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Original filing (PDF)20251015114635NAL0004753633001
MATERIAL YARD WORKERS LOCAL 1175 WELFARE
Form 5500
FILING_RECEIVED
MATERIAL YARD WORKERS LOCAL 1175 WELFARE FUND
Health & welfare plan
Signals · 3
~880 bps in Sched C feesNo recordkeeper disclosed8 service providers
Active participants
143
Accounts w/ balance
—
Plan assets (EOY)
$3.5M
Net assets (EOY)
$3.0M
How this plan invests
This plan
55 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
- 880 bps in Schedule C fees — 1593% above peer band of 52 bps.
- No recordkeeper disclosed on Schedule C.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for MATERIAL YARD WORKERS LOCAL 1175 WELFARE.
Plan sponsor
Name
MATERIAL YARD WORKERS LOCAL 1175 WELFARE
EIN
13-5679400
Address
34-11 35TH AVENUE · ASTORIA, NY · 11106
Phone
(718) 392-6660
Industry
Constructionsee all
Plan administrator
Same as plan sponsor.
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
4A · Health (other than dental or vision)
4B · Life Insurance
4D · Dental
4E · Vision
4F · Temporary Disability (accident and sickness)
Audit & trust (Schedule H)
Auditor
WEAVER AND TIDWELL, LLP
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
8 rowsOther
8| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| CONNIE HENRY | 13-5679400 | — | PERF. SERV. FOR REL PLANS | $156K | — |
| SEGAL COMPANY | 13-1835864 | — | PERF. SERV. FOR REL PLANS | $59K | — |
| WEAVER AND TIDWELL, LLP | 75-0786316 | — | PERF. SERV. FOR REL PLANS | $33K | — |
| LERNER LAW FIRM | 27-3629002 | — | PERF. SERV. FOR REL PLANS | $32K | — |
| GORLICK, KRAVITZ, LISTHAUS PC | 13-3790829 | — | PERF. SERV. FOR REL PLANS | $10K | — |
| MSI TECHNOLOGIES, LLC | 22-3827881 | — | PERF. SERV. FOR REL PLANS | $10K | — |
| MERRILL LYNCH | 13-5674085 | — | PERF. SERV. FOR REL PLANS | $7K | — |
| SYNTONIC SYSTEMS, INC. | 13-2925049 | — | PERF. SERV. FOR REL PLANS | $6K | — |
Investments
53 direct securities· $1.2M(35% of reported assets)
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| Vanguard Total Bond Mkt Ric N/A | — | — | $269K | $262K | 7.4% | |
| Pgim Ultra Short Bond Ric N/A | — | — | $219K | $219K | 6.2% | |
| BLF Government Secs Fund 5AV-05A14 Money market N/A 276 BLF Government Secs Fund 5AV-05678 Money market N/A | — | — | $182K | $182K | 5.1% | |
| Vanguard 500 Index Fund Ric N/A | — | — | $78K | $149K | 4.2% | |
| JP Morgan Strategic Ric N/A | — | — | $75K | $75K | 2.1% | |
| PIMCO Fixed Income Shares Series M Ric N/A | — | — | $72K | $63K | 1.8% | |
| PIMCO Fixed Income Shares Series C Ric N/A | — | — | $70K | $63K | 1.8% | |
| U.S. Treasury Notes Fixed income 08/15/27 2.250% N/A | — | — | $44K | $42K | 1.2% | |
| Goldman Sachs EFT Trust Ric N/A | — | — | $22K | $37K | 1.1% | |
| Schwab Fundamental U.S. Ric N/A | — | — | $20K | $37K | 1.0% | |
| BLF Government Secs Fund 5AV-05628 Money market N/A | — | — | $12K | $12K | 0.4% | |
| BLF Government Secs Fund 5AV-05630 Money market N/A | — | — | $12K | $12K | 0.3% | |
| U.S. Treasury Notes Fixed income 08/15/32 2.750% N/A | — | — | $11K | $11K | 0.3% | |
| U.S. Treasury Notes Fixed income 11/15/32 4.125% N/A | — | — | $10K | $10K | 0.3% | |
| U.S. Treasury Bond Fixed income 11/15/46 2.875% N/A | — | — | $12K | $9K | 0.2% | |
| U.S. Treasury Bond Fixed income 08/15/44 3.125% N/A | — | — | $9K | $7K | 0.2% | |
| Association Pool #PFM5127 Fixed income 01/01/50 3.500% N/A | — | — | $4K | $3K | <0.1% | |
| Association Pool #PFM5001 Fixed income 01/01/50 3.500% N/A | — | — | $3K | $3K | <0.1% | |
| Association Pool #PMA4565 Fixed income 01/01/52 3.500% N/A | — | — | $3K | $3K | <0.1% | |
| Association Pool #PMA4026 Fixed income 01/01/50 4.000% N/A | — | — | $3K | $3K | <0.1% | |
| Association Pool #PFM7599 Fixed income 01/01/51 3.500% N/A | — | — | $3K | $2K | <0.1% | |
| Mortgage Corporation #SD8237 Fixed income 08/01/52 4.000% N/A | — | — | $3K | $2K | <0.1% | |
| Association Pool #PMA4097 Fixed income 01/01/50 3.000% N/A | — | — | $3K | $2K | <0.1% | |
| Association Pool #PFM5750 Fixed income 01/01/50 4.000% N/A | — | — | $2K | $2K | <0.1% | |
| Association Pool #PFM7461 Fixed income 01/01/50 4.000% N/A | — | — | $2K | $2K | <0.1% | |
| Association Pool #PFS5452 Fixed income 01/01/52 3.500% N/A | — | — | $2K | $2K | <0.1% | |
| Association Pool #PMA4654 Fixed income 01/01/52 3.500% N/A | — | — | $2K | $2K | <0.1% | |
| Mortgage Corporation #G08747 Fixed income 02/01/47 3.000% N/A | — | — | $2K | $1K | <0.1% | |
| Mortgage Corporation #SD8206 Fixed income 04/01/52 3.000% N/A | — | — | $2K | $1K | <0.1% | |
| Mortgage Corporation #G08748 Fixed income 02/01/47 3.500% N/A | — | — | $1K | $1K | <0.1% | |
| Mortgage Corporation #SD8168 Fixed income 09/01/51 3.000% N/A | — | — | $1K | $1K | <0.1% | |
| Mortgage Corporation #G08682 Fixed income 12/01/45 4.000% N/A | — | — | $1K | $1K | <0.1% | |
| Mortgage Corporation #SD8058 Fixed income 04/01/50 4.000% N/A | — | — | $5K | $1K | <0.1% | |
| Association Pool #PMA3384 Fixed income 06/01/48 4.000% N/A | — | — | $11K | $1K | <0.1% | |
| Association Pool #PMA3992 Fixed income 04/01/50 3.500% N/A | — | — | $1K | $1K | <0.1% | |
| Association Pool #PMA5027 Fixed income 01/01/53 4.000% N/A 1,000 871 | — | — | — | $846 | <0.1% | |
| Association Pool #PMA3275 Fixed income 02/01/48 3.000% N/A 5,000 883 | — | — | — | $807 | <0.1% | |
| Association Pool #PMA3210 Fixed income 12/01/47 3.500% N/A 6,000 902 | — | — | — | $803 | <0.1% | |
| Federal National Mortgage Association Pool #PFS4928 Fixed income 01/01/50 3.500% N/A 1,000 823 | — | — | — | $792 | <0.1% | |
| Mortgage Corporation #G08660 Fixed income 08/01/45 4.000% N/A 7,000 738 | — | — | — | $644 | <0.1% | |
| Association Pool #PMA3443 Fixed income 03/01/48 4.000% N/A 8,000 706 | — | — | — | $624 | <0.1% | |
| Mortgage Corporation #G08737 Fixed income 12/01/46 3.000% N/A 3,000 627 | — | — | — | $550 | <0.1% | |
| Mortgage Corporation #SD8157 Fixed income 07/01/51 3.000% N/A 1,000 669 | — | — | — | $542 | <0.1% | |
| Association Pool #PMA2806 Fixed income 11/01/46 3.000% N/A 3,000 641 | — | — | — | $539 | <0.1% | |
| Association Pool #PMA3058 Fixed income 07/01/47 4.000% N/A 5,000 581 | — | — | — | $518 | <0.1% | |
| Association Pool #PMA4080 Fixed income 01/01/50 3.500% N/A 2,000 583 | — | — | — | $490 | <0.1% | |
| Federal Home Loan Mortgage Corporation #G08624 Fixed income 01/01/45 4.000% N/A 5,000 465 | — | — | — | $404 | <0.1% | |
| Association Pool #PMA3804 Fixed income 11/01/49 4.000% N/A 2,000 330 | — | — | — | $293 | <0.1% | |
| Association Pool #PMA3238 Fixed income 01/01/48 3.500% N/A 2,000 318 | — | — | — | $286 | <0.1% | |
| Mortgage Corporation #G08785 Fixed income 10/01/47 4.000% N/A 2,000 277 | — | — | — | $254 | <0.1% | |
| Mortgage Corporation #G08699 Fixed income 03/01/46 4.000% N/A 2,000 253 | — | — | — | $221 | <0.1% | |
| Association Pool #PMA3871 Fixed income 12/01/49 3.000% N/A 1,000 207 | — | — | — | $174 | <0.1% | |
| Mortgage Corporation #G08694 Fixed income 02/01/46 4.000% N/A 1,000 117 | — | — | — | $101 | <0.1% |
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