Original filing (PDF)20260228081242NAL0000569203001

BOARD OF TRUSTEES OF IBEW LOCAL 139 WELFARE

Name: BOARD OF TRUSTEES OF IBEW LOCAL 139 WELFARE — IBEW LOCAL 139 WELFARE PLAN, Form 5500 (2024)
Creator: BOARD OF TRUSTEES OF IBEW LOCAL 139 WELFARE

Form 5500

FILING_RECEIVED

IBEW LOCAL 139 WELFARE PLAN

Health & welfare plan

Signals · 3

~150 bps in Sched C feesNo recordkeeper disclosed11 service providers

Active participants

224

Accounts w/ balance

—

Plan assets (EOY)

$28.4M

Net assets (EOY)

$27.9M

How this plan invests

This plan

172 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

100

Total plan cost

Vendor stack

Participation health

100

Knocking points off

150 bps in Schedule C fees — 418% 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 BOARD OF TRUSTEES OF IBEW LOCAL 139 WELFARE.

Plan sponsor

Name

BOARD OF TRUSTEES OF IBEW LOCAL 139 WELFARE

EIN

16-0839767

Address

415 WEST SECOND STREET · ELMIRA, NY · 14901

Phone

(607) 732-1237

Industry

Electrical Contractors· Constructionsee all

Plan administrator

Same as plan sponsor.

Plan characteristics

Plan number

501

Plan year

2024

Plan year begin

2024-07-01

Tax period

2025-06-30

Filed

2026-02-28

Welfare benefit codes

4A · Health (other than dental or vision)

4B · Life Insurance

4F · Temporary Disability (accident and sickness)

4L · Death Benefits (other than life insurance)

Audit & trust (Schedule H)

Auditor

MENGEL, METZGER, BARR & CO., LLP

Trustee / custodian

—

Trustee phone

—

Service providers (Schedule C)

11 rows

Other

Name	EIN	Location	Relation	Direct comp	Indirect comp
EXCELLUS BLUE CROSS BLUE SHIELD	15-0329043	—	NONE	$139K	—
MANNING & NAPIER ADVISORS, INC.	16-0995736	—	NONE	$46K	—
BOLTON PARTNERS NORTHEAST, INC.	27-3666661	—	NONE	$40K	—
ASB CAPITAL COMPANY	80-0618452	—	NONE	$38K	—
STEPHANIE YOUNG	16-0839767	—	EMPLOYEE	$37K	—
KRIS VANFLEET	16-0839767	—	EMPLOYEE	$31K	—
MENGEL METZGER BARR & CO. LLP	16-1092347	—	NONE	$29K	—
BLITMAN & KING	16-1047304	—	NONE	$26K	—
ARISTOTLE CREDIT PARTNERS	46-4179556	—	NONE	$16K	—
IPS	58-2432390	—	NONE	$14K	—
JOSEPH MCCARTHY & ASSOCIATES	16-1120588	—	NONE	$11K	—

Investments

172 direct securities· $27.8M(98% of reported assets)

Investment	Type	Shares / units	Cost	Current value	% of plan
APC Short Duration High Yield Fund, LP	—	—	$6.7M	$6.9M	24.4%
ASB Allegiance Real Estate Fund	—	—	$4.0M	$2.5M	8.7%
Vanguard Growth Index Fund Admiral	—	—	$1.5M	$2.3M	8.2%
US Treasury Note	—	—	$1.1M	$1.1M	3.8%
US Treasury Note	—	—	$1.1M	$1.1M	3.8%
CCTC cash	—	—	$907K	$907K	3.2%
US Treasury Note	—	—	$759K	$786K	2.8%
US Treasury Note	—	—	$697K	$714K	2.5%
US Treasury Note	—	—	$679K	$710K	2.5%
US Treasury Note	—	—	$531K	$524K	1.8%
FHLM Pool #SD8276	—	—	$444K	$442K	1.6%
US Treasury Note	—	—	$409K	$437K	1.5%
FNMA Pool #MA4807	—	—	$365K	$374K	1.3%
FHLM Remic K-071 A2	—	—	$416K	$359K	1.3%
FNMA Pool #MA4644	—	—	$377K	$354K	1.2%
FNMA Pool #CA5518	—	—	$320K	$335K	1.2%
FNMA Pool #550401	—	—	$322K	$328K	1.2%
FNMA Pool #FM7556	—	—	$335K	$310K	1.1%
BMW Vehicle	—	—	$310K	$310K	1.1%
Corning Federal Credit Union certificate of deposit	—	—	$305K	$305K	1.1%
FHLM Pool #QG6308	—	—	$273K	$284K	1.0%
GS Financial Square Government	—	—	$250K	$250K	0.9%
FHLMC Remic K-J33 A2	—	—	$270K	$249K	0.9%
US Treasury Note	—	—	$237K	$244K	0.9%
FHLMC Pool #SD0518	—	—	$238K	$241K	0.8%
FHLM Pool #QA5131	—	—	$189K	$162K	0.6%
Nashville & David SCN	—	—	$160K	$151K	0.5%
Crown Castle	—	—	$158K	$150K	0.5%
JP Morgan Chase Bank	—	—	$144K	$147K	0.5%
Central Utah Wtr	—	—	$155K	$146K	0.5%
Energy Transfer	—	—	$153K	$140K	0.5%
SLM Student Loan	—	—	$140K	$140K	0.5%
Simon Ppty Group LP	—	—	$146K	$136K	0.5%
FNMA Pool #FS3239	—	—	$127K	$127K	0.4%
Bank5 2024-5YR10	—	—	$126K	$126K	0.4%
Citigroup Inc	—	—	$110K	$120K	0.4%
Capital One Finl Corp	—	—	$116K	$119K	0.4%
Virginia Pwr Fuel Se	—	—	$114K	$116K	0.4%
Dominion Energy	—	—	$95K	$97K	0.3%
Public Service Enterprise	—	—	$95K	$97K	0.3%
Wells Fargo CML	—	—	$95K	$96K	0.3%
PNC Financial Ser	—	—	$95K	$96K	0.3%
D R Horton Inc	—	—	$95K	$96K	0.3%
Trust Finl Loan	—	—	$87K	$93K	0.3%
Bank Amer Corp	—	—	$86K	$91K	0.3%
Volkswagen Auto	—	—	$89K	$90K	0.3%
Jefferies Financial	—	—	$85K	$89K	0.3%
Wells Fargo & Co	—	—	$85K	$87K	0.3%
US Bancorp	—	—	$82K	$86K	0.3%
J P Morgan Chase & Company	—	38,178	—	$78K	0.3%
FNMA Pool #AL2782	—	—	$82K	$75K	0.3%
Bank Of America Corp	—	39,247	—	$64K	0.2%
Exxon Mobil Corp	—	66,233	—	$64K	0.2%
Huntington Bancshares	—	—	$55K	$59K	0.2%
Johnson & Johnson	—	44,266	—	$58K	0.2%
Air Lease Corp	—	—	$61K	$58K	0.2%
Keycorp	—	—	$54K	$58K	0.2%
Fifth Third Bancorp	—	—	$56K	$57K	0.2%
Citizens Finl Group	—	—	$54K	$57K	0.2%
FNMA Pool #AB8464	—	—	$60K	$54K	0.2%
FHLM Gold Pool #C09044	—	—	$59K	$54K	0.2%
FHLM Gold Pool #A60352	—	—	$57K	$53K	0.2%
Novo-Nordisk ADR	—	42,548	—	$51K	0.2%
Wells Fargo & Co	—	28,119	—	$51K	0.2%
Safehold Oper Partners	—	—	$48K	$50K	0.2%
FNMA Pool #MA3384	—	—	$53K	$49K	0.2%
Caterpillar Inc	—	29,803	—	$42K	0.1%
Novartis AG ADR	—	28,106	—	$41K	0.1%
Merck & Co Inc	—	38,796	—	$40K	0.1%
Qualcomm Inc	—	32,828	—	$39K	0.1%
Citigroup Inc	—	19,260	—	$38K	0.1%
Shell PLC	—	31,719	—	$36K	0.1%
Carmax Auto Trust	—	—	$35K	$36K	0.1%
Progressive Corp	—	34,101	—	$35K	0.1%
Gilead Sciences Inc	—	20,825	—	$32K	0.1%
FHLM Gold Pool #A71408	—	—	$31K	$28K	<0.1%
Conocophillips Petroleum Inc.	—	33,579	—	$28K	<0.1%
Lockheed Martin Corp	—	24,416	—	$27K	<0.1%
Unilever Plc ADR	—	17,696	—	$27K	<0.1%
BHP Group LTD ADR	—	23,540	—	$24K	<0.1%
Bristol Myers Squibb Co	—	27,737	—	$24K	<0.1%
Medtronic PLC	—	22,139	—	$23K	<0.1%
Emerson Electric Company	—	16,764	—	$23K	<0.1%
Southern Copper Corp	—	19,254	—	$23K	<0.1%
Elevance Health Inc	—	24,312	—	$23K	<0.1%
Mondelez International Inc-A	—	22,772	—	$23K	<0.1%
British Amern Tob Plc	—	14,111	—	$22K	<0.1%
FNMA Pool #AT8912	—	—	$25K	$22K	<0.1%
PNC Financial	—	17,373	—	$22K	<0.1%
US Bancorp	—	15,642	—	$21K	<0.1%
Netease Inc	—	14,289	—	$21K	<0.1%
Freeport - McMoran Inc	—	15,146	—	$20K	<0.1%
Eog Res Inc	—	17,924	—	$20K	<0.1%
Newmont Corp	—	18,283	—	$19K	<0.1%
CSX Corp	—	15,895	—	$19K	<0.1%
Truist Financial Corp	—	13,075	—	$18K	<0.1%
Travelers Companies Inc	—	12,025	—	$18K	<0.1%
Marathon Pete Corp	—	15,255	—	$18K	<0.1%
FEDEX Corp	—	19,487	—	$17K	<0.1%
Allstate Corp	—	15,741	—	$17K	<0.1%
Canadian Nat Res LTD	—	16,006	—	$17K	<0.1%
L3Harris Technologies Inc	—	13,753	—	$16K	<0.1%
Cummins Inc	—	11,682	—	$16K	<0.1%
Ferguson Enterprises	—	14,173	—	$16K	<0.1%
NXP Semiconductors NV	—	14,197	—	$16K	<0.1%
Valero Energy Corp	—	15,299	—	$15K	<0.1%
Becton Dickinson & Co	—	19,745	—	$15K	<0.1%
Kroger Co	—	14,878	—	$15K	<0.1%
Schlumberger Ltd	—	22,687	—	$15K	<0.1%
FHLM Gold Pool #A89760	—	—	$16K	$15K	<0.1%
TE Connectivity LTD	—	11,162	—	$15K	<0.1%
Eni S P A	—	13,244	—	$14K	<0.1%
JD.Com Inc	—	14,574	—	$14K	<0.1%
Diageo P L C ADR	—	18,325	—	$14K	<0.1%
America Movil	—	12,677	—	$14K	<0.1%
Cognizant Technology Solutions	—	12,121	—	$14K	<0.1%
Occidental Petroleum	—	12,833	—	$14K	<0.1%
Honda Motor LTADR	—	14,544	—	$13K	<0.1%
Takeda Pharmaceutical Co LTD	—	12,306	—	$13K	<0.1%
The Hartford Insurance Group Inc	—	10,137	—	$13K	<0.1%
Baker Hughes A GE Co	—	13,134	—	$13K	<0.1%
Sysco Corp	—	11,952	—	$13K	<0.1%
Suncor Energy Inc	—	11,009	—	$13K	<0.1%
Ebay Inc	—	7,742	—	$13K	<0.1%
Haleon PLC ADR	—	10,327	—	$13K	<0.1%
Vale Sa ADR	—	15,323	—	$12K	<0.1%
Imperial Oil Ltd	—	9,167	—	$12K	<0.1%
Coca-Cola Europacific Partners ADR	—	8,196	—	$12K	<0.1%
Hershey Co	—	13,054	—	$12K	<0.1%
Nucor Corp	—	9,844	—	$12K	<0.1%
Fifth Third Bancorp	—	7,224	—	$11K	<0.1%
Lennar Corp	—	10,332	—	$11K	<0.1%
Ambev SA ADR	—	11,089	—	$11K	<0.1%
Berkley W R Corp	—	8,180	—	$11K	<0.1%
Barrick Mining Corporation	—	10,723	—	$11K	<0.1%
Kraft Heinz Co	—	14,361	—	$11K	<0.1%
Constellation Brands Inc	—	11,959	—	$11K	<0.1%
PPG Inds Inc	—	12,266	—	$10K	<0.1%
Huntington Bancshares Inc	—	8,163	—	$10K	<0.1%
General Mls Inc	—	12,839	—	$10K	<0.1%
CDW Corp	—	8,475	—	$10K	<0.1%
Cincinnati Finl Corp	—	8,618	—	$10K	<0.1%
Fomento Economico Mexicano ADR	—	10,436	—	$10K	<0.1%
Nutrien LTD	—	9,414	—	$10K	<0.1%
Telefonaktiebolaget LM Erics	—	8,933	—	$9K	<0.1%
Williams Sonoma Inc	—	7,630	—	$9K	<0.1%
Tapestry Inc	—	6,533	—	$9K	<0.1%
Quest Diagnostics Inc	—	8,095	—	$9K	<0.1%
Cenovus Energy Inc	—	11,310	—	$9K	<0.1%
Cabot Oil & Gas Corp	—	8,905	—	$9K	<0.1%
International Flavors & Fragra	—	8,138	—	$8K	<0.1%
Tenaris S AADR	—	7,901	—	$8K	<0.1%
Smurfit Westrock PLC	—	7,568	—	$8K	<0.1%
Reliance Inc	—	6,810	—	$8K	<0.1%
Snap On Inc	—	7,524	—	$8K	<0.1%
Genuine Parts Co	—	9,173	—	$8K	<0.1%
Halliburton Co	—	13,211	—	$8K	<0.1%
Dicks Sporting Goods Inc	—	6,780	—	$8K	<0.1%
Gold Fields LTD	—	7,603	—	$7K	<0.1%
Yum China Hldgs Inc	—	6,382	—	$7K	<0.1%
Avery Dennison Corp	—	6,552	—	$7K	<0.1%
Ecopetrol Sa Adr	—	8,278	—	$7K	<0.1%
FNMA Pool #AO800	—	—	$7K	$7K	<0.1%
Omnicom Group Inc	—	6,734	—	$7K	<0.1%
Booz Allen Hamilton Hldg Cor	—	6,842	—	$6K	<0.1%
Everest Group LTD	—	6,224	—	$6K	<0.1%
Brown Forman Corp	—	7,291	—	$6K	<0.1%
ZTO Express Cayman Inc	—	6,043	—	$6K	<0.1%
FNMA Pool #995196	—	—	$5K	$5K	<0.1%
FHLM Gold Pool #G18484	—	—	$4K	$3K	<0.1%
FHLM Gold Pool #A50408	—	—	$163	$154	<0.1%
FNMA Pool #881746	—	—	$133	$123	<0.1%