Original filing (PDF)20260314115608NAL0008754145001

SHEET METAL WORKERS LOCAL 22 WELFARE FUND BOARD OF TRUSTEES

Name: SHEET METAL WORKERS LOCAL 22 WELFARE FUND BOARD OF TRUSTEES — SHEET METAL WORKERS LOCAL 22 - WELFARE FUND, Form 5500 (2024)
Creator: SHEET METAL WORKERS LOCAL 22 WELFARE FUND BOARD OF TRUSTEES

Form 5500

FILING_RECEIVED

SHEET METAL WORKERS LOCAL 22 - WELFARE FUND

Health & welfare plan

Signals · 1

No recordkeeper disclosed

Active participants

279

Accounts w/ balance

—

Plan assets (EOY)

$21.9M

Net assets (EOY)

$20.5M

How this plan invests

This plan

251 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

62 bps in Schedule C fees — 115% 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 SHEET METAL WORKERS LOCAL 22 WELFARE FUND BOARD OF TRUSTEES.

Plan sponsor

Name

SHEET METAL WORKERS LOCAL 22 WELFARE FUND BOARD OF TRUSTEES

EIN

22-1505211

Address

700 SWENSON DRIVE · KENILWORTH, NJ · 07033

Phone

(908) 298-6030

Industry

Constructionsee all

Plan administrator

Same as plan sponsor.

Plan characteristics

Plan number

501

Plan year

2024

Plan year begin

2024-06-01

Tax period

2025-05-31

Filed

2026-03-14

Welfare benefit codes

4A · Health (other than dental or vision)

4B · Life Insurance

4D · Dental

4E · Vision

Audit & trust (Schedule H)

Auditor

MSPC CERTIFIED PUBLIC ACCOUNTANTS &

Trustee / custodian

—

Trustee phone

—

Service providers (Schedule C)

4 rows

Other

Name	EIN	Location	Relation	Direct comp	Indirect comp
UBS INVESTMENTS	13-2638166	—	NONE	$68K	—
BOLTON PARTNERS	—	TRENTON, NJ	NONE	$28K	—
BRIDGEWAY BENEFIT TECHNOLOGIES	—	MAPLE SHADE, NJ	NONE	$23K	—
MSPC	22-2951202	CRANFORD, NJ	NONE	$19K	—

Investments

251 direct securities· $18.5M(84% of reported assets)

Investment	Type	Shares / units	Cost	Current value	% of plan
Lord Abbett Short Duration Income Fund Class I Lldyx	—	—	$4.7M	$4.4M	20.3%
Vanguard Growth Etf	—	—	$1.5M	$2.6M	11.6%
Spdr Portfolio S&P 500 Value	—	—	$1.2M	$1.6M	7.4%
Fidelity International Index Fund	—	—	$926K	$1.0M	4.7%
UBS Money Market And Investment Cash 4.23%	—	—	$498K	$498K	2.3%
TD Bank Checking Accounts 0.01%	—	—	$463K	$463K	2.1%
JP Morgan Chase & Co	—	—	$84K	$132K	0.6%
Northlake Tx Hotel Occu 5.70% 08/15/45	—	—	$118K	$114K	0.5%
St Pub Sch Bldg Auth 5.00% 09/15/27	—	—	$110K	$111K	0.5%
Boston Medical Center 4.52% 07/01/26	—	—	$122K	$109K	0.5%
Mount Vernon Of Hancock 2.47% 07/15/29	—	—	$115K	$107K	0.5%
Foothill Estn Transn 2.49% 01/15/35	—	—	$130K	$104K	0.5%
Costco Wholesale Corp	—	—	$30K	$104K	0.5%
Rosedale-Rio Bravo Ca 2.58% 01/01/34	—	—	$120K	$101K	0.5%
Chicago Il Tran Auth 3.50% 12/01/33	—	—	$119K	$98K	0.4%
Cambria Cnty 3.17% 08/01/31	—	—	$105K	$97K	0.4%
Western Placer Ca Uni Sc 2.75% 11/01/27	—	—	$103K	$97K	0.4%
East Rampao Cent 5.00% 03/15/26	—	—	$100K	$96K	0.4%
Selma Al 2.75% 07/01/27	—	—	$102K	$96K	0.4%
Red Riv Fin Corp 2.71% 03/15/32	—	—	$107K	$94K	0.4%
Delaware Mun Elec Corp 3.80% 10/01/29	—	—	$101K	$93K	0.4%
District Energy St Paul 2.30% 10/01/28	—	—	$95K	$89K	0.4%
Idaho Hsg & Fin Assn Sin 5.09% 01/01/28	—	—	$85K	$86K	0.4%
St Pub Sch Bldg Auth 3.10% 04/01/32	—	—	$97K	$85K	0.4%
Sutter Health 1.32% 08/15/25	—	—	$85K	$84K	0.4%
Exxon Mobil Corp	—	—	$70K	$82K	0.4%
Orange Ca Pension Obl 2.22% 06/01/30	—	—	$85K	$76K	0.3%
Duke Energy Indiana Inc 6.35% 08/15/38	—	—	$79K	$75K	0.3%
Pennsylvania Economic 2.74% 03/01/30	—	—	$80K	$73K	0.3%
Ontario Ca Pensn 3.23% 06/01/30	—	—	$81K	$71K	0.3%
Commonspirit Health B/E 5.32% 12/01/34	—	—	$72K	$70K	0.3%
Mississippi St 5.25% 11/15/34	—	—	$70K	$70K	0.3%
New York St Dorm Auth 2.87% 07/01/25	—	—	$65K	$65K	0.3%
New Jersey St Hsg & Mtg 2.25% 05/01/30	—	—	$70K	$63K	0.3%
Carlisle Cos Inc	—	—	$36K	$61K	0.3%
Tulare Cnty Ca 3.96% 06/01/27	—	—	$68K	$59K	0.3%
Clearbridge Dividend Strategy Fund	—	—	$45K	$59K	0.3%
Crestwood Vlg Ill 3.10% 12/15/31	—	—	$68K	$59K	0.3%
Berkley W R Corp	—	—	$29K	$59K	0.3%
California St Var Purp G 5.75% 10/01/31	—	—	$59K	$59K	0.3%
Minnesota St Hsg Fin 6.00% 02/01/32	—	—	$58K	$58K	0.3%
South Carolina Jobs-Econ 2.73% 07/01/30	—	—	$69K	$58K	0.3%
Elevance Health Inc	—	—	$62K	$58K	0.3%
New Haven Ct 2.24% 08/01/28	—	—	$60K	$56K	0.3%
California Pub Fin Auth 5.45% 06/01/34	—	—	$55K	$55K	0.3%
New Jersey St Hsg & Mtg 4.89% 11/01/31	—	—	$55K	$55K	0.3%
Clearbridge Large Cap Value Fund	—	—	$46K	$55K	0.2%
iShares Broad USD Invt Grade Corporate Bond Etf	—	—	$57K	$55K	0.2%
Chula Vista Ca Pnsn 1.94% 06/01/32	—	—	$65K	$54K	0.2%
GoDaddy Inc Cl A	—	—	$27K	$52K	0.2%
Arista Networks Inc	—	—	$3K	$52K	0.2%
San Luis Unit/Westland 2.96% 09/01/34	—	—	$64K	$51K	0.2%
Toledo Hosp 5.33% 11/15/28	—	—	$61K	$50K	0.2%
Prov St Joseph Hlth 2.53% 10/01/29	—	—	$57K	$50K	0.2%
Kendall Kane&Will 4.00% 02/01/32	—	—	$52K	$50K	0.2%
New Jersey St Edl 2.83% 07/01/26	—	—	$46K	$49K	0.2%
Synchrony Bank UT US Certificate of Deposit 3.35%	—	—	$49K	$49K	0.2%
Trimble Inc Com	—	—	$41K	$49K	0.2%
Marathon Petroleum Co	—	—	$26K	$48K	0.2%
San Luis Unit 2.86% 09/01/33	—	—	$55K	$47K	0.2%
Johnson & Johnson Com	—	—	$44K	$47K	0.2%
Auburn Ala Wtr Wks 2.26% 09/01/30	—	—	$50K	$45K	0.2%
Buncombe Cnty 4.85% 06/01/35	—	—	$45K	$45K	0.2%
San Luis&Delta-Mendota 2.63% 03/01/35	—	—	$55K	$45K	0.2%
Columbia Select Mid Cap Growth Fund	—	—	$45K	$45K	0.2%
Caci Intl Inc Cl A	—	—	$28K	$43K	0.2%
Microsoft Corp	—	—	$11K	$43K	0.2%
iShares Russell 2000 Etf	—	—	$45K	$41K	0.2%
Canadian Pac Kans City Ltd	—	—	$22K	$41K	0.2%
Markel Group Inc	—	—	$24K	$41K	0.2%
Illinois St 4.76% 04/01/26	—	—	$44K	$40K	0.2%
Morningstar Inc	—	—	$23K	$40K	0.2%
Caseys Gen Store Inc	—	—	$24K	$39K	0.2%
Monster Beverage Corp	—	—	$28K	$38K	0.2%
New Hampshire St 2.81% 09/01/28	—	—	$40K	$38K	0.2%
HCA Healthcare Inc	—	—	$37K	$38K	0.2%
Minnesota St Hsg Fin 2.49% 01/01/28	—	—	$40K	$38K	0.2%
Macquarie Mid Cap Income Opportunities Fund	—	—	$34K	$38K	0.2%
Booz Allen Hamilton Hdlg Corp	—	—	$31K	$36K	0.2%
Illinois St 6.00% 04/01/38	—	—	$35K	$36K	0.2%
iShares Mbs Etf	—	—	$36K	$35K	0.2%
Sei Investments Co	—	—	$26K	$35K	0.2%
Nestle S A Sponsored Adr	—	—	$32K	$35K	0.2%
New Jersey St Edl 2.30% 07/01/25	—	—	$35K	$35K	0.2%
Lennox Intl Inc	—	—	$16K	$34K	0.2%
Sempra	—	—	$31K	$34K	0.2%
Enbridge Inc Cad	—	—	$28K	$34K	0.2%
Spdr S&P 500 Etf	—	—	$33K	$34K	0.2%
AptarGroup Inc	—	—	$25K	$34K	0.2%
Aramark Holding Corp	—	—	$21K	$34K	0.2%
Pennsylvania Economic 2.62% 03/01/28	—	—	$35K	$33K	0.2%
Connecticut Arpt Auth Cu 3.98% 07/01/33	—	—	$38K	$33K	0.2%
Dolby Laboratories Inc Cl A	—	—	$36K	$33K	0.1%
Broadcom Inc	—	—	$5K	$32K	0.1%
Vanguard Mid-Cap Value Etf	—	—	$33K	$32K	0.1%
Exxon Mobil Corp	—	—	$32K	$32K	0.1%
RPM Intl Inc (Dela)	—	—	$24K	$32K	0.1%
Northrop Grumman Corp	—	—	$24K	$32K	0.1%
LKQ Corp New	—	—	$36K	$31K	0.1%
Burlington Stores Inc	—	—	$22K	$31K	0.1%
Becton Dickinson & Co	—	—	$39K	$30K	0.1%
Comcast Corp	—	—	$35K	$29K	0.1%
Trans Union	—	—	$18K	$29K	0.1%
Williams Cos Inc	—	—	$13K	$29K	0.1%
Travelers Cos Inc/The	—	—	$14K	$28K	0.1%
Choice Hotels Intl Inc New	—	—	$21K	$28K	0.1%
Central Tx Regl Mobility 2.19% 01/01/29	—	—	$30K	$28K	0.1%
So Jersey Trans Au Trans 7.00% 11/01/38	—	—	$27K	$27K	0.1%
South Carolina St Pub 6.44% 12/01/36	—	—	$28K	$27K	0.1%
T-Mobile Us Inc Com	—	—	$17K	$27K	0.1%
Alameda Cnty Cal 3.82% 08/01/38	—	—	$26K	$27K	0.1%
Philadelphia Pa Auth 6.55% 10/15/28	—	—	$32K	$26K	0.1%
Boise St Univ Id 5.00% 04/01/33	—	—	$31K	$25K	0.1%
Orange Cnty Ca Santin 5.56% 02/01/36	—	—	$35K	$25K	0.1%
Ppl Capital Funding Inc 5.25% 09/01/34	—	—	$25K	$25K	0.1%
Premier Health Partners 2.91% 11/15/26	—	—	$22K	$24K	0.1%
Unilever Plc Amer Shs New Spon	—	—	$22K	$24K	0.1%
Teleflex Inc	—	—	$44K	$24K	0.1%
Fort Ord Ca Reuse 2.54% 09/01/28	—	—	$25K	$24K	0.1%
Avery Dennsion Corp	—	—	$25K	$23K	0.1%
Wex Inc	—	—	$29K	$23K	0.1%
Landstair Sys Inc	—	—	$22K	$23K	0.1%
Azusa Ca Pension Obli G 2.64% 08/01/30	—	—	$25K	$23K	0.1%
JP Morgan Chase & Co	—	—	$12K	$23K	0.1%
Kirby Corp	—	—	$14K	$23K	0.1%
Idex Corp	—	—	$17K	$22K	0.1%
Manhattan Assoc Inc	—	—	$15K	$22K	0.1%
Visa Inc Cl A	—	—	$9K	$22K	<0.1%
Los Angeles Ca Muni 2.27% 11/01/31	—	—	$25K	$21K	<0.1%
RTX Corp	—	—	$10K	$21K	<0.1%
American Mun Pwr 6.42% 02/15/32	—	—	$27K	$21K	<0.1%
XTO Energy Inc 6.10% 04/01/36	—	—	$22K	$21K	<0.1%
Florida Pwr & Light Co 5.96% 04/01/39	—	—	$21K	$21K	<0.1%
Northrop Grumman Corp	—	—	$19K	$21K	<0.1%
Apollo Global Mgmt	—	—	$11K	$21K	<0.1%
Affiliated Manager Group	—	—	$16K	$21K	<0.1%
Brown & Brown Inc	—	—	$9K	$21K	<0.1%
AvalonBay Communities Inc	—	—	$17K	$20K	<0.1%
East Rampao Cent 5.00% 03/15/40	—	—	$20K	$20K	<0.1%
Nordson Corp	—	—	$14K	$20K	<0.1%
Columbia Sportwear Co	—	—	$24K	$20K	<0.1%
Yolo Cnty Ca Cop 5.20% 12/01/26	—	—	$23K	$20K	<0.1%
Ochsner LSU Health 1.63% 05/15/31	—	—	$17K	$20K	<0.1%
Middlesex Co Nj Imp 4.62% 08/15/31	—	—	$20K	$20K	<0.1%
Duke Energy Carolinas 4.95% 01/15/33	—	—	$20K	$20K	<0.1%
Sutter Health Nts 5.16% 08/15/33	—	—	$20K	$20K	<0.1%
Entergy Texas Inc 5.25% 04/15/35	—	—	$20K	$20K	<0.1%
Stockton Ca Pension O 5.46% 09/01/37	—	—	$20K	$20K	<0.1%
Coca Cola Co Com	—	—	$14K	$20K	<0.1%
Ulta Beauty	—	—	$13K	$19K	<0.1%
MetLife Inc	—	—	$15K	$19K	<0.1%
Haleon Plc Spon Adr	—	—	$16K	$19K	<0.1%
Linde Plc New Eur	—	—	$10K	$19K	<0.1%
Hunt J B Trans Scvs Inc	—	—	$17K	$19K	<0.1%
Hot Springs Ar Hotel 2.91% 11/01/28	—	—	$20K	$19K	<0.1%
Pinal & Maricopa Cntys 1.60% 07/01/27	—	—	$20K	$19K	<0.1%
Illinois St Assur Tax 5.10% 06/01/33	—	—	$22K	$19K	<0.1%
Vulcan Materials Co New	—	—	$10K	$19K	<0.1%
Meta Platform Inc Cl A	—	—	$14K	$19K	<0.1%
American Tower Corp	—	—	$14K	$19K	<0.1%
Skechers Usa Inc	—	—	$12K	$19K	<0.1%
New Jersey St Hsg & Mtg 2.20% 11/01/29	—	—	$20K	$18K	<0.1%
Miami-Dade Cnty Fl 3.66% 10/01/34	—	—	$18K	$18K	<0.1%
iShares Core Msci Eafe Etf	—	—	$15K	$18K	<0.1%
California Pub Fin Auth 2.32% 10/15/30	—	—	$20K	$18K	<0.1%
FFCB Bond 3.25% 02/23/35	—	—	$17K	$18K	<0.1%
Alphabet Inc Cl A	—	—	$17K	$17K	<0.1%
King Co Wa Pub 2.34% 12/01/32	—	—	$20K	$17K	<0.1%
Merck & Co Inc Com	—	—	$16K	$17K	<0.1%
Foothill Estn Transn 2.19% 01/15/32	—	—	$20K	$17K	<0.1%
L3 Harris Technologies Inc	—	—	$15K	$17K	<0.1%
Kinsale Cap Group Inc	—	—	$14K	$17K	<0.1%
Beaumont Tx Wtrwks 2.34% 09/01/32	—	—	$20K	$17K	<0.1%
Waste Mgmt Inc New	—	—	$6K	$17K	<0.1%
Tyler Technologies Inc	—	—	$11K	$17K	<0.1%
Oracle Corp	—	—	$10K	$17K	<0.1%
Blackbaud Inc	—	—	$19K	$16K	<0.1%
Henry Jack & Assoc Inc	—	—	$12K	$16K	<0.1%
Illinois St 5.90% 04/01/33	—	—	$18K	$15K	<0.1%
Envista Holdings Corp	—	—	$21K	$15K	<0.1%
Time Warner Inc 6.63% 05/15/29	—	—	$19K	$15K	<0.1%
Illinois St 6.75% 03/01/26	—	—	$18K	$15K	<0.1%
Pool Corp	—	—	$13K	$15K	<0.1%
Diageo Plc New Gb Spon Adr	—	—	$22K	$15K	<0.1%
Apple Inc	—	—	$8K	$15K	<0.1%
Union Pacific Corp	—	—	$11K	$15K	<0.1%
Uni Pittsburgh Pa 3.13% 09/15/26	—	—	$16K	$15K	<0.1%
FTI Consulting Inc	—	—	$15K	$15K	<0.1%
TE Connectivity Plc	—	—	$13K	$15K	<0.1%
AstraZeneca Plc Spon Adr	—	—	$13K	$15K	<0.1%
Capital One Fincl Corp	—	—	$9K	$14K	<0.1%
CVS Health Corp	—	—	$14K	$14K	<0.1%
Newburgh City 2.67% 06/15/28	—	—	$15K	$14K	<0.1%
Home Depot Inc	—	—	$5K	$14K	<0.1%
Imperial Calif Cmnty 2.56% 08/01/29	—	—	$16K	$14K	<0.1%
Bio Techne Corp Com	—	—	$12K	$14K	<0.1%
Vanguard Inter Term Treasury Etf	—	—	$14K	$14K	<0.1%
Simpson Manufacturing Co Inc	—	—	$16K	$14K	<0.1%
Public Storage Reit	—	—	$12K	$13K	<0.1%
Vanguard Russell 1000 Value Etf	—	—	$11K	$13K	<0.1%

Showing top 200 of 251 investments by value.