOCAL 147 CONSTRUCTION WORKERS ASB FUND
Form 5500
FILING_RECEIVED
LOCAL 147 CONSTRUCTION WORKERS ASB FUND
Health & welfare plan
Signals · 3
~138 bps in Sched C feesNo recordkeeper disclosed7 service providers
Active participants
134
Accounts w/ balance
—
Plan assets (EOY)
$12.9M
Net assets (EOY)
$12.9M
How this plan invests
This plan
60 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
- 138 bps in Schedule C fees — 376% above peer band of 29 bps.
- No recordkeeper disclosed on Schedule C.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for LOCAL 147 CONSTRUCTION WORKERS ASB FUND.
Plan sponsor
Name
LOCAL 147 CONSTRUCTION WORKERS ASB FUND
EIN
13-3161717
Address
36 HOPATCHUNG ROAD · HOPATCONG, NJ · 078431524
Phone
(973) 601-3828
Industry
Constructionsee all
Plan administrator
Name
LOCAL 147 CONSTRUCTION WORKERS ASB FUND
EIN
13-3161717
City
HOPATCONG, NJ
Phone
(973) 601-3828
Plan characteristics
Plan number
501
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-15
Welfare benefit codes
4C · Supplemental Unemployment
4F · Temporary Disability (accident and sickness)
4G · Prepaid Legal
4H · Long-Term Disability
4L · Death Benefits (other than life insurance)
4U · Dependent Care
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 |
|---|---|---|---|---|---|
| MSPC, CPAS AND ADVISORS, P.C. | 22-2951202 | NEW YORK, NY | UNION AUDITORS | $21K | — |
Legal counsel
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| MANNING AND RUSSO, LLC | 06-1478265 | BRONXVILLE, NY | UNION ATTORNEY | $24K | — |
Other
5| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| BASIL CASTROVINCI ASSOCIATES | 13-2831500 | HOPATCONG, NJ | NONE | $86K | — |
| GOULD, KOBRICK & SCHLAPP, P.C. | 13-3082707 | NEW YORK, NY | NONE | $19K | — |
| AMALGAMATED BANK | 13-1566077 | NEW YORK, NY | NONE | $13K | — |
| AGINCOURT CAPITAL MANAGEMENT LLC | 54-1947440 | RICHMOND, VA | NONE | $9K | — |
| INVESTMENT CONSULTING SERVICES, LLC | 32-0016703 | LOMBARD, IL | NONE | $6K | — |
Investments
60 direct securities· $2.9M(22% of reported assets)
Uncategorized
$2.2M
55 holdings
Mutual Funds
$541K
2 holdings
Corporate Bonds
$81K
2 holdings
Common Stocks
$79K
1 holding
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| SCHWAB CAP TR S&P 500IDX SEL | — | — | $392K | $528K | 4.1% | |
| BAIRD AGGREGATE BOND FUND -IS | Mutual Funds | — | $427K | $427K | 3.3% | |
| 05/10/26 ----------------- TOTAL FOR FOREIGN CORPORATE BO | — | — | $157K | $157K | 1.2% | |
| DREYFUS TREASURY & AGENCY CASH MGMT | — | — | $151K | $151K | 1.2% | |
| (CONT.) VANGUARD I/T TRSRY INDX-ADM | Mutual Funds | — | $114K | $114K | 0.9% | |
| PROSHARES S&P 500 DIVIDEND A | Common Stocks | — | $79K | $79K | 0.6% | |
| 04/09/2027 GOLDMAN SACHS GROUP INC 3.75% 98.90 65 , 000.00 | — | — | — | $64K | 0.5% | |
| ACE INA HOLDINGS 3.35% 05/03/2026 | Corporate Bonds | — | $59K | $59K | 0.5% | |
| 12/15/2028 ----------------- TOTAL FOR CORPORATE ABS | — | — | $55K | $55K | 0.4% | |
| JPMORGAN CHASE & CO VAR 01/29/2027 | — | — | $50K | $50K | 0.4% | |
| BANK OF AMERICA CORP 3.5% 04/19/2026 98. 51 50 , 000.00 | — | — | — | $49K | 0.4% | |
| U.S. TREASURY NOTES 1.125% 2/28/2025 | — | — | $45K | $45K | 0.3% | |
| WRKCO INC 4% 03/15/2028 | — | — | $43K | $44K | 0.3% | |
| DREYFUS TREASURY & AGENCY CASH MGMT | — | — | $43K | $43K | 0.3% | |
| AMGEN INC 2.6% 08/19/2026 96.72 45 , 000.00 | — | — | — | $43K | 0.3% | |
| 08/15/26 SYSCO CORP SR GLBL 5.75% 01/17/2029 | — | — | $42K | $41K | 0.3% | |
| FOREIGN CORPORATE BONDS BHP BILLITON FINANCE 6.42% | — | — | $41K | $41K | 0.3% | |
| SANTANDER DRIVE AUTO 5.91% | — | — | $41K | $40K | 0.3% | |
| SABRA HLTH CARE LP/SABRA 5.125% | — | — | $40K | $40K | 0.3% | |
| 03/01/2026 CANADIAN NATL RESOURCES 3.85% | — | — | $39K | $39K | 0.3% | |
| 08/17/25 CARLISLE COS INC 3.75% 12/1/2027 97.35 40 , 000.00 | — | — | — | $39K | 0.3% | |
| ANTHEM INC 3.65% 12/01/2027 | — | — | $39K | $39K | 0.3% | |
| 06/15/28 FISERV INC 2.25% 06/01/27 | — | — | $38K | $38K | 0.3% | |
| WELLS FARGO & COMPANY VAR 06/02/2028 | — | — | $38K | $38K | 0.3% | |
| GENERAL MTRS FINL CO 5.00% | — | — | $35K | $35K | 0.3% | |
| PUBLIC SERVICE ELECTRIC 3% | — | — | $34K | $35K | 0.3% | |
| CVS HEALTH CORP 4.3% 3/25/2028 | — | — | $34K | $34K | 0.3% | |
| SHELL INTERNATIONAL FIN 2.875% | — | — | $34K | $34K | 0.3% | |
| 9/15/28 NUCOR CORP 3.95% 05/01/2028 | — | — | $34K | $34K | 0.3% | |
| VENTAS REALTY LP 3.85% 04/01/2027 | — | — | $29K | $29K | 0.2% | |
| APPLE INC 2.45% 08/04/2026 | — | — | $30K | $29K | 0.2% | |
| 12/12/2026 MARVELL TECHNOLOGY 1.65% 04/15/2026 95.95 30 , 000.00 | — | — | — | $28K | 0.2% | |
| 02/25/2026 INTEL CORP SR NT 4.875% 02/10/2028 99.49 25 , 000.00 | — | — | — | $25K | 0.2% | |
| FLOATING RATE CORPORATE BONDS DELL INTL LLC VAR 10/01/2026 | — | — | $26K | $25K | 0.2% | |
| ANALOG DEVICES INC 3.5% 12/05/26 98.16 25 , 000.00 | — | — | — | $24K | 0.2% | |
| CITIGROUP INC 3.7% 01/12/2026 99.00 25 , 000.00 | — | — | — | $24K | 0.2% | |
| RYDER SYS INC 2.85% 03/01/2027 | — | — | $25K | $24K | 0.2% | |
| EQUINOR ASA 3.125% 04/06/30 | — | — | $23K | $23K | 0.2% | |
| (CONT.) MIDAMERICAN ENERGY HLDGS 8.48% | Corporate Bonds | — | $22K | $22K | 0.2% | |
| 07/15/25 ENERGY TRANSFER OPERATING 4.95% | — | — | $20K | $20K | 0.2% | |
| KINDER MORGAN INC/DELAWA 4 . 3% 99. 77 20 , 000 . 00 | — | — | — | $20K | 0.2% | |
| METLIFE INC 3% 03/01/2025 99.71 20 , 000.00 | — | — | — | $20K | 0.2% | |
| 06/01/2027 ENBRIDGE INC 3.7% 07/15/2027 | — | — | $20K | $20K | 0.2% | |
| SHORT TERM INVESTMENT FUNDS DREYFUS GOVERNMENT CASH MANAGEMENT | — | — | $18K | $18K | 0.1% | |
| CORPORATE ABS SANTANDER DR AT REC 3.76% 07/16/2029 | — | — | $15K | $15K | 0.1% | |
| 06/01/2025 LINCOLN NATIONAL CORP 3.625% | — | — | $15K | $15K | 0.1% | |
| U.S. TREASURY NOTES U.S. TREASURY NOTE 1.875% 02/28/2029 | — | — | $9K | $9K | <0.1% | |
| U.S. TREASURY NOTES 2.25% 11/15/2027 | — | — | $8K | $8K | <0.1% | |
| U.S. TREASURY NOTES 3.125% | — | — | $4K | $4K | <0.1% | |
| AMERICAN EXPRESS 4.2% 11/06/2025 99. 77 60,000.00 59,283.00 63,047.90 59,859.60 576.60 | — | — | — | $3K | <0.1% | |
| T MOBILE USA INC SR 2.25% 02/15/2026 | — | — | $2K | $3K | <0.1% | |
| ORACLE CORP SR NT 1.65% 03/25/2026 | — | — | $1K | $2K | <0.1% | |
| DEVON ENERGY CORPORATION 5.85% 100.67 30,000.00 30,323.70 32,485.00 30,201.00 -122.70 | — | — | — | $2K | <0.1% | |
| 05/15/2025 ROPER TECHNOLOGIES INC 1% 09/15/25 | — | — | $1K | $2K | <0.1% | |
| WALT DISNEY COMPANY 3% 02/13/2026 98.43 25,000.00 24,175.00 26,457.50 24,608.00 433.00 | — | — | — | $2K | <0.1% | |
| WELLS FARGO & COMPANY 3% 02/19/2025 99.72 20,000.00 19,549.60 21,189.40 19,944.40 394.80 | — | — | — | $1K | <0.1% | |
| AT&T INC 2.3% 06/01/27 94.39 75 , 000.00 69,614.25 69 , 296.65 70 , 789.50 | — | — | — | $1K | <0.1% | |
| 12/15/25 E.I. DU PONT DE NEMOURS 1.7% 98.42 20,000.00 18,969.00 20,846.00 19,683.40 714.40 | — | — | — | $1K | <0.1% | |
| AMERIPRISE FINANCIAL INC 3% 4/2/2025 | — | — | $2K | $1K | <0.1% | |
| BUNGE LTD FINANCE CORP 1.63% | — | — | $29K | $1K | <0.1% |