Original filing (PDF)20251010152530NAL0004370739003

BAC LOCAL #5, NEW YORK WELFARE FUND

Name: BAC LOCAL #5, NEW YORK WELFARE FUND — Form 5500 (2024)
Creator: BAC LOCAL #5, NEW YORK WELFARE FUND

Form 5500

FILING_RECEIVED

Health & welfare plan

Signals · 3

42% in single holding~288 bps in Sched C fees8 service providers

Active participants

Accounts w/ balance

—

Plan assets (EOY)

$10.3M

Net assets (EOY)

$8.3M

How this plan invests

This plan

107 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

100

Participation health

100

Knocking points off

Top holding "ISHARES CORE S&P 500 ETF 5,643 shares" is 42% of plan.
288 bps in Schedule C fees — 892% above peer band of 29 bps.

Decision-maker contacts

CFO / Head of HR / Benefits Manager — verified email + LinkedIn for BAC LOCAL #5, NEW YORK WELFARE FUND.

Plan sponsor

Name

BAC LOCAL #5, NEW YORK WELFARE FUND

EIN

14-6022899

Address

66-05 WOODHAVEN BLVD · REGO PARK, NY · 11374

Phone

(718) 459-5800

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

2025-10-10

Welfare benefit codes

4A · Health (other than dental or vision)

4D · Dental

4E · Vision

4L · Death Benefits (other than life insurance)

Audit & trust (Schedule H)

Auditor

TEAL, BECKER & CHIARAMONTE CPAS, PC

Trustee / custodian

—

Trustee phone

—

Service providers (Schedule C)

8 rows

Other

Name	EIN	Location	Relation	Direct comp	Indirect comp
MVP HEALTH CARE	14-1704347	—	NONE	$96K	—
MILLIMAN, INC	91-0675641	—	NONE	$53K	—
PENSION AND ANNUITY PLAN OF BRICKLA	51-6135291	—	NONE	$48K	—
TEAL, BECKER, & CHIARAMONTE CPAS PC	14-1624930	—	NONE	$41K	—
MERRILL LYNCH, PIERCE, FENNER & SM	13-5674085	—	NONE	$18K	—
SCHULTHEIS & PANETTIERI LLP	13-1577780	—	NONE	$16K	—
PIMCO	33-0239892	—	NONE	$14K	—
BARNES, IACCARINO & SHEPHERD, LLP	26-3858697	—	NONE	$9K	—

Investments

107 direct securities· $7.9M(76% of reported assets)

Investment	Type	Shares / units	Cost	Current value	% of plan
ISHARES CORE S&P 500 ETF 5,643 shares	—	—	$1.5M	$3.3M	32.3%
FIXED INCOME SHARES SERIES M F CL INSTL 129,895 shares	—	—	$1.3M	$1.1M	10.9%
FIXED INCOME SHARES SERIES C F CL INSTL 124,977 shares	—	—	$1.3M	$1.1M	10.8%
U.S. TREASURY NOTE AUG 15 2027 2.25%	—	—	$635K	$607K	5.9%
U.S. TREASURY NOTE AUG 15 2032 2.75%	—	—	$186K	$182K	1.8%
U.S. TREASURY NOTE NOV 15 2032 4.13%	—	—	$191K	$179K	1.7%
U.S. TREASURY BOND NOV 15 2046 2.88%	—	—	$192K	$147K	1.4%
BLF FEDFUND CASH RESERVE	—	—	$147K	$147K	1.4%
U.S. TREASURY BOND AUG 15 2044 3.13%	—	—	$167K	$130K	1.3%
FHLMC SD 8243 3.50%	—	—	$95K	$93K	0.9%
FEDERAL NATL MTG ASSOC UNSECURED SEP 24 2026 1.88%	—	—	$91K	$92K	0.9%
FHLMC SD 8196 3.50%	—	—	$66K	$56K	0.5%
FNMA PMA5027 4.00%	—	—	$45K	$44K	0.4%
FNMA PFS0015 4.00%	—	—	$49K	$43K	0.4%
FHLMC SD 8244 4.00%	—	—	$38K	$38K	0.4%
FNMA PMA4097 3.00%	—	—	$46K	$38K	0.4%
FNMA PMA4626 4.00%	—	—	$34K	$33K	0.3%
FHLMC SD 8057 3.50%	—	—	$39K	$33K	0.3%
FHLMC SD 8225 3.00%	—	—	$29K	$28K	0.3%
FNMA PMA3333 4.00%	—	—	$29K	$25K	0.2%
FNMA PFM5127 3.50%	—	—	$25K	$21K	0.2%
FHLMC SD 8255 3.50%	—	—	$21K	$21K	0.2%
FNMA PMA4026 4.00%	—	—	$21K	$18K	0.2%
FNMA PFM7592 3.50%	—	—	$17K	$15K	0.1%
FHLMC SD 8190 3.00%	—	—	$17K	$15K	0.1%
FNMA PFM5000 3.50%	—	—	$17K	$14K	0.1%
FNMA PFM3093 4.00%	—	—	$15K	$13K	0.1%
FNMA PMA4579 3.00%	—	—	$13K	$13K	0.1%
FNMA PMA4600 3.50%	—	—	$13K	$12K	0.1%
FNMA PFS1501 4.00%	—	—	$12K	$11K	0.1%
FHLMC G0 8747 3.00%	—	—	$11K	$10K	<0.1%
FHLMC SD 8213 3.00%	—	—	$10K	$10K	<0.1%
FHLMC SD 1087 3.50%	—	—	$9K	$9K	<0.1%
FNMA PMA4654 3.50%	—	—	$10K	$9K	<0.1%
FHLMC SB 0856 3.50%	—	—	$9K	$9K	<0.1%
FHLMC G0 8654 3.50%	—	—	$9K	$8K	<0.1%
FHLMC G0 8761 3.50%	—	—	$8K	$7K	<0.1%
FHLMC SD 8237 4.00%	—	—	$7K	$7K	<0.1%
FHLMC G0 8660 4.00%	—	—	$8K	$7K	<0.1%
FNMA PFS4928 3.50%	—	—	$7K	$6K	<0.1%
FHLMC G0 8701 3.00%	—	—	$8K	$6K	<0.1%
FNMA PMA2539 4.00%	—	—	$7K	$6K	<0.1%
FHLMC SB 0360 3.50%	—	—	$6K	$6K	<0.1%
FNMA PFS5452 3.50%	—	—	$6K	$6K	<0.1%
FHLMC G0 8698 3.50%	—	—	$6K	$6K	<0.1%
FHLMC G0 8748 3.50%	—	—	$6K	$6K	<0.1%
FHLMC G0 8624 4.00%	—	—	$6K	$5K	<0.1%
FNMA PMA3058 4.00%	—	—	$6K	$5K	<0.1%
FHLMC G0 8635 3.00%	—	—	$6K	$5K	<0.1%
FNMA PMA5177 4.00%	—	—	$5K	$5K	<0.1%
FHLMC G0 8872 4.00%	—	—	$5K	$5K	<0.1%
FNMA PMA4080 3.50%	—	—	$6K	$5K	<0.1%
FHLMC SB 0355 3.50%	—	—	$5K	$4K	<0.1%
FHLMC G0 8601 4.00%	—	—	$5K	$4K	<0.1%
FNMA PMA4564 3.00%	—	—	$5K	$4K	<0.1%
FNMA PFM7745 3.50%	—	—	$5K	$4K	<0.1%
FNMA PFS3497 3.50%	—	—	$4K	$4K	<0.1%
FNMA PMA3210 3.50%	—	—	$4K	$4K	<0.1%
FNMA PMA3692 3.50%	—	—	$4K	$4K	<0.1%
FHLMC SD 8206 3.00%	—	—	$4K	$4K	<0.1%
FHLMC SD 8168 3.00%	—	—	$4K	$4K	<0.1%
FHLMC RA 5391 3.00%	—	—	$4K	$4K	<0.1%
FNMA PAS4884 3.00%	—	—	$4K	$4K	<0.1%
FHLMC G0 8737 3.00%	—	—	$4K	$3K	<0.1%
FHLMC SB 8177 3.50%	—	—	$3K	$3K	<0.1%
FNMA PFS7065 3.00%	—	—	$3K	$3K	<0.1%
FNMA PFM7599 3.50%	—	—	$4K	$3K	<0.1%
FNMA PMA2930 4.00%	—	—	$4K	$3K	<0.1%
FNMA PMA3182 3.50%	—	—	$3K	$3K	<0.1%
FNMA PFM3387 3.50%	—	—	$3K	$3K	<0.1%
FNMA PFS0471 3.50%	—	—	$3K	$3K	<0.1%
FHLMC G0 8741 3.00%	—	—	$3K	$3K	<0.1%
FHLMC SD 8226 3.50%	—	—	$2K	$2K	<0.1%
FNMA PCB3586 3.00%	—	—	$2K	$2K	<0.1%
FNMA PMA4599 3.00%	—	—	$2K	$2K	<0.1%
FHLMC G0 8699 4.00%	—	—	$2K	$2K	<0.1%
FNMA PFM8104 3.00%	—	—	$2K	$2K	<0.1%
FHLMC G0 8694 4.00%	—	—	$2K	$2K	<0.1%
FHLMC G0 8702 3.50%	—	—	$2K	$2K	<0.1%
FNMA PFM7877 3.50%	—	—	$2K	$2K	<0.1%
FHLMC G0 8627 3.50%	—	—	$2K	$1K	<0.1%
FHLMC G0 8620 3.50%	—	—	$2K	$1K	<0.1%
FNMA PFM8138 3.50%	—	—	$2K	$1K	<0.1%
FNMA PAL8272 3.50%	—	—	$1K	$1K	<0.1%
FHLMC G0 8785 4.00%	—	—	$1K	$1K	<0.1%
FHLMC G0 8831 4.00%	—	—	$1K	$1K	<0.1%
FNMA PFM3375 3.50%	—	—	$1K	$1K	<0.1%
FNMA PMA3364 3.50%	—	—	$1K	$1K	<0.1%
FNMA PMA3238 2048 3.50% 6,000 955	—	—	—	$858	<0.1%
FNMA PAX2501 2044 4.00% 9,000 933	—	—	—	$811	<0.1%
FNMA PMA3275 2048 3.00% 5,000 891	—	—	—	$807	<0.1%
FNMA PMA3559 2034 3.50% 9,000 843	—	—	—	$782	<0.1%
FNMA PMA2959 2047 3.50% 5,000 807	—	—	—	$702	<0.1%
FNMA PAS5696 2045 3.50% 7,000 747	—	—	—	$644	<0.1%
FNMA PAW7396 2027 3.50% 48,000 688	—	—	—	$640	<0.1%
FNMA PMA3219 2032 3.50% 4,000 610	—	—	—	$568	<0.1%
FHLMC G0 8606 2044 4.00% 8,000 643	—	—	—	$562	<0.1%
FHLMC J3 1961 2027 3.50% 13,000 485	—	—	—	$452	<0.1%
FHLMC G1 6308 2032 3.50% 3,000 463	—	—	—	$431	<0.1%
FHLMC G0 8588 2044 4.00% 6,000 425	—	—	—	$371	<0.1%
FHLMC G1 8642 2032 3.50% 3,000 391	—	—	—	$362	<0.1%
FNMA PMA2806 2046 3.00% 2,000 403	—	—	—	$359	<0.1%
FHLMC G0 8687 2046 3.50% 3,000 377	—	—	—	$324	<0.1%
FNMA PAL6146 2030 3.50% 3,000 255	—	—	—	$247	<0.1%
FHLMC G1 6040 2030 3.50% 2,000 194	—	—	—	$181	<0.1%
FHLMC J1 6564 2026 3.50% 16,000 131	—	—	—	$123	<0.1%
FHLMC G0 8706 2046 3.50% 1,000 118	—	—	—	$108	<0.1%