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Original filing (PDF)20251014084747NAL0001137027002
BOARD OF TRUSTEES OF THE LOCAL 259 PENSI PENSION FUND
Form 5500
FILING_RECEIVED
THE LOCAL 259 PENSION FUND
Defined-benefit pension plan
Signals · 3
45% in single holdingNo recordkeeper disclosed8 service providers
Active participants
908
Accounts w/ balance
—
Plan assets (EOY)
$141.7M
Net assets (EOY)
$141.7M
How this plan invests
This plan
4 pooled trusts
Schedule D
11 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
85
/ 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
77
Total plan cost
65
Vendor stack
80
Participation health
100
Knocking points off
- Top holding "ASB Labor Equity Index Fund Collective trust fund N/A N/A N/A" is 45% of plan.
- 56 bps in Schedule C fees — 460% 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 THE LOCAL 259 PENSI PENSION FUND.
Plan sponsor
Name
BOARD OF TRUSTEES OF THE LOCAL 259 PENSI PENSION FUND
EIN
13-6115077
Address
140 SYLVAN AVENUE · ENGLEWOOD CLIFFS, NJ · 076320000
Phone
(201) 947-8000
Industry
Retail Tradesee 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
2025-10-14
Pension benefit codes
1B · Flat-dollar DB formula
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 |
|---|---|---|---|---|---|
| ZENITH AMERICAN SOLUTIONS | 52-1590516 | — | PERF. SVCS. FOR REL PLAN | $290K | — |
| ASB CAPITAL MANAGEMENT, LLC | 52-6257033 | — | NONE | $148K | — |
| THE SEGAL COMPANY(EASTERN STATES)IN | 13-1835864 | — | PERF. SVCS. FOR REL PLAN | $115K | — |
| WEAVER AND TIDWELL, LLP | 75-0786316 | — | PERF. SVCS. FOR REL PLAN | $62K | — |
| TARTER KRINSKY & DROGIN | 13-4160916 | — | PERF. SVCS. FOR REL PLAN | $50K | — |
| CLEARY, JOSEM & TRIGIANI LLP | 23-2657967 | — | SERV. REL. PLAN & UNION | $47K | — |
| AMALGAMATED BANK OF NEW YORK | 13-4920330 | — | PERF. SVCS. FOR REL PLAN | $43K | — |
| SEGAL MARCO ADVISORS | 13-2646110 | — | NONE | $39K | — |
Investments
6 direct securities · 4 pooled funds· $137.1M(97% 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.
Common Collective Trust
$115.2M
4 holdings
Uncategorized
$22.0M
6 holdings
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| ASB LABOR EQUITY INDEX FUND CHEVY CHASE TRUST COMPANY · EIN 27-3350609 / PN 010 | Common Collective Trust | — | $28.8M | $62.2M | 43.9% | |
| LONGVIEW CORE BOND INDEX FUND AMALGAMATED BANK OF NEW YORK · EIN 13-6115077 / PN 005 | Common Collective Trust | — | $27.9M | $32.8M | 23.2% | |
| PIMCO All Asset Fund Mutual fund N/A | — | — | $24.7M | $21.9M | 15.5% | |
| ASB ALLEGIANCE REAL ESTATE FUND CHEVY CHASE TRUST COMPANY · EIN 52-6257033 / PN 006 | Common Collective Trust | — | $7.0M | $14.3M | 10.1% | |
| BNY MELLON BROAD MARKET STOCK INDEX BNY MELLON · EIN 25-6070893 / PN 034 | Common Collective Trust | — | $5.0M | $5.9M | 4.1% | |
| 252.0 and over | — | — | — | $3K | <0.1% | |
| 212.0 and over | — | — | — | $2K | <0.1% | |
| Amalgamated Bank of Chicago - Goldman Financial Square-Govt A Money market fund N/A Variable N/A | — | — | $2K | $2K | <0.1% | |
| Pension credit One-tenth of a pension credit for each 170 hours in covered employment. 1,700 hours = 1 pension credit. | — | — | — | $2K | <0.1% | |
| 161.0 and over | — | — | — | $1K | <0.1% |